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Stock Market & Financial Investment News

News Breaks
March 8, 2013
07:40 EDTKRKroger price target raised to $35 from $28 at Deutsche Bank
Deutsche Bank raised its price target on Kroger after the company reported much better than expected Q4 results and provided higher than expected EPS guidance. The firm thinks the stock can advance further, and it maintains a Buy rating on the shares.
News For KR From The Last 14 Days
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February 11, 2016
16:34 EDTKROn The Fly: Top stock stories for Thursday
Stocks began the session deep in negative territory amid continued concerns about global growth, another drop in oil prices, renewed worries over the health of the European banking system after a poor report from Societe Generale and a surprise cut in interest rates by Sweden's central bank, putting its rates further into negative territory. Fed Chair Janet Yellen, who was giving her second day of "Humphrey-Hawkins" testimony, stayed the course and gave no indication that the central bank would change its current policy direction. The averages were jolted out their doldrums late in the day after The Wall Street Journal quoted a UAE Energy Minister as saying OPEC may consider a production cut, which brought oil off its lows and helped the average significantly cut their losses. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 269,000 last week, versus expectations for 280,000 first-time claims. Federal Reserve Chair Janet Yellen gave testimony to the Senate after presenting yesterday to members of the House of Representatives. In her testimony yesterday, Yellen said she was not certain whether she had the legal authority to cut rates into negative territory. However, other central banks around the world have recently been doing just that, with Sweden's Riksbank the latest. Sweden's central bank surprised analysts by cutting its main repo rate to minus 0.5% from minus 0.35%. Meanwhile, WTI crude oil settled down 4.5% at $26.21 per barrel, marking its lowest settlement since May 2003. Oil pared its losses in after-hours trading, however, after reports indicated that a UAE Energy Minister said OPEC members are ready to cooperate on a production cut. COMPANY NEWS: Shares of Cisco (CSCO) gained 9.6% to $24.68 after the company beat expectations for both sales and earnings, raised its dividend by 24% and approved a $15B increase to its stock repurchase program. On the opposite end of the Dow, Boeing (BA) dropped 6.8% to $108.45 after Bloomberg said the SEC is investigating its accounting and projections for its 787 Dreamliner and the 747 programs... Twitter (TWTR) dropped 4.5% to $14.31 after the company reported that its user base was flat last quarter. Research firm Pacific Crest responded to the news by downgrading the stock, with analyst Evan Wilson saying the stock may fall to as low as $11 per share as the "hope trade" ends... Tesla (TSLA) unexpectedly reported sharp losses for its fourth quarter, but its stock rallied 4.7% after the electric carmaker also projected that it will deliver 80,000-90,000 vehicles in 2016. MAJOR MOVERS: Among the notable gainers was The Fresh Market (TFM), which jumped 22% after Reuters reported that supermarket giant Kroger (KR) is in the second round of bidding for its smaller rival. Also higher was Pandora (P), which advanced 8.5% after the New York Times said the music service operator has held talks about selling the company and is working with Morgan Stanley to meet potential buyers. Also rising were shares of WebMD (WBMD), which added 4% after Ben Harrington said on his Betaville blog that the company is rumored to be working with Moelis to try to broker a deal with Walgreen Boots Alliance (WBA). Among the noteworthy losers was Mylan (MYL), which fell 18% after it reported quarterly earnings and announced it would buy Meda Aktiebolag for $9.9B. Incyte (INCY) fell 9.4% after the company reported earnings and said it would halt studies of its ruxolitinib drug to treat certain cancer tumors. Also lower were shares of Hampton Roads Bankshares (HMPR) which fell nearly 9% after agreeing to merge with Xenith Bankshares (XBKS). Xenith rose 1.5% following the deal announcement. INDEXES: The Dow fell 254.56, or 1.6%, to 15,660.18, the Nasdaq lost 16.75, or 0.39%, to 4,266.84, and the S&P 500 dropped 22.78, or 1.23%, to 1,829.08.
15:18 EDTKROppenheimer 'a bit surprised' at Kroger reportedly bidding on Fresh Market
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14:08 EDTKRThe Fresh Market Kroger calls active after report of Kroger takeover pursuit
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14:02 EDTKRThe Fresh Market up over 20% to $22.35 following Reuters report
14:00 EDTKRThe Fresh Market jumps after report of Kroger takeover pursuit
Shares of grocer The Fresh Market (TFM) jumped in afternoon trading after Reuters reported that supermarket giant Kroger (KR) is in the second round of bidding for the smaller rival. Private equity firms Apollo Global (APO), KKR (KKR) and TPG Capital are also pursuing a potential deal, the report noted. Shares of The Fresh Market jumped 19% to $22 following the report.
13:57 EDTKRKroger bidding to acquire The Fresh Market, Reuters reports
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February 10, 2016
11:39 EDTKRHormel recalls 450 pounds of beef products to due foreign matter contamination
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February 1, 2016
12:48 EDTKROptions with increasing call volume
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