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News Breaks
March 5, 2014
12:22 EDTFWM, SWY, TGT, TFM, WFM, AMZN, SVU, KRAnalyst sees groceries as 'massive' opportunity for Amazon
Amazon.com's (AMZN) grocery initiative, Amazon Fresh, could spark a new, long-term growth spurt for the company, research firm PiperJaffray wrote in a note to investors earlier today. WHAT'S NEW: According to the USDA, Americans spent $677B on groceries in 2012, Piper analyst Gene Munster wrote. As a result, Fresh will be a "massive" opportunity for Amazon.com, the analyst stated. Fresh also provides Amazon.com with an indirect opportunity, Munster believes. Specifically, the initiative could cause users to spend more time on the website, ultimately resulting in higher sales for Amazon, the analyst believes. Target (TGT) used a similar strategy beginning in 2009, as it added grocery sections to its smaller stores in an effort to entice consumers to visit the stores more frequently. Noting that Amazon currently offers Fresh in Seattle, Los Angeles and San Francisco, Munster wrote that the service is convenient, fast and efficient, but could improve in the areas of price and selection. He kept a $420 price target and Overweight rating on Amazon.com shares. WHAT'S NOTABLE: Fresh costs $299 per year. In addition to the grocery service, subscribers receive all the other benefits of Amazon Prime. OTHERS TO WATCH: Supermarkets that could be affected by the launch of Fresh include Whole Foods (WFM), Safeway (SWY), Supervalu (SVU), Kroeger (KR), The Fresh Market (TFM), and Fairway Group (FWM). PRICE ACTION: In early afternoon trading, Amazon.com rose $6.65, or 1.8%, to $370.50.
News For AMZN;TGT;KR;WFM;SWY;SVU;TFM;FWM From The Last 14 Days
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November 14, 2014
06:16 EDTAMZNEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link
November 13, 2014
16:03 EDTAMZNOptions Update; November 13, 2014
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11:43 EDTAMZNAmazon.com, Hachette end dispute, New York Times reports
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06:20 EDTAMZNAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
16:00 EDTAMZNOptions Update; November 12, 2014
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13:47 EDTAMZNEarnings Preview: Wal-Mart sees FY15 net sales up 2%-3% vs. last year
Wal-Mart Stores (WMT) is scheduled to report third quarter earnings before the market open on Thursday, November 13, with a conference call scheduled for 7:00 am ET. Wal-Mart, a member of the Dow Jones Industrial Average, operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy. EXPECTATIONS: Analysts are looking for earnings per share of $1.12 on revenue of $118.35B, according to First Call. The consensus range for EPS is $1.08-$1.17 on revenue of $115.17B-$119.67B. LAST QUARTER: Wal-Mart reported second quarter EPS of $1.21, in line with estimates, on revenue of $119.3B, against estimates of $119B. Walmart U.S. comp sales were flat for the 13-week period ended August 1, and U.S. net sales increased $1.9B, or 2.7%, to over $70B. Currency exchange rate fluctuations negatively impacted net sales by approximately $700M, the company said. Wal-Mart forecast Q3 EPS of $1.10-$1.20, with U.S. comp store sales relatively flat and Sam's Club comp sales, excluding fuel, slightly positive. and increased investments in Sam's Club membership programs. The company lowered its fiscal year 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, against estimates at that time of $5.15. The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated. The annual effective tax rate is projected to be between 32%-34%. NEWS: On its Q2 earnings conference call, Wal-Mart lowered its FY15 e-commerce sales growth forecast to 25%. In mid-October, Wal-Mart said that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for FY15 between 2%-3% on last year’s $473.1B. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The company sees fiscal year 2016 net sales growth of 2%-4%, or approximately $10B-$20B of net sales growth. The company said FY16 operating expenses will grow at a rate "somewhat faster" than sales growth and operating income will be flat to slightly down. Chief Executive Officer Doug McMillon said the company will invest less in stores and more in e-commerce. Wal-Mart sees FY15 capital investments of $12.5B-$13B and FY16 capital investments $11.6B-$12.9B. Wal-Mart also sees FY16 e-commerce and digital spending of $1.2B-$1.5B. Ahead of a holiday shopping season that may be fiercely promotional, Wal-Mart is testing a program to match online prices from rivals including Amazon.com (AMZN), reported the Wall Street Journal. The company announced the "New Black Friday" will include five days of deals. STREET RESEARCH: Cleveland Research said Wal-Mart's trends softened in September and October following a strong August driven by soft traffic and less promotional activity. The firm believes Wal-Mart is positioned to maintain share during the holidays, but sees "growing caution" on the consumer spending outlook. Baird said expectations for Wal-Mart appear to be muted into the Q3 report. The firm believes sales may remain lackluster and margins may slip in the near-term, but sees international as an opportunity. During the quarter, shares were initiated with a Neutral rating at Sterne Agee. PRICE ACTION: Wal-Mart shares are up 6.9% over the last three months but are only up 0.8% year-to-date. In early afternoon trading, Wal-Mart shares are up 0.4% to $79.35.
12:55 EDTAMZNAmazon to expand its R&D in Cambridge, UK, TechCrunch reports
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09:37 EDTAMZNActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
07:37 EDTTGTTarget shares overvalued, says MKM Partners
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November 11, 2014
16:01 EDTAMZNOptions Update; November 11, 2014
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09:37 EDTAMZNeBay October SSS up 4.4%, Amazon SSS up 32.4%, ChannelAdvisor says
ChannelAdvisor released October same-store sales data for eBay (EBAY) and Amazon (AMZN) in a blog post. The research company reported eBay's October SSS growth came in at 4.4%, down from September's 8.9% and below the e-commerce growth rate of about 15% reported by ComScore. Amazon's October SSS growth came in at 32.4%, which was a decrease compared to August's 37.9% rate, ChannelAdvisor stated. Reference Link
09:37 EDTWFMActive equity options trading
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06:03 EDTAMZNQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
15:44 EDTAMZNAmazon Web Services to hold a conference
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11:35 EDTWFMStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:08 EDTTGTTarget upgraded at Stifel
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07:34 EDTWFMApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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05:54 EDTWFMStocks with implied volatility movement; WFM AEO
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05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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