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May 18, 2014
17:42 EDTAVPAvon Products shares look compelling, Barron's says
Avon Products shares are around the same price they were in the late 1990s and look compelling. Patient investors should consider the stock, Barron's contends in a feature article. Bulls see the stock climbing to the low $20s in a couple of years, the paper adds. Reference Link
News For AVP From The Last 14 Days
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January 27, 2015
10:48 EDTAVPOptions with increasing implied volatility: PPC KATE AVP
05:51 EDTAVPStocks with implied volatility movement; AMD AVP
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January 26, 2015
10:50 EDTAVPOptions with increasing implied volatility: HLSS KATE AVP
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10:01 EDTAVPAnalyst says Avon Products could get $14/share in LBO, La Republica reports
After dealReporter previously reported that Avon Products had held talks with private equity firm TPG Capital, Linda Bolton Weiser of research firm B. Riley estimated that the stock could be worth $14 per share to a private equity buyer, according to La Republica. Reference Link
06:12 EDTAVPPrivate equity firm 'seriously' considered buying Herbalife, NY Post reports
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January 23, 2015
16:55 EDTAVPMarket 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.
12:33 EDTAVPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Nasdaq leading and the Dow lagging. The futures dipped this morning after UPS (UPS) pre-announced that its quarterly earnings would miss Street estimates. The earnings miss dragged other transportation names lower. ECONOMIC EVENTS: In the U.S., Markit's preliminary January manufacturing PMI fell to 53.7 from 53.9 previously, versus expectations for a reading of 54.0. Existing home sales rebounded 2.4% to a 5.04M rate in December, which was below the consensus forecast for a 3% increase. The leading indicators rose 0.5% to 121.1 in December, topping expectations for a rise of 0.4%. COMPANY NEWS: Shares of UPS plunged over 9% after the shipping giant warned that its Q4 adjusted EPS is now expected to be $1.25, below the consensus forecast of $1.47. "UPS invested heavily to ensure we would provide excellent service during peak when deliveries more than double. Though customers enjoyed high quality service, it came at a cost to UPS. Going forward, we will reduce operating costs and implement new pricing strategies during peak season,” said CEO David Abney. Subsequently, its peer, FedEx (FDX), reaffirmed its FY15 EPS forecast of $8.50-$9.00. The outlook compares to a consensus forecast of $8.97. FedEx shares, which were briefly halted for the announcement, are down 2% afterward... Shares of McDonald’s (MCD) slid about 1% near noon after its earnings miss, though the world’s largest restaurant chain's same-store sales declined less than analysts expected. Same-store sales in the company's fiscal fourth quarter declined 0.9%, versus the Consensus Metrix analysts' estimate for a 1.5% drop. Of note, McDonald’s U.S. same-store sales had their first monthly gain in more than a year in December, having risen 0.4%. MAJOR MOVERS: Among the notable gainers was Starbucks (SBUX), which rose 6.5% and had several research firms issue upbeat notes after the company reported in-line results last night. At least three firms responded to the report by raising their price targets on the shares. Also higher was Array BioPharma (ARRY), which jumped 38% after announcing that it has reached a definitive agreement with Novartis (NVS) to acquire worldwide rights to encorafenib, a BRAF inhibitor currently in Phase 3 development. Among the noteworthy losers was Avon Products (AVP), which dropped 11% after Wells Fargo downgraded the stock to Market Perform from Outperform after shares rallied yesterday over 14% following a report that the company has held talks with TPG Capital about a possible deal. Wells says it leveraged buyout math suggests a takeout of the entire company is unlikely. Also lower was DreamWorks Animation (DWA), which fell 9% after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and cut about 500 jobs. INDEXES: Near midday, the Dow was down 42.58, or 0.24%, to 17,771.40, the Nasdaq was up 9.68, or 0.2%, to 4,760.08, and the S&P 500 was down 3.40, or 0.16%, to 2,059.75.
10:02 EDTAVPOn the Fly: Analyst Downgrade Summary
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08:27 EDTAVPAvon 'cheapest' personal-goods target for PE firms, Bloomberg says
Following a dealReporter story yesterday that said Avon Products had held talks with private equity firm TPG Capital, Bloomberg's "Real M&A" column called Avon the "cheapest" personal-goods company that such firms could target and noted that Joshua Strauss of Pekin Singer Strauss Asset Management believes a buyout makes sense. Reference Link
06:47 EDTAVPWells Fargo says Avon buyout unlikely, downgrades to neutral
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06:46 EDTAVPAvon Products downgraded to Market Perform from Outperform at Wells Fargo
05:48 EDTAVPStocks with implied volatility movement; AVP FXCM
Stocks with implied volatility movement; Avon Products (AVP) 91, FXCM (FXCM) 194 according to iVolatility.
January 22, 2015
16:27 EDTAVPOn The Fly: Closing Wrap
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16:00 EDTAVPOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
13:29 EDTAVPAvon Products jumps after report of talks with private equity firm
Shares of Avon Products (AVP) are rising in afternoon trading after dealReporter said the company has been holding talks with private equity firm TPG Capital, citing industry sources. Avon canceled out of the Consumer Analyst Group of New York conference coming up in February, according to Bloomberg. Conference cancellations often lead investors to speculate whether a company is engaged in merger or acquisition talks. TPG declined to comment and Avon did not immediately respond to Bloomberg's request for a comment, the news service added. Avon shares are up 14.4% to $8.65 in afternoon trading following the report.
13:16 EDTAVPAvon Products calls active on discussions with TPG Capital report
Avon Products January weekly 7 and 8 calls are active on total call volume of 9,600 contracts (700 puts) on the company has been in discussions with TPG Capital, dealReporter says. January weekly call option implied volatlity is at 188, February is at 69; compared to its 26-week average of 39 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
13:12 EDTAVPAvon Products up 15% after rumors of discussions with TPG Capital
13:05 EDTAVPAvon Products has been in discussions with TPG Capital, dealReporter says
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13:03 EDTAVPAvon Products moves up on comments by dealReporter
January 20, 2015
06:09 EDTAVPAvon Products implied volatility of 76 at upper end of index mean range
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