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Stock Market & Financial Investment News

News Breaks
July 15, 2013
11:49 EDTOPK, FDO, BMC, AA, YUMOptions with decreasing implied volatility: OPK AA FDO YUM BMC
News For OPK;AA;FDO;YUM;BMC From The Last 14 Days
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July 1, 2015
16:53 EDTFDOFamily Dollar reports Q3 adjusted EPS 74c, consensus 82c
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11:11 EDTYUMAnalyst says Yum! Brands could create value with China spin-off
There is a good chance that Yum! Brands could spin off its China business, adding value to its stock, UBS wrote in a note to investors earlier today. WHAT'S NEW: Activist investors will probably push Yum! to take steps to enhance its value and one of the moves the company is most likely to make is spinning off its China business, UBS analyst Keith Siegner wrote in a note to investors today. Following the spin-off of the China business, the rest of Yum, dubbed "Yum Global" by the analyst, could increase its leverage to 5-6 times and use the proceeds for share repurchases, Siegner believes. Meanwhile, the China business, which he calls "Yum China," would be a direct play on the growth of the Chinese middle class via a company that uses Western accounting standards, the analyst stated. Siegner believes that Yum Global's profits will grow by around low teen percentage levels, while those of Yum China will expand at a high teens/low twenties percentage rate. The analyst estimated that Yum Global would be worth $76 per share and Yum China would be worth $40 per share, leading him to increase his price target on Yum's current shares to $116 from $100. He kept a Buy rating on the stock. PRICE ACTION: In morning trading, Yum rose 1.5% to to $91.40.
07:36 EDTYUMYum! Brands potential China separation an important catalyst, says UBS
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07:25 EDTAA Alcoa July volatility increases into Q2 and outlook
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June 30, 2015
08:34 EDTAAAlcoa to close Pocos smelter in Brazil
Alcoa announced that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved. “The closure of the Poços smelter permanently removes a high-cost smelting facility from the Alcoa system and is another step in creating a more profitable Primary Metals business,” said Alcoa Global Primary Products President Bob Wilt. Once the Poços smelter is closed, Alcoa’s total global smelting capacity will be reduced by 96,000 metric tons, to 3.4 million metric tons. The Poços mine, refinery, aluminum powder plant and casthouse will continue normal operations. As a result of the closure, Alcoa expects to record restructuring-related charges in second quarter 2015 between $100M-$110M after-tax, or 8c-9c per share, of which approximately 60 percent is non-cash.
07:28 EDTFDODollar Tree shares poised to outperform, says Wells Fargo
Wells Fargo predicts that Dollar Tree will be re-ranked by quantitative investment models following its merger with Family Dollar (FDO), enabling Dollar Tree's stock to outperform. The firm predicts that Dollar Tree's P/E ratio will become much lower versus its peers after the merger closes. Wells keeps an Outperform rating on Dollar Tree.
June 29, 2015
09:04 EDTAAAlcoa estimates cut due to low regional premiums at Morgan Stanley
Morgan Stanley lowered Alcoa 2015-17 EBITDA estimates to reflect declines in regional premiums. The firm lowered Q2 EPS to 21c from 22, below consensus of 23c, but sees drivers in place for a 2H recovery in shares. Morgan Stanley said all-in aluminum prices, including regional premiums, are near six year lows, and expects upstream performance to near a trough at current prices, and for earnings to bottom in Q3. The firm rates shares an Overweight with a lowered price target of $16.
