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Stock Market & Financial Investment News

News For SNE;CAT;HES;BBY;KERX;FURX;JOSB;ROP;MW;RPRX;BBBY From The Last 14 Days
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May 4, 2015
07:17 EDTKERXKeryx reports Q1 EPS (28c), consensus (30c)
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May 3, 2015
16:44 EDTSNEDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $187.7M
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April 30, 2015
16:52 EDTCATCaterpillar signs strategic alliance with First Solar to develop microgrids
Caterpillar (CAT) and First Solar (FSLR) announced a strategic alliance to develop an integrated photovoltaic solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites. The package will feature Cat-branded solar panels manufactured by First Solar and will include a balance of system components.
05:35 EDTSNESony expects restructuring charges to be Y35B in FY16
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05:35 EDTSNESony sees FY16 revenue Y 7.9T, operating income Y 320B
Sees FY16 income before income taxes Y345B. Sees FY16 net income attributable to stockholders Y 140B. Consolidated sales for the fiscal year ending March 31, 2016 are expected to decrease due to a decrease in the MC, G&NS, IP&S, HE&S, Music, and Financial Services segments and All Other partially offset by an increase in sales in the Devices and Pictures segments. Consolidated operating income is expected to increase significantly primarily due to the impairment of goodwill in the MC segment recorded in the fiscal year ended March 31, 2015, a decrease in costs related to the exit from the PC business and restructuring charges as well as an increase in operating income in the Devices segment.
05:33 EDTSNESony reports Q4 EPS (Y91.39) vs. (Y132.97) last year
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April 29, 2015
07:40 EDTHESHess Corp. sees initial cost reduction efforts cutting FY15 capex to $4.4B
Capital and exploratory expenditures were $1.3B in Q1, which reflects an average of 12 rigs in the Bakken and increased exploratory drilling expenditures in the Gulf of Mexico, Guyana and Kurdistan. In the first quarter, the corporation aggressively reviewed its cost structure to reduce spending and met with suppliers to adjust service rates to better reflect the current commodity price environment. As a result of the corporationís efforts to date, Hess is lowering FY15 guidance for capital and exploratory expenditures by $300M to $4.4B. In addition, the corporation forecasts its FY15 cash costs will be lower by approximately $250M, or $2.00 per barrel. "The corporation will continue to pursue additional savings in 2015 and beyond to improve its financial flexibility," Hess said.
07:32 EDTHESHess Corp. reports Q1 adjusted EPS (98c), consensus ($1.06)
Oil and gas production increased to 361,000 barrels of oil equivalent per day, compared to 318,000 boepd in the first quarter of 2014. Lower realized selling prices reduced adjusted net income by approximately $700M, after-tax compared with the prior-year quarter. In addition, Q1 results benefitted from higher crude oil and natural gas liquids production but were offset primarily by higher depreciation, depletion, and amortization expense. On an unadjusted basis, the corporation reported a net loss of $389M for Q1 and net income of $386M in the prior-year quarter.
April 28, 2015
15:07 EDTHESNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
10:46 EDTBBBYBed Bath & Beyond management to meet with SunTrust
Field trip to company headquarters will be held in Union, NJ on April 30 hosted by SunTrust.
06:27 EDTSNEFormer Sony CFO attacks CEO Kazuo Hirai's strategy, Financial Times says
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April 27, 2015
20:03 EDTBBYBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
09:10 EDTROPRoper Technologies says sees 'plenty of room' to make acquisitions
Says views Q1 as weakest quarter of the year. Sees Q3 as strong quarter for organic revenue growth. Says believes cash is best measure of performance. Says balance sheet leaves "plenty of room" to make acquisitions over the next 12-18 months. Sees "record" 2015. Comments made on the Q1 earnings conference call.
07:54 EDTROPRoper Technologies sees FY15 organic revenue growth 3%-5%
Looking to Q2-Q4, Roper says oil and gas markets "remain challenging," sees "flat to modest" growth in other served markets. Says FX headwind drives mid single digit segment decline for balance of year. Sees completion of Neptune Toronto project this summer. Sees weakness in Upstream fluid handling. Sees mid single digit organic growth for rest of year for RF Technology. Sees mid teens revenue growth for Medical Solutions segment for Q2-Q4. Raises FY15 operating cash flow view to >$925M from more than $900M. Sees FY15 organic revenue growth 3%-5%, tax rate 30%-31%. Assumes end of March FX rates will equate to FY15 EPS headwind of about (25c). Comments from slides that will be presented on the Q1 earnings conference call.
