New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>
November 25, 2014
16:35 EDTWFCFed says Wells Fargo 2014 resolution plan has shortcomings
Subscribe for More Information
07:53 EDTMAMasterCard management to meet with Deutsche Bank
Subscribe for More Information
07:22 EDTWMTWal-Mart volatility at low end of historic range as shares near record high
Subscribe for More Information
06:10 EDTWMTWal-Mart's Duncan Mac Naughton expected to announce departure, WSJ reports
Subscribe for More Information
06:04 EDTBACBank of America implied volatility of 15 at lower end of index mean range
Subscribe for More Information
November 24, 2014
08:46 EDTTITelecom Italia management to meet with JPMorgan
Subscribe for More Information
08:38 EDTWMTWal-Mart names former American Airlines CEO Tom Horton to board
Subscribe for More Information
07:01 EDTWFC, BACFed could further restrict banks' commodities businesses, NY Times says
Subscribe for More Information
06:26 EDTBACFaith-based investors ask BofA to split chairman, CEO roles, WSJ reports
Subscribe for More Information
November 23, 2014
15:30 EDTVVisa sees put option for Visa Europe in excess of $10B
In a regulatory filing from early Friday, Visa said, "We have granted Visa Europe a put option, which Visa Europe can exercise at any time and which would require us to purchase all outstanding capital stock from Visa Europe's members within 285 days. Given current economic conditions, the purchase price under the terms of the put option could likely be in excess of $10B dollars and we may need to obtain third-party financing in order to meet our obligation through the issuance of either debt or equity. An equity offering, or the payment of part of the exercise price with our stock, would dilute the ownership interests of our stockholders. Sufficient financing might not be available to us within that time on reasonable terms. In addition, we are required to assess any change in the fair value of the put option on a quarterly basis and record adjustments as necessary on our consolidated statements of operations. Consequently, the adjustments affect our reported net income and earnings per share. These quarterly adjustments and their resulting impact on our reported statements of operations could be significant. The existence of these changes in the fair value of the put option could adversely affect our ability to raise capital and increase any associated costs. If we acquire Visa Europe, we may also encounter difficulties in integrating Visa Europe's business and systems into our existing operations. If we cannot do so quickly and cost-effectively, the integration could divert the time and resources of senior management and other key resources, disrupt our current operations and adversely affect our results of operations. In addition, we would become subject to any ongoing or future regulatory disputes as a result of EU regulations that govern the operations of Visa Europe. We may also be required to assume any ongoing or future litigation involving Visa Europe."
November 21, 2014
18:23 EDTTIAmerican Tower to acquire Tim Tower Portfolio in Brazil
Subscribe for More Information
09:17 EDTWMTOn The Fly: Pre-market Movers
Subscribe for More Information
09:04 EDTACNImmigration reform to have modest impact on IT services stocks, says Bernstein
Subscribe for More Information
07:54 EDTMAMasterCard management to meet with Deutsche Bank
Meeting to be held in Frankfurt on November 21 hosted by Deutsche Bank.
07:24 EDTBAC, WFCBB&T CEO says 'banks lending recklessly' again, Reuters reports
Subscribe for More Information
November 20, 2014
17:21 EDTWMTSolarCity announces new power, energy storage projects with Walmart
SolarCity (SCTY) announced it has entered into contract with Walmart (WMT) for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities since early 2013, and will be incorporating ten additional storage projects in the next year.
11:57 EDTTITelecom Italia to ask board for nod to explore deal in Brazil, Bloomberg says
Subscribe for More Information
11:41 EDTTITelecom Italia seeks mandate to investigate deal with Oi S.A., Bloomberg says
10:02 EDTAXP, DFSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:30 EDTMAMasterCard management to meet with Deutsche Bank
Subscribe for More Information
07:23 EDTBACBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
07:11 EDTBACBofA/Merrill to hold a conference
Subscribe for More Information
November 19, 2014
16:39 EDTAXPAmerican Express initiated with a Market Perform at Bernstein
16:39 EDTDFSDiscover initiated with a Market Perform at Bernstein
Target $74.
10:29 EDTMAMasterCard management to meet with Deutsche Bank
Meeting to be held in Amsterdam on November 19 hosted by Deutsche Bank.
08:54 EDTACNExecutives' Club of Chicago to hold a meeting
CIO Murray of Northern Trust and Managing Director Larson of Accenture participate in a speech entitled, "Shifting Gears: Transforming to a Digital Enterprise in a meeting being held in Chicago on November 19 at 6 pm.