07:40 EDTAAAlcoa estimates lowered below consensus at Stifel
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June 26, 2015
12:58 EDTOPKOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with Nike's (NKE) post-earnings rise providing a boost to the Dow and Micron's (MU) slide dragging on the tech-heavy Nasdaq. ECONOMIC EVENTS: In the U.S., the University of Michigan consumer sentiment reading rebounded to 96.1 in the final June report from the preliminary 94.6 reading. That revised figure topped the expected reading of 95. In Europe, the ECB left the level of emergency cash available to Greek banks unchanged again Friday as deposit outflows have slowed, according to people familiar with the matter reporting to Bloomberg. Greek leaders are scheduled to hold talks Saturday with the Eurogroup in what may be the nation's last chance for a deal ahead of the expiration of the current bailout agreement on June 30. In China, stocks plunged by the most in five months as the Shanghai Composite Index fell 7.4%, with market watchers citing margin worries and concerns that the PBOC will be less likely to undertake further rate cuts. COMPANY NEWS: Shares of Nike advanced 4% after the athletic apparel and sneaker maker reported fourth quarter results that handily beat expectations. Several firms raised their respective price targets on the stock following the company's Q4 report, including Goldman, which reiterated its Conviction Buy rating on Nike and raised its price target to $131 from $121. Finish Line (FINL), an athletic shoe and apparel retailer that sells Nike products, rose 5% after its own first quarter results also topped the consensus forecast. MAJOR MOVERS: Among the notable gainers was OPKO Health (OPK), which rose nearly 4% after the company announced the decision of the National Comprehensive Cancer Network to include 4Kscore as a recommended test in the 2015 NCCN Guidelines for Prostate Cancer Early Detection. Additionally, CEO Phillip Frost disclosed in regulatory filings that he'd acquired over 64,000 shares of the company stock in the last two days. Also higher was Kforce (KFRC), which gained 7% after SunTrust upgraded the stock to Buy and raised its price target to $27 from $24, noting that the firm's private IT staffing poll suggests margin assumptions may prove conservative. Among the noteworthy losers was Micron, which sunk about 19% after the flash memory maker reported weaker than expected results last night and provided lower than expected Q4 revenue guidance. Also lower were shares of coal miner Peabody (BTU), which fell 7% after Moody's downgraded the company's credit rating to reflect the firm's expectation for the deterioration in the company's credit metrics to be more precipitous than it had previously thought due to the ongoing decline in the seaborne metallurgical coal markets. INDEXES: Near midday, the Dow was up 53.70, or 0.3%, to 17,944.06, the Nasdaq was down 40.56, or 0.79%, to 5,071.62, and the S&P 500 was down 2.18, or 0.1%, to 2,100.13.
11:46 EDTOPKOpko Health shares advance after CEO buys shares
Shares of OPKO Health are advancing after the company CEO Phillip Frost disclosed in a filing this morning that he'd acquired 7,200 shares of the company stock for $15.39 per share on June 25. The CEO's share purchases follow a disclosure yesterday morning that he'd purchased 57,200 shares of the company stock for $15.33 per share on June 24. Opko Health shares are up 3.6% to $15.97 in late morning trading.
10:26 EDTOPKOPKO 4Kscore recommended in NCCN guidelines for prostate cancer early detection
OPKO Health announced the decision of the National Comprehensive Cancer Network to include 4Kscore as a recommended test in the 2015 NCCN Guidelines for Prostate Cancer Early Detection. The panel concluded that the 4Kscore, as a blood test with greater specificity over the PSA test, is indicated for use prior to a first prostate biopsy or after a negative biopsy to assist patients and physicians in further defining the probability of high-grade cancer. The 4Kscore test has been studied on over 22,000 patients with results published in 12 peer-reviewed scientific publications.
June 25, 2015
09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
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June 24, 2015
08:18 EDTAAAlcoa volatility flat into Q2 and outlook
Alcoa July call option implied volatility is at 28, August is at 26, October is 27; compared to its 52-week range of 23 to 48, suggesting non-directional price movement into the expected release of Q2 results after the market close on July 8.
June 22, 2015
15:21 EDTAAAlcoa slides after analyst downgrades shares due to lack of catalysts
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10:00 EDTAAOn The Fly: Analyst Downgrade Summary
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08:16 EDTAAAlcoa downgraded on lack of catalysts, risk/reward at Sterne Agee CRT
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06:24 EDTAAAlcoa downgraded to Neutral from Buy at Sterne Agee CRT
June 21, 2015
14:16 EDTOPKOPKO Health shares look pricey, Barron's says
Investors should steer clear of OPKO Health (OPK) and Bio-Reference Labs (BRLI) in light of their recent merger agreement, Barron's contends in a feature article. Though OPKO hopes to push its prostate cancer test, similar products have performed poorly on the market, and Barron's advises "only those who believe that [CEO and chairman Phillip Frost] can work miracles" to own the stock. Reference Link
June 18, 2015
11:31 EDTYUMOptions with increasing implied volatility
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06:05 EDTAAStocks with implied volatility above IV index mean; NBG AA
Stocks with implied volatility above IV index mean; National Bank of Greece (NBG) 237, Alcoa (AA) 32 according to iVolatility.

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