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Stock Market & Financial Investment News

News Breaks
March 18, 2014
09:15 EDTWMT, GMEWal-Mart news 'latest worry' for GameStop investors, says Oppenheimer
Oppenheimer views Wal-Mart's (WMT) entrance into the used video game marketplace as the "latest worry" for investors of GameStop (GME). The firm expects the news to be an overhang on shares of GameStop in the near-term, but it keeps an Outperform rating on the name. Opco believes GameStop has a "significant leg up" on any new entrant into the used video game market and that the company is likely to buy its own shares amid the stock sell-off.
News For GME;WMT From The Last 14 Days
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July 7, 2015
07:03 EDTWMTWal-Mart to hold a summit
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July 6, 2015
14:17 EDTWMTAmazon hopes to create new shopping holiday with 'Prime Day'
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07:36 EDTGMEGameStop management to meet with CL King
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06:25 EDTWMTWal-Mart to begin online grocery pickup service in Ottawa, Global and Mail says
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July 2, 2015
08:08 EDTWMTMcCormick should be bought on weakness, says Bernstein
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June 30, 2015
07:29 EDTWMTNon-profit group: Wal-Mart made deceptive ‘Made in the USA’ claims
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June 24, 2015
15:53 EDTGMESunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTGMEAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Street’s appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:36 EDTGMEElectronic Arts advances after analysts positive on E3 showing
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06:22 EDTWMTWal-Mart to charge fees to ‘almost all’ vendors, Reuters reports
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