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Stock Market & Financial Investment News

News Breaks
August 6, 2014
07:47 EDTM, TGT, KSS, CVS, WMT, JCP, WAG, COSTRetailers pare store openings as shopper visits slide, WSJ says
Shopper visits to physical stores fell by nearly 7% in June and nearly 5% in July have fallen by 5% or more from a year earlier in every month for the past two years, according to data firm ShopperTrak, reported The Wall Street Journal. Against this backdrop, growth in store counts at the 100 largest retailers by revenue has slowed to less than 3% from more than 12% three years ago, the report noted, citing data from Moody's. Publicly traded retailers include Wal-Mart (WMT), Target (TGT), Macy's (M), J.C. Penney (JCP), Kohl's (KSS), Walgreen (WAG), CVS (CVS) and Costco (COST). Reference Link
News For WMT;TGT;WAG;CVS;M;JCP;KSS;COST From The Last 14 Days
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April 13, 2015
07:15 EDTCOSTAmerican Express shares could hit $105 in 18 months, says William Blair
William Blair analyst Robert Napoli says shares of American Express (AXP) are trading at nearly a 20% valuation discount to the S&P 500, reflecting "very high" pessimism in the name. Napoli tells investors today that other periods of "extreme pessimism" for American Express included 1998, 2001, and 2008/2009, with each proving to be a buying opportunity. He believes the current period will be no different. Napoli expects Amex shares to trend to historical valuation levels as investors look past the loss of Costco (COST) and better appreciate the company's growth opportunities. The analyst believes a stock price of around $105 is “reasonable” in about 18 months. The credit card issuer closed Friday up 43c to $79.59.
06:22 EDTJCP, TGTGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
April 12, 2015
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
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April 10, 2015
18:29 EDTWMTWal-Mart says Walton family to place 6% of shares in trust, Reuters reports
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10:00 EDTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.
08:24 EDTMMacy's upgraded at Buckingham
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07:51 EDTMMacy's upgraded to Buy from Neutral at Buckingham
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April 9, 2015
09:18 EDTTGT, M, KSS, JCPBofA/Merrill retail analysts hold an analyst/industry conference call
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07:56 EDTCOSTCostco March comps slow but underlying trends solid, says Baird
Baird noted that March comps for Costco were below expectations and trends slowed from their recent pace, but said that underlying comps remain solid. The firm said shares could dip on the headlines, but they would be buyers, as they believe Costco offers a compelling value proposition, consistent traffic flow, and a loyal member base. Baird reiterated its Outperform rating and $165 price target on Costco shares.
05:23 EDTCOSTCostco and Tmall Global release joint statement regarding 'false claims'
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05:17 EDTCOSTCostco reports March net sales $10.4B vs. $10.43B last year
The calendar shift negatively impacted this year's net and comparable sales by an estimated 1%-1.5%. Reports March comparable sales down 2%, March U.S. comparable sales flat, March international comparable sales down 9%. Reports March comparable sales, excluding negative impacts from gasoline price deflation and foreign exchange up 4%, U.S. comparable sales excluding negative impacts up 4%, international comparable sales excluding negative impacts up 4%.
April 8, 2015
12:05 EDTWMTWal-Mart: Pay raises for over 34,000 associates in Florida effective this week
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07:23 EDTKSSKohl's valuation reflects takeout or a turnaround, says Credit Suisse
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06:19 EDTWMTWal-Mart de Mexico reports March sales up 9.4% from last year
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05:16 EDTWMTWalmart announces pay raises for over 72K associates in TX go into effect
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April 7, 2015
09:23 EDTTGTFreshpet dry food product launched at Target, says Baird
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09:20 EDTKSSKohl's price target raised to $87 from $77 at MKM Partners
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08:57 EDTKSSKohl's price target raised to $87 from $77 at MKM Partners
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06:08 EDTCVSNew York REIT announces 22,00 square foot lease with CVS at 1440 Broadway
New York REIT (NYRT) announced that is has completed a long-term lease totaling approximately 22,000 square feet with CVS/pharmacy (CVS) at 1440 Broadway. The deal marks the first step in NYRT's overall retail repositioning strategy at 1440 Broadway, with remaining value-add opportunities to mark existing below-market tenant rents to market and to re-configure a portion of the basement into valuable, lower-level selling space with double ceiling-heights.
April 6, 2015
14:48 EDTMMacy's management to meet with JPMorgan
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