Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

Word I got 3 too if any of you want em

Let me check it out this weekend ill get back to you

 

[Domingo Halliburton]

ECONOMIC REPORTS

Chicago Fed national activity index for November at 8:30--consensus 0.23
Existing home sales for November at 10:00--consensus down 1.1% to 5.2M rate

ANALYST RESEARCH

Upgrades

ARAMARK (ARMK) upgraded to Top Pick from Outperform at RBC Capital
Brown Shoe (BWS) upgraded to Equal Weight from Underweight at Morgan Stanley

Downgrades

DuPont Fabros (DFT) downgraded to Hold from Buy at KeyBanc
Finish Line (FINL) downgraded to Neutral from Buy at Janney Capital
Seagate (STX) downgraded to Neutral from Buy at Longbow
Western Digital (WDC) downgraded to Neutral from Buy at Longbow

Initiations

AMC Networks (AMCX) initiated with an Outperform at Pacific Crest
AMSC (AMSC) initiated with an Outperform at Cowen
Axalta Coating (AXTA) initiated with a Buy at Deutsche Bank
Axalta Coating (AXTA) initiated with a Buy at Nomura
Axalta Coating (AXTA) initiated with a Neutral at Goldman
Axalta Coating (AXTA) initiated with an Overweight at JPMorgan
Brown Shoe (BWS) initiated with a Hold at Jefferies
C.R. Bard (BCR) initiated with a Market Perform at Wells Fargo
Coach (COH) initiated with a Neutral at Mizuho
Discovery (DISCA) initiated with a Sector Perform at Pacific Crest
Energous (watt) initiated with a Buy at Roth Capital
Hortonworks (HDP) initiated with an Outperform at JMP Securities
Macquarie Infrastructure (MIC) initiated with an Overweight at JPMorgan
Michael Kors (KORS) initiated with a Neutral at Mizuho
PolyOne (POL) initiated with a Buy at SunTrust
STORE Capital (STOR) initiated with a Neutral at Credit Suisse
Scripps Networks (SNI) initiated with a Sector Perform at Pacific Crest
Shoe Carnival (SCVL) initiated with a Hold at Jefferies
Southwestern Energy (SWN) initiated with a Neutral at SunTrust
Starz (STRZA) initiated with a Sector Perform at Pacific Crest
Time Warner (TWX) initiated with an Outperform at Pacific Crest

COMPANY NEWS

American Apparel (APP) announced that its board has adopted a new, one-year stockholder rights plan that is designed to strengthen the ability of the board to protect the company's stockholders
Jamba (JMBA) announced that it would be implementing an additional reduction in the company’s workforce of up to 23 employees based out of the company’s support center in Emeryville, California
21st Century Fox (FOXA) said it blacked out Fox News and Business for DISH (DISH)
Iron Mountain (IRM) reached settlement with U.S. DOJ to resolve GSA pricing issues
Staples (SPLS) gave an update on the investigation into its previously announced data security incident involving a small percentage of its retail point-of-sale systems. Staples’ data security experts detected that criminals deployed malware to some point-of-sale systems at 115 of its more than 1,400 U.S. retail stores, and said it believes that overall, approximately 1.16M payment cards may have been affected in the breach

EARNINGS

Anthem (ANTM) backs FY14 EPS excl. items $8.75-$8.85, consensus $8.83

NEWSPAPERS/WEBSITES

Express Scripts (ESRX) to offer AbbVie (ABBV) hepatitis C drug exclusively, CNBC reports
Caesars Entertainment (CZR) planning to buy Caesars Acquisition (CACQ), WSJ reports
Ocwen's (OCN) executive chairman to step down as part of NY settlement, WSJ reports
Pfizer (PFE) 'unlikely' to make fresh bid for AstraZeneca, Reuters reports
Sony (SNE) could stream 'Interview' on Crackle, but no decision made yet, Re/code reports
Herbalife (HLF) asked to stop airing video claiming FDA approval, NY Post reports
Chevron (CVX), Occidental Petroleum (OXY), others look cheap, Barron's says (RDS.A, EOG, SLB)
Bed Bath & Beyond (BBBY) could rise 19%, Barron's says

SYNDICATE

BG Staffing (BGSF) files to sell 822,212 shares for holders
CAMAC (CAK) files to sell 945.5M shares for holders
Dominion (D) files automatic mixed securities shelf
Eleven Biotherapeutics (EBIO) files to sell 2.62M shares for holders
GTx (GTXI) files to sell 64.31M shares for holders
Intellicheck (IDN) files to sell $9.775M of common stock
NeoPhotonics (NPTN) files to sell $37.95M of common stock
New Media (NEWM) files to sell $150M of common stock
ZaZa Energy (ZAZA) files to sell 212,470 shares of common stock

 

[aliG]

This is hands down my favorite part of the Coli. I love checking this thread everyday.

 

[franknitty711]

Haven't seen over a million in daily volume in CERE but it is there today. Wondering what the catalyst is?

 

[Domingo Halliburton]

Haven't seen over a million in daily volume in CERE but it is there today. Wondering what the catalyst is?

interesting. I see absolutely no news. It's like 5 times its usual volume.

 

[Domingo Halliburton]

Thanks to TARP Banks have hauled in $430 million in fees from Treasury's stock sales, says WSJ.

you can't make this shyt up

 

[无名的]

Haven't seen over a million in daily volume in CERE but it is there today. Wondering what the catalyst is?

No clue what the catalyst is... just a quick skim doesn't look like any institutional buying, so not sure it means anything.

On another note... looks like the panic has left energy (for now). Today WTI is lower than where it was last week before the brief rally... but energy stocks are still sticking around the post-rally levels.

