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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:02 EDTSXL, SKUL, HOT, TGT, TLYS, WLP, JWN, KSS, H, ROST, NTLS, ANN, ASNA, BF.B, NOV, IDA, LNKD, MR, AEO, LNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alliant Energy (LNT) downgraded to Market Perform from Outperform at Wells Fargo... American Eagle (AEO) downgraded to Hold from Buy at Jefferies... Ann Inc. (ANN) downgraded to Hold from Buy at Jefferies... Ascena Retail (ASNA) downgraded to Neutral from Buy at Citigroup... Brown Forman (BF.B) downgraded to Underweight from Equal Weight at Morgan Stanley... Hovnanian (HOV) downgraded to Neutral from Buy at UBS... IDACORP (IDA) downgraded to Market Perform from Outperform at Wells Fargo... LinkedIn (LNKD) downgraded to Equal Weight from Overweight at Barclays... Mindray Medical (MR) downgraded to Neutral from Outperform at Credit Suisse... NTELOS (NTLS) downgraded to Neutral from Overweight at JPMorgan... Ross Stores (ROST) downgraded to Neutral from Buy at Citigroup... Skullcandy (SKUL) downgraded to Underperform from Buy at Jefferies... Starwood Hotels (HOT) downgraded to Neutral from Buy at SunTrust... Target (TGT) downgraded to Hold from Buy at Jefferies... Tilly's (TLYS) downgraded to Neutral from Overweight at Piper Jaffray... Wellpoint (WLP) downgraded to Neutral from Outperform at Credit Suisse... Nordstrom (JWN) downgraded to Neutral from Buy at Buckingham... Kohl's (KSS) downgraded to Neutral from Buy at Buckingham... Sunoco Logistics (SXL) downgraded to Hold from Accumulate at Tudor Pickering... Hyatt Hotels (H)downgraded to Neutral from Buy at ISI Group.
News For B;NOV;IDA;LNKD;MR;NTLS;ROST;SKUL;HOT;TGT;TLYS;WLP;JWN;KSS;H;SXL From The Last 14 Days
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July 22, 2014
08:19 EDTHHyatt Hotels announces organization changes
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July 21, 2014
13:23 EDTMRHigh option volume stocks: RFMD LCI MR PII DG CTRL
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08:34 EDTROSTRoss Stores opens 30 new locations in June and July
Ross Stores announced the June and July openings of 23 Ross Dress for Less and seven dd's DISCOUNTS stores across 17 different states. These new locations are part of the off-price retailer's plans to add a total of approximately 75 Ross and 20 dd's DISCOUNTS stores during 2014.
July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
July 17, 2014
08:01 EDTHHyatt Hotels, Playa Hotels & Resorts to introduce Hyatt Ziva Cancun
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July 16, 2014
16:24 EDTROSTOn The Fly: Closing Wrap
Stocks on Wall Street started the trading day higher, thanks in part to solid earnings reports from some of the nation’s largest companies as well as a proposed mega-merger in the entertainment industry. Investors preparing for the next round of earnings after the close, which includes reports from eBay (EBAY), Yum! Brands (YUM), and Las Vegas Sands (LVS), did so with the Dow at a new all-time high. ECONOMIC EVENTS: In the U.S., the Producer Price Index for June rose 0.4%, which was ahead of expectations for a 0.2% increase. Industrial production grew 0.2% in June, missing the forecast for 0.3% growth. The NAHB homebuilder confidence index rose to 53 in July, ahead of expectations for it to tick up 1 point to 50. Economic activity expanded in all regions of the country at a moderate to modest pace in recent weeks, the Fed reported today in its Beige Book. Consumer spending rose in every region, as retail sales grew modestly in most areas and vehicle sales were stronger than sales of most other products, the central bank reported. COMPANY NEWS: Shares of HBO and Warner Bros. parent Time Warner (TWX) surged $12.12, or 17.07%, to $83.13 after it was reported by CNBC and DealBook's Andrew Ross Sorkin that the company had received, and rejected, a takeover offer worth about $80B, or $85 per share, from Rupert Murdoch's Twenty-First Century Fox (FOXA). Both Time Warner and Fox subsequently confirmed the report, with Time Warner stating that it rejected the bid since it was "not in the best interests of stockholders" and Fox noting that the companies are not currently in discussions. Afterward, research firm Jefferies said it believes 21st Century Fox could raise its bid for Time Warner into the mid-to-upper $90's per share, but it also thinks that Time Warner would still be unlikely to accept the offer. Meanwhile, FBR Capital said Fox could pay up to $120 for Time Warner and still make an accretive deal. Class A shares of Twenty-First Century Fox ended the day down $2.19, or 6.22%, to $33.00... Shares of Apple (AAPL) initially rose after announcing last night that it would collaborate with IBM (IBM) to provide mobile solutions for businesses. Goldman Sachs analyst Bill Shope wrote in a note to investors that the deal with IBM is clearly positive for Apple, as it validates the "unique enterprise capabilities" of iOS, which has a lack of fragmentation that makes it uniquely suited for organizations. BlackBerry (BBRY), which has a focus on mobile devices for business use, slid $1.33, or 11.77%, to $9.97 after the tech giants announced their new partnership. Apple closed down 54c, or 0.57%, to $94.78, though IBM (IBM), which reports after tomorrow's close, climbed $3.87, or 2.05%, to $192.36. