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Stock Market & Financial Investment News

News For SWHC;RGR;WMT;CAB From The Last 14 Days
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March 5, 2015
08:41 EDTRGRSturm, Ruger upgraded at CRT Capital
As previously reported, CRT Capital upgraded Sturm, Ruger to Buy from Fair Value. The firm upgraded shares following the solid Q4 report and raised guidance and said the industry is showing signs of sustainable growth and believes the company is well-positioned to take advantage of an improvement in consumer demand. Price target is $62.
07:45 EDTSWHCUBS to hold a conference
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07:20 EDTCABCabela's results can significantly improve, says Wells Fargo
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06:14 EDTRGRSturm, Ruger upgraded to Buy from Fair Value at CRT Capital
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06:08 EDTWMTWal-Mart CFO believes mobile payment is the future, WSJ says
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March 4, 2015
12:28 EDTSWHCOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory but have paired their losses near midday. There was little reaction to the day’s economic data, which were highlighted by private payrolls growth that was a bit lower than expected and a crude oil inventory build-up that was much greater than expected. Investors are now looking forward to this afternoon, when the Federal Reserve will release its Beige Book report at 2:00 pm EST. ECONOMIC EVENTS: In the U.S., ADP reported private payrolls increased 212K in February, versus the consensus forecast for the addition of 219K jobs. Markit's services PMI rose to 57.1 in the final February reading, which was up from the 57.0 flash print, where it was expected to remain. ISM's services index edged up 0.2 points to 56.9 in February, which was above the consensus 56.5 forecast. In Asia, the biggest news came from India, whose central bank unexpectedly lowered its policy rate for the second time this year. The bank lowered its policy repo rate by 25 basis points to 7.5%, citing "low capacity utilization and still-weak indicators of production" for its pre-emptive policy action. COMPANY NEWS: Shares of a number of hospital operators' stocks jumped after U.S. Supreme Court Justice Anthony Kennedy expressed skepticism about the arguments from challengers' of a key component of the Affordable Care Act. At midday, after the high court ceased hearing arguments for the day, HCA Holdings (HCA) was up over 5.5%, Community Health (CYH) was up 5%, and Tenet Healthcare (THC) was up 4%... Exxon Mobil (XOM) stated at its analyst meeting that the company's capital expenditures came in $1.3B below plan at $38.5B last year and that it plans to cut that to $34B in 2015 based on expectations for reduced Upstream spending and "attractive" Downstream and Chemical investments. For 2016 to 2017, Exxon said it expects capital expenditures to average less than $34B per year. Despite the lower spending, Exxon Mobil sees its total Upstream production to be up 2% in 2015 and grow 3% per year in 2016 and 2017. MAJOR MOVERS: Among the notable gainers following their earnings reports were online-only home goods retailer Wayfair (W), which rose 15% and gunmaker Smith & Wesson (SWHC), which advanced over 10%. Among the noteworthy losers following their earnings reports were Bazaarvoice (BV), which fell 28%, and Abercrombie & Fitch (ANF), which dropped 13%. Also lower were shares of Bob Evans Farms (BOBE), which sunk 22% after its third quarter results fell below analysts' consensus estimates, the company lowered its fiscal year 2015 profit outlook and announced it would not pursue a sale or spin-off of its BEF Foods segment. INDEXES: Near midday, the Dow was down 87.26, or 0.48%, to 18,116.11, the Nasdaq was down 9.46, or 0.19%, to 4,970.44, and the S&P 500 was down 8.51, or 0.4%, to 2,099.27.
10:06 EDTSWHCOptions with decreasing implied volatility
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09:08 EDTSWHCOn The Fly: Pre-market Movers
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08:43 EDTSWHCSmith & Wesson results suggest firearm demand has increased, says Cowen
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March 3, 2015
18:33 EDTSWHCOn The Fly: After Hours Movers
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16:35 EDTSWHCSmith & Wesson rallies sharply after results, levels to watch
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16:11 EDTSWHCSmith & Wesson reports Q3 firearm division net sales down 14.7% to $124.5M
Reports Q3 accessories division net sales $6.1M.
16:10 EDTSWHCSmith & Wesson sees FY15 EPS 87c-89c, consensus 70c
Sees FY15 revenue $532M-$536M, consensus $526.89M.
16:09 EDTSWHCSmith & Wesson sees Q4 EPS 29c-31c, consensus 25c
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16:08 EDTSWHCSmith & Wesson reports Q3 adjusted EPS 20c, consensus 11c
Reports Q3 revenue $130.6M, consensus $123.32M.
15:20 EDTSWHCNotable companies reporting after market close
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07:09 EDTWMTBofA/Merrill to hold a conference
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March 2, 2015
11:27 EDTCABCabela's to hold analyst and investor day
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February 27, 2015
07:21 EDTSWHCSmith & Wesson March volatility elevated into O3 and outlook
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February 25, 2015
17:07 EDTRGRSturm, Ruger reports adjusted Q4 EPS 53c, consensus 40c
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10:12 EDTRGRHigh option volume stocks
High option volume stocks: WBAI HDS ICON NWBO RGR GFI RKT TJX RSG LC
08:00 EDTWMTWal-Mart still pressured by prominent shareholder over pay, Reuters says
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February 24, 2015
06:21 EDTWMTWal-Mart de Mexico announces retirement of CFO Rafael Matute
Wal-Mart de Mexico announces that its board approved Rafael Matute's decision to retire from the company, after having served for 17 years as CFO, and the appointment of Pedro Farah as the new CFO. The changes will be effective June 1 and Matute will stay until July 31 to help with the transition. Farah is currently CFO of Walmart Latin America.
