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Stock Market & Financial Investment News

News Breaks
March 12, 2014
12:26 EDTFCEL, PLUG, TSLA, WMTAnalyst sees FuelCell Energy poised for large deals
FuelCell Energy (FCEL) is poised to obtain "sizeable" contracts and could reach profitability, research firm Stifel wrote in a note to investors earlier today. FuelCell Energy develops fuel cell power plants. WHAT'S NEW: FuelCell's statements about large contracts during its first quarter earnings conference were "encouraging," wrote Stifel analyst Jeffrey Osborne. Specifically, the company said that it was "waiting on final customer and regulatory approval," adding that "inquiries and activity levels globally remain high," noted Osborne. FuelCell is well-positioned to obtain close to 100 megawatts of large scale projects in the U.S., the analyst believes. In coming months FuelCell will obtain "sizable" deals that will increase investors' interest in the stock and put the company on the path to profitability, forecast the analyst. Osborne hiked his price target on the stock to $4.10 from $2.30 and kept a Buy rating on the shares. Taking a much more pessimistic view on FuelCell was research firm Ardour, which downgraded the stock to Hold from Buy in a note to investors earlier today. FuelCell reported Q1 profits and revenue that were in-line with expectations, but its backlog continued to decline and its product gross margin fell, Ardour noted. WHAT'S NOTABLE: Recently the shares of fuel cell makers have spiked after Morgan Stanley speculated that a battery factory being launched by Tesla (TSLA) could enable utility customers to stop using the power grid. Additionally, fuel cell supplier Plug Power (PLUG) last month revealed that it had sold 1,738 hydrogen fuel cells to Wal-Mart (WMT). In a report published yesterday that was critical of Plug Power, Citron Research said the fair value of its stock is 50c and that "with no fundamental changes now or expected in its business model," Plug Power "has 'bust' written all over it." PRICE ACTION: In early afternoon trading, FuelCell fell 6c, or 1.5%, to $3.23. Since last Wednesday, March 6, FuelCell Energy's stock is up about 64%.
News For FCEL;PLUG;TSLA;WMT From The Last 14 Days
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October 15, 2014
14:37 EDTTSLAMichigan bill blocks Tesla from selling directly to consumers
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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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09:39 EDTWMTWal-Mart US CEO: Our first half was challenging and we need to improve traffic
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09:38 EDTTSLAActive equity options trading on open
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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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06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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06:39 EDTTSLATesla signs deal to build 200 more China charging stations, WantChinaTimes says
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October 14, 2014
16:00 EDTTSLAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
09:37 EDTTSLAActive equity options trading on open
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October 13, 2014
16:02 EDTTSLAOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
09:39 EDTTSLAActive equity options trading on open
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09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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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
17:21 EDTTSLATesla ahead of other car makers on semiautonomous driving system, WSJ says
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