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Stock Market & Financial Investment News

News Breaks
January 29, 2014
12:04 EDTDD, ALB, DOWChemical makers Dow, Albemarle rise after reporting results
Shares of two chemical makers, Dow Chemical (DOW) and Albemarle (ALB), are advancing after both companies reported stronger than expected results. DOW RESULTS: Dow Chemical reported its fourth quarter profits and revenue that both exceeded analysts' consensus estimates. The company stated that its volume had risen 2% last quarter versus the same period a year earlier, with volumes increasing in most of its operating segments and geographic areas. Overall demand was healthy last quarter and, as a result, Dow Chemical saw its margins on hydrocarbons increase, the company stated. The chemicals maker reported that the sales of all of its units except Feedstocks and Energy rose last quarter. Dow Chemical expects its earnings before interest, taxes, depreciation and amortization, or EBITDA, to rise to $10 billion in the near-term, up from $8.4 billion on an adjusted basis in 2013. Dow also increased its quarterly dividend by 15% to 37c per share and expanded its authorized share buy-back program to $4.5B from $1.5B. ALBEMARLE RESULTS: Similarly, Albemarle last night reported fourth quarter profits and revenue that surpassed analysts' consensus estimates. Moreover, the company's fiscal 2014 revenue guidance also exceeded analysts' consensus outlook. Albermarle stated that it had benefited from strong growth in its refinery catalyst and clean fuels technologies businesses. The company expects the profits from its catalyst business to increase by double digit percentage levels in 2014, and it expects its earnings from its clean fuels technologies to also rise. PRICE ACTION: In late morning trading, Dow Chemical climbed 3.7% to $44.67, while Albemarle advanced 2.3% to $64.65. Another chemicals maker, Du Pont, (DD) rose 2.85% to $61.27. Du Pont reported stronger than expected results yesterday morning and announced its own $5B share repurchase program.
News For DOW;ALB;DD From The Last 14 Days
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December 19, 2014
09:50 EDTDDDuPont appears poised for proxy fight with shareholder Trian, CNBC's Faber says
December 18, 2014
16:30 EDTDDDuPont to record pre-tax charge to earnings of about $315M in Q4
In connection with the redesign initiative, which remains on track, DuPont will record a pre-tax charge to earnings of about $315M in Q4, comprising approximately $160M of employee separation costs, $140M of asset related charges and $15M of contract termination costs. The actions related to Q4 charge are expected to be substantially complete by mid-2016 and will result in future cash payments of approximately $175M, primarily related to the payment of severance and related benefits. Savings from the redesign initiative will include the elimination of stranded costs associated with Chemours and savings realized following the separation. As disclosed on June 26, the redesign initiative is expected to contribute at least $1B in savings and DuPont will continue to identify additional areas of productivity across the organization.
16:28 EDTDDDuPont announces restructuring, spinoff of chemicals company
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16:26 EDTDDDuPont announces restructuring, spinoff of chemicals company
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December 16, 2014
09:59 EDTDOWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
08:18 EDTALBAlbemarle initiated with a Buy at Nomura
Target $72.
08:18 EDTDOWDow Chemical initiated with a Buy at Nomura
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December 11, 2014
11:42 EDTDOWStocks with call strike movement; DOW F
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December 10, 2014
16:00 EDTDOWOptions Update; December 10, 2014
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12:04 EDTDDUSDA lowers 2014/15 soybean ending stock forecast
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08:27 EDTDDDuPont to sell DuPont Performance Polymers to Denka Performance Elastomer
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07:56 EDTDD, DOWUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
07:40 EDTDDBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
December 9, 2014
16:00 EDTDOWOptions Update; December 9, 2014
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