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Stock Market & Financial Investment News

News Breaks
January 4, 2013
07:10 EDTM, WMT, TGT, JCP, SKSRetailers' poor holiday results to affect profit margins, WSJ reports
Last month cautious U.S. consumers restrained their spending, resulting in a disappointing holiday season for retailers at what is usually their busiest time of the year. Indications are that profit margins will suffer, as much of the holiday shopping was late and at discounted prices, reports the Wall Street Journal.Reference Link
News For M;WMT;TGT;JCP;SKS From The Last 14 Days
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May 21, 2013
12:36 EDTSKSOn The Fly: Midday Wrap
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09:25 EDTSKSOn The Fly: Pre-market Movers
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08:56 EDTJCPJ.C. Penney announces successful tender, consent solicitation for debentures
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08:19 EDTSKSSaks sees FY13 SSS up 4%-6% for remainder of year
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08:14 EDTSKSSaks reports Q1 SSS up 5.9%
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08:06 EDTSKSSaks expects to invest $85-$95M in Project Evolution
Company said noted, "Project Evolution is key to our omni-channel transformation. It can be difficult to project all expenses associated with a multi-year project of this magnitude. As we have gotten further along in the process, we generally remain on schedule but expect to incur more expenses in 2013 than we initially anticipated. Our expected total capital investment in the project remains unchanged at approximately $85M-$95M. We remain absolutely confident that this investment is the right one for the business."
08:02 EDTSKSSaks reports Q1 EPS ex-items 19c, consensus 19c
Reports Q1 revenue $793.19M, consensus $778.53M.
07:55 EDTTGTTarget Q1 earnings could be confusing, says Susquehanna
Susquehanna believes Target's Q1 earnings could prove confusing on an initial basis but views any issues as transitory. The firm expects the company's Canadian earnings progression to be a powerful catalyst. Shares are Positive rated with a $73 price target.
07:32 EDTTGT, WMTCTIA–The Wireless Association to host a conference
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06:47 EDTTGTTarget November volatility elevated at 42 into Q1 and outlook
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May 20, 2013
15:22 EDTSKSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Home Depot (HD), consensus 77c; Medtronic (MDT), consensus $1.03; The TJX Companies (TJX), consensus 62c; AutoZone (AZO), consensus $7.23; Best Buy (BBY), consensus 25c; Dick's Sporting Goods (DKS), consensus 48c; Tidewater (TDW), consensus 61c; Saks (SKS), consensus 19c; Rexnord (RXN), consensus 31c; Monro Muffler Brake (MNRO), consensus 25c.
10:23 EDTJCPJ.C. Penney advances after analyst hikes price target to $27
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10:11 EDTJCPOn The Fly: Analyst Upgrade Summary
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08:16 EDTJCPFollow-up: J.C. Penney upgraded to Buy from Hold at Maxim
Maxim upgraded J.C. Penney on expectations the company's strategy changes under new CEO Mike Ullman will drive traffic. The firm said its recent channel checks indicate that store traffic has increased and it raised its price target for shares to $27 from $16.50.
08:03 EDTJCPJ.C. Penney upgraded to Buy from Hold at Maxim
07:31 EDTWMTRetailers can open warehouses in India areas against FDI, Economic Times says
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07:30 EDTJCPJ.C. Penney price target lowered to $7 from $12 at BMO Capital
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May 17, 2013
10:55 EDTJCPJ.C. Penney drops after results miss expectations
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09:48 EDTJCPJ.C. Penney falls after earnings miss, levels to watch
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08:35 EDTJCPJ.C. Penney reiterated as a Sell at Northcoast
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