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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:58 EDTFDO, DG, WMTFamily Dollar falls after analysts express opposite views
Two research firms expressed different opinions on Family Dollar (FDO) in notes to investors earlier today. Deutsche Bank upgraded the stock to Buy from Hold, while Citigroup downgraded the shares to Neutral from Buy. Fears about future declines in the discount retailer's margins have probably peaked, according to Deutsche Bank analyst Paul Trussell. The company's selling, general and administrative expenses disappointed investors in the first quarter of the company's fiscal year, but investors are now well aware of the headwinds that caused the situation and the problems should ease going forward, Trussell believes. Meanwhile, fears about a price war among dollar store companies is overdone, and Family Dollar is taking market share from Wal-Mart (WMT), according Deutsche's analyst, who added that Family Dollar has begun to benefit from tax refunds. Trussell expects the company's same-store sales to rise 4.3% in the second half of the year and he set a $71 price target on the shares. Conversely, Citigroup analyst Deborah Weinswig expects Family Dollar to have more difficulty beating analysts' earnings expectations going forward. The retailer's margins are likely to be hurt by stronger sales of less profitable items, according to the Citi analyst. Moreover, Family Dollar's "single store format" is hurting the company's ability to compete against Dollar General (DG), which has two expanded store formats, Weinswig wrote. She trimmed her price target on Family Dollar to $65 from $69. In mid-morning trading, Family Dollar fell 95c, or 1.5%, to $60.80.
News For FDO;DG;WMT From The Last 14 Days
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August 14, 2014
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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August 13, 2014
15:05 EDTWMTNotable companies reporting before tomorrow's open
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12:44 EDTWMTEarnings Preview: Wal-Mart sees Q2 EPS $1.15-$1.25, U.S. SSS flat
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12:03 EDTWMTWal-Mart technical comments ahead of results
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August 12, 2014
09:04 EDTWMTWal-Mart August volatility elevated into Q2 and outlook
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08:37 EDTWMTWal-Mart CEO taking steps to improve business longer-term, says RW Baird
Baird does not expect Wal-Mart's Q2 earnings to be a catalyst for the stock, but the firm believes the company is taking the appropriate steps to grow the business long term. The firm sees a moderation in foreign exchange headwinds and the potential for improving fundamentals across the second half of the year and keep its Outperform rating and $84 price target on the shares.
08:03 EDTWMTGoldman's Retail selections for Q2
Goldman is most above Q2 consensus for Advance Auto Parts (AAP), Best Buy (BBY) and Williams-Sonoma (WSM), sees best risk/reward in Ulta Salon (ULTA) and Sportsman's Warehouse (SPWH), and low visibility in Dick's Sporting (DKS) and Wal-Mart (WMT).
07:36 EDTDG, FDODollar Tree filing shows Family Dollar talks underway before Icahn involvement
A regulatory filing explaining the history of the merger agreement between Dollar Tree (DLTR) and Family Dollar (FDO) showed that, on February 24, a representative of Dollar Tree's financial advisor, JPMorgan, made a telephone call to a representative of Morgan Stanley to express Dollar Tree's interest in discussing a potential business combination transaction with Family Dollar. The filing also states that on June 6 Carl Icahn and certain of his affiliates filed a Schedule 13D disclosing that together they beneficially owned approximately 9.39% of the then-outstanding shares of Family Dollar common stock and that they wished to discuss with Family Dollar its business and strategies to enhance stockholder value. That day, Icahn telephoned Howard Levine, Chairman and CEO of Family Dollar, to discuss the Schedule 13D filing and to express an interest in additional communications with Family Dollar's management regarding the company's current operations and future plans, including potential strategic opportunities and potential business combination transactions. Levine asked Icahn whether he would be willing to sign a non-disclosure agreement and Icahn declined, the filing stated. Additionally on June 6, a member of the board of directors of "Company A" emailed Levine to suggest that they speak. On June 7, Levine and the member of the board of directors of Company A had a telephone conversation, during which the representative of Company A "indicated that Company A would be reluctant to participate in the negotiation of a transaction with Family Dollar if Mr. Icahn were to have a role in or control over the process," the filing states, without identifying Company A. Many, including the Wall Street Journal, have surmised that "Company A" in the filing may refer to Dollar General (DG).
August 11, 2014
10:19 EDTWMTOn The Fly: Analyst Downgrade Summary
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05:37 EDTWMTWal-Mart downgraded to Hold from Buy at Jefferies
Jefferies downgraded its rating on Wal-Mart (WMT) shares to Hold from Buy saying the retailer's investment spending may not be yielding positive results. The firm sees risk to Wal-Mart's annual guidance from elevated expenses and lackluster sales. It dropped its price target for shares to $76 from $89. The stock closed Friday up 72c to $74.67.
August 9, 2014
16:17 EDTWMTChina regulators investigate Wal-Mart store in Shenzhen, Reuters says
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August 8, 2014
10:36 EDTFDOOptions with increasing implied volatility
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09:37 EDTWMTActive equity options trading on open
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August 7, 2014
10:51 EDTFDOOptions with increasing implied volatility
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August 6, 2014
09:51 EDTDG, FDODollar General bid for Family Dollar a low probability, says FBR Capital
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07:55 EDTWMTWal-Mart International chief prioritizing China, Brazil, e-commerce, WSJ reports
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07:47 EDTWMTRetailers pare store openings as shopper visits slide, WSJ says
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