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Stock Market & Financial Investment News

News Breaks
March 12, 2014
12:26 EDTTSLA, PLUG, WMT, FCELAnalyst 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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August 18, 2015
09:39 EDTWMTActive equity options trading on open
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09:33 EDTWMTMarket moves lower at open
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09:23 EDTWMTOn The Fly: Pre-market Movers
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09:12 EDTWMTWal-Mart trading short-term pain for long-term gain, says Baird
Baird said Wal-Mart's Q2 results fell below expectations due to higher SG&A and softer gross margins caused by investments made to sustain top-line momentum. The firm feels the company is trading short-term P&L pain for long-term profit gain. Baird maintained its Outperform rating and $86 price target on Wal-Mart shares.
07:28 EDTWMTWal-Mart sees forex impacting FY16 EPS by approx. 15c per share
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07:23 EDTWMTWal-Mart see Q3 Sam's Club SSS flat to up 2% ex-fuel
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07:21 EDTWMTFutures suggesting slightly lower open
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07:21 EDTWMTFutures suggesting slightly lower open
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07:21 EDTWMTWal-Mart says 'optimistic' about prospects in China despite softening economy
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07:19 EDTWMTWal-Mart sees Q3 U.S. SSS up 1%-2%
Says U.S. introducing 8,000 new department manager positions. Says U.S. grocery home shopping pilots remain under way, says "encouraged" by performance of Neighborhood Markets format. Sees Q3 U.S. SSS up approx. 1%-2% vs. up 0.5% last year.
07:16 EDTWMTWal-Mart sees U.S. comps accelerating in short-term
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07:13 EDTWMTWal-Mart trades lower on outlook
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07:08 EDTWMTWal-Mart says updated FY16 EPS range includes headwinds in U.S. business
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07:06 EDTWMTWal-Mart sees operating profit pressured for remainder of year
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07:05 EDTWMTWal-Mart reports Q2 total revenue $120.2B, constant currency basis rev. $124.5B
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07:04 EDTWMTWal-Mart reports Q2 e-commerce sales up approx. 16%
E-commerce sales globally increased approximately 16% on a constant currency basis. Gross merchandise value, or GMV, increased approximately 18% on a constant currency basis. Q2 earnings were pressured by currency fluctuations, lower Walmart U.S. margins and investments in customer experience. Consolidated operating income declined 10%. CEO Doug McMillion says, "We're pleased that the investments we've made are helping to improve our business. Even if it's not as fast as we would like, the fundamentals of serving our customers are consistently improving, and it's reflected in our comps and revenue growth. In this case, our desired changes require investments, which are pressuring earnings this year. We're confident that our strategic plan will create robust sustainable growth for shareholder returns over time."
07:03 EDTWMTWal-Mart sees Q3 EPS 93c-$1.05, consensus $1.08
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07:03 EDTWMTWal-Mart cuts FY16 EPS view to $4.40-$4.70 from $4.70-$5.05
Consensus is $4.77.
07:02 EDTWMTWal-Mart reports Q2 EPS $1.08, consensus $1.12
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06:12 EDTWMTWal-Mart implied volatility of 23 at upper end of index
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