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Stock Market & Financial Investment News

News Breaks
March 14, 2014
18:54 EDTSHLDSears board approves separation of Lands' End business
Sears Holdings Corporation announced that its board approved the separation of its Lands' End business by means of a pro-rata spin-off transaction. To effect the spin-off, Sears Holdings will distribute all of the outstanding shares of common stock of Lands' End on a pro rata basis to holders of Sears Holdings common stock, except that holders of Sears Holdings' restricted stock that is unvested as of the record date will receive cash awards in lieu of shares. These cash awards will be subject to vesting requirements. The distribution will be made to Sears Holdings' stockholders of record on March 24, the record date for the distribution. The distribution is expected to occur on April 4. In the distribution, Sears Holdings stockholders will receive 0.300795 shares of Lands' End common stock for each share of Sears Holdings common stock. Following the spin-off, Sears Holdings will continue to be listed under the symbol "SHLD," while Lands' End expects to list its common stock on the Nasdaq Capital Market under the symbol "LE." Following the spin-off, Lands' End will be a publicly traded company independent from Sears Holdings, and Sears Holdings will not retain any Lands' End common stock.
News For SHLD From The Last 14 Days
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August 27, 2014
10:36 EDTSHLDOptions with decreasing implied volatility
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August 26, 2014
11:23 EDTSHLDTRW September volatility elevated
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August 24, 2014
19:08 EDTSHLDInvestors should stay away from Sears, Barron's says
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August 22, 2014
07:09 EDTSHLDSears looking to shore up balance sheet, WSJ reports
Sears CFO Robert Schriesheim says the struggling retailer is looking to take steps to shore up its balance sheet over the next six to 12 months, the Wall Street Journal reports. The executive says Sears will work with its lenders to evaluate its capital structure, and may look to refinance some debt, including its revolving credit facility. Reference Link
August 21, 2014
17:00 EDTSHLDOn The Fly: Closing Wrap
Stocks began the session in lackluster fashion as the averages opened just above yesterday’s close. There was little early reaction to the morning’s economic reports including the jobless claims data, Philadelphia Fed report, leading economic indicators, and natural gas storage change report. But by mid-day, the Dow had asserted itself as the day’s leader while the Nasdaq struggled to stain positive territory. As the afternoon progressed the Dow continued its advance, the Nasdaq hit 14-year highs, and the S&P also touched a new all-time high. ECONOMIC EVENTS: Jobless Claims data continues to trend lower, with the week of August 16 coming in at 298K vs. a consensus of 300K... The PMI Manufacturing Index Flash was strong at 58.0 for August, up 1.7 points from the July flash of 56.3. COMPANY NEWS: eBay (EBAY) rose almost 5% after a report said that a PayPal spin-off was under consideration... Hormel (HRL) gained almost 5% and hit a 52-week high after reporting better than expected earnings before the market opened... Sears Holding (SHLD) fell over 7% after reporting Q2 earnings this morning that missed on the top and bottom lines. INDEXES: The Dow closed up 60.36, or 0.36%, to 17,039.49, the Nasdaq closed up 5.62, or 0.12%, to 4,532.10, and the S&P 500 closed up 5.86, or 0.29%%, to 1,992.37.
13:00 EDTSHLDOn The Fly: Midday Wrap
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10:35 EDTSHLDSears falls after reporting Q2 loss that more than doubled analyst projections
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09:50 EDTSHLDSears falls after earnings, levels to watch
The stock is down 4.7% to $34.24 at time of writing following a much wider than expected loss for the company's Q2. At current price support is at the session low at $33.51 and then at $32.62. Resistance is at $35.16.
09:37 EDTSHLDActive equity options trading on open
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09:07 EDTSHLDOn The Fly: Pre-market Movers
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06:04 EDTSHLDSears reports Q2 EPS ($5.39), consensus ($2.63)
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August 20, 2014
15:17 EDTSHLDSears Holdings August weekly 36.5 straddle priced for 8.5% move into Q2
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August 19, 2014
07:54 EDTSHLDSears Holdings August weekly volatility increases into Q2 and outlook
Sears Holdings August weekly call option implied volatility is at 126, September is at 55, December is at 46, March is at 46; compared to its 26-week average of 55 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 21.

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