Stock Market & Financial Investment News

News Breaks January 22, 2013 09:24 EDT DD DuPont sees FY13 solar module installations unchanged News For DD From The Last 14 Days Check below for free stories on DD the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 13:55 EDT DD DuPont outlook still positive, says Argus Subscribe for More Information 06:43 EDT DD White House says president would veto House farm bill, Politico reports The White House warned yesterday that President Obama would veto the farm bill that the House is considering, according to Politico. The White House objects to cuts in food stamps in the bill, and wants to cut crop insurance subsidies instead, the website stated. Reference Link June 14, 2013 14:38 EDT DD Market poised to end week lower amid worries about Fed, Asia Subscribe for More Information 10:10 EDT DD On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee. 07:21 EDT DD Clinton Global Initiative to host to host a meeting Subscribe for More Information 06:32 EDT DD DuPont downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded DuPont due to lack of near-term catalysts, valuation, recent Ag headwinds, and back-end loaded earnings. Price target is $56. 06:03 EDT DD Stocks with implied volatility movement; DD BKS Stocks with implied volatility movement; DuPont (DD), Barnes & Noble (BKS) according to IVolatility. June 13, 2013 12:35 EDT DD On The Fly: Midday Wrap Stocks on Wall Street were higher at midday after retail sales rose more than expected in May and first-time unemployment applications fell last week. The market, which suffered its first three day losing streak of 2013 with its lower close yesterday, is looking to avoid a fourth straight down day. ECONOMIC EVENTS: In the U.S., retail sales rose 0.6% in May, versus the expected increase of 0.4%. Initial jobless claims fell 12K to 334K in the week ended June 8, versus expectations for 346K claims. Business inventories rose 0.3% in April, matching expectations. In Asia, Japan's Nikkei stock index fell 6.25% last night as it continued its volatile trading and pullback from recent record highs... COMPANY NEWS: Shares of DuPont (DD) slid 1% after the company provided second quarter earnings per share guidance that was below analysts' expectations and said it now expects full-year earnings to be at the low end of its previous $3.85-$4.05 guidance... The Supreme Court unanimously ruled that human genes isolated from the body can't be patented, but also said that DNA molecules synthesized in a laboratory can be patent protected, sending shares of Myriad Genetics (MYGN) up 10%... Shares of cosmetics and fragrance giant Coty (COTY) slipped in their first day of trading on the New York Stock Exchange following their initial public offering. MAJOR MOVERS: Among the notable gainers were Belo (BLC) and Gannett (GCI), which both rose after the companies agreed to merge. Gannett agreed to buy Belo for $13.75 per share in cash, or approximately $1.5B, plus assume $715M in existing debt in a deal that the company sees adding to its non-GAAP earnings per share by approximately 50c within the first 12 months. Belo surged 27% after the announcement, while Gannett jumped 26%. Among the noteworthy losers was Elan (ELN), which fell nearly 3% after Royalty Pharma says one of Elan's shareholder proposals looks set to pass and that could force Royalty's takeover offer to be withdrawn next week. Also lower were shares of Williams (WMB), which dropped 1% after an explosion occurred within an olefins plant owned by the company. INDICES: Near noon, the Dow was up 50.42, or 0.34%, to 15,045.65; the Nasdaq was up 13.78, or 0.41%, to 3,414.21; and the S&P 500 was up 6.54, or 0.41%, to 1,619.06. 10:14 EDT DD Chemical makers mixed after DuPont trims guidance Shares of chemical makers are mixed after one of the companies in the sector, DuPont (DD), provided lower than expected second quarter guidance. WHAT'S NEW: DuPont provided second quarter earnings per share guidance that was below analysts' expectations. The company explained that its agriculture and nutrition and health units had been hurt by unseasonably cool, wet weather in North America and Europe. DuPont now expects its fiscal 2013 earning per share to be at the low end of its previous guidance range of $3.85-$4.05, the company said. PRICE ACTION: In mid-morning trading, DuPont lost 0.4% to $54. OTHERS TO WATCH: Dow Chemical (DOW) was flat at $33.75, Huntsman (HUN) rose 1% to $18 and Ashland (ASH) added 0.2% to $85.67. 09:55 EDT DD DuPont slips lower after reducing guidance, levels to watch Subscribe for More Information 09:30 EDT DD Clinton Global Initiative to host to host a meeting Subscribe for More Information 09:05 EDT DD On The Fly: Pre-market Movers Subscribe for More Information 08:46 EDT DD DuPont volatility elevated at 21 into cutting full-year guidance Subscribe for More Information 08:43 EDT DD Correction: DuPont sees Q2 EPS $1.27, consensus $1.36 Subscribe for More Information 08:38 EDT DD DuPont fall 3% after cutting full-year guidance 08:37 EDT DD DuPont sees FY13 EPS to be low end of $3.85-$4.05 range, consensus $3.90 Subscribe for More Information 08:36 EDT DD DuPont sees 1H13 EPS to be 10% below last year Subscribe for More Information June 11, 2013 07:05 EDT DD Senate passes farm bill, Politico reports Subscribe for More Information June 7, 2013 05:59 EDT DD Chemical firms attempt to limit Federal green building codes, Bloomberg reports Chemical companies are lobbying Congress to limit government use of proposed, tougher green-building codes in the hope that alternative standards may be adopted, reports Bloomberg. The American Chemistry Council and other groups say the standards are veering into the trickier area of health policy and will stigmatize chemicals without providing much benefit. Reference Link June 5, 2013 15:43 EDT DD DuPont, Yingli Green announce $100M agreement expansion Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.