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Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:07 EDTHALO, FB, CSCO, FTI, PCS, VRSK, HPQ, GWW, ECA, COF, DD, MFC, INFY, HES, FIO, DE, MDRX, NUE, XLNX, PRXLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allscripts (MDRX) upgraded to Strong Buy from Market Perform at Raymond James... Capital One (COF) upgraded to Buy from Neutral at Goldman... Cisco (CSCO) upgraded to Outperform from Market Perform at William Blair... Deere (DE) upgraded to Neutral from Underweight at JPMorgan... Encana (ECA) upgraded to Buy from Hold at Societe Generale... Facebook (FB) upgraded to Buy from Hold at Deutsche Bank... Fusion-io (FIO) upgraded to Overweight from Neutral at JPMorgan... Grainger (GWW) upgraded to Buy from Hold at Wunderlich... Halozyme (HALO) upgraded to Outperform from Market Perform at BMO Capital... Hess Corp. (HES) upgraded to Neutral from Underperform at Credit Suisse... Hewlett-Packard (HPQ) upgraded to Neutral from Underweight at JPMorgan... Infosys (INFY) upgraded to Overweight from Equal Weight at Barclays... PAREXEL (PRXL) upgraded to Neutral from Sell at Goldman... Verisk Analytics (VRSK) upgraded to Overweight from Equal Weight at Barclays... Xilinx (XLNX) upgraded to Outperform from Neutral at Credit Suisse... Encana (ECA) upgraded to Buy from Neutral at UBS... Manulife Financial (MFC) upgraded to Buy from Neutral at UBS... MetroPCS (PCS) upgraded to Outperform from Market Perform at Raymond James... Nucor (NUE) upgraded to Buy from Hold at KeyBanc... DuPont (DD) upgraded to Outperform from Neutral at Macquarie... Infosys (INFY) upgraded to Buy from Neutral at UBS... FMC Technologies (FTI) upgraded to Buy from Accumulate at Global Hunter.
News For MDRX;COF;CSCO;DE;ECA;FB;FIO;GWW;HALO;HES;HPQ;PRXL;INFY;VRSK;XLNX;MFC;PCS;NUE;DD;FTI From The Last 14 Days
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January 15, 2015
05:41 EDTXLNXXilinx downgraded to Equal Weight from Overweight at Barclays
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05:32 EDTNUENucor initiated with an Overweight at Barclays
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January 14, 2015
10:27 EDTFBFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:46 EDTFBFacebook initiated with a Buy at Rosenblatt
Target $100.
07:37 EDTMDRXJPMorgan to hold a conference
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07:17 EDTFBFacebook price target raised to $100 from $88 at Oppenheimer
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07:17 EDTXLNXXilinx downgraded to Neutral from Overweight at JPMorgan
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07:13 EDTFBFacebook price target raised to $102 on FAN contribution at Credit Suisse
Credit Suisse raised Outperform rated Facebook's price target to $102 from $88 to reflect new mobile ad network FAN into its estimates. The analyst expects Premium Video to have a greater impact on 2015 financials and longer-term for new products and yet-to-be monetized properties to continue to drive estimates.
06:41 EDTXLNXXilinx downgraded to Sector Perform from Outperform at Pacific Crest
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06:14 EDTHPQMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
12:48 EDTHPQOn The Fly: Midday Wrap
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11:57 EDTHPQHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTFBJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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11:31 EDTNUEBofA/Merrill metals & steel analysts hold analyst/industry conference call
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10:17 EDTHALOOptions with decreasing implied volatility
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10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
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09:52 EDTDDDuPont workers exposed to lethal chemicals for years, Houston Chronicle reports
DuPont workers may have been exposed to potentially lethal chemical for years due to malfunctions with a exhaust and ventilation system inside its La Porte pesticide plant, reports the Houston Chronicle. The company had a catastrophic release that killed four people on November 15. But according to reports filed with the Texas Commission on Environmental Quality, it appears no one ever alerted officials with the Occupational Health and Safety Administration smaller, but still significant levels of toxic gas released during troubleshooting activities. Reference Link
08:34 EDTPRXLPAREXEL book-to-bill suggests growth returning, says UBS
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08:34 EDTPRXLPAREXEL sees December quarter exceeding 1.4 book-to-bill ratio
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06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
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