New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:00 EDTCVS, PM, LO, MO, RAICVS plans to stop selling cigarettes and other tobacco products
CVS Caremark (CVS) earlier today announced its decision to cease selling tobacco at all locations starting October 1. WHAT'S NOTABLE: CVS Caremark said its choice to exit the tobacco category does not affect the company's 2014 segment operating profit guidance, 2014 earnings per share guidance, or the company's five-year financial projections. The company estimates that it will lose approximately $2B in revenues on an annual basis from the tobacco shopper, equating to approximately 17c per share. Given the anticipated timing for implementation of this change, the impact to 2014 earnings per share is expected to be in the range of 6c-9c per share. The company has identified incremental opportunities that are expected to offset the profitability impact, CVS added. WHAT'S NOTABLE: Deutsche Bank believes CVS Caremark's decision to stop selling tobacco products is in-line with its strategy to become more of a healthcare services company. Deutsche thinks the move could improve CVS' competitive positioning and it keeps a Hold rating on the stock. PRICE ACTION: During late morning trading, shares of CVS Caremark were down 1.5% to trade near $65. Like the broader S&P 500, shares of a number of tobacco product makers were generally lower. Philip Morris (PM) fell 0.88% to $76.20, Reynolds American (RAI) fell 0.7% to $47.17, Lorillard (LO) fell 2.5% to $47.64 and Altria Group (MO) fell 1.2% to $34.02.
News For CVS;PM;LO;MO;RAI From The Last 14 Days
Check below for free stories on CVS;PM;LO;MO;RAI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 21, 2014
10:42 EDTLOOptions with decreasing implied volatility
Subscribe for More Information
09:10 EDTMO, RAI, LOOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
06:12 EDTLOStocks with implied volatility below IV index mean; LO IGT
Stocks with implied volatility below IV index mean; Lorillard (LO) 16, International Game (IGT) 14 according to iVolatility.
July 19, 2014
19:44 EDTRAI R.J. Reynolds hit with $23.6B in damages in lung cancer case, WSJ says
Subscribe for More Information
July 18, 2014
16:47 EDTLO, RAIMarket ends week higher as earnings, M&A offset geopolitical tensions
Subscribe for More Information
11:25 EDTLOOptions with decreasing implied volatility
Subscribe for More Information
06:05 EDTLOStocks with implied volatility below IV index mean; LO IGT
Subscribe for More Information
July 17, 2014
11:12 EDTLOOptions with decreasing implied volatility
Subscribe for More Information
07:07 EDTPMPhilip Morris reports Q2 cigarette shipment volume down 2.7% to 222.8B units
Subscribe for More Information
07:04 EDTPMPhilip Morris says FY14 adjusted EPS growth could be at low end of 6%-8% range
Subscribe for More Information
07:02 EDTPMPhilip Morris backs FY14 reported EPS view $4.87-$4.97
Subscribe for More Information
07:00 EDTPMPhilip Morris reports Q2 adjusted EPS $1.41, consensus $1.24
Subscribe for More Information
05:58 EDTLOStocks with implied volatility below IV index mean; LO IGT
Subscribe for More Information
July 16, 2014
15:27 EDTPMNotable companies reporting before tomorrow's open
Subscribe for More Information
10:35 EDTLOOptions with decreasing implied volatility
Subscribe for More Information
08:39 EDTCVSCVS Caremark signs new affiliations with four major health care providers
CVS Caremark has entered into new clinical affiliations with four major health care providers in Connecticut, Texas, South Carolina and Louisiana. Through these clinical affiliations the patients of these health care providers will receive access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinic, the retail health care division of CVS Caremark.
08:20 EDTLO, MO, RAI, PMCigarette makers focus on heavy users, seek growth from e-cigs, WSJ says
Subscribe for More Information
07:42 EDTCVSCVS Caremark earnings could beat expectations, says Wells Fargo
Subscribe for More Information
06:38 EDTMO, PM, RAI, LOE-cigarettes being sold in many flavors, NY Times says
Tobacco companies are offering e-cigarettes with hundreds of different flavors, such as banana cream pie and cotton candy, according to The New York Times. The FDA has banned most flavors in regular cigarettes, and the agency is studying the marketing and flavors of e-cigarettes, the newspaper noted. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link
05:53 EDTLOStocks with implied volatility below IV index mean; LO SHPG
Stocks with implied volatility below IV index mean; Lorillard (LO) 21, Shire (SHPG) 31 according to iVolatility.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use