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Stock Market & Financial Investment News

News Breaks
February 26, 2013
10:00 EDTATW, MMC, TXN, ADM, KYO, AFFY, LO, OKS, LSI, MO, CL, MDP, CHMT, TSN, TC, ATML, ROSE, RIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Neutral from Buy at BofA/Merrill... Archer Daniels (ADM) downgraded to Market Perform from Outperform at BMO Capital... Atmel (ATML) downgraded to Market Perform from Outperform at FBR Capital... Colgate-Palmolive (CL) downgraded to Neutral from Buy at BofA/Merrill... LSI Corp. (LSI) downgraded to Market Perform from Outperform at FBR Capital... Texas Instruments (TXN) downgraded to Equal Weight from Overweight at Evercore... Thompson Creek (TC) downgraded to Reduce from Hold at TD Securities... ONEOK Partners (OKS) downgraded to Neutral from Outperform at Credit Suisse... Marsh & McLennan (MMC) downgraded to Hold from Buy at Sandler ONeill... Altria Group (MO) downgraded at BofA/Merrill... Oceaneering (OII) downgraded to Neutral from Outperform at Macquarie... Tyson Foods (TSN) downgraded to Equal Weight from Overweight at Stephens... Lorillard (LO) downgraded to Underperform from Buy at CLSA... Colgate-Palmolive (CL) downgraded at BofA/Merrill... Atwood Oceanics (ATW) downgraded to Neutral from Outperform at Macquarie... Transocean (RIG) downgraded to Neutral from Outperform at Macquarie... Chemtura (CHMT) downgraded to Perform from Outperform at Oppenheimer... Meredith (MDP) downgraded to Neutral from Overweight at Piper Jaffray... Affymax (AFFY) downgraded to Neutral from Buy at Lazard Capital... Kyocera (KYO) downgraded to Neutral from Buy at BofA/Merrill... Rosetta Resources (ROSE) downgraded to Sell from Hold at Miller Tabak.
News For MO;ADM;ATML;LSI;TXN;TC;OKS;MMC;TSN;LO;ATW;CHMT;AFFY;RIG;MDP;KYO;ROSE;CL From The Last 14 Days
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November 17, 2014
09:22 EDTTSNOn The Fly: Pre-market Movers
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07:35 EDTTSNTyson Foods sees Hillshire acquisition adding $4B in revenues in FY15
The company says "We expect to realize substantial synergies from combining our Prepared Foods business with Hillshire Brands. Synergies are expected to come primarily from operational improvements, purchasing and distribution. As we execute our Prepared Foods strategy, we estimate the impact of the Hillshire Brands synergies, along with the cost savings and the production efficiencies associated with the previously announced plant closures, will positively impact our Prepared Foods segment by more than $225 million in fiscal 2015, and more than $500 million by the third full year of ownership. As we continue to integrate these businesses and deliver the first year synergies, the near-term results for fiscal 2015 are expected to be above the top end of our prior range of 6% despite a projected increase in raw material costs. However, as a result of the improvements we have made in our Prepared Foods business, our acquisition of Hillshire Brands and the significant synergies we expect to realize over the next few years, we believe the long-term profitability of this business should be between 10-12%."
07:35 EDTTSNTyson Foods sees FY15 sales $42B, consensus $42.51B
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07:33 EDTTSNTyson Foods sees FY15 adjusted EPS $3.30-$3.40, consensus $3.33
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07:32 EDTTSNTyson Foods reports Q4 adjusted EPS 87c, consensus 76c
Reports Q4 revenue $10.11B, consensus $10.16B.
07:16 EDTROSETopeka to hold a bus tour
Houston Bus Tour travels throughout Houston, Texas on November 17-18.
07:12 EDTATW, RIGBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
17:13 EDTLOAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
16:52 EDTCHMTGreenlight Capital gives quarterly update on stakes
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12:53 EDTRIGOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
11:28 EDTRIGStocks with call strike movement; RIG GME
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10:03 EDTATWHigh option volume stocks
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November 13, 2014
15:45 EDTRIGHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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10:01 EDTTSNOn The Fly: Analyst Initiation Summary
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10:01 EDTROSEOn The Fly: Analyst Upgrade Summary
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08:29 EDTROSERosetta Resources upgraded at BMO Capital
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08:29 EDTCHMTChemtura announces restructuring, cost reduction plan
Chemtura announced a restructuring plan to reduce manufacturing conversion costs by approximately $50M, or about 10% annually, eliminate approximately $15M of annual stranded costs arising from the previously announced sale of the Chemtura AgroSolutions business, and reduce selling, general and administrative costs by at least $12M annually. Despite the success of many of Chemtura's improvement initiatives, the Company faces continuing weak demand conditions in some of the market applications it serves, as well as excess capacity in bromine and certain organometallics. While the company expects the bromine industry and electronics market to recover and grow to new heights, that growth may not occur in the coming year. The company expects to incur approximately $37M in cash costs to implement the restructuring plan, recording the majority of this expense in 4Q14 and 1Q15. The cash expenditures associated with these actions will continue into 3Q15. The company anticipates that the full run rate of the manufacturing and SG&A savings will be embedded in its performance by the third quarter of 2015, with annual savings of approximately $50M for the calendar year of 2015. Of the $15M of annual stranded costs, the company anticipates having eliminated them by 2Q15 with approximately $3M being incurred in the 1Q15.
08:08 EDTATMLAtmel partners with IAR Systems for microprocessor portfolio support
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06:44 EDTTSNTyson Foods initiated with an Outperform at RBC Capital
Target $48.
04:10 EDTROSERosetta Resources upgraded to Outperform from Market Perform at BMO Capital
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