New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
20:25 EDTOMN, OMN, MON, MON, AYI, AYI, UNF, UNFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Monsanto (MON), consensus $3.07; Acuity Brands (AYI), consensus 84c; UniFirst (UNF), consensus $1.39; OMNOVA Solutions (OMN), consensus 6c.
News For MON;AYI;UNF;OMN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 18, 2015
09:54 EDTMONMonsanto expects core pipeline to deliver up to $25B of peak net sales
The company said innovation is expected to underpin 80% of the gross profit growth to 2019. It expects the company is tracking toward the 3rd straight year of greater than 20 pipeline advancements. Comments taken from slides for Monsanto Biennial Investor Event.
06:03 EDTMONBayer says not looking to sell crop chemicals business, Reuters reports
Bayer (BAYRY) says its Bayer CropScience unit is an "integral part" of the company and that the division is not for sale, Reuters reports. Bayer's comments come after Monsanto (MON) executives said that it is in internal discussions about tie-ups in the industry. Reference Link
06:01 EDTMONMonsanto studying possibility for consolidation in agrochem sector, Reuters says
Subscribe for More Information
November 17, 2015
16:26 EDTMONOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street see-sawed throughout the day and eventually finished the day mixed, with solid earnings reports from both Wal-Mart (WMT) and Home Depot (HD) helping the Dow notch a small gain while the S&P recorded a small loss. The averages looked to be set to extend yesterday's advance, but weakened during the afternoon following news of a stadium evacuation in Europe that unsettled investors and put a halt to the rally. The market struggled into the close but avoided a big selloff as headlines crossed that police in Germany found no explosives at the site of the game cancellation in Hanover. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.2% in October, as expected. When food and energy prices are stripped out, the "core" CPI also rose 0.2%, also matching the consensus forecast. Industrial production slid 0.2% in October, versus expectations for it to have risen 0.1%. Capacity utilization came in as expected at 77.5%. NAHB's home builder sentiment index fell 3 points to 62 in November, versus expectations for a reading of 64. COMPANY NEWS: Shares of Wal-Mart advanced 3.5% to $59.92 after the world's largest retailer reported better than expected quarterly earnings and gave a fiscal year profit outlook that was higher than expected at the midpoint of the company's range. Another retail giant and fellow Dow member, Home Depot, gained 4.4% to $126.18 while TJX (TJX), owner of the TJ Maxx and HomeGoods brands, rose nearly 4% to $68.18 after their own better than expected quarterly reports. Missing out on the retail rally, however, was Dick's Sporting Good (DKS), which tumbled 9.4% to $36.96 after giving guidance for the holiday quarter and fiscal 2015 that missed consensus estimates. MAJOR MOVERS: Among the notable gainers was Airgas (ARG), which jumped $31.17, or 29.39%, to $137.35 after agreeing to be acquired by Air Liquide for $143 per share. Also higher was Syngenta (SYT), which advanced $6.69, or 9.24%, to $79.06 after Monsanto (MON) Chief Operating Officer Brett Begemann told reporters the company is weighing another attempt at acquiring the Swiss firm. Among the noteworthy losers were GNC (GNC), Vitamin Shoppe (VSI), and Natural Health (NHTC), which dropped a respective 6.4%, 5%, and 15.4% after the Department of Justice said in a media advisory that it would announce actions related to dietary supplements sales and unlawful ads. Shares in the publicly traded companies came off their lows, but did not fully recover heading into the close, after the agency announced that its criminal case was charging USPlabs and that its five civil cases were against a number of smaller businesses. Also lower was SunEdison (SUNE), which fell $1.54, or 33.74%, to $3.02, with Oppenheimer attributing the selloff to "unsubstantiated rumors" regarding its liquidity and Deutsche Bank saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors who are focused on the balance sheet. Additionally, Adeptus (ADPT) declined 22.3% to $46.50 after an NBC affiliate published an investigative report scrutinizing billing practices at freestanding emergency rooms in Colorado. INDEXES: The Dow rose 6.49, or 0.04%, to 17,489.50, the Nasdaq gained 1.40, or 0.03%, to 4,986.02, and the S&P 500 slipped 2.75, or 0.13%, to 2,050.44.
13:19 EDTMONMonsanto weighs another takeover offer for Syngenta, Bloomberg reports
Monsanto (MON) is weighing another takeover attempt for Syngenta (SYT) after China National Chemical Corporation made an offer for Syngenta, Bloomberg reports. Monsanto is having internal discussions over the benefits of a new offer, the report says, citing comments from COO Brett Begemann in front of reporters in St. Louis. Reference Link
12:54 EDTMONMonsanto targets over 1.3B acres of technology upgrades from platforms by 2025
During Monsanto company's Biennial Investor Event, the company will note that it operates from a global footprint of more than 400M acres currently using its technologies, with the company anticipating more than 1.3B acres of next-generation technology upgrades by 2025. Approximately 800M acres of upgrades are expected to come from its core growth drivers like Intacta RR2 PRO soybeans, Roundup Ready 2 Xtend soybeans and from its global corn portfolio. The company anticipates another 550M-900M acres of technology upgrades from its new growth platforms, including 300M-400M acres from the Climate FieldView digital agronomic platform and 250M-500M acres from the BioAg Alliance with Novozymes.
