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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:10 EDTTLYS, IG, ANAD, GLUU, AZZ, PRGS, AWRE, AMED, MTW, GMCR, DD, FINL, NKEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Nike (NKE), up 3%... Finish Line (FINL), up 2%... AZZ Inc. (AZZ), up 6%... Progress Software (PRGS), up 10.8%. ALSO HIGHER: Manitowoc (MTW), up 9.5% after Relational Investors took an 8.52% stake in the company and urged for a spin-off of its food business... Aware (AWRE), up 16% after announcing a $1.75 per share special cash dividend... Amedisys (AMED), up 8.5% after giving Q2 guidance... Tilly's (TLYS), up 2.6% after CEO Griesemer buys 25K shares... Glu Mobile (GLUU), up 2% after upgraded at Benchmark Co... Keurig Green Mountain (GMCR), up 1.6% following upgrade to Buy from Hold at Argus. LOWER: Du Pont (DD), down 2.7% after lowering its 2014 EPS outlook... ANADIGICS (ANAD), down 13.5% after giving weaker than expected Q2 guidance and announcing a workforce reduction... IGI Laboratories (IG), down 3% after 4.65M share Secondary priced at $5.00.
News For NKE;FINL;DD;GMCR;MTW;AMED;AWRE;PRGS;AZZ;GLUU;ANAD;IG;TLYS From The Last 14 Days
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October 9, 2014
07:57 EDTGLUUGlu Mobile short report riddled with inaccuracies, says Cowen
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07:20 EDTDDArchitectural Record to hold a conference
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06:13 EDTGMCRKeurig Green Mountain implied volatility of 34 at lower end of index mean range
06:10 EDTNKEStocks with implied volatility below IV index mean; NKE LULU
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October 8, 2014
16:29 EDTDDU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:20 EDTDDDuPont initiated with a Sector Perform at RBC Capital
Target $71.
10:48 EDTGLUUGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
10:00 EDTGLUUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
09:23 EDTFINLCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
09:20 EDTGLUUOn The Fly: Pre-market Movers
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08:23 EDTGLUUGlu Mobile upgraded to Buy from Hold at Benchmark Co.
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October 7, 2014
12:09 EDTGMCROn The Fly: Midday Wrap
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10:31 EDTGLUUGlu Mobile setting up for a 'massive' short squeeze, says Northland
Northland said StreetSweeper's article on Glue Mobile does not say anything new and is full of conjecture in his opinion. The analyst would not be surprised if Glu Mobile's Q3 revenues came in closer to $110M vs. consensus of $85M, with similar performance in Q4. Northland believes shares are setting up for a massive short squeeze with over 35% shares short when it reports at the end of October or early November.
10:02 EDTGMCROn The Fly: Analyst Initiation Summary
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09:58 EDTGLUUGlu Mobile may lower Q4 guidance, TheStreetSweeper says
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09:53 EDTGLUUGlu Mobile mentioned cautiously by TheStreetSweeper
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05:25 EDTGMCRKeurig Green Mountain initiated with a Buy at Goldman
Goldman Sachs started shares of Keurig Green Mountain with a Buy rating saying the company is entering a period of accelerating sales and earnings growth. The firm expects growth to be driven by Keurig's Hot system and incremental contribution from the Cold platform. It set a $166 price target for shares.
October 6, 2014
09:05 EDTDDDuPont expects to supply more sustainable refrigerant by end of 2015
DuPont's Flurochemicals global business director Kathryn McCord said, "DuPont continues to see rapid transition to HFO-1234yf refrigerant for automotive air conditioning, and we expect to see the refrigerant in 3 million cars by the end of 2014, with that number growing to 7 million by the end of 2015. All but one of the world's leading automakers are adopting HFO-1234yf... "DuPont is prepared to supply HFO-1234yf, which it sells as DuPont™ Opteon® YF refrigerant, to both automakers and the service industry in the United States and Europe. DuPont was the first company to establish capacity of HFO-1234yf, with sites in China and Japan, and capacity expansions we announced last October are on track. We have sufficient supply to meet our customers' projected demand, and are prepared to make additional investments when long-term demand justifies it."
08:01 EDTGMCRKeurig Green Mountain announces multi-year agreement with W.B. Mason
Keurig Green Mountain and W.B. Mason Co announced a multi-year agreement to offer W.B. Mason’s SHAZAM coffee in K-Cup packs for the Keurig hot brewing system in away from home channels. SHAZAM will be the first brand to come into the Keurig family from a Keurig Authorized Distributor. The companies plan to launch the new SHAZAM coffee K-Cup packs later in the month of October 2014 with Light, Medium, and Dark Roast blends exclusively to W.B. Mason customers.
06:07 EDTNKEStocks with implied volatility below IV index mean; LULU NKE
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