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Stock Market & Financial Investment News

News Breaks
February 5, 2014
06:09 EDTKORS, BBYStocks with implied volatility below IV index mean; KORS BBY
Stocks with implied volatility below IV index mean; Michael Kors (KORS) 33, Best Buy (BBY) 55 according to iVolatility.
News For KORS;BBY From The Last 14 Days
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June 30, 2015
09:13 EDTKORSCowen lowers handbag estimates, calls Kate Spade favorite name in space
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June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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June 23, 2015
05:59 EDTKORSStocks with implied volatility below IV index mean; DE KORS
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June 19, 2015
09:39 EDTKORSMichael Kors North American retail sales trends soft, says Cleveland Research
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