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News For DUK;GS;HRZN;SPRD;CTRP;YOKU;CUB;MEMP;CRZO From The Last 14 Days Check below for free stories on DUK;GS;HRZN;SPRD;CTRP;YOKU;CUB;MEMP;CRZO the last two weeks. |
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| May 23, 2013 |
| 11:37 EDT |  | SPRD | Spreadtrum management to meet with Oppenheimer
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| May 22, 2013 |
| 16:25 EDT |  | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. |
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| 14:29 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. |
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| 13:07 EDT |  | GS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link |
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| 09:02 EDT |  | GS | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. |
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| 07:39 EDT | | DUK | Wolfe Trahan to host a conference
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| May 21, 2013 |
| 18:56 EDT |  | GS | On The Fly: After Hours Movers
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| 17:03 EDT | | GS | Merck announces $5B share repurchase
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| 09:33 EDT | | GS | Bloomberg LINK to host a summit
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| 07:13 EDT | | GS | U.S. bank mergers less likely this year, Bloomberg reports
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| 07:12 EDT | | GS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link |
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| 06:10 EDT | | GS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. |
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| 05:46 EDT | | GS | Thomson Reuters, others to challenge Bloomberg messaging, WSJ reports
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| May 20, 2013 |
| 15:33 EDT | | CUB | U.S. Army awards Cubic $21M foreign military sales training contract
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| 07:29 EDT | | SPRD | Deutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22. |
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| 06:41 EDT | | GS | Goldman Sachs seeking to sell stake in Chinese bank, Reuters reports
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| 06:05 EDT | | YOKU | Stocks with implied volatility movement; SPWR YOKU
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| May 17, 2013 |
| 11:35 EDT | | MEMP | High option volume stocks: DVY MEMP JRCC FEZ SCTY
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| 10:44 EDT |  | YOKU | Youku Tudou drops sharply, levels to watch
The stock is down over 6.6% at time of writing, last at $19.67. At that price, next support is at $19.39, and then at $18.91. Resistance is at $20.64. |
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| 10:07 EDT |  | CTRP | On The Fly: Analyst Upgrade Summary
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| 05:33 EDT | | CTRP | Ctrip.com upgraded to Neutral from Sell at Citigroup
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| May 16, 2013 |
| 18:04 EDT | | DUK | Duke Energy shuts down nuclear power plant for repairs
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| 11:34 EDT |  | YOKU | Youku Tudou initiated with a Buy at BofA/Merrill
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| 10:03 EDT | | YOKU | On The Fly: Analyst Upgrade Summary
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| 09:41 EDT | | YOKU | Youku Tudou upgraded to Overweight from Neutral at HSBC
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| 09:09 EDT | | YOKU | Youku Tudou price target raised to $25 from $21 at Macquarie
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| 09:05 EDT | | GS | SolarCity, Goldman Sachs collaborate on solar lease financing platform
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| 08:17 EDT | | YOKU | Youku Tudou upgraded to Hold from Sell at Maxim
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| 08:05 EDT |  | CUB | Cubic 2.4M share Secondary priced at $45.75
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| 07:59 EDT | | DUK | FERC to hold an open commission meeting
The Commission holds a meeting to discuss matters relating to companies including NorthWestern Corp (NWE), Allete (ALE), Ameren Illinois Company (AEE) and Duke Energy Indiana (DUK) at FERC Washington, D.C. offices on May 16 at 10 am. Webcast Link |
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| 06:41 EDT | | GS | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| 06:19 EDT | | GS | U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports
Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link |
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| May 15, 2013 |
| 17:33 EDT |  | YOKU | Youku Tudou sees Q2 revenue RMB720M-RMB770M, consensus RMB666.17M
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| 17:32 EDT | | YOKU | Youku Tudou reports Q1 EPS (23c), may not compare to consensus ($1.39)
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| 15:11 EDT | | YOKU | Notable companies reporting after market close
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| 13:17 EDT | | GS | Goldman Sachs COO says will address Fed's CCAR concerns
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| 13:15 EDT | | GS | Goldman Sachs COO says wouldn't cut equities on first move by Fed
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| 13:15 EDT | | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. |
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| 06:34 EDT | | GS | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J |
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| May 14, 2013 |
| 09:01 EDT | | GS | NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs
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| 08:33 EDT | | GS | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 07:59 EDT | | GS | Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports
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| 07:28 EDT | | HRZN | UBS to host a conference
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| 06:01 EDT | | GS | Goldman looking to lessen reliance on Bloomberg, NY Post reports
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| May 13, 2013 |
| 18:56 EDT | | CUB | On The Fly: After Hours Movers
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| 16:01 EDT | | CUB | Cubic files to sell 2.4M shares of common stock
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| 15:04 EDT | | GS | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 10:09 EDT |  | CTRP | On The Fly: Analyst Downgrade Summary
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| 07:39 EDT | | DUK | Deutsche Bank to host a conference
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| 06:28 EDT | | YOKU | Youku.com May volatility elevated at 112 into Q1
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| 06:00 EDT | | CTRP | Ctrip.com downgraded to Neutral from Buy at Goldman
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| May 10, 2013 |
| 14:20 EDT | | YOKU | Youku.com May volatility elevated at 88 into Q1
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| May 9, 2013 |
| 11:36 EDT | | SPRD | Spreadtrum management to meet with Oppenheimer
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| 10:08 EDT | | CTRP | On The Fly: Analyst Upgrade Summary
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| 09:54 EDT | | CTRP | Ctrip.com gaps up sharply following earnings beat, levels to watch
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| 09:00 EDT | | CTRP | Ctrip.com rises 17%
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| 08:37 EDT | | CTRP | Ctrip.com price target raised to $34 from $25 at Brean Capital
Brean Capital raised its price target on Ctrip.com following better than expected Q4 results. The firm believes it is an attractive name for investors looking to be involved in secular leisure and online travel growth in China. Shares are Buy rated. |
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| 08:14 EDT | | CTRP | Ctrip.com upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Ctrip followign the better than expected Q1 report. |
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| 08:13 EDT | | CTRP | Ctrip.com upgraded to Overweight from Equal Weight at Morgan Stanley
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| 08:09 EDT | | GS | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 08:05 EDT | | CTRP | Ctrip.com upgraded to Buy from Outperform at CLSA
CLSA upgraded Ctrip.com due to the strong Q1 report, top line growth, and higher operating leverage. Price target is $31. |
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| 06:05 EDT | | GS | Goldman Sachs made about $500M for Malaysian bond sales, Bloomberg reports
Goldman Sachs Group made about $500M arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, sources say, reports Bloomberg. That total is nearly as much as Malaysia pays each month on its debt and compares with Goldman's record $694M of global bond underwriting fees in the first quarter, according to Bloomberg data. Reference Link |
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| 05:43 EDT | | GS | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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