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Stock Market & Financial Investment News

News Breaks
February 15, 2013
16:35 EDTWMT, HLF, TGT, DG, FDO, QLIK, BKW, LOGM, FOLDOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day, as the averages moved in a narrow range near the flatline before a midday Bloomberg report indicated Wal-Mart's (WMT) February sales were being called "a total disaster" by a company executive sent the market lower. The averages recovered in the final hour of trading, with Dow the only one of the major indices finishing in positive territory... ECONOMIC EVENTS: The New York Fed's February Empire State Manufacturing survey unexpectedly rose to 10.0 from last month's -7.78 reading. Forecast were for a -2.0 reading. The U.S. Treasury International Capital report showed foreigners bought a net $64.2B in U.S. long term assets in December. U.S. industrial production fell 0.1% in January, versus expectations for growth of 0.2%. The preliminary University of Michigan Consumer Confidence reading for February was 76.3, versus the expected 74.8... COMPANY NEWS: Shares of Herbalife (HLF) opened sharply higher following a disclosure by Carl Icahn last night that he has taken a 12.98% stake in the company, but finished well off their highs, up 47c, or 1.23%, to $38.74. Icahn, who three weeks ago appeared on CNBC with Bill Ackman, who is notably short Herbalife shares, said in his filing that he plans to discuss business and strategic alternatives with Herbalife management... An afternoon report by Bloomberg citing a leaked internal email by a Wal-Mart executive that said February sales to date have been a "total disaster," sending shares of Wal-Mart and other retailers, as well as the broader market, lower during the afternoon. Shares of Wal-Mart finished down $1.52, or 2.15%, to $69.30, while peer Target (TGT) lost $1.02, or 1.63%, to $61.71, and discount retailers Dollar General (DG), down 66c, or 1.47%, to $44.37, and Family Dollar (FDO), lost 67c, or 1.18%, to $55.94... MAJOR MOVERS: Among notable gainers was Qlik Technologies (QLIK), up $4.09, or 17.97%, to $26.85 following its Q4 report and the stock was upgraded by at least two analyst firms. Also higher following better than expected earnings was Burger King (BKW), up 78c, or 4.7%, to $17.36. Among noteworthy losers were shares of LogMeIn (LOGM), down $7.01, or 29.63%, to $16.65 after the company provided Q1 and FY13 guidance fell short of consensus estimates, leading to at least three analyst downgrades. Also lower were shares of Amicus Therapeutics (FOLD), down $1.00, or 25.71%, to $2.89 after the company presented additional data from a Fabry monotherapy study... INIDICES: The Dow gained 8.37, or 0.06%, to 13,981.76; the Nasdaq lost 6.63, or 0.21%, to 3,192.03; the S&P 500 lost 1.59, or 0.10%, to 1,519.79.
News For WMT;HLF;TGT;DG;FDO;QLIK;BKW;LOGM;FOLD From The Last 14 Days
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October 15, 2014
09:14 EDTWMTWal-Mart CEO: We've recognized situation has changed, will respond accordingly
The company expects to continue investing in supply chain to support e-commerce with real momentum there. CEO Doug McMillon says "We will win in the new era of retail." and adds that "driving demand is the only sustainable way to deliver results." Notes once again that the company will manage capital in disciplined, thoughtful manner.
09:09 EDTWMTWal-Mart expects to change capital allocation plans, short term pressure
CEO Doug McMillon said the company will invest less in stores and more in e-commerce. He adds that the company is in a "period of transformation." He said the company took leverage a bit too far, and improving short term performance is a priority for the company's business segments. McMillon said the company has room to improve in stock and at checkout. He says the changes won't happen overnight. Notes that low fuel prices are in the company's favor although healthcare is a headwind. Says the successor of competitors shows it has no excuse to not improve.
09:05 EDTWMTWal-Mart CEO: Future looks bright with the necessary changes
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06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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October 13, 2014
12:01 EDTFDOOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INFY YUM FDO HSY
09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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09:01 EDTHLFHerbalife moving distributor websites to central control, NY Post reports
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07:15 EDTTGT, WMTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
October 10, 2014
16:17 EDTFDO, DGDollar General receives second request from FTC
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12:11 EDTHLFOptions with increasing implied volatility
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10:55 EDTHLFHerbalife volatility increases
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09:37 EDTWMTWal-Mart upgraded to Buy from Neutral at Gilford Securities
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08:11 EDTFDO, DGFamily Dollar Q4 bad enough to justify merger, says FBR Capital
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October 9, 2014
16:19 EDTFDOFamily Dollar will not provide guidance for FY15
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16:17 EDTFDOFamily Dollar reports Q4 adjusted EPS 73c, consensus 77c
Reports Q4 revenue $2.61B, consensus $2.58B. Reports Q4 SSS up 0.3%. Q4 adjusted results exclude the negative impact on diluted net income per common share of 43c per share related to the Company’s restructuring charges and fees related to its pending merger with Dollar Tree.
14:32 EDTHLFIcahn says never discussed Netflix with Tim Cook
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09:41 EDTTGT, DG, FDOBofA/Merrill retail analysts hold an analyst/industry conference call
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08:02 EDTQLIKQlik Technologies announces partnership with Fujitsu
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
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