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Stock Market & Financial Investment News

News Breaks
January 6, 2014
07:14 EDTDD, DRI, HESActivist investors make inroads in M&A, WSJ reports
Aggressive investors were a driving force behind a number of deals at big companies in 2013. According to FactSet SharkWatch, there were 10 instances in 2013 in which a U.S. company agreed to break itself up or sell or exit businesses after an investor pushed it to make such changes, even if the moves didn't always satisfy the activist, reports the Wall Street Journal.Reference Link
News For HES;DRI;DD From The Last 14 Days
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January 27, 2015
16:31 EDTDDOn The Fly: Closing Wrap
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15:35 EDTHESNotable companies reporting before tomorrow's open
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12:28 EDTDDOn The Fly: Midday Wrap
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07:58 EDTDDFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
06:15 EDTDDDuPont increases cost reduction commitment to at least $1.3B by 2017
DuPont has increased its cost reduction commitment from its operational redesign by approximately $300M to at least $1.3B of total expected savings by 2017. Additionally, by the end of 2015, the company now expects annual run-rate savings of approximately $1B, significantly ahead of its previously announced schedule. In addition the company said it expects to return all or substantially all of the one-time dividend proceeds from Chemours to DuPont shareholders via share repurchases over the 12 to 18 months following the separation of Chemours. Based on the target BB credit rating of Chemours, this amount is anticipated to be approximately $4B, pending the final credit ratings and underlying business conditions for Chemours.
06:07 EDTDDDuPont sees FY15 EPS $4.00-$4.20, consensus $4.46
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06:05 EDTDDDuPont reports Q4 operating EPS 71c, consensus 71c
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January 26, 2015
17:20 EDTHESHess Corp. sees FY15 CapEx $4.7B, down 16% from $5.6B spend in FY14
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15:40 EDTDDNotable companies reporting before tomorrow's open
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11:13 EDTDDDuPont volatility flat into Q4 and outlook
DuPont January weekly call option implied volatility is at 30, February is at 19, March is at 17, July is at 16; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on January 27.
07:35 EDTDDDuPont price target raised to $87 from $75 at Susquehanna
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January 23, 2015
10:02 EDTHESOn the Fly: Analyst Downgrade Summary
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07:00 EDTHESHess Corp. downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Hess Corp to Neutral given the slowdown in onshore activity and reduced valuations in the Gulf of Mexico and Bakken. Price target cut to $72 from $85.
January 20, 2015
17:04 EDTHESOceaneering announces Hess Stampede Project umbilicals and hardware contract
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07:26 EDTDRIJefferies to hold a summit
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