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Stock Market & Financial Investment News

News Breaks
December 23, 2013
10:00 EDTGPN, PAA, CNX, FBC, SCAI, PAGP, NDAQ, HPY, CRM, STAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: NASDAQ (NDAQ) initiated with a Neutral at JPMorgan… CONSOL Energy (CNX) reinstated with a Neutral at Goldman… Extended Stay America (STAY) initiated with a Buy at BofA/Merrill… Extended Stay America initiated with a Hold at Stifel.. Extended Stay America initiated with a Neutral at Citigroup… Extended Stay America initiated with a Neutral at Goldman… Extended Stay America initiated with a Neutral at RW Baird… Extended Stay America initiated with an Overweight at JPMorgan… Plains All American (PAA) initiated with a Buy at Wunderlich… Plains GP Holdings (PAGP) initiated with a Buy at Wunderlich… Salesforce.com (CRM) initiated with an Outperform at BMO Capital… Surgical Care Affiliates (SCAI) initiated with an Outperform at BMO Capital… Global Payments (GPN) initiated with a Neutral at Buckingham… Heartland Payment (HPY) initiated with a Neutral at Buckingham… Flagstar Bancorp (FBC) initiated with a Buy at Sandler O'Neill.
News For NDAQ;CNX;STAY;PAGP;PAA;CRM;SCAI;GPN;HPY;FBC From The Last 14 Days
Check below for free stories on NDAQ;CNX;STAY;PAGP;PAA;CRM;SCAI;GPN;HPY;FBC the last two weeks.
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April 24, 2014
07:14 EDTNDAQNASDAQ sees gross debt/EBITDA leverage ratio hitting target by Q2
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07:06 EDTNDAQNASDAQ reports Q1 adjusted EPS 72c, consensus 71c
Reports Q1 revenue $529M, consensus $526.55M.
April 23, 2014
13:00 EDTFBCFlagstar Bancorp downgraded to Market Perform from Outperform at FBR Capital
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05:13 EDTFBCFlagstar Bancorp reports Q1 EPS ($1.50), may not compare to consensus 19c
Reports Q1 book value per share $19.29. Reports Q1 Tier 1 capital ratio 23.62%. Sandro DiNello, the company's CEO said, "Our first quarter results were largely in-line with expectations except for our provision for loan losses and a one-time adjustment to our repurchased loans. During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months. As a result of this action, which was not driven by charge-offs, the allowance for loan losses increased to $307M at March 31, from $207M at December 31, 2013 and the ratio of allowance for loan losses to non-performing loans increased to 286.9% from 145.9% at December 31, 2013. Additionally, we recorded a $21.1M reduction to the originally recorded fair value of loans that we repurchased from the GSEs and which were performing at that time."
April 22, 2014
12:18 EDTCRMBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
08:54 EDTCRMSaaS fundamentals remain strong, buy pullback, says Morgan Stanley
Morgan Stanley said SaaS fundamentals remain strong and corporate spending and secular drivers remain strong. The analyst would use the pullback to buy favorite names that include ServiceNow (NOW), Salesforce.com (CRM), Veeva (VEEV) and Workday (WDAY).
07:02 EDTNDAQNASDAQ upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded NASDAQ due to valuation and said regulations appear manageable and leverage from technology solutions and operating leverage will drive earnings growth. Price target raised to $42 from $40.
05:47 EDTCRMStocks with implied volatility movement; JCP CRM
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April 16, 2014
10:27 EDTGPNGlobal Payments management to meet with Oppenheimer
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April 15, 2014
07:28 EDTNDAQSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 14, 2014
10:02 EDTHPYOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
07:07 EDTHPYHeartland Payment upgraded to Hold from Sell at Stifel
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April 11, 2014
08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
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April 10, 2014
13:43 EDTNDAQFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link
12:53 EDTHPYHeartland Payment acquires school solution provider MCS Software
Heartland Payment Systems has acquired MCS Software, a provider of school foodservice point-of-sale, back office and online payment solutions for more than 4,000 K-12 schools nationwide. Heartland noted that is School Solutions division now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.
09:06 EDTNDAQSEC still struggling for data, slow to move on HFT, Bloomberg says
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09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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