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Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Activist investor Elliott Management has made a multibillion-dollar investment in Salesforce (CRM), adding to the pressures facing the business-software provider, The Wall Street Journal's Lauren Thomas and Laura Cooper report, citing people familiar with the matter. "Salesforce is one of the preeminent software companies in the world, and having followed the company for nearly two decades, we have developed a deep respect for [Co-Chief Executive] Marc Benioff and what he has built," Jesse Cohn, managing partner at Elliott, said. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," added Cohn. 2. Abbott Laboratories (ABT) said it's cooperating with the Justice Department in a probe involving the contamination of baby formula at one of the company's plants last year, Bloomberg's Madison Muller and Anna Edney report. "DOJ has informed us of its investigation and we're cooperating fully," Abbott spokesman Scott Stoffel said in an email. 3. With a promising near-term outlook followed by a coming transition to electric vehicles that should juice sales volumes, Ferrari shares (RACE) appear set to shift into higher gear in 2023, Nicholas Jasinski writes in this week's edition of Barron's. 4. Disney's (DIS) "Avatar: The Way of Water" won the long weekend with an estimated $40.6M for a domestic total of $572.4M. Globally, the movie has crossed the $1.9B mark, as the James Cameron's sequel becomes the 13th highest-grossing film of all time at the U.S. box office. 5. Wells Fargo (WFC), Disney, Calumet Specialty Products Partners (CLMT), Philip Morris (PM), Altria Group (MO), Energy Transfer (ET), ConocoPhillips (COP), Halliburton (HAL), CVR Energy (CVI), NOW (DNOW), and NexTier Oilfield Solutions (NEX) saw positive mentions in this week's edition of Barron's. ShowHide Related Items >><< - 01/13/23
- Wells Fargo sees low to mid-single digit loan growth in FY23
- 01/13/23
- Wells Fargo sees FY23 NII growth roughly 10% y/y
- 01/13/23
- Wells Fargo says credit performance remains strong across all businesses
- 01/13/23
- Wells Fargo says doesn't need to be one of biggest originators, servicers
- 12/15/22
- Ferrari subsidiary renews, expands partnership with EssilorLuxottica
- 11/29/22
- Scuderia Ferrari team principle Mattia Binotto to resign
- 01/08/23
- Fly Intel: Top five weekend stock stories
- 12/11/22
- Fly Intel: Top five weekend stock stories
- 11/28/22
- Philip Morris Holland Holdings becomes owner of 93.11% of Swedish Match shares
- 11/25/22
- Philip Morris announces new regional structure, management changes
- 10/26/22
- NexTier Oilfield falls -8.2%
- 10/25/22
- NexTier Oilfield announces $250M share repurchase plan
- 09/23/22
- NexTier Oilfield falls -11.2%
- 09/23/22
- NexTier Oilfield falls -9.7%
- 12/19/22
- Cronos Group receives notice of relinquishment of warrant by Altria Group
- 12/07/22
- Juul settles over 5,000 vaping suits in global resolution
- 10/27/22
- Altria Group announces partnership with JT Group
- 10/20/22
- Philip Morris to pay $2.7B to Altria Group to end IQOS commercial relationship
- 10/25/22
- Halliburton CEO says 'strong margin performance in both divisions' in Q3
- 09/19/22
- Halliburton signs MoU with SDAIA for AI predictions
- 09/08/22
- Halliburton completes sale of Russian operations
- 12/20/22
- Bill Gross names AGNC, Energy Transfer LP as equity picks
- 11/14/22
- Appaloosa exits positions in Kohl's, Occidental Petroleum, Micron
- 11/08/22
- Chairman of Energy Transfer Kelcy Warren buys almost $15M in shares
- 10/25/22
- Energy Transfer LP raises quarterly dividend by 15% to 26.5c per share
- 08/03/22
- NOW Inc. announces $80M share repurchase program
- 01/17/23
- Disney says Peltz 'lacks skills and experience' to help board deliver value
- 01/16/23
- Top five weekend stock stories
- 01/11/23
- Trian nominates Nelson Peltz to Disney board
- 01/11/23
- Disney board does not endorse Trian Group nominee
- 11/21/22
- CVR energy to explore potential spinoff of interest in nitrogen fertilizer unit
- 11/14/22
- Icahn takes stake in Crown Holdings, reduces stake in Cheniere Energy
- 09/27/22
- CVR Energy rises 9.0%
- 09/21/22
- Ichan touts CVR Energy, says 'can't build a refinery now' in U.S.
