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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:57 EDTGLW, DOWCorning 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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October 21, 2014
07:02 EDTDOWDow Chemical October weekly volatility elevated into Q3 and outlook
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October 15, 2014
13:16 EDTGLWCorning upgraded to Buy from Hold at Standpoint Research
12:41 EDTDOWDow Chemical receives EPA registratoin for commercialization of Enlist
Dow Chemical announced it has received registration from the Environmental Protection Agency for its Enlist Duo herbicide for use with Enlist corn and soybeans. The Company expects sales of the Enlist Weed Control System to deliver significant value over the near and long term, and intends to release its market intentions in the coming weeks.
09:38 EDTDOWActive equity options trading on open
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07:32 EDTDOWUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
October 14, 2014
10:01 EDTGLWOn The Fly: Analyst Downgrade Summary
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08:13 EDTGLWCorning downgraded to Neutral from Buy at BofA/Merrill
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06:02 EDTGLWCorning downgraded to Neutral from Buy at BofA/Merrill
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October 13, 2014
07:15 EDTDOWNational Association of Corporate Directors to hold a conference
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October 9, 2014
10:00 EDTDOWOn The Fly: Analyst Initiation Summary
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October 8, 2014
16:29 EDTDOWU.S. Chemicals sector initiated with an Overweight at RBC Capital
RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.
16:19 EDTDOWDow Chemical initiated with an Outperform at RBC Capital
Target $66.

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