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Stock Market & Financial Investment News

News Breaks
February 26, 2013
2013 SMID 1:1 Symposium is being held in Boston on February 26-27.
News For ENV;LSCC;NFP;RTEC;ACLS;LII;NCS From The Last 14 Days
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November 30, 2015
10:00 EDTLSCCHigh option volume stocks: ASNA AMRN BLOX LSCC VHC
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November 27, 2015
10:10 EDTLSCCHigh option volume stocks: LSCC OLED IPG
November 25, 2015
10:04 EDTLIIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Carnival (CCL) initiated with a Buy at HSBC... Diversified Restaurant (SAUC) initiated with a Neutral at Citi... Lennox (LII) initiated with a Hold at Stifel... Lindblad Expeditions (LIND) initiated with a Buy at Citi... (NTES) initiated with a Buy at Goldman... Noodles & Company (NDLS) initiated with a Buy at Citi... NuStar GP Holdings (NSH) initiated with an Equal Weight at Barclays... Regal-Beloit (RBC) initiated with a Hold at Stifel... Roper Technologies (ROP) initiated with a Buy at Stifel... Ruth's Hospitality (RUTH) initiated with a Neutral at Citi... SPX FLOW (FLOW) initiated with an Equal Weight at Morgan Stanley... SemGroup (SEMG) initiated with an Overweight at Barclays... Verifone (PAY) initiated with an Overweight at Piper Jaffray... Watsco (WSO) initiated with a Buy at Stifel.
06:46 EDTLIILennox initiated with a Hold at Stifel
November 20, 2015
11:13 EDTRTECIntel, semi equipment stocks rise following chip giant's guidance
Intel (INTC) is climbing after the chip maker said at its analyst day meeting yesterday that it expects its revenue to grow by a mid-single digit percentage in fiscal 2016, up from a decline of 1% this year. On the heels of yesterday's meeting, research firm JMP Securities upgraded its rating on the stock to Outperform, saying that the company's margins and revenue are poised to climb next year. WHAT'S NEW: After conducting checks at a trade show and investor event, JMP Securities analyst Alex Gauna wrote that Intel's outlook in the cloud has improved, while its execution risk has dropped. Discussing Intel's outlook in the server chip market, Gauna wrote that the tech giant "has made significant strides" with its Xeon, Xeon Phi and Atom chips, even as rival ARM-based servers are growing more slowly than expected. Moreover, Intel is benefiting from the strong performance of its 2-in-1 notebooks, data center offerings, and enterprise PCs, Gauna reported. He believes that the chip maker's earnings are bottoming, while its revenue and margins are poised to rebound next year. Gauna raised his fiscal 2016 earnings per share estimate for the company to $2.45 from $2.10. Analysts' consensus estimate is $2.35. Gauna set a $45 price target on Intel. WHAT'S NOTABLE: Noting that Intel had predicted that its capital spending would jump 37% in 2016, KeyBanc said that this news is positive for semiconductor equipment stocks. According to the firm, Applied Materials (AMAT), Lam Research (LRCX) and Nanometrics (NANO) all have high exposure to Intel. It recommended that investors buy those stocks. PRICE ACTION: In late morning trading, Intel advanced 2% to $35, while Applied Materials rose fractionally, Lam Research gained 0.8%, Nanometrics added 1.7% and Rudolph Technologies (RTEC) jumped 4%.
November 19, 2015
14:27 EDTENVEnvestnet completes acquisition of Yodlee
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10:00 EDTLIIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded to Neutral from Accumulate at Seaport Global... Bloomin' Brands (BLMN) downgraded to Buy from Conviction Buy at Goldman... Brinker (EAT) downgraded to Neutral from Buy at Goldman... Civitas Solutions (CIVI) downgraded to Outperform from Strong Buy at Raymond James... Columbia Sportswear (COLM) downgraded on a more cautious outloook at BofA/Merrill... Fairchild (FCS) downgraded to Neutral from Buy at Citi... Lennox (LII) downgraded to Neutral from Buy at Longbow... Newfield Exploration (NFX) downgraded to Neutral from Buy at Goldman... Regis (RGS) downgraded to Neutral from Overweight at Piper Jaffray... Synergy Resources (SYRG) downgraded to Accumulate from Buy at KLR Group... Titan International (TWI) downgraded to Sell from Neutral at Goldman... eLong (LONG) downgraded to Hold from Buy at Brean Capital.
08:18 EDTLIILennox downgraded to Neutral on valuation at Longbow
As previously reported, Longbow downgraded Lennox to Neutral from Buy. Analyst Chris Dankert downgraded shares due to valuation and would use any retrenchment in shares as a potential buying opportunity.
07:32 EDTENVEnvestnet, Yodlee complete calculation of per share cash, stock consideration
Envestnet (ENV) and Yodlee, Inc. (YDLE) announced that they have completed the calculation of the per share cash consideration and per share stock consideration applicable to Envestnet's acquisition of Yodlee. The acquisition was originally announced on August 10, 2015. As a result of the final calculation of Envestnet's volume weighted average sales price per share for the ten full trading days ending on and including November 17, 2015, the date that is the second full trading day prior to the anticipated closing of the Yodlee acquisition, changes in the capitalization of Envestnet and Yodlee since the announcement of the acquisition and taking into account the tax withholding and net share settlement procedures applicable to employee equity awards in the acquisition, the amount of cash and fraction of a share of Envestnet common stock that Envestnet will issue in exchange for each share of Yodlee common stock in the acquisition is: Per share cash consideration is $11.51, per share stock consideration is 0.1889; aggregate value for shares of Yodlee common stock is $17.49. A special meeting of Yodlee stockholders is scheduled to take place on November 19, 2015 at 10:00 a.m. California time.
05:54 EDTLIILennox downgraded to Neutral from Buy at Longbow
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November 17, 2015
10:12 EDTENVEnvestnet management to meet with JMP Securities
Meeting to be held in Los Angeles on November 17 hosted by JMP Securities.

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