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Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:12 EDTSHLD, JCP, M, BONT, BURLBurlington Stores rallies after profits surpass analyst forecast
Shares of off-price branded apparel retailer Burlington Stores (BURL) are rallying after the company reported higher than anticipated fourth quarter earnings per share. WHAT'S NEW: Burlington Stores reported fourth quarter earnings per share of $1.07, topping analysts' consensus forecast of $1.03. The company's fourth quarter same-store-sales rose 4% and its revenue of $1.33B narrowly missed the consensus forecast of $1.34B. Burlington Stores said it sees first quarter adjusted earnings per share of 19c-23c, while analysts had a consensus view of 23c prior to the report. The company expects first quarter same-store-sales and FY14 same-store sales to be up 2%-3%. The retailer expects FY14 adjusted earnings per share of $1.25-$1.35, which is lower than analysts' consensus of $1.38. WHAT'S NOTABLE: During it's fourth quarter earnings conference call, the company said it sees Q1 total net sales to increase in the range of 5.4% to 6.4% and it plans to open two new stores. It said it will continue to focus on its pipeline of deals and expects to move toward a more balanced split between first half and second half openings in future years. OTHERS TO WATCH: Competitors of Burlington Stores include Macy's (M), Sears (SHLD), Bon-Ton Stores (BONT) and J.C. Penney (JCP). PRICE ACTION: During morning trading, shares of Burlington Stores rose 13.9% to $29.50.
News For BURL;M;SHLD;BONT;JCP From The Last 14 Days
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January 21, 2015
12:12 EDTSHLD, M, JCPBest Buy, home retailers seen getting biggest bump from Sears demise
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06:59 EDTMMacy's sues Strategic Marks in brand dispute, NY Post says
Macy's is suing Strategic Marks after the company attempted to acquire certain Macy's brand names, including Abraham & Straus, Marshall Fieldís, and Fileneís, reports the New York Post. Strategic Marks laid claim to the "dormant" brands, saying Macy's acquired then abandoned them in order to eliminate regional competition, and trial is set for March 2. The Post notes that Strategic is readying "its own launch of new merchandise and pop-up stores." Reference Link
06:52 EDTMMacy's sues Strategic Marks in brand dispute, NY Post says
Macy's is suing Strategic Marks after the company attempted to acquire certain Macy's brand names, including Abraham & Straus, Marshall Field's, and Filene's, reports the New York Post. Strategic Marks laid claim to the "dormant" brands, saying Macy's acquired then abandoned them in order to eliminate regional competition, and trial is set for March 2. The Post notes that Strategic is readying "its own launch of new merchandise and pop-up stores." Reference Link
January 20, 2015
12:01 EDTSHLDOverstock.com to appeal patent infringement case
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09:44 EDTMSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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08:47 EDTBONTBon-Ton Stores announces 2015 retirement of CFO Keith Plowman
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07:10 EDTBONTBon-Ton Stores cuts FY adjusted EBITDA view to $140M-$150M from $150M-$160M
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07:09 EDTBONTBon-Ton Stores reports holiday period SSS up 5.3%
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06:22 EDTJCPJ.C. Penney to bring back 120-page catalog, WSJ reports
J.C. Penney has decided to resurrect its catalog in the form of a 120-page book that will mark the first catalog the chain has sent out since 2010, The Wall Street Journal reports. The retailer, which quit the catalog amid a broader pullback caused by the recession and the rise of e-commerce, now believes the catalog can help drive web sales. Reference Link
January 16, 2015
11:04 EDTSHLDFAA proposes $533,000 civil penalty against Sears Holdings
The U.S. Department of Transportationís Federal Aviation Administration proposes a $533,000 civil penalty against Sears Holdings Management Corp. for allegedly violating Hazardous Materials Regulations. The FAA alleges that Sears on Dec. 20, 2012 offered UPS 27 boxes, each containing one DieHard Portable Power Supply that encased a non-spillable battery, for air transportation to various locations in the United States. Workers at the UPS sort facility in Louisville, Ky., discovered six of the corrosive shipments were vibrating and one was warm to the touch. The FAA alleges that Sears failed to package the batteries in accordance with the Hazardous Materials Regulations to prevent unintentional activation. The agency also alleges the shipment was not accompanied by shipping papers to indicate the hazardous nature of its contents, and was not marked or labeled. Additionally, Sears offered the shipment without providing emergency response information and failed to ensure its employees had received required hazardous materials training, the FAA alleges. Sears has 30 days from the receipt of the FAA's enforcement letter to respond to the agency.
10:01 EDTBURLOn The Fly: Analyst Upgrade Summary
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05:41 EDTBURLBurlington Stores upgraded to Buy from Neutral at Sterne Agee
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January 13, 2015
10:17 EDTJCPOptions with decreasing implied volatility
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09:11 EDTBURLBurlington Stores 12.5M share Block Trade priced at $48.90
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09:00 EDTMMacy's names RLJ Lodging Trust CFO Leslie Hale to board of directors
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January 12, 2015
16:38 EDTBURLBurlington Stores files to sell 12.5M shares of common stock for holders
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10:15 EDTJCPOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
07:58 EDTBURLBurlington Stores price target raised to $60 from $50 at BofA/Merrill
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07:35 EDTJCPNational Retail Federation to hold a trade show
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06:35 EDTM, SHLD, JCPObama to press for law requiring disclosure of hacking, NY Times says
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