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Stock Market & Financial Investment News

News Breaks
January 25, 2013
13:22 EDTSCSS, KEY, BKD, CBGHigh option volume stocks: KEY CBG BKD SCSS
News For KEY;CBG;BKD;SCSS From The Last 14 Days
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January 27, 2015
10:00 EDTSCSSOn the Fly: Analyst Upgrade Summary
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09:17 EDTSCSSOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
08:06 EDTSCSSStifel upgrades Select Comfort on product, marketing strength
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05:34 EDTSCSSSelect Comfort upgraded to Buy from Hold at Stifel
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January 26, 2015
12:23 EDTBKDOn The Fly: Midday Wrap
Stocks on Wall Street opened lower and hit their session lows a short time after the opening bell rang. In addition to some jitters about a vote in Greece, investors were focused on the massive impending winter storm set to hit the Northeast. With weather pundits expecting the snowfall in feet rather than inches, a number of companies have already rescheduled their earnings announcements. The market was mixed at midday, with the Dow and Nasdaq a bit lower and the S&P up fractionally. ECONOMIC EVENTS: In the U.S., the Dallas Fed manufacturing index fell 8.5 points to -4.4 in January, versus the consensus forecast for a reading of 4.0. In Europe, Greece's far-left Syriza party swept to power, renewing concerns about the country's future as a member of the Eurozone. COMPANY NEWS: Today was a "merger Monday," with at least four deals worth more than $1B announced. Energy Transfer Partners (ETP) announced plans to acquire Regency Energy Partners (RGP) in an $18B unit-for-unit transaction that includes assuming $6.8B of net debt and other liabilities. Rock-Tenn (RKT) and MeadWestvaco (MWV) agreed to merge to create a consumer and corrugated packaging company with a combined equity value of $16B. Under the terms of the deal, the resulting ownership of the new company will be approximately 50.1% by MWV shareholders and 49.9% by RockTenn shareholders. AXIS Capital (AXS) and PartnerRe (PRE) announced a "merger of equals" that will create a specialty insurance and reinsurance company with total capital of more than $14B and cash and invested assets of more than $33B. Additionally, cereal maker Post Holdings (POST) agreed to pay $1.15B in cash and stock to buy privately-held MOM Brands, which makes Malt-O-Meal and other breakfast products. MAJOR MOVERS: Among the notable gainers was Universal Display (OLED), which gained 11% after the company announced the signing of a new OLED technology license agreement and material purchase pact with LG Display (LPL). Also higher was Ocwen Financial (OCN), which rose 17% after the California Department of Business Oversight announced a $2.5M settlement with Ocwen Loan Servicing on Friday evening over the firmís failure for more than a year to provide loan information needed by the DBO to assess compliance with state mortgage lending laws. Also of note, Ocwen denied any basis for default under trust agreements that had been alleged by certain hedge funds and other RMBS investors to trustees and master servicers in connection with 119 RMBS trusts, which are serviced by Ocwen. Among the noteworthy losers was Brookdale Senior Living (BKD), which dropped 8% after the company lowered its forecast for FY15 Cash From Facility Operations, citing a combination of lower than expected occupancy and certain higher-than-anticipated insurance reserve adjustments. Also lower following its earnings reports was hard disk-drive maker Seagate (STX), which fell about 9%. INDEXES: Near midday, the Dow was down 1.41, or 0.01%, to 17,671.19, the Nasdaq was down 4.02, or 0.08%, to 4,753.86, and the S&P 500 was up 2.34, or 0.11%, to 2,054.16.
09:13 EDTBKDBrookdale Senior Living says Q4 CFFO impacted by lower occupancy
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09:12 EDTBKDBrookdale Senior Living reports Q4 preliminary CFFO 53c
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09:08 EDTBKDBrookdale Senior Living lowers FY15 CFFO to $2.60-$2.75 from $2.95-$3.10
Brookdale Senior Living announced that, for the Q4, it expects to report Cash From Facility Operations, or CFFO, excluding integration, transaction-related and electronic medical records roll-out costs, of 53c per share. As a result, Brookdale has adjusted its FY15 guidance for CFFO per share, excluding integration, transaction-related and EMR roll-out costs, to $2.60-$2.75, replacing its previously announced preliminary range of $2.95-$3.10.
January 23, 2015
08:05 EDTKEYKeyCorp reported winning results, says RBC Capital
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January 22, 2015
12:28 EDTKEYOn The Fly: Midday Wrap
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09:32 EDTKEYKeyCorp says 'well positioned' for CCAR cycle
09:26 EDTKEYKeyCorp sees commercial growth as a 'strength'
09:20 EDTKEYKeyCorp 'committed' to continuing to generate cost savings
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07:45 EDTKEYKeyCorp sees FY15 NII up low to mid single digit percentage vs. FY14
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06:35 EDTKEYKeyCorp reports Q4 EPS 28c, consensus 26c
Reports Q4 revenue $1.08B, consensus $1.04B. Reports Q4 book value per share $11.91. Reports Q4 Tier 1 capital ratio 11.91%. Reports Q4 net charge-offs 0.22%.
January 21, 2015
15:27 EDTKEYNotable companies reporting before tomorrow's open
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09:46 EDTCBGBofA/Merrill property management analysts hold analyst/industry conference call
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January 16, 2015
17:03 EDTCBGCBRE Group acquires UCR, terms not disclosed
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10:47 EDTBKDBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.
10:06 EDTCBGBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.

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