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Stock Market & Financial Investment News

News Breaks
July 8, 2014
12:45 EDTWFM, FWM, TFM, SFMThe Fresh Market sinks after Goldman downgrade to Sell
Shares of supermarket chain The Fresh Market (TFM) are tumbling after Goldman Sachs downgraded the stock, citing stronger competition and inflation, among other factors. WHAT'S NEW: Goldman analyst Stephen Grambling downgraded The Fresh Market to Sell from Neutral in a note to investors earlier today. The company is facing more competition in the specialty grocery space, along with rising meat costs and headwinds from the Affordable Care Act, Grambling stated. As a result of these factors, The Fresh Market's profits are likely to come in below its guidance, warned Grambling. The analyst slashed his price target on the name to $27 from $36, but estimated that the stock could drop 18% below his new target. PRICE ACTION: In early afternoon trading, The Fresh Market sank 3.6% to $31.48. Other supermarket chains also declined, with Whole Foods (WFM) dropping 2% to $38, Sprouts Farmers (SFM) losing 2.2% to $31.86, and Fairway Group (FWM) sliding 5% to $6.
News For TFM;WFM;SFM;FWM From The Last 14 Days
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May 26, 2015
16:03 EDTFWMFairway Group reports Q4 EPS (20c), consensus (14c)
Reports Q4 revenue $199.1M, consensus $203.07M. Same store sales decreased 3.6%. Customer transactions in comparable stores decreased by 6.7%, although the average transaction size increased by 3.4%, the company noted.
15:00 EDTFWMNotable companies reporting after market close
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09:58 EDTTFMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
08:55 EDTTFMThe Fresh Market upgraded to Neutral on valuation at Longbow
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06:09 EDTTFMThe Fresh Market upgraded to Neutral from Underperform at Longbow
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May 22, 2015
10:03 EDTTFMHigh option volume stocks
High option volume stocks: HBB RENN ONTY LGF JMEI DK JO INTU TFM
07:52 EDTTFMThe Fresh Market sustain traffic remains 'elusive,' says Morgan Stanley
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May 21, 2015
16:16 EDTTFMThe Fresh Market sees FY15 adjusted EPS $1.85-$1.93, consensus $1.87
Sees total net sales growth for the 53-week fiscal 2015 of approximately 9.0%-11.0% compared to the 52-week fiscal 2014 total net sales. FY15 consensus $1.98B. Fiscal 2014 included the benefit of sales from the company’s three California stores prior to their closing. Sees FY15 comparable store sales growth of 1.0%-3.0%; An effective tax rate of 37.3% to 37.6%; CapEx $100M-$110M; Unit growth of approximately 19 new stores, with two new stores opening in the first quarter; five to six new stores opening in the second quarter; and 11 to 12 new stores opening in the second half of the year. Remodeling or refreshing 10 stores, with the majority completed in the first half of the year.
16:13 EDTTFMThe Fresh Market reports Q1 adjusted EPS 50c, consensus 49c
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15:01 EDTTFMNotable companies reporting after market close
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09:50 EDTSFMSprouts Farmers Markets management to meet with Piper Jaffray
Meeting to be held in Chicago on May 22 hosted by Piper Jaffray.
07:14 EDTSFMBMO Capital to hold a conference
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May 20, 2015
10:42 EDTWFMKroger CEO says consumer spending still 'fragile'
Kroger (KR) CEO W. Rodney McMullen says the company will continue to spend on stores. McMullen said it will be "fascinating" to see how Whole Foods (WFM) customers react to its plans for a smaller, lower-cost format. Kroger's CEO says food inflation has been tracking a 1%-2% and the company expects it to continue at that level. McMullen says Kroger looks at "just about anything that is available" in terms of M&A, but doesn't bid on many things. McMullen is speaking on CNBC.
May 19, 2015
06:02 EDTWFMWhole Foods implied volatility of 18 at lower end of index mean range
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May 18, 2015
07:46 EDTWFMAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
06:05 EDTWFMWhole Foods implied volatility of 19 at lower end of index mean range
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May 15, 2015
10:13 EDTSFMHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
06:05 EDTWFMWhole Foods implied volatility of 20 at lower end of index mean range
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May 14, 2015
06:22 EDTWFMWhole Foods implied volatility of 20 at lower end of index mean range
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May 13, 2015
09:12 EDTSFMSprouts Farmers Markets valuation attractive, says Morgan Stanley
Morgan Stanley said recent meetings with Sprouts Farmers Markets management reaffirmed its view of a solid fundamental outlook and increased its conviction that produce issues are transitory. The firm has increased conviction in Sprouts' ability to enter new markets, in-store initiatives, and competition that remains rational. Morgan Stanley reiterates its Overweight rating for this "Best Idea" stock and views current valuation as an attractive entry point.
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