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Stock Market & Financial Investment News

News Breaks
June 25, 2014
20:25 EDTACN, ACN, CAG, CAG, MKC, MKC, LEN, LEN, SCS, SCSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.21; ConAgra Foods (CAG), consensus 55c; McCormick & Company (MKC), consensus 62c; Lennar (LEN), consensus 51c; and Steelcase (SCS), consensus 16c.
News For ACN;CAG;MKC;LEN;SCS From The Last 14 Days
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September 2, 2015
08:06 EDTACNAccenture makes minority investment in SOASTA
Accenture and SOASTA, a company involved in performance analytics, are forming an alliance to provide faster and more reliable digital performance management solutions to clients. In addition, Accenture has made a minority investment in SOASTA. Terms of Accenture's investment were not disclosed.
September 1, 2015
10:05 EDTMKCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8point3 Energy (CAFD) initiated with an Equal Weight at Barclays... AMAG Pharmaceuticals (AMAG) initiated with an Outperform at Raymond James... Acadia (ACHC) initiated with an Outperform at Leerink... Acorda Therapeutics (ACOR) initiated with a Market Perform at Raymond James... Alexion (ALXN) initiated with a Strong Buy at Raymond James... Amedisys (AMED) initiated with an Outperform at Wells Fargo... Amgen (AMGN) initiated with a Market Perform at Raymond James... Amplify Snack Brands (BETR) initiated with a Neutral at Credit Suisse... BioMarin (BMRN) initiated with an Outperform at Raymond James... Biogen (BIIB) initiated with a Strong Buy at Raymond James... Celgene (CELG) initiated with a Strong Buy at Raymond James... CoreLogic (CLGX) initiated with a Neutral at SunTrust... Digi International (DGII) initiated with an Overweight at Stephens... First Solar (FSLR) initiated with an Overweight at Barclays... LHC Group (LHCG) initiated with an Outperform at Wells Fargo... Lancaster Colony (LANC) initiated with a Buy at BB&T... McCormick (MKC) initiated with a Buy at BB&T... NephroGenex (NRX) initiated with a Buy at H.C. Wainwright... Omega Protein (OME) initiated with a Hold at BB&T... Preferred Apartment (APTS) initiated with an Outperform at FBR Capital... Qorvo (QRVO) initiated with an Outperform at CLSA... Regeneron (REGN) initiated with an Outperform at Raymond James... Skyworks (SWKS) initiated with an Outperform at CLSA... SunPower (SPWR) initiated with an Equal Weight at Barclays... TESARO (TSRO) initiated with a Strong Buy at Raymond James... Ultragenyx (RARE) initiated with an Outperform at Raymond James... VEREIT (VER) initiated with a Buy at Goldman... Westmoreland (WLB) initiated with an Outperform at BMO Capital.
08:34 EDTACNAccenture launches Intelligent Patient Platform
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06:57 EDTMKCMcCormick initiated with a Buy at BB&T
Target $99.
August 31, 2015
09:53 EDTCAGConAgra October volatility elevated into Q1 and outlook
ConAgra September call option implied volatility is at 28, October is at 30; compared to its 52-week range of 15 to 34, suggesting large October price movement into the expected release of Q1 results on September 22.
08:59 EDTCAGPotential TreeHouse deal would boost EPS by 30%, says SunTrust
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August 28, 2015
16:11 EDTACNAccenture acquires AD.Dialeto, terms not disclosed
Accenture has acquired AD.Dialeto, an independent Brazilian digital agency, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital. As a result of the acquisition, Accenture will enhance its ability to serve clients in the growing Latin American market with digital marketing and commerce services that help maximize a return-on-investment of their digital programs. Terms of the transaction were not disclosed.
August 27, 2015
08:05 EDTACNAECOM names Mary Finch as Chief Human Resources Officer
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August 26, 2015
08:06 EDTACNLiberty Bank chooses Accenture for loan origination technology
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August 25, 2015
13:00 EDTLENToll Brothers lags market rebound after reporting Q3 results
Shares of luxury home builder Toll Brothers (TOL) are trading lower after reporting third quarter profit and revenue that were lower than last year's Q3 results. WHAT'S NEW: Toll Brothers this morning reported Q3 earnings per share of 36c, well below the 53c the company reported in the year-ago quarter. Revenue for the quarter of $1.03B and deliveries of 1,419 units declined 3% in dollars and 2% in units from the year-ago level, while impairments rose to $18M from $6M in the year-ago quarter. Analysts were expecting Toll Brothers to report Q3 EPS of 49c on revenue of $1.05B. The company said that the average price of homes delivered was $724,000, compared to $732,000 in 3Q14. Looking ahead, Toll Brothers forecast fourth quarter deliveries of 1,645-1,945 units priced between $780,000-$800,000. The company also lowered the top end of its 2015 home deliveries forecast, and now sees deliveries of 5,350-5,650 homes compared to its prior forecast of 5,300-5,900 homes. Separately, The Commerce Department reported new home sales for July were up 5.4% to an annual pace of 507,000, which fell within the range of expectations. WHAT'S NOTABLE: On quarterly earnings conference call, Toll Brothers said it still sees net income and gross margin growth in 2016. The company added that the housing recovery is built on a "very solid foundation." The steady acceleration the industry is experiencing bodes well for the health of housing market due to pent-up demand, increasing household formations and current industry-wide production, the company said. The home builder said that there is "significant room" for growth with increased profitability in fiscal year 2016 and beyond. Toll also said it sees further consolidation in the sector. OTHERS TO WATCH: Other companies in the home building space include Lennar Corporation (LEN) PulteGroup (PHM), Hovnanian Enterprises, (HOV) and Ryland Group (RYL). PRICE ACTION: Shares of Toll Brothers are down 0.5% to $37.87 amid a broader market advance.
August 23, 2015
19:56 EDTCAGTreeHouse in talks to buy ConAgra private label unit for $3B, NY Post says
TreeHouse Foods (THS) chairman and CEO Sam Reed privately told certain investors last week that the company is in talks to buy ConAgra's (CAG) Ralcorp private label food unit for roughly $3B, reports the New York Post, citing a source with inside knowledge. Post Holdings (POST) is also eyeing Ralcorp, sources told the publication. Reference Link
August 20, 2015
15:38 EDTMKCMcCormick sees incremental EBITDA of at least $10M from Stubb's purchase by 2017
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