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Stock Market & Financial Investment News

News Breaks
July 31, 2014
12:58 EDTPEP, WMT, TGTAnalysts applaud Target CEO selection
Two analysts applauded Target's (TGT) decision to hire former Wal-Mart (WMT) and PepsiCo (PEP) executive Brian Cornell as its new CEO. WHAT'S NEW: Target announced that it had tapped Cornell, a former CEO of Wal-Mart's Sam's Club unit, as its new CEO, effective August 12. Cornell's most recent position was at Pepsi, where he served as the CEO of the company's PepsiCo Americas Foods unit. He has had more than 30 years of experience at some of the nationís leading retail and consumer product companies, Target added. ANALYST REACTION: Janney Capital analyst David Strasser praised Target's decision to hire Cornell. During Cornell's tenure at Wal-Mart, he was taking Sam's Club in a positive direction, the analyst believes. Over the course of the three years during which Cornell led Sam's Club, the division's comparative sales growth increased to mid single digit percentage levels from low single digit percentage levels and he was thought of as a solid leader, according to Strasser. Cornell has has "the right mix and background" to lead Target, added the analyst, who nonetheless kept a Neutral rating on the shares. Similarly, Peter Benedict, an analyst at research firm Robert W. Baird, called Cornell "a talented and well-respected leader." Cornell emphasized merchandise quality, space productivity, and labor/operational efficiencies while he was at the helm of Sam's Club, Benedict stated. Sam's Club's membership trends accelerated when Cornell was CEO there, Benedict reported. The analyst also kept a Neutral rating on Target's shares. Meanwhile, another research firm, Cowen, upgraded Target to Market Perform from Underperform, citing Cornell's hiring. PRICE ACTION: In early afternoon trading, Target fell 2% to $60.18.
News For TGT;WMT;PEP From The Last 14 Days
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February 7, 2016
16:48 EDTPEPPepsiCo pursued major stake in Chobani, Bloomberg says
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February 4, 2016
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
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February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
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January 29, 2016
11:02 EDTPEPPepsiCo unveils new hospitality venture with launch of Kola House
Pepsi (PEP) announces its plans to launch Kola House, the first experimental kola bar, restaurant, lounge and event space to open in the U.S. market. This first-of-its-kind hospitality venture is set to open its doors in spring 2016, with its flagship location in New York City's Meatpacking District. The flagship location will also serve as an event space for pop culture moments in music, art, style, film, sports and more. Pepsi is leveraging its partnership with Live Nation (LYV) to help build out a special music series, Live at the Kola House, which will serve as tent pole moments throughout its year-long programming. Each of the intimate, stripped down performances will bring fans up-close to the artists both visually and acoustically for the once-in-a-lifetime shows.
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
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06:07 EDTPEPPepsi making foray into restaurant business with Kola House, NY Times says
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January 26, 2016
09:32 EDTPEPActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
07:36 EDTPEPMondelez shares should be bought at current levels, says Bernstein
Bernstein says it sees "clear catalysts" that could boost Mondolez's (MDLZ) top and bottom lines. The firm says that the company's margins could expand more than expected in the near-term and reach about 20% by 2020, partly due to product rationalization, an upgrade of its manufacturing base and headcount reductions. The firm thinks the company could combine with PepsiCo (PEP) or be acquired by Kraft-Heinz (HNZ) in 2017. Bernstein identifies the stock as a top pick for 2016.
January 25, 2016
16:49 EDTWMTMurphy USA announces $500M share buyback, shift in Walmart relationship
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