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Stock Market & Financial Investment News

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December 6, 2012
08:08 EDTDD, DE, MON, BG, ADM, MOS, ANDE, CF, IPI, SYT, CNH, AGU, CMP, POT, CPOMississippi levels continue to threaten agricultural shipments, FT says
Falling Mississippi water levels threaten to close the river to navigation and the president of marine operations for commodity trader Cargill said vessels being loaded on the coast were already running at greatly reduced capacity, reported Financial Times. Navigation could come to a halt altogether by December 22 if water levels keep falling and Cargill estimates "about $7B worth of products" would be stuck if that happens. Reference Link
News For ADM;CPO;SYT;BG;POT;IPI;MON;CMP;CF;DE;AGU;ANDE;DD;CNH;MOS From The Last 14 Days
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February 3, 2016
05:43 EDTSYTSyngenta: 2016 focus will be on profitability in challenging market conditions
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05:41 EDTSYTSyngenta reports FY15 sales $13.41B vs. $15.13B last year
Reports FY15 operating income $1.84B vs. $2.11B last year. Reports FY15 net income $1.34B vs. $1.62B last year. Reports FY15 EBITDA $2.78B vs. $2.93B last year. Reports FY15 EPS $17.78 vs. $19.42 last year. Syngenta CEO John Ramsay commented, "Over the last two years we have been dealing not only with low crop prices but also with emerging market instability and massive movements in currencies. Our ability to navigate our way through these headwinds was notably evident in 2015, when exchange rates reduced our full year sales by $1.8 billion - and yet the impact on EBITDA was contained at just $100 million. The latest currency challenge has been the rapid devaluation of the Brazilian Real, which accelerated during the summer, just as the planting season was getting underway."
05:33 EDTSYTChemChina offers to acquire Syngenta at value over $43B
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05:30 EDTSYTChemChina offers to acquire Syngenta at value over $43B
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February 2, 2016
16:23 EDTDDOn The Fly: Top stock stories for Tuesday
Stocks began the session in negative territory and remained there throughout the entire session. The early weakness was attributed to oil prices, which were down early and never recovered during the day. The losses of more than 5% brings the loss over the past two days to more than 10%, pushing WTI crude back below $30 a barrel and squashing equities in the process. Any hope that oil prices would de-couple from stock prices will have to wait another day as the two continue to move in lockstep with each other. Even a solid earnings report from tech bellwether Alphabet (GOOG) could not help the market. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 1.3% to $780.91 after its better than expected quarterly results were followed by analysts around Wall Street hiking their price targets for shares, including Deutsche Bank analyst Ross Sandler, who raised his target on the parent of Google to $1,080 from $900... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.2% to $74.61 amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8.5% to $29.02 in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Ford (F) shares fell 4.6% after the company reporting that its U.S. sales declined 3% last month versus a year ago. Peer General Motors (GM) slid 1.5% after reporting that its U.S. sales grew 0.5% in January... Dow Chemical (DOW) jumped 5.75% to $45.03 after posting better than expected earnings and revenue. Of note, Dow CEO Andrew Liveris said he plans to transition out of the company when it completes its planned merger with DuPont (DD). MAJOR MOVERS: Among the notable gainers were Michael Kors (KORS) and Mattel (MAT), which rose nearly 24% and almost 14%, respectively, following their earnings reports. Also higher was Pacific Biosciences (PACB), which jumped 24% to $12.67 after Reuters said Roche (RHHBY) has recently approached the company to discuss a potential acquisition. Among the noteworthy losers following earnings were Integrated Device (IDTI), which fell 26.8%, ADT (ADT), which dropped 15.7%, and Royal Caribbean (RCL), which declined 15.2%. INDEXES: The Dow fell 295.64, or 1.8%, to 16,153.54, the Nasdaq lost 103.42, or 2.24%, to 4,516.95, and the S&P 500 declined 36.35, or 1.87%, to 1,903.03.
