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November 9, 2012
11:21 EDTSMI, KGC, FLT, OZRK, PEG, ISIS, ETP, ATK, SBUX, MRO, HRZN, CXO, MMMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M Company (MMM) upgraded to Neutral from Reduce at Nomura... Alliant Techsystems (ATK) upgraded to Buy from Neutral at Goldman... Bank of the Ozarks (OZRK) upgraded to Buy from Neutral at Sterne Agee... Concho Resources (CXO) upgraded to Buy from Hold at Stifel Nicolaus... Energy Transfer Partners (ETP) upgraded to Equal Weight at Morgan Stanley... FleetCor (FLT) upgraded to Buy from Neutral at Citigroup... Horizon Technology (HRZN) upgraded to Buy from Hold at Gilford Securities... Isis Pharmaceuticals (ISIS) upgraded to Outperform from Neutral at Cowen... Kinross Gold (KGC) upgraded to Outperform from Neutral at Macquarie... Marathon Oil (MRO) upgraded to Overweight from Neutral at JPMorgan.... PSEG (PEG) upgraded to Hold from Sell at ISI Group... Semiconductor Manufacturing (SMI) upgraded to Market Perform at Bernstein... Starbucks (SBUX) upgraded to Buy from Hold at Argus.
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October 6, 2015
07:12 EDTCXOConcho Resources downgraded to Neutral from Buy at SunTrust
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October 5, 2015
20:32 EDTSMISemiconductor Manufacturing management to meet with Topeka
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12:51 EDTMMM3M Drug Delivery Systems and Impel NeuroPharma form strategic alliance
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October 2, 2015
17:37 EDTKGCKinross Gold addresses regulatory review of West Africa operations
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October 1, 2015
15:30 EDTOZRKBank of the Ozarks raises quarterly dividend to 14.5c per share
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12:57 EDTMROOptions with increasing put volume
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11:53 EDTSBUXDunkin' Brands sinks after announcing plans to close 100 U.S. stores
Shares of Dunkin' Brands (DNKN), a franchisor of quick service restaurants specializing in coffee and baked goods, are falling after the company projected third quarter U.S. same-store sales that fell below the prior year period. Additionally, Dunkin' said it would close 100 stores in the U.S. in 2015 and 2016. WHAT'S NEW: This morning during its Investor & Analyst Day presentation, Dunkin' Brands repeated its adjusted earnings per share guidance for fiscal year 2015 of $1.87-$1.91, below analysts' consensus of $1.92. Revenue for the fiscal year is seen increasing 6%-8%, compared to the consensus of $808.07M. The company also repeated its FY15 Dunkin' Donuts U.S. SSS guidance of up 1%-3% and Baskin-Robbins U.S. SSS up 1%-3%. Looking further ahead, Dunkin' Brands said it is targeting up to 15% adjusted EPS growth over the next 5 years along with mid to high single digit revenue growth and 10%+ adjusted operating income growth. It's also targeting U.S. comps growth of 2%-4% over the next five years along with total net unit development of 4%-6%. WHAT'S NOTABLE: Dunkin' estimated that same-store sales will grow 1.1% in Q3 at its U.S. Dunkin' Donuts stores compared with a 2% increase in the year-ago period. Additionally, the company said it expects to close 100 Dunkin' Donuts U.S. stores in 2015 and 2016. Dunkin' noted that its gross openings forecast remains unchanged. PRICE ACTION: In late morning trading, Dunkin' Brands fell $5.34, or about 10.8%, to $43.71 on more than four times its average daily trading volume. Including today's pull back, the shares have lost approximately 1% over the past 12 months. OTHERS TO WATCH: Dunkin' Brands peers include Starbucks (SBUX) and Panera Bread (PNRA), which are down 0.1% and 1.05%, respectively.
09:20 EDTCXOOn The Fly: Pre-market Movers
HIGHER: XOMA (XOMA), up 55.7% after announcing an agreement for anti-TGFb program with Novartis (NVS)... Sarepta Therapeutics (SRPT), up 10.6% after announcing additional clinical efficacy and safety data from the company's Phase IIb program of eteplirsen... Huntsman (HUN), up 3.8% after announcing a $150M share repurchase program... Mellanox (MLNX), up 3.2% after raising third quarter revenue guidance. DOWN AFTER EARNINGS: McCormick (MKC), down 3.4%. ALSO LOWER: Capstone Turbine (CPST), down 26.5% after announcing that its preliminary second quarter earnings were notably below management's expectations and analysts' consensus estimates... Concho Resources (CXO), down 3.9% after 7.7M share Spot Secondary priced at $92.50... AGCO (AGCO), down 3.5% after being downgraded to Sell from Neutral at UBS.
07:56 EDTCXOConcho Resources 7.7M share Spot Secondary priced at $92.50
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05:23 EDTETPPhillips 66, Energy Transfer, Sunoco Logistics begin open season for BBP
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September 30, 2015
19:12 EDTCXOOn The Fly: After Hours Movers
UP AFTER EARNINGS: 8Point3 Energy (CAFD), up 3.2%. ALSO HIGHER: PBF Energy (PBF), up 4.3% after announcing that it will acquire a Torrance, CA refinery from ExxonMobil (XOM)... Verisk Analytics (VRSK), up 5.2% after being added to the S&P 500. LOWER: Medgenics (MDGN), down 11.1% after filing to sell common stock... Concho Resources (CXO), down 4.4% after filing to sell 7M shares of common stock... Joy Global (JOY), down 2.2% after Verisk Analytics replaced the company in the S&P 500... Amicus Therapeutics (FOLD), down 1.7% after filing to sell 5.92M shares of common stock for holders.
