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Stock Market & Financial Investment News

News Breaks
December 18, 2012
11:02 EDTVGR, MO, BTI, PM, CIGX, RAI, LOEU proposal seeks larger cigarette warnings, ban on menthol, EurActiv says
A draft revision of EU tobacco rules, due out on Wednesday, will propose larger health warnings on cigarette packaging and a total ban on flavorings such as menthol, according to EurActiv. The proposals stop short of forcing all cigarettes to be sold in plain packets carrying graphic health warnings, but individual European governments will be free to insist on such packaging if they choose, according to the draft. Reference Link
News For LO;PM;MO;RAI;BTI;VGR;CIGX From The Last 14 Days
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July 29, 2015
17:09 EDTVGRVector Group reports Q2 EPS 15c, one estimate 18c
Reports Q1 revenue $416.17M, one estimate $398.8M.
14:14 EDTPM, BTIBAT sees 'plain packaging' legal hearing in December, Reuters says
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07:12 EDTMOAltria reports PM USA domestic cigarettes shipment volume up 3.1% in Q2
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07:05 EDTMOAltria Group raises FY15 adjusted EPS view to $2.76-$2.81, consensus $2.81
Altria raises its guidance for FY15 EPS, which excludes special items, to be in a range of $2.76-$2.81, which represents a growth rate of 7.5%-9.5% from an adjusted diluted EPS base of $2.57 in 2014. Altria expects its adjusted diluted EPS growth to moderate in the second half of 2015 versus the first-half rate due to several factors. These include lapping the effects of the 2014 improvements in the economy for adult tobacco consumers and lower gasoline prices, expected trade inventory movements and the effect of state excise tax increases. In addition, the comparative benefit from the expiration of the federal tobacco quota buy-out payments ends in the fourth quarter and Altria now estimates its FY15 effective tax rate on operations will be 35.3%.
07:03 EDTMOAltria Group announces new $1B share repurchase program
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07:02 EDTMOAltria Group reports Q2 adjusted EPS 74c, consensus 71c
Reports Q2 revenue excluding excise taxes $4.87B, consensus $4.75B. “Altria delivered excellent second-quarter and first-half results, growing adjusted diluted EPS more than 13% with a very strong performance from the smokeable products segment and solid contributions across our other businesses. Further, our tobacco companies’ brands continued to strengthen their market leadership, with record retail share on Marlboro and more than 51% combined share on Copenhagen and Skoal year-to-date,” said Marty Barrington, Altria’s Chairman, CEO and President.
July 28, 2015
15:21 EDTMONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 85c... Altria (MO), consensus 71... General Dynamics (GD), consensus $2.06... Anthem (ANTM), consensus $2.75... Praxair (PX), consensus $1.46... Northrop Grumman (NOC), consensus $2.36... McKesson (MCK), consensus $2.91... Eaton (ETN), consensus $1.13... Humana (HUM), consensus $1.63... Hilton (HLT), consensus 23c... International Paper (IP), consensus 92c... Rockwell Automation (ROK), consensus $1.54... Jarden (JAH), consensus 59c... Quintiles (Q), consensus 70c... Tableau Software (DATA), consensus 4c... Garmin (GRMN), consensus 82c... Vantiv (VNTV), consensus 54c... ADT (ADT), consensus 49c.
14:09 EDTRAI, PM, MOAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTPM, MO, RAIEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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11:56 EDTVGRVector Group management to meet with Oppenheimer
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08:02 EDTRAIReynolds American raises FY15 split-adjusted EPS view to $1.90-$2.00
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08:01 EDTRAIReynolds American approves two-for-one stock split, 7.5% dividend increase
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07:58 EDTRAIReynolds American reports Q2 EPS $1.02, consensus 97c
Reports Q2 revenue $2.4B, consensus $2.44B.
