New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2012
06:25 EDTRAI, MO, LOAltria, Reynolds, Lorillard to recoup $1.5B in credits, WSJ reports
Altria (MO), Reynolds (RAI) and Lorillard (LO) are expecting to recoup over $1.5B in credits after reaching agreement with 17 states in a decade-old dispute over payments tied to a landmark tobacco settlement, reports the Wall Street Journal. Reference Link
News For LO;MO;RAI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 27, 2015
07:13 EDTMOUBM Tech to hold a conference
Subscribe for More Information
April 26, 2015
19:44 EDTRAI, LOFTC expected to approve Reynolds, Lorillard merger, NY Post says
Subscribe for More Information
April 24, 2015
08:00 EDTMOAltria Group a top pick, should be bought, says Cowen
Subscribe for More Information
April 23, 2015
07:16 EDTMOAltria reports PM USA Q1 domestic cigarettes shipment volume up 1.6%
Subscribe for More Information
07:15 EDTMOAltria Group backs FY15 adjusted EPS view $2.75-$2.80, consensus $2.80
The company said: “Altria delivered strong operating and financial results in the first quarter, growing adjusted diluted EPS by 10.5% on the strength of our core tobacco businesses and their leading premium brands. In the smokeable segment, PM USA’s steady investments in Marlboro continued to strengthen the brand’s leadership position. In the smokeless segment, USSTC grew its volume, supported by retail share gains from Copenhagen and Skoal combined. And Nu Mark began shipping its next generation e-vapor product, MarkTen XL, into lead markets.”
07:14 EDTMOAltria Group reports Q1 adjusted EPS 63c, consensus 62c
Reports Q1 revenue ex-excise taxes $4.27B, consensus $4.13B.
April 22, 2015
15:55 EDTMOAltria Group technical notes before earnings
The shares had been in stable uptrend until hitting a recent peak in price in early March. That peak was at the 52-week high at $56.70. That high on good news would be the first test of resistance. A breakout above that high would see next probable upside at $58.96 and then at $60. The key level to watch if the news is bearish is at the $50 level. A breakdown below that level would confirm a snap of the longer-term uptrend. Next support levels to watch would be at $49.03, $47.88, and $46.72.
15:50 EDTMONotable companies reporting before tomorrow's open
Subscribe for More Information
15:14 EDTMOEarnings Watch: Altria Group sees FY15 EPS of $2.75-$2.80
Subscribe for More Information
April 20, 2015
15:16 EDTLO, RAIGreenlight starts new GM long position, rolls Lorillard short bet to Reynolds
David Einhorn's Greenlight Capital hedge fund said in its latest quarterly letter to investors that it had established new long positions in General Motors (GM), Chicago Bridge & Iron (CBI) and AerCap Holdings (AER) last quarter. WHAT'S NEW: Greenlight believes GM should benefit from low gas prices, low raw material costs, and its decision to launch share buybacks, Greenlight stated. GM has an excellent chance of beating 2015 EPS expectations, added the firm. Einhorn's group said they found the valuation of Chicago Bridge and Iron, an engineering and construction company with significant exposure to energy, attractive following the stock's decline. Although energy prices may stay low for some time, the company has a significant backlog that should support its earnings for several years, Greenlight stated. Additionally, the market is overestimating how much of the cost overruns for two nuclear energy projects with be shouldered by the company, Greenlight contended. AerCap, the largest publicly traded aircraft leasing company, bought AIG's (AIG) aircraft leasing business last year at a bargain price, Greenlight stated. The combined business will benefit from AerCap's low tax rate, as well as efficiencies, the hedge fund believes. WHAT'S NOTABLE: Greenlight exited its short position in Lorillard (LO). Greenlight noted that it has rolled its short bet on Lorillard into a fresh position in Reynolds American (RAI), since it still believes that the FDA is gearing up to do "something major" in terms of regulation of menthol cigarettes, but is moving "slowly and deliberately" because it anticipates an extremely aggressive industry response. The firm also exited two other short positions because the companies agreed to takeovers: Safeway (SWY) and Freescale Semiconductor (FSL), which has agreed to sell itself to NXP Semicondictors (NXPI).
14:16 EDTRAI, LOEinhorn lists AerCap, CBI, GM as new longs, Bloomberg reports
Subscribe for More Information
07:25 EDTRAIReynolds American reported strong Q1 results, says Wells Fargo
Subscribe for More Information

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