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Stock Market & Financial Investment News

News Breaks
July 8, 2014
10:28 EDTVALE, GRPN, RIO, WDR, RRC, AIV, GES, MMM, CGIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M Company (MMM) upgraded to Buy from Hold at Argus... Aimco (AIV) upgraded to Buy from Neutral at UBS... Celadon Group (CGI) upgraded at Stifel... Groupon (GRPN) upgraded to Buy from Neutral at B. Riley... Guess (GES) upgraded to Overweight from Neutral at Piper Jaffray... Range Resources (RRC) upgraded to Hold from Reduce at KLR Group... Rio Tinto (RIO) upgraded to Overweight from Equal Weight at Barclays... Vale (VALE) upgraded to Equal Weight from Underweight at Barclays... Waddell & Reed (WDR) upgraded at Sterne Agee.
News For MMM;AIV;CGI;GES;GRPN;RRC;RIO;VALE;WDR From The Last 14 Days
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July 28, 2015
16:43 EDTRRCRange Resources sees FY15 CapEx $870M
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16:43 EDTRRCRange Resources reports Q2 production averaged 1,373 Mmcfe per day
Representing a 24% increase over the prior-year quarter.
16:42 EDTRRCRange Resources reports Q2 adjusted EPS 1c, consensus 4c
Reports Q2 adjusted revenue $405M, consensus $405.58M.
16:00 EDTVALEOptions Update; July 28, 2015
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15:21 EDTRRCNotable companies reporting after market close
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07:00 EDTWDRWaddell & Reed reports Q2 EPS 80c, consensus 83c
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July 27, 2015
08:52 EDTCGINavistar Celadon Group finalized remaining 7,950 orders from Quality Companies
International Truck (NAV) announced it has finalized the remaining 7,950 orders from Quality Companies, a wholly owned subsidiary of Celadon Group (CGI). The 9,000 vehicle commitment consists primarily of International ProStar and LoneStar vehicles powered by Cummins ISX-15 engines, and will be spread across the next three years.
07:44 EDTMMM3M pullback a buying opportunity, says BofA/Merrill
BofA/Merrill said the pullback in 3M shares following Q2 results on guidance fears is overdone. The firm said 3M's top line is lees cyclical than peers and shares historically outperform during an industrial slowdown or recession. BofA/Merrill said returns are improving and margins expanding driven by raw material costs and pricing. The firm rates shares a Buy with a $181 price target, down from $190.
July 24, 2015
09:31 EDTMMM3M weakness a buying opportunity, says Argus
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July 23, 2015
18:21 EDTMMMOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
12:32 EDTMMMOn The Fly: Top stock stories at midday
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10:00 EDTAIVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARRIS (ARRS) initiated with a Buy at Drexel Hamilton... AVG Technologies (AVG) initiated with an Overweight at JPMorgan... Aaron's (AAN) initiated with a Hold at Cantor... Aimco (AIV) initiated with a Hold at Canaccord... American Campus (ACC) initiated with a Hold at Canaccord... Antero Midstream (AM) initiated with a Buy at DA Davidson... Cheniere Energy Partners LP (CQP) initiated with a Buy at DA Davidson... CommScope (COMM) initiated with a Buy at Drexel Hamilton... Digirad Corp (DRAD) initiated with a Buy at B. Riley... Dominion Midstream (DM) initiated with a Buy at DA Davidson... Education Realty (EDR) initiated with a Buy at Canaccord... Enterprise Products (EPD) initiated with a Buy at DA Davidson... Essex Property Trust (ESS) initiated with a Hold at Canaccord... Extra Space Storage (EXR) initiated with an Outperform at Baird... Harmonic (HLIT) initiated with a Hold at Drexel Hamilton... Imprimis (IMMY) initiated with a Buy at Sterne Agee CRT... National Retail Properties (NNN) initiated with a Neutral at DA Davidson... Nutrisystem (NTRI) initiated with a Buy at Lake Street... PLC Systems Inc (PLC) initiated with a Buy at Sterne Agee CRT... PayPal (PYPL) initiated with a Neutral at UBS... Preferred Apartment (APTS) initiated with a Buy at Canaccord... Public Storage (PSA) initiated with a Neutral at Baird... Realty Income (O) initiated with a Neutral at DA Davidson... RingCentral (RNG) initiated with an Overweight at JPMorgan... SeaChange (SEAC) initiated with a Hold at Drexel Hamilton... Sovran Self Storage (SSS) initiated with an Outperform at Baird... Spectra Energy Partners (SEP) initiated with a Buy at DA Davidson... U-Store It Trust (YSI) initiated with an Outperform at Baird... Whitestone REIT (WSR) initiated with an Outperform at Baird... eBay (EBAY) initiated with an Equal Weight at Morgan Stanley.
07:36 EDTMMM3M narrows FY15 EPS view to $7.80-$8.00 from $7.80-$8.10
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07:33 EDTMMM3M reports Q2 EPS $2.02, consensus $2.00
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07:20 EDTRRCEQT Midstream Partners to build header pipeline for Range Resources
EQT Midstream Partners (EQM) announced that it has entered into a definitive agreement with Range Resources (RRC) – Appalachia, LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development. The pipeline will provide greater than half a billion cubic feet per day of firm capacity and is backed by a long-term firm capacity reservation commitment. EQT Midstream Partners will invest approximately $250M for the construction of 32 miles of pipeline and installation of approximately 32,000 horsepower of compression. The Partnership plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016 and phase two by mid-year 2017. The majority of capital investment is expected throughout 2016 and the first half of 2017.
06:43 EDTAIVAimco initiated with a Hold at Canaccord
Target $41.
July 22, 2015
13:29 EDTMMM3M technical comments before earnings
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July 20, 2015
16:23 EDTAIVAimco initiated with a Buy at SunTrust
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10:00 EDTRRCOn The Fly: Analyst Upgrade Summary
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08:01 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
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