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Citi: 'Bigger And More Powerful' Trade Agreements On The Horizon
Thursday, June 25, 2015 - 4:04pm | 474Read More...The U.S. Senate finally approved Trade Promotion Authority (TPA) for the president on Thursday in a 60-38 vote. The six-year legislation will allow the commander-in-chief to "fast-track" trade agreements. Congress will only be able to vote trade legislation "up or down"...
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US Stock Futures Surge Ahead Of Jobless Claims
Thursday, June 25, 2015 - 8:10am | 418Read More...Pre-open movers US stock futures traded higher in early pre-market trade. Data on weekly jobless claims and consumer spending for May will be released at 8:30 a.m. ET. The PMI services flash for June will be released at 9:45 a.m. ET, while the Kansas City Fed composite manufacturing index for June...
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IPO Outlook: Is The Market Hungry For Chicken Processor Wayne Farms?
Monday, June 22, 2015 - 2:02pm | 1371Read More...Wayne Farms Inc (NASDAQ: WNFM), the sixth largest producer and processor of broiler chickens, plans to raise over $300 million in its IPO this Thursday. The company is being spun off from parent Continental Grain. Wayne Farms expects to offer over 12.8 million shares between $18 and $21 per share...
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Salesforce-Microsoft?
Wednesday, June 17, 2015 - 11:26am | 377Read More...This piece was originally posted on April 30th, 2015 and is being republished below. Amid the speculation of a merger between Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), some analysts were looking at Microsoft Corporation (NASDAQ: MSFT) as a potential suitor for...
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Citigroup Downgrades EP Energy To Sell
Wednesday, June 17, 2015 - 9:04am | 52Read More...Citigroup downgraded EP Energy Corp (NYSE: EPE) from Neutral to Sell. EP Energy shares have dropped 38.72 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period. EP Energy shares climbed 3.03 percent to close at $13.59 yesterday.
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Citigroup Downgrades Energen To Neutral
Wednesday, June 17, 2015 - 8:50am | 51Read More...Analysts at Citigroup downgraded Energen Corporation (NYSE: EGN) from Buy to Neutral. Energen shares have dropped 17.97 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period. Energen shares fell 0.34 percent to close at $73.71 yesterday.
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Citigroup Upgrades Whiting Petroleum To Buy
Wednesday, June 17, 2015 - 8:26am | 54Read More...Analysts at Citigroup upgraded Whiting Petroleum Corp (NYSE: WLL) from Neutral to Buy. Whiting Petroleum shares have dropped 56.03 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period. Whiting Petroleum shares climbed 2.24 percent to $36.00 in after...
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Citigroup Upgrades Concho Resources To Buy
Wednesday, June 17, 2015 - 8:21am | 52Read More...Citigroup upgraded Concho Resources Inc (NYSE: CXO) from Neutral to Buy. Concho Resources shares have dropped 10.27 percent over the past 52 weeks, while the S&P 500 index has surged 7.12 percent in the same period. Concho Resources' shares jumped 0.78 percent to close at $125.06 yesterday.
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Citigroup Upgrades Hess To Buy
Friday, June 12, 2015 - 8:46am | 51Read More...Analysts at Citigroup upgraded Hess Corp. (NYSE: HES) from Hold to Buy. Hess shares have dropped 28.26 percent over the past 52 weeks, while the S&P 500 index has surged 8.92 percent in the same period. Hess shares rose 4.88 percent to close at $68.84 yesterday.
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Citi Warns Of Rising Disruption Risks From Drones, Cuts GoPro Estimates
Wednesday, June 10, 2015 - 8:59am | 269Read More...In a note published Wednesday, Citigroup analyst Jeremy David lowered his expected total return for GoPro Inc (NASDAQ: GPRO) to -4.6 percent, maintaining a Neutral rating on the company. David cites Citigroup's annual U.S. action camera survey, saying that fewer American consumers are...
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Citigroup Downgrades Sunedison Semiconductor To Neutral
Wednesday, June 10, 2015 - 8:51am | 60Read More...Citigroup downgraded Sunedison Semiconductor Ltd (NASDAQ: SEMI) from Buy to Neutral. The price target for Sunedison Semiconductor has been lowered from $27.00 to $22.00. Sunedison Semiconductor shares have gained 24.64 percent over the past 52 weeks, while the S&P 500 index has surged 7.01...
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Citigroup Sees Pros To A Fiat Chrysler/General Motors Merger
Tuesday, June 9, 2015 - 10:31am | 223Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne reportedly began reaching out to major hedge funds, and others, to push General Motors Company (NYSE: GM) into a merger with Fiat, according to The Wall Street Journal. Citigroup analyst Itay Michaeli believes that General Motors...
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Microsoft, Apple & Actavis Among Hedgies', Mutual Fund's Favorite Stocks
Monday, June 8, 2015 - 11:00am | 593Read More...In a report published Friday, Citigroup analyst Tobias Levkovich offered a glimpse in to what hedge funds and mutual funds are buying and how they are performing. According to Levkovich, the Equity Hedge Fund Index outperformed the S&P 500 for the first time in over two years. While the S...
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Dish, T-Mobile Talks Could Indicate Sale To Verizon
Friday, June 5, 2015 - 1:00pm | 399Read More...In a report published Thursday, Citigroup analyst Michael Rollins discussed the potential DISH Network Corp (NASDAQ: DISH) merger with T-Mobile US Inc (NYSE: TMUS), noting that the purchase price and mix of consideration are still unresolved. Rollins noted that the timing of the media reports...
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Take Advantage Of Weakness In Semiconductors, Citigroup Says
Tuesday, June 2, 2015 - 11:28am | 462Read More...In a report published Tuesday, Citigroup analyst Atif Malik commented that investor concern within the semiconductor space continues with a focus on additional capital expenditure cuts on weak PC demand and DRAM oversupply. Malik reviewed and answered key investor questions: Will Memory Capex...
