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Stock Market & Financial Investment News

News Breaks
January 15, 2013
08:25 EDTEVR, TCO, PG, NKE, AAThe Brookings Institution to host a forum on manufacturingNewPage Taubman Centers
Brookings holds a discussion entitled, "Fostering Growth Through Innovation" which addresses U.S. manufacturing and government performance. Managing Director Barton of McKinsey & Co., CEO Kleinfeld of Aloca, CEO McDonald of Procter & Gamble, CEO Schlosstein of Evercore Partners, Chairman Knight of Nike, CEO Taubman of Taubman Centers participate in the forum being held in Washington, D.C. on January 15 at 9 am. Webcast Link
News For AA;PG;EVR;NKE;TCO From The Last 14 Days
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January 27, 2015
08:55 EDTPGP&G sees improving manufacturing efficiency by at least 6% again this year
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08:50 EDTPGProcter & Gamble sees significantly exceeding $10B cost-cut plan
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08:37 EDTPGP&G says steady progress on transformation not fast enough to offset fx in Q2
"The October - December 2014 quarter was a challenging one with unprecedented currency devaluations. Virtually every currency in the world devalued versus the U.S. dollar, with the Russian Ruble leading the way. While we continue to make steady progress on the strategic transformation of the company - which focuses P&G on about a dozen core categories and 70 to 80 brands, on leading brand growth, on accelerating meaningful product innovation and increasing productivity savings - the considerable business portfolio, product innovation, and productivity progress was not enough to overcome foreign exchange. The outlook for the year will remain challenging. Foreign exchange will reduce fiscal 2015 sales by 5% and net earnings by 12%, or at least $1.4B after tax. We have and will continue to offset as much of this currency impact as we can through productivity driven cost savings," said CEO A.G. Lafley.
07:58 EDTPGFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
07:17 EDTPGProcter & Gamble down 1.2% after warning on negative forex impact to 2H results
07:15 EDTPGProcter & Gamble sees significant negative sales, EPS impact in 2H from forex
P&G net sales growth is now expected to be lower versus the prior fiscal year in the range of -3% to -4%, including a negative five point headwind from foreign exchange and a one point impact from minor brand divestitures. Including currency impacts, Core EPS is now expected to be in the range of in-line to down low-single digits versus prior year Core EPS of $4.09. All-in GAAP diluted net earnings per share are now expected to be down in the mid-teens range versus the prior year. Consensus for FY15 EPS/revenue $4.15/$79.13B.
07:14 EDTPGProcter & Gamble backs FY15 organic sales, currency-neutral core EPS outlook
P&G maintained its organic sales growth and currency-neutral core earnings per share growth guidance ranges for fiscal year 2015, but the company expects significant negative sales and earnings impacts from foreign exchange in the second half of its fiscal year. The company maintained its guidance for organic sales growth in the low-to-mid single digit range. Net sales growth is now expected to be lower versus the prior fiscal year in the range of -3% to -4%, including a negative five point headwind from foreign exchange and a one point impact from minor brand divestitures. P&G maintained its outlook for currency-neutral core earnings per share growth in the double-digits. Including currency impacts, Core EPS is now expected to be in the range of in-line to down low-single digits versus prior year Core EPS of $4.09. All-in GAAP diluted net earnings per share are now expected to be down in the mid-teens range versus the prior year. This includes approximately 67c per share of non-core charges, primarily from 20c per share of non-core restructuring charges and 58c of impairment charges, which are partially offset by approximately 14c of earnings from discontinued Batteries and Pet Care operations.
07:03 EDTPGProcter & Gamble reports Q2 core EPS $1.06, consensus $1.13
Reports Q2 revenue $20.16B, consensus $20.62B. Organic sales grew 2% for the quarter.
January 26, 2015
15:40 EDTPGNotable companies reporting before tomorrow's open
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15:35 EDTPGProcter & Gamble January weekly 89 straddle priced for 2.4% movement into Q2
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14:04 EDTPGProcter & Gamble technical comments before earnings
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January 23, 2015
16:55 EDTEVRMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
13:12 EDTAAJPMorgan Chase reports 5.6% passive stake in Alcoa
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12:39 EDTNKElululemon rises after JPMorgan analyst says EPS can more than double
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09:36 EDTAAActive equity options trading
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08:18 EDTPGProcter & Gamble added to US Focus List at Credit Suisse
Credit Suisse added Procter & Gamble (PG) to the US Focus LIst and removed Colgate-Palmolive (CL), Chevron (CVX) and Williams (WMB).
06:36 EDTNKElululemon upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).
January 22, 2015
14:52 EDTEVREvercore says Samsung not a recent client, BBN reports
Evercore (EVR) tells BNN that Samsung (SSNLF) has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord," said BNN's Amber Kanwar on Twitter. Reference Link
14:28 EDTPGProcter & Gamble volatility elevated into Q2 and outlook
Procter & Gamble January weekly call option implied volatility is at 20, February is at 14, March is at 12; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 27.
January 21, 2015
12:35 EDTPGProcter & Gamble's David Taylor likely candidate to succeed CEO, Fortune says
After a recent promotion to lead the beauty business at Proctor & Gamble by CEO A.G. Lafley, David Taylor, who currently runs the global health and grooming business division, now running two of the four business units, appears as the lead candidate to succeed CEO Lafley when he retires from the company, Fortune reports. Reference Link
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