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Stock Market & Financial Investment News

News Breaks
June 4, 2014
07:17 EDTDOV, FCX, IP, NP, ALSN, MTZ, BWA, UNP, CFXDeutsche Bank to hold a conference
Global Industrials & Basic Materials Conference to be held in Chicago on June 4-5 with webcasted company presentations to begin on June 4 at 9:40 am; not all company presentations may be webcasted. Webcast Link
News For IP;CFX;MTZ;FCX;UNP;ALSN;DOV;BWA;NP From The Last 14 Days
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May 19, 2015
12:58 EDTDOVDover seeks to expand core margin 30-50bps per year
Says looking to expand "core" margin 30-50bps per year through productivity. Says seeks to generate free cash flow in excess of 11% of revenue. Sees "broad" organic growth opportunities, including growing core business and continuing to expand geographical presence. Areas for acquisition growth include: Building on position in verticals, pump technologies, opportunities to expand in Fluid Transfer; verticals served in Printing; growing presence in Food Equipment; continuing to build Automation platform. Says recent restructuring actions expected to deliver benefits of around $75M in 2015, other actions delivered another $30M. Expects to continue to raise dividend, will continue to build businesses via acquisitions, says share repurchases remain important component of capital allocation. Comments from slides that will be presented at the Electrical Products Group Conference.
07:18 EDTDOVElectric Products Group to hold a conference
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07:15 EDTIPGoldman Sachs to hold a conference
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07:11 EDTUNPWolfe Research to hold a conference
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May 18, 2015
16:14 EDTCFXColfax announces acquisition of Roots blowers & compressors
Colfax Corporation (CFX) announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit , also known as Industrial Air & Gas Technologies, from GE (GE) Oil & Gas for a cash consideration of $185M. Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Howden's global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio. In 2014, Roots had approximate revenues of $155 million and EBITDA of $22M. In making the announcement, Steve Simms, President and Chief Executive Officer of Colfax, stated, "I am delighted to welcome the Roots team to Colfax. We are excited by the opportunities created by combining the Roots capabilities and application expertise with Howden's global footprint and continuous improvement culture. Like Howden, the Roots business has spent more than 150 years developing market leading products and solutions, and we look forward to continuing to innovate and grow." Mr. Simms continued, "Strengthening our businesses through bolt-on acquisitions is a core part of our strategy, and we continue to see a robust pipeline of opportunities."Closing of the acquisition is expected early in the third quarter following the fulfillment of certain conditions.
May 15, 2015
10:01 EDTUNPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
08:40 EDTUNPUnion Pacific upgraded to Buy from Hold at TD Securities
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06:44 EDTUNPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
16:00 EDTFCXOptions Update; May 14, 2015
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13:28 EDTFCXIncreasing equity options volume
Increasing equity options volume: FCX UPS KSS CHK CSCO AVP YOKU CALM KORS
10:14 EDTFCXFreeport McMoRan call activity attributed to takeover speculation
Freeport McMoRan May 23 and 23.5 calls are active on total call volume of 14K contracts (1K puts) on takeover speculation. May call option implied volatility is at 34, June is at 40, October is at 38; compared to its 26-week average of 40. Active option volume suggests traders taking positions for wide price movement.
10:05 EDTFCXRumor: Freeport McMoRan strength attributed to takeover speculation
The 3% move higher in shares of Freeport McMoRan is being attributed to speculation of a takeover.
09:19 EDTUNPKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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May 13, 2015
09:14 EDTCFXColfax weakness creates buying opportunity, says Argus
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May 12, 2015
10:01 EDTBWAOn The Fly: Analyst Initiation Summary
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08:15 EDTBWABorgWarner initiated with a Buy at Evercore ISI
Target $75.
May 11, 2015
17:00 EDTMTZMasTec sees Q2 EPS 27c-30c, consensus 37c
Sees Q2 revenue approximately $1B, consensus $1.12B.
16:59 EDTMTZMasTec sees FY15 EPS $1.45, consensus $1.76
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16:57 EDTMTZMasTec reports Q1 EPS 7c,may not compare to consensus 18c
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15:00 EDTMTZNotable companies reporting after market close
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