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Stock Market & Financial Investment News

News Breaks
July 31, 2014
15:12 EDTPGProcter & Gamble technical notes ahead of earnings
In the prior three months the stock has underperformed the broader averages, falling by over 5% in that time. The trading range as is typical for the shares has been relatively narrow. At the low the range is at $78.50 and at the high at $82.50. A breakout above the top of the range would resolve bullishly with next resistance at the 52-week high at $85.82. As that is the life high as well, a next objective might be at the $87 area, but that would be an exceptional move for the stock given its history. With the stock currently trading just below the three month range lows, next supports as potential downside objectives would be at $76.09, near six month lows, and then at $73.61 which is the 52-week low. An exceptional downside move on a major disappointment could push shares to $70.66. That area was previously resistance in late 2012 and early 2013. While such a move may seem like an extreme outlier, a look at a 5-year chart shows the potential for the last two years of prices movement to be a complex head and shoulders top.
News For PG From The Last 14 Days
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January 27, 2015
10:04 EDTPGProcter & Gamble still sees FY15 share repurchases $5B-$7B
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09:46 EDTPGProcter & Gamble says July 1 retirement of Duracell shares unlikely
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09:23 EDTPGP&G says short-term currency impacts not 'dramatically' impacting sales talks
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09:17 EDTPGOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
09:12 EDTPGProcter & Gamble says will price more aggressively to offset forex impacts
08:55 EDTPGP&G sees improving manufacturing efficiency by at least 6% again this year
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08:50 EDTPGProcter & Gamble sees significantly exceeding $10B cost-cut plan
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08:37 EDTPGP&G says steady progress on transformation not fast enough to offset fx in Q2
"The October - December 2014 quarter was a challenging one with unprecedented currency devaluations. Virtually every currency in the world devalued versus the U.S. dollar, with the Russian Ruble leading the way. While we continue to make steady progress on the strategic transformation of the company - which focuses P&G on about a dozen core categories and 70 to 80 brands, on leading brand growth, on accelerating meaningful product innovation and increasing productivity savings - the considerable business portfolio, product innovation, and productivity progress was not enough to overcome foreign exchange. The outlook for the year will remain challenging. Foreign exchange will reduce fiscal 2015 sales by 5% and net earnings by 12%, or at least $1.4B after tax. We have and will continue to offset as much of this currency impact as we can through productivity driven cost savings," said CEO A.G. Lafley.
07:58 EDTPGFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
07:17 EDTPGProcter & Gamble down 1.2% after warning on negative forex impact to 2H results
07:15 EDTPGProcter & Gamble sees significant negative sales, EPS impact in 2H from forex
P&G net sales growth is now expected to be lower versus the prior fiscal year in the range of -3% to -4%, including a negative five point headwind from foreign exchange and a one point impact from minor brand divestitures. Including currency impacts, Core EPS is now expected to be in the range of in-line to down low-single digits versus prior year Core EPS of $4.09. All-in GAAP diluted net earnings per share are now expected to be down in the mid-teens range versus the prior year. Consensus for FY15 EPS/revenue $4.15/$79.13B.
07:14 EDTPGProcter & Gamble backs FY15 organic sales, currency-neutral core EPS outlook
P&G maintained its organic sales growth and currency-neutral core earnings per share growth guidance ranges for fiscal year 2015, but the company expects significant negative sales and earnings impacts from foreign exchange in the second half of its fiscal year. The company maintained its guidance for organic sales growth in the low-to-mid single digit range. Net sales growth is now expected to be lower versus the prior fiscal year in the range of -3% to -4%, including a negative five point headwind from foreign exchange and a one point impact from minor brand divestitures. P&G maintained its outlook for currency-neutral core earnings per share growth in the double-digits. Including currency impacts, Core EPS is now expected to be in the range of in-line to down low-single digits versus prior year Core EPS of $4.09. All-in GAAP diluted net earnings per share are now expected to be down in the mid-teens range versus the prior year. This includes approximately 67c per share of non-core charges, primarily from 20c per share of non-core restructuring charges and 58c of impairment charges, which are partially offset by approximately 14c of earnings from discontinued Batteries and Pet Care operations.
07:03 EDTPGProcter & Gamble reports Q2 core EPS $1.06, consensus $1.13
Reports Q2 revenue $20.16B, consensus $20.62B. Organic sales grew 2% for the quarter.
January 26, 2015
15:40 EDTPGNotable companies reporting before tomorrow's open
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15:35 EDTPGProcter & Gamble January weekly 89 straddle priced for 2.4% movement into Q2
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14:04 EDTPGProcter & Gamble technical comments before earnings
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January 23, 2015
08:18 EDTPGProcter & Gamble added to US Focus List at Credit Suisse
Credit Suisse added Procter & Gamble (PG) to the US Focus LIst and removed Colgate-Palmolive (CL), Chevron (CVX) and Williams (WMB).
January 22, 2015
14:28 EDTPGProcter & Gamble volatility elevated into Q2 and outlook
Procter & Gamble January weekly call option implied volatility is at 20, February is at 14, March is at 12; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 27.
January 21, 2015
12:35 EDTPGProcter & Gamble's David Taylor likely candidate to succeed CEO, Fortune says
After a recent promotion to lead the beauty business at Proctor & Gamble by CEO A.G. Lafley, David Taylor, who currently runs the global health and grooming business division, now running two of the four business units, appears as the lead candidate to succeed CEO Lafley when he retires from the company, Fortune reports. Reference Link
January 16, 2015
09:01 EDTPGProcter & Gamble files suit against former employees for theft of trade secrets
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