Market Update

Takeda Offered

Sarla Buch
08 May, 2018
New York City

Adecco reported weaker-than-expected first-quarter result. Lafargeholcim declined on flat revenues and weak profit. Munich Re profit surged and reaffirmed fiscal 2018 outlook. Shire agreed to be acquired by Japan-based Takeda Pharmaceutical for about

Nestle Buys Starbucks Distribution Rights for $7 B, Hannover Re Lifts Outlook

Sarla Buch
07 May, 2018
New York City

Hannover Re lifted fiscal lifted fiscal 2018. Nestle agreed to distribute Starbucks packaged products in retail stores in a $7.2 billion deal.

AIG Reported Weak Q1 Results, Alibaba Sales Jump on Transaction Growth

Mukesh Buch
04 May, 2018
New York City

Alibaba net jumped. AIG reported lower-than-expected results. AON profit surged after strong growth in reinsurance business Celgene net declined. Consolidated Edison net soared on higher electric and gas prices. VF Corp fell despite net and revenues jumped.

BMW, SocGen Profit Hurt by Weaker Dollar; HSBC Launches Stock Repurchase

Sarla Buch
04 May, 2018
New York City

BMW reported rising global vehicle sales but profitability was hurt by weaker dollar. HSBC profit fell on higher operating expenses and the bank announced $2 billion of stock repurchase. Societe Generale revenues were impacted by low interest rate and weaker dollar.

Cigna Lifts Fiscal Outlook, New York Times Profit Soars 66%

Mukesh Buch
03 May, 2018
New York City

Ball Corp reported better-than-expected first-quarter results. Becton, Dickinson net swung to a loss but revenues surged 42%. Cigna lifted fiscal outlook. Cardinal Health net plunged and lowered fiscal earnings outlook. HCP net tumbled. New York Times profit soared 66%.

Aeroports de Paris Profit Surges, Bayer Profit Drops on Currency Volatility

Sarla Buch
03 May, 2018
New York City

Arkema profit and revenues surged. Aeroports de Paris profit soared on strong traffic and passenger numbers. Bayer said profit was hurts by negative currency effects. Legrand profit surged on new products.

Apple Announces Stock Buy Back of $100 B; MasterCard Net Surges

Mukesh Buch
02 May, 2018
New York City

Apple iPhone sales jumped and the device maker announced $100 billion stock buyback. AmerisourceBergen revenues exceeded estimate. CVS Health prescription drug sales surged. MasterCard profit soared on higher consumer spending.

Telefonica Net Loss Narrows, Inmarsat Swung to Profit

Sarla Buch
02 May, 2018
New York City

bet-at-home profit surged after registered customers jumped. GN Store Nord reaffirmed fiscal revenue forecast and plans to buy back share of up to 1 billion kronor. Inmarsat surged after net swung to profit. Telefonica said net loss in the first-quarter narrowed on flat revenues.

Ecolab Lifts Outlook, Merck Net Tumbles; Cummins Drops but Beats Earnings

Mukesh Buch
01 May, 2018
New York City

Aetna net swung to profit. American Tower lowered fiscal outlook. Archer-Daniels net and revenues jumped. Cummins net plunged but revenues surged. Ecolab net fell. Merck net tumbled 54%. Pfizer profit surged but revenues disappointed.

BP Profit Jumps on Rising Oil Prices and Production, Carlsberg Lifts Forecast

Sarla Buch
01 May, 2018
New York City

BP profits jumped on higher oil prices and production. Carlsberg lifted profit forecast despite revenues declined. DS Smith said paper volume growth improved in the year. Just Eat reaffirmed fiscal 2018 revenues growth forecast. RPS Group stock soared.

T-Mobile US and Sprint in $27 B Merger Deal, McDonald's Net Surges

Mukesh Buch
30 Apr, 2018
New York City

Allergan lifted fiscal outlook after net loss narrowed. CNA had strong start in 2018. Mercury General net swung to a loss on weak revenues. Loews profit fell but revenues soared. McDonald''''s net surged. T-Mobile US and Sprint are in $27 B merger agreement.

Airbus, Deutsche Bank Profit Decline; Sainsbury to Acquire ASDA from Walmart

Sarla Buch
30 Apr, 2018
New York City

Accor is in preliminary merger talk with Switzerland-based Movenpick Hotels. Airbus profit plunged 31% on fewer deliveries. Deutsche Bank reported weak-than-expected results. Sainsbury profit declined 10% and the retailer agreed to acquire controlling interest in Asda.

Intel Lifts Revenue Outlook, ExxonMobil Production Slumps as Profit Gains

Mukesh Buch
27 Apr, 2018
New York City

Colgate-Palmolive net soared on improved pricing. Dover formally approved separation of Apergy Corporation. Exxon Mobil profit and revenues soared. Intel lifted revenues forecast and the chipmaker reported a profit surge. Moody

Sanofi Announces Stock Buyback, Despite Asia Setback Renault Sales Rise

Sarla Buch
27 Apr, 2018
New York City

Amundi profit soared as net assets under management jumped on the rising inflow. Renault revenues edged up despite sales decline in Asia and Middle East. Sanofi profit tumbled 82% and drug-maker plans to buy back as much as

Bristol-Myers Lowers Forecast, PepsiCo Beats Estimates

Mukesh Buch
26 Apr, 2018
New York City

AbbVie plans to buy back up to $7.5 billion of stocks. Bristol-Myers net declined but revenues jumped. ConocoPhillips profit plunged despite higher oil prices. PepsiCo beats profit and sales expectations.