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December 11, 2012
08:38 EDTDD, AGU, CMP, POT, CPO, MOS, ADM, DE, MON, BG, CNH, ANDE, CF, IPI, SYTUSDA lowers price outlook for corn, soybeans
In its latest monthly World Agricultural Supply and Demand Estimates report, the USDA lowered its price outlook for corn, dropping the season-average farm price by 20c at the midpoint and narrowing its projected range to $6.80-$8.00 per bushel. Also in the report, the USDA lowered its U.S. season-average soybean price range for 2012/13 by 35c on both ends of the range to $13.55-$15.55 per bushel. Reference Link
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November 16, 2015
07:16 EDTCFHayman Capital gives quarterly update on stakes
NEW STAKES: Impax (IPXL), CF Industries (CF), GW Pharmaceuticals (GWPH), ProNAi Therapeutics (DNAI). INCREASED STAKES: BioMarin (BMRN), NMI Holdings (NMIH), Vertex (VRTX), Endo (ENDP). DECREASED STAKES: Mylan (MYL). LIQUIDATED STAKES: Perrigo (PRGO), Oasis Petroleum (OAS), Whiting Petroleum (WLL), Newfield Exploration (NFX), SM Energy (SM).
06:57 EDTDEDeere volatility elevated into Q4 and outlook
Deere November call option implied volatility is at 34, November weekly is at 45, December is at 39, January is at 35; compared to its 52-week range of 16 to 40, suggesting large near term price movement into the expected release of Q4 results on November 25.
06:34 EDTDEDeere Q4 report likely negative catalyst, says Deutsche Bank
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06:27 EDTDEDeere price target lowered to $64 from $82 at JPMorgan
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05:26 EDTDEDeere initiated with a Hold at Societe Generale
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November 13, 2015
12:34 EDTSYTOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday following worse than expected retail sales data in the U.S. and a report showing that the Eurozone's economic growth slowed last quarter. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. COMPANY NEWS: Shares of retailers broadly declined on Friday morning following the weaker than expected retail sales data reported by the government as well as third quarter earnings reports from Nordstrom (JWN) and J.C. Penney (JCP). Each of the aforementioned department store operators slid following their reports, as did Macy's (M) and Kohl's (KSS), which reported on their own results earlier in the week. TJX Companies (TJX) and Ross Stores (ROST), which are both scheduled to report quarterly earnings next week, were also among those caught up in the weakness... Shares of Mylan (MYL) jumped 13% after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid 7% in the wake of the shareholder vote... Cisco (CSCO) fell 6% after its first quarter earnings and revenue beat expectations but its guidance for the new quarter disappointed. A number of analysts that had been bullish on the name trimmed their price targets in response but also recommended the post-earnings weakness as a buying opportunity. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 5% after Bloomberg reported that the company rejected an initial $42B offer from ChemChina. Also higher was Yum! Brands (YUM), which gained 4% after it reported positive year over year same store sales growth for its China division in October. Among the noteworthy losers was GameStop (GME), which fell 14% after its stock was downgraded at Pacific Crest and NPD estimated that video game software sale declined 3% last month compared to the same month of last year. Also lower was Fossil (FOSL), which plunged 33% after the watchmaker gave lower than expected profit guidance for the upcoming quarter and said it continues to expect this fiscal year's results to be "significantly" negatively impacted by foreign currency changes. INDEXES: Near midday, the Dow was down 88.19, or 0.51%, to 17,359.88, the Nasdaq was down 34.22, or 0.68%, to 4,970.86, and the S&P 500 was down 9.24, or 0.45%, to 2,036.73.
10:41 EDTANDEAndersons management to meet with BB&T
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November 12, 2015
19:00 EDTSYTOn The Fly: After Hours Movers
UP AFTER EARNINGS: USA Technologies (USAT), up 15.9%... Blue Buffalo (BUFF), up 7.3%... Planet Fitness (PLNT), up 12.3%... Darling Ingredients (DAR), up 8.1%... Applied Materials (AMAT), up 3.8%... Lipocine (LPCN), up 19.9% after reporting quarterly results and that the FDA has assigned a Prescription Drug User Fee Act goal date of June 28, 2016. ALSO HIGHER: Syngenta (SYT), up 14.5% after Bloomberg reported that the company rejected an initial $42B bid from ChemChina... Yum! Brands (YUM), up 4.1% after reporting that October China Same-Store Sales are up 5%. DOWN AFTER EARNINGS: bebe stores (BEBE), down 10.5%... Nordstrom (JWN), down 20.3%... Fossil (FOSL), down 14.7%... Cisco (CSCO), down 4.8%... El Pollo LoCo (LOCO), down 8.7%... Tahoe Resources (TAHO), down 7.2%. ALSO LOWER: Paycom Software (PAYC), down 5.2%... Netflix (NFLX) down 1% after Dow Jones reported that Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA), is in discussions to sell a stake in the company to Time Warner (TWX)... TJX Companies (TJX), down 4%, Burlington Stores (BURL), down 5.3%, Macy's (M), down 1.6%, Target (TGT), down 1.9%, J.C. Penney (JCP), down 1.4%, and Kohl's (KSS), down 1.3%, after Nordstrom reported quarterly results and cut its fiscal 2015 guidance.