07:51 EDTMA, BACClearing House Payments Company to hold a conference
Subscribe for More Information
07:37 EDTWFCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
07:07 EDTMA, VNTVCitigroup to hold a conference
Subscribe for More Information
06:14 EDTWFCWells Fargo unit to launch Europe infrastructure fund
Subscribe for More Information
05:15 EDTWMTWalmart to match competitors' Black Friday deals one week early
Walmart announced that for the second year, the retailer is lowering the prices on popular toys, electronics and more to match or beat select Black Friday offers from national competitors one week early. Walmart’s Pre-Black Friday Event begins Friday, Nov. 21 at 8:00 a.m. and also gives customers an early taste of Walmart’s Black Friday prices by moving up items typically found on Black Friday.
November 18, 2014
17:34 EDTWFCWells Fargo, U.S. not as optimistic on settling mortgage suit, Reuters says
Subscribe for More Information
16:48 EDTWFCWells Fargo, U.S no longer confident on settlement, Bloomberg says
Subscribe for More Information
12:44 EDTMAEarnings Preview: Target sees FY14 adjusted EPS view of $3.10-$3.30
Subscribe for More Information
09:56 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
09:03 EDTWMTI.D. Systems receives three-year contract extension from Walmart
I.D. Systems (IDSY) has executed a three-year extension of its contract with Walmart Stores (WMT) to provide VeriWise trailer tracking and management services for Walmart's fleet of cargo trailers. The contract extension, which runs through October, 2017, has a maximum aggregate value of approximately $14M.
08:13 EDTWFCWells Fargo downgraded at BMO Capital
Subscribe for More Information
07:24 EDTWFCWells Fargo to hold a forum
Subscribe for More Information
06:23 EDTVSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprint’s leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelman’s communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
06:20 EDTWFCWells Fargo downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information
05:26 EDTWMTDisney Movies Anywhere now available through Walmart VUDU service
Subscribe for More Information
November 17, 2014
19:11 EDTXRXXerox management to meet with Piper Jaffray
Subscribe for More Information
12:03 EDTAXPAmerican Express reports October net write-off rate 1.3% vs. 1.2% last month
Subscribe for More Information
10:15 EDTBACBank of America reports October default rate 2.81% vs. 2.93% last month
Reports October delinquency rate 1.94% vs. 1.92% last month.
09:00 EDTAXPDollar General says now accepting American Express cards
Subscribe for More Information
08:32 EDTDFSDiscover reports October net charge-offs 1.53% vs. 1.65% last month
Subscribe for More Information
08:01 EDTVNTVVantiv investor sentiment at trough levels, says Jefferies
Jefferies believes Vantiv investor sentiment is at trough levels and that the numbers are not as bad as the stock price suggests. The firm sees an attractive entry point at current share levels and reiterates a Buy rating on the name with a $37 price target.
06:40 EDTTITelecom Italia not eyeing share sale, Reuters reports
Subscribe for More Information
06:07 EDTVStocks with implied volatility below IV index mean; CREE V
Stocks with implied volatility below IV index mean; Cree (CREE) 37, Visa (V) 17 according to iVolatility.
November 14, 2014
16:39 EDTWMTBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
16:26 EDTWMTNasdaq clear leader as major averages end week higher
Subscribe for More Information
14:46 EDTWMTDisney movies service partnering with Wal-Mart's Vudu, Reuters reports
Subscribe for More Information
10:00 EDTWMTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:43 EDTVVisa price target raised to $305 from $241 at Pacific Crest
Pacific Crest increased its price target on Visa as the firm is more upbeat about the pace of the company's innovations after meeting with its Global Head of Innovation and Strategic Partnerships. The firm believes that the company's innovations lower its disintermediation risk and may boost its transaction growth and enable it to launch new value-added services. The firm keeps an Outperform rating on the shares.
07:37 EDTWMTWal-Mart price target raised to $91 from $83 at UBS
Subscribe for More Information
07:27 EDTWMTWal-Mart price target raised to $92 from $82 at BofA/Merrill
Subscribe for More Information
06:49 EDTWMTWal-Mart downgraded to Underperform from Market Perform at BMO Capital
November 13, 2014
17:35 EDTWFCOcwen unit signs mutual termination agreement with Wells Fargo
Subscribe for More Information
17:32 EDTWFCWells Fargo, Ocwen agree to cancel sale of mortgage servicing rights
Wells Fargo & Co. (WFC) announced that its subsidiary, Wells Fargo Bank, N.A., and Ocwen Loan Servicing have mutually decided to cancel a previously announced sale to Ocwen of certain Wells Fargo residential mortgage servicing rights. Cancelation of the transaction is not expected to be material to Wells Fargo’s consolidated financial results.
