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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:03 EDTTGT, MATarget: REDcard portfolio to be enabled with MasterCard's chip-and-PIN solution
Target (TGT) announced a significant new initiative as part of the companyís accelerated transition to chip-and-PIN-enabled REDcards. Beginning in early 2015, the entire REDcard portfolio, including all Target-branded credit and debit cards, will be enabled with MasterCardís (MA) chip-and-PIN solution. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. Ultimately, through this initiative, all of Targetís REDcard products will be chip-and-PIN secured. Earlier this year, Target announced an accelerated $100 million plan to move its REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. The new payment terminals will be in all 1,797 U.S. stores by this September, six months ahead of schedule. In addition, by early next year, Target will enable all REDcards with chip-and-PIN technology and begin accepting payments from all chip-enabled cards in its stores.
News For TGT;MA From The Last 14 Days
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November 19, 2014
08:03 EDTTGTTarget sees FY14 adjusted EPS $3.15-$3.25, consensus $3.19
Full-year 2014 GAAP EPS is expected to be (45) cents below Adjusted EPS, reflecting: Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or (27) cents per share; Year-to-date net pre-tax data breach expenses of $140 million, or (14) cents per share; Pre-tax impairment losses of $31 million, or (3) cents per share; Pre-tax expense of $13 million, or (1) cent per share, related to Targetís decision to convert existing co-branded cards to MasterCard chip-enabled cards in 2015, and; A (5)-cent per share impact related to the expected reduction of the beneficial interest asset, partially offset by; A benefit of 5 cents per share from the favorable resolution of various income tax matters. GAAP EPS guidance does not include an estimate of future data breach-related expenses, which are not expected to be material in any individual period.
08:02 EDTTGTTarget sees Q4 adjusted EPS $1.13-$1.23, consensus $1.22
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08:02 EDTTGTTarget reports Q3 U.S. segment SSS up 1.2%
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08:00 EDTTGTTarget reports Q3 adjusted EPS 54c, consensus 47c
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07:51 EDTMAClearing House Payments Company to hold a conference
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07:07 EDTMACitigroup to hold a conference
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November 18, 2014
15:41 EDTTGTTarget November 67.5 straddle priced for 3.8% move into Q3
15:21 EDTTGTNotable companies reporting before tomorrow's open
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15:08 EDTTGTTarget technical comments ahead of results
The stock in the past three months has outperformed the broader averages, trading up over 14%. Most of that outperformance has been in recent days leading up to earnings. That move broke the shares out of a very narrow trading range that had persisted for two months. With the shares trading close to the 52-week high at $68.28, strong positive news or an upside surprise could propel the stock through that level and to the lifetime high at $73.50. A failure to break through the $70 area, particularly on a negative surprise, could leave the shares vulnerable to a larger than normal correction. On a long-term basis a failure at $70 would be a third attempt up that failed at resistance. Support levels to watch as potential downside objectives would be at $64.65, $61.46, and $59.57. The low of the range prior to the recent breakout was at $54.66, which is the 52-week low.
12:44 EDTTGT, MAEarnings Preview: Target sees FY14 adjusted EPS view of $3.10-$3.30
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07:53 EDTTGTTarget November volatility elevated into Q3 and outlook
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November 17, 2014
14:21 EDTTGTEarnings Preview: Home Depot shares up over 17% since last earnings report
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07:42 EDTTGTTarget looks to put massive breach in rear-view one year later, WSJ says
Encouraging signs are appearing for Target as the company looks to put its massive data breach in the rear view mirror about one year later as it reports earnings this Wednesday, said The Wall Street Journal's "The Week Ahead" column. Target shares are near 2014 highs after analysts have recently reported a pickup in foot traffic at its stores, the article noted. Reference Link
November 14, 2014
07:44 EDTTGTTarget November volatility elevated at 29 into Q3 and outlook
Target November call option implied volatility is at 29, December is at 21, January is at 16; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
November 12, 2014
07:37 EDTTGTTarget shares overvalued, says MKM Partners
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November 11, 2014
16:24 EDTMAMasterCard initiated with a Hold at Topeka
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November 10, 2014
15:54 EDTMAVisa, MasterCard could be hurt by new Canadian credit card rules, WSJ says
Canada is preparing to announce broad changes to its code of conduct for the credit- and debit-card industry, which could make it the first country to give merchants the right to reject mobile payments through Visa (V) and MasterCard (MA) even if the merchants accept their physical cards, said The Wall Street Journal, citing a draft copy of rules that could be announced this week. Reference Link
10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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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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