18:29 EDTMON, DD, SYTSyngenta rejects initial $42B bid from ChemChina, Bloomberg says
Syngenta rejected that offer citing regulatory risk, however Syngenta and ChemChina are continuing talks, Bloomberg added. Syngenta is also talking to other suitors and has had previous discussions with both DuPont (DD) and Monsanto (MON) earlier this year. Reference Link
17:10 EDTSYTSyngenta rejects initial $42B bid from ChemChina, Bloomberg says
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16:06 EDTBGBunge names Deborah Borg as Chief Human Resources Officer
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05:35 EDTDEDeere implied volatility of 39 at upper end of index mean range
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November 10, 2015
10:53 EDTMONMonsanto says capital outlook in 'billion-plus' range
Sees "similarly balanced" capital allocation strategy moving forward. Says has plans to continue to allocate capital in the same way it's been done over the past few years. Says capital outlook is in the "billion-plus" range.
10:51 EDTMONMonsanto sees adding over 800M acres in new tech upgrades by 2025
Sees "very compelling" runway for agriculture. Says focus on expansion of core drivers underpins confidence in FY19 targets. Sees potential for over 800M acres of new technology upgrades by 2025. Says "confident" in future rebound in industry.
10:42 EDTMONMonsanto says investment in dicamba manufacturing capacity about $1B
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08:41 EDTDDDuPont CEO choice positive, says Bernstein
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07:43 EDTMONMonsanto says seeking to more than double FY14 ongoing EPS by FY19
Sees Q1 ongoing EPS (33c)-(23c), may not compare to consensus 6c. Says glyphosate pricing, Brazilian Real and South America corn acreage declines primary drivers of expected decline vs. 1Q15. Says demand trends for corn remain "robust." In FY16, expects mid-to-high single digit growth in gross profit from strength in core business; new corn hybrids globally, Intacta RR2 PRO penetration and licensing opportunities. Expects Ag segment segment to generate ~$900M to $1.1B of gross profit while remaining disciplined in premium pricing strategy to reflect brand equity. Says will implement plans to drive further optimization of operating leverage and COGS targeting $500M of cost savings by the end of FY18; remain committed to investing in new growth platforms. Accelerate capital allocation strategy through new $3B accelerated share repurchase program and progress to net debt to ongoing EBITDA target ratio of 1.5x. Says seeking to more than double FY14 ongoing EPS by FY19. Expects more than 20% EPS growth starting in FY17. Global currencies are assumed to be relatively stable with the end of FY15 with rates and corn price recovery to $4.50+. Comments from slides that will be presented at the Morgan Stanley Global Chemicals and Agriculture Conference.
07:40 EDTMONMonsanto sees Q1 ongoing EPS (33c)-(23c), may not compare to consensus 6c
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07:31 EDTMONMonsanto continues to see FY16 ongiong EPS $5.10-$5.60, consensus $5.34
Monsanto Company's Kerry Preete, executive vice president of global strategy, will address investors in Boston today at the Morgan Stanley Global Chemicals & Agriculture Conference. Preete will discuss product performance, the company's strategic initiatives, long-term growth drivers and future expectations, and other matters related to the company's business. Preete's session will begin at 10:15 a.m. ET. At today's event, Preete will indicate that Monsanto continues to expect to achieve ongoing EPS of $5.10 to $5.60 in fiscal year 2016, with EPS on an as-reported basis updated to reflect additional estimated restructuring charges. These additional estimated charges are early estimates for the cost of the supplemental phase of restructuring actions, which, in combination with cost savings initiatives, is now expected to generate up to $200 million of savings, bringing the total estimated savings to $500 million by the end of fiscal year 2018. The company now expects EPS on an as-reported basis to be $4.00 to $4.66 in fiscal year 2016. The company also continues to project free cash flow in the range of $1.6 billion to $1.8 billion for fiscal year 2016. The company expects net cash provided by operating activities to be $2.7 billion to $3.1 billion, and net cash required by investing activities to be approximately $1.1 billion to $1.3 billion.
05:08 EDTPOTStocks with implied volatility movement; APA POT
Stocks with implied volatility movement; Apache (APA) 56, Potash (POT) 40 according to iVolatility.
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