17:30 EDTSBUXStarbucks is launching Mobile Order & Pay in the UK
Starbucks is launching Mobile Order & Pay in the UK, allowing customers to pre-order their favourite drinks and food in over 150 London stores and save time in the queue. The company said, "Rolling out from 1st of October, the new feature, available exclusively within the Starbucks App, offers customers greater convenience: the ability to customise their drink and food orders as well as time savings of up to 10-15 minutes. Using the App allows customers to order ahead from the Starbucks menu. Following confirmation, orders are immediately sent to the chosen local Starbucks store where baristas begin preparing the order and an approximate collection time is sent to the customer to pick up their order directly from their barista - skipping the queue. Users of the app are also rewarded with exclusive opportunities to earn Stars with the My Starbucks Rewards loyalty programme. The App has received a very positive response from customers in the United States where it has been available since December 2014. According to customer feedback, the App typically saves commuters and working people 10-15 minutes in their day; parents with young children find it easier to order ahead than stand in line, while speech and hearing-impaired customers have hailed the App as a 'game changer' in helping them to get their correct order, fast."
16:06 EDTCXOConcho Resources files to sell 7M shares of common stock
J.P. Morgan and Credit Suisse are acting as joint book-running managers for the offering.
10:01 EDTFLTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abengoa Yield (ABY) downgraded to Equal Weight from Overweight at Morgan Stanley... American Airlines (AAL) downgraded to Neutral from Buy at Goldman... Baidu (BIDU) downgraded to Hold from Buy at Summit Research... Banco Santander (SAN) downgraded to Neutral from Overweight at JPMorgan... Barracuda (CUDA) downgraded to Equal Weight from Overweight at Stephens... Basic Energy (BAS) downgraded to In-Line from Outperform at Imperial Capital... C.H. Robinson (CHRW) downgraded to Sell from Neutral at Goldman... Cheetah Mobile (CMCM) downgraded to Neutral from Outperform at Credit Suisse... FleetCor (FLT) downgraded to Hold from Buy at Evercore ISI... Gap (GPS) downgraded to Sell from Neutral at UBS... Genuine Parts (GPC) downgraded to Sell from Neutral at Goldman... Grupo Televisa (TV) downgraded to Hold from Buy at HSBC... ITC Holdings (ITC) downgraded to Sell from Neutral at UBS... Lantheus (LNTH) downgraded to Market Perform from Outperform at Wells Fargo... Rentrak (RENT) downgraded to Buy from Strong Buy at Needham... SQM (SQM) downgraded to Neutral from Overweight at JPMorgan... Sequenom (SQNM) downgraded to Hold from Buy at Jefferies... Team (TISI) downgraded to Equal Weight from Overweight at Stephens... Universal Truckload (UACL) downgraded to Hold from Buy at BB&T.
06:14 EDTFLTFleetCor downgraded to Hold from Buy at Evercore ISI
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September 28, 2015
16:11 EDTHRZNHorizon Technology announces $5M share repurchase plan
Horizon Technology announced that its board of directors has authorized the repurchase of up to $5M of its common stock at prices below Horizon's net asset value per share as reported in its most recent financial statements. Unless extended by Horizon's board of directors, the repurchase program will terminate on the earlier of September 30, 2016 and the repurchase of $5M of Horizon's common stock.
13:33 EDTPEGGE announces 18th and 19th HA Gas Turbine orders
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07:10 EDTETPWilliams Partners announces termination of merger agreement with Williams
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07:07 EDTETPEnergy Transfer Equity sees Williams deal immediately accretive to cash flow
At closing, the transaction will be immediately accretive to distributable cash flow and distributions per unit for ETE and is expected to be credit positive to ETE's credit ratings; ETE's distribution growth rate is expected to remain at its current level; As a result of diligence, the size of both the expected cost savings and the anticipated commercial synergies exceeds ETE's previous expectations and will help ensure that the duration of ETE's distribution growth rate will be longer as a result of the transaction. There is no expected impact to WPZ's credit ratings as a result of the ETE/Williams combination; WPZ unitholders will have greater distributable cash flow from material cost savings and synergies of up to $400 million per annum with WPZ joining the Energy Transfer shared service model; the combination will create new commercial opportunities for WPZ, including the potential to acquire assets from the overall Energy Transfer group, that will improve WPZ's business outlook, cash flow growth and overall financial profile; WPZ unitholders will benefit from having a general partner, ETE, that, based on the unique intrinsic financial and strategic optionality in the Energy Transfer family, will be in a position to help WPZ fully realize its long-term growth potential; and WPZ will receive a $428 million break-up fee for the termination of its merger agreement with WMB payable to all outstanding limited partnership units of WPZ including WMB's approximate 60 percent ownership.
07:05 EDTETPWilliams Partners, Williams withdraw financial guidance
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