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Stock Market & Financial Investment News

News Breaks
April 23, 2014
08:08 EDTSONS, NVAX, NRF, SIRI, AEGR, WWWW, FUN, WRLD, NCS, PLCE, ORN, DY, BIG, ORB, CR, SPLKSplunk, Big Lots on FBR's list of stocks that can double
FBR Capital compiled a list of stocks it believes can double within two years. The names on the list are: Big Lots (BIG), Children's Place (PLCE), Crane (CR), Dycom (DY), NCI Building Systems (NCS), Orbital Sciences (ORB), Orion Marine (ORN), Northstar Realty (NRF), World Acceptance (WRLD), Aegerion (AEGR), Novavax (NVAX), Cedar Fair (FUN), Sirius XM (SIRI), Sonus Networks (SONS), Splunk (SPLK) and Web.com (WWWW).
News For SPLK;BIG;PLCE;CR;DY;NCS;ORB;ORN;NRF;WRLD;AEGR;NVAX;FUN;SIRI;SONS;WWWW From The Last 14 Days
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June 30, 2015
17:06 EDTSPLKSplunk initiated with an Outperform at Raymond James
Target $80.
June 29, 2015
12:38 EDTPLCEChildren's Place management to meet with Mizuho
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June 26, 2015
09:18 EDTSIRISirius XM discloses settlement agreement with various record companies
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June 25, 2015
16:23 EDTWRLDOn The Fly: Top stock stories for Thursday
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12:51 EDTWRLDOn The Fly: Top stock stories at midday
Stocks on Wall Street opened higher but quickly gave up most of their gains as investors awaited news of a deal being reached between Greece and its creditors. The averages bounced back when the Supreme Court issued its ruling upholding ACA subsidies, sending a number of healthcare linked stocks higher. The market remained in positive ground near noon, but well off its best levels. ECONOMIC EVENTS: In the U.S., personal income rose 0.5% in May, matching the consensus expectation, while spending rose 0.9%, topping the expected 0.7% increase. Initial jobless claims were 271,000 in the week ended June 20, versus expectations for 273,000 first-time claims. Markit's services index fell to 54.8 for the flash June reading, versus expectations for a rise to 56.5 from the 56.2 May reading. The Kansas City Fed manufacturing survey for June came in at -9, as expected. COMPANY NEWS: Shares of hospital operators and health insurers rose after the Supreme Court upheld the legality of subsidies provided under the framework of the Affordable Care Act. The 6 to 3 decision in the Burwell versus King case means that the government can continue to offer subsidies to low income people who purchase health insurance plans on the federal exchange. The plaintiffs in the case had asked the court to strike down such subsidies, saying that the ACA had only allowed the government to subsidize insurance bought on exchanges created by states. In the wake of the ruling, which has been eagerly anticipated, Tenet Healthcare (THC) and Community Health (CYH) both rose more than 14%, while HCA Holdings (HCA) advanced nearly 9%. MAJOR MOVERS: Among the notable gainers was IAC/InterActiveCorp (IACI), which advanced 5% after announcing that its board has approved the pursuit of an initial public offering for The Match Group, which includes dating website Match.com and mobile dating app Tinder. IAC expects Match Group to issue less than 20% of its common stock in the IPO, which is seen being completed during the fourth quarter of this year. Also higher was Magnum Hunter (MHR), which gained 5% after disclosing that it has now determined to pursue the sale by the company of 100% of its current equity ownership interest in Eureka Hunter Holdings. Among the noteworthy losers was World Acceptance (WRLD), which dropped 19% after the company entered into an amendment with its lenders on its revolving credit agreement. FBR Capital downgraded the stock to Market Perform and cut its price target for shares to $73 from $98 afterward, saying restrictive covenants in the latest amendment means free cash flow will now be used to pay down debt rather than buy back stock. Also lower were shares of Cree (CREE), which fell about 11% after the company announced last night that it has decided to restructure its LED Products business to reduce excess capacity and overhead following recent market trends that have resulted in higher LED average selling price erosion than previously forecast. Cree also lowered its Q4 revenue view and issued FY16 revenue guidance that was below the consensus expectation. INDEXES: Near midday, the Dow was up 18.88, or 0.11%, to 17,984.95, the Nasdaq was up 5.87, or 0.11%, to 5,128.29, and the S&P 500 was up 2.18, or 0.1%, to 2,110.76.
10:01 EDTWRLDHigh option volume stocks
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10:00 EDTWRLDOn The Fly: Analyst Downgrade Summary
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10:00 EDTWWWWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
09:08 EDTWRLDOn The Fly: Pre-market Movers
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07:34 EDTAEGRAegerion appoints Eleven Biotherapeutics CFO Gregory Perry as CFO
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06:43 EDTWRLDWorld Acceptance downgraded to Market Perform from Outperform at FBR Capital
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06:28 EDTWWWWWeb.com upgraded to Buy from Neutral at B. Riley
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June 24, 2015
17:36 EDTBIGBig Lots CEO establishes 10b5-1 plan
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14:51 EDTSIRISirius XM, Fox News announce partnership on new channel
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09:01 EDTNRFNorthstar Realty management to meet with Deutsche Bank
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05:47 EDTNRFStocks with implied volatility movement; NRF DDD
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June 23, 2015
11:28 EDTSIRISirius XM management to meet with FBR Capital
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09:35 EDTWWWWWeb.com downgraded to Neutral from Buy at Citi
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07:29 EDTNRFNorthstar Realty management to meet with Deutsche Bank
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June 22, 2015
09:06 EDTBIGBig Lots launches Big Lots Latino
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