GCP Applied Technologies Inc
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20.76 - 32.28
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UK Market Finished in the green yesterday, helped by gains in defensive and energy sector stocks. Clarkson climbed 4.8%, after the company raised its annual profit guidance and after a top broker raised its target price on the stock to 4,470.0p from 3,850.0p. Victrex advanced 4.1%, after the company posted a rise in its annual profit and raised its dividend. BT Group added 2.0%, following reports that US media group, Discovery, was in discussions with the company about a joint venture for its sports businesses. On the flipside, Synthomer declined 14.4%, following a rating downgrade on the stock to ‘Underweight’ from ‘Overweight’. Persimmon fell 1.3%, after a top broker downgraded its rating on the stock to ‘Underweight’ from ‘Overweight’ and reduced its price target to 2,500p from 3,000p. The FTSE 100 advanced 1.5%, to close at 7,232.3, while the FTSE 250 rose 1%, to end at 22,881.3. Europe Market Also were higher yesterday, as concerns about the new Covid-19 variant Omicron subsided. Safran climbed 5.2%, after the company announced that it has entered into talks to acquire Orolia from Eurazeo. Airbus advanced 4.4%, after the plane maker announced that the Helicopter Company has signed a second purchase agreement with Airbus Helicopters. Fresenius added 3.1%. News emerged that the company was sued by two Pharmasphere units that want the US Food and Drug Administration to withdraw approval of the company’s calcium gluconate in sodium chloride injection solution in Freeflex bags because it allegedly infringes two patents. Veolia Environnement rose 2.0%, after the company announced that it has signed a seven-year contract worth €82.6 million to manage water and wastewater services for Saudi Arabia's Riyadh region. The FTSEurofirst 300 index gained 1.4%, to settle at 1,818.3. Among other European markets, the German DAX Xetra rose 1.4%, to settle at 15,380.8, while the French CAC-40 added 1.5%, to close at 6,865.8. US Market Closed higher yesterday, as fears related to the Omicron variant eased. GCP Applied Technologies climbed 17.1%, after the company agreed to be acquired by Saint-Gobain for a consideration of around $32 billion. Boston Beer advanced 6.9%, following a rating upgrade on the stock to ‘Market Perform’ from ‘Underperform’. Wells Fargo added 2.2%, after a top broker upgraded its rating on the stock to ‘Overweight’ from ‘Equal Weight’. Electronic Arts rose 0.8%, following a rating upgrade on the stock to ‘Buy’ from ‘Neutral’. On the other hand, Lucid Group dropped 5.1%, following news that the company received a subpoena from the US Securities and Exchange Commission “requesting the production of certain documents related to an investigation.” The S&P 500 gained 1.2%, to settle at 4,591.7. The DJIA rose 1.9%, to finish at 35,227.0, while the NASDAQ added 0.9%, to close at 15,225.2. Asia Market Markets in Asia are trading higher this morning, as investors shrugged off fears about COVID’s omicron variant. In Japan, Mazda Motor and Sumitomo Dainippon Pharma have advanced 4.2% and 4.3%, respectively. Meanwhile, Shinsei Bank and Kyowa Kirin have fallen 0.4% and 0.5%, respectively. In Hong Kong, Galaxy Entertainment Group and Hong Kong Exchanges & Clearing have added 2.7% and 2.9%, respectively. Meanwhile, Xinyi Solar Holdings and CLP Holdings have dropped 0.4% and 0.5%, respectively. In South Korea, Hwaseung Enterprise and KEC Holdings have climbed 13.0% and 13.5%, respectively. Meanwhile, kakaopay and Sewon Precision Industry have declined 3.5% and 4.2%, respectively. The Nikkei 225 index is trading 1.9% higher at 28,470.6. The Hang Seng index is trading 1.5% up at 23,690.0, while the Kospi index is trading 0.4% higher at 2,986.6.
