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Stock Market & Financial Investment News

News Breaks
April 9, 2014
13:35 EDTHSY, MDLZ, NSRGYHershey melts after Goldman downgrade
Shares of chocolate maker Hershey (HSY) are falling after Goldman Sachs lowered its rating on the stock to a Sell. WHAT'S NEW: After the market closed last night, Goldman Sachs downgraded Hershey to Sell from Neutral, saying the stock is "priced for perfection" and that the company's cycle of strong earnings growth will end. Goldman lowered its price target for the stock to $90 from $105. Goldman Sachs analysts Jason English, Sean King and Manpreet Sethl were cautious on Hershey, saying that they expect the company's domestic momentum to fade. Goldman lowered its earnings per share estimates for Hershey's fiscal years 2014 through 2016 by 3%-6% to reflect lower sales and margin projections. While they said that they still perceive Hershey as a "best-in-breed company" whose international momentum will continue, the analysts believe expectations for the company are on the verge of turning more negative. OTHERS TO WATCH: Other companies in the chocolate industry include Nestle (NSRGY) and Mondelez (MDLZ), which owns Cadbury. PRICE ACTION: During afternoon trading, shares of Hershey fell $2.57 or $2.53%, to $99.15.
News For HSY;NSRGY;MDLZ From The Last 14 Days
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February 3, 2016
10:04 EDTMDLZMondelez targets 2018 adjusted OI margin of 17%-18%
Mondelez expects the cost reduction programs will drive margin expansion.
10:04 EDTMDLZMondelez sees FY16 organic revenue growth of 2%
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10:03 EDTMDLZMondelez sees 2016 global snacks category growth of 3%-4%
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09:58 EDTMDLZMondelez: Venezuela contributed 10c to 2015 adjusted EPS
09:58 EDTMDLZMondelez targets $1B-$2B buyback annually
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09:19 EDTMDLZOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 20.7%... Oclaro (OCLR), up 8.2%... Edwards Lifesciences (EW), up 5.8%... Natural Health (NHTC), up 5.7%... Viavi Solutions (VIAV), up 2.8%. ALSO HIGHER: Conatus (CNAT), up 18.8% after the FDA has granted Fast Track designation to the company's emricasan development program for the treatment of liver cirrhosis... Marvell Technology (MRVL), up 3.3% after Starboard Value disclosed a 6.7% activist stake in the company... Syngenta (SYT), up 2.9% after ChemChina offers to acquire the company in a transaction valued over $43B. DOWN AFTER EARNINGS: Navios Maritime Partners (NMM), down 33.5%... National-Oilwell Varco (NOV), down 7.9%... Chipotle (CMG), down 5.7%... Yahoo (YHOO), down 1.9%... Mondelez (MDLZ), down 4.4%... Illumina (ILMN), down 4.6%... Alexion Pharmaceuticals (ALXN), down 3.5%... Merck (MRK), down fractionally.
08:09 EDTMDLZMondelez sees FY16 EPS up double-digits
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08:08 EDTMDLZMondelez sees double-digit EPS growth in FY16
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08:04 EDTMDLZMondelez reports Q4 adjusted EPS 46c, consensus 48c
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February 2, 2016
14:32 EDTMDLZNotable companies reporting before tomorrow's open
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07:41 EDTMDLZMondelez volatility elevated into Q4 and outlook
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February 1, 2016
10:02 EDTMDLZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
07:51 EDTMDLZMondelez downgraded to Neutral from Positive at Susquehanna
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January 28, 2016
09:28 EDTHSYHershey CEO says open to growing through M&A
Hershey CEO John P. Bilbrey, speaking on the company's Q4 earnings call, said the company's balance sheet and cash flows remain strong, adding "we'll continue to be disciplined and open to sources of growth via M&A."
07:05 EDTHSYHershey sees long term constant currency net sales growth 3%-5%
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07:04 EDTHSYHershey sees FY16 EPS $4.18-$4.23, consensus $4.38
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07:02 EDTHSYHershey reports Q4 adjusted EPS $1.08, consensus $1.05
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07:00 EDTHSYHershey announces $500M share repurchase authorization
Hershey announced that its board has approved an additional $500M stock repurchase authorization to repurchase shares of its Common Stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the Common Stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey's practice of buying back shares sufficient to offset those issued under incentive compensation plans.
January 26, 2016
07:36 EDTMDLZMondelez shares should be bought at current levels, says Bernstein
Bernstein says it sees "clear catalysts" that could boost Mondolez's (MDLZ) top and bottom lines. The firm says that the company's margins could expand more than expected in the near-term and reach about 20% by 2020, partly due to product rationalization, an upgrade of its manufacturing base and headcount reductions. The firm thinks the company could combine with PepsiCo (PEP) or be acquired by Kraft-Heinz (HNZ) in 2017. Bernstein identifies the stock as a top pick for 2016.
January 25, 2016
09:33 EDTHSYHershey downgraded to Mixed from Positive at OTR Global
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