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Stock Market & Financial Investment News

News Breaks
April 1, 2012
09:47 EDTBKI, BCE, TGI, CVX, RGR, HITK, M, IBM, DLTRJames Investment Research targets stocks in favored industries, Barron's says
James Investment Research's James Balanced: Golden Rainbow Fund (GLRBX) has been attracting serious attention, having more than doubling its assets to $1.5B since 2009. Part of the reason is that investors, in a cautious mood, have been seeking out balanced funds, says Frank James, founder and chairman of the 37-year-old firm and lead manager of the Golden Rainbow fund. The firm then targets stocks within favored industries. Over the past decade, the fund has consistently lost less than its category peers in down markets, and has done so with less volatility. The fund's top 10 holdings: Triumph Group (TGI), Dollar Tree (DLTR), Hi-Tech Pharmacal (HITK), BCE (BCE), International Business Machines (IBM), Sturm Ruger (RGR), Buckeye Technologies (BKI), Macy’s (M) and Chevron (CVX). Reference Link
News For TGI;DLTR;HITK;BCE;IBM;RGR;BKI;M;CVX From The Last 14 Days
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June 29, 2015
10:09 EDTMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
09:53 EDTMMacy's retreats after Deutsche cuts to sell, says real estate sale unlikely
The shares of Macy's (M) are falling in early trading after research firm Deutsche Bank downgraded the stock to Sell from Buy, saying that the retailer is facing numerous challenges. WHAT'S NEW: Macy's same-store sales are likely to remain "anemic," partly due to tourism headwinds and increased competition from its own vendors, Deutsche Bank analyst Paul Trussell wrote in a note to investors earlier today. Meanwhile, the company's earnings before interest, taxes, depreciation and amortization is likely to remain "flattish," partly because of higher shipping and healthcare costs and lower leverage on its sales, the analyst stated. Given all of these challenges, Macy's profit growth will probably not exceed high single digit percentage levels over the next couple of years, while its share repurchases will probably be reduced, Trussell said. Although Macy's could drive significant value by monetizing its real estate portfolio, it's unlikely to do so, according to Trussell. WHAT'S NOTABLE: On June 2, Reuters reported that Macy's would listen to a request by hedge funds who were asking the company to consider options for its real estate holdings. However, the company was worried that selling real estate and then leasing it back would saddle it with significant leasing costs, the news service noted. PRICE ACTION: In early trading, Macy's fell 2.1% to $68.38.
06:28 EDTMMacy's downgraded to Sell from Buy at Deutsche Bank
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06:05 EDTIBMNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 25, 2015
13:08 EDTCVXPenn Virginia higher after blog speculates on another deal
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12:07 EDTCVXBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
09:34 EDTCVXActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
07:17 EDTIBMRed Hat to hold a summit
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June 24, 2015
17:57 EDTIBMWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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16:21 EDTIBMOn The Fly: Top stock stories for Wednesday
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12:30 EDTIBMOn The Fly: Top stock stories at midday
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09:10 EDTIBMOn The Fly: Pre-market Movers
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07:19 EDTCVXU.K. panel to decide on first fracking in area since 2011, WSJ reports
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05:10 EDTIBMIBM, Box announce global partnership
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June 23, 2015
10:45 EDTIBMIBM calls active after report says Ackman to take on big target
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10:01 EDTIBMIBM up after Post says Ackman to take on big target
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09:00 EDTBCETelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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07:41 EDTIBMRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:04 EDTIBMOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
June 22, 2015
05:39 EDTIBMNidec, IBM Japan to jointly develop IoT Technology
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