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Stock Market & Financial Investment News

News For WFT;HAL;GE From The Last 14 Days
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July 27, 2015
12:46 EDTGEAlstom to accept EUR300M hit to assist GE deal completion
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10:00 EDTWFTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
06:38 EDTGEGE intends to be 'sizable' player in energy storage market, Reuters reports
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06:20 EDTWFT, HALU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
05:41 EDTWFTWeatherford upgraded to Equal Weight from Underweight at Barclays
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July 24, 2015
15:17 EDTGECapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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10:00 EDTWFTOn The Fly: Analyst Upgrade Summary
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08:43 EDTWFTWeatherford upgraded to Overweight from Equalweight at Capital One
Capital One upgraded Weatherford to Overweight and raised its price target to $15 from $14. The firm said Weatherford is controlling costs and focusing on free cash flow generation, which is expected to improve and bring FY15 free cash flow positive.
06:50 EDTWFTWeatherford upgraded to Buy from Neutral at Guggenheim
July 23, 2015
10:29 EDTHALHalliburton rises after analysts downplay antitrust concerns
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08:57 EDTWFTWeatherford says expects to be free cash flow positive in FY15
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08:32 EDTHALMorgan Stanley says Halliburton antitrust story mostly noise
Morgan Stanley analyst Ole Slorer views yesterday's Bloomberg article suggesting Halliburton's (HAL) acquisition of Baker Hughes (BHI) faces antitrust hurdles in the U.S. as mostly noise. Slorer spoke with an antitrust expert and concluded the article summarized well known facts and came away with a more constructive view of the deal. The analyst said Halliburton's "exceptionally diligent" handling of the transaction has minimized risks. Slorer's team raised Halliburton's price target to $62 from $60 and Baker Hughes' to $88 from $86 and maintains Overweight ratings on both stocks.
08:11 EDTGEGE's CDF unit extends inveotry finance program with Husqvarna Group
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07:08 EDTHALDeutsche sees little new in Bloomberg story on Halliburton
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July 22, 2015
19:55 EDTWFTWeatherford says market conditions will not significantly improve this year
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19:54 EDTWFTWeatherford reduces FY15 capex forecast to $750M
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19:53 EDTWFTWeatherford announces further headcount reduction
Weatherford said, "Because of the continuing weak North American market conditions, we plan to further reduce our cost structure to reflect the current environment. During Q2, we successfully completed substantially all of the previously announced headcount reduction of 10,000. The aggregate results of these measures will help mitigate the effects of the downturn, while at the same time, take advantage of the opportunity to develop a leaner structure and a tighter organization. This target has now been revised upward to 11,000 with the increase principally in the U.S with a focus on support positions. Our procurement savings initiative continues to be on track. In addition to our headcount reductions, this quarter, we closed three of our manufacturing and service facilities. We have also closed over 60 operating facilities across North America through the first half of 2015 and plan to close 30 more by the end of the year. All the while, quality, safety and reliability in execution will remain paramount."
19:50 EDTWFTWeatherford reports Q2 EPS (10c), consensus (12c)
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15:26 EDTWFTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
13:46 EDTHALBaker Hughes options active on Halliburton antitrust merger concerns
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13:14 EDTHALBaker Hughes weakness a buying opportunity, says Evercore ISI
Evercore ISI said Baker Hughes (BHI) weakness is a buying opportunity and noted Halliburton (HAL) said it would sell any and all assets to get the deal done, ex-strategic items.
13:03 EDTHALHalliburton sinks on antitrust concerns after Citi's 90% call
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12:42 EDTHALHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
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12:19 EDTHALBaker Hughes drops 5% after Bloomberg says DOJ scrutinizing Halliburton deal
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12:17 EDTHALHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
07:23 EDTGEFrench minister 'reassured' by elements of Alstom, GE deal talks, Reuters says
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July 21, 2015
10:01 EDTHALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
09:31 EDTHALHalliburton upgraded to Accumulate from Neutral at Global Hunter
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08:58 EDTHALHalliburton shares can rise impressively, says BMO Capital
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08:38 EDTHALHalliburton reported impressive Q2 results, says Oppenheimer
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07:47 EDTHALHalliburton price target lowered to $55 from $61 at Susquehanna
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07:20 EDTHALHalliburton has 90% upside potential over 3 years, says Citi
Citi analyst Scott Gruber believes regulatory approval for Halliburton's (HAL) proposed acquisition of Baker Hughes (BHI) is a "high probability event." Halliburton's buyback potential post-acquisition looks significant, Gruber tells investors in a research note. He estimates $5.00 of pro forma earnings per share for Halliburton in 2018, suggesting 90% upside potential for shares over the next three years. The analyst notes that applying a 16 times earnings multiple yields a $78 share price. He keeps a Buy rating on Halliburton with a $54 price target. The oil services company closed yesterday up 75c to $40.74 after reporting Q2 results.
