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News Breaks | | | | January 15, 2013 | | 11:22 EDT |  | TJX, KSS, WMT, EBAY, JWN, COH, JCP, TGT, AMZN, ROST, GPS, SHLD, M, SKS, LTD | NRF says holiday retail sales up 3% to $579.8B, trailing forecast
The National Retail Federation estimates that total holiday retail sales increased 3.0%, below NRF's projected forecast of 4.1%, to $579.8B. Additionally, the NRF said non-store holiday sales grew 11.1%. Shop.org in October forecasted a 12.0% growth in online sales in the months of November and December, NRF noted. According to the National Retail Federation, December retail sales excluding automobiles, gas stations and restaurants increased 0.8% seasonally adjusted from November and increased 2.1% unadjusted year-over-year. | |
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News For WMT;M;TGT;KSS;SHLD;JCP;TJX;GPS;COH;LTD;ROST;JWN;SKS;AMZN;EBAY From The Last 14 Days Check below for free stories on WMT;M;TGT;KSS;SHLD;JCP;TJX;GPS;COH;LTD;ROST;JWN;SKS;AMZN;EBAY the last two weeks. |
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| May 22, 2013 | | 19:29 EDT |  | GPS | Gap shares may be overheated, WSJ says
 Subscribe for More Information | | | 16:32 EDT |  | LTD | L Brands sees FY13 EPS $2.95-$3.15, consensus $3.14
| | | 16:32 EDT | | LTD | L Brands sees Q2 EPS 50c-55c, consensus 53c
Subscribe for More Information | | | 16:32 EDT | | LTD | L Brands reports Q1 EPS 48c, consensus 46c
ReportsQ1 revenue $2.27B, consensus $2.26B. Reports Q1 SSS up 3%. | | | 16:25 EDT |  | TGT, SKS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 16:12 EDT | | JCP | J.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29. | | | 15:28 EDT | | LTD | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 81c; Limited Brands (LTD), consensus 46c; Workday (WDAY), consensus (18c); PetSmart (PETM), consensus 96c; Synopsys (SNPS), consensus 63c; HEICO (HEI), consensus 40c. | | | 15:25 EDT | | SHLD | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | 15:05 EDT |  | SHLD | Sears Holdings June 57 straddle priced for 12.6% movement into Q1
| | | 13:56 EDT | | AMZN | Amazon.com to add 500 jobs in Web services unit, Washington Post says
Subscribe for More Information | | | | 13:07 EDT | | SKS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 12:53 EDT | | SKS | KKR considers Saks investment, could push merger with Neiman, Bloomberg says
Subscribe for More Information | | | 12:20 EDT | | SKS, TGT | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:53 EDT | | SKS | High option volume stocks: UAN MYL ALNY SKS XIDE
Subscribe for More Information | | | 11:13 EDT | | TGT | Target continues to see EPS of $8 or more by 2017
Subscribe for More Information | | | 11:10 EDT | | TGT | Target lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
Subscribe for More Information | | | 11:08 EDT | | TGT | Target sees Q2 SSS 2%-3%
| | | 09:53 EDT |  | TGT | Target slides following earnings, levels to watch
Subscribe for More Information | | | 09:07 EDT | | AMZN | Amazon introduces 'Kindle Worlds' commercial publishing platform for fan fiction
Amazon Publishing announced Kindle Worlds, the first commercial publishing platform that will enable any writer to create fan fiction based on a range of original stories and characters and earn royalties for doing so. Amazon Publishing has secured licenses from Warner Bros. Television Group’s Alloy Entertainment division for its series Gossip Girl, Pretty Little Liars, and Vampire Diaries and plans to announce more licenses soon, the company said. Through these licenses, Kindle Worlds will allow any writer to publish authorized stories inspired by these Worlds and make them available for readers to purchase in the Kindle Store. Amazon Publishing will pay royalties to both the rights holders of the Worlds and the author. | | | 08:59 EDT | | SKS, TGT | On The Fly: Pre-market Movers
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