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Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:41 EDTLINELINN Energy downgraded to Neutral from Buy at Citigroup
Citigroup downgraded LINN Energy to Neutral after resuming coverage of the stock citing a lack of distribution growth. Citi lowered its price target for shares to $32 from $41.50.
News For LINE From The Last 14 Days
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August 2, 2015
13:12 EDTLINELinn Energy shares 'may ultimately be worthless,' Barron's says
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July 31, 2015
10:02 EDTLINEOn The Fly: Analyst Downgrade Summary
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08:55 EDTLINELINN Energy still has value, says Stifel
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06:36 EDTLINELINN Energy downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded Linn Energy to Underperform and lowered its price target to $5 from $10. The firm said share weakness following the suspension of distributions raises concerns about future capital requirements to fund growth given high leverage.
06:23 EDTLINELinnCo downgraded to Underweight from Neutral at JPMorgan
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06:23 EDTLINELINN Energy downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Gabriel Daoud downgraded both LINN Energy (LINE) and LinnCo (LNCO) to Underweight from Neutral citing a lack of visibility into when the common distribution will resume. He cut his price target for LINN Energy shares to $5 from $8.
05:49 EDTLINEStocks with implied volatility movement; AKS LINE
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July 30, 2015
18:13 EDTLINEOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
12:55 EDTLINEOn The Fly: Top stock stories at midday
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10:00 EDTLINEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:27 EDTLINELINN Energy downgraded to Market Perform from Outperform at Raymond James
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06:48 EDTLINELINN announces intent to recommend suspension of distribution
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06:47 EDTLINELinnCo continues to 'evaluate opportunities and develop areas with potential'
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06:46 EDTLINELINN expects FY15 reductions in lease operating expenses of $100M
The company anticipates full-year cost reductions in lease operating expenses of approximately $100M. Based on these successful cost management efforts and two quarters of favorable performance compared to guidance, LINN has increased its previously announced combined cost reduction targets to over $225M on an annualized basis. The company's current total oil and natural gas capital budget is approximately $530M for 2015.
06:44 EDTLINELINN Energy reports Q2 EPS ($1.12)
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06:44 EDTLINELINN Energy reports Q2 production up 8% to 1,219 MMcfe/d
Production increased eight percent to an average of approximately 1,219 MMcfe/d for the second quarter 2015, compared to 1,131 MMcfe/d for the second quarter 2014. This increase was primarily attributable to operational outperformance from LINN's capital program and base optimization efforts.
July 24, 2015
10:37 EDTLINEOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE ABX TCK GDX LNKD FCX
July 23, 2015
10:30 EDTLINEOptions with increasing implied volatility
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July 22, 2015
10:26 EDTLINEOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE LNCO CNX ABX GG GDX
July 21, 2015
10:31 EDTLINEOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM

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