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Stock Market & Financial Investment News

News Breaks
August 1, 2014
16:24 EDTPG, CVX, BYI, MGAM, SGMS, VCRA, WWWWOn The Fly: Closing Wrap
Stocks on Wall Street opened in negative territory and remained there for most of the session, capping a down week with a down day. The averages made it into positive territory for a short time during the morning hours but were never able to build any momentum. Investors were hit with a heavy dose of information, including more corporate earnings, the monthly U.S. jobs report, data on personal income and spending, construction spending and domestic manufacturing, along with manufacturing PMI readings from China. ECONOMIC EVENTS: In the U.S., non-farm payrolls rose 209K in July, missing the 230K forecast. The unemployment rate rose to 6.2% from 6.1% previously. Personal income rose 0.4% in June, with spending up 04% as well, and both of those matched expectations. The final reading of the University of Michigan consumer sentiment index for July came in at 81.8, which was in-line with expectations. seen 81.9; previously 81.3. ISM's manufacturing PMI for July rose to 57.1, beating expectations for a more modest rise to 56.0. Construction spending dropped 1.8% in June, versus expectations for it to have risen 0.4%. In China, the government's official manufacturing PMI for July came in above expectations at 51.7, though the HSBC-Markit PMI came in at 51.7, missing the median forecast of 52.0. COMPANY NEWS: Shares of Procter & Gamble (PG) advanced $2.33, or 3.01%, to $79.65 to lead the Dow Jones Industrial Average after the company's core earnings per share beat expectations and it said it intends to pare back its portfolio to focus on the 70 to 80 "core" brands that make up about 90% of its revenue... Another member of the Dow, Chevron (CVX), moved in the opposite direction, falling $1.34, or 1.04%, to $127.90 after its own earnings report. The oil major also lowered its FY14 production view by 1%-2%, citing weather, asset sales and a shutdown at its Angola LNG site as negative production drivers. MAJOR MOVERS: Among the notable gainers was Bally Technologies (BYI), which surged $17.53, or 29.13%, to $77.70 after the company agreed to be acquired by Scientific Games (SGMS) for $5.1B, or $83.30 per share. Another company in the same sector, Multimedia Games (MGAM), rose $2.21, or 9.16%, to $26.33, while Scientific Games gained 24c, or 2.81%, to $8.78 following the announcement of the deal. Among the noteworthy losers was Vocera (VCRA), which fell $3.42, or 27.21%, to $9.15 and was downgraded to Hold from Buy at Craig-Hallum and cut to Equal Weight from Overweight at Stephens following the company's Q2 report and lowered FY14 guidance. Also lower were shares of Web.com (WWWW), which dropped $6.43, or 24.22%, to $20.12 and was downgraded at SunTrust and BWS Financial after its own quarterly report. INDEXES: The Dow dropped 69.93, or 0.42%, to 16,493.37, the Nasdaq fell 17.13, or 0.39%, to 4,352.64, and the S&P 500 declined 5.52, or 0.29%, to 1,925.15.
News For PG;CVX;BYI;MGAM;SGMS;VCRA;WWWW From The Last 14 Days
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October 24, 2014
08:59 EDTPGProcter & Gamble expects headwinds facing industry to continue
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07:07 EDTPGProcter & Gamble reports Q1 organic volume unchanged from prior year
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07:05 EDTPGProcter & Gamble reiterates FY15 organic sales growth, core EPS growth view
P&G reiterated its organic sales growth and core earnings per share growth guidance ranges for FY15. P&G added that the quarterly profile of earnings will be heavily influenced by the variation of foreign exchange impacts from period-to-period. The company expects significant negative sales and earnings impacts from foreign exchange in the October-December 2014 quarter. The company continues to expect organic sales growth in the low-to-mid single digit range. Net sales growth is now expected to be in-line to up low single digits versus the prior fiscal year, including a negative two point impact from foreign exchange. P&G maintained its outlook for core earnings per share growth in the range of mid-single digits. All-in GAAP diluted net earnings per share are now expected to be down two percent to down five percent versus the prior year, including approximately 55c per share of non-core charges, primarily from 20c per share of non-core restructuring charges and 32c of impairment charges.
07:04 EDTPGProcter & Gamble announces plans for Duracell exit
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07:02 EDTPGProcter & Gamble reports Q1 core EPS $1.07, consensus $1.07
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October 23, 2014
15:44 EDTPGProcter & Gamble October weekly 83 straddle priced for 2% move into Q1
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15:39 EDTPGNotable companies reporting before tomorrow's open
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09:01 EDTCVXChevron announces oil discovery in deepwater U.S. Gulf of Mexico
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06:25 EDTPGLuxottica announces arrival of co-CEO for Markets Adil Mehboob-Khan
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06:13 EDTPGProcter & Gamble narrows potential CEO successors to four, WSJ reports
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October 22, 2014
18:14 EDTPGProcter & Gamble narrows pool of potential CEO candidates, WSJ says
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14:20 EDTPGProcter & Gamble October weekly volatility increases into Q1 and outlook
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12:09 EDTPGLuxottica to name P&G executive as co-CEO, Bloomberg says
Eyeglass maker Luxottica (LUX), which is in the midst of a boardroom upheaval, will name Procter & Gamble (PG) executive Adil Mehboob-Khan as a co-CEO, says Bloomberg, citing people familiar with the matter. Reference Link
October 21, 2014
09:37 EDTCVXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
October 20, 2014
13:40 EDTBYIOptions with increasing implied volatility
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October 17, 2014
10:51 EDTBYIOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX
08:54 EDTCVXChevron adds drillship to deepwater operations in Gulf of Mexico
Chevron Corporation (CVX) announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling (PACD). The Pacific Sharav is an upgraded Dual-Load-Path, Samsung-12000-design, dynamically-positioned drillship, specially modified to accept a Dual Gradient Drilling System, and able to operate in moderate environments and water depths up to 12,000 feet. The Pacific Sharav has commenced operations in the Keathley Canyon area.
08:48 EDTCVXChevron arranges FID for IDD, postpones second phase, Reuters says
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October 16, 2014
15:10 EDTPGAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
13:54 EDTCVXGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
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