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Stock Market & Financial Investment News

News Breaks
June 17, 2014
07:28 EDTNTSP, AXP, JPM, TSS, WMTAmEx ramps up marketing for 'check alternative' cards, WSJ says
Crowing competition for affluent customers from the likes of JPMorgan (JPM) drove American Express (AXP) to launch Bluebird prepaid cards in partnership with Wal-Mart (WMT) and now AmEx is ramping up its marketing for the card it pitches as an alternative to checking accounts for consumers outside its traditional audience, said The Wall Street Journal. With its move to be a more "inclusive brand," AmEx has moved into territory previously dominated by players like Green Dot (GDOT) and NetSpend, which has been acquired by Total System (TSS), the report noted. Reference Link
News For AXP;WMT;JPM;NTSP;TSS From The Last 14 Days
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May 19, 2015
09:37 EDTJPM, WMTActive equity options trading on open
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07:32 EDTAXPPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
07:22 EDTWMTWal-Mart drops 2% after Q1 earnings miss expectations
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07:21 EDTWMTWal-Mart now sees forex hurting FY16 net sales by $14B
Wal-Mart CFO Charles Holley said on the company's Q1 earnings call that the company expects currency to remain a "significant headwind" for the year. Assuming exchange rates remain where they are today, the impact on full year net sales would be approximately $14B, which compares to guidance in February of approximately $10B. Assuming exchange rates remain where they are today, the impact on FY16 EPS would be approximately 13c per share, compared to prior guidance of 10c per share.
07:18 EDTWMTWal-Mart says Q1 Sam's Club results 'disappointing'
Rosalind Brewer said on Wal-Mart's Q1 earnings call that Samís Club Q1 results were "disappointing, as comp sales missed guidance, and we delivered softer net sales and profit than last year." Sam's Club reported Q1 comp sales without fuel up 0.4%, with traffic down 0.2% and ticket up 0.6%. Sam's Club expects comp sales for the 13-week period ending July 31 to be between flat and up 2%.
07:14 EDTWMTWal-Mart reports Q1 global e-commerce sales up about 17%
Walmart U.S. e-commerce saw double-digit comp growth across many departments, the company said. Walmart U.S. mobile traffic was up over 100% for the quarter Walmart U.S. saw higher conversion rates as well, the company added. Comments from Q1 earnings conference call.
07:05 EDTWMTWal-Mart sees Q2 EPS $1.06-$1.18, consensus $1.17
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07:03 EDTWMTWal-Mart reports Q1 EPS $1.03, consensus $1.04
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May 18, 2015
15:35 EDTWMTWal-Mart May 79.5 weekly straddle priced for 2.4% movement into Q1
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15:15 EDTWMTWal-Mart May weekly volatility increases into Q1 and outlook
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15:00 EDTWMTNotable companies reporting before tomorrow's open
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14:35 EDTWMTWal-Mart technical comments ahead of results
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14:04 EDTWMTEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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13:59 EDTTSSTotal System to host analyst day
Analyst Day to be held in New York on May 20 at 9 am. Webcast Link
12:09 EDTAXPAmerican Express management to meet with Guggenheim
Meeting to be held in New York on May 20 hosted by Guggenheim.
09:46 EDTJPMMPLX enters common unit sales agreement for up to $500M
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07:46 EDTAXPAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
07:21 EDTWMTWal-Mart Q1 should benefit from lower gas, stronger consumer, says Stephens
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07:12 EDTJPMBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:30 EDTWMTWal-Mart to repair stores in labor dispute, Reuters reports
Wal-Mart said it would seek permits to rip up floors and replace plumping lines at five stores that justified its abrupt closure, reports Reuters. The move follows a union-backed complaint to the National Labor Relations Board last month after Wal-Mart temporarily closed the stores. The union accused the company for shutting down the stores to stop workers from organizing. Reference Link
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