ticker

Brazil Based JBS Seeks Asset Sale, Linde Board Reviews Praxair Offer

Sarla Buch
26 May, 2017
New York City

Brazil based meat processor JBS may be forced to sell some assets as the company faces severe penalties from the widening corruption scandal. Spirax-Sarco agreed to buy Chromalox for

6-Day Rally Lifts S&P 500 to Record High, Best Buy Surges to 11-year High

Mukesh Buch
25 May, 2017
New York City

Market indexes rallied for the sixth day in a row. Abercrombie & Fitch net loss widened as sales plunge continues. Best Buy declined but lifted fiscal forecast. Burlington Stores net surged. Dollar Tree net plunged. Sears net swung to profit but comparable sales accelerated decline.

Aston Martin Sales Soar, Daily Mail and General Lowers Outlook

Sarla Buch
25 May, 2017
New York City

Aston Martin wholesale and retail sales surged and luxury cars maker lifted revenues forecast. Card Factory said sales jumped 6%. Daily Mail and General Trust lowered weak fiscal outlook. Helical revenues plunged. Paypoint net swung to profit.

Advance Auto Misses Estimates, Intuit Powers Ahead; Chico

Mukesh Buch
24 May, 2017
New York City

Advance Auto Parts missed estimates. Chico''s plunged 12% on weak sales and weaker forecast. Intuit revenues jumped as the accounting software developer ramps up payment gateway and mortgage brokerage business. Lowe''s revenues soared. Tiffany net jumped.

Dixons Beat Sales Estimate, M&S Profit Tumbles

Sarla Buch
24 May, 2017
New York City

Dixons Carphone reported strong sales but lowered profit forecast. Glencore made an informal approach to Bunge. Ineos agreed to buy DONG Energy for

AutoZone, Kirkland

Mukesh Buch
23 May, 2017
New York City

AutoZone fell on weak result. Agilent Technologies beat profit estimates. Cracker Barrel declared special dividend and lifted forecast. DSW reaffirmed fiscal outlook. Nordson net plunged 9% but revenues soared 13%. Toll Brothers profit surged and improved fiscal estimate.

Nokia Settles Patent Dispute with Apple, Homeserve Jumps

Sarla Buch
23 May, 2017
New York City

AVEVA continues its growth momentum. Big Yellow net declined. Entertainment One net tumbled as the company restructures its film unit. Homeserve net jumped on strong customer growth. Nokia and Apple settled intellectual property dispute with a multi-year license agreement.

Boeing, Defense Stocks Soar On Saudi Deal

Mukesh Buch
22 May, 2017
New York City

Boeing signed defense and commercial agreements with Saudi Arabia. Booz Allen lifted revenue estimate. Energy XXI Gulf Coast net swung to a loss. Rocky Mountain Chocolate profit declined 22%.

Clariant, Huntsman in $13 B Merger, Elliott Pressures Akzo

Sarla Buch
22 May, 2017
New York City

Elliott Management dragged Akzo Nobel to Dutch court. Aegon agreed to sell its two largest U.S. run-off businesses to rival Wilton Re. Clariant agreed to acquire the U.S.-based Huntsman for $6.4 billion. Metals Exploration tumbled.

Campbell Soup Trims Forecast, Deere and Salesforce Lifted Outlook

Mukesh Buch
19 May, 2017
New York City

Campbell Soup sales and profit drop on higher promotions and weak demand. Cato reported lower-than-expected results and the retailer lowered outlook. Deere surged on improved forecast. Foot Locker net fell. Gap reaffirmed fiscal outlook on flat revenues. Ross Stores net soared.

Eutelsat sells Spanish stake to Abertis, Hikma Pharma Lowers Outlook

Sarla Buch
19 May, 2017
New York City

Eutelsat agreed to sell its 33.7% stake in Spanish business to Abertis for

Burberry Suffers from Management Turmoil, Iliad Subscriber Base Crosses 6 M

Sarla Buch
18 May, 2017
New York City

Burberry said net dropped 8.5%. France based Iliad said revenues jumped on improved subscriber growth. Marston''s net jumped 26%. Royal Mail profit surged on parcel business. Germany based online pet food retailer Zooplus said profit declined 58%.

Cisco Declines on Gloomy Forecast, Wal-Mart Sustains Online Momentum

Mukesh Buch
18 May, 2017
New York City

The Buckle reported better than expected profit. Cisco profit jumped but failed to meet expectations. Children

Thermo in $7.2 B Deal with Patheon, Target Struggles with Sales Growth

Mukesh Buch
17 May, 2017
New York City

American Eagle plunged on weaker-than-expected profit and lower fiscal forecast. Jack in the Box net soared. Thermo Fisher agreed to acquire the Netherlands-based Patheon for $7.2 billion. Target net soared 8%. Urban Outfitters net declined 60%.

Bouygues Net Loss Narrows, Lloyds Back in Private Hands

Sarla Buch
17 May, 2017
New York City

ABN AMRO net surged. Bouygues net loss narrowed on higher revenues. British Land net tumbled on declining property values. U.K. sells final tranche of stake in Lloyds Banking acquired in the financial crisis of 2008. Raiffeisen Bank reports improving loan impairment losses.

Market Update