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Stock Market & Financial Investment News

News Breaks
May 17, 2012
14:42 EDTSHLD, HD, TGT, LOW, WMTMild weather that helped retailers in Q1, may hurt Q2, Reuters says
The warm weather that helped retailers in Q1 may hurt them in Q2 as consumers may pull back after spending more than anticipated, says Reuters. Reference Link
News For HD;WMT;TGT;SHLD;LOW From The Last 14 Days
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May 24, 2013
16:21 EDTSHLDOn The Fly: Closing Wrap
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13:18 EDTSHLDOn The Fly: Midday Wrap
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09:34 EDTSHLDSears Holdings falls sharply after results, levels to watch
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09:25 EDTSHLDOn The Fly: Pre-market Movers
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May 23, 2013
18:54 EDTSHLDOn The Fly: After Hours Movers
UP AFTER EARNINGS: Pandora (P), up 9%... Infoblox (BLOX) up 16.8%... Marvell (MRVL), up 7.3%. DOWN AFTER EARNINGS: Sears Holding (SHLD), down 11.6%... salesforce.com (CRM), down 6.2%... Gap (GPS), down 3.2%... Aeropostale (ARO), down 3.1%. ALSO LOWER: AVEO Pharmaceuticals (AVEO), down 12.9% after disclosing that its partner Astellas will not submit an EMA marketing application for tivozanib... Titan Machinery (TITN), down 12.4% after saying it sees first quarter earnings below consensus and the company cut its full-year earnings view.
16:27 EDTSHLDSears Holdings spikes lower after earnings, first look
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16:24 EDTSHLDSears Holdings down $5.67, or 9.75%, to $52.50 after Q1 results disappoint
16:21 EDTSHLDSears Holdings reports Q1 online business grew 20% from year ago
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16:19 EDTSHLDSears Holdings evaluating strategic alternatives for Protection Agreement unit
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16:18 EDTSHLDSears Holdings says had $481M in cash as of May 4
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16:17 EDTSHLDSears Holdings reports Q1 SSS down 3.6%
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16:17 EDTSHLDSears Holdings reports Q1 adjusted EPS ($1.29), consensus (60c)
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15:24 EDTSHLDNotable companies reporting after market close
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14:45 EDTTGTRetailers file new suit against card companies over swipe fees, Bloomberg says
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11:59 EDTTGTRetailers file suit against Visa, MasterCard over credit cards, Bloomberg says
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08:09 EDTLOWLowe's momentum encouraging, says RW Baird
Baird believes Lowe's recent momentum is encouraging despite disappointing Q1 results. The firm noted management's optimism regarding ongoing internal initiatives, the improvement in comps, and a housing tailwind as reasons to stay involved in the shares. Lowe's is Outperform rated and price target increased to $48 from $45.
08:06 EDTTGTTarget positive catalysts still intact, says Wells Fargo
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May 22, 2013
16:25 EDTTGTOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35.
15:25 EDTSHLDNotable companies reporting before tomorrow's open
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15:05 EDTSHLDSears Holdings June 57 straddle priced for 12.6% movement into Q1
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