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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:15 EDTBRK.A, GM, USG, BA, EXP, VLKAY, COn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Last year Japan's trade deficit nearly tripled to a record $78.3B and few expect a drastic improvement anytime soon, leaving Tokyo no choice but to continue with efforts to boost the economy, the Wall Street Journal reports...Citigroupís (C) U.S. retail and commercial banking has the highest average deposits per branch among top lenders but generates lower profits than the others. The bank is attempting to turn that around, including an upgrade of computer systems, remodel branches and make employees more accountable in the biggest internal overhaul at Citibank in decades, the Wall Street Journal reports...REUTERS: Growth in China's factory sector surged to a two-year high in January as manufacturers received more local and foreign orders in an encouraging sign for the country's economic rebound. The HSBC flash purchasing managers' index (PMI) increased to 51.9 in January, the highest since January 2011 and above the 50-point level that shows accelerating growth in the sector from the previous month, Reuters reports...Japanese regulators joined the U.S. in all but ruling out overcharged batteries as the cause of recent fires on the Boeing (BA) 787 Dreamliner, which has been grounded for a week. The FAA said there are still no firm answers as to the cause and no clear timetable yet for returning the plane to flight, Reuters reports...BLOOMBERG: With toxic smog engulfing Beijing and much of the rest of the country for weeks, China is considering tighter vehicle curbs and emissions standards like Europeís. That could benefit GM (GM), Volkswagen (VLKAY) and Hyundai Motor in a market where sales are forecast to pass 20M units this year, Bloomberg reports...Building supply stocks such as USG (USG) in which Warren Buffett (BRK.A) holds a 16% stake, and Eagle Materials (EXP) that more than doubled last year look to rise further as the U.S. housing market extends its recovery, Bloomberg reports.
News For A;EXP From The Last 14 Days
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February 5, 2016
12:25 EDTEXPUSG advances as pricing and cost control drive Q4 earnings
Shares of building products company USG Corporation (USG) are advancing this morning after reporting higher than expected fourth quarter earnings. WHAT'S NEW: USG reported Q4 EPS of 42c, which handily beat analysts' expectations of 30c per share. The company reported Q4 revenue of $925M, just shy of expectations, as foreign currency unfavorably impacted net sales by $18M in the quarter. USG CEO James Metcalf attributed the improved results to margin expansion in its Gypsum and Ceilings businesses. "Improved pricing in both businesses, coupled with our cost discipline, drove this increased performance," Metcalf noted. On its quarterly earnings conference call, the CEO said the main driver for margin expansion in the quarter was improved pricing of all product categories in the Ceiling segment. The company sees continued strength in its markets in 2016 with overall demand improving 5% in most of its key markets. On its call, USG stressed that it will continue its "relentless cost control program" in 2016. WHAT'S NOTABLE: On its quarterly conference call on January 29, USG Corporation peer Eagle Materials (EXP) noted that its gypsum customers are reporting 5%-7% increase in volume needs for calendar year 2016. ANALYST VIEWS: On January 26, Credit Suisse analyst Michael Dahl downgraded USG to Underperform, saying he sees risk to consensus estimates from increased competition in ceilings and a lack of traction on wallboard pricing. The analyst views the stock's risk/reward as unfavorable and cut his price target for the name to $17 from $26. PRICE ACTION: On a negative day in the broader market, shares of USG Corporation are up almost 5%, while peer Eagle Materials is up fractionally.
February 4, 2016
15:59 EDTAOptions Update; February 4, 2016
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12:55 EDTAAgilent sues Twist, claiming trade secret theft, WSJ reports
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January 29, 2016
13:19 EDTEXPOptions with increasing call volume: EXP FLIR SYN INO PBR VMEM EPI GILD EA
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11:00 EDTEXPEagle Materials says gypsum customers reporting 5-7% jump in volume needs
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January 28, 2016
16:25 EDTEXPEagle Materials reports Q3 EPS 92c, consensus 97c
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