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January 13, 2012
08:00 EDTSPR, NSANY, FIATY, BA, COL, GBX, GECompanies step up hiring as economy gains strength, Bloomberg reports
In the U.S., a number of major companies are hiring workers as CEOs expect increased demand as the economy strengthens, reports Bloomberg. Reference Link
News For GE;BA;NSANY;GBX;FIATY;SPR;COL From The Last 14 Days
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September 23, 2015
16:34 EDTBAOn The Fly: Top stock stories for Wednesday
Stocks began the day in quiet fashion and remained that way during the first hour of trading. Following the release of the weekly energy inventory report, the averages moved lower and looked to be possibly setting up for another selloff. Positive comments on China's economy by its President, who is visiting the U.S., brought out buyers, who pared the market's losses. The averages finished slightly in the red in a day marked by low volume as a number of market participants may have been absent in observance of the Jewish holiday of Yom Kippur. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing manager's index was flat at 53.0 in September, which was slightly better than the expectation for it to dip to 52.8. EIA inventory data showed a 1.93M barrel fall in crude oil inventories, versus expectations for a weekly drawdown of 1.25M barrels. In China, Markit's flash manufacturing PMI fell to 47.0 in September from 47.3 last month. In Europe, Markit's composite PMI for the eurozone came in at 53.9 in the first look for September, down from 54.3 in August and below expectations for a reading of 54.1. COMPANY NEWS: Shares of Volkswagen (VLKAY) trading in New York rebounded 6.5% to $27.10 following the resignation of Chief Executive Officer Martin Winterkorn, with the company's supervisory board subsequently praising the decision and saying it will consider his replacement at a meeting Friday. Prior to the CEO change news, the stock was downgraded at research firms JPMorgan, Deutsche Bank and Natixis to hold or equivalent ratings this morning. Accounting for today's advance, U.S.-listed shares of Volkwagen are still down nearly 29% since last Friday, when the EPA publicly accused the automaker of equipping certain diesel cars sold in the U.S. with software that circumvented emissions standards... Against the backdrop of China's President Xi Jinping visiting the U.S., Boeing (BA) announced deals to sell 300 planes to three Chinese companies and set up an aircraft factory in China. The deals are possibly worth tens of billions of dollars in total and represent the largest total order the planemaker has received from Chinese companies, according to Reuters. The Wall Street Journal reported, citing people familiar with the matter, that Cisco (CSCO) plans to announce a partnership with Chinese server maker Inspur Group during President Xi Jinping's visit. MAJOR MOVERS: Among the notable gainers was First Niagara (FNFG), which advanced $1.30, or 14.5%, to $10.26 following a Bloomberg report that the company is exploring a sale. DealReporter noted that potential suitors include Toronto-Dominion Bank (TD), Huntington Bancshares (HBAN) and New York Community Bancorp (NYCB). BioMed Realty (BMR) gained $2.36, or 12.3%, to $21.54 after Bloomberg reported that the company is in talks to sell itself and has attracted attention from firms including Blackstone (BX). Heron Therapeutics (HRTX) rose $7.25, or 21.6%, to $40.81 after announcing that its Phase 2 study of HTX-011 for post-operative pain met its primary endpoint. Shares of a competitor Pacira (PCRX) declined 7.65% after the news, with several analysts remarking that Heron's data compares favorably versus Pacira's Exparel drug. Summit Midstream Partners (SMLP) declined $3.90, or 18.2%, to $17.52 following a Bloomberg report that Energy Capital Partners is seeking to sell its stake in the company. Synchronoss (SNCR) fell 10.75% to $33.37 after research firm Baird said it has become "increasingly concerned" that Verizon (VZ) is "no longer fully committed" to the white-label cloud product it offers in conjunction with the cloud services provider. INDEXES: The Dow fell 50.58, or 0.31%, to 16,279.89, the Nasdaq lost 3.98, or 0.08%, to 4,752.74, and the S&P 500 declined 3.98, or 0.2%, to 1,938.76.
16:29 EDTBABoeing to partner with COMAC to open facility in China
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16:28 EDTBABoeing broadens long-term collaboration with AVIC
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16:27 EDTBABoeing confirms agreement with CASC for purchase of 300 airplanes
Boeing and China Aviation Supplies Holding Company have signed a General Terms Agreement related to the purchase of 300 airplanes. The package has a value of approximately $38B at list prices. Aircraft orders and commitments include: (240) airplanes for Chinese airlines, including (190) 737s and 50 widebody aircraft (60) 737s for leasing companies ICBC and CDB Leasing.
