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Stock Market & Financial Investment News

News Breaks
February 26, 2013
10:00 EDTOKS, LSI, MO, CL, MDP, CHMT, TSN, TC, ATML, ROSE, RIG, ATW, MMC, TXN, ADM, KYO, AFFY, LOOn 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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February 23, 2015
17:33 EDTROSERosetta Resources reports Q4 adjusted EPS 25c, consensus 28c
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17:31 EDTROSERosetta Resources sees FY15, FY16 CapEx $350M
Rosetta Resources announced its strategic plan to hold its core acreage positions and prudently develop its portfolio of projects in a manner that conserves inventory for a commodity price recovery and maintains the strength of the company's balance sheet. The company sees preserving resource inventory and defending production levels as the most appropriate course of action for delivering attractive shareholder value in a depressed commodity price environment. Based on current commodity price expectations, the company plans to spend up to $350M in capital per year, operate within cash flow and deliver targeted annual production volumes of about 60,000 barrels of oil equivalent per day for the full-years 2015 and 2016. The first year of the company's two-year operational program is based on completing roughly 20 gross operated wells in the Eagle Ford and eight gross operated wells in the Permian. The company will focus on the high rate of return areas in the southern Gates Ranch and the Wolfcamp 'A' bench in the Delaware Basin. Drilling and completion costs should account for approximately 80% of the total spending with the remaining 20% allocated to central facilities, leasehold, and other corporate costs. As a result of the lower capital spending program, full-year 2015 production guidance is expected to range from 58 62 MBoe/d. For the first quarter of 2015 the company's production guidance is 64 67 MBoe/d. The average oil ratio is expected to be approximately 28% in 2015 as the majority of activity moves to southern Gates Ranch. Rosetta's capital project activity and guidance anticipates the realization of drilling, completion and other service cost reductions ranging from 20%- 30% as compared with 2014 levels.
16:22 EDTOKSONEOK Partners lowers 2015 distribution growth outlook to 3%-5% from 8%
ONEOK Partners said that due to the current commodity price environment, it is replacing all previously announced guidance expectations and financial forecasts with a revised 2015 outlook. The partnership reduced its expected adjusted EBITDA to $1.51B-$1.73B, compared with the previous guidance range of $1.77B-$1.99B announced on Dec. 2, 2014. It stated, "The reduction in 2015 adjusted EBITDA guidance is due to significantly lower natural gas and natural gas liquids prices, particularly ethane and propane. 2015 natural gas gathered and processed volumes are expected to grow approximately 10 percent and 8 percent, respectively, compared with 2014, as the partnership benefits from natural gas flaring inventory in North Dakota, a backlog of new well connections and continued drilling in core areas of the Bakken and Cana Woodford shales." The partnership's DCF is expected to be in the range of $1.08B-$1.26B, compared with the previous guidance range of $1.31B-$1.49B. In addition, the partnership reduced its 2015 net income attributable to ONEOK Partners guidance range to $845M-$1.01B, compared with the previous guidance range of $1.12B-$1.25B. 2015 revised guidance now includes a projected 3%-5% increase in unitholder distributions declared compared with 2014, subject to ONEOK Partners board approval, compared with its previous guidance of an 8% increase. The partnership also revised 2015 volume guidance for natural gas gathered and processed and NGLs gathered and fractionated. Natural gas gathered is expected to be approximately 1,905 billion British thermal units per day, compared with the previous guidance of 2,010 BBtu/d, and natural gas processed is expected to be approximately 1,660 BBtu/d, compared with the previous guidance of 1,760 BBtu/d, due to reduced producer drilling in this low price commodity environment.
16:19 EDTOKSONEOK Partners reports Q4 EPS 67c, consensus 63c
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16:17 EDTOKSONEOK lowers 2015 dividend growth outlook to 4%-8% from 14%
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16:00 EDTRIGOptions Update; February 23, 2015
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15:23 EDTOKS, ROSENotable companies reporting after market close
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11:29 EDTADMEU investigates Cargill's proposed acquisition of ADM's chocolate business
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10:45 EDTLOOptions with increasing implied volatility
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09:59 EDTRIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:59 EDTCLOn The Fly: Analyst Upgrade Summary
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09:25 EDTRIGOn The Fly: Pre-market Movers
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09:06 EDTOKSONEOK names Robert Martinovich to Chief Administrative Officer
Robert Martinovich, currently EVP of commercial, becomes executive vice president and Chief Administrative Officer, responsible for human resources, corporate services and information technology. The company also announced Walter Hulse joined the company as EVP of strategic planning and corporate affairs.
08:09 EDTRIGTransocean downgraded to Negative from Neutral at Susquehanna
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08:01 EDTRIGTransocean downgraded to Negative from Neutral at Susquehanna
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07:37 EDTATWCredit Suisse to hold a summit
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06:30 EDTCLColgate-Palmolive upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Colgate-Palmolive to Buy saying the stock's multiple should expand as earnings growth visibility improves. Citi believes Colgate has "best-in-class" growth.
February 20, 2015
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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06:20 EDTATMLAtmel management to meet with Pacific Crest
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06:13 EDTMDPCiti still sees Time being bought by Meredith
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