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November 28, 2012
06:16 EDTSHLD, WMT, IBM, JCP, TGT, BBY, NILE, AMZN, ADBE"Cyber Monday" sales jump 30%, WSJ reports
"Cyber Monday" online sales among some of the biggest U.S. retailers was up 30%, compared with 33% a year ago, according to data compiled by IBM's (IBM) Smarter Commerce arm, which surveys 500 online retailers, reports the Wall Street Journal. But the average customer’s order value fell 6.6%. IBM declined to provide underlying dollar figures. In another survey, Adobe Systems (ADBE) said Cyber Monday sales based on data from retailers such as Best Buy (BBY) and Wal-Mart (WMT) gained 17% to nearly $2B. That was below last year's 18% increase. Reference Link
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May 13, 2015
14:52 EDTAMZNAmazon launches new mobile advertising platform
Amazon has launched a new advertising platform for mobile app developers that promises to "promote your app to millions of users on Fire tablet wakescreens and mobile placements on the Amazon Mobile Ad Network." Amazon automatically generates advertisements once an ad placement order is submitted, and touts that an ad campaign can be launched in as little as 90 seconds. Reference Link
14:05 EDTTGTTarget May weekly volatility elevated into Q1 and outlook
Target May weekly call option implied volatility is at 26, June is at 21, July is at 19; compared to its 90-day average of 19, suggesting large price movement into the expected release of Q1 results on May 20.
13:28 EDTWMT, AMZNWal-Mart set to launch Amazon Prime rival, The Information reports
Wal-Mart (WMT) is nearing the launch of a subscription fast-shipping service that will compete with Amazon Prime (AMZN), Amir Efrati of The Information reports, citing people involved with or briefed on the product. The service is an attempt to boost Wal-Mart's online business and should launch in the next few weeks after being pushed back for technical and other issues, Efrati adds. Shares of Amazon are down $2.63 to $428.39 in afternoon trading while Wal-Mart is down 66c to $78.30. Reference Link
13:23 EDTWMT, AMZNWal-Mart set to launch rival to Amazon Prime, The Information reports
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12:54 EDTJCPEarnings Watch: J.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney (JCP) is scheduled to report first quarter earnings after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. J.C. Penney operates about 1,100 retail stores and EXPECTATIONS: Analysts are looking for a loss per share of (77c) on revenue of $2.87B, according to First Call. The consensus range for EPS is (96c)-(61c) on revenue of $2.78B-$2.92B. LAST QUARTER: J.C. Penney reported fourth adjusted earnings per share of breakeven against estimates for 11c, on revenue of $3.89B against estimates for $3.87B. Comparable store sales were up 4.4%. The company forecast fiscal year 2015 SSS up 3%-5% and said it expected gross margin to improve 50 to 100 basis points versus 2014 and free cash flow to be flat. On its Q4 earnings conference call, the company said that it expected Q1 sales to be impacted less than 1% due to the West Coast port slowdown. NEWS: On March 17, AdAge said Chief Marketing Officer Debra Berman would leave the company immediately. Later that day, Bloomberg reported that General Cousnel Janet Dhillon would also leave the company, which was confirmed by J.C. Penney on March 20. On April 28, J.C. Penney appointed Mary Beth West as executive vice president and Chief Customer & Marketing Officer, effective June 1. In an April regulatory filing, J.C. Penney said it became aware that a senior company official "inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%." The company said it expects Q1 SSS up 3.5%-4.5%, which takes into account the shift of Easter into March. The retailer said it would introduce Sephora to 25 additional stores starting on May 1. In April, New York Attorney General Eric Schneiderman sent letters warning J.C. Penney and other retailers that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. STREET RESEARCH: Following the release of J.C. Penney's Q4 results, Deutsche Bank said J.C. Penney remained a "show me story" until liquidity is improved. Craig-Hallum said J.C. Penney's 2015 gross margin outlook supports its view the company's 2017 financial targets are "unattainable." In March, JPMorgan raised its price target for the retailer to $10 from $8 and said management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. Baird said J.C. Penney's business is on "more stable footing," but believes meaningful free cash flow growth will be challenging. PRICE ACTION: Over the last three months, J.C. Penney shares are up over 7.45%. In early afternoon trading ahead of Wednesday's Q1 report, J. C. Penney is down 2.5% to $8.66.
09:39 EDTAMZNActive equity options trading on open
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09:04 EDTAMZNHouse Judiciary Committee to hold a hearing
The Subcommittee on Courts, Intellectual Property and the Internet holds a hearing entitled, "Stakeholder Perspectives on ICANN: The .Sucks Domain and Essential Steps to Guarantee Trust and Accountability in the Internets Operation" with Vice President Misener of on May 13 at 10 am. Webcast Link
09:03 EDTIBMIBM partners with Teleflora for large florists network
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07:06 EDTWMTAlibaba, Wal-Mart partner on consumer payments, China Daily reports
Alibaba (BABA) announced that it would partner with Wal-Mart (WMT) in China on consumer bill payments, according to China Daily. Under the deal, 25 Wal-Mart stores in the city of Shenzhen will enable consumers to pay their bills through Alibaba's payment service, and the arrangement will be gradually expanded to all of Wal-Mart's stores in China, the newspaper stated. Reference Link
06:35 EDTBBYBest Buy May volatility elevated into Q1 and outlook
Best Buy May weekly call option implied volatility is at 54, June is at 34, September is at 33; compared to its 90-day average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q1 earnings on May 21.
May 12, 2015
16:01 EDTJCPOptions Update; May 12, 2015
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11:37 EDTJCPStocks with call strike movement; TWTR JCP
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09:14 EDTWMTApps World to hold a conference
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08:27 EDTWMTU.S. Chamber of Commerce to hold a summit
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May 11, 2015
16:00 EDTJCPOptions Update; May 11, 2015
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09:03 to open fulfillment center in Carteret, NJ
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09:01 EDTTGTLowe's acquires leases of 13 former Target stores in Canada
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06:11 EDTAMZNStudy: has lower prices than Amazon '94% of the time,' WSJ reports
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May 10, 2015
17:45 EDTTGTJudge allows $19M Target data breach settlement to move ahead, Reuters says
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14:12 EDTWMTWhole Foods stock unlikely to outperform in near-term, Barron's says
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