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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:42 EDTCOVCovidien liability from recall appears limited, says Brean Capital
Brean Capital believes Covidien's liability from its voluntary recall of certain embolization and retrieval devices appears limited, noting that there were no deaths associated with the issue and only products distributed from May 2013 are affected. The firm estimates the impact for the recall is about $5M-$10M, which translates to about a 1c-2c impact to EPS, which should be offset by other parts of the business. Brean maintains its Buy rating and $75 price target on Covidien.
News For COV From The Last 14 Days
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January 26, 2015
17:06 EDTCOVMedtronic completes acquisition of Covidien for $49.9B
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07:17 EDTCOVSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTCOVMedtronic pending acquisition of Covidien approved by Irish High Court
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January 22, 2015
08:10 EDTCOVCovidien reports Q1 Medical Devices operational sales growth of 6%
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08:08 EDTCOVCovidien reports Q1 adjusted EPS ms $1.11, consensus $1.05
Reports Q1 revenue $2.69B, consensus $2.72B. Operational sales growth in the quarter was 6%, as foreign exchange rate movement lowered the quarterly sales growth rate by four percentage points.
January 21, 2015
18:27 EDTCOVOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
18:06 EDTCOVS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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17:18 EDTCOVEndo to replace Covidien in S&P 500 as of 1/26 close
15:27 EDTCOVNotable companies reporting before tomorrow's open
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