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Stock Market & Financial Investment News

News Breaks
June 19, 2014
10:18 EDTHWAY, ASML, BOBE, CCE, EEP, HSP, SNMX, NFX, TEXHigh option volume stocks:
High option volume stocks: HWAY ASML BOBE CCE ASHR EEP HSP SNMX NFX TEX
News For HWAY;ASML;BOBE;CCE;EEP;HSP;SNMX;NFX;TEX From The Last 14 Days
Check below for free stories on HWAY;ASML;BOBE;CCE;EEP;HSP;SNMX;NFX;TEX the last two weeks.
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September 16, 2014
07:03 EDTTEXTerex upgraded at Stifel
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06:18 EDTTEXTerex upgraded to Buy from Hold at Stifel
September 15, 2014
12:31 EDTTEXTerex hits 52-week low after cutting fiscal 2014 profit outlook
Shares of Terex (TEX), a diversified global equipment manufacturer of machinery products, are falling after the company cut its fiscal year 2014 earnings per share outlook. The company's third quarter EPS view of 55c-65c also came in far below analysts' consensus estimates of 79c. WHAT'S NEW: This morning, Terex lowered its FY14 EPS view to $2.35-$2.50 from $2.50-$2.80, below analysts' consensus of $2.56. The company said the primary driver of the lowered guidance is weakness in the Cranes segment. Despite a positive trend in book-to-bill ratios over the first half of 2014, the Cranes order rate dropped significantly in July and August. Additionally, Cranes customers in developing markets are struggling to secure financing for orders scheduled for delivery in the second half of 2014. Ron DeFeo, Terex Chairman and CEO said, “We do not take lightly the need to adjust market expectations. Admittedly, the global Cranes marketplace has been challenging to forecast. During 2014, we have certainly seen more muted end markets in Cranes than we originally contemplated back in February. While we do see positive trends in certain aspects of our other segments, this has been more than offset by the recent weakness in Cranes end markets. The balance of our guidance remains intact, including our guidance for Free Cash Flow of between $200M-$250M in 2014. We also remain positive on the longer term prospects for EPS growth in our business, driven in no small part by the internal improvement initiatives underway throughout our company." ANALYST REACTION: This morning, UBS placed a Neutral rating and 12-month price target of $41 on shares of Terex. UBS believes that Terex could be gearing up to announce order cancellations. UBS said the deterioration in the Cranes segment, in addition to new questions over first half 2014 bookings, will be disappointing to investors. Despite that, UBS expects progression of projects in the Gulf Coast to drive a delayed Crane cycle, one that will result in improved order patterns in 2015 and 2016. UBS expects Terex' guidance to weigh on Manitowoc Company (MTW) and H&E Equipment Services (HEES), both of which are exposes to Crane markets. PRICE ACTION: In early afternoon trading, Terex fell $2.32, or about 6.7%, to $32.38 on more than twice its average daily trading volume. Earlier in the session, the stock hit a 52-week low of $32.00. OTHERS TO WATCH: Terex' peers also fell, with Manitowoc Company (MTW) down over 3.3%, and H&E Equipment Services (HEES) down about 1.2%.
09:16 EDTTEXOn The Fly: Pre-market Movers
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08:50 EDTTEXManitowoc down 3% after peer Terex cuts FY14 earnings guidance
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08:14 EDTTEXTerex volatility expected to move on lower guidance
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08:07 EDTTEXTerex sees Q3 EPS 55c-65c, consensus 79c
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08:06 EDTTEXTerex cuts FY14 adjusted EPS view to $2.35-$2.50 from $2.50-$2.80
Consensus is $2.56. The primary driver of the guidance change is weakness in the Cranes segment. Despite a positive trend in book-to-bill ratios over the first half of 2014, the Cranes order rate has dropped significantly in July and August. Additionally, Cranes customers in developing markets are struggling to secure financing for orders scheduled for delivery in the second half of 2014. “We do not take lightly the need to adjust market expectations. Admittedly, the global Cranes marketplace has been challenging to forecast. During 2014, we have certainly seen more muted end markets in Cranes than we originally contemplated back in February. While we do see positive trends in certain aspects of our other segments, this has been more than offset by the recent weakness in Cranes end markets,” commented Ron DeFeo, Terex Chairman and CEO. “The balance of our guidance remains intact, including our guidance for Free Cash Flow of between $200M-$250M in 2014. We also remain positive on the longer term prospects for EPS growth in our business, driven in no small part by the internal improvement initiatives underway throughout our company.”
