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copper etf ? CPER
CPER flat 21.06
DGG 16.33 +1.2%
USMI 22.40 -1.19%
Might be easier than a copper stk? Most of those are Hold to Reduce lately. BHO RIO BBL VALE soft leaders in mkt cap. VALE p/e is 122x while BBL 12x
FCX used to be a trader fave at Hold 14.5x
copper futs > 2 month high
Copper futures rose to the highest level in more than two months on Wednesday, amid further signs that China , the world's largest consumer of the metal, is willing to take steps to boost economic growth.
The most actively traded contract, copper for July delivery, rose 2.45 cents , or 0.8%, to $3.1600 a pound, the highest closing price since March 6 on the Comex division of the New York Mercantile Exchange .
On Tuesday, China's central bank asked major mortgage lenders to give priority to first-time homebuyers, as concerns grow over the sluggish property market. The move reassured investors that China's leaders are keeping a watchful eye on short-term growth, even as they transition to longer term, more sustainable means of economic expansion. Recent steps taken by China , including a narrowly targeted economic stimulus announced last month, have lifted the price of copper 8% from four-year lows hit in March.
"The mood in the copper market has absolutely changed," said Adam Klopfenstein , senior market strategist for Archer Financial Services . "People have realized that China has more leverage they can pull to keep the economy from collapse, at least in the short term."
China accounts for 40% of global demand for the metal, and investors hope the government's efforts would lift business activity and lead to more copper purchases. Copper is widely used in making everything from pipes to air conditioners to iPhones.
In other markets, nickel prices fell 4.6% but remained near two-year highs, as an Indonesian ban on nickel-ore exports and a production stoppage at a Vale SA plant in New Caledonia continued to fan concerns about diminishing supplies of the industrial metal. Analysts expect nickel supplies to fall short of demand in the second half of 2014.
Nickel for three-month delivery on the London Metal Exchange closed at $20,030 a metric ton.
Write to Ira Iosebashvili at Ira.Iosebashvili@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
05-14-14 1405ET
Copyright (c) 2014 Dow Jones & Company, Inc.
DE & F am
Deere (DE) trade lower by 2% after saying 2014 farm income is forecast to be lower than last year
08:54 News Bot: Ford (F) European sales up 6.6% in April
DSX up $1 from Mon low. today?
Saw the drop Mon and Tues began a choppy rise with big closing spike price & vol. Don't sense pre open yet.
Baltic Dry Index finally up a bit today. Overall market sure needs that to improve per retail shipments. I guess the China softness in hard commods has something to do with recent weakness. Iron ore shipments for one are smaller as China stock piles are high and planned economy on slow path.
Copper & Baltic Dry up bits
Macy's so so.
08:06 News Bot: Copper extends on gains ahead of the copper COMEX
08:07 News Bot: Baltic Dry Index rises 2.0% to 1,002 points
08:07 AM EDT, 05/14/2014 (MT Newswires) -- Macy's (M) reported Q1 earnings of $0.60, one cent better than the analyst consensus on Capital IQ. Sales were $6.27 billion, below expectations of $6.45 billion.
Looking forward to FY 2014, the company continues to expect sales growth in the range of 2.5% to 3%, and it reiterated its EPS guidance of $4.40 to $4.50. The Street is at $4.49 per share.
Macy's also announced a 25% increase in its dividend on common stock and a $1.5 billion increase in its share repurchase authorization.
Price: 58, Change: +0.16, Percent Change: +0.2
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
US Import Price Index + Baltic down
09:16 News Bot: Baltic Dry Index falls 0.5% to 982 points
09:16 News Bot: US Import Price Index (Apr) M/M -0.4% vs. Exp. 0.3% (Prev. 0.6%, Rev. 0.4%)
- US Import Price Index (Apr) Y/Y -0.3% vs. Exp. 0.3% (Prev. -0.6%)
- April drop in export prices is the largest since June 2012.
(BBG )
Redbook & sone broker pre comments
09:11 News Bot: US Redbook (May 13) M/M 1.1% vs. Prev. 0.0%
- US Redbook (May 13) Y/Y 4.2% vs. Prev. 4.4%
(RTRS)
09:11 News Bot: Today's major pre-market US broker moves:
Upgrades
BRIDGEPOINT EDUCATION (BPI) UPGRADED TO HOLD FROM SELL AT DEUTSCHE BANK
DANONE (DANOY) UPGRADED TO EQUAL WEIGHT FROM UNDERWEIGHT AT MORGAN STANLEY
DYNERGY (DYN) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT MACQUARIE
HILLSHIRE (HSH) UPGRADED TO OUTPERFORM AT WELLS FARGO
FLOTEK INDUSTRIES (FTK) PRICE TARGET RAISED TO USD 33 AT STEPHENS
HUB GROUP (HUBG) UPGRADED TO BUY FROM HOLD AT KEYBANC
KKR (KKR) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT EVERCORE
MASCO (MAS) UPGRADED TO BUY FROM HOLD AT JEFFERIES
QIAGEN (QGEN) UPGRADED TO NEUTRAL FROM UNDERWEIGHT AT HSBC
TIME WARNER (TWX) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BERNSTEIN
UBIQUITI NETWORKS (UBNT) UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES
VF CORP (VFC) UPGRADED TO BUY FROM NEUTRAL AT ISI GROUP
Downgrades
BAKER HUGHES (BHI) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT BERNSTEIN
BE AEROSPACE (BEAV) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN
CARMIKE CINEMAS (CKEC) DOWNGRADED TO HOLD FROM BUY AT TOPEKA
CONCHO RESOURCES (CXO) DOWNGRADED TO HOLD FROM BUY AT WUNDERLICH
DOUGLAS EMMETT (DEI) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO
ENDEAVOUR (END) DOWNGRADED TO NEUTRAL FROM BUY AT SUNTRUST
HILLSHIRE BRANDS (HSH) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN
LAREDO PETROLEUM (LPI) DOWNGRADED TO HOLD FRO ACCUMULATE AT KLR
NABORS INDUSTRIES (NBR) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT BERNSTEIN
PINNACLE FOODS (PF) DOWNGRADED TO HOLD FROM BUY AT STIFEL
RACKSPACE HOSTING (RAX) PRICE TARGET RAISED TO USD 57 AT COWEN
SAFEGUARD SCIENTIFICS (SFE) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT FIRST ANALYSIS
TRACTOR SUPPLY (TSCO) DOWNGRADED TO HOLD FROM BUY AT ARGUS RESEARCH
WHIRLPOOL (WHR) DOWNGRADED TO NEUTRAL FROM BUY AT LONGBOW
Initiations
CITY OFFICE REIT (CIO) INITIATED WITH A BUY AT JANNEY CAPITAL
EVERCORE PARTNERS (EVR) INITIATED WITH NEW OUTPERFORM AT BERNSTEIN
GLOBAL CASH ACCESS (GCA) INITIATED WITH A HOLD AT STIFEL
GRAINGER (GWW) INITIATED WITH AN OVERWEIGHT AT MORGAN STANLEY
HD SUPPLY (HDS) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
MOELIS & CO (MC) INITIATED WITH NEW OUTPERFORM AT BERNSTEIN
WATSCO (WSO) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
WEIBO (WB) INITIATED WITH A BUY AT GOLDMAN
WESCO (WCC) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
(RANsquawk)
Saudi Minister $100 right, supply if R-Ukr issues
SEOUL-- The Organization of the Petroleum Exporting Countries won't change its crude oil output level when it meets next month, Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Al-Naimi said Monday.
