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Stock Market & Financial Investment News

News Breaks
August 11, 2014
15:32 EDTFST, REN, TWER, CZR, TRAK, JOBS, GSAT, CIM, MR, OPK, RAX, ICPT, NUAN, VTRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Ventas (VTR), consensus $1.09; Nuance Communications (NUAN), consensus 27c; Intercept Pharmaceuticals (ICPT), consensus (12c); Rackspace Hosting (RAX), consensus 16c; Opko Health (OPK), consensus (9c); Mindray Medical (MR), consensus 54c; Chimera Investment (CIM), consensus 9c; Globalstar (GSAT), one estimate (4c); 51job (JOBS), consensus 32c; Dealertrack Technologies (TRAK), consensus 373c; Caesars Entertainment (CZR), consensus ($1.19); Towerstream (TWER), consensus (10c); Resolute Energy (REN), consensus 1c; Forest Oil (FST), consensus (2c).
News For VTR;NUAN;ICPT;RAX;OPK;MR;CIM;GSAT;JOBS;TRAK;CZR;TWER;REN;FST From The Last 14 Days
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October 15, 2014
07:42 EDTRAX, RAXRackspace upgraded to Outperform from Sell at CLSA
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07:24 EDTICPTIntercept management to meet with Deutsche Bank
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October 14, 2014
11:28 EDTCZROptions with increasing implied volatility
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10:01 EDTRAXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Sell at UBS... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... BHP Billiton (BHP) upgraded to Neutral from Underperform at Credit Suisse... Bill Barrett (BBG) upgraded to Buy from Accumulate at KLR Group... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... CRH Plc. (CRH) upgraded to Buy from Neutral at Citigroup... Comstock Resources (CRK) upgraded to Buy from Accumulate at KLR Group... Cracker Barrel (CBRL) upgraded at Argus... Delphi Automotive (DLPH) upgraded to Buy from Neutral at Goldman... EOG Resources (EOG) upgraded at Bernstein... Eaton (ETN) upgraded to Overweight from Equal Weight at Barclays... Energizer (ENR) upgraded to Outperform from Market Perform at Wells Fargo... Energy Transfer Equity (ETE) upgraded to Outperform at RW Baird... Federal-Mogul (FDML) upgraded to Neutral from Sell at Goldman... Ford (F) upgraded to Neutral from Underperform at Buckingham... Gulfport Energy (GPOR) upgraded to Accumulate from Hold at KLR Group... Halcon Resources (HK) upgraded to Buy from Hold at KLR Group... HeartWare (HTWR) upgraded to Overweight from Neutral at Piper Jaffray... Helmerich & Payne (HP) upgraded to Outperform at FBR Capital... Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill... Level 3 (LVLT) upgraded to Buy from Hold at Gabelli... Magnum Hunter (MHR) upgraded to Buy from Hold at KLR Group... NetScout (NTCT) upgraded at DA Davidson... Netflix (NFLX) upgraded to Buy with $600 target at BTIG... Newfield Exploration (NFX) upgraded to Buy from Hold at KLR Group... Nielsen (NLSN) upgraded at Bernstein... Orbitz (OWW) upgraded to Outperform from Market Perform at FBR Capital... PDC Energy (PDCE) upgraded to Buy from Hold at KLR Group... Rackspace (RAX) upgraded to Buy from Hold at Evercore... Range Resources (RRC) upgraded to Accumulate from Hold at KLR Group... Rex Energy (REXX) upgraded to Buy from Accumulate at KLR Group... SM Energy (SM) upgraded to Buy from Accumulate at KLR Group... Sanchez Energy (SN) upgraded to Buy from Accumulate at KLR Group... Targa Resources (TRGP) upgraded to Buy from Accumulate at Tudor Pickering... Unilife (UNIS) upgraded to Buy from Neutral at Ladenburg... Universal Forest (UFPI) upgraded at Sterne Agee.
