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Stock Market & Financial Investment News

News Breaks
August 13, 2014
20:25 EDTWMT, WMT, PRGO, PRGO, KSS, KSS, AAP, AAP, HMHC, HMHC, RRGB, RRGB, BGG, BGGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.21; Perrigo (PRGO), consensus $1.55; Kohl's (KSS), consensus $1.07; Advance Auto Parts (AAP), consensus $2.01; Houghton Mifflin (HMHC), consensus 14c; Red Robin (RRGB), consensus 90c; and Briggs & Stratton (BGG), consensus 36c.
News For WMT;PRGO;KSS;AAP;HMHC;RRGB;BGG From The Last 14 Days
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December 26, 2014
09:30 EDTWMTWal-Mart testing gift card exchange program, AP says
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06:46 EDTWMT, KSSTraditional retailers unlikely to beat holiday shopping forecasts, Reuters says
Brick and mortar retailers are likely to just meet holiday shopping forecasts, after sales last Saturday did not compensate for a "spotty" overall performance during the holiday season, according to Reuters. Publicly traded companies in the space include Best Buy (BBY), Costco (COST), Target (TGT) Wal-Mart (WMT),.J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Nordstrom (JWN) and Sears (SHLD). Reference Link
06:26 EDTKSS, WMTEarly retail estimates show best holiday sales in three years, WSJ says
A report from yesterday afternoon explained that early estimates show the biggest increase in holiday shopping sales in the last three years, reports the Wall Street Journal, citing the International Council of Shopping Centers. Sales could have come at the expense of profits due to promotions, the Journal added. Publicly traded companies in the space include Best Buy (BBY), Costco (COST), Target (TGT) and Wal-Mart (WMT), J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Nordstrom (JWN) and Sears (SHLD). Reference Link
December 24, 2014
07:23 EDTKSSKohl's same-store sales poised to beat expectations, says MKM Partners
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06:41 EDTWMTWal-Mart's wages to rise at a third of U.S. stores, Reuters reports
As a result of minimum wage hikes across the U.S., Wal-Mart will be forced to increase its wages at over 1,400 of its stores in the country, or about a third of its U.S. locations, according to Reuters, which cited an internal Wal-Mart memo it obtained. Reference Link
December 23, 2014
10:33 EDTWMT, KSSKeurig shares decline after MINI Plus brewer recall
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10:16 EDTWMTGreen Dot sinks after short Wal-Mart extension sparks analyst debate
Shares of prepaid debit card provider Green Dot (GDOT) are falling after the company announced a short-term extension to its deal with Wal-Mart (WMT). Following the extension, analysts at JPMorgan and Deutsche Bank differed in their take on the impact of the news and on Green Dot's shares. WHAT'S NEW: Green Dot announced last night in a regulatory filing that it had received an extension of its deal with Wal-Mart, under which Wal-Mart markets and sells Green Dot's prepaid debit cards under the MoneyGram brand name. The terms of the previous deal were extended through December 31, 2015, Green Dot stated The previous agreement was due to expire in May. BULLISH TAKE: Although the lack of a longer term renewal may worry investors, Wal-Mart and Green Dot probably just need more time to reach a new deal, wrote JPMorgan analyst Tien-tsin Huang in a note to investors today. The extension gives Green Dot more time to reduce its reliance on MoneyGram (MGI), the analyst added. He kept an Overweight rating on Green Dot. BEARISH TAKE: Taking a less optimistic view was Deutsche Bank analyst Ashish Sabadra. Wal-Mart appears to be considering awarding the MoneyGram deal to a competitor of Green Dot, although Green Dot is also in the running for a longer term extension, the analyst stated. Sabadra does not know why Wal-Mart was unable to make a long-term decision, but warns that the short-term extension does not bode well for Green Dot. The analyst kept a $24 price target and Hold rating on Green Dot. PRICE ACTION: In early trading, Green Dot shares dropped nearly 5% to $20.74.
07:21 EDTWMTGreen Dot contract extension adds uncertainty, says Deutsche Bank
Deutsche Bank says Green Dot's (GDOT) contract extension with Wal-Mart (WMT) increases uncertainty since the pact was pushed out only seven months instead of being renewed for multiple years. Deutsche believes Wal-Mart needs additional time for its internal review process, and notes its checks indicate the retailing giant has potentially narrowed the MoneyCard contract down to two companies, including Green Dot. The firm thinks the lack of a renewal does not bode well for Green Dot and keeps a Hold rating on the stock.
06:47 EDTWMTGreen Dot, Wal-Mart extend agreement until December 31, 2015
Green Dot (GDOT) disclosed last night in a regulatory filing that it entered into an extension amendment to the Walmart (WMT) MoneyCard Program agreement . Pursuant to the amendment, the parties agreed to extend the term of the agreement to December 31, 2015, and all other terms and conditions of the program agreement remain in effect.
December 22, 2014
11:05 EDTWMTStaples options active on rumors could attract Amazon, Wal-Mart interest
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10:19 EDTWMTStaples rumors could attract Amazon, Wal-Mart interest, Forbes contributor says
Speculation over a merger deal, as has been the recent case with Staples (SPLS) and peer Office Depot (ODP), tends to attract larger players that could gain from a transaction of their own with the rumored candidate, so it would not be unusual if Amazon.com (AMZN) or Wal-Mart (WMT) were now to look at Staples as a takeover candidate, according to Forbes contributor Gene Marcial. Reference Link
07:32 EDTWMTGreen Dot contract renewal with Wal-Mart likely, says Deutsche Bank
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December 19, 2014
10:12 EDTPRGOHigh option volume stocks
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December 18, 2014
14:39 EDTWMTBacker of Internet sales tax to get powerful Senate post
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December 17, 2014
13:32 EDTPRGOPerrigo jumps after analyst discusses potential takeover by Teva
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09:26 EDTPRGOPerrigo would be good acquisition for Teva, says RBC Capital
RBC Capital views Perrigo (PRGO) as an attractive acquisition target and says in a note to investors that it thinks a takeover could be a good strategic fit with solid accretion for Teva (TEVA). Teva has interest in over-the-counter products and its growth rate would be boosted by the merger, RBC believes. The firm assumes a $200 per share value for Perrigo in its acquisition assumptions. Shares of the over-the-counter and generic pharmaceuticals company closed yesterday at $153.77.
December 16, 2014
10:48 EDTKSSKohl's initiated with a Market Perform at Cowen
Target $64.
10:41 EDTWMTWal-Mart initiated with a Market Perform at Cowen
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09:41 EDTWMTWal-Mart sees 6c impact to Q4 EPS from Pennsylvania Supreme Court ruling
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09:39 EDTWMTWal-Mart says Pennsylvania Supreme Court largely upholds class action ruling
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