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January 7, 2014
07:24 EDTMONMonsanto downgraded to Hold from Buy at Topeka
Topeka downgraded Monsanto due to valuation.
News For MON From The Last 14 Days
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October 7, 2015
12:20 EDTMONOn The Fly: Top stock stories at midday
Stocks on Wall Street opened with gains as investors grew optimistic about economic growth as oil prices continued to rally. The market moved to sharply higher gains at the outset and then stalled following the release of the weekly energy inventory report. The larger than expected build of crude oil inventories pushed the price of oil lower and took the broader equity market with it. Each of the major indices has crossed back into the green, but they are all trading close to the flat line near midday. ECONOMIC EVENTS: In the U.S., the greater than expected build up in crude oil inventories pushed WTI crude back below $48 per barrel. The EIA reported that crude oil inventories rose by 3.07M barrels, versus the consensus forecast for a 2.25M barrel build. A report on consumer credit in August is scheduled for 3 pm EDT. COMPANY NEWS: Yum! Brands (YUM) was the worst performer in the S&P 500, falling 18% after the restaurant brand owner reported worse than expected third quarter financial results and gave weaker than expected guidance amid a slower than expected recovery in its sales in China... Monsanto (MON) shares initially dropped following the company's report of worse than expected quarterly losses, but the stock recovered to be flat near noon. The genomics giant gave ongoing earnings guidance for the new fiscal year that missed expectations, but it also confirmed its five-year plan to more than double ongoing earnings per share along with announcing a new $3B accelerated share repurchase program and saying it sees cutting 2,600 jobs over next 18-24 months as part of its restructuring plans... Anheuser-Busch InBev (BUD) made a third proposal to combine with SABMiller (SBMRY), upping its offer for the rival brewing giant to 42.15 pounds a share. Altria Group (MO), SABMiller's largest shareholder, said it supports a proposal of GBP 42.15, or higher, with a partial share alternative, and would be prepared to elect the partial share alternative. However, SABmiller, said this morning that the new overture still undervalues it "very substantially." MAJOR MOVERS: Among the notable gainers was Freeport-McMoran (FCX), which jumped 10% after the company added two Carl Icahn representatives to its board. Also higher was SunEdison (SUNE), which gained 8% after the Wall Street Journal reported that the company won't complete its planned $700M purchase of Latin American Power. Among the noteworthy losers was GoPro (GPRO), which dropped 7% after Morgan Stanley lowered its price target on the stock to $35 from $62 due to disappointing Session sales. Also lower was Nu Skin (NUS), which dropped 25% after cutting its guidance for the third quarter, citing lower than expected sales of its new cosmetic oils in China during August and September. INDEXES: Near midday, the Dow was up 23.38, or 0.14%, to 16,813.57, the Nasdaq was up 0.89, or 0.02%, to 4,749.25, and the S&P 500 was up 3.28, or 0.17%, to 1,983.20.
09:41 EDTMONMonsanto says demand trends for corn remain robust
The company said the world is consuming the supply at record pace. Targets Global Corn portoflio to reach 240M acres by 2025, Intacta RR2 Pro to reach 145M acres by 2025, Roundup Ready Xtend crop system to reach 300M acres by 2025 and Crop protection to reach 125M acres by 2025.
09:40 EDTMONMonsanto targets 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 rates. Expected to deliver $3.5B gross profit growth from FY16 to FY19. Expects long-term net-debt to EBITDA ratio to be 1.5x.
09:38 EDTMONMonsanto says industry faces challenging macro environment
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09:21 EDTMONOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Constellation Brands (STZ), up 3.7%. ALSO HIGHER: Sunedison (SUNE), up 9.3% after the Wall Street Journal reported that SunEdison won't complete its $700M planned purchase of Latin American Power... Genocea Biosciences (GNCA), up 18.6% after reporting positive data from its Phase 2 trial of GEN-003... Lion Biotechnologies (LBIO), up 13.3% after obtaining an exclusive, worldwide license from the National Institutes of Health to develop and commercialize tumor-infiltrating lymphocytes therapy in four additional tumor indications... Juniper Networks (JNPR), up 3.3% after Light Reading reported that several Silicon Valley sources confirmed the speculation that Juniper Networks hired Goldman Sachs (GS) to explore interest in taking the company private. DOWN AFTER EARNINGS: Monsanto (MON), down 5%... Yum! Brands (YUM), down 15.3%. ALSO LOWER: Axion Power (AXPW), down 40.5% after reporting that it is no longer feasible or possible to complete the LCB International transaction... Advaxis (ADXS), down 20.4% following its report of a clinical hold of axalimogene filolisbac... Neonode (NEON), down 14.5% after 3.2M share Secondary priced at $1.90 and providing third quarter revenue... Adobe (ADBE), down 3.2% after providing growth target guidance for fiscal 2015 through fiscal 2018 and fiscal 2016 guidance... J.C. Penney (JCP), down 2% after being initiated with a sell at Citi.
08:47 EDTMONOptions expected to be active
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08:20 EDTMONMonsanto drops 3% after FY16 profit forecast misses expectations
08:14 EDTMONMonsanto sees cutting 2,600 jobs over next 18-24 months
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08:08 EDTMONMonsanto confirms 5-year plan to more than double 2014 ongoing EPS by 2019
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08:07 EDTMONMonsanto announces new $3B accelerated share repurchase program
Monsanto announces a new $3B accelerated share repurchase program under its current share repurchase authorization, as it progresses toward its targeted capital structure.
08:06 EDTMONMonsanto sees FY16 ongoing EPS $5.10-$5.60, consensus $6.20
With the anticipated continuation of several global and industry headwinds, Monsanto expects to achieve ongoing EPS of $5.10-$5.60 in FY16. Ongoing EPS guidance reflects in part an estimated 35c-40c of headwinds from currency, 50c-85c of headwinds from Agricultural Productivity pricing declines and 20c-30c from elevated cost of goods for corn and the anticipated launch costs of Roundup Ready Xtend soybeans. The company projects free cash flow in the range of $1.6B-$1.8B for FY16. The company expects net cash provided by operating activities to be $2.7B-$3.1B, and net cash required by investing activities to be approximately $1.1B-$1.3B.
08:03 EDTMONMonsanto reports Q4 ongoing EPS (19c), consensus (2c)
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October 6, 2015
15:08 EDTMONNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Monsanto (MON), consensus (2c)... Constellation Brands (STZ), consensus $1.32... Acuity Brands (AYI), consensus $1.62... Global Payments (GPN), consensus $1.43... RPM International (RPM), consensus 82c.
14:11 EDTMONMonsanto October weekly 88 straddle priced for 5.3% movement into Q4
13:49 EDTMONMonsanto technical notes ahead of earnings
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October 5, 2015
13:17 EDTMONMonsanto volatility elevated into Q4 and outlook
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October 2, 2015
06:45 EDTMONMonsanto volatility elevated into Q4 and outlook
Monsanto October weekly call option implied volatility is at 38, October is at 37, November is at 30; compared to its 52-week range of 14 to 34, suggesting large near term price movement into the expected release of Q4 results on October 7.
October 1, 2015
10:32 EDTMONBernstein U.S. chemicals analysts hold an analyst/industry conference call
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September 30, 2015
06:58 EDTMONMonsanto price target lowered to $110 from $130 at Deutsche Bank
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06:53 EDTMONMonsanto volatility elevated into Q4 and outlook
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