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February 7, 2013
07:42 EDTTOL, KWR, FARO, BBOX, BMTC, FCF, OLBK, PHMD, TSH, SFEEmerald Asset Management to host a forum
20th Anniversary Emerald Groundhog Day Investment Forum is being held in Philadelphia on February 7.
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April 22, 2015
18:16 EDTSFESafeguard Scientifics to receive $10M from acquisition of partner DriveFactor
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April 21, 2015
10:00 EDTFAROOn The Fly: Analyst Upgrade Summary
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06:16 EDTFAROFARO Technologies upgraded to Buy from Hold at Gabelli
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April 20, 2015
12:31 EDTFAROOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after China’s central bank relaxed reserve requirements for its banks. The nation's own stock market struggled to overcome the cross current of other actions taken to cut down on speculative trading there, but U.S. stock markets surged at the open and had not looked back by midday. The domestic economic calendar has quiet and earnings continue to be the focal point at home, as a great number of S&P 500 companies prepare to report this week. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index had a reading of -0.42, versus expectations for a +0.10 reading. A reading below zero represents economic activity below trend. In China, the People's Bank of China cut the reserve-requirement ratio, or the amount of reserves lenders need to hold, by 1 full percentage point, which was the biggest cut since the depths of the financial crisis and more than expected by economists. However, the Shanghai Composite Index still dropped 1.6%, since the reserve-requirement cut came after regulators had moved to curb speculative trading with actions taken Friday. COMPANY NEWS: Shares of Morgan Stanley (MS) advanced 1% after the bank's headline earnings excluding certain adjustments and tax benefits beat expectations. CEO James Gorman noted that the first quarter of the year was the bank's "strongest quarter in many years with improved performance across most areas of the firm." Morgan Stanley also increased its quarterly dividend to 15c per share from 10c per share. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which gained 10% after the toymaker's sales and profits widely topped expectations in its fiscal first quarter. Also higher was Rovi (ROVI), which gained more than 10% after the company announced it has renewed its patent license and interactive program guide product agreement with Charter Communications (CHTR). Among the noteworthy losers was FARO Technologies (FARO), which dropped 25% and was downgraded by Noble Financial and Needham after the preannounced lower than expected first quarter revenue. Also lower were a number of companies that are developing CAR-T cancer therapies following the annual meeting of the American Association for Cancer Research. Mizuho analyst Peter Lawson attributed the pullback to disappointment in this weekend's solid tumor data on a small number of patients with advanced cancers who were given CAR-T therapy developed by Novartis (NVS) and the University of Pennsylvania. Shares of Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP) were all lower near noon. INDEXES: Near midday, the Dow was up 236.19, or 1.32%, to 18,062.49, the Nasdaq was up 59.54, or 1.21%, to 4,991.35, and the S&P 500 was up 21.82, or 1.05%, to 2,103.00.
10:00 EDTFAROOn The Fly: Analyst Downgrade Summary
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09:18 EDTFAROOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Morgan Stanley (MS), up 2.1%... Cliffs Natural (CLF), up 1.3%... Check Point Software (CHKP), up 1.1%. ALSO HIGHER: Genetic Technologies (GENE), up 28.2% after additional health centers to offer BREVAGenplus... Hanwha Q Cells (HQCL), up 16.2% following solar module supply agreement with NextEra Energy (NEE)... Provectus (PVCT), up 6.7% after receiving notice of allowance for PV-10 combined with other drugs. DOWN AFTER EARNINGS: Royal Caribbean (RCL), down 6.1%... FARO (FARO), down 16.4%. ALSO LOWER: Yandex (YNDX), down after Barron's recommends that investors take some profits... Carnival (CCL), down 2% after Royal Caribbean reported quarterly results.
08:53 EDTFAROFARO Technologies downgraded to Sell from Hold at Noble Financial
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07:59 EDTFAROFARO Technologies should be bought on weakness, says Oppenheimer
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07:39 EDTFAROFARO Technologies downgraded to Hold from Buy at Needham
Needham downgraded FARO Technologies to Hold citing the negative Q1 preannouncement.
07:32 EDTFAROFARO Technologies price target lowered to $65 from $70 at Canaccord
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April 17, 2015
16:10 EDTFAROFARO reports preliminary Q1 revenue $70M, consensus $85.43M
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April 16, 2015
10:00 EDTOLBKOn The Fly: Analyst Upgrade Summary
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06:21 EDTOLBKOld Line Bancshares upgraded to Outperform from Market Perform at Raymond James
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April 15, 2015
10:25 EDTOLBKOld Line Bancshares reports Q1 EPS 25c, consensus 23c
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April 14, 2015
12:05 EDTSFESafeguard Scientifics management to meet with Barrington
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