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February 14, 2014
17:14 EDTCTB, OAS, WLL, SNTS, STAY, JAZZ, PXD, FDO, S, VOD, AAL, C, HSH, MTB, AMCX, TWC, CPWR, HMHC, FDX, WPCPaulson & Co gives quarterly update on stakes
NEW STAKES: Extended Stay (STAY), Houghton Mifflin Harcourt (HMHC), American Airlines (AAL), Santarus (SNTS) and Compuware (CPWR). INCREASED STAKES: Vodafone (VOD), Whiting (WLL), Time Warner Cable (TWC), Sprint (S) and Oasis (OAS). DECREASED STAKES: AMC Networks (AMCX), Family Dollar (FDO), Cooper Tire (CTB), M&T Bank (MTB) and Pioneer Natural (PXD). LIQUIDATED STAKES: WP Carey (WPC), Hillshire Brands (HSH), Jazz Pharmaceuticals (JAZZ), FedEx (FDX) and Citigroup (C).
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November 20, 2015
16:36 EDTWLLWhiting Petroleum files automatic mixed securities shelf
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07:36 EDTSSprint lowers FY15 adjusted EBITDA view to $6.8B-$7.1B
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07:35 EDTSSprint signs $1.2B deal for sale and lease-back of certain leased devices
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07:33 EDTSSprint signs $1.2B deal for sale and lease-back of certain leased devices
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07:30 EDTAALUBS to hold a conference
Industrials & Transportation Conference is being held in Boca Raton, FL on November 18-20 with webcasted company presentations to begin on November 20 at 8 am; not all company presentations may be webcasted. Webcast Link
November 18, 2015
16:45 EDTSOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street were higher from the opening bell onward despite housing starts data that was weaker than expected. Investors waited for the release of the FOMC minutes and saw what they had suspected; that the Fed was reinforcing its message that the December meeting is an option for the central bank to begin raising interest rates. The visibility on rates gave investors confidence, leading to a late-day rally that saw the averages close at their highs. ECONOMIC EVENTS: In the U.S., the minutes from the Fed's last FOMC meeting showed that most participants expect that rate hike conditions will be met by their December meeting. The Fed repeated its constant refrain, though, that the actual decision would depend on the implications for the medium-term outlook from recent economic data. Housing starts fell 11.0% to a 1.06M pace in October, weaker than the expected rate of 1.16M. Building permits, however, rose 4.1% to a 1.15M rate, versus an expected rise of 3.8%. COMPANY NEWS: Shares of Target (TGT) fell 4.3% to $69.78 after the retailer reported in-line quarterly sales and profits and narrowed the range of its fiscal year earnings view. Target, which guided for same-store sales in the new quarter to be up 1%-2%, added that it sees "indications of heavy inventory levels" at some competitors into the holiday season... Shares of Apple (AAPL) climbed 3.17% to $117.29 after Goldman Sachs added the stock to its Conviction Buy List, predicting that investors should begin to focus on the company's monetization and recurring revenue opportunities over the next year, which would be a boon to its valuation... Raymond James analyst Pavel Molchanov downgraded Exxon Mobil to Underperform, the firm's equivalent to a "Sell" rating, saying he expects a modest oil recovery in 2016 but that Exxon's limited leverage to oil prices will act as a hindrance during a recovery. Despite Molchanov predicting Exxon shares to be a source of funds for investors turning more constructive on oil in 2016, the stock rose about 1% to $80.74 today amid a rally in oil prices. MAJOR MOVERS: Among the notable gainers was Fairchild (FCS), which jumped $1.52, or 8.5%, to $19.40 after agreeing to be acquired for $20 per share by ON Semiconductor (ON), whose stock fell 7.9% to $9.89 after the news. Also higher were Canadian Pacific (CP) and Norfolk Southern (NSC), with the two railway operators advancing a respective 5.8% and 6.35% after Canadian submitted a bid to acquire Norfolk, though the latter immediately criticized the offer as "low-premium." Additionally, ConAgra (CAG) gained 4% to $40.93 after announcing plans to separate into two independent public companies. Among the noteworthy losers was Qualcomm (QCOM), which dropped $4.98, or 9.4%, to $48.00 after disclosing that Korea's Fair Trade Commission alleged the company does not "properly negotiate" aspects of its licenses and may be violating Korean competition law. Also lower was Sprint (S), which fell 9.3%, to $3.99 after announcing a 50% discount for new customers switching from competing wireless carriers. GoPro (GPRO) declined 5.1% to $19.81 after research firm Piper Jaffray noted that the company has been offering discounts on its cameras, including featuring them on "flash sale" sites, and cut its price target on the stock to $15 per share. INDEXES: The Dow rose 247.66, or 1.42%, to 17,737.16, the Nasdaq gained 89.19, or 1.79%, to 5,075.20, and the S&P 500 advanced 33.14, or 1.62%, to 2,083.58.
