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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:35 EDTMJN, NSRGY, DANOY, ABTDanone in talks to sell medical nutrition unit, may seek formula maker, FT says
Danone (DANOY) is being advised by JPMorgan (JPM) and stands to raise up to EUR5B from a potential sale of most of its medical nutrition unit, according to Financial Times, which noted that the company is in talks about the division with Nestle (NSRGY) and other potential buyers. People familiar with the talks say Danone could spend any proceeds on acquiring other infant formula producers. The Fly notes that other baby formula makers include Mead Johnson (MJN) and Abbott (ABT). Reference Link
News For DANOY;MJN;ABT;NSRGY From The Last 14 Days
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May 4, 2015
07:17 EDTABTAbbott has a conference call hosted by JPMorgan
JPMorgan Analyst Weinstein will host a conference call with CEO Miles White on May 8 at 11 am.
April 28, 2015
07:43 EDTNSRGY, ABT, MJNMead Johnson pushing for changes to WIC program, WSJ reports
The law authorizing the $6B per year WIC program providing food vouchers to women who are pregnant or have young children is up for renewal this year and formula makers, led by top U.S. maker Mead Johnson (MJN), are pushing for change, said The Wall Street Journal. Growth in the program has made it a money-losing venture for baby formula makers who essentially make no profit off formula sold to states as part of the program and Mead Johnson is pushing for changing eligibility requirements, thereby limiting or even shrinking the pool of recipients, the report noted. Other U.S. infant formula makers include Abbott (ABT) and Nestle (NSRGY). Reference Link
April 23, 2015
12:35 EDTDANOYEarnings Watch: Starbucks sees Q2 EPS 32c-33c on split-adjusted basis
Starbucks (SBUX) is scheduled to report second quarter results after the market close on Thursday, April 23, with a conference call scheduled for 5:00 pm ET. Starbucks purchases and roasts whole bean coffees and sells them, along with brewed coffees, Italian-style espresso beverages, cold blended beverages, food items, teas, and beverage-related accessories and equipment, primarily through company-operated retail stores. EXPECTATIONS: Analysts are looking for earnings per share of 33c on revenue of $4.53B, according to First Call. The consensus range for EPS is 31c-35c on revenue of $4.39B-$4.6B. LAST QUARTER: Starbucks reported first quarter EPS of 80c on revenue of $4.8B, in-line with analysts' estimates, respectively. Starbucks said global comparable store sales increased 5%, with a 2% increase in traffic. The company said comparable store transactions increased by nearly 9M in the U.S. and nearly 12M globally, year-over-year. In conjunction with its earnings release, Starbucks announced the appointment of Kevin Johnson as president and Chief Operating Officer. NEWS: At the company's Annual Meeting of Shareholders in March, the company announced a two-for-one stock split. On a split-adjusted basis, the company revised its Q2 EPS view to 32c-33c to account for the planned stock split; previous Q2 EPS guidance was 64c-65c. The company also revised its EPS guidance for fiscal year 2015 to $1.55-$1.57, which compares to analysts' estimates of $1.57; the company's pre-split FY15 EPS view was $3.09-$3.13. At the meeting, Starbucks announced two delivery models, including a collaboration with Postmates, which will allow customers to order their food and beverage items via the Starbucks mobile app, and a "Green Apron" barista delivery option enabling customers within specified office-buildings to order food and beverages for delivery. Starbucks also reaffirmed its goal to grow its market capitalization to $100B and announced an agreement with Chinese food and beverage producer Tingyi Holding to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China. During the quarter, Evolution Fresh, a unit of Starbucks, and Dannon (DANOY) said they would launch co-branded yogurt products. They said they planned to launch Evolution Fresh Smoothies in 4,300 Starbucks stores in the Pacific Northwest, Northern California and in select Starbucks locations within grocery stores nationwide. Starbucks raised suspicions among European regulators and local governments by reporting losses despite hundreds of millions of dollars in annual sales, The Wall Street Journal reported in early April. STREET RESEARCH: BMO Capital recently initiated Starbucks with an Outperform rating, citing what it sees as the company's many growth opportunities. Shares were also recently initiated at Guggenheim with a Buy rating and $56 target and with an Outperform rating and $56 target at Cowen. Goldman said Starbucks is its top pick in the sector and expects an in-line earnings report. Additionally, the firm expects Starbucks to comment on mobile ordering and the potential for traffic acceleration in the back half of the year and into 2016. Piper Jaffray raised its split-adjusted price target for shares of Starbucks to $55 from $53, which implies 16% upside from current levels. Piper's five-year model suggests the company's earnings double. The firm has an Overweight rating on the stock. Bernstein increased its price target on Starbucks as the firm estimates that falling coffee prices will add at least 3c-4c to the company's fiscal 2016 EPS. PRICE ACTION: Ahead of Thursday afternoon's earnings report, shares are up about 1.2% to $48.93.
07:32 EDTMJNMead Johnson reiterates FY15 adjusted EPS view $3.90-$4.00, consensus $4.00
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07:32 EDTMJNMead Johnson reaffirms FY15 non-GAAP guidance
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07:32 EDTMJNMead Johnson reports Q1 adjusted EPS $1.09, consensus $1.05
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April 22, 2015
15:50 EDTMJNNotable companies reporting before tomorrow's open
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09:26 EDTABTAbbott sees flat growth in Molecular Diagnostics business in Q2
Sees mid-single digit growth for Global Diagnostics growth in Q2. Sees low single digit growth for Global Vascular in Q2. Expects similar double digit growth in EPD in Q2.
09:21 EDTABTAbbott sees FY15 revenue growth to be in low single digits, consensus $20.71B
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09:20 EDTABTAbbott sees Q2 EPS 49c-51c, consensus 52c
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07:48 EDTABTAbbott reports Q1 Nutrition sales up 6.3% to $1.67B
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07:46 EDTABTAbbott backs FY15 adjusted EPS $2.10-$2.20, consensus $2.14
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07:45 EDTABTAbbott reports Q1 adjusted EPS 47c, consensus 42c
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April 21, 2015
15:28 EDTABTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.

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