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Stock Market & Financial Investment News

News Breaks
February 6, 2013
06:07 EDTCTXS, MAN, APD, MAT, X, F, UPSSome U.S. companies begin to see a European bottom, Reuters reports
While the corner has yet to be turned, some U.S. companies are beginning to see a bottom in Europe following years of weakness, and that could help increase profits this year, reports Reuters. But there are still a number of companies that have warned the situation is not getting any better or even worsening, especially those with automotive exposure as well as some industrial concerns. Reference Link
News For X;MAN;UPS;MAT;CTXS;F;APD From The Last 14 Days
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January 27, 2016
13:17 EDTFFord volatility elevated into Q4 and outlook
Ford January weekly call option implied volatility is at 59, February is at 31; compared to its 52-week range of 16 to 44, suggesting large near term price movement into the expected release of Q4 results on January 28.
12:44 EDTFEarnings Watch: Ford sees record 2015 pre-tax profit, ex-items
Ford Motor Co. (F) is expected to report fourth quarter earnings on Thursday, January 28, before the market open with a conference call scheduled for 9:00 am ET. Ford is a manufacturer and distributor of cars and trucks across six continents. EXPECTATIONS: Analysts are looking for earnings per share of 50c on revenue of $36.4B, according to First Call. The consensus range for EPS is 36c-53c on revenue of $34.03B-$38.82B. LAST QUARTER: Ford reported third quarter adjusted EPS of 45c against estimates for 47c, on revenue of $38.1B against estimates for $35.07B. Ford reconfirmed fiscal 2015 pre-tax profit guidance to range from $8.5B-$9.5B, with higher automotive revenue, operating margin, and operating-related cash flow compared with 2014. Ford expects North America 2015 pretax profit to exceed last year's result with an operating margin at the upper end of the company's guidance of 8.5%-9.5%. For Europe, Ford continues to expect pre-tax loss for 2015 to improve compared with 2014 as the company continues towards a return to profitability in the region. On the company's conference call, management said it was on track to deliver a "breakthrough" year and expected a stronger second half, driven by Q4. On January 6, Ford announced a $1B supplemental cash dividend reflecting the company's strong financial performance in 2015 and robust cash and liquidity levels. It also announced that it expects to deliver record 2015 pre-tax profit, ex-items and sees FY16 operating EPS to be about equal to or higher than FY15. During the quarter, Ford reported the following: October U.S. sales up 13% to 213,938 vehicles; November U.S. sales up 0.4% to 187,794 units; and December U.S. sales up 8% to 239,242 vehicles. On January 5, Ford reported total 2015 U.S. sales of 2.61M vehicles, up 5%. STREET RESEARCH: Street research has been light in the weeks leading up to Ford's Q4 earnings report. On October 28, UBS said the weakness in Ford shares following the company's Q3 tax related miss was a buying opportunity. The firm believed guidance was conservative and the company was setting up for a solid 2016. UBS reiterated its Buy rating and lowered its price target to $22 from $23 on Ford shares. PRICE ACTION: Ford's shares are down approximately 23% since its Q3 report and have lost about 19% year-over-year. In afternoon trading ahead of Thursday's Q4 report, Ford shares are up just over 1% to around $12.
12:11 EDTXOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and proceed to lose additional ground after the open. Despite another disappointing weekly Department of Energy inventory report, which pointed to larger than expected builds of both oil and gas stockpiles, the price of crude moved higher in later morning trading, taking equities up with it. Fed watchers have zero expectation that the central bank will announce an interest rate hike later today, but are hoping for a dovish policy statement to be issued in conjunction with the end of the latest FOMC meeting. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision is due out at 2 pm ET and 100% of 104 analysts surveyed by Bloomberg were aligned in predicting no change to benchmark U.S. interest rates will be announced today. While their is no chance seen that the central bank will raise rates, the language in the statement will be closely examined for any clues on the Fed's thinking about when the next rate may be coming. COMPANY NEWS: Shares of Apple (AAPL) declined about 5% after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectation. The company was noted by several analysts as having a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, as that distinction goes to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted 7% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast. Conversely, United Technologies (UTX), which is also in the Dow and also involved in aerospace and defense, gained 2% after backing its adjusted earnings outlook for fiscal 2016. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which rallied 12% after the company and David Einhorn's Greenlight Capital agreed to new corporate governance initiatives, including appointing Claire Gogel to its board and amending its bylaws to provide that it will not make equity issuances for two years without supermajority vote of the board. Also higher were Commvault (CVLT), Hess (HES) and Biogen (BIIB), which gained 13%, 10% and 8%, respectively, after reporting quarterly earnings. Among the noteworthy losers was DreamWorks Animations (DWA), which fell 4.5% after the stock was downgraded to Sell at Topeka. Also lower were U.S. Steel (X), VMware (VMW), and Textron (TXT), which were down 12%, 8.5%, and 8%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 37.60, or 0.23%, to 16,204.83, the Nasdaq was down 9.88, or 0.22%, to 4,557.79, and the S&P 500 was up 9.54, or 0.5%, to 1,913.17.
10:18 EDTMATMattel and Disney Consumer Products announce renewed agreement
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09:26 EDTXU.S. Steel falls after earnings, levels to watch
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09:01 EDTFFord Ohio Assembly Plant adds Ford F-Series Super Duty chassis cab
Ford announced that its Ohio Assembly Plant will support additional production of the all-new 2017 Ford F-Series Super Duty chassis cab. Together with Kentucky Truck Plant, Ohio Assembly will produce F-350, F-450 and F-550 Super Duty chassis cab configurations.
