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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:17 EDTYOKU, BUD, EXPE, WMS, TIF, WMT, VOD, LF, CVX, NYT, WSFS, BKR, HSY, SCHW, CMA, CLWR, WCC, MRK, GOOGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Charles Schwab (SCHW) downgraded to Neutral from Buy at UBS... Chevron (CVX) downgraded to Neutral from Buy at UBS... Comfort Systems USA (FIX) downgraded to Hold from Buy at BB&T... Google (GOOG) downgraded to Market Perform from Outperform at BMO Capital... Hershey (HSY) downgraded to Neutral from Conviction Buy at Goldman... LeapFrog (LF) downgraded to Buy from Strong Buy at Ascendiant Capital... Merck (MRK) downgraded to Underweight from Equal Weight at Morgan Stanley... Michael Baker (BKR) downgraded to Hold from Buy at KeyBanc... Vodafone (VOD) downgraded to Neutral from Buy at Citigroup... WESCO (WCC) downgraded to Neutral from Buy at UBS... WSFS Financial (WSFS) downgraded to Neutral from Buy at Janney Capital... Wal-Mart (WMT) downgraded to Neutral from Overweight at JPMorgan... Clearwire (CLWR) downgraded to Underperform from Neutral at DA Davidson... New York Times (NYT) downgraded to Sell from Neutral at Lazard Capital... Tiffany (TIF) downgraded to Neutral from Buy at Monness Crespi... Comerica (CMA) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Expedia (EXPE) downgraded to Neutral from Buy at Monness Crespi... Guess (GES) downgraded to Underperform from Neutral at Buckingham... Youku Tudou (YOKU) downgraded to Sell from Hold at Maxim... WMS Industries (WMS) downgraded to Hold from Buy at Stifel Nicolaus... AB InBev (BUD) downgraded to Neutral from Buy at BofA/Merrill.
News For SCHW;CVX;GOOG;HSY;LF;MRK;BKR;VOD;WCC;WSFS;WMT;CLWR;NYT;TIF;CMA;EXPE;YOKU;WMS;BUD From The Last 14 Days
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November 12, 2014
15:29 EDTWMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
15:04 EDTWMTWal-Mart technical comments before earnings
The key technical feature on the chart is easily seen on a 5-year chart. Since early 2013 the shares have been trading in a sideways channel bound largely by $70 at the low and $80 at the high. Those bounds become the key levels to watch for post-earnings trading. A move above $80, and preferably above the life high at $81.37, would signal a new leg up had begun. It would in effect be a range breakout with the potential for a move to the $90 area over time based on the height of the channel. The stock is pushing up toward that level ahead of earnings. Equally, a major disappointment could send the shares to the low of the range at $70. That area would still need to be broken to the downside to break the range, with an eventual move to $65 possible if it was broken. If the news is insufficiently strong to push price out of the range, it will likely continue in this trading range for some time awaiting a new catalyst.
15:03 EDTLFLeapFrog CFO Arthur buys 21K shares, director Rissman buys 25K
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13:47 EDTWMTEarnings Preview: Wal-Mart sees FY15 net sales up 2%-3% vs. last year
Wal-Mart Stores (WMT) is scheduled to report third quarter earnings before the market open on Thursday, November 13, with a conference call scheduled for 7:00 am ET. Wal-Mart, a member of the Dow Jones Industrial Average, operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy. EXPECTATIONS: Analysts are looking for earnings per share of $1.12 on revenue of $118.35B, according to First Call. The consensus range for EPS is $1.08-$1.17 on revenue of $115.17B-$119.67B. LAST QUARTER: Wal-Mart reported second quarter EPS of $1.21, in line with estimates, on revenue of $119.3B, against estimates of $119B. Walmart U.S. comp sales were flat for the 13-week period ended August 1, and U.S. net sales increased $1.9B, or 2.7%, to over $70B. Currency exchange rate fluctuations negatively impacted net sales by approximately $700M, the company said. Wal-Mart forecast Q3 EPS of $1.10-$1.20, with U.S. comp store sales relatively flat and Sam's Club comp sales, excluding fuel, slightly positive. and increased investments in Sam's Club membership programs. The company lowered its fiscal year 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, against estimates at that time of $5.15. The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated. The annual effective tax rate is projected to be between 32%-34%. NEWS: On its Q2 earnings conference call, Wal-Mart lowered its FY15 e-commerce sales growth forecast to 25%. In mid-October, Wal-Mart said that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for FY15 between 2%-3% on last year’s $473.1B. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The company sees fiscal year 2016 net sales growth of 2%-4%, or approximately $10B-$20B of net sales growth. The company said FY16 operating expenses will grow at a rate "somewhat faster" than sales growth and operating income will be flat to slightly down. Chief Executive Officer Doug McMillon said the company will invest less in stores and more in e-commerce. Wal-Mart sees FY15 capital investments of $12.5B-$13B and FY16 capital investments $11.6B-$12.9B. Wal-Mart also sees FY16 e-commerce and digital spending of $1.2B-$1.5B. Ahead of a holiday shopping season that may be fiercely promotional, Wal-Mart is testing a program to match online prices from rivals including Amazon.com (AMZN), reported the Wall Street Journal. The company announced the "New Black Friday" will include five days of deals. STREET RESEARCH: Cleveland Research said Wal-Mart's trends softened in September and October following a strong August driven by soft traffic and less promotional activity. The firm believes Wal-Mart is positioned to maintain share during the holidays, but sees "growing caution" on the consumer spending outlook. Baird said expectations for Wal-Mart appear to be muted into the Q3 report. The firm believes sales may remain lackluster and margins may slip in the near-term, but sees international as an opportunity. During the quarter, shares were initiated with a Neutral rating at Sterne Agee. PRICE ACTION: Wal-Mart shares are up 6.9% over the last three months but are only up 0.8% year-to-date. In early afternoon trading, Wal-Mart shares are up 0.4% to $79.35.
