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Stock Market & Financial Investment News

News For JCP;SHLD;AEO;ANF;TGT;WMT;KSS;SKT From The Last 14 Days
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October 1, 2014
17:25 EDTSHLDFairholme Partnership purchases 6.25% interest in Sears loan
On September 30, The Fairholme Partnership purchased a 6.25% participation interest in the Loan from affiliates of ESL Partners pursuant to that certain Amended and Restated Participation Agreement, dated September 30, by and among PYOF 2014 Loans, LLC, Fairholme and affiliates of ESL. Pursuant to the Loan Agreement, the remaining $200M of the Loan was funded on September 30 in accordance with the A&R Participation Agreement. ESL Partners is the beneficial owner of approximately 48.5% of Sears' shares.
10:32 EDTSHLDOptions with increasing implied volatility
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September 30, 2014
19:28 EDTWMTFederal judge orders Wal-Mart to face Mexican-bribe claims, Bloomberg says
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17:40 EDTWMTWal-Mart issues statement regarding Tracy Morgan lawsuit
The company said, “Walmart is committed to working to resolve all of the remaining issues as a result of the accident. As part of the ordinary course of legal proceedings, Walmart filed an initial response yesterday to the lawsuit that included facts and defenses that may impact the case moving forward. While we were required to respond to the lawsuit, we have also taken steps to encourage settlement discussions. Our thoughts continue to go out to everyone involved, and we remain committed to doing what’s right.”
12:08 EDTJCPStocks with call strike movement; JCP EWZ
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11:44 EDTSHLD, JCPOptions with increasing implied volatility
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06:06 EDTSHLDSears implied volatility of 101 at upper end of index mean range
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September 29, 2014
18:15 EDTWMTWal-Mart blames Tracy Morgan for his own injuries in car crash, USA Today says
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11:40 EDTJCP, SHLDOptions with increasing implied volatility
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10:00 EDTSKTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
08:50 EDTWMTWal-Mart names Instagram CEO and co-founder Kevin Systrom to board
Wal-Mart Stores (WMT) announced that its Board of Directors has appointed Kevin Systrom, an entrepreneur, software engineer and co-founder of photo-sharing service Instagram (FB), as a new member of the company's Board, effective September 26. Systrom became the 15th member of the Board and will also serve as a member of the company's Technology and eCommerce Committee and its Compensation, Nominating and Governance Committee. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
07:57 EDTSKTTanger Factory upgraded to Buy from Hold at ISI Group
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05:54 EDTSHLDStocks with implied volatility movement; JNS SHLD
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September 26, 2014
11:16 EDTSHLDOptions with increasing implied volatility
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September 25, 2014
14:35 EDTSHLDSears holder Fairholme says St Joe unable to come to terms on loan agreement
Fairholme disclosed in a filing that Fairholme Capital previously disclosed that The St Joe Company, an affiliate of the Fund and Fairholme, was in discussions concerning possible participation in the $400M secured short-term loan disclosed on the 8-K filed by the Issuer on September 15. The St. Joe Company was unable to agree on terms for such a participation in light of its investment criteria and has declined the opportunity to participate. Separately, Fairholme Capital and certain of their affiliates are in discussions concerning a substantially smaller participation in the Short-Term Loan. Fairholme Capital and their affiliates may acquire, hold or sell participations in the Short-Term Loan or other indebtedness of Sears, and may discuss other potential debt or equity investments in the Issuer and its affiliates, from time to time.
14:29 EDTSHLDSears holder Fairholme says The St Joe Company not participating in loan
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11:22 EDTKSSSkechers rebounds after refuting Barrington research report
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10:37 EDTSHLDSears Canada CEO Douglas Campbell resigns
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September 24, 2014
12:29 EDTWMTOn The Fly: Midday Wrap
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10:29 EDTSHLDESL says PYOF 2014 Loans purchased 12.5% stake in Sears loan
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09:49 EDTWMTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTWMTOn The Fly: Pre-market Movers
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05:14 EDTWMTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 22, 2014
11:38 EDTJCPStocks with call strike movement; JCP TWTR
J.C. Penney (JCP) February 12 call option implied volatility increased 5% to 45, Twitter (TWTR) January 62.5 call option implied volatility increased 4% to 46 according to IVolatility.
