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Stock Market & Financial Investment News

News Breaks
July 8, 2014
12:45 EDTTFM, WFM, SFM, FWMThe 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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September 9, 2014
14:54 EDTWFMApple announces Apple Pay
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14:31 EDTWFMWhole Foods confirms participation with Apple Pay
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September 8, 2014
13:58 EDTWFMWhole Foods announces partnership with Instacart
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September 5, 2014
09:35 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
September 4, 2014
14:23 EDTWFMWhole Foods initiated with a Neutral at Janney Capital
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