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Stock Market & Financial Investment News

News Breaks
April 8, 2013
10:00 EDTFMC, PWR, VALE, WCC, SCCO, FNFG, JNPR, NBL, COG, SWN, NOC, MTG, RBCN, QEP, LDR, WLL, FLEXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: First Niagara (FNFG) upgraded to Equal Weight from Underweight at Evercore... Flextronics (FLEX) upgraded to Outperform from Sector Perform at RBC Capital... Northrop Grumman (NOC) upgraded to Neutral from Underweight at JPMorgan... Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan... WESCO (WCC) upgraded to Buy from Neutral at Longbow... Whiting Petroleum (WLL) upgraded to Overweight from Neutral at JPMorgan... Landauer (LDR) upgraded to Buy from Neutral at Hilliard Lyons... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... Cabot Oil & Gas (COG) upgraded to Outperform from Market Perform at Raymond James... QEP Resources (QEP) upgraded to Outperform from Market Perform at Raymond James... Vale (VALE) upgraded to Buy from Hold at Canaccord... Noble Energy (NBL) upgraded to Focus List from Overweight at Johnson Rice... Quanta Services (PWR) upgraded to Buy from Neutral at DA Davidson... Rubicon (RBCN) upgraded to Buy from Neutral at Sterne Agee... Juniper (JNPR) upgraded to Buy from Hold at Argus... MGIC Investment (MTG) upgraded to Neutral from Underperform at Macquarie... FMC Corporation (FMC) upgraded to Outperform from Neutral at Macquarie.
News For FNFG;FLEX;NOC;SCCO;WLL;SWN;WCC;LDR;COG;VALE;QEP;NBL;PWR;RBCN;JNPR;FMC;MTG From The Last 14 Days
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May 15, 2015
16:21 EDTNBLStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
11:08 EDTCOGOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
07:09 EDTWLLHayman Capital gives quarterly update on stakes
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May 14, 2015
11:52 EDTWLLWhiting Petroleum downgraded to Neutral from Buy at Tigress Financial
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07:58 EDTWLLShale producers prepared to ramp production back up, WSJ says
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May 13, 2015
14:16 EDTNBLIsrael considering exempting Jordan gas shipments from quota, Globes says
The Israeli government is considering excluding natural gas shipments to Jordan from the Israeli gas export quota, according to Globes. Since Noble Energy and its partners in Israel's gas fields have signed a $15B, 15 year deal to supply natural gas to Jordan, the measure would effectively enable the consortium to export more gas, the newspaper noted. Reference Link
13:43 EDTFLEXAlcatel-Lucent, Flextronics sign LOI for sale of Trieste optical transport plant
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10:01 EDTVALEOn The Fly: Analyst Downgrade Summary
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07:32 EDTFLEXCLSA to hold a conference
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07:25 EDTPWRUBS to hold a tour
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06:39 EDTSCCOSouthern Copper discloses statement from Peruvian branch regarding allegations
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06:20 EDTVALEVale downgraded to Neutral from Outperform at Macquarie
06:09 EDTVALEVale implied volatility of 65 at upper end of index
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May 12, 2015
16:01 EDTSWNOptions Update; May 12, 2015
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10:01 EDTJNPROn The Fly: Analyst Upgrade Summary
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08:50 EDTMTGMGIC Investment management to meet with MKM Partners
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08:07 EDTNOCNorthrop Grumman wins contract to provide forensic, biometric capability in UK
Northrop Grumman has been awarded a GBP 28.8M contract by the United Kingdom Home Office to provide service and systems operations and maintenance to the Forensic and Biometric Interim Capability, otherwise known as FABrIC. Under the two-year FABrIC contract, a recompete of IDENT1, Northrop Grumman will maintain and enhance the IDENT1 core software. IDENT1 provides identity management and crime scene forensic systems, which use fingerprints to provide the principal means of forensically verifying or resolving identities in the United Kingdom for law enforcement. It is a bespoke service that is a critical part of the national infrastructure for policing.
08:04 EDTCOGCitigroup to hold a conference
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07:24 EDTJNPRJuniper upgraded to Buy on new product cycles at BofA/Merrill
As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.
06:19 EDTJNPRJuniper upgraded to Buy from Neutral at BofA/Merrill
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