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Stock Market & Financial Investment News

News Breaks
February 6, 2013
15:17 EDTTSO, ORLY, EFX, AIZ, ALL, SRCL, LNC, CINF, V, PRU, FMC, CBG, NWSACompanies reporting After the Market Close on Wednesday, February 6th
Notable companies reporting after the bell include Akamai (AKAM), Allstate (ALL), Assurant (AIZ), CBRE Group (CBG), Cincinnati Financial (CINF), Equifax (EFX), FMC Corporation (FMC), Lincoln National (LNC), News Corp. (NWSA), O'Reilly Automotive (ORLY), Prudential (PRU), Stericycle (SRCL), Tesoro (TSO) and Visa (V)
News For ALL;NWSA;V;AIZ;CBG;CINF;EFX;FMC;LNC;ORLY;PRU;SRCL;TSO From The Last 14 Days
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January 29, 2015
13:24 EDTVEarnings Preview: Analysts have mixed views on Visa ahead of results
Visa (V) is expected to report first quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.49 on revenue of $3.34B, according to First Call. The consensus range for EPS is $2.40-$2.58 on revenue of $3.26B-$3.44B. LAST QUARTER: Visa reported stronger than expected fourth quarter profit and revenue. Its payments' volume growth increased 12%, versus the same period a year earlier. Visa maintained its outlook for revenue gains in the low double percentage levels in fiscal 2015. Visa also authorized a new $5B share repurchase program. Visa CEO Charlie Scharf said that he believes that mobile payment platforms will significantly increase Visa’s growth, Reuters reported on October 30. STREET RESEARCH: Although Visa is facing significant foreign exchange headwinds and lower gas sales could cut its volumes in the near-term, its near-term fundamentals and long-term outlook remain encouraging, Oppenheimer wrote in a note to investors on January 23..Few companies have such “strong, defensible market positions” and upbeat long-term growth prospects, the firm contended. Oppenheimer left its 2015 and 2016 EPS estimates for Visa unchanged and kept an Outperform rating on the shares. Bernstein on January 26 raised its price target on Visa to $283 from $262, citing a number of positive trends, including margin expansion caused by a shift to online purchases that have higher margins,. Also likely to help Visa are higher global payments volumes due to more favorable to macro trends and market share, and the conversion of the Chase portfolio to Visa in the U.S., the firm contended. Online purchases have higher margins partly because they have a greater percentage of credit card versus debit transactions, and are more likely to be international transactions, the firm explained. Bernstein expects Visa to report in-line Q1 EPS, but it predicts that the company’s 2015 EPS guidance will beat expectations by 6c. The firm kept an Outperform rating on the stock. Less upbeat was Wells Fargo, which predicted that Visa would report weaker than expected results. Visa’s transaction growth was probably in-line with expectations, as retailers’ comments do not indicate that it will beat expectations, the firm believes. Meanwhile, foreign exchange fluctuations are likely to weigh on Visa’s results, making a significant earnings beat unlikely, Wells believes. It kept a Market Perform rating on the stock. PRICE ACTION: Visa's stock is up 14.5% over the last three months but down 6% year-to-date.
12:12 EDTVVisa January weekly volatility elevated into Q1 and outlook
Visa January weekly call option implied volatility is at 115, February is at 33, March is at 26; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on January 29.
07:26 EDTPRUIndependent Petroleum Association of America to hold a conference
Private Capital Conference is being held in Houston, Texas on January 29.
January 28, 2015
13:19 EDTNWSAPzena Investment reports 6.97% passive stake in News Corp.
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09:59 EDTTSOOn The Fly: Analyst Downgrade Summary
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06:48 EDTORLYBarclays expects O'Reilly Automotive to report results above guidance
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06:10 EDTTSOTesoro downgraded to Neutral from Buy at Citigroup
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January 27, 2015
11:38 EDTVVisa January weekly volatility elevated into Q1 and outlook
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10:00 EDTNWSAOn the Fly: Analyst Upgrade Summary
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08:10 EDTNWSANews Corp. upgraded on 'potential to awaken' at FBR Capital
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06:34 EDTNWSANews Corp. upgraded to Outperform from Market Perform at FBR Capital
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January 26, 2015
08:56 EDTVVisa price target raised to $283 from $262 at Bernstein
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January 22, 2015
10:03 EDTLNCOn the Fly: Analyst Downgrade Summary
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08:31 EDTAIZAssurant reschedules Q4 earnings conference call
Assurant announced the company is rescheduling the time of Q4 and full-year earnings conference call to 9 a.m. ET, Friday, February 13. The call time was updated to avoid overlap with a peer company’s earnings conference call.
08:04 EDTLNCLincoln National downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Lincoln National to Neutral from Buy. The firm cites unfavorable macro conditions and likely negative earnings revisions in the coming months for the downgrade. Price target is $56.
06:52 EDTLNCLincoln National downgraded to Neutral from Buy at BofA/Merrill
January 21, 2015
13:38 EDTVEarnings Preview: eBay shares rise over 5.5% since last earnings report
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09:46 EDTCBGBofA/Merrill property management analysts hold analyst/industry conference call
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05:50 EDTEFXFair Isaac upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded Fair Isaac to Overweight citing growth at Scores, software sales momentum and the company's continued buybacks. The firm raised its price target for shares to $85 from $65. Barclays coupled the upgrade with a downgrade of Dun & Bradstreet (DNB) to Underweight. It also keeps an Overweight rating on Equifax (EFX).
January 20, 2015
09:44 EDTVSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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