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Stock Market & Financial Investment News

News Breaks
May 23, 2014
11:04 EDTSNE, MSFT, WMT, GMEGameStop advances after profits beat expectations, outlook backed
Shares of multichannel video game retailer GameStop (GME) are rising this morning after the company reported better than expected first quarter profits and backed its fiscal 2014 guidance. WHAT'S NEW: GameStop reported Q1 earnings per share of 59c, which beat analysts' consensus estimate of 57c, and revenue of $2B, which was relatively in-line with an estimate of $2.03B. Consolidated comparable sales for the quarter increased 5.8%. For the quarter, the new hardware category grew 81.1% from the year-ago period, driven by strong worldwide consumer demand for Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One. The company said total market sales in the U.S. from launch through April of XBox One and PS4 hardware more than doubled the combined sales of Xbox 360 and PlayStation 3 hardware through their first six months of sales. Looking ahead, the company backed its fiscal year 2014 EPS view of $3.40-$3.70. The consensus forecast of analysts for FY14 EPS prior to the report was $3.68. Full year SSS are expected to be up 6%-12%. The company also forecast second quarter EPS of 12c-20c with SSS up 12%-19%. The consensus forecast for Q2 EPS prior to the report was 17c. WHAT'S NOTABLE: On its earnings conference call, GameStop CEO Paul Raines said the company is seeing "stronger" demand for the Xbox One as a result of the console's recent price drop last week, adding that the good news for the company is "we'll sell a lot more units." Also during the call, an analyst asked if GameStop's business has been impacted from Wal-Mart (WMT) recently entering the used game space. Raines said the company has not seen any impact from competitors entering the used game space and commented that "I would encourage you to go do some trades at all of our competitors, because I think all of them are in the trade business. We have a deep knowledge of how execution looks at all of those competitors and we do not have any impact from them." PRICE ACTION: GameStop is trading up $1.85, or about 5%, to $38.74 in mid-morning trading.
News For GME;MSFT;SNE;WMT From The Last 14 Days
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August 18, 2015
07:16 EDTWMTWal-Mart sees U.S. comps accelerating in short-term
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07:13 EDTWMTWal-Mart trades lower on outlook
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07:08 EDTWMTWal-Mart says updated FY16 EPS range includes headwinds in U.S. business
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07:06 EDTWMTWal-Mart sees operating profit pressured for remainder of year
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07:05 EDTWMTWal-Mart reports Q2 total revenue $120.2B, constant currency basis rev. $124.5B
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07:04 EDTWMTWal-Mart reports Q2 e-commerce sales up approx. 16%
E-commerce sales globally increased approximately 16% on a constant currency basis. Gross merchandise value, or GMV, increased approximately 18% on a constant currency basis. Q2 earnings were pressured by currency fluctuations, lower Walmart U.S. margins and investments in customer experience. Consolidated operating income declined 10%. CEO Doug McMillion says, "We're pleased that the investments we've made are helping to improve our business. Even if it's not as fast as we would like, the fundamentals of serving our customers are consistently improving, and it's reflected in our comps and revenue growth. In this case, our desired changes require investments, which are pressuring earnings this year. We're confident that our strategic plan will create robust sustainable growth for shareholder returns over time."
07:03 EDTWMTWal-Mart sees Q3 EPS 93c-$1.05, consensus $1.08
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07:03 EDTWMTWal-Mart cuts FY16 EPS view to $4.40-$4.70 from $4.70-$5.05
Consensus is $4.77.
07:02 EDTWMTWal-Mart reports Q2 EPS $1.08, consensus $1.12
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06:12 EDTWMTWal-Mart implied volatility of 23 at upper end of index
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August 17, 2015
16:00 EDTMSFTOptions Update; August 17, 2015
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15:03 EDTWMTWal-Mart August 72 straddle priced for 3.6% movement into Q2
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14:48 EDTWMTNotable companies reporting before tomorrow's open
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14:08 EDTWMTWal-Mart August volatility increases into Q2 and outlook
Wal-Mart August call option implied volatility is at 41, September is at 23, October is at 20; compared to its 52-week range of 10 to 21 suggesting large price movement into the expected release of Q2 results on Aug 18.
12:44 EDTWMTEarnings Watch: Wal-Mart down more than 9% over last three months
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
07:39 EDTMSFTTMC to hold a conference
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07:29 EDTWMTWal-Mart dividend and valuation provides support, says Baird
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07:21 EDTWMTWal-Mart coverage transitioned with an Overweight at Stephens
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August 16, 2015
18:42 EDTWMTSam's Club to target high-end shoppers, WSJ says
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