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Stock Market & Financial Investment News

News Breaks
March 28, 2014
09:07 EDTM, FINLFinish Line sees Macy's partnership generating $175M-$195M in sales this FY
Says optimistic about near and long-term growth prospects. Says will improve digital capabilities. Says will continue with mutli-year core upgrade to supply chain systems. Says will ramp up Macy's (M) partnership by opening up 220 more doors this year, says plans to complete rollout ahead of holiday season. Says committed to returning capital to shareholders. Says Macy's is expected to be "modestly accretive" this year. Sees Running Specialty Group breakeven this year. Sees FY CapEx $90M-$95M.
News For FINL;M From The Last 14 Days
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November 30, 2015
14:19 EDTMMastercard: Online up, department stores flat over Thanksgiving, Reuters reports
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11:14 EDTMStocks with call strike movement; AMZN M (AMZN) February 780 call option implied volatility increased 2% to 34, Macy's (M) February 46 call option implied volatility increased 2% to 34 according to iVolatility.
November 27, 2015
10:51 EDTMOptions with increasing volume; OLED BURL CLVS M ACAS WBA NTES
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08:26 EDTMAdobe says U.S. e-commerce sales surged on Thanksgiving, Bloomberg reports
Adobe Systems estimated that online shoppers in the U.S. spent $1.1B by 5 pm ET on Thanksgiving and projected that $1.7B would be spent in online shopping by day's end, a 22% jump from last year, reported Bloomberg. Major e-commerce players that may benefit from the surge in spending include (AMZN) and eBay (EBAY), while companies with omnichannel presences including e-commerce and brick-and-mortar locations include Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Macy's (M). Reference Link
November 22, 2015
13:42 EDTMMacy's shares look too cheap to ignore, Barron's says
Shares of Macy's look inexpensive, and long-term investors could realize double-digit annual returns as the company "gets back on track" over the next 12-18 months, Barron's contends in a 'Trader Extra' column. Reference Link
November 20, 2015
19:01 EDTMMacy's management to meet with JPMorgan
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November 19, 2015
10:00 EDTFINLOn The Fly: Analyst Initiation Summary
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November 18, 2015
19:27 EDTFINLFinish Line initiated with a Market Perform at Wells Fargo
Wells Fargo initiated Finish Line with a Market Perform rating and a valuation range of $17 to $18 on shares.
09:08 EDTMTJX benefitting from off-price retail market growth, WSJ says
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November 17, 2015
10:11 EDTMOptions with decreasing implied volatility
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10:01 EDTFINLUnder Armour, Nike slide after Dick's outlook misses expectations
Shares of Under Armour (UA) and Nike (NKE) slipped after Dick's Sporting Goods (DKS) provided guidance for the fourth quarter and fiscal 2015 that both missed consensus estimates. WHAT'S NEW: Dick's Sporting Goods reported Q3 adjusted earnings per share of 45c on revenue of $1.64B, mostly in-line with analyst estimates of 47c on revenues of $1.64B. The company guided for Q4 EPS of $1.10-$1.25, short of the consensus estimate of $1.43. Dick's also said it anticipates FY15 adjusted EPS of $2.85-$3.00, lower than current analyst expectations of $3.19. STREET RESEARCH: Following the report, Baird analyst Justin Kleber said that Dick's Sporting Goods is the "strongest player" in its segment, which should enable the company to grow its sector-leading 10% market share at the expense of smaller competitors. The analyst added that profitability for the company should improve as volumes increase and as the company leverages its store base to fulfill further orders. Kleber said that Dick's Sporting Goods' e-commerce business will be more profitable than its brick-and-mortar business by 2017. The analyst maintained a Neutral rating and $48 price target on Dick's Sporting Goods' stock. PRICE ACTION: In morning trading, Dick's Sporting Goods dropped 17.5% to $33.67, while supplier Under Armour fell 5.6% to $84.95 and Nike was down 2% to $121.08. Dick's peers fell as well, with Finish Line (FINL) dropping 1%, Foot Locker (FL) slid 1.3% and Cabela's (CAB) dipping marginally in morning trading.

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