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Stock Market & Financial Investment News

News Breaks
March 11, 2013
10:11 EDTEMC, UPS, CLNE, EPL, PBI, WDC, STX, OCZ, NTAP, MMLP, JAZZ, INSM, FIO, CNOBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: EMC (EMC) initiated with a Buy at Longbow... Fusion-io (FIO) initiated with a Neutral at Longbow... Insmed (INSM) initiated with an Outperform at Leerink... Jazz Pharmaceuticals (JAZZ) initiated with a Buy at Cantor... Martin Midstream Partners (MMLP) resumed with a Market Perform at Wells Fargo... NetApp (NTAP) initiated with a Neutral at Longbow... OCZ Technology (OCZ) initiated with a Neutral at Longbow... Seagate (STX) initiated with a Neutral at Longbow... Western Digital (WDC) initiated with a Neutral at Longbow... Pitney Bowes (PBI) initiated with a Buy at Sidoti... Clean Energy (CLNE) initiated with a Buy at Ascendiant Capital... Energy Partners (EPL) initiated with an Outperform at Howard Weil... UPS (UPS) coverage resumed with an Equal Weight at Morgan Stanley... ConnectOne Bancorp (CNOB) initiated with an Outperform at Keefe Bruyette.
News For EMC;FIO;INSM;JAZZ;MMLP;NTAP;OCZ;STX;WDC;PBI;EPL;CLNE;UPS;CNOB From The Last 14 Days
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June 19, 2013
07:23 EDTINSMInsmed's July volatility elevated at 164 into Phase III (CLEAR 108) data
Insmed's June call option implied volatility is at 123, July is at 164, August is at 153, November is at 123; compared to its 26-week average of 106 according to Track Data, suggesting large price movement into top line data due in the next month from INSM’s Phase III (CLEAR 108) for Arikace.
07:06 EDTEPLEPL Oil & Gas to move corporate headquarters to Houston
EPL Oil & Gas announced that it has relocated its corporate headquarters from New Orleans, Louisiana to 919 Milam Street, Suite 1600, Houston, Texas 77002. EPL has recently doubled its operations in part by augmenting its geoscience and engineering teams in Houston, while keeping its accounting and production teams in New Orleans. To support the company's growth, a small number of employees relocated to Houston. The company recently experienced a 66% employee-base increase over an 18-month period, an outcome EPL management attributes to a tremendous period of double-digit growth.
06:03 EDTNTAPNetApp implied volatility at lower end of index mean range
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June 18, 2013
10:01 EDTINSMOn The Fly: Analyst Initiation Summary
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08:51 EDTNTAPNetApp price target raised to $48 from $41 at Pacific Crest
Pacific Crest increased its price target on NetApp as the firm thinks the company's new products could help it benefit from a potential rebound in storage fundamentals next year. The firm keeps a Buy rating on NetApp.
07:19 EDTUPSEyefortransport to hold a summit
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07:18 EDTFIOFusion-io volatility elevated into another co-founder leaving board
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06:57 EDTFIOFusion-io initiated with a Buy at Needham
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06:36 EDTINSMInsmed initiated with a Buy at UBS
Target $17.50.
06:24 EDTFIOFusion-io says David Flynn resigned from board
Fusion-io disclosed last night that David Flynn resigned from its board effective immediately. Flynn's resignation was not related to any issues regarding the integrity of the company’s financial statements, Fusion-io stated.
June 17, 2013
15:17 EDTINSMInsmed's volatility elevated into Phase III (CLEAR 108) data
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14:21 EDTINSMLeerink's biotech analyst holds analyst/industry conference call
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10:32 EDTUPSUPS management to meet with BB&T
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07:18 EDTFIOFusion-io FY14 revenue estimate cut below Street at Piper Jaffray
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June 13, 2013
09:09 EDTEMCEMC upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded EMC with a $30 price target on expectations storage industry fundamentals could bottom in 2013.
07:47 EDTWDC, STXSeagate and Western Digital price targets raised at Brean Capital
Brean Capital raised its price targets on both Seagate (STX) and Western Digital (WDC) citing free cash flow and gross margin stability. The firm favors Western Digital based on valuation and potential for greater incremental catalysts and raised its price target to $85 from $65. Seagate price target was raised to $54 from $43. Both are Buy rated.
06:03 EDTUPSFedEx to fight U.S. in online pharmacy investigation, Bloomberg reports
FedEx Corp. (FDX) said it will fight any charges that may result from a federal investigation into drug shipments by illegal online pharmacies, bucking both government investigators and rival United Parcel Service (UPS) which settled similar allegations, reports Bloomberg. Reference Link
05:59 EDTNTAPNetApp implied volatility at lower end of index mean range
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June 12, 2013
19:25 EDTNTAPNetApp executives sell near high, Barron's says
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10:14 EDTEMCOn the Fly: Upgrade Summary
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