New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 11, 2013
10:11 EDTSNCR, ROVI, MTH, C, CNX, BBY, MT, GNW, SFD, REN, MAS, CLD, BDSI, BBVA, OLN, MOS, TDG, NXPI, MAIN, CTCM, B, AHL, FSYSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Buy from Neutral at UBS... Aspen Insurance (AHL) upgraded to Outperform from Neutral at Credit Suisse... Banco Bilbao (BBVA) upgraded to Hold from Sell at Societe Generale... Barnes Group (B) upgraded to Buy from Hold at KeyBanc... Best Buy (BBY) upgraded to Overweight from Neutral at Piper Jaffray... BioDelivery Sciences (BDSI) upgraded to Overweight from Neutral at Piper Jaffray... CONSOL Energy (CNX) upgraded to Outperform from Market Perform at BMO Capital... CTC Media (CTCM) upgraded to Neutral from Underperform at Credit Suisse... Citigroup (C) upgraded to Buy from Neutral at UBS... Cloud Peak Energy (CLD) upgraded to Outperform from Market Perform at BMO Capital... Main Street (MAIN) upgraded to Outperform from Neutral at RW Baird... Masco (MAS) upgraded to Outperform from Sector Perform at RBC Capital... Meritage Homes (MTH) upgraded to Strong Buy from Buy at ISI Group... NXP Semiconductors (NXPI) upgraded to Positive from Neutral at Susquehanna... Resolute Energy (REN) upgraded to Buy from Hold at Wunderlich... Rovi (ROVI) upgraded to Overweight from Neutral at Piper Jaffray... Smithfield Foods (SFD) upgraded to Neutral from Underperform at BofA/Merrill... TransDigm (TDG) upgraded to Buy from Hold at Deutsche Bank... Synchronoss (SNCR) upgraded to Outperform from Market Perform at Avondale... Mosaic (MOS) upgraded to Outperform from Sector Perform at Scotia Capital... Genworth (GNW) upgraded to Outperform from Underperform at Scotia Capital... Synchronoss (SNCR) upgraded to Outperform from Market Perform at Avondale... Fuel Systems (FSYS) upgraded to Neutral from Underperform at Macquarie... Olin Corp. (OLN) upgraded to Buy from Neutral at Monness Crespi.
News For MT;AHL;BBVA;BBY;B;BDSI;CNX;CTCM;CLD;C;MAIN;MAS;MTH;NXPI;REN;ROVI;TDG;SFD;SNCR;MOS;GNW;FSYS;OLN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 20, 2015
08:12 EDTBBarnes Group management to meet with Jefferies
Subscribe for More Information
06:46 EDTCNXCONSOL expects to report Q2 loss from operations, EPS consensus 8c
Subscribe for More Information
06:19 EDTAHLAspen Insurance upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded Aspen Insurance to Neutral and increased its price target to $49 from $40 citing fair valuation and industry consolidation.
06:03 EDTCNXStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
July 19, 2015
19:12 EDTCFederal Reserve proposes changes to 'stress test' regulations
Subscribe for More Information
July 17, 2015
18:14 EDTCPetrobras hires Citi, others to handle fuel distribution unit IPO, Reuters says
Subscribe for More Information
16:41 EDTCStocks end week higher as Google, Greece bring out the buyers
Stocks ended the week higher and the major averages are back at record highs after Iran agreed to a nuclear deal, Greece's parliament paved the way for the country to receive another bailout by agreeing to new austerity measures and Google (GOOG) gave investors hope that earnings from tech's other heavyweights will be similarly better than expected. MACRO NEWS: In the U.S., retail sales unexpectedly fell 0.3% in June, versus the consensus forecast for growth of 0.3%. The producer prices index showed prices rose 0.4% in June, versus expectations for an increase of 0.2%. The consumer price index rose a seasonally adjusted 0.3% in June from a month earlier, matching the consensus forecast. Compared with last year, consumer prices rose 0.1%, marking the first annual increase since December. Housing starts rose 9.8% to a 1.17M rate in June and building permits rose 7.4% to a 1.34M pace, both of which topped expectations. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The University of Michigan's consumer sentiment reading dropped to 93.3 in the preliminary July figure, which was below the 96.0 reading that was expected. During testimony before Congress, Federal Reserve Chair Janet Yellen stayed on message, stating that the central bank is on track to raise record-low interest rates this year, so long as the labor market and the economy keep improving... In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. The nation's GDP was reported to have grown 7% in the second quarter from a year earlier, beating the consensus expectation for growth of 6.8%... In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers reportedly agreed in principle to extend a bridge loan to Greece. The loan should help keep Greece afloat while its Prime Minister negotiates the details of the country's latest bailout... Iran reached a deal on restrictions and inspections intended to prevent it from developing nuclear weapons in exchange for the lifting of economic sanctions by six world powers. The agreement still faces a political fight in the U.S. before taking effect, but President Barack Obama has vowed to veto any congressional effort to block its implementation. COMPANY NEWS: Class A shares of Google (GOOG, GOOGL) surged at the end of the week after the search giant reported better