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Stock Market & Financial Investment News

News For ARP;ZTS;SSH;NCS;NILE;PDS;NOV;OII;OIS;PTEN;SPN;NBR;SFLY;EW;HP From The Last 14 Days
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February 19, 2015
05:33 EDTSSHSunshine Heart secures up to $10M in growth capital from Silicon Valley Bank
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February 18, 2015
17:04 EDTOISOil States reports Q4 EPS $1.09, consensus 99c
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10:05 EDTPTEN, OIS, NBR, NOV, HPOn The Fly: Analyst Initiation Summary
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08:46 EDTOISOil States initiated with an Underperform at BMO Capital
Target $49.
06:56 EDTNOVNational Oilwell initiated with an Underperform at BMO Capital
Target $52.
06:56 EDTPTENPatterson-UTI initiated with an Outperform at BMO Capital
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06:55 EDTNBRNabors Industries initiated with an Outperform at BMO Capital
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06:51 EDTHPHelmerich & Payne initiated with a Market Perform at BMO Capital
Target $76.
February 17, 2015
17:29 EDTNOVBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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17:18 EDTZTSPershing Square gives quarterly update on stakes
NEW STAKES: Restaurant Brands International (QSR). INCREASED STAKES: Zoetis (ZTS), and Platform Specialty Products (PAH). DECREASED STAKES: Allergan (AGN). LIQUIDATED STAKES: None.
08:02 EDTNBRC&J Energy files statement with SEC regarding Nabors Industries combination
C&J Energy Services (CJES) announced that on Friday, February 13 the Company filed its definitive proxy statement with the SEC regarding the proposed combination of C&J with the completion and production services business of Nabors Industries (NBR). C&J also announced that it has set the date of its special meeting of stockholders to consider and vote on, among other things, a proposal to approve the Pending Transaction. The special meeting of stockholders will be held at 9:00 am Central Time on Friday, March 20 at C&J's headquarters located at 3990 Rogerdale, Houston, Texas 77042. C&J stockholders of record as of the close of business on January 30 the "record date" for purposes of the special meeting, will be entitled to receive notice of and to participate at the special meeting. The Company expects to complete the Pending Transaction promptly following approval by C&J stockholders at the special meeting, subject to the satisfaction of the other conditions set forth in the merger agreement relating to the Pending Transaction.
February 13, 2015
16:58 EDTNOV, OISGreenlight Capital gives quarterly update on stakes
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16:35 EDTZTSS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
10:00 EDTZTS, PDSOn The Fly: Analyst Downgrade Summary
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09:30 EDTOIIOceaneering upgraded to Buy from Hold at Tudor Pickering
08:39 EDTPDSPrecision Drilling downgraded at Raymond James
As previously reported, Raymond James downgraded Precision Drilling to Market Perform from Outperform. The firm downgraded shares citing valuation.
08:34 EDTPDSPrecision Drilling downgraded to Market Perform from Outperform at Raymond James
07:54 EDTSFLYShutterfly guidance likely conservative, says RW Baird
Baird said Shutterfly's Q4 results were fueled by strong fundamentals and were generally positive. The firm believes the company's guidance was conservative. Baird said the focus now shifts to Shutterfly 3.0, the company's strategic initiative to build a more integrated and efficient branded platform. Baird reiterated it Outperform rating and $55 price target on Shutterfly shares.
06:09 EDTNBRNabors Industries volatility elevated into Q4 and outlook
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06:03 EDTZTSZoetis downgraded to Neutral from Overweight at JPMorgan
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