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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:48 EDTMMacy's says environment has been very promotional
Still sees FY14 SSS up 2%-3%. Says weather making it challenging to figure out "what's going on" with consumer, says consumer not "overwhelmingly excited" about spending. Says will continue to close stores that are no longer cash positive, stores "that aren't worth investing in," says will open a few new full-line stores this year. Says $1.1M in capital spending "feels like the right number." Comments made at the Telsey Advisory Group Spring Consumer Conference.
News For M From The Last 14 Days
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November 20, 2014
07:36 EDTMMacy's management to meet with Deutsche Bank
Meeting to be held on New York on November 20 hosted by Deutsche Bank.
November 18, 2014
09:56 EDTMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
07:23 EDTMMacy's downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Macy's to Neutral from Buy. The firm downgraded shares citing valuation and slowing earnings growth. Price target is $65.
06:04 EDTMMacy's downgraded to Neutral from Buy at BofA/Merrill
November 14, 2014
16:26 EDTMNasdaq clear leader as major averages end week higher
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November 13, 2014
10:01 EDTMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
07:38 EDTMBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:59 EDTMMacy's downgraded to Market Perform at Wells Fargo
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05:45 EDTMMacy's downgraded to Market Perform from Outperform at Wells Fargo
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November 12, 2014
16:23 EDTMOn The Fly: Closing Wrap
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12:38 EDTMOn The Fly: Midday Wrap
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10:57 EDTMMacy's says "not counting on a lot of help from the economy" for holiday season
10:48 EDTMMacy's sees Q4 EPS $2.30-$2.40, consensus $2.54
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09:21 EDTMOn The Fly: Pre-market Movers
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08:09 EDTMMacy's sees Q4 SSS with licensed businesses up 2%-3%
Macy's said Q4 comparable sales together with comparable sales of departments licensed to third parties are expected to grow by approximately 2%-3%, or 1.8%-2.8% on a comparable sales basis exclusive of licensed businesses.
08:07 EDTMMacy's, Citi Retail Services renew card agreement
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08:05 EDTMMacy's CEO says optimistic for Q4
Macy's chairman and CEO Terry Lundgren said, "Going forward, we remain optimistic for the fourth quarter based on several factors. First, we have developed an outstanding merchandise assortment for holiday gift-giving and self-purchase rooted in great style, exclusive offerings and outstanding value during this key shopping period. Second, we have enhanced our transition to fresh post-holiday vacation and resort assortments. Third, we have new store, omnichannel and marketing strategies in place that we believe will drive incremental business throughout the fourth quarter. This includes Buy Online Pickup in Store now rolled out to all full-line Macy’s and Bloomingdale’s locations, Same Day Delivery pilots up and running in eight major Macy’s markets and four Bloomingdale’s markets, and improved functionality and usability in upgraded mobile apps. And fourth, we are poised to capitalize on a return to more normalized weather patterns after the unusually severe snowstorms in the fourth quarter last year."
08:04 EDTMMacy's says Q3 sales performance fell short of expectations
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08:03 EDTMMacy's lowers FY14 EPS view to $4.25-$4.35 from $4.40-$4.50
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08:01 EDTMMacy's reports Q3 EPS 61c, consensus 50c
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