than expected revenues and earnings in the second quarter. Research firms all over Wall Street raised their price targets on the stock in the wake of the report... Netflix (NFLX) rallied to a split-adjusted all-time high after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... Many of the nation's largest banks reported on their results in the second quarter this week. JPMorgan (JPM), Bank of America (BAC) and Citigroup (C) all posted quarterly profits, excluding certain items, that beat the average estimates of analysts. Wells Fargo (WFC) reported earnings in-line with consensus estimates and revenue somewhat below expectations, while Goldman Sachs (GS) reported headline earnings that appeared to fall far short of the consensus forecast. However, that was due to Goldman's nearly $1.5B in provisions for litigation and regulatory matters. Excluding those provisions, the bank's earnings were ahead of consensus... On the M&A front, Receptos (RCPT) advanced after Celgene (CELG) announced a deal to buy the smaller drugmaker for $232 per share in cash, or a total of about $7.2B net of cash acquired. A number of research firms applauded the deal, especially noting the price Celgene agreed to pay, but cautioned that a rival bidder may still emerge for Receptos. Marathon Petroleum (MPC) gained after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a cash and stock deal that implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B. Micron (MU) rose after The Wall Street Journal reported that China's state-owned Tsinghua Unigroup had offered to acquire the memory chip maker for $23B, or $21 per share... Shares of Twitter (TWTR) spiked Tuesday morning after a questionable takeover report was published on a website that mimicked, but had a different web address, than Bloomberg News. A Bloomberg spokesman said soon afterward that the Twitter takeover story being attributed to the news service was a fake, while a Twitter spokesperson also denied the report of an alleged deal... Macy's (M) jumped after Starboard CEO Jeffrey Smith called the stock his "best idea" for 2015, adding that the shares could be worth $125 each if the company takes steps to maximize the value of its real estate holdings. Amazon (AMZN) announced it sold more units on its first "Prime Day" than the biggest Black Friday ever and had more new members try its Prime service worldwide than any single day in company history. The e-commerce giant noted that its worldwide order growth increased 266% over the same day last year and 18% more than Black Friday 2014, adding that it will "definitely be" doing another Prime Day in the future. A number of semiconductor equipment stocks, including Applied Materials (AMAT) and Lam Research (LRCX), dropped after Intel (INTC) cut its capital expenditures guidance while reporting on its quarterly results. INDEXES: For the week, the Dow gained about 1.05% to close at 18,086.45, the Nasdaq advanced about 3.37% to close at 5,210.14, and the S&P 500 rose about 1.67% to close at 2,126.64.
16:24 EDTBBYOn The Fly: Top stock stories for Friday
Subscribe for More Information
12:38 EDTBBYOn The Fly: Top stock stories at midday
Subscribe for More Information
10:46 EDTBBYBest Buy sinks after analyst says sell to avoid comp sales risk
Subscribe for More Information
10:13 EDTBBYAmbarella to get boost from drone demand, analyst says
Ambarella (AMBA) should benefit from stronger than expected demand for drones, which are "literally flying off the shelves" at Best Buy (BBY), research firm Pacific Crest wrote in a note to investors today. Ambarella develops processors used in high definition cameras, such as those often utilized by drones. WHAT'S NEW: After conducting checks, Pacific Crest analyst Brad Erickson wrote that sales of drones have been stronger than expected. Ambarella should benefit from that trend, as well as from the fact that demand for GoPro (GPRO) cameras, which utilize Ambarella's chips, has been steady, Erickson stated. Although initial demand for GoPro's new Session camera "appears lukewarm," its newer cameras should drive a significant increase in sales volume starting in GoPro's October quarter, according to Erickson, who said the popularity of GoPro's cameras should enable Ambarella's results to beat Street expectations. The analyst continues to recommend buying Ambarella's stock and kept a $123 price target on the shares. WHAT'S NOTABLE: In a note to investors yesterday, Piper Jaffray analyst Erinn Murphy wrote that GoPro's risk/reward ratio was favorable heading into the company's Q2 results. According to Murphy, the stock fell recently because money rotated out of the shares following the initial public offering of Fitbit (FIT) and Goldman Sachs' initiation of coverage of the stock with a Neutral rating. However, Amazon (AMZN) data shows that GoPro's cameras are selling well and Ambarella's Q2 results beat expectations, Murphy noted. As a result, she expects GoPro's Q2 results to exceed expectations when they are reported next week. Murphy reiterated a $68 price target and Overweight rating on GoPro shares. PRICE ACTION: In early trading, Ambarella rose 1.3% to $109.59, while GoPro added 0.5% to $55.53.
