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Stock Market & Financial Investment News

News For GM;FDX;ORCL;GIS;RMCF;BTH;KCG;NAV;AA;ONTY From The Last 14 Days
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December 18, 2014
17:58 EDTORCLOracle looks like a 'buy', Barron's says
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17:12 EDTAAAlcoa files to sell 36.52M shares of common stock for holders
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16:26 EDTORCLOn The Fly: Closing Wrap
Stocks began the session sharply higher and remained that way for the entire session. The strength was attributed to investor enthusiasm over statements from the Fed about being patient in their approach to raising interest rates. Over the past couple of weeks the price of oil has often dictated the direction of equities, but that was not the case today as a drop in WTI and Brent crude was not followed by a dip in the equity averages. With year-end approaching, money managers may be chasing performance, but they also may be adjusting portfolio’s ahead of tomorrow’s quadruple witching, when market index futures, market index options, stock options, and stock futures all expire. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 6K to 289K in the week ended December 13, versus expectations for 295K first-time claims. Markit's flash December Services PMI reading came in at 53.6, which was below the consensus 56.3 forecast. The Philadelphia Fed survey of business conditions index drop to 24.5 in December from November's unexpectedly high 40.8 reading, though the steep pullback was in-line with the consensus forecast. The November index of leading economic indicators rose 0.6%, as expected. In Europe, U.K. retail sales including auto fuel increased 1.6% in November, widely topping economists' forecast for a 0.4% gain. Germany's Ifo business climate index advanced to 105.5 in December from 104.7 in the prior month, narrowly topping expectations. COMPANY NEWS: Oracle (ORCL) rallied $4.19, or 10.18%, to $45.35 after the company’s second quarter results surpassed consensus estimates. Analyst commentary was mixed, with research firms Canaccord and FBR Capital raising their price targets on the stock to $50 and $48, respectively, while JPMorgan said it expects consensus estimates for Oracle to be reduced and Oppenheimer said that it thinks the transition to the cloud is increasing pressure on the company's financial model and restraining EPS growth. MAJOR MOVERS: Among the notable gainers was OvaScience (OVAS), which rose $8.26, or 23.63%, to $43.22 after the company said it has achieved its 2014 corporate goals to advance its three fertility treatment options and its stock was upgraded to Outperform at Wedbush. Also higher was Tetraphase Pharmaceuticals (TTPH), which gained $4.81, or 14.49%, to $38.00 after a study of the company's eravacycline antibiotic met its primary endpoint and more than one research firm said the trial results make the company a more likely takeover target. Among the noteworthy losers was Silicon Image (SIMG), which dropped $1.84, or 27.3%, to $4.90 after the company warned it expects a year-over-year revenue decline in 2015 of about 10% due to a reduction in mobile design wins at one of its largest customers. Also lower were shares of RCS Capital (RCAP), which fell $1.81, or 15.39%, to $9.95 after its Executive Chairman of the Board, Nicholas Schorsch, was reportedly accused of directing two executives at American Realty Capital Properties (ARCP), where he was formerly the Chairman, to manipulate quarterly financial results. INDEXES: The Dow gained 421.28, or 2.43%, to 17,778.15, the Nasdaq advanced 104.08, or 2.24%, to 4,748.40, and the S&P 500 rose 48.34, or 2.4%, to 2,061.23.
12:26 EDTORCLOn The Fly: Midday Wrap
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11:49 EDTORCLOracle soars to 52-week high after Q2 results beat estimates
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11:33 EDTGMStocks with call strike movement; GM EWZ
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11:04 EDTORCLOptions with decreasing implied volatility
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10:24 EDTORCLOracle hits fresh 52-week high after results, levels to watch
The shares were last at $44.85, up over 8.9%. At that price resistance is at the 52-week high set this morning at $44.98 and then at $46.46, the lifetime high from 2000. Support is at $43.81.
10:14 EDTFDXFedEx management to meet with William Blair
Meeting to be held in Florida on December 18 hosted by William Blair.
10:01 EDTFDXOn The Fly: Analyst Upgrade Summary
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09:21 EDTORCLOn The Fly: Pre-market Movers
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09:14 EDTFDXFedEx weakness a buying opportunity, says RW Baird
Baird said they are buyers of yesterday's pullback in FedEx despite its Q2 earnings miss. The firm feels expectations were raised due to falling fuel prices but that the company's EBIT margin improvement was evident, which remains a critical catalyst for the stock. Baird reiterated its Outperform rating but lowered its price target to $190 from $195 on FedEx shares.
