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Stock Market & Financial Investment News

News Breaks
June 5, 2013
07:55 EDTFLS, FLS, AGCO, AGCO, RKT, RKT, PWR, PWR, GNRC, GNRC, JOY, JOY, UFS, UFS, XYL, XYL, BLL, BLLJPMorgan to host a conference
8th Annual Diversified Industries Conference is being held in New York on June 4-5 with webcasted company presentations to begin on June 5 at 8 am; not all company presentations may be webcasted. Webcast Link
News For FLS;AGCO;RKT;PWR;GNRC;JOY;UFS;XYL;BLL From The Last 14 Days
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January 26, 2015
15:02 EDTGNRCGenerac volatility elevated into Q4 and outlook
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12:23 EDTRKTOn The Fly: Midday Wrap
Stocks on Wall Street opened lower and hit their session lows a short time after the opening bell rang. In addition to some jitters about a vote in Greece, investors were focused on the massive impending winter storm set to hit the Northeast. With weather pundits expecting the snowfall in feet rather than inches, a number of companies have already rescheduled their earnings announcements. The market was mixed at midday, with the Dow and Nasdaq a bit lower and the S&P up fractionally. ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing index fell 8.5 points to -4.4 in January, versus the consensus forecast for a reading of 4.0. In Europe, Greece's far-left Syriza party swept to power, renewing concerns about the country's future as a member of the Eurozone. COMPANY NEWS: Today was a "merger Monday," with at least four deals worth more than $1B announced. Energy Transfer Partners (ETP) announced plans to acquire Regency Energy Partners (RGP) in an $18B unit-for-unit transaction that includes assuming $6.8B of net debt and other liabilities. Rock-Tenn (RKT) and MeadWestvaco (MWV) agreed to merge to create a consumer and corrugated packaging company with a combined equity value of $16B. Under the terms of the deal, the resulting ownership of the new company will be approximately 50.1% by MWV shareholders and 49.9% by RockTenn shareholders. AXIS Capital (AXS) and PartnerRe (PRE) announced a "merger of equals" that will create a specialty insurance and reinsurance company with total capital of more than $14B and cash and invested assets of more than $33B. Additionally, cereal maker Post Holdings (POST) agreed to pay $1.15B in cash and stock to buy privately-held MOM Brands, which makes Malt-O-Meal and other breakfast products. MAJOR MOVERS: Among the notable gainers was Universal Display (OLED), which gained 11% after the company announced the signing of a new OLED technology license agreement and material purchase pact with LG Display (LPL). Also higher was Ocwen Financial (OCN), which rose 17% after the California Department of Business Oversight announced a $2.5M settlement with Ocwen Loan Servicing on Friday evening over the firmís failure for more than a year to provide loan information needed by the DBO to assess compliance with state mortgage lending laws. Also of note, Ocwen denied any basis for default under trust agreements that had been alleged by certain hedge funds and other RMBS investors to trustees and master servicers in connection with 119 RMBS trusts, which are serviced by Ocwen. Among the noteworthy losers was Brookdale Senior Living (BKD), which dropped 8% after the company lowered its forecast for FY15 Cash From Facility Operations, citing a combination of lower than expected occupancy and certain higher-than-anticipated insurance reserve adjustments. Also lower following its earnings reports was hard disk-drive maker Seagate (STX), which fell about 9%. INDEXES: Near midday, the Dow was down 1.41, or 0.01%, to 17,671.19, the Nasdaq was down 4.02, or 0.08%, to 4,753.86, and the S&P 500 was up 2.34, or 0.11%, to 2,054.16.
10:24 EDTGNRCGenerac, Douglas Dynamics among stocks to watch as storm slams Northeast
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09:52 EDTGNRCGenerac, PowerSecure rise amid blizzard in Northeast
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09:19 EDTRKTOn The Fly: Pre-market Movers
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08:15 EDTRKTMeadWestvaco to hold a conference call
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06:03 EDTRKTRockTenn and MeadWestvaco agree to combination agreement
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06:01 EDTRKTRockTenn, MeadWestvaco to combine in transaction with combined equity of $16B
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05:56 EDTRKTRockTenn reports Q1 adjusted EPS 96c, consensus 90c
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January 23, 2015
08:19 EDTUFS, RKTBofA/Merrill paper/forest products analyst hold analyst/industry conference call
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January 22, 2015
14:47 EDTAGCOAGCO raises quarterly dividend to 12c from 11c per share
Payment will be made on March 16 to all stockholders of record as of the close of business on February 16.
10:03 EDTFLSOn the Fly: Analyst Downgrade Summary
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10:03 EDTJOYOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
08:01 EDTFLSFlowserve downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Flowserve to Neutral from Buy. The firm downgraded shares to reflect weaker bookings and sales growth due to oil and gas headwinds. Price target lowered to $61 from $72.
07:05 EDTFLSFlowserve downgraded to Neutral from Buy at BofA/Merrill
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06:33 EDTFLSFlowserve downgraded to Neutral from Outperform at RW Baird
January 21, 2015
16:26 EDTJOYJoy Global upgraded to Outperform from Market Perform at BMO Capital
January 20, 2015
05:51 EDTBLLU.S. Paper & Packaging sector raiseed to Positive at Barclays
Barclays upgraded the U.S. Paper & Packaging sector to Positive from Neutral saying stocks in the space offer investors an attractive alternative in 2015 due to improving demand and input cost reductions. The firm calls Containerboard its preferred subsector, and recommends a long position in Crown Holdings (CCK) versus Ball Corp. (BLL). The firm downgraded the latter to Equal Weight from Overweight. Barclays also upgraded to Overweight shares of Avery Dennison (AVY). It calls Berry Plastics (BERY) a top pick.
05:40 EDTBLLBall Corp. downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Ball Corp. to Equal Weight citing a lack of earnings momentum. The firm dropped its price target for shares to $59 from $66.
January 18, 2015
17:03 EDTFLSFlowserve should benefit when oil prices stabilize, Barron's says
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