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Stock Market & Financial Investment News

News Breaks
August 5, 2014
17:01 EDTGHC, CHGG, BLMN, GCI, TRBAA, ECOM, COH, TGT, AHC, MNI, SALE, WAGOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red and moved in a fairly narrow range through the early part of the day, albeit in negative ground. Stocks gained downward momentum early in the afternoon after headlines circulated that Russia has sharply increased its military presence along its eastern border with Ukraine in the past few days. The market lost not only what it had gained back yesterday but added to its losses from last week. ECONOMIC EVENTS: In the U.S., Markit's services PMI dipped to 60.8 for the final July print from the 61.0 flash estimate for the month. A similar reading from ISM, its non-manufacturing index, climbed to 58.7 in July from June's 56.0 reading. Factory orders rebounded 1.1% in June, which was better than the expected 0.5% increase. COMPANY NEWS: Shares of Target (TGT) fell $2.67, or 4.4%, to $58.03 after the company lowered its forecast for earnings per share in the second quarter, excluding some items, to 78c from its previous guidance of 85c-$1.00. The company expects its comparable sales in the U.S. to be "essentially flat" and noted that discounts weighed on its margins as consumers continued to spend cautiously at the company's stores and focus on value. The retailer also estimated that the after-effects of its December 2013 data breach cost it $110M in the second quarter... Gannett (GCI) slid 45c, or 1.31%, to $33.87 after striking a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders. MAJOR MOVERS: Among the notable gainers was Chegg (CHGG), which gained $1.21, or 20.54%, to $7.10 after reporting higher than expected quarterly results and that it formed a strategic alliance with Ingram Content Group, the world's largest book distributor. Also higher was Coach (COH), which rose $1.49, or 4.34%, to $35.80 after reporting earnings, excluding certain items, that beat expectations for its fiscal fourth quarter. Among the noteworthy losers was Walgreen (WAG), which slipped $2.99, or 4.15%, to $69.12 after Sky News said the company will announce as soon as tomorrow that it will pay "in the region" of GBP5B to acquire the remaining 55% stake in Alliance Boots that it does not already own, though is likely to also state that it intends to remain a U.S.-domiciled company and will not pursue a tax inversion. Early this morning the company also announced that sales in its comparable stores increased by 5.2% in July. Also lower following their earnings reports were RetailMeNot (SALE), which fell $7.15, or 28.26%, to $18.15, ChannelAdvisor (ECOM), which dropped $6.90, or 29.73%, to $16.31, and Bloomin' Brands (BLMN), which declined $4.75, or 23.98%, to $15.06. INDEXES: The Dow dropped 139.81, or 0.84%, to 16,429.47, the Nasdaq fell 31.05, or 0.71%, to 4,352.83, and the S&P 500 declined 18.78, or 0.97%, to 1,920.21.
News For TGT;GCI;WAG;COH;BLMN;SALE;ECOM;CHGG;MNI;TRBAA;GHC;AHC From The Last 14 Days
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November 13, 2014
14:50 EDTWAGLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTWAGLonestar capital to shut down, DJ reports
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07:38 EDTGCIBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 12, 2014
11:06 EDTCOHStocks with call strike movement; COH CF
Coach (COH) May 40 call option implied volatility increased 2% to 30, CF Industries (CF) February 295 call option implied volatility increased 5% to 28 according to IVolatility.
08:06 EDTECOMPacific Crest to hold a conference
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07:37 EDTTGTTarget shares overvalued, says MKM Partners
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November 11, 2014
09:22 EDTBLMNBloomin' Brands 18.308M share Spot Secondary priced at $20.50
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08:01 EDTCOHMichael Kors promotions picked up in November, says Jefferies
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07:49 EDTCOHBofA/Merrill retail and consumer analysts hold analyst/industry conference call
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07:02 EDTTRBAATribune Co. reports Q3 Television and Entertainment revenue $417.2M
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07:01 EDTTRBAATribune Co. reports Q3 EPS 38c, one estimate 31c
Reports Q3 revenue $474.86M, one estimate $432.18M
November 10, 2014
16:29 EDTBLMNBloomin' Brands files to sell 18.3M shares for Bain Capital
Goldman, Sachs & Co., is acting as underwriter for the offering.
13:46 EDTSALEZhengxu He reports 7.61% passive stake in RetailMeNot
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10:18 EDTSALERetailMeNot rises after Scopia Capital reports 13.74% passive stake
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10:17 EDTSALEOptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI ACHN RPRX ARCP SALE ZU KING UBNT KATE AWAY
10:07 EDTSALEScopia Capital reports 13.74% passive stake in RetailMeNot
10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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09:54 EDTSALEScopia Capital reports 11.74% passive stake in RetailMeNot
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08:08 EDTTGTTarget upgraded at Stifel
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05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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