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Stock Market & Financial Investment News

News Breaks
December 18, 2012
12:39 EDTGPSGap announces plans to open first stand-alone stores in Brazil
Gap announced plans for the first stand-alone Gap stores in Brazil as part of the company's continuing global expansion strategy. Gap Inc. signed an agreement with Tudo Bom Comercio Ltda. for the planned opening of the first stores in the fall of 2013. Gap Inc. plans to expand its store base in the country over the next five years, part of its strong platform of growth in the Brazilian retail market. "Brazil is a critical next step in our global expansion strategy and we are excited to introduce our store experience to customers," said Stefan Laban, Managing Director of Strategic Alliances, Gap Inc. "Given that Brazil is the fifth largest country in the world and the largest Latin American economy, we feel that this market provides us with an incredible growth opportunity." Previously, Gap offered its products solely through duty-free channels throughout Brazil. The first Gap stores will open in Sao Paulo, the country's largest city followed by Rio de Janerio. The stores will house Gap, GapKids and babyGap collections.
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August 22, 2014
10:19 EDTGPSGap hits a fresh 52-week high, levels to watch
Following an earnings beat last night after the close, the shares have traded to a fresh 52-week high at $45.46. That move may presage a climb to the life highs in the higher $40s. Next resistance above the new high is at $46.18. Support is at $44.68.
10:01 EDTGPSOn The Fly: Analyst Upgrade Summary
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09:07 EDTGPSGap valuation very attractive, says Sterne Agee
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09:05 EDTGPSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: GameStop (GME), up 7.1%... Foot Locker (FL), up 3%... Qunar (QUNR), up 6.9%... The Fresh Market (TFM), up 6.5%... Ross Stores (ROST), up 3.8%. ALSO HIGHER: El Pollo Loco (LOCO), up 5.3% after signing franchisee to 20 unit expansion agreement in Texas... Gap (GPS), up 2.8% after upgraded at Janney Capital following Q2 results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015. DOWN AFTER EARNINGS: Aeropostale (ARO), down 8%... Ann Inc (ANN), down 2.7%. ALSO LOWER: Ampio (AMPE), down 4.4% after downgraded at Jefferies...
07:38 EDTGPSGap well positioned for upside, says UBS
UBS said Gap is well positioned for second half upside citing its Omni-channel advantage, shift to higher margin businesses, increased square footage, and modestly positive cops driven by ecommerce. Shares of Gap are Buy rated with a $50 price target.
07:16 EDTGPSGap upgraded at Janney Capital
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06:20 EDTGPSGap upgraded to Buy from Neutral at Janney Capital
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August 21, 2014
18:22 EDTGPSOn The Fly: After Hours Movers
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16:06 EDTGPSGap announces plans to open first franchise-operated Gap stores in India in 2015
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16:05 EDTGPSGap raises FY14 EPS view to $2.95-$3.00, consensus $2.95
The company updated its guidance forFY14 diluted EPS to be in the range of $2.95-$3.00, to reflect the 5c related to the gain on asset sale. For FY14, the company continues to expect capital spending to be approximately $750M in support of its outlined strategies.
16:01 EDTGPSGap reports Q2 EPS 75c, consensus 69c
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15:15 EDTGPSNotable companies reporting after market close
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August 11, 2014
10:19 EDTGPSOn The Fly: Analyst Initiation Summary
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07:07 EDTGPSGap initiated with a Neutral at Credit Suisse
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August 8, 2014
18:07 EDTGPSGap shares poised to rise, Barron's reports
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09:15 EDTGPSOn The Fly: Pre-market Movers
HIGHER: NVIDIA (NVDA), up 4.2%, upgraded at Needham following its better than expected Q2 results... Arista Networks (ANET), up 8%, upgraded at Citigroup following better than expected Q2 results, announcing an expanded strategic relationship with VMware (VMW)... Tekmira Pharmaceuticals (TKMR), up 17.5% after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on its TKM-Ebola treatment to a partial clinical hold... Gap (GPS), up 4.7% after July same-store sales rose 2%, company issues Q2 EPS outlook above the consensus estimate... lululemon (LULU), up 2.4% after founder agrees to sell half his stake to Advent for $845M. UP AFTER EARNINGS: SolarCity (SCTY), up 1%... Assured Guaranty (AGO), up 9%... MercadoLibre (MELI), up 13.6%. LOWER: Zynga (ZNGA), down 6% after lowering fiscal 2014 guidance... McDonald's (MCD), down 0.4% after Chinese supplier issue contributes to July comparable sales drop of 2.5%.

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