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Stock Market & Financial Investment News

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February 5, 2013
06:55 EDTTI, TI, TI, WFC, WFC, WFC, BAC, BAC, BAC, WMT, WMT, WMT, IFX, IFX, IFX, VNTV, VNTV, VNTV, DFS, DFS, DFS, PAY, PAY, PAY, XRX, XRX, XRX, ACN, ACN, ACN, AXP, AXP, AXP, MA, MA, MA, V, V, VSmart Card Alliance to host a summit
6th Annual 2013 Payments Summit is being held in Salt Lake City, Utah on February 5-7.
News For V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI From The Last 14 Days
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November 11, 2014
05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
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November 10, 2014
16:00 EDTWMTOptions Update; November 10, 2014
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15:54 EDTMA, VVisa, MasterCard could be hurt by new Canadian credit card rules, WSJ says
Canada is preparing to announce broad changes to its code of conduct for the credit- and debit-card industry, which could make it the first country to give merchants the right to reject mobile payments through Visa (V) and MasterCard (MA) even if the merchants accept their physical cards, said The Wall Street Journal, citing a draft copy of rules that could be announced this week. Reference Link
15:17 EDTAXP, VCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industry’s biggest players don’t allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
15:07 EDTAXPRegulators may require added disclosures on prepaid cards, DJ says
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13:10 EDTXRXXerox volatility elevated into investor meeting
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12:36 EDTWMTAbercrombie, American Eagle sink after analyst downgrades
Shares of specialty teen apparel retailers Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) are falling after a number of analysts issued negative notes on the companies. WHAT'S NEW: Oppenheimer analyst Anna Andreeva downgraded Abercrombie & Fitch to Perform from Outperform. The company's earnings outlook has become less clear as its U.S. brand has not yet become popular, and retail brand turnarounds usually take awhile, Oppenheimer analyst Anna Andreeva wrote in a note to investors. Additionally, Abercrombie's international business, which has deteriorated further this year, faces "mounting uncertainty,” the analyst stated. The analyst slashed her price target on the name to $30 from $50. Meanwhile, Barclays analyst Matthew McClintock downgraded American Eagle Outfitters to Equal Weight from Overweight. McClintock has become more pessimistic about the outlook for American Eagle's comparative store sales in the second half of 2014, given recent data points from a number of retailers, including Abercrombie & Fitch, Kohl's (KSS), Wal-Mart (WMT), J.C. Penney (JCP), and Ann Inc. (ANN). The analyst said he saw no reason why American Eagle should significantly outperform the overall apparel sector. McClintock cut his price target on the name to $11 from $15. Meanwhile, the analyst lowered his rating on the Softline Retail sector to Negative from Positive, as he believes that the sector, which includes companies that sell products like apparel, towels, and jewelry - is facing structural difficulties that are likely to persist for the next several years. Separately, research firm Janney Capital downgraded Abercrombie to Neutral from Buy in a note to investors today. PRICE ACTION: In early afternoon trading, Abercrombie & Fitch sank 3.5% to $28.50 and American Eagle dropped 4% to $12.40.
09:00 EDTWMTWal-Mart weekly volatility increases into Q3 and holiday outlook
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08:23 EDTWMTWal-Mart expectations appear muted heading into earnings, says RW Baird
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07:12 EDTV, WFCCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:53 EDTBACBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTBAC, WFCRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
November 9, 2014
18:41 EDTWMTWal-Mart to focus on food safety in China, Reuters says
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16:55 EDTWMTWal-Mart China sales impacted by country's austerity program, WSJ says
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13:00 EDTBACBofA looks for additional SEC sanctions to be waved, Bloomberg says
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November 7, 2014
11:58 EDTWMTWal-Mart call activity attributed to activist investor speculation
Wal-Mart November 80 and 81 call active of total call volume of 25K contracts (1K puts) is attributed to activist investor speculation. November call option implied volatility is at 19, December and January is at 12; compared to its 26-week average of 14 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
11:20 EDTWMTRumor: Wal-Mart strength attributed to activist investor speculation
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10:39 EDTTITelecom Italia head says poised to mull deal with Oi, Reuters says
Telecom Italia (TI) head Marco Patuano said that the company needs to review the potential to either purchase or combine with Oi (OIBR), according to Reuters, citing comments from Patuano. In October, sources said competitors led by Oi were ready to propose a bid for TIM Participacoes (TSU) in a complicated break-up agreement that would need to obtain approval from regulators. Reference Link
09:19 EDTVVisa management to meet with JPMorgan
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05:54 EDTVStocks with implied volatility below IV index mean; PCLN V
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