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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:22 EDTUSNA, HLF, NUSNu Skin retreats despite stronger than expected pre-announcement
Shares of multi-level-marketing company Nu Skin (NUS) are falling, even though the company pre-announced stronger than expected fourth quarter results. WHAT'S NEW: Nu Skin estimated that its fourth quarter earnings per share would be $2-$2.02, versus analysts' consensus estimate of $1.91. The company estimated that its fourth quarter revenue would be $1.08 billion, which is slightly above expectations. Nu Skin stated that it was rescheduling its full earnings release and conference call until later this month, due to the company's ongoing review of its business in China and its desire to provide the most informed guidance possible. Nu Skin launched the review of its China business last month after Chinese regulators began probing the company. The Chinese government began an investigation into allegations, first raised by a Chinese newspaper, that Nu Skin operates an illegal pyramid scheme in the country. WHAT'S NOTABLE: Herbalife (HLF), like Nu Skin, also distributes personal care and nutritional products and operates in China. A Chinese media report last August suggested that Herbalife may be violating Chinese laws against pyramid schemes, The New York Post reported last month, adding that the government had not said that it was investigating Herbalife. PRICE ACTION: In early trading, Nu Skin dropped over 3% to $80.02 and Herbalife sank 2.7% to $67.14. A third company in the sector, USANA Health Sciences (USNA), was fractionally lower at $57.51.
News For NUS;HLF;USNA From The Last 14 Days
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November 26, 2014
08:20 EDTHLFAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
18:18 EDTHLFOn The Fly: After Hours Movers
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17:05 EDTHLFHerbalife CEO Michael Johnson raises personal share holding in company
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17:02 EDTHLFHerbalife up 1.5% to $42.50 after report CEO exercises options
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16:59 EDTHLFHerbalife CEO exercises 750K stock options, CNBC's Scott Wapner says
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10:00 EDTNUSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
06:13 EDTNUSNu Skin initiated with a Neutral at Citigroup
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November 19, 2014
10:00 EDTNUS, HLFOn The Fly: Analyst Initiation Summary
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06:14 EDTHLFHerbalife initiated with a Buy at BTIG
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06:14 EDTNUSNu Skin initiated with a Neutral at BTIG
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November 14, 2014
17:07 EDTHLFSoros Fund Management gives quarterly update on stakes
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08:07 EDTHLFHerbalife director linked to Brazilian fraud case, Reuters reports
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