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Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:00 EDTLO, RAI, PM, MO, CVSCVS 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
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April 17, 2015
07:09 EDTRAIReynolds American reports Q1 adjusted EPS 86c, consensus 80c
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06:36 EDTLO, RAI, PM, MOTeenagers' use of e-cigarettes tripled last year, NY Times says
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April 16, 2015
16:21 EDTPMOn The Fly: Top stock stories for Thursday
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15:23 EDTRAINotable companies reporting before tomorrow's open
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13:21 EDTPMPhilip Morris upgraded to Outperform from Market Perform at Cowen
12:37 EDTPMOn The Fly: Top stock stories at midday
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12:12 EDTPMPhilip Morris trades higher post-earnings, levels to watch
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10:04 EDTPMHigh option volume stocks
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09:36 EDTPMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTPMOn The Fly: Pre-market Movers
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07:07 EDTPMPhilip Morris raises FY15 reported EPS view to $4.32-$4.42 from $4.27-$4.37
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07:04 EDTPMPhilip Morris reports Q1 adjusted EPS $1.16, consensus $1.01
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April 15, 2015
14:32 EDTPMPhilip Morris technical comments before earnings
The shares have been in a downtrend since a recent peak in price back in early November of last year. If the news is more bullish than traders appear to expect, the first level of significant resistance would be at $79.95 which is the 50-day moving average. A move back above that resistance line would see next upside at $81.08 and then at $82.57. Such moves would reverse the shorter-term trend to bullish. If the news continues to disappoint, the 52-week low at $75.27 would be first significant support. Looking at a 5-year chart, the important of the $75 area becomes clear. It was previously a pivot high in January 2012, and then support in early February of last year. A breakdown below this level would therefore have strongly bearish implications, setting a long-term topping process into motion. Support below $75 would be at $72.85.
08:07 EDTPMPhilip Morris April volatility elevated into Q1 and outlook
Philip Morris April call option implied volatility is at 49, May is at 16, June is at 15, September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into its expected release of Q1 results on April 16.
08:01 EDTRAI, LO, MOU.S. traditional cigarette Q1 outlook strong, says Wells Fargo
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April 14, 2015
12:36 EDTRAI, PM, LO, MOTobacco companies file suit against FDA over labeling guidance, Reuters says
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12:19 EDTLO, MO, PM, RAITobacco companies file suit against FDA over labeling guidance, Reuters says
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April 13, 2015
10:00 EDTPMOn The Fly: Analyst Downgrade Summary
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09:04 EDTPMPhilip Morris downgraded to Hold from Buy at Argus
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08:02 EDTPMPhilip Morris shares should be bought ahead of Q1 earnings, says Wells Fargo
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