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Thursday, August 5, 2021 Futures Up/Down % Last Dow 55.00 0.16% 34,745 S&P 500 9.25 0.22% 4,404 Nasdaq 33.50 0.22% 15,107 U.S. futures are looking up modestly, rising roughly about 0.2% across the board into one of the heaviest days of corporate earnings of the season, as major averages continue to hold not far off record highs. The S&P 500 index has held the pivotal 4,400 level for over a week now, as overall major averages have moved sideways for two or three weeks now, bolstered by rising on better economic data, earnings results, and an accommodative Fed, which has offset rising Delta variant concerns and fears of further global restrictions to contain the rise in cases and tighter government restrictions in China. Oil prices edge higher after sliding sharply the last 3-days on demand concerns. Bitcoin prices are down about 4% holding just above the $38,000 level while Ethereum slips nearly 4% to 2,600 in the crypto sector. Ahead of tomorrow’s nonfarm payrolls report, investors will get two more labor market data points with the Challenger jobs report at 7:30 and the weekly jobless claims. Euro Stoxx 50 rises 0.5% around best levels for the week. Wednesday’s after-hours big-name earnings were disappointing for the most part, which could weigh on sentiment. Major averages ended the session mixed on Wednesday, following conflicting signals on the economy that showed a hot services sector, but a labor market that continues to struggle to find workers. The Institute for Supply Management survey on Wednesday jumped to a record high of 64.1 in July, but the ADP Employment Report showed private payrolls only rose by 330,000 last month, well shy of the 695,000 estimate ahead of tomorrow’s payrolls. The Dow Jones saw the biggest fall, dragged lower by a decline of more than 6% in Amgen in the wake of its quarterly results, accounting for about 103 points to the downside while energy was the weakest sector on the day, suffering its biggest daily percentage drop since July 19. In Asian markets, The Nikkei Index gained 144 points to 27,728, the Shanghai Index dipped -10 points to 3,466 and the Hang Seng Index declined -221 points (0.84%) to settle at 26,204. In Europe, markets are little changed as the German DAX is up a few points at the 15,700 level, while the FTSE 100 is down a couple of points at 7.120. Market Closing Prices Yesterday The S&P 500 Index slipped -20.49 points, or 0.46%, to 4,402.66 The Dow Jones Industrial Average fell -323.73 points, or 0.92%, to 34,792.67 The Nasdaq Composite edged higher 19.24 points, or 0.13%, to 14,780.53 The Russell 2000 Index declined -27.26 points, or 1.23% to 2,196.32 Events Calendar for Today 7:30 AM ET Challenger Job Layoffs for July 8:30 AM ET Weekly Jobless Claims 8:30 AM EST Continuing Claims 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: ABMD, ADNT, AES, AHCO, AKBA, AMRS, ARWR, AVEO, BBGI, BCRX, BDX, BERY, BKI, BLDR, BLL, BV, CAH, CARS, CCOI, CHH, CI, CNP, COMM, CRAI, DDOG, DIN, DLX, DUK, ECOM, EPAM, EPC, EVRG, FOUR, GCP, GNL, GOGO, GOLF, GTN, HBI, HBIO, HII, HL, IDCC, INSM, IRM, IRWD, ITI, K, KPTI, LAMR, LAUR, LNG, LXP, MMS, MPLN, MRNA, MUR, MYE, NINE, NS, NTLA, PCTY, PBH, PBPB, PEI, PENN, PH, PNW, PPL, PRTY, PWR, PZZA, RC, RDUS, REGN, ROLL, SEAS, SSYS, TEN, THS, TRGP, UFS, USPH, VG, VIAC, VST, W, WD, WOW, WRK, XEC, XERS, XTNT, XXII, YETI, ZIXI, ZTS Earnings After the Close: AAOI, AEE, AEL, AIG, AINV, ALRM, ALTR, AMBC, APLE, APPN, ARNA, ASTG, AVLR, AXON, BAND, BECN, BGS, BHF, BIGC, BKD, BL, BRBR, BRKS, BYND, CARG, CDXS, CGNX, CHRS, CHUY, CLNE, CNXN, COLD, CSOD, CVNA, CWK, DBX, DHX, DIOD, EB, ECOR, EGLE, ENTA, ENV, ERII, EXEL, EXPE, FEYE, FLDM, FLS, FND, FOXF, FSR, FTSI, G, GDYN, GEOS, GH, GKOS, GPRO, GRPN, GSBD, HASI, HCAT, HCI, HEAR, HTA, IFF, ILMN, IHRT, IOVA, IRTC, ITT, JCOM, KALA, KAMN, LGF.A, LNT, LOCO, LTHM, MAIN, MDRX, MNST, MP, MSI, MTW, MTZ, NET, NKTR, NVAX, NWSA, NYMT, OLED, OUT, PBYI, PK, PODD, POST, PRA, QDEL, RAMP, RDFN, REZI, RMD, RUN, SFM, SGMO, SHAK, SPCE, SQ, SYNA, TDC, TGH, TMDX, TMST, TRUE, TRUP, TTOO, VLDR, VMEO, VOYA, VV, WSC, Y, YELP, ZEUS, ZG, ZNGA Macro Up/Down Last Nymex 0.37 68.52 Brent 0.26 70.64 Gold 0.40 1,811.75 EUR/USD 0.0005 1.1842 JPY/USD 0.03 109.51 10-Year Note -0.004 1.19% Sector News Breakdown Consumer Boot Barn ($BOOT) Q1 EPS $1.35 vs est. $0.88 in revs $306.3M vs est. $288.9M; same-store sales +78.9% vs 1Q20, +52.3% vs 1Q19; opened 3 new stores in the quarter Costco ($COST) reported total comparable sales for July of +13.8%; July U.S. comparable sales excluding fuel, currencies +8.5% L.F. Beauty ($ELF) 1Q EPS $0.15 vs est. $0.15 on sales $97Mm vs est. $79.3Mm; guides FY adj EPS $0.65-0.68 vs est. $0.67, sees FY sales $356-364Mm vs est. $350.5Mm Etsy Inc. ($ETSY) shares tumble -13% on guidance; 2Q EPS $0.68 vs est. $0.63 on revs $528.9Mm vs est. $524.7Mm, qtrly consolidated GMS $3.0B +13%; guides 3Q revs $500-525Mm vs est. $524.7Mm, sees 3Q GMS $2.9-3.0B Frontdoor Inc. ($FTDR) Q2 EPS $0.76 vs est. $0.63 on revs $462M vs est. $466M, sees Q3 revenue $470M-$480M, lowered FY revenue outlook to $1.6B-$1.62B (est. $1.64B) from $1.63B-$1.65B Jack in the Box ($JACK) Q3 EPS $1.79 vs est. $1.49 on revs $269.5M vs est. $258.5M, same-store sales +10.2%, systemwide sales +10.6%, company-operated same-store sales +9.0%, sees FY21 capex $40M-$45M, FY22 capex $65M-$75M Leslie’s ($LESL) Q3 adj EPS $0.64 vs. est. $0.55; Q3 revs $596.54M vs. est. $570.37M; Q3 comparable sales growth of 23.9%; raises FY21 adjusted EPS view 80c-85c from 75c-80c (est. 77c) and boosts FY21 revs to $1.31B-$1.33B from $1.28B-$1.3B (est. $1.3B); Adjusted EBITDA of $179.3 million compared to $119.8 million in the prior year quarter, an increase of 49.7% MGM Resorts ($MGM) 2Q adj EPS ($0.13) vs est. ($0.30) on net revs $2.3B vs est. $2.28B, MGM China net revs $311Mm, LV Strip net revs $1.0B, regional net revs $856Mm Rent-A-Center ($RCII) 2Q adj EPS $1.63 vs est. $1.35 on revs $1.2B vs est. $1.14B, qtrly comps +16.6% led by e-comm; guides FY revs $4.55-4.67B vs est. $4.56B, sees Rent-A-Center segment revs $2.02-2.06B, sees FY adj EPS $5.90-6.40 vs est. $5.66; announces $250Mm repurchase auth Uber ($UBER) Q2 EPS $0.58 on revs $3.93B vs. est. $3.74B; Q2 gross bookings grew 114% yoy to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion and Delivery Gross Bookings of $12.9 billion; Q2 Adj EBITDA Loss $509M vs. est. loss $324.5M; sees Q3 Adj EBITDA loss below $100M vs. est. loss $95.4M Wynn Resorts (WYNN) 2Q adj EPS ($1.12) vs est. ($1.61) on revs $990.1Mm vs est. $932.5Mm, Wynn Macau revs $184Mm, LV ops revs $355.1Mm ADT Inc. ($ADT) adj EPS ($0.07) vs est. $0.25 on revs $1.304B vs est. $1.28B; Gross recurring monthly revenue (RMR) additions grew 28%; end of period RMR of $352 million increased by 4%; solid customer retention with attrition at 13.3% Driven Brands ($DRVN) 12M share Secondary priced at $29.50 European Wax Center ($EWCZ)6M share IPO priced at $17.00 Weber ($WEBR) 18M (which was cut down from 46.8M) share IPO priced at $14.00 Energy APA Inc. ($APA) Q2 adj EPS $0.70 vs. est. $0.57’ Q2 revs $1.75B vs. est. $1.46B; qtrly adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 342,000 boe per day; at current strip prices, we expect to generate approximately $1.7B of free cash flow this year