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Stock Market & Financial Investment News

News Breaks
February 14, 2014
16:39 EDTRPM, DGX, TLM, BG, IR, HES, ITW, TKR, ESL, HOLX, VSIRelational Investors gives quarterly update on stakes
NEW STAKES: Rpm International (RPM). INCREASED STAKES: Hologic (HOLX), Esterline (ESL) and Timken (TKR). DECREASED STAKES: Illinois Tool Works (ITW), Hess (HES), Ingersoll-Rand (IR) and Bunge (BG). LIQUIDATED STAKES: Talisman (TLM), Quest Diagnostics (DGX) and Vitamin Shoppe (VSI).
News For RPM;HOLX;ESL;TKR;ITW;HES;IR;BG;TLM;DGX;VSI From The Last 14 Days
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October 10, 2014
12:05 EDTBGUSDA raises U.S. corn production estimate to 14.475B
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10:05 EDTHESHess calls active on renewed takeover chatter
Hess October 84 and 85 calls area active on total call volume of 2,700 contracts (300 puts) on renewed takeover chatter. October call option implied volatility is at 37, November is at 32, December is at 30, January is at 27; compared to its 26-week average of 20 according to Track Data. Active call volume suggests traders taking positions for large price movement.
09:55 EDTHESRumor: Hess Corp. moves up on renewed takeover chatter
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October 9, 2014
14:47 EDTRPMRPM increases quarterly dividend 8.3%
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October 8, 2014
10:32 EDTRPMRPM seeing improvement in construction markets, expects to continue through 2015
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10:25 EDTRPMRPM says Q1 results was 'on track' with its earnings plan
RPM said it expected a flat performance in Q1 after experiencing "extraordinary performance' due to results in Synta and Kirker subsidiaries. The company did not expect the performance to continue this year. The comparisons will continue to be negative in Q2 and be fairly flat for 2H15. The company also said there was $5.6M in unplanned costs due to the SEC investigation, the proposed SPHC settlement, and a voluntary self-disclosure agreement with the state of Delaware for unclaimed property. RPM expects costs for these three categories to continue in Q2 and Q3. When accounting for these facts, RPM says it is right on track with its earnings plan and says its consumer segment is continuing to perform well with mid-EBIT growth. The company also said more normal winter weather should help Q3. RPM expressed concern about the weak Euro, and says its outlook for the European economy remains mixed. Comments taken from Q1 earnings conference call.
09:20 EDTRPMOn The Fly: Pre-market Movers
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08:06 EDTITWGraco to sell liquid finishing business assets for $590M to Carlisle
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07:59 EDTRPMRPM comments on SPHC plan of reorganization
On September 26, 2014, SPHC filed its plan of reorganization in Delaware Bankruptcy Court. The plan memorializes the settlement in principle reached with representatives of current and future asbestos claimants. As previously reported, a trust will be established to resolve all current and future Bondex asbestos claims, an injunction will be issued by the court that will permanently protect SPHC, RPM International Inc., their affiliates, and other parties from current and future asbestos claims, and SPHC will emerge from bankruptcy and will be reconsolidated with RPM. RPM currently anticipates that the plan's effective date and the reconsolidation of SPHC's financial results will occur in RPM's fiscal 2015 third quarter, but the actual timeline could change based on a variety of factors beyond the control of SPHC and RPM. The impact of the completion of this transaction on RPM's 2015 fiscal year will be dependent on specific timing and related transaction costs. On an annualized basis, SPHC has revenues of approximately $400M. CEO Frank Sullivan said, "We look forward to plan confirmation for SPHC and its emergence from bankruptcy. While the amounts required to fund a 524g trust are substantial from a financial perspective, this transaction will be good for RPM shareholders, both in terms of our ongoing operations and as a process which will bring finality to the Bondex asbestos liability."
07:57 EDTRPMRPM sees FY16 EPS $2.70-$2.90, consensus $2.74
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07:34 EDTRPMRPM backs FY15 EPS $2.38-$2.42, consensus $2.42
Backs FY14 consolidated sales up 6%-8%, consensus $4.65B; Backs FY15 industrial sales up 6%-8%; Backs FY15 consumer sales up 5%-7%.
07:33 EDTRPMRPM expects FY15 quarterly results to follow different pattern from FY14
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07:31 EDTRPMRPM reports Q1 EPS 73c, consensus 79c
Reports Q1 revenue $1.20B, consensus $1.23B
07:18 EDTDGXInfectious Diseases Society of America to hold a conference
ID Week 2014 is being held in Philadelphia on October 8-12.
October 7, 2014
15:16 EDTRPMNotable companies reporting before tomorrow's open
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10:02 EDTIROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:49 EDTDGXUBS healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Rice, along with Dr. Robert Boorstein, Clinical Lab Assessment Director of ClasGroup, discuss the health of the clinical lab market and how DGX and LH are competitively positioned for the long-term on an Analyst/Industry conference call to be held on October 7 at 11 am.
05:23 EDTIRIngersoll-Rand upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Ingersoll-Rand to Buy citing the recent underperformance of shares and the company's improved execution. The firm raised its price target for shares to $68 from $67.
October 6, 2014
15:32 EDTITWGraco receives order from FTC to divest liquid finishing business assets
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06:55 EDTBGBunge price target raised to $112 from $95 at Piper Jaffray
Piper Jaffray raised its price target for shares of Bunge to $112 citing strong fundamentals for the company's Agribusiness segment and the possible divestiture of the Sugar segment. The firm expects catalysts to drive shares higher and reiterates an Overweight rating on the name.
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