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Stock Market & Financial Investment News

News Breaks
February 15, 2013
13:48 EDTODPOffice Depot in talks to sell rest of Mexico unit, Bloomberg reports
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May 20, 2015
06:04 EDTODPStaples sees Q2 non-GAAP EPS 11c-13c, consensus 11c
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May 8, 2015
07:49 EDTODPJPMorgan recommeds long Staples, short Office Depot pair trade
JPMorgan believes Staples (SPLS) is positioned to win whether or not the merger with Office Depot (ODP) receives regulatory approval. Should the deal go through, the potential synergies are "substantial" and should drive higher estimates, JPMorgan says. Should it not, Staples' performance gap over Office Depot will only widen, the firm believes. The firm thinks a long Staples, short Office Depot trade can generate positive returns over time. It keeps a Neutral rating on both stocks.

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