13:05 EDTWMSAdvanced Drainage initiates quarterly dividend of 4c
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13:04 EDTGOOGYouTube launches Music Key beta monthly subscription service
Google introduced YouTube Music Key beta, a monthly subscription service starting with the promotional price of $7.99/month, discounted from $9.99/month, that will feature ads-free music, background play and offline viewing. It will also include a subscription to Google Play Music, which in the coming days will be upgraded to give users the ability to watch many YouTube official music videos right from the app. "Starting today, you’ll see a new home just for music on your YouTube app for Android, iOS and on YouTube.com that shows your favorite music videos, recommended music playlists based on what you’re into and playlists of trending music across YouTube," Google also stated in its blog post related to the launch. Reference Link
12:56 EDTGOOGFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
12:39 EDTVODVodafone management to meet with UBS
Meeting to be held in Boston on November 13 hosted by UBS.
12:15 EDTWMTWal-Mart November weekly 79 straddle priced for 2% move into Q1
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11:58 EDTWMTWal-Mart weekly volatility elevated into Q3 and holiday outlook
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11:17 EDTMRKLeerink major pharma & biotech analysts hold analyst/industry conference call
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11:14 EDTGOOGGoogle DoubleClick says software bug fixed
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10:28 EDTGOOGGoogle says aware of, working on problem with DoubleClick, CNBC reports
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10:07 EDTCMAHigh option volume stocks: DDS FOSL ZTS CMA CLVS CZR
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08:13 EDTMRKBoston Biotech to hold a conference
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06:46 EDTWMTWal-Mart reminds stores to display fresh grocery products, NY Times says
Wal-Mart last month issued a memo to managers around the U.S., telling them to discount older meat and baked goods to ensure that they sell before they reach their expiration dates, according to The New York Times. The memo also reminds managers to remove expired dairy products and eggs, as well as moldy or rotting produce, from shelves, and reduce inventory, the newspaper stated. Reference Link
06:37 EDTHSYCiti says Hershey, TreeHouse, Mead still top picks in Food
After meeting with ten U.S. Food Manufacturers, Citigroup says Hershey (HSY), TreeHouse (THS) and Mead Johnson (MJN) remain its top picks in the space. Citi favors domestic companies, but says the consumer environment for food remains difficult with volume growth "hard to come by" in the U.S. The firm believes the expected uptick in U.S. food growth is failing to materialize.
06:12 EDTGOOGVestager says not all concerns about Google can be covered by inquiry, WSJ says
New EU antitrust chief Margrethe Vestager says she will investigate the concerns posed by Google’s control over large amounts of data, but notes that not all of society’s concerns can be addressed by the competition case, the Wall Street Journal reports. Reference Link
05:42 EDTYOKUYouku Tudou announces partnership with Xiaomi
Youku Tudou announced that it has entered into a strategic partnership with Xiaomi. The partnership aims to accelerate the development of its multi-screen media and entertainment ecosystem. The two companies will jointly develop content and technology, including developing multi-screen online video services. Xiaomi will invest in Youku Tudou by acquiring the latter's stock on the open market. It will also license content from Youku Tudou, and the two companies will jointly invest in the production and distribution of online video content and movies.
05:24 EDTWMTWal-Mart announces 'New Black Friday' event, holiday pay for associates
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