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Stock Market & Financial Investment News

News Breaks
August 5, 2014
20:25 EDTTWX, TWX, DNR, DNR, CNP, CNP, TAP, TAP, RL, RL, VIP, VIP, PH, PH, CHK, CHK, SE, SE, DISH, DISH, CTSH, CTSH, DVN, DVN, AOL, AOL, VIAB, VIAB, MDLZ, MDLZ, RDC, RDCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Time Warner (TWX), consensus 84c;Mondelez (MDLZ), 39c; Viacom (VIAB), consensus $1.44; AOL (AOL), consensus 44c; Devon Energy (DVN), consensus $1.40; Cognizant Technology (CTSH), consensus 58c; Dish Network (DISH), consensus 51c; Spectra Energy (SE), consensus 29c; Chesapeake Energy (CHK), consensus 44c; Parker-Hannifin (PH), consensus $2.07; VimpelCom (VIP), consensus 75c; Ralph Lauren (RL), consensus $1.76; Molson Coors (TAP), consensus $1.46; CenterPoint Energy (CNP), consensus 23c; Denbury (DNR), consensus 27c; Rowan (RDC), consensus 24c.
News For TWX;MDLZ;VIAB;AOL;DVN;CTSH;DISH;SE;CHK;PH;VIP;RL;TAP;CNP;DNR;RDC From The Last 14 Days
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February 17, 2015
11:24 EDTCHKMcClendon, American Energy say Chesapeake lawsuit 'baseless'
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10:41 EDTCHKChesapeake files suit against founder McClendon, Reuters reports
Chesapeake Energy filed suit today alleging that its founder and former CEO, Aubrey McClendon, "misappropriated highly sensitive trade secrets" in order to launch his new venture American Energy Partners, Reuters reports. Reference Link
08:14 EDTMDLZMondelez backs FY15 adjusted EPS growth in double digits, consensus $1.75
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08:13 EDTMDLZMondelez says supply chain on track to deliver $3B in gross productivity savings
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08:12 EDTMDLZMondelez backs long-term target of double digit adjusted EPS growth
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07:45 EDTVIABViacom sell-off largely overdone, says Jefferies
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07:15 EDTMDLZConsumer Analyst Group of New York (CAGNY) to hold a conference
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07:15 EDTVIAB'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
06:15 EDTDISHCiti sees three options for DISH, including sale to Verizon
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February 16, 2015
15:17 EDTRDCTransocean slashes dividend to 60c from $3.00, says CEO leaving
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12:19 EDTMDLZMondelez acquires Enjoy Life Foods, terms undisclosed
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February 15, 2015
13:19 EDTAOLAOL announces strategic partnership with The Players’ Tribune
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February 13, 2015
17:52 EDTPHThird Point gives quarterly update on stakes
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16:58 EDTTWXGreenlight Capital gives quarterly update on stakes
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16:35 EDTAOL, MDLZS&P closes at all-time high as stocks run winning streak to second week
The major stock averages gained for the second week in a row, sending the S&P 500 to a new all-time high in the process. With the weekly advance, the major averages wiped out all their losses since the beginning of the year and moved into the green for 2015. MACRO NEWS: The U.S. economic calendar was relatively quiet during this week. Retail sales decreased 0.8% in January, versus expectations for a 0.4% decline. Initial jobless claims rose 25K to 304K in the week ended January 7. Consumer sentiment fell to 93.6 in the preliminary February release from the University of Michigan survey, versus expectations for the reading to hold at the 98.1 it achieved in January... In Europe, Russian, Ukrainian, German and French leaders came to terms on a cease-fire to begin Sunday. Eurozone GDP grew by 0.3% in the last three months of 2014, which was a bit faster than expected, largely due to strong upside in Germany. A Eurogroup meeting failed to reach a final bailout deal for Greece, but reports afterward seemed to have an optimistic tone about the continuation of talks. Sweden’s Riksbank became the latest central bank to cut interest rates and said it would undertake a program of sovereign bond buying... In China, foreign trade volume declined 10.8% year-on-year in January, with exports dropping 3.2% and imports slumping 19.7%. COMPANY NEWS: Coca-Cola (KO), PepsiCo (PEP), Zoetis (ZTS), Mondelez (MDLZ), and Groupon (GRPN) were among the companies whose stocks reacted positively to their quarterly earning reports. Conversely, the shares of Pier 1 Imports (PIR), AOL (AOL) and Zynga (ZNGA) fell after they reported their results... Dow member American Express (AXP) fell sharply after the company announced that its U.S. co-brand and merchant acceptance agreements with Costco (COST) are set to end in March of next year. Costco has been one of the few big U.S. merchants that to-date had accepted AmEx cards exclusively. Afterward, American Express said that the company now expects that overall earnings growth in 2015 will likely be "flat to down modestly" year-over-year... Another member of the blue chip index, McDonald's (MCD), dropped after reporting that its comparable sales declined 1.8% in January. As part of the overall results, U.S. same-store sales grew 0.4%, but Asia/Pacific, Middle East and Africa comparable sales dropped 12.6%... General Motors (GM) shares rose after the company confirmed that Harry Wilson intends to nominate himself as candidate for the GM board and bring before the annual meeting a proposal that the company commit to completing $8B of share repurchases... On the M&A front, Interxion (INXN) advanced after the company agreed to an all-share merger with U.K. peer TelecityGroup, after which Interxion shareholders will owning approximately 45% of the combined group. Rite Aid (RAD) rose after the pharmacy retail chain agreed to buy EnvisionRx from TPG for $2B and re-enter the pharmacy benefit management space it had previously exited. INDEXES: For the week, the Dow rose 1.09% to 18,019.35, the Nasdaq gained 3.14% to 4,893.84, and the S&P rose 2% to 2,096.99.
