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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:22 EDTWFM, KR, SVU, TFM, SWYKroger hits 52-week high after increasing guidance
Shares of supermarket operator Kroger (KR) hit a fresh 52-week high after the company's first quarter results surpassed analysts' consensus estimates and it raised its fiscal 2014 earnings per share outlook. WHAT'S NEW: This morning, Kroger reported Q1 adjusted EPS of $1.09 and revenue of $32.96B, topping analysts' consensus estimates of $1.05 and $32.64B, respectively. WHAT'S NOTABLE: The company raised its FY14 adjusted EPS view to to $3.19-$3.27 from $3.14-$3.25, compared to consensus of $3.22. The company's long-term net earnings per diluted share growth rate guidance is 8%–11%, plus a growing dividend. Kroger raised its identical supermarket sales growth guidance, excluding fuel, to 3.0%-4.0% for FY14, versus its prior original view of 2.5%-3.5%. On its Q1 earnings conference call, the company said it was seeing strong positive indicators in shopping behavior, with customers exhibiting less cautious spending behavior. It said more customers perceive the economy to be in recovery. For the remainder of the year, the company sees inflation higher than expected. PRICE ACTION: In late morning trading, Kroger rose about 5.5% to $49.89 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $50.20. Including today's advance, the stock is up about 40% over the past 12 months. OTHERS TO WATCH: Other companies in the supermarket space include Safeway (SWY), SUPERVALUE (SVU), Whole Foods Markets (WFM), and The Fresh Market (TFM).
News For KR;SWY;SVU;WFM;TFM From The Last 14 Days
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January 30, 2015
08:40 EDTWFMWhole Foods price target raised to $60 from $49 at Canaccord
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08:37 EDTSWYAlbertsons and Safeway complete merger transaction
AB Acquisition and Safeway (SWY) announced that they have completed their proposed merger. Under the terms of the merger agreement first announced and unanimously approved by Safeway's board in March 2014, AB Acquisition LLC, the owner of Albertson's LLC and New Albertson's, will acquire all outstanding shares of Safeway. AB Acquisition is controlled by an investor group led by Cerberus Capital Management, which also includes Kimco Realty (KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation.
January 28, 2015
07:32 EDTWFMWhole Foods outlook still positive, says Oppenheimer
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07:25 EDTKRKroger management to meet with Deutsche Bank
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06:17 EDTSWYAlbertsons and Safeway receive FTC clearance for proposed merger
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January 27, 2015
14:16 EDTSWYSafeway confirms FTC clearance for proposed Albertsons merger
Albertsons and Safeway announced that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger which was announced on March 6, 2014. The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores. As previously announced, Albertsons and Safeway entered into agreements to sell such stores to four FTC-approved buyers. Albertsons and Safeway also agreed to settlements with the attorneys general of California, Nevada and Washington. Albertsons and Safeway expect to complete the merger within the next five business days.
12:49 EDTSVU, SWYSafeway agrees to sell 168 stores to settle FTC concerns with Albertsons merger
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07:49 EDTKRKroger management to meet with Deutsche Bank
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January 23, 2015
17:18 EDTSWYHCA Holdings to replace Safeway in S&P 500 as of 1/26 close
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10:02 EDTWFM, TFMOn the Fly: Analyst Initiation Summary
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January 22, 2015
16:24 EDTTFMThe Fresh Market initiated with a Neutral at Wedbush
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16:18 EDTWFMWhole Foods initiated with an Outperform at Wedbush
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10:03 EDTWFM, TFMOn the Fly: Analyst Initiation Summary
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07:30 EDTTFMThe Fresh Market initiated with a Market Perform at Cowen
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07:30 EDTWFMWhole Foods initiated with a Market Perform at Cowen
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January 21, 2015
10:01 EDTWFMOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
09:07 EDTWFMWhole Foods upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Whole Foods to Buy from Neutral. The firm thinks the bears on the stock are ignoring positive steps the company has taken, including the implementation of a variety of revenue drivers, as well as price cuts to spur better traffic. Target $60.
07:04 EDTWFMWhole Foods upgraded to Buy from Neutral at Sterne Agee
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