Earthstone Energy ($ESTE) files for offering of up to 6.2 mln shares of class a common stock by selling stockholders Marathon Oil ($MRO) Q2 EPS $0.22 vs. est. $0.15; Q2 revs $1.14B vs. est. $1.09B; Q2 oil-equivalent production of 348,000 net boed; raising 2021 full year oil-equivalent production guidance by 5,000 net boed; Q2 oil production of 170,000 net bopd; raised quarterly base dividend by 25% to 5c; raising the midpoint of its 2021 full year U.S. oil-equivalent production guidance by 5,000 net boed Warrior Met Coal ($HCC) 2Q adj EPS $0.25 vs est. ($0.18) on revs $227.4Mm vs est. $128.3Mm; not providing FY guide at this time Whiting Petroleum ($WLL) Q2 adj EPS $3.01 vs. est. $1.97; Q2 revs $352M vs. est. $244.27M; said generated net cash provided by operating activities of $183M and $111M in adjusted free cash flow during the quarter and over $200 million through six months; raises FY21 production view to 88-92 MBOE per day from 82-88 Financials Allstate Corp. ($ALL) Q2 adj EPS $3.79 vs. est. $3.04; Q2 revs $12.65B vs. est. $10.51B; announces new $5B repurchase program; 2Q Book Value Per Shr $86.33; Q2 Catastrophe Loss $952M; Q2 Property-Liability Premiums Earned $10.01B; 2Q Property-Liability Premiums Written $10.32B;2Q Property-Liability Combined Ratio 95.7 Fleetcor ($FLT) Q2 EPS $2.30 vs est. $2.94, adj EPS $3.15, on revs $667.4M vs est. $637.3M; its board increased its share repurchase authorization by$1B; sees Q3 adj EPS $3.35-$3.55 vs est. $3.36, and raised outlook for FY adj EPS to $12.80-$13 (est. $12.61) from $12.32-$12.88 and FY revs to $2.74B-$2.79B (est. $2.68B) from $2.6B-$2.7B Lemonade ($LMND) Q2 EPS loss (-$0.90) vs. est. loss (-$0.89); Q2 revs $28.2M vs. est. $26.8M; customer count increased by 48% to 1,206,172 yoy; premium per customer, defined as in force premium divided by customers, was $246 at the end of the second quarter, up 29% yoy; raises FY21 revenue view to $123M-$125M from $117M-$120M (est. $118.94M); narrows FY21 adjusted EBITDA view to ($173M)-($169M) from ($173M)-($163M) Lincoln National ($LNC) Q2 adj operating EPS $3.17 vs. est. $2.35; Q2 revs $4.85B vs. est. $4.72B; Reports book value per share, including AOCI, of $115.00, up 7%; BVPS, excluding AOCI, of $75.45, up 9% MetLife ($MET) announces new $3B share repurchase authorization; Q2 adj EPS $2.37 vs. est. $1.57; Q2 revs $18.52M vs. est. $15.77B; qtrly premiums, fees & other revenues $11.22 bln vs $10.49 bln; qtrly net investment income $5.28 bln vs $4.09 bln; book value of $75.86 per share at qtr-end, down 4% from $78.65 per share at June 30, 2020 RE/MAX Holdings ($RMAX) 2Q adj EPS $0.63 vs est. $1.31 on revs $77.2Mm vs est. $76.4Mm; guides 3Q revs $86.5-91.5Mm vs est. $79.1Mm; sees FY revs $321-336Mm vs est. $308.7Mm Western Union (WU) Q2 adj EPS $0.48 vs. est. $0.47; Q2 revs $1.3B vs. est. $1.26B; reaffirms FY21 adj EPS view $2.00-$2.10 vs. est. $2.06; reaffirms FY21 revenue growth view mid-to-high single digits; Consumer-to-Consumer (C2C) transactions increased 15% in the quarter, while revenues increased 15% on a reported basis, or 12% constant currency. Robinhood ($HOOD) filed with the SEC a prospectus related to the offer and sale from time to time of up to 97,876,033 shares of Class A common stock of Robinhood Markets, Inc. by certain selling stockholders