"Supply is highly sufficient. Demand is great. And the market is fairly stable. There's no reason for a change. absolutely no reason," Mr. Al-Naimi said on the sidelines of an energy conference in Seoul .
Asked if OPEC's output cap of 30 million barrels a day is right, the oil minister said: "I think so. I know so."
He also said the current global oil price of $100 a barrel is the fair price "for everybody, consumer, producer and oil companies."
Mr. Al-Naimi said OPEC is willing to supply any shortage which may arise in the market if Russia's exports of oil are disrupted as a result of the Ukraine - Russia crisis.
Benchmark Nymex crude oil for June delivery was Monday trading at a fraction over US$100 a barrel, and about $8 a barrel over levels at the start of the year.
Write to In-Soo Nam at In-Soo.Nam@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
05-11-14 2242ET
Australia biz confidence nudged up
Also Moody's: Asian Liquidity Stress Index Worsens Slightly In April From March
--------------------
SYDNEY --Australian business confidence nudged higher despite expectations the conservative government's fiscal 2015 budget on Tuesday will include deep spending cuts and tax hikes.
Business sentiment rose two points to plus-six points in April from March, according to a monthly survey by the National Australia Bank . But a separate index of business conditions fell one point to zero over the same period.
"We were slightly surprised that confidence didn't take a bit of a hit. I would have thought the budget rhetoric would have made people feel a bit more nervous," said Alan Oster , the bank's Melbourne -based chief economist.
Treasurer Joe Hockey will deliver his first budget on Tuesday, and is expected to map a path to a budget surplus over coming years by cutting spending on tax breaks for families. The government is also considering a levy on high income earners to help repair the budget as a long mining boom slows, reducing tax revenues.
Australia is in its 23rd year of expansion but is stuck in low gear. In the fourth quarter, the economy grew by 2.8% from a year earlier, compared with growth rates as high as 4% in early 2012. The central bank has been trying to spur sectors of the economy outside mining by cutting interest rates eight times over the past two years to a record-low 2.5% .
Money markets expect interest rates to remain low until the second half of next year.
-Write to James Glynn at james.glynn@wsj.com
(END) Dow Jones Newswires
05-11-14 2142ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Japan smallest current account surplus ever
TOKYO -- Japan's posted its smallest current account surplus on record in the fiscal year that ended in March as structural changes in the economy undermine Prime Minister Shinzo Abe's efforts to achieve growth through exports.
The Yen789.9 billion ( $7.76 billion ) surplus in the broadest measure of a nation's trade and investment with the rest of the world was sharply lower than the Yen4.2 trillion surplus registered a year earlier, data from the Ministry of Finance showed Monday. Until recently, the country routinely produced a surplus in excess of Yen10 trillion a year.
When Mr. Abe came to power 17 months ago, he introduced an inflation target and called for aggressive monetary easing. That helped weaken the yen's export-crippling strength. But to his surprise, exports have yet to catch fire. So far the weaker yen has merely made imports more expensive at a time when the nation is more reliant on fossil fuel from other countries.
The trend of large surpluses abruptly reversed in 2011, when a nuclear accident forced the shutdown of nuclear plants across the nation, resulting in a surge in imports of fossil fuels.
Japanese manufacturers shifting their production offshore has also exacerbated the situation.
Any additional falls in the value of the yen could put further pressure on the current account, pushing it into deficit as returns on investments overseas fail to outweigh the trade deficit. That trade gap is also expected to widen further as the population ages, the workforce shrinks, and retirees multiply.
A current account deficit means a nation is spending more than it earns from trade. A country that builds up liabilities with foreign creditors through chronic current account deficits could face funding problems if investors decide to withdraw their financing.
BNP Paribas predicts Japan will record an annual current account deficit next year, while Credit Suisse thinks it will happen after 2017.
"Some might hope that the income surplus will continue to widen at a pace sufficient to offset further deterioration in the trade balance," economists at Credit Suisse said. "But that could prove difficult in practice, given that the world economy is facing a decline in returns," they added, pointing to the global low rate environment and slower growth in emerging economies.
The recent deterioration in Japan's trade balance, as a result of slower exports and stronger imports, points to the possibility that this day of reckoning may come sooner rather than later.
"The recent surge in imports was a surprise," said Takashi Shiono , an economist with Credit Suisse . Some of it may be due to rush purchases ahead of the April 1 sales tax hike, but data for April suggest that a change is more permanent than temporary: Japanese are embracing imported items much more than before, he said.
For now, the Bank of Japan is effectively taking care of Japan's fiscal woes. By buying up Japanese government bonds at a faster pace than the government issues new debt, the central bank makes sure the supply-demand balance remains tight for JGBs. But with inflation rising on the back of a weakening yen, it's not clear how long the BOJ will be able to continue its ultra-easy monetary policy.
Having largely giving up on achieving a balanced budget, Japan's current goal is to stabilize the debt situation by 2020, mainly through sales tax increases, around the current debt-to-gross domestic product ratio of 240%. But according to a government panel report released on April 28 , even that won't be enough to bring the situation completely under control beyond 2020, as baby boomers reach 75, an age associated with a huge increase in medical and elderly care expenses, much of which are funded by the central government.
Some economists argue that there is no need to treat debt owed to domestic and foreign investors differently. No matter who owns the debt, the government's job should be the same: keeping its debt under control and achieving healthy economic growth, said Takao Komine , professor of economics at Hosei University .
