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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:04 EDTFEYE, MFRM, LUK, SBGI, ECYTHigh option volume stocks: FEYE MFRM LUK SBGI ECYT
News For FEYE;MFRM;LUK;SBGI;ECYT From The Last 14 Days
Check below for free stories on FEYE;MFRM;LUK;SBGI;ECYT the last two weeks.
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September 9, 2014
10:10 EDTECYTOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
September 8, 2014
16:06 EDTECYTEndocyte initiated with a Buy at Cantor
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10:25 EDTLUKHigh option volume stocks:
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10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:12 EDTFEYEOn The Fly: Pre-market Movers
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06:31 EDTFEYEFireEye upgraded to Buy from Neutral at UBS
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September 5, 2014
16:45 EDTMFRMMarket ends week little changed after mixed economic data
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September 4, 2014
16:24 EDTMFRMOn The Fly: Closing Wrap
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12:34 EDTMFRMOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory after the ECB lowered its benchmark interest rate and took additional measures in an attempt to stimulate the region’s economy. The averages had some early momentum, but found a level about an hour into trading around which they have since traded in a narrow range. ECONOMIC EVENTS: In the U.S., payroll provider ADP estimated private sector employment increased by 204K jobs in August, which was below the consensus forecast for 215K private sector jobs to have been added. Initial jobless claims rose 4K to 302K in the week ended August 30, which was close to the 300K estimate. The trade deficit narrowed slightly to $40.5B in July, beating expectations for a deficit of $42.5B. Second quarter nonfarm productivity growth was revised lower to 2.3% versus the 2.5% pace reported initially. Unit labor costs were revised down to a decrease of 0.1% from a rise of 0.6% estimated previously. Markit's services PMI for August came in at 59.5, versus a consensus forecast of 58.5. ISM's non-manufacturing PMI for August had a reading of 59.6, easily topping the 57.7 consensus estimate. In Europe, the European Central Bank unexpectedly cut the rate at which it issues short-term loans to banks to 0.05% from 0.15% and lowered its growth forecasts for 2014 and 2015. The ECB also announced plans to buy asset-backed securities, which the central bank's president Mario Draghi said will have a “sizable” impact on its balance sheet without providing further details on the size of the planned purchases. COMPANY NEWS: Shares of oil major BP (BP) trading in New York fell about 6% after a federal judge ruled that the company acted with "gross negligence" in causing the Gulf of Mexico spill in 2010 that was the biggest offshore oil spill in U.S. history. U.S. District Judge Carl Barbier, who held a trial without a jury over who was at fault, also found Transocean (RIG) and Halliburton (HAL) "negligent," but rested much more of the blame on BP, with 67% of the liability assigned to BP, 30% to Transocean and 3% to Halliburton. Afterward, BP said it "strongly disagrees" with the decision and will immediately appeal. MAJOR MOVERS: Among the notable gainers following their earnings reports were Mattress Firm (MFRM), which rose 12%, and Methode Electronics (MEI), which gained 16%. Also higher was Bolt Technology (BOLT), which surged 36% after the company agreed to be acquired by Teledyne Technologies (TDY) for $22.00 per share in cash. Shares of Teledyne advanced nearly 2% following last night's deal announcement. Among the noteworthy losers was Matrix Service (MTRX), which dropped 21% after its earnings for the just completed quarter and its profit forecast for its new fiscal year fell short of analysts' expectations. Also lower following their earnings reports were Ciena (CIEN), which fell over 7%, and Shoe Carnival (SCVL), which dropped more than 10%. INDEXES: Near midday, the Dow was up 43.83, or 0.26%, to 17,122.11, the Nasdaq was up 15.15, or 0.33%, to 4,587.71, and the S&P 500 was up 5.23, or 0.26%, to 2,005.95.
09:25 EDTMFRMMattress Firm says 'loves' doing tuck-in acquisitions
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08:56 EDTMFRMMattress Firm says traffic trends 'choppy'
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07:08 EDTMFRMMattress Firm sees $200M in annual run rate synergies by FY17
Due to company's acquisition of Sleep Train, Mattress Firm expects an estimated $200M in annual run rate synergies by FY17.
07:06 EDTMFRMMattress Firm reports Q2 adjusted EPS 61c, consensus 60c
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07:04 EDTMFRMMattress Firm acquires Sleep Train equity interests for $425M
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September 3, 2014
15:29 EDTMFRMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Joy Global (JOY), consensus 84c; VeriFone Systems (PAY), consensus 35c; Ciena (CIEN), consensus 29c; Mattress Firm (MFRM), consensus 60c; Methode Electronics (MEI), consensus 40c; UTi Worldwide (UTIW), consensus 1c.
11:31 EDTFEYEStocks with call strike movement; FEYE SPLK
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10:40 EDTFEYEAnalyst sees security 'spending frenzy' amid high-profile hacks
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09:54 EDTSBGISinclair Broadcast acquisition in Las Vegas a positive, says Wells Fargo
Wells Fargo says that with today's announcement, Sinclair Broadcast is gaining a Big-4 affiliation in Las Vegas while still keeping programming for its other two networks. The firm views the move as a "great deal at a great price" and keeps an Outperform rating on the stock.
08:33 EDTSBGISinclair Broadcast to acquire KSNV in Las Vegas for $120M
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06:44 EDTFEYESecurity market demand 'rapidly' improving, says Piper Jaffray
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