February 12, 2015
17:52 EDTMDLZConAgra, Campbell drop after lowering yearly view on FX headwinds
Shares of food product companies ConAgra Food (CAG) and Campbell Soup Company (CPB) are trading lower in extended trading after both companies issued profit warnings as a result of currency headwinds. WHAT'S NEW: After the closing bell, ConAgra said it sees third quarter earnings per share 10c below the 62c it earned in the same quarter last year. Consensus estimates for ConAgra's Q3 EPS are currently 61c. The company also lowered its EPS view for 2015 to $2.13-$2.18 against consensus estimates of $2.26. The company said, "A strengthening dollar has negatively impacted the EPS outlook, as has a higher-than-planned mark-to-market loss from certain commodity index hedges as discussed in the company’s fiscal second-quarter earnings release. Two operating issues account for the majority of the change in EPS expectations: Profitability for the Private Brands segment is weaker than planned due to a highly competitive bidding environment, as well as execution shortfalls, which together have negatively impacted recent results and near-term expectations for volumes, pricing, and margins.The ongoing longshoremen labor dispute on the U.S. West Coast has continued longer than the company expected, which has negatively impacted exports of Lamb Weston potato products to international markets." Another food company, Campbell Soup Company, lowered its second quarter and full year 2015 guidance after the closing bell. Campbell's gave second quarter EPS guidance of 65c-66c, which was below consensus estimates, and added that net sales for Q2 will decline by approximately 2%, reflecting the negative impact of currency translation. The company estimates that Q2 adjusted EBIT will decline by approximately 17%, due primarily to lower gross margin performance and the negative impact of currency translation. Campbell lowered its FY15 EPS view to $2.32-$2.38 against a consensus estimate of $2.45. PRICE ACTION: Campbell Soup Company is trading lower by 4.2% to $45.70 in extended trading while ConAgra shares are 2.75% lower to $35.42. OTHERS TO WATCH: Other food product companies include General Mills (GIS), Kraft Foods Group (KRFT), Mondelez International (MDLZ), Tyson Foods (TSN), Dean Foods (DF), The WhiteWave Foods Company (WWAV), and J M Smucker (SJM).
14:55 EDTDVNDevon Energy volatility elevated into Q4 and outlook
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14:25 EDTVIABMattel, Viacom expand licensing partnership with TMNT construction toy line
MEGA Brands, a business of Mattel (MAT), announced a new Teenage Mutant Ninja Turtles construction toy line, expected to hit shelves in 2016, at New York Toy Fair. Nickelodeon and all related titles, characters and logos are trademarks of Viacom (VIA, VIAB).
10:07 EDTVIABSakar renews Nickelodeon license with Viacom
Sakar International announced the renewal and worldwide expansion of its licensing partnership with Nickelodeon. As part of the deal announced at the 2015 Toy Fair New York, Sakar will launch new lines of Dora and Friends, SpongeBob SquarePants and Teenage Mutant Ninja Turtles products this spring.
09:03 EDTDISHAmazon says Sling TV, Fox Sports GO now available on Fire TV
Amazon (AMZN) announced that Fire TV’s selection is up 5x since its launch in April, with 2015 best-of-CES Sling TV (DISH) now available for download as well as other popular services and games such as FOX Sports GO (FOXA), TED, WSJ Live, Crossy Road, and Game of Thrones – A Telltale Games Series.
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