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Stock Market & Financial Investment News

News Breaks
February 21, 2013
13:09 EDTKR, TFM, SWY, HTSISupermarket stocks climb after Safeway's results beat expectations
A number of supermarket stocks are climbing after supermarket chain Safeway (SWY) reported fourth quarter earnings per share, or EPS, that surpassed analysts' consensus estimate by a wide margin. The company's revenue, meanwhile, came in slightly higher than expected. Safeway's same-store sales rose 0.8% compared with the fourth quarter of 2011. In the first eight weeks of the current quarter, the company's same-store sales will be up 2% if the current week ends as expected, Safeway's CEO said on the company's conference call. Safeway's operating profit margin, however, inched up just 0.1 percentage points in the fourth quarter. In early afternoon trading, Kroger (KR) rallied 4% to $29, Harris Teeter (HTSI) advanced 1.50% to $42, The Fresh Market (TFM) climbed 2% to $48.80, and Safeway rallied 13.50% to $23.
News For SWY;KR;HTSI;TFM From The Last 14 Days
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January 28, 2015
07:25 EDTKRKroger management to meet with Deutsche Bank
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06:17 EDTSWYAlbertsons and Safeway receive FTC clearance for proposed merger
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January 27, 2015
14:16 EDTSWYSafeway confirms FTC clearance for proposed Albertsons merger
Albertsons and Safeway announced that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger which was announced on March 6, 2014. The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores. As previously announced, Albertsons and Safeway entered into agreements to sell such stores to four FTC-approved buyers. Albertsons and Safeway also agreed to settlements with the attorneys general of California, Nevada and Washington. Albertsons and Safeway expect to complete the merger within the next five business days.
12:49 EDTSWYSafeway agrees to sell 168 stores to settle FTC concerns with Albertsons merger
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07:49 EDTKRKroger management to meet with Deutsche Bank
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January 23, 2015
17:18 EDTSWYHCA Holdings to replace Safeway in S&P 500 as of 1/26 close
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10:02 EDTTFMOn the Fly: Analyst Initiation Summary
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January 22, 2015
16:24 EDTTFMThe Fresh Market initiated with a Neutral at Wedbush
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10:03 EDTTFMOn the Fly: Analyst Initiation Summary
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07:30 EDTTFMThe Fresh Market initiated with a Market Perform at Cowen
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January 15, 2015
05:55 EDTSWY, KR, TFMSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
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January 14, 2015
10:00 EDTTFMOn The Fly: Analyst Upgrade Summary
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09:30 EDTKRKroger Q4 trends ahead of expectations, says Cleveland Research
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06:54 EDTTFMThe Fresh Market upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded The Fresh Market to Overweight with a $44 price target citing a favorable risk/reward following the recent pullback in shares.

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