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Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:54 EDTGDOT, WMT, AXPGreen Dot rises after firm says company holding its own against Amex
Green Dot (GDOT), which provides prepaid debit cards, is climbing after research firm Piper Jaffray wrote that the company appears to be holding its own against a new competing offering from American Express (AXP). In a note to investors earlier today, Piper analyst Michael Grondahl wrote that the firm's survey of 75 Wal-Mart (WMT) stores indicated that American Express' (AXP) new debit card, Bluebird, is taking a significant amount of market share in only 15% of the stores, the analyst wrote. Forty-five percent of the stores that responded said that Green Dot hadn't lost any ground to American Express, while 40% said that Green Dot has been negatively impacted, but that its debit card is still selling well, the analyst wrote. Grondahl maintained an Overweight rating on Green Dot, which climbed 27c, or 2.19%, to $12.62.
News For GDOT;AXP;WMT From The Last 14 Days
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June 19, 2013
10:01 EDTGDOTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Coca-Cola (KO) initiated with an Outperform at Credit Suisse... Dr Pepper Snapple (DPS) initiated with a Neutral at Credit Suisse... Keryx (KERX) initiated with an Overweight at JPMorgan... Neurocrine Biosciences (NBIX) initiated with an Outperform at Oppenheimer... PepsiCo (PEP) initiated with a Neutral at Credit Suisse... Superior Energy (SPN) initiated with an Outperform at Cowen... Chambers Street Properties (CSG) initiated with a Neutral at Ladenburg... Synergy Resources (SYRG) initiated with an Outperform at Iberia... Callidus Software (CALD) initiated with a Buy at Lake Street... Teva (TEVA) initiated with a Buy at Maxim... Ubiquiti Networks (UBNT) initiated with an Outperform at JMP Securities... Vantiv (VNTV) initiated with an Overweight at Morgan Stanley... Visa (V) initiated with an Overweight at Morgan Stanley... MasterCard (MA) initiated with an Overweight at Morgan Stanley... Global Payments (GPN) initiated with an Underweight at Morgan Stanley... Green Dot (GDOT) initiated with an Underweight at Morgan Stanley... Total System (TSS) initiated with an Equal Weight at Morgan Stanley... MoneyGram (MGI) initiated with an Equal Weight at Morgan Stanley... Heartland Payment (HPY) initiated with an Equal Weight at Morgan Stanley... FleetCor (FLT) initiated with an Equal Weight at Morgan Stanley... Western Union (WU) initiated with an Equal Weight at Morgan Stanley... CorEnergy (CORR) initiated with an Outperform at Wells Fargo.
07:35 EDTGDOTGreen Dot initiated with an Underweight at Morgan Stanley
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07:09 EDTWMTWal-Mart plays catch up to Amazon.com, WSJ reports
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06:08 EDTWMTOn the Fly: Periodicals Wrap-Up
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June 17, 2013
15:29 EDTWMTGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
12:04 EDTAXPAmerican Express reports May net write-off rate 1.9% vs. 2.1% last month
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June 15, 2013
17:46 EDTWMTWal-Mart appoints Cash as new presiding director, Reuters says
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June 14, 2013
10:10 EDTAXPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:21 EDTWMTClinton Global Initiative to host to host a meeting
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06:14 EDTAXPAmerican Express downgraded to Equal Weight from Overweight at Barclays
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June 13, 2013
10:05 EDTAXPOn The Fly: Analyst Initiation Summary
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09:30 EDTWMTClinton Global Initiative to host to host a meeting
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05:55 EDTAXPAmerican Express initiated with a Perform at Oppenheimer
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05:48 EDTWMTWal-Mart increases hiring but uses temps, Reuters reports
In recent months, Wal-Mart Stores has been only hiring temporary workers at many of its U.S. stores, the first time the major retailer has done so outside of the holiday shopping season, reports Reuters.Reference Link
June 12, 2013
16:54 EDTWMTH&R Block not renewing relationship with Wal-Mart
On its Q4 earnings call H&R Block (HRB) stated that it was not renewing its relationship with Wal-Mart (WMT), saying it was an economic and operational decision. Results in this channel did not meet the company's expectations and H&R Block is confident that it can serve its clients better in its other 10,000 plus neighborhood locations. H&R Block does not expect its decision to exit Walmart locations to have a material impact on results going forward.
June 11, 2013
10:16 EDTGDOTGreen Dot management to meet with JMP Securities
Meeting to be held in Chicago on June 12 hosted by JMP Securities.
07:27 EDTAXPCommercial Payments International to host a conference
EMEA Middle Market Conference 2013 is being held in London, England on June 11.
June 10, 2013
10:52 EDTWMT, GDOTGreen Dot rises after taking over Wal-Mart prepaid cards from GE
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08:52 EDTWMT, GDOTGreen Dot to acquire GE Bank prepaid cards with 'Walmart' branding
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08:47 EDTWMT, GDOTGreen Dot to acquire GE Bank 'Walmart' marked prepaid cards
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