Zacks Market Edge Highlights: FEMSA, American Movil, Bancolombia, iShares Mexico ETF and Global MSCI Colombia ETF
Zacks Market Edge Highlights: FEMSA, American Movil, Bancolombia, iShares Mexico ETF and Global MSCI Colombia ETF
Mexico stocks were lower after the close on Monday, as losses in the Telecoms Services, Materials and Consumer Goods&Services sectors led shares lower. At the close in Mexico, the IPC lost 1.21% to hit a new 3-months low. The best performers of the session on the IPC were Grupo Aeroportuario Del Pacifico (MX:GAPB), which rose 1.29% or 1.610 points to trade at 126.140 at the close. Meanwhile, El Puerto De Liverpool Sab De CV (MX:LIVEPOLC1) added 0.93% or 1.750 points to end at 191.100 and Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) was up 0.50% or 0.210 points to 42.370 in late trade. The worst performers of the session were Empresas ICA , S.A.B. De C.V. (MX:ICA), which fell 2.98% or 0.340 points to trade at 11.060 at the close. Grupo Televisa SA (MX:TLVACPO) declined 2.69% or 3.080 points to end at 111.500 and Cemex SAB de CV (MX:CMXCPO) was down 2.51% or 0.330 points to 12.840. Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 106 to 48 and 3 ended unchanged. Shares in Empresas ICA, S.A.B. De C.V. (MX:ICA) fell to 5-year lows; losing 2.98% or 0.340 to 11.060. Shares in Cemex SAB de CV (MX:CMXCPO) fell to 52-week lows; down 2.51% or 0.330 to 12.840. Gold for December delivery was up 0.54% or 5.90 to $1091.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.02% or 0.01 to hit $47.01 a barrel, while the September Brent oil contract rose 0.07% or 0.04 to trade at $52.89 a barrel. USD/MXN was up 0.19% to 16.2974, while EUR/MXN rose 1.28% to 18.0799. The US Dollar Index was down 0.73% at 96.63.
Mexico stocks were lower after the close on Friday, as losses in the Healthcare, Materials and Financial Services sectors led shares lower. At the close in Mexico, the IPC lost 1.31% to hit a new 3-months low. The best performers of the session on the IPC were Kimberly – Clark De Mexico A (MX:KIMBERA), which rose 2.83% or 0.990 points to trade at 35.840 at the close. Meanwhile, Mexichem , S.A.B. De C.V. (MX:MEXCHEM) added 1.43% or 0.670 points to end at 47.520 and Grupo Financiero Inbursa , SAB De CV (MX:GFINBURO) was up 0.94% or 0.340 points to 36.400 in late trade. The worst performers of the session were Genomma Lab Internacional SAB De CV (MX:LABB), which fell 6.83% or 1.120 points to trade at 15.210 at the close. Cemex SAB de CV (MX:CMXCPO) declined 6.13% or 0.860 points to end at 13.130 and Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) was down 2.72% or 1.170 points to 41.960. Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 89 to 58 and 11 ended unchanged. Gold for August delivery was up 0.44% or 4.80 to $1098.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.69% or 0.34 to hit $48.12 a barrel, while the September Brent oil contract fell 1.05% or 0.58 to trade at $54.69 a barrel. USD/MXN was up 0.26% to 16.2609, while EUR/MXN rose 0.27% to 17.8524. The US Dollar Index was up 0.07% at 97.35.
Mexico stocks were higher after the close on Monday, as gains in the Healthcare, Financial Services and Telecoms Services sectors led shares higher. At the close in Mexico, the IPC added 0.56% to hit a new 1-month high. The best performers of the session on the IPC were Genomma Lab Internacional SAB De CV (MX:LABB), which rose 8.42% or 1.290 points to trade at 16.740 at the close. Meanwhile, Ohl Mexico, S.A.B. De C.V. (MX:OHLMEX) added 2.69% or 0.560 points to end at 21.410 and El Puerto De Liverpool Sab De CV (MX:LIVEPOLC1) was up 2.30% or 4.100 points to 182.000 in late trade. The worst performers of the session were PINFRA SAB De CV (MX:PINFRA), which fell 1.21% or 2.090 points to trade at 170.300 at the close. Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) declined 1.05% or 0.430 points to end at 40.330 and Kimberly – Clark De Mexico A (MX:KIMBERA) was down 1.02% or 0.350 points to 33.910. Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 75 to 55 and 9 ended unchanged. Gold for August delivery was down 1.41% or 16.90 to $1185.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.47% or 0.28 to hit $60.24 a barrel, while the August Brent oil contract rose 0.45% or 0.28 to trade at $63.30 a barrel. USD/MXN was down 0.05% to 15.3407, while EUR/MXN fell 0.13% to 17.3970. The US Dollar Index was up 0.22% at 94.52.
