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Stock Market & Financial Investment News

News Breaks
April 15, 2014
05:25 EDTKMB, PG, ENR, CHD, CLX, CL, ELHPC sector upgraded to Neutral from Cautious at Goldman
Goldman upgraded its rating on the Home and Personal Care sector to Neutral from Cautious citing the recent pullback in shares. Goldman upgraded Estee Lauder (EL) to Conviction Buy from Buy. It has a Buy rating on Church & Dwight (CHD), Neutral ratings on Procter & Gamble (PG), Colgate-Palmolive (CL) and Energizer (ENR), an Sell ratings on Kimberly Clark (KMB) and Clorox (CLX).
News For EL;CHD;PG;CL;ENR;KMB;CLX From The Last 14 Days
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January 23, 2015
09:21 EDTKMBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:18 EDTPG, CLProcter & Gamble added to US Focus List at Credit Suisse
Credit Suisse added Procter & Gamble (PG) to the US Focus LIst and removed Colgate-Palmolive (CL), Chevron (CVX) and Williams (WMB).
07:37 EDTKMBKimberly Clark says Western, Central European changes to be completed in 2014
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07:37 EDTKMBKimberly Clark says restructuring expected to be completed by end of 2016
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07:36 EDTKMBKimberly Clark says dividend expected to increase mid-single digits in 2015
The anticipated increase is generally consistent with 2014 growth in adjusted earnings per share from continuing operations of 5%. Share repurchases are expected to total $8MM to $1B, subject to market conditions.
07:35 EDTKMBKimberly Clark sees FY15 adjusted operating profit of 1%-4%
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07:33 EDTKMBKimberly Clark sees FY15 EPS $5.60-$5.80, consensus $6.00
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07:31 EDTKMBKimberly Clark reports Q4 adjusted EPS $1.35, consensus $1.37
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January 22, 2015
15:48 EDTKMBKimberly Clark technical comments before earnings
The shares have been in a strong uptrend since the market lows of October 2014, gaining nearly 20% in that time. On the chart there is no indication of bearish concerns, with the stock having hit a new lifetime high today at $119. Without established resistance overhead, next objectives on positive news would be at common option strike prices such as $120 and $125. If there is risk to the shares it may be in the form of adverse currency moves, given the recent strength of the dollar. The stock has been bid-up given its relatively high yield as bond yields have dropped, but it is trading at a premium historically. If there is a disappointment, support levels to watch as potential downside objectives may be at $117.19, $115, and $111.86.
15:32 EDTKMBNotable companies reporting before tomorrow's open
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14:28 EDTPGProcter & Gamble volatility elevated into Q2 and outlook
Procter & Gamble January weekly call option implied volatility is at 20, February is at 14, March is at 12; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 27.
January 21, 2015
12:35 EDTPGProcter & Gamble's David Taylor likely candidate to succeed CEO, Fortune says
After a recent promotion to lead the beauty business at Proctor & Gamble by CEO A.G. Lafley, David Taylor, who currently runs the global health and grooming business division, now running two of the four business units, appears as the lead candidate to succeed CEO Lafley when he retires from the company, Fortune reports. Reference Link
10:01 EDTEL, CHD, CLOn The Fly: Analyst Downgrade Summary
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06:40 EDTCLColgate-Palmolive downgraded to Neutral from Buy at UBS
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06:39 EDTCHDChurch & Dwight downgraded to Neutral from Buy at UBS
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06:07 EDTELEstee Lauder downgraded to Neutral from Buy at Citigroup
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January 16, 2015
09:01 EDTPGProcter & Gamble files suit against former employees for theft of trade secrets
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January 15, 2015
10:37 EDTCLX, ELKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:00 EDTCLXOn The Fly: Analyst Upgrade Summary
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06:23 EDTCLXClorox upgraded to Neutral from Sell at Goldman
Goldman upgraded Clorox to Neutral given outsized U.S. exposure and lower input costs from the fall in oil. Price target is $104.
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