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News Breaks | | | | January 10, 2013 | | 12:25 EDT |  | ARO, NOK, WMT, MCP, SVU, URBN, F | On The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, as a slightly worse than expected weekly jobless claims report in the U.S. was balanced by strong export data from China. With the earnings season not set to begin in earnest until next week, and no sign of urgency from lawmakers to pick up their debate on the impending debt ceiling until the last minute again, the market may be range-bound in the near term... ECONOMIC EVENTS: In the U.S., weekly jobless claims rose 4K to 371K, versus expectations for 362K claims. Wholesale inventories increased 0.6% in November, versus expectations for an increase of 0.2%. The Job Openings & Labor Turnover survey showed advertised job openings climbed 11,000 in November to 3.67M, which was about 12% more than in the same month a year ago. In Europe, the ECB kept its main interest rate unchanged. The Bank of England also voted, as expected, to keep its main interest rate unchanged and not to buy more government bonds. China's trade surplus rose to $31.6B in December from $19.6B in November, as exports increased 14.1% compared with the same period a year earlier, widely beating expectations for a 4.5% increase. Imports gained 6%, compared to expectations for a 2.6% increase... COMPANY NEWS: Wal-Mart (WMT) shares slid nearly 1% after two Congressmen suggested that the company's current CEO knew as early as 2005 about bribery allegations against the retailer in Mexico... Ford (F) rose 2.5% after the company doubled its quarterly dividend to 10c per share... Supervalu (SVU) rose almost 13% after the company reported a quarterly profit on sales that were roughly in-line with expectations, but more importantly agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3B... MAJOR MOVERS: Among the notable gainers was Nokia (NOK), which surged over 18% after announcing its Mobile Phones business unit and Lumia portfolio delivered better than expected results in Q4 and operating expenses were lower than expected. Also higher were shares of Urban Outfitters (URBN), up 4% after it reported a 9% increase in comparable retail segment net sales during the holiday season and research firm Piper Jaffray raised its price target on the shares. Among the noteworthy losers were Molycorp (MCP), down 21% after forecasting lower than expected 2013 revenue and cash flow, and Aeropostale (ARO), down 6% after cutting its Q4 profit view and having shares downgraded to Hold at Brean Capital... INDICES: Near noon, the Dow was up 14.49, or 0.11%, to 13,405.00; the Nasdaq was down 0.40, or 0.01%, to 3,105.41; and the S&P 500 was up 3.85, or 0.26%, to 1,464.87. | |
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News For WMT;F;SVU;NOK;URBN;MCP;ARO From The Last 14 Days Check below for free stories on WMT;F;SVU;NOK;URBN;MCP;ARO the last two weeks. |
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| May 21, 2013 | | 16:04 EDT |  | F, MCP | Options Update; May 21, 2013
 Subscribe for More Information | | | 14:50 EDT |  | WMT | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 14:09 EDT | | WMT | Waste Management volatility low as shares rally to record high
Waste Management overall option implied volatility of 15 is below its 26-week average of 17 according to Track Data, suggesting decreasing price risk. | | | 09:42 EDT | | MCP | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:33 EDT |  | F | Bloomberg LINK to host a summit
Subscribe for More Information | | | 09:19 EDT | | MCP | China rare-earth exports rose 28% in April from prior month, WSJ says
Subscribe for More Information | | | 07:32 EDT | | WMT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:30 EDT |  | ARO | Aeropostale shares should be bought on any weakness after Q1 results, at RBC Capital
RBC Capital expects Q1 results to be "difficult" for Aeropostale. However,the firm thinks the company has "pockets of hope," as it expects the company's merchandise to improve in 2H13 and 2014. The firm keeps a $24 price target and Outperform rating on the stock. | | | 06:17 EDT | | F | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | 06:11 EDT | | URBN | Urban Outfitters added to Best Ideas List at Janney Capital
Janney added Buy rated Urban Outfitters to its Best Ideas List and said comps are running +9% quarter-to-date. | | | | May 20, 2013 | | 19:01 EDT |  | URBN | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:05 EDT |  | URBN | Urban Outfitters trades lower initially after earnings, first look
Subscribe for More Information | | | 16:02 EDT |  | URBN | Urban Outfitters reports Q1 EPS 32c , consensus 29c
Reports Q1 revenue $648M, consensus $655.08M. Comparable retail segment net sales, which include comparable direct-to-consumer channel, increased 9%. Comparable retail segment net sales increased 44% at Free People, 8% at Anthropologie and 6% at Urban Outfitters. Wholesale segment net sales rose 16%. | | | 15:22 EDT | | URBN | Notable companies reporting after market close
Subscribe for More Information | | | 07:53 EDT | | URBN | Urban Outfitters volatility increases into Q1 and sales outlook
Urban Outfitters overall option implied volatility of 35 is above its 26-week average of 31 according to Track Data, suggesting larger price movement into the expected release of Q1 results today after the market close. | | | 07:32 EDT | | NOK | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | 07:31 EDT | | WMT | Retailers can open warehouses in India areas against FDI, Economic Times says
Subscribe for More Information | | | 06:01 EDT | | F | Imported car prices in China decline, Bloomberg reports
Subscribe for More Information | | | 05:35 EDT | | F | Ford Fusion Energi earns top vehicle safety rating from NHTSA
Subscribe for More Information | | | May 17, 2013 | | 16:00 EDT | | F | Options Update; May 17, 2013
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