New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:45 EDTCRL, SPW, CHK, NFLX, GDI, ACMP, PC, DDOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with only the S&P eking out a gain, after the Federal Reserve announced new quantitative easing plans and set fiscal policy thresholds. The Federal Reserve released the minutes from its December meeting just after noon, and the averages climbed higher on the news, though a broad market sell-off took hold as Fed chairman Ben Bernanke spoke during the last 90 minutes of the trading session. Following the late day selling, the averages went into the close well off their highs, with the Nasdaq serving as the laggard of the group... ECONOMIC EVENTS: In the U.S., import prices fell more than expected and recorded their biggest drop in five months in November, dropping 0.9%. The Federal Reserve announced it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires along with continuing to reinvest principal payments from its current holdings into agency mortgage-backed securities. Also, the central bank adopted monetary policy thresholds, saying it expects to keep interest rates exceptionally low "at least as long as" unemployment remains above 6.5% and inflation is projected to be no more than 2.5% in about a two-year time frame... COMPANY NEWS: DuPont (DD) shares rose 61c, or 1.4%, to $44.30 after the company said it expects its adjusted EPS to come in at the high end of its previous forecast and also authorized a repurchase program of $1B... Reuters said SPX Corp. (SPW) has offered more than $4B in a takeover bid for Gardner Denver (GDI), which was "well above" rival offers. Shares of Gardner Denver traded sharply higher following the news, rising $3.49, or 5.02%, to $72.98. Shares of SPX lost 78c, or 1.26%, to close at $61.29... MAJOR MOVERS: Among the notable gainers was Panasonic (PC), up 37c, or 7.31%, to $5.43 following an upgrade to Overweight at Barclays. Also higher were shares of Netflix (NFLX), up $4.65, or 5.40%, to $90.73 after Morgan Stanley raised its price target on the stock to $105 from $80. Among the noteworthy losers were shares of Charles River Labs (CRL), down $3.65, or 9.29%, to $35.65 after the company reaffirmed its 2012 guidance and provided guidance for 2013 below Street expectations. Also lower was Access Midstream Partners (ACMP), down $1.88, or 5.52%, to $32.15 after announcing a deal to acquire the midstream assets of Chesapeake Energy (CHK) for $2.16B... INDICES: The Dow was down 2.99, or 0.02%, to 13,245.45; the Nasdaq was down 8.49, or 0.28%, to 3,013.81; and the S&P 500 was up 0.64, or 0.04%, to 1,428.48.
News For DD;GDI;SPW;PC;NFLX;CRL;ACMP;CHK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
January 26, 2016
09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
09:28 EDTDDCorning sees Q1 global economic headwinds to continue in Q1
Corning's (GLW) management said that volume in Q1 will reflect the weaker retail market. Management said that Q1 will be the weakest quarter in the fiscal year. The company sees glass market volumes to be down mid-to-high single digits. The company expects glass market volume growth to begin in Q2. The company sees prices to decline moderately sequentially in Q1. The company sees its optical communications segment up low-to-mid single digits. The company sees environmental sales down approximately 10% in Q1. Corning expects its special materials segment sales down mid teens. The company expects its life sciences sales up low-single digits. Dow Corning, Corning's joint venture with Dow Chemical (DD), equity earnings are expected to be approximately $45M in Q1. Corning sees core gross margin approximately 41% of sales in Q1. Guidance provided during Q4 earnings conference call.
08:29 EDTDDDuPont sees Agriculture Q1 sales down about 10%
In Agriculture, DuPont sees Q1 sales down about 10%, as local price gains are more than offset by lower crop protection and soybean volumes and currency; volumes will be more challenged in the first quarter due to the strong start in North America corn seed which benefited the fourth quarter of 2015. Sees Q1 segment operating earnings down low-twenty percent as local price gains are more than offset by lower volumes and currency. For full year, sees Agriculture sales down mid-single digits percent, as local price gains are more than offset by currency and lower crop protection and soybean volumes, with operating earnings about flat as local price gains and cost reductions and productivity are offset by currency and lower volumes; Sees FY Agriculture operating earnings up about 10% excluding currency.
08:26 EDTDDDuPont sees Q1 Performance Materials sales down high-single digits
Subscribe for More Information
08:24 EDTDDDuPont sees Q1 Safety & Protection sales down in the mid teens percent
For Safety & Protection, DuPont sees Q1 sales to decline in the mid teens percent vs. prior year, with operating earnings down high teens percent, reflecting cost reductions and continued productivity more than offset by the impact of lower sales and currency. Sees full year segment sales down by the low single digits percent, with volume growth offset by currency, and operating earnings up mid teens percent.
08:22 EDTDDDuPont sees Q1 Electronics & Communications sales down mid-teens percent
Subscribe for More Information
08:20 EDTDDDuPont sees Q1 Nutrition & Health sales down low-single digits
For Nutrition & Health segment, DuPont sees Q1 sales down low-single digits percent as volume growth is more than offset by the negative impact of currency. Sees Q1 operating earnings for the segment up low-single digits percent, as cost reductions and continued productivity more than offset the impact of currency. Sees Nutrition & Health segment full year sales down low-single digits percent, as volume growth is more than offset by the negative impact of currency. Sees full year operating earnings for the segment up high-teens percent, as cost reductions and continued productivity more than offset the impact of currency.
08:17 EDTDDDuPont sees Industrial Biosciences sales growth in low single digits in Q1
For Industrial Biosciences, DuPont sees modest volume growth in bioactives to be offset by unfavorable currency, resulting in sales growth in the low single digits percent vs. last year. Sees Q1 Industrial Biosciences operating earnings down by the mid single digit percent as cost reductions and continued productivity are expected to be more than offset by higher input costs and currency. For the full year in Industrial Biosciences, DuPont sees sales up low single digits on stronger volume and price, partly offset by currency. Sees segment operating earnings flat, with cost reductions offset by higher product costs and currency.
07:48 EDTDDDuPont repeats call for Dow Chemical merger to close in second half of 2016
Subscribe for More Information
07:22 EDTDDDuPont sees $1.3B cash used for normal dividends, $2B for repurchases in 2016
Among its expected uses of cash for 2016, DuPont lists $1.3B for normal dividends, $2B for its share repurchase program, to be use during 2nd half 2016 open trading windows, and capex spend estimated to be $1.1B. In 2016, DuPont assumes global GDP growth of 2%, industrial production growth of 2% and for the U.S. dollar to be stronger against most currencies. Guidance from slides for Q4 earnings call presentation.
06:22 EDTDDDuPont sees FY16 operating EPS $2.95-$3.10, consensus $3.15
Subscribe for More Information
06:22 EDTDDDuPont says actions for 2016 cost savings plan underway
Subscribe for More Information
06:21 EDTDDDuPont says cost reductions from operational redesign contributed 10c to Q4
Cost reductions from operational redesign contributed an incremental $0.10 per share to fourth-quarter operating earnings.
06:20 EDTDDDuPont reports Q4 operating EPS 27c, consensus 26c
Reports Q4 revenue $5.3B, consensus $5.39B.
05:19 EDTCHKStocks with implied volatility movement; CHK FTR
Subscribe for More Information
January 25, 2016
16:00 EDTNFLXOptions Update; January 25, 2016
Subscribe for More Information
14:29 EDTDDNotable companies reporting before tomorrow's open
Subscribe for More Information
10:22 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
09:44 EDTCHKChesapeake downgraded to Sell from Hold at Tudor Pickering
Subscribe for More Information
09:32 EDTNFLXApple Active equity options trading on open
Subscribe for More Information
1 | 2 | 3 | 4 >>

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