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which advanced $2.94, or 9.27%, to $34.65 after the semiconductor giant's second quarter results beat analysts' consensus estimates. Also higher was Tenet Healthcare (THC), which rallied $3.74, or 8.32%, to $48.71 after after another company in the hospital sector, HCA Holdings (HCA), pre-announced stronger than expected second quarter results. For its part, HCA rose $5.78, or 10.47%, to $60.99 after providing better than expected Q2 guidance and increasing its fiscal year outlook. Among the noteworthy losers was Yahoo (YHOO), which fell $1.82, or 5.11%, to $33.79 after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. Also lower were shares of Ross Stores (ROST), which fell $3.12, or 4.78%, to $62.15 after Sterne Agee downgraded its stock to Neutral from Buy and cut its price target for shares to $68 from $81, citing negative traffic trends and low visibility. INDEXES: The Dow rose 77.52, or 0.45%, to 17,138.20, the Nasdaq gained 9.58, or 0.22%, to 4,425.97, and the S&P 500 advanced 8.29, or 0.42%, to 1,981.57.
10:01 EDTNTLSNTELOS expansion of DISH program an incremental positive, says Wells Fargo
Wells Fargo views the expansion of NTELOS' (NTLS) fixed wireless broadband program with DISH (DISH) as an incremental positive for NTELOS and the firm believes the company's 2.5GHZ spectrum is an "important hidden asset." Wells thinks NTELOS will keep seeking "out of the box" partnerships in its service areas and keeps its Outperform rating on the stock.
10:00 EDTROSTOn The Fly: Analyst Downgrade Summary
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09:58 EDTNTLSNTELOS, DISH expand Internet service pact to Virginia
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08:08 EDTLNKDOracle Social Cloud announces LinkedIn support for SRM platform
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05:39 EDTROSTRoss Stores downgraded to Neutral from Buy at Sterne Agee
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July 15, 2014
10:33 EDTLNKDFacebook, Twitter slip following cautious valuation comments from Fed
Shares of a number of companies in the social media and biotech industries moved lower following the circulation of cautious comments about their stock valuations that were included in the Federal Reserve's latest Monetary Policy Report. WHAT'S NEW: In the report, presented by the Board of Governors of the Federal Reserve and signed on behalf of the governors by Chair Janet Yellen, the central bank wrote that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013, but that valuation measures for the overall market in early July were "generally at levels not far above their historical averages." However, the Fed's report also cautioned that valuation metrics in some sectors do appear substantially "stretched," particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. As support for its assessment, the Fed noted that ratios of prices to forward earnings for "smaller firms as well as social media and biotechnology firms" remain "high relative to historical norms." PRICE ACTION: Following the circulation of the comments in the Fed report, shares of Facebook (FB) are down 88c, or 1.3%, to $67.02, Twitter (TWTR) is down 24c, or 0.6%, to $38.07 and LinkedIn (LNKD), is down 21c, or 0.1%, to $159.57. Shares of some biotechnology companies including Celgene (CELG) and Amgen (AMGN) also ticked lower following the circulation of the comments from the Fed's report.
10:18 EDTLNKDFacebook, Twitter move lower following comments from Yellen
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09:31 EDTHHyatt opens Hyatt Place Santiago/Vitacura
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July 14, 2014
15:45 EDTJWNNordstrom in talks to buy personal shopper start-up Trunk Club, Re/code says
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09:46 EDTLNKDLinkedIn acquires Newsle; Terms not announced
In a blog post, LinkedIn announced that it has acquired Newsle, a machine learning startup that specializes in disambiguation, natural language processing. he terms of the acquisition were not announced, but LinkedIn says that Newsle will continue to operate as a standalone product for the time being. Reference Link
09:23 EDTWLPWellPoint Q2 EPS likely to beat consensus by 55c, says Sterne Agee
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07:22 EDTWLPHealthcare Education Associates to hold a conference
4th Annual RISE California Summit to be held in San Diego on July 13-15.
July 13, 2014
15:54 EDTTGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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July 11, 2014
06:10 EDTLNKDJPMorgan expects solid Q2 results in Internet space
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