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Stock Market & Financial Investment News

News Breaks
July 30, 2014
06:37 EDTMO, BTI, VGR, PM, RAI, LOReport says tobacco tax regulation lost U.S. revenue, Reuters says
A report from the U.S. Government Accountability Office said that a 2009 regulation that increased federal taxes to dissuade smoking actually cost the government billions of dollars in bygone revenue as firms relabeled products and clients moved to less expensive pipe tobacco and big cigars, according to Reuters, citing the watchdog agency's comments in the report along with comments from Liggett Vector Brands CEO Ronald Bernstein. Liggett Vector Brands is a unit of Vector Group (VGR). Publicly traded companies in the tobacco industry include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI).
News For BTI;LO;PM;MO;RAI;VGR From The Last 14 Days
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February 11, 2016
07:11 EDTRAIReynolds American reports Q4 Domestic cigarette volumes up 33.6%
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07:10 EDTRAIReynolds American sees FY16 adjusted EPS $2.25-$2.35, consensus $2.34
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07:08 EDTRAIReynolds American raises quarterly dividend by 16.7%
The company announced board approval for a 16.7% increase in the quarterly cash dividend, to an annualized $1.68 per share, in line with RAI's target dividend payout ratio of 75%. The quarterly dividend will be payable on April 1, 2016, to shareholders of record on March 10, 2016.
07:07 EDTRAIReynolds American reports Q4 adjusted EPS 48c, consensus 50c
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February 10, 2016
14:32 EDTRAINotable companies reporting before tomorrow's open
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13:48 EDTMOAltria says Massachusetts jury rejects claims in medical monitoring trial
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February 8, 2016
07:39 EDTMODiverse set of companies planning layoffs, pulling back spending, WSJ says
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February 4, 2016
09:18 EDTPMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Glu Mobile (GLUU), up 21.9%... Solaredge Technologies (SEDG), up 11.2%... Cadence Design (CDNS), up 6.6%. ALSO HIGHER: VirnetX Holding (VHC), up 91.7% after the company won a $625.6M verdict in favor of in a patent infringement lawsuit against Apple (AAPL)... Viacom (VIAB), up 5.1% after CNBC's David Faber reported that sources said CEO Philippe Dauman is likely to be named Chairman despite objections from Shari Redstone. DOWN AFTER EARNINGS: GoPro (GPRO), down 16.4%... ConocoPhillips (COP), down 2.9%... Dunkin Brands (DNKN), down 2.1%... Philip Morris (PM), down 3.2%. ALSO LOWER: L Brands (LB), down 3.3% after providing Q4 guidance, reporting January Same-Store Sales were down 2%... MannKind (MNKD), down 8.1% after Piper Jaffray analyst Joshua Schimmer calls the company a penny stock with a mid-cap valuation.
07:03 EDTPMPhilip Morris sees FY16 EPS $4.25-$4.35, consensus $4.52
Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.60 for the full-year 2016, the reported diluted earnings per share range represents a projected increase of approximately 10% to 12% versus adjusted diluted earnings per share of $4.42 in 2015. This forecast does not include any share repurchases in 2016. The company will revisit the potential for repurchases as the year unfolds, depending on the currency environment. Estimates 2016 international cigarette volume, excluding the People's Republic of China and the U.S., to decline by approximately 2.0%-2.5%, in line with the estimated decline of 2.4% in 2015. CEO Andre Calantzopoulos said, "We enter 2016 with enhanced business fundamentals and ongoing strategic initiatives that will strengthen them further. While currency headwinds endure, we fully expect to continue to grow our business and generously reward our shareholders."
07:01 EDTPMPhilip Morris reports Q4 adjusted EPS 81c, consensus 81c
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February 3, 2016
14:48 EDTPMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Philip Morris (PM), consensus 81c... AstraZeneca (AZN), consensus 88c... Occidental Petroleum (OXY), consensus (12c)... ConocoPhillips (COP), consensus (65c)... Cigna (CI), consensus $1.80... Intercontinental Exchange (ICE), consensus $3.01... Boston Scientific (BSX), consensus 25c... Charter Communications (CHTR), consensus (12c)... Ralph Lauren (RL), consensus $2.13... Dunkin' Brands (DNKN), consensus 50c... GrubHub (GRUB), consensus 14c... Level 3 (LVLT), consensus 53c... AmerisourceBergen (ABC), consensus $1.25... Cummins (CMI), consensus $2.11.
13:07 EDTPMPhilip Morris technical comments before earnings
The shares are trading near the 52-week high of $90.31 ahead of earnings. The $90 level has been resistance for the shares since the summer of 2013. If there is a breakout above $90 on strong news, next resistance would be at $91.63, $92.92, and $95.68. If the news is bearish, the $90 area is likely to remain as major resistance. Support levels to watch below $90 as potential downside objectives are at $88.06, $85.83, and $83.44.
February 2, 2016
10:01 EDTBTIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BlackBerry (BBRY) initiated with a Buy at TD Securities... British American Tobacco (BTI) initiated with a Buy at Berenberg... Cabot Oil & Gas (COG) initiated with a Buy at SunTrust... Celestica (CLS) initiated with a Hold at TD Securities... Devon Energy (DVN) initiated with an Equal Weight at Stephens... Fitbit (FIT) initiated with an Outperform at Oppenheimer... Imperial Tobacco (ITYBY) initiated with a Buy at Berenberg... Kite Pharma (KITE) initiated with an Outperform at RBC Capital... Mellanox (MLNX) initiated with a Buy at Roth Capital.
05:31 EDTBTIBritish American Tobacco initiated with a Buy at Berenberg
Price target 4285p.
January 28, 2016
10:05 EDTBTIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMAG Pharmaceuticals (AMAG) initiated with an Outperform at Northland... Angie's List (ANGI) initiated with a Neutral at Roth Capital... Bio Blast Pharma (ORPN) initiated with a Buy at Rodman & Renshaw... British American Tobacco (BTI) initiated with a Buy at UBS... Imperial Tobacco (ITYBY) initiated with a Buy at UBS... Instructure (INST) initiated with an Outperform at Barrington... Nektar (NKTR) initiated with a Buy at Janney Capital... Par Pacific (PARR) initiated with an Outperform at Imperial Capital... Pure Storage (PSTG) initiated with a Buy at Maxim... comScore (SCOR) initiated with a Hold at Evercore ISI.
07:05 EDTMOAltria Group sees FY16 adjusted EPS $3.00-$3.05, consensus $3.05
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07:03 EDTMOAltria Group reports Q4 adjusted EPS 67c, consensus 68c
Reports Q4 revenue net of excise taxes $4.73B, consensus $4.75B.
05:33 EDTBTIBritish American Tobacco initiated with a Buy at UBS
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