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Stock Market & Financial Investment News

News Breaks
November 15, 2012
15:47 EDTHD, TOL, FAST, USG, PHM, MASBernanke says obstacles remain in housing recovery, WSJ says
Federal Reserve Chairman Ben Bernanke acknowledged improvements in the housing market in a speech but warned of obstacles that still remain, like a "stubbornly high" level of unemployment, says the Wall Street Journal. Reference Link
News For MAS;USG;TOL;PHM;FAST;HD From The Last 14 Days
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February 9, 2016
16:53 EDTMASOn The Fly: Top stock stories for Tuesday
Stocks began the day sharply lower in the wake of a stock market selloff in Japan, but the domestic averages quickly gathered themselves and were in positive territory before long. From there stocks spent most of the day searching for direction but not moving far from the flat line. A late day rally made it seem like a green close was possible, but the averages could not hold and the market's losing streak continued, though the losses were modest. ECONOMIC EVENTS: In the U.S., wholesale sales dipped 0.3% in December, while inventories fell 0.1%. The Labor Department's Job Openings and Labor Turnover Survey showed job openings rose 261,000 in December to about 5.61M. In Asia, most major markets remain closed for Chinese New Year, but one of the exceptions, Japan, saw its main indexes plunge, as the Nikkei dropped 5.4% and the Topix fell 5.5%. COMPANY NEWS: Class A shares of 21st Century Fox (FOXA) declined 1.85% to $24.14 after the company reported lower than expected second quarter revenue and cut its 2016 outlook, while peer Viacom (VIAB) tumbled 21.5% to $32.86 following its own revenue miss. The largest name in the space, Disney (DIS), rose fractionally ahead of its own earnings report after the bell, but its shares dipped nearly 3% in after-hours trading following the company's report... Deutsche Bank (DB) continued its recent slide, falling another 1% in New York trading despite a report of co-CEO John Cryan telling employees in a memo that the bank is "absolutely rock-solid." The stock came well off its lows in afternoon trading, however, after Financial Times said the German giant is considering buying back several billion euros of its debt... Anadarko Petroleum (APC) lost 7.5% to $37.06 after slashing its dividend to 5c from 27c per share, with Anadarko Chairman and CEO Al Walker defending the step as "the appropriate action to take in the current environment." MAJOR MOVERS: Among the notable gainers was Boston Scientific (BSX), which advanced 5% to $16.87 after announcing that the government's Medicare and Medicaid will cover its Watchman cardiac device. Also higher was Salesforce (CRM), which gained 6.1% to $57.33 after being upgraded to Hold from Underperform at Jefferies, with the research firm arguing that Salesforce is seeing improved traction in enterprise and continued solid mid-market performance. In addition, Wyndham (WYN), Spirit Airlines (SAVE) and Masco (MAS) rose 2.6%, 5.8% and 8.2%, respectively, following their quarterly earnings reports. Among the noteworthy losers was ITC Holdings (ITC), which fell 1.85% to $38.65 after agreeing to be acquired by Fortis in a cash-and-stock deal valued at roughly $11.3B. Also lower were Regeneron (REGN) and Wendy's (WEN), which lost 6.3% and 4.3%, respectively, after announcing their quarterly results. INDEXES: The Dow fell 12.67, or 0.08%, to 16,014.38, the Nasdaq lost 14.99, or 0.35%, to 4,268.76, and the S&P 500 declined 1.23, or 0.07%, to 1,852.21.
11:38 EDTMASMasco upgraded to Buy from Hold at Vertical Research
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07:04 EDTMASMasco reports Q4 adjusted EPS 29c, consensus 26c
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February 8, 2016
14:28 EDTMASNotable companies reporting before tomorrow's open
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10:06 EDTMASHigh option volume stocks
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February 5, 2016
12:25 EDTUSGUSG advances as pricing and cost control drive Q4 earnings
Shares of building products company USG Corporation (USG) are advancing this morning after reporting higher than expected fourth quarter earnings. WHAT'S NEW: USG reported Q4 EPS of 42c, which handily beat analysts' expectations of 30c per share. The company reported Q4 revenue of $925M, just shy of expectations, as foreign currency unfavorably impacted net sales by $18M in the quarter. USG CEO James Metcalf attributed the improved results to margin expansion in its Gypsum and Ceilings businesses. "Improved pricing in both businesses, coupled with our cost discipline, drove this increased performance," Metcalf noted. On its quarterly earnings conference call, the CEO said the main driver for margin expansion in the quarter was improved pricing of all product categories in the Ceiling segment. The company sees continued strength in its markets in 2016 with overall demand improving 5% in most of its key markets. On its call, USG stressed that it will continue its "relentless cost control program" in 2016. WHAT'S NOTABLE: On its quarterly conference call on January 29, USG Corporation peer Eagle Materials (EXP) noted that its gypsum customers are reporting 5%-7% increase in volume needs for calendar year 2016. ANALYST VIEWS: On January 26, Credit Suisse analyst Michael Dahl downgraded USG to Underperform, saying he sees risk to consensus estimates from increased competition in ceilings and a lack of traction on wallboard pricing. The analyst views the stock's risk/reward as unfavorable and cut his price target for the name to $17 from $26. PRICE ACTION: On a negative day in the broader market, shares of USG Corporation are up almost 5%, while peer Eagle Materials is up fractionally.
08:02 EDTUSGUSG reports Q4 adjusted EPS 42c, consensus 30c
Reports Q4 revenue $925M, consensus $948.42M. Foreign currency unfavorably impacted net sales by $18M in the fourth quarter of 2015.
February 4, 2016
11:46 EDTFASTOptions with increasing put volume
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February 3, 2016
19:47 EDTHDHome Depot to hire 2,000 employees in Massachusetts, Boston Globe says
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11:37 EDTMASOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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07:35 EDTHDHome Depot hiring over 80,000 positions for spring
Home Depot is hiring more than 80,000 associates nationwide to ensure its stores are staffed for the company's busiest selling season.
January 29, 2016
11:00 EDTUSGEagle Materials says gypsum customers reporting 5-7% jump in volume needs
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07:50 EDTPHMPulteGroup risk/reward most attractive in homebuilder coverage, says UBS
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January 28, 2016
06:32 EDTPHMPulteGroup reports Q4 EPS 64c, consensus 49c
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