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Stock Market & Financial Investment News

News Breaks
March 14, 2014
17:14 EDTHIIHuntington Ingalls awarded $602M government contract
Huntington Ingalls, Pascagoula, Miss., is being provided funding in the amount of $601,990,190 under previously awarded contract (N00024-13-C-2307) to fund construction and exercised options for one DDG 51 class ship in fiscal 2014. The modification also provides $79,400,000 in advanced procurement funding for the fiscal 2016-2017 ships. Work is expected to be completed by July 2023. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
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August 13, 2014
14:35 EDTHIIHuntington Ingalls' AMSEC awarded two U.S. Navy contracts
Huntington Ingalls Industrie anounced that its AMSEC subsidiary has been awarded two contracts in support of the United States Navy. Naval Sea Systems Command in Washington, D.C., awarded a contract to AMSEC for technical and logistical support services, as well as material kitting services, for U.S. Navy LCC 19-class Amphibious Command ships. Material kitting services involve the pre-packaging of materials required to complete a specific task. Amphibious Command ships provide command and control for fleet commanders. A total of three indefinite-delivery/indefinite-quantity contracts were awarded for these services with a combined maximum dollar amount of $96.8M. AMSEC was also awarded the the initial delivery order valued at $1.2M. AMSEC was also awarded a contract by Naval Undersea Warfare Center Division Newport, NUWC, Newport, R.I., to produce interactive multimedia instruction courseware modules for the U.S. Naval Sea Systems Command's shipboard and schoolhouse training programs for all subject matter areas of submarine operations and procedures. A total of four contract awards were issued for this indefinite-delivery/indefinite-quantity, IDIQ, 60-month, firm-fixed-price contract with a combined maximum dollar amount that may be awarded of $8.9M.
August 11, 2014
10:19 EDTHIIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
06:06 EDTHIIHuntington Ingalls upgraded to Buy from Neutral at UBS
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