New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:18 EDTFOLD, CAG, ORCL, MDRX, DFS, JBL, ELOQ, ICE, BBBY, RAD, VVUS, NYXOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Rite Aid (RAD), up 17.3%... Jabil Circuit (JBL), up 5.4%... ConAgra (CAG), up 3.1%... ALSO HIGHER: NYSE Euronext (NYX), up 40.2% after acquisition by IntercontinentalExchange (ICE) for $33.12 per share in case and stock... Eloqua (ELOQ), up 30% after agreeing to be bought by Oracle (ORCL) for $23.50... VIVUS (VVUS), up 7.9% after Express Scripts (ESRX) adds Qsymia to formulary, takeover speculation fueled by Daily Mail report... LOWER AFTER EARNINGS: Bed Bath & Beyond (BBBY), down 5.8%... Discover (DFS), down 2.2%... ALSO LOWER: Amicus Therapeutics (FOLD), down 43.5% after drug doesn't show statistical benefit in study... Allscripts (MDRX), down 15.9% after evaluation of strategic alternatives ends without sale, CEO steps down.
News For NYX;ICE;MDRX;VVUS;ELOQ;ORCL;RAD;JBL;CAG;BBBY;DFS;FOLD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
July 2, 2015
11:47 EDTRADStocks with call strike movement; AAL RAD
American Airlines (AAL) January 44 call option implied volatility increased 2% to 38, Rite Aid (RAD) January 10 call option implied volatility increased 3% to 40 according to IVolatility.
10:18 EDTCAGOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTCAGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Market Perform at Cowen... Acadia Realty Trust (AKR) upgraded to Buy from Neutral at Citi... Alliance Resource Partners (ARLP) upgraded to Buy from Hold at Deutsche Bank... ArcBest (ARCB) upgraded to Peer Perform from Underperform at Wolfe Research... AstraZeneca (AZN) upgraded to Buy from Hold at Berenberg... ConAgra (CAG) upgraded to Overweight from Equal Weight at Morgan Stanley... DuPont Fabros (DFT) upgraded to Buy from Neutral at Citi... EastGroup Properties (EGP) upgraded to Buy from Neutral at Citi... Galaxy Entertainment (GXYEY) upgraded to Hold from Sell at Deutsche Bank... GrubHub (GRUB) upgraded to Outperform from Sector Perform at RBC Capital... HealthSouth (HLS) upgraded to Outperform from Market Perform at JMP Securities... IGM Financial (IGIFF) upgraded to Sector Performer from Underperformer at CIBC... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Kimco Realty (KIM) upgraded to Buy from Neutral at Citi... Kosmos (KOS) upgraded to Outperform at BMO Capital... MGM China (MCHVF) upgraded to Hold from Sell at Deutsche Bank... Regal Entertainment (RGC) upgraded to Neutral from Sell at B. Riley... SL Green Realty (SLG) upgraded to Buy from Neutral at Citi... SQM (SQM) upgraded to Buy from Hold at HSBC... Sands China (SCHYY) upgraded to Hold from Sell at Deutsche Bank... Terex (TEX) upgraded to Neutral from Underperform at BofA/Merrill... United Community Banks (UCBI) upgraded to Outperform from Market Perform at Raymond James... Weingarten Realty (WRI) upgraded to Buy from Neutral at Citi... Willis Group (WSH) upgraded to Neutral from Sell at Goldman... Wynn Macau (WYNMF) upgraded to Hold from Sell at Deutsche Bank.
08:35 EDTCAGConAgra upgraded to Overweight on further strategic action at Morgan Stanley
As previously reported, Morgan Stanley upgraded ConAgra to Overweight from Equal Weight and increased its price target to $50 form $37. The firm has increased confidence that ConAgra is open to more aggressive changes in the portfolio, including a divestiture of the private label assets and portions of its Consumer segment, which would be highly earnings accretive.
08:32 EDTRADRite Aid reports June SSS up 2.4%
Rite Aid announced that for the four weeks ended June 27, same store sales increased 2.4% over the prior-year period. June front-end same store sales increased 0.3%. Pharmacy same store sales, which included an approximate 226 basis points negative impact from new generic introductions, increased 3.4%. Prescription count at comparable stores increased 0.2% over the prior-year period. Total drugstore sales for the four-week period increased 2.2% to $2.04B. Prescription sales accounted for 69.0% of drugstore sales, and third party prescription sales represented 97.8% of pharmacy sales.
07:57 EDTORCLOracle weakness a buying opportunity, says Canaccord
Canaccord said the recent dip in Oracle is a good chance to buy the shares as their investment thesis remains unchanged. The firm noted the Q4 earnings disappointment and its recent sell-off and trimmed its estimates accordingly. Canaccord continues to expect a several point multiple expansion on its free cash flow based valuation as investors gain confidence in the company's transition to the Cloud. Canaccord reiterated its Buy rating and $50 price target on Oracle shares.
