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Stock Market & Financial Investment News

News Breaks
April 1, 2014
09:12 EDTVRNT, HSP, MDCO, NVDA, STXS, DRTX, MRVL, RBCN, ARTX, MDR, CLNE, ISRG, UALOn The Fly: Pre-market Movers
HIGHER: Intuitive Surgical (ISRG), up 10% after announcing FDA clearance for new da Vinci Xi Surgical System... Clean Energy (CLNE), up 4% after beginning fueling at two stations, signing agreements... Durata Therapeutics (DRTX), up 8% after an FDA Committee voted in favor of its Dalvance injection for the treatment of certain acute bacterial skin and skin structure infections... Rubicon (RBCN), up 7.9% following upgrade at JPMorgan... United Continental (UAL), up 2.2% following upgrade at UBS... NVIDIA (NVDA), up 3% after upgrade at JMP Securities... Marvell (MRVL), up 4% after announcing it plans to appeal patent decision against it... Stereotaxis (STXS), up 12% after submitting 510 Premarket Notification with the FDA for the Vdrive Robotic system... Verint Systems (VRNT), up 5% after reporting earnings that beat expectations and providing a fiscal year outlook that also topped estimates. LOWER: Arotech (ARTX), down 11% after reporting fiscal year earnings and revenue that disappointed... The Medicines Company (MDCO), down 16% after court ruled the company failed to prove that Hospira's (HSP) generic Angiomax product infringed its patents... McDermott (MDR), down 5.8% after filing to sell 10M tangible equity units and saying that its first quarter results may differ "substantially" from the company's expectation.
News For UAL;RBCN;NVDA;ISRG;MRVL;MDCO;CLNE;DRTX;HSP;MDR;STXS;VRNT;ARTX From The Last 14 Days
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June 22, 2015
14:33 EDTMDCOThe Medicines Co. antiplatelet drug approved by FDA
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11:43 EDTUALStocks with call strike movement; AAL UAL
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10:41 EDTISRGOptions with increasing implied volatility
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07:19 EDTUALAirlines focusing on upgraded in-flight web services, WSJ reports
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June 21, 2015
13:03 EDTUALU.S. airline stocks may rise 15%-50% in one year, Barron's says
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June 19, 2015
16:59 EDTUALBuckeye, airlines agree to settle FERC disputes
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11:09 EDTUALDelta climbs following upgrade, reported fare hike
The shares of Delta Air Lines (DAL) are rising after research firm Wolfe Research upgraded the stock to Outperform from Peer Perform in a note to investors earlier today. Additionally, JPMorgan says Delta appears to have instituted a domestic fare increase yesterday. WHAT'S NEW: Delta's new deal with its pilots on profit sharing removes an unknown that had been facing the company, Wolfe wrote. Additionally, the airlines seems to be implementing additional domestic capacity cuts, the firm stated. As a result, Wolfe slightly increased its passenger revenue per available seat mile, or PRASM, estimate for the company. Furthermore, expectations for Delta's Q3 PRASM have dropped significantly, even though the airlines recently said that its PRASM should turn positive in Q4. Consensus estimates for Delta now look "reasonable" for this year and beatable in 2016, according to Wolfe, which set a $62 price target on the shares. WHAT'S NOTABLE: JPMorgan said Delta appears to have instituted an additional, $2 one-way across-the-board domestic fare increase yesterday, following last week's industry-wide increase. The firm sees "no harm" in Delta trying, but adds it would be surprised to see material support from the discounters. JPMorgan said it remains "puzzled" as to why airline industry stock sentiment is so negative since discipline among the companies is "alive and kicking." The firm has an Overweight rating on Delta. OTHERS TO WATCH: Other publicly traded airline operators include American Airlines (AAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). PRICE ACTIOn: In late morning trading, Delta rose 2.5% to $42.38.
June 18, 2015
10:21 EDTUALSouthwest, Spirit retreat after analysts downgrade shares
Southwest Airlines (LUV) and Spirit Airlines (SAVE) are falling after both airline stocks received downgrades from research firms this morning. Barclays downgraded Southwest, while Credit Suisse cut its rating on Spirit. WHAT'S NEW: Barclays analyst David Fintzen lowered his rating on Southwest to Underweight from Overweight, saying that the stock's valuation is above peer levels even though its outlook is no better than its large competitors. Moreover, the company's margins could drop in 2016 because of its "outsized growth," the analyst warned. Credit Suisse analyst Julie Yates downgraded Spirit Airlines to Neutral from Outperform, as she believes the airlines is facing more aggressive competitor fares. American Airlines (AAL) is offering lower fares than Spirit on five of the latter company's ten top ten routes for travel two months from reservation dates, the analyst stated. Moreover, Spirit's second quarter margins may come in below its guidance and the airline will probably reduce its margin outlook when its reports its Q2 results in late July, Yates predicted. WHAT'S NOTABLE: Barclays' Fintzen was more upbeat on Spirit, continuing to identify it as his top pick among airlines. More broadly, Fintzen remains generally upbeat on airline stocks, predicting that the industry's profitability will be "far more durable" than the market believes. The sector's competition is balanced, and it has increased its capacity and airplane purchases much less than in prior periods of oil price declines, according to Fintzen. Additionally, the airline stocks' multiples remain overly depressed, he believes. He says that the following stock in the sector can climb about 50%: Spirit, American, Delta (DAL), and United (UAL). PRICE ACTION: In early trading, Southwest dropped 2.2% to $33.11 and Spirit slid 2.4% to $60.91.
