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Stock Market & Financial Investment News

News Breaks
May 19, 2014
20:25 EDTHD, HD, MDT, MDT, TJX, TJX, SPLS, SPLS, DKS, DKS, DCI, DCI, AINV, AINV, RRGB, RRGBNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 99c; Medtronic (MDT), consensus $1.12; TJX Companies (TJX), consensus 67c; Staples (SPLS), consensus 21c; Dick's Sporting Goods (DKS), consensus 52c; Donaldson (DCI), consensus 47c; Apollo Investment (AINV), consensus 21c; Red Robin (RRGB), consensus 72c.
News For HD;MDT;TJX;SPLS;DKS;DCI;AINV;RRGB From The Last 14 Days
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October 13, 2014
12:16 EDTHDOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday amid light trading volume. Banks and bond markets are closed in observance of the Columbus Day holiday, though equity markets remain open. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of a number of freight train operators rose after The Wall Street Journal reported that one of the companies in the sector, CSX (CSX), was approached by a larger rival, Canadian Pacific (CP), about a possible merger. Following the Journal's report, CSX rose 10% and Canadian Pacific advanced 1%, while Norfolk Southern (NSC) and Kansas City Southern (KSU) both climbed about 3%... Chrysler returned to the U.S. stock market, as shares of Fiat Chrysler began trading on the New York Stock Exchange under the symbol "FCAU." MAJOR MOVERS: Among the notable gainers was J.C. Penney (JCP), which rose 3% after the company selected Marvin Ellison, who is currently executive vice president of stores at Home Depot (HD), to become its next CEO. Also higher were Atlas Energy (ATLS), which rose 20%, and Atlas Pipeline Partners (APL), which advanced 6%, after Targa Resources Partners (NGLS) and Targa Resources (TRGP) agreed to acquire Atlas Pipeline Partners for cash and stock valued at $38.66 per APL common unit and agreed to buy Atlas Energy following the company's spin-off of its non-midstream assets. Among the noteworthy losers was Aerohive Networks (HIVE), which plunged 30% after the company lowered its guidance for the third quarter, citing weaker-than-expected order volume near the quarter's end. Also lower were shares of GoPro (GPRO), which fell over 8% after a French journalist reported that the son of racing legend Michael Schumacher attributed the severity of his father's brain injury following a skiing accident on the GoPro camera mounted to his helmet. INDEXES: Near midday, the Dow was down 32.14, or 0.19%, to 16,511.96, the Nasdaq was down 7.97, or 0.19%, to 4,268.27, and the S&P 500 was down 6.85, or 0.36%, to 1,899.28.
10:22 EDTHDHome Depot falls, levels to watch
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10:12 EDTHDHome Depot bench deep, Ellison departure not surprising, says RW Baird
RW Baird said it is not surprised to see Marvin Ellison leaving Home Depot (HD) since he was likely in the running for the CEO post that went to someone else, but the firm expects a smooth internal transition and noted that it views the company's management bench as deep. Baird, which maintains its Outperform rating on Home Depot, believes J.C. Penney (JCP) is getting a strong leader with extensive retail experience in hiring Ellison.
10:06 EDTHDJ.C. Penney rises after selecting Home Depot executive as next CEO
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09:22 EDTMDTMedtronic announces positive data from CoreValve ADVANCE DA Study
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08:38 EDTHDJ.C. Penney names Marvin Ellison CEO-Designee
The board of J. C. Penney (JCP) announced the appointment of Marvin Ellison, currently executive vice president of stores at Home Depot (HD), as president and CEO-Designee, effective November 1. Ellison will also join the board. He will then succeed Myron E. Ullman, III as CEO of JCPenney on August 1, 2015. At that time, Ullman will become executive chairman of the board for a period of one year.
07:13 EDTMDTBioFlorida to hold a conference
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October 10, 2014
09:08 EDTHDHome Depot management to meet with Deutsche Bank
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07:04 EDTMDTMedtronic announces Omar Ishrak will remain CEO of new company
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October 9, 2014
11:20 EDTDKSData suggest improved sales at sporting goods retailers, says Wells Fargo
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09:41 EDTSPLS, DKS, HDBofA/Merrill retail analysts hold an analyst/industry conference call
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09:16 EDTHDHome Depot management to meet with Deutsche Bank
Meetings to be held in Beijing/Tokyo on October 9 hosted by Deutsche Bank.
06:33 EDTTJXCourt considers whether to pay Amazon workers for security checks, WSJ says
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October 8, 2014
14:15 EDTRRGBRed Robin recent weakness a buying opportunity, says Raymond James
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09:34 EDTHDHome Depot management to meet with Deutsche Bank
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October 7, 2014
10:02 EDTDKSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:35 EDTHDHome Depot management to meet with Deutsche Bank
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06:30 EDTDKSDick's Sporting upgraded to Buy from Neutral at Goldman
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October 6, 2014
08:33 EDTSPLSRevolution Lighting sees Q3 revenue to exceed $26M vs $5.3M last year
Revolution Lighting (RVLT) provided a business update for Q3. Revenue in Q3, which includes the recently completed Value Lighting acquisition, is expected to exceed $26M, as compared to $5.3M last year. Q3 revenue exceeded 2Q14 revenue by approximately 50%. The Ccompany expects to achieve positive adjusted EBITDA in Q3 and continued positive adjusted EBITDA in Q4 while becoming cash flow positive in Q4. The company reiterates that 2H14 revenue is expected to be in the $55M-$60M range. The company said, "Our previously announced plan to sell our LED products through Staplesí (SPLS) Quill online stores is in place but has been delayed. We are working towards completion of the software implementation process and expect to be listed on the Quill online site in Q4."
07:00 EDTHDHome Depot management to meet with Deutsche Bank
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