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Stock Market & Financial Investment News

News Breaks
November 14, 2012
06:58 EDTWMT, COST, HDLarge retailers offering financial services, NY Times says
Some of the nation's largest retailers - including Wal-Mart (WMT), Costco (COST) ,and Home Depot (HD) - are offering a wide array of financial services, according to The New York Times. Reference Link
News For WMT;COST;HD From The Last 14 Days
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October 30, 2014
10:09 EDTHDLowe's, Home Depot rise after Goldman says housing outlook improved
Shares of Lowe's (LOW) and Home Depot (HD) are rising after Goldman Sachs became more upbeat on both companies. The firm said that the housing sector's improved outlook made the stocks more attractive. WHAT'S NEW: Goldman Sachs analyst Matthew Fassler upgraded Lowe's to Buy from Neutral and raised his price target on the shares to $63 from $58. He increased his price target on Home Depot to $103 from $100 but kept a Neutral rating on the stock. Fassler increased his estimates for both companies to reflect his greater optimism about the housing sector in 2015-2016. The analyst said that his upgrade of Lowe's also reflects his more upbeat view of retail stocks linked to housing, given the lack of cyclical challenges facing the housing market. Furthermore, Lowe's can increase its margins significantly, as they are much further below their peak than most of the company's peer, according to Fassler. Meanwhile, the big box, Do-It-Yourself retailers face little competition from Amazon (AMZN), added the analyst. PRICE ACTION: In early trading, Lowe's climbed 0.5% to $56.09, while Home Depot rose fractionally to $96.48.
08:54 EDTWMTWal-Mart considers matching online prices from Amazon for holidays, WSJ says
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06:28 EDTWMTMajor merchant group could accept NFC technology, NY Times says
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06:28 EDTHDLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
06:04 EDTWMTMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
12:22 EDTCOSTCostco downgraded to Buy from Strong Buy at Tigress Financial
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11:48 EDTWMTCurrentC mobile payment system endures breach, Business Insider says
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07:53 EDTWMTMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
11:44 EDTWMTGameStop weakness on Wal-Mart news a buying opportunity, says Piper Jaffray
Piper Jaffray believes the impact of Wal-Mart (WMT) on GameStop's (GME) used business will be immaterial and views today's pullback as a buying opportunity. Piper notes that the entrance of Wal-Mart into any market should not be taken lightly, but other retailers have tried and failed before to enter the used game business and that Wal-Mart's entry actually refutes the bear thesis on GameStop that the used game business is not attractive. The firm maintains its Overweight rating and $53 price target on GameStop.
10:27 EDTWMTGameStop retreats after Wal-Mart begins selling used video games
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09:08 EDTWMTWal-Mart says 1,700 stores selling pre-owned video games
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06:56 EDTWMTWal-Mart rejecting Apple Pay for consumer 'best interests', Business Insider say
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06:38 EDTWMTApple says Apple Pay in 220,000 locations already, Business Insider reports
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October 27, 2014
10:32 EDTHDVeriFone rises after Barron's says Apple Pay positive for company
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07:15 EDTWMTWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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October 23, 2014
13:40 EDTWMTWal-Mart's Sam's Club offering services to small businesses
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October 22, 2014
09:50 EDTWMTCredit Suisse to hold a field trip
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October 21, 2014
06:22 EDTHDStaples may be latest retailer to be hacked, Krebs reports
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October 20, 2014
14:01 EDTCOSTCostco upgraded to Outperform from Peer Perform at Wolfe Research
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07:42 EDTWMTWal-Mart de Mexico reports Q3 net income 4.87B pesos vs. 5.12B pesos last year
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