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News Breaks | | | | September 12, 2012 | | 07:00 EDT |  | JCP, WMT, KSS, M, SKS, TGT | U.S. retail sales expected to increase for 2012 holiday season, Reuters reports
U.S. retail sales should be up 3.3% for the 2012 holiday season, on what is expected to be the first increase in shopper traffic since 2007, according to a forecast from research firm ShopperTrak released today, reports Reuters. Reference Link | |
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News For WMT;TGT;M;JCP;SKS;KSS From The Last 14 Days Check below for free stories on WMT;TGT;M;JCP;SKS;KSS the last two weeks. |
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| May 24, 2013 | | 10:04 EDT |  | SKS | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 07:34 EDT | | SKS | Saks downgraded to Hold from Buy at Argus
Argus downgraded Saks due to valuation. Price target is $16. | | | May 23, 2013 | | 14:58 EDT |  | JCP | J.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement. | | | 14:45 EDT | | TGT, M | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 11:59 EDT |  | M, TGT | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 08:06 EDT |  | TGT | Target positive catalysts still intact, says Wells Fargo
Subscribe for More Information | | | 06:11 EDT | | SKS | Saks rally diminishes potential buyout return, says Citigroup
Subscribe for More Information | | | 05:47 EDT | | SKS | Stocks with implied volatility movement; SKS BMY
Stocks with implied volatility movement; Saks (SKS), Bristol-Myers (BMY) according to IVolatility. | | | May 22, 2013 | | 16:25 EDT |  | SKS, TGT | 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. | | | | 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 | | TGT, SKS | 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 | | | 08:59 EDT | | SKS, TGT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:56 EDT | | SKS | Saks price target raised to $18.50 from $13.50 at Maxim
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