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Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:31 EDTMRO, CVA, MWV, HSH, IDCC, AL, TIBX, KKD, WLBHigh option volume stocks
High option volume stocks: MRO CVA MWV HSH IDCC AL LJ TIBX KKD WLB
News For MRO;CVA;MWV;HSH;IDCC;AL;TIBX;KKD;WLB From The Last 14 Days
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October 27, 2014
10:00 EDTCVAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
06:10 EDTCVACovanta assumed with a Neutral from Outperform at Macquarie
Macquarie downgraded Covanta to Neutral after assuming coverage of the stock citing limited near-term catalysts following the company's dividend boost and cost savings announcements. The firm lowered its price target for shares to $23 from $26.
October 24, 2014
16:21 EDTCVACovanta files automatic mixed securities shelf
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10:03 EDTMROOn The Fly: Analyst Initiation Summary
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06:08 EDTMROMarathon Oil initiated with a Buy at Mizuho
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October 23, 2014
15:15 EDTWLBWestmoreland update on 2015 outlook reassuring, says Brean Capital
Brean Capital believes Westmoreland fundamental drivers remain intact and that the stock's current valuation "defies reason." The firm views the 2015 outlook update that the company gave along with its Q3 results as "reassuring" and it reiterates its Buy rating and $60 price target on the stock, which is down about 3.5% to $32.84 in afternoon trading.
10:14 EDTWLBWestmoreland Q3 results include $23.7M charge for derivative losses
Westmoreland Coal's Q3 net loss of $49.3M included charges of $23.7M of unrealized, non-cash derivative based losses and $3.3M of restructuring charges. The company said it is focused on closing its recently announced Oxford transaction and the associated refinancing of Westmoreland's debt, both of which it plans on accomplishing during Q4.
10:11 EDTWLBWestmoreland reports Q3 EPS ($2.95), consensus ($1.14)
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06:02 EDTKKDKrispy Kreme to open first location in South America with Bogotá store
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October 22, 2014
16:15 EDTCVACovanta backs FY14 EPS view 35c-50c, consensus 44c
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16:13 EDTCVACovanta reports Q3 EPS 26c, consensus 21c
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15:30 EDTCVANotable companies reporting after market close
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11:44 EDTIDCCPatent holding firms losing ground against big tech, Reuters says
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October 21, 2014
10:00 EDTALOn The Fly: Analyst Upgrade Summary
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08:05 EDTTIBXTIBCO Software chosen by Rail Europe 4A
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07:00 EDTALAir Lease upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Air Lease to Outperform with a $46 price target based on valuation, 20%+ EPS growth, and a significant order book that will drive portfolio growth.
October 17, 2014
16:17 EDTWLBOn The Fly: Closing Wrap
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12:52 EDTWLBOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday, as the averages bounce back following steep declines in several recent sessions. Better than expected earnings from General Electric (GE) and Morgan Stanley (MS), a rebound in European stock markets and a stronger than expected reading on U.S. consumer confidence may all be contributing to the brightened mood evidenced by today's trading. ECONOMIC EVENTS: In the U.S., housing starts rebounded 6.3% to a 1.017M pace in September, beating expectations for a monthly increase of 4.6%. Building permits increased 1.5% to a 1.018M rate, which was below the expected 2.3% rise. The first release on the University of Michigan's consumer sentiment index for October came in at 86.4, versus expectations for a decline to 84.0 from the prior 84.6 reading. COMPANY NEWS: General Electric shares rose over 3% after the company reported better than expected third quarter profit and nearly in-line revenues. Morgan Stanley, whose quarterly results also topped Street expectations, advanced 2.5%. MAJOR MOVERS: Among the notable gainers was Westmoreland Coal (WLB), which gained 23% after it stuck a deal to acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. Afterward, Brean Capital raised its price target on Westmoreland to $60, noting the announcement represents an entry into the MLP space. Also higher were shares of Textron (TXT), which advanced 11% after the aircraft and defense company reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. Among the noteworthy losers was Urban Outfitters (URBN), which dropped 13% and was downgraded by at least three Street research firms after the owner of Anthropologie and its namesake clothing stores warned that its Q3 earnings may be negatively impacted by continued weakness in its comparable retail sales. Also lower was Myriad Genetics (MYGN), which fell 7% after guiding to lower than expected Q1 adjusted earnings, citing a higher than expected increase in costs to perform its myRisk Hereditary Cancer test following the test's national launch. INDEXES: Near midday, the Dow was up 295.34, or 1.83%, to 16,412.58, the Nasdaq was up 62.43, or 1.48%, to 4,279.82, and the S&P 500 was up 29.48, or 1.58%, to 1,892.24.
10:51 EDTTIBXOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX
08:01 EDTWLBWestmoreland price target raised to $60 from $52 at Brean Capital
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