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Stock Market & Financial Investment News

News Breaks
January 10, 2014
12:53 EDTSHLDSears dives after negative preannouncement
Shares of Sears (SHLD) are tumbling after the retailer's fourth quarter earnings guidance came in below analysts' expectations. WHAT'S NEW: Sears last night estimated that its fourth quarter loss per share excluding certain items would be ($2.01)-($2.98), versus analysts' consensus estimate for a loss of (20c). Moreover, the retailer stated that its U.S. comparable store sales for the fourth quarter had fallen 7.4%, versus the same period a year earlier. Comparative sales at the company's Kmart stores dropped 5.7%, while comp sales at its U.S. Sears stores tumbled 9.2%. ANALYST REACTION: In a note to investors, Credit Suisse analyst Gary Balter called Sears Holdings earnings shockingly bad and warned that the retailer is losing market share. Given the market share losses and Sears' decision to sell off its strongest performing stores, the company has little chance of mounting a successful turnaround, Balter believes. Moreover, the company is reducing the value of its assets by $10-$14 per share each year it continues to operate, according to Balter. Suppliers are likely becoming concerned about Sears' situation, according to the analyst, who kept an Underperform rating on the shares. PRICE ACTION: In early afternoon trading, Sears sank $4.80, or 11.3%, to $37.75.
News For SHLD From The Last 14 Days
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February 11, 2016
11:47 EDTSHLDOptions with increasing implied volatility
Options with increasing implied volatility: ETE WMB ZIOP Z INFN MRO QLIK SHLD SPLK WPZ
February 9, 2016
13:55 EDTSHLDSears liquidity event a matter of 'when, not if,' says Evercore ISI
Evercore ISI analyst Greg Melich said the preliminary Q4 financials released by Sears showed comparable sales were worse than he expected at the flagship brand and at Kmart and that its margins were also worse than he thought. Sear's cash situation has gotten worse, making additional debt issuance more likely in 2016, Melich tells investors, adding that he believes "a liquidity event is a matter of when not if," and may be possible in 2017 at the current burn rate. The analyst keeps a Sell rating on Sears shares.
12:06 EDTSHLDSears is not a viable retailer, says Evercore ISI
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06:51 EDTSHLDSears says to accelerate closing of unprofitable stores
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06:13 EDTSHLDSears sees FY15 revenue $25.1B, one estimate $25.27B
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06:13 EDTSHLDSears sees Q4 revenue $7.3B, one estimate $7.43B
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