New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 30, 2013
13:51 EDTHUN, NL, DD, KRO, VHICompanies advance after controversial chairman dies
Shares of Kronos (KRO), NL Industries (NL), and Valhi (VHI) are rising after Harold Simmons, who was chairman of the board at all three companies, passed away on Saturday night. WHAT'S NEW: A billionaire Dallas billionaire and philanthropist, Simmons was a controversial figure. He called President Obama "the most dangerous American alive" because, according to Simmons, the president "would eliminate free enterprise in this country." Simmons also donated tens of millions of dollars to Republican candidates and conservative causes and a number of his companies have been criticized and sued for allegedly polluting the environment. ANALYST OPINION: In a note to investors, research firm Oppenheimer said that Simmons' death will raise questions about succession, strategy and ownership issues at Kronos. About 81% of Kronos common stock was owned by Simmons, related persons and entities, with about 80% of that held by Valhi and NL Industries, according to Oppenheimer. Kronos was viewed as a consolidator in the reshuffling titanium dioxide industry, but may now be viewed as a seller at some point, Oppenheimer added. OTHERS TO WATCH: DuPont (DD) and Huntsman (HUN) have announced plans to spin-off their titanium dioxide businesses. PRICE ACTION: In mid-afternoon trading, Kronos gained 9.5% to $18.85, NL Industries rose 9.3% to $11.04, and Valhi added 1% to $15.07.
News For KRO;NL;VHI;DD;HUN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 2, 2015
10:10 EDTHUNOptions with increasing implied volatility
Subscribe for More Information
07:11 EDTHUNHuntsman price target lowered to $18 from $27 at SunTrust
SunTrust reduced its price target on Huntsman, citing the company's Q3 profit warning on 9/25 and sector multiple compression. The firm thinks the stock is undervalued versus its peers, but does not expect the stock to rebound until the end of the year, when the company;s strong 2016 free cash flow outlook will become apparent, according to the firm. It keeps a Buy rating on the shares.
October 1, 2015
10:32 EDTDDBernstein U.S. chemicals analysts hold an analyst/industry conference call
Subscribe for More Information
09:20 EDTHUNOn The Fly: Pre-market Movers
HIGHER: XOMA (XOMA), up 55.7% after announcing an agreement for anti-TGFb program with Novartis (NVS)... Sarepta Therapeutics (SRPT), up 10.6% after announcing additional clinical efficacy and safety data from the company's Phase IIb program of eteplirsen... Huntsman (HUN), up 3.8% after announcing a $150M share repurchase program... Mellanox (MLNX), up 3.2% after raising third quarter revenue guidance. DOWN AFTER EARNINGS: McCormick (MKC), down 3.4%. ALSO LOWER: Capstone Turbine (CPST), down 26.5% after announcing that its preliminary second quarter earnings were notably below management's expectations and analysts' consensus estimates... Concho Resources (CXO), down 3.9% after 7.7M share Spot Secondary priced at $92.50... AGCO (AGCO), down 3.5% after being downgraded to Sell from Neutral at UBS.
September 30, 2015
19:39 EDTHUNHuntsman announces $150M share repurchase program
Huntsman announced that its board of directors has authorized the repurchase of up to $150M of the company's common stock.
September 29, 2015
04:58 EDTHUNStocks with implied volatility movement; HUN NRF
Subscribe for More Information
September 28, 2015
16:19 EDTHUNOn The Fly: Top stock stories for Monday
Stocks on Wall Street were sharply lower as investors continue to worry about the health of China's economy and continue to flee the biotech sector. The iShares NASDAQ Biotechnology Index (IBB) was down 6.33% today and is down about 18.5% since September 21, when Democratic presidential candidate Hillary Clinton pledged to take action against the high prices of specialty drugs. Adding to the tentative mood among investors was noted investor Carl Icahn's preview for a presentation that will be made available on his site tomorrow, entitled "Danger Ahead." The preview includes several cautious comments that the billionaire has publicly made recently regarding his concerns about the high-yield bond market and the stock market. ECONOMIC EVENTS: In the U.S., personal income grew 0.3% in August, versus expectations for it to rise 0.4%. Personal spending rose 0.4% last month, versus expectations for growth of 0.3%. The pending home sales index fell 1.4% in August, missing expectations for it to have risen 0.4%. The Dallas Fed manufacturing outlook survey for September had a reading of -9.5, versus expectations for a reading of -10.0. In China, industrial profits plunged 8.8% in August, adding to the recent string of weak data from the Asian giant. COMPANY NEWS: Apple (AAPL) reported that it set a record by selling more than 13M new iPhone 6s and iPhone 6s Plus models in the first three days after launch of the devices. However, shares of the tech giant slid about 2% to $112.44 following the announcement... Alcoa (AA) shares advanced 52c, or 5.73%, to $9.59 after the company announced that its board has approved a plan to separate into two independent, publicly-traded companies - an Upstream company that will operate under the Alcoa name and a new "Value-Add company" that will provide high-performance, multi-material products whose name will be announced at a later date... Biotech stocks continued recent declines, with Valeant (VRX) dropping 16.6% after a group of Democratic congressmen urged additional scrutiny of the