July 20, 2015
16:20 EDTGEFederal Reserve establishes enhanced standards for GE Capital
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09:34 EDTHALHalliburton CEO says 'this is a damn tough market'
09:34 EDTHALHalliburton sees significant runway for refrack in the future
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09:25 EDTHALHalliburton sees lower revenue and margins in Q3
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09:12 EDTHALHalliburton says Q2 was challenging due to lower activity, pricing pressure
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09:04 EDTGEGE chooses Microsoft Office 365 fro employee collaboration and productivity
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07:05 EDTHALHalliburton says Q2 Eastern Hemisphere revenues declined 'modestly' vs. Q1
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07:04 EDTHALHalliburton incurred $67M after-tax for costs related to Baker Hughes deal in Q2
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07:03 EDTHALHalliburton says 'pleased' with progress of Baker Hughes acquisiton
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07:02 EDTHALHalliburton expects global markets will remain 'transitional'
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07:01 EDTHALHalliburton reports Q2 continuing ops EPS 44c ex-items, consensus 29c
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06:36 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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06:16 EDTGEAlstom sees General Electric deal completed in coming months, Reuters reports
Alstom (ALSMY) expects to complete the transaction with GE (GE) in the coming months, Reuters reports. Reference Link
July 17, 2015
16:24 EDTGEOn The Fly: Top stock stories for Friday
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14:58 EDTHALHalliburton July weekly 40 straddle priced for 4.6% movement into Q2
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13:53 EDTHALHalliburton technical comments ahead of results
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12:38 EDTGEOn The Fly: Top stock stories at midday
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10:59 EDTGESynchrony Financial sees 'stable' credit trends for balance of year
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10:01 EDTGESynchrony Financial says making continued progress on separation
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10:00 EDTHALSchlumberger CEO says Halliburton deal creating 'uncertainty' for customers
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09:14 EDTGEGeneral Electric CEO says Alstom remedy proposed to EU
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09:07 EDTGEGE says GE Capital signed deal prices 'roughly 5%' ahead of fair values
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08:40 EDTGEGE 'hopeful' that GE Capital will pay another dividend to parent this year
GE Oil and Gas businesses "met expectations" in the second quarter, said Immelt. CEO Jeff Immelt made the comments while speaking during the company's Q2 earnings conference call.
06:45 EDTGEGeneral Electric CEO says company 'well positioned' to meet investor goals
CEO Jeff Immelt cites double-digit industrial EPS growth, industrial segment organic growth of 2%-5%, $100B of GE Capital asset sales, $14B-$16B of CFOA, and $10B-$30B of cash returned to investors.
06:43 EDTGEGE Capital announces dispositions ahead of plan, signed $68B YTD
06:42 EDTGEGeneral Electric reports Q2 orders up 8% to $27.1B
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06:39 EDTGEGeneral Electric raises FY15 Industrial EPS $1.13-$1.20, consensus $1.29
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06:37 EDTGEGE Capital targets 2015 signings of $120B-$150B
06:37 EDTGEGE Capital on track for goal of closing $100B by year end
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06:37 EDTGEGeneral Electric reports Q2-end backlog up 8% YoY to $272B
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06:36 EDTGEGeneral Electric reports Q2 Industrial segment operating profit up 5%
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06:36 EDTGEGeneral Electric on track in executing plan to exit GE Capital
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06:35 EDTGEGeneral Electric CEO says environment remains one of slow growth and volatility
CEO Jeff Immelt commented, "The environment remains one of slow growth and volatility, particularly in growth markets where the US is gradually improving."
06:33 EDTGEGeneral Electric reports Q2 EPS ex GE Capital 31c, consensus 28c
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July 16, 2015
18:21 EDTGEGE offers concessions to gain EU approval for Alstom deal, Reuters reports
General Electric (GE) has offered concessions in a bid to allay EU regulatory concerns and win approval for its bid for Alstom's (ALSMY) power unit, Reuters reports. Reference Link
18:04 EDTGEGeneral Electric offers concessions in bid for EU approval to buy Alstom unit
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15:45 EDTGEGeneral Electric July 27 straddle priced for 2.2% movement into Q2
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15:12 EDTGEGeneral Electric technical comments ahead of results
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15:02 EDTGENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include General Electric (GE), consensus 28c... Honeywell (HON), consensus $1.49... Synchrony Financial (SYF), consensus 62c... SunTrust Banks (STI), consensus 81c... Progressive (PGR), consensus 55c... W.W. Grainger (GWW), consensus $3.05... Kansas City Southern (KSU), consensus $1.02... JB Hunt Transport (JBHT), consensus 90c... Autoliv (ALV), consensus $1.55... Comerica (CMA), consensus 75c... First Horizon (FHN), consensus 20c.
