News Breaks |
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| December 26, 2012 |
| 07:09 EDT |  | WMT, MA, GPS, TGT, SKS | Holiday sales show slow growth, WSJ reports
For the eight weeks from October 28 through Christmas Eve, retail sales for the holidays increased just 0.7% from a year ago, according to MasterCard’s (MA) SpendingPulse unit, the slowest growth in spending since the 2008 recession, reports the Wall Street Journal. Reference Link |
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News For MA;SKS;GPS;WMT;TGT From The Last 14 Days Check below for free stories on MA;SKS;GPS;WMT;TGT the last two weeks. |
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| May 15, 2013 |
| 08:00 EDT |  | WMT | Wal-Mart price target raised to $88 from $78 at RW Baird
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| 07:45 EDT | | GPS | Gap expectations are now too high, says Lazard Capital
Lazard Capital estimates the calendar shift in Q1 added to Gap $150M in revenue and 8c-10c, which it believes is not understood by most investors and analysts. The firm still likes the stock longer term and keeps a Buy rating on Gap, but says expectations are now too high since Q4 consensus estimates did not come down to reflect the calendar shift. Note shares of Gap were upgraded this morning at Citigroup. |
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| 07:09 EDT |  | WMT | Wal-Mart May volatility elevated into Q1 and revenue outlook
Wal-Mart May call option implied volatility is at 39, June is at 15, July and September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. |
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| 05:44 EDT |  | GPS | Gap upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Gap citing improved merchandise, inventory control and expectations for continued comp store sales consistency. Citi raised its price target for shares to $48 from $40. |
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| May 14, 2013 |
| 18:45 EDT |  | WMT | Wal-Mart says won't sign Bangladesh factory proposal, Bloomberg reports
Wal-Mart says its plan will produce quicker results, according to Bloomberg. |
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| 16:02 EDT | | WMT | Wal-Mart to raise inspection standards, transparency on Bangladesh factories
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| 16:01 EDT | | WMT | Wal-Mart to raise inspection standards on Bangladesh factories
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| 11:30 EDT | | WMT | Analysts differ on Wal-Mart sales trends in March, April
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| 08:06 EDT |  | WMT, TGT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. |
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| 06:44 EDT | | MA | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link |
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| 06:32 EDT | | WMT | Wal-Mart sales improved in March and April, says Jefferies
Jefferies said its research suggests that after a challenging start to the quarter, Wal-Mart's sales improved in March and April. The firm believes Wal-Mart shares will hold current levels or move higher should management confirm its research when reporting Q1 results. Jefferies keeps a Buy rating on Wal-Mart with a $90 price target. |
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| 06:09 EDT | | WMT | Wal-Mart removed from Top Picks Live list at Citigroup
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| May 12, 2013 |
| 15:50 EDT | | GPS | S&P raises Gap ratings to 'BBB-' from 'BB+'
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| May 10, 2013 |
| 10:01 EDT |  | GPS | Gap spikes higher after guidance, True Religion buyout
The company guided higher last night after the close, putting Q1 results at 68 cents to 69 cents per share versus expectations of 56 cents. At the current price of $41.07, next resistance is at $42.79. Support is at $40.13. The True Religion (TRLG) take-private deal from TowerBrook at $32 is lending a bid to other clothing retailers. |
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| 09:21 EDT | | GPS | On The Fly: Pre-market Movers
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| 08:46 EDT | | GPS | David’s Bridal names Gap executive Pamela Wallack as CEO
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| 08:27 EDT | | MA | MasterCard management to meet with Deutsche Bank
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| May 9, 2013 |
| 16:03 EDT | | GPS | Gap shares rally 6% to $41.50 after Q1 outlook tops estimates
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| 16:02 EDT |  | GPS | Gap sees Q1 EPS 68c-69c, consensus 56c
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| 16:02 EDT | | GPS | Gap reports Q1 revenue $3.73B, consensus $3.67B
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