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Stock Market & Financial Investment News

News Breaks
December 31, 2012
07:01 EDTSBUX, DF, K, GMCR, GISRepublicans fighting amongst themselves over farm bill, Politico reports
House Republican leaders were harshly criticized yesterday for proposing to extend the farm bill for just 30 days, in an attempt to prevent milk prices from jumping starting tomorrow, according to Politico. Among the critics was House Agriculture Committee Chairman Frank Lucas, who is also a Republican and was pushing for a longer term extension, the website noted. Reference Link
News For DF;GIS;K;SBUX;GMCR From The Last 14 Days
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May 29, 2015
08:46 EDTGMCRWedbush starts Keurig Green Mountain at Neutral, says pullback warranted
As previously reported, Wedbush initiated coverage of Keurig Green Mountain with a Neutral rating and $100 price target, as the firm believes ongoing questions around its Keurig 2.0 brewers and upcoming Kold machines will continue to be a drag. The firm thinks Keurig is unlikely to experience meaningful earnings acceleration while it spends to support both newer platforms. Keurig Green Mountain shares closed yesterday at $88.22.
06:30 EDTSBUXStarbucks initiated with a Buy at Deutsche Bank
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06:06 EDTGMCRKeurig Green Mountain initiated with a Neutral at Wedbush
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May 27, 2015
16:13 EDTGMCRDunkin' Brands, J.M. Smucker and Keurig Green Mountain launch K-Cup pod
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15:53 EDTSBUXStarbucks CEO says he's 'not going anywhere'
15:19 EDTSBUXStarbucks CEO says mobile payments exceeding company expectations
15:15 EDTSBUXStarbucks sees Teavana gaining traction
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May 20, 2015
14:48 EDTDFDean Foods CEO says milk prices should stay 'pretty benign'
Gregg Tanner is speaking on CNBC.
10:57 EDTGMCRKeurig Green Mountain calls active
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10:38 EDTGMCRRumor: Keurig Green Mountain active amid renewed Coke-Cola speculation
Shares of Keurig Green Mountain (GMCR) are active amid renewed speculation Coke-Cola (KO) will increase its stake in the company.
10:00 EDTGMCROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
08:18 EDTGMCR, SBUXKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
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07:31 EDTGMCRKeurig Green Mountain downgraded to Hold from Buy at Argus
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May 19, 2015
12:47 EDTK, GISEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Targetís business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailerís 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
07:13 EDTGISBarclays to hold a conference
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05:38 EDTGISGeneral Mills backs FY15 adjusted EPS to grow at low single-digits
FY15 EPS consensus of $2.83. Backs FY15 net sales to grow at low single-digit rate, consensus $17.86B.
May 18, 2015
17:07 EDTSBUXStarbucks establishes music partnership with Spotify
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10:25 EDTGMCRKeurig Green Mountain falls, levels to watch
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09:00 EDTSBUXStarbucks management to meet with JPMorgan
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May 17, 2015
19:11 EDTK, GISTarget to reduce advertising space for certain large brands, WSJ says
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