07:05 EDTROPRoper Technologies reports Q1 organic growth of 5%
07:05 EDTROPRoper Technologies sees Q2 EPS $1.59-$1.64, consensus $1.69
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07:04 EDTROPRoper Technologies raises FY15 EPS to $6.74-$6.95 from $6.70-$6.94
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07:04 EDTROPRoper Technologies reports Q1 adjusted EPS $1.55, consensus $1.52
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April 26, 2015
17:05 EDTSNEUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
10:00 EDTBBYOn The Fly: Analyst Downgrade Summary
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06:20 EDTBBYBest Buy downgraded to Neutral from Overweight at JPMorgan
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April 23, 2015
16:49 EDTCATOn The Fly: Top stock stories for Thursday
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13:01 EDTCATOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
12:00 EDTCATCaterpillar says seeing effects of lower oil prices in construction segment
Says decline in sales, EPS during remainder of year to be offset somewhat by strong Marine segment. Says maintaining a strong balance sheet is top priority for cash. Comments from company's Q1 earnings conference call.
11:43 EDTCATCaterpillar says 2015 shaping up to be an 'uncertain and challenging year'
Says expects weakness in developing countries in 2015. Says from macro standpoint, "not much has changed." Says sales outside U.S. were down during Q1. Says currency exposure reasonably hedged. Says stock repurchases will be dependent on market conditions. Says dealer inventory in a "reasonable range," and expects it to decline as the year progresses. Says still focused on market share, but competition for deals has increased substantially due to stronger dollar. Comments from company's Q1 earnings conference call.
11:31 EDTBBYOptions with increasing implied volatility
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09:18 EDTCATOn The Fly: Pre-market Movers
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08:08 EDTKERXKeryx appoints John Neylan, MD, as Chief Medical Officer
Keryx Biopharmaceuticals announced the appointment of John Neylan, MD to the newly created position of Chief Medical Officer. In this role, Dr. Neylan will be responsible for oversight of medical affairs, clinical development and pharmacovigilence at Keryx. Dr. Neylan comes to Keryx from Genzyme, where since 2008 he served in the capacity of SVP, Clinical Development, focusing on specialty metabolic diseases.
07:43 EDTCATCaterpillar reports Cat Financial Q1 revenue $689M vs. $7.11M last year
Reports Cat Financial Q1 profit before income taxes $187M vs. $182M last year. Reports Cat Financial retail new business volume $2.47B vs. $2.8B last year.
07:42 EDTCATCaterpillar continue to face headwinds and uncertainty in 2015
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07:42 EDTCATCaterpillar raises FY15 EPS $5.00 from $4.75, consensus $4.67
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07:40 EDTCATCaterpillar expect to continue to repurchase stock this year
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07:39 EDTCATCaterpillar reports Q1 EPS excluding costs $1.86, consensus $1.35
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April 22, 2015
15:50 EDTCATNotable companies reporting before tomorrow's open
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15:30 EDTCATCaterpillar technical comments ahead of earnings
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13:50 EDTCATCaterpillar volatility elevated into Q1 and outlook
Caterpillar April weekly call option implied volatility is at 66, May is at 23, June and August is at 19; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q1 on April 23.
13:33 EDTCATEarnings Watch: Caterpillar sales appear negative for earnings, Wells Fargo says
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11:08 EDTBBYOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
10:47 EDTCATCaterpillar sales report, checks appear negative for earnings, says Wells Fargo
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10:42 EDTCATCaterpillar reports retail machines sales down 12% in three months end March
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10:25 EDTHESNomura U.S. energy analysts hold an analyst/industry conference call
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10:02 EDTHESOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
08:37 EDTSNESony raises FY revenue view to Y8.21T from Y8T
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07:12 EDTHESHess Corp. initiated with a Neutral at Nomura
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05:54 EDTSNEFireEye president: Sony hack 'not an insider,' Re/code reports
FireEye (FEYE) president Kevin Mandia said Code/Enterprise in San Francisco that last year's Sony (SNE) hack was "definitely not an insider," Re/code reports. Mandia believes the Sony hack was "clearly" the work of a government. Reference Link
April 21, 2015
10:01 EDTBBBYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
07:37 EDTSNEMad Catz Interactive extends agreement with Harmonix for Rock Band 4
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April 20, 2015
16:21 EDTBBBYBed Bath & Beyond initiated with a Buy at Cantor
Target $83.
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