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Stock Market & Financial Investment News

News Breaks
June 26, 2014
10:10 EDTNBBC, XRX, HE, UAL, ELOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Estee Lauder (EL) downgraded to Neutral from Buy at B. Riley... Hawaiian Electric (HE) downgraded to Cautious from Neutral at ISI Group... NewBridge Bancorp (NBBC) downgraded to Market Perform from Outperform at Raymond James... United Continental (UAL) downgraded to In-Line from Outperform at Imperial Capital... Xerox (XRX) downgraded to Hold from Buy at Argus.
News For EL;HE;NBBC;UAL;XRX From The Last 14 Days
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January 22, 2015
11:57 EDTUALAirline rally continues after companies report results
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11:15 EDTUALUnited Continental says 'comfortable' with demand levels for Q1
10:58 EDTUALUnited Continental sees FY consolidated CASM flat to up 1%
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10:47 EDTUALUnited Continental sees Q1 consolidated capacity flat to up 1%
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10:23 EDTUALUnited Continental sees generating 'far better' results in 2015
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10:23 EDTUALUnited Continental sees 2015 consolidated CASM approx. flat
United said earlier that as its cost initiatives mature throughout 2015, it anticipates that 2015 consolidated CASM, excluding fuel and third-party business expense, will be approximately flat.
09:16 EDTUALOn The Fly: Pre-market Movers
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07:34 EDTUALUnited Continental reports 2014 consolidated PRASM up 1.6%
Full-year 2014 consolidated unit costs, excluding special charges, third-party business expenses, fuel and profit sharing, increased 1.3% year-over-year on a consolidated capacity increase of 0.3%. Full-year 2014 CASM, including those items, decreased 1.6% year-over-year. Consolidated revenue passenger miles increased 0.1% and consolidated available seat miles increased 0.9% year-over-year for the fourth quarter, resulting in a fourth-quarter consolidated load factor of 81.7%. Fourth-quarter 2014 consolidated PRASM increased 0.4% and consolidated yield increased 1.3% compared to the fourth quarter of 2013.
07:32 EDTUALUnited Continental reports Q4 EPS excl items $1.20, consensus $1.22
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January 21, 2015
15:27 EDTUALNotable companies reporting before tomorrow's open
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14:27 EDTUALUnited Continental volatility elevated into Q4 and outlook
United Continental January weekly call option implied volatility is at 90, February is at 52, March is at 49; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q4 on January 22.
10:01 EDTELOn The Fly: Analyst Downgrade Summary
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08:07 EDTXRXXerox, Thinfilm announce strategic partnership
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06:23 EDTUALUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
06:07 EDTELEstee Lauder downgraded to Neutral from Buy at Citigroup
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January 20, 2015
06:39 EDTUALU.S. airlines may buy back shares amid cheap oil, WSJ reports
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January 15, 2015
10:37 EDTELKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:06 EDTUALUnited Continental sees special charges of $226M in Q4
The company said in a filing that it expects to record special charges of $226M, or $232M before income taxes, for Q4. he company recorded $141M of costs related primarily to a voluntary early-out program for its flight attendants. More than 2,500 participants elected a one-time opportunity to voluntarily separate from the company and will receive a severance payment, with a maximum value of $100,000 per participant, based on years of service, with retirement dates from Nov. 30, 2014 through the end of 2015. The company will record additional expense associated with this program through 2015 over the remaining required service periods. The company recorded a charge of $16M related to its annual assessment of impairment of its indefinite-lived intangible assets. On Oct. 10, 2014, United used cash to retire, at par, the entire $248M principal balance of the 6% Convertible Junior Subordinated Debentures and the 6% Convertible Preferred Securities, Term Income Deferrable Equity Securities. The $53M expense is primarily associated with the write off of non-cash debt discounts recorded on the TIDES due to purchase accounting during the merger with Continental Airlines in 2010.
08:20 EDTUALUnited Continental upgraded to Neutral from Underperform at BofA/Merrill
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08:03 EDTXRXKofax announcse global partnership with Xerox
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