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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:05 EDTYOKU, NTES, JOY, SOHU, VOD, OVTI, DANG, SPLSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Joy Global (JOY) downgraded to Hold from Buy at BB&T... Staples (SPLS) downgraded to Neutral from Overweight at JPMorgan... Vodafone (VOD) downgraded to Neutral from Outperform at RW Baird... NetEase.com (NTES) downgraded to Neutral from Overweight at JPMorgan... Dangdang (DANG) downgraded to Underweight from Neutral at JPMorgan... Sohu.com (SOHU) downgraded to Neutral from Overweight at JPMorgan... Youku Tudou (YOKU) downgraded to Neutral from Overweight at JPMorgan... OmniVision (OVTI) downgraded to Hold from Buy at Craig-Hallum.
News For JOY;SPLS;VOD;NTES;DANG;SOHU;YOKU;OVTI From The Last 14 Days
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January 29, 2015
10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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09:17 EDTYOKUYouku Tudou upgraded to Neutral from Underweight at HSBC
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January 22, 2015
10:03 EDTJOYOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
January 21, 2015
16:26 EDTJOYJoy Global upgraded to Outperform from Market Perform at BMO Capital
January 20, 2015
13:09 EDTSPLSSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
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10:47 EDTSPLSStaples says will consider 'all actions' that would create shareholder value
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10:23 EDTSPLSStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
09:31 EDTSPLSActivist Starboard urging Staples, Office Depot to merge, WSJ reports
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08:59 EDTSPLSStarboard urged Staples to explore Office Depot merger, Bloomberg says
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January 18, 2015
17:19 EDTVODDeutsche Telekom plans to raise spending on German operations, Bloomberg says
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