company's "price hike" business model, while Epizyme (EPZM) and NewLink (NLNK) fell a respective 27% and 21% after presenting data at the 2015 European Cancer Congress... Shares of both Energy Transfer Equity (ETE) and Williams (WMB) fell after they announced a combination deal valued at approximately $37.7B, including the assumption of debt and other liabilities. Under the terms of their deal, an affiliate of ETE will acquire Williams at an implied current price of $43.50 per Williams share, the companies said. In late June, Energy Transfer Equity made a proposal to merge with Williams in an all-equity transaction valued at that time at $53.1B, including the assumption of debt and other liabilities. Under that prior merger proposal, ETE would have acquired all of the outstanding common stock of Williams at an implied price of $64 per Williams share, which represented a 32.4% premium to Williams' common share closing price as of June 19. Energy Transfer Equity shares closed down $2.95, or 12.69%, to $20.29 after announcing today's revised deal, while Williams dropped $5.03, or 12.09%, to close at $36.57. MAJOR MOVERS: Among the notable gainers was Republic Airways (RJET), which surged $2.38, or 81.8%, to $5.29 after announcing that the company and Teamsters Local 357 have reached a consensual tentative agreement on the terms of a new three-year contract for the 2,100 Republic pilots represented by the International Brotherhood of Teamsters. Also higher was Media General (MEG), which gained $2.49, or 22.3%, to $13.64 after Nexstar (NXST) proposed a cash-and-stock deal to acquire the company for $14.50 per share, which Media General said it would "carefully review." Additionally, Sanchez Energy (SN) rose 4.5% to $5.57 after agreeing to sell certain Eagle Ford Shale midstream assets to Sanchez Production Partners (SPP) for $345M. Among the noteworthy losers was Huntsman (HUN), which plunged $3.99, or 28.7%, to $9.92 after warning that headwinds would impact its third quarter earnings. Also lower were shares of Depomed (DEPO) and Horizon Pharma (HZNP), falling a respective 22% and 21%, after Depomed continued its criticism of Horizon's hostile takeover bid for the company. INDEXES: The Dow fell 312.78, or 1.92%, to 16,001.89, the Nasdaq lost 142.53, or 3.04%, to 4,543.97, and the S&P 500 dropped 49.57, or 2.57%, to 1,881.77.
12:39 EDTKRO, HUN, DDHuntsman plunges after warning of continued headwinds
Shares of chemical maker Huntsman (HUN) are plunging after warning that headwinds would impact its third quarter earnings. WHAT'S NEW: After the close on Friday, Huntsman warned that certain trends are expected to impact Q3 earnings. Trends expected to impact its earnings include lower titanium dioxide selling prices amid continued foreign currency headwinds, the company said. The company also noted continued soft demand in the Asia Pacific region. Huntsman said it also sees lower MTBE, or methyl tertiary butyl ether, margins as a result of lower oil prices and forecast continued lower MDI urethane component product margins in the Asia Pacific region. Peter Huntsman, the company's chief executive officer, said the company is "optimistic about the future" despite seeing headwinds in the short term. "Lower raw material prices impacted demand and margins in Q3, thus the accounting benefits will be delayed into the fourth quarter," added Huntsman. The company is anticipating fourth quarter adjusted EBITDA similar to Q3 at about $300M, similar to last year's level. The company is committed to a separation of the Pigments and Additives business by the end of 2016 or sooner. WHAT'S NOTABLE: On August 17, Goldman Sachs removed Huntsman from its Conviction Buy List and said investors remain skeptical on value proposition and free cash flow generation that could strengthen the balance sheet is likely several quarters away. The firm continued to rate shares a Buy with a $26 price target. PRICE ACTION: In midday trading, shares of Huntsman are down 23.08% to $10.70. OTHERS TO WATCH: Other chemical companies are trading lower, including Chemours (CC), which is down 7.8%, Kronos Worldwide (KRO), down 1.62%, Dow Chemical (DOW), falling 3.94% and DuPont (DD), down 2.06%%.
10:20 EDTHUNOptions with increasing implied volatility
Subscribe for More Information
September 25, 2015
16:36 EDTHUNHuntsman sees Q4 adjusted EBITDA similar to Q3
Subscribe for More Information
September 23, 2015
09:18 EDTDDPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
September 22, 2015
10:00 EDTDDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Midstream (AM) upgraded to Outperform from Neutral at Credit Suisse... China Southern Airlines (ZNH) upgraded to Neutral from Underperform at Macquarie... DuPont (DD) upgraded to Buy from Neutral at Citi... Entergy (ETR) upgraded to Overweight from Equal Weight at Barclays... HSBC (HSBC) upgraded to Conviction Buy from Buy at Goldman... KLA-Tencor (KLAC) upgraded to Buy from Neutral at Nomura... Total (TOT) upgraded to Buy from Hold at Societe Generale.
05:44 EDTDDDuPont upgraded to Buy from Neutral at Citi
Citi analyst P.J. Juvekar upgraded DuPont to Buy saying the company has "tremendous value creation levers" to pull following the 30% pullback in shares year-to-date. Options available to management include additional cost cuts, returning more cash to shareholders, potentially splitting the company, and acquisitions, Juvekar tells investors in a research note. He raised his price target for shares to $63 from $58.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use