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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 21, 2013 | | 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. | | | 14:01 EDT | | WMT | Options Update; May 16, 2013
Subscribe for More Information | | | 13:16 EDT | | WMT | Wal-Mart warns on email phishing scam
Subscribe for More Information | | | 12:24 EDT | | WMT | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. 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 advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 11:37 EDT | | BBY | Stocks with call strike movement; AMD BBY
AMD (AMD) October 4.5 call volatility increased 4% to 58, Best Buy (BBY) June 30 call option implied volatility increased 3% to 63 according to IVolatility. | | | | 10:21 EDT | | BBY | Best Buy volatility elevated shares near one-year high into Q1
Best Buy May weekly call option implied volatility is at 71, June is at 61, July is at 55, September is at 51 of 50 is above its 26-week average of 59 according to Track Data, suggesting large near term price movement into the expected release of Q1 earnings on May 20. | | | 10:02 EDT | | WMT | Target losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target. | | | 09:42 EDT | | BBY | Best Buy estimates lowered at ITG Research
Subscribe for More Information | | | 09:27 EDT | | WMT | Wal-Mart slips after results and guidance, levels to watch
Subscribe for More Information | | | 09:19 EDT | | WMT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:54 EDT | | WMT | Wal-Mart sees opening 60-65 new Walmart U.S. units in Q2
Says added 38 new Walmart units and converted 8 units to supercenters in U.S. in Q1. Planning to open between 60-65 new Walmart units, including new stores, expansions and relocations, in U.S. in Q2. Plans to open 15-20 new and relocated Sam's Clubs during the year, the majority of which are scheduled for Q3 and Q4. Says total company added over 5M square feet of retail space in Q1. Comments from Q1 earnings conference call. | | | 07:42 EDT | | WMT | Wal-Mart CEO says had 'more difficult quarter than expected'
Wal-Mart CEO Mike Duke said on the company's Q1 earnings conference call, "Frankly, we had a more difficult quarter than expected when we announced our guidance in February. It’s important to note that Walmart U.S. continued to gain market share across several key categories. Sales were pressured primarily by delayed tax refunds, which caused customers to put off discretionary purchases. And though no one likes to talk about weather, it was a real factor across the United States...I share [Bill Simon's] optimism about the remainder of the year and believe the underlying strength of the Walmart U.S. business will deliver positive comps next quarter." | | | 07:29 EDT | | WMT | Futures higher ahead of economic data
Subscribe for More Information | | | 07:12 EDT | | WMT | Wal-Mart says Q2 off to 'good start, with positive comps'
Subscribe for More Information | | | 07:11 EDT | | WMT | Wal-Mart says Q1 U.S. comp traffic down 1.8%, average ticket up 0.4%
The company reported Q1 U.S. comparable store sales ex-fuel down 1.4% for Walmart U.S., up 0.2% for Sam's Club. The company said, "During the 13-week period, the Walmart U.S. comp was negatively impacted by a delay in tax refund checks, challenging weather conditions, less grocery inflation than expected and the payroll tax increase. Comp traffic was down 1.8%, while average ticket increased 0.4%. Despite comps being lower than expected, we continued to generate market share gains. According to The Nielsen Company, we gained 20 basis points of market share in the measured category of 'food, consumables and health & wellness/OTC' during the 13-weeks ended Apr. 27, 2013." | | | | 07:07 EDT | | WMT | Wal-Mart reports Q1 EPS 1.14, consensus $1.15
Subscribe for More Information | | | 07:04 EDT | | WMT | Wal-Mart sees Q2 EPS $1.22-$1.27, consensus $1.29
Walmart U.S. and Sam's Club, excluding fuel, expect to increase comps for the Q2 13-week period to between flat and 2 percent and 1 and 3 percent, respectively. Q2 revenue consensus $119.73B. | | | May 15, 2013 | | 16:55 EDT | | WMT | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | 15:11 EDT | | WMT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | | | 14:48 EDT | | WMT | Wal-Mart May 80 straddle priced for 2.6% move into Q1