06:19 EDTCAGConAgra upgraded to Overweight from Equal Weight at Morgan Stanley
July 1, 2015
10:18 EDTBBBY, CAGOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTCAGOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:33 EDTCAGConAgra upgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded ConAgra to Neutral from Underperform. The firm said management's renewed focus on cost savings to drive margin improvement and the potential for strategic changes, including more asset divestitures, will be key drivers near-term.
06:38 EDTCAGConAgra upgraded to Neutral from Underperform at BofA/Merrill
Subscribe for More Information
June 30, 2015
13:50 EDTCAGTreeHouse tie-up with Ralcorp could be accretive by over $1 to EPS, says BB&T
BB&T noted that it has expected ConAgra (CAG) to announce plans to exit its private label business for some time and repeated its view that TreeHouse (THS) would be a logical buyer. The firm believes that a potential tie-up with Ralcorp could be accretive by "well over" $1 to TreeHouse EPS if synergies are as large as expected, but noted that its price target and rating on the stock are under review following today's rally in the stock. BB&T has a Buy rating and $86 price target on TreeHouse Foods.
13:04 EDTICEIntercontinentalExchange management to meet with UBS
Meeting to be held in Frankfurt on July 1 hosted by UBS.
12:57 EDTCAGOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday as headlines about Greece once again dominate the news flow. Hopes that Greece may still reach a last-minute deal with its creditors were attributed for the market's early bounce, though optimism and the averages have been dropping as the day continues. ECONOMIC EVENTS: In the U.S., Case-Shiller 20-city composite home price index for April rose by a seasonally adjusted 0.3% month over month, versus the consensus forecast for an increase of 0.8%. The Chicago PMI jumped 3.2 points to 49.4 in June, though that was below the expected reading of 50.0. The Conference Board's consumer confidence index rose to 101.4 in June from a revised 94.6 reading for May, beating expectations for a reading of 97.4. In Europe, Greece's government submitted a proposal for a deal with the eurozone bailout fund to cover its debt repayments due between 2015 and 2017. Jeroen Dijsselbloem said eurozone finance ministers will discuss the Greek request in a conference call tonight, but German Chancellor Angela Merkel reportedly said that no new negotiations should take place before Greek holds its scheduled referendum. COMPANY NEWS: Shares of Pentair (PNR) advanced 5.5% after activist investor Nelson Peltz's Trian Group confirmed it has taken a 7.24% stake in the company. Trian noted it has met with the company’s senior management and communicated its view that the company can create significant value for its shareholders by facilitating "prudent industry consolidation" through accretive mergers and acquisitions as well as by making other changes, such as communicating its results as "cash" EPS... Another company in the sights of an activist, ConAgra (CAG), rose 1.5% after reporting first quarter results that were roughly in-line with expectations while also announcing that plans to exit Private Brands operations. ConAgra CEO Sean Connolly said during the associated call that he wants "constructive conversation" with Jana Partners, which reported earlier this month that it has taken a 7.2% stake in the packaged foods company and is prepared to seek three ConAgra board seats, if necessary, to help the board evaluate and address opportunities for shareholder value creation. MAJOR MOVERS: Among the notable gainers was Juno Therapeutics (JUNO), which jumped 19% after the company announced a ten-year global collaboration for the development and commercialization of immunotherapies with Celgene (CELG). As part of the deal, Celgene will make an initial payment of approximately $1B, which includes the purchase of approximately 9.1M shares of Juno stock at $93 per share. Also higher was TreeHouse Foods (THS), which gained 9% after peer ConAgra announced plans to exit its private brands operations. Among the noteworthy losers was Apollo Education (APOL), which dropped 16.5% and was downgraded at Bank of America Merrill Lynch after the for-profit education company reported higher than expected Q3 earnings but lowered its fiscal 2015 guidance. Also lower were shares of Tuesday Morning (TUES), which fell 13% after announcing that its CFO Jeffrey Boyer has resigned his position to take the same role with Pier 1 Imports (PIR). INDEXES: Near midday, the Dow was down 3.77, or 0.02%, to 17,592.58, the Nasdaq was up 11.24, or 0.23%, to 4,969.71, and the S&P 500 was flat near 2,057.81.
10:50 EDTCAGTreeHouse, Post rise after ConAgra plans exit from private brands
Two food companies, TreeHouse Foods (THS) and Post Holdings (POST), are trading higher after peer ConAgra (CAG) announced plans to exit its private brands operations. According to a Reuters report from earlier, KeyBanc Capital Markets analyst Akshay Jagdale mentioned in a note that TreeHouse and Post could be potential acquirers of the ConAgra division. Shares of Post Holdings rose 2.8% and Treehouse Foods advanced 9% in morning trading.
10:19 EDTBBBYOptions with decreasing implied volatility
Subscribe for More Information
10:18 EDTCAGConAgra CEO says he wants 'constructive conversation' with Jana
Subscribe for More Information
10:04 EDTCAGConAgra expects additional divestitures as it refines asset mix
Subscribe for More Information
09:59 EDTCAGConAgra says SG&A and paying down debt will always be company priority
Subscribe for More Information
09:41 EDTCAGConAgra 'not in position' to give comparable FY16 EPS due to divestiture
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use