Mr. Komine points to the U.S., which has run twin deficits of fiscal and current account shortfalls for many years.
For the month of March, the current account balance came to a surplus of Yen116.4 billion , compared with a median forecast of a Yen294 billion surplus according to a survey conducted by The Wall Street Journal and the Nikkei.
The current account measures trade in goods, services, tourism and investment. It is calculated by determining the difference between Japan's income from foreign sources against payments on foreign obligations and excludes net capital investment.
Write to Mitsuru Obe at mitsuru.obe@wsj.com
(END) Dow Jones Newswires
05-11-14 2002ET
Copyright (c) 2014 Dow Jones & Company, Inc.
China's exports rose 0.9% April from the year-ago period while imports climbed 0.8 percent, government data showed on Thursday, defying expectations for a dip on both figures. http://www.cnbc.com/id/101652550
Gotta watch those Chinese penny stks
06 May 2014 at 2:10 PM
Dealbreaker.com
Completely Innocent Fish Just Happened To Be Swimming Alongside Some Other, Less Innocent Fish When The SEC Went Fishing, Or Something
By Jon Shazar
Yes, some of Shawn Becker’s piscine associates were pumping and dumping shares of Chinese companies they helped gain entrée to the U.S. And yes, Shawn Becker was hired to pump said stocks. But he was just a patsy, a small fry, and should have been thrown back, the people he hired to make his case say.
U.S. regulators Monday filed a civil lawsuit against a Toronto consultant and four other people for allegedly helping two Chinese companies enter U.S. markets and making millions of dollars in profit by manipulating trading of the companies’ shares….
Lawyers for Mr. Kelley and a second defendant who settled, Robert S. Agriogianis of Florham Park, N.J., declined to comment. Steve Feder, a lawyer for another defendant, George Tazbaz of Oakville, Ontario, said Mr. Tazbaz “denies any wrongdoing, and he hopes to be fully vindicated.” Arthur Fillmore II, a lawyer for defendant Shawn A. Becker of Overland Park, Kan., said his client “got caught in a net that trapped one too many fish.” A lawyer for the fifth defendant, Roger D. Lockhart of Holiday Island, Ark., couldn’t be reached for comment. Mr. Lockhart settled by agreeing to pay more than $3.1 million….
Mr. Kelley and the others then executed reverse mergers—transactions in which a foreign company merges with a U.S. shell company to gain the shell’s public listing—between the two Chinese companies and shells that Mr. Kelley and his associates controlled, the SEC alleged.
After that, Mr. Kelley and his associates hired Mr. Becker, a stock promoter, to tout the stocks of China Auto and Guanwei Recycling, according to the SEC. They manipulated the trading of the stocks in a variety of ways, such as bidding up their prices and engaging in coordinated trading among themselves, and they dumped their shares at the higher prices, the SEC alleged.
some ah news action 5pm
05:06 PM EDT, 05/07/2014 (MT Newswires) -- Some of the stocks moving on news-driven events in tonight's after-hours include:
IDSY, +5.2%
BODY, -35.9%
RST, -1.0%
GMCR, +6.7%
TSLA, -6.6%
ANDE, -4.7%
LPSN, +1.9%
JOBS, -1.1%
MM, -44.8%
SCTY, +4.7%
ERII, -11.8%
Z, +1.0%
LCI, -1.6%
SFM, +7.8%
HK, +4.3%
GPOR, -15.1%
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
China's factory activity contracts for 4th month
10pm ET
China's factory activity remained stuck in contraction for a fourth straight month in April, the final Markit/HSBC Purchasing Managers' Index (PMI) showed on Monday. http://www.cnbc.com/id/101640264
The PMI came in at 48.1, lower than the 48.3 flash reading, and staying below the 50-mark that separates expanding activity from a contraction.
The latest data paint a much more bearish picture of the manufacturing sector than the official PMI released by the National Bureau of Statistics last week, which crept up to 50.4 from 50.3 in March.
The Australian dollar slipped 0.2 percent on the news, retreating further away from the $0.93 hit earlier in the session. Meanwhile, Australian shares entered negative territory while Shanghai shares widened their losses.
According to Arup Raha, chief economist at CIMB, while the number is "not great," he remains optimistic over the outlook for the world's second largest economy.
Read More › China's half-year report card: slow, safe and steady
"I think we're at a turning point in which case the data is a little bit patchy. Not too worried about one number and monthly data. We're expecting the China exports will turn around," he said.
"If you look at the OECD leading indicator, if you look at what's happening with industrial production in Europe, if you look at rise in disposable income in U.S., global growth will be picking up. China is the largest single participant in global trade, it's an extremely diffcult case to make to say that this whole thing is going to happen without China getting a piece of the action," he added.
AH reactions, estimates
16:14 News Bot: JP Morgan (JPM) lowers estimate of possible unreserved legal costs to USD 4.5-5.0bln and sees Q2 markets revenue down 20% from a year earlier
- Co. says expects core net interest margin relatively stable in 2014.
(RTRS)
16:16 News Bot: RANsquawk - Today's Trading Edge
TIME: 1930BST/1430EDT
NEWS: Atlantic Power (AT) hires advisers for merger or sale, according to SparkSpread
REACTION: In an immediate reaction AT shares rose 6.61% from USD 3.06 to USD 3.26.
TIME: 1859BST/1359EDT
NEWS: Spherix (SPEX) files a patent infringement lawsuit against Juniper (JNPR) in Wilmington, Delaware.
REACTION: In an immediate reaction SPEX shares rose 7.2% from USD 1.66 to USD 1.78.
TIME: 1633BST/1133EDT
NEWS: Crown Media (CRWN) says talked with Netflix (NFLX) on providing content
REACTION: In an immediate reaction CRWN shares rose 7.8% from USD 3.56 to USD 3.84.
