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Stock Market & Financial Investment News

News Breaks
March 29, 2012
10:20 EDTAXP, WFM, MGA, ONE, MDRX, VZ, JNS, BKI, UA, MTL, HFC, TOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AT&T (T) downgraded to Neutral from Outperform at RW Baird...Allscripts (MDRX) downgraded to Hold from Buy at Auriga...American Express (AXP) downgraded to Market Perform from Outperform at Wells Fargo...Buckeye Technologies (BKI) downgraded to Sector Perform from Outperform at RBC Capital...Higher One (ONE) downgraded to Neutral from Buy at Goldman...HollyFrontier (HFC) downgraded to Neutral from Outperform at Credit Suisse...Janus Capital (JNS) downgraded to Hold from Buy at Jefferies...Magna (MGA) downgraded to Sell from Neutral at Citigroup...Mechel (MTL) downgraded to Neutral from Buy at UBS...Verizon (VZ) downgraded to Neutral from Outperform at RW Baird...Whole Foods (WFM) downgraded to Neutral from Buy at Goldman...Under Armour (UA) downgraded to Neutral from Buy at Longbow.
News For T;MDRX;AXP;BKI;ONE;HFC;JNS;MGA;MTL;VZ;WFM;UA From The Last 14 Days
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January 21, 2015
07:14 EDTHFCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
07:04 EDTWFMWhole Foods upgraded to Buy from Neutral at Sterne Agee
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05:56 EDTVZVerizon downgraded to Equal Weight from Overweight at Barclays
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January 20, 2015
11:58 EDTAXPAmerican Express volatility increases into Q4 and outlook
American Express January weekly call option implied volatility is at 37, February is at 27, March is at 20; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 21.
09:38 EDTVZActive equity options trading
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06:24 EDTVZ, TT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 18, 2015
13:45 EDTT, VZGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
18:07 EDTVZ, TCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
17:25 EDTTAT&T reports Q4 $10B charge related to pension benefits and network assets
For the quarter ended December 31, AT&T expects to record a noncash, pre-tax loss of approximately $7.9B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company decreased its assumed discount rates used to measure the pension obligation to 4.3% and to 4.2% for the company's postretirement obligation. These reductions resulted in an actuarial loss of approximately $7.9B. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of its assumed rate of return as well as demographic changes and other assumptions. Actuarial gains and losses are managed on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, this loss will not affect segment operating results or margins. The company's Q4 operating results will also include a $2.1B noncash charge for the abandonment in place of certain network assets. During Q4, the company performed an analysis of its network assets and determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for AT&T's legacy voice and data products and the migration of its networks to next generation technology. This decision by management will not be considered in the company's assessment of segment performance and therefore, this charge will be reflected only in consolidated results and will not affect segment operating results or margins.
16:00 EDTVZOptions Update; January 16, 2015
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07:40 EDTHFCWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 15, 2015
12:03 EDTAXPAmerican Express reports December write-off rate 1.3% vs. 1.4% last month
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10:00 EDTMGAOn The Fly: Analyst Upgrade Summary
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10:00 EDTMGAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTVZActive equity options trading
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09:16 EDTMGAMagna downgraded to Hold from Buy at TD Securities
TD Securities downgraded Magna to Hold and reduced its price target to $110 citing disappointing 2015 guidance.
07:35 EDTMGAMagna upgraded to Buy from Hold at Canaccord
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06:27 EDTT, VZIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
05:55 EDTWFMSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
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05:53 EDTHFCHollyFrontier management to meet with Guggenheim
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