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February 14, 2014
08:48 EDTCPRT, JNPR, QEP, WAG, SIRI, VRSN, GRPN, EQIX, GM, NWSA, CAM, AGU, MDLZJana Partners gives quarterly update on stakes
NEW STAKES: Sirius XM (SIRI), Mondelez (MDLZ), Cameron (CAM), and Juniper (JNPR). INCREASED STAKES: Walgreens (WAG), General Motors (GM), QEP Resources (QEP), and Equinix (EQIX). DECREASED STAKES: Groupon (GRPN), Safeway (SWY), and URS Corporation (URS). LIQUIDATED STAKES: Agrium (AGU), VeriSign (VRSN), News Corp. (NWSA), and Copart (CPRT).
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November 23, 2015
17:11 EDTCPRTCopart to repurchase 7.3M shares of its common stock
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16:15 EDTEQIXEquinix initiated with a Buy at SunTrust
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15:28 EDTCPRTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Palo Alto (PANW), consensus 32c... Copart (CPRT), consensus 43c... Brocade (BRCD), consensus 24c... Post Holdings (POST), consensus 29c... YY (YY), consensus 82c... Dycom (DY), consensus $1.01... Cubic (CUB), consensus 96c... Enanta (ENTA), consensus 15c.
06:24 EDTGMGM uses KBB to offer targeted incentives, Automotive News reports
General Motors has turned to Kelley Blue Book's website to offer targeted incentives to customers, Automotive News reports. Reference Link
05:41 EDTVRSNVeriSign shares pricing in a lot of good news, says JPMorgan
JPMorgan analyst Sterling Auty says shares of VeriSign are pricing in a lot of good news after rallying 28% quarter-to-date. The recent surge in .com/.net names being registered is likely coming from domain name investors in China, which is not a consistent long-term source of growth, Auty tells investors in a research note titled ".Com Growth May Not Be Sustainable." He upped his price target for VeriSign shares to $84 from $74 and keeps an Underweight rating on the name.
November 22, 2015
18:46 EDTGMUAW union ratifies General Motors agreement
The United Auto Workers announced that its international executive board has formally ratified the national labor agreement with General Motors. The union explained that, after its proposed agreement with GM was blocked by the union's skilled trades members, it held meetings with those members and subsequently presented their concerns to both union leadership and GM itself. Following those discussions, the parties agreed to changes that "protect core trades classifications and seniority rights," according to UAW. Reference Link
November 20, 2015
13:00 EDTNWSADow Jones, Pearson to sell stakes in Vedomosti
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November 19, 2015
10:00 EDTQEPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Dick's Sporting (DKS) upgraded to Buy from Neutral at Monness Crespi... Fairchild (FCS) upgraded to Neutral from Underperform at Credit Suisse... Fiesta Restaurant (FRGI) upgraded to Strong Buy from Outperform at Raymond James... General Dynamics (GD) upgraded to Buy from Hold at Argus... Genomic Health (GHDX) upgraded to Outperform from Market Perform at Cowen... National Grid (NGG) upgraded to Outperform from Sector Perform at RBC Capital... ON Semiconductor (ON) upgraded to Buy from Neutral at Citi... Papa John's (PZZA) upgraded to Buy from Neutral at Sidoti... QEP Resources (QEP) upgraded to Buy from Neutral at Goldman... Seagate (STX) upgraded to Buy on selloff, dividend yield at Craig-Hallum... Sunoco (SUN) upgraded to Outperform at Credit Suisse... Tetraphase (TTPH) upgraded to Buy from Neutral at SunTrust... Wendy's (WEN) upgraded to Conviction Buy from Neutral at Goldman.
08:14 EDTQEPQEP Resources upgraded to Buy from Neutral at Goldman
Goldman transferred coverage on QEP Resources with a Buy rating from a Neutral rating and $19 price target. Analyst Pavan Hoskote expects shares to outperform from recently acquired assets that will drive strong 2016 oil growth, cash flow above spending, and attractive low leverage.
07:55 EDTGMGM's Reuss: Company 'deeply committed' to EVs, FT says
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07:39 EDTSIRISirius XM management to meet with Deutsche Bank
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06:03 EDTEQIXEquinix 2.6M share Secondary priced at $288
JPMorgan, BofA/Merrill, Citi, RBC Capital, Barclays and TD Securities acted as joint book running managers for the offering.
November 18, 2015
10:08 EDTGRPNGoPro sinks after analyst finds cameras on flash sales sites
The shares of action camera maker GoPro (GPRO) are sinking and hit a new 52-week low after research firm Piper Jaffray reported that the company has been offering significant discounts on its cameras. WHAT'S NEW: GoPro's cameras have been selling on flash sales websites such as Zulily (ZU) and Groupon (GRPN) at price discounts of 16%-34%, Piper analyst Erinn Murphy wrote in a note to investors today. As a result of these discounts and the 147% increase in GoPro's inventory at the end of the third quarter, the analyst is concerned that the company's gross margin could be pressured. In addition to the discounts GoPro is offering on the flash websites, the camera maker cut the price of its GoPro Session camera on Amazon to $299 from $399 in September and there has been "select downward price movement" on two more of its cameras on Amazon, Murphy reported. The analyst continues to expect GoPro's Q4 earnings per share to come in at 34c, versus analysts' consensus estimate of 41c. She slashed her fiscal 2016 EPS estimate for the company to $1.03 from $1.35, versus the consensus outlook of $1.37. Murphy reduced her price target on the stock to $15 from $20 and kept an Underweight rating on the name. WHAT'S NOTABLE: Ambarella (AMBA) makes chips used in GoPro's cameras. Best Buy (BBY), which is due to report its results tomorrow, sells GoPro's cameras. PRICE ACTION: In early trading, GoPro fell 8% to $19.19. Earlier today, it hit a new 52-week low of $19.04.
09:34 EDTGRPNActive equity options trading on open
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09:32 EDTGMThe House Oversight & Government Reform Committee to hold a hearing
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07:57 EDTGMBarclays to hold a conference
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07:53 EDTSIRISirius XM management to meet with Deutsche Bank
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November 17, 2015
17:33 EDTCAMSchlumberger, Cameron say Justice Department clears proposed merger
Schlumberger (SLB) and Cameron (CAM) jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Act. The closing of the proposed merger remains subject to approval by Cameron stockholders, with a special shareholder meeting scheduled for December 17. Schlumberger and Cameron expect to close the merger in 1Q16.
10:01 EDTSIRIAudi selects Sirius XM Connective Vehicle Services for Audi Connect
Sirius XM (SIRI) and Audi (AUDVF) of America announced that Audi has selected Sirius XM Connected Vehicle Services Inc., a unit of SiriusXM, to power emergency services for the next generation of Audi connect. The new emergency services will be available beginning with the model year 2017 Audi Q7, which goes on sale in January 2016.
08:10 EDTQEPMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
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