TIME: 1608BST/1133EDT
NEWS: Covance (CVD) upgraded to buy from neutral at Sterne Agee
REACTION: In an immediate reaction CVD shares rose 2.9% from USD 79.44 to USD 81.74
TIME: 1555BST/1055EDT
NEWS: Pharmacyclics (PCYC) downgraded to neutral from overweight at Piper Jaffray
REACTION: In an immediate reaction PCYC shares fell 2.3% from USD 87.71 to USD 85.66
TIME: 1503BST/1003EDT
NEWS: Sohu.com (SOHU) upgraded to overweight from neutral at HSBC
REACTION: In an immediate reaction SOHU shares rose 1.3% from USD 57.00 to USD 57.71
TIME: 1439BST/0939EDT
NEWS: GBP/USD continues to decline following strong US NFP data; RANsquawk sources note bids at 1.6820-30
REACTION: Over the course of the following 22 minutes, GBP/USD rose 15 pips from 1.6828
TIME: 1222BST/0722EDT
NEWS: Balfour Beatty (BBY LN) and Anglican Water contract could be extended for 5 years from 2015
REACTION: In an immediate reaction BBY LN shares rose 1.0% from GBP 2.86 to GBP 2.88
TIME: 1050BST/0550EDT
NEWS: AstraZeneca (AZN LN) board rejects Pfizer (PFE) proposal, says proposal undervalues company
REACTION: In an immediate reaction, AZN LN spiked lower by 1.27% from GBP 47.78 to GBP 47.16
TIME: 0129BST/2030EDT
NEWS: Pernod Ricard (RI FP) are interested in Treasury Wine's (TWE AT) US assets, according to The Australian
REACTION: Over the course of the following 6 minutes, TWE AT shares rose 3.88% from AUD 4.13 to AUD 4.29
(RANsquawk)
16:21 News Bot: ArthroCare (ARTC) Q1 Adj. EPS USD 0.32 vs. Exp. USD 0.37
TOPS dips thin vol $6 no news. em
Baltic Dry Index Up 2.4% to 1,017 em
YELP rose ah off lows on guidance
moved from 54 ish to 61.65
Yelp Raises Revenue Guidance
Wednesday, April 30, 2014 4:05:00 PM ET
Yelp Inc. (YELP) said it expects second quarter revenue of $85.0 million to $86.0 million. The current consensus revenue estimate is $85.4 million for the quarter ending June 30, 2014. The company also said it now expects 2014 revenue of $363.0 million to $367.0 million. The company's previous guidance was revenue of $353.0 million to $358.0 million and the current consensus estimate is revenue of $358.9 million for the year ending December 31, 2014.
China NBS manuf PMI +50.4 mixed
21:00 ET
CHINA APR NBS MANUFACTURING PMI INCREASE TO 50.4 (FCAST 50.5 ) VS PREV 50.3
Also lot US data in am. May Day holiday Europe, Asia.
Asian equities opened higher on Thursday in what will likely be a quiet session with several markets shut for the 'May 1' public holiday, including China, South Korea and Hong Kong. Japan's Nikkei rose 0.4 percent.
Asia down on Ukr. Donetsk TV taken
Looks like at minimum East Ukraine going under, then whole country may get The Treatment not too long after East liberated.
http://www.theguardian.com/world/2014/apr/27/ukraine-donetsk-pro-russian-forces-seize-tv-station-parade-captives?CMP=EMCNEWEML6619I2
12:04 am
Ukraine: pro-Russian forces seize TV station in Donetsk and parade captives
Separatists march through city pulling down flags and set about replacing TV channels with pro-Kremlin broadcasts
ISRG write up Zacks, down again
looks off a buckish so far
Weakness Seen in Intuitive Surgical (ISRG): Stock Tumbles 11.5%
Zacks
By Zacks Equity Research
6 hours ago
Delcath Systems (DCTH) Worth Watching: Stock Soars 20.1% Zacks
Catamaran Corporation (CTRX) in Focus: Stock Drops 5.9% Zacks
Weakness Seen in NQ Mobile (NQ): Stock Tanks 13.0% Zacks
MacroGenics Slumps: MGNX Falls 7.5% in Session Zacks
Ambit Biosciences Slumps: AMBI Falls 13.0% in Session Zacks
Intuitive Surgical, Inc. (ISRG) saw a big move last session, as the company’s shares fell by about 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for ISRG, as the stock is now down around 31% since April 3.
This slump shouldn’t be too much of a surprise to investors, as this da Vinci surgical systems manufacturer has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ISRG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Medical Instruments industry include Delcath Systems, Inc. (DCTH), Accuray Incorporated (ARAY) and Globus Medical, Inc. (GMED). Among these stocks, Delcath holds a Zacks Rank #1 (Strong Buy) and Accuray and Globus hold a Zacks Rank #2 (Buy).
ISRG yeah. Don't like high ticket gaps
That's some rough drop. Fair amt red vol too.
fwiw small guy DEJ $0.275 is uppy hrs on some news. And Zacks tipper their tgt to 0.52 close .275 +.0452 3M lite vol.
Been in hands of oral surgeon so bit blitzed from all that. Took a super long walk in Man'h today which added to to blood flow, lol.
Big hole needing to heal up. Fast and no pain, just no appetite. Uggy. Haven’t had any issues until this one. Take day or so to
get handle on things again.
DEJ news, Zacks tgt upped to $.52
0.275 +0.0452 up AH 3M low vol day.
http://finance.yahoo.com/news/dej-dejour-energy-project-call-170000964.html
We maintain an Outperform rating on Dejour’s stock and slightly raise our target to $0.52 per share, which based upon a calculation of Net Asset Value (NAV) using the updated 51-101-compliant Reserve Report, recently filed 2013 financial reports and the latest company announcements, including the project update conference call held on April 17th.
<more>
News moves 5pm et not PLUG yet
See PLUG ah with some low b/a. PLUG offering saw that, no details yet.
11am story ref to Hyundai JV. Rumor was to be Ford in that deal. hmm AH 6.08 b/a 6.14, now 6.14/6.15
fwiw shaking tree for cheapies. Wild swing day.
05:08 PM EDT, 04/22/2014 (MT Newswires) -- Some of the stocks moving on news-driven events in tonight's after-hours include:
TSS, -4.1%
T, -2.0%
ILMN, +9.1%
MANH, +5.1%
ZHNE, -18.2%
CREE, -7.4%
HLIT, -2.9%
XOOM, +11.7%
ISRG, -5.3%
SANM, +8.0%
IGT, -1.9%
DFS, -1.2%
IGT, -1.9%
AMGN, -2.7%
SMCI, +14.8%
SKX, +13.2%
GILD, +1.0%
PLUG offering saw that, no details yet
PR about shelf offer after 11am story ref to Hyundai JV. Rumor was to be Ford in that deal. hmm AH 6.08 b/a 6.14 now 6.14/6.15
fwiw shaking tree for cheapies.