10:05 EDTBBYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (ACHI) downgraded to Market Perform from Outperform at Cowen... Allergan (AGN) downgraded to Outperform from Top Pick at RBC Capital... Best Buy (BBY) downgraded to Underperform from Buy at BofA/Merrill... Cablevision (CVC) downgraded to Hold from Buy at Jefferies... Credit Suisse (CS) downgraded to Hold from Buy at Deutsche Bank... Domino's Pizza (DPZ) downgraded to Sector Weight from Overweight at KeyBanc... First Quantum Minerals (FQVLF) downgraded to Neutral from Outperform at Credit Suisse... First Republic (FRC) downgraded to Market Perform from Outperform at FBR Capital... Fresenius SE (FSNUY) downgraded to Neutral from Buy at Goldman... Golden Minerals (AUMN) downgraded to Neutral from Buy at Roth Capital... JD Wetherspoon (JDWPY) downgraded to Reduce from Neutral at Nomura... NV5 Holdings (NVEE) downgraded to Neutral from Accumulate at Global Hunter... National Oilwell (NOV) downgraded to Sell from Neutral at UBS... Natural Gas Services (NGS) downgraded to Neutral from Buy at Global Hunter... Primoris (PRIM) downgraded to Neutral from Accumulate at Global Hunter... Receptos (RCPT) downgraded to Hold from Buy at Evercore ISI... SKF AB (SKFRY) downgraded to Hold from Buy at Deutsche Bank... STAG Industrial (STAG) downgraded to Sell from Neutral at UBS... SolarWinds (SWI) downgraded to Hold from Buy at Deutsche Bank... Syntel (SYNT) downgraded to Market Perform from Outperform at William Blair... TECO Energy (TE) downgraded to Neutral from Buy at UBS... Tangoe (TNGO) downgraded to Underweight from Equal Weight at Barclays... Tegna (TGNA) downgraded to Hold from Buy at Evercore ISI.
09:44 EDTBBYBest Buy falls after downgrade, levels to watch
Shares are down over 5% to $33.08. At that price next support is at $32.56, a recent pivot low, and then at $31.78. Resistance is at $34.14. BofA/Merrill earlier downgraded the shares to Underperform and cut its price target to $32.
08:02 EDTOLNDow, Olin receive IRS letter ruling for proposed Chlor-Alkali, Derivatives deal
Subscribe for More Information
07:58 EDTCCiti results 'impressive,' says RBC Capital
RBC Capital believes that Citi continues to make progress on its strategic initiatives, while the company's revenue was "solid across the board." The firm keeps a $65 price target and Outperform rating on the shares.
07:55 EDTCCiti price target raised to $67 from $61 at UBS
Subscribe for More Information
07:41 EDTROVIRovi ruling in Netflix suit may 'embolden' pay TV providers, says Stephens
Subscribe for More Information
07:26 EDTBBYBofA/Merrill downgrades Best Buy two notches to Underperform
As previously reported, BofA/Merrill downgraded Best Buy to Underperform from Buy. The firm lowered estimates based on limited catalysts and continued investments and warned that a mixed product cycle could result in 2H comp downside. BofA/Merrill believes the consensus estimate of 1% comps for 2H look challenging given ongoing computer weakness, ongoing tablet commodization and pricing pressure and flat mobile trends. The firm cut its price target on Best Buy to $32 from $45.
07:07 EDTBBYBest Buy downgraded to Underperform from Buy at BofA/Merrill
06:18 EDTROVINegative catalysts now behind Rovi, says Brean Capital
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use