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Stock Market & Financial Investment News

News Breaks
February 25, 2014
10:00 EDTPPO, NVO, TQNT, KGC, ED, VZ, CCMO, EOG, PEBO, KIN, HSC, MANT, WRE, NDSN, GSSOn The Fly: Analyst Upgrade Summary
Consolidated Edison (ED) upgraded to Overweight from Equal Weight at Barclays... Golden Star Resources (GSS) upgraded to Hold from Sell at Canaccord... Kindred Biosciences (KIN) upgraded to Outperform from Market Perform at BMO Capital... Kinross Gold (KGC) upgraded to Buy from Hold at Canaccord... Nordson (NDSN) upgraded to Outperform from Perform at Oppenheimer... Peoples Bancorp (PEBO) upgraded to Strong Buy from Outperform at Raymond James... TriQuint (TQNT) upgraded to Buy from Hold at Brean Capital... Washington REIT (WRE) upgraded to Buy from Hold at Stifel... EOG Resources (EOG) upgraded to Buy from Sell at Societe Generale... Novo Nordisk (NVO) upgraded to Buy from Neutral at BofA/Merrill... ManTech (MANT) upgraded to Outperform from Market Perform at Cowen... CC Media Holdings (CCMO) upgraded to Fair Value from Sell at CRT Capital... Polypore (PPO) upgraded to Outperform from Neutral at Wedbush... Harsco (HSC) upgraded to Buy from Hold at Argus... Verizon (VZ) upgraded to Overweight from Neutral at JPMorgan.
News For ED;GSS;KIN;KGC;NDSN;PEBO;TQNT;WRE;EOG;NVO;MANT;CCMO;PPO;HSC;VZ From The Last 14 Days
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August 24, 2015
07:00 EDTKGCKinross Gold downgraded to Underperform from Sector Perform at RBC Capital
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August 23, 2015
19:13 EDTVZBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 21, 2015
12:22 EDTEOGChanos say still short Exploration & Production space
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09:13 EDTNDSNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
August 20, 2015
19:02 EDTNDSNOn The Fly: After Hours Movers
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16:34 EDTNDSNNordson sees Q4 GAAP EPS $1.00-$1.12, consensus $1.23
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16:32 EDTNDSNNordson reports backlog approximately $270M at July 31
16:31 EDTNDSNNordson reports Q3 adjusted EPS $1.16, consensus $1.25
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14:42 EDTNDSNNotable companies reporting after market close
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11:55 EDTWREWashington REIT management to meet with SunTrust
Meeting to be held in Toronto on August 27 hosted by SunTrust.
11:33 EDTNVOLeerink major pharmaceuticals analyst holds an analyst/industry conference call
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08:02 EDTVZFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
05:46 EDTEOGStocks with implied volatility movement; QIHU EOG
Stocks with implied volatility movement; Qihoo 360 (QIHU) 45, EOG Resources (EOG) 35 according to iVolatility.
August 19, 2015
17:07 EDTPPOPolypore receives antitrust clearances for Asahi Kasei merger
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16:58 EDTEOGOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
10:20 EDTVZBig telecom firms put M&A on hold, CTFN reports
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08:22 EDTVZSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
11:34 EDTVZSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
August 17, 2015
07:39 EDTVZTMC to hold a conference
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06:50 EDTHSCHarsco upgraded to Overweight from Sector Weight at KeyBanc
Following management meetings, KeyBanc has increased confidence in Harsco's internal levers and upgraded shares to Overweight. The firm sees a compelling buying opportunity for deep value investors given operational improvements from Project Orion, near-term catalyst from debt refinancing, and management's focus on portfolio optimization. KeyBanc has a $18.50 price target on shares.
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