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Stock Market & Financial Investment News

News Breaks
August 19, 2014
10:28 EDTJRJC, BXE, PDLI, TJX, ALV, AEO, NGD, GNRC, SE, GSATHigh option volume stocks
High option volume stocks: JRJC SE GNRC NGD AEO ALV TJX PDLI BXE GSAT
News For JRJC;SE;GNRC;NGD;AEO;ALV;TJX;PDLI;BXE;GSAT From The Last 14 Days
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October 17, 2014
10:43 EDTAEOUrban Outfitters slumps after warning on continued retail sales weakness
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October 16, 2014
17:10 EDTAEOAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
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October 15, 2014
13:01 EDTBXEOrange Capital raises stake in Bellatrix Exploration to 11.3% from 10.2%
08:09 EDTBXEBellatrix Exploration sees Q4 production averaging approximately 45,000 boe/d
Bellatrix recently completed a tuck-in acquisition of working-interests in the Company's core Ferrier area in West Central Alberta, extending the Company's Cardium light oil resource play. The acquired assets included current low decline rate net production of approximately 300 boe/d. Bellatrix has entered into a farmin arrangement encompassing 12 gross sections of Mannville rights and 6 gross sections Cardium rights in the Ferrier area of West Central Alberta. Under the arrangement, Bellatrix has committed to drill a minimum of 6 wells into the Cardium interval and 6 wells into the Mannville interval. By drilling these wells, Bellatrix will earn the farmor's entire working interest in either the Cardium or Mannville for each section drilled, but reserving a 15% gross overriding royalty payable on Mannville wells and a 7.5% to 12% gross overriding royalty payable on Cardium wells to the farmee. As a result of an underground fire that occurred in downtown Calgary on October 11, 2014, the Company's corporate head office is temporarily without power and therefore closed. City officials currently estimate the outage will last until Thursday, October 16, 2014. As previously announced, two third-party operated gas processing facilities served Bellatrix with notice of their requirement to shut in for 3 days and 5 days, respectively, to facilitate necessary maintenance during the month of September. As a result, Bellatrix announced a reduction to third quarter production guidance on September 11, 2014. The first facility was shut in for 7 days, curtailing the Company's production by 2,000 boe/d gross during the shut in period while the second facility was offline for 19 days resulting in the additional loss of 16,800 boe/d gross during the shut in period. After giving effect to the aforementioned and continued tightness in available processing capacity, Bellatrix's daily production averaged approximately 38,000 boe/d in the third quarter of 2014. This represents a 5% increase over second quarter 2014 production volumes of 36,342 boe/d and a 74% increase over third quarter 2013 volumes of 21,852 boe/d. Currently fourth quarter production is estimated to average approximately 45,000 boe/d. The Company plans to employ 8 rigs throughout the fourth quarter of 2014.
08:09 EDTBXEBellatrix Exploration sees 2014 average daily production of 38,500 boe/d
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October 13, 2014
14:25 EDTGSATGlobalstar responds to Kerrisdale Capital's FCC filing
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10:08 EDTNGDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
06:57 EDTNGDNew Gold downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded New Gold to Neutral citing valuation and its belief the company's Blackwater and El Morro projects are uneconomic. The firm lowered its price target for shares to $5.50 from $7.
October 9, 2014
16:22 EDTGSATGlobalstar to make new investor presentation available on October 9 at 4:30pm ET
Globalstar announced that it will make available a new investor presentation that outlines the company's value proposition, long-term prospects and the industry landscape, as well as directly refutes Kerrisdale Capital's flawed assertions regarding the company. The presentation will be made available on the company's website at the commencement of the Globalstar conference call today, October 9 at 4:30 p.m. EDT. "We remain as confident as ever in the strength of Globalstar's value proposition and competitive advantage, now and in the future," said Jay Monroe, Chairman and CEO of Globalstar. "This is a critical juncture in the communications industry, and Globalstar is well positioned with unique capabilities and assets to capture the opportunities of the constantly evolving landscape. We continue to benefit from a completed second-generation constellation, a strengthened balance sheet and liquidity position, substantial operating growth and achievement of significant milestones on the proceeding for our Terrestrial Low Power Service with the Federal Communications Commission." Monroe continued, "Today's presentation reiterates what we at Globalstar have always known that the facts are indisputably on our side. Kerrisdale's analysis lacks credibility and any real understanding of the fundamentals and current state of our industry. What is clear is that Kerrisdale stands alone in its views, which staunchly contradict the prevailing perspectives of regulators and major industry players. We stand united in our commitment to supporting our assets, strategy and ability to capitalize on significant future growth opportunities."
10:50 EDTAEOGap falls after announcing CEO Murphy will step down, weak September sales
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10:00 EDTNGDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
08:57 EDTNGDNew Gold upgraded to Buy from Hold at Desjardins
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07:59 EDTGSATGlobalstar to host conference call
Conference call to address the matters raised during the October 6th Kerrisdale Capital presentation will be held on October 9 at 4:30 pm. Webcast Link
06:33 EDTTJXCourt considers whether to pay Amazon workers for security checks, WSJ says
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October 8, 2014
09:10 EDTPDLIPDL BioPharma appoints PricewaterhouseCoopers as new accounting firm
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October 6, 2014
19:16 EDTGSATGlobalstar issues statement in response to Kerrisdale short presentation
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11:00 EDTJRJCOptions with decreasing implied volatilit
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10:14 EDTGSATHigh option volume stocks
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09:32 EDTGSATGlobalstar equity 'worth $0,' Kerrisdale Capital says
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06:15 EDTGSATGlobalstar volatility elevated on wide price movement
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