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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:06 EDTWAGWalgreen reports June SSS up 7.5%
Walgreens had June sales of $6.28B, an increase of 8.9%. Sales in comparable stores increased by 7.5% in June. Calendar day shifts positively impacted total comparable sales by 1.7 percentage points and generic drug introductions in the last 12 months negatively impacted total comparable sales by 0.9 percentage point. Comparable store front-end sales increased 1.3%. Customer traffic in comparable stores decreased 2.0% while basket size increased 3.3%. Prescriptions filled at comparable stores increased by 7.3% in June and increased 4.7% on a calendar day-shift adjusted basis. Comparable store pharmacy sales increased 11.3% and increased by a calendar day-shift adjusted 8.7%.
News For WAG From The Last 14 Days
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August 21, 2014
06:00 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
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August 20, 2014
08:09 EDTWAGWalgreen pressured CFO, pharmacy chief to leave, WSJ reports
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06:00 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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August 19, 2014
06:01 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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August 18, 2014
06:04 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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August 15, 2014
06:06 EDTWAGStocks with implied volatility below IV index mean; SEAS WAG
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August 14, 2014
14:06 EDTWAGWalgreen removed from short-term buy list at Deutsche Bank
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06:05 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
Stocks with implied volatility below IV index mean; Time Warner (TWX) 25, Walgreen (WAG) 23 according to iVolatility.
August 13, 2014
06:04 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
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August 12, 2014
06:02 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
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06:00 EDTWAGStocks with implied volatility below IV index mean; CTSH KMP
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August 11, 2014
06:10 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
Stocks with implied volatility below IV index mean; Time Warner (TWX) 27, Time Warner Walgreen (WAG) 26 according to iVolatility.
August 8, 2014
17:10 EDTWAGMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
15:18 EDTWAGWalgreen management to meet with BB&T
Meetings to be held on the West Coast on August 12-13 hosted by BB&T.
06:04 EDTWAGStocks with implied volatility below IV index mean; TWX WAG
Stocks with implied volatility below IV index mean; Time Warner (TWX) 30, Time Warner Walgreen (WAG) 26 according to iVolatility.
August 7, 2014
10:00 EDTWAGOn The Fly: Analyst Upgrade Summary
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09:08 EDTWAGOn The Fly: Pre-market Movers
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07:07 EDTWAGWalgreen upgraded to Hold from Sell at Cantor
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06:56 EDTWAGWalgreen had multiple reasons for avoiding inversion, Reuters columnist says
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