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Stock Market & Financial Investment News

News Breaks
November 7, 2012
10:41 EDTMT, UHS, OXF, NWSA, MRO, MGLN, HST, FOSL, CNK, CNC, VHSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Buy from Neutral at BofA/Merrill... Centene (CNC) upgraded to Buy from Underperform at BofA/Merrill... Cinemark (CNK) upgraded to Buy from Neutral at Janney Capital... Fossil (FOSL) upgraded to Buy from Above Average at Caris... Host Hotels (HST) upgraded to Buy from Hold at Cantor... Magellan Health (MGLN) upgraded to Neutral from Sell at Goldman... Marathon Oil (MRO) upgraded to Buy from Accumulate at Global Hunter... News Corp. (NWSA) upgraded to Buy from Outperform at CLSA... Oxford Resource Partners (OXF) upgraded to Hold from Underweight at BB&T... Universal Health (UHS) upgraded to Buy from Neutral at UBS... Vanguard Health (VHS) upgraded to Buy from Neutral at UBS.
News For MT;CNC;CNK;FOSL;HST;MGLN;MRO;NWSA;OXF;UHS;VHS From The Last 14 Days
Check below for free stories on MT;CNC;CNK;FOSL;HST;MGLN;MRO;NWSA;OXF;UHS;VHS the last two weeks.
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August 18, 2014
17:32 EDTCNKCinemark liability in Aurora, CO shootings to be decided by jury, WSJ says
A federal judge ruled that a jury should decide if Cinemark is liable for the deaths of 12 customers in the 2012 shooting in Aurora, Colorado, reports the Wall Street Journal. Reference Link
August 17, 2014
18:16 EDTCNKCinemark could get boost next year, Barron's says
Cinemark could see a boost in share price as highly-anticipated movies are released and the company is successful in showing alternative content in theaters, Barron's contends in its "The Trader" column, citing Matthew Harrigan from Wunderlich Securities. Reference Link
August 14, 2014
13:03 EDTMTArcelorMittal expresses interest in Italian steelmaker Ilva, Reuters says
ArcelorMittal is said to have sent a non-binding expression of interest for Italian steelmaker Ilva, says Reuters. Reference Link
06:24 EDTMROLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link
August 12, 2014
19:02 EDTFOSLOn The Fly: After Hours Movers
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16:09 EDTFOSLFossil extends licensing agreement with Giorgio Armani through 2023
Fossil Group announced that it has extended a global watch licensing agreement with Giorgio Armani S.p.A through 2023. The Armani Group first partnered with Fossil Group in 1997 to design, develop and distribute watches under the Emporio Armani label. Over the history of the relationship, jewelry was added in 2002, watches under the Armani Exchange brand in 2008 and a Swiss made collection of timepieces under the Emporio Armani Swiss Made label launched in 2014.
16:08 EDTFOSLFossil sees FY14 EPS $6.95-$7.35, consensus $7.13
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16:08 EDTFOSLFossil sees Q3 EPS $1.77-$1.84, consensus $1.84
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16:07 EDTFOSLFossil reports Q2 EPS 98c, consensus 96c
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15:23 EDTFOSLNotable companies reporting after market close
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14:35 EDTFOSLFossil August 103 straddle priced for 8.4% move into Q2
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14:28 EDTFOSLFossil technical notes before earnings
In the prior three months the shares have underperformed the broader averages with a loss of over 8%. The downtrend in the shares on a longer-term basis has been underway since shares hit a peak of price in early November 2013. That downtrend has been characterized by volatile bursts higher in price away from the broader downtrend that fail to hold. On disappointing news, a breakdown below $100 would seem highly probable. For the prior two years the $100 area has been both resistance and then support. A break below $100 would be therefore more technically significant. Support below on an increasing band of disappointment would be at $97.96, $92.80, and $89.33. If the news is more positive than expected, a move up to the recent pivot at $108.08 would be the first major resistance encountered. A breakout above $110 would turn the shares from bearish to neutral with additional resistance then at $114.12. The short-base is large at over 8% of the float short which could add to a potential short-squeeze on stronger than expected news.
09:59 EDTMTArcelorMittal shares attractive, says Bernstein
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06:38 EDTMTArcelorMittal Brazil boss says local price view solid, Reuters says
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06:35 EDTCNCManged Care recent pullback a buying opportunity, says Leerink
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August 11, 2014
08:37 EDTMROMarathon Oil signs exploration, production sharing contract for Gabon Block G13
Marathon Oil, through its wholly owned subsidiary Marathon Oil Exploration, announced it has signed an exploration and production sharing contract, or EPSC, for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The company was the high-bidder on the block in Gabon's licensing round in October 2013. The Tchicuate Block encompasses 275,000 acres with water depths ranging from approximately 3,250 to 8,250 feet. It is located approximately 50 miles offshore the coast of Gabon and near proven shallow-water, pre-salt oil discoveries. Marathon Oil holds a 100% participating interest and operatorship in the block. In the event of development, the Republic of Gabon will assume a 20% financed interest in the contract upon commencement of production. The State holds additional rights to participate in the block in the future as a co-investor. Marathon Oil also holds a 21.25% working interest in the non-operated Diaba License G4-223, encompassing 2.2M gross acres, where the Diaman-1B discovery was made in 2013.
06:57 EDTUHSAvondale to hold a conference
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