April 22, 2014, 11:34 a.m. EDT
Plug Power down 5% as Hyundai JV fails to excite
By Claudia Assis, MarketWatch
SAN FRANCISCO (MarketWatch) — Shares of Plug Power Inc. lost 4.9% on Tuesday, adding to the stock’s previous losses as an announced joint venture with Hyundai Hysco Co. Lt.d failed to excite investors.
Plug Power PLUG -9.55% said Monday it was forming the JV with Hyundai Hysco, a supplier to Hyundai Motor, to make and sell hydrogen fuel cells in Asia. That was in line with Plug’s “aggressive international growth strategy,” the company said in a press release.
Shares had rallied ahead of the announcement but fizzled later in the day. Plug shares have declined more than 9% in the last two days, and have lost 6% this month. The stock is still one of the largest gainers in U.S. markets, however, in the past 12 months: up more than 4,200%, and up 330% year to date.
PLUG 6.06, -0.64, -9.55%
Plug shares came to the fore as the fuel-cell supplier announced a couple of high-profile, albeit relatively small, deals with FedEx Corp. FDX +0.56% and Wal-Mart Stores Inc. WMT -0.05% distribution centers.
Plug has said it hopes to post a profit this year, which would be a first for the company, created more than a decade ago.
Other fuel-cell companies also traded in the red Tuesday, with Ballard Power Systems Inc. CA:BLD -1.13% , which supplies fuel cells to Plug Power, down 2%. FuelCell Energy Inc. FCEL -3.54% was down 5%.
Shares of solar companies had an easier time Tuesday, with solar installer SolarCity Corp. SCTY +0.15% up 5.6%. SunPower Corp. SPWR -0.31% advanced 5.2%, and solar-panel manufacturer Canadian Solar Inc. CSIQ -0.14% rose 8.2%.
Canadian Solar said Tuesday it will provide 43 megawatts of photovoltaic modules to Japan’s second largest solar power project. Delivery is expected for May adn to be completed in February 2015.
---------------
press release
April 22, 2014, 4:18 p.m. EDT
Plug Power Inc. Announces Proposed Public Offering of Common Stock
LATHAM, N.Y., Apr 22, 2014 (GLOBE NEWSWIRE via COMTEX) --
Plug Power Inc. PLUG -8.36% , a leader in providing clean, reliable energy solutions, today announced that it intends to offer and sell, subject to market and other conditions, common stock in an underwritten public offering.
Morgan Stanley & Co. LLC and Barclays Capital Inc. are acting as the book-running managers and Cowen and Company, LLC and FBR Capital Markets & Co. are acting as co-managers for the offering.
Plug Power intends to use the net proceeds of the offering for working capital and general corporate purposes, which may include capital expenditures and potential acquisitions.
The securities described are being offered by Plug Power Inc. pursuant to a shelf registration statement on Form S-3 including a base prospectus. The securities may be offered only by means of a prospectus. A preliminary prospectus supplement related to the offering has been filed with the SEC on April 22, 2014 and will be available on the SEC's website located at www.sec.gov . Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York, 10014, or by contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by calling (888) 603-5847 or by emailing barclaysprospectus@broadridge.com .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Looks good for start Jerry, thx. em
Japan mixed on wider trade deficit, exports weaken.
Japan’s Trade Deficit Widens as Export Growth Weakens: Economy
By Masaaki Iwamoto and Chris Shimamoto Apr 20, 2014 11:03 PM ET Bloomberg.com
Related
j !Abe's Third-Arrow Reforms Slower Than Hoped: Ito
j !Japan to Announce Bold Reforms in June: Taniguchi
Japan’s weakest export growth in a year spurred a wider-than-forecast trade deficit in March, adding to challenges for Prime Minister Shinzo Abe in steering the economy through the aftermath of an April 1 sales-tax rise.
The 1.8 percent rise in the value of shipments overseas from a year earlier, reported today by the Ministry of Finance, compared with a 6.5 percent median estimate of 27 economists in a Bloomberg News survey. An 18.1 percent jump in imports helped widen the deficit to the biggest ever for the month.
Exports by volume fell the most since June last year, suggesting external demand may fail to provide much support for an economy set to contract this quarter. A spending spree ahead of the tax increase boosted imports, already swollen by a surge in energy costs due to the yen’s slide and nuclear shutdowns.
“In spite of the continued weaker yen, the performance of Japanese exporters is quite weak compared to competitors like Korea or Taiwan,” said Junko Nishioka, chief Japan economist at Royal Bank of Scotland Group Plc in Tokyo. The trade balance will deteriorate “unless the government decides to restart nuclear power plants,” she said.
The rush demand ahead of the tax increase could have prompted companies to divert shipments to the domestic market, rather than overseas, crimping export growth, said Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management Co. in Tokyo.
Reflationary Drive
Abe’s drive to shake off more than a decade of deflation and economic drift helped drive down the yen, boosting profits of exporters such as Toyota Motor Corp. even as shipment volumes remain sluggish. Export volumes fell 2.5 percent in March from a year earlier.
At the same time, the Japanese currency’s 19 percent drop since Abe came to power in December 2012 has boosted import values, contributing to 21 straight monthly deficits -- the longest slide in comparable data back to 1979.
The yen was down 0.2 percent at 102.63 as of 11:48 a.m. in Tokyo today.
The Bank of Japan is forecast to add to already unprecedented easing to cushion the economy from the sales-tax increase and keep inflation on track to its 2 percent target.
A survey of economists conducted ahead of the BOJ’s April 8 meeting showed 72 percent forecasting the central bank would add stimulus before or during July.
Weakness in exports could be a potential trigger for more easing in July, according to JP Morgan Chase & Co. economist Masaaki Kanno.
Ballooning Deficit
The deficit quadrupled from a year earlier to 1.45 trillion yen ($14.1 billion), larger than a 1.08 trillion yen projection by economists. On a seasonally adjusted basis, the deficit grew to 1.71 trillion yen.
“Japan’s trade deficits may continue for at least three years,” said Muto, citing high energy costs and reduced potential for exports.
Other data today showed sluggishness in the nation’s corporate sector. Demand for loans from Japanese companies decreased in April from three months earlier, a BOJ survey showed.
Japan’s ruling Liberal Democratic Party is considering loosening restrictions on lenders to make it easier for small businesses to procure funds, the Nikkei newspaper reported on April 19.
While department store sales in March soared the most since at least 1991, Abe now has to ensure domestic demand doesn’t tail off with shoppers having to pay more for goods because of the higher sales levy.
