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Stock Market & Financial Investment News

News Breaks
July 31, 2014
12:58 EDTTGT, WMT, PEPAnalysts 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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September 12, 2014
05:51 EDTWMTStocks with implied volatility movement; XHB WMT
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September 11, 2014
12:52 EDTWMTWal-Mart to sell iPhones below suggested prices, Cnet reports
Wal-Mart will begin taking preorders for Apple's (AAPL) iPhone 6 and iPhone 6 Plus for $179 and $29 respectivelytomorrow, and customers who pre-order the iPhnoes will also receive a $15 e-gift card from Wal-Mart, Cnet reported last night. Apple had said it was selling the iPhones for $199 and $299. Reference Link
07:13 EDTWMTSome retailers wary of Apple Pay platform, Reuters says
Apple (AAPL) Pay's success is dependent on incorporating more large retailers such as Wal-Mart (WMT) and Best Buy (BBY) into the service, but both retailers recently ceased accepting payments using NFC terminals, according to Reuters, citing comments from Best Buy spokesman Jeff Shelman. Shelman said, "At this point we have no plans to accept Apple Pay." Reference Link
September 9, 2014
16:15 EDTTGTTarget CEO to narrow focus to re-energize 'signature' categories, WSJ says
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13:58 EDTTGTStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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September 8, 2014
12:29 EDTTGTHome Depot victim of same malware that hit Target, Krebs reports
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September 5, 2014
08:21 EDTWMTWal-Mart seeks lower rent, more control with China mall, China Daily says
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September 4, 2014
08:25 EDTTGTHome Depot could see less impact than Target from data breach, says BMO Capital
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September 3, 2014
11:42 EDTWMTWal-Mart de Mexico scales back 2014 store expansion plans, WSJ says
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09:36 EDTPEPPepsiCo says 'not where we want to be' in North America beverages
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September 2, 2014
17:15 EDTPEPPepsiCo backs FY14 constant currency EPS growth guidance of 8%
In advance of the Barclays Back-to-School Consumer Conference in Boston, Massachusetts, PepsiCo stated that, consistent with its previous guidance for FY14, PepsiCo expects 8% core constant currency EPS growth in FY14 versus its FY13 core EPS of $4.37. Based on the current foreign exchange market consensus, PepsiCo currently expects that foreign exchange translation will have an unfavorable impact of approximately 4% points on its full-year core EPS growth in 2014. Excluding the impact of structural changes and foreign exchange translation, organic revenue in 2014 is expected to grow mid-single digits versus 2013, consistent with PepsiCoís long-term target. Based on the current foreign exchange market consensus, PepsiCo currently expects foreign exchange translation to have an unfavorable impact of approximately 3 percentage points on its full-year net revenue growth in 2014.
10:09 EDTPEPStudy finds adverse heart events associated with energy drinks, ScienceWR says
A study presented at the European Society of Cardiology congress concluded that caffeinated energy drinks can be associated with several adverse heart conditions including angina, cardiac arrhythmia and sudden death, reported Science World Report. Monster Beverage (MNST) markets energy drinks and recently struck a deal to acquire additional energy drink brands from Coca-Cola (KO). PepsiCo also markets energy drinks. Reference Link

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