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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:27 EDTGE, DB, LIFE, TMOLife Technologies surges after buyout report but analysts cautious
Life Technologies (LIFE) is climbing sharply after The Financial Post reported last night that the company is looking to sell itself by the middle of February for $65-$75 per share, according to unnamed sources. The company, which sells a variety of life sciences products, hired two firms, Deutsche Bank (DB) and Moelis & Co., to facilitate a sale of the company to either a private equity firm or a larger company, the newspaper added, citing documents. Life Technologies stated earlier today that it had hired Deutsche Bank and Moelis to "assist in its annual strategic review." The company added, however, that its board had not decided on any specific course of action. In a note to investors earlier today, Jefferies analyst Jon Wood wrote that Life Technologies is more likely to be acquired for $50-$60 per share in a leverage buyout. Wood maintained a $58 price target and Buy rating on the shares. Meanwhile, Piper analyst William Quirk wrote in a note to investors that the company may be planning a leveraged buyout. Several companies including Roche (RHHBY), Thermo Fisher (TMO), and GE (GE) could look to buy Life Technologies, Quirk added. However, about 43% of Life's revenues are obtained from selling slow growth research consumables, making it an inferior target compared with other companies in the sector that specialize in faster growing next-generation sequencing products, the analyst contended. He maintained a $45 price target and Neutral rating on the shares. Additionally, ISI Group said the company's high debt levels makes a leveraged buyout challenging and that a restructuring or recapitalization is the most likely outcome. In early trading, shares of Life Technologies rallied $6.42, or 11.68%, to $61.51.
News For LIFE;TMO;GE;DB From The Last 14 Days
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July 18, 2014
09:14 EDTGEGE says not done with divestitures, likes current Oil & Gas portfolio
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08:58 EDTGEGeneral Electric says U.S. challenges persist in Healthcare
Reports Q2 Healthcare segment orders flat at $4.8B, with emerging markets up 7%, Europe up 2% and U.S. down (2%). GE cites caution from Affordable Care Act impacting U.S. activity in Healthcare segment.
08:43 EDTGEGeneral Electric says orders, backlog give confidence in second half
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07:48 EDTGEGE sees FY14 revenue flat to up 5%, consensus $148.59B
General Electric says its total year framework remains on track. GE expects strong Industrial segment growth and margin expansion in 2014. Says on track to lower Corporate expense about $500M. Sees FY14 Industrial segment organic growth 4%-7%; GE Capital flat to (5%). Comments and guidance from slides for Q2 earnings call.
07:37 EDTGEGeneral Electric reports Q2 orders up 4% to $25.1B
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06:36 EDTGEGE says it is targetting IPO of North American Retail Finance business for July
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06:34 EDTGEGE CEO Jeff Immelt: The environment continues to be generally positive
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06:33 EDTGEGeneral Electric reports backlog of equipment and services at Q2-end $246B
Reports ENI was at $371B at Q2-end, down $2.4B from last quarter. General Electric Capital Corporation’s estimated Tier 1 common ratio rose 51 basis points from the year-ago period to 11.7%, and net interest margin was strong at 5%.
06:32 EDTGEGeneral Electric reports Q2 Industrial segment profit up 9% to $4.2B
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06:31 EDTGEGeneral Electric reports Q2 EPS 39c, consensus 39c
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06:26 EDTDBMetro hires Deutsche to guide on consumer-electronics unit, Bloomberg says
Metro (MTTRY) hired Deutsche Bank (DB) to examine options for its consumer-electronics unit, according to Bloomberg, citing two people with direct knowledge of the matter. The sources said that alternatives may include a sale, spinoff or IPO of the Media-Saturn division. Reference Link
July 17, 2014
15:39 EDTGEGeneral Electric July 27 straddle priced for 2.3% move into Q2
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15:26 EDTGENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 39c; Honeywell (HON), consensus $1.36; Bank of New York Mellon (BK), consensus 56c; Johnson Controls (JCI), consensus 83c; V.F. Corporation (VFC), consensus 35c; Kansas City Southern (KSU), consensus $1.17; Autoliv (ALV), consensus $1.55.
14:04 EDTGEGeneral Electric technical comments ahead of results
The shares have traded essentially flat in the prior three months within a very narrow range. The bounds of that trading range are from $26.20 at the low to $27.53 at the high, with the bulk of the range from $26.20 to $27. Stocks that trade in such narrow ranges over this length of time are typically setting up for a break of the range and a larger move that will persist. In this case a decisive break below $26 and a breakout above $27.53 would be all that is required. If the news is more positive than expected, resistance above the range high as an upside objective would be at $28.09, the 52-week high, and then at $30.29. If the news disappoints, a break below $26 would see $24.94 and then $23.89 as next supports.
13:18 EDTGEEarnings Preview: General Electric shares little changed since Q1 report
General Electric (GE) is expected to report second quarter earnings on Friday, July 18 before the market open with a conference call scheduled for 8:30 am ET. General Electric is a globally diversified technology and financial services company serving customers in more than 100 countries. EXPECTATIONS: Analysts are looking for earnings per share of 39c on revenue of $36.3B, according to First Call. The consensus range for EPS is 38c-40c on revenue of $35.99B-$36.72B. LAST QUARTER: General Electric reported first quarter adjusted EPS of 33c against estimates for 32c on revenue of $34.18B against estimates for $34.36B. CEO Jeff Immelt said, “We’re off to a good start to the year, and our 2014 framework remains unchanged. The environment is consistent with our expectations, with a positive bias.” During GE’s Q1 earnings call, management said the U.S. market gets "a little better every day," and Europe is improving. They said there was some improvement in demand for credit in Q1. They noted the company was on track to reduce share count in 2014, and on track to achieve its margin goal in 2016. The company expected to make gains from divestitures in its industrial portfolio. In June, GE finalized a deal to purchase the Power and Grid businesses of Alstom (ALSMY), after fending off rivals Siemens (SIEGY) and Mitsubishi Heavy Industries. STREET RESEARCH: Street research has been light in the weeks leading up to GE's Q2 earnings report. On May 12, Barclays upgraded the U.S. Multi-Industry sector to Positive from Neutral. The firm's data indicated that Fed policy had extended the cycle, driving up capital spending and corporate confidence. PRICE ACTION: GE shares traded marginally higher following its Q1 report, but currently sit at approximately the same level as they did three months ago. Over the past twelve months, the stock has gained about 13%. In early afternoon trading ahead of tomorrow's Q2 report, GE shares are down almost 1% to $26.76.
10:00 EDTTMOOn The Fly: Analyst Initiation Summary
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09:23 EDTGEGE's CFM JV says signed $21.4B in new deals at Farnborough Air Show
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09:02 EDTTMOThermo Fisher to sell Cole-Palmer to GTCR for $480M in cash
Thermo Fisher Scientific has signed a definitive agreement to sell its Cole-Parmer channel business to private equity firm GTCR, LLC for $480M in cash. Thermo Fisher anticipates closing the transaction in Q3, subject to customary closing conditions and applicable regulatory approvals. The company expects an immaterial impact to 2014 adjusted EPS and will update annual guidance in its Q2 earnings release on July 23.
08:52 EDTGEGE, JV companies garner over $36B in orders/commitments at Farnborough Air Show
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06:21 EDTTMOThermo Fisher initiated with a Buy at Citigroup
Target $137.
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