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SHLD

Sears

$7.29

0.1 (1.39%)

06:08
10/06/17
10/06
06:08
10/06/17
06:08

Sears borrows $100M from CEO Lampert for 'general corporate purposes'

In a regulatory filing, Sears said that on October 4, the company entered into an Amended and Restated Loan Agreement. Pursuant to the Amended and Restated Loan Agreement, the Borrowers borrowed an additional $100M from the Lenders. After giving effect to the Initial Incremental Loan, the aggregate principal amount outstanding under the Amended and Restated Loan Agreement was $499.4M. Edward S. Lampert, the company's CEO and Chairman, is the sole stockholder, CEO and director of ESL Investments, Inc., which controls JPP, LLC and JPP II, LLC. Subject to the satisfaction of certain conditions, including pledging additional properties or other assets as collateral, up to an additional $100Mmay be drawn by the Company prior to December 1, 2017. The Incremental Loans mature on April 3, 2018. The original loans under the Amended and Restated Loan Agreement continue to mature on July 20, 2020. The company expects to use the proceeds of the Incremental Loans for general corporate purposes.

SHLD Sears
$7.29

0.1 (1.39%)

07/20/17
JPMS
07/20/17
NO CHANGE
JPMS
Whirlpool pullback on Amazon-Sears team-up overdone, says JPMorgan
JPMorgan analyst Michael Rehaut said he believes the decline in Whirlpool (WHR) following news of Sears' (SHLD) deal to sell appliances via Amazon (AMZN) has been overdone. He notes Whirlpool has proven it can adapt to the changing retail environment and that if Amazon becomes a reasonably large distribution channel for appliances he'd expect the company to participate.
07/21/17
JEFF
07/21/17
NO CHANGE
JEFF
Home Depot, Lowe's, Best Buy selloff yesterday overdone, says Jefferies
Jefferies analyst Daniel Binder views the selloff yesterday in shares of Home Depot (HD), Lowe's (LOW) and Best Buy (BBY) on news that Sears (SLD) would sell Alexa-integrated Kenmore appliances through Amazon (AMZN) as overdone. While Amazon shouldn't be underestimated, appliance transactions are complex and Kenmore brand equity has declined, Binder tells investors in a research note. He does not believe the Sears deal is an indicator that more appliance manufacturers will sell direct via Amazon.
07/21/17
RHCO
07/21/17
NO CHANGE
RHCO
Amazon.com, Sears deal doesn't impact Best Buy thesis, says SunTrust
After Best Buy (BBY) dropped following the announcement of a deal between Amazon (AMZN) and Sears (SHLD) on appliances, SunTrust analyst David Magee says the 4% decline in Best Buy's stock is "understandable." However, he says the news doesn't alter his basic thesis on Best Buy. Magee says that Best Buy has shown that it can compete effectively against Amazon in other categories, while there are several other brands of appliances besides Sears' Kenmore that have good reputations and Best Buy will have better service than Sears and Amazon. He keeps a $70 price target and a Buy rating on Best Buy.
08/25/17
SUSQ
08/25/17
NO CHANGE
SUSQ
Sears core 'bad, getting worse, ' says Susquehanna
Susquehanna says that Sears' Q2 results show that its core business is "bad and getting worse," and the firm doubts "whether the company will ever" generate comp sales growth again. Susquehanna says that the company "is struggling to exist" and keeps a $4 price target and Negative rating on the stock.

TODAY'S FREE FLY STORIES

MU

Micron

$59.60

0.37 (0.62%)

14:49
06/20/18
06/20
14:49
06/20/18
14:49
Options
Micron options imply 10.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

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CRON

Cronos Group

$7.13

0.27 (3.94%)

14:45
06/20/18
06/20
14:45
06/20/18
14:45
Options
Cronos Group Inc call volume above normal and directionally bullish »

Bullish option flow…

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    Jun

TRPX

Therapix Biosciences

$4.35

0.055 (1.28%)

14:44
06/20/18
06/20
14:44
06/20/18
14:44
Syndicate
Breaking Syndicate news story on Therapix Biosciences »

Therapix Biosciences…

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TSRO

Tesaro

$46.02

5.98 (14.94%)

, RHHBY

Roche

$0.00

(0.00%)

14:44
06/20/18
06/20
14:44
06/20/18
14:44
Recommendations
Tesaro, Roche analyst commentary  »

RBC Capital…

TSRO

Tesaro

$46.02

5.98 (14.94%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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  • 20

    Jun

TST

TheStreet

$1.94

0.16 (8.99%)

14:33
06/20/18
06/20
14:33
06/20/18
14:33
Recommendations
TheStreet analyst commentary  »

TheStreet's sale of…

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DDAIF

Daimler AG

$0.00

(0.00%)

, BMWYY

BMW

$0.00

(0.00%)

14:32
06/20/18
06/20
14:32
06/20/18
14:32
Periodicals
Germany's big carmakers back abolition of EU/U.S. tariffs, WSJ reports »

Germany's leading…

DDAIF

Daimler AG

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

VLKAY

Volkswagen

$0.00

(0.00%)

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KIRK

Kirkland's

$12.42

0.07 (0.57%)

