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Stock Market & Financial Investment News

News Breaks
January 3, 2013
08:11 EDTM, GGPMacy's to consolidate, expand in Ridgedale Center
Macy’s (M) announced the consolidation of its two separate stores in Ridgedale Center in Minnetonka, MN, into the one expanded location beginning in early 2014. The current 202,000-square-foot Macy’s main store will be expanded and upgraded by approximately 84,000 square feet, with construction beginning in June 2013. When this project is completed in early 2014, the men’s and home businesses currently in a separate 129,000-square-foot building will move into the main Macy’s store. The smaller building at Ridgedale Center will be closed and acquired by General Growth Properties (GGP) for redevelopment.
News For M;GGP From The Last 14 Days
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September 16, 2014
10:50 EDTGGPOptions with increasing implied volatility
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September 15, 2014
08:32 EDTMMacy's, Bloomingdales to launch same-day delivery in fall 2014
Macy’s (M) outlined its latest advancements in omnichannel strategy and technology as the company continues to add new dimensions for attracting shoppers and serving the needs of individual customers. Macy’s and Bloomingdale’s will help launch Apple (AAPL) Pay, same-day delivery to be piloted in fall 2014, new POS technology and customer service enhancements in testing, new apps, web functionality and mobile wallet launched, and its RFID is being expanded to fashion categories.
September 11, 2014
11:29 EDTGGPOptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
10:00 EDTMOn The Fly: Analyst Downgrade Summary
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09:18 EDTMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
08:19 EDTMMacy's downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded Macy's to Neutral from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's SSS and EBIT growth are unlikely to accelerate. Target $62.
06:05 EDTMMacy's downgraded to Neutral from Buy at Sterne Agee
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September 10, 2014
11:23 EDTGGPOptions with increasing implied volatility
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September 9, 2014
14:54 EDTMApple announces Apple Pay
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