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Stock Market & Financial Investment News

News For WMT;TGT;COST;DG;FDO From The Last 14 Days
Check below for free stories on WMT;TGT;COST;DG;FDO the last two weeks.
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August 29, 2014
10:34 EDTFDOBig Lots slumps as retailer predicts Q3 EPS loss
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08:07 EDTWMTWal-Mart challenges Alibaba with additions to online site in China, WSJ says
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August 28, 2014
11:01 EDTDGDollar General sees 'heightened' competitive environment moving through 2H
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10:35 EDTDG, FDODollar General CEO says doesn't 'want to give up' on Family Dollar deal
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10:24 EDTFDO, DGDollar General sees sales improving, comps easing through year
Says competitive environment remained "elevated" in Q2. Says seeing sales momentum pick up in Q3. Says share repurchase currently on hold as it awaits the outcome of Family Dollar (FDO) deal. Sees sales improvement continuing throughout the year, sees quarterly comparisons continuing to ease. Says believes proposal for Family Dollar is "superior proposal" for FDO shareholders. Sees Family Dollar deal immediately accretive to earnings in the low double digits. Sees benefits in first year, but expects synergies would ramp up consistently across three years. CEO Dreiling says prepared to remain as CEO through May 2016. Sees "quickly" resolving any anti-trust issues. Comments made on the Q2 earnings conference call.
07:03 EDTFDO, DGDollar General says 'firmly committed' to Family Dollar acquisition
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07:02 EDTDGDollar General sees FY14 adjusted EPS $3.45-$3.55, consensus $3.51
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07:01 EDTDGDollar General reports Q2 EPS 83c, consensus 83c
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August 27, 2014
15:27 EDTDGNotable companies reporting before tomorrow's open
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15:10 EDTDGDollar General August 64 straddle priced for 4.6% move into Q2
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06:36 EDTTGTNordstrom, Target launching Instagram platform, CNBC says
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06:09 EDTCOSTCostco implied volatility of 12 at lower end of index mean range
August 25, 2014
14:37 EDTDGDollar General weekly volatility elevated into Q2 and outlook
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13:47 EDTWMTWal-Mart launching chip-enabled store-brand MasterCard
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06:19 EDTTGTU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link
August 24, 2014
21:53 EDTTGT, FDO, WMTNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 22, 2014
16:42 EDTDG, FDOMarket finishes week higher on economic data, earnings
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07:30 EDTFDO, DGDollar General CEO comment to be noted by FTC, NY Post reports
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August 21, 2014
13:42 EDTFDO, DGDollar General reaffirms commitment to acquisition of Family Dollar
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13:23 EDTWMTWal-Mart cut iPhone prices, Washington Post says
Wal-Mart (WMT) today began selling Apple's (AAPL) iPhone 5s for $79, and cut the price of the iPhone 5c to just 97c, according to The Washington Post. The devices previously cost $99 and $29 respectively at Wal-Mart, the newspaper stated. Reference Link
12:06 EDTFDODollar Tree sell-off a buying opportunity, says Deutsche Bank
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10:34 EDTWMTOptions Update; August 21, 2014
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09:37 EDTWMTActive equity options trading on open
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09:26 EDTFDODollar Tree says 'committed' to transaction with Family Dollar
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09:05 EDTFDO, DGDollar Tree sees Family Dollar deal closing by early 2015
Says continuing to work on proposed transaction with Family Dollar (FDO). Sees deal closing by early 2015. Will not make any further comments at this time on Family Dollar/Dollar General (DG). Comments made on the Q2 earnings conference call.
08:04 EDTDG, FDOFamily Dollar: Dollar General declined to schedule talks on antitrust issues
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08:03 EDTDG, FDOFamily Dollar: Dollar General's letter contained 'blatant mischaracterizations'
08:02 EDTDG, FDOFamily Dollar reaffirms recommendation in support of merger with Dollar Tree
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08:01 EDTFDO, DGFamily Dollar board rejects Dollar General proposal based on antitrust issues
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08:00 EDTFDO, DGFamily Dollar board rejects Dollar General proposal based on antitrust issues
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07:55 EDTFDO, DGFamily Dollar to reject Dollar General takeover bid, CNBC reports
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07:24 EDTTGTTarget margins likely to remain under significant pressure, says MKM Partners
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07:08 EDTTGTTarget shares attractive, says Wells Fargo
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05:35 EDTFDO, DGDollar General sends letter to Family Dollar board
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August 20, 2014
12:37 EDTTGTOn The Fly: Midday Wrap
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11:11 EDTTGTTarget sees Q3 EBITDA to benefit from expense optimization, Q3 SSS flat to up 1%
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08:30 EDTWMTWal-Mart management to meet with MKM Partners
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08:04 EDTTGTTarget reports Q2 U.S. segment SSS flat
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08:03 EDTTGTTarget cuts FY14 adjusted EPS view to $3.10-$3.30 from $3.60-$3.90
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08:02 EDTTGTTarget sees Q3 adjusted EPS 40c-50c, consensus 65c
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08:01 EDTTGTTarget says better U.S. sales have continued into August
"While results from the quarter didnít meet our expectations, we are seeing some early signs of progress as we work to improve results in the U.S. and Canada,Ē said John Mulligan, executive vice president and CFO of Target Corporation. ďIn 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.Ē
08:01 EDTTGTTarget reports Q2 adjusted EPS 78c, consensus 79c
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August 19, 2014
15:16 EDTTGTNotable companies reporting before tomorrow's open
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14:42 EDTTGTTarget August weekly 59.5 straddle priced for 2.4% move into Q2
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14:13 EDTDGDollar General upgraded to Outperform from Peer Perform at Wolfe Research
13:04 EDTTGTTarget technical comments before earnings
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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 arenít 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 EDTDG, FDODollar General could have bought Family Dollar last year, CNBC reports
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12:16 EDTDG, FDOFamily Dollar board frustrated with Dollar General tactics, CNBC reports
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11:41 EDTFDO, DGIcahn says Family Dollar throwing away $300M in fees, Reuters says
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10:13 EDTFDOOn The Fly: Analyst Upgrade Summary
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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 EDTDG, FDOFamily Dollar board likely to reject Dollar General bid, CNBC's Faber reports
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07:29 EDTDG, FDODollar 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.
