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Stock Market & Financial Investment News

News Breaks
February 4, 2013
16:21 EDTICUIICU Medical reports Q4 EPS 82c, consensus 78c
Reports Q4 revenue $82.67M, consensus $82.68M.
News For ICUI From The Last 14 Days
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November 11, 2014
12:46 EDTICUIOn The Fly: Midday Wrap
Stocks on Wall Street were little changed at midday, as the light economic calendar and bond markets being closed in observance of Veteran's Day make for a quiet tone to the market. The averages have remained close to the flat line throughout the morning, as the major averages undergo a day of consolidation near their record levels. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism index came in at 96.1, which was up from the prior 95.3 figure and roughly matched the consensus forecast. In Asia, Japan's Prime Minister Shinzo Abe said that the country's intended second sales tax hike will be delayed, according to government sources cited by Reuters. COMPANY NEWS: Chinese e-commerce giant Alibaba (BABA) generated record sales during the Chinese Singles Day holiday and a number of research firms initiated coverage of the stock with upbeat notes. Alibaba stated on its official corporate news Twitter feed that its final Singles Day shopping festival gross merchandise volume exceeded $9.3B and the company's Executive Chairman Jack Ma made headlines by stating that the company's Alipay finance services arm will "definitely" go public. Additionally, Oppenheimer initiated coverage of Alibaba with an Outperform rating in a note to investors last night and HSBC earlier today initiated coverage of Alibaba with an Overweight rating and a Street-high price target of $148 per share. Despite all of this, the stock appeared to have a "sell-the-news" reaction to the Singles Day event, as its shares fell about 3% in midday trading. MAJOR MOVERS: Among the notable gainers was Rackspace (RAX), which rallied 13.5% after the cloud computing service provider reported better than expected third quarter results and announced a $500M share repurchase plan. Also higher was ICU Medical (ICUI), which rose 14% and was upgraded at Roth Capital and Piper Jaffray following its second consecutive better than expected quarterly report. Among the noteworthy losers was Vivint Solar (VSLR), which tumbled over 21% after the company reported steeper than expected losses in its first quarterly report since coming public last month. Also lower following its first earnings report since coming public was e-commerce home goods retailer Wayfair (W), which dropped 13% despite posting revenues that beat the consensus forecast and Pacific Crest and Wells Fargo making positive comments on its results. INDEXES: Near midday, the Dow was down 9.89, or 0.06%, to 17,603.85, the Nasdaq was up 1.67, or 0.04%, to 4,653.29, and the S&P 500 was little changed at 2,038.15.
10:00 EDTICUIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
06:24 EDTICUIICU Medical upgraded to Buy from Neutral at Roth Capital
Roth Capital upgraded ICU Medical to Buy following the Q3 report and guidance citing improved commercial execution in 2015 and operating leverage driven by operational and cost efficiency initiatives. Price target raised to $82 from $55.
05:31 EDTICUIICU Medical upgraded to Overweight from Neutral at Piper Jaffray
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November 10, 2014
16:24 EDTICUIICU Medical raises FY14 adjusted EPS view to $2.25-$2.33 from $1.95-$2.15
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16:22 EDTICUIICU Medical raises FY14 outlook
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16:21 EDTICUIICU Medical reports Q3 adjusted EPS 66c, consensus 48c
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