14:32
06/20/18
06/20
14:32
06/20/18
14:32
Conference/Events
Kirkland's management to meet with KeyBanc »

Meeting to be held in…

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  • 21

    Jun

ATCEY

Altice

$0.00

(0.00%)

, KKR

KKR

$24.37

0.2 (0.83%)

14:29
06/20/18
06/20
14:29
06/20/18
14:29
Hot Stocks
Altice to sell stakes in telecom tower units in France, Portugal for EUR2.5B »

Altice Europe (ATCEY)…

ATCEY

Altice

$0.00

(0.00%)

KKR

KKR

$24.37

0.2 (0.83%)

MS

Morgan Stanley

$50.04

0.11 (0.22%)

03/08/13
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  • 21

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CY

Cypress Semiconductor

$17.49

0.25 (1.45%)

14:25
06/20/18
06/20
14:25
06/20/18
14:25
Options
Cypress Semiconductor call volume above normal and directionally bullish »

Bullish option flow…

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MTB

M&T Bank

$174.15

-0.14 (-0.08%)

14:25
06/20/18
06/20
14:25
06/20/18
14:25
Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

The Subcommittee on…

03/08/13
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  • 20

    Jun

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
06/20/18
06/20
14:17
06/20/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
06/20/18
06/20
14:16
06/20/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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DIS

Disney

$107.32

1.12 (1.05%)

, CMCSA

Comcast

$33.40

0.59 (1.80%)

14:12
06/20/18
06/20
14:12
06/20/18
14:12
Recommendations
Disney, Comcast, 21st Century Fox, 21st Century Fox analyst commentary  »

KeyBanc sees end of Fox…

DIS

Disney

$107.32

1.12 (1.05%)

CMCSA

Comcast

$33.40

0.59 (1.80%)

FOX

21st Century Fox

$47.60

3.32 (7.50%)

FOXA

21st Century Fox

$48.15

3.44 (7.69%)

03/08/13
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  • 20

    Jun

AAL

American Airlines

$42.19

0.68 (1.64%)

14:05
06/20/18
06/20
14:05
06/20/18
14:05
Hot Stocks
American says PSA stabilized systems Tuesday, sees close to normal ops Thursday »

In an update posted to…

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  • 26

    Jun

FB

Facebook

$202.95

5.49 (2.78%)

14:01
06/20/18
06/20
14:01
06/20/18
14:01
Periodicals
Facebook's Instagram hits 1B monthly active users, Recode reports »

Recode's Kurt Wagner…

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BDRBF

Bombardier

$0.00

(0.00%)

14:00
06/20/18
06/20
14:00
06/20/18
14:00
Conference/Events
Bombardier to make an announcement on Toronto's aerospace hub »

VP Nadolski and VP Caza…

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  • 21

    Jun

HDP

Hortonworks

$19.77

0.17 (0.87%)

14:00
06/20/18
06/20
14:00
06/20/18
14:00
Options
Renewed call buying in HortonNetworks »

Renewed call buying in…

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WMT

Walmart

$83.65

0.05 (0.06%)

13:56
06/20/18
06/20
13:56
06/20/18
13:56
Periodicals
Walmart's tech arm expected to add 2,000 employees this year, VentureBeat says »

Walmart's technology…

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13:55
06/20/18
06/20
13:55
06/20/18
13:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Terrorism &…

CNDT

Conduent

$20.25

-0.515 (-2.48%)

13:50
06/20/18
06/20
13:50
06/20/18
13:50
Options
Put buyers active in Conduent as shares slump »

Put buyers active in…

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DIS

Disney

$107.11

0.905 (0.85%)

, FOX

21st Century Fox

$47.50

3.22 (7.27%)

13:44
06/20/18
06/20
13:44
06/20/18
13:44
Periodicals
DOJ near approving Disney bid for 21st Century Fox assets, Bloomberg says »

Disney (DIS) is near…

DIS

Disney

$107.11

0.905 (0.85%)

FOX

21st Century Fox

$47.50

3.22 (7.27%)

FOXA

21st Century Fox

$47.96

3.25 (7.27%)

CMCSA

Comcast

$33.39

0.58 (1.77%)

CMCSK

Comcast

$0.00

(0.00%)

03/08/13
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  • 20

    Jun

FB

Facebook

$202.82

5.355 (2.71%)

13:41
06/20/18
06/20
13:41
06/20/18
13:41
Technical Analysis
Technical Take: Facebook breaks out to fresh life highs, crosses $200 »

The stock was last at…

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CMCSA

Comcast

$33.40

0.59 (1.80%)

13:40
06/20/18
06/20
13:40
06/20/18
13:40
Options
Active trading in Comcast as shares erase morning losses »

Active trading in Comcast…

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MSFT

Microsoft

$102.10

1.21 (1.20%)

13:39
06/20/18
06/20
13:39
06/20/18
13:39
Hot Stocks
Microsoft overhauls news app »

Earlier today Microsoft…

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PLAY

Dave & Buster's

$52.44

-2.01 (-3.69%)

13:35
06/20/18
06/20
13:35
06/20/18
13:35
Options
Dave & Buster's put volume heavy and directionally bearish »

Bearish flow noted in…

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