Consumer confidence fell in March for a fourth straight month to 37.5, down from 45.7 in May last year -- the highest point during Abe’s current term as prime minister.
The government this month cut its assessment of the economy for the first time since November 2012.
To contact the reporters on this story: Masaaki Iwamoto in Tokyo at miwamoto4@bloomberg.net; Chris Shimamoto in Tokyo at cshimamoto@bloomberg.net
To contact the editors responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net Andy Sharp, Arran Scott
TOPS TOP SHIPS 1-7 effect 4/21
Got this from broker watch list 6pm ET
TOP SHIPS Inc has announced a 2:14 split, effective 4/21/14
Close 1.25 -0.03 thin 13,590
RAD had upgrade; reco
This am RAD had price tgt raised by a firm, can't find piece now.
But Monday it was also upped by Deutsche.
and today a Zacks reco
http://ih.advfn.com/p.php?pid=nmona&article=61883581
RAD: Deutsche Bank Keeps @ Buy; Ups Tgt to $9 vs $7
Monday , April 14, 2014 11:43ET
Issuer: Rite Aid Corporation (NYSE: RAD)
Analyst Firm: Deutsche Bank
Ratings Action: REITERATION
Current Rating: Buy
Target Price Action: INCREASE
Target Price: $9.00 (+28.57% from $7.00)
This rating information was reported by TheFlyOnTheWall.
Baltic <1K and mess of ratings
Dry Index -0.6% to 930 points
08:56 News Bot: Today's major pre-market US broker moves
Upgrades
ALCOA (AA) UPGRADED TO SECTOR PERFORM FROM UNDERPERFORM AT RBC CAPITAL
BANK OF AMERICA (BAC) UPGRADED TO OUTPERFORM FROM PERFORM AT OPPENHEIMER
BOARDWALK PIPELINE (BWP) UPGRADED TO OVERWEIGHT FROM UNDERWEIGHT AT JPMORGAN
BOFI HOLDING (BOFI) UPGRADED TO BUY FROM NEUTRAL AT STERNE AGEE
EDISON INTERNATIONAL (EIX) UPGRADED TO BUY FROM HOLD AT JEFFERIES
EMERGE ENERGY (EMES) PRICE TARGET RAISED TO USD 77-USD 82 FROM USD 58-USD 62 AT WELLS FARGO
EQUIFAX (EFX) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK
FIRST SOLAR (FSLR) PRICE TARGET RAISED TO USD 81 FROM USD 70 AT ARGUS
GOGO (GOGO) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN
HANCOCK HOLDING (HBHC) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES
JOHNSON & JOHNSON (JNJ) PRICE TARGET RAISED TO USD 116 FROM USD 104 AT ARGUS
NATIONAL BANK OF GREECE (NBG) UPGRADED TO NEUTRAL FROM UNDERWEIGHT AT JPMORGAN
NETFLIX (NFLX) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT PACIFIC CREST
RALLY SOFTWARE (RALY) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT PIPER JAFFRAY
SANDISK (SNDK) PRICE TARGET RAISED TO USD 95 FROM USD 90 AT JEFFERIES
SOLARCITY (SCTY) UPGRADED TO OUTPERFORM FROM NEUTRAL AT RW BAIRD
Downgrades
ENTERPRISE PRODUCTS (EPD) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
GOOGLE(GOOG) PRICE TARGET LOWERED TO USD 660 FROM USD 690 AT BOFA/MERRILL
HUNTINGTON BANCSHARES (HBAN) DOWNGRADED TO OUTPERFORM AT RAYMOND JAMES
MEREDITH (MDP) DOWNGRADED TO NEUTRAL FROM BUY AT CITIGROUP
RYDER (R) DOWNGRADED TO HOLD FROM BUY AT STIFEL
SEADRILL (SDRL) DOWNGRADED TO NEUTRAL FROM BUY AT BOFA/MERRILL
SOUTHERN COMPANY (SO) DOWNGRADED TO SECTOR PERFORM FROM OUTPERFORM AT RBC CAPITAL
ST. JUDE MEDICAL (STJ) PRICE TARGET LOWERED TO USD 47 FROM USD 51 AT CANACCORD
TARGA RESOURCES PARTNERS (NGLS) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
Initiations
GOLUB CAPITAL (GBDC) INITIATED WITH AN OUTPERFORM AT RAYMOND JAMES
HANMI FINANCIAL (HAFC) INITIATED WITH AN OUTPERFORM AT RAYMOND JAMES
NORWEGIAN CRUISE LINE (NCLH) INITIATED WITH A BUY AT LONGBOW
PLUM CREEK TIMBER (PCL) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
RF MICRO DEVICES (RFMD) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL
SANDISK (SNDK) ASSUMED WITH AN OVERWEIGHT AT PIPER JAFFRAY
SKYWORKS (SWKS) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL
TRIQUINT (TQNT) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL
(RANsquawk)
US PRE-MARKET EARNINGS SNAP-SHOT
09:02 News Bot: US PRE-MARKET EARNINGS SNAP-SHOT
Larger Cap (>USD 20bln) Stocks
ABT | Abbott Laboratories | Q1 EPS USD 0.41 vs. Exp. USD 0.36
BAC | Bank of America Corp | Q1 EPS USD 0.34 vs. Exp. USD 0.27
PNC | PNC Financial Services Group Inc/The | Q1 EPS USD 1.71 vs. Exp. USD 1.65
USB | US Bancorp/MN | Q1 EPS USD 0.73 vs. Exp. USD 0.73
Small-to-Mid Cap Stocks (USD 1-20bln)
FRC | First Republic Bank/CA | Q1 EPS USD 0.67 vs. Exp. USD 0.64
HBAN | Huntington Bancshares Inc/OH | Q1 EPS USD 0.19 vs. Exp. USD 0.17
STJ | St Jude Medical Inc | Q1 EPS USD 0.96 vs. Exp. USD 0.95
GWW | WW Grainger Inc | Q1 EPS USD 3.07 vs. Exp. USD 2.96
Earnings from after-market yesterday (15th April 2014)
Linear Technology (LLTC) Q3 Adj. EPS USD 0.55 vs. Exp. USD 0.53
Boston Private Financial Holdings Inc (BPFH) Q1 EPS USD 0.20 vs. Exp. USD 0.19
Yahoo! Inc (YHOO) Q1 Adj. EPS USD 0.38 vs. Exp. USD 0.37
CSX Corp (CSX) Q1 EPS USD 0.40 vs. Exp. USD 0.37; reaffirms forecast
Intel Corp (INTC) Q1 EPS USD 0.38 vs. Exp. GAAP EPS USD 0.37; Reaffirms forecast for yearly revenue
Interactive Brokers Group Inc (IBKR) Q1 EPS USD 0.34 vs. Exp. USD 0.30
(RANsquawk)
DEJ 60% Jump in Oil Prod Woodrush Prject B.C.