- 01/12/23
- Walmart enters partnership with Salesforce to provide solutions for retailers
- 01/11/23
- Salesforce Security CTO says leaving to join Evolution Equity Partners
- 01/04/23
- Salesforce up 4% to $139.85 after announcing restructuring
- 01/04/23
- Salesforce announces restructuring, 10% workforce reduction
- 11/29/22
- ConocoPhillips, QatarEnergy sign two deals to supply long-term LNG to Germany
- 11/22/22
- Sempra Energy subsidiary and ConocoPhillips execute SPA for 5Mtpa of LNG
- 11/15/22
- TotalEnergies completes acquisition of Hess 8.16% interest Waha concession
- 11/07/22
- Aris Water Solutions enters strategic agreement with Chevron, ConocoPhillips
CLMT Calumet Specialty Products - 12/29/22
- Calumet Specialty Products provides 2022 year end operational update
- 11/07/22
- Calumet Specialty Products completes transition of Steve Mawer to chairman
- 08/30/22
- Calumet Specialty Products CEO buys $125K in common stock
- 08/05/22
- Calumet Specialty jumps 9% to $14.39 after investment by Warburg Pincus
- 01/17/23
- Abbott's Navitor approved by FDA for aortic stenosis
- 12/27/22
- Abbott to upgrade 75 primary health centers across India
- 12/21/22
- Abbott's FreeStyle Libre 3 sensor is now compatible with mylife Loop solution
- 12/19/22
- Abbott announces FDA approval of Eterna SCS system
- 01/20/23 TD Cowen
- Salesforce downgraded to Market Perform at Cowen with disruption risk elevated
- 01/20/23 TD Cowen
- Salesforce downgraded to Market Perform from Outperform at Cowen
- 01/17/23 DA Davidson
- Salesforce initiated with a Neutral at DA Davidson
- 01/13/23 Atlantic Equities
- Salesforce downgraded to Neutral from Overweight at Atlantic Equities
- 01/04/23 Barclays
- Abbott price target raised to $122 from $114 at Barclays
- 12/12/22 Citi
- Abbott price target raised to $125 from $114 at Citi
- 12/01/22 Wolfe Research
- Wolfe Research cuts Edwards Lifesciences to Peer Perform on macro, TAVR maturity
- 11/16/22 Evercore ISI
- Evercore ISI removes seven Healthcare Services and Tech stocks from 'TAP' list
- 01/09/23 Citi
- Ferrari upgraded to Neutral from Sell at Citi
- 12/09/22 RBC Capital
- Ferrari price target raised to EUR 265 from EUR 261 at RBC Capital
- 11/29/22 Bernstein
- Tesla risk/reward 'more balanced' after 48% drop, says Bernstein
- 10/27/22 HSBC
- Ferrari upgraded to Buy from Hold at HSBC
- 01/17/23 Huber Research
- Disney initiated with an Overweight at Huber Research
- 01/17/23 Truist
- Truist names Disney Top Idea for 2023, price target lowered to $120 from $125
- 01/17/23 Wells Fargo
- ESPN/ABC potential spin would make sense, add value, says Wells Fargo
- 01/12/23 Loop Capital
- Trian push for Disney board seats highlights its value, says Loop Capital
- 01/17/23 Citi
- Wells Fargo price target raised to $52 from $48 at Citi
- 01/17/23 Piper Sandler
- Wells Fargo downgraded to Neutral from Overweight at Piper Sandler
- 01/17/23 Jefferies
- Wells Fargo downgraded to Hold from Buy at Jefferies
- 01/11/23 Morgan Stanley
- Wells exit from correspondent 'doesn't move EPS needle,' says Morgan Stanley
