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Stock Market & Financial Investment News

News Breaks
May 30, 2014
08:18 EDTTYC, MKC, OXY, ROK, SABR, VTR, GGPBernstein to hold a conference
Strategic Decisions Conference to be held in New York on May 28-30.
News For GGP;TYC;MKC;OXY;ROK;SABR;VTR From The Last 14 Days
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October 23, 2014
10:05 EDTOXYOccidental Petroleum received $5B from bond offering completed by Calif Resource
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07:06 EDTOXYOccidental Petroleum reports Q3 core EPS $1.58, consensus $1.57
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October 22, 2014
16:13 EDTOXYCalifornia Resources reports Q3 net income of $188M
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15:37 EDTOXYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
10:09 EDTROKOn The Fly: Analyst Initiation Summary
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October 21, 2014
16:17 EDTROKRockwell Automation initiated with a Perform at Oppenheimer
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10:00 EDTOXYOn The Fly: Analyst Upgrade Summary
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08:29 EDTOXYOccidental Petroleum upgraded to Accumulate from Neutral at Global Hunter
Global Hunter upgraded Occidental to Accumulate based on favorable risk/reward, balance sheet strength, and ongoing asset monetization catalysts. Price target lowered to $105 from $110 based on based on a lower commodity price outlook.
06:41 EDTOXYOman Oil mulls purchase of Oxy sultanate assets, Reuters says
Oman Oil CEO Isam al-Zadjali said that the company has entered negotiations with Occidental Petroleum to purchase the U.S. company's assets in the Gulf Arab sultanate, but is still waiting to understand the terms of the possible deal, according to Reuters, citing comments from al-Zadjali. Reference Link
October 16, 2014
08:14 EDTOXYInternational E&P price targets lowered at Wells Fargo
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October 15, 2014
10:02 EDTOXYOn The Fly: Analyst Downgrade Summary
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06:39 EDTOXYOccidental Petroleum downgraded to Neutral from Outperform at Credit Suisse
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October 14, 2014
13:08 EDTTYCEaton rallies, Tyco falls after Barclays swaps ratings
Shares of industrial products maker Eaton (ETN) are rising while peer Tyco (TYC) is falling after analysts at Barclays upgraded the former and downgraded the latter. WHAT'S NEW: Noting that Eaton had tumbled 23.5% so far this year and Tyco had risen 1.2%, Barclays analyst Scott Davis wrote that the disparity between the stocks' valuations had become too extreme. Although Tyco faces slightly less risk and its management has been more effective than Eaton's, the two companies' profit growth is "comparable,” the analyst stated. Meanwhile, Eaton's valuation looks too low, as the stock price appears to anticipate that the company's profits will be as much as 20% below the consensus outlook, which is unlikely to occur in the near-term, Davis believes. According to Davis, the industrial sector is still in the midst of a generally positive trend although it's undergoing "a healthy correction." Stocks that have been "overly punished", such as Eaton's are likely to advance, the analyst stated. Davis upgraded Eaton to Overweight from Equal Weight and cut his rating on Tyco to Equal Weight from Overweight. He kept a $78 price target on Eaton and a $48 price target on Tyco. PRICE ACTION: In early afternoon trading, Eaton rose 2.5% to $60 and Tyco fell 3% to $40.
13:01 EDTSABRSabre, PriceTravel renews agreement
Sabre and PriceTravel Holding announce a renewed and expanded technology agreement. Sabre will continue providing software solutions and IT support to power PriceTravel Holding websites visited by 1.2M consumers each month. Sabre will also continue to be their main source of fares and availability data for more than 400 airlines and other global travel services, and contribute to their continued business growth as an OTA in Mexico and Colombia.
12:20 EDTTYCOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after three of the nation's largest banks reported on their results in the most recent quarter of the year. The market began the session in positive territory but the move seemed tenuous and the averages were almost back in negative ground within a half hour of the opening bell. As the morning progressed and the bears were unable to gain control, the buyers emerged and pushed the Dow to a triple digit gain and the Nasdaq to an increase of nearly 1.5%. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism index came in at 95.3, versus the consensus expectation for a 95.8 reading. COMPANY NEWS: JPMorgan (JPM) swung to a third quarter profit, but its headline earnings per share fell below analysts’ consensus estimate. Of note, the company's press release on its results came out earlier than planned on Nasdaq's (NDAQ) Shareholder.com website, which the exchange operator attributed to an internal "human error." Wells Fargo (WFC) reported in-line earnings and stronger credit quality, but its stock slid 1.4% following the report. Citigroup (C) generated the most headlines, however, as it reported better than expected adjusted third quarter profit, announced plans to pull back from retail banking in eleven countries and said it will disband a legacy Banamex unit that provided personal security services after an investigation uncovered illegal conduct. Shares of Citi bucked the trend set by its two peers, rising 3% near noon... In addition to JPMorgan, Dow member Johnson & Johnson (JNJ) reported on its third quarter earnings. The drug and medical device giant reported better than expected profits and revenues and raised its FY14 EPS outlook, but the stock was fractionally lower near midday. MAJOR MOVERS: Among the notable gainers was Energy Transfer Equity (ETE), which gained 8.5% after the stock was among the energy industry names upgraded this morning at RW Baird. Also higher was Skyworks (SWKS), which rose 11% after the company preannounced stronger than expected results that its CEO attributed to the "broad-based strength" of its business. Among the noteworthy losers was EnerNOC (ENOC), which dropped 11% after JPMorgan downgraded the stock to Neutral citing risk to the company's Demand Response revenue at PJM given the challenge to FERC Rule 745. Also lower was Tyco (TYC), which fell nearly 4% after Barclays downgraded the stock citing valuation and coupled the ratings change with an upgrade of Eaton (ETN). INDEXES: Near midday, the Dow was up 133.38, or 0.82%, to 16,454.45, the Nasdaq was up 60.63, or 1.44%, to 4,274.29, and the S&P 500 was up 21.51, or 1.15%, to 1,896.25.
10:01 EDTTYCOn The Fly: Analyst Downgrade Summary
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05:29 EDTTYCTyco downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Tyco (TYC) citing valuation and keeps a $48 price target for shares. The firm coupled the downgrade with an upgrade of Eaton (ETN).
05:28 EDTTYCEaton upgraded to Overweight from Equal Weight at Barclays
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October 10, 2014
10:01 EDTVTROn The Fly: Analyst Upgrade Summary
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06:16 EDTVTRVentas upgraded to Buy from Hold at Stifel
Stifel upgraded Ventas to Buy based on valuation. Price target is $70.
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