04:52 PM EDT, 04/15/2014 (MT Newswires) -- Dejour Energy Inc. (DEJ,DEJ.TO) was steady in late trade and the exploration and production company tonight saying gross daily production from the company's Woodrush project in northeastern British Columbia has reached 540 barrels of oil equivalent, up 60% over the final three months of 2013.
DEJ has a 70% ownership stake of the Woodrush project, resulting in around 380 barrels of gross production daily for the company.
The company said it also has reactivated one of the three previously shut-in natural gas wells adjacent to the Woodrush project area that it acquired late last month. That well is producing an additional 1 million cubic feet per day into the DEJ sales line. DEJ also said it is working to determine the best methods for reactivating the other two wells along with another well also acquired last month in the nearby Halfway formation.
DEJ shares were unchanged after-hours at 27 cents apiece, earlier slipping 2 cents during today's regular session. The stock has a 52-week range of 9 cents to 30 cents a share. The company also will be hosting an investor update conference call on Thursday, April 17 at 11 a.m. ET.
Price: 0.27, Change: 0.00, Percent Change: 0
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
C earns 8am Monday what to expect
UPDATE: Citigroup earnings: here's what investors can expect
Today 5:35 PM ET (MarketWatch)Print
By Sital S. Patel
Citigroup Inc. (C) will release its first-quarter earnings on Monday at 8 a.m. Eastern. This is what investors can expect:
Earnings: The nation's third-largest bank by assets is expected to report net income of $3.56 billion, or $1.14 earnings per share, down from $3.8 billion, or $1.29 a share in the year-earlier period, according to analysts surveyed by FactSet.
Revenue: The bank is expected to report a decline in revenue. The consensus estimate is $19.47 billion for the quarter, compared to $20.5 billion a year ago.
Stock react: Shares are trading at $45.68, down 12% year-to-date and 17% below their 52-week high. Shares have lagged the Financial Select Sector SPDR Fund (XLF), which tracks financial stocks in the S&P 500 (SPX) and is down 2.7% year-to-date. Analysts have an average price target of $58.06, according to FactSet. Rival J.P. Morgan Chase & Co. (JPM) shares fell 3.7% after it reported earnings Friday.
Key issues: Citigroup warned investors this week that it may miss a key profitability target, after the Federal Reserve rejected its latest capital plan. The bank was referring to its target for return on tangible common equity, a figure that lets investors compare its profitability with that of its peers.
Legal issues: Watch for comments on legal expenses following some recent settlements, and for any news on the fraud case at its Mexican unit, Banamex.
Citi Holdings: Citi's "bad bank" has been a drag on earnings and management has worked hard to reduce its impact. Citi Holdings currently accounts for just 6% of all Citigroup assets.
ISI goes bullish semis, Naz picks
12:53 pm ET
On Friday, ISI initiated coverage on the Semiconductor sector.
Analyst C.J. Muse believes the sector is “set up for beat and raises, largely speaking, for the next 4 to 6 quarters into 2015,” which has already been anticipated by the market. However, the analyst believes the bullish estimates can still be attained and beaten.
Muse sees 6-7 percent growth as worldwide GDP re-accelerates. Other boosts to the sector could come from “mobility cannibalization largely complete, mature markets re-accelerating and a risk in silicon intensity, and the Internet of Things and Auto driving increased silicon content,” according to the analyst.
Some of the weaker points to the sector include “few product cycles to drive above-average growth and ongoing weakness in PC and Mobility while ASPs weighing on consumer markets.”
Muse's top picks in the sector are:
NXP Semiconductors (NASDAQ: NXPI) - Strong Buy, $85 price target
Micron (NASDAQ: MU) - Strong Buy, $30 price target
Analog Devices (NASDAQ: ADI) - Buy, $62 price target
Qualcomm (NASDAQ: QCOM) - Strong Buy, $90 price target
The analyst favors Micron in the DRAM industry and “permanent structural change in DRAM dynamics plus improving pricing environment that should enable higher GM's plus excellent exposure to the right product cycles in NAND.” Muse estimates consistent free cash flow of $2.50-$3.5 in calendar years 2014-16.
NXP has “transformed itself from a margin expansion/deleveraging story to now a secular growth/FCF story driven by growth in ID (mobile transactions, NFC, authentication), greater penetration into Apple and Samsung GS5 as well as good leverage to core industrial growth areas."
