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Stock Market & Financial Investment News

News Breaks
November 29, 2012
12:05 EDTAAP, BKS, LQDT, RIMM, BLOX, ARO, M, TGT, JWN, GPS, LTD, GES, KSS, TIFOn The Fly: Midday Wrap
Stocks on Wall Street were higher throughout the morning but fell sharply after tough words from House Speaker John Boehner aimed at Democrats and the White House. The initial reading on gross domestic product growth in the third quarter was revised up and October pending home sales were higher than expected, but the economic data was largely overshadowed by the ongoing political drama that continues to drive the market's swings. The averages quickly recovered a bit after the end of Boehner's press conference but head into the second half of the trading day well off their earlier highs... ECONOMIC EVENTS: In the U.S., weekly jobless claims dropped 23,000 from last week's upwardly revised level to 393,000, versus expectations for claims to fall to 390,0000. The Commerce Department revised its estimate for the gain in Q3 GDP to 2.7% from the previously reported 2% gain. Analysts expected growth to be revised to a 2.8% rate. However, within the report, Q3 consumer spending was lowered to a 1.4% growth rate from the 2% gain previously reported. Pending home sales rose 5.2% in October from the prior month, versus expectations for an increase of 1%. In Europe, the Bank of England urged commercial banks to bolster their capital levels. Also, the European Commission's monthly business and consumer survey showed a measure of economic sentiment rose to 85.7, beating forecasts, with Germany and France gaining strongly... COMPANY NEWS: Among retailers reporting November same store sales, Limited (LTD) was one of the few to beat expectations and its shares advanced 1%. Among those declining after reporting worse than expected November comparable sales were Kohl's (KSS), Gap (GPS), Macy's (M), Target (TGT) and Nordstrom (JWN)... Several retail stocks also moved following earnings reports, with Tiffany (TIF) and Aeropostale (ARO) among the notable decliners. Guess (GES), however, advanced after its quarterly report and the declaration of a $1.20 per share special dividend... MAJOR MOVERS: Among the notable gainers were Infoblox (BLOX), up 36% following its better than expected earnings and guidance, and Research in Motion (RIMM), up 6% after Goldman Sachs raised its rating on shares to Buy with a $16 price target. Among the noteworthy losers were Liquidity Services (LQDT), down 17%, and Barnes & Noble (BKS), down 10%, after their earnings reports. Also lower were shares of Advance Auto Parts (AAP), down 6% after Reuters and the New York Post said private equity bids for the company fell short of Advance's expectations, and that a sale may now be unlikely... INDICES: Near noon, the Dow was down 1.11, or 0.01%, to 12,984.00; the Nasdaq was up 9.83, or 0.33%, to 3,001.61; and the S&P 500 was up 2.09, or 0.15%, to 1,412.02.
News For TIF;KSS;GES;LTD;GPS;JWN;TGT;M;ARO;BLOX;RIMM;LQDT;BKS;AAP From The Last 14 Days
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October 27, 2014
16:44 EDTKSSKohl's lower by almost 6% after FY14 EPS, Q3 comparable store guidance
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16:42 EDTKSSKohl's sees Q3 SSS down 1.4%, cites soft October sales
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16:40 EDTKSSKohl's sees FY14 EPS at low end of $4.05-$4.45, consensus $4.30
Sees Q3 SSS down 1.4%.
10:32 EDTTGTVeriFone rises after Barron's says Apple Pay positive for company
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09:37 EDTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
October 24, 2014
12:21 EDTARO, GPSAbercrombie & Fitch retreats after Goldman cuts to Sell
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October 23, 2014
08:41 EDTMBuild-A-Bear partners with Macy's to open shop-in-shop locations for holidays
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06:10 EDTTGTTarget's Canadian unit experimenting with overstocking, Globe and Mail reports
As part of its turnaround effort, Target Canada is experimenting with overstocking items at its premier locations and retraining employees to create a service culture, the Globe and Mail reports. Reference Link
October 22, 2014
12:42 EDTTGTTarget free shipping impact already in guidance, says Wells Fargo
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10:36 EDTGPSGap October calls active amid speculation it is reviewing strategic alternatives
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10:12 EDTGPSRumor: Gap up amid speculation it is reviewing strategic alternatives
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09:50 EDTTGT, JWNCredit Suisse to hold a field trip
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08:32 EDTBKSSamsung, Barnes & Noble introduce new large screen Galaxy Tab 4 NOOK
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05:50 EDTTGTTarget announces partnership with STORY
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05:49 EDTTGTTarget announces plans for holiday shopping season
Target announced new initiatives for the holiday season centered on products, value and guest-friendly services; including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20. With conversion on Targetís digital channels up 40% this year, guests are turning to Target.com for more of their shopping. To make it even easier for guests, for the first time, Target will offer free shipping on all Target.com orders for the holidays, now through Dec. 20. Additionally, more than 65,000 items are now available for Store Pickup on Target.com and 80% of orders are fulfilled within one hour, making it a convenient option for busy shoppers through Christmas Eve. Target will launch a Wish List app beginning Oct. 31; a modern and digital take on the classic tradition of creating holiday wish lists for parents and kids. Cartwheel will offer daily deals for its more than 10M users, and from Nov. 2-Dec. 24, Cartwheel will offer 50% off a different toy every day. The app will have new features for the holidays, including special deals for top users, personalized recommendations and a select number of popular offers that do not expire. For the third year, Target is extending the timeframe of its Price Match Policy for the holiday season beyond the typical seven day window.
October 21, 2014
09:31 EDTBKSEagle Materials, GenCorp mentioned positively by Lerner, Bloomberg reports
Chesapeake Partners' Traci Lerner is said to have mentioned Eagle Materials (EXP), GenCorp (GY), Barnes & Noble (BKS) and American Airlines (AAL) as stocks she likes, according to Bloomberg, citing comments made by Lerner at the Robin Hood Conference.
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 17, 2014
10:43 EDTAROUrban Outfitters slumps after warning on continued retail sales weakness
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10:00 EDTTIFOn The Fly: Analyst Initiation Summary
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05:32 EDTTIFTiffany initiated with an Equal Weight at Barclays
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