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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:25 EDTMDLZMondelez proxy fight weighed by Peltz, NY Post says
Activist investor Nelson Peltz, who owns over a 2% stake in Mondelez, is weighing a proxy fight in which he would nominate himself and perhaps a few other candidates to the board, according to The New York Post, citing a source. If he decides to make the move before the Jan. 21 deadline, Peltz may pressure Mondelez management to increase margins and possibly explore selling its coffee business, according to the report. Reference Link
News For MDLZ From The Last 14 Days
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July 31, 2015
10:02 EDTMDLZOn The Fly: Analyst Downgrade Summary
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08:30 EDTMDLZMondelez price target raised to $49 from $43 at RBC Capital
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07:15 EDTMDLZMondelez price target raised to $49 from $44 at JPMorgan
JPMorgan raised its price target for Mondelez to $49 saying it continues to see upside in the stock following the company's Q2 results. It reiterates an Overweight rating on the name. Goldman Sachs this morning downgraded Mondelez to Neutral.
05:28 EDTMDLZMondelez downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Jason English downgraded Mondelez to Neutral saying the current valuation better reflects the company's cost-cuts and earnings visibility. English raised his price target for shares to $46 from $43.
July 30, 2015
18:13 EDTMDLZOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
16:00 EDTMDLZOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
10:32 EDTMDLZMondelez sees FY15 adjusted OI margin about 14%, 15%-16% in FY16
Sees FY15 adjusted OI margin of about 14%, excluding stranded costs. Says "increasingly confident" in 2016 adjusted OI margin target of 15%-16%. Says updated 2015 outlook reflects strong YTD performance and continued transformation progress, largely offsetting dilution from coffee transaction and near-term impact of stranded overhead costs. Comments from slides that will be presented on the Q2 earnings conference call.
09:25 EDTMDLZOn The Fly: Pre-market Movers
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08:10 EDTMDLZMondelez board approves $6B increase to share repurchase authorization
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08:07 EDTMDLZMondelez backs FY15 EPS view of double-digit growth on constant currency basis
Raises FY15 revenue guidance to up 3%+ from up 2%+.
08:06 EDTMDLZMondelez reports Q2 adjusted EPS 47c, consensus 39c
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July 29, 2015
15:08 EDTMDLZNotable companies reporting before tomorrow's open
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14:02 EDTMDLZMondelez invests more than $130M in North American biscuits business
Mondelēz International announced an investment of more than $130M in its North American biscuits business, as the company continues its journey to modernize its manufacturing assets and processes and create a global best-in-class integrated supply chain. This investment will fund the installation of four state-of-the-art manufacturing lines "Lines of the Future" at the company's Americas production facility in Salinas, Mexico, which opened late last year. This investment in these Lines of the Future will be completed by mid-2016 and will replace nine older, inefficient manufacturing lines at its Chicago biscuit plant. This announcement builds on the company's earlier manufacturing investments of more than $170M in manufacturing lines at its U.S. biscuit plants in Fair Lawn, N.J., Naperville, Ill. and Richmond, Va., as well as additional investments in recent years in technologies and capabilities within its North American supply chain.
11:08 EDTMDLZMondelez August volatility elevated into Q2 and outlook
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July 23, 2015
05:23 EDTMDLZStocks with implied volatility movement; MDLZ CLF
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