Китай, Бразилия и Нигерия сокращают закупки пшеницы из США, крупнейшего экспортера зерна, вследствие избыточных мировых запасов, спрос на американскую пшеницу снизился до 20-летнего минимума на фоне роста доллара. Усугубляют ситуацию американские фермы крупного рогатого скота, которые вновь нарастили долю кукурузы в кормовом рационе, пишет Bloomberg. За последний месяц чикагские фьючерсы на пшеницу подешевели на 17%. Благодаря росту урожая в прошлом году в Аргентине, России и европейских странах мировое производство зерновых достигло рекордного уровня, а доля США на рынке снизилась до минимума по меньшей мере с 1960 года. Падение цен на зерно сокращает издержки таких покупателей муки, как Grupo Bimbo SAB и Panera Bread Co. Это одна из причин снижения отслеживаемых ООН цен на продовольствие до четырехлетнего минимума в прошлом месяце. "Пшеница из США не конкурентна на фоне огромного предложения из других стран. Пока другие поставщики будут предлагать более дешевую пшеницу с более низкими транспортными издержками, до тех пор США не смогут вернуть себе статус ведущего экспортера", - говорит Джо Ларди, директор по исследованиям CHS Hedging Inc. из Миннесоты, которая входит в состав крупнейшего в США сельскохозяйственного кооператива. Источник: Prime
Китай, Бразилия и Нигерия сокращают закупки пшеницы из США, крупнейшего экспортера зерна, вследствие избыточных мировых запасов, спрос на американскую пшеницу снизился до 20-летнего минимума на фоне роста доллара. Усугубляют ситуацию американские фермы крупного рогатого скота, которые вновь нарастили долю кукурузы в кормовом рационе, пишет Bloomberg. За последний месяц чикагские фьючерсы на пшеницу подешевели на 17%. Благодаря росту урожая в прошлом году в Аргентине, России и европейских странах мировое производство зерновых достигло рекордного уровня, а доля США на рынке снизилась до минимума по меньшей мере с 1960 года. Падение цен на зерно сокращает издержки таких покупателей муки, как Grupo Bimbo SAB и Panera Bread Co. Это одна из причин снижения отслеживаемых ООН цен на продовольствие до четырехлетнего минимума в прошлом месяце. "Пшеница из США не конкурентна на фоне огромного предложения из других стран. Пока другие поставщики будут предлагать более дешевую пшеницу с более низкими транспортными издержками, до тех пор США не смогут вернуть себе статус ведущего экспортера", - говорит Джо Ларди, директор по исследованиям CHS Hedging Inc. из Миннесоты, которая входит в состав крупнейшего в США сельскохозяйственного кооператива. (http://1prime.ru/consumer...)
Icahn, Paulson Suffer Large Losses as Energy-Related Bets Sour (WSJ) Oil Investors Keep Betting Wrong on When Market Will Bottom (BBG) U.S. to sell final $1.25 billion shares of Ally Financial from bailout (Reuters) Ally Financial Gets Subpoena Related to Subprime Automotive Finance (WSJ) Russia's parliament rushes through bill boosting banking capital (Reuters) How a Memo Cost Big Banks $37 Billion (WSJ) ECB considers making weaker euro zone states bear more quantitative easing risk (Reuters) How the U.S. Could Retaliate Against North Korea (BBG) U.S. backed talks with ISIS over American hostage (Reuters) Oil Crash Exposes New Risks for U.S. Shale Drillers (BBG) Exxon Mobil Shows Why U.S. Oil Output Rises as Prices Plunge (BBG) Eight children killed in Australia in reported mass stabbing (Reuters) No Selfies, Tweets or Leaks: Why Cuba Talks Had to Be Kept Top Secret (BBG) Sony Hackers Seen Having Snooped for Months, Planted Bomb (BBG) Oil-Led Slump Spurring Fastest Investor Exit From Commodities Since 2008 (BBG) Despite billions in aid, U.S. unable to get Pakistan to confront militants (Reuters) Overnight Media Digest WSJ * Ripples from Sony Pictures' decision not to release its controversial comedy "The Interview" immediately reached other entertainment projects in the works as producers and studios sought to distance themselves from productions involving North Korea. (http://on.wsj.com/1xtc4g3) * If the Obama administration's move to normalize ties with Cuba does lead to an end to the U.S. embargo, it could reignite battles over the U.S. rights to sell two of the island's most prized exports: cigars and rum. (http://on.wsj.com/13FSjFJ) * Car makers are not pulling out of Russia yet, but they are growing increasingly nervous and moving to control the damage from plunging consumer demand and exposure to Russia's swooning currency. (http://on.wsj.com/1AlBM5G) * Deezer, the French music streaming service, has appointed a new boss as it prepares for a full-scale launch in the already crowded U.S. market. (http://on.wsj.com/1C6d2R5) * Madison Square Garden Co, which said in October that it would explore separating its entertainment businesses from its media and sports operations, added on Thursday that it would consider breaking up further. (http://on.wsj.com/1wRAPQh) * Computer-services company Atos will buy Xerox's information technology outsourcing business for $1.05 billion in cash, a deal that would bolster the French company's position in the U.S. (http://on.wsj.com/1AlCyQa) * Luxembourg agreed Thursday to share with the European Commission information on tax deals secured by multinational companies with operations in the small nation. (http://on.wsj.com/1DQYVRq) * RadioShack Corp said its head of marketing is leaving the company, the second top level executive departure in the middle of its all-important holiday sales drive, as the electronics chain tries to stave off bankruptcy. (http://on.wsj.com/1AlCAHY) * Liberty Media Corp's CommerceHub is set to announce it has agreed to acquire e-commerce advisory firm Mercent as it seeks to broaden its clients' reach online, particularly through Amazon.com Inc and Google Inc . (http://on.wsj.com/1x3VjbL) * American Apparel Inc has been approached by Irving Place Capital about a possible takeover, according to people familiar with the matter. (http://on.wsj.com/1sMC70C) * Unilever Plc on Thursday said it was withdrawing a high-profile lawsuit it filed against a California food startup over the marketing of mayonnaise. (http://on.wsj.com/1GwXqpz) * Hulu has won the rights to a large trove of FX Networks shows like "The Strain" and "Tyrant" in a deal designed to minimize the damage many media executives fear streaming services are wreaking on traditional cable TV. (http://on.wsj.com/1w4B6vv) FT Germany's BASF and Russia's Gazprom neft' OAO have decided to call off an energy asset swap due to "difficult political environment", the chemical producing company said on Thursday. Hampton Creek, maker of Just Mayo spread, has raised $90 mln from Horizons Ventures, Li Ka-shing's investment fund, and Khosla Ventures, a Silicon Valley venture-capital firm, both of which are already investors in the company. France's competition authority has issued a 951 million euros ($1.17 billion) fine to companies including L'Oreal and Unilever after finding them guilty of secretly fixing prices of household and personal care products. Ireland's former flag carrier Aer Lingus said on Thursday that it rejected a takeover bid from British Airways owner IAG as it "fundamentally undervalued" the business. NYT * Within hours of President Obama's historic move to restore full diplomatic relations with Cuba, companies in the United States are already developing strategies to introduce their products and services to a market they have not been in for the better part of 50 years - if ever. (http://nyti.ms/1AlCu2O) * Switzerland is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand. (http://nyti.ms/1zCKcEG) * The European Union announced new sanctions over Ukraine on Thursday, outlawing European investment in Crimea, the Black Sea peninsula annexed by Russia in March, as leaders of the 28-nation bloc gathered in Brussels to review their strategy toward Russia. (http://nyti.ms/1uYtB97) * A White House official said the administration was considering a "proportional response" against those who hacked into Sony Pictures computers, a retaliation that could thrust the United States into a direct confrontation with North Korea. (http://nyti.ms/1sF66lr) * A European Union investigation into possible price fixing by Europe's largest truck manufacturers appeared to be gathering momentum after Daimler of Germany said it had set aside 600 million euros to cover possible costs resulting from the inquiry. (http://nyti.ms/1wRxT69) * Under pressure from regulators, Ford Motor Co is expanding nationwide the recall of vehicles with airbags manufactured by the Japanese supplier Takata Corp, the automaker said. (http://nyti.ms/1DQYcjh) * The private equity firm Westbrook Partners has thrown in the towel and says it will sell the New Era Estate, a London housing block whose tenants protested its plans to raise rents. (http://nyti.ms/13jhFs4) * Ally Financial Inc said it had received a Justice Department subpoena as part of an investigation "related to subprime automotive finance and related securitization activities." (http://nyti.ms/1sNaYuG) * Xerox Corp has agreed to sell its information technology outsourcing business to Atos, the French technology company, for just over $1 billion. (http://nyti.ms/1wpZaOm) * Goldman Sachs Group Inc named John E. Waldron as one of its co-heads of investment banking, succeeding John S. Weinberg, a vice chairman and a member of one of the firm's most prominent families. (http://nyti.ms/1AN8meT) Canada THE GLOBE AND MAIL ** In its continuing bid to boost competition in the wireless industry, Ottawa confirmed it will reserve the majority of cellular airwaves in a coming public auction for small carriers. At the same time, the federal government, which has pushed pro-consumer policy, assured Canadians in rural areas they will not lose what Internet access they already have and revealed plans to hold another auction of valuable low-band airwaves. (http://bit.ly/1x4qJi4) ** Grupo Bimbo SAB de CV is buying the Vachon family of snack cakes from Saputo Inc for C$120 million ($103.55 million) as the Mexican baked-goods company widens its footprint in Canada. (http://bit.ly/1GvrK3O) ** U.S. ambassador Bruce Heyman is urging Canada to continue sharing security information with the United States in the wake of a damning report on the CIA's brutal interrogation methods. In a recent interview with The Globe and Mail, Heyman said co-operation between the two countries is critical to keeping citizens safe. (http://bit.ly/1xtt5Xx) NATIONAL POST ** BlackBerry Ltd unveiled a new phone that harks back to the company's glory days of being the world's leading smartphone maker, capping a year dedicated to stabilizing finances and winning back investor confidence. Earnings on Friday will shed light on how successful the turnaround has been. (http://bit.ly/1wrzGQL) ** The Ontario government wants Ottawa to pony up C$1 billion for the massive "Ring of Fire" mineral belt, but the federal natural resources minister is warning that key structural challenges still need to be overcome. The Ring of Fire, named after the famous Johnny Cash song, is a vast but very remote mineral belt located in Ontario's James Bay Lowlands. (http://bit.ly/1wKeYvr) ** Court documents allege the Ontario Liberal party paid the spouse of a top aide to Dalton McGuinty C$10,000 to wipe computer hard drives in the premier's office. The allegation is contained in police documents used to obtain a search warrant that was executed in November at an Ontario government cyber security office in downtown Toronto. (http://bit.ly/1wIC45o) China CHINA SECURITIES JOURNAL - Corn starch futures would start trading on Dec. 19 in Dalian Commodity Exchange (DCE), which would be the 44th commodity futures in China, the Dalian Futures Exchange said. CHINA DAILY - China is to set up an offshore observation network by 2020 to cope with disasters, guarantee development of the coastal economy and protect the country's maritime interest, according to a guideline released by the State Oceanic Administration. - Domestic solar panel producers are looking to emerging markets to offset mounting difficulties they face in the United States, where they fear they may be squeezed out completely by a new ruling on dumping duties. SHANGHAI DAILY - A former housing official has been sentenced to 25 years in prison for bribery, corruption and embezzlement by a court in Zhengzhou, capital of central China's Henan Province. The Zhengzhou court said Zhai illegally owned 20 properties, of which 11 were registered under his daughter's names and nine under his son's. Britain The Times JOHN LAING BUILDS HEAD OF STEAM TO BE FIRST BIG 2015 LONDON FLOAT John Laing is on the verge of being brought back to the stock market seven years after it was taken private. The infrastructure investor and construction project management firm is likely to be one of the first big London floats of 2015. John Laing's owner, Henderson, the international investment house and private equity firm, has hired HSBC Holdings Plc and Barclays Plc to marshal an initial public offering. (http://thetim.es/1sEGLrV) The Guardian FRANCE FINES 13 CONSUMER GOODS FIRMS 951 MLN EUROS FOR PRICE-FIXING Some of the world's biggest consumer products companies, including Unilever , Reckitt Benckiser, Procter & Gamble and Gillette, have been fined a combined 951 million euros ($1.17 billion) by the French competition watchdog for price fixing in supermarkets. (http://bit.ly/1w3W4ug) ROYAL MAIL SELL-OFF UNDERVALUED FIRM BY 180 MLN STG, REPORT FINDS The government could have made 180 million pounds ($281.97 million) more from the 2 billion pounds sale of Royal Mail Plc last year but this would have involved "considerable risk," a report commissioned by business secretary Vince Cable concluded. (http://bit.ly/1w1Rlt2) The Telegraph UK GOVERNMENT RECOVERS 1.36 BLN STG OF MONEY USED TO BAIL OUT SAVERS IN ICELANDIC BANK The government has now recovered 85 percent of the money it spent bailing out hundreds of thousands of British consumers who risked seeing their savings wiped out when Icesave collapsed. The Treasury announced on Thursday that it had recovered another 1.36 billion pounds from the estate of Landsbanki, which went bust in 2008. (http://bit.ly/16wSnbR) Sky News MOBILE NETWORKS AGREE DEAL TO BOOST UK COVERAGE A 5 billion pound project to guarantee mobile phone voice and text coverage to 90 percent of the UK geographical area by 2017 will go ahead. The deal means the four mobile networks - EE, O2, Three and Vodafone Group Plc - have all agreed to tackle poor coverage in so-called partial "not spots." (http://bit.ly/1w3LyDk) The Independent NORTH SEA JOBS TO BE AXED AS OIL PRICE DIVES Aberdeen could suffer devastating employment cuts say analysts, after warnings that the North Sea oil industry is "close to collapse" because of the dramatic fall in oil prices. (http://ind.pn/1x3k7k9) AER LINGUS REJECTS TAKEOVER BID FROM BRITISH AIRWAYS OWNER IAG Irish airline Aer Lingus Group Plc has rejected a takeover bid by the International Consolidated Airlines Group , the parent company of British Airways. (http://ind.pn/1wQqWCm) Fly On The Wall Pre-market Buzz ECONOMIC REPORTS Domestic economic reports scheduled for today include: Kansas City Fed manufacturing index for December at 11:00--consensus 7 ANALYST RESEARCH Upgrades CVS Health (CVS) upgraded to Buy from Neutral at SunTrust EPR Properties (EPR) upgraded to Hold from Underweight at KeyBanc First Marblehead (FMD) upgraded to Buy from Neutral at Compass Point Medical Properties Trust (MPW) upgraded to Hold from Underweight at KeyBanc Orange SA (ORAN) upgraded to Buy from Hold at Deutsche Bank Potash (POT) upgraded to Buy from Neutral at UBS Ryanair (RYAAY) upgraded to Outperform from In-Line at Imperial Capital Unum Group (UNM) upgraded to Buy from Neutral at Compass Point WPP PLC (WPPGY) upgraded to Buy from Neutral at Citigroup Downgrades Actuant (ATU) downgraded to Hold from Buy at Jefferies EastGroup Properties (EGP) downgraded to Neutral from Buy at Goldman Hartford Financial (HIG) downgraded to Neutral from Buy at Citigroup Healthcare Realty Trust (HR) downgraded to Hold from Buy at KeyBanc Kinross Gold (KGC) downgraded to Neutral from Buy at UBS Maxim Integrated (MXIM) downgraded to Neutral from Buy at Goldman OGE Energy (OGE) downgraded to Hold from Buy at Wunderlich Otonomy (OTIC) downgraded to Underperform from Neutral at BofA/Merrill RPC, Inc. (RES) downgraded to Neutral from Buy at Citigroup STAG Industrial (STAG) downgraded to Hold from Buy at MLV & Co. Teekay Tankers (TNK) downgraded to Neutral from Buy at UBS The Pantry (PTRY) downgraded to Underperform from Sector Perform at RBC Capital Wesco Aircraft (WAIR) downgraded to Sell from Hold at Deutsche Bank Worthington (WOR) downgraded to Hold from Buy at KeyBanc Initiations Adept Technology (ADEP) initiated with an Overweight at Piper Jaffray AeroVironment (AVAV) initiated with a Neutral at Piper Jaffray Anadarko (APC) initiated with a Buy at Guggenheim Ashford (AINC) initiated with a Buy at MLV & Co. BE Aerospace (BEAV) resumed with a Buy at Citigroup Capitala Finance (CPTA) initiated with a Buy at UBS Clean Harbors (CLH) initiated with a Neutral at Macquarie Continental Resources (CLR) initiated with a Buy at Guggenheim Corrections Corp. (CXW) initiated with a Market Perform at Wells Fargo Customers Bancorp (CUBI) initiated with a Market Perform at Keefe Bruyette Demandware (DWRE) initiated with an Outperform at RBC Capital Ellie Mae (ELLI) initiated with an Outperform at RBC Capital Ellington Residential (EARN) initiated with a Market Perform at JMP Securities Geo Group (GEO) initiated with a Market Perform at Wells Fargo GrubHub (GRUB) initiated with an Outperform at Oppenheimer Intermolecular (IMI) initiated with a Market Perform at Northland Internap (INAP) initiated with a Buy at Stifel iRobot (IRBT) initiated with an Overweight at Piper Jaffray Jumei (JMEI) initiated with a Hold at Brean Capital KLX Inc. (KLXI) initiated with a Hold at Deutsche Bank Microchip (MCHP) reinstated with a Neutral at Goldman Newfield Exploration (NFX) initiated with a Buy at Guggenheim Oasis Petroleum (OAS) initiated with a Buy at Guggenheim Opco unsure if Twitter (TWTR) has mass market appeal, starts at Perform RSP Permian (RSPP) initiated with a Neutral at Guggenheim Rackspace (RAX) coverage resumed with a Buy at Stifel Rexford Industrial (REXR) initiated with a Hold at Jefferies SM Energy (SM) initiated with a Neutral at Guggenheim Sotherly Hotels (SOHO) initiated with an Outperform at JMP Securities Southwestern Energy (SWN) initiated with a Neutral at Guggenheim Stericycle (SRCL) initiated with an Outperform at Macquarie Telefonica (TEF) reinstated with a Sell at Deutsche Bank Travelport (TVPT) initiated with a Perform at Oppenheimer Ubiquiti Networks (UBNT) initiated with a Sell at Goldman Wabtec (WAB) initiated with a Neutral at Macquarie Whiting Petroleum (WLL) initiated with a Neutral at Guggenheim Wright Medical (WMGI) initiated with a Market Perform at Wells Fargo COMPANY NEWS Ally Financial (ALLY) received DOJ subpoena over subprime automotive finance Ally Financial (ALLY) to exit Troubled Asset Relief Program Atos to buy Xerox's (XRX) IT outsourcing business for $1.05B Carnival (CCL) announces two new ship orders with Fincantieri DuPont (DD) announces restructuring, spinoff of chemicals company Eli Lilly (LLY), Adocia to co-develop BioChaperone Lispro FMC Technologies (FTI) awarded $393M subsea systems contract ImmunoGen reports Phase III MARIANNE study met non-inferiority endpoint Journal Communications (JRN) and DISH reach retransmission agreemnt Madison Square Garden (MSG) board directs management to consider additional spin-offs Maximus (MMS) awarded North East Yorkshire, Humber work Work Programme contract Men's Wearhouse (MW), Eminence in standstill agreement amendment MetLife (MET) says 'disappointed' in FSOC decision NQ Mobile (nq) to sell FL Mobil to Tack Fiori International RCS Capital (RCAP) issues statement regarding recent market developments Red Hat (RHT) CFO to retire in next 12 months Roche (RHHBY) says breast cancer study did not meet PFS superiority endpoint Roche (RHHBY) to discontinue Phase III study of Alzheimer's disease drug Solazyme (SZYM) begins restructuring plan to reduce 2015 operating expenses by $18.0M Stadium Capital Management urges Big 5 Sporting (BGFV) to eliminate 'staggered board' Transocean (RIG) to scrap seven floaters, sees Q4 charge of $100M-$140M Wabash (WNC) authorizes stock repurchase program for up to $60M Xerox (XRX) to sell IT outsourcing business to Atos for $1.05B EARNINGS Companies that beat consensus earnings expectations last night and today include: Cintas (CTAS), Nike (NKE), AAR Corp. (AIR), Red Hat (RHT) Companies that matched consensus earnings expectations include: Pier 1 Imports (PIR) Xerox (XRX) lowers FY14 adjusted EPS to $1.04-$1.06 from $1.11-$1.13, consensus $1.12 Xerox (XRX) lowers Q4 adjusted EPS view to 28c-30c from 30c-32c, consensus 31c Xerox (XRX) lowers FY15 adjusted EPS to $1.05-$1.11 from $1.11-$1.17, consensus $1.17 Nike (NKE) sees Q3 constant dollar revenue growth in low teens Nike (NKE) backs FY15 constant dollar revenue growth view Nike (NKE) sees FY15 China revenue growth in mid teens range Red Hat (RHT) sees Q4 EPS 40-41c, consensus 41c Red Hat (RHT) raises FY15 EPS to $1.57-$1.58, consensus $1.55 NQ Mobile (NQ) raises FY14 revenue view to $325M-$326M from $320M-$325M Cintas (CTAS) sees FY15 EPS ex-tems $3.20-$3.25, consensus $3.15 Pier 1 Imports (PIR) backs FY15 EPS view 95c-$1.05, consensus 98c NEWSPAPERS/WEBSITES Fortress (FIG) looks to sell TRAC Intermodal, Reuters says Google's (GOOG) next version of Android to be built directly into cars, Reuters says Obama administration to ease many parts of Cuba embargo, NY Times says Oracle (ORCL) looks like a 'buy', Barron's says Sony (SNE) loss on 'Interview' may not be covered by insurance, NY Post says Sony (SNE) shares could climb 50%, Barron's says Sony (SNE) unable to find outlet for film as relationships damaged, NY Times reports Toyota (TM) to consolidate seat-making operations, Nikkei reports SYNDICATE Alcoa (AA) files to sell 36.52M shares of common stock for holders Ally Financial (ALLY) files automatic common stock shelf Juno Therapeutics (JUNO) 11M M share IPO priced at $24.00 PlasmaTech (PTBI) 3.5M share Secondary priced at $4.00 Teekay Tankers (TNK) files to sell 20M shares of Class A common stock
Nature is valuable. But figuring out how valuable has been challenging. By some measures, the services that nature provides business and society — clean water, food and metals, natural defense from storms and floods, and much more — are worth many trillions of dollars. But that number is not helpful to companies trying to assess how dependent they are on natural resources, or how to value them as business inputs. In recent years, many large companies have realized that they need to get a handle on these issues, and that doing it well creates business resilience. But figuring out what steps to take has been challenging. Into that void steps a new, very helpful tool, the Natural Capital Business Hub. The Hub is a project run by the Corporate EcoForum, The Nature Conservancy, and The Natural Capital Coalition (and built by Tata Consultancy Services). It builds off a partnership launched at the Rio+20 summit in 2012 with companies such as Alcoa, Coca-Cola, Disney, Dow, GM, Kimberly-Clark, Nike, Unilever, and Xerox. At the time, they produced a report with case studies showing how companies have managed natural capital issues. The Hub expands that effort, making much more information available and searchable. The Hub basically does four things: Provides case studies of corporate action for benchmarking and learning, which you can search by industry, region, ecosystem, or value-creation focus (cost reduction, brand building, etc.). Offers perspective on how to make the business case internally by laying out how valuing natural capital helps business. Gives us a framework for implementation and a thorough description of (or links to) the best tools for valuing and managing natural capital. Opens up collaboration opportunities by listing programs that need more partners and builds a network of professionals (with 2Degrees Network) who are working on these issues. The case studies are ostensibly the core of the site. Project managers, facility heads, executives who make capital decisions, sustainability managers, and many others can learn from the work that leading companies have done already. Managing natural capital is a young field, but Dow, for example, is now three years into its six-year partnership with The Nature Conservancy to “recognize, value, and incorporate the value of nature into business decisions, strategies and goals.” (The company just released the latest update on the partnership.) The Hub is a place to start your research and learn from Dow and many others. On the site, you can find stories of completed projects or prospective collaborations that need more partners to get off the ground. In the first category, you’ll find stories like the one about Grupo Bimbo, the Mexican food company that owns Sara Lee, Hostess, and Pepperidge Farms. Bimbo needed to manage stormwater around a site in Pennsylvania. Using natural or “green” infrastructure such as rain gardens and forest buffers — versus “gray”, manmade systems like retention ponds and pipes — the company reduced ongoing operating costs and avoided the complications of burying pipes in sensitive ecosystems. On a somewhat larger scale, consider Darden restaurants (owner of Olive Garden, Red Lobster, and many more) and its efforts to save fisheries. As companies like Unilever and McDonald’s have long recognized, ensuring healthy fish stocks isn’t a philanthropic nice-to-have, but core to business survival: no fish, no fish sticks, lobster plates, or Filet-O-Fish sandwiches. Darden is working with the National Fish & Wildlife Foundation and others to target valuable fisheries and manage them closely. What’s interesting about the Darden case study, and the Hub in general, is that this project is just getting started — essentially, it’s an open call for collaboration. The Hub is innovative and helpful because of the partnership tools. Natural capital issues are not easy and cross many lines – every company, city, and home in a region, for example, depends on water and flood protection. No organization or region can act alone, and it shouldn’t. By listing the major collaborations that are actively searching for new partners, the Hub has done a great service.
Grupo Bimbo Moves into Highly Saturated Canadian Bakery Market
Investors are looking at Flower Foods (FLO +1.6%) in a different light following Grupo Bimbo's acquisition of Canada Bread for a sweet premium. Right away the deal takes away the worry that Flower Foods would try to stretch too far to acquire Canada Bread for itself - while down the road the narrowed field of bread makers in the U.S. could support pricing and give a boost to Flower Foods' profits. Shares of FLO cracked $20 for the first time this month off the development.A little insider buying never hurts sentiment either. (SEC Form 4) Post your comment!
Grupo Bimbo (OTCPK:GRBMF) will purchase Canada Bread for $1.83B. The deal price comes at a hefty premium to Canada Bread's (OTC:CBDLF) projected earnings track and could be of interest to investors of Flower Foods (FLO) and Post Holdings (POST). Post your comment!
Twinkies will be back on the market by late July and the rest of the well-known Hostess brands will follow later in the summer, according to a Hostess Brands exec. The quick turnaround out of the bankruptcy bin has implications for Flower Foods (FLO) and Grupo Bimbo which were hoping to jump into the snacks food void with their own brands.
Twinkies will be back on the market by late July and the rest of the well-known Hostess brands will follow later in the summer, according to a Hostess Brands exec. The quick turnaround out of the bankruptcy bin has implications for Flower Foods (FLO) and Grupo Bimbo which were hoping to jump into the snacks food void with their own brands. 1 comment!
Grupo Bimbo (GRBMF.PK) plans to launch knock-off Hostess products before the well-known brands can be brought back to the market by Apollo Global Management (Twinkies, Ho Hos, Ding Dongs) and Flower Foods (Wonder Bread, Nature's Pride) from the bankruptcy bin. The new snack products could be on the market within a month or two.
Grupo Bimbo (GRBMF.PK) plans to launch knock-off Hostess products before the well-known brands can be brought back to the market by Apollo Global Management (Twinkies, Ho Hos, Ding Dongs) and Flower Foods (Wonder Bread, Nature's Pride) from the bankruptcy bin. The new snack products could be on the market within a month or two. 1 comment!
The billionaire Servitje family of Mexico, led by Roberto Servitje, owns Grupo Bimbo, Mexico’s largest bakery company, with household brands including Nutella and Sara Lee sold throughout the Americas, Europe, and Asia. Grupo Bimbo is being threatened by the criminal group Los Caballeros Templarios (The Knights Templar). The organization, a savage cartel that operates in the drug-plagued Mexican state of Michoacán, has threatened to burn trucks owned by Bimbo, Marinela (the pastries division of Grupo Bimbo), Barcel (a Bimbo unit that makes tortillas, potato chips and snacks) and Sabritas (a Pepsi-Cola subsidiary that makes snacks), if they distribute their products during the next three weeks in the state’s Apatzingán region, Mexico City’s leading daily, Reforma, reported on April 17.
NEW YORK — A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands, to Apollo Global Management and Metropoulos & Co. for $410 million. Evan Metropoulos, a principal of the latter firm, said in an interview that he wants to have the snack cakes back on shelves by June and that the brands could benefit from new flavors and other product extensions. "There's no mistake, we've got to move smartly, we've got to move quickly," Metropoulos said. He also said that comedians Will Farrell and Zack Galifianakis are at the top of his "wish list" for potential pitchmen. But he doesn't plan on formally approaching anyone about marketing deals until after the sale closes in coming weeks. Metropoulos, which owns Pabst beer, has already used Farrell in its ads. Apollo's investments include the fast-food chains Hardee's and Carl's Jr., which is known for indulgent burgers and splashy ads starring scantily clad women. Judge Robert Drain of the U.S. Bankruptcy Court of the Southern District of New York also approved the sale of Wonder bread to Flowers Foods, which makes Tastykakes and other breads. Flowers, based in Thomasville, Ga., would also get Nature's Pride, Butternut, Home Pride and Merita as part of the $360 deal. Hostess has said the Justice Department is reviewing that sale. The sale of Beefsteak to Grupo Bimbo was also approved. Grupo Bimbo makes Entenmann's cakes and Thomas' English muffins and is paying $31.9 million for the regional bread brand. A separate hearing is scheduled for April 9 to approve the sale of Drake's cakes, which include Devil Dogs and Yodels. Hostess picked McKee Foods, the maker of Little Debbie snack cakes, as the buyer for those brands at $27.5 million. Taken together, a Hostess spokesman said 29 of the bankrupt company's 36 bakeries were sold as part of the transactions. It will be up to the new owners whether to hire back the thousands of workers who lost their jobs when the company went out of business. In a statement, the company's bakers union said it shared the enthusiasm exhibited by the new owners to bring Hostess brands back to shelves quickly. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union said it believed "our highly-motivated and skilled workforce will serve as indispensable partners in the seamless re-opening of factories." Hostess closed its factories in late November following a strike by the union. The company had been struggling financially for years.