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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:39 EDTWFM, UNFI, SFMWhole Foods advances after analyst initiates with $48 target
Shares of Whole Foods (WFM) are climbing after research firm Imperial Capital initiated coverage of the shares with an Outperform rating, saying that the recent decline in the stock has created an attractive entry point. WHAT'S NEW: Whole Foods is continuing to gain market share, and its profits can grow at a compound annual growth rate of 12% over the next three years, Imperial analyst Mitchell Pinheiro wrote in a note to investors last night. Following the stock's decline, the shares overestimate the risk facing the company, leaving it with "a reasonable chance" to beat expectations, the analyst contended. He set a $48 price target on the shares. WHAT'S NOTABLE: Citigroup yesterday took a different view on Whole Foods' outlook, cutting its price target on the name to $41 from $55. The firm cited Whole Foods' weaker than expected same-store sales and the reduction in its earnings guidance as reasons for the change. It kept a Neutral rating on the stock. OTHERS TO WATCH: Other grocery store chains that feature organic food include Sprouts Farmers (SFM) and United Natural Foods (UNFI). PRICE ACTION: In late morning trading, Whole Foods climbed 3% t $39.50.
News For WFM;SFM;UNFI From The Last 14 Days
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August 28, 2015
17:47 EDTWFMWhole Foods shares look cheap, Barron's reports
With its shares down about 50% from all-time highs, Whole Foods looks cheap, Barron's reports. On average over the past five years, the shares have been twice as expensive as the S&P 500 relative to earnings, but now that premium is only about 20%, and the stock could return 20% in a year, Barron's added. Reference Link
10:03 EDTUNFIOn The Fly: Analyst Initiation Summary
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07:36 EDTUNFIUnited Natural Foods initiated with a Sell at Pivotal Research
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August 26, 2015
10:00 EDTSFMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BRE Group (CBG) initiated with a Buy at Sterne Agee CRT... Callidus Software (CALD) initiated with an Overweight at Piper Jaffray... Jones Lang LaSalle (JLL) initiated with a Neutral at Sterne Agee CRT... Natural Grocers (NGVC) initiated with a Buy at Jefferies... NextEra Energy Partners (NEP) initiated with an Outperform at Baird... Sprouts Farmers Markets (SFM) initiated with a Hold at Jefferies... Synchrony Financial (SYF) initiated with a Buy at Buckingham... TerraForm Global (GLBL) initiated with a Buy at Citi... Trina Solar (TSL) initiated with a Sell at Axiom... Zebra Technologies (ZBRA) initiated with an Outperform at Barrington.
06:52 EDTSFMSprouts Farmers Markets initiated with a Hold at Jefferies
Target $22.
August 25, 2015
09:59 EDTSFMOn The Fly: Analyst Upgrade Summary
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07:51 EDTSFMSprouts Farmers Markets upgraded on valuation, momentum at Deutsche Bank
As noted earlier, Deutsche Bank upgraded Sprouts Farmers Market to Buy from Hold. The firm says that the stock's valuation is "very attractive." Deutsche believes that, given Sprouts' "attractive prices," the company can benefit from a decline in confidence among middle class consumers. The firm expects the company to regain momentum ,and raised its price target on the name to $24 from $20.
06:21 EDTSFMSprouts Farmers Markets upgraded to Buy from Hold at Deutsche Bank
August 24, 2015
18:02 EDTWFMS&P 500 enters correction territory amid global growth concerns
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August 21, 2015
08:53 EDTUNFIUnited Natural Foods named a Best Idea at Stephens
Stephens named United Natural Foods a Best Idea for the remainder of 2015 following better than expected preliminary Q4 results. The firm is encouraged by accelerated performance into Q1 2016, the contract renewal with a large customer, and potential for increased M&A to supplement growth in key product categories and regions. Stephens rates United Natural Foods an Overweight with a $72 price target on shares.
August 20, 2015
19:53 EDTWFMRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
10:52 EDTWFMWhole Foods calls active
Whole Foods August 33 and 33.5 calls are active on total call volume of 4K contracts (3K puts) on the subject of takeover chatter. August call option implied volatility is at 32, August weekly is at 27, September is at 28; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
07:14 EDTUNFIUnited Natural Foods guidance should change sentiment, says Canaccord
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August 19, 2015
18:34 EDTUNFIOn The Fly: After Hours Movers
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16:25 EDTUNFIUnited Natural Foods sees FY16 EPS $2.86-$2.98, consensus $3.05
Sees FY16 revenue $8.51B-$8.67B , consensus $8.61B.
16:22 EDTUNFIUnited Natural Foods sees FY15 EPS $2.85-$2.86, consensus $2.86
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16:19 EDTUNFIUnited Natural Foods reports preliminary Q4 EPS GAAP EPS 72c-73c
Consensus for Q4 EPS is 72c. Reports preliminary Q4 revenue $2.06B-$2.065B, consensus $2.05B.

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