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Stock Market & Financial Investment News

News Breaks
August 5, 2014
12:37 EDTECOM, DG, CHGG, DLTR, WFM, SALE, FDO, TGTOn 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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November 17, 2014
14:21 EDTTGTEarnings Preview: Home Depot shares up over 17% since last earnings report
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09:00 EDTDGDollar General says now accepting American Express cards
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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
17:27 EDTFDOPaulson & Co. gives quarterly update on stakes
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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
08:06 EDTECOMPacific Crest to hold a conference
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07:37 EDTTGTTarget shares overvalued, says MKM Partners
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07:04 EDTDLTR, FDO, DGFamily Dollar reaffirms recommendation to merge with Dollar Tree
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November 11, 2014
09:37 EDTWFMActive equity options trading
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November 10, 2014
13:46 EDTSALEZhengxu He reports 7.61% passive stake in RetailMeNot
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11:35 EDTWFMStocks with call strike movement; WFM KORS
Whole Foods (WFM) February 52.5 call option implied volatility increased 2% to 28, Michael Kors (KORS) May 85 call option implied volatility decreased 2% to 31 according to IVolatility.
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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07:34 EDTWFMApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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05:54 EDTWFMStocks with implied volatility movement; WFM AEO
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05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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