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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:28 EDTXPO, POL, LMIA, SON, JCI, TEN, FLY, TOL, MON, AKS, R, LYB, DOOR, CMI, HTZWells Fargo to hold a conference
Industrials & Construction Conference is being held in New York on May 7-8 with webcasted company presentations to begin on May 7 at 8:05 am; not all company presentations may be webcasted. Webcast Link
News For CMI;LYB;HTZ;DOOR;LMIA;AKS;TEN;POL;MON;JCI;XPO;TOL;SON;R;FLY From The Last 14 Days
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July 24, 2015
08:02 EDTJCIJohnson Controls plans tax-free spin-off of Automotive Experience business
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08:01 EDTJCIJohnson Controls plans tax-free spin-off of Automotive Experience business
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07:11 EDTTENTenneco reports Q2 EPS ex-items $1.39, consensus $1.33
Reports Q2 revenue $2.13B, consensus $2.14B.
July 23, 2015
18:21 EDTHTZOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
15:05 EDTJCINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).
13:52 EDTJCIJohnson Controls technical notes before earnings news
There are two key levels to watch that may help determine where price will head following results. Since October 2013 the $45 area, with the notable exception of October of last year, has been support for share price. At $46.68 heading into news, a bearish report or outlook could easily see a retest of the $45 area and potentially a breakdown below it. Next supports below $45 are at $43.49, 4.79, and $40. The October 2014 and 52-week low is at $38.60. If the news is a bullish surprise, the $50 area would be the first test on the upside. Next would be resistance at $52.50. The 52-week high is at $54.52. It would take a decisive breakout above $55 to resolve the current sideways move which began in October 2013.
10:00 EDTHTZOn The Fly: Analyst Downgrade Summary
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09:20 EDTCMICaterpillar demand trends appear negative for Cummins, Terex, says Wells Fargo
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08:12 EDTHTZHertz downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Hertz to Underweight from Equal Weight with a $15 price target on shares. The firm believes consensus estimates remain too high and meaningful price increases are unlikely. Additionally, Morgan Stanley said competition from Uber-like ride sharing and new mobility models is accelerating faster than expected.
08:00 EDTRRyder raises low end FY15 comparable EPS view to $6.45-$6.55 from $6.40-$6.55
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07:59 EDTRRyder sees Q3 comparable EPS $1.82-$1.87, consensus $1.91
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07:57 EDTRRyder reports Q2 comparable EPS $1.65, consensus $1.62
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06:42 EDTHTZHertz downgraded to Underweight from Equal Weight at Morgan Stanley
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06:21 EDTMONMonsanto renews takeover efforts after Syngenta's Q2 results, Reuters says
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July 22, 2015
13:31 EDTCMIEarnings Watch: Wells Fargo says Caterpillar revenue consensus likely too high
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10:37 EDTCMICaterpillar June data suggests consensus revenue view too high, says Wells Fargo
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09:58 EDTTENTenneco intends to discontinue Marzocchi suspension business
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July 20, 2015
13:20 EDTAKSOptions with increasing put volume: CPN AKS HST BEN TTM
06:27 EDTHTZHertz reinstated with an Outperform at Credit Suisse
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July 19, 2015
17:37 EDTMONSyngenta plans investor meetings over rejected Monsanto offer, WSJ says
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