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Stock Market & Financial Investment News

News Breaks
March 20, 2014
06:33 EDTHD, WMT, LOWWal-Mart to be aggressive in outdoor, garden business, NY Times says
Wal-Mart (WMT) for the first time will launch a major initiative to increase its outdoor and garden sales this spring, according to The New York Times. The giant retailer will offer major discounts on more than 60 items in those areas, the newspaper stated. Home Depot (HD) and Lowe's (LOW) also compete in those markets. Reference Link
News For WMT;HD;LOW From The Last 14 Days
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February 24, 2015
06:05 EDTHDHome Depot sees FY15 EPS $5.11-$5.17, consensus $5.23
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06:04 EDTHDHome Depot targets dividend payout ratio of approximately 50%
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06:03 EDTHDHome Depot board authorizes $18B share repurchase program
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06:03 EDTHDHome Depot board increases quarterly dividend by 26% to 59c
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06:02 EDTHDHome Depot reports Q4 adjusted EPS $1.00, consensus 89c
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February 23, 2015
15:23 EDTHDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
14:05 EDTHDEarnings Preview: Home Depot shares up over 14% since last earnings report
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13:47 EDTHDHome Depot technical comments before earnings
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10:50 EDTWMTWal-Mart to host 2015 Global Sustainability Milestone Meeting
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07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
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February 22, 2015
15:31 EDTWMTMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
16:48 EDTWMTDow, S&P 500 finish week at record highs after Greek deal reached
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16:03 EDTWMTOptions Update; February 20, 2015
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13:20 EDTWMTAnalysts divided on Wal-Mart after results, pay raise announcement
Barclays cut its rating on Wal-Mart (WMT) this morning after the world's largest retailer reported its quarterly results and gave forward looking guidance yesterday. However, research firm Janney Capital wrote in a note to investors that it believes shares of Wal-Mart will probably outperform going forward, as other retailers are likely to implement wage hikes similar to the one that the giant discounter announced. BACKGROUND: Yesterday Wal-Mart announced that it would raise the wages of all of its employees to at least $10 per hour by February 2016. The company also reported higher than expected fourth quarter profits, excluding certain items, but its Q4 revenue came in below expectations. Moreover, the retailer provided lower than expected profit guidance for its fiscal 2016 and lowered its fiscal 2016 sales growth guidance to 1%-2% from its previous outlook of 2%-4%. Wal-Mart's stock fell significantly yesterday after the quarterly report. ANALYST REACTION: Barclays lowered its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. Meanwhile, Janney Capital analyst David Strasser said Wal-Mart's stock dropped because of worries about the company's spending and the hit the company took from negative foreign exchange trends. However, other retailers are likely to implement similar wage hikes, causing the entire sector to come under pressure and enabling Wal-Mart's stock to outperform going forward, according to Strasser. Additionally, Wal-Mart is likely to continue to benefit from higher gas prices in Q1, wrote the analyst, who kept an $89 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Wal-Mart added 0.5% to $83.94.
10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:38 EDTWMTActive equity options trading on open
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09:06 EDTWMTWal-Mart can outperform as peers follow suit on wages, says Janney Capital
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07:20 EDTWMTWal-Mart wage increase may pressure Target, Staples, Reuters says
Wal-Mart's (WMT) wage increase announcement will likely pressure the retail, fast-food, and restaurant sectors to potentially follow suit, reports Reuters, citing an Edward Jones analyst and the managing director of consultancy firm Strategic Resource Group. The analysts specifically named Target (TGT) and Staples (SPLS). Reference Link
06:10 EDTHDHome Depot volatility increases into Q4 and outlook
Home Depot March weekly call option implied volatility is at 33, March is at 24, April is at 19, August is at 18; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on February 24.
05:50 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Barclays
Barclays cut its rating on Wal-Mart to Equal Weight from Overweight and dropped its price target for shares to $85 from $90. The firm says the retailer's investments to improve the shopping experience at its U.S. stores will continue into FY17 and are unlikely to produce near-term benefits. It believes Wal-Mart's Q4 domestic comps were aided by lower gas prices and easy weather comparisons, and notes that weather is unlikely to help in FY16. The stock closed yesterday down $2.77 to $83.52 after Wal-Mart reported Q4 results.
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