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Stock Market & Financial Investment News

News Breaks
March 22, 2013
10:58 EDTFDO, WMT, DGFamily 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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July 2, 2015
16:53 EDTFDODollar Tree says receives FTC clearance to complete Family Dollar merger
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08:08 EDTWMTMcCormick should be bought on weakness, says Bernstein
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July 1, 2015
16:53 EDTFDOFamily Dollar reports Q3 adjusted EPS 74c, consensus 82c
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June 30, 2015
07:29 EDTWMTNon-profit group: Wal-Mart made deceptive ‘Made in the USA’ claims
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07:28 EDTFDODollar Tree shares poised to outperform, says Wells Fargo
Wells Fargo predicts that Dollar Tree will be re-ranked by quantitative investment models following its merger with Family Dollar (FDO), enabling Dollar Tree's stock to outperform. The firm predicts that Dollar Tree's P/E ratio will become much lower versus its peers after the merger closes. Wells keeps an Outperform rating on Dollar Tree.
June 25, 2015
09:21 EDTFDOFamily Dollar volatility low into Q1 and outlook
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08:01 EDTDGDollar General names John Garratt as interim CFO, effective July 1
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June 24, 2015
06:22 EDTWMTWal-Mart to charge fees to ‘almost all’ vendors, Reuters reports
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June 23, 2015
18:04 EDTWMTWal-Mart poaches technology talent from eBay, WSJ says
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16:29 EDTWMTOn The Fly: Top stock stories for Tuesday
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13:37 EDTWMTOn The Fly: Top stock stories at midday
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07:05 EDTWMTGreen Dot price target raised to $24 from $22 at Piper Jaffray
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06:31 EDTWMTGreen Dot contract terms better than feared, says JPMorgan
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June 22, 2015
19:00 EDTWMTOn The Fly: After Hours Movers
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16:33 EDTWMTGreen Dot rallies sharply on Walmart deal
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16:28 EDTWMTGreen Dot up 27% after announcing deal with Wal-Mart
16:02 EDTWMTGreen Dot to remain program manager for Walmart
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June 19, 2015
08:22 EDTWMTChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link

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