CLMT Calumet Specialty Products - 12/14/22 UBS
- UBS starts new renewable diesel producer Calumet Specialty at Neutral
- 12/13/22 UBS
- Calumet Specialty Products initiated with a Neutral at UBS
- 08/18/22 Goldman Sachs
- Calumet Specialty Products upgraded to Buy from Neutral at Goldman Sachs
- 06/28/22 TD Cowen
- Calumet Specialty Products price target raised to $20 from $18 at Cowen
- 01/19/23 Jefferies
- Philip Morris upgraded at Jefferies as tobacco sentiment may 'finally' improve
- 01/19/23 Jefferies
- Philip Morris upgraded to Buy from Hold at Jefferies
- 12/13/22 Citi
- Philip Morris resumed with a Neutral at Citi
- 11/15/22 Argus
- Philip Morris upgraded to Buy from Hold at Argus
- 11/10/22 UBS
- UBS downgrades Altria to Sell on consumer trade down risk
- 11/10/22 UBS
- Altria Group downgraded to Sell from Neutral at UBS
- 11/02/22 Morgan Stanley
- Philip Morris price target raised to $109 from $102 at Morgan Stanley
- 10/28/22 Stifel
- Altria JV news trumps 'rare' EPS miss, says Stifel
- 12/08/22 Citi
- Energy Transfer LP initiated with a Buy at Citi
- 10/19/22 Morgan Stanley
- Energy Transfer LP price target raised to $17 from $15 at Morgan Stanley
- 08/16/22 Barclays
- Energy Transfer LP price target raised to $14 from $13 at Barclays
- 07/20/22 Barclays
- Energy Transfer LP price target lowered to $13 from $14 at Barclays
- 01/19/23 Truist
- ConocoPhillips price target lowered to $148 from $155 at Truist
- 01/17/23 Scotiabank
- ConocoPhillips downgraded to Sector Perform from Outperform at Scotiabank
- 01/12/23 Wolfe Research
- ConocoPhillips downgraded to Peer Perform from Outperform at Wolfe Research
- 01/09/23 Mizuho
- ConocoPhillips assumed with a Buy at Mizuho
- 01/19/23 Benchmark
- Halliburton initiated with a Buy at Benchmark
- 01/12/23 Wolfe Research
- Halliburton upgraded to Outperform from Underperform at Wolfe Research
- 12/09/22 Raymond James
- Halliburton initiated with a Strong Buy at Raymond James
- 11/29/22 Citi
- Halliburton should take equity stake in Chart Industries, says Citi
- 09/15/22 Wolfe Research
- Wolfe downgrades CVR Energy, says bull thesis played out
- 09/14/22 Wolfe Research
- CVR Energy downgraded to Peer Perform from Outperform at Wolfe Research
- 05/17/22 JPMorgan
- CVR Energy price target raised to $32 from $26 at JPMorgan
- 02/01/22 Citi
- CVR Energy price target lowered to $21 from $23 at Citi
- 07/08/22 Benchmark
- Benchmark starts NOW Inc. at Buy, says transformation underappreciated
- 07/07/22 Benchmark
- NOW Inc. initiated with a Buy at Benchmark
- 12/09/22 Raymond James
- NexTier Oilfield initiated with a Strong Buy at Raymond James
- 10/07/22 Piper Sandler
- NexTier Oilfield assumed with an Overweight at Piper Sandler
- 09/26/22 Morgan Stanley
- NexTier Oilfield downgraded to Equal Weight from Overweight at Morgan Stanley
- 07/15/22 BofA
- NexTier Oilfield downgraded to Neutral from Buy at BofA
- 01/13/23
- Wells Fargo reports Q4 EPS 67c, consensus 66c
- 01/12/23
- Notable companies reporting before tomorrow's open
