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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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December 19, 2014
16:23 EDTSWY, SVUSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSWY, SVUSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.
December 17, 2014
16:40 EDTWFMUnited Natural Foods shareholder meeting receives worker protest
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December 16, 2014
09:21 EDTWFMFairway Group could be acquired by Whole Foods, says Sterne Agee
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December 15, 2014
11:04 EDTWFMWhole Foods Markets call activity attributed to renewed takeover speculation
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10:54 EDTWFMRumor: Whole Foods strength attributed to takeover speculation
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08:28 EDTWFMWhole Foods trends still look healthy, says Oppenheimer
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December 12, 2014
15:32 EDTTFMStephens consumer analysts hold an analyst/industry conference call
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December 11, 2014
14:01 EDTKRKroger announces David Dillon to retire as Chairman of the Board on December 31
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December 10, 2014
10:20 EDTKROptions with decreasing implied volatility
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10:00 EDTKROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3D Systems (DDD) initiated with an Underperform at Longbow... AutoZone (AZO) initiated with a Buy at Nomura... C.H. Robinson (CHRW) initiated with a Neutral at Nomura... CSX (CSX) initiated with a Buy at Nomura... CVS Health (CVS) initiated with a Neutral at Citigroup... Canadian National (CNI) initiated with a Neutral at Nomura... Carrizo Oil & Gas (CRZO) initiated with a Buy at Canaccord... CenterPoint Energy (CNP) initiated with a Neutral at Nomura... Con-way (CNW) initiated with a Neutral at Nomura... Cornerstone OnDemand (CSOD) initiated with a Buy at BofA/Merrill... Depomed (DEPO) initiated with an Outperform at RBC Capital... Dollar General (DG) initiated with a Buy at Citigroup... Dollar Tree (DLTR) initiated with a Neutral at Citigroup... Dynagas LNG (DLNG) initiated with a Buy at ABN Amro... EMC (EMC) initiated with a Neutral at JPMorgan... Energy Focus (EFOI) initiated with a Buy at Roth Capital... Expeditors (EXPD) initiated with a Neutral at Nomura... GasLog (GLOG) initiated with a Buy at ABN Amro... Genesee & Wyoming (GWR) initiated with a Neutral at Nomura... Golar LNG (GLNG) initiated with a Sell at ABN Amro... HII Technologies (HIIT) initiated with a Buy at Roth Capital... Hudbay Minerals (HBM) initiated with an Overweight at Barclays... J.B. Hunt (JBHT) initiated with a Buy at Nomura... Kansas City Southern (KSU) initiated with a Buy at Nomura... Kroger (KR) initiated with a Buy at Citigroup... Lear (LEA) initiated with a Buy at Northcoast... Lundin Mining (LUNMF) initiated with an Overweight at Barclays... NetApp (NTAP) initiated with a Neutral at JPMorgan... Norfolk Southern (NSC) initiated with a Neutral at Nomura... PROS (PRO) initiated with an Outperform at Pacific Crest... Qlik Technologies (QLIK)initiated with a Buy at BofA/Merrill... Rentokil (RTOKY) initiated with a Neutral at UBS... Revolution Lighting (RVLT) initiated with a Buy at Roth Capital... ServiceNow (NOW) initiated with a Buy at BofA/Merrill... Stratasys (SSYS) initiated with a Neutral at Longbow... Suburban Propane (SPH) initiated with a Hold at Stifel... Tableau (DATA) initiated with a Buy at BofA/Merrill... Teekay LNG (TGP) initiated with a Buy at ABN Amro... Tessera (TSRA) initiated with a Buy at Sidoti... Union Pacific (UNP) initiated with a Buy at Nomura... Viper Energy (VNOM) initiated with a Buy at Stifel... Visteon (VC) initiated with a Buy at Northcoast... Walgreen (WAG) initiated with a Buy at Citigroup... Werner (WERN) initiated with a Neutral at Nomura.
08:18 EDTTFM, KRDeutsche Bank to hold a conference
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06:17 EDTKRKroger initiated with a Buy at Citigroup
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December 9, 2014
10:23 EDTSVUOn The Fly: Analyst Downgrade Summary
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06:23 EDTSVUSupervalu downgraded after share outperformance at Oppenheimer
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06:09 EDTWFMStocks with implied volatility below IV index mean; PCLN WFM
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Whole Foods (WFM) 20 according to iVolatility.
05:54 EDTSVUSupervalu downgraded to Perform from Outperform at Oppenheimer
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December 8, 2014
06:13 EDTWFMStocks with implied volatility below IV index mean; WFM V
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