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Stock Market & Financial Investment News

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August 15, 2014
17:02 EDTICPT, SEAS, KMP, KATE, JCP, NDLS, EPB, EBAY, CSCO, M, RRGB, KMR, AMZN, KMI, WMTStocks end week slightly higher despite flare-up in Russian tensions
Stocks on Wall Street were higher for the week as earnings season wound down and geopolitical events, primarily in Russia, took center stage once again. MACRO NEWS: In the U.S., the NFIB's small business confidence index rose 0.7% to 95.7 in July, though that was below the expectation for a 96.0 reading. Retail sales were flat in July, versus an expected 0.2% increase. Initial jobless claims rose to 311K in the second week of August, versus expectations for 295K claims. Import prices fell 0.2%, while export prices were flat in July. The Producer Price Index increased 0.1% overall, matching expectations. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. In Europe, growth in the shared currency zone stagnated, with Q2 GDP slipping to unchanged. The biggest economy in the region, Germany, saw its GDP contract 0.2% in the quarter. In Asia, a measure of new credit in China came in at $44.3B in July, marking its lowest monthly total since October 2008. China's industrial production grew 9.0% year-over-year in the month, versus expectations for 9.2% growth. Japan's second quarter GDP fell an annualized 6.8%, which was slightly better than the expectation for a 7% decline. COMPANY NEWS: Wal-Mart (WMT) reported second quarter results that were in-line with expectations, but the world's largest retailer cut its fiscal year earnings outlook citing additional investments in e-commerce and higher U.S. health-care costs than previously anticipated. Despite the lowered guidance, Wal-Mart shares finished the day that it reported up about 0.5%, but the stock lost about 1% for the week. Among the other noteworthy losers following their earnings reports were Macy's (M), J.C. Penney (JCP), Kate Spade (KATE), SeaWorld (SEAS), King Digital (KING), Red Robin Gourmet Burgers (RRGB), and Noodles & Company (NDLS)... Cisco Systems (CSCO) reported higher than expected sales and profits for its fiscal fourth quarter. However, the Dow Jones Industrial Average component declined on the day after its report after saying it does not expect emerging markets growth for "several quarters" and that it expects to cut 6,000 jobs, or 8% of its workforce... Shares of Kinder Morgan (KMI) advanced after the company announced plans to consolidate its oil-and-gas holdings into one company by acquiring all of the outstanding shares of a number of its subsidiaries, including Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Amazon.com (AMZN) advanced after the company launched "Amazon Local Register," a credit-card device and mobile app to help small business owners accept payments that will go head-to-head with competing systems from Square and eBay's (EBAY) PayPal unit... Intercept Pharmaceuticals (ICPT) rose after data from a trial of its liver disease drug OCA showed improved safety as well as a statistical benefit in reversing liver fibrosis. INDEXES: For the week, the Dow gained about 0.66% to close at 16,62.91; the S&P 500 rose about 1.21% to close at 1,955.06; the Nasdaq advanced about 2.14% to close at 4,464.93.
News For WMT;M;JCP;KMI;CSCO;KATE;AMZN;EBAY;KMP;KMR;EPB;SEAS;RRGB;NDLS;ICPT From The Last 14 Days
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February 19, 2015
08:38 EDTWMTWal-Mart sees FY16 operating income pressured by investments
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08:38 EDTWMTWal-Mart lowers FY16 sales growth view to 1%-2% from 2%-4%
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08:36 EDTWMTWal-Mart raises annual dividend 2% to $1.96 per share
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08:34 EDTWMTWal-Mart sees Q1 EPS 95c-$1.10, consensus $1.14
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08:34 EDTWMTWal-Mart sees FY16 EPS $4.70-$5.05, consensus $5.19
08:33 EDTWMTWal-Mart reports Q4 underlying EPS $1.61, consensus $1.54
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07:17 EDTAMZNMaxim to hold a bus tour
Internet/Tech Bus Tour travels throughout Seattle, Washington to various with various industry companies on February 19.
06:55 EDTMMacy's March volatility elevated into Q4 and outlook
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06:18 EDTNDLSNoodles & Company February volatility elevated into Q4 and outlook
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05:47 EDTAMZNAmazon.com price target raised to $475 from $420 at Piper Jaffray
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05:10 EDTWMTWal-Mart February volatility increases into Q4 and outlook
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February 18, 2015
15:53 EDTWMTWal-Mart technical comments ahead of results
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15:35 EDTWMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
15:15 EDTEBAYAngie's List could be more attractive to buyers given traction, says Barrington
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14:31 EDTWMTWal-Mart February volatility elevated into Q4 and outlook
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12:55 EDTWMTEarnings Preview: Wal-Mart sees Q4 EPS $1.46-$1.56, U.S. SSS flat to up 1%
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10:00 EDTJCPJ.C. Penney move higher attributed to real estate speculation
The move higher in shares of J.C. Penney (JCP) is being attributed to speculation the company may look to monetize its real estate assets. The speculation seems to be originating from a Jones Lang LaSalle (JLL) employee's webpage showing the retailer as a client. The JLL employee, Stephen Bridges, specializes in "assisting industrial users with the lease, purchase, and sale of real estate." It is not clear when Penny became a client of JLL. Shares of Penny rallied to a high of $8.50, and are trading up 16c to $8.29 in early trading. Reference Link
09:02 EDTAMZNAmazon says has greenlit five new Amazon Original Series
Amazon announced it has greenlit five new Amazon Original Series, including The Man in the High Castle, which is based on the Philip K. Dick alternative history novel; an hour-long dark comedy Mad Dogs; docu-series The New Yorker Presents; along with kids shows Just Add Magic, and The Stinky & Dirty Show.
08:43 EDTAMZNIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
03:20 EDTMOn The Fly: Analyst Initiation Summary
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