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SHLD

Sears

$0.40

0.05 (14.28%)

05:20
10/15/18
10/15
05:20
10/15/18
05:20

Sears CEO Edward Lampert steps down as CEO, board creates 'Office of the CEO'

Edward Lampert has stepped down from his role as CEO of the company, effective immediately. He will remain Chairman of the board. The company's board has created an Office of the CEO, which will be responsible for managing the company's day-to-day operations during this process. The Office of the CEO will be composed of Robert Riecker, CFO; Leena Munjal, Chief Digital Officer, Customer Experience and Integrated Retail; and Gregory Ladley, President of Apparel and Footwear.

SHLD Sears
$0.40

0.05 (14.28%)

05/09/18
JEFF
05/09/18
NO CHANGE
Target $60
JEFF
Hold
Sears-Amazon tire partnership not a negative for Monro, says Jefferies
Jefferies analyst Bret Jordan kept his Hold rating and $60 price target on Monro (MNRO) after its stock price fell over 7.5% today to $52.70, saying Sears (SHLD) partnership with Amazon (AMZN) on tire installation and services is a not "transformational negative". Jordan notes that the greater transparency and price matching is not new, while Monro is "already an installer for other online sellers such as Tirerack and ATD's tirebuyer.com". The analyst adds that the agreement is not exclusive, leaving the "door open" for Monro to enter into a similar deal.
09/24/18
WELS
09/24/18
NO CHANGE
WELS
Outperform
Newell weakness on potential Sears bankruptcy fears overdone, says Wells Fargo
Wells Fargo analyst Bonnie Herzog believes today's weakness in shares of Newell Brands (NWL) is likely due to concerns about a potential bankruptcy of Sears (SHLD) as well as ongoing China tariff negotiations. However, she views the move as a "complete overreaction," arguing that Newell's exposure to Sears is fairly limited. Herzog, who sees today's weakness as overblown and would be a buyer amid the weakness, reiterates her Outperform rating on Newell shares, which are down 7% to $20.28 in late morning trading.
10/12/18
MSCO
10/12/18
NO CHANGE
Target $1.5
MSCO
Equal Weight
Morgan Stanley sees near-term pressure, long-term gain for Penney if Sears folds
Amid recent headlines regarding Sears (SHLD) adding a restructuring expert and reportedly pursuing a bankruptcy filing, Morgan Stanley analyst Kimberly Greenberger noted that she believes J.C. Penney (JCP) had the highest store overlap with Sears, K-Mart, and Sears Specialty Stores within both a quarter mile and half mile radius. If Sears closes additional stores or engages in liquidation sales, retailers in the close trade areas could experience some short-term pressure, said Greenberger, who added that Sears has already been closing stores for years. In the medium to long-term, she expects J.C. Penney and other retailers in the respective trade areas to potentially benefit from these closures. Greenberger, who views Penney's near-term debt maturities as "manageable," keeps an Equal Weight rating and $1.50 price target on the shares.
10/12/18
MKMP
10/12/18
NO CHANGE
Target $31
MKMP
Neutral
L Brands visibility remains low despite better Sept comps, says MKM Partners
MKM Partners analyst Roxanne Meyer kept her Neutral rating and $31 price target on L Brands (LB), saying that while the company reported better than expected same store sales in September and its Victoria's Secret brand comps turned positive, its visibility remains low. The analyst lists potential catalysts for L Brands being a "strong performance of pajamas in Q4 and the reintroduction of swimwear" at VS, but also points to her "newest concern" being the likelihood of a Sears (SHLD) liquidation, which would then reduce traffic at malls where the company also has retail presence.

TODAY'S FREE FLY STORIES

AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:46
10/23/19
10/23
06:46
10/23/19
06:46
Earnings
Avery Dennison narrows FY19 adj. EPS view to $6.50-$6.60 from $6.50-$6.65 

FY19 consensus $6.52.

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AVY

Avery Dennison

$118.56

0.06 (0.05%)

06:45
10/23/19
10/23
06:45
10/23/19
06:45
Earnings
Avery Dennison reports Q3 adjusted EPS $1.66, consensus $1.61 »

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General news
Breaking General news story  »

Week of 10/18 MBA…

FB

Facebook

$182.27

-7.55 (-3.98%)

06:44
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Facebook analyst commentary  »

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CISN

Cision

$10.08

1.63 (19.29%)

06:42
10/23/19
10/23
06:42
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06:42
Downgrade
Cision rating change  »

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TXN

Texas Instruments

$128.61

-2.32 (-1.77%)

06:41
10/23/19
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06:41
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06:41
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Texas Instruments analyst commentary  »

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CPF

Central Pacific

$29.49

0.305 (1.05%)

