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Stock Market & Financial Investment News

News For WMT;MA;GPS;TGT;SKS From The Last 14 Days
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January 23, 2015
15:37 EDTGPSGap to close Piperlime brand
Gap announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of driving profitable top line sales, and going into the new fiscal year, the company will focus on its portfolio of five brands – Gap, Old Navy, Banana Republic, Athleta and Intermix, as well as digital and global growth. While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100M, representing less than 1% of Gap Inc.’s total revenue base of over $16B, the company said. The wind-down costs associated with the decision are not material to the company’s financials, Gap added.
13:59 EDTMAMasterCard confirms allowance of Cuban transactions with U.S.issued cards
MasterCard confirmed a report saying the company will allow credit card transactions in Cuba. The company will work with its U.S. issuers to support their Cuba-related activities and decisions. Before traveling to Cuba, U.S. cardholders should contact their bank to ensure the card will be supported on the island. Reference Link
13:54 EDTMAMasterCard to allow transactions in Cuba with U.S. cards, Reuters reports
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January 22, 2015
05:36 EDTMAMasterCard announces opportunity to apply for next edition of Start Path Europe
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January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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12:12 EDTGPSBest Buy, home retailers seen getting biggest bump from Sears demise
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTMA, WMT, TGTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
16:36 EDTTGTMarket finishes week lower on continued oil, global growth worries
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10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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10:01 EDTGPSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
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10:01 EDTTGTOn The Fly: Analyst Upgrade Summary
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09:44 EDTMAUSA Technologies enters pact with MasterCard
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08:59 EDTGPSGap downgraded at Atlantic Equities
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07:55 EDTTGTChildren's Place Carter's may have opportunity from Target move, say Oppenheimer
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07:23 EDTTGTTarget upgraded at BofA/Merrill
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06:22 EDTGPSGap downgraded to Neutral from Overweight at Atlantic Equities
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