07:02 EDTHWAYUnitedHealth extends relationship with Healthways
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September 11, 2014
10:49 EDTNFXHigh option volume stocks
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10:00 EDTNFXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Airgas (ARG) initiated with a Neutral at Northcoast... CBOE Holdings (CBOE) initiated with a Buy at Deutsche Bank... CME Group (CME) initiated with a Buy at Deutsche Bank... Colfax (CFX) initiated with a Neutral at Northcoast... Corporate Office Properties (OFC) initiated with an Overweight at Capital One... Edwards Lifesciences (EW) initiated with a Buy at Sterne Agee... Energen (EGN) initiated with a Buy at Deutsche Bank... Goodrich Petroleum (GDP) initiated with an Outperform at Cowen... GreenHunter Resources (GRH) initiated with a Hold at Stifel... GrubHub (GRUB) initiated with a Market Perform at Barrington... Illinois Tool Works (ITW) initiated with a Neutral at Northcoast... IntercontinentalExchange (ICE) initiated with a Hold at Deutsche Bank... JD.com (JD) initiated with a Buy at Brean Capital... Lincoln Electric (LECO) initiated with a Buy at Northcoast... Live Nation (LYV) initiated with a Buy at Jefferies... Medtronic (MDT) initiated with a Neutral at Sterne Agee... Midstates Petroleum (MPO) initiated with a Market Perform at Cowen... NASDAQ (NDAQ) initiated with a Hold at Deutsche Bank... Newfield Exploration (NFX) initiated with an Outperform at Iberia... Newpark Resources (NR) initiated with an Outperform at Credit Suisse... Nuverra Environmental (NES) initiated with a Buy at Stifel... Palo Alto (PANW) initiated with a Buy at Roth Capital... Petrobras (PBR) initiated with an Outperform at Cowen... RSP Permian (RSPP) initiated with a Hold at Deutsche Bank... Sensata (ST) initiated with an Equal Weight at Morgan Stanley... Stage Stores (SSI) initiated with a Neutral at Credit Suisse... Synergy Resources (SYRG) initiated with an Outperform at Cowen... TE Connectivity (TEL) initiated with an Overweight at Morgan Stanley... Twitter (TWTR) initiated with a Buy at Canaccord... Walter Investment (WAC) initiated with an Underweight at Barclays... Washington REIT (WRE) initiated with an Equalweight at Capital One... Yandex (YNDX) initiated with a Buy at Canaccord... Yara International (YARIY) initiated with a Neutral at Credit Suisse.
08:14 EDTNFXNewfield Exploration initiated with an Outperform at Iberia
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September 10, 2014
10:20 EDTHWAYHealthways management to meet with Stifel
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07:49 EDTTEXLongbow to hold a conference
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September 9, 2014
12:15 EDTHSPHospira expects 2015 to be a turnaround year for pump business
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11:57 EDTHSPHospira says it has appealed court's adverse decision relating to Precedex
The argument for appeal has been set for October 27. Comments taken from Morgan Stanley Global Healthcare Conference.
10:10 EDTEEPOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
07:08 EDTEEPEnbridge Energy initiated with a Market Perform at BMO Capital
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September 8, 2014
12:40 EDTHSPPar Pharmaceutical resumes shipment of generic Precedex Injection
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08:33 EDTHSPHospira confirms FY14 EPS view $2.30-$2.50, consensus $2.41
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