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March 27, 2014
09:19 EDTHGG, LOW, BBY, HD, SHLDAppliance 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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October 2, 2015
05:47 EDTBBYStocks with implied volatility below IV index mean; BBY NKE
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October 1, 2015
10:37 EDTBBYBofA/Merrill's Top 10 US Ideas for Q4 2015
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September 30, 2015
16:52 EDTBBYRichard Schulze reports 13.1% stake in Best Buy
09:12 EDTSHLDSears volatility at low end of 52-week range
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05:27 EDTBBYStocks with implied volatility below IV index mean; ASHR BBY
Stocks with implied volatility below IV index mean; X-trackers Harvest CSI 300 (ASHR) 50, X-trackers, Best Buy (BBY) 33 according to iVolatility.
September 29, 2015
09:35 EDTBBYActive equity options trading on open
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September 28, 2015
10:18 EDTSHLDJ.C. Penney rises after CEO meeting prompts upgrade
Shares of J.C. Penney (JCP) are rising in morning trading after a Sterne Agee CRT analyst upgraded the retailer to Buy with a $13 price target following a meeting with the company's new chief executive officer. WHAT'S NEW: Sterne Agee CRT analyst Charles Grom upgraded J.C. Penney this morning to Buy from Neutral with a $13 price target after recently spending time with new CEO Marvin Ellison at the company's headquarters. Grom said he came away from the meeting "more confident" in the company's turnaround plan, adding that Ellison has the "right demeanor" and business sense to lead the company and "right the ship." Ellison took over as CEO of the retailer on August 1, replacing previous CEO Myron "Mike" Ullman. Sterne's Grom said that while the firm has previously been critical of the retailer's strategy, he believes the initiatives, led by Ellison, are "refreshing" and could boost the company's EBITDA. Grom thinks Ellison is the right person to help revive J.C. Penney and believes the company can surpass its long-term EBITDA target of $1.2B by 2017, saying that this goal "may prove to be a floor rather than a ceiling." Additionally, the analyst sees "multiple levers" to drive same-store sales higher. Despite his optimism in J.C. Penney's recovery story, the analyst notes that U.S. consumer spending is shifting away from traditional items in department stores toward move service-oriented products, traditional mall traffic trends remain "suppressed" and weather trends across the U.S. in August and September were not "ideal" for mall-based retailers. WHAT'S NOTABLE: J.C. Penney recently named John Tighe as executive vice president and chief merchant, effective October 1. Tighe, most recently senior vice president and senior general merchandise manager for the men's, children's, footwear, handbag and intimate apparel divisions, will succeed Elizabeth "Liz" Sweney, the company said. On August 31, Deutsche Bank analyst Paul Trussell upgraded J.C. Penney to Buy from Hold and raised his price target on the stock to $12 from $10, calling the company a "self-help story." Trussell noted that the company has already improved its merchandise mix and is now moving toward better pricing and fewer markdowns. Trussell said that the company's target of mid-single digit same-store sales growth looks "achievable" and its brands and assortment "look right." OTHERS TO WATCH: Other department store operators include Macy's (M), Kohl's (KSS) and Sears Holdings (SHLD). PRICE ACTION: J.C. Penney is up 1.5% to $9.57 in morning trading and is up nearly 50% year-to-date.
September 24, 2015
07:44 EDTHDAtlanta Society of Finance & Investmen Professionals holds breakfast meeting
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September 23, 2015
05:30 EDTBBYStocks with implied volatility below IV index mean; LULU BBY
Stocks with implied volatility below IV index mean; lululemon (LULU) 38, Best Buy (BBY) 32 according to iVolatility.
September 22, 2015
05:18 EDTBBYStocks with implied volatility below IV index mean; LULU BBY
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