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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:57 EDTDOW, GLWCorning sees Q2 LCD glass market up mid single digits sequentially
Sees FY effective tax rate 20%. Sees FY Display volume growth in line with worldwide market growth, sees worldwide share remaining stable vs. last year. Sees pricing for Gorilla Glass returning to moderate declines in Q2. Says has seen stabilization in polysilicon market. Says on track to reach $1.5B in CapEx for FY14. Says hedged all expected foreign currency translation exposure for 2013 and 2014 in February 2013, says has taken actions to protect company from potential adverse translation. Says no changes in expectations for overall LCD retail and glass markets for FY14; sees retail market up in the mid to high single digits. Believes ultra high definition TV sets has opportunity to be a major demand driver in the future, sees about 10M of these TV sets shipped in 2014. Sees Q2 LCD glass market up mid single digits sequentially, sees glass volume up high single digits sequentially. Sees LCD glass price declines in Q2 significantly less than Q1. Sees Q2 Optical Communications sales up mid to high single digits vs. last year. Sees Q2 Environmental sales up in the low to mid teens y/y. Sees Specialty Materials sales up 20%-25% in Q2 vs. Q1. Sees Gorilla Glass consumption up 24% this year. Sees Q2 Life Sciences sales consistent with last year. Sees Hemlock sales up 20% over 2013. Sees Q2 equity earnings from Dow Corning approximately $40M. Sees polysilicon sales picking up until Q4. Sees Q2 gross margin 46%. Comments made on the Q1 earnings conference call.
News For GLW;DOW From The Last 14 Days
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January 29, 2015
09:29 EDTDOWDow Chemical says low oil environment to be tailwind for demand, products
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09:23 EDTDOWSenate Health, Education, Labor & Pensions Committee to hold a hearing
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09:17 EDTDOWDow Chemical: Demand fundamentals unchanged although clear pricing pressure
The company said customer orders have remained steady and sales look better in 2015 than last year.
09:09 EDTDOWDow Chemical sees FY15 CapEx $3.9B; Sees FY15 tax rate 25%-28%
09:08 EDTDOWDow Chemical sees Q1 volume YoY growth expected with steady demand
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09:06 EDTDOWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Flextronics (FLEX), up 6%... Coach (COH), up 6.3%... Autoliv (ALV), up 4.3%... Dow Chemical (DOW), up 3.5%... Ford (F), up 0.8%. ALSO HIGHER: McDonald's (MCD), up 3% after announcing CEO change...Xencor (XNCR), up 19% after reporting results from two trials... Pluristem Therapeutics (PSTI), up 8% after providing update and outlook on trials and pipeline... Avon Products (AVP), up 2.3% after naming James Scully as CFO... Omeros (OMER), up 6% after 2.996M share spot secondary priced at $20.03. DOWN AFTER EARNINGS: Alibaba (BABA), down 8%... Qualcomm (QCOM), down 6.8%... Alexion (ALXN), down 1.1% after reporting fourth quarter results, fiscal 2015 guidance, and CEO appointment. ALSO LOWER: Yahoo (YHOO), down 7% following Alibaba earnings report... Venaxis (APPY), down 72% after its APPY1 Test was determined by the FDA to not meet the criteria for substantial equivalence.
08:59 EDTDOWDow Chemical: 2015 projects an improvement in cost positions and margins
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07:03 EDTDOWDow Chemical sees lower oil prices as relative positive
Commenting on the Company’s outlook, Liveris said: “Against the backdrop of ongoing macroeconomic, currency and energy market uncertainty, we continue to see positive underlying demand fundamentals. Dow is well positioned to continue to optimize returns in this environment: Our advantaged global cost positions are enabling us to increase asset utilization, while selling into higher value sectors. Tightening supply and demand is acting to offset some of the challenges that are a result of falling oil prices. Our differentiated technologies and end-market selection will enable us to maximize returns in sectors less susceptible to pricing volatility. Our business model works across all economic cycles, as we can extract value through different parts of our integrated value chains – depending on the cycle. We believe lower oil prices are a relative positive for Dow and a boost for the global economy. We will continue to control those factors firmly within our control – demanding operational and commercial excellence, driving proactive portfolio management and productivity actions, executing financial discipline, efficiently managing our cash and investing in people, markets and assets for long-term growth."
07:02 EDTDOWDow Chemical reports Q4 adjusted EPS 85c, consensus 69c
Reports Q4 revenue $14.38B, consensus $14.48B. Volume increased in both developed geographies, up 4%, as well as emerging geographies, up 5%. Volume gains were offset by price declines driven primarily by Western Europe, down 14 %, which included currency headwinds.
January 28, 2015
15:38 EDTDOWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
15:30 EDTDOWDow Chemical upgraded to Neutral from Sell at Gilford Securities
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08:15 EDTGLWCorning investment thesis playing out, says Susquehanna
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January 27, 2015
09:18 EDTGLWCorning sees FY15 glass market up in high-single digits
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09:17 EDTGLWOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
09:17 EDTGLWCorning sees Q1 specialty material segment revenue up about 10%
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07:15 EDTGLWCorning expects to deliver overall earnings growth in FY15
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07:11 EDTGLWCorning reports Q4 core EPS 45c, consensus 38c
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January 26, 2015
15:40 EDTGLWNotable companies reporting before tomorrow's open
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13:05 EDTGLWEarnings Preview: Corning sees year-over-year sales, earnings growth in Q4
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January 22, 2015
08:37 EDTGLWCorning acquires assets of NovaSol, terms not disclosed
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