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Stock Market & Financial Investment News

News Breaks
January 10, 2014
05:36 EDTGPS, FDO, LB, SHLDLow-end retailers struggle as customers remain pressured, WSJ reports
As the outlook for the U.S. economy has improved, the results show that the slightly rising tide isn't lifting all boats. Retailers catering to lower income consumers had a rough holiday. Those shoppers remain under pressure from tepid job growth, stagnant wages, higher payroll taxes and the loss of government assistance programs like food stamps, reports the Wall Street Journal.Reference Link
News For FDO;SHLD;LB;GPS From The Last 14 Days
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February 26, 2015
08:12 EDTFDODollar Tree price target raised to $89 from $79 at UBS
UBS raised its price target on Dollar Tree (DLTR) to $89 from $79 following Q4 results which reinforced that the company has a strong, multi-year growth story. The firm cited its profitable margin profile, strong comps, and the potential to reformat hundreds of Family Dollar (FDO) stores.
07:27 EDTFDOStifel downgraded Dollar Tree on valuation, integration risks
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07:18 EDTLBL Brands weakness a buying opportunity, says Wunderlich
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06:44 EDTSHLDSears says targeting REIT formation in May or June
Sears said "We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business. To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year. We are currently targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2B. The REIT itself would be funded by equity and debt with the equity raised through a rights offering. The subscription rights would be distributed pro rata to all stockholders of record of the company, and every stockholder would have the right to participate, except that holders of the company's restricted stock that is unvested as of the record date would be expected to receive cash awards in lieu of subscription rights."
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
18:24 EDTLBOn The Fly: After Hours Movers
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16:09 EDTLBL Brands sees February SSS up in mid-single digit range
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16:08 EDTLBL Brands sees Q1 EPS 50c-55c, consensus 62c
16:08 EDTLBL Brands sees 2015 EPS $3.45-$3.65, consensus $3.83
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16:07 EDTLBL Brands reports Q4 EPS $1.89, consensus $1.80
Reports Q4 revenue $4.07B, consensus $4.03B. Comparable store sales for Q4 increased 6%.
15:37 EDTLBL Brands technical notes before earnings
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15:05 EDTSHLDNotable companies reporting before tomorrow's open
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15:05 EDTLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
10:10 EDTGPSBofA/Merrill retail analysts hold an analyst/industry conference call
Head of European General Retail Equity Research Steegers, along with Head of U.S. General Retail Equity Research Hutchinson, discuss the global apparel sector, focusing on international expansion, pricing and sustainability of margins and returns on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:33 EDTFDODollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTFDODollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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08:36 EDTLBL Brands volatility flat into Q4 and outlook
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February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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10:16 EDTGPSGap weekly volatility increases into Q4 and spring outlook
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