08:49 EDTGISGeneral Mills margins should rise over time, says BMO Capital
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08:37 EDTORCLOracle Q2 solid, guidance 'good enough,' says FBR Capital
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08:25 EDTORCLPressure on Oracle financials increasing, says Oppenheimer
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08:23 EDTGMSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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07:30 EDTORCLOracle price target raised to $50 from $48 at Canaccord
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07:04 EDTORCLOracle execution solid, results strong, says Cantor
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06:57 EDTORCLOracle consensus estimates to be revised lower, says JPMorgan
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06:04 EDTAAAlcoa implied volatility of 48 at upper end of index mean range
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06:00 EDTORCLOracle guidance in-line with factoring in currency, says Jefferies
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05:43 EDTFDXFedEx upgraded to Conviction Buy from Neutral at Goldman
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December 17, 2014
18:34 EDTNAV, ORCLOn The Fly: After Hours Movers
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18:08 EDTORCLOracle up almost 5% to $43.18 after Q2 results and guidance
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17:49 EDTORCLOracle sees currency volatility affecting Q3 EPS by 4c, revenue by 4%
Comment made on Q2 earnings conference call.
17:29 EDTFDXBuy FedEx on the dip, Barron's says
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17:15 EDTORCLOracle sees Q3 EPS in constant currency 69c-74c, consensus 73c
Sees Q3 constant currency revenue growth up 4%-8%, consensus $9.69B.
17:09 EDTNAVIcahn reports 19.99% stake in Navistar
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16:27 EDTFDXOn The Fly: Closing Wrap
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16:07 EDTORCLOracle trades higher after results, first look
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16:05 EDTORCLOracle total Q2 new cloud bookings grew at a rate of more than 140%
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16:03 EDTORCLOracle says Q2 total Software plus Cloud revenue was up 5% to $7.3B
Software and Cloud Revenues was up 5% to $7.3 billion. Cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service revenue was up 45% to $516M Hardware Systems revenues were up 1% to $1.3B. GAAP operating income was up 4% to $3.5B, and the GAAP operating margin was 37%. Non-GAAP operating income was up 3% to $4.4B, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1B.
16:01 EDTORCLOracle reports Q2 EPS 69c, consensus 68c
Reports Q2 revenue $9.6B, consensus $9.52B.
16:00 EDTAAOptions Update; December 17, 2014
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15:50 EDTFDXFedEx Express reports Q2 revenue $7.02B, up 3% from year ago
FedEx Ground reported earlier its Q2 revenue at $3.06B, up 8% from last year. FedEx Freight reports Q2 revenue $1.59B, up 11% from last year.
15:44 EDTFDXFedEx price target raised to $208 from $184 at Macquarie
Macquarie said it was disappointed that FedEx did not raise its fiscal year guidance, but still believes the company's free cash flow generation is underappreciated and that the pressure on the stock following its report is overdone. The firm raised its price target on FedEx to $208 from $184 following its Q2 earnings report and maintains its Outperform rating on the shares.