16:36 EDTWMTOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
12:53 EDTWFCWells Fargo sees Q4 mortgage originations to decline from Q3
Expects Q4 mortgage originations to decline from Q3, reflecting normal seasonality in purchase market, while gain on sale margin is expected to remain within range of last four quarters. Expects to operate within targeted efficiency ratio range of 55%-59% in Q4. Wells Fargo said that while there is potential for continued net interest margin pressure, focus remains on growing net interest income over time. The comapny said it expects future reserve releases absent signification deterioration in the economy, but expect a lower level of future releases as the rate of improvement in credit loans and loan portfolio grows. Expects share count to continue to decline in Q4 as result of anticipated net share repurchases. Says mortgage business profitable and very pleased with that segment. Comments taken from slides for presentation at Bank of America Merrill Lynch Banking and Financial Services Conference.
12:44 EDTWMTOn The Fly: Midday Wrap
Subscribe for More Information
10:10 EDTAXPAmerican Express CFO sees opportunity to change cardmember mindset on borrowing
Subscribe for More Information
10:01 EDTAXPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:01 EDTDFSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
10:01 EDTAXPAmerican Express CFO sees high-growth rate in cash-back products
Subscribe for More Information
09:40 EDTWMTActive equity options trading
Subscribe for More Information
09:30 EDTDFSDiscover COO says U.S. consumer 'not great'
Subscribe for More Information
08:33 EDTWFCWells Fargo sells federal student loans to Navient
Wells Fargo & Co. (WFC) Education Financial Services announced that Navient (NAVI) will purchase a principal balance of $8.5B of Federal Family Education Loan Program loans, which are included in Wells Fargo’s held-for-sale loan portfolio. Due to a change in federal law, Wells Fargo has not issued federal student loans since June 30, 2010. This sale supports Wells Fargo’s ongoing strategic focus on its private student lending business. “By selling these FFELP loans to Navient, Wells Fargo will be in a position to focus more on meeting the needs of our private student loan customers,” said John Rasmussen, head of Wells Fargo’s Education Financial Services. “We are deeply committed to the private student loan business because next to purchasing a home or saving for retirement, paying for an education is one of the most important financial events for our customers.” ). The sale is expected to close in a series of transactions, substantially all of which are expected to be completed in fourth quarter 2014, subject to customary closing conditions. Terms of the transaction were not disclosed and the sale is not material to Wells Fargo.
07:56 EDTVNTVVantiv shares particualrly attractive, says Oppenheimer
Oppenheimer suspects that investors are underestimating the accretion that Vantiv will see from Mercury. The firm reiterates a $40 price target and Outperform rating on Vantiv.
07:38 EDTVBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:24 EDTPAY, VSunTrust to hold a conference
Subscribe for More Information
07:19 EDTWMTWal-Mart up 1.3% to $80.25 in pre-market following Q3 earnings beat
Subscribe for More Information
07:07 EDTWMTWal-Mart sees Q4 EPS $1.46-$1.56, consensus $1.57
For the 13-week period ending Jan. 30, 2015, Walmart U.S. expects comp store sales to be between flat and 1%. Sam's Club expects comp sales, excluding fuel, for the 13-week period to be between flat and 2%.
07:06 EDTWMTWal-Mart narrows FY14 EPS view to $4.92-$5.02 from $4.90-$5.15
Subscribe for More Information
07:03 EDTWMTWal-Mart reports Q3 continuing ops EPS $1.15, consensus $1.12
Subscribe for More Information
06:09 EDTWMTWal-Mart Canada planning to cut 200 jobs, Globe and Mail reports
Wal-Mart Canada is planning to cut 200 jobs, mostly at its head office in Mississauga, the Globe and Mail reports. The reduction is expected to be announced next week and follows disappointing earnings at the Wal-Mart unit over the past few quarters. Reference Link
06:05 EDTVStocks with implied volatility below IV index mean; PCLN V
Subscribe for More Information
05:39 EDTDFSDiscover downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Discover (DFS) to Hold with a $68 price target citing valuation and high expectations for loan growth. The firm sees a better risk/reward in shares of Capital One (COF), which it initiated this morning with a Buy.
