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Stock Market & Financial Investment News

News Breaks
January 4, 2013
12:29 EDTMOS, POT, AGU, SCTY, HNR, ARAY, CSTR, FINLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after the monthly jobs report was roughly in-line with forecasts and a measure of growth in the services sector beat expectations. The averages began the session in quiet fashion in what looked like the start of a day of market consolidation after the big advances seen Monday and Wednesday. Yesterday's pullback, triggered by the release of the minutes from the Fed's last meeting, may turn out to be the week's only down day if the current levels hold into the closing bell... ECONOMIC EVENTS: In the U.S., the Labor Department said employers added 155,000 jobs in December, which was about in-line with estimates and near the average pace of job growth over the last year. The unemployment rate for November was upwardly revised to 7.8% and the Labor Department said the 7.8% rate carried over to December as well. Factory orders were flat in November, versus expectations for them to increase 0.4%. The December ISM non-manufacturing index, which measures services sector expansion or contraction, came in at 56.1, versus expectations for a 54.1 reading. Reports from the Energy Information Administration showed inventories of crude oil and natural gas both drew down more than expected last week... COMPANY NEWS: Shares of Mosaic (MOS) advanced over 2.5% following its report of better than expected earnings and its peers in the fertilizer industry, including Potash (POT) and Agrium (AGU), rose in concert... Conversely, Finish Line (FINL) reported a break-even quarter, disappointing the Street and prompting downgrades at Northland Securities and Bank of America Merrill Lynch. Finish Line shares slid nearly 6%... MAJOR MOVERS: Among the notable gainers was recent IPO SolarCity (SCTY), which rose over 16% after it gave guidance for its expected growth in deployments this year. Also higher were shares of Harvest Natural Resources (HNR), up 12% after it announced a new oil discovery in West Africa. Among the noteworthy losers were Accuray (ARAY), down 20% following a downgrade to Underweight at JPMorgan after the company's negative Q2 pre-announcement, and Coinstar (CSTR), down over 5% after its CEO announced plan to retire in March... INDICES: Near noon, the Dow was up 15.88, or 0.12%, to 13,407.24; the Nasdaq was up 3.49, or 0.11%, to 3,104.06; and the S&P 500 was up 4.12, or 0.28%, to 1,463.49.
News For FINL;MOS;POT;AGU;SCTY;HNR;ARAY;CSTR From The Last 14 Days
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October 29, 2014
11:58 EDTAGUAgrium to host investor day
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07:16 EDTMOSMosaic volatility elevated into Q3 and outlook
Mosaic October weekly call option implied volatility is at 46, November is at 25, December is at 21, January is at 25; compares to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 30.
October 27, 2014
11:12 EDTSCTYVivint Solar advances after upbeat initiations of coverage
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October 24, 2014
10:03 EDTPOTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
08:35 EDTPOTPotash upgraded to Buy from Hold at TD Securities
06:07 EDTAGUValueAct reports 5.7% activist stake in Agrium
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October 23, 2014
10:22 EDTMOSMosaic upgraded to Buy from Hold at Standpoint Research
06:08 EDTPOTPotash sees 'strong customer engagement' in Q4
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06:07 EDTPOTPotash sees 2014 EPS $1.75-$1.85 vs. previous $1.70-$1.90
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06:05 EDTPOTPotash reports Q3 EPS 38c, consensus 42c
Reports Q3 revenue $1.64B, consensus $1.53B. The company said, "Although potash and nitrogen performance improved over last year's third quarter, higher tax expenses and weaker contributions from offshore equity investments weighed on results." Potash said sales volumes continued to outpace prior-year levels, with total shipments of 2.0M tonnes for Q3 and 6.8M tonnes for the first nine months exceeding the comparative periods by 29% and 8%, respectively.
October 22, 2014
14:05 EDTPOTEarnings Preview: Potash sees Q3 earnings per share 35c-45c
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09:53 EDTSCTYCredit Suisse Events at Solar Power International
Credit Suisse holds meetings in Las Vegas in conjunction with the Solar Power International Conference include ENPH, TSL, CSIQ, SCTY, JASO, HSOL and STRI on October 22.
October 21, 2014
07:32 EDTFINLFinish Line names Samuel Sato as president
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October 20, 2014
11:05 EDTSCTYSolarCity appoints Jonathan Beamer as Chief Marketing Officer
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09:32 EDTMOSMosaic upgraded to Outperform from Sector Perform at Scotia Capital
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08:58 EDTMOSPartnerRe to provide $100M financing for Mosaic's home solar loan program
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08:11 EDTFINLFinish Line management to meet with Deutsche Bank
Meeting to be held in New York on October 20 hosted by Deutsche Bank.
07:19 EDTSCTYJPMorgan says recent sell-off in solar space unjustified
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07:12 EDTARAYCongress of Neurological Surgeons to hold annual meeting
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October 16, 2014
14:13 EDTPOT, MOS, AGUU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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