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Stock Market & Financial Investment News

News Breaks
November 7, 2012
10:41 EDTVHS, NWSA, HST, CNC, UHS, MRO, FOSL, MT, OXF, MGLN, CNKOn 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
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August 31, 2015
14:36 EDTMROMarathon Oil volatility elevated as WTI oil rally's 8% to $48
Marathon Oil current 30-day call option implied volatility is at 67, compared to a one-month ago level of 39, suggesting large price movement as WTI crude oil trades above $47.
13:56 EDTMROMarathon Oil volatility elevated as WTI oil rally's 5% to $47
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07:31 EDTMTArcelorMittal Bremen renews partnership with CGI Group
ArcelorMittal Bremen, a subsidiary of ArcelorMittal (MT), has renewed its partnership with CGI. ArcelorMittal Bremen outsourced its IT to CGI five years ago, and, since then, CGI has managed the company's two data centers in Bremen, provided IT infrastructure support, and maintained all applications predominantly developed by ArcelorMittal Bremen, as well as other warehousing and automated production control systems. In addition, CGI provides field service support for approximately 2,000 Windows end-user systems. CGI's scope of activities for ArcelorMittal Bremen has expanded considerably over the course of the engagement. CGI was given, for example, responsibility for an additional 180 production control systems. In fact, the contract volume has doubled in size.
05:50 EDTMROStocks with implied volatility movement; MRO MU
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August 30, 2015
19:40 EDTNWSAU.K. newspaper groups to launch GBP3M joint ad campaign, Guardian says
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19:30 EDTNWSAU.K. weighs phone hacking charges against News Corp., AP says
England's Crown Prosecution Service has received a "full file of evidence for consideration of corporate liability charges" from British police related to the 2011 phone hack scandal at News Corp.'s News of the World, reports the Associated Press. Reference Link
18:39 EDTNWSARebekah Brooks to return as News Corp. U.K. CEO, FT says
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August 28, 2015
06:28 EDTNWSAProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
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August 27, 2015
15:18 EDTFOSLMovado spikes after reporting Q2 results, backing FY16 guidance
Movado Group (MOV), which designs, sources, markets and distributes watches, is trading sharply higher after reporting better than expected second quarter earnings and revenue, as well as backing its fiscal 2016 guidance. WHAT'S NEW: Movado reported Q2 earnings per share of 50c against a consensus of 42c, and Q2 revenue of $145.6M against a consensus of $142.25M. The company also backed its FY16 EPS view of $2.00-$2.10 against a consensus of $2.05, and backed its FY16 revenue view of $590M-$600M against a consensus of $593.13M. Movado said it anticipates recording the remainder of the previously announced $3M-$4M pre-tax charge related to operating efficiency initiatives by the end of FY16, which is excluded from its guidance. ANALYST RESEARCH: On August 25, Barrington Research released an earnings preview that advised staying "on the sidelines" with Movado, forecasting the company's EPS at 40c and its revenue at $144.3M. The firm, which had rated Movado at Market Perform, correctly predicted the company would maintain its guidance. PRICE ACTION: In late afternoon trading, Movado is higher by $3.93, or 17.6%, to $26.25. PEERS: Competitor Fossil Group (FOSL) is trading higher by 2.6%.
11:30 EDTMROStocks with call strike movement; MU MRO
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10:00 EDTMTOn The Fly: Analyst Initiation Summary
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08:48 EDTMTArcelorMittal initiated with a Neutral at JPMorgan
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August 25, 2015
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
August 24, 2015
16:23 EDTMROOn The Fly: Top stock stories for Monday
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09:49 EDTFOSLFitbit being sold at Macy's seen as near-term catalyst
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09:45 EDTMROOn The Fly: Analyst Downgrade Summary
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07:19 EDTMROMarathon Oil downgraded to Neutral from Buy at BofA/Merrill
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August 23, 2015
15:40 EDTNWSANews Corp. eyeing advertising technology start-up, Telegraph says
Former News International CEO Rebekah Brooks has returned to News Corp. and is working on a deal to acquire a U.K.-based advertising technology start-up, reports the Telegraph, citing finance sources. Reference Link
August 21, 2015
12:22 EDTMROChanos say still short Exploration & Production space
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08:19 EDTCNKCinemark to hold a conference call
Management announces that as of August 24, 2015, Tim Warner will be stepping down as CEO and Mark Zoradi will be named the new CEO on a conference call to be held on August 21 at 10 am.
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