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Stock Market & Financial Investment News

News Breaks
November 27, 2013
09:08 EDTSXC, BTU, ACI, ANR, WLTGoldman says to buy SunCoke and Peabody, sell Arch Coal
Goldman expects only a gradual recovery in 2014 met coal prices and recommends SunCoke (SXC) due to restructuring potential and Peabody Energy (BTU) for cost cutting. The analyst continues to view Arch Coal as its top Sell idea due to rich valuation and high leverage.
News For SXC;BTU;ACI;ANR;WLT From The Last 14 Days
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April 11, 2014
10:13 EDTSXCHigh option volume stocks: SXC FSL IMPV TWGP
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April 9, 2014
16:23 EDTWLT, ANR, ACIOn The Fly: Closing Wrap
Stocks on Wall Street were higher after the minutes of the latest FOMC meeting struck a particularly dovish note. The averages, which were higher for the second straight session ahead of the minutes release, climbed to their highs over the final two hours of trade. Each index posted gains of over 1%, with the tech-heavy Nasdaq again the biggest winner. ECONOMIC EVENTS: The minutes for the March 18-19 FOMC showed that some committee members were concerned that its future interest rate projections could be misconstrued by the market as advocating tighter monetary policies. The minutes also showed that committee members expect to continue tapering the Fed's asset purchases if the economy performs as expected going forward. Wholesale inventories rose 0.5% in February, matching economists' forecast. COMPANY NEWS: Several auto majors were in the news, notably General Motors (GM), which fell 91c, or 2.64%, to $33.62 as the National Highway Traffic Safety Administration yesterday announced that it fined the automaker for failing to respond to the administration's inquiry into its recall related to faulty ignition switches in a timely manner. Analysts at Morgan Stanley also downgraded the stock to Underweight from Equal Weight. U.S.-listed shares of Toyota Motor (TM) fell $1.37, or 1.26%, to $107.73 after the company announced the recall of over 6M vehicles worldwide. A report from Automotive News said that Volkswagen (VLKAY) issued a stop-sale order on some of it newer-model cars, but U.S.-listed shares of the German automaker, which were upgraded earlier in the session by Bernstein to Outperform, were unfazed and gained $2.91, or 5.72%, to $53.78... Two notable initial public offerings took place today, with hotel chain operator La Quinta (LQ) gaining 12c, or 0.71%, to $17.12 and Chinese medical exam and screening center operator iKang Healthcare (KANG) gaining $1.20, or 8.57%, to $15.20, in their first day of trade. MAJOR MOVERS: Among the notable gainers was marketing software and solutions provider Constant Contact (CTCT), up $6.30, or 28.74%, to $28.22 after the company's preliminary first quarter revenue exceeded analysts' projection. Also higher was social media giant Facebook (FB), up $4.22, or 7.25%, to $62.41 after analysts at Susquehanna and SunTrust published positive commentary on the company. Among the noteworthy losers was Intuitive Surgical (ISRG), down $33.20, or 6.78%, to $456.64 after last night saying it expects first quarter revenue to come in well below expectations, though the stock was defended by no fewer than three analyst firms following the announcement. Also lower were a number of coal producers, including Alpha Natural Resources (ANR) and Walter Energy (WLT), which each lost more than 6%, and Arch Coal (ACI), which fell over 3%, after all three stocks were downgraded to Sell at UBS. INDEXES: The Dow was up 181.04, or 1.11%, to 16,437.18, the Nasdaq was up 70.91, or 1.72%, to 4,183.90, and the S&P 500 was up 20.22, or 1.09%, to 1,872.18.
16:00 EDTWLTOptions Update; April 9, 2014
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12:18 EDTWLT, ACI, ANROn The Fly: Midday Wrap
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12:00 EDTWLTWalter Energy falls 7.2%
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12:00 EDTANRAlpha Natural falls 7.8%
Alpha Natural is down 7.8%, or 38c, to $4.50
10:06 EDTANR, WLT, ACIOn The Fly: Analyst Downgrade Summary
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09:11 EDTACIOn The Fly: Pre-market Movers
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09:00 EDTANRAlpha Natural falls 3.3%
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09:00 EDTACIArch Coal falls 3.5%
Arch Coal is down 3.5%, or 18c, to $5.00
06:40 EDTACIArch Coal downgraded to Sell from Neutral at UBS
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06:40 EDTWLTWalter Energy downgraded to Sell from Neutral at UBS
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06:40 EDTANRAlpha Natural downgraded to Sell from Neutral at UBS
UBS downgraded Alpha Natural to Sell from Neutral and lowered its price target to $3 from $5 based on lower met coal price forecasts for the sector due to oversupply issues and the latest Q2 benchmark settlement that was lower than expected. The firm expects balance sheets to be stressed and cash burn to accelerate which could result in a 2016 liquidity crisis.
April 8, 2014
10:00 EDTANRAlpha Natural rises 6.8%
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April 7, 2014
10:50 EDTSXCHigh option volume stocks: HST SEAS SXC CMCSK MILL
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April 4, 2014
10:02 EDTBTUOn The Fly: Analyst Upgrade Summary
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08:05 EDTSXCSunCoke Energy sees Q1 domestic coke production of 944,000 tons
SunCoke Energy reported Q1 domestic coke production is expected to be 944,000 tons, down an estimated 108,000 tons versus the same prior year period. This year-over-year decline reflects approximately 64,000 tons of lower production at our Indiana Harbor facility due to the combined impact of severe winter weather and the significant refurbishment effort underway at this plant. The extreme winter weather, which impacted charge weights and yield, drove nearly 40,000 tons of lower production at our Haverhill and Granite City operations collectively. Domestic capacity utilization in Q1 is estimated to be 90%, as compared to 101% in the same prior year period.
08:04 EDTSXCSunCoke Energy Partners sees Q1 cokeproduction 414,000 tons
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07:36 EDTBTUPeabody upgraded to Outperform from Market Perform at Cowen
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April 2, 2014
12:20 EDTWLT, BTU, ANR, ACICoal stocks higher after BHP executive signals confidence
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