Stock Market News for November 09, 2015
Zacks Equity Research - Zacks Investment Research - Mon Nov 09, 9:10AM CST
Benchmarks finished mixed on Friday as stronger-than-expected jobs report raised the possibility of a rate hike in December
Utilities Tumble As Markets Anticipate Rate Increase
at Investor's Business Daily - Fri Nov 06, 4:39PM CST
Investors threw utility stocks out the window Friday. The Labor Department's eye-popping employment report seemed to seal the deal that the Federal Reserve will raise interest rates soon. The CME FedWatch tool registered a 70% chance the Fed will...
AEP: 55.06 (-0.26), GXP: 26.43 (-0.06), ED: 61.91 (-0.63), XLU: 42.54 (-0.16), SO: 43.95 (+0.06)
Consolidated Edison Falls 5.20% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Fri Nov 06, 3:57PM CST
Consolidated Edison (NYSE:ED) traded in a range yesterday that spanned from a low of $61.53 to a high of $64.19. Yesterday, the shares fell 5.2%, which took the trading range below the 3-day low of $64.86 on volume of 8.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
ED: 61.91 (-0.63)
Watch for Consolidated Edison to Potentially Rebound After Falling 5.20% Yesterday
Comtex SmarTrend(R) - Fri Nov 06, 3:56PM CST
Consolidated Edison (NYSE:ED) traded in a range yesterday that spanned from a low of $61.53 to a high of $64.19. Yesterday, the shares fell 5.2%, which took the trading range below the 3-day low of $64.86 on volume of 8.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
ED: 61.91 (-0.63)
Con Edison Chairman and CEO John McAvoy to Present at Edison Electric Institute Finance Conference
Marketwired - Fri Nov 06, 2:34PM CST
Con Edison (NYSE: ED) Chairman, President and Chief Executive Officer John McAvoy will present at the Edison Electric Institute (EEI) Finance Conference, Tuesday, November 10, between 8:15 and 9 a.m. (E.S.T). Live audio webcast and slides as well as a replay of the presentation will be available on the Con Edison Investor Relations website at http://phx.corporate-ir.net/phoenix.zhtml?c=6...p;p=irol-p resentationsas well as at the link below: http://www.wsw.com/webcast/eei2/ed/.
ED: 61.91 (-0.63)
Con Edison (ED) Stock Tumbles After Earnings Missed Estimates
at The Street - Fri Nov 06, 11:24AM CST
Con Edison (ED) stock is decreasing after the company reported 2015 third quarter earnings results that were short of analysts' expectations after the market close yesterday.
ED: 61.91 (-0.63)
Consolidated Edison Misses on Q3 Earnings, Reaffirms View
Zacks Equity Research - Zacks Investment Research - Fri Nov 06, 8:50AM CST
Consolidated Edison Inc. (ED) posted third-quarter 2015 adjusted earnings of $1.44 per share, lagging both the Zacks Consensus Estimate and the year-ago figure of $1.48 by 2.7%.
ETR: 65.15 (-0.65), PEG: 39.06 (+0.08), ED: 61.91 (-0.63), SRE: 98.86 (-0.64)
Con Ed misses 3Q profit forecasts
Automated Insights - Thu Nov 05, 6:48PM CST
NEW YORK (AP) _ Consolidated Edison Inc. (ED) on Thursday reported third-quarter net income of $428 million.
ED: 61.91 (-0.63)
Con Edison Reports 2015 Third Quarter Earnings
Marketwired - Thu Nov 05, 5:02PM CST
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2015 third quarter net income for common stock of $428 million or $1.46 a share compared with $436 million or $1.49 a share in 2014. Adjusted earnings, which exclude the effects of the impairment of certain assets held for sale and the net mark-to-market effects of the competitive energy businesses (CEBs), were $424 million or $1.45 a share in 2015 compared with $436 million or $1.49 a share in 2014.
ED: 61.91 (-0.63)
How Will Con Edison (ED) Stock React to Today's Earnings Release?
at The Street - Thu Nov 05, 11:27AM CST
Con Edison (ED) will report its 2015 third quarter financial results after the market close today.
ED: 61.91 (-0.63)
Consolidated Edison's (ED) Q3 Earnings: What to Expect?
Zacks Equity Research - Zacks Investment Research - Wed Nov 04, 2:05PM CST
New York-based Consolidated Edison, Inc. (ED) is set to release third-quarter 2015 results after the closing bell on Nov 5, 2015. Let's see how things are shaping up prior to this announcement.
