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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:00 EDTCCE, WMT, VEEV, SBUX, RKUS, QTNT, NMBL, NBS, MEG, JD, MCD, DK, WMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Coca-Cola Enterprises (CCE) initiated with a Neutral at ISI Group... Delek US (DK) initiated with a Buy at BofA/Merrill... JD.com (JD) initiated with a Buy at CLSA... McDonald's (MCD) initiated with a Strong Sell at Standpoint Research... Media General (MEG) initiated with a Buy at Benchmark Co.... NeoStem (NBS) initiated with a Speculative Buy at Benchmark Co.... Nimble Storage (NMBL) initiated with a Neutral at Macquarie... Quotient (QTNT) initiated with an Outperform at Cowen... Ruckus Wireless (RKUS) initiated with an Outperform at BMO Capital... Starbucks (SBUX) initiated with a Strong Sell at Standpoint Research... Veeva (VEEV) initiated with an Overweight at JPMorgan... Wal-Mart (WMT) initiated with a Strong Sell at Standpoint Research... Waste Management (WM) initiated with an Outperform at Imperial Capital.
News For CCE;DK;MCD;JD;MEG;NBS;NMBL;QTNT;RKUS;SBUX;VEEV;WMT;WM From The Last 14 Days
Check below for free stories on CCE;DK;MCD;JD;MEG;NBS;NMBL;QTNT;RKUS;SBUX;VEEV;WMT;WM the last two weeks.
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August 18, 2014
06:26 EDTMCDMcDonald's orders products from Thai supplier after food scare, Reuters says
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August 15, 2014
17:02 EDTWMTStocks end week slightly higher despite flare-up in Russian tensions
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06:39 EDTSBUX, MCDTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link
05:37 EDTJDJD.com sees Q3 revenue growth 55%-61% vs. last year
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05:36 EDTJDJD.com reports Q2 EPS 0c, consensus (2c)
Reports Q2 revenue $4.6B, consensus $4.4B. GMV for Q2 was $10.2B, an increase of 107% compared to last year. Active customer accounts increased from 19.6M in the second quarter of 2013 to 38.1M in Q2.
August 14, 2014
19:59 EDTWMTWal-Mart sees rise in DVD orders following Disney, Amazon feud, Bloomberg says
Wal-Mart's (WMT) online division has capitalized on a feud between Disney (DIS) and Amazon (AMZN) by offering discounted pre-orders on Walt Disney DVDs, according to Bloomberg. Wal-Mart pre-orders of "Captain America" have increased by 90%, while orders of other Disney DVDs have increased by 40%, Bloomberg added, citing an e-mail from Wal-Mart spokesman Dan Toporek. Reference Link
17:53 EDTWMTWal-Mart not a bargain, Barron's reports
Wal-Mart reported in-line quarterly results, but lowered its FY15 EPS view due to investments in e-commerce and higher U.S. health-care costs. The stock trades for approximately 13 times forward earnings, but only has an 8% long-term earnings growth rate, roughly half the industry average. At current levels, the stock is no bargain, Barron's reports. Reference Link
16:30 EDTWMTOn The Fly: Closing Wrap
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15:47 EDTWMTWal-Mart price target lowered to $80 from $84 at RW Baird
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12:30 EDTWMTOn The Fly: Midday Wrap
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11:45 EDTNMBLNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
08:16 EDTWMTWal-Mart lowers FY15 e-commerce sales growth forecast to 25%
"E-commerce is particularly important to both our customers and our company’s future, and we will continue to invest in areas such as technology, talent, and fulfillment. As a result, our fiscal 2015 earnings per share now assumes 5c-7c of incremental investment, versus our prior guidance of 2c-4c. I would like to add that, although we are slightly revising our e-commerce sales growth to 25% for this year, we continue to be very encouraged by the progress we are making on our strategic goals," Charles Holley, Walmart’s CFO, stated on the company's earnings conference call earlier.
07:30 EDTWMTWal-Mart reports Q2 U.S. comp traffic down 1.1%, average ticket up 1.1%
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07:30 EDTWMTWal-Mart says saw double-digit e-commerce growth in 4 'most important' markets
Wal-Mart saw double-digit e-commerce growth from its "four most important markets," the U.S., U.K., China and Brazil, in Q1, Wal-Mart President and CEO Doug McMillon stated on the company's Q2 earnings call.
07:22 EDTWMTWal-Mart to hold a summit
2nd Annual U.S. Manufacturing Summit is being held in Denver, Colorado on August 14 at 4 pm. Webcast Link
07:10 EDTWMTWal-Mart CEO says pleased with 'solid' EPS, encouraged by e-commerce growth
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07:07 EDTWMTWal-Mart sees Q3 EPS $1.10-$1.20, consensus $1.18
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07:06 EDTWMTWal-Mart reports Q2 U.S. SSS flat
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07:05 EDTWMTWal-Mart lowers FY15 EPS view to $4.90-$5.15 from $5.10-$5.45, consensus $5.15
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07:02 EDTWMTWal-Mart reports Q2 EPS $1.21, consensus $1.21
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