11:33 EDTSSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.
08:55 EDTCMorgan Stanley exec sees Q4 not much better than Q3 for banks, DJ reports
Morgan Stanley (MS) Institutional Securities President Colm Kelleher cautioned that fixed-income markets "still seem subdued," according to Dow Jones, citing his comments at an investment conference. Morgan Stanley was among the banks that reported lower revenue from fixed-income, currency and commodities trading during the third quarter and Kelleher said he doesn't think "the fourth quarter is going to be much better," the report noted. Large bank peers to Morgan Stanley include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
08:28 EDTJAZZLeerink to hold a bus tour
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07:32 EDTWPCW.P. Carey acquires $52M Marriott International net lease portfolio
W. P. Carey (WPC) has acquired a portfolio of six Courtyard by Marriott hotels for approximately $52M. The portfolio is triple-net leased to a wholly-owned subsidiary of Marriott (MAR). The portfolio of six properties has shown strong operating performance in recent years, including growth in average daily rate, occupancy and revenue per available room, and has generated consistent operating margins and substantial rent coverage. The portfolio is triple-net leased with a remaining term of approximately 11 years and includes fixed rent escalations.
06:19 EDTFDXUPS, FedEx peers see business in bulky item deliveries, WSJ says
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05:42 EDTCStora Enso Oyj appoints Citi as successor depositary bank for ADR program
Citi (C), acting through Citibank N.A., has been appointed by Stora Enso Oyj (SEOAY) as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program, which trades on the U.S. OTCQX marketplace under the symbol "SEOAY". Stora Enso's underlying ordinary shares are listed and trade on the NASDAQ OMX Helsinki Stock Exchange under symbol "STERV".
November 17, 2015
16:21 EDTSSprint to hold a press conference with a conference call hookup
Sprint CEO Claure makes a major announcement and will answer questions from participating journalists at a Press Conference to be held on November 18 at 12:15 pm.
14:49 EDTSTAYExtended Stay America sees Q4 revenue $297M-$302M, consensus $299.45M
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14:44 EDTSTAYExtended Stay America sees FY15 revenue $1.285B-$1.29, consensus $1.29B
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14:11 EDTAALAmerican Airlines loyalty program to reward dollars spent, not miles flown
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13:03 EDTTWCTime Warner Cable management to meet with Jefferies
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11:24 EDTAALStocks with call strike movement; AAL AMZN
American Airlines (AAL) February 50 call option implied volatility increased 2% to 34, (AMZN) April 760 call option implied volatility increased 1% to 32 according to iVolatility.
08:39 EDTPXDPioneer Natural most likely large-cap E&P takeover candidate, says Canaccord
Canaccord believes Pioneer Natural (PXD) would be the most likely large cap takeover candidate in the E&P space, but said there is no way a major could make it an immediately accretive asset. The firm also thinks Callon Petroleum (CPE) would be the most likely small to mid-cap acquisition candidate given its high quality core Midland acreage and relatively cheap valuation.
07:50 EDTCClearing House to hold a conference
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