|February 6, 2013|
|05:55 EDT||CCE, CCE, TDC, TDC, HOT, HOT, SNA, SNA, SNI, SNI, PM, PM, NBL, NBL, FLIR, FLIR, CTSH, CTSH, S, S, IFF, IFF, EXC, EXC, CI, CI, XYL, XYL||Companies reporting Before the Market Open on Thursday, February 7th |
Notable companies reporting before the opening bell include Cigna (CI), Coca-Cola Enterprises (CCE), Cognizant (CTSH), Exelon (EXC), Flir Systems (FLIR), International Flavors (IFF), Noble Energy (NBL), Philip Morris (PM), Scripps Networks (SNI), Snap-On (SNA), Sprint (S), Starwood Hotels (HOT), Teradata (TDC) and Xylem (XYL).
News For CCE;CI;EXC;IFF;S;CTSH;FLIR;NBL;PM;SNI;SNA;HOT;TDC;XYL From The Last 14 Days
|February 4, 2016|
|06:16 EDT||CI||Cigna reports Q4-end Commercial customers 14.43M, Government customers 567K|
Reports Q4 Total Commercial medical care ratio of 80.4%, Total Government medical care ratio of 83.1%. Full year medical cost trend for our total U.S. Commercial book of business was approximately 5% and reflects continued favorable medical costs, physician engagement and low utilization trend.
|06:15 EDT||CI||Cigna unlikely to make further share repurchases in 2016|
Cites the pending combination with Anthem.
|06:03 EDT||CI||Cigna sees FY16 adjusted EPS $8.85-$9.25, consensus $9.30|
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|06:02 EDT||CI||Cigna reports Q4-end global medical customers 14.99M|
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|06:01 EDT||CI||Cigna reports Q4 adjusted EPS $1.87, consensus $1.80|
Reports Q4 revenue $9.53B, consensus $9.52B.
|February 3, 2016|
|14:48 EDT||CI, PM||Notable 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 EDT||PM||Philip 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.
|08:06 EDT||EXC||Exelon plans to raise dividend 2.5% each year for next three year|
"Despite a challenging year for the sector, strong operating performance at both our utilities and our generation business enabled us to deliver strong earnings. We will provide stable growth, sustainable earnings and an attractive dividend through a combination of regulated and contracted investments and return of capital. Consistent with this strategy, we plan to grow our dividend 2.5 percent each year over the next three years," said Exelon President and CEO Christopher Crane. Exelon's board declared a first quarter dividend of 31c per share and approved a revised dividend policy. The approved policy would raise its dividend 2.5% each year for the next three years, beginning with the June 2016 dividend. The board will take formal action to declare the next dividend in the second quarter, the company said.
|08:04 EDT||EXC||Exelon sees FY16 adjusted EPS $2.40-$2.70, consensus $2.52|
Operating earnings guidance is based on the assumption of normal weather, which is determined based on historical average heating and cooling degree days for a 30-year period in the respective utilities' service territories.
|08:03 EDT||EXC||Exelon reports Q4 adjusted EPS 38c, consensus 41c|
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|06:55 EDT||CI||Cigna volatility elevated into Q4 and outlook|
Cigna February call option implied volatility is at 28, March is at 29 ; compared to its 52-week range of 18 to 39, suggesting large near term price movement into the expected release of Q4 results on February 4.
|February 2, 2016|
|08:42 EDT||EXC||Exelon volatility elevated into Q4 and outlook|
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|08:38 EDT||HOT||Starwood to expand portfolio of Specialty Select brands in NYS over three years|
Starwood Hotels & Resorts Worldwide announced that it will significantly expand its portfolio of Specialty Select brands in New York State in the next three years, with the bulk of that growth taking place in the New York City metropolitan area. Starwood will grow its portfolio in New York from 12 to 22 hotels by the end of 2018 across its Aloft, Element and Four Points brands - an increase of more than 80%.
