Futures and Options Serving Intelligent Investors
Johnson & Johnson (JNJ) declares $0.70/share quarterly dividend
Pfizer Inc. (PFE) declares $0.26/share quarterly dividend
Deutsche has upgraded MicroStrategy MSTR to Buy
Raytheon RTN net profit rises to $596M from $488M a year earlier
RTI Surgical RTIX raises its full year revenue guidance to $248M – $253M from $245M – $250M and EPS expectations to $0.07 – $0.09
Agios Pharmaceuticals (AGIO) offers 2M shares of common stock at $44/share
Myers Industries (MYE): Q1 EPS of $0.16 misses by $0.07
Lawson Products EPS of -$0.50
Caterpillar (CAT) profit +4.8% to $922M.
UPS Q1 earnings fell to $0.98 per share, missing analysts’ expectation for $1.08.
Apple announced plans to increase its stock buyback, dividend, and stock split
Arch Coal (ACI) is a “top sell” idea at Goldman as Neil Mehta calls “high leverage and near-peak valuations –
Jefferies initiates Haemonetics HAE at Buy. –
Piper gives GWPH a $73 price target, representing upside of 108% from where the stock closed in regular trading. –
GNC’s new $500M buyback is good for repurchasing nearly 9% of outstanding shares at current levels. –
Green Dot GDOT plans to acquire General Electric’s Wal-Mart branded pre-paid debit card business.
Ocwen Financial OCN board member Barry Wish sold 250K shares of company stock this week at around $53.50 each, grossing about $13.4M. –
Disney’s DIS Pixar studio is slashing around 60 positions, or ~5% of its workforce, following the 18 month delay of The Good Dinosaur –
Scientific Games SGMS Vice Chairman David Kennedy is appointed President and CEO, replacing Lorne Weil, who is stepping down –
Microsoft MSFT sells over 1M Xbox One consoles within 24 hours –
Time Warner TWX has filed to spin off its Time Inc business in 2014 in a move that would make the unit the biggest listed magazine publisher in the world –
Yum Brands YUM approves a $750M stock buyback allowance which comes on top of the company’s existing repurchase plan. –
Comcast is exploring the possibility of merging with Time Warner Cable –
Today was Maria Bartiromo’s last day with CNBC. –
Duke Energy announced today it would pay $1 million for the deaths of 14 golden eagles at its wind energy sites in Wyoming. –
FDA Expands Approval for Amgen’s Nexavar AMGN –
Ellington Financial EFC co-CIO Mike Vranos purchased 500K shares of company stock at $23.27 yesterday, bringing his holdings to 2.7M shares –
JPMorgan JPM is paying $4.5B to 21 institutional investors to settle claims related to mortgage-backed securities issued by the bank and acquired Bear Stearns from 2005-2008. –
Cinemark CNK closes the sale of CinemarkdeMexico to Grupo Cinemex and Cadena Mexicana de Exhibicion; the subsidiary operates 31 theatres –
Moody’s has downgraded the credit ratings for notes issued by Goldman Sachs, JP Morgan, Morgan Stanley, and BNY Mellon
Kratos Defense & Security KTOS revenue fell 18.1% Y/Y to $226.4M. EBITDA fell 30.2% to $24M –
ExlService EXLS announced a $25M share buyback authorization, good for reducing shares outstanding by 3.2% –
Tesla’s earnings and another Model S fire have sent the stock down 20% –
Nvidia (NVDA) has announced it’s adding another $1B to its buyback authorization; the chipmaker now has $1.286B available for buybacks. Nvidia bought back $750M worth of shares earlier this year through a deal with Goldman. –
Ariad Pharmaceuticals (ARIA) will cut its U.S. workforce by 40%. –
Salix Pharmaceuticals (SLXP) reports revenue growth of 29% for Q3. –
The FDA approves Novo Nordisk’s NVO NovoRapid FlexTouch and Levemir FlexTouch prefilled insulin pens. –
Costco COST insiders including CFO have sold $8.5M in shares during the second half of Oct. –
FSLR reported adjusted earnings per share of $2.28, compared with $0.99 expected. Unadjusted earnings came in at $1.94/share. –
Berkshire Hathaway missed Wall Street’s expectations for its earnings in Q3 with operating earnings of $2,228. –
Lazaridis and Fregin, who together own about 8% of BlackBerry, are said to be concerned it could be broken up unless they step in with rescue bid –
Jefferies hikes its price target on Celgene CELG to $185 from $161 –
Renewable Energy REGI is downgraded to Sell from Hold at Stifel Nicolaus –
Dougherty keeps Buy rating on Healthways HWAY despite downbeat guidance but lowers the price target on the shares to $17 from $22 –
Patterson-UTI PTEN downgraded to Hold from Buy with a $23 price target, down from $25, at Wunderlich –
BMO: Selling in Forest Laboratories unlikely in the near-term –
Ensco ESV: Q3 EPS of $1.69 beats by $0.06. Revenue of $1.27B misses by $0.01B –
Schlumberger SLB: Q3 EPS of $1.29 beats by $0.05. –
Fairchild Semiconductor FCS is downgraded to Hold from Buy at Canaccord Genuity.
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