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Stock Market & Financial Investment News

News Breaks
January 25, 2013
13:24 EDTEGHT, PAA, QLGC, CTRP, PIIHigh option volume stocks: QLGC PAA PII CTRP EGHT
News For EGHT;PAA;QLGC;CTRP;PII From The Last 14 Days
Check below for free stories on EGHT;PAA;QLGC;CTRP;PII the last two weeks.
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August 18, 2014
10:43 EDTEGHTHigh option volume stocks
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August 15, 2014
14:32 EDTPAAPemex CEO sees beginning to import U.S. light crude, Reuters says
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August 13, 2014
08:15 EDTEGHT8x8, Inc. issued two communications patents by USPTO
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August 7, 2014
12:14 EDTCTRPOn The Fly: Midday Wrap
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11:00 EDTPAAPlains All American sees no need for overnight, marketed equity offering in 2014
Sees CY14 CapEx approximately $1.95B for expansion projects with an additional $185M-$205M for maintenance capital projects. For adjusted EBITDA, the company sees the midpoint at $480M for Q3 and $2.175B for FY14. Sees Q3 implied distributable cash flow of $336M at the midpoint and $1.558B for FY14. Says that absent significant acquisition activity, sees no need for overnight or marketed equity offering in 2014. Says targeting 10% distribution growth for 2014. Comments from slides that will be presented on the Q2 earnings conference call.
10:39 EDTCTRPCtrip surges after increasing ties to Priceline
Shares of Chinese online travel agency Ctrip.com (CTRP) are jumping after the company expanded its partnership with Priceline (PCLN) and received a $500M investment from the U.S. online travel giant. WHAT'S NEW: Ctrip and Priceline last night announced that under an expanded agreement Ctrip's customers will be able to access all of Priceline's accommodations outside of Greater China, while Priceline's customers will be able to access Ctrip's over 100,000 accommodations within Greater China. Additionally, Priceline and Ctrip will offer their respective hotel inventory to each other on an enlarged scale with more favorable partnership terms, including an agreement to enhance promotional efforts, the companies said. Meanwhile, Priceline will invest $500M in Ctrip through a convertible bond and Ctrip has given Priceline permission to buy Ctrip's shares on the open market. As a result, Priceline will be able to obtain a stake of up to 10% in Ctrip, the companies reported. ANALYST REACTION: A number of analysts were very upbeat on Ctrip's outlook following the news. In a note to investors today, Oppenheimer analyst Ella Ji wrote that the new deal increases Ctrip's access to Priceline's worldwide inventories and offers more cross-promotion opportunities to Ctrip. The Chinese company's expanding overseas inventory will further enhance its leadership position in China, according to Ji, who kept an Outperform rating on Ctrip. Similarly, Fawne Jiang, an analyst at Brean Capital ,wrote that the deal further enhances Ctrip's leadership position in the Chinese online travel sector. The analyst continues to recommend investing in the stock and sees it as a core holding in the China Internet sector. Jiang kept a $74 price target and Buy rating on the shares. Meanwhile, research firm CLSA responded to the news by upgrading Ctrip two notches, to Buy from Underperform. The firm now has a $78 price target on the shares. PRICE ACTION: In mid-morning trading, Ctrip jumped 11.8% to $67.60 and Priceline gained 1.2% to $1296.44.
10:00 EDTCTRPOn The Fly: Analyst Upgrade Summary
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09:08 EDTCTRPCtrip.com upgraded at CLSA
As previously reported, CLSA ugpraded Ctrip.com (CTRP) to Buy from Underperform. The analyst said Ctrip's extended partnership with Priceline (PCLN) is a strategic positive for both as they can cross-sell products and expects Ctrip to better capitalize on China's fast growing outbound travel market. Price target raised to $78.
08:12 EDTCTRPCtrip.com deal will enhance leadership position, says Oppenheimer
After Ctrip.com (CTRP) received a $500M investment from Priceline (PCLN) and the two companies strengthened their existing partnership, Oppenheimer thinks the deal will further enhance Ctrip.com's leadership position in China. The firm keeps an Outperform rating on Ctrip.com.
08:08 EDTCTRP, CTRPCtrip.com upgraded to Buy from Underperform at CLSA
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08:07 EDTCTRPCtrip.com a core China Internet/Online Travel holding, says Brean Capital
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August 6, 2014
18:25 EDTCTRPCtrip.com up 15% after Priceline expands existing partnership with Ctrip
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18:13 EDTCTRPThe Priceline Group expands existing partnership with Ctrip.com
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17:13 EDTPAAPlains All American reports Q2 EPS 50c, consensus 50c
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16:39 EDTPIIFox Factory announces new OEM side-by-side specification wins
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15:30 EDTPAANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Prudential (PRU), consensus $2.35; CenturyLink (CTL), consensus 64c; Symantec (SYMC), consensus 42c; Transocean (RIG), consensus $1.12; CF Industries (CF), consensus $6.71; QEP Resources (QEP), consensus 33c; Integrys Energy (TEG), consensus 45c; Dun & Bradstreet (DNB), consensus $1.35; Energy Transfer (ETE), consensus 33c; Plains All American (PAA), consensus 50c; Concho Resources (CXO), consensus 97c; Antero Resources (AR), consensus 37c; Keurig Green Mountain (GMCR), consensus 88c; Twenty-First Century Fox (FOXA), consensus 38c; American Water Works (AWK), consensus 64c; Alliant Energy (LNT), consensus 61c; Sunoco Logistics Partners (SXL), consensus 37c; Regency Energy (RGP), consensus 16c; Envision Healthcare (EVHC), consensus 25c; AMERCO (UHAL), one estimate $6.36; zulily (ZU), consensus 4c; Jack in the Box (JACK), consensus 57c.
06:19 EDTPIICFA Society of Minnesota to hold a conference
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