11:26 EDTSHLDOptions with increasing implied volatility
Options with increasing implied volatility: SHLD VRTX TRP AGNC
06:59 EDTSHLDSears failed to get 'acceptable' bids for Sears Canada unit, NY Post reports
Sears failed to get any acceptable bids for its Sears Canada unit after potential bidders examined the company’s books, the New York Post reports. Sears was forced last week to take out a $400M loan from CEO Eddie Lampert's hedge fund. Reference Link
September 19, 2014
17:17 EDTSHLDESL Partners reports 48.5% stake in Sears, provides update on loan talks
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10:06 EDTAEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
06:30 EDTAEOAmerican Eagle upgraded to Buy from Neutral at Goldman
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September 18, 2014
18:25 EDTSHLDOn The Fly: After Hours Movers
HIGHER: Concur (CNQR), up 19.5% after SAP (SAP) announced that it will acquire the company for $129 per share... Navidea Biopharmaceuticals (NAVB), up 9.8% after confirming FDA orphan designation for Lymphoseek... Molycorp (MCP), up 6.1% after Oaktree Capital reported a 9.1% passive stake in the company... JetBlue (JBLU), up 4.6% following CEO transition announcement... Wendy's (WEN), up 2.15% after Trian reported a 24.39% stake in the company... Sears Holdings (SHLD), up 2.6% after Fairholme Capital reported a 24% stake in the company... AMD (AMD), up 1% after announcing that it expanded an IP partnership with Synopsys (SNPS). DOWN AFTER EARNINGS: Red Hat (RHT), down 3%... Oracle (ORCL), down 2.4% following first quarter earnings miss and CEO transition... Tibco Software (TIBX), down 5.5%. ALSO LOWER: Quest Resource (QRHC), down 13.4% after filing an automatic common stock and warrant shelf... Eagle Rock (EROC), down 4.5% after filing to sell 53.34M common units for limited partners... Chatham Lodging (CLDT), down 3.3% after filing to sell 5M shares of common stock... Glu Mobile (GLUU), down 2.3% after filing to sell 9.98M shares of common stock for holders... Blackstone Mortgage (BXMT), down 1.6% after filing to sell 8M shares of common stock.
17:33 EDTSHLDFairholme Capital reports 24.0% stake in Sears
The St. Joe Company, an affiliate of the Fund and Fairholme, is in discussions with the company regarding the $400M secured short-term loan disclosed on the 8-K filed by the Issuer on September 15. The St. Joe Company may invest up to $100M in participations relating to the Short Term Loan.
12:07 EDTJCPStocks with call strike movement; JCP FB
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11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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10:57 EDTAEO, ANFU.S. ITC to investigate 17 denim jean companies for patent infringement
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10:56 EDTSHLDSears operations erasing $10/share in value each year, says Credit Suisse
In a note titled "Thinking About 'The End,'" Credit Suisse earlier today said events over the past month "had to shake supplier confidence" in Sears. The firm noted that Sears is generating negative operating cash flow of between $1B-$2B in 2014. Credit Suisse concludes that if Sears' real estate assets are worth as much as bulls think they are, then the company should liquidate since its operations are taking over $10 per share of value away every year. It has Underperform rating on Sears with a $20 price target. Shares of the retailer are down 2%, or 66c, to $28.90 in morning trading.
10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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10:00 EDTKSSOn The Fly: Analyst Upgrade Summary
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
06:12 EDTKSSKohl's upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Kohl's to Buy on expectations the company's comp store sales and margins will improve due to better product assortment, loyalty program leverage and inventory management. Citi raised its price target for shares to $70 from $63.
September 17, 2014
09:45 EDTWMTWal-Mart faces criticism for dismissing China workers, Bloomberg reports
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:01 EDTKSSKohl's to hire over 67K associates this holiday season
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06:06 EDTWMTWal-Mart to pay $66,000 to settle false advertising investigation with NY AG
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05:46 EDTSHLDStocks with implied volatility above IV index mean; SHLD GTAT
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