Stock Market & Financial Investment News

News Breaks January 30, 2013 08:44 EDT HES Hess Corp. downgraded to Neutral from Add at Capital One Capital One downgraded Hess due to valuation. Price target is $72. News For HES From The Last 14 Days Check below for free stories on HES the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent HES news | >> May 17, 2013 11:59 EDT HES Options with decreasing implied volatility: ILMN LO A HES INFY CSCO May 16, 2013 13:36 EDT HES Hess Corp. names three Elliott nominees to board Hess Corporation announced voting results from its annual meeting of stockholders. Pursuant to the agreement between the company and Elliott Management, Elliott withdrew prior to the annual meeting all five of its nominees, and agreed to support the election of the Hess slate of five nominees. The board of directors also appointed three Elliott nominees to the board: Rodney Chase, Harvey Golub, and David McManus. 10:58 EDT HES Hess Corp. mentioned positively at Deutsche Bank Subscribe for More Information 09:19 EDT HES On The Fly: Pre-market Movers Subscribe for More Information 08:34 EDT HES Hess Corp., Elliot end proxy contest, three Elliot nominees to join board Subscribe for More Information 08:28 EDT HES Hess Corp. to appoint three Elliott nominees to board, CNBC says Subscribe for More Information May 15, 2013 17:36 EDT HES Paulson gives quarterly update on stakes Subscribe for More Information 17:09 EDT HES Greenlight gives quarterly update on stakes NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). 12:29 EDT HES Hess Corp. removed from U.S. 1 List at BofA/Merrill 11:48 EDT HES Appaloosa reports new stakes in Comcast, Ashland, sells Oracle David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. May 13, 2013 17:50 EDT HES Elliott calls Hess statement 'PR stunt', wants all of its candidates on board Subscribe for More Information 16:42 EDT HES Hess commits to adding Elliott nominees if five new independent nominees elected Subscribe for More Information 06:33 EDT HES Hess's five independent nominees waive rights to payments in compensation plan Subscribe for More Information May 10, 2013 09:50 EDT HES Elliott says Hess split of Chairman, CEO roles 'not a concession or step' Elliott Management, one of the largest shareholders of Hess Corporation, issued a statement on the Hess announcement regarding separation of the chairman and chief executive officer roles: “A resolution to split the Chairman & CEO roles at Hess is on this year’s proxy. Hess’s announcement today is not a concession or step on the part of the Company, rather it is a reaction to the shareholder vote currently underway. It is significant to note that Hess’s Board recommended against this split only a few weeks ago." 07:02 EDT HES Hess Corp. to separate Chairman and CEO roles Subscribe for More Information 07:00 EDT HES Hess Corp. to separate Chairman and CEO roles May 7, 2013 15:23 EDT HES Sohn conference presentations likely to move stocks again The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage. 08:01 EDT HES ISS, Glass Lewis support Elliott's independent nominees for Hess Corp. Subscribe for More Information May 6, 2013 07:30 EDT HES OTC to host a conference Subscribe for More Information 07:06 EDT HES Hess Corp. issues white paper on ISS report Subscribe for More Information 1 | 2 | all recent HES news | >> Sign up for a free trial to see the rest of the stories you've been missing.