15:28 EDTORCLOracle December 41 straddle priced for 4.3% movement into Q2
15:18 EDTORCLNotable companies reporting after market close
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13:59 EDTORCLEarnings Preview: Analysts split on Oracle ahead of Q2 report
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13:19 EDTORCLOracle December volatility increases into Q2 and outlook
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11:37 EDTFDXFedEx falls after Q2 results, FY15 EPS outlook miss analysts' estimates
Shares of package delivery company FedEx (FDX) are sinking after the company's second quarter results and fiscal year 2015 profit outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, FedEx reported Q2 EPS of $2.14 and revenue of $11.9B, trailing analysts' consensus estimates of $2.22 and $11.98B, respectively. Share repurchases benefited Q2 earnings by 16c per share, FedEx said. The company reported Q2 operating income of $1.01B, up 22% from $827M last year, and operating margin of 8.5%, up from 7.3% a year ago. FedEx said that operating income and margin increased primarily due to higher volumes and base yields in all three transportation segments. Results for the quarter also included benefits from the company's profit improvement programs, lower pension expense and a slightly positive net impact from fuel, and FedEx said these benefits were partially offset by higher aircraft maintenance expense due to the timing of aircraft maintenance events. FedEx said Express revenue increased 7% from a year ago to $7.02B, Ground revenue increased 8% from a year ago to $3.06B and Freight revenue up 11% from last year to $1.59B. Looking ahead, FedEx reaffirmed its FY15 EPS view of $8.50-$9.00, trailing analysts' estimates of $9.12. The company's outlook assumes continued moderate economic growth and a modest net benefit from fuel. The capital spending forecast for FY15 remains $4.2B. WHAT'S NOTABLE: On its earnings conference call, FedEx lowered its 2015 global economic growth view to 3% from 3.1%, but said it still sees U.S. GDP growth of 3.1% in 2015. The company said some customer volume was limited during the West Coast port slowdown, and that it is a "bigger deal than people think." FedEx said fuel surcharge tables will be reviewed in February 2015, and that the company still intends to repurchase shares, but possibly at a slower pace. PRICE ACTION: In late morning trading, FedEx fell $8.74, or about 5%, to $165.52 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 19% over the past 12 months. OTHERS TO WATCH: FedEx’s main competitor, United Parcel Service (UPS), is down about 2.4% on the session.
09:22 EDTFDXOn The Fly: Pre-market Movers
HIGHER: Auspex Pharmaceuticals (ASPX), up 83.1% after Phase 3 trial of SD-809 met primary efficacy endpoint... Volcano (VOLC), up 55.3% after Philips (PHG) announced it will acquire the company for $18.00 per share... Paramount Gold and Silver (PZG), up 35.9% after announcing a merger agreement with Coeur Mining... Cerus (CERS), up 17.8% after FDA approves Intercept Blood System... American Apparel (APP), up 15.5% after terminating Dov Charney for cause... TASER (TASR), up 6.1% after LAPD purchases 860 AXON body-worn video cameras... Idera Pharmaceuticals (IDRA), up 5.9% after being called a top 2015 small cap pick at Piper Jaffray... Kandi Technologies (KNDI), up 7.5% after selling 1,000 electric vehicles to Chengdu City... Stillwater Mining (SWC), up 2.7% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: FedEx (FDX), down 3.5%... Joy Global (JOY), down 1.7%. ALSO LOWER: POZEN (POZN), down 13.1% after receiving a second complete response letter from the FDA for Yosprala... Cliffs Natural (CLF), down 13.1% after price target cut to $1 from $10 at Credit Suisse... Coeur Mining (CDE), down 2.8% following merger agreement with Paramount Gold and Silver.
09:06 EDTGISGeneral Mills says 70% covered for input cost inflation
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09:05 EDTFDXFedEx says West Coast port slowdown 'bigger deal than people think'
09:02 EDTFDXFedEx says will still buyback shares, possibly at lower pace
08:51 EDTFDXFedEx lowers 2015 global economic growth view to 3% from 3.1% prior view
FedEx still sees U.S. GDP growth of 3.1% in 2015. FedEx says some customer volume limited during West Coast port slowdown. FedEx says fuel surcharge tables to be reviewed in February, 2015. Comments from Q2 earnings conference call.
08:33 EDTGISGeneral Mills sees input cost inflation of 3% for FY15
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07:32 EDTFDXFedEx says Q2 results included benefits from profit improvement programs
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07:31 EDTFDXFedEx reaffirms FY15 EPS view $8.50-$9.00
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07:30 EDTFDXFedEx reports Q2 EPS $2.14, consensus $2.22
Reports Q2 revenue $11.9B, consensus $11.98B. Share repurchases benefited second quarter earnings by 16c per diluted share.
