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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:00 EDTRPTP, CHSP, WMT, TAC, PODD, SXL, PHG, PM, PFMT, PEG, JWN, OIS, NCMI, MONT, MHK, IHG, GRPN, ESNT, COLMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Columbia Sportswear (COLM) downgraded to Sell from Hold at McAdams Wright... Essent Group (ESNT) downgraded to Market Perform from Outperform at Keefe Bruyette... Groupon (GRPN) downgraded to Underperform from Sector Perform at RBC Capital... InterContinental Hotels (IHG) downgraded to Underperform from Neutral at Credit Suisse... Mohawk (MHK) downgraded to Market Perform from Strong Buy at Raymond James... Montage Technology (MONT) downgraded to Equal Weight from Overweight at Barclays... National CineMedia (NCMI) downgraded to Hold from Buy at Stifel... Nordstrom (JWN) downgraded to Hold from Buy at Stifel... Oil States (OIS) downgraded to Neutral from Buy at Guggenheim... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Performant Financial (PFMT) downgraded to Market Perform from Outperform at Wells Fargo... Philip Morris (PM) downgraded to Market Perform from Outperform at First Global... Philips (PHG) downgraded to Underperform from Neutral at Exane BNP Paribas... Sunoco Logistics (SXL) downgraded to Neutral from Buy at UBS... Insulet (PODD) downgraded to Sell from Hold at Feltl... TransAlta (TAC) downgraded to Hold from Buy at Canaccord... Wal-Mart (WMT) downgraded at Stifel... Chesapeake Lodging (CHSP) downgraded to Neutral from Buy at SunTrust... Raptor Pharmaceuticals (RPTP) downgraded to Neutral from Buy at Ladenburg.
News For COLM;ESNT;GRPN;IHG;MHK;MONT;NCMI;OIS;JWN;PEG;PFMT;PM;PHG;SXL;PODD;TAC;WMT;CHSP;RPTP From The Last 14 Days
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October 15, 2014
11:14 EDTWMTWal-Mart Sam's Club CEO: Our business pressure remains mixed
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10:14 EDTWMTWal-Mart says 'Savings Catcher' has 5M users, to open more registers than ever
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09:57 EDTRPTPLeerink biotech analysts hold an analyst/industry conference call
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09:39 EDTWMTWal-Mart US CEO: Our first half was challenging and we need to improve traffic
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09:37 EDTWMTWal-Mart expects to open 190 stores between now and end of the year
Wal-Mart US President Greg Foran believes Q4 actions will offset a portion of significant headwinds like wages and healthcare costs. Says the company will be "thoughtful" on wages.
09:16 EDTWMTWal-Mart CEO outlines growth strategy at annual meeting
President and CEO Doug McMillon said "Customers make their shopping decisions based on four key dimensions – price assortment, experience and access. What we can offer them, and how we compete across those dimensions, is changing... We have tens of millions of customers visiting us weekly online and through our mobile apps looking for information, product options and then buying merchandise from us in stores and online. We’re known for assortment and we will be in the future.” Discussing price and experience, McMillon went on to say, “At Walmart, we serve value-conscious customers that come from all walks of life and all income levels. Price matters to our customers and it always will. As a company, being a low cost operator is in our DNA. This will never change and we will be the price leader, across a broad assortment, everywhere we operate." McMillon continued, “To capture the upside of our strategic advantages, we need to develop a more seamless relationship with our customers. We won't just be a store on the street." McMillon outlined what the company is doing to win now, noting that improving the company’s short-term performance is a priority across all of Walmart’s segments and markets. “Our supercenters in the U.S. should be delivering positive comps consistently. Our combination of pricing, in stock, service levels and merchant skills will generate improved performance in our supercenters. Our Neighborhood Markets continue to be a bright spot in terms of comp sales.” McMillon highlighted three key points that will drive the business going forward: “First, we're going to position ourselves to do a better job serving customers. We can create a next generation customer proposition through the combination of what we do with price, assortment, access and experience. We will save them money and time. Second, our priority is growth. Driving demand is the only sustainable way to deliver returns over time. Finally, we’ll manage capital in a disciplined, thoughtful manner.”
09:14 EDTWMTWal-Mart CEO: We've recognized situation has changed, will respond accordingly
The company expects to continue investing in supply chain to support e-commerce with real momentum there. CEO Doug McMillon says "We will win in the new era of retail." and adds that "driving demand is the only sustainable way to deliver results." Notes once again that the company will manage capital in disciplined, thoughtful manner.
09:09 EDTWMTWal-Mart expects to change capital allocation plans, short term pressure
CEO Doug McMillon said the company will invest less in stores and more in e-commerce. He adds that the company is in a "period of transformation." He said the company took leverage a bit too far, and improving short term performance is a priority for the company's business segments. McMillon said the company has room to improve in stock and at checkout. He says the changes won't happen overnight. Notes that low fuel prices are in the company's favor although healthcare is a headwind. Says the successor of competitors shows it has no excuse to not improve.
09:05 EDTWMTWal-Mart CEO: Future looks bright with the necessary changes
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08:17 EDTSXLSunoco Logistics upgraded to Buy from Neutral at BofA/Merrill
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07:42 EDTMONTMontage Technology reports preliminary Q3 revenue $46M, consensus $43.1M
Montage Technology Group announced preliminary revenue results for Q3 of approximately $46M, exceeding its previously announced guidance range of $41M-$45M. The increased revenue expectations reflect higher sales of its memory interface solutions, which are expected to be approximately $14M or 30% of revenue for Q3, primarily due to increased demand for its DDR4 RDIMM and LRDIMM solutions.
07:13 EDTOISOil States initiated with a Buy at ISI Group
Target $71.
06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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October 14, 2014
16:57 EDTSXLSunoco Logistics announces binding open season for Delaware Basin extension
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14:01 EDTPMPhilip Morris October volatility elevated into Q3 and guidance
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11:23 EDTPODDBIND Therapeutics and The Conference Forum hold a conference
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October 13, 2014
09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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08:52 EDTMHKUS Building Products & Homebuilding sector lowered at Barclays
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07:15 EDTWMTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
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