05:50 EDTRAXRackspace upgraded to Buy from Hold at Evercore
October 13, 2014
14:25 EDTGSATGlobalstar responds to Kerrisdale Capital's FCC filing
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12:33 EDTCZROptions with increasing implied volatility
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09:23 EDTRAXHP could buy lower valuation company, says Bernstein
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07:37 EDTMRAmerican Society of Anesthesiologists to hold annual meeting
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October 10, 2014
16:22 EDTCZROn The Fly: Closing Wrap
Stocks on Wall Street had a bit of a see-saw trading day, but ended the session in the red once again. The Nasdaq took the brunt of the losses, falling over 2%, while the Dow's slide erased its gains for the year. ECONOMIC EVENTS: In the U.S., the import price index fell 0.5% in September, versus expectations for a 0.7% decline. Oil slumped to a four-year low during the session, as brent crude touched $88.11 intra-day, its lowest level since December 2010. COMPANY NEWS: The semiconductor sector was weak across the board after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector has entered a correction. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it does business with over 80,000 customers and that it built a significant amount of inventory in the distribution channel in the September quarter. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future. Microchip, which also pre-announced weaker than expected second quarter revenue, dropped $5.58, or 12.26%, to $39.96. Intel (INTC) fell $1.71, or 5.09%, to $31.91, Avago (AVGO) declined $9.24, or 11.46%, to $71.36, Texas Instruments (TXN) slipped $3.28, or 7.13%, to $42.74 and Micron (MU) dropped $2.71, or 8.86%, to $27.93. MAJOR MOVERS: Among the notable gainers was Exact Sciences (EXAS), which rallied $6.48, or 35.76%, to $24.60 after the company announced last night that the Centers for Medicare & Medicaid Services, or CMS, had agreed to cover the company's colorectal cancer and pre-cancer test through Medicare. Also higher was Dave & Buster (PLAY), which gained $1.28 to $17.28 after commencing trading on the Nasdaq following its initial public offering. Among the noteworthy losers was Procera Networks (PKT), which was downgraded by at least four research firms and plunged $2.85, or 33.33%, to $5.70 after the company warned its Q3 revenue will miss expectations. Also lower were shares of Caesars (CZR), which dropped $1.92, or 17.36%, to $9.14 after disclosing in a regulatory filing that its Chief Accounting Officer resigned to accept a position with another company. INDEXES: The Dow fell 115.15, or 0.69%, to 16,544.10, the Nasdaq plunged 102.10, or 2.33%, to 4,276.24, and the S&P 500 dropped 22.08, or 1.15%, to 1,906.13.
12:45 EDTCZRCaesar's names Keith Causey Chief Accounting Officer
Caesars Entertainment Corporation announced the appointment of Keith Causey as senior VP and Chief Accounting Officer. He replaces Diane Wilfong, who has left the company to pursue another opportunity. There are no disagreements between Wilfong and Caesars Entertainment regarding the company's financial reporting, operations, policies or practices.
11:51 EDTOPKOPKO Health management to meet with Oppenheimer
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10:01 EDTVTROn The Fly: Analyst Upgrade Summary
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07:42 EDTCZRCaesar's reports resignation of Chief Accounting Officer
Caesars Entertainment disclosed in a regulatory filing that on October 6 Diane Wilfong resigned as SVP, Controller and Chief Accounting Officer to accept a position with another company. Her resignation will be effective on October 31. The company has identified a successor and expects to make an announcement shortly, Caesar's noted.
06:16 EDTVTRVentas upgraded to Buy from Hold at Stifel
Stifel upgraded Ventas to Buy based on valuation. Price target is $70.
October 9, 2014
16:22 EDTGSATGlobalstar to make new investor presentation available on October 9 at 4:30pm ET
Globalstar announced that it will make available a new investor presentation that outlines the company's value proposition, long-term prospects and the industry landscape, as well as directly refutes Kerrisdale Capital's flawed assertions regarding the company. The presentation will be made available on the company's website at the commencement of the Globalstar conference call today, October 9 at 4:30 p.m. EDT. "We remain as confident as ever in the strength of Globalstar's value proposition and competitive advantage, now and in the future," said Jay Monroe, Chairman and CEO of Globalstar. "This is a critical juncture in the communications industry, and Globalstar is well positioned with unique capabilities and assets to capture the opportunities of the constantly evolving landscape. We continue to benefit from a completed second-generation constellation, a strengthened balance sheet and liquidity position, substantial operating growth and achievement of significant milestones on the proceeding for our Terrestrial Low Power Service with the Federal Communications Commission." Monroe continued, "Today's presentation reiterates what we at Globalstar have always known that the facts are indisputably on our side. Kerrisdale's analysis lacks credibility and any real understanding of the fundamentals and current state of our industry. What is clear is that Kerrisdale stands alone in its views, which staunchly contradict the prevailing perspectives of regulators and major industry players. We stand united in our commitment to supporting our assets, strategy and ability to capitalize on significant future growth opportunities."
11:17 EDTOPKOPKO investee Neovasc receives conditional approval to initiate TIARA-I trial
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09:03 EDTICPTIntercept pullback a buying opportunity, says Summer Street
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09:02 EDTRAXRackspace appoints Brian Kelly as Chief Security Officer
Rackspace announced the appointment of Brian Kelly as Chief Security Officer. Kelly will be responsible for overseeing physical and information security efforts for Rackspace and its customers globally. Prior to Rackspace, Kelly served as Ernst & Young's Executive Director where he successfully modernized and transformed enterprise security programs while driving business value.
07:59 EDTGSATGlobalstar to host conference call
Conference call to address the matters raised during the October 6th Kerrisdale Capital presentation will be held on October 9 at 4:30 pm. Webcast Link
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