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Stock Market & Financial Investment News

News Breaks
March 27, 2014
09:19 EDTLOW, BBY, HD, SHLD, HGGAppliance companies big winners in a Sears decline, says Janney Capital
As Sears' business trends continue to deteriorate, Janney Capital said the company has limited flexibility to find a viable route for a turnaround. The firm believes the biggest winners of a Sears demise will be the appliance category, where Sears has 25+ market share, include Best Buy (BBY), h.h. gregg (HGG), Home Depot (HD) and Lowe's (LOW).
News For SHLD;BBY;HGG;HD;LOW From The Last 14 Days
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June 30, 2015
10:00 EDTLOWOn The Fly: Analyst Upgrade Summary
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08:03 EDTLOWLowe's upgraded to Outperform at BMO Capital
As previously reported, BMO Capital upgraded Lowe's (LOW) to Outperform and increased its price target to $81 from $73. The firm's State Economic Scoreboard research indicates stronger relative housing improvement and overall economic activity in Southeastern states, where Lowe's has a larger store footprint. The firm said sales to the Pro segment could accelerate and potentially narrow the gap in comp-store sales with Home Depot (HD) if growth broadens in the coming months. Additionally, strengthening Q2 housing metrics and robust relative traffic give the firm increased confidence in its 4% Q2 comp-store sales forecast for Lowe's.
06:02 EDTLOWLowe's upgraded to Outperform from Market Perform at BMO Capital
June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTSHLD, BBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:21 EDTLOWLowe's says more focused on asset productivity rather than square footage
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07:35 EDTSHLDCFA Society of Chicago to hold a meeting
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07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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June 23, 2015
07:15 EDTLOWOppenheimer to hold a conference
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