 

[Domingo Halliburton]

don't be fooled by the Walgreens beat. Operating income is the same as a year ago they just have some tax savings they stretched into this quarter.

 

[Domingo Halliburton]

ECONOMIC REPORTS

Domestic economic reports scheduled for today include:
Durable goods orders for November at 8:30--consensus up 3.0%
GDP for Q3 at 8:30--consensus up 4.3%
FHFA house price index for October at 9:00--consensus up 0.3%
University of Michigan consumer sentiment index for December at 9:55--consensus 93.5
Richmond Fed manufacturing index for December at 10:00--consensus 7
New home sales for November at 10:00--consensus up 0.4% to 460K rate

ANALYST RESEARCH

Upgrades

CryoLife (CRY) upgraded to Overweight from Neutral at Piper Jaffray
DCT Industrial (DCT) upgraded to Buy from Hold at Stifel
Douglas Emmett (DEI) upgraded to Hold from Sell at Stifel
Kimberly Clark (KMB) upgraded to Outperform from Market Perform at BMO Capital

Downgrades

Achillion (ACHN) downgraded to Neutral from Outperform at RW Baird
BreitBurn Energy (BBEP) downgraded to Hold from Buy at Stifel
Diamond Offshore (DO) downgraded to Reduce from Neutral at Global Hunter
Hercules Offshore (HERO) downgraded to Reduce from Neutral at Global Hunter
LRR Energy (LRE) downgraded to Hold from Buy at Stifel
Nabors Industries (NBR) downgraded to Reduce from Neutral at Global Hunter
New Source Energy (NSLP) downgraded to Hold from Buy at Stifel

Initiations

Axalta Coating (AXTA) initiated with an Equal Weight at Barclays
Calgon Carbon (CCC) initiated with a Buy at Topeka
Cedar Fair (FUN) initiated with an Outperform at Credit Suisse
Chuy's (CHUY) initiated with a Hold at Wunderlich
FleetCor (FLT) resumed with an Overweight at Barclays
Intra-Cellular (ITCI) initiated with an Outperform at JMP Securities
Johnson Controls (JCI) initiated with a Buy at Ascendiant
PTC Therapeutics (PTCT) coverage assumed with an Outperform at Wedbush
Quest Resource Holding (QRHC) initiated with a Buy at Maxim
Red Hat (RHT) initiated with a Buy at Cantor
Sonus (SONS) initiated with an Outperform at Wells Fargo

COMPANY NEWS

Chesapeake (CHK) announced $1B stock repurchase authorization
Vanda (VNDA), Novartis (NVS) agreed to settle arbitration relating to Fanapt. As a part of the settlement agreement, Novartis will transfer all U.S. and Canadian rights in the Fanapt franchise to Vanda, make a $25M equity investment in Vanda at a price per share equal to $13.82 and grant to Vanda an exclusive worldwide license to AQW051
Statoil (STO) agreed to reduce its working interest in the non-operated U.S. southern Marcellus onshore asset from 29% to 23%, following a $394M transaction with Southwestern Energy (SWN)
Hess Corp. (HES) announced LOI with North West Shelf. Hess intends to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia and, subject to execution of binding agreements, toll the production through existing NWS processing and liquefaction facilities in Karratha, Australia
Oragenics (OGEN) to explore strategic alternatives for OTC probiotic products business

EARNINGS

Companies that beat consensus earnings expectations last night and today include:
Steelcase (SCS)

Steelcase (SCS) sees Q4 EPS 19c-23c, consensus 20c
Quanta Services (PWR) sees impact of 14c per share in Q4
China Finance Online (JRJC) reports Q3 EPS (11c) vs. (7c) last year
Points International (PCOM) now sees FY14 revenue, adjusted EBITDA at low end of view; sees growing revenue, adjusted EBITDA in FY15

NEWSPAPERS/WEBSITES

Simple step would have prevented JPMorgan (JPM) hacking, NY Times reports
Starbucks (SBUX) to no longer use Square for mobile payments, WSJ reports
Facebook (FB) said to block page supporting Putin critic, NY Times reports
Amazon (AMZN) not expected to release next Fire phone until 2016, VentureBeat reports
Hudson's Bay CEO interested in buying Dillard's (DDS), The Deal reports
TripAdvisor (TRIP) fined for misleading reviews in Italy, AP reports
American Apparel (APP) not actively looking for bids, Bloomberg says

SYNDICATE

Alder Biopharmaceuticals (ALDR) files to sell $115M of common stock
Arc Logistics (ARCX) files to sell $500M of limited partner interests
Esperion (ESPR) files $200M mixed securities shelf
Hawaiian Electric (HE) files automatic mixed securities shelf
Nicholas Financial (NICK) intends to commence modified Dutch auction tender offer
Pennsylvania REIT (PEI) files $1B automatic mixed securities shelf

 

[Futuristic Eskimo]

5%



Thanks Obama

 

[Domingo Halliburton]

5%



Thanks Obama

Obama is partly to thank

Consumer spending contributed seven-tenths to the revision with healthcare spending the largest contribution at three-tenths" -Goldman Sachs

 

[无名的]

Haven't seen over a million in daily volume in CERE but it is there today. Wondering what the catalyst is?

Bigger buys today... 4 blocks of 30,000 and 167,000.

This is a long term investment. Can't care too much about the day to day noise and manipulation.

 

[Domingo Halliburton]

volumes are light but most active options:

AAPL-Over 150,000, 102k calls
FB-Over 116,000 total, 78k calls
BAC-Over 105,000 total, 86k calls

 

[无名的]

ACHN down 20% today... glad I dumped.

Spoiler

unless a buyout comes

 

[Domingo Halliburton]

thank god we have HFT to send stocks (NGLS in this case) from $45 to $10,000 in a second: