Sinead's Feed
May 29, 2015

Wall St Week Ahead-Strong sales could shift Ford, GM to higher gear

NEW YORK, May 29 (Reuters) – Shares of U.S. automakers may
finally be able to accelerate.

Investors are closely awaiting next week’s May sales data,
expected to come in near record levels. Meeting those forecasts
could be enough to lift the sector – among the cheapest in the
market – putting the sting of product recalls and tepid recent
growth in the rear view mirror.

May 14, 2015

Who’s calling Avon? Shares spike on mystery takeover bid

By Siddharth Cavale and Sinead Carew

(Reuters) – Shares of Avon Products Inc (AVP.N: Quote, Profile, Research, Stock Buzz) soared as much as 20 percent after an apparently non-existent firm incorporated in a remote archipelago in the Indian Ocean offered to buy the cosmetics company for almost three times its market value.

Avon said it had not received any such offer.

The purported acquirer, which identified itself as PTG Capital Partners, said in a U.S. Securities and Exchange Commission filing on Thursday it would pay $18.75 per share for Avon. (bit.ly/1A2HwEy)

May 13, 2015

Wall St little changed in earnings, data lull

May 13 (Reuters) – Wall Street was little changed in
afternoon trading on Wednesday as investors stood on the
sidelines waiting for the next round of economic data at the
tail end of earnings season.

U.S. retail sales were unchanged in April as households cut
back on purchases of cars and other big-ticket items and import
prices fell for a 10th straight month in April and business
inventories barely rose in March.

May 13, 2015

Cancer conference data may prompt healthcare share volatility

May 12 (Reuters) – Healthcare stocks may be unusually
volatile after abstracts are released on Wednesday night by many
companies scheduled to present at a cancer conference between
May 29 and June 2.

Investors were waiting for news that could move share prices
from many bigger companies including Bristol-Meyers Squibb Co
, Amgen Inc and Celgene Corp. Hot
topics at the American Society of Clinical Oncology conference
in Chicago will include immuno oncology and CAR-T cell
therapies.

May 8, 2015

Wage increases in focus ahead of retail earnings

By Sinead Carew

(Reuters) – Labor expenses will be a key focus during retailers’ earnings conference calls in the coming weeks, with many companies under pressure to boost workers’ wages at a time when low U.S. unemployment levels have given workers more leverage.

Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz), Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz), T.J. Maxx (TJX.N: Quote, Profile, Research, Stock Buzz), Gap (GPS.N: Quote, Profile, Research, Stock Buzz), and McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) have already announced wage increases, and the trend appears to be trickling further into the retail and restaurant sectors.

May 8, 2015

Wall St Week Ahead-Wage increases in focus ahead of retail earnings

May 8 (Reuters) – Labor expenses will be a key focus during
retailers’ earnings conference calls in the coming weeks, with
many companies under pressure to boost workers’ wages at a time
when low U.S. unemployment levels have given workers more
leverage.

Wal-Mart, Target Corp, T.J. Maxx,
Gap, and McDonald’s Corp have already announced
wage increases, and the trend appears to be trickling further
into the retail and restaurant sectors.

May 7, 2015

OvaScience shares up on first birth after its fertility treatment

May 7 (Reuters) – Shares in OvaScience Inc were up
8 percent on Thursday after the company announced the first
birth of baby resulting from its experimental Augment fertility
treatment.

The OvaScience technology is in its very early stages and
has yet to be proven to work on a large scale or cleared by
regulators for use in the United States. But Michael King, an
analyst at JMP Securities in New York, said it does not appear
to have any competition and could sell into a large overseas
market.

May 6, 2015

Yellen cites lofty share values; little evidence investors should care

By Sinead Carew

(Reuters) – Investors wary of Federal Reserve chairs warning about overvalued stock markets need not fret: Such remarks tend not to have a lasting effect.

Fed Chair Janet Yellen said on Wednesday that equity market valuations are “generally quite high,” saying there are “potential dangers” with where shares are trading. The market reaction was modest at first, but major averages lost ground in the late afternoon, with the effect of her words unclear.

Apr 24, 2015

Investors seek protection against healthcare stock decline

NEW YORK (Reuters) – Healthcare companies on a seven-year tear have been top performers so far in 2015, helping to push broad stock indexes to record levels, but traders are now looking to protect themselves from a selloff as they await major earnings reports in the sector.

Companies reporting first-quarter earnings next week include Bristol-Meyers Squibb Co, Boston Scientific Corp, Merck & Co, Pfizer Inc, Gilead Sciences Inc and Celgene Corp.

Apr 24, 2015

Wall St Week Ahead-Investors seek protection against healthcare stock decline

NEW YORK, April 24 (Reuters) – Healthcare companies on a
seven-year tear have been top performers so far in 2015, helping
to push broad stock indexes to record levels, but traders are
now looking to protect themselves from a selloff as they await
major earnings reports in the sector.

Companies reporting first-quarter earnings next week include
Bristol-Meyers Squibb Co, Boston Scientific Corp
, Merck & Co, Pfizer Inc, Gilead Sciences
Inc and Celgene Corp.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
    • More from Sinead

    • Follow Sinead