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News Breaks | | | | January 4, 2013 | | 09:27 EDT |  | BBY, WMT | Best Buy says Wal-Mart Promotions had measurable effect on profits, WSJ says
Due to a price-match guarantee that requires the retailer to match the price of competitor's ads, Best Buy (BBY) said it lost about $65,000 in profit the day Wal-Mart (WMT) announced the promotion. Best Buy felt compelled to match Wal-Mart's advertised $150 price for the iPhone 5 even though it concluded Wal-Mart did not have enough iPhones available. Reference Link | |
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News For BBY;WMT From The Last 14 Days Check below for free stories on BBY;WMT the last two weeks. |
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| May 22, 2013 | | 11:56 EDT |  | BBY | Options with decreasing implied volatility: WCRX NTI PXP AMRN BBY
| | | 07:46 EDT |  | BBY | Best Buy results to start improving in 2H13, says RBC Capital
 Subscribe for More Information | | | May 21, 2013 | | 14:50 EDT | | WMT | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 14:09 EDT | | WMT | Waste Management volatility low as shares rally to record high
Waste Management overall option implied volatility of 15 is below its 26-week average of 17 according to Track Data, suggesting decreasing price risk. | | | 12:36 EDT |  | BBY | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:32 EDT | | BBY | Options with decreasing implied volatility: PXP ARNA BBY OPK CSC
| | | 10:20 EDT |  | BBY | Best Buy down over 3% in volatile trading, levels to watch
Subscribe for More Information | | | 09:25 EDT |  | BBY | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:32 EDT |  | WMT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:09 EDT | | BBY | Best Buy expects investment in price competitiveness to continue into Q2
Subscribe for More Information | | | | 07:07 EDT | | BBY | Best Buy reports Q1 SSS fell 1.3%
Subscribe for More Information | | | 07:03 EDT |  | BBY | Best Buy reports Q1 adjusted EPS 32c, consensus 25c
Reports Q1 revenue $9.38B, may not compare to consensus $10.64B. Reports Q1 SSS down 1.3%. | | | May 20, 2013 | | 15:22 EDT | | BBY | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 77c; Medtronic (MDT), consensus $1.03; The TJX Companies (TJX), consensus 62c; AutoZone (AZO), consensus $7.23; Best Buy (BBY), consensus 25c; Dick's Sporting Goods (DKS), consensus 48c; Tidewater (TDW), consensus 61c; Saks (SKS), consensus 19c; Rexnord (RXN), consensus 31c; Monro Muffler Brake (MNRO), consensus 25c. | | | 15:05 EDT | | BBY | Best Buy May 27 weekly straddle priced for 9.1% move into Q1
Subscribe for More Information | | | 12:24 EDT | | BBY | Stocks with call strike movement; FSLR BBY
Subscribe for More Information | | | 11:08 EDT | | BBY | Best Buy May weekly volatility elevated at 117 into Q1
Subscribe for More Information | | | 07:31 EDT | | WMT | Retailers can open warehouses in India areas against FDI, Economic Times says
Subscribe for More Information | | | May 17, 2013 | | 12:00 EDT | | BBY | Stocks with call strike movement; FSLR BBY
Subscribe for More Information | | | 07:48 EDT | | WMT | Wal-Mart valuation profile seems sustainable, says RW Baird
Subscribe for More Information | | | May 16, 2013 | | 16:29 EDT | | WMT | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | |
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