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Stock Market & Financial Investment News

News For WFC;AXP;BBY;INFY;UPIP;ERIC;JCP;ARQL;BV From The Last 14 Days
Check below for free stories on WFC;AXP;BBY;INFY;UPIP;ERIC;JCP;ARQL;BV the last two weeks.
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June 20, 2013
06:04 EDTWFCOn the Fly: Periodicals Wrap-Up
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June 19, 2013
15:05 EDTWFCBernanke says largest banks at or near compliant to Basel III rules
09:40 EDTBBYBest Buy sweetening terms of loyalty program, says SunTrust
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June 17, 2013
15:29 EDTBBYGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
12:04 EDTAXPAmerican Express reports May net write-off rate 1.9% vs. 2.1% last month
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10:10 EDTUPIPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Blackstone Mortgage Trust (BXMT) initiated with an Overweight at JPMorgan... ChannelAdvisor (ECOM) initiated with a Buy at Goldman... IHS Inc. (IHS) initiated with a Hold at Deutsche Bank... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Citigroup... T-Mobile (TMUS) initiated with a Neutral at RW Baird... Teradata (TDC) initiated with an Underperform at Cowen... Tesla (TSLA) initiated with an Overweight at Global Equities... U.S. Silica (SLCA) initiated with an Outperform at Wells Fargo... Ubiquiti Networks (UBNT) initiated with an Outperform at BMO Capital... Altra Holdings (AIMC) initiated with a Neutral at Sidoti... Portola Pharmaceuticals (PTLA) initiated with an Outperform at William Blair... Silver Standard (SSRI) initiated with a Neutral at Citigroup... Sangamo BioSciences (SGMO) initiated with an Outperform at Cowen... Aruba Networks (ARUN) initiated with a Buy at Maxim... Unwired Planet (UPIP) initiated with a Buy at Lake Street.
08:18 EDTUPIPUnwired Planet initiated with a Buy at Lake Street
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07:31 EDTWFCDNV KEMA to host a forum
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07:28 EDTARQLCambridge Healthtech Institute to host a conference
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07:10 EDTWFCBig banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link
06:14 EDTWFCOn the Fly: Periodicals Wrap-Up
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06:03 EDTARQL1Globe Capital reports 6.4% passive stake in ArQule
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05:56 EDTBBYBest Buy implied volatility at lower end of index mean range
June 14, 2013
12:45 EDTJCPStocks with call strike movement; JCP MU
J.C. Penney (JCP) January call option implied volatility increased 2% to 50, Micron (MU) January 16 call option implied volatility increased 2% to 48 according to IVolatility.
10:10 EDTAXP, WFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:57 EDTWFCWells Fargo downgraded at Sterne Agee
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06:30 EDTWFCWells Fargo downgraded to Neutral from Buy at Sterne Agee
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06:24 EDTBBYBest Buy implied volatility at lower end of index mean range
06:14 EDTAXPAmerican Express downgraded to Equal Weight from Overweight at Barclays
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June 13, 2013
12:10 EDTBBYMicrosoft announced Windows Store at Best Buy
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10:05 EDTAXPOn The Fly: Analyst Initiation Summary
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08:31 EDTINFYInfosys pay increases likely to pressure Q2 EPS, says Wells Fargo
After Infosys announced an approximately 8% pay raise for India-based employees and an approximately 3% raise for some non-India based employees, Wells Fargo notes that the company's EPS is usually down year-over-year after it announces pay increases. The Street currently expects EPS to be flat in Q2, notes the firm, which keeps a Market Perform rating on the stock.
08:22 EDTINFYInfosys raises salary increments for FY14
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05:55 EDTAXPAmerican Express initiated with a Perform at Oppenheimer
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June 12, 2013
10:14 EDTWFCOn the Fly: Downgrade Summary
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08:20 EDTJCPWells 'surprised' by amount of J.C. Penney TV spending
Wells Fargo said it has been surprised at the amount of TV advertising J.C. Penney has done, but it notes the spending will drive some incremental traffic and sales. Wells points out that J.C. Penney issued higher 2013 capex guidance last night in its regulatory filing. The firm raised its FY13 earnings estimate to ($4.80) from ($5.17) to reflect higher comp sales estimates but keeps an Underperform rating on the stock.
08:16 EDTJCPJ.C. Penney sees 2013 capital expenditures around $1B
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06:21 EDTWFCWells Fargo downgraded to Underweight from Neutral at Atlantic Equities
05:58 EDTWFCSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTWFCBanks given extension to spin off swaps units, WSJ reports
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07:30 EDTWFCMorgan Stanley to host a conference
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07:27 EDTAXPCommercial Payments International to host a conference
EMEA Middle Market Conference 2013 is being held in London, England on June 11.
June 10, 2013
05:28 EDTERICEricsson receives services contract from Mobile Broadband Network
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June 7, 2013
16:14 EDTWFCFormer Wells Fargo unit reaches agreement with Fed on mortgage loans
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12:06 EDTJCPStocks with call strike movement; CLF JCP
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06:04 EDTBBYBest Buy implied volatility at lower end of index mean range
June 6, 2013
12:06 EDTWFCWells Fargo settles foreclosure-upkeep case for $42M, WSJ says
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10:01 EDTJCPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cadence (CADX) initiated with a Neutral at Piper Jaffray... Costco (COST) initiated with a Buy at Sterne Agee... Dollar General (DG) initiated with a Neutral at Sterne Agee... Dollar Tree (DLTR) initiated with a Buy at Sterne Agee... Emeritus (ESC) initiated with a Neutral at Goldman... Enbridge (ENB) initiated with an Outperform at Macquarie... ExOne (XONE) initiated with a Buy at Canaccord... Family Dollar (FDO) initiated with a Neutral at Sterne Agee... Five Below (FIVE) initiated with a Neutral at Sterne Agee... Haemonetics (HAE) initiated with an Outperform at JMP Securities... ING Group (ING) initiated with a Buy at Jefferies... J.C. Penney (JCP) initiated with a Buy at Sterne Agee... Kohl's (KSS) initiated with a Neutral at Sterne Agee... Macy's (M) initiated with a Buy at Sterne Agee... Nordstrom (JWN) initiated with a Buy at Sterne Agee... Saks (SKS) initiated with a Neutral at Sterne Agee... Signature Bank (SBNY) initiated with an Overweight at Morgan Stanley... The Fresh Market (TFM) initiated with a Buy at Sterne Agee... The Medicines Co. (MDCO) initiated with an Overweight at Piper Jaffray... Vitamin Shoppe (VSI) initiated with a Buy at Sterne Agee... Whole Foods (WFM) initiated with a Buy at Sterne Agee... SkyWest (SKYW) initiated with an In-Line at Imperial Capital... W&T Offshore (WTI) initiated with a Buy at SunTrust... Canadian Natural (CNQ) initiated with an Accumulate at Global Hunter... Cenovus Energy (CVE) initiated with a Buy at Global Hunter... Suncor (SU) initiated with a Buy at Global Hunter... Freeport McMoRan (FCX) coverage resumed with a Buy at Jefferies.
07:20 EDTBBYGoldman to host a conference
4th Annual dotCommerce Day is being held in New York on June 6 with webcasted company presentations to begin at 9 am; not all company presentations may be webcasted. Webcast Link
07:01 EDTWFCWells Fargo volatility increases as shares pullback
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06:09 EDTWFCNAB seeks U.S. loan market tie-up with Wells Fargo, Reuters reports
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