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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:01 EDTPPL, KORSStocks with implied volatility movement; KORS PPL
Stocks with implied volatility movement; Michael Kors (KORS), PPL Corp. (PPL) according to iVolatility.
News For KORS;PPL From The Last 14 Days
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April 1, 2015
12:39 EDTPPLOn The Fly: Midday Wrap
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11:59 EDTPPLDynegy, NRG Energy retreat after FERC postpones decision on PJM plan
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10:48 EDTPPLFERC head sees 'market uncertainty' from PJM deficiency letter
The Commissioner of the Federal Energy Regulatory Commission, Philip Moeller, said in a statement yesterday, "Today, staff issued a deficiency letter in this proceeding. In future deliberations in this proceeding, I will of course consider the totality of the record, including all of the responses to staff’s deficiency letter. Nonetheless, I believe that this proceeding already contains sufficient information to permit the Commission to issue an order on the merits of PJM’s proposal in advance of the May 2015 Base Residual Auction. Markets provide the best prices for both buyers and sellers when participants know the market rules. Regardless of whether the Commission ultimately decides to accept or reject PJM’s capacity performance proposal, by failing to act, the Commission is creating market uncertainty on issues that need clarity now. For this reason, I believe that we should have acted today on the merits of PJM's filings. However, this five-member Commission can only move forward on an order when we have three votes for action." Shares of companies to tied to PJM generation, including Dynegy (DYN), Exelon (EXC), NRG Energy (NRG), PSEG (PEG), PPL Corp. (PPL) and FirstEnergy (FE), are moving lower in early trading.
10:32 EDTPPLFERC deficiency letter to PJM prolongs uncertainty, says Deutsche Bank
Deutsche Bank notes the Federal Energy Regulatory Commission issued a deficiency letter to the PJM Interconnection relating to the Capacity Performance case. Deutsche views the letter as prolonging the uncertainty for investors in PJM generation stocks, namely Dynegy (DYN), Exelon (EXC), NRG Energy (NRG), PSEG (PEG), American Electric (AEP), PPL Corp. (PPL) and FirstEnergy (FE). Deutsche expects some weakness in the stocks, but says the FERC did not say no and that the deficiency letter implies they are giving the CP proposal serious consideration. The firm finds it more likely than not that something close to PJM’s Capacity Performance filing will be approved.
10:01 EDTKORSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded at Evercore ISI... Altera (ALTR) downgraded to Hold from Buy at Argus... American Airlines (AAL) downgraded to Hold from Buy at Deutsche Bank... AxoGen (AXGN) downgraded to Neutral from Buy at Ladenburg... BB&T (BBT) downgraded to Neutral from Overweight at JPMorgan... CA Technologies (CA) downgraded to Equal Weight from Overweight at Barclays... Catamaran (CTRX) downgraded to Market Perform from Outperform at Leerink... Charter (CHTR) downgraded to Hold from Buy at Wunderlich... Delta Air Lines (DAL) downgraded to Hold from Buy at Deutsche Bank... Domtar (UFS) downgraded to Neutral from Buy at DA Davidson... Fifth Street Finance (FSC) downgraded to Neutral from Buy at UBS... Gold Fields (GFI) downgraded to Sell from Hold at Deutsche Bank... Medley Capital (MCC) downgraded to Neutral from Buy at UBS... Michael Kors (KORS) downgraded to Neutral from Overweight at Piper Jaffray... Norcraft (NCFT) downgraded to Equal Weight from Overweight at Stephens... Nucor (NUE) downgraded to Neutral from Buy at Nomura... ON Semiconductor (ONNN) downgraded to Sell from Neutral at Goldman... Pier 1 Imports (PIR) downgraded to Underweight from Equal Weight at Morgan Stanley... Pinnacle Financial (PNFP) downgraded to Hold from Buy at Sandler ONeill... Rolls-Royce (RYCEY) downgraded to Underperform from Market Perform at Bernstein... Sibanye Gold (SBGL) downgraded to Sell from Hold at Deutsche Bank... Steel Dynamics (STLD) downgraded to Neutral from Buy at Nomura... SunTrust (STI) downgraded to Hold from Buy at Sandler O'Neill... Telefonica Brasil (VIV) downgraded to Hold from Buy at HSBC... UTi Worldwide (UTIW) downgraded to Sector Perform from Outperform at RBC Capital... United Continental (UAL) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded at Sterne Agee.
06:46 EDTKORSMichael Kors downgraded to Neutral from Overweight at Piper Jaffray
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March 22, 2015
17:16 EDTKORSMichael Kors looks inexpensive, Barron's says
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