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Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:37 EDTLF, SHLD, MAT, JAKK, HASNeedham to host a reception
Toy Fair Cocktail Reception is being held in New York on February 11 at 4:30 pm hosted by Needham.
News For HAS;MAT;LF;JAKK;SHLD From The Last 14 Days
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July 1, 2015
09:03 EDTHASLionsgate and Hasbro agrees to bring Monopoly to the big screen
Lionsgate (LGF) and Hasbro (HAS) are partnering to bring the iconic game MONOPOLY to the big screen, the two companies announced. Academy Award-nominated Andrew Niccol will write the screenplay for MONOPOLY, which will be produced by Lionsgate and Hasbro's Allspark Pictures. Lionsgate will finance the movie.
June 24, 2015
11:11 EDTSHLDAnalyst 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 Streetís 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.
07:35 EDTSHLDCFA Society of Chicago to hold a meeting
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