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UK Markets Finished in the green yesterday, supported by gains in mining sector stocks and amid optimism over economic reopening. GCP Student Living jumped 14.3%, after announcing that it received a series of non-binding proposals from a consortium of Scape Living and iQSA Holdco and was currently in discussions with them. Wm. Morrison Supermarkets climbed 11.6%, after New York based, Apollo Global Management stated that it was considering a bid for the supermarket chain. Pendragon advanced 2.7%, after a top broker raised its target price on the stock to 26.0p from 25.0p. Flutter Entertainment added 1.5%, following a rating upgrade on the stock to ‘Buy’ from ‘Hold’. On the flipside, Spire Healthcare Group declined 2.8%, even after Australia’s Ramsay Health Care revised up its buyout offer to about £1.04 billion. Informa fell 1.1%, after a top broker cut its target price on the stock to 640.0p from 670.0p. The FTSE 100 advanced 0.6%, to close at 7,164.9, while the FTSE 250 rose 1.2%, to end at 23,022.4. . European Markets Also finished higher yesterday, following upbeat business activity data in the Euro-zone. Credit Suisse Group added 1.3%, after the company announced the appointment of Goldman Sachs veteran, Joanna Hannaford, as its Chief Technology and Operations Officer, with effect from 1 January 2022. Skanska rose 0.8%, after the development and construction company announced that it has signed a contract with the New York City Economic Development Corp. to construct a new municipal health lab in Harlem USA. Meanwhile, Prosus declined 6.1%, after the tech investment company announced that China widened its probe on newly-listed ride hailer, Didi. Electricite de France fell 1.7%, after France’s Finance Minister, Bruno Le Maire, stated that it would be difficult for the country to accept the European Commission’s requests on a reorganisation of the power generator. The FTSEurofirst 300 index gained 0.3%, to settle at 1,768.2. The German DAX Xetra rose 0.1%, to settle at 15,662.0, while the French CAC-40 added 0.2%, to close at 6,567.5. . US Market US were closed yesterday . Asian Markets Were trading mostly higher this morning. In Japan, JFE Holdings and Inpex have advanced 2.5% and 3.4%, respectively. Meanwhile, Ricoh and Mitsubishi Motors have dropped 1.8% and 3.1%, respectively. In Hong Kong, Xinyi Solar Holdings and Sino Biopharmaceutical have fallen 1.4% and 3.0%, respectively. Meanwhile, Anta Sports Products and Haidilao International Holding have risen 1.0% and 5.5%, respectively. In South Korea, SNT Energy and Inbiogen have climbed 7.4% and 25.5%, respectively. Meanwhile, Sewon Precision Industry and Doosan Infracore have declined 4.1% and 8.8%, respectively. The Nikkei 225 index is trading 0.4% higher at 28,725.8. The Hang Seng index is trading 0.7% down at 27,938.9, while the Kospi index is trading 0.4% higher at 3,305.3. . Commodity Brent crude oil one month futures contract is trading 0.38% or $0.29 higher at $77.45 per barrel. Yesterday, the contract climbed 1.3% or $0.99, to settle at $77.16 per barrel, after OPEC and its oil producing allies failed to reach an agreement to boost oil production. Gold futures contract is trading 0.85% or $15.20 higher at $1798.50 per ounce. Yesterday, the contract marginally climbed to settle at $1783.30 per ounce, as concerns over an earlier than expected rate hike by the US Federal Reserve faded. . Currency EUR is trading 0.08% higher against the USD at $1.1874, ahead of Euro-zone’s economic sentiment data for July and retail sales data for May, along with Germany’s economic sentiment data for July and retail sales data for May, due later today. Additionally, investors await the US services PMI for June, slated to release later today. Yesterday, the EUR weakened marginally versus the USD, to close at $1.1864. On the data front, Euro-zone’s services PMI rose to its highest level since July 2007 in June, while the region’s investor confidence index climbed