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Stock Market & Financial Investment News

News Breaks
January 9, 2014
07:21 EDTBBBY, AMZNBed Bath & Beyond may have tougher compeititon from online, says Wells Fargo
Wells Fargo believes that Bed Bath & Beyond's Q3 results indicate that the company is facing intensified pressure from online competitors. The firm trimmed its price target on the stock to $69-$73 from $71-$75 and keeps a Market Perform rating on the shares.
News For BBBY;AMZN From The Last 14 Days
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September 22, 2014
16:00 EDTAMZNOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
09:38 EDTAMZNActive equity options trading on open
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09:15 EDTAMZNAmazon's Iain Kennedy leaves company for Microsoft, Re/code reports
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07:31 EDTBBBYBed Bath & Beyond Q2 results likely similar to recent quarters, says UBS
UBS said it expects Bed Bath & Beyond's Q2 results to "look a lot like" its recent quarters, reflecting a modest comp sales increase and ongoing gross margin pressure. The firm maintains its Neutral rating and $62 price target on the stock.
07:12 EDTAMZNUnion says Amazon workers in Germany begin strike, WSJ says
The Verdi labor union said that employees at five Amazon logistics centers in Germany have walked out in a two-day demonstration to support requests for a collective wage deal, according to The Wall Street Journal, citing the union. Verdi noted that the strike is anticipated to stop after the late shift tomorrow. Reference Link
September 19, 2014
16:24 EDTAMZNStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:17 EDTAMZNOn The Fly: Closing Wrap
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16:00 EDTAMZNOptions Update; September 19, 2014
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11:06 EDTBBBYBed Bath and Beyond weekly volatility elevated into Q2 and outlook
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07:05 EDTAMZNAmazon.com pullback creates good entry point, says RBC Capital
RBC Capital thinks Amazon.com is starting to benefit from its same-day delivery service, while the market is underestimating the profit potential of Prime. The firm continues to view the company as one of the best in the Internet sector, and increased its price target on the shares to $435 from 4380 while keeping an Outperform rating.
September 18, 2014
16:00 EDTAMZNOptions Update; September 18, 2014
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10:40 EDTBBBYPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
08:44 EDTAMZNAmazon.com volatility flat into Alibaba IPO
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06:05 EDTAMZNAmazon partners with Bango, Telefonica Deutschland on carrier billing services
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06:00 EDTAMZNAmazon introduces Fire OS 4 'Sangria'
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05:59 EDTAMZNAmazon announces new Fire HD
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05:57 EDTAMZNAmazon introduces Fire HDX 8.9
Amazon introduced the all-new Fire HDX 8.9, which combines a light design and HDX display with a new, more powerful processor, exclusive Dolby Atmos and the latest Dolby Audio, and all-new Fire OS 4 “Sangria” features and services. The new Fire HDX is available for pre-order starting today for $379.
05:57 EDTAMZNAmazon announces Fire HD Kids Edition
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05:56 EDTAMZNAmazon introduces two new Kindles
Amazon introduced the 7th generation of Kindle: Kindle Voyage and the new $79 Kindle, with a 20% faster processor, twice the storage, and now with a touch interface. Kindle Voyage features an all-new design, with a beautiful flush glass front and a magnesium back. Kindle Voyage uses a brand new Paperwhite display, with the highest resolution, highest contrast, and highest brightness of any Kindle. The new Kindle is available for pre-order today for $79 and will start shipping in October. The new Kindle Voyage is $199 and is available for pre-order and will start shipping in October.
05:51 EDTAMZNPiper questions why Amazon is in hardware business
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