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Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:04 EDTCGG, THC, NHI, MYRG, HIMX, CWEI, BCEI, TDS, MWA, LO, FMS, CTIC, WTR, USM, RAI, MERC, KRG, CMAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aqua America (WTR) upgraded to Neutral from Underperform at Macquarie... Bonanza Creek (BCEI) upgraded to Outperform from Neutral at Macquarie... CGG SA (CGG) upgraded to Hold from Sell at Canaccord... CTI BioPharma (CTIC) upgraded to Buy from Hold at WallachBeth... Clayton Williams (CWEI) upgraded to Buy from Accumulate at Global Hunter... Comerica (CMA) upgraded to Neutral from Negative at Susquehanna... Fresenius Medical (FMS) upgraded to Buy from Neutral at UBS... Himax (HIMX) upgraded at BofA/Merrill... Kite Realty Trust (KRG) upgraded at Raymond James... Lorillard (LO) upgraded to Equal Weight from Underweight at Morgan Stanley... MYR Group (MYRG) upgraded at RW Baird... Mercer (MERC) upgraded at RBC Capital... Mueller Water (MWA) upgraded to Buy from Hold at Brean Capital... National Health Investors (NHI) upgraded to Neutral from Underperform at Hilliard Lyons... Reynolds American (RAI) upgraded to Equal Weight from Underweight at Morgan Stanley... Telephone and Data (TDS) upgraded at Raymond James... Tenet (THC) upgraded to Neutral from Negative at Susquehanna... U.S. Cellular (USM) upgraded at Raymond James.
News For WTR;BCEI;CGG;CTIC;CWEI;CMA;FMS;HIMX;KRG;LO;MYRG;MERC;MWA;NHI;RAI;TDS;THC;USM From The Last 14 Days
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April 20, 2015
15:16 EDTLO, RAIGreenlight starts new GM long position, rolls Lorillard short bet to Reynolds
David Einhorn's Greenlight Capital hedge fund said in its latest quarterly letter to investors that it had established new long positions in General Motors (GM), Chicago Bridge & Iron (CBI) and AerCap Holdings (AER) last quarter. WHAT'S NEW: Greenlight believes GM should benefit from low gas prices, low raw material costs, and its decision to launch share buybacks, Greenlight stated. GM has an excellent chance of beating 2015 EPS expectations, added the firm. Einhorn's group said they found the valuation of Chicago Bridge and Iron, an engineering and construction company with significant exposure to energy, attractive following the stock's decline. Although energy prices may stay low for some time, the company has a significant backlog that should support its earnings for several years, Greenlight stated. Additionally, the market is overestimating how much of the cost overruns for two nuclear energy projects with be shouldered by the company, Greenlight contended. AerCap, the largest publicly traded aircraft leasing company, bought AIG's (AIG) aircraft leasing business last year at a bargain price, Greenlight stated. The combined business will benefit from AerCap's low tax rate, as well as efficiencies, the hedge fund believes. WHAT'S NOTABLE: Greenlight exited its short position in Lorillard (LO). Greenlight noted that it has rolled its short bet on Lorillard into a fresh position in Reynolds American (RAI), since it still believes that the FDA is gearing up to do "something major" in terms of regulation of menthol cigarettes, but is moving "slowly and deliberately" because it anticipates an extremely aggressive industry response. The firm also exited two other short positions because the companies agreed to takeovers: Safeway (SWY) and Freescale Semiconductor (FSL), which has agreed to sell itself to NXP Semicondictors (NXPI).
14:16 EDTRAI, LOEinhorn lists AerCap, CBI, GM as new longs, Bloomberg reports
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07:25 EDTRAIReynolds American reported strong Q1 results, says Wells Fargo
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April 17, 2015
13:23 EDTLOLorillard reports Q1 adjusted EPS 82c, consensus 77c
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12:23 EDTLOLorillard reports total retail market share of cigarettes for Q1 at 15.5%
Total Lorillard retail market share of cigarettes for the first quarter was a record 15.5%, increasing 0.3 share point compared to the corresponding period of 2014.
12:20 EDTLO, RAILorillard to pay $1.133B in April under State Settlement Agreements
In April, the company paid, or will pay, $1.133B under the State Settlement Agreements, primarily based on 2014 volume. Included in the payment is $93M deposited in an interest-bearing escrow account in accordance with procedures established in the MSA pending resolution of a claim by the company and the other Original Participating Manufacturers that they are entitled to reduce their MSA payments based on a loss of market share to non-participating manufacturers. The previously-announced combination with Reynolds American (RAI) remains subject to regulatory approval and the additional customary closing conditions contained in the merger agreement. Although no assurance can be given if and when the transaction will be completed because it remains subject to regulatory approval and additional customary closing conditions, the transaction is expected to close in the first half of 2015.
10:43 EDTLOOptions with increasing implied volatility: PNK FOSL ARCP LO
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09:14 EDTRAIOn The Fly: Pre-market Movers
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07:13 EDTRAI, LOReynolds American confident Lorillard, Imperial deals will close by mid-2015
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07:10 EDTRAIReynolds American backs FY15 adjusted EPS view $3.65-$3.80, consensus $3.79
Guidance excludes any impact from the proposed transactions.
07:09 EDTRAIReynolds American reports Q1 adjusted EPS 86c, consensus 80c
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06:46 EDTCMAComerica sees FY15 average loan growth consistent with FY14
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06:43 EDTCMAComerica reports Q1 EPS 73c, consensus 73c
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06:36 EDTLO, RAITeenagers' use of e-cigarettes tripled last year, NY Times says
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April 16, 2015
15:23 EDTCMA, RAINotable companies reporting before tomorrow's open
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April 15, 2015
08:40 EDTTHCHospital stocks rise in pre-market after HCA boosts 2015 guidance
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08:01 EDTRAI, LOU.S. traditional cigarette Q1 outlook strong, says Wells Fargo
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07:41 EDTFMSEBD Group to hold a forum
ChinaBio Partnering Forum 2015 is being held in Shanghai, China on April 15-16.
April 14, 2015
12:36 EDTRAI, LOTobacco companies file suit against FDA over labeling guidance, Reuters says
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12:19 EDTLO, RAITobacco companies file suit against FDA over labeling guidance, Reuters says
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