07:07 EDTTGTTarget weekly volatility increases into Q2 and outlook
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06:52 EDTFDOFamily Dollar upgraded to Equal Weight from Underweight at Barclays
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August 18, 2014
18:13 EDTWMT, FDO, DGWal-Mart not likely to bid for Family Dollar, Bloomberg reports
According to people familiar with the situation, Wal-Mart Stores (WMT) is unlikely to make an offer for Family Dollar Stores (FDO), Bloomberg reports. Reference Link
16:52 EDTDG, FDOOn The Fly: Closing Wrap
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15:50 EDTDG, FDOIcahn makes statement concerning Dollar Generalís bid for Family Dollar
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14:23 EDTDG, FDOFamily Dollar says board has not changed support of Dollar Tree merger
Family Dollar (FDO) said it remains subject to the merger agreement with Dollar Tree (DLTR), and the company's board has not changed its recommendation in support of the merger with Dollar Tree. Family Dollar added it will have no further comment on Dollar Generalís (DG) proposal until the board has completed its review.
14:21 EDTDG, FDOFamily Dollar to 'review and consider' Dollar General proposal
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14:18 EDTFDO, DGFamily Dollar says will 'carefully review and consider' Dollar General proposal
12:47 EDTDGDollar General upgraded to Overweight from Equal Weight at Johnson Rice
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12:18 EDTFDO, DGThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
11:53 EDTDG, FDOFamily Dollar likely to favor a Dollar Tree bid, says Wells Fargo
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11:05 EDTTGTOptions with increasing implied volatility
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10:01 EDTDGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
09:56 EDTDGDollar General upgraded to Outperform from Neutral at Credit Suisse
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09:47 EDTDGDollar General upgraded to Buy from Hold at Deutsche Bank
Price target is $69.
09:35 EDTDGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
09:23 EDTDGDollar General upgraded to Buy from Neutral at Sterne Agee
09:03 EDTFDO, DGOn The Fly: Pre-market Movers
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08:47 EDTDG, WMT, FDODollar General says would slow store opening growth in Family Dollar deal
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08:35 EDTFDO, DGDollar General says emphasis is getting deal 'put to bed'
Says when deal gets done, "Family Dollar (FDO) will look exactly like Dollar General inside." Says is a "huge fan" of Todd Vasos, who would lead the integration, but does not comment on whether Vasos will succeed Dollar General (DG) CEO Rick Dreiling, who will retire in May 2016. Doesn't see antitrust issues as "insurmountable."
08:23 EDTDG, FDODollar General says has expressed interest in Family Dollar 'multiple times'
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08:18 EDTDG, FDODollar General says can mange Family Dollar 'more efficiently and effectively'
Dollar General (DG) says it believes its proposal "far superior" for Family Dollar (FDO) shareholders. Believes company can manage Family Dollar "more efficiently and effectively." Sees approximately $300M-$400M in one-time costs to capture synergies. Sees investment of $400M in CapEx. Says proposed deal would be low double digit percentage accretive in year one, ex-integration and transformation costs. Dollar General notes commitment to return to investment grade credit profile, anticipated three years post closing. Says positioned for long term revenue and earnings growth. Says ready to move to complete due diligence on Family Dollar deal. Says synergies expected to ramp up throughout three-year period. Comments made on Dollar General's conference call discussing its acquisition proposal of Family Dollar for $78.50 per share.
07:21 EDTTGTTarget extends stores hours in effort to up later business, WSJ says
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06:27 EDTFDO, DGDollar General to host conference call
Conference call to discuss acquisition proposal of Family Dollar will be held on August 18 at 8 am. Webcast Link
06:24 EDTFDO, DGOptions expected to be active
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06:13 EDTDG, FDODollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:10 EDTFDO, DGDollar General makes proposal to acquire Family Dollar for $78.50 per share
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06:03 EDTDG, FDODollar General makes $78.50/share offer for Family Dollar, CNBC reports
Dollar General (DG) will announce today a $78.50 per share in cash offer to acquire Family Dollar (FDO), CNBC's Andrew Ross Sorkin reports. Dollar Tree (DLTR) is seeking to buy Family Dollar for $74.50 per share.
06:00 EDTFDO, DGDollar General offers to buy Family Dollar for $78.50/share, CNBC reports
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