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Stock Market & Financial Investment News

News Breaks
February 18, 2014
04:55 EDTCPB, CPB, CPB, CPB, MO, MO, MO, MO, CL, CL, CL, CL, HSH, HSH, HSH, HSH, AVP, AVP, AVP, AVP, JAH, JAH, JAH, JAH, K, K, K, K, LO, LO, LO, LO, SYY, SYY, SYY, SYY, SAB, SAB, SAB, SAB, KRFT, KRFT, KRFT, KRFT, CAG, CAG, CAG, CAG, KO, KO, KO, KO, GIS, GIS, GIS, GISConsumer Analyst Group of New York to hold a conference
43rd Annual CAGNY Conference is being held in New York on February 17-21.
News For GIS;KO;CAG;KRFT;SAB;SYY;LO;K;JAH;AVP;HSH;CL;MO;CPB From The Last 14 Days
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May 21, 2015
15:44 EDTLOReynolds-Lorillard deal expected to receive FTC clearance next week, WSJ says
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15:25 EDTLOLorillard, Reynolds American deal expected to be cleared by FTC, DJ reports
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15:01 EDTCPBNotable companies reporting before tomorrow's open
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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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May 20, 2015
13:01 EDTMOAltria Group reaffirms FY15 adjusted EPS view $2.75-$2.80, consensus $2.80
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12:01 EDTCAGConAgra announces resolution related to 2007 voluntary peanut butter recall
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10:57 EDTKOKeurig Green Mountain calls active
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10:38 EDTKORumor: Keurig Green Mountain active amid renewed Coke-Cola speculation
Shares of Keurig Green Mountain (GMCR) are active amid renewed speculation Coke-Cola (KO) will increase its stake in the company.
08:18 EDTKRFTKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
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07:22 EDTKOCoca-Cola management to meet with SunTrust
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May 19, 2015
12:47 EDTKRFT, CPB, K, GISEarnings 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 Targetís 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 retailerís 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.
09:58 EDTSYYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:13 EDTGIS, CLBarclays to hold a conference
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06:40 EDTSYYSysco upgraded at Credit Suisse
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06:04 EDTSYYSysco upgraded to Outperform from Neutral at Credit Suisse
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05:38 EDTGISGeneral Mills backs FY15 adjusted EPS to grow at low single-digits
FY15 EPS consensus of $2.83. Backs FY15 net sales to grow at low single-digit rate, consensus $17.86B.
May 18, 2015
06:50 EDTSYYSysco to be left with $1B in costs if US Foods deal blocked, Reuters says
Sysco has already spent more than $400M related to its planned acquisition of rival US Foods and if the deal does not close by early October the company would likely incur another $265M in losses and it will face a $300M break-up fee if the merger is blocked by regulators, calculated Reuters, citing regulatory filings. Reference Link
May 17, 2015
19:11 EDTKRFT, CPB, GIS, KTarget to reduce advertising space for certain large brands, WSJ says
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