09:18 EDTBAPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
08:01 EDTGEGE Healthcare announces $300M commitment to support emerging market health
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07:47 EDTBABoeing to sell 300 planes to Chinese companies, Reuters reports
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06:24 EDTBANew Boeing tanker to make first flight Friday, WSJ reports
Boeing's new refueling tanker is scheduled to make its first flight as soon as Friday, the Wall Street Journal reports, citing the Pentagon. The flight will initiate a series of tests on one plane over a four-month period, the report says. Reference Link
September 22, 2015
17:15 EDTBABoeing in strategic partnership talks with China, WSJ says
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16:00 EDTGEOptions Update; September 22, 2015
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13:59 EDTBABoeing CEO expects more 737-related work in China, Reuters says
As Boeing continues to increase production rates for the 737, CEO Dennis Muilenburg expects additional work for the plane going to China, Reuters reports. Reference Link
10:32 EDTGEGeneral Electric names Linda Boff as Chief Marketing Officer
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08:03 EDTGEAres-EIF acquires 50% stake in Linden Cogen facility from GE unit
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08:01 EDTGEGE unit signs multiyear services agreement with Southern California Edison
GE's Power Generation Services business announced it has signed a multiyear services agreement with Southern California Edison to upgrade the utility's Mountainview Generating Facility, a 1,054-megawatt combined-cycle power plant in Redlands, California. Highlighting a growing trend with North American combined-cycle power stations, the upgrade project will reduce the facility's startup times, lower its emissions without using additional water and help to balance the growing role of renewables on the grid. GE's technologies will boost the station's output by about 48 MW, increase its efficiency and offer longer intervals between maintenance outages. By boosting Mountainview's flexibility, the project will help SCE protect the grid from the intermittency of the state's rapidly expanding renewable energy supplies while strengthening the facility's competitive position in California.
07:20 EDTBABoeing, Airbus set for China orders but don't know when, Bloomberg says
Boeing (BA) and Airbus (EADSY) are set to bring in a haul of aircraft orders from China's airlines as planners plot growth through 2020, though there is a question as to when such moves will happen, Bloomberg reports. For Boeing, the first deals could be announced as early as this week when China president Xi Jinping tours the company's factory in Seattle, the report says. China's government signs off on all aircraft purchases and often waits for U.S. state visits before making such disclosures, the report says. Reference Link
September 21, 2015
12:34 EDTGBXRailcar makers decline as Wells Fargo sees limited upside potential
Railcar makers Greenbrier (GBX) and Trinity Industries (TRN) are sliding after Wells Fargo downgraded both companies to Market Perform from Outperform, saying upside potential of shares may be limited in the coming months. WHAT'S NEW: A slowing U.S. industrial environment may limit freight traffic and new freight car demand, said Wells Fargo analyst Allison Poliniak-Cusik in a note to investors this morning. The analyst also sees ongoing tank car regulation issues, potential pressure on lease rates and subsequent new railcar prices tempering upside potential in shares of Greenbrier and Trinity in coming months. The firm lowered its price target on Trinity to $27-$29 from $38-$40 and cut its price target on Greenbrier to $39-$41 from $63-$65. WHAT'S NOTABLE: Wells Fargo said it debated whether or not it is "late to the party" with these downgrades as shares are already down approximately 50% this year with current multiples suggesting trough levels on what the firm sees as normalized earnings. The firm, however, noted incremental concerns that centered around declining lease rates, anecdotal commentary that capacity is not yet being absorbed, lower general freight traffic and the debate centered on new tank car regulations amid declining oil prices. PRICE ACTION: Shares of Greenbrier are down 7.47% to $34.81 and Trinity shares are lower by 3.21% to $25.64 in midday trading.
10:00 EDTGBXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Sector Perform from Outperform at RBC Capital... Aircastle (AYR) downgraded to Underperform from Buy at BofA/Merrill... Atmel (ATML) downgraded to Hold from Buy at Craig-Hallum... Boston Properties (BXP) downgraded to Neutral from Buy at Mizuho... Buenaventura (BVN) downgraded to Neutral from Outperform at Credit Suisse... CARBO Ceramics (CRR) downgraded to Underperform from Sector Perform at Iberia... Cameron (CAM) downgraded to Sector Perform from Outperform at Iberia... D.R. Horton (DHI) downgraded to Hold from Buy at Deutsche Bank... General Finance Corp (GFN) downgraded on pricing pressures at Oppenheimer... Greenbrier (GBX) downgraded to Market Perform from Outperform at Wells Fargo... HCP (HCP) downgraded to Sell from Neutral at Goldman... Helmerich & Payne (HP) downgraded to Sector Perform from Outperform at Iberia... ImmunoGen (IMGN) downgraded to Underweight on IMGN 853 risk at Morgan Stanley... Janus Capital (JNS) downgraded to Underweight from Equal Weight at Morgan Stanley... Key Energy (KEG) downgraded to Sector Perform from Outperform at Iberia... Melco Crown (MPEL) downgraded to Underperform from Neutral at Macquarie... Olympic Steel (ZEUS) downgraded to Sector Weight from Overweight at KeyBanc... Potash (POT) downgraded to Underperform from Neutral at Macquarie... Precision Castparts (PCP) downgraded following acquisition at RBC Capital... Rocky Brands (RCKY) downgraded to Neutral from Buy at B. Riley... Sirona Dental (SIRO) downgraded to Equal Weight from Overweight at Stephens... Tribune Publishing (TPUB) downgraded to Underperform from Neutral at Macquarie... Trinity Industries (TRN) downgraded on lower growth outlook at Wells Fargo... Waddell & Reed (WDR) downgraded to Underweight from Equal Weight at Morgan Stanley... WisdomTree (WETF) downgraded to Equal Weight from Overweight at Morgan Stanley... ZS Pharma (ZSPH) downgraded to Equal Weight on valuation at Morgan Stanley.
09:40 EDTGEActive equity options trading on open
Active equity options trading on open: AAPL BAC ESV BABA FB NFLX TSLA TWTR GE GPRO JPM ONVO MU
08:30 EDTGBXGreenbrier downgraded on lower growth outlook at Wells Fargo
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06:11 EDTGBXGreenbrier downgraded to Market Perform from Outperform at Wells Fargo
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