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05:29 EDTWUWestern Union upgraded to Equal Weight from Underweight at Barclays
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05:28 EDTMDLZMondelez downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Jason English downgraded Mondelez to Neutral saying the current valuation better reflects the company's cost-cuts and earnings visibility. English raised his price target for shares to $46 from $43.
05:26 EDTNPOEnPro sees FY15 revenue $1.2B-$1.25B, consensus $1.23B
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05:25 EDTAAUKYAnglo American upgraded to Neutral from Underperform at Exane BNP Paribas
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05:25 EDTAIXGAixtron upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas upgraded Aixtron to Outperform citing a positive risk/reward profile following the company's Q2 results. Exane cut its price target for shares to EU7 from EU9.5.
05:24 EDTNPOEnPro reports Q2 adjusted EPS 69c, consensus 43c
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05:24 EDTLUXLuxottica initiated with an Underperform at Jefferies
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05:23 EDTBURBYBurberry initiated with a Hold at Jefferies
Price target 1,500p.
05:21 EDTGIFIGulf Island Fabrication reports Q2 EPS 9c, one estimate 3c
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05:19 EDTWWayfair to sell Australian-based business to Temple & Webster
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05:18 EDTMTZMasTec sees Q2 adjusted EPS 10c-13c, consensus 28c
Sees Q2 revenue approximately $1.1B, consensus $1.02B. The company also announced that it expects to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31 not later than August 10 and expects that final reported net loss attributable to MasTec will be reduced by approximately $0.5M as compared to the company's previously disclosed unaudited, preliminary net loss attributable to MasTec. The company's Q2 results have been negatively affected by significant disruptions caused by heavy rains and flooding in many of its work areas from the Gulf of Mexico coast to the Canadian border. This rain and flooding has negatively affected Q2 productivity and margins across various segments. In addition, Q2 operating results for the company's Electrical Transmission segment are significantly weaker than initially expected due to lower revenues, the impact of rain and flooding and project inefficiencies. This segment has been the primary focus of the Audit Committee independent investigation over the past several months, requiring a significant amount of time and effort by its management team. These matters have diverted the attention of management from the operations of its business and its performance in obtaining new project awards has suffered during this period. We currently expect this segment will underperform and will show continued weakness in revenue and operating profit during the second half of 2015 as it seeks to replenish its backlog and normalize its operations.
05:16 EDTMTZMasTec finds certain accounting adjustments appropriate in FY14 results
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05:08 EDTGBCIGlacier Bancorp acquires Canon Bank in cash, stock transaction
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02:40 EDTFX Update: The dollar has traded moderately softer
FX Update: The dollar has traded moderately softer, though the main pairings have remained well within the respective ranges of yesterday. EUR-USD lifted to a high of 1.0962, and USD-JPY dipped to a low of 123.90. An unexpected German retail sales number, which dove 2.3 % in June versus the Reuters median for 0.3% growth, helped put a cap on the euro. BoJ sources cited by Reuters, meanwhile, said that a weak yen is beneficial for the economy, and that the central bank is happy with a declining currency, so long as the pace remains moderate. NZD-USD ebbed, although the pair remained above its low from yesterday, on ANZ business confidence data, which dove to -15.3 from -2.3, a six-year low.
14:55 EDTENH, TMST, ENH, TMSTEndurance Specialty to replace TimkenSteel in S&P 400 as of 7/31 close
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14:55 EDTTMST, MRH, TMST, MRHTimkenSteel to replace Montpelier Re in S&P 600 as of 7/31 close
04:55 EDTAGTC, AAVL, BIIB, ONCE, REGN, AGTC, AAVL, BIIB, ONCE, REGNPiper Jaffray biopharma analyst holds an analyst/industry conference call
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04:55 EDTBofA/Merrill to hold a conference
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04:55 EDTESPREsperion management to meet with JMP Securities
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04:55 EDTBELBelmond Ltd management to meet with JPMorgan
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