New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2013
10:25 EDTMOS, MOS, MOS, CE, CE, CE, ALB, ALB, ALB, POT, POT, POT, RPM, RPM, RPM, ROC, ROC, ROC, PPG, PPG, PPG, MON, MON, MON, LYB, LYB, LYB, EMN, EMN, EMN, DD, DD, DD, AGU, AGU, AGU, CF, CF, CF, DOW, DOW, DOWBofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
U.S. Chemicals Analyst McCarthy, along with Chief Economist at Doane Advisory Services, Rich Pottorff, discuss the 2013 outlook for agriculture including key row crops, recent developments in Latin America and views on important economic drivers, such as U.S. farm income, on an Analyst/Industry conference call. Relevant companies MOS, CF, AGU, DD, EMN, LYB, MON, PPG, ROC, RPM, POT, ALB, CE and DOW may be discussed on the Analyst/Industry conference call to be held on February 14 at 11 am.
News For MOS;CF;AGU;DD;EMN;LYB;MON;PPG;ROC;RPM;POT;ALB;CE;DOW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
August 24, 2015
09:23 EDTDDGevo, Butamax enter global patent cross-license, settlement agreements
Subscribe for More Information
August 21, 2015
12:17 EDTCF, POT, MOS, DD, AGUDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
August 20, 2015
09:57 EDTAGUAgrium management to meet with Canaccord
Meeting to be held in Winnipeg, Canada on August 20.
08:30 EDTPPGPPG Industries to acquire remaining interest in Chemfil Canada JV
Subscribe for More Information
August 19, 2015
16:58 EDTEMNOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
13:30 EDTEMNOn The Fly: Top stock stories at midday
Subscribe for More Information
13:30 EDTDDOptions with increasing put volume;
Subscribe for More Information
12:45 EDTEMNRayonier Advanced Materials says legal position 'correct one and will be upheld'
Subscribe for More Information
12:24 EDTEMNRayonier Advanced Materials downgraded to Hold at Vertical Research (earlier)
Vertical Research analyst Chip Dillon earlier today downgraded Rayonier Advanced Materials (RYAM) to Hold from Buy with a $12 price target. Dillon sees increased uncertainty as the company battles its top customer Eastman Chemical (EMN) in court over a contract. Shares of Rayonier Advanced Materials are halted for news pending after declining 55% to $6.12.
12:20 EDTEMNRayonier Advanced sinks amid court battle with top customer Eastman
Rayonier Advanced Materials (RYAM) disclosed earlier today that on August 13, it filed a declaratory judgment action against Eastman Chemical (EMN) in the Superior Court of Gwinnett County, Georgia regarding the company's chemical cellulose specialty products contract with Eastman. Eastman was served with this action on August 14. The company's filing asks the court to confirm the meaning of certain "meet or release" pricing and volume provisions in the agreement that require the company, under certain circumstances, to respond to offers made to Eastman by other suppliers. Rayonier Advanced Materials seeks a declaration that these provisions apply to a maximum of 7,500 metric tons of product per year. In addition, the company has asked the court to confirm the meaning of certain contract provisions relating to pricing in future contract years. On the evening of August 12, the company learned that Eastman had filed a similar declaratory judgment action on August 4 in the Chancery Court for Sullivan County, Tennessee, concerning the same contract "meet or release" provisions. Eastman's filing seeks a declaration that all of its contracted volume is subject to the meet or release provision or, in the absence of such interpretation, that the contract is invalid. Rayonier Advanced Materials was served with that action on August 13. It believes that the "contract is valid and enforceable in accordance with its terms as to both price and volume requirements, and that the meet or release provisions should be enforced in accordance with the Company's position." Rayonier Advanced Materials sank 55%, or $7.51, to $6.12 in today's trading before being halted for news pending.
10:04 EDTCFCF Industries MLP potential increases with OCI acquisition, says dealReporter
Subscribe for More Information
August 18, 2015
09:02 EDTLYBLyondellBasell announces sale of Argentina-based Petroken
LyondellBasell announced that YPF S.A. and Grupo Inversor Petroquimica S.L. have accepted an offer to purchase LyondellBasell's Argentina-based, wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. The sale is expected to close in late 2015 following Brazilian antitrust authority approval. The transaction is valued at $145M on a debt and cash free basis. Based on working capital estimates as of June 30, 2015, expected cash proceeds are $162M. Petroken operates a 180 kiloton polypropylene plant in Ensenada and is a leading polypropylene producer in Argentina.
August 16, 2015
12:33 EDTPOTPotash shares could rally 30% by late 2016, Barron's says
Subscribe for More Information
August 14, 2015
16:57 EDTMON, CFSoros gives quarterly update on stakes, increases Facebook position
NEW STAKES: Time Warner Cable (TWC), Schwab (SCHW), Alcoa (AA), NRG Energy (NRG), and Pacira (PCRX). INCREASED STAKES: Facebook (FB), Monsanto (MON), Nextera (NEE), Qunar (QUNR), and Rovi (ROVI). DECREASED STAKES: Alibaba (BABA), General Motors (GM), Motorola Solutions (MSI), EQT Corp (EQT), and Noble Energy (NBL). LIQUIDATED STAKES: Cenovus (CVE), Kite Pharma (KITE), Tempur Sealy (TPX), CF Industries (CF), and Suncor Energy (SU).
16:44 EDTDOWThird Point gives quarterly update on stakes
NEW STAKES: Baxter (BAX), T-Mobile (TMUS), Sealed Air (SEE), Devon (DVN), and Perrigo (PRGO). INCREASED STAKES: SunEdison (SUNE), Dow Chemical (DOW), Mohawk (MHK), Yum! Brands (YUM), and IAC/InterActiveCorp (IACI). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Sensata (ST), Masco (MAS), and Delta (DAL). LIQUIDATED STAKES: Dollar General (DG), McKesson (MCK), Edgewell Personal Care (EPC), Maxim (MXIM), and FleetCor (FLT).
10:02 EDTCF, DDOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:44 EDTALBAlbemarle shares should be bought on recent weakness, says BB&T
Subscribe for More Information
06:52 EDTPOTK+S CFO says 'not opposed' in principle to Potash merger, Financial Post reports
Subscribe for More Information
05:35 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded DuPont to Overweight citing a positive risk/reward with the stock down 24% year-to-date versus a 1% rise for the S&P 500 Index. The shares at current levels offer a free cash flow yield of about 7% for 2016, Zekauskas tells investors in a research note. The chemical company also plans to repurchase $4B in shares over the coming 18 months, which could help move the stock higher, or at a minimum provide stability, the analyst argues. He raised his price target for the stock to $60 from $58. DuPont closed yesterday down 25c to $53.03.
05:29 EDTCFCF Industries upgraded to Overweight from Neutral at Barclays
Subscribe for More Information
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use