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Friday 24 April 2015
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Stocks Under Bearish Claws: PulteGroup, (NYSE:PHM), Rock-Tenn Company (NYSE:RKT), Tiffany & Co (NYSE:TIF), Rosetta Resources , (NASDAQ:ROSE)

On Thursday, PulteGroup, Inc (NYSE:PHM)’s shares declined -1.93% to $22.34.

On March 30, PulteGroup, Inc. declared that it will release its first quarter 2015 financial results before the market opens on Thursday, April 23, 2015. The Company will hold a conference call to talk about first quarter results that same day at 8:30 a.m. (ET).

PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.

Rock-Tenn Company (NYSE:RKT)’s shares dropped -1.92% to $61.74, during the last trading session on Thursday.

On March 31, Rock-Tenn Company declared that it anticipates to report adjusted earnings per share for its fiscal second quarter ending March 31, 2015, in the range of $0.70 to $0.75 per share, contrast to the previous guidance of $0.80 to $0.90 per share.

The company’s corrugated packaging business continues to perform well. Corrugated container shipments have grown during the quarter as contrast to the preceding year periods. Container shipments for the combined January and February 2015 period raised by 7.2% on an average week basis and 2.1% on an actual shipment basis. These volumes raises exceeded comparable industry stated statistics by more than 200 basis points. Our container shipments for the March interim period reflecting shipments through March 27, 2015, were about 2.5% higher than average per day container shipments in March 2014.

RockTenn will host its second quarter earnings conference call on Thursday, April 30 at 9:00 a.m. EDT. RockTenn will release its second quarter fiscal 2015 results after the market close on Wednesday, April 29, 2015.

Rock-Tenn Company manufactures and sells containerboard and paperboard products in the Unites States, Canada, Mexico, Chile, Argentina, and Puerto Rico. The company operates through four segments: Corrugated Packaging, Consumer Packaging, Merchandising Displays, and Recycling. The Corrugated Packaging segment offers containerboard, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers; and converts corrugated sheets into corrugated products.

At the end of Thursday’s trade, Tiffany & Co (NYSE:TIF)‘s shares dipped -1.92% to $85.74.

On April 10, Tiffany & Co declared its offer to exchange new registered notes for the outstanding unregistered notes that it issued in September 2014 in a private placement following Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Under the exchange offer, Tiffany & Co. is offering to exchange up to (i) $250,000,000 aggregate principal amount of its outstanding $250,000,000 unregistered 3.800% Senior Notes due 2024 for a like principal amount of its new $250,000,000 3.800% Senior Notes due 2024, and (ii) $300,000,000 aggregate principal amount of its outstanding $300,000,000 unregistered 4.900% Senior Notes due 2044 for a like principal amount of its new $300,000,000 4.900% Senior Notes due 2044. The sole purpose of the Exchange Offer is to fulfill Tiffany & Co.’s obligations under the registration rights contract reached with holders of the unregistered notes in connection with the September 2014 offering. Tiffany & Co. will not receive any proceeds from the issuance of the Exchange Notes.

The Exchange Offer will expire at 5 pm ET on May 8, 2015, unless extended (such date and time, as they may be extended, the “Expiration Date”). The settlement date for the Exchange Offer will occur promptly following the Expiration Date. The Exchange Offer is made only pursuant to Tiffany & Co.’s prospectus dated April 10, 2015, which has been filed with the United States Securities and Exchange Commission. Tiffany & Co. has not authorized any person to provide information other than as set forth in the prospectus.

Tiffany & Co., through its auxiliaries, designs, manufactures, and retails jewelry worldwide. Its jewelry products comprise fine and solitaire jewelry; engagement rings and wedding bands to brides and grooms; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. In addition, it wholesales diamonds to third parties.

Rosetta Resources Inc (NASDAQ:ROSE), ended its Thursday’s trading session with -1.90% loss, and closed at $23.29.

On April 14, Rosetta Resources Inc. declared that it will hold its 1st Quarter 2015 Conference Call on Tuesday, May 5, 2015. The call will be hosted by Jim Craddock, Rosetta’s Chairman, Chief Executive Officer and President, and will cover the Company’s 2015 first quarter financial and operating results. The conference call will be broadcast live over the Internet.

Rosetta Resources Inc., an independent exploration and production company, attains and develops onshore energy resources in the United States. It owns producing and non-producing oil, natural gas liquids (NGLs), and natural gas properties in proven or prospective basins that are primarily located in the Eagle Ford shale in South Texas and in the Permian Basin in West Texas.

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