International stock news

Rss Today on Proactive AU

2015-04-27

Miners drive ASX higher, while this biotech rallied after milestone

 
The Australian stock market powered ahead at the open, with iron ore, gold and energy stocks leading the charge.MARKET ACTION: This biotech stock added over 6% after a milestone.
FULL ARTICLE

 

Rss Today on Proactive UK

2015-04-27

Broker spotlight, including Travis Perkins,Talk Talk, Rotork and SuperGroup

 
The weekend DIYer may be a rarer breed these days but that isn't stopping the building trade in general making progress, if JP Morgan's upgrade to Travis Perkins (LON:TPK) is anything to go by. It shunts the target price on the shares up to 2,300p from 2,100p before. The rating is "overweight". The broker said the bears have been saying the construction market may slow pre- general election or see aggressive action from the competition. "However, trading year to date suggests neither is happening; the market remains robust and the group continues to take share. Management has reiterated FY revenue guidance. The group remains committed to its expansion plans and is unconcerned by competitor rollout of similar formats," said analyst Emily Biddulph. Also in broker land today, telecoms group Talk Talk (LON:TALK) gets a thumbs up from Credit Suisee, which raises the share price target to 425p from 300p. The rating is a repeated 'overweight'. It reckons the firm will exceed its revenue growth guidance (driven by fibre, TV and mobile subscriber growth) and therefore get close to its implied full year March 2017 underlying earnings target of £475mln. The broker forecasts £465mln - 14% ahead of consensus. Conversely, the same broker is downbeat on global equipment giant Rotork (LON:ROR), cutting the price target to 2,315p from 2,535p, saying oil and gas headwinds are building. It has reduced its group 2015 EBITA forecasts by 4% to £148mln. US broker Jefferies has also taken a red pen to the shares - cutting them to 2340p. Fashion chain SuperGroup (LON:SGP) has been given a boost in the form of an upgrade from RBC Capital. It raises the rating on the shares to 'outperform' from 'sector perform' and advances the target to 1,150p from 1,000p.
FULL ARTICLE

 

Rss Today on Proactive US

2015-04-25

Wall Street extends gains buoyed by Amazon, Microsofit; Nasdaq hits 15-year high

 
U.S. stocks stretched gains, with Nasdaq touching a 15-year high, as Google, Microsoft, and Amazon surged after reporting results. The S&P 500 (INDEXSP:.INX) rose 0.3 percent to 2,118 at 3:43 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) inched up 0.2 percent to 18,086. The Nasdaq Composite (INDEXNASDAQ:.IXIC) advanced 0.7 percent to 5,093.
FULL ARTICLE