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Stock Market & Financial Investment News

News Breaks
October 21, 2011
04:43 EDTBLDRBuilders FirstSource CEO: optimistic about the long-term outlook of our industry
CEO Floyd Sherman commented: "Housing demand remains weak due to the struggling economy, high unemployment, and the limited availability of mortgage financing. Though these conditions persist, we are still optimistic about the long-term outlook of our industry, due largely to the increasing disparity between the current low level of housing starts and the on-going housing demand being created by current demographic trends. Due to the dedicated efforts of our employees, we continue to gain market share and improve our results despite the challenging economic conditions we face, and for their efforts, I am sincerely appreciative."
News For BLDR From The Last 14 Days
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April 23, 2015
17:06 EDTBLDRBuilders FirstSource reports Q1 adjusted EPS (2c), consensus (1c)
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April 15, 2015
10:00 EDTBLDROn The Fly: Analyst Downgrade Summary
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10:00 EDTBLDROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
08:49 EDTBLDRBuilders FirstSource downgraded to Hold from Buy at Gabelli
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06:13 EDTBLDRBuilders FirstSource upgraded to Buy from Neutral at Sterne Agee
April 14, 2015
10:01 EDTBLDROn The Fly: Analyst Upgrade Summary
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09:54 EDTBLDRBuilders FirstSource trades up sharply, levels to watch
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09:13 EDTBLDROn The Fly: Pre-market Movers.
UP AFTER EARNINGS: JPMorgan Chase (JPM), up 1%... Johnson & Johnson (JNJ), up marginally... Triangle Petroleum (TPLM), up 4.2%... Fastenal (FAST), up 5%. ALSO HIGHER: Brainstorm Cell Therapeutics (BCLI), up 13.5% after announcing that it will present NurOwn Phase 2a clinical data at the Academy of Neurology annual meeting... Builders FirstSource (BLDR), up 7.2% after being upgraded to Buy from Hold at Stifel... Solazyme (SZYM), up 7.5% after announcing a strategic agreement with Flotek (FTK)... Cleveland BioLabs (CBLI), up 6.8% after receiving funding recommendation from the Department of Defense... Nordic American Tanker (NAT), up 3.2% after raising quarterly dividend to 38c from 22c... Ocwen (OCN), up 3.8% after reporting preliminary fiscal 2014 results. DOWN AFTER EARNINGS: Wells Fargo (WFC), down just under 1%. ALSO LOWER: Norfolk Southern (NSC), down 5.8% after being downgraded to Hold from Buy at TD Securities... RXi Pharmaceuticals (RXII), down 14.3% after filing to sell $20M of common stock and warrants... Arrowhead Research (ARWR), down 4.5% after being downgraded to Hold from Buy at Jefferies.
07:05 EDTBLDRBuilders FirstSource upgraded after acquisition at Stifel
As noted earlier, Stifel upgraded Builders FirstSource to Buy from Hold. The firm estimates that the company's planned acquisition of building products distributor ProBuild increases its EBITDA potential to as much as $500M in 2017 from the current $120M range. The firm says the transaction is positive, assuming that $100M+ of cost savings are generated and housing construction activity increases. Target $20.
06:41 EDTBLDRBuilders FirstSource upgraded to Buy from Hold at Stifel
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