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Stock Market & Financial Investment News

News Breaks
February 5, 2013
15:35 EDTEQIX, MCO, MHP, IACI, SDIncreasing implied volatility: MCO SD MHP EQIX IACI
News For MCO;SD;MHP;EQIX;IACI From The Last 14 Days
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June 19, 2013
18:55 EDTSDOn The Fly: After Hours Movers
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16:23 EDTSDSandRidge independent investigation completed, Ward not terminated for cause
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16:19 EDTSDSandRidge Energy CEO Tom Ward leaving the company, CFO James Bennett named CEO
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12:43 EDTSDCooperman says SandRidge assets worth close to $10 per share
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June 13, 2013
07:52 EDTMCOMoody's to host a teleconference
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June 12, 2013
07:21 EDTMCOThe NYSSA to host a conference
23rd Annual High Yield Bond Conference is being held in New York on June 12.
June 11, 2013
10:03 EDTMCOOn The Fly: Analyst Downgrade Summary
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06:19 EDTMCOMoody's downgraded to Hold from Buy at Benchmark Co.
Benchmark Co. downgraded Moody's citing valuation and expectations for slowing Ratings revenue growth. The firm, however, raised its price target for shares to $71 from $60.
June 10, 2013
14:03 EDTEQIXEquinix mentioned positively at Cowen
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08:44 EDTEQIXEquinix very likely to convert to REIT by January 2015, says Wells Fargo
After speaking with an expert on REIT conversions, Wells Fargo does not believe that the IRS is looking to completely overhaul the REIT system. The firm believes that Equinix's risk/reward ratio is favorable and it reiterates an Outperform rating on the stock.
07:28 EDTMCOMoody's downgraded to Neutral from Buy at Lazard Capital
Lazard Capital downgraded Moody's citing valuation and the potential for issuance trends to slow in the second half of 2013.
June 7, 2013
16:26 EDTEQIXOn The Fly: Closing Wrap
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14:39 EDTEQIXShares poised to finish week higher as jobs report reassures investors
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12:57 EDTEQIXOn The Fly: Midday Wrap
The Wall Street averages were all up about 1% near midday after the monthly jobs report beat forecasts. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell over 17% as the amount of money the company received in the deal fell short of analyst expectations. MAJOR MOVERS: Among the notable gainers were JinkoSolar (JKS) and Thor Industries (THO), which both gained over 10% following their earnings reports. Also higher were shares of Yum! Brands (YUM), which rose nearly 3% after UBS upgraded the stock to Buy. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notably, Iron Mountain (IRM) fell almost 16%, Copart (CPRT) dropped over 6%, and Equinix (EQIX) slid over 5%. INDICES: Near 1 pm ET, the Dow was up 168.95, or 1.12%, to 15,209.57; the Nasdaq was up 35.12, or 1.03%, to 3,459.17; and the S&P 500 was up 15.41, or 0.95%, to 1,637.97.
10:34 EDTEQIXREIT hopefuls decline after IRS launches review
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09:27 EDTEQIXOn The Fly: Pre-market Movers
HIGHER: Concurrent (CCUR), up 9.2% after doubling its dividend... Christopher & Banks (CBK), up 9.1% after quarterly earnings, revenue beat expectations... Gamestop (GME), up 2.5% after Microsoft (MSFT) clarifies how games licensing will works on upcoming Xbox One system... Arena (ARNA), up 1.7% after saying Belviq weight-loss drug available in U.s. next week, triggering milestone payment. LOWER: TiVo (XXX), down 18.7% after announcing patent litigation with Google's (GOOG) Motorola, Cisco (CSCO) and Time Warner Cable (TWC), doubles stock buyback authorization... Iron Mountain (IRM), down 17.2%, Lamar Advertising (LAMR), down 8.3%, Equinix (EQIX), down 7.8%, CBS (CBS), down 2.1%, after IRS forms working group on REIT issues, which could delay some of those companies plans for or consideration of REIT conversion... Intel (INTC), down 0.8% following downgrade to Underweight at Piper Jaffray.
09:13 EDTEQIXEquinix weakness a buying opportunity, says Cowen
Cowen said the only way Equinix is ultimately denied REIT approval is if the IRS decides to throw out all data center companies as REITs, which is unlikely.
08:57 EDTEQIXEquinix volatility flat into concerns of qualifying for REIT status
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08:56 EDTIACIIAC management to meet with Deutsche Bank
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07:53 EDTEQIXIRS move a net negative for REIT conversion hopefuls, says Jefferies
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