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Tuesday 4 August 2015
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Pre-Market News Analysis on: Dicks Sporting Goods (NYSE:DKS), Edwards Lifesciences (NYSE:EW), DTE Energy (NYSE:DTE), Kimberly Clark (NYSE:KMB)

On Wednesday, Dicks Sporting Goods Inc(NYSE:DKS)’s shares inclined 1.53% to $50.47.

DICK’S Sporting Goods (DKS), together with The DICK’S Sporting Goods Foundation, declared recently a partnership with DonorsChoose.org, a leader in crowdfunding for U.S. public schools. For the first time ever, DonorsChoose.org will feature a dedicated “Team Sports” section supporting public school athletic programs. The DICK’S Sporting Goods Foundation, through its Sports Matter program, will match dollar-for-dollar, up to $1.5 million, once each team is funded 50 percent. This is part of a $25 million multi-year commitment by DICK’S and the DICK’S Sporting Goods Foundation to fund youth sports programs that are facing budget shortfalls. Teachers and coaches are encouraged to visit SportsMatter.org to apply for funding.

Dick’s Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, counting sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories.

Edwards Lifesciences Corp(NYSE:EW)’s shares dropped -1.31% to $153.76.

Edwards Lifesciences Corporation (EW), the global leader in the science of heart valves and hemodynamic monitoring, recently stated net income for the quarter ended June 30, 2015 of $112.7 million, or $1.02 per diluted share. Adjusted net income on a non-GAAP basis was $124.4 million, or $1.13 per diluted share, contrast to $0.88 per diluted share in the preceding year period. In the year ago period, GAAP net income was $5.09 per diluted share, which comprised of a $750 million payment to Edwards from a litigation settlement.

Net sales for the quarter ended June 30, 2015 were $616.8 million. U.S. and international segment sales for the second quarter were $302.7 million and $314.1 million, respectively. The strengthening of the U.S. dollar continued to have a noteworthy negative impact on stated sales. On an underlying1 basis, sales grew 17.7 percent.

Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. The company offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves.

At the end of Wednesday’s trade, DTE Energy Co(NYSE:DTE)‘s shares surged 0.88% to $79.31.

DTE Energy Co (DTE) declared it ranks among the top electric companies for residential customer satisfaction by J.D. Power among all Midwest utilities in 2015. The company placed second in the Midwest Large segment, improving from its third-place ranking in 2014.

The J.D. Power electric utility survey, in its 17th year, measures satisfaction by surveying customers in six key factors – price, corporate citizenship, communications, customer service, power quality/reliability, and billing and payment.

Earlier in the year, DTE ranked highest in customer satisfaction by J.D. Power in its survey of business customers of natural gas utilities. In 2014, DTE ranked highest in customer satisfaction in J.D. Power’s survey of residential gas customers.

DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

Kimberly Clark Corp(NYSE:KMB), ended its Wednesday’s trading session with 0.19% gain, and closed at $113.50.

Kimberly-Clark Corporation (KMB) published its annual report on sustainability, providing a comprehensive overview of the company’s sustainability efforts, focusing on case studies that highlight social and environmental progress throughout the company’s global operations.

Building on the Sustainability 2015 program, Sustainability 2022 is a commitment to:

  • Invest in innovative social programs so that people who lack the basic essentials in life – sanitation, health, wellbeing – get the assist they need
  • Innovate to extend the life of product and packaging materials
  • Reduce pressure on precious natural resources with the development of sustainable alternatives

Kimberly-Clark Corporation, together with its auxiliaries, manufactures and markets personal care, consumer tissue, and K-C professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brands.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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