07:15 EDTGISGeneral Mills backs FY15 adjusted EPS growth at low-single-digit rate
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07:13 EDTGISGeneral Mills reports Q2 adjusted EPS 80c, consensus 77c
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06:44 EDTORCLGoogle opponents lobbying state attorneys general, NY Times says
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December 16, 2014
16:26 EDTNAVOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory following another tumble in the price of oil and Russian central bank intervention on the ruble. The continued decline in crude and the sudden rate hike in Russia led to an early sell-off, though the market soon pared its losses and the Dow eventually built a 200 point gain before noon. The swing of 300 points for the Dow was indicative of the day’s volatility. The market moved across the flat line again and in the end the sellers regained control and pushed the market to another loss. ECONOMIC EVENTS: In the U.S., housing starts fell 1.6% to a 1.028M rate in November, which was worse than the expected 3.1% increase. Building permits dropped 5.2% to a 1.035M rate in the month, which was also worse than the consensus forecast for a 2.5% drop. Markit's flash PMI for the U.S. dropped to 53.7 in December from 54.8 in November, which is an 11 month low and worse than the 55.2 reading that was forecast. In China, HSBC and Markit's preliminary manufacturing PMI fell to 49.5 in December from a final 50.0 reading in November. In Europe, Markit's composite PMI for the euro zone rose to 51.7, which was up from November's final reading of 51.1 and just above analyst forecasts for a reading of 51.5. Additionally, Russia's central bank raised its key interest rate to 17% from 10.5% in an effort to limit substantially increased ruble depreciation risks and inflation risks. COMPANY NEWS: Spain's Repsol (REPYY) announced plans to buy Talisman Energy (TLM) for $8 per share in cash, which was at the high end of the range reported recently by Financial Times. Talisman shares trading in New York surged $2.46, or 48.05%, to $7.58 following the deal announcement, while Repsol slipped 18c, or 0.93%, to $19.26. MAJOR MOVERS: The top nine gainers on the S&P 500 were all oil and gas exploration or services companies. After those came CVS Health (CVS), which gained $2.44, or 2.72%, to $92.31 after the company announced in conjunction with its analyst day meeting that it added $10B to its share repurchase plan, boosted its dividend 27%, affirmed its outlook for this fiscal year and pointed to growing earnings in its next fiscal year. Among the noteworthy losers was heavy truck maker Navistar (NAV), which fell $5.95, or 16.98%, to $29.10 after reporting losses for its just completed quarter. Also lower were shares of Russian companies listed in the U.S., including QIWI (QIWI), which dropped $2.81, or 13.06%, to $18.70 and Mobile TeleSystems (MBT), which slid 75c, or 10.84%, to $6.17. INDEXES: The Dow fell 111.97, or 0.65%, to 17,068.87, the Nasdaq dropped 57.32, or 1.24%, to 4,547.83, and the S&P 500 declined 16.89, or 0.85%, to 1,972.74.
16:01 EDTFDXFedEx acquires Bongo International
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16:00 EDTAAOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
15:42 EDTGIS, FDXNotable companies reporting before tomorrow's open
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15:26 EDTFDXFedEx December 175 straddle priced for 3.6% movement into Q2
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15:11 EDTFDXFedEx technical comments ahead of results
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12:55 EDTORCLOracle December volatility increases into Q2 and outlook
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12:26 EDTNAVOn The Fly: Midday Wrap
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09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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09:45 EDTFDXFedEx provides short-term trade opportunity, says Bernstein
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08:04 EDTAAAlcoa Q4 EPS should beat expectations, says Stifel
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08:03 EDTORCLUnisys names Peter Altabef as new CEOOracle
Unisys Corporation (UIS) announced that it has named Peter Altabef as President and CEO, effective January 1, 2015. At that time Altabef also will join the company's board of directors. Altabef was most recently President and CEO of MICROS Systems from January 2013 until the completion in September 2014 of its acquisition by Oracle (ORCL). Paul Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015.
07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
07:22 EDTNAVNavistar sees FY15 retail Class 6-8 deliveries of 350K-380K in U.S./Canada
Navistar forecasts retail deliveries of Class 6-8 trucks and buses in the United States and Canada will be in the range of 350,000 units to 380,000 units for FY15. "We continue to make the necessary changes to improve the company and we're entering 2015 in a much stronger position than we were one year ago. We've restructured our core North American business, have the right products in place, and established the right leadership team. We are well-positioned to meet our 8-10 percent EBITDA margin run rate target exiting 2015," said Troy A. Clarke, Navistar president and CEO.
07:20 EDTNAVNavistar sees Q1 adjusted EBITDA $0M-$50M
Navistar sees Q1 adjusted EBITDA of $0M-$50M, excluding pre-existing warranty and one-time items. Sees Q1 manufacturing cash, cash equivalents and marketable securities between $700M-$800M.
