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Stock Market & Financial Investment News

News Breaks
February 19, 2014
12:34 EDTWMT, DLTR, FDO, DGFamily Dollar rallies after analyst talks merits of Wal-Mart buyout
Acquiring Family Dollar (FDO) could be worthwhile for Wal-Mart (WMT), a Credit Suisse analyst indicated in a note to investors earlier today. WHAT'S NEW: Wal-Mart has suggested that it needs to open more small stores in the U.S., and developing a "small store strategy" will be a top priority for the retail giant's new CEO, Doug McMillon, Credit Suisse analyst Michael Exstein wrote in a note to investors earlier today. The "most logical way" for Wal-Mart to meet this goal may be by buying Family Dollar (FDO), Exstein stated. Wal-Mart has lower geographic overlap with Family Dollar than with Dollar General (DG) and Dollar Tree (DLTR), the analyst reported. As a result, the Federal Trade Commission may be more likely to approve a Wal-Mart-Family Dollar combination than an acquisition of either of the other two companies by Wal-Mart, the analyst stated. Wal-Mart could buy Family Dollar for $78-$82 per share and still make the deal immediately accretive, wrote the analyst. He kept an $87 price target and Outperform rating on Wal-Mart. WHAT'S NOTABLE: Family Dollar is not currently holding any talks about selling itself, CNBC's David Faber reported this morning following Exsteinís note. PRICE ACTION: In early afternoon trading, Family Dollar climbed 1.9% to $65.80, while Wal-Mart fell 0.8% to $74.75.
News For FDO;WMT;DG;DLTR From The Last 14 Days
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March 26, 2015
10:01 EDTWMTWal-Mart volatility flat into U.S. strategic update
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09:02 EDTWMTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
08:08 EDTWMTStratasys' MakerBot expands 3D printer sales to Sam's Club locations
MakerBot (SSYS) says it recently started selling the MakerBot Replicator Mini Compact 3D Printer at more than 300 Samís Club (WMT) retail locations across the United States.
March 23, 2015
06:57 EDTWMTWal-Mart, Trinity church courtcase scheduled for April 8, WSJ says
A U.S. appeals court on April 8 will decide whether Wal-Mart shareholder Trinity church can force the company to hold a shareholder vote on gun sales, reports the Wall Street Journal. Wal-Mart maintains that what it chooses to sell in its stores is a matter of "regular business" and is not subject to shareholder review. Cornell law professor Lynn Stout and three dozen of her peers have submitted friend of the court briefs to support Trinity, which won an initial case against Wal-Mart in November. Reference Link
March 22, 2015
18:22 EDTWMTWal-Mart shareholders allowed to vote for independent chairman, Reuters says
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March 20, 2015
15:28 EDTDGDollar General management to meet with Sterne Agee
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March 19, 2015
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
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March 18, 2015
09:36 EDTWMTActive equity options trading on open
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March 17, 2015
16:58 EDTDGGIC Private Limited reports 5.02% passive stake in Dollar General
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March 16, 2015
06:16 EDTWMTWal-Mart to sell Tide rival Persil in stores, WSJ reports
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March 13, 2015
11:27 EDTDLTR, FDODollar Tree says FTC has identified 250 stores for divestiture to date
Dollar Tree (DLTR) disclosed in a regulatory filing that, as of March 10, the FTC has identified approximately 250 stores for divestiture, representing approximately $34M of operating income, related to the company's planned acquisition of Family Dollar (FDO). "We expect the FTC to substantially complete its review of all remaining stores in the near future. We continue to estimate that no more than roughly 300 stores will be required to be divested, although we can give no assurance as to the exact number and it could be more or less than 300. In parallel, we have made good progress with divestiture buyers and have received multiple indications of interest from buyers, each of whom intend to operate these divested locations as dollar stores to address the FTC's concerns. We will work to secure FTC approval and finalize divestiture agreements with the selected bidder(s) as soon as practical," the company added. Dollar Tree note that it is working to close the proposed merger as early as April, but it is uncertain whether the FTC will approve the transaction by that date.
08:15 EDTDGDollar General price target raised to $84 from $79 at UBS
UBS raised its price target on Dollar General to $84 from $79 following its Q4 report, citing accelerating square footage growth, visible comp drivers, stable gross margins, and its capital return strategy. UBS reiterated its Buy rating on Dollar General shares.
08:09 EDTDGDollar General price target raised to $87 from $75 at Jefferies
Jefferies raised its price target for Dollar General to $87 after management announced a plan to speed up store growth in FY17 to 7%. The firm believes better sales and store growth, the $1.3B buyback plan for this year and the initiation of a dividend should drive the stock higher. It keeps a Buy rating on the name.
March 12, 2015
10:33 EDTFDO, DGDollar General says making 'solid progress' in CFO search
Dollar General (DG) says has "very promising future" despite failure to acquire Family Dollar (FDO). Says plans to return approx. $1.6B to shareholders during 2015 via dividend, repurchases. Says West Coast port slowdown negatively impacted Q4 by approx. 2c. Says items priced $1-$5 now 76% of sales. Says "cautiously optimistic" for core customers in 2015, says consumers more positive. Sees possible drag to Q1 earnings of 1c-2c per share from West Coast port slowdown. Says business model has "proven resilient." Says making "solid progress" in CFO search, sees CFO appointed in "short period of time." Comments made on the Q4 earnings conference call. Dollar General is up 3.08% to $73.65 in mid-morning trading.
09:21 EDTDGOn The Fly: Pre-market Movers
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07:48 EDTWMTMcCormick downgraded at Bernstein
As noted earlier, Bernstein downgraded McCormick (MKC) to Market Perform from Outperform. The firm downgraded the stock based on the discounts that Wal-Mart (WMT) is placing on the company's 5th Season brand. Target remains $81.
07:04 EDTDGDollar General sees FY15 EPS $3.85-$3.95, consensus $3.99
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07:03 EDTDGDollar General says board approved initiation of 22c dividend
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07:02 EDTDGDollar General announces EVP, CFO David Tehle to retire, effective July 1
Dollar General Corporation announced that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1. Dollar General has started a search for a successor and will consider both internal and external candidates for the job.
07:01 EDTDGDollar General reports Q4 EPS $1.17, consensus $1.17
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