The analyst is not as bullish on:
Freescale Semiconductor (NYSE: FSL) - Cautious, $20 price target
Linear Technology (NASDAQ: LLTC) - Cautious, $46 price target
Texas Instruments (NASDAQ: TXN) - Neutral, $50 price target
Intel (NASDAQ: INTC) - Neutral, $26 price target
Other stocks receiving coverage are:
Nvidia (NASDAQ: NVDA) - Neutral, $19 price target
Broadcom (NASDAQ: BRCM) - Neutral, $32 price target
Maxim Integrated Products (NASDAQ: MXIM) - Neutral, $36 price target
KLA-Tencor (NASDAQ: KLAC) - Neutral, $72 price target
Lam Research (NASDAQ: LRCX) - Strong Buy, $70 price target
Teradyne (NYSE: TER) - Buy, $24 price target
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
H 3 L 47 52-wk
New Highs 3
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
Vanguard Total Intl Bd BNDX 50.80 3,598
WT BofA Mer Lyn Zero HYZD 25.76 535
Zygo ZIGO 19.23 733,922
New Lows 47
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
AEP Industries AEPI 35.05 1,189
Adamas Pharmaceuticals ADMS 13.41 15,655
Antares Pharma Inc. ATRS 3.14 325,698
ArQule ARQL 1.85 31,358
Carbonite CARB 8.98 13,226
Ceres CERE 0.65 188,934
Cerulean Pharma Inc. CERU 6.35 2,194
Charles & Colvard CTHR 2.60 16,469
Coldwater Creek CWTR 0.12 2,524,438
Comstock Hldg Cl A CHCI 1.37 4,800
Concert Pharmaceuticals CNCE 11.32 9,631
Dicerna Pharmaceuticals DRNA 19.32 8,914
eGain Corp. EGAN 6.50 5,260
Egalet Corp. EGLT 11.35 6,961
ExOne Co. XONE 28.00 79,037
Fairway Grp Hldgs Cl A FWM 7.00 45,417
FT Dorsey Wright Focus 5 FV 17.80 9,852
Five9 Inc. FIVN 6.84 41,012
Fuel Systems Solutions FSYS 9.81 46,281
Gentiva Health Services GTIV 8.13 8,519
Google Inc. Cl C GOOG 526.53 676,003
II-VI IIVI 14.10 14,041
Infinity Pharmaceuticals INFI 10.10 30,927
Lands' End Inc. LE 25.35 41,333
Momenta Pharm MNTA 10.34 77,613
NewLead Hldg Ltd NEWL 0.49 391,932
Potlatch REIT PCH 37.32 6,786
Prana Biotech PRAN 1.81 479,591
Procera Networks PKT 9.32 11,129
Quality Systems QSII 15.75 31,503
RMG Networks Holding RMGN 3.85 13,759
Recro Pharma Inc. REPH 6.51 13,172
Republic Airways Hldgs RJET 8.22 19,988
SeaChange Intl SEAC 9.80 15,460
Steiner Leisure STNR 42.34 17,552
Sterling Construction Co STRL 7.80 3,047
TGC Inds TGE 5.58 6,396
THL Credit TCRD 13.53 21,507
Tarena Intl Inc. ADS TEDU 7.50 20,700
TearLab TEAR 5.76 13,222
Territorial Bancorp TBNK 20.18 1,729
Trans World Entertainment TWMC 3.35 3,050
Versartis Inc. VSAR 25.37 70,253
Village Super Market Cl A VLGEA 25.09 2,006
VimpelCom VIP 8.13 306,430
Westport Innovations WPRT 13.06 128,253
WhiteHorse Finance Inc. WHF 13.61 3,948
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
04-11-14 1023ET
Copyright (c) 2014 Dow Jones & Company, Inc.
15/30 for sale imbsl djia
09:12 News Bot: NYSE opening imbalance - 15/30 for sale in the DJIA
CWTR Bk Chapter 11 under stories
Coldwater Creek has filed for Chapter 11 as it looks to "facilitate an orderly wind-down of its operations." The women's clothing retailer listed assets of $10-50M and liabilities of $100-500M. It expects to start closing-down sales to liquidate its inventory next month. Coldwater Creek (CWTR) is the latest retailer to fall into bankruptcy, following clothing chains Dots and Loehmann's, and pizza restauranter Sbarro.
CWTR files Bk Chpt 11
Coldwater Creek has filed for Chapter 11 as it looks to "facilitate an orderly wind-down of its operations." The women's clothing retailer listed assets of $10-50M and liabilities of $100-500M. It expects to start closing-down sales to liquidate its inventory next month. Coldwater Creek (CWTR) is the latest retailer to fall into bankruptcy, following clothing chains Dots and Loehmann's, and pizza restauranter Sbarro.
JRCC wins $130M Bk loan
11:49 am et
James River Coal Co. won court approval to start drawing on a $110 million bankruptcy loan as it looks for a buyer or investor in its newly filed Chapter 11 case.
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court in Richmond, Va. , on Wednesday authorized the Appalachian coal miner to borrow up to $80 million of the loan, court papers show.
Judge Huennekens will consider allowing James River to borrow the full amount of the loan at a May 7 hearing.
James River sought Chapter 11 protection earlier this week with plans to continue an ongoing search for either a buyer or fresh capital. The loan, arranged by Deutsche Bank Securities Inc. with Cantor Fitzgerald Securities as agent, will fund James River's operations in the meantime.
The company also plans to use the loan to refinance its existing debt, including paying nearly $190,000 in fees and other charges owed to its existing lenders and another $4.2 million owed under lease agreements with General Electric Capital Corp.
The loan terms require James River to secure at least one sale or investment proposal by July 15 to avoid default, court papers show. The company has filed its bidding procedures proposal with the bankruptcy court, which must sign off on the timeline.
James River sought bankruptcy protection after skipping an interest payment on its debt, amid mounting losses and tight liquidity. The coal industry has seen sharp declines, as the cost of natural gas, a competing energy source, has fallen and as gas demand has risen in the U.S.; consequently, James River has seen its earnings fall dramatically.
For 2013, James River posted a net loss of $16.4 million on the sale of approximately 8.4 million tons of coal. The company entered Chapter 11 protection with $818.7 million in debt overall.
James River has eight mining operations, with 16 active mines in Indiana , Kentucky and West Virginia , which contain about 340 million tons of coal reserves. The company ships coal to electricity generators, industrial users and steel companies in the U.S. and abroad.
-- Stephanie Gleason contributed to this article.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com)
Write to Jacqueline Palank at jacqueline.palank@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
04-10-14 1149ET
Copyright (c) 2014 Dow Jones & Company, Inc.
New H & L 10:19
New Highs 14
COMPANY SYMBOL HIGH VOLUME
------- ------ ---- ------
ASM Intl NV ASMI 41.46 830
Abraxas Pete AXAS 4.52 218,270
Allegiant Travel ALGT 117.71 1,421
Amkor Technology AMKR 7.46 144,389
CDW Corp. CDW 28.93 27,957
Dorchester Minerals DMLP 26.75 1,926
Foster Wheeler FWLT 34.00 26,741
Littelfuse LFUS 98.90 57,369
Marriott Intl MAR 57.25 56,035
ON Semiconductor ONNN 10.07 1,371,233
Siliconware Precision SPIL 7.15 57,409
USA Truck USAK 16.85 26,967
Vanguard Total Intl Bd BNDX 50.74 11,717
WidsomTree Mid East Div GULF 24.08 12,507
New Lows 9
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
Derma Sciences DSCI 10.51 5,784
Gordmans Stores GMAN 5.00 2,239
iKang Healthcare ADS KANG 14.99 252,254
Lands' End Inc. LE 26.20 23,701
Lihua Intl Inc LIWA 4.75 5,096
NewLead Hldg Ltd NEWL 0.62 259,374
Prana Biotech PRAN 2.08 261,512
Semler Scientific Inc. SMLR 4.75 2,781
VIVUS VVUS 4.87 303,783
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
04-10-14 1019ET
Copyright (c) 2014 Dow Jones & Company, Inc.