| | | 11:45 EDT | | BBY | Stocks with call strike movement; JCP BBY
Subscribe for More Information | | | 09:44 EDT | | BBY | Best Buy Q1results likley below consensus, says Wedbush
Wedbush expects Best Buy to report Q1 pro-forma results below consensus due to the reclassification of Best Buy Europe as discontinued operations. The firm expects Best Buy's cash flow to decline and continued margin erosion to result in lower earnings. The firm rates shares an Underperform with a $9 price target. | | | 08:00 EDT | | WMT | Wal-Mart price target raised to $88 from $78 at RW Baird
Subscribe for More Information | | | 07:09 EDT | | WMT | Wal-Mart May volatility elevated into Q1 and revenue outlook
Wal-Mart May call option implied volatility is at 39, June is at 15, July and September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. | | | May 14, 2013 | | 18:45 EDT | | WMT | Wal-Mart says won't sign Bangladesh factory proposal, Bloomberg reports
Wal-Mart says its plan will produce quicker results, according to Bloomberg. | | | | 16:02 EDT | | WMT | Wal-Mart to raise inspection standards, transparency on Bangladesh factories
Subscribe for More Information | | | 16:01 EDT | | WMT | Wal-Mart to raise inspection standards on Bangladesh factories
Subscribe for More Information | | | 11:51 EDT | | BBY | Stocks with call strike movement; JCP BBY
J.C. Penney (JCP) June 21 call volatility increased 2% to 60, Best Buy (BBY) June 31 call option implied volatility decreased 2% to 59 according to IVolatility. | | | 11:30 EDT | | WMT | Analysts differ on Wal-Mart sales trends in March, April
Subscribe for More Information | | | 08:06 EDT | | WMT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | 06:32 EDT | | WMT | Wal-Mart sales improved in March and April, says Jefferies
Jefferies said its research suggests that after a challenging start to the quarter, Wal-Mart's sales improved in March and April. The firm believes Wal-Mart shares will hold current levels or move higher should management confirm its research when reporting Q1 results. Jefferies keeps a Buy rating on Wal-Mart with a $90 price target. | | | 06:09 EDT | | WMT | Wal-Mart removed from Top Picks Live list at Citigroup
Subscribe for More Information | | | May 13, 2013 | | 11:57 EDT | | BBY | Stocks with call strike movement; FLSR BBY
Subscribe for More Information | | | May 10, 2013 | | 11:31 EDT | | BBY | Stocks with call strike movement; FLSR BBY
First Solar (FSLR) June 60 call volatility decreased 2% to 58, Best Buy (BBY) June 28 up 2% to 60 call option implied volatility decreased 2% to 52 according to IVolatility. | | | May 9, 2013 | | 05:46 EDT | | WMT | Wal-Mart investing $16.3M for food safety in China, WSJ reports
Subscribe for More Information | | | | May 8, 2013 | | 12:07 EDT | | BBY | Stocks with call strike movement; BBY MNST
Best Buy (BBY) June 29 call option implied volatility decreased 2% to 59, Monster Beverage (MNST) May 62.5 call option implied volatility decreased 1% to 64 according to IVolatility. | | | 12:06 EDT | | BBY | Stocks with call strike movement; BBY MNST
Subscribe for More Information | | | 07:44 EDT | | BBY, WMT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | 07:11 EDT | | WMT | Wal-Mart volatility flat into Q1 and margin growth outlook
Subscribe for More Information | | | May 7, 2013 | | 18:32 EDT | | WMT | Wal-Mart CEO search to focus on internal candidates, Bloomberg says
Wal-Mart has identified two internal candidates, international chief Doug McMillon, and Bill Simon, head of U.S. operations, as possible successors to CEO Mike Duke, Bloomberg reports, citing a person familiar with the situation. Reference Link | | | 16:01 EDT | | WMT | Options Update; May 7, 2013
Subscribe for More Information | | | 12:48 EDT | | WMT | Wal-Mart to focus CEO search on internal candidates, Bloomberg says
Subscribe for More Information | | | 11:39 EDT | | BBY | Samsung to open mini-shops in 1,400 Best Buy stores, LA Times reports
Subscribe for More Information | | | 11:37 EDT | | BBY | Stocks with call strike movement; FSLR BBY
First Solar (FSLR) September 48 call volatility decreased 5% to 55, Best Buy (BBY) June 29 call option implied volatility increased 1% to 57 according to iVolatility. | |
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