New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
12:37 EDTIFNNY, TGT, SFLY, IRF, HTZ, LOWOn The Fly: Midday Wrap
The market opened in negative territory, but within striking distance of the flat line. There was little in the way of major news that investors could use to push the market higher as they moved to the sidelines ahead of this afternoonís release of the minutes of last monthís FOMC meeting. After spending most of the morning mixed, the each of the major equity averages has crossed into positive territory, albeit just barely. The Fedís minutes will be released at 2:00 pm ET. ECONOMIC EVENTS: The Mortgage Bankers' Association Purchase Applications showed a week-over-week drop of -0.4% in the purchase index, but a 3% rise in the refinance index... The EIA Petroleum Status Report showed a 4.5M draw in oil inventories to 362.5M barrels during last week. COMPANY NEWS: Target (TGT) reported Q2 earnings that missed on the bottom line by 1c but beat slightly on the top line, and the company cut its FY14 EPS view to $3.10-$3.30 from $3.60-$3.90. Target is trading up over 1% in midday trading... Lowe's (LOW) reported better-than-expected Q2 earnings and said it sees FY14 EPS approximately $2.63, above the consensus of $2.61. Lowe's is trading up fractionally. MAJOR MOVERS: International Rectifier (IRF) is up 47% after being acquired by Infineon (IFNNY) for $40 per share in cash... Hertz (HTZ) is down more than 9% after the company withdrew its FY14 guidance, saying it expects to be "well below" the low end of the guidance... Shutterfly (SFLY) is up over 3% after Bloomberg reported that private equity firms are bidding on the company. INDEXES: Near midday, the Dow was up 33.38, or 0.2%, to 16,952.97, the Nasdaq was up 0.55, or 0.01%, to 4,528.07, and the S&P 500 was up 1.99, or 0.1%, to 1,983.59.
News For TGT;LOW;IRF;IFNNY;HTZ;SFLY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 20, 2015
16:21 EDTLOWLowe's initiated with a Hold at Cantor
Subscribe for More Information
08:20 EDTHTZThrifty Car Rental expands to Singapore
Subscribe for More Information
April 19, 2015
17:28 EDTTGTTarget website overwhelmed by rush from Lilly Pulitzer shoppers, WSJ says
Subscribe for More Information
April 16, 2015
10:00 EDTLOWOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:13 EDTLOWLowe's upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded Lowe's to Overweight with an $88 price target citing a favorable sales environment.
April 15, 2015
17:32 EDTTGTMasterCard reaches agreement with Target to resolve claims
Subscribe for More Information
April 14, 2015
18:41 EDTTGTTarget close to $20M settlement with MasterCard over data breach, WSJ says
According to people familiar with the negotiations, Target (TGT) is approaching a settlement with MasterCard (MA) to reimburse financial institutions roughly $20M for costs they incurred from the retailerís massive data breach in 2013, The Wall Street Journal reports. Target is negotiating a separate settlement with Visa (V), according to sources, WSJ added. Reference Link
18:17 EDTTGTTarget close to $20M settlement with MasterCard over data breach, DJ says
Subscribe for More Information
April 13, 2015
14:18 EDTTGTTarget names Anne Dament as SVP, Merchandising
Subscribe for More Information
06:22 EDTTGTGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 10, 2015
19:49 EDTLOWLowe's management to meet with JPMorgan
Meetings to be held in East Rutherford, NJ on April 15 and in New York on April 16 hosted by JPMorgan.
April 9, 2015
09:18 EDTLOW, TGTBofA/Merrill retail analysts hold an analyst/industry conference call
Subscribe for More Information
April 7, 2015
09:23 EDTTGTFreshpet dry food product launched at Target, says Baird
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use