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Stock Market & Financial Investment News

News For MA;SKS;GPS;WMT;TGT From The Last 14 Days
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November 28, 2014
13:32 EDTWMTOn The Fly: Closing Wrap
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13:09 EDTWMTOptions Update; November 28, 2014
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09:55 EDTTGTTarget hits new life high, levels to watch
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09:40 EDTWMTActive equity options trading
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09:22 EDTWMTWal-Mart Canada announces expansion of Grab and Go lockers
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06:13 EDTWMTWal-Mart releases statement on early Black Friday results
Wal-Mart Senior VP of Merchandising Laura Phillips said, “Last night was awesome! In a few short hours, we flipped from being the largest grocery store in town to the best gift shop on the block. Not only did we have millions of customers shopping our stores, but we’re confident Walmart was the first stop of the night for most of them. We saw lines for tablets and TVs snaking throughout the stores, and with our exclusive 1-Hour Guarantee, customers left happy. Our customers came with a plan to win. More than 25 million people downloaded our Black Friday ad, and 20 million customers used their local store maps on Walmart.com. Online shopping started while turkeys were still in the oven and yesterday was our second-highest online sales day ever – topped only by Cyber Monday last year. Tablets, TVs, sheets, children’s apparel, and video gaming were the top five categories of the night in our stores."
November 26, 2014
11:07 EDTWMTWal-Mart pares executive ranks in China amid restructuring, Bloomberg says
Wal-Mart has dismissed around 30 senior executives in China, says Bloomberg. Walmart, which has faced headwinds in China from competition and food safety scandals, says the executives were dismissed in an effort to “streamline and simplify” its business, added Bloomberg. Reference Link
November 25, 2014
10:10 EDTGPSJanney to hold a field trip
Janney Montgomery Holiday Mall Tour is being held at Tysons Corner, Virginia on November 25.
07:53 EDTMAMasterCard management to meet with Deutsche Bank
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07:22 EDTWMTWal-Mart volatility at low end of historic range as shares near record high
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06:10 EDTWMTWal-Mart's Duncan Mac Naughton expected to announce departure, WSJ reports
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November 24, 2014
08:38 EDTWMTWal-Mart names former American Airlines CEO Tom Horton to board
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05:07 EDTGPSGap, Zalando announce Pan-European partnership
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November 21, 2014
16:36 EDTTGTMarket ends week higher as domestic data, foreign central banks boost shares
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16:20 EDTGPSOn The Fly: Closing Wrap
Stocks on Wall Street gained after China's central bank cut interest rates for the first time in over two years to bolster its economy. Additionally, the head of Europe's central bank said he was determined to do what is needed to ensure the area's economy does not once again fall into crisis. ECONOMIC EVENTS: In the U.S., the Kansas City Fed manufacturing index for November had a reading of 7, compared to the consensus forecast for a reading of 6. In Asia, the People's Bank of China unexpectedly cut interest rates, slashing the one-year lending rate by 40 basis points and the one-year deposit rate by 25 basis points. The move, which was the central bank's first interest rate cut since 2012, surprised markets around the globe. In Europe, European Central Bank President Mario Draghi said indicators have been declining to levels he would deem "excessively low" and that he is determined to use more aggressive measures, such as large scale asset purchases, as needed. COMPANY NEWS: Microsoft (MSFT) was the worst performer on the Dow after Jefferies initiated coverage of the stock with an Underperform rating. Microsoft's stock has rallied 30% in the last year, but the company is still facing the same fundamental problems as in previous years, Jefferies analyst John DiFucci wrote. He set a $40 price target on the shares, which slipped 74c, or 1.5%, to $47.97. MAJOR MOVERS: Among the notable gainers was Ross Stores (ROST), which advanced $6.06, or 7.28%, to $89.27 after the company reported stronger than expected Q3 results. Also higher were shares of Caterpillar (CAT), which rose $4.36, or 4.27%, to $106.45 amid the quantitative easing actions taken abroad and after research firm Stifel initiated coverage of the stock with a Buy rating. Among the noteworthy losers was GameStop (GME), which sunk $5.68, or 13.05%, to $37.86 after the video game retailer's third quarter results, as well as its fourth quarter and full year profit forecasts, trailed consensus estimates. Also lower were shares of The Gap (GPS), which dropped $1.68, or 4.19%, to $38.46 after the owner of Banana Republic, Old Navy and its namesake clothing brand lowered its fiscal year profit outlook. INDEXES: The Dow rose 91.06, or 0.5%, to 17,810.06, the Nasdaq gained 11.10, or 0.24%, to 4,712.97, and the S&P 500 added 10.75, or 0.52%, to 2,063.50.