July 16, 2015
12:12 EDTPMOn The Fly: Top stock stories at midday
Stocks began the session in positive territory after Greece's Parliament approved austerity measures that should pave the way for the country to receive a new bailout package. With earnings season gaining steam and the situations in Greece and China appearing more stable in recent days, the S&P and Nasdaq are back within striking distance of their all-time highs. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 281,000 in the week ended July 11, versus expectations for 285,000 first-time claims. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The Philly Fed business outlook index dropped 9.5 points to 5.7 in July, falling short of the 12.0 reading that was expected. In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers also reportedly agreed in principle to extend a $7.6B bridge loan to Greece. The loan, which will come from the European Financial Stabilization Mechanism, should help keep Greece afloat while Prime Minister Alexis Tsipras negotiates the details of the country's three-year bailout. COMPANY NEWS: Netflix (NFLX) rallied 16% and hit a split-adjusted all-time high of $114.45 per share after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... The third-largest U.S. bank, Citigroup (C), posted second quarter profit, excluding adjustments and one-time items, of $1.45 per share, beating the $1.34 average estimate of analysts. Goldman Sachs (GS) reported Q2 earnings per share of $1.98, which fell far short of the consensus forecast of $3.89. However, the firm recorded $1.45B in net provisions for litigation and regulatory matters, which reduced EPS for the quarter by $2.77. Goldman Chairman and CEO Lloyd Blankfein said the bank was "pleased" with its quarterly performance, adding that while "uncertainty in the EU" weighed on investors’ conviction, many of its businesses continued to benefit from generally improving economic conditions. Citi shares rose 3.5% following its report, while Goldman shares slipped a bit more than 1.5%... eBay (EBAY), which is set to split from PayPal (PYPL) in just a few days, reported better than expected earnings for the still-combined company. eBay also announced an additional $1B stock repurchase authorization, bringing its total buyback allowance to $3B, and confirmed it reached a deal to sell eBay Enterprise to a consortium consisting of Sterling Partners, Permira Funds and others for $925M. MAJOR MOVERS: Among the notable gainers was Amira Nature Foods (ANFI), which advanced 16% after the company reported earnings and said it sees "double-digit" revenue growth in its new fiscal year. Also higher was Philip Morris (PM), which gained 3% after reporting better than expected earnings and revenue, excluding certain items. Among the noteworthy losers was Rovi (ROVI), which dropped 16.5% after Netflix was granted a motion of summary judgment invalidating all five of the remaining Rovi patents that were being contested in litigation between the companies. Also lower was Garmin (GRMN), which fell 9% after reporting preliminary Q2 earnings that fell short of expectations, citing the negative impact of currency movements and a "more promotional pricing environment" in the fitness segment. INDEXES: Near midday, the Dow was up 35.47, or 0.2%, to 18,085.64, the Nasdaq was up 54.08, or 1.06%, to 5,153.02, and the S&P 500 was up 14.10, or 0.67%, to 2,121.50.
09:08 EDTPMOn The Fly: Pre-market Movers
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09:00 EDTMO, PMAltria expands strategic framework with Philip Morris for e-vapor products
Altria (MO) announced that it is expanding its strategic framework with Philip Morris International (PM) to include a joint research, development and technology-sharing agreement. Under the agreement, Altria and PMI will collaborate to develop e-vapor products for commercialization in the United States by Altria and in markets outside the United States by PMI. The Agreement also provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.
07:13 EDTPMPhilip Morris, Swedish Match to dissolve smokeless JV
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07:06 EDTPMPhilip Morris CEO says Q2 results 'very solid'
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07:04 EDTPMPhilip Morris sees being near high end of FY15 adjusted EPS growth of 9%-11%
PMI reaffirms its FY15 reported diluted EPS forecast of $4.32-$4.42, at prevailing exchange rates. On an adjusted basis, diluted EPS are projected to increase in the range of 9%-11% versus adjusted diluted EPS of $5.02 in 2014, with PMI anticipating that its currency-neutral adjusted diluted EPS growth rate will be towards the upper end of 9%-11%. Consensus $4.41. "While currency headwinds remain stubbornly high, we are ever focused on the prudent management of cash flow. We are committed to returning around 100% of our free cash flow to shareholders, said CEO Andre Calantzopoulos.
07:01 EDTPMPhilip Morris reports Q2 adjusted EPS $1.21, consensus $1.13
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