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February 27, 2013
11:37 EDTBTU, JOYJoy Global CEO sees early signs of a 'turning point'
On the Q1 earnings conference call ,Mike Sutherlin, President and Chief Executive Officer of Joy Global, cited reducing costs to navigate the challenging market that the company sees. The CEO does however note that there are early signs indicating "a turning point." The company CEO cites improvements in a number of tangible activities, such as China electricity production firming after declining for much of 2012, and similarly year-over-year growth in China steel production increasing steadily during the last five months of the year after bottoming in August. Sutherlin also noted that the US has been improving for the past several months, with non-residential construction pushing up equipment rental rates and industrial production finishing the year at a nine month high.
News For JOY;BTU From The Last 14 Days
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September 3, 2015
11:17 EDTJOYJoy Global expects to monetize $50M-$75M through scheduled orders in Q4
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10:28 EDTJOYHigh option volume stocks
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09:43 EDTJOYJoy Global drops sharply after earnings
At the current price of $18.91, shares are down over 14.5% on the session following an earnings miss. At current price support is at $18.53, the low of the day, and then at $18. Resistance is at the $20 area.
07:02 EDTBTUCalifornia pension funds coal divestment bill passes, Reuters reports
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06:04 EDTJOYJoy Global says headwinds resulted in steel production falling 2% through July
The company commented, "While supply curtailments continue to be announced, the decline in demand along with currency related production pressure has left the market in surplus. After settling at $93 per tonne last quarter, it is expected that the fourth quarter met coal contract will fall further as current spot prices are trending around $85 per tonne. The impacts of a declining global steel market also continue to affect the iron ore market. The combination of weakening demand and continued strong supply growth has left iron ore prices trending around $55 per tonne, although weaker demand going forward could push prices lower. Overall, the global mining industry remains strained as miners navigate through a sharp and prolonged downturn. Commodity price declines continue to reduce our customers' capital expenditure plans and delay maintenance spending. The weakening of the global economy over the last quarter has further deteriorated the supply and demand imbalances."
06:03 EDTJOYJoy Global says global macroeconomic trends weakened in last several months
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06:02 EDTJOYJoy Global sees FY15 adjusted EPS $1.80, consensus $2.43
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06:01 EDTJOYJoy Global reports Q3 bookings down 31% to $635M
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06:00 EDTJOYJoy Global reports Q3 adjusted EPS 54c, consensus 61c
Reports Q3 revenue $792M, consensus $798.73M.
September 2, 2015
14:50 EDTJOYNotable companies reporting before tomorrow's open
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August 28, 2015
10:56 EDTBTUPeabody surges despite downgrade amid bounceback in coal stocks
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09:23 EDTBTUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Big Lots (BIG), up 11.1%... Smith & Wesson (SWHC), up 4.8%... Splunk (SPLK), up 3%... Freeport-McMoRan (FCX), up 14.3% after Carl Icahn reported a 8.46% stake in the company... United Continental (UAL), up 5.8% after being added to S&P 500... Activision Blizzard (ATVI), up 5.8% after being added to S&P 500... DOWN AFTER EARNINGS: Violin Memory (VMEM), down 23.9%... bebe stores (BEBE), down 19.8%... Autodesk (ADSK), down 4.2%... Aeropostale (ARO), down 4%. ALSO LOWER: Peabody Energy (BTU), down 6.6% after Moody's downgraded the company to Caa1.
09:16 EDTBTUMoody's downgrades Peabody to Caa1
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08:33 EDTJOYJoy Global volatility elevated into Q3 and outlook
Joy Global September weekly call option implied volatility is at 63, September is at 56 October is at 54; compared to its 52-week range of 23 to 65, suggesting large near term price movement into the expected release of Q3 results on September 3.
06:02 EDTBTUPeabody implied volatility of 224 at upper end of index
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August 27, 2015
15:19 EDTBTUOptions Update; August 27, 2015
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August 26, 2015
16:26 EDTBTUOn The Fly: Top stock stories for Wednesday
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13:40 EDTBTUPeabody hires Lazard to help with debt restructuring, Bloomberg reports
Peabody Energy (BTU) has hired Lazard (LAZ) to advise it on how to restructure its $6.3B of debt, Bloomberg reports, citing two people with knowledge of the matter. Peabody is having discussions with creditors over ways to reduce its debt load, including swapping obligations for new shares or convertible notes, the report says. Reference Link
12:57 EDTBTUPeabody hires Lazard to help with debt restructuring, Bloomberg reports
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August 24, 2015
16:46 EDTBTUPresident Obama announces new renewable energy commitments
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