13:20 EDTGPSOn The Fly: Midday Wrap
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09:17 EDTWMTOn The Fly: Pre-market Movers
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07:54 EDTMAMasterCard management to meet with Deutsche Bank
Meeting to be held in Frankfurt on November 21 hosted by Deutsche Bank.
06:24 EDTGPSGap says Jeff Kirwan to become global president for Gap brand in December
Gap yesterday announced the promotion of two current executives, with 35 years of combined company experience between them, to become global brand presidents for Gap and Banana Republic. The moves were orchestrated by Art Peck as he prepares to take on the role of CEO of Gap Inc. in February, with the full support of current chairman and CEO Glenn Murphy. Jeff Kirwan, who has reported to Murphy for the past three years as president of greater China for Gap Inc., will become Global President for Gap brand in December following a brief transition period. Kirwan succeeds Stephen Sunnucks, who will leave the company on December 19, after steering the growth of its namesake brand to almost 50 countries over the past decade. Andi Owen, 49, who currently leads the Gap Outlet division, will become Global President for Banana Republic, effective January 5. She succeeds Jack Calhoun, who will depart from the company on February 1 after working with Owen during the transition.
November 20, 2014
18:21 EDTGPSOn The Fly: After Hours Movers
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17:21 EDTWMTSolarCity announces new power, energy storage projects with Walmart
SolarCity (SCTY) announced it has entered into contract with Walmart (WMT) for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities since early 2013, and will be incorporating ten additional storage projects in the next year.
16:06 EDTGPSGap down 3% after lowering FY14 EPS guidance
16:05 EDTGPSGap now sees FY14 operating margin to be about 12.5%
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16:03 EDTGPSGap lowers FY14 EPS view to $2.73-$2.78, consensus $2.82
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16:01 EDTGPSGap reports Q3 EPS with benefit 80c, consensus 79c
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15:51 EDTGPSGap technical remarks before results
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15:28 EDTGPSNotable companies reporting after market close
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10:02 EDTTGTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
07:30 EDTMAMasterCard management to meet with Deutsche Bank
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07:25 EDTTGTTarget downgraded to Hold from Buy at Evercore ISI
Evercore ISI downgraded Target based on balanced risk/reward and notes competition is unlikely to abate. Price target remains $71.
November 19, 2014
17:38 EDTTGTTarget looks 'poised for more gains', Barron's says
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16:31 EDTTGTOn The Fly: Closing Wrap
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12:46 EDTTGTOn The Fly: Midday Wrap
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12:21 EDTTGTTarget CEO says 'not happy' with Target Canada performance
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11:08 EDTTGTTarget sees Q4 as 'notable infelction point'
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11:08 EDTTGTTarget says November sales so far running above plan, but still early in season
Says saw positive comps in all three months of quarter. Says saw strong start to back to school, back to college season. Says sales slowed entering October, but recovered at the end of the month. Says omnichanel, flexible fulfillment capabilities "key" to long-term success. Says smaller format stores present "exciting" opportunity for company. Says company must continue to find cost savings opportunities in years to come. Says traffic trend has improved in every quarter this year. Confident in plans for upcoming holiday season. Doesn't anticipate share repurchase in Q4. Says "feels good" about current U.S. inventory levels. Expects competitive environment to remain highly promotional this holiday season. Sees Q4 gross margin improving y/y. Says November sales so far running above plan, but still early in season. Sees Q4 U.S. SSS up about 2%. Comments made on the Q3 earnings conference call. Target shares are up 5.64% to $71.38 in morning trading.
