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Stock Market & Financial Investment News

News Breaks
March 18, 2014
10:14 EDTWMT, GMEGameStop drops after Wal-Mart announces used game trade-in plan
Shares of video game retailer GameStop (GME) are sliding after Wal-Mart (WMT) announced that customers would be able to trade in their used video games in return for store credit. Two research firms, however, remained largely upbeat on GameStop's outlook. WHAT'S NEW: Wal-Mart earlier this morning announced that customers will be able to trade in their used video games and use the store credit received on any other products sold by the company. Wal-Mart said it would accept thousands of games under the program, which will kick off next week on March 26. The retail giant added that it would sell the used games it receives. GameStop sells both new and used video games. ANALYST REACTION: In a note to investors earlier today, Robert W. Baird analyst Colin Sebastian said he saw little or no evidence that competition in the used game business would hurt GameStop's financial results. Wal-Mart and at least five other major retailers have tried in the past to enter the used video game market, but have met with only modest success, the analyst wrote. It's difficult to launch a profitable used game business, according to the analyst, who kept a $55 price target and Outperform rating on GameStop. Meanwhile, Oppenheimer analyst Brian Nagel thinks the news will weigh on GameStop's shares in the near-term. However, over the long-term, Nagel believes that GameStop has a "significant leg up" on any new entrant into the used video game market. Nagel kept a $47 price target and Outperform rating on GameStop. PRICE ACTTION: In early morning trading, GameStop fell $1.97, or 5%, to $37.78. Wal-Mart shares were fractionally higher near $74.83.
News For GME;WMT From The Last 14 Days
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March 26, 2015
16:08 EDTGMEGameStop sees FY15 EPS $3.60-$3.80, consensus $4.04
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16:07 EDTGMEGameStop sees Q1 EPS 53c-60c, consensus 66c
Sees Q1 revenue growth -2% to 1%, consensus $2.13B.
16:05 EDTGMEGameStop reports Q4 adjusted EPS $2.15, consensus $2.17
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15:51 EDTGMEGameStop March weekly 39 straddle priced for 10.2% movement into Q4
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15:20 EDTGMENotable companies reporting after market close
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13:19 EDTGMEGameStop technical comments ahead of results
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12:49 EDTGMEGameStop volatility elevated into Q4 and outlook
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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.
06:32 EDTGMEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
13:00 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
GameStop March weekly call option implied volatility is at 133, April is at 54, May is at 41, July is at 35; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 26.
March 24, 2015
08:45 EDTGMEGameStop should be bought on any guidance-related weakness, says Oppenheimer
Oppenheimer believes that GameStop's stock may fall when it provides its 2015 guidance after the close on Thursday, as the firm believes that the stronger dollar may weigh on the company's EPS somewhat, while the company may look to issue beatable guidance. The firm says that video game data has been positive recently, while the stock's valuation is "accomodative." It keeps an Outperform rating on the name.
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
07:37 EDTGMEGameStop should be bought if pulls back after Q4 report, says RW Baird
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March 19, 2015
08:43 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
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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 16, 2015
06:16 EDTWMTWal-Mart to sell Tide rival Persil in stores, WSJ reports
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