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Stock Market & Financial Investment News

News Breaks
March 10, 2014
10:13 EDTBTI, LO, ITYBY, RAIReynolds American advances after Citi says could be takeover target
Shares of cigarette maker Reynolds American (RAI) are climbing after Citigroup wrote that the company could be acquired by British American Tobacco (BTI). WHAT'S NEW: In a note to investors earlier today, Citigroup analyst Vivien Azer forecast that Reynolds American (RAI) is likely to either enter into a joint venture with British American Tobacco or be acquired by the British company. After meeting with Reynolds' CEO and Chief Scientific Office last week, Azer thinks that the fundamentals of Reynolds' business "reinforce its attractiveness" to British American, either as an acquisition target or joint venture partner, she wrote. WHAT'S NOTABLE: In a separate note to investors earlier today, Citigroup U.K.-based analyst Adam Spielman wrote that it would be logical for British American to acquire the 58% of Reynolds it doesn't already own, as the deal would be accretive to British American's EPS while enabling the British company to access Reynolds' intellectual property related to e-cigarettes. It is "quite possible" that British American will acquire Reynolds, but it is unlikely that Reynolds will buy another company in the sector, Lorillard (LO), according to Spielman. If British American decides to bid for Lorillard, it would look to acquire Reynolds first, added Spielman. Imperial Tobacco (ITYBY) is also not likely to bid for Lorillard, the analyst believes. Spielman kept a Buy rating on British American, while Azer maintained a Buy rating on Reynolds American. PRICE ACTION: In early trading, Reynolds American rose 1.2% to $54.17, while Lorillard fell 1% to $52.45. British American Tobacco shares trading in New York were little changed near $110.75.
News For RAI;BTI;LO;ITYBY From The Last 14 Days
Check below for free stories on RAI;BTI;LO;ITYBY the last two weeks.
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August 1, 2014
16:31 EDTRAI, LOReynolds American CEO says seeing strong price gains in lower end of market
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July 30, 2014
07:05 EDTLOLorillard reports Q2 Cigarette net sales up 0.9% to $1.76B
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07:04 EDTLOLorillard reports Q2 total retail market share of cigarettes was 15%
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07:02 EDTLOLorillard reports Q2 adjusted EPS 84c, consensus 89c
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06:37 EDTRAI, BTI, LOReport says tobacco tax regulation lost U.S. revenue, Reuters says
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July 29, 2014
15:53 EDTLONotable companies reporting before tomorrow's open
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07:14 EDTRAIReynolds American narrows FY14 adjusted EPS to $3.35-$3.45 from $3.30-$3.45
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07:13 EDTRAIReynolds American reports Q2 adjusted EPS 89c, consensus 87c
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July 28, 2014
15:47 EDTRAINotable companies reporting before tomorrow's open
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10:02 EDTRAI, LOOn The Fly: Analyst Upgrade Summary
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07:13 EDTRAIReynolds American upgraded at RBC Capital
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06:40 EDTLOLorillard upgraded to Neutral from Reduce at Nomura
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06:38 EDTRAIReynolds American upgraded to Top Pick from Outperform at RBC Capital
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July 23, 2014
06:00 EDTLOInternational Game Lorillard
Stocks with implied volatility below IV index mean; Lorillard (LO) 16, International Game (IGT) 13 according to iVolatility.
July 22, 2014
05:57 EDTLOStocks with implied volatility below IV index mean; LO IGT
Stocks with implied volatility below IV index mean; Lorillard (LO) 16, International Game (IGT) 11 according to iVolatility.
July 21, 2014
10:42 EDTLOOptions with decreasing implied volatility
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09:10 EDTRAI, LOOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
06:12 EDTLOStocks with implied volatility below IV index mean; LO IGT
Stocks with implied volatility below IV index mean; Lorillard (LO) 16, International Game (IGT) 14 according to iVolatility.
July 19, 2014
19:44 EDTRAI R.J. Reynolds hit with $23.6B in damages in lung cancer case, WSJ says
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