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October 25, 2012
05:55 EDTAON, AON, GT, GT, COL, COL, NWL, NWL, MCO, MCO, LYB, LYB, MRK, MRK, LM, LM, IPG, IPG, CVH, CVH, CMCSA, CMCSA, WY, WYCompanies reporting Before the Market Open on Friday, October 26
Notable companies reporting before the opening bell include Aon (AON), Comcast (CMCSA), Coventry Health Care (CVH), Interpublic Group of Companies (IPG), Legg Mason (LM), Merck & Co (MRK), LyondellBasell Industries (LYB), Moodys (MCO), Newell Rubbermaid (NWL), Rockwell Collins (COL), The Goodyear Tire & Rubber (GT) and Weyerhaeuser (WY).
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January 25, 2016
07:32 EDTCMCSATMC to hold a conference
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05:19 EDTMRKAffimed Therapeutics enters into collaboration with Merck
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January 24, 2016
20:21 EDTNWLOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) could announce a significant executive upheaval Monday, with several product heads said to depart and a new Chief Marketing Officer reportedly stepping in. 2. Johnson Controls (JCI) and Tyco (TYC) are in advanced merger talks, according to the Wall Street Journal. 3. Airbus (EADSY) and Boeing (BA) saw mentions on the heels of Iran's aviation summit as the country eyes big orders to modernize its aging fleet after a lifting of sanctions. 4. SunEdison (SUNE) is set to give David Einhorn's Greenlight Capital a seat on its board, the Wall Street Journal reported. 5. International Paper (IP), Newell (NWL) and Houghton Mifflin (HMHC) were discussed positively by Barron's this weekend, while Chipotle (CMG) was warned against.
17:55 EDTCMCSA'The Revenant' tops box office as 'Ride Along 2' sags
"The Revenant" clawed past "Ride Along 2" as this weekend's snow storm left several box office newcomers grasping for ticket sales. WEEKEND LEADER: Fox's (FOX, FOXA) "The Revenant" grossed $16M domestically for the weekend of January 24. The Leonardo DiCaprio-led survival Western was expected to take $19M-$21.6M, though results may have been dampened by the East Coast winter storm. BOX OFFICE RUNNERS-UP: Disney's (DIS) "Star Wars: The Force Awakens" earned $14.3M and now stands at $1.94B globally. Comcast (CMCSA, CMCSK) subsidiary Universal's "Ride Along 2" dipped to $13M against expectations for $18M-$18.7M, with critics and audiences generally lukewarm on the film despite its $34M open last weekend. Rounding out the weekend's top five were Lionsgate's (LGF) "Dirty Grandpa" and STX Entertainment's "The Boy," with the two newcomers debuting at a respective $11.5M and $11.3M.
12:33 EDTNWLNewell Rubbermaid could rise 20% to $45 in next year, Barron's says
Newell Rubbermaid (NWL) shares look like a "good deal" at recent levels and could gain 20% or more to $45 over the next year, Barron's contends in a feature article. The company's proposed acquisition of Jarden (JAH) could lift revenue and provide additional room for cost cuts, potentially doubling Newell shares in three to five years, the publication argues. Reference Link
January 22, 2016
16:22 EDTWYISS recommends Plum Creek Timber holders vote for transaction with Weyerhaeuser
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12:41 EDTCMCSABox Office Battle: 'The Revenant' expected to bump off 'Ride Along 2'
With weather emergencies already having been declared for New York City, Washington, D.C., Virginia, and Maryland with winter storm Jonas fast approaching on the East Coast, box office results could be seriously dampened this weekend. The Hollywood Reporter notes that the Northeast makes up about 20% of the overall domestic box office gross, with New York alone consisting of 7%-8%. Fox's (FOX, FOXA) survival story "The Revenant," starring Leonardo DiCaprio, is expected to take top place in its third weekend of wide release, with an estimated gross of $19M-$21.6M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Ride Along 2," starring Ice Cube and Kevin Hart, is expected to earn an additional $18M-$18.7M in its second weekend. Disney's (DIS) "Star Wars: The Force Awakens" is expected to add another $14.5M-$15.3M to its record breaking total. Lionsgate (LGF) road-trip comedy "Dirty Grandpa," starring Robert De Niro and Zac Efron, is expected to gross $10.5M-$12M in its first weekend of release. Sony's (SNE) young adult sci-fi adventure "The Fifth Wave," also opens this weekend and is expected to earn $8M-$11.8M. Other publicly traded companies involved in filmmaking include Time Warner (TWX) and Viacom (VIA, VIAB).