06:59 EDTXOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:01 EDTFIBM names Ford President and CEO Mark Fields to board, effective March 1
The IBM (IBM) board of directors yesterday elected Mark Fields to the board effective March 1, 2016. Fields is president and CEO, Ford (F). Ginni Rometty, IBM chairman, president and CEO, said: "We are pleased that Mark will be joining the IBM board of directors. Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. He is leading Ford into a future where cars are not only vehicles, but increasingly becoming mobile technology platforms. His knowledge and insights in running a complex global business will make a significant contribution to IBM."
January 26, 2016
19:26 EDTXOn The Fly: After Hours Movers
UP AFTER EARNINGS: CA Technologies (CA), up 4.8%... Ethan Allen (ETH), up 10.6%... Hawaiian Holdings (HA), up 5.7%... Capital One (COF), up 1.1%. ALSO HIGHER: Fate Therapeutics (FATE), up 25% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 6.6% after being upgraded to Buy from Neutral at Citi. DOWN AFTER EARNINGS: U.S. Steel (X), down 9%... AT&T (T), down 1.9%... Apple (AAPL), down 2.6%... VMware (VMW), down 4.7%... TSYS (TSS), down 7.4% after reporting quarterly results and announcing the acquisition of TransFirst for $2.3B in cash. ALSO LOWER: Lannett (LCI), down 9% after giving second quarter and fiscal 2016 guidance... Baxalta (BXLT), down 2% after filing to sell $1.45B of common stock for holders.
16:38 EDTXU.S. Steel sees lower results across operating segments in 2016
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16:35 EDTXU.S. Steel reports Q4 adjusted EPS (23c), may not compare to consensus (83c)
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14:32 EDTXNotable companies reporting after market close
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11:51 EDTFFord expands safety recall on vehicles with Takata airbag inflators
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11:43 EDTFFord to host sales conference call
Conference call to discuss January Sales Results will be held on February 2 at 10 am. Webcast Link
08:14 EDTMATMattel should be bought aggressively ahead of Q4 results, says Wells Fargo
Wells Fargo thinks that Mattel's stock could rise significantly in 2016 and early 2017. The firm believes that the company's Q4 results could trigger a positive turning point in investors' view of the shares. Wells thinks that the company's revenue and EPS rose versus easy 2014 comps, while Barbie and HotWheels both performed well. The firm keeps an Outperform rating on the shares.
January 25, 2016
16:00 EDTXOptions Update; January 25, 2016
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13:41 EDTXU.S. Steel volatility elevated into Q4 and outlook
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10:00 EDTMATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Express (AXP) upgraded to Perform from Underperform at Oppenheimer... BankMutual (BKMU) upgraded to Outperform from Market Perform at Hovde Group... Black Hills (BKH) upgraded on acquisition at BMO Capital... Bruker (BRKR) upgraded to Buy from Hold at Cantor... Cedar Fair (FUN) upgraded to Conviction Buy from Buy at Goldman... Charles Schwab (SCHW) upgraded to Buy from Neutral at Nomura... Corporate Office Properties (OFC) upgraded to Buy from Neutral at Mizuho... Entegris (ENTG) upgraded on valuation, outlook at Pacific Crest... First Financial upgraded to Outperform from Market Perform at Keefe Bruyette... Goldman Sachs (GS) upgraded to Buy from Neutral at Nomura... Graphic Packaging (GPK) upgraded to Outperform from Neutral at Macquarie... Home Depot (HD) upgraded to Buy from Hold at Deutsche Bank... Intel (INTC) upgraded to Outperform from Neutral at Macquarie... J.B. Hunt (JBHT) upgraded to Buy from Hold at BB&T... Magna (MGA) upgraded to Buy from Neutral at Citi... Masco (MAS) upgraded to Buy from Hold at Evercore ISI... Mattel (MAT) upgraded to Conviction Buy from Buy at Goldman... O'Reilly Automotive (ORLY) upgraded to Buy from Hold at Deutsche Bank... PACCAR (PCAR) upgraded to Buy from Neutral at Citi... People's United (PBCT) upgraded to Neutral from Underweight at Piper Jaffray... Quality Systems (QSII) upgraded to Overweight from Neutral at Piper Jaffray... RadiSys (RSYS) upgraded to Buy from Hold at Needham... Standard Motor (SMP) upgraded to Buy from Neutral at CL King... Swedbank (SWDBY) upgraded to Hold from Underperform at Jefferies... Toll Brothers (TOL) upgraded to Strong Buy from Outperform at Raymond James... Voyager Therapeutics (VYGR) upgraded to Neutral from Sell at Chardan... Yahoo (YHOO) upgraded to Buy from Hold at Pivotal Research.
07:11 EDTMATMattel upgraded to Conviction Buy from Buy at Goldman
Goldman analyst Taposh Bari added Mattel to the Conviction Buy List saying he has increased confidence that earnings are at a positive inflection point following core brands, Barbie and Hot Wheels, having their best Holiday season in years expects declining resin prices and the devalued Chinese yuan to result in a positive margin benefit. The analyst raised his price target on Mattel to $36 from $35 on shares.
06:30 EDTFFord to shutter operations in Japan, Indonesia, Reuters reports
Ford will shutter operations in Japan and Indonesia this year since it sees "no reasonable path to profitability" in the two nations, Reuters reports. The car maker will exit all areas of its business, including dealerships and imports of Ford and Lincoln vehicles, in the two countries, the report says, citing an email from Asia Pacific President Dave Schoch to all employees in the region. Reference Link
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