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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:17 EDTFSL, GDP, SPR, GWW, MHFIHigh option volume stocks: FSL GDP SPR GWW MHFI
News For FSL;GDP;SPR;GWW;MHFI From The Last 14 Days
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October 17, 2014
11:58 EDTSPRTextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
October 16, 2014
10:01 EDTFSLOn The Fly: Analyst Upgrade Summary
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07:33 EDTGWWGrainger reports Q3 US segment sales up 7%, Canada segment sales up 3%
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07:32 EDTGWWGrainger cuts FY14 EPS to $12.20-$12.30 from $12.20-$12.60, consensus $12.45
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07:31 EDTGWWGrainger reports Q3 EPS $3.30, consensus $3.29
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06:55 EDTFSLFreescale upgraded to Buy from Hold at Needham
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October 15, 2014
15:28 EDTGWWNotable companies reporting before tomorrow's open
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13:13 EDTSPRSpirit AeroSystems upgraded to Buy from Hold at Standpoint Research
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October 14, 2014
09:37 EDTGDPActive equity options trading on open
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09:19 EDTGDPGoodrich Petroleum risk/reward favorable, says Northland
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08:39 EDTGDPGoodrich Petroleum upgraded to Buy from Accumulate at KLR Group
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October 13, 2014
07:26 EDTSPRCommercial aerospace stocks should be bought on any weakness, says Wells Fargo
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06:46 EDTFSLFreescale downgraded to Sector Perform from Outperform at Pacific Crest
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October 8, 2014
10:00 EDTGDPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
07:29 EDTGDPGoodrich Petroleum upgraded to Neutral from Underperform at Macquarie
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