12:29 EDTGEEarnings Watch: Bernstein positive on GE ahead of Q2 report
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12:02 EDTGEGE says GS Power selects 7HA.02 gas turbine, clutched steam turbine
Korea’s GS Power has selected GE’s (GE) high efficiency 7HA.02 gas turbine, and associated clutched steam turbine, for a new combined-cycle power plant in Anyang, Korea. This marks the 17th order for GE’s HA gas turbine technology, which also celebrates its first commercial shipment to Électricité de France this month, and the first U.S. groundbreaking for two future Exelon (EXC) plants in Texas. With the GS Power project, 17 HA units have been ordered and 61 HA units have been technically selected by customers around the world.
11:40 EDTHALStocks with call strike movement; TAP HAL
Molson Coors (TAP) October 80 call option implied volatility decreased 5% to 32, Halliburton (HAL) October 46 call option implied volatility decreased 3% to 29 according to IVolatility.
09:08 EDTGEGE unveils high-speed network infrastructure for industrial internet connection
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09:06 EDTGEGE Power & Water wins outage services work for DTE Fermi 2 nuclear plant
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08:53 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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08:02 EDTGEGE Capital, CDF extends inventory financing agreement with Excel Industries
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July 15, 2015
13:01 EDTGEGeneral Electric secures orders for 10 LMS100 gas turbines
GE announced that it has secured 10 orders of its LMS100 aeroderivative gas turbine with two customers in North America in 2Q 2015. These recent successes have resulted in the backlog for LMS100 technology to be in excess of $450 million for GE Power & Water's Distributed Power business. The 10 units—five LMS100-PA gas turbine units and five LMS100-PA+ gas turbine units—have been ordered by two American customers.
10:16 EDTGEU.S. Bancorp sees growth in payments in 2H
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10:00 EDTGEGeneral Electric signs $80M agreement with Emera Energy
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July 14, 2015
18:52 EDTGEWells Fargo CFO eyes additional GE Capital assets, Reuters says
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11:16 EDTGEAnalyst says sell Orbitz as risks to Expedia deal mount
The shares of online travel agency Orbitz Worldwide (OWW) are falling after UBS downgraded the stock to Sell from Neutral, citing increased risk that regulators will block the company's proposed takeover by Expedia (EXPE). WHAT'S NEW: Based on recent press reports and his own conversations with players in the online travel sector, UBS analyst Eric Sheridan believes that antitrust concerns surrounding the proposed takeover of Orbitz are mounting. Specifically, travel suppliers are voicing more concern about the deal to regulators, Sheridan stated. Additionally, regulators have vetoed a number of proposed takeovers recently, including Time Warner Cable's (TWC) proposed acquisition by Comcast (CMCSA) and Electroloux's (ELUXY) proposed acquisition of GE's (GE) home appliances unit, Sheridan noted. As a result of these developments, the risk/reward ratio of Orbitz's stock is now "skewed negative," according to the analyst, who cut his price target on the stock to $10 from $12. PRICE ACTION: In morning trading, Orbitz fell 2.4% to $11.12. On February 12, Expedia announced it had agreed to acquire Orbitz for $12 per share in cash.
10:24 EDTGEWells Fargo says ongoing U.S. economic expansion 'on track'
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09:03 EDTGEGE, Pitney Bowes announce alliance to develop APM applications
GE (GE) and Pitney Bowes (PBI) announced an alliance to develop customized asset performance management applications for Pitney Bowes and its Enterprise Business Solutions customers. All of the services will be built on and powered by Predix, GE’s software platform for the Industrial Internet. This will enable Pitney Bowes to analyze data generated from its own production mailing and shipping machines and those of its clients to provide client and productivity services, and job scheduling capabilities that improve business outcomes.
08:51 EDTGEGeneral Electric July volatility increases into Q2 and outlook
General Electric July call option implied volatility is at 28, August is at 17, September is at 18, compared to its 52-week range of 13 to 25, suggesting large near term price movement into the expected release of Q2 results on July 17.
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