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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:24 EDTZU, CRI, PLCEzulily rallies after Goldman ups rating to Buy
Shares of Internet-based retailer zulily (ZU), which focuses on children's apparel, are climbing after Goldman Sachs upgraded the stock in a note to investors earlier today. WHAT'S NEW: zulily is poised to generate $1B of sales this year, its fifth year in business, making it only the third retailer to reach the sales milestone that quickly, after Gap's (GPS) Old Navy and Amazon.com (AMZN), Goldman Sachs analyst Taposh Bari wrote in a note to investors. zulily is likely to grow faster than the overall industry, as its multiple initiatives should enable it to attract more customers than expected into 2015, the analyst wrote. Additionally, the stock has reached an attractive entry point following its recent pullback, Bari stated. Furthermore, the company will start offering other types of products such as women's apparel and toys, the analyst believes. He upgraded the stock to Buy from Neutral and raised his price target on the shares to $50 from $47. WHAT'S NOTABLE: Although zulily has "agile merchandising" and a strong presence on the mobile Internet, the company also has relatively limited products and "lagging" delivery times, Bari reported. As a result, the threat posed by zulily to traditional children's retailers is somewhat limited, according to the analyst. The retailers best suited to fend off the threat posed by zulily are those with valuable brands, a strong online presence, and "appropriate" retail distribution systems, Bari believes. Carter's (CRI) meets all of these criteria and is a "winner," partly because of its national wholesale operation and thriving online business, according to Bari. Conversely, Children's Place (PLCE) is in a more vulnerable position, since it has similar products to those offered by zulily, along with deteriorating profit margin trends and expensive stores in malls, Bari stated. He kept a Buy rating on Carter's and a Sell rating on Children's Place. PRICE ACTION: In mid-afternoon trading, zulily jumped 10% to $40, while Carter's was flat at $69.50 and Children's Place fell 1% to $50.
News For ZU;PLCE;CRI From The Last 14 Days
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March 27, 2015
12:32 EDTZULegg Mason's Miller says building position in zulily
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10:31 EDTZUOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
March 25, 2015
13:43 EDTZUzulily rises after teaming with Facebook on messenger platform
Shares of (ZU) moved higher after Facebook (FB) CEO Mark Zuckerberg discussed the social network's new Businesses on Messenger product at today's developer conference. The product's initial partners in the retail vertical are zulily and Everlane, Zuckerberg announced. Zendesk (ZEN) will power Facebook's new messenger product, the company announced in a press release. Shares of zulily are up 38c to $13.40 as Zuckerberg's keynote speech continues.
13:37 EDTZUZendesk announces messenger partnership with Facebook
Zendesk (ZEN) announced a partnership to power Facebook's (FB) new Businesses on Messenger product. "Through an integration of its Zopim chat product with Messenger, Zendesk is allowing businesses to provide scalable and responsive customer service to the more than 600 million people worldwide who use Messenger," the company said. Online retailers zulily (ZU) and Everlane are the first two companies using the integration to support their customers, Zendesk added.
13:33 EDTZUzulily jumps after Facebook says initial partner on messenger platform
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March 24, 2015
06:35 EDTZUZulily shifts policy, will keep inventory on site, WSJ says
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06:15 EDTCRICarter's price target raised to $107 from $100 at Citigroup
Citigroup raised its price target for shares of Carter's to $107 saying expansion in North America, margin improvement and share repurchases should drive double-digit earnings per share growth in each of the next three years. It calls Carter's a "standout" in the "intensely-competitive and highly-promotional" children’s apparel space. Citi reiterates a Buy rating on the name.
March 16, 2015
07:05 EDTPLCEChildren's Place a logical LBO candidate, Bloomberg says
After Children's Place shareholders Barington Capital Group and Macellum Advisors came public with their recommendation that the company explore a sale, Bloomberg quoted a number of analysts Friday that believe the company is a logical target for a leveraged buyout. Oppenheimer was quoted by the report as saying that Children’s Place could fetch about $70 per share based on recent retail deals. Reference Link

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