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Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:07 EDTQLIK, SWN, YHOO, AMAT, BIDU, SAP, CREE, LOW, FDO, BK, SPR, DSW, MT, UA, FINLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ArcelorMittal (MT) downgraded to Sector Perform from Outperform at RBC Capital... BNY Mellon (BK) downgraded to Sell from Neutral at Goldman... Cree (CREE) downgraded to Hold from Buy at Canaccord... DSW (DSW) downgraded to Hold from Buy at Brean Capital... Family Dollar (FDO) downgraded to Equal Weight from Overweight at Morgan Stanley... Finish Line (FINL) downgraded to Neutral from Buy at Janney Capital... Lowe's (LOW) downgraded to Sell from Hold at Canaccord... Spirit AeroSystems (SPR) downgraded to Sector Perform from Outperform at RBC Capital... Under Armour (UA) downgraded to Equal Weight from Overweight at Morgan Stanley... Applied Materials (AMAT)downgraded to Underweight from Neutral at JPMorgan... Southwestern Energy (SWN) downgraded to Hold from Buy at Dahlman Rose... SAP (SAP) downgraded to Neutral from Buy at UBS... Yahoo! (YHOO) downgraded to Market Perform from Outperform at Bernstein... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Barclays... Baidu (BIDU)downgraded to Equal Weight from Overweight at Barclays.
News For MT;BK;CREE;DSW;FDO;FINL;SPR;LOW;UA;AMAT;SWN;SAP;YHOO;QLIK;BIDU From The Last 14 Days
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August 27, 2015
06:29 EDTSWNSouthwestern Energy at Wellington Shields
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link
August 26, 2015
11:43 EDTUAUnder Armour investors approve plan for Class C shares, Bloomberg reports
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10:26 EDTUAUnder Armour investors approve plan for Class C shares, Bloomberg reports
Bloomberg cites an e-mail confirmation from a company spokesperson.
10:02 EDTSPRSpirit AeroSystems upgraded to Buy from Hold at Standpoint Research
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09:30 EDTDSWDSW selloff after earnings overdone, says William Blair
William Blair analyst Amy Noblin acknowledged that DSW's Q2 sales were light compared to expectations, but said the quarter was "solid" overall in her view and attributes the post-earnings selloff to concerns regarding strength in athletic footwear, to which DSW is under-exposed, and limited margin recapture given its investments. However, Noblin said she is encouraged that DSW keeps showing positive comp and margin performance and remains positive on the shares.
09:07 EDTDSWDSW price target lowered to $37 from $44 at Jefferies
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08:08 EDTDSWDSW price target lowered to $37 from $46 at Canaccord
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07:52 EDTAMATUBS to hold a tour
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06:44 EDTSAPWorkday valuation contingent on competitors in cloud market, WSJ reports
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August 25, 2015
16:43 EDTDSWOn The Fly: Top stock stories for Tuesday
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09:13 EDTDSWOn The Fly: Pre-market Movers
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07:03 EDTDSWDSW backs FY15 EPS $1.80-$1.90, consensus $1.91
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07:02 EDTDSWDSW reports Q2 EPS 42c, consensus 42c
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06:44 EDTMTArcelorMittal finds success in Northern France plant, WSJ reports
ArcelorMittal (MT) has found improbable success investing heavily in Europe, particularly in rust belt Northern France, the Wall Street Journal reports. The company's most profitable business unit is located in Northern France, and the European Union is still the globe's most prestigious automotive market, where companies such as Audi (AUDVF) and BMW (BAMXY) make nearly a trillion dollars worth of cars a year, the report says, meaning higher demand for locally produced steel. Reference Link
06:13 EDTYHOOThird Point, FTC settle over antitrust filings for 2011 Yahoo stake
Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting laws in connection with their 2011 acquisitions of stock in Yahoo! Inc. The complaint alleges that Third Point Partners Qualified L.P., Third Point Ultra, LTD, and Third Point Offshore Fund, LTD failed to observe the filing and waiting requirements of the Hart-Scott-Rodino Act before purchasing shares in Yahoo. According to the complaint, the three defendant funds claimed that they were exempt from reporting to the U.S. antitrust authorities because the purchases were made solely for investment purposes. At the time of the stock purchases, however, defendant Third Point LLC, which made investment decisions on behalf of the funds, was taking actions inconsistent with an investment-only intent, such as communicating with third parties to determine their interest in becoming the CEO or a board candidate of Yahoo. Under the terms of the proposed stipulated five-year federal court order, the defendants are prohibited from relying on the investment-only exemption if they have contacted third parties to gauge their interest in joining the board of the target company, communicated with the target company about proposed candidates for its board, or engaged in other specified conduct in the four months prior to acquiring voting securities above the HSR Act threshold. In this case, the agencies determined not to seek civil penalties based on several factors, including that the violation was inadvertent and short-lived, and this was the defendants' first violation of the HSR Act.
August 24, 2015
16:51 EDTLOWLowe's files automatic mixed securities shelf
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15:09 EDTDSWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
07:49 EDTLOWLowe's share gains accelerating, says Deutsche Bank
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05:57 EDTBIDUStocks with implied volatility below IV index mean; BIDU GOOG
Stocks with implied volatility below IV index mean; Baidu (BIDU) 41, Google (GOOG) 31 according to iVolatility.
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