07:19 EDTNAVNavistar reports Q4 EPS with items (88c), consensus 15c
Reports Q4 revenue $3.01B, consensus $3.02B. Reports Q4 EBITDA of $66M, which included $60M of restructuring, impairments and other charges partially offset by a $10M favorable adjustment in pre-existing warranty. As a result, adjusted Q4 EBITDA was $116M, which was within the company's Q4 guidance. The company reported a 23% year-over-year increase in chargeouts for Class 6-8 trucks and buses in the United States and Canada. End-of-year order backlog for Class 6-8 trucks was up 24% year-over-year.
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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06:02 EDTAAAlcoa implied volatility of 46 at upper end of index mean range
December 15, 2014
17:03 EDTFDXFedEx announces acquisition of GENCO
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15:36 EDTNAVNavistar December 36 straddle priced for 6.2% movement into Q4
15:21 EDTNAVNotable companies reporting before tomorrow's open
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13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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09:38 EDTAAActive equity options trading
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09:27 EDTORCLOn The Fly: Pre-market Movers
HIGHER: Opko Health (OPK), up 13.1% after Pfizer (PFE) and OPKO Health enter into global agreement for hGH-CTP... Cirrus Logic (CRUS), up 7.5% after being upgraded to Overweight from Underweight at Barclays... PetSmart (PETM), up 4.7% after being acquired by BC Partners led consortium for $83 per share... Sohu.com (SOHU), up 3% after being upgraded to Overweight from Neutral at JPMorgan... Oracle (ORCL), up 2.2% after receiving FedRAMP provisional authority to operate. LOWER: Unwired Planet (UPIP), down 25.7% after commenting on Google (GOOG) Markman ruling... EXCO Resources (XCO), down 13% after suspending its dividend.
09:24 EDTFDXFedEx says higher e-commerce purchases increases residential deliveries
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09:03 EDTORCLOracle achieves FedRAMP provisional authority to operate
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08:53 EDTFDXFedEx December volatility increases into Q2 and outlook
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08:12 EDTNAVNavistar to close foundry operations in Indianapolis
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07:33 EDTORCLOracle upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded Oracle to Overweight from Equal Weight. The firm's surveys indicate improving Cloud Apps growth in 2015 against low expectations and weak sentiment, favorable adoption of the new 12c database options next year, and improved perception value in Engineered Systems. Price target is $50.
06:55 EDTGMTakata tightening restrictions on suppliers, Reuters reports
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06:34 EDTORCLOracle upgraded to Overweight from Equal Weight at Morgan Stanley
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05:47 EDTAAAlcoa to acquire TITAL, terms not disclosed
Alcoa announced plans to further expand its global aerospace business through a definitive agreement to acquire privately held TITAL. The acquisition will strengthen Alcoa’s global position to capture increasing demand for advanced jet engine components made of titanium. This transaction will further position Alcoa to capitalize on strong growth in the commercial aerospace sector. Alcoa projects a compounded annual commercial jet growth rate of 7% through 2019 and sees a current 9-year production order book at 2013 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. In 2013, the company generated revenues of approximately $96M, more than half of which came from titanium products. The acquisition will establish titanium casting capabilities in Europe for Alcoa, while expanding its aluminum casting capacity. TITAL employs more than 650 people, primarily in Bestwig, Germany. Financial details of the transaction were not disclosed.
December 12, 2014
14:04 EDTNAVNavistar volatility elevated into Q4 and outlook
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10:01 EDTORCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
09:51 EDTGISGeneral Mills December volatility increases into Q2 and outlook
General Mills December call option implied volatility is at 25, January is at 17, April is at 15; compared to its 26-week average of 16 according to Track Data, suggesting larger near term price movement into the expected release of Q2 on December 18.
09:13 EDTONTYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Adobe (ADBE), up 5.5% after reporting first quarter results and that it will acquire Fotolia for approximately $800 in cash. ALSO HIGHER: ChemoCentryx (CCXI), up 107.1% after Phase II clinical trial in diabetic nephropathy with CCX140 met its primary endpoint... Oncothyreon (ONTY), up 15.8% after announcing exclusive agreement with Array BioPharma (ARRY)... Talisman Energy (TLM), up 24.4% after a report that Repsol (REPYY) is preparing to make a C$6.00 per share bid... GoPro (GPRO), up 4.4% after being upgraded to Overweight from Neutral at JPMorgan. LOWER: Emerald Oil (EOX), down 18% after cutting fiscal 2015 guidance, naming new COO, and providing an updated fiscal 2015 development plan... Goodrich Petroleum (GDP), down 8.2% after being downgraded to Underweight from Overweight at JPMorgan... MEI Pharma (MEIP), down 3.9% after 10M share Secondary priced at $4.00... Heritage-Crystal Clean (HCCI), down 6.6% after 3.1M share Secondary priced at $10.00.
