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Stock Market & Financial Investment News

News Breaks
February 19, 2013
05:55 EDTK, K, K, K, CPB, CPB, CPB, CPB, DSTI, DSTI, DSTI, DSTI, HSH, HSH, HSH, HSH, BG, BG, BG, BG, HSY, HSY, HSY, HSY, CCE, CCE, CCE, CCE, PG, PG, PG, PG, PEP, PEP, PEP, PEP, AVP, AVP, AVP, AVP, CLX, CLX, CLX, CLX, NWL, NWL, NWL, NWL, CHD, CHD, CHD, CHD, ENR, ENR, ENR, ENR, CL, CL, CL, CL, EL, EL, EL, ELConsumer Analyst Group of New York hosts conference
CAGNY 2013 is being held in Boca Raton, Florida on February 18-22.
News For EL;CL;ENR;CHD;NWL;CLX;AVP;PEP;PG;CCE;HSY;BG;HSH;DSTI;CPB;K From The Last 14 Days
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May 21, 2015
10:26 EDTPGDesigner Parfums, LUXE Brands to purchase Frederic Fekkai brand from P&G
Designer Parfums and LUXE Brands announced they have collaborated to form a joint venture to acquire the Frédéric Fekkai luxury hair care brand and salons from Procter & Gamble, effective June 30. The Fekkai business comprises a range of hair products and seven salons in New York, Connecticut, Florida, Texas and California. Approximately 225 people are currently employed in the salon business; they are expected to transfer to the newly formed entity.
10:12 EDTAVPOptions with decreasing implied volatility
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08:48 EDTAVPAvon Products management to meet with Deutsche Bank
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08:27 EDTCPBCampbell Soup June volatility elevated into Q3 and outlook
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07:14 EDTBGBMO Capital to hold a conference
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May 20, 2015
10:03 EDTBGBunge repeats 2017 EPS target of about $8.50
Expects to maintain dividend increases in line with historical average. Sees about $200M EBIT run rate improvement by 2017 in Agribusiness, $125M EBIT run rate improvement in Food & Ingredients by 2017. Comments from slides that will be presented at the annual general meeting.
May 19, 2015
16:44 EDTBGBunge announces new $500M share repurchase plan, raises quarterly dividend
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16:42 EDTBGBunge announces new $500M share repurchase plan, raises dividend
16:13 EDTNWLNewell Rubbermaid Chief Accounting Officer John Ellis departs role
In a regulatory filing, Newell Rubbermaid reports that on May 13, the company appointed Scott Garber as corporate controller and Chief Accounting Officer, or principal accounting officer, effective June 1. Garber previously served as the company’s VP, assistant corporate controller since 2008. The company also appointed its current VP, corporate controller and Chief Accounting Officer, John Ellis, as VP, treasurer and finance operations effective June 1.
12:47 EDTK, CPBEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Target’s business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailer’s 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
07:13 EDTCLBarclays to hold a conference
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May 18, 2015
08:52 EDTPGProcter & Gamble removed from US Focus List at Credit Suisse
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May 17, 2015
19:11 EDTK, CPBTarget to reduce advertising space for certain large brands, WSJ says
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May 15, 2015
18:05 EDTAVPFBI reviewing suspect Avon filing, has talked with SEC, WSJ reports
The FBI is in the early stages of reviewing who was behind the suspicious filing Thursday that claimed Avon Products was a takeover target, the Wall Street Journal reports, citing people familiar with the matter. Reference Link
17:07 EDTPEPTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
15:46 EDTAVPFBI reviewing suspect Avon filing, has talked with SEC, Dow Jones reports
10:34 EDTAVPOptions with increasing implied volatility
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08:36 EDTCLXClorox chairman Donald Knauss to retire July 1
Clorox announced that executive chairman Donald Knauss has decided to retire from the company and the board. The company and the board have accepted his resignation, effective July 1. The board of directors also has appointed George Harad as independent chair of the board, effective July 1. Matschullat will become chair of the nominating and governance committee, effective immediately, and Jeffrey Noddle will become chair of the management development and compensation committee, effective July 1.
07:38 EDTPGP&G fighting lawsuits over laundry-pod poisonings, WSJ reports
Procter & Gamble (PG), which has a commanding spot in the laundry-pod market and has put the products at the center of its laundry strategy, is defending itself against several lawsuits alleging injuries from the products, reported The Wall Street Journal. The Journal noted it reviewed data showing that at least seven people, including four last year and one earlier this year, have died after biting into laundry-pods. A P&G spokesman said there are indications that the rate of accidents relative to the number of pods sold is declining since 2012, when the products were first introduced in the U.S. Reference Link
05:46 EDTAVPStocks with implied volatility movement; BHP AVP
Stocks with implied volatility movement; Avon Products (AVP) 77, Baker Hughes (BHI) 27 according to iVolatility.
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