February 23, 2015
10:50 EDTWMTWal-Mart to host 2015 Global Sustainability Milestone Meeting
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February 22, 2015
15:31 EDTWMTMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
16:48 EDTWMTDow, S&P 500 finish week at record highs after Greek deal reached
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16:03 EDTWMTOptions Update; February 20, 2015
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13:20 EDTWMTAnalysts divided on Wal-Mart after results, pay raise announcement
Barclays cut its rating on Wal-Mart (WMT) this morning after the world's largest retailer reported its quarterly results and gave forward looking guidance yesterday. However, research firm Janney Capital wrote in a note to investors that it believes shares of Wal-Mart will probably outperform going forward, as other retailers are likely to implement wage hikes similar to the one that the giant discounter announced. BACKGROUND: Yesterday Wal-Mart announced that it would raise the wages of all of its employees to at least $10 per hour by February 2016. The company also reported higher than expected fourth quarter profits, excluding certain items, but its Q4 revenue came in below expectations. Moreover, the retailer provided lower than expected profit guidance for its fiscal 2016 and lowered its fiscal 2016 sales growth guidance to 1%-2% from its previous outlook of 2%-4%. Wal-Mart's stock fell significantly yesterday after the quarterly report. ANALYST REACTION: Barclays lowered its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. Meanwhile, Janney Capital analyst David Strasser said Wal-Mart's stock dropped because of worries about the company's spending and the hit the company took from negative foreign exchange trends. However, other retailers are likely to implement similar wage hikes, causing the entire sector to come under pressure and enabling Wal-Mart's stock to outperform going forward, according to Strasser. Additionally, Wal-Mart is likely to continue to benefit from higher gas prices in Q1, wrote the analyst, who kept an $89 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Wal-Mart added 0.5% to $83.94.
10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:38 EDTWMTActive equity options trading on open
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09:06 EDTWMTWal-Mart can outperform as peers follow suit on wages, says Janney Capital
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07:20 EDTWMTWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
05:50 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Barclays
Barclays cut its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. The stock closed yesterday down $2.77 to $83.52 after Wal-Mart reported Q4 results.
February 19, 2015
16:28 EDTWMTOn The Fly: Closing Wrap
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12:45 EDTWMTOn The Fly: Midday Wrap
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10:57 EDTWMTWal-Mart initiatives should help competitive position, says RW Baird
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09:35 EDTWMTOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
09:28 EDTWMTWal-Mart says near 70% of U.S. holiday e-commerce traffic from mobile
On its Q4 earnings call, Wal-Mart management said nearly 70% of walmart.com traffic in the U.S. came via mobile during the recent holiday period.
09:27 EDTWMTWal-Mart says U.S. store traffic positive for first time in 9 quarters in Q4
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08:47 EDTWMTWal-Mart down 1.2% to $85.25 after Q4 earnings beat, FY16 guidance miss
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08:42 EDTWMTWal-Mart sees Q1 Wal-Mart U.S. SSS up 1%-2%
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08:41 EDTWMTWal-Mart says hourly associates to earn at least $10 per hour by Feb. 2016
Doug McMillon, Wal-Mart Stores CEO, announced a new initiative on pay and training for U.S. associates. Approximately 500,000 full-time and part-time associates at Walmart U.S. stores and Sam's Clubs will receive pay raises in the first half of the current fiscal year. Current and future associates will benefit from this initiative, which ensures that Walmart hourly associates earn at least $1.75 above today's federal minimum wage, or $9.00 per hour, in April. The following year, by Feb. 1, 2016, current associates will earn at least $10.00 per hour. As part of today's announcement, Walmart and the Walmart Foundation also committed $100M over five years to help increase the economic mobility for entry level workers by advancing their careers. This initiative will benefit the retail and service industries. The Walmart Foundation will work with other foundations, employers, community colleges and non-profit organizations to address a fundamental challenge in America -- how to better train and advance workers in the retail and adjacent sectors. Today, more than 15 million people, including 7 million women, work in retail.
08:38 EDTWMTWal-Mart sees FY16 operating income pressured by investments
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08:38 EDTWMTWal-Mart lowers FY16 sales growth view to 1%-2% from 2%-4%
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08:36 EDTWMTWal-Mart raises annual dividend 2% to $1.96 per share
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08:34 EDTWMTWal-Mart sees Q1 EPS 95c-$1.10, consensus $1.14
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08:34 EDTWMTWal-Mart sees FY16 EPS $4.70-$5.05, consensus $5.19
08:33 EDTWMTWal-Mart reports Q4 underlying EPS $1.61, consensus $1.54
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05:10 EDTWMTWal-Mart February volatility increases into Q4 and outlook
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