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August 6, 2014
06:19 EDTATU, RHHBY, VASC, PII, SCS, PLM, ALE, REGI, MS, GWW, WFC, FUL, FAST, DLXCFA Society of Minnesota to hold a conference
2014 InvestMNt Conference to be held in Minneapolis on August 6.
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September 25, 2015
07:22 EDTRHHBYEuropean Society for Medical Oncology to hold a conference
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06:23 EDTRHHBYRoche CEO: Will see growth regardless of setbacks, Reuters reports
Roche Holding's product lineup is so good that the company will see growth regardless of setbacks, Reuters reports, citing an interview with CEO Severn Schwan with Finanz und Wirtschaft. "Roche could have six new active pharmaceutical ingredients approved within two years. We never had this before," Schwan said. Reference Link
05:51 EDTATUBarclays starts U.S. Machinery space with Negative view
Barclays analyst Robert Wertheimer rolled out coverage of the U.S. Machinery space with a Negative view. Of the fifteen companies he initiated in the sector, only two are Overweight rated. Wertheimer started five names at Underweight, his firm's equivalent of a sell. Consensus estimates are too high across the board with revenue for this cycle already peaking for most of machinery, the analyst told investors last night in a research note. He sees a sharper downturn for North American trucks than the consensus expects, with another peak level eight years away. And the tractor supercycle is only two years in a downturn, while the prior two supercycles saw seven consecutive down years in machinery sales, Wertheimer adds. Allison Transmission (ALSN) and United Rentals (URI) are the analyst's Overweight-rated stocks in the sector. Deere (DE), CNH Industrial (CNHI), Cummins (CMI), PACCAR (PCAR) and Navistar (NAV) are his Underweight rated names. Wertheimer also started with Equal Weight ratings shares of Actuant (ATU), AGCO (AGCO), Caterpillar (CAT), Joy Global (JOY), Lincoln Electric (LECO), Manitowoc (MTW), Terex (TEX) and WABCO (WBC).
September 24, 2015
16:25 EDTATUActuant initiated with an Equal Weight at Barclays
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08:23 EDTMSMorgan Stanley to participate in a discussion with 92Y
David Darst, Chief Investment Strategist at Morgan Stanley, along with Claire b. Benenson, a former mutual funds director, discuss the outlook for the U.S. and the global economy, inflation/deflation and corporate profits, in a discussion entitled, "Asset Allocation and Investment Strategy for 2016 and Beyond" being held in New York on September 24 at 8:15 pm.
07:10 EDTWFC, MSBanks clash with regulators over energy lending, WSJ reports
Banks are fighting with regulators over loan reviews that might compress the flow of net credit to the oil patch, the Wall Street Journal reports. The disagreement is focused on the narrow issue of loans secured by oil and gas companies' reserves, but it highlights the point of how postcrisis regulation of the financial industry impacts sectors outside of Wall Street, the report says. Caught in between banks and regulators are the small and medium exploration and production companies that rely on credit lines using their energy reserves as collateral, the report says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 23, 2015
17:10 EDTFULH.B. Fuller sees Q4 impact from Americas operating segment
H.B. Fuller stated in its Q3 earnings release, "The primary driver of the lower than expected [Q3] earnings was lower than expected revenue in the Americas operating segment... primarily due to generally weak end market conditions and some residual negative effects of the Project ONE implementation in North America last year. In addition, our forecast for our full-year core tax rate increased slightly and this reduced our EPS in the quarter relative to our forecast. Because both of these factors are expected to persist into Q4, we have also adjusted our EPS expectations."
17:05 EDTFULH.B. Fuller cuts FY15 adjusted EPS to $2.23 from $2.45, consensus $2.41
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17:03 EDTFULH.B. Fuller sees Q4 adjusted EPS 70c, consensus 80c
Sees Q4 revenue $540M, consensus $567.62M.
17:02 EDTFULH.B. Fuller reports Q3 adjusted EPS 61c, consensus 70c
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16:04 EDTSCSSteelcase sees Q3 adjusted EPS 31c-35c, consensus 32c
Sees Q3 revenue $800M-$820M, consensus $811.6M.
16:02 EDTSCSSteelcase reports Q2 adjusted EPS 35c, consensus 32c
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15:02 EDTFULNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include H.B. Fuller (FUL), consensus 70c.
September 22, 2015
17:22 EDTWFCOakland accusses Wells Fargo of mortgage discrimination, Reuters says
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07:43 EDTRHHBYDrug stocks could be hurt by focus on pricing, says Oppenheimer
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06:19 EDTRHHBYClinton to roll out plan to rein in prescription drug costs, USA Today reports
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September 21, 2015
14:28 EDTRHHBYTuring CEO says will not change Daraprim price despite criticism
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11:24 EDTRHHBYHillary Clinton vows to take on 'outrageous' specialty drug pricing
Hillary Clinton, on the heels of a Wall Street Journal report detailing Turing Pharmaceuticals' price hike to $750 from $13.50 per pill of a drug called Daraprim which treats a life-threatening parasitic infection, vowed to lay out a plan tomorrow to take on what she calls "price gouging" of specialty drugs. The presidential nominee stated in a tweet, "Price gouging like this in the specialty drug market is outrageous. Tomorrow I'll lay out a plan to take it on." The iShares Nasdaq Biotechnology Index (IBB) moved lower following Clinton's tweet.
08:29 EDTPIIOff-road dealer checks 'somewhat mixed' for Polaris, says Wunderlich
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06:36 EDTWFCFormer Wells Fargo CEO: BofA shareholders should back off Moynihan, Reuters says
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