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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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May 19, 2015
07:05 EDTWMTWal-Mart sees Q2 EPS $1.06-$1.18, consensus $1.17
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07:03 EDTWMTWal-Mart reports Q1 EPS $1.03, consensus $1.04
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May 18, 2015
15:35 EDTWMTWal-Mart May 79.5 weekly straddle priced for 2.4% movement into Q1
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15:15 EDTWMTWal-Mart May weekly volatility increases into Q1 and outlook
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15:00 EDTWMTNotable companies reporting before tomorrow's open
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14:35 EDTWMTWal-Mart technical comments ahead of results
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14:04 EDTWMTEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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07:21 EDTWMTWal-Mart Q1 should benefit from lower gas, stronger consumer, says Stephens
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06:30 EDTWMTWal-Mart to repair stores in labor dispute, Reuters reports
Wal-Mart said it would seek permits to rip up floors and replace plumping lines at five stores that justified its abrupt closure, reports Reuters. The move follows a union-backed complaint to the National Labor Relations Board last month after Wal-Mart temporarily closed the stores. The union accused the company for shutting down the stores to stop workers from organizing. Reference Link
May 15, 2015
14:43 EDTGMEGameStop May weekly volatility elevated into Q1 and outlook
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05:52 EDTGMEApril NPD video game software sales rose 13%, says Piper Jaffray
Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
May 14, 2015
07:58 EDTWMTWal-Mart risk/reward favorable into Q1 results, says Baird
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May 13, 2015
18:09 EDTWMTWal-Mart to launch $50 unlimited shipping service in summer, AP says
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13:28 EDTWMTWal-Mart set to launch Amazon Prime rival, The Information reports
Wal-Mart (WMT) is nearing the launch of a subscription fast-shipping service that will compete with Amazon Prime (AMZN), Amir Efrati of The Information reports, citing people involved with or briefed on the product. The service is an attempt to boost Wal-Mart's online business and should launch in the next few weeks after being pushed back for technical and other issues, Efrati adds. Shares of Amazon are down $2.63 to $428.39 in afternoon trading while Wal-Mart is down 66c to $78.30. Reference Link
13:23 EDTWMTWal-Mart set to launch rival to Amazon Prime, The Information reports
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07:06 EDTWMTAlibaba, Wal-Mart partner on consumer payments, China Daily reports
Alibaba (BABA) announced that it would partner with Wal-Mart (WMT) in China on consumer bill payments, according to China Daily. Under the deal, 25 Wal-Mart stores in the city of Shenzhen will enable consumers to pay their bills through Alibaba's payment service, and the arrangement will be gradually expanded to all of Wal-Mart's stores in China, the newspaper stated. Reference Link
May 12, 2015
09:14 EDTWMTApps World to hold a conference
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08:27 EDTWMTU.S. Chamber of Commerce to hold a summit
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May 10, 2015
14:12 EDTWMTWhole Foods stock unlikely to outperform in near-term, Barron's says
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May 8, 2015
06:02 EDTWMTWal-Mart expects to invest C$350M in Canadian market
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