New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on WMT;HLF;TGT;DG;FDO;QLIK;BKW;LOGM;FOLD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
August 20, 2014
08:02 EDTTGTTarget sees Q3 adjusted EPS 40c-50c, consensus 65c
Subscribe for More Information
08:01 EDTTGTTarget says better U.S. sales have continued into August
"While results from the quarter didn’t meet our expectations, we are seeing some early signs of progress as we work to improve results in the U.S. and Canada,” said John Mulligan, executive vice president and CFO of Target Corporation. “In the U.S., traffic trends continue to recover and monthly sales are improving, with July comparable sales up more than 1 percent. Better U.S. sales have continued into August, driven by early back-to-school results. In Canada, the team is making important changes to operations and the merchandise assortment with a focus on delivering improved results by this holiday season.”
08:01 EDTTGTTarget reports Q2 adjusted EPS 78c, consensus 79c
Subscribe for More Information
06:34 EDTFOLDAmicus Therapeutics to host conference call
Conference call to discuss results of Phase 3 Fabry monotherapy study will be held on August 20 at 8 am. Webcast Link
06:08 EDTFOLDAmicus Therapeutics reports positive Phase 3 data from Fabry study
Subscribe for More Information
August 19, 2014
15:16 EDTTGTNotable companies reporting before tomorrow's open
Subscribe for More Information
14:42 EDTTGTTarget August weekly 59.5 straddle priced for 2.4% move into Q2
Subscribe for More Information
14:13 EDTDGDollar General upgraded to Outperform from Peer Perform at Wolfe Research
13:04 EDTTGTTarget technical comments before earnings
Subscribe for More Information
13:00 EDTTGTEarnings Preview: Target cuts Q2 EPS view to reflect flat U.S. segment SSS
Target (TGT) is scheduled to report second quarter results before the market open on Wednesday, August 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of 79c on revenue of $17.38B, according to First Call. The consensus range for EPS is 78c-91c on revenue of $17.28B-$17.5B. LAST QUARTER: Target reported first quarter adjusted EPS of 70c on revenue of $17.05B, against estimates for 71c and $17.01B, respectively. U.S. comparable sales decreased 0.3% in Q1, near the high end of the expected range. Target was unable to estimate future expenses related to the data breach that occurred in the fourth quarter of 2013, but said costs may have a "material adverse effect" on Q2 and FY14 results. NEWS: In July, Target named Brian Cornell as chairman and Chief Executive Officer, effective August 12. Cornell most recently served as the CEO of PepsiCo (PEP) Americas Foods. Chief Financial Officer and former interim CEO John Mulligan previously told CNBC that he would be "happy" transitioning back to CFO role. The company cut its Q2 adjusted EPS guidance to "within a range around 78c" from 85c-$1.00, which excluded approximately 2c related to the expected reduction of its beneficial interest asset, as well as any net expenses related to the data breach. The updated guidance reflects U.S. Segment essentially flat comparable sales with lower-than-expected EBITDA margin driven by promotional markdowns, as guests continue to spend cautiously and focus on value in the current environment, and Canadian segment's somewhat softer-than-expected sales combined with the impact of continued investments to clear excess inventory. The Q2 results are also expected to include gross expenses of $148M related to the December 2013 data breach. Mulligan commented that the environment in both the U.S. and Canada "continues to be challenging, and results aren’t yet where they need to be," but noted that the retailer is making progress in efforts to drive U.S. sales and traffic and improve Canadian operations. Target plans to extend the hours at over 50% of its U.S. locations in an effort to increase the number of customers who shop later in the day, according to the Wall Street Journal, citing a spokesperson. STREET RESEARCH: Goldman downgraded Target to Neutral from Buy and cut its price target to $59 from $65 to reflect estimate cuts following the Q2 pre-announcement, lack of catalysts, and e-commerce devaluation of general merchandise retailers. Baird thinks that Target may see better results later in 2014 and could restart its share buybacks at some point in the second half of the year, but sees stiff competition in Target's space. Wells Fargo wrote that the costs related to the data breach are on track to come in well below the $1B that some had initially feared. PRICE ACTION: Target shares are up almost 2% over the past three months. In intra-day trading ahead of tomorrow's earnings report, shares are up more than 1% to $59.35.
12:18 EDTFDO, DGDollar General could have bought Family Dollar last year, CNBC reports
Subscribe for More Information
12:16 EDTDG, FDOFamily Dollar board frustrated with Dollar General tactics, CNBC reports
Subscribe for More Information
11:41 EDTFDO, DGIcahn says Family Dollar throwing away $300M in fees, Reuters says
Subscribe for More Information
10:13 EDTFDOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:46 EDTDG, FDOFamily Dollar board likely to meet this week, CNBC's Faber reports
Family Dollar's (FDO) board is likely to meet this week to discuss the takeover bid by Dollar General (DG), CNBC's David Faber reports, citing people close to the matter. The board has long focused on antitrust implications and is likely to reject the Dollar General proposal, Faber added. Dollar Tree (DLTR) and Family Dollar previously announced a merger agreement.
09:43 EDTFDO, DGFamily Dollar board likely to reject Dollar General bid, CNBC's Faber reports
Subscribe for More Information
07:29 EDTFDO, DGDollar Tree may raise bid for Family Dollar, says RBC Capital
RBC Capital thinks that Dollar Tree (DLTR) could increase its bid for Family Dollar (FDO) given the revenue and gross margin synergies that the firm thinks the deal would generate. However, the firm believes that Dollar General (DG) would ultimately win a bidding war for Family Dollar, leading to wins for the shareholders of Dollar General and Family Dollar.
07:12 EDTLOGMStephens to hold a plane trip
Subscribe for More Information
07:07 EDTTGTTarget weekly volatility increases into Q2 and outlook
Subscribe for More Information
06:52 EDTFDOFamily Dollar upgraded to Equal Weight from Underweight at Barclays
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use