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July 13, 2014
09:55 EDTTJX, TJX, SPLS, SPLS, GME, GME, BBBY, BBBY, WFM, WFM, TGT, TGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
GameStop (GME), Staples (SPLS), Target (TGT), and Bed Bath & Beyond (BBBY) look like value targets, while TJX (TJX), and Whole Foods (WFM) are inexpensive growth stocks, Barron's contends in its cover article. Target could be attractive to an activist, the paper adds. Reference Link
News For TJX;SPLS;GME;BBBY;WFM;TGT From The Last 14 Days
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July 29, 2015
15:59 EDTWFMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 47c... MetLife (MET), consensus $1.48... Williams (WMB), consensus 24c... Vertex (VRTX), consensus (58c)... O'Reilly Automotive (ORLY), consensus $2.26... NXP Semiconductors (NXPI), consensus $1.37... Marriott (MAR), consensus 81c... Fiserv (FISV), consensus 94c... Western Digital (WDC), consensus $1.45... SBA Communications (SBAC), consensus 9c... Whole Foods (WFM), consensus 45c... Lincoln National (LNC), consensus $1.53... Lam Research (LRCX), consensus $1.47... ServiceNow (NOW), consensus (2c)... Qorvo (QRVO), consensus $1.06... Hologic (HOLX), consensus 39c.
15:08 EDTWFMNotable companies reporting after market close
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14:15 EDTWFMWhole Foods technical comments ahead of earnings
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14:12 EDTWFMWhole Foods July weekly 41 straddle priced for 8.1% movement into Q3
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13:17 EDTWFMEarnings Preview: Whole Foods 'value' concept in focus ahead of earnings
Whole Foods Market (WFM) is scheduled to report third quarter earnings after the market close on Wednesday, July 29, with a conference call scheduled for 5:00 pm ET. Whole Foods Market is a retailer of natural and organic foods and grocer, with over 400 stores through the U.S., Canada, and the U.K. EXPECTATIONS: Analysts are expecting earnings per share of 45c on revenue of $3.69B, according to First Call. The consensus range for EPS is 43c-47c on revenue of $3.58B-$3.8B. LAST QUARTER: On May 6, Whole Foods reported second quarter EPS excluding special items of 43c, matching consensus estimates, on revenue of $3.65B, falling just short of analyst expectations of $3.7B. Whole Foods also reported second quarter same store sales growth of 3.6%. The company backed its expectation for fiscal year 2015 same store sales growth in a low to middle single digits percentage range. WHAT'S NOTABLE: During its second quarter earnings conference call, Whole Foods announced that it will launch a lower-cost concept that will offer its "industry-leading quality standards at value prices," geared toward millennial shoppers while appealing to "anyone looking for high-quality fresh food at great prices." The company said at the time it plans to begin opening stores next year and sees a "fairly rapid expansion" from there. On June 11, Whole Foods said the name of its value-focused brand will be "365 by Whole Foods Market," slated to begin opening stores in 2016. On July 1, regarding pricing issues in its New York stores, Whole Foods released a video in which co-CEOs John Mackey and Walter Robb stated, "Straight up, we've made some mistakes. We want to own that, and tell you what we're doing about it... We know [the mistakes are] unintentional because the mistakes are both in the customer's favor, and sometimes not in the customer's favor... We're doing a number of things [to fix this issue]. Most importantly, we're going to increase our training in our New York stores and around the country, because we want to be perfect in this area... Secondly, we're implementing a third-party auditing system so that we can see whether we're making progress in this area or not - and in another 45 days, we're going to begin reporting back to you, the customer, exactly what kind of progress we're making here. The final thing is that we want to give [a] 100% guarantee to our customers. If for any reason you think there's a mistake... if there's a mistake that's not in your favor, we promise to give you that item for free." STREET RESEARCH: On the day after the company's last earnings report, the stock received at least one upgrade and at least one downgrade. RBC Capital upgraded the stock to Outperform from Sector Perform, thinking that its comparable sales can accelerate, driven by easier comparisons and store refreshes. RBC also lowered Whole Foods' price target to $51 from $54. The same day, Bank of America Merrill Lynch downgraded Whole Foods to Neutral and cut its price target on shares to $48 from $65, citing an uncertain same store sales outlook and the potential impact of its new store concept on its core business. Credit Suisse maintained its Neutral rating on the company, but lowered the price target to $40 from $52 due to weaker Q2 comps and the strategy shift to a value-oriented format. Deutsche Bank also lowered its price target for Whole Foods to $40 from $54 for similar reasons. On June 9, Macquarie initiated Whole Foods with a Neutral rating and a $44 price target. On July 13, Cowen said its survey of over 1,000 U.S. consumers regarding their food behaviors indicated that that buyers are in an early stage of demand for more transparent grocery and restaurant offerings. Cowen added in that note that it was concerned about how Whole Foods' rollout of a second concept could potentially impact its core brand. PRICE ACTION: Shares of Whole Foods have slid more than 13.5% over the past three months. In afternoon trading, Whole Foods shares were up 1.6% to $41.60 ahead of the company's earnings report tonight.
July 28, 2015
18:06 EDTTJXTJX to acquire Trade Secret from Gazal for A$80M
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July 27, 2015
06:55 EDTWFMWhole Foods July weekly volatility elevated into Q3 and outlook
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July 24, 2015
08:32 EDTWFMWhole Foods July weekly volatility elevated into Q3 and outlook
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06:53 EDTSPLSAmazon urges FTC to approve Staples-Office Depot deal, NY Post says
Amazon (AMZN) founder and CEO Jeff Bezos has reached out to FTC regulators through intermediaries supporting approval of Staples' (SPLS) proposed $6.3B offer to acquire Office Depot (ODP), the New York Post reports, citing sources familiar with the matter. Reference Link
06:37 EDTTGTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTTGTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 22, 2015
08:38 EDTTGTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 20, 2015
13:46 EDTTGTAmazon seen eclipsing Macy's as top U.S. clothing retailer
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10:17 EDTSPLSHigh option volume stocks
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July 19, 2015
18:13 EDTTGTMacy's considered, rejected sale/lease-backs in past, WSJ says
Macy's (M) executives have considered sale/lease-backs "over the years" and have come to negative conclusions, reports the Wall Street Journal, citing people familiar with the company. The report comes in the wake of Starboard Value pressuring Macy's to spin off its real estate, and sources said the activist investor sees several options, including a REIT, a Hudsonís Bayís-style real estate partnership, a sale/lease-back, or borrowing money against the properties. Separately, a source said Target (T) is still reluctant to relinquish control over its real estate. Reference Link
July 17, 2015
09:17 EDTGMEGameStop completes Geeknet acquisition
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05:51 EDTGMEJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
July 16, 2015
13:22 EDTGMEBest Buy purchase of GameStop unlikely, says Oppenheimer
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11:52 EDTGMEGameStop call activity attributed to takeover speculation
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11:47 EDTGMERumor: GameStop strength attributed to takeover speculation
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