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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:07 EDTMERC, SOL, PCAR, UFS, SBMRY, ARIA, RAX, EXA, SVLC, SHTDF, PANW, EOn The Fly: Analyst Upgrade Summary
Domtar (UFS) upgraded to Buy from Neutral at Goldman... Eni SpA (E) upgraded to Outperform from Market Perform at Raymond James... Exa Corp. (EXA) upgraded to Outperform from Neutral at RW Baird... PACCAR (PCAR) upgraded to Buy from Neutral at Goldman... Palo Alto (PANW) upgraded to Outperform from Market Perform at FBR Capital... Rackspace (RAX) upgraded to Overweight from Equal Weight at Morgan Stanley... ReneSola (SOL) upgraded to Buy from Neutral at Roth Capital... Sinopharm Group (SHTDF) upgraded to Outperform from Neutral at Credit Suisse... ARIAD (ARIA) at H.C upgraded to Buy from Neutral at H.C. Wainwright... SilverCrest (SVLC) upgraded to Buy from Neutral at Roth Capital... Mercer (MERC) upgraded to Hold from Reduce at TD Securities... SABMiller (SBMRY) upgraded to Outperform from Market Perform at Bernstein.
News For UFS;E;EXA;PCAR;PANW;RAX;SOL;SHTDF;ARIA;MERC;SVLC;SBMRY From The Last 14 Days
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April 21, 2015
08:40 EDTPANWCheck Point price target raised to $100 from $85 at Needham
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08:02 EDTPCARPACCAR says DAF 'cooperating' with European Commission
DAF is cooperating with the European Commission and is preparing its response to the Statement of Objections issued in November 2014. The Statement expressed the Commission’s preliminary view that all major European medium- and heavy-duty truck manufacturers had participated in anticompetitive practices in the European Union. The Commission indicated that it will seek to impose significant fines on the manufacturers. The Commission will review the manufacturers’ responses before issuing a decision. Any decision would be subject to appeal. The Company is unable to estimate the potential fine at this time.
08:02 EDTPCARPACCAR reports Q1 EPS $1.06, consensus $1.01
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07:36 EDTARIAARIAD anounces results of preclinical studies on Brigatinib at AACR meeting
ARIAD Pharmaceuticals announced the results of a series of preclinical studies on its investigational tyrosine kinase inhibitor, brigatinib at the American Association for Cancer Research Annual Meeting 2015. Brigatinib is in development for the treatment of patients with anaplastic lymphoma kinase positive metastatic non-small cell lung cancer, who are resistant to crizotinib. An oral presentation describes, for the first time, the design and chemical structure of brigatinib, discovered using ARIAD’s structure-based drug design platform. With the goal of designing a selective ALK inhibitor with broad-based activity against crizotinib-resistant mutants, ARIAD scientists advanced a series of novel compounds culminating in the identification of brigatinib. Brigatinib incorporates unique chemical-design features, including the distinctive use of a recognition element that confers favorable pharmacologic properties. Brigatinib has at least 10-fold greater potency than crizotinib against ALK+ NSCLC cell lines and was broadly active against clinically relevant crizotinib-resistant mutants in preclinical models. A poster presentation shows that brigatinib, at clinically achievable concentrations, has potent anti-tumor activity against a panel of 17 distinct ALK mutants known to confer resistance to other ALK inhibitors. In a separate study designed to model the occurrence of brain metastases in ALK+ lung cancer patients, brigatinib significantly reduced the tumor burden in mice with ALK+ brain tumors compared to the tumors in mice treated with crizotinib. Survival of brigatinib-treated mice was also markedly enhanced compared to the survival duration of crizotinib-treated mice.
07:15 EDTPANWUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
05:39 EDTSBMRYSABMiller downgraded to Underperform from Neutral at Credit Suisse
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April 20, 2015
16:32 EDTPANWPalo Alto re-initiated with an Outperform at Imperial Capital
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16:09 EDTSBMRYCraft Brew appoints Joe Vanderstelt as CFO
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15:37 EDTPCARNotable companies reporting before tomorrow's open
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12:35 EDTPANWCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
08:32 EDTEBofA/Merrill European strategists hold an analyst/industry conference call
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08:25 EDTRAXData centers,connectivity firms should be owned into results, says Pacific Crest
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07:20 EDTARIAAmerican Association for Cancer Research to hold annual meeting
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April 19, 2015
12:41 EDTPCARKroger, Dollar General, others can be bought and held for 3 years, Barron's says
Shares of PACCAR (PCAR), Lam Research (LRCX), Kroger (KR), Autoliv (ALV), Archer Daniels (ADM), and Dollar General (DG) should be bought and held for the next three years due to high return on invested capital, Barron's contends in a feature article. Reference Link
April 17, 2015
07:36 EDTARIAARIAD presents updated clinical data on Brigatinib
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April 16, 2015
09:04 EDTSBMRYSABMiller reports Q4 net producer revenue grew 6%
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April 13, 2015
14:20 EDTARIANHS Scotland accepts ARIAD's Iclusig for use
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08:57 EDTSVLCSilverCrest reports Q1 silver production up 131% YoY
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06:47 EDTPANWPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTPANWEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
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