DUK: 66.89 (-0.40), ED: 61.91 (-0.63), AEE: 43.13 (-0.37), LNT: 58.49 (+0.06)
4 Dividend 'Aristocrats' Outperforming The Market
at Investor's Business Daily - Fri Oct 30, 3:40PM CDT
The ProShares Dividend Aristocrats ETF (NOBL) holds S&P 500 firms with the longest track records of year-over-year dividend growth. Coca-Cola (KO), McDonald's (MCD) and AT&T (T), members of Friday's Dividend Leaders screen, are top-25 holdings. So is...
KO: 41.38 (-0.20), T: 32.31 (-0.38), CTAS: 89.51 (-0.67), MKC: 81.77 (-0.58), NOBL: 48.47 (-0.41), ED: 61.91 (-0.63), MCD: 109.97 (-2.14), LOW: 70.09 (-2.62), ECL: 116.43 (+1.28)
Fitch Affirms Ratings of ConEd & Subsidiaries at 'BBB+'; Outlook Stable
Business Wire - Mon Oct 26, 12:55PM CDT
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and debt ratings of Consolidated Edison Inc. (NYSE: ED) and its subsidiaries Consolidated Edison Company of New York, Inc. (CECONY), Orange & Rockland Utilities, Inc. (ORU), and Rockland Electric Company (RECO). Fitch has also affirmed the ratings of the New York State Energy Research and Development Authority's (NYSERDA) issued debt of which CECONY and ORU are the obligors. The Rating Outlook for all entities is Stable. A complete list of rating actions follows at the end of this release.
ED: 61.91 (-0.63)
Will DTE Energy (DTE) Surprise Earnings Estimates in Q3?
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 3:55PM CDT
DTE Energy Company (DTE) will release third-quarter 2015 financial results before the market opens on Oct 23, 2015.
CMS: 34.62 (-0.20), ED: 61.91 (-0.63), DTE: 79.53 (-0.50), AEE: 43.13 (-0.37)
Con Edison Declares Common Stock Dividend
Marketwired - Thu Oct 22, 2:05PM CDT
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 65 cents a share on its common stock, payable December 15, 2015, to stockholders of record as of November 18, 2015.
ED: 61.91 (-0.63)
American Electric Power Beats on Q3 Earnings, Lifts View
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 10:40AM CDT
American Electric Power Co., Inc. (AEP) reported third-quarter 2015 operating earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.00 by 6%.
AEP: 55.06 (-0.26), ED: 61.91 (-0.63), DTE: 79.53 (-0.50), AEE: 43.13 (-0.37)
3 Utilities Rally Off Lows; Are More Gains In Store?
at Investor's Business Daily - Tue Oct 20, 3:53PM CDT
Utility stocks have come back into favor in recent weeks, but not all utilities are created equal. IBD splits the utility sector into four sub-groups: Diversified, electric power, gas distribution and water supply. The electric power group is the...
ED: 61.91 (-0.63), DTE: 79.53 (-0.50), AEE: 43.13 (-0.37)
Will American Electric Power (AEP) Beat on Earnings this Season?
Zacks Equity Research - Zacks Investment Research - Mon Oct 19, 3:30PM CDT
American Electric Power (AEP) is scheduled to release third-quarter earnings before the market opens on Oct 22, 2015.
AEP: 55.06 (-0.26), AES: 9.80 (+0.07), DUK: 66.89 (-0.40), ED: 61.91 (-0.63)
Analysts' Actions -- Oracle, Ecolab, Consolidated Edison
at The Street - Mon Oct 19, 7:49AM CDT
Here are Monday's top research calls, including changes at Oracle, Ecolab and Consolidated Edison.
ITRI: 33.67 (+0.36), CRS: 33.73 (+0.96), UBNT: 33.45 (-0.28), KSU: 87.45 (-0.27), ED: 61.91 (-0.63), EW: 153.27 (+0.32), STI: 41.97 (-0.61), WDR: 35.24 (-0.35), ORCL: 37.30 (-1.33), DK: 25.55 (+0.08), TXRH: 33.91 (-0.22), ECL: 116.43 (+1.28)
Downgrade Alert for Consolidated Edison (ED)
Comtex SmarTrend(R) - Mon Oct 19, 7:16AM CDT
Consolidated Edison (NYSE:ED) was downgraded from Neutral to Sell at Goldman Sachs today. The stock closed yesterday at $67.02 on volume of 1.8 million shares, below average daily volume of 2.0 million. In the past 52 weeks, shares of Consolidated Edison have traded between a low of $56.86 and a high of $72.25 and closed yesterday at $67.02, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
ED: 61.91 (-0.63)