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Stock Market & Financial Investment News

News Breaks
June 7, 2013
10:11 EDTVRA, TSN, MAIN, KOF, VALE, SCSC, KKPNY, UAL, PNM, DTEGY, BT, SJM, BRCM, BIP, DNB, ANF, LULU, BAYRY, KR, BRCD, YUMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abercrombie & Fitch (ANF) upgraded to Buy from Neutral at BofA/Merrill... BT Group (BT) upgraded to Overweight from Equal Weight at Barclays... Bayer (BAYRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Broadcom (BRCM) upgraded to Outperform from Neutral at Macquarie... Brocade (BRCD) upgraded to Buy from Neutral at ISI Group... Brookfield Infrastructure (BIP) upgraded to Buy from Hold at TD Securities... Coca-Cola Femsa (KOF) upgraded to Neutral from Sell at Citigroup... Deutsche Telekom (DTEGY) upgraded to Buy from Hold at Jefferies... Dun & Bradstreet (DNB) upgraded to Neutral from Underweight at JPMorgan... J.M. Smucker (SJM) upgraded to Buy from Hold at Gabelli... KPN (KKPNY) upgraded to Outperform from Market Perform at Bernstein... Kroger (KR) upgraded to Buy from Neutral at Cleveland Research... Main Street (MAIN) upgraded to Outperform from Market Perform at Raymond James... PNM Resources (PNM) upgraded to Buy from Neutral at Ladenburg... Scansource (SCSC) upgraded to Buy from Neutral at Northcoast... Tyson Foods (TSN) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Neutral from Sell at Goldman... Vale (VALE) upgraded to Outperform from Underperform at Bernstein... Vera Bradley (VRA) upgraded to Neutral from Underperform at Sterne Agee... Yum! Brands (YUM) upgraded to Buy from Neutral at UBS... lululemon (LULU) upgraded to Underperform from Sell at CLSA.
News For YUM;LULU;BRCM;BRCD;ANF;SJM;KR;DNB;BT;BAYRY;BIP;KOF;DTEGY;KKPNY;MAIN;PNM;SCSC;TSN;UAL;VALE;VRA From The Last 14 Days
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August 25, 2015
12:39 EDTANFAbercrombie & Fitch technical comments ahead of earnings
The shares are in a downtrend that has persisted since the fall of last year. If the news was a bullish surprise, the first price level of significance would be the channel top at $18.97, which is also the 21-day moving average. Next resistance above the top of the channel would be at $20.31 and then at $21.54. It would take a move above $22 to turn the longer-term trend back toward bullish. If the news continues to be bearish, next support would be at the channel low at the $16.50 area. If price broke the channel low, next support would be at $15.42, the 52-week low. Support below the 52-week low would be at $14.97, which would set a new multi-year low for shares.
10:14 EDTBAYRYForward signs supplier agreement extension with Bayer Healthcare
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August 24, 2015
15:01 EDTUALWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:02 EDTSJMJ.M. Smucker August weekly volatility elevated into Q1 and outlook
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10:32 EDTANFBattleground: Firms diverge on Abercombie ahead of earnings
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10:25 EDTUALUnited Continental initiated with a Buy at Standpoint Research
Target $70.
09:45 EDTANFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bank of America (BAC) upgraded to Outperform from Market Perform at Keefe Bruyette... Bristol-Myers (BMY) upgraded to Neutral from Underweight at Piper Jaffray... Chevron (CVX) upgraded to Neutral from Underperform at BofA/Merrill... Abercrombie & Fitch (ANF) upgraded to Overweight from Neutral... Nike (NKE) upgraded to Outperform from Market Perform at Telsey Advisory... DreamWorks (DWA) upgraded to Buy from Neutral at B. Riley... Caesarstone (CSTE) upgraded to Overweight from Equal Weight at Barclays... TransAlta (TAC) upgraded to Outperform from Market Perform at BMO Capital... Sarepta (SRPT) upgraded to Overweight from Neutral at Piper Jaffray... AutoZone (AZO) upgraded to Buy from Neutral at BofA/Merrill... Royal Dutch Shell (RDS.A) upgraded to Buy from Hold at Jefferies... Allscripts (MDRX) upgraded to Buy from Hold at Argus... China Unicom (CHU) upgraded to Buy from Hold at Jefferies... Ross Stores (ROST) upgraded to Buy from Neutral at Buckingham.
07:29 EDTANFAbercrombie & Fitch valuation sets up long-term opportunity, says Susquehanna
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06:45 EDTANFAbercrombie & Fitch upgraded to Overweight at Piper Jaffray ahead of earnings
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06:22 EDTBRCMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
05:56 EDTANFStocks with implied volatility above IV index mean; ANF WMB
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August 23, 2015
19:13 EDTBTBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 21, 2015
15:15 EDTPNMPNM Resources to hold a conference call
Conference call to discuss PNM's general rate case filing will be held on August 28 at 11 am. Webcast Link
12:13 EDTBRCDBrocade soars after Q3 results top estimates
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10:02 EDTBRCDOn The Fly: Analyst Upgrade Summary
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09:13 EDTBRCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
08:27 EDTBRCDBrocade upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Simona Jankowski upgraded Brocade Communications to Neutral saying she no longer sees "meaningful downside" to consensus estimates following the company's "solid" quarter. Brocade is executing well in both the switching and routing markets, but its long-term growth prospects remain "modest," Jankowski tells investors in a post-earnings research note. She raised her price target for the stock to $12 from $11. Summit Research analyst Srini Nandury upgraded Brocade this morning to Buy. The stock is up 63c to $10.35 in pre-market trading.
08:06 EDTANFAbercrombie & Fitch August weekly volatility elevated into Q2 and outlook
Abercrombie & Fitch August weekly call option implied volatility is at 108, September is at 70, November is at 52; compared to its 52-week range of 28 to 71, suggesting large near term price movement into the expected release of Q2 results on August 26.
05:49 EDTANFStocks with implied volatility above IV index mean; ANF ATML
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05:31 EDTBRCDBrocade upgraded to Buy from Hold at Summit Research
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