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Stock Market & Financial Investment News

News Breaks
April 4, 2013
05:58 EDTWMT, COST, CLX, PG, CHDLaundry soap sales shrink as pods emerge, WSJ reports
The laundry soap business is shrinking as premeasured pod detergents from Procter & Gamble (PG) and others stop consumers from over usage, reports the Wall Street Journal. Total U.S. sales of laundry detergents slid 2.1% in the 12 months to March, according to market-information firm Nielsen, whose data excludes sales from Costco (COST) and some other retailers.Detergent sales are down 5.1% in dollar terms, to $7.06B from $7.44B.Reference Link
News For PG;COST;CHD;CLX;WMT From The Last 14 Days
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July 30, 2015
07:05 EDTPGP&G takes $2.1B charge on accounting change for Venezuelan operations
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07:03 EDTPGProcter & Gamble reports Q4 core EPS $1.00, consensus 95c
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July 29, 2015
15:08 EDTPGNotable companies reporting before tomorrow's open
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15:01 EDTPGEarnings Watch: Procter & Gamble reporting amid CEO succession
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11:41 EDTCOSTRumor: Costco moves up on renewed activist investor speculation
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08:24 EDTPGProcter & Gamble July weekly volatility elevated into Q4 and outlook
Procter & Gamble July weekly call option implied volatility is at 32, August is at 15, September is at 14; compared to its 52-week range of 10 to 19, suggesting large near term price movement into the expected release of Q4 results on July 30.
July 28, 2015
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
17:32 EDTPGProcter & Gamble appoints David Taylor CEO
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14:55 EDTWMTEarnings Watch: MasterCard reports after peers warn of currency headwinds
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08:13 EDTPGNew Procter & Gamble CEO unlikely to make major changes, says Bernstein
After The Wall Street Journal reported that Procter and Gamble had named David Taylor as its new CEO, Bernstein says the move was expected. The firm believes that the company needs changes in several areas, but it does not expect Taylor to make major changes. Bernstein keeps a $92 price target and Outperform rating on the shares.
07:11 EDTPGProcter & Gamble may issue 'safe' guidance, says Wells Fargo
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July 27, 2015
18:16 EDTPGProcter & Gamble expected to name David Taylor as next CEO, WSJ says
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17:57 EDTPGProcter & Gamble to name David Taylor as next CEO, Dow Jones says
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July 24, 2015
06:37 EDTWMTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
15:01 EDTCOSTEarnings Watch: American Express reports after several 'top pick' mentions
American Express (AXP) is expected to report second quarter earnings after the close on July 22, with a conference call scheduled for 5:00 pm ET. American Express is a global financial services company specializing in credit card and pre-paid card products and services. EXPECTATIONS: Analysts are looking for earnings per share of $1.32 on revenue of $8.46B. The consensus range is $1.23-$1.41 for EPS and $8.29B-$9.01B for revenue, according to First Call. LAST QUARTER: On April 16, American Express reported first quarter EPS of $1.48 against expectations for $1.37, and revenue of $7.95B versus estimates of $8.21B. The company reported ROE of 29% and guided towards flat to modestly down FY15 EPS as it ramps investments to offset the March 2016 expiration of its Costco (COST) partnership. NEWS: On May 12, American Express authorized the repurchase of up to 150M company shares while also raising its dividend 12% to 29c per share. During the Bernstein Strategic Decisions Conference on May 28, company executives remarked that a "range" of co-brand deals would be coming up for American Express, adding that the loss of the Costco contract was not the "be-all, end-all" for the company. On June 17, Reuters reported that a U.S. appeals court affirmed a prior ruling that American Express can no longer block businesses from steering customers towards competitor cards, such as those of Visa (V) or Mastercard (MA). STREET RESEARCH: On April 27, Nomura downgraded American Express to Neutral from Buy, citing minimal upside to 2015 and 2016 estimates amid a lack of near-term catalysts. Meanwhile, Bernstein upgraded the stock to Outperform from Market Perform on May 6. On May 18, Deutsche Bank reiterated a Buy rating and $90 price target on American Express shares, saying it sees a $750M-$850M annual revenue opportunity through the "Plenti" loyalty program coalition. On June 2, Bernstein said it expects credit card volumes to grow 10%-12% annually over the next five years, adding that American Express, Capital One (COF) and Synchrony Financial (SYF) are its favorites in the sector. Following meetings with American Express executives, Citi called American's risk/reward ratio "attractive" on June 4, and on July 8, Deutsche Bank said it was positive on credit card stocks going into second quarter earnings, with American Express named a top pick. PRICE ACTION: Shares of American Express are near flat to $78.96 ahead of Wednesday's earnings report.
13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTWMT, COSTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 21, 2015
10:01 EDTPG, CLX, CHDOn The Fly: Analyst Initiation Summary
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