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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:59 EDTGGC, LYB, BASFY, MEOH, ASH, EMN, HUN, CE, WLK, DOW, DDBarclays to host a conference
Chemical Experts Conference is being held in New York on January 16.
News For BASFY;DOW;EMN;LYB;WLK;ASH;GGC;CE;MEOH;DD;HUN From The Last 14 Days
Check below for free stories on BASFY;DOW;EMN;LYB;WLK;ASH;GGC;CE;MEOH;DD;HUN the last two weeks.
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June 18, 2013
13:55 EDTDDDuPont outlook still positive, says Argus
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07:27 EDTLYBBofA/Merrill to host a conference
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06:43 EDTDDWhite House says president would veto House farm bill, Politico reports
The White House warned yesterday that President Obama would veto the farm bill that the House is considering, according to Politico. The White House objects to cuts in food stamps in the bill, and wants to cut crop insurance subsidies instead, the website stated. Reference Link
June 17, 2013
16:47 EDTCEMRC Global awarded PVF contract by Celanese
MRC Global (MRC) has been awarded a global contract to supply and distribute pipe, valve and fitting needs for Celanese (CE). The 5-year contract covers all of Celanese's global manufacturing operations, including pipes, valves and fittings for MRO.
10:53 EDTLYBLyondellBasell files automatic mixed securities shelf
07:35 EDTDOWDow Chemical says main project financing completed for Sadara
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07:15 EDTASHAshland, UPM to collaborate on R&D of UPM Biofibrils technology
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June 16, 2013
11:36 EDTEMNEastman Chemical could rise over 35%, Barron's reports
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June 14, 2013
14:38 EDTDDMarket poised to end week lower amid worries about Fed, Asia
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10:10 EDTDDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
08:23 EDTLYB, DOW, BASFYEurope's petrochem industry threatened by U.S. plastics from gas, Reuters says
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07:21 EDTDDClinton Global Initiative to host to host a meeting
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07:18 EDTEMNDeutsche Bank to host a conference
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06:32 EDTDDDuPont downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded DuPont due to lack of near-term catalysts, valuation, recent Ag headwinds, and back-end loaded earnings. Price target is $56.
06:03 EDTDDStocks with implied volatility movement; DD BKS
Stocks with implied volatility movement; DuPont (DD), Barnes & Noble (BKS) according to IVolatility.
June 13, 2013
12:35 EDTDDOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after retail sales rose more than expected in May and first-time unemployment applications fell last week. The market, which suffered its first three day losing streak of 2013 with its lower close yesterday, is looking to avoid a fourth straight down day. ECONOMIC EVENTS: In the U.S., retail sales rose 0.6% in May, versus the expected increase of 0.4%. Initial jobless claims fell 12K to 334K in the week ended June 8, versus expectations for 346K claims. Business inventories rose 0.3% in April, matching expectations. In Asia, Japan's Nikkei stock index fell 6.25% last night as it continued its volatile trading and pullback from recent record highs... COMPANY NEWS: Shares of DuPont (DD) slid 1% after the company provided second quarter earnings per share guidance that was below analysts' expectations and said it now expects full-year earnings to be at the low end of its previous $3.85-$4.05 guidance... The Supreme Court unanimously ruled that human genes isolated from the body can't be patented, but also said that DNA molecules synthesized in a laboratory can be patent protected, sending shares of Myriad Genetics (MYGN) up 10%... Shares of cosmetics and fragrance giant Coty (COTY) slipped in their first day of trading on the New York Stock Exchange following their initial public offering. MAJOR MOVERS: Among the notable gainers were Belo (BLC) and Gannett (GCI), which both rose after the companies agreed to merge. Gannett agreed to buy Belo for $13.75 per share in cash, or approximately $1.5B, plus assume $715M in existing debt in a deal that the company sees adding to its non-GAAP earnings per share by approximately 50c within the first 12 months. Belo surged 27% after the announcement, while Gannett jumped 26%. Among the noteworthy losers was Elan (ELN), which fell nearly 3% after Royalty Pharma says one of Elan's shareholder proposals looks set to pass and that could force Royalty's takeover offer to be withdrawn next week. Also lower were shares of Williams (WMB), which dropped 1% after an explosion occurred within an olefins plant owned by the company. INDICES: Near noon, the Dow was up 50.42, or 0.34%, to 15,045.65; the Nasdaq was up 13.78, or 0.41%, to 3,414.21; and the S&P 500 was up 6.54, or 0.41%, to 1,619.06.
10:14 EDTDD, DOW, ASH, HUNChemical makers mixed after DuPont trims guidance
Shares of chemical makers are mixed after one of the companies in the sector, DuPont (DD), provided lower than expected second quarter guidance. WHAT'S NEW: DuPont provided second quarter earnings per share guidance that was below analysts' expectations. The company explained that its agriculture and nutrition and health units had been hurt by unseasonably cool, wet weather in North America and Europe. DuPont now expects its fiscal 2013 earning per share to be at the low end of its previous guidance range of $3.85-$4.05, the company said. PRICE ACTION: In mid-morning trading, DuPont lost 0.4% to $54. OTHERS TO WATCH: Dow Chemical (DOW) was flat at $33.75, Huntsman (HUN) rose 1% to $18 and Ashland (ASH) added 0.2% to $85.67.
09:55 EDTDDDuPont slips lower after reducing guidance, levels to watch
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09:30 EDTDDClinton Global Initiative to host to host a meeting
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09:05 EDTDDOn The Fly: Pre-market Movers
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