06:40
10/23/19
10/23
06:40
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06:40
Earnings
Central Pacific reports Q3 EPS 51c, consensus 49c »

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CAT

Caterpillar

$133.69

1.47 (1.11%)

06:39
10/23/19
10/23
06:39
10/23/19
06:39
Earnings
Cat Financial reports Q3 revenue $748M, up 2% vs. last year »

The company states:…

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VZ

Verizon

$60.80

0.06 (0.10%)

06:39
10/23/19
10/23
06:39
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06:39
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Verizon and Corning partnering in 5G technology for factory automation »

Verizon has installed 5G…

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LMT

Lockheed Martin

$373.76

0.6 (0.16%)

06:37
10/23/19
10/23
06:37
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06:37
Hot Stocks
Lockheed Martin awarded Air Force ICBM contract »

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SSI

Stage Stores

$2.24

0.09 (4.19%)

, AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

06:37
10/23/19
10/23
06:37
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06:37
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Stage Stores announces in-store package pick-up with Amazon Hub Counter »

Stage Stores (SSI)…

SSI

Stage Stores

$2.24

0.09 (4.19%)

AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

03/08/13
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  • 24

    Oct

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    Nov

MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:36
10/23/19
10/23
06:36
10/23/19
06:36
Hot Stocks
MarketAxess raises 2019 CapEx view to $31M-$33M from $25M-$30M »

Backs 2019 expense view…

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  • 23

    Oct

CAT

Caterpillar

$133.69

1.47 (1.11%)

06:36
10/23/19
10/23
06:36
10/23/19
06:36
Hot Stocks
Caterpillar says decline in sales driven mainly by dealer inventory decrease »

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  • 23

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  • 04

    Nov

LTXB

LegacyTexas Financial

$44.04

0.22 (0.50%)

06:36
10/23/19
10/23
06:36
10/23/19
06:36
Earnings
LegacyTexas Financial reports Q3 EPS 90c, consensus 83c »

Reports Q3 tangible book…

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  • 28

    Oct

ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:35
10/23/19
10/23
06:35
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06:35
Hot Stocks
Alexion CEO says 'delivered another record performance' in Q3 »

"With consistent and…

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  • 23

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:35
10/23/19
10/23
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Prosperity Bancshares raises dividend by 12.2% to 46c per share »

Prosperity Bancshares…

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  • 23

    Oct

MKTX

MarketAxess

$340.76

-12.61 (-3.57%)

06:35
10/23/19
10/23
06:35
10/23/19
06:35
Earnings
MarketAxess reports Q3 EPS $1.42, consensus $1.39 »

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  • 23

    Oct

BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Boston Scientific narrows FY19 adjusted EPS view to $1.55-$1.58 from $1.54-$1.58 »

Consensus is $1.56.…

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  • 23

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    Nov

CAT

Caterpillar

$133.69

1.47 (1.11%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Caterpillar cuts FY19 EPS view to $10.90-$11.40 from 'low end' of $12.06-$13.06 »

Consensus $11.70. Both…

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  • 23

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  • 04

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PB

Prosperity Bancshares

$71.60

0.33 (0.46%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Earnings
Prosperity Bancshares reports Q3 EPS $1.19, consensus $1.18 »

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  • 23

    Oct

HRI

Herc Holdings

$47.02

-0.295 (-0.62%)

06:34
10/23/19
10/23
06:34
10/23/19
06:34
Hot Stocks
Breaking Hot Stocks news story on Herc Holdings »

Herc Holdings raises 2019…

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  • 23

    Oct

  • 09

    Dec

NOW

ServiceNow

$228.26

-12.315 (-5.12%)

06:33
10/23/19
10/23
06:33
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06:33
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ServiceNow analyst commentary  »

Macquarie a buyer of…

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  • 23

    Oct

  • 09

    Dec

  • 12

    Dec

BSX

Boston Scientific

$38.21

-0.45 (-1.16%)

06:33
10/23/19
10/23
06:33
10/23/19
06:33
Earnings
Boston Scientific sees Q4 adjusted EPS 42c-45c, consensus 44c »

Sees Q4 revenue growth,…

03/08/13
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  • 23

    Oct

  • 13

    Nov

HRI

Herc Holdings

$47.02

-0.295 (-0.62%)

06:33
10/23/19
10/23
06:33
10/23/19
06:33
Earnings
Herc Holdings reports Q3 adjusted EPS $1.48, consensus $1.63 »

Reports Q3 revenue…

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  • 23

    Oct

  • 09

    Dec

ALXN

Alexion

$99.22

-1.38 (-1.37%)

06:32
10/23/19
10/23
06:32
10/23/19
06:32
Earnings
Alexion raises FY19 adj. EPS view to $10.25-$10.40 from $9.65-$9.85 »

FY19 consensus $9.94.…

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  • 23

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