New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:07 EDTBIDU, QLIK, YHOO, SAP, SWN, AMAT, UA, LOW, SPR, FINL, FDO, DSW, CREE, BK, MTOn 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | all recent news | >>
October 20, 2014
08:44 EDTSAPIBM CEO says recent Apple, SAP deals represent change in partnering strategy
Subscribe for More Information
08:31 EDTFDOFamily Dollar sets Oct. 30 as record date for special meeting of stockholders
Family Dollar Stores (FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree (DLTR).
08:11 EDTFINLFinish Line management to meet with Deutsche Bank
Meeting to be held in New York on October 20 hosted by Deutsche Bank.
07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
Subscribe for More Information
06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
Subscribe for More Information
06:33 EDTBKBNY Mellon upgraded to Neutral from Sell at Goldman
Goldman upgraded BNY Mellon to Neutral based on balanced risk/reward and progress on costs. Price target is $34.
06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
Subscribe for More Information
05:23 EDTSAPSAP cuts FY14 operating profit view to EUR 5.6B-EUR 5.8B from EUR 5.8B-EUR 6B
Subscribe for More Information
05:16 EDTSAPSAP reports Q3 Non-IFRS EPS EUR 0.84 vs EUR 0.78 last year
Subscribe for More Information
October 17, 2014
17:36 EDTFDOFamily Dollar says will review Elliot notice on directors in due course
Subscribe for More Information
16:09 EDTFDOElliott Advisors expresses concerns over Family Dollar merger, nominates slate
Subscribe for More Information
13:16 EDTYHOOYahoo weekly volatility elevated into Q3 and capital utilization outlook
Subscribe for More Information
12:17 EDTYHOOMark Cuban says buying Netflix shares, sees company as M&A target
Subscribe for More Information
11:58 EDTSPRTextron rallies after better than expected Q3 EPS, raising FY14 profit outlook
Shares of aircraft and defense company Textron (TXT) are advancing after the firm reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. WHAT'S NEW: Textron this morning reported Q3 EPS from continuing operations of 57c and revenue of $3.43B, compared to consensus of 52c and $3.63B, respectively. Aviation revenue for the quarter came in at $1.08B, Bell revenue was $1.18B, Systems revenue was $358M, Industrial revenue was $785M and Finance revenue was $25M for the quarter. Chief Executive Officer Scott Donnelly said commented that the increased revenues at Aviation, Industrial and Bell primarily reflected the success of its new product investment and acquisition strategies. Donnelly said the company achieved significant margin improvement in the quarter at Textron Aviation, which reflected higher volumes and better performance. Bell also had improved performance in Q3, Donnelly said, leading to an increase in quarterly margins compared to last year. WHAT’S NOTABLE: The company raised its FY14 EPS from continuing operations view to $2.05-$2.15 from $1.92-$2.12, in line with analysts' consensus estimates of $2.07. Textron also raised its FY14 outlook for cash flow from continuing operations of the manufacturing group before pension contributions to $700M-$800M, with expected pension contributions of around $83M. On the company's earnings conference call, management said it saw a pickup of orders in September and October in the new aircraft market. The company said it is also seeing significant contributions from its M&A investments. PRICE ACTION: In late morning trading, Textron rose $4.16, or about 12.4%, to $37.82 on heavy trading volume. Including today’s advance, the stock has gained approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies in the aircraft and defense business include Boeing (BA), up 2.6%, Spirit Aerosystems (SPR), up 3.8%, and Embraer SA (ERJ) up 3.9%.
10:00 EDTSWNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
08:48 EDTMTBofA/Merrill global steel analysts hold analyst/industry conference call
Subscribe for More Information
06:46 EDTSWNSouthwestern Energy upgraded to Outperform from Market Perform at Raymond James
06:36 EDTBKBNY Mellon increasing high quality liquid assets in Q4
In Q4, BNY Mellon is continuing to reduce interbank placement assets and increasing its high quality liquid assets in the securities portfolio. The anticipated revenue as a result of these tactical actions should mitigate the impact on net interest revenue as a result of the European Central Bank's reduction in their deposit rate to negative, and the resulting impact on lower reinvestment rates across the euro yield curve; as well as, prolonged low reinvestment rates in the U.S.
06:34 EDTBKBNY Mellon reports Q3 EPS 93c, consensus 61c
Reports Q3 revenue $3.78B, consensus $3.98B. Reports Q3 book value per share $30.80. Reports Q3 Tier 1 capital ratio 15.8%. Reports Q3 AUM up 7% to $28.3T.
06:28 EDTCREEIHS: LED smart bulb shipments to surpass 11M units in 2018, DigiTimes says
LED smart bulb shipments is expected to reach more than 11M units in 2018, reports DigiTimes, citing the IHS. Approximately 880,000 connected LED smart bulbs were shipped globally in 2013. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 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