for a fifth consecutive month in July, recording its highest level since February 2018. Separately, Germany’s services PMI advanced less than market expectations in June. GBP is trading 0.3% higher against the USD at $1.3886, ahead of UK’s construction PMI for June, scheduled to release today. Yesterday, the GBP strengthened 0.14% versus the USD, to close at $1.3844. On the data front, UK’s service PMI fell less than expected in June. . Bitcoin BTC is trading 0.32% higher against the USD at $33964.40. Yesterday, BTC advanced 2.15% against the USD to close at $33855.36. In major news, leading decentralised finance money market, Aave, announced its plans to introduce a permissioned version of its platform for institutional investors in partnership with crypto custodian and service provider, Fireblocks, this month. Separately, the crypto-friendly state of Wyoming announced that it has approved the first legally recognised decentralised autonomous organisation in the US. . Key Economic News . UK services PMI dropped less than expected in June In the UK, the services PMI fell to 62.40 in June, compared to a level of 62.90 in the previous month. Markets were expecting the services PMI to drop to a level of 61.70. . Euro-zone investor confidence rose in July In the Euro-zone, the investor confidence index climbed to 29.80 in July, compared to a reading of 28.10 in the prior month. Markets were expecting the index to rise to 30.00. . Euro-zone services PMI rose more than anticipated in June In the Euro-zone, the services PMI climbed to 58.30 in June, compared to a reading of 55.20 in the prior month. Markets were expecting the services PMI to rise to a level of 58.00. . German services PMI advanced less than market forecast in June In Germany, the services PMI rose to 57.50 in June, compared to a reading of 52.80 in the previous month. Markets were expectingthe services PMI to advance to 58.10. . Japan’s overall household spending climbed in May In Japan, overall household spending jumped 11.60% on a YoY basis in May, compared to a rise of 13.00% in the prior month. Markets were expecting overall household spending to record a rise of 10.90%
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UK Market UK finished in the red on Friday, amid ongoing worries over rising in bond yields and inflation. London Stock Exchange plunged 14.4%, despite reporting better than expected annual profit and sales. GCP Student Living dropped 2.9%, after the company reported a decline in its asset values and sharply reduced its dividend, following a drop in occupancy at its sites. Meanwhile, Spirent Communications climbed 6.6%, after the company announced that it acquired US peer, octoScope for a cash consideration of $55.0 million. ConvaTec Group advanced 3.0%, after the company reported a rise in its annual revenue. B&M European Value Retail added 0.8%, after a top broker raised its target price on the stock to 650.0p from 600.0p. Aggreko rose 0.7%, after the company agreed to be acquired by private equity firms, TDR Capital and I Squared Capital Advisors in a deal valuing the company at £2.3 billion. The FTSE 100 declined 0.3%, to close at 6,630.5, while the FTSE 250 fell 1.6%, to end at 20,961.3 .
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GCP or what you mean > @Pyrognosis said: TIL CheddarFlow is a google joint
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Next Dividend Date
GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the VERIFI® in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the world's most renowned structures.
CEO: Randall Dearth
HQ: 62 Whittemore Ave Cambridge, 02140-1623 Massachusetts