13:44 EDTSYTChemChina considering delisting Syngenta after takeover, Bloomberg says
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12:21 EDTANDEAndersons amends employment agreement with COO Harold Reed
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12:03 EDTSYTOn The Fly: Top stock stories at midday
Wall Street began the session in negative territory and the averages have remained there throughout the day as oil once again weighs on stocks. The price of oil has slid another 4%, giving the commodity a roughly 10% loss over the past two trading sessions. The market's late day rally yesterday gave hope for a decoupling between equities and oil prices, but that appears to be a one day reprieve as the stocks are back in lock-step with crude prices. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 5% in the wake of its report of better than expected quarterly earnings and revenue, pushing Google's parent company to overtake Apple (AAPL) as the world's most valuable publicly-traded company in the process... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.5% amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8% in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Pfizer (PFE) reported better than expected fourth quarter results, but forecast 2016 revenue and earnings below analysts' estimates, pushing its shares down fractionally. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 4.5% after Bloomberg reported that ChemChina was close to a deal to buy the company for nearly $43B. Also higher were Mattel (MAT), Michael Kors (KORS), and Fabrinet (FN), which gained 12%, 22%, and 12.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Twitter (TWTR), which fell 8% after it was downgraded to Sell at Stifel and following a report claimed that tweets on the service are down 50% from their peak. Also lower were AGCO (AGCO), Harris (HRS), and Pitney Bowes (PBI), which were down 10%, 9.5%, and 11%, respectively, after reporting quarterly earnings. In addition, Ford (F) and General Motors (GM) lost 4% and 3.6%, respectively, after reporting U.S. sales for the month of January. INDEXES: Near midday, the Dow was down 239.86, or 1.46%, to 16,209.32, the Nasdaq was down 64.83, or 1.4%, to 4,555.54, and the S&P 500 was down 27.87, or 1.44%, to 1,911.51.
10:20 EDTADMArcher Daniels to acquire controlling stake in Harvest Innovations
Archer Daniels Midland said it has reached an agreement to purchase a controlling stake in Harvest Innovations, a company involved in minimally processed, expeller-pressed soy proteins, oils and gluten-free ingredients. Harvest Innovations uses expeller pressing to turn grains, legumes and oilseeds into minimally-processed, non-GMO, organic, gluten-free ingredients. Harvest Innovations is based in Indianola, Iowa, and has a second processing facility in Deshler, Ohio. ADM anticipates closing the transaction, which is subject to regulatory approval, in the coming months.
10:02 EDTADMArcher Daniels falls sharply after earnings
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09:52 EDTADMArcher Daniels says 'couple hundred million' in 2016 budget for bolt-on M&A
Archer Daniels said that for 2016 it is budgeting for CapEx around $1B, adding that it "always" has a "little bit" reserved for potential bolt-on acquisitions, "probably a couple hundred million dollars." In terms of divestments, executives said the company has "achieved a lot already in terms of divestitures" and is "not planning for a large divestitures number" in 2016.
09:29 EDTADMArcher Daniels sees 2016 environment similar to second half of 2015
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09:28 EDTADMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Michael Kors (KORS), up 17.3%... Mattel (MAT), up 6.9%... Mallinckrodt (MNK), up 4.3%... Alphabet (GOOGL), up 5%... Dow Chemical (DOW), up 3%... UPS (UPS), up 2.3%. ALSO HIGHER: Netflix (NFLX), up 1.1% after being upgraded to Overweight from Neutral at Piper Jaffray... Hansen Medical (HNSN), up 18.8% after announcing FDA clearance of Magellan Robotic Catheter eKit. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 20%... BP (BP), down 8.5%... Royal Caribbean (RCL), down 7%... Waddell & Reed (WDR), down 5.5%... Archer Daniels Midland (ADM), down 5.5%. ALSO LOWER: Twitter (TWTR), down after being downgraded to Sell from Hold at Stifel... American Campus (ACC), down 1.1% after 15.6M share Spot Secondary priced at $41.25... Horsehead (ZINC), down 47.6% after filing for Chapter 11 protection in Delaware.
09:15 EDTADMArcher Daniels says 'prudent' spending kept capex near low end of guidance
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07:28 EDTSYTChemChina close to deal to acquire Syngenta for $43B, Bloomberg reports
ChemChina is close to a deal to buy Syngenta for $42.8B, Bloomberg reports, citing sources. Reference Link
07:07 EDTADMArcher Daniels says adverse market conditions continued in Q4
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07:06 EDTADMArcher Daniels raises dividend 7% to 30c per share
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07:05 EDTADMArcher Daniels reports Q4 adjusted EPS 61c, consensus 64c
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February 1, 2016
17:25 EDTADM3M elects two new board members
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14:48 EDTADMArcher Daniels volatility elevated into Q4 and outlook
Archer Daniels February weekly call option implied volatility is at 65, February is at 40, March is at 45; compared to its 52-week range of 14 to 39, suggesting large near term price movement into the expected release of Q4 results on February 2.
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