12:51 EDTMONMonsanto sees more than 20% CAGR in ongoing EPS from end of FY16 to FY19
Subscribe for More Information
12:48 EDTMONMonsanto confirms FY16 EPS view of $5.10-$5.60, consensus $5.33
Subscribe for More Information
11:34 EDTMONMonsanto to host two day biennial investor event
Subscribe for More Information
11:27 EDTMONMonsanto still sees earnings doubling by 2019, Bloomberg reports
Monsanto (MON) COO Brett Begemann told reporters ahead of the company's biennial investor event tomorrow that his company still expects its earnings to double between 2014 and 2019, according to Bloomberg. Begemann added that Monsanto management is internally discussing making another takeover approach to Syngenta (SYT), the news agency added. Begemann noted that acquisitions are not needed for Monsanto to double earnings by 2019. He expects 20% earnings growth in 2017, 2018 and 2019, Bloomberg reports.
11:24 EDTMONSyngenta jumps 3% after Monsanto says discussing another approach
Subscribe for More Information
11:23 EDTMONMonsanto COO says internally discussing another Syngenta approach
Subscribe for More Information
November 16, 2015
17:10 EDTMONSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
November 12, 2015
18:29 EDTMONSyngenta rejects initial $42B bid from ChemChina, Bloomberg says
Syngenta rejected that offer citing regulatory risk, however Syngenta and ChemChina are continuing talks, Bloomberg added. Syngenta is also talking to other suitors and has had previous discussions with both DuPont (DD) and Monsanto (MON) earlier this year. Reference Link
November 10, 2015
10:53 EDTMONMonsanto says capital outlook in 'billion-plus' range
Sees "similarly balanced" capital allocation strategy moving forward. Says has plans to continue to allocate capital in the same way it's been done over the past few years. Says capital outlook is in the "billion-plus" range.
10:51 EDTMONMonsanto sees adding over 800M acres in new tech upgrades by 2025
Sees "very compelling" runway for agriculture. Says focus on expansion of core drivers underpins confidence in FY19 targets. Sees potential for over 800M acres of new technology upgrades by 2025. Says "confident" in future rebound in industry.
10:42 EDTMONMonsanto says investment in dicamba manufacturing capacity about $1B
Subscribe for More Information
07:43 EDTMONMonsanto says seeking to more than double FY14 ongoing EPS by FY19
Sees Q1 ongoing EPS (33c)-(23c), may not compare to consensus 6c. Says glyphosate pricing, Brazilian Real and South America corn acreage declines primary drivers of expected decline vs. 1Q15. Says demand trends for corn remain "robust." In FY16, expects mid-to-high single digit growth in gross profit from strength in core business; new corn hybrids globally, Intacta RR2 PRO penetration and licensing opportunities. Expects Ag segment segment to generate ~$900M to $1.1B of gross profit while remaining disciplined in premium pricing strategy to reflect brand equity. Says will implement plans to drive further optimization of operating leverage and COGS targeting $500M of cost savings by the end of FY18; remain committed to investing in new growth platforms. Accelerate capital allocation strategy through new $3B accelerated share repurchase program and progress to net debt to ongoing EBITDA target ratio of 1.5x. Says seeking to more than double FY14 ongoing EPS by FY19. Expects more than 20% EPS growth starting in FY17. Global currencies are assumed to be relatively stable with the end of FY15 with rates and corn price recovery to $4.50+. Comments from slides that will be presented at the Morgan Stanley Global Chemicals and Agriculture Conference.
07:40 EDTMONMonsanto sees Q1 ongoing EPS (33c)-(23c), may not compare to consensus 6c
Subscribe for More Information
07:31 EDTMONMonsanto continues to see FY16 ongiong EPS $5.10-$5.60, consensus $5.34
Monsanto Company's Kerry Preete, executive vice president of global strategy, will address investors in Boston today at the Morgan Stanley Global Chemicals & Agriculture Conference. Preete will discuss product performance, the company's strategic initiatives, long-term growth drivers and future expectations, and other matters related to the company's business. Preete's session will begin at 10:15 a.m. ET. At today's event, Preete will indicate that Monsanto continues to expect to achieve ongoing EPS of $5.10 to $5.60 in fiscal year 2016, with EPS on an as-reported basis updated to reflect additional estimated restructuring charges. These additional estimated charges are early estimates for the cost of the supplemental phase of restructuring actions, which, in combination with cost savings initiatives, is now expected to generate up to $200 million of savings, bringing the total estimated savings to $500 million by the end of fiscal year 2018. The company now expects EPS on an as-reported basis to be $4.00 to $4.66 in fiscal year 2016. The company also continues to project free cash flow in the range of $1.6 billion to $1.8 billion for fiscal year 2016. The company expects net cash provided by operating activities to be $2.7 billion to $3.1 billion, and net cash required by investing activities to be approximately $1.1 billion to $1.3 billion.
1 | 2 >>

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