12:32 EDTCOLOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday as they bid for their first two-day winning streak in what feels like a very long time amid a very tough start to 2016. The morning's strength was attributed to a continued rebound in oil prices and the prospects for economic stimulus in Japan, China and Europe. Oil prices remain higher by roughly 7% near noon and are holding solidly above $31 per barrel. As the first major winter storm bears down on the East coast, investor participation may slow down during the afternoon hours. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast. In Europe, Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. In Asia, Japan's Nikkei average rallied nearly 6%, with part of the strength attributed to a Nikkei Asian Review stating that the Bank of Japan is taking a "serious look" at additional easing. COMPANY NEWS: Shares of American Express (AXP) sunk 12% after the company reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors, evidenced by Keefe Bruyette's downgrade of the stock as well as CNBC's David Faber reporting that ValueAct is no longer an American Express shareholder... Fellow Dow member GE (GE) slid 2% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) gained nearly 5% after reporting earnings that topped expectations, approving a quarterly dividend of 50c per share and a new share repurchase program of $10B and saying it plans to cut 10,000 more jobs. MAJOR MOVERS: Among the notable gainers was Golar LNG (GLNG), which rallied 41% after it signed a memorandum of understanding with Schlumberger to jointly market gas monetization solutions. Also higher was Canadian Pacific (CP), which gained 12% and was upgraded to Outperform from Sector Perform at RBC Capital following its quarterly results. In addition, Sprint (S) was 13% higher after saying it will release earnings on January 26, which was earlier than expected, and also after JPMorgan said that the company's 2016 cash burn fears are overdone. Among the noteworthy losers was Rockwell Collins (COL), which fell 3.5% after it reported quarterly earnings and issued fiscal 2016 EPS guidance. Also lower was Cardiovascular Systems (CSII), which dropped 33% and was downgraded to Underperform from Buy at Needham following its quarterly earnings report. INDEXES: Near midday, the Dow was up 131.77, or 0.83%, to 16,014.45, the Nasdaq was up 90.73, or 2.03%, to 4,562.79, and the S&P 500 was up 27.79, or 1.49%, to 1,896.78.
10:33 EDTLMLegg Mason management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco January 28-29 hosted by Jefferies.
10:00 EDTLMHigh option volume stocks
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08:11 EDTMRKMerck price target lowered to $58 from $67 at Leerink
Leerink analyst Seamus Fernandez lowered his price target for Merck (MRK) to $58 citing his expectation for Bristol-Myers (BMY) to remain the leader in the immuno-oncology market as well as a "harder to penetrate" hepatitis C virus market. Nonetheless, the analyst believes headwinds facing Januvia, Keytruda and the HCV franchise are reflected in Merck shares at current levels. Fernandez keeps a Market Perform rating on the name.
07:03 EDTLMLegg Mason: Q3 reflects challenging period for asset management firms
The company commented, "Our operating results for the quarter reflected a challenging period for asset management firms, and included a negative impact from a significant non-cash impairment charge. While quarterly long-term flows were negative in the aggregate, we generated another quarter of positive fixed income flows despite industry net outflows in active taxable fixed income. Equity flows remained challenged, consistent with industry trends, exacerbated by capital gains distributions and year-end tax selling... The uncertain outlook for markets, and our client's needs for a broad suite of investment solutions, makes it clear that we cannot risk standing still. Consequently, we have taken important steps to execute upon our strategy of becoming an increasingly diversified asset management firm in terms of investment expertise, products, vehicles and distribution channels to service evolving and diverse client needs."
07:02 EDTLMLegg Mason reports Q3 adjusted EPS $1.45, consensus 70c
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06:38 EDTLMLegg Mason announces combination of EnTrust Capital, Permal Group
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06:37 EDTLMLegg Mason announces strategic investment in Precidian Investments
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06:36 EDTLMLegg Mason acquires majority interest in Clarion Partners for $585M
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06:34 EDTCOLRockwell Collins raises FY16 to $5.45-$5.65 from $5.20-$5.40, consensus $5.40
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06:32 EDTCOLRockwell Collins reports Q1 Commercial Systems sales $562M
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06:31 EDTCOLRockwell Collins: Q1 was a slow start to FY16 plan
The company commented, "Our sales and earnings for Commercial Systems and Information Management Services were in line with expectations. However, our Government Systems sales were below our expectations due to the timing of certain orders and a supplier quality issue which impacted late-quarter deliveries of communications products. I expect these issues to be quickly resolved and we should recover the delays within the fiscal year, supporting our second-half growth plan in Government Systems."
06:31 EDTCOLRockwell Collins reports Q1 EPS cont ops $1.00, consensus $1.00
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