07:35 EDTKCGKCG Holdings reports Nov. average daily market making volume of $29.3B
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07:24 EDTORCLOracle December volatility elevated into Q2 and outlook
Oracle December call option implied volatility is at 40, January is at 26, March is at 22; compared to its 26-week average of 22 according to Track Data suggesting larger near term price movement into the expected release of Q2 results after the close on December 17.
07:11 EDTONTYOncothyreon announces positive preliminary data from 2 ONT-380 Phase 1b trials
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07:01 EDTONTYOncothyreon announces exclusive agreement with Array BioPharma
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06:40 EDTORCLOracle resumed with a Neutral from Overweight at Piper Jaffray
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December 11, 2014
14:47 EDTFDXFedEx management to meet with
Meeting to be held in Florida on December 18 hosted by William Blair.
14:02 EDTAAAlcoa plans $16.7M expansion to double high-tech coating capacity
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11:07 EDTFDXFedEx December volatility increases into Q2 and outlook
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10:13 EDTFDXOn The Fly: Analyst Initiation Summary
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07:49 EDTGMThe New York Times to hold a conference
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06:51 EDTNAVNavistar coverage transferred with an Accumulate at Global Hunter
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06:17 EDTFDXFedEx initiated with a Neutral at UBS
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December 10, 2014
16:57 EDTFDXFedEx Freight says Teamsters withdraw election petition
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10:10 EDTKCGHigh option volume stocks
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December 9, 2014
16:00 EDTAAOptions Update; December 9, 2014
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07:44 EDTONTYAmerican Association for Cancer Research to hold a symposium
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
December 5, 2014
14:06 EDTGMGeneral Motors ticks key resistance at the $34 area
The $34 level played a role as major support through the year until the breakdown in share price in September. Today the stock is ticking that level once again. Powering through this level would be bullish, while a failure at $34 would be bearish. Resistance is at $35.14. Support is at $33.24.
10:33 EDTGMGeneral Motors recalls 2015 Chevrolet Colorado, GMC Canyon pickups, WSJ reports
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07:17 EDTORCLOracle December volatility elevated into Q2 and margin outlook
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06:38 EDTAAAlcoa Micromill unveils automotive alloy that is 40% more formable, 30% stronger
Alcoa unveiled breakthrough manufacturing technology, the Alcoa Micromill, that will manufacture the most advanced aluminum sheet on the market. Micromill produces automotive alloy that is 40% more formable and 30% stronger than incumbent aluminum, while meeting stringent automotive surface quality requirements. Alcoa Micromill reduces the time to transform molten metal into aluminum coil from 20 days to 20 minutes. Alcoa has secured a strategic development customer, and from its pilot Micromill facility in San Antonio, TX, has also conducted successful customer trials. Those trials have validated the Micromill material’s unique characteristics, surface quality for exterior panels and overall performance. Alcoa is qualifying the material for use in next-generation automotive platforms.
06:27 EDTGMGM looking to sell 500K Cadillacs annually by 2020, Reuters reports
GM plans to increase global annual sales of its Cadillac brand to over 500,000 cars by 2020, Reuters quoted Cadillac President Johan de Nysschen as saying. Reference Link
December 4, 2014
12:39 EDTFDXFedEx December volatility up, shares near record high into Q2 and outlook
FedEx December call option implied volatility is at 24, January is at 21, April is at 20; compared to its 26-week average of 22 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q2 results on December 17.
10:08 EDTAAOn The Fly: Analyst Initiation Summary
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08:14 EDTFDXFedEx price target raised to $200 from $175 at Oppenheimer
Oppenheimer thinks that FedEx's risk/reward ratio is positive, as it believes the company has a number of positive macro catalysts, including lower fuel prices, strong e-commerce, and upbeat U.S. economic trends. The firm is also upbeat on the company's profit improvement plan and keeps an Outperform rating on the shares.
07:06 EDTAAAlcoa initiated with an Outperform at Wells Fargo
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