|07:22 EDT||SNI||Scripps, TWC, reach multiyear retrans agreement, Broadcasting & Cable says|
Scripps (SNI) and Time Warner Cable (TWC) have quietly reached a multi-year retransmission consent deal for stations representing more than 3M households in 14 markets, Broadcasting & Cable reports, citing a broadcast source familiar with the deal. The agreement also includes certain Bright House cable systems, the report says. Affected markets include Bakersfield, Cleveland, Cincinnati, Denver, Detroit, Green Bay, Indianapolis, Kansas City, Nashville, Omaha, Milwaukee, San Diego and Tampa, the report says. Reference Link
|February 1, 2016|
|12:22 EDT||HOT||Starwood to source 100% cage-free eggs by 2020|
Starwood Hotels & Resorts announced plans to source 100% of its eggs from cage-free chickens across its supply chain by 2020. "Animal welfare is important to our customers and our company, and many of our hotels around the world already use cage-free eggs. By transitioning to 100% cage-free eggs by 2020, we further our commitment to doing the right thing," said Andrea Pinabell, Starwood's Vice President of Sustainability.
|07:42 EDT||NBL||Noble Energy believes it can develop Leviathan by 2019, Globes reports|
Noble Energy Israel County Manager Bini Zomer said that his company thinks it can develop the Leviathan natural gas reservoir if a sufficient number of contracts are signed, despite the plunge in oil prices that have led to investment cuts, Globes reports. "There is no doubt that the global oil and gas industry is facing many challenges. Despite those challenges, Noble believes that the Leviathan project can move forward based on domestic and export opportunities and because of the positive climate created by the Natural Gas Framework," Zomer said. Reference Link
|January 31, 2016|
|11:39 EDT||S||S&P falls 5% in January despite second straight winning week to close month|
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
|January 29, 2016|
|14:24 EDT||CI||Earnings Watch: Aetna down 9% since last report|
Aetna (AET) is scheduled to report fourth quarter earnings before the market open on Monday, February 1, with a conference call scheduled for 8:30 am ET. Aetna, a diversified health care benefits company in the United States, operates in three segments: Health Care, Group Insurance, and Large Case Pensions. EXPECTATIONS: Analysts are looking for earnings per share of $1.21 on revenue of $14.93B, according to First Call. The consensus range for EPS is $1.16-$1.32 on revenue of $14.44B-$15.36B. LAST QUARTER: Aetna reported third quarter EPS of $1.90 on revenue of $14.97B against analyst estimates of $1.77 and $14.95B, respectively. The company raised its fiscal 2015 EPS view to $7.45-$7.55 from "at least $7.40." Operating earnings were $668.6M for Q315 compared with $638.6M for Q314. The increase in operating earnings was primarily due to higher underwriting margins in Aetna's Health Care segment, partially offset by an increase in general and administrative expenses and lower underwriting margins in Aetna's Group Insurance segment. On January 11, Aetna said it see FY15 EPS at the high end of the $7.45-$7.55 range. Consensus for FY15 EPS is $7.54. STREET RESEARCH: On January 15, Wells Fargo said it expects health insurers' stock to do well this year, as the firm expects M&A deals made the last years to increase profits this year, and it thinks investors should be attracted to what it sees as the defensive names in the sector. Wells does not believe that any changes to or replacements of the ACA will be worse for the sector than the status quo. It identified Aetna and HCA Holdings (HCA) as its favorite names in the sector. On January 25, Leerink analyst Ana Gupte said she believed the recent selloff has provided a "strong" buying opportunity in the Managed Care space. Valuations are attractive on multiple metrics, Gupte told investors in a research note. Her top picks are UnitedHealth (UNH), Aetna, Humana (HUM) and Molina Healthcare (MOH). The analyst also favors Anthem (ANTM) and Cigna (CI). PRICE ACTION: Shares of Aetna are down approximately 9% since its last earnings report. The stock is up 2.6% to $101.42 in Friday afternoon trading ahead of Monday morning's report.
|13:19 EDT||FLIR||Options with increasing call volume: EXP FLIR SYN INO PBR VMEM EPI GILD EA |
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|January 28, 2016|
|07:39 EDT||EXC||ABB contracted by Exelon subsidiary for energy storage systems|
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