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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:57 EDTRESI, TMST, SFXE, RCPT, RYAM, NTAP, MBII, EVAR, KONA, IRM, IGXT, ELGX, DVA, CA, VAROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Altisource Residential (RESI) initiated with a Neutral at Citigroup... CA Technologies (CA) initiated with a Buy at Standpoint Research... DaVita (DVA) initiated with a Buy at Jefferies... Endologix (ELGX) initiated with an Outperform at Credit Suisse... IntelGenx (IGXT) initiated with a Buy at H.C. Wainwright... Iron Mountain (IRM) resumed with an Overweight at JPMorgan... Kona Grill (KONA) initiated with a Buy at KeyBanc... Lombard Medical (EVAR) initiated with an Outperform at Credit Suisse... Marrone Bio (MBII) initiated with an Outperform at RW Baird... NetApp (NTAP) initiated with a Buy at Standpoint Research... Rayonier Advanced Materials (RYAM) initiated with a Buy at DA Davidson... Receptos (RCPT) initiated with a Buy at Nomura... SFX Entertainment (SFXE) initiated with an Overweight at Albert Fried... TimkenSteel (TMST) initiated with a Buy at Jefferies... Varian Medical (VAR) initiated with a Neutral at ISI Group... Williams Partners (WPZ) initiated with a Buy at UBS.
News For RESI;CA;DVA;ELGX;IGXT;IRM;KONA;EVAR;MBII;NTAP;RYAM;RCPT;SFXE;TMST;VAR From The Last 14 Days
Check below for free stories on RESI;CA;DVA;ELGX;IGXT;IRM;KONA;EVAR;MBII;NTAP;RYAM;RCPT;SFXE;TMST;VAR the last two weeks.
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August 28, 2014
16:18 EDTIRMDatawatch appoints John Judge Chief Revenue Officer
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August 26, 2014
15:04 EDTNTAPNetApp extends alliance with VMware on cloud computing
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10:20 EDTRCPTSummer Street chief scientific officer holds an analyst/industry conference call
Chief Scientific Officer Classen discusses Receptos' RPC1063 for the treatment of Ulcerative Colitis on an Analyst/Industry conference call to be held on August 26 at 11 am.
07:22 EDTVARISI Group to hold a field trip
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August 25, 2014
17:09 EDTEVARAbingworth raises stake in Lombard Medical to 19.3% from 16.8%
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16:13 EDTRCPTOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
10:00 EDTELGXOn The Fly: Analyst Upgrade Summary
CBOE Holdings (CBOE) upgraded to Outperform from Market Perform at Raymond James... Silver Bay Realty (SBY) upgraded to Overweight from Neutral at JPMorgan... U.S. Steel (X) upgraded to Outperform from Underperform at Credit Suisse... Endologix (ELGX) upgraded to Buy from Neutral at BTIG... Texas Roadhouse (TXRH) upgraded to Overweight from Equal Weight at Stephens... WPX Energy (WPX) upgraded to Outperform from Sector Perform at Howard Weil... Nomura (NMR) upgraded to Outperform from Neutral at Credit Suisse.
07:29 EDTELGXEndologix upgraded to Buy from Neutral at BTIG
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August 24, 2014
21:54 EDTELGXPiper Jaffray to hold a bus tour
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August 22, 2014
11:01 EDTRCPTBiotechnology Value Fund reports 5.3% passive stake in Receptos
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August 21, 2014
18:02 EDTCAWipro, CA Technologies partner to deliver testing solutions for DevOps
Wipro (WIT) and CA Technologies (CA) announced that they have expanded their strategic partnership to jointly deliver next generation DevOps solutions for testing. The partnership will enable Wipro to leverage the expanded portfolio of CA Technologies, including service virtualization, release automation/continuous delivery, continuous validation and continuous monitoring solutions to help customers optimize their application development and delivery processes with a DevOps strategy.
08:04 EDTIRMIron Mountain to host investor meeting
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August 18, 2014
16:29 EDTRCPTARCH Venture Fund reports 6.6% stake in Receptos
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08:31 EDTVARVarian Medical board authorizes repurchase of 6M shares through 2015
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