05:50 EDTMRVLMarvell upgraded to Neutral from Sell at Goldman
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05:41 EDTUALSouthwest downgraded to Underweight from Overweight at Barclays
Barclays analyst David Fintzen downgraded Southwest (LUV) two notches to Underweight from Overweight saying the company has moved from a margin expansion story to an "average" big four airline trading at a premium valuation. Fintzen expects Southwest's growth to normalize in 2016 and cut his price target for shares to $39 from $50. The stock closed yesterday down 7c to $33.84. The analyst coupled the downgrade with an upgrade of Align Technology (ALGN) to Equal Weight. He remains bullish on airlines, with Spirit Airlines (SAVE) remaining his top pick, followed by Delta Air Lines (DAL), American Airlines (AAL) and United Continental (UAL). Fintzen sees 50% average upside in those four names.
June 17, 2015
15:52 EDTUALAir Transport Assc. reevaluates carry-on changes
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13:17 EDTNVDAAMD advances after introducing next-generation Radeon graphics line-up
Shares of AMD (AMD) are rising today after the company introduced its next-generation Radeon graphics line-up yesterday at the Electronic Entertainment Expo or E3. "The AMD next-generation graphics cards mark a technology turning point in PC gaming, bringing super high resolutions, exceptional VR experiences, smoother gameplay, support for new, advanced APIs like DirectX 12 and Vulkan, and groundbreaking form factors to gamers everywhere through a top-to-bottom line of GPUs that fit virtually every need and budget", the company noted. Radeon R9 300 series GPUs and Radeon R7 series GPUs are scheduled for select retailer availability on June 18. The AMD Radeon R9 Fury X GPU is planned to be available on June 24. AMD competes with NVIDIA (NVDA) in the graphics processor unit or GPU product space. Shares of AMD are up around 5% to $2.47 while NVIDIA shares are up 0.75% to $21.49 in afternoon trading.
10:00 EDTMDROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with an Overweight at Piper Jaffray... Arista Networks (ANET) initiated with a Buy at Sterne Agee CRT... Astec (ASTE) initiated with a Buy at Maxim... Bristol-Myers (BMY) initiated with an Underweight at Piper Jaffray... Community Healthcare (CHCT) initiated with an Outperform at Oppenheimer... Eli Lilly (LLY) initiated with an Overweight at Piper Jaffray... Fitbit (FIT) initiated with a Buy ahead of IPO at Dougherty... Hortonworks (HDP) initiated with a Buy at Mizuho... II-VI (IIVI) initiated with a Buy at Benchmark Co.... J Sainsbury (JSAIY) initiated with an Underperform at Credit Suisse... McDermott (MDR) initiated with an Outperform at Cowen... Merck (MRK) initiated with a Neutral at Piper Jaffray... Molina Healthcare (MOH) initiated with a Buy at UBS... Pacific DataVision (PDVW) initiated with a Buy at Canaccord... Pfizer (PFE) initiated with an Overweight at Piper Jaffray... Quest Resource (QRHC) initiated with a Buy at Roth Capital... Regional Management (RM) initiated with a Buy at Janney Capital... Rofin-Sinar (RSTI) initiated with a Buy at Benchmark Co.... Salesforce (CRM) initiated with a Neutral at Exane BNP Paribas... Sprouts Farmers Markets (SFM) initiated with a Neutral at Cleveland Research... Tesco (TSCDY) initiated with an Underperform at Credit Suisse... WM Morrison (MRWSY) initiated with a Neutral at Credit Suisse... WWE (WWE) initiated with a Buy at BTIG... World Acceptance (WRLD) initiated with a Buy at Janney Capital... Zafgen (ZFGN) initiated with a Buy at SunTrust.
10:00 EDTNVDAOn The Fly: Analyst Upgrade Summary
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09:17 EDTARTXOn The Fly: Pre-market Movers
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09:04 EDTNVDANVIDIA upgraded to Buy from Neutral at Tigress Financial
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08:17 EDTMDRMcDermott initiated with an Outperform at Cowen
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08:08 EDTARTXArotech's power division awarded $7.5M in new contracts
Arotech announced that its North American Power System Division, which includes UEC Electronics, has been awarded multiple contracts from new and existing customers in the aggregate amount of $7.5M from tier-1 manufacturers in the defense and medical device industries.
06:57 EDTISRGIntuitive Surgical volatility at low end of historic range
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June 16, 2015
12:04 EDTUALUnited Airlines moving p.s. transcontinental service to Newark from JFK
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