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Stock Market & Financial Investment News

News Breaks
August 5, 2014
12:37 EDTDLTR, WFM, SALE, FDO, TGT, ECOM, DG, CHGGOn The Fly: Midday Wrap
Stocks on Wall Street were lower at the open and remained in negative ground throughout the morning. The market broke its losing streak yesterday but is on track to give back those gains if the levels near noon hold into the closing bell. The move lower comes in spite of the day's economic data generally beating expectations. 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 about 3% after the company pre-announced that it now expects its earnings per share in the second quarter, excluding some items, to come in at 78c, versus its previous guidance of 85c-$1.00. The company expects its comparable sales in the U.S. to be "essentially flat," and it believes the profit margin on its earnings before interest taxes depreciation and amoritzation were lower than expected in Q2. Discounts weighed on the company's margins, as consumers continued to spend cautiously at the company's stores and focus on value, Target reported. The retailer also estimated that the after-effects of its December 2013 data breach cost it $110M in the second quarter... Shares of Whole Foods (WFM) jumped in early trading, with the strength attributed to speculation that activist investor Carl Icahn may have taken a stake in the natural foods grocer, potentially fueled by a tweet from TheStreet's Douglas Kass. Following the circulation of the rumors early in the trading day, Yahoo Finance's Kevin Chupka reported that Carl Icahn has "absolutely no interest in Whole Foods whatsoever," citing sources familiar with the situation. Near noon, shares of Whole Foods were off their highs, but remained up about 2% near $39 per share. MAJOR MOVERS: Among the notable gainers was Chegg (CHGG), which gained 17% 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 Dollar General (DG), which rose 3% after Bloomberg said that the company is exploring a bid for Family Dollar (FDO), which it had previously passed on before the latter announced a deal to be acquired by Dollar Tree (DLTR). Among the noteworthy losers was ChannelAdvisor (ECOM), which dropped 28% after its earnings report was followed by analysts at Stifel and RW Baird lowering their respective price targets on the stock to the low $30 area from $40 per share, where both firms previously had their targets pegged. Also lower following its earnings report was RetailMeNot (SALE), which tumbled 26% after the company last night reported weaker than expected results and cut its guidance and saw RBC Capital downgrade its stock to Sector Perform from Outperform. INDEXES: Near midday, the Dow was down 87.69, or 0.53%, to 16,481.59, the Nasdaq was down 20.02, or 0.46%, to 4,363.87, and the S&P 500 was down 10.89, or 0.56%, to 1,928.10.
News For TGT;WFM;DG;FDO;DLTR;ECOM;SALE;CHGG From The Last 14 Days
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February 24, 2015
10:06 EDTCHGGHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
10:00 EDTCHGGOn The Fly: Analyst Upgrade Summary
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08:56 EDTCHGGOn The Fly: Pre-market Movers
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08:23 EDTCHGGChegg upgraded at BMO Capital
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08:22 EDTSALERetailMeNot initiated with a Buy at BWS Financial
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07:37 EDTTGTTarget February weekly volatility elevated into Q4 and outlook
Target February weekly call option implied volatility is at 57, March is at 25, April is at 23, July is at 20; compared to its 26-week average of 20 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on February 25.
07:14 EDTECOMCantor to hold a conference
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06:28 EDTCHGGChegg upgraded to Outperform from Market Perform at BMO Capital
February 23, 2015
18:02 EDTCHGGOn The Fly: After Hours Movers
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16:14 EDTCHGGChegg sees FY15 revenue $288M-$312M, consensus $353.11M
Free cash flow in the range of $15M-$25M.
16:14 EDTCHGGChegg sees Q1 revenue $76M-$80M, consensus $87.05M
16:13 EDTCHGGChegg reports Q4 adjusted EPS 19c, consensus 15c
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16:10 EDTCHGGChegg announces agreement in principle with Ingram Content Group
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09:10 EDTCHGGChegg management to meet with JPMorgan
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08:32 EDTTGTTarget lowers online free shipping minimum to $25
Target announced that, effective immediately, all online orders of $25 or more now qualify for free shipping, with virtually no exclusions. The new minimum is decreased from $50.
07:57 EDTDGDollar General resumed with an Overweight at JPMorgan
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06:14 EDTWFMWhole Foods to host investor meeting
Investor meeting to be held on February 27 at 9 am. Webcast Link
February 20, 2015
07:20 EDTTGTWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
06:25 EDTCHGGChegg management to meet with Jefferies
Meeting to be held in Boston on February 26 hosted by Jefferies.
February 19, 2015
09:35 EDTWFMOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
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