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Stock Market & Financial Investment News

News Breaks
December 5, 2012
08:27 EDTPXP, EXXI, MMR, CIE, FCXFreeport close to buying McMoRan Exploration, Plains, WSJ reports
Freeport-McMoRan (FCX) is near a deal to acquire McMoRan Exploration (MMR) and Plains Exploration & Production (PXP), Wall Street Journal reports, citing people familiar with the matter. The combined price for both companies could be close to $20B, including debt, one of the people told the Journal. A deal could be announced today, the reported added. Recall that overnight, Financial Times reported that Freeport-McMoRan plans to acquire two big oil and gas companies. Other names with oil and gas exposure trading higher following the reports include Cobalt (CIE) and Energy XXI (EXXI).
News For FCX;MMR;PXP;CIE;EXXI From The Last 14 Days
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December 18, 2014
09:38 EDTEXXIEnergy XXI assets attracting interest from many companies, Upstream says
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December 16, 2014
11:05 EDTFCXMorgan Stanley sees a short-term trading opportunity in Freeport McMoRan
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December 15, 2014
10:00 EDTCIEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
05:43 EDTCIECobalt downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Cobalt International Energy to Neutral saying reduced crude oil prices lowers the value of the company's deepwater exploration. The firm dropped its price target for shares to $9 from $13.
December 10, 2014
10:33 EDTCIEOptions with increasing implied volatility
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December 8, 2014
10:00 EDTCIEOn The Fly: Analyst Downgrade Summary
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09:33 EDTEXXIEnergy XXI downgraded to Market Perform from Outperform at BMO Capital
06:14 EDTCIECobalt downgraded to Neutral from Buy at Citigroup
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