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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:22 EDTKR, SWY, SVU, WFM, TFMKroger 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
Check below for free stories on KR;SWY;SVU;WFM;TFM the last two weeks.
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July 22, 2014
07:52 EDTKRKroger management to meet with Guggenheim
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07:38 EDTSVUSuperValu shares should be bought on any weakness, says Oppenheimer
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July 21, 2014
06:15 EDTWFMWhole Foods implied volatility of 43 at upper end of index mean range
July 17, 2014
10:00 EDTTFMOn The Fly: Analyst Initiation Summary
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07:46 EDTWFMWhole Foods share price could get worse before it gets better, says UBS
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07:22 EDTTFMThe Fresh Market initiated with an Underperform at Credit Suisse
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July 16, 2014
11:28 EDTSVULeon Cooperman gives 12 stock picks at CNBC conference
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11:16 EDTSVUCooperman lists Actavis, Citigroup, KKR among top-picks, CNBC says
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05:53 EDTWFMWhole Foods implied volatility of 42 at upper end of index mean range
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July 15, 2014
10:00 EDTTFM, KROn The Fly: Analyst Upgrade Summary
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09:33 EDTTFMThe Fresh Market upgraded to Buy from Neutral at Northcoast
07:15 EDTSWYIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:48 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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06:22 EDTKRKroger upgraded to Outperform from Market Perform at BMO Capital
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06:05 EDTWFMWhole Foods implied volatility of 40 at upper end of index mean range
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July 13, 2014
15:54 EDTWFMGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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July 11, 2014
17:29 EDTSVUSuperValu begins supplying the first of 18 Rainbow stores
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11:45 EDTWFMStocks with call strike movement; YHOO WFM
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July 10, 2014
08:53 EDTWFMWhole Foods 2H comps guidance may be too high, says Cantor
Cantor remains concerned about the effects of competitive pricing pressure on Whole Foods. The firm thinks the company could face execution challenges going forward, and it believes that the company's multiple remains too high, given its challenges. The firm cut its price target on the shares to $34 from $38 and keeps a Sell rating on the stock.
July 9, 2014
06:06 EDTWFMWhole Foods implied volatility of 41 at upper end of index mean range
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