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Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:13 EDTJOSB, TRLA, MHR, LOGM, CHGG, GNC, ERIC, CIEN, PHMD, LCAV, VFC, CLF, SJM, OXY, WTW, CPB, MW, AOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Campbell Soup Company (CPB), up 4%... Cliffs Natural Resources (CLF), up 6.8%... LogMeln (LOGM), up 23%. ALSO HIGHER: LCA Vision (LCAV), up 27% after PhotoMedex (PHMD) agreed to buy the company for $5.37 per share... Ciena (CIEN), up 6.2% after announcing global agreement with Ericsson (ERIC)... Magnum Hunter (MHR), up 7.8% after announcing gas discovery in first Utica Shale well... Occidental Petroleum (OXY), up 2.8% after authorizing the separation of Occidental’s California assets into an independent and separately traded company. DOWN AFTER EARNINGS: Weight Watchers (WTW), down 22.5%... VF Corp. (VFC), down 7%... GNC Holdings (GNC), down 14%... J.M. Smucker Company (SJM), down 4.6%... Chegg (CHGG), down 10.5%... Trulia (TRLA), down 13.5%... Agilent (A), down 6.5%. ALSO LOWER: Jos. A. Bank (JOSB), down 1.3% after agreeing acquire Everest Holdings, parent of Eddie Bauer, for $825M. Men's Wearhouse (MW), which has offered to buy Jos. A. Bank previously, is down 7.6%.
News For JOSB;MW;CPB;WTW;OXY;SJM;CLF;VFC;LCAV;PHMD;CIEN;ERIC;GNC;CHGG;LOGM;MHR;TRLA;A From The Last 14 Days
Check below for free stories on JOSB;MW;CPB;WTW;OXY;SJM;CLF;VFC;LCAV;PHMD;CIEN;ERIC;GNC;CHGG;LOGM;MHR;TRLA;A the last two weeks.
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August 13, 2014
11:27 EDTCIENJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
06:07 EDTERICEricsson selected by MTV for broadcast and media services
Ericsson will provide media and broadcast services such as media management, playout and studio facilities management for Finnish media company MTV as a result of a new five-year agreement. Ericsson will provide these services to both MTV and other local and international customers from a purpose-built media hub in Helsinki, Finland. Under the terms of the agreement, 45 highly skilled broadcast services professionals will be transferred from MTV to Ericsson
06:05 EDTTRLATrulia signs license agreement with The MLS/CLAW of Los Angeles
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August 12, 2014
06:30 EDTERICEricsson deploys its Charging System for Vodafone India
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August 11, 2014
10:27 EDTGNCGNC rises after upgrade, Vitamin Shoppe seen as potential partner
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10:19 EDTGNCOn 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.
05:42 EDTGNCGNC Holdings upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded GNC Holdings (GNC) to Outperform citing valuation, its positive view of new CEO Michael Archbold, and the potential for an accretive acquisition of Vitamin Shoppe (VSI). The firm keeps a $43 price target for shares.
August 10, 2014
17:44 EDTTRLAZillow could fall by 50% after Trulia deal, Barron's says
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August 9, 2014
15:25 EDTOXYBridgeTex Pipeline extends open season to August 14
Magellan Midstream Partners (MMP) and Occidental Petroleum Corporation (OXY) announced that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5:00 p.m. Central Time on August 14. Construction of the BridgeTex Pipeline commenced in November 2012 following an initial successful open season in which BridgeTex secured long-term transportation commitments supporting the project.The BridgeTex Pipeline is now in the final stages of construction and will be capable of transporting up to 300,000 barrels per day of Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast Area.
August 8, 2014
15:41 EDTLOGMLogMeln management to meet with Maxim
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10:00 EDTPHMDOn The Fly: Analyst Downgrade Summary
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07:57 EDTPHMDPhotoMedex downgraded to Hold at Canaccord
As reported previously, Canaccord downgraded PhotoMedex to Hold from Buy citing its lower than expected results and uncertainty as to when the environment for media purchasing will improve. The firm lowered its price target on the stock to $8 from $15.
07:02 EDTMHRMagnum Hunter reports Q2 adjusted EPS (9c), consensus (17c)
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06:26 EDTPHMDPhotoMedex downgraded to Hold from Buy at Canaccord
August 7, 2014
15:43 EDTMHRNotable companies reporting before tomorrow's open
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10:44 EDTCLFCliffs Natural appoints Goncalves as Chairman, President and CEO
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08:53 EDTPHMDPhotoMedex discloses receipt of notice of default on credit facilities
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07:50 EDTMHRMagnum Hunter to relocate corporate headquarters to Dallas, Texas
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07:47 EDTPHMDPhotoMedex announces no!no! Hair independent clinical study
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07:32 EDTPHMDPhotoMedex reports Q2 adjusted EPS 1c, one estimate 12c
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