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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:23 EDTJNPR, CAM, EQIX, EADSY, BA, AGUJANA reports new stakes in Juniper, Cameron, Equinix, Airbus
In its most recent quarterly letter to investors, JANA Partners reported new stakes in Juniper Networks (JNPR), Equinix (EQIX), Cameron International (CAM), and Airbus (EADSY). JUNIPER STAKE: JANA's position in Juniper makes it the second noted hedge fund to take an activist stake in the company, joining Elliott Management. JANA says it sees at least $300M of potential savings the company can undertake, adding 40c to EPS, and the firm also says Juniper's balance sheet is overcapitalized. JANA noted it has engaged Juniper on its proposals for increasing shareholder value. OTHER STAKES: JANA also disclosed a new stake in data center operator Equinix. JANA says it "takes comfort" in the fact that 95% of Equinix's revenue is recurring monthly, and says it expects the company will be granted a Private Letter Response by the IRS to convert to a REIT. JANA said it made Cameron International one its largest commitments after the company reported worse-than-expected third quarter earnings in October. The firm expects Cameron to recover margins in 2014, and longer-term sees potential for normalized earning power of more than $5.00 per share. JANA also said it initiated a stake in Airbus, and favorably compared the plane manufacturer to its American-based rival, Boeing (BA). JANA says that at this time a year ago, it took a stake in Boeing, which was one of the firm's most successful investments in 2013, and believes Airbus is now the superior aerospace opportunity. JANA also noted in its letter that its 2013 overall performance of 28.2% fell short of its expectations, primarily due to a drag from an investment in Agrium (AGU), which the firm has now exited. PRICE ACTION: Reports of JANA's stake in Juniper, which broke late last night, coincided with the company's report of better-than-expected earnings. Additionally, no less than three analyst firms have upgraded Juniper's shares, which are up better than 9% in late morning trade. Shares of Equinix jumped following initial reports of JANA's stake and are up about 2% in late morning trade. Following reports of JANA's stake in Cameron, shares jumped, but have since pulled back to be just slightly positive for the session.
News For JNPR;CAM;EQIX;EADSY;BA;AGU From The Last 14 Days
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September 11, 2014
12:16 EDTEADSYAirbus settles A380 delivery disagreement with Qatar Airways, Reuters says
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12:03 EDTAGUUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
09:01 EDTBAAlcoa signs multiyear supply contract with Boeing valued at over $1B
Alcoa (AA) has signed a long-term contract to supply aluminum sheet and plate products to Boeing (BA). The multiyear contract, valued at more than $1B, is the largest ever between the two companies. Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner. Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium that could be used for complex structural applications.
08:22 EDTEADSYAirbus head knocks German government regarding export bar, Reuters says
Airbus CEO Fabrice Bregier knocked the German government regarding its restrictive export rule on defense products by saying that the law could prevent global partners from collaborating on defense initiatives in the future, according to Reuters, citing comments from Bregier. Reference Link
07:02 EDTCAMCameron appoints Scott Rowe as COO
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September 10, 2014
09:14 EDTBABoeing receives first order for 502 Phoenix small satellite
Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first hyperspectral payload, capable of providing spectral imaging fidelity. Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018, command and control operations, image processing, and data storage of collected imagery. The contract includes options for long-term operations and maintenance.
07:53 EDTJNPRDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
September 9, 2014
19:32 EDTEQIXEquinix resumed with a Buy at Stifel
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13:51 EDTEADSYNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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10:18 EDTEQIXDollar General listed among 5 largest long positions by Jana Partners
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09:37 EDTBABoeing announces agreement with GA Telesis
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08:52 EDTAGUFertilizer estimates lowered at Cowen
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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September 8, 2014
16:18 EDTBAOn The Fly: Closing Wrap
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12:18 EDTBAOn The Fly: Midday Wrap
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09:35 EDTBARyanair places order for up to 200 Boeing 737 MAX
Ryanair (RYAAY) confirmed an agreement with Boeing (BA) to purchase up to 200 new Boeing 737 MAX 200 aircraft, including 100 firm orders and 100 options. When finalized and all options exercised, this deal will be worth over $22B at current list prices, Ryanair stated, adding that it becomes the lead customer for this new aircraft, which for Ryanair will feature 197 seats and new CFM LEAP-1B engines.
09:33 EDTBARyanair places order for up to 200 Boeing 737 Max
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06:47 EDTBARyanair to possibly place $10B Boeing order, Reuters says
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September 7, 2014
15:29 EDTEADSY, BABoeing, Ryanair set to make significant fleet announcement, Reuters says
Boeing (BA) CEO Ray Conner and Ryanair (RYAAY) CEO Michael O'Leary are set to announce on Monday a significant purchase by Ryanair of Boeing 737 MAX 8 jetliners, says Reuters. With this order, Boeing will further cement its lead over rival Airbus Group (EADSY) in the order tally so far this year, added Reuters. Reference Link
September 6, 2014
16:51 EDTBABoeing shares could climb 20%
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