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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:39 EDTWFM, SFM, UNFIWhole 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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July 31, 2014
06:33 EDTWFMWhole Foods downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Whole Foods to Neutral citing limited visibility and reduced estimates following the company's Q3 results. The firm lowered its price target for shares to $38 from $48. Whole Foods was also downgraded this morning at UBS.
06:30 EDTWFMWhole Foods downgraded to Neutral from Buy at UBS
06:01 EDTWFMWhole Foods implied volatility of 45 at upper end of index mean range
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July 30, 2014
18:54 EDTWFMOn The Fly: After Hours Movers
UP AFTER EARNINGS: VistaPrint (VPRT), up 20.6% after reporting better than expected quarterly results and guiding fiscal 2015 higher than analyst estimates... Mobileiron (MOBL), up 16.5%... LivePerson (LPSN), up 10.6%... Equinix (EQIX), up 1.1%... Whiting Petroleum (WLL), up 1.2%. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 9.9% after reporting second quarter results and that it will acquire Cie Games for $100M in cash and stock... ServiceNow (NOW), down 5.8%... Akamai (AKAM), down 5.3%... Westell Technologies (WSTL), down 7.5%... Solazyme (SZYM), down 4%... Whole Foods (WFM), down 3.4% after reporting third quarter results and guidance for the fourth quarter and fiscal 2014... Kraft Foods (KRFT), down 1.6%... Lam Research (LRCX), down 1.6%... Yelp (YELP), reverses in after-hours trading and shares are down marginally after reporting a decline in newly added businesses. ALSO LOWER: Penn Virginia (PVA), down 2.1% after announcing that it has sold Eagle Ford Shale acreage rights for $150M... Yum! Brands (YUM), down 5.6% after saying that OSI had a "significant, negative impact" to its sales in China.
16:12 EDTWFMWhole Foods sees Q4 EPS 31c-33c, consensus 34c
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16:09 EDTWFMWhole Foods down 7% after lowering FY14 outlook
16:08 EDTWFMWhole Foods narrows FY14 EPS view to $1.52-$1.54 from $1.52-$1.56
FY14 consensus $1.53. Lowers FY14 sales growth view to 9.6%-9.9% from prior 10.5%-$11%. FY14 revenue consensus $14.28B. Lowers FY14 comparable sales growth view to 4.1%-4.4% from 5.0%-5.5%. Lowers FY14 number of expected new stores to 38 from 36-39. Lowers FY14 CapEx view to $725M-$750M from $675-$725M.
16:06 EDTWFMWhole Foods drops after earnings report, levels to watch
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16:04 EDTWFMWhole Foods announces new $1B share repurchase plan
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16:03 EDTWFMWhole Foods reports Q3 EPS 41c, consensus 39c
Reports Q3 revenue $3.4B, consensus $3.39B. Reports Q3 comparable store sales increased 3.9%.
16:00 EDTWFMOptions Update; July 30, 2014
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15:31 EDTWFMNotable companies reporting after market close
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12:56 EDTWFMWhole Foods Markets August weekly volatility elevated into Q3
theflyonthewall.com: Whole Foods Markets August weekly volatility elevated into Q3 Whole Foods Markets August weekly call option implied volatility is at 99, August is at 44, November and January is at 29; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on July 30. :theflyonthewall
July 29, 2014
05:56 EDTWFM Stocks with implied volatility movement; WFM MU
Stocks with implied volatility movement; Whole Foods (WFM) 46, Micron (MU) 38 according to iVolatility.
July 28, 2014
07:30 EDTWFMWhole Foods Markets August weekly volatility elevated into Q3
Whole Foods Markets August weekly call option implied volatility is at 99, August is at 44, November and January is at 29; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on July 30.
July 22, 2014
10:00 EDTWFMOn The Fly: Analyst Downgrade Summary
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08:35 EDTWFMWhole Foods downgraded to Underperform from Peer Perform at Wolfe Research
Wolfe Research downgraded Whole Foods to Underperform based on checks that indicate increased promotions and weaker sales trends.
08:21 EDTWFMWhole Foods continues to have share gain opportunities, says Morgan Stanley
Morgan Stanley believes Whole Foods can continue to grow its share within the natural/organic market to 29% in 2018 from 24% in 2013. The firm said Whole Foods benefits from its leading position and sees upside potential to estimates. Shares are Overweight rated with a $50 price target.
July 21, 2014
06:15 EDTWFMWhole Foods implied volatility of 43 at upper end of index mean range
July 18, 2014
16:17 EDTUNFIUnited Natural Foods files to sell 111,887 shares of common stock for holders
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