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Bullish Case For Costco, Sprouts Comes To An End At Barclays
Monday, September 17, 2018 - 12:27pm | 598Read More...The bullish case for food and staples retailers Costco Wholesale Corporation (NASDAQ: COST) and Sprouts Farmers Market Inc (NASDAQ: SFM) have come to an end at Barclays for valuation reasons. The Analyst Analyst Karen Short downgraded Costco from Overweight to Equal Weight with an unchanged $...
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A Pro's Take On Kroger Stock After Thursday's Plunge
Monday, September 17, 2018 - 9:53am | 438Read More...Grocer Kroger Co (NYSE: KR) reported second-quarter results Thursday that prompted the stock's largest sell-off in six months. The company said it earned 41 cents per share in Q2 on revenue of $27.869 billion versus expectations of 37 cents per share and $27.97 billion. In addition,...
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Earnings Show That As Macy's And Walmart Go, So Goes Retail
Monday, August 20, 2018 - 3:38pm | 582Read More...There’s been a lot of sympathy trading in the retail space this earnings season, as investors look for any signs of the unpredictable retail sector's trajectory in the Amazon.com, Inc. (NASDAQ: AMZN) era. In the near-term, it seems as though the market sees Walmart Inc (NYSE: WMT) and...
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Walmart Soars On Q2 Earnings Beat, Other Retailers Follow
Thursday, August 16, 2018 - 8:45am | 472Read More...Shares of Walmart Inc (NYSE: WMT) surged higher by more than 10 percent Thursday morning after the retail giant reported its second-quarter results. What Happened Walmart said it earned $1.29 per share in the quarter on revenue of $128 billion, which came in better than the $1.22 per share and...
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Morgan Stanley Goes Neutral On BJ's Wholesale
Monday, July 23, 2018 - 9:31am | 350Read More...BJs Wholesale Club Holdings Inc (NYSE: BJ), a membership-only warehouse club chain located on the East Coast of the U.S., boasts a solid growth outlook that's mostly priced in to the stock at current levels, according to Morgan Stanley. The Analyst Morgan Stanley's Simeon Gutman initiated...
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Conagra's Acquisition Of Pinnacle Foods: What You Need To Know
Wednesday, June 27, 2018 - 9:44am | 444Read More...Packaged food giant Conagra Brands Inc (NYSE: CAG) confirmed Wednesday morning it has reached an agreement to acquire Pinnacle Foods Inc (NYSE: PF) for $8.1 billion, or $10.9 billion including debt. The deal announcement sent shares of Conagra lower by nearly 9 percent while Pinnacle Foods'...
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Amazon's Whole Foods Acquisition: Did It Live Up To The Hype?
Sunday, June 17, 2018 - 4:24pm | 534Read More...One full year has passed since Amazon.com, Inc. (NASDAQ: AMZN) announced its acquisition of upscale grocer Whole Foods in a $13.7-billion deal. What Was Said Then Here is a roundup of CNBC's compilation of expert commentary following the acquisition. CNBC's Jim Cramer said Amazon's...
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Report: Microsoft, Walmart Collaborate On Checkout-Free Retail Technology
Thursday, June 14, 2018 - 9:13am | 366Read More...Walmart Inc (NYSE: WMT) could soon compete with Amazon.com, Inc. (NASDAQ: AMZN)'s cashierless Amazon Go stores with the help of Microsoft Corporation (NASDAQ: MSFT), according to Reuters. What Happened Amazon's checkout-free Amazon Go retail stores may become...
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Credit Suisse's Winners And Losers In The Food Space
Wednesday, April 18, 2018 - 4:32pm | 731Read More...Credit Suisse initiated coverage of a handful of food-related stocks Tuesday. The Analyst Credit Suisse's Judah Frommer initiated coverage of the following stocks: SYSCO Corporation (NYSE: SYY): Outperform, $68 price target. Kroger co (NYSE: KR): Outperform, $28 price target....
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Costco's 'Strong' March Comps Suggest Consumer Value Proposition Is 'Winning'
Thursday, April 12, 2018 - 2:23pm | 405Read More...Costco Wholesale Corporation (NASDAQ: COST) reported Wednesday multiple sales metrics for the month of March which reinforced the case for owning the stock, according to Stifel. The Analyst Stifel's Mark Astrachan maintains a Buy rating on Costco with an unchanged $200 price target....
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Kroger, Target Trade Higher Amid Report The Companies Are Discussing A Merger
Friday, March 23, 2018 - 9:17am | 504Read More...Shares of Kroger Co (NYSE: KR) spiked more than 8 percent Thursday morning amid a report the grocer giant is in merger talks with department store Target Corporation (NYSE: TGT). What Happened Target and Kroger are in merger talks at a time when the entire grocery and food sector is looking at...
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Smart & Final Stores' Q4 Beat Overshadowed By Poor Guidance
Thursday, March 15, 2018 - 1:30pm | 390Read More...Smart & Final Stores Inc (NYSE: SFS), a food retailer that sells fresh perishables and everyday grocery items, reported its fourth quarter results that exceeded Wall Street's expectations but a disappointing outlook prompted a downgrade. The Analyst Loop Capital Markets' Andrew...
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Wall Street Debates Kroger After Disappointing 2018 Outlook
Monday, March 12, 2018 - 4:35pm | 606Read More...Grocery giant Kroger Co (NYSE: KR) reported fourth-quarter results that were mostly in-line with expectations, but its outlook for the full fiscal year sent the stock lower last week. The Analysts BMO Capital Markets' Kelly Bania maintains a Market Perform rating on Kroger'...
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This Chinese Supermarket Chain Wants To Bring Farm-To-Table Philosophy To Groceries
Wednesday, March 7, 2018 - 12:01pm | 567Read More...Shares of iFresh Inc (NASDAQ: IFMK) fell around 6 percent earlier this week on no apparent news. While this certainly alarmed some investors, price dips over the past month were likely due to downbeat third-quarter earnings figures reported in February. The Q3 print, which reflected large one-time...
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Could Amazon Bring Its Cashierless 'Go' Store Concept To Whole Foods?
Thursday, January 25, 2018 - 9:58am | 379Read More...Amazon.com, Inc. (NASDAQ: AMZN) opened its first Go store to the public this week, and one analyst said the cashierless warehouse is just the beginning of a grocer revolution. The Rating DA Davidson analyst Tom Forte maintained a Buy rating on Amazon and increased the price target from $1,500 to...