- 10/14/22
- Wells Fargo reports Q3 EPS 85c, consensus $1.09
- 11/02/22
- Ferrari raises 2022 adjusted diluted EPS view EUR 5.00 from EUR 4.80-EUR 4.90
- 11/02/22
- Ferrari reports preliminay Q3 EPS EUR 1.23 vs. EUR 1.11 last year
- 08/02/22
- Ferrari raises 2022 adjusted EPS view EUR 4.80- EUR 4.90 from EUR 4.55-EUR 4.75
- 08/02/22
- Ferrari reports preliminay Q2 EPS EUR 1.36 vs. EUR 1.11 last year
- 01/12/23
- Philip Morris expects 2022 results to be broadly in line with prior guidance
- 10/20/22
- Philip Morris affirms FY22 view for pro forma adjusted EPS ex-FX $6.09-$6.20
- 10/20/22
- Philip Morris reports Q3 EPS $1.53, consensus $1.36
- 10/19/22
- Notable companies reporting before tomorrow's open
- 10/25/22
- NexTier Oilfield sees Q4 revenue down 2%-4% sequentially, consensus $874.05M
- 10/25/22
- NexTier Oilfield reports Q3 adjusted EPS 52c, consensus 47c
- 07/26/22
- NexTier Oilfield reports Q2 adjusted EPS 39c, consensus 34c
- 10/27/22
- Altria Group narrows FY22 EPS view to $4.81-$4.89, consensus $4.85
- 10/27/22
- Altria Group reports Q3 adjusted EPS $1.28, consensus $1.30
- 07/28/22
- Altria Group backs FY22 adjusted EPS view of $4.79-$4.93, consensus $4.83
- 07/28/22
- Altria Group reports Q2 adjusted EPS $1.26, consensus $1.25
- 10/25/22
- Halliburton reports Q3 EPS 60c, consensus 56c
- 11/01/22
- Energy Transfer LP reports Q3 EPS 29c, consensus 37c
- 08/03/22
- Energy Transfer reports Q2 EPS 40c, consensus 36c
- 11/02/22
- NOW reports Q3 non-GAAP EPS 30c, consensus 25c
- 08/03/22
- NOW Inc. raises FY22 revenue growth view to as much as 30%, consensus $1.97B
- 08/03/22
- NOW Inc. reports Q2 adjusted EPS 26c, consensus 17c
- 11/08/22
- Disney CFO sees FY23 cash content spend in low-$30B range
- 11/08/22
- Disney reports Q4 EPS ex-items 30c, consensus 57c
- 11/08/22
- Notable companies reporting after market close
- 08/10/22
- Disney reports Q3 EPS ex-items $1.09, consensus $1.00
- 10/31/22
- CVR Energy reports Q3 adjusted EPS $1.90, consensus $1.90
- 08/01/22
- CVR Energy reports Q2 EPS $2.45, consensus $2.30
- 11/30/22
- Salesforce raises FY23 EPS view to $4.92-$4.94, consensus $4.73
- 11/30/22
- Salesforce sees Q4 EPS $1.35-$1.37, consensus $1.34
- 11/30/22
- Salesforce reports Q3 EPS $1.40, consensus $1.21
- 11/30/22
- Notable companies reporting after market close
- 11/03/22
- ConocoPhillips reports Q3 EPS $3.60, consensus $3.44
- 11/02/22
- Notable companies reporting before tomorrow's open
- 08/04/22
- ConocoPhillips reports Q2 EPS $3.91, consensus
CLMT Calumet Specialty Products - 11/09/22
- Calumet Specialty Products reports Q3 EPS 19c, consensus 33c
- 08/05/22
- Calumet Specialty Products reports Q2 EPS (19c), consensus 27c
- 10/19/22
- Abbott sees Q4 EPS 86c-92c, consensus 95c
- 10/19/22
- Abbott sees Q4 revenue growth mid single digits, consensus $9.65B
- 10/19/22
- Abbott says FY22 guidance assumes COVID-19 testing-related sales of $7.8B
- 10/19/22
- Abbott raises FY22 adjusted EPS view to 5.17-$5.23 from at least $4.90
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