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Stock Market & Financial Investment News

News Breaks
March 15, 2012
18:26 EDTM, KFT, PGKraft Foods nominates Macy's, Procter & Gamble executives to Board
Kraft Foods (KFT) announced the nominations of Terry Lundgren and Jorge Mesquita to its Board of Directors. Lundgren is Chairman, President and CEO of Macy's (M), a premier national retailer, and Mesquita is Group President, New Business Creation and Innovation for The Procter & Gamble Company (PG).
News For KFT;M;PG From The Last 14 Days
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July 30, 2015
07:44 EDTMMacy's volatility flat into Q2 and outlook
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07:33 EDTPGProcter & Gamble reports Q4 organic sales were unchanged
Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume.
07:07 EDTPGP&G sees FY16 core EPS below to up mid-single digits versus FY15
P&G said it is projecting organic sales to be in-line to up low-single digits versus fiscal 2015. Foreign exchange is expected to be a four to five percentage point headwind on all-in sales growth. As a result, the Company expects all-in sales to be down low-to-mid single digits versus fiscal 2015 results. Consensus $75.93B. The company said it expects core earnings per share to be slightly below to up mid-single digits versus FY15 restated core EPS of $3.77. Strong operating profit growth is expected to be largely offset by a six to seven percentage point core EPS growth headwind from lower non-operating income and a higher core effective tax rate. P&G noted that foreign exchange is estimated to be a three to four percent negative impact on core EPS growth, with the vast majority of this impact affecting the first-half of fiscal 2016.
07:05 EDTPGP&G takes $2.1B charge on accounting change for Venezuelan operations
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07:03 EDTPGProcter & Gamble reports Q4 core EPS $1.00, consensus 95c
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July 29, 2015
15:08 EDTPGNotable companies reporting before tomorrow's open
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15:01 EDTPGEarnings Watch: Procter & Gamble reporting amid CEO succession
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08:24 EDTPGProcter & Gamble July weekly volatility elevated into Q4 and outlook
Procter & Gamble July weekly call option implied volatility is at 32, August is at 15, September is at 14; compared to its 52-week range of 10 to 19, suggesting large near term price movement into the expected release of Q4 results on July 30.
July 28, 2015
17:32 EDTPGProcter & Gamble appoints David Taylor CEO
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10:00 EDTMOn The Fly: Analyst Downgrade Summary
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09:00 EDTMMacy's downgraded to Sell due to 'speculative froth' at Gilford Securities
As previously reported, Gilford Securities downgraded Macy's two notches to Sell from Buy. Analyst Bernard Sosnick would use the "speculative froth" in the stock to take profits at attractive prices. Macy's shares rose to a high when Starboard Value announced its belief that Macy's is worth $125 per share based on real estate monetization. Sosnick believes its a "fool's errand" to hold on to shares for real estate value extraction and expects the speculative premium in the stock to disappear.
08:45 EDTMMacy's downgraded to Sell from Buy at Gilford Securities
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08:13 EDTPGNew Procter & Gamble CEO unlikely to make major changes, says Bernstein
After The Wall Street Journal reported that Procter and Gamble had named David Taylor as its new CEO, Bernstein says the move was expected. The firm believes that the company needs changes in several areas, but it does not expect Taylor to make major changes. Bernstein keeps a $92 price target and Outperform rating on the shares.
07:11 EDTPGProcter & Gamble may issue 'safe' guidance, says Wells Fargo
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July 27, 2015
18:16 EDTPGProcter & Gamble expected to name David Taylor as next CEO, WSJ says
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17:57 EDTPGProcter & Gamble to name David Taylor as next CEO, Dow Jones says
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July 24, 2015
10:00 EDTMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abaxis (ABAX) downgraded to Hold from Buy at Canaccord... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Dougherty... CF Industries (CF) downgraded on nitrogen outlook at RBC Capital... Capital One (COF) downgraded to Neutral from Overweight at JPMorgan... Cepheid (CPHD) downgraded to Sell from Hold at Evercore ISI... Constant Contact (CTCT) downgraded to Neutral from Outperform at Baird... Equifax (EFX) downgraded to Neutral from Outperform at Baird... Hannover Re (HVRRY) downgraded to Underweight from Neutral at JPMorgan... IAMGOLD (IAG) downgraded to Underperform from Market Perform at Raymond James... MSA Safety (MSA) downgraded to Neutral from Accumulate at Global Hunter... MTU Aero (MTUAY) downgraded to Underperform from Buy at BofA/Merrill... Macy's (M) downgraded to Underweight from Neutral at Atlantic Equities... Sunesis (SNSS) downgraded to Hold from Buy at Cantor... Superior Drilling (SDPI) downgraded to Hold from Buy at Wunderlich... TrueCar (TRUE) downgraded to Equal Weight from Overweight at Stephens... United Rentals (URI) downgraded to Outperform from Top Pick at RBC Capital... WESCO (WCC) downgraded to Equal Weight from Overweight at Stephens.
06:45 EDTMMacy's downgraded to Underweight from Neutral at Atlantic Equities
Atlantic Equities analyst Danlela Nedlalkova downgraded Macy's to Underweight with a $64 price target based on expectations of weaker topline trends. Nedlalkova said recent industry commentary and data and global tourist spending decline will likely weigh on Q2 results. The analyst believes annual comp guidance of 2% is likely optimistic with Q1 comps at (0.1%) and expectations for about a flat comp in Q2, indicating 2H comps need to accelerate to 3%-4% to meet guidance. Nedlalkova said shares have been supported by speculation of real estate monetization, but with shares at historic levels, the analyst expects weaker operating results to pressure the stock.
July 22, 2015
08:38 EDTMNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 21, 2015
10:01 EDTPGOn The Fly: Analyst Initiation Summary
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