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Stock Market & Financial Investment News

News Breaks
July 31, 2014
11:13 EDTWFM, TFM, FWM, KRWhole Foods retreats after lowering guidance
Shares of Whole Foods Market (WFM) are sinking after the company cut its full-year guidance. WHAT'S NEW: Whole Foods reported stronger than expected third quarter revenue and earnings per shares of $3.4B and 41c, respectively, and said that its comparable store sales had risen 3.9%. However, the supermarket operator cut its full-year sales growth outlook to 9.6%-9.9% from its previous guidance of 10.5%-11%. The company also reduced its full-year EPS outlook to $1.52-$1.54 from $1.52-$1.56 and cut its full-year comparable sales growth guidance to 4.1%-4.4% from 5%-5.5%. "Our business model is producing industry-leading sales per gross square foot, healthy returns on invested capital and strong operating cash flow," said Whole Foods co-CEO Walter Robb in a statement. "We are seeing signs of stability in our sales trends and believe our strategic initiatives will help generate further momentum and produce increasing returns on invested capital over the long term," Robb added. ANALYST REACTION: JPMorgan analyst Ken Goldman downgraded the stock to Neutral from Overweight, stating that the company is likely to deliver low fiscal 2015 EPS as it increases its investments in a number of areas, including advertising, store refreshes, and home delivery. Additionally, Whole Foods could lower its fiscal 2015 EPS guidance well below the $1.74 it provided last quarter, the analyst added. Goldman reduced his fiscal 2015 and fiscal 2016 EPS estimates significantly below consensus levels and cut his price target on the stock to $38 from $48. Also downgrading the stock was UBS analyst Jason DeRise. Increased competition has caused Whole Foods' market share gains in natural food to stall, according to DeRise. To attract additional natural food customers it must cut its prices, he contended. The analyst downgraded the stock to Neutral from Buy and cut his price target to $41 from $48. Morgan Stanley was more upbeat on the stock, saying that the company's growth is poised to re-accelerate over the longer term. The firm recommended buying the stock on weakness and kept a $50 price target and Overweight rating on the shares. PRICE ACTION: In mid-morning trading, Whole Foods fell 3.4% to $37.76. Other supermarket stocks also retreated, with The Fresh Market (TFM) falling 3.5% to $29.62, Fairway Group (FWM) losing 1.8% to $5.95, and Kroger (KR) losing 1% to $49.22.
News For WFM;TFM;FWM;KR From The Last 14 Days
Check below for free stories on WFM;TFM;FWM;KR the last two weeks.
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September 15, 2014
07:28 EDTKRKroger outlook has improved, says Oppenheimer
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September 12, 2014
10:35 EDTKROptions with decreasing implied volatility
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10:02 EDTKRKroger management to meet with Oppenheimer
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September 11, 2014
11:07 EDTKROptions with decreasing implied volatility
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11:04 EDTKRKroger says expects to open more stores this year than last year
10:57 EDTKRKroger says balance sheet does not preclude company from doing M&A
10:20 EDTKRKroger sees delivering net EPS growth rate of 13%-15% for FY14
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10:01 EDTKRKroger sees long-term EPS growth 8%-11%
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09:37 EDTKRActive equity options trading on open
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08:32 EDTKRKroger raises FY14 adjusted EPS to $3.22-$3.28 from $3.19-$3.27, consensus $3.28
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08:31 EDTKRKroger recorded $26M LIFO charge in Q2 compared to $14M a year ago
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08:31 EDTKRKroger reports Q2 EPS 70c, consensus 69c
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September 10, 2014
15:50 EDTKRNotable companies reporting before tomorrow's open
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September 9, 2014
14:54 EDTWFMApple announces Apple Pay
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14:31 EDTWFMWhole Foods confirms participation with Apple Pay
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September 8, 2014
13:58 EDTWFMWhole Foods announces partnership with Instacart
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September 5, 2014
14:11 EDTKRKroger September volatility elevated into Q2 and guidance
Kroger September call option implied volatility is at 23, October is at 18, January is at 17; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 11.
09:35 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
09:29 EDTKRKroger to hire 20,000 permanent employees
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September 4, 2014
14:23 EDTWFMWhole Foods initiated with a Neutral at Janney Capital
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