10:29 EDTMAMasterCard management to meet with Deutsche Bank
Meeting to be held in Amsterdam on November 19 hosted by Deutsche Bank.
09:16 EDTTGTOn The Fly: Pre-market Movers
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08:03 EDTTGTTarget sees FY14 adjusted EPS $3.15-$3.25, consensus $3.19
Full-year 2014 GAAP EPS is expected to be (45) cents below Adjusted EPS, reflecting: Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or (27) cents per share; Year-to-date net pre-tax data breach expenses of $140 million, or (14) cents per share; Pre-tax impairment losses of $31 million, or (3) cents per share; Pre-tax expense of $13 million, or (1) cent per share, related to Target’s decision to convert existing co-branded cards to MasterCard chip-enabled cards in 2015, and; A (5)-cent per share impact related to the expected reduction of the beneficial interest asset, partially offset by; A benefit of 5 cents per share from the favorable resolution of various income tax matters. GAAP EPS guidance does not include an estimate of future data breach-related expenses, which are not expected to be material in any individual period.
08:02 EDTTGTTarget sees Q4 adjusted EPS $1.13-$1.23, consensus $1.22
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08:02 EDTTGTTarget reports Q3 U.S. segment SSS up 1.2%
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08:00 EDTTGTTarget reports Q3 adjusted EPS 54c, consensus 47c
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07:51 EDTMAClearing House Payments Company to hold a conference
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07:07 EDTMACitigroup to hold a conference
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05:15 EDTWMTWalmart to match competitors' Black Friday deals one week early
Walmart announced that for the second year, the retailer is lowering the prices on popular toys, electronics and more to match or beat select Black Friday offers from national competitors one week early. Walmart’s Pre-Black Friday Event begins Friday, Nov. 21 at 8:00 a.m. and also gives customers an early taste of Walmart’s Black Friday prices by moving up items typically found on Black Friday.
November 18, 2014
15:41 EDTTGTTarget November 67.5 straddle priced for 3.8% move into Q3
15:21 EDTTGTNotable companies reporting before tomorrow's open
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15:08 EDTTGTTarget technical comments ahead of results
The stock in the past three months has outperformed the broader averages, trading up over 14%. Most of that outperformance has been in recent days leading up to earnings. That move broke the shares out of a very narrow trading range that had persisted for two months. With the shares trading close to the 52-week high at $68.28, strong positive news or an upside surprise could propel the stock through that level and to the lifetime high at $73.50. A failure to break through the $70 area, particularly on a negative surprise, could leave the shares vulnerable to a larger than normal correction. On a long-term basis a failure at $70 would be a third attempt up that failed at resistance. Support levels to watch as potential downside objectives would be at $64.65, $61.46, and $59.57. The low of the range prior to the recent breakout was at $54.66, which is the 52-week low.
12:44 EDTTGT, MAEarnings Preview: Target sees FY14 adjusted EPS view of $3.10-$3.30
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09:03 EDTWMTI.D. Systems receives three-year contract extension from Walmart
I.D. Systems (IDSY) has executed a three-year extension of its contract with Walmart Stores (WMT) to provide VeriWise trailer tracking and management services for Walmart's fleet of cargo trailers. The contract extension, which runs through October, 2017, has a maximum aggregate value of approximately $14M.
07:53 EDTTGTTarget November volatility elevated into Q3 and outlook
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05:26 EDTWMTDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
14:21 EDTTGTEarnings Preview: Home Depot shares up over 17% since last earnings report
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07:42 EDTTGTTarget looks to put massive breach in rear-view one year later, WSJ says
Encouraging signs are appearing for Target as the company looks to put its massive data breach in the rear view mirror about one year later as it reports earnings this Wednesday, said The Wall Street Journal's "The Week Ahead" column. Target shares are near 2014 highs after analysts have recently reported a pickup in foot traffic at its stores, the article noted. Reference Link
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