05:36 EDTAXPAmerican Express initiated with a Hold at Deutsche Bank
Subscribe for More Information
November 12, 2014
16:23 EDTBACOn The Fly: Closing Wrap
Subscribe for More Information
16:00 EDTWMTOptions Update; November 12, 2014
Subscribe for More Information
15:48 EDTWMTWal-Mart November weekly 79 straddle priced for 2% move into Q1
15:29 EDTWMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
15:04 EDTWMTWal-Mart technical comments before earnings
The key technical feature on the chart is easily seen on a 5-year chart. Since early 2013 the shares have been trading in a sideways channel bound largely by $70 at the low and $80 at the high. Those bounds become the key levels to watch for post-earnings trading. A move above $80, and preferably above the life high at $81.37, would signal a new leg up had begun. It would in effect be a range breakout with the potential for a move to the $90 area over time based on the height of the channel. The stock is pushing up toward that level ahead of earnings. Equally, a major disappointment could send the shares to the low of the range at $70. That area would still need to be broken to the downside to break the range, with an eventual move to $65 possible if it was broken. If the news is insufficiently strong to push price out of the range, it will likely continue in this trading range for some time awaiting a new catalyst.
13:47 EDTWMTEarnings Preview: Wal-Mart sees FY15 net sales up 2%-3% vs. last year
Wal-Mart Stores (WMT) is scheduled to report third quarter earnings before the market open on Thursday, November 13, with a conference call scheduled for 7:00 am ET. Wal-Mart, a member of the Dow Jones Industrial Average, operates retail stores in various formats under 69 different banners in 27 countries with its "everyday low price" philosophy. EXPECTATIONS: Analysts are looking for earnings per share of $1.12 on revenue of $118.35B, according to First Call. The consensus range for EPS is $1.08-$1.17 on revenue of $115.17B-$119.67B. LAST QUARTER: Wal-Mart reported second quarter EPS of $1.21, in line with estimates, on revenue of $119.3B, against estimates of $119B. Walmart U.S. comp sales were flat for the 13-week period ended August 1, and U.S. net sales increased $1.9B, or 2.7%, to over $70B. Currency exchange rate fluctuations negatively impacted net sales by approximately $700M, the company said. Wal-Mart forecast Q3 EPS of $1.10-$1.20, with U.S. comp store sales relatively flat and Sam's Club comp sales, excluding fuel, slightly positive. and increased investments in Sam's Club membership programs. The company lowered its fiscal year 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, against estimates at that time of $5.15. The new full year guidance reflects incremental investments in e-commerce and higher U.S. health-care costs than previously anticipated. The annual effective tax rate is projected to be between 32%-34%. NEWS: On its Q2 earnings conference call, Wal-Mart lowered its FY15 e-commerce sales growth forecast to 25%. In mid-October, Wal-Mart said that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for FY15 between 2%-3% on last year’s $473.1B. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3%-5%. The company sees fiscal year 2016 net sales growth of 2%-4%, or approximately $10B-$20B of net sales growth. The company said FY16 operating expenses will grow at a rate "somewhat faster" than sales growth and operating income will be flat to slightly down. Chief Executive Officer Doug McMillon said the company will invest less in stores and more in e-commerce. Wal-Mart sees FY15 capital investments of $12.5B-$13B and FY16 capital investments $11.6B-$12.9B. Wal-Mart also sees FY16 e-commerce and digital spending of $1.2B-$1.5B. Ahead of a holiday shopping season that may be fiercely promotional, Wal-Mart is testing a program to match online prices from rivals including Amazon.com (AMZN), reported the Wall Street Journal. The company announced the "New Black Friday" will include five days of deals. STREET RESEARCH: Cleveland Research said Wal-Mart's trends softened in September and October following a strong August driven by soft traffic and less promotional activity. The firm believes Wal-Mart is positioned to maintain share during the holidays, but sees "growing caution" on the consumer spending outlook. Baird said expectations for Wal-Mart appear to be muted into the Q3 report. The firm believes sales may remain lackluster and margins may slip in the near-term, but sees international as an opportunity. During the quarter, shares were initiated with a Neutral rating at Sterne Agee. PRICE ACTION: Wal-Mart shares are up 6.9% over the last three months but are only up 0.8% year-to-date. In early afternoon trading, Wal-Mart shares are up 0.4% to $79.35.
12:38 EDTBACOn The Fly: Midday Wrap
Subscribe for More Information
12:15 EDTWMTWal-Mart November weekly 79 straddle priced for 2% move into Q1
Subscribe for More Information
11:58 EDTWMTWal-Mart weekly volatility elevated into Q3 and holiday outlook
Subscribe for More Information
10:14 EDTBACOCC fines Bank of America, Citigroup, JPMorgan $950M over FX trading
Subscribe for More Information
10:03 EDTXRXXerox to invest in HealthSpot, terms not disclosed
Xerox is investing in HealthSpot, Inc., a pioneer in patient- and provider-driven healthcare technology. The investment enables groundbreaking telehealth to be delivered to patients in convenient locations nationwide. Xerox is also partnering with HealthSpot to combine its software platform with Xerox’s business process services expertise. As the exclusive BPO provider, Xerox will deliver cloud hosting, system integration, claims eligibility and claims submissions solutions.
