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Stock Market & Financial Investment News

News Breaks
November 15, 2012
03:37 EDTABX, POT, JCP, EW, RGC, IAG, NTI, HD, NOG, SI, MOS, HCLPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Edwards Lifesciences (EW) downgraded to Sell from Neutral at UBS... Hi-Crush Partners (HCLP) downgraded to Neutral from Outperform at RW Baird... Home Depot (HD) downgraded to Market Perform from Outperform at Raymond James... J.C. Penney (JCP) downgraded to Neutral from Overweight at JPMorgan... Mosaic (MOS) downgraded to Hold from Buy at Canaccord... Northern Tier (NTI) downgraded to Hold from Buy at Deutsche Bank... Potash (POT) downgraded to Hold from Buy at Canaccord... Siemens (SI) downgraded to Sector Perform from Outperform at RBC Capital... IAMGOLD (IAG) downgraded to Neutral from Outperform at Macquarie... Barrick Gold (ABX) downgraded to Hold from Buy at Argus... Northern Oil and Gas (NOG) downgraded to Neutral from Add at Capitol One... Regal Entertainment (RGC) downgraded to Average from Above Average at Caris.
News For EW;HCLP;HD;JCP;MOS;NTI;POT;SI;IAG;ABX;NOG;RGC From The Last 14 Days
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July 23, 2015
17:12 EDTABXBarrick Gold completes divestiture of Cowal mine
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10:30 EDTABXOptions with increasing implied volatility
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July 22, 2015
14:37 EDTHDHome improvement stocks rally after Owens Corning results, home sales data
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10:26 EDTABXOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE LNCO CNX ABX GG GDX
10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
09:09 EDTHCLPHi-Crush Partners weakness could be excellent buying opportunity, says Cowen
Cowen noted Hi Crush Partners cut its Q2 cash distribution guidance, implying a $10 yield for the remainder of 2015. The firm feels any industry stabilization and recovery could make the stock's current valuation an excellent buying opportunity. Cowen maintained its Outperform rating and $36 price target on Hi-Crush shares.
09:09 EDTHCLPHi-Crush Partners sees capital expenditures of $10M-$15M in rest of 2015
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09:07 EDTHCLPHi-Crush Partners cuts distribution to 47.5c from 67.5c per unit
Hi-Crush Partners announced last night that the board of its general partner has declared a cash distribution of 47.5c per unit on all common and subordinated units. Hi-Crush paid distributions of $2.40 per unit on all common and subordinated units for 2014 and $0.675 per unit for the first quarter 2015. The distribution will be paid on August 14 to all common and subordinated unit holders of record on August 5. "Market conditions resulting from reduced industry sand demand and pricing worsened this quarter with further price reductions and even lower demand. Our management team, along with the Board of Directors, determined that a reduction to the quarterly cash distribution was prudent as we do not expect a rebound in sand demand or pricing until 2016. We are expecting the remainder of 2015 to be challenging with continued uncertainty in the level of well completion activity, which is a key driver of sand demand. We expect to maintain the distribution at this level for the remainder of 2015," said Laura Fulton, CFO.
08:38 EDTJCPNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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08:26 EDTPOTK+S preparing for possible hostile bid from Potash, Wirtschaftswoche reports
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08:21 EDTHDHome Depot agrees to acquire Interline Brands for $1.63B
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08:09 EDTJCPJ.C. Penney upgraded to Buy from Neutral at Buckingham
Buckingham upgraded J.C. Penney to Buy and increased its price target to $12 from $9. The firm believes 2H comps could accelerate as initiatives take hold and has increased confidence it the company's ability to hit its 2017 EBITDA target of $1.2B. Buckingham believes FY15 sales comp guidance of 4%-5% is achievable and sees continued gross margin improvement and reduced SG&A levels.
July 21, 2015
13:14 EDTPOTK+S says new Potash offer not enough for takeover talks, Reuters says
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10:31 EDTABXOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM
July 20, 2015
13:08 EDTABXBarrick Gold 30-day call volatility spikes
Barrick Gold 30-day call volatility is at 55, compared to a one-month ago level of 39.
12:08 EDTABXOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
07:09 EDTIAGIAMGOLD provides update on Boto Project in Senegal
IAMGOLD Corporation announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The company is reporting assay results from the final 26 infill diamond drill holes totaling 7,782 metres out of the 12,416 metres completed during the 2015 delineation drilling program. The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Mali border. The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven kilometre strike length of the Senegal-Mali Shear Zone.The project hosts an indicated resource of 22.8 million tonnes averaging 1.7 grams of gold per tonne for 1.23 million ounces and an inferred resource of 10.96 million tonnes averaging 1.8 grams of gold per tonne for 635,000 ounces. A significant percentage of the total resources are derived from the newly discovered Malikoundi deposit which is the largest deposit discovered to date on the property. The company has completed its planned 50x50 metre infill delineation drilling campaign initiated in 2014 with the completion of the 12,416 metres of diamond drilling in 2015 and the final assay results are being incorporated into a revised resource model which will allow completion of an updated resource estimate anticipated in the third quarter. In addition, metallurgical composite samples were prepared from selected core samples and have been forwarded to Canada for further metallurgical test work in the third quarter 2015.
06:49 EDTHDDeutsche goes below consensus on Home Depot, Lowe's
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July 17, 2015
15:43 EDTPOTPotash sees global potash shipments in 2015 to decline slightly
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05:53 EDTIAGStocks with implied volatility movement; IAG MU
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