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Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTFTR, FTR, FTR, CCOI, CCOI, CCOI, FRP, FRP, FRP, RRD, RRD, RRD, CBB, CBB, CBB, CNSL, CNSL, CNSL, GTIV, GTIV, GTIV, STX, STX, STX, BIOS, BIOS, BIOS, MSCC, MSCC, MSCCMorgan Stanley to hold a conference
Morgan Stanley Finance Leveraged Conference to be held New Orleans on June 10-12.
News For FTR;BIOS;STX;GTIV;CNSL;CBB;RRD;FRP;CCOI;MSCC From The Last 14 Days
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March 31, 2015
10:01 EDTRRDOn The Fly: Analyst Upgrade Summary
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07:19 EDTSTXWestern Digital Seagate estimates lowered below consensus at Stifel
Stifel lowered its Q3 and Q4 estimates for Western Digital (WDC) and Seagate (STX) below consensus levels to reflect weaker than expected HDD demand for Q3 and the firm's belief that trends will be flattish into Q4. The firm keeps a Buy rating on Western Digital ,citing what it sees as the company's positive enterprise portfolio positioning, its ability to leverage a more variable costs model, and its positive free cash flow outlook. It keeps a Hold rating on Seagate.
06:36 EDTRRDR.R. Donnelley upgraded to Buy from Hold at Benchmark Co.
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March 30, 2015
16:08 EDTCBBCincinnati Bell to sell common units of limited partners interests in CyrusOne
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March 26, 2015
10:52 EDTCCOICogent management to meet with SunTrust
Meetings to be held on the West Coast April 1-2 hosted by SunTrust.
March 24, 2015
06:32 EDTRRDR.R. Donnelley and Courier announce end of expiration period for merger
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March 23, 2015
10:01 EDTMSCCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allied World (AWH) initiated with a Market Perform at Keefe Bruyette... Capnia (CAPN) initiated with a Buy at Maxim... Catamaran (CTRX) initiated with a Buy at Mizuho... CyberArk (CYBR) initiated with a Buy at BofA/Merrill... Inotek Pharmaceuticals (ITEK) initiated with a Buy at Canaccord... Kinder Morgan (KMI) initiated with a Buy at Argus... MGM China (MCHVF) initiated with a Market Perform at Bernstein... Maxim Integrated (MXIM) initiated with a Buy at Summit Research... Melco Crown (MPEL) initiated with an Outperform at Bernstein... Microsemi (MSCC) initiated with an Outperform at BMO Capital... Sands China (SCHYY) initiated with an Outperform at Bernstein... Tetraphase (TTPH) initiated with a Buy at Nomura... Vista Outdoor (VSTO) initiated with a Sector Weight at KeyBanc... Wynn Macau (WYNMF) initiated with a Market Perform at Bernstein.
09:47 EDTBIOSBioScrip management to meet with Barrington
Meeting to be held in Minneapolis on March 30 hosted by Barrington.
08:03 EDTSTXSeagate Q2 visibility remains limited, says BofA/Merrill
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06:51 EDTMSCCMicrosemi initiated with an Outperform at BMO Capital
Target $47.
March 20, 2015
10:25 EDTBIOSBioScrip management to meet with SunTrust
Meetings to be held in New York on March 24 and in Boston on March 25 hosted by SunTrust.
March 19, 2015
17:30 EDTBIOSColiseum Capital reports 18.6% stake in BioScrip
09:16 EDTSTXPope Resources appoints John Lamb to VP and CFO effective April 20
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March 18, 2015
16:26 EDTMSCCOn The Fly: Closing Wrap
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12:38 EDTMSCCOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday ahead of the conclusion of the Federal Reserve's latest rate setting meeting and the central bank's accompanying announcements. The averages began the session in negative territory and have been range-bound throughout the morning. The Dow was down triple digits once again, making 8 consecutive days that the blue chip index has seen a triple digit move. ECONOMIC EVENTS: In the U.S., the DOE petroleum inventory reports showed a 9.6M barrel rise in crude stocks in the week of March 13, versus expectations for a 4.4M build. The day's big economic news is yet to come, with the Fed's FOMC meeting announcement due at 2:00 pm EDT and Fed Chair Yellen holding a press conference a half hour later. Elsewhere, Prime Minister Benjamin Netanyahu unexpectedly defeated his main challenger in Israelís election and his Likud party appears set to capture more parliament seats. COMPANY NEWS: Shares of FedEx (FDX) slid 2.5% after the shipping giant reported earnings that beat estimates, but revenue that fell short of the consensus forecast, for its third fiscal quarter. FedEx noted that it expects to deliver "record" yearly earnings for the current fiscal year and next fiscal year as well... Oracle (ORCL) shares rose 2.5% after the company's third quarter profits matched expectations and it raised its quarterly dividend 25%. MAJOR MOVERS: Among the notable gainers was Vitesse Semiconductor (VTSS), which jumped 37% after the company agreed to be acquired for $5.28 per share in cash by Microsemi (MSCC). Also higher was Retrophin (RTRX), which rose 28% after the company said it will exercise its right to purchase from Asklepion Pharmaceuticals all worldwide rights, titles, and ownership of Cholbam after the FDA approved the drug for the treatment of pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for patients with peroxisomal disorders. Among the noteworthy losers was Willbros Group (WG), which dropped 55% and was downgraded to Underperform at DA Davidson after announcing its earnings report will be delayed and the company is in potential non-compliance with debt covenants. Also lower following their earnings reports were Nektar Therapeutics (NKTR), which fell 15% after the company's Phase III BEACON metastatic breast cancer study missed its primary endpoint. INDEXES: Near midday, the Dow was down 105.02, or 0.59%, to 17,744.06, the Nasdaq was down 12.45, or 0.25%, to 4,924.99, and the S&P 500 was down 7.69, or 0.37%, to 2,066.59.
09:23 EDTMSCCOn The Fly: Pre-market Movers
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07:10 EDTMSCCMicrosemi backs Q2 adj EPS view 64c-68c, consensus 66c
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07:07 EDTMSCCMicrosemi to acquire Vitesse Semiconductor for $389M
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March 17, 2015
08:06 EDTSTXSeagate decline overdone, says RBC Capital
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07:18 EDTMSCCSatellite & Access Intelligence to hold a exhibition
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