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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:19 EDTPPG, SHW, RPM, VALRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).
News For RPM;PPG;VAL;SHW From The Last 14 Days
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July 29, 2015
08:05 EDTSHWWayfair announces partnership with Sherwin-Williams
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July 28, 2015
14:21 EDTVAL, SHWMasco spikes higher after quarterly results and analyst upgrade
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07:35 EDTSHWHouse Energy & Commerce Committee to hold a hearing
The Energy and Power Subcommittee is hosting a Roundtable to discuss "EPA's Proposed Ozone Rule: Potential Impacts on Manufacturing and Jobs" with Sherwin Williams Director of Legislative Affairs, Greg Johnson, on July 28 at 2 pm. Webcast Link
July 27, 2015
08:05 EDTRPMRPM sees FY16 capital expenditures of $120M
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07:40 EDTRPMRPM says consumer segment getting off to weak start in Q1 due to weather
Results for industrial segment, with 50% of its sales outside of the U.S. will be somewhat weighted to 2H16 due to expected negative impact of foreign exchange translation during 1H16, offset in part by expected continuing solid performance of the SPHC companies.
07:39 EDTRPMRPM sees FY16 Industrial segment sales growth of 8%-10%
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07:38 EDTRPMRPM sees FY16 consumer segment sales up 4%-5%
The company said core consumer business continues to gain market share with new product innovations, but poor weather from the spring has continued into the summer months, dampening first-quarter sales. Expects both top- and bottom-line growth in Synta and Kirker units.
07:37 EDTRPMRPM sees FY16 EPS $2.55, consensus $2.73
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07:36 EDTRPMRPM reports Q4 Industrial segment sales up 14.2% to $878.5M
Reports Q4 Industrial segment organic sales up 6.4%. Reports Q4 Consumer segment sales down 2.5% to $494.7M, organic sales down 1.3%.
07:35 EDTRPMRPM reports Q4 EPS 94c, consensus 84c
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July 22, 2015
14:37 EDTSHW, VALHome improvement stocks rally after Owens Corning results, home sales data
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July 21, 2015
10:01 EDTSHWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
08:46 EDTSHWSherwin-Williams upgraded to Buy from Neutral at Northcoast
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