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Stock Market & Financial Investment News

News Breaks
August 20, 2014
20:25 EDTBONT, BONT, PERY, PERY, SMRT, SMRT, PLCE, PLCE, LANC, LANC, TTC, TTC, WUBA, WUBA, PDCO, PDCO, DLTR, DLTR, HRL, HRLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Hormel Foods (HRL), consensus 48c; Dollar Tree (DLTR), consensus 64c; Patterson Companies (PDCO), consensus 50c; 58.com (WUBA), consensus 8c; Toro (TTC), consensus 83c; Lancaster Colony (LANC), consensus 99c; Children's Place (PLCE), consensus (45c); Stein Mart (SMRT), consensus 8c; Perry Ellis (PERY), consensus (12c); Bon-Ton Stores (BONT), consensus ($1.54).
News For HRL;DLTR;PDCO;WUBA;TTC;LANC;PLCE;SMRT;PERY;BONT From The Last 14 Days
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July 29, 2015
09:30 EDTSMRTStein Mart initiated with a Buy at Northcoast
Target $14.
July 27, 2015
11:22 EDTWUBAAnalyst says Chinese Internet firms seeing 'healthy' consumer demand
Chinese Internet stocks are among the many classes of Chinese stocks traded in New York that are weak this morning, though research firm Pacific Crest wrote in a note to investors today that after traveling to China and conducting checks, the firm is more upbeat on e-commerce company 58.com (WUBA), online travel agency Qunar (QUNR) and online video company Youku Tudou (YOKU). WHAT'S NEW: After speaking with Chinese advertising and e-commerce companies, as well as with Chinese companies that are exposed to online services, Pacific Crest analyst Cheng Cheng believes that consumer demand for Internet products and services is "stable and healthy." The decline in the stocks of Chinese Internet companies has created buying opportunities, Cheng believes. He identified 58.com and Qunar as his favorite picks in the sector heading into second quarter results. Both stocks have declined about 20% over the last 1-2 months, but the core businesses of both companies are accelerating, the analyst stated. Specifically, most of 58.com's end markets "are showing strong or at least healthy underlying demand," while Qunar is poised to benefit from an acceleration of demand for its hotel rooms, the analyst believes. Meanwhile, Youku is benefiting from strong demand from advertisers, wrote Cheng, who kept Overweight ratings on 58.com and Qunar and maintained a Sector Weight rating on Youku. WHAT'S NOTABLE: Cheng added that he remains "positively biased" towards Baidu (BIDU) and Alibaba (BABA). Baidu is slated to report its second quarter results tonight. He kept Overweight ratings on both stocks. PRICE ACTION: In late morning trading, 58.com slid 4.6% to $62, Qunar retreated 5.7% to $40.65 and Youku fell 4.7% to $19.20 amid broad weakness in Chinese stocks trading in New York after China's home Shanghai composite index fell 8.5% overnight.
08:43 EDTWUBAChina Internet consumer demand stable, healthy, says Pacific Crest
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07:58 EDTHRLHormel Foods reinstated with a Neutral at Credit Suisse
Target $61.
July 22, 2015
11:37 EDTPERYPerry Ellis repeats FY16 adjusted EPS view $1.68-$1.75, consensus $1.73
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10:01 EDTPERYOn The Fly: Analyst Initiation Summary
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05:19 EDTPERYPerry Ellis initiated with a Buy at Brean Capital
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July 21, 2015
08:01 EDTBONTBon-Ton Stores names William Tracy as COO, effective July 27
The Bon-Ton Stores announced the appointment of William Tracy to the position of COO, effective July 27. Tracy will have responsibility for Stores, Information Systems, Supply Chain, Distribution & Logistics, Omnichannel Strategy, Real Estate, and Human Resources. Tracy joins Bon-Ton from Hudsonís Bay Company where he most recently served as Executive Vice President - Supply Chain, Logistics & Omni Channel Fulfillment, and Global Sourcing.
July 16, 2015
08:03 EDTDLTRDollar Tree names Michael Witynski COO
Dollar Tree announced it named Michael Witynski as COO. Witynski has served as Senior Vice President of Stores since joining Dollar Tree in 2010.
July 15, 2015
10:03 EDTPERYPerry Ellis enters into licensing agreement with Bespoke Fashion
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