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Stock Market & Financial Investment News

News Breaks
May 19, 2014
10:54 EDTRAI, LO, MO, BTIWells upgrades Reynolds, sees high chance of Lorillard acquisition
Wells Fargo upgraded Reynolds American (RAI) in a note to investors earlier today, as the firm thinks the company will probably acquire its rival Lorillard (LO). The deal will enable the combined company to significantly cut its costs, Wells Fargo predicted. Moreover, following such a deal, Reynolds could become a takeover target for British American Tobacco (BTI), Wells stated, adding that investors should buy Reynolds' stock and sell shares of another company in the sector, Altria Group (MO). WHAT'S NEW: There's an 80% chance that Reynolds could acquire Lorillard, and Reynolds would obtain cost synergies of $400M from the deal, Wells analyst Bonnie Herzog wrote in a note to investors earlier today. Following the deal, British American Tobacco could either acquire the combined company or look to form a strategic partnership with it, Herzog predicted. Moreover, Reynolds' growth could accelerate, and the company's decision to return its former CEO, Susan Cameron, to her old post is positive for the stock, the analyst stated. Additionally, Herzog has become more confident in Reynolds' ability to effectively innovate, which is more crucial than ever in the e-cigarette era, she wrote. The analyst upgraded her rating on the stock to Outperform from Market Perform. WHAT'S NOTABLE: Another company in the sector, Altria Group (MO), is not well-positioned for the e-cigarette era, Herzog contended. The company may have the most to lose from the rise of vapor cigarettes, as its market share of the overall cigarette market will drop 15 percentage points as e-cigarettes become more popular, the analyst estimated. She cut her rating on the stock to Market Perform from Outperform but kept her price target range on the shares at $41-$43. Herzog identified Lorillard as her top pick in the U.S. tobacco sector, predicting that it will continue to be able to charge higher prices for its menthol cigarettes than any of its competitors, while its e-cigarette brand "has significant global potential." She reiterated an Outperform rating on the shares.
News For RAI;MO;LO;BTI From The Last 14 Days
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February 26, 2015
08:59 EDTMOAltria Group backs FY15 adjusted EPS $2.75-$2.80, consensus $2.80
Altria (MO) expects to record a one-time, pre-tax charge against reported earnings in Q1, reflecting the loss on early extinguishment of debt related to the tender offer. The final pre-tax charge will depend upon the pricing and amount of notes purchased in the tender offer. EPS guidance excludes the Charge as well as an approximate 2c per share provision that will be recorded by Philip Morris USA (PM) in Q1.
08:23 EDTRAI, LOLorillard appoints CFO David Taylor as Chief Executive of ITG Brands
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06:23 EDTBTIBAT plans to sue U.K.'s government if 'plain packaging' approved, WSJ reports
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February 25, 2015
09:49 EDTMOPhilip Morris USA reaches agreement to resolve federal Engle progency litigation
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09:39 EDTRAI, MO, LOR.J. Reynolds, other makers reach favorable resolution of Engle progeny cases
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09:31 EDTLOLorillard agrees to resolve federal Engle progency cases
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February 24, 2015
10:12 EDTLOOptions with increasing implied volatility: LO ARIA OWW
09:35 EDTMOActive equity options trading on open
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February 23, 2015
11:55 EDTBTIBAT may buy out Brazilian minority stake for $3B, Bloomberg reports
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10:45 EDTLOOptions with increasing implied volatility
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February 20, 2015
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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February 19, 2015
14:16 EDTLOLorillard increases dividend 7% to 66c
Lorillard announced that its board approved a 7% increase in the quarterly dividend on its common stock to 66c from 61.5c per share. The dividend is payable on March 10 to stockholders of record as of March 2.
February 18, 2015
09:36 EDTMOAltria Group sees shipping e-vapor products for international market in Q1
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09:21 EDTMOAltria Group sees growing long-term adjusted EPS at avg. annual rate of 7%-9%
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07:45 EDTMOAltria Group reaffirms FY15 adjusted EPS view $2.75-$2.80, consensus $2.80
04:55 EDTMOStocks with implied volatility movement; MO ORCL
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February 17, 2015
07:15 EDTRAI, MOConsumer Analyst Group of New York (CAGNY) to hold a conference
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