New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:10 EDTHGG, RSHh.h. gregg names Troy Risch as COO, effective May 5
hhgregg (HGG) announced a key addition to its leadership team with the hiring of Troy H. Risch as COO. Risch joins hhgregg from RadioShack (RSH), where he served as Executive Vice President of Store Operations. Risch will assume the COO position on May 5.
News For HGG;RSH From The Last 14 Days
Check below for free stories on HGG;RSH the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
16:00 EDTRSHOptions Update; September 2, 2014
Subscribe for More Information
August 29, 2014
16:01 EDTRSHOptions Update; August 29, 2014
Subscribe for More Information
09:37 EDTRSHActive equity options trading on open
Subscribe for More Information
06:47 EDTRSHRadioShack volatility elevated on wide price movement
RadioShack overall option implied volatility of 109 is above its 26-week average of 71 according to Track Data, suggesting large price movement.
05:57 EDTRSHStocks with implied volatility movement; RSH VIX
Stocks with implied volatility movement; RadioShack (RSH) 223, Volatility Index S&P 500 Options (VIX) 63 according to iVolatility.
August 28, 2014
16:00 EDTRSHOptions Update; August 28, 2014
Subscribe for More Information
09:11 EDTRSHRadioShack prefers refinancing, but bankruptcy weighed, The Deal says
Subscribe for More Information
August 27, 2014
16:00 EDTRSHOptions Update; August 27, 2014
iPath S&P 500 VIX Short-Term Futures up 26c to 27.89 Option volume leaders: AAPLTWTR TSLA PBR RSH GILD MCD AMZN WFM according to Track Data.
09:22 EDTRSHOn The Fly: Pre-market Movers
Subscribe for More Information
August 26, 2014
12:22 EDTRSHStandard General to explore rescue funds for RadioShack, Bloomberg reports
According to two people familiar with the situation, Standard General, one of RadioShack’s biggest shareholders, is negotiating a potential rescue package with investors which would allow the retailer to fend off a bankruptcy filing, Bloomberg reports. Reference Link
12:02 EDTRSHStandard General to explore rescue funds for RadioShack, Bloomberg says
Subscribe for More Information
11:09 EDTRSH, HGGBest Buy shares decline as Best Buy reports Q2 sales drop
Shares of multi-channel Best Buy (BBY) are retreating after the firm reported that sales declines continued through the second quarter. WHAT'S NEW: Best Buy's Q2 earnings per share from continuing operations was 44c, exceeding analysts' consensus estimates of 31c. The company's Q2 revenue was $8.9B, which was slightly lower than analysts' $8.99B consensus. Same-store-sales for the quarter declined 2.7%, which is better than the overall industry sales decline of 2.5% as reported by NPD. Best Buy Chief Executive Officer Hubert Joly noted that traffic to the company's brick and mortar stores continued to decline as consumers research and buy online. Joly noted that in-store conversion and online traffic continued to increase during the quarter. Joly said that in the back half of the year, the retailer plans to intensify its investments in customer-facing initiatives. Chief Financial Officer and Chief Administrative Officer Sharon McCollam reiterated that industry-wide sales are continuing to decline in many of the consumer electronics cateogries in which it competes, and said the retailer is seeing "ongoing softness" in the mobile phone category ahead of new product launches. She forecast SSS down in the low single digits for both the third and fourth quarters and sees Q3 and Q4 operating income in line with the first half of the year. For the back half of the year, McCollam sees continued industry softness and higher promotionality in Canada and China. WHAT'S NOTABLE: During the company's conference call, Best Buy said that it is "encouraged" by the response to 4K televisions and aims to expand its holiday gift centers within stores. The company's CFO McCollam said that the firm's mobile phone category is "complicated to forecast." She feels that the disruption of carriers "could have impact" that the technology retailer did not anticipate. McCollam said that despite great excitement for some high-profile phone launches, there is still a great deal of competition in the lower-end of the phone market. In terms of the start of the upcoming quarter, Best Buy feels that the beginning has been "in-line" with expectations. ANALYST OPINION: ISI analyst Greg Melich feels that Best Buy's Q2 EPS beat was due to a slightly less dramatic decrease in gross margins and improved cost controls. He feels that the market is likely to pay close attention to continued sales decreases when predicting the rest of the year despite the better than anticipated quarterly EPS results. Melich said that he will keep an eye out for positive signs that Q4 will experience an improvement given the highly promotional and competitive landscape last year. The analyst keeps the stock with a neutral rating and a $31.99 price target. PRICE ACTION: In morning trading, Best Buy fell $1.59, or 4.97%, to $30.40. OTHERS TO WATCH: Best Buy peers include RadioShack (RSH) and hhgregg (HGG).

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use