New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
10:55 EDTSHLD, M, BONT, JCPSears falls after reporting Q1 loss that nearly doubled analyst projections
Shares of U.S. and Canadian retailer Sears (SHLD) are falling today after the company reported a first quarter loss that was nearly double what analysts projected in both the U.S and Canada. WHAT'S NEW: Sears reported a Q1 loss per share of $3.79, which far surpassed analysts expectations of a loss per share of $1.87. The company reported Q1 revenue of $7.88B, which slightly beat analysts expectations of $7.71B. The company reported Sears Domestic comparable sales growth of 0.2% in the quarter, despite the continuing impact of consumer electronics industry trends. Kmart comparable store sales, excluding the impact of consumer electronics industry trends and the company's grocery and household goods business were down 0.4%. CEO Edward Lampert said that the company is undergoing a "significant transformation and fundamentally it is changing the way it does business. Our performance in Q1 highlights the challenges we are facing as well as the progress we are making in this transformation. We are moving away from a company that was heavily based on selling products solely through a store-based network to a member-centric business model focused on providing benefits to our members anytime and anyplace. We are seeing progress in our transformation to a member-centric, integrated retailer, as we continue to invest heavily in driving our Shop Your Way program. While this progress continued, the biggest negative contributor to sales has been from our consumer electronics business at both Sears and Kmart." The company noted that it continues to evaluate options to separate the Sears Auto Center business. WHAT'S NOTABLE: Yesterday, Sears Canada, which Sears Holdings owns a 51% stake in, reported a Q1 net loss that more than doubled year-over-year. OTHER NEWS: During the company's earnings conference calls, Sears Holdings said that it is planning to transform its consumer electronics business from a business that was focused primarily on selling televisions to a business focused on providing Connected Life solutions. The company noted that it is currently rolling out the concept to select stores. OTHERS TO WATCH: Competitors of Sears include Macy's (M), Bon-Ton Stores (BONT) and J.C. Penney (JCP). PRICE ACTION: During morning trading, shares of Sears fell $1.45 or $3.97% to $35.11. Macy's was up 1%, Bon-Ton Stores rose 2.16% and J.C. Penney rose 2%.
News For SHLD;M;BONT;JCP From The Last 14 Days
Check below for free stories on SHLD;M;BONT;JCP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
August 13, 2014
10:44 EDTMMacy's sees Q3 SSS lower than Q4
Subscribe for More Information
09:15 EDTMOn The Fly: Pre-market Movers
Subscribe for More Information
08:09 EDTMMacy's cuts FY SSS view to up 1.5%-2% vs. previous 2.5%-3% view
08:02 EDTMMacy's still sees FY14 EPS $4.40-$4.50, consensus $4.47
“We are approaching the second half of 2014 with confident optimism in our business strategies, merchandise assortments and marketing plans, tempered with the reality that many customers still are not feeling comfortable about spending more in an uncertain economic environment,” CEO Terry Lundgren said. “Thus, we remain focused on outperforming our competitors through innovation in omnichannel, which has added new dimensions in how consumers can shop us and how our company can satisfy customer demand. This includes a robust Buy Online Pickup in Store process, which has been rolled out to all full-line Macy’s stores nationwide so that it is fully available this fall and into the holiday shopping season. Moreover, our Millennial strategies have sharpened our merchandising and marketing to customers in the age range of 13 to 30. This has created new positive energy as our customers begin back-to-school shopping.”
08:02 EDTMMacy's says expectations for 2H14 'on track'
Expectations for the second half of 2014 remain on track, with guidance for comparable store growth of 2%-3%. However, even with an improved sales trend in the second quarter, the company was unable to make up its sales shortfall from the first quarter. This calculates to expectations for a full-year 2014 comparable sales increase of 1.5%-2%. Full-year 2014 comparable sales together with comparable sales of departments licensed to third parties now are expected to increase by 2%-2.5%. Previous guidance was for full-year comparable sales to increase by 2.5%-3%. The company continues to expect full-year 2014 earnings per diluted share in the range of $4.40 to $4.50, consistent with guidance previously provided.
08:01 EDTMMacy's reports Q2 EPS 80c, consensus 86c
Subscribe for More Information
05:58 EDTMStocks with implied volatility movement; SFUN M
Stocks with implied volatility movement; SouFun (SFUN) 65, Macy's (M) 26 according to iVolatility.
August 12, 2014
15:23 EDTMNotable companies reporting before tomorrow's open
Subscribe for More Information
15:22 EDTMMacy's technical comments before earnings release
In the past three months the shares have moderately outperformed the broader averages. The trend has been neutral for the most part with range-bound trading at $56.50 at the low and $60 at the high. This range is the last portion of a broader range of similar magnitude stretching back to late February of this year. As a result, a break of this range whether to the upside or downside will be significant technically and would resolve the range bearishly or bullishly Ranges that take long periods of time to form tend to persist in the direction of the break for an extended period. On a move above $60 on better than expected news there is only one established resistance level, which is the life high and 52-week high at $61.26. Additional upside moves would likely be anchored to common options strike prices such as $62.50 and $65. A breakdown below the low of the range at $56.50 on worse than expected news or outlook would break the uptrend in place since March 2009. Support below $56.50 would be at $55.10 and then at $53.20.
14:11 EDTSHLDSears Holdings August weekly volatility elevated into Q2 and outlook
Subscribe for More Information
13:43 EDTJCP, MEarnings Preview: Analyst sees Macy's lowering EPS, SSS guidance for FY14
Subscribe for More Information
13:32 EDTMMacy's August 60 straddle priced for 4% move into Q2
Subscribe for More Information
10:25 EDTJCPJ.C. Penney August volatility elevated into Q2 and outlook
Subscribe for More Information
06:53 EDTMMacy's August volatility elevated into Q2 and outlook
Macy's August call option implied volatility is at 50, September is at 24, January is at 23; compare to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August on 13.
August 11, 2014
14:50 EDTSHLDSears names former Tesco executive as President, Chief Member Officer for Kmart
Subscribe for More Information
10:19 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
09:10 EDTJCPJ.C. Penney upgraded to Hold from Sell at Craig-Hallum
Subscribe for More Information
August 8, 2014
08:39 EDTMGoldman says to buy Macy's and sell Kohl's
Goldman continues to recommend Buy rated Macy's and expects it to beat on the top and bottom line and reiterate fiscal year guidance and views it as one of the cheapest names under coverage. The analyst reiterated its Sell rating on Kohl;s given premium valuation, execution risk, margin pressures and increased competitive threats.
August 7, 2014
08:23 EDTMMacy's August volatility increases into Q2 and outlook
Subscribe for More Information
07:23 EDTJCPJ.C. Penney August volatility elevated into Q2 and outlook
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use