10:00 EDTV, PAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advent Software (ADVS) initiated with a Neutral at BofA/Merrill... Agios Pharmaceuticals (AGIO) initiated with a Buy at Canaccord... Ashford Hospitality (AHT) initiated with a Neutral at Credit Suisse... AvalonBay (AVB) initiated with a Neutral at Credit Suisse... Berkshire Hills Bancorp (BHLB) initiated with a Buy at Compass Point... Boston Properties (BXP) initiated with an Outperform at Credit Suisse... Brandywine Realty (BDN) initiated with a Neutral at Credit Suisse... Brookline Bancorp (BRKL) initiated with a Neutral at Compass Point... CNH Industrial (CNHI) initiated with an Underperform at Macquarie... Camden Property (CPT) initiated with a Neutral at Credit Suisse... Care.com (CRCM) initiated with a Buy at Craig-Hallum... Corporate Office Properties (OFC) initiated with an Underperform at Credit Suisse... DCT Industrial (DCT) initiated with an Underperform at Credit Suisse... DDR Corp. (DDR) initiated with a Neutral at Credit Suisse... Demandware (DWRE) initiated with a Buy at Mizuho... DiamondRock (DRH) initiated with a Neutral at Credit Suisse... Douglas Emmett (DEI) initiated with a Neutral at Credit Suisse... EastGroup Properties (EGP) initiated with an Underperform at Credit Suisse... Equity One (EQY) initiated with a Neutral at Credit Suisse... Equity Residential (EQR) initiated with a Neutral at Credit Suisse... Essex Property Trust (ESS) initiated with a Neutral at Credit Suisse... Forest City (FCE.A) initiated with an Outperform at Credit Suisse... General Growth (GGP) initiated with a Neutral at Credit Suisse... Host Hotels (HST) initiated with a Neutral at Credit Suisse... Hudson Pacific (HPP) initiated with an Outperform at Credit Suisse... Kilroy Realty (KRC) initiated with an Underperform at Credit Suisse... Kimco Realty (KIM) initiated with an Outperform at Credit Suisse... LaSalle Hotel (LHO) initiated with an Outperform at Credit Suisse... Macerich (MAC) initiated with a Neutral at Credit Suisse... MasterCard (MA) initiated with a Hold at Topeka... NetApp (NTAP) initiated with a Buy at Maxim... Pebblebrook Hotel (PEB) initiated with an Outperform at Credit Suisse... Prologis (PLD) initiated with an Outperform at Credit Suisse... RLJ Lodging Trust (RLJ) initiated with an Outperform at Credit Suisse... Regency Centers (REG) initiated with a Neutral at Credit Suisse... Ryerson (RYI) initiated with a Buy at Deutsche Bank... SL Green Realty (SLG) initiated with an Underperform at Credit Suisse... Simon Property (SPG) initiated with an Outperform at Credit Suisse... Strategic Hotels (BEE) initiated with a Neutral at Credit Suisse... Sunstone Hotel (SHO) initiated with an Outperform at Credit Suisse... Taubman Centers (TCO) initiated with an Outperform at Credit Suisse... UDR, Inc. (UDR) initiated with a Neutral at Credit Suisse... VWR (VWR) initiated with a Neutral at Citigroup... VeriFone (PAY) initiated with a Buy at Topeka... Visa (V) initiated with a Hold at Topeka... Vornado (VNO) initiated with a Neutral at Credit Suisse... Westfield Financial (WFD) initiated with a Buy at Compass Point... XPO Logistics (XPO) initiated with an Outperform at Cowen.
09:36 EDTWFCInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
08:07 EDTAXPMacy's, Citi Retail Services renew card agreement
Subscribe for More Information
08:06 EDTVPacific Crest to hold a conference
Subscribe for More Information
07:28 EDTAXP, WFC, BAC, V, DFSBofA/Merrill to hold a conference
Subscribe for More Information
06:46 EDTWMTWal-Mart reminds stores to display fresh grocery products, NY Times says
Wal-Mart last month issued a memo to managers around the U.S., telling them to discount older meat and baked goods to ensure that they sell before they reach their expiration dates, according to The New York Times. The memo also reminds managers to remove expired dairy products and eggs, as well as moldy or rotting produce, from shelves, and reduce inventory, the newspaper stated. Reference Link
05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Visa (V) 18 according to iVolatility.
05:24 EDTWMTWal-Mart announces 'New Black Friday' event, holiday pay for associates
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use