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Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:33 EDTMNKD, CELG, AGU, APOL, XLRN, MON, LQDTOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after payroll provider ADP estimated that employers added 191K jobs in March. The jobs addition was slightly less than expected, but a figure near 200K still may add confidence that Friday's jobs report from the Department of Labor may be an encouraging one. ECONOMIC EVENTS: ADP estimated that private payrolls increased 191K in March, which fell just short of the 193K consensus estimate. Factory orders grew by 1.6% in February, versus expectations for an increase of 1.2% in the month. COMPANY NEWS: Agribusiness giant Monsanto (MON) rose 1.5% after reporting better than expected earnings and revenue for its just-completed second quarter and confirming its fiscal year profit guidance. Another agricultural products maker, fertilizer producer Agrium (AGU), slid over 2% after warning that the late spring season this year is expected to impact the timing of its wholesale, and to a lesser extent its retail, earnings. MAJOR MOVERS: Among the notable gainers was MannKind (MNKD), which surged more than 77% after an FDA advisory panel voted to recommend its Afrezza inhalation powder to treat type 1 and type 2 diabetes. Also higher was Acceleron Pharma (XLRN), which rose 15% after its larger partner Celgene (CELG) reached a deal to raise its stake in Acceleron to 14.8% by acquiring 1.1M Acceleron shares from five current stockholders. Among the noteworthy losers was Liquidity Services (LQDT), which dropped 11% after RW Baird said the company's high bid for the Non-Rolling Stock portion of the Defense Logistics Agency’s surplus liquidation contract is "quite a bit" higher than it expected. Also lower was Apollo Education (APOL), which fell 8% near noon despite an upgrade of its shares at Wells Fargo after the company's Q2 revenue missed expectations and it also disclosed the receipt of a subpoena by its University of Phoenix unit from the Office of the Inspector General of the U.S. Department of Education. INDEXES: Near midday, the Dow was up 19.39, or 0.12%, to 16,552.00, the Nasdaq was up 5.39, or 0.13%, to 4,273.43, and the S&P 500 was up 4.81, or 0.26%, to 1,890.33.
News For MON;AGU;MNKD;XLRN;CELG;LQDT;APOL From The Last 14 Days
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June 24, 2015
08:06 EDTMONMonsanto reports Q3 Seeds and Genomics sales $3.2B
Net sales in the Seeds and Genomics segment for Q3 were $3.2B, versus $3B the same period last year. In corn, the company continues to see demand for its newer hybrids and technologies. Exclusive of currency headwinds, the company expects to deliver positive germplasm mix lift for the full year. Additionally, the company continues to achieve footprint expansion even in the difficult ag environment, remaining on track to hold or grow branded share in every major market. The company continues to see progress with its Intacta RR2 PRO performance. Reaching a record 15 million acres across South America this season, the product continues its record-setting progress with high adoption and performance. The product achieved a greater than four bushel per acre average yield advantage in its second-year of commercialization in Brazil. Within its U.S. soybean business, the company expects growth in its Roundup Ready 2 Yield platform again this season, as farmers continue to choose the product across its branded and licensing businesses.
08:04 EDTMONMonsanto sees Q4 results break-even
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08:03 EDTMONMonsanto reaffirms FY15 ongoing EPS view at low end of $5.75-$6.00 view
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08:02 EDTMONMonsanto reports Q3 ongoing EPS $2.39, consensus $2.07
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08:02 EDTMONMonsanto reports Q3 ongoing EPS $2.39, consensus $2.07
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06:09 EDTMONOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
June 23, 2015
16:29 EDTMONOn The Fly: Top stock stories for Tuesday
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14:57 EDTMONNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Monsanto (MON), consensus $2.06... Lennar (LEN), consensus 64c.
13:56 EDTMONSyngenta chairman says Monsanto offer insufficient, Finanz und Wirtschaft says
Syngenta (SYT) chairman Michel Demare confirmed his company's rejection of Monsanto's (MON) offer as the current terms are "unacceptable," Demare said in an interview with Finanz und Wirtschaft, and added that while the current offer is "insufficient," there is a willingness to negotiate. Reference Link
13:55 EDTMONMonsanto technical notes ahead of earnings
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10:31 EDTMONMonsanto says Bayer crop chemicals unit an option, Bloomberg reports
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06:42 EDTMONMonsanto CEO: company not deterred by Syngenta rejections, WSJ reports
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05:28 EDTMONSyngenta chairman reaffirms position regarding Monsanto proposal
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June 22, 2015
11:59 EDTMONMonsanto June weekly volatility elevated into Q3 and outlook
Monsanto June weekly option implied volatility is at 39, July is at 22, October is at 22; compared to its 52-range of 14 to 27, suggesting large near term price movement into its expected release of Q3 results on June 24.
June 19, 2015
08:39 EDTMONMonsanto volatility elevated into Q3 and outlook
Monsanto June weekly option implied volatility is at 29, July and October is at 22; compared to its 52-range of 14 to 27, suggesting large near term price movement into its expected release of Q3 results on June 24.
June 17, 2015
10:00 EDTAGUOn The Fly: Analyst Downgrade Summary
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08:34 EDTAGU, AGUAgrium downgraded to Underperform at CLSA
As previously reported, CLSA downgraded Agrium to Underperform and from Outperform and reduced its price target to $110 from $120. The firm's analyst said peak nitrogen may be a few years away but peak expectations are here and any decline will offset gains management has made in the turnaround in Retail.
07:32 EDTCELGCelgene announces additional $4B share repurchase authorization
Celgene Corporation announced that during its June meeting the company's Board of Directors authorized the repurchase of up to an additional $4B of the company's common stock. This open-ended program is effective immediately. Purchases may be made in the open market or in privately negotiated transactions from time to time, as determined by Celgene's management and in accordance with the requirements of the Securities and Exchange Commission. Celgene now has a total of approximately $5.2B remaining from previous authorizations plus the new authorization. Since 2009, Celgene has returned approximately $12.3B to shareholders through the repurchase program.
06:19 EDTAGU, AGUAgrium downgraded to Underperform from Outperform at CLSA
CLSA downgraded Agrium to Underperform and from Outperform and reduced its price target to $110 from $120.
06:14 EDTAGUValueAct raises stake in Agrium to 6.8% from 5.7%
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