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CBL

CBL & Associates

$3.52

0.085 (2.48%)

, SHLD

Sears

$0.40

0.09 (29.03%)

18:33
10/16/18
10/16
18:33
10/16/18
18:33

CBL Properties updates on redevelopment plan for Sears stores

CBL Properties (CBL) provided an update on its redevelopment efforts related to Sears stores in its portfolio. "We have been preparing for an eventual Sears (SHLD) bankruptcy since 2013, when we purchased two Sears locations and transformed them into dining, retail and entertainment destinations," said Stephen Lebovitz, CEO. "The Sears stores in our markets are well-located with excellent visibility, access and infrastructure. As a result, we have been able to attract high quality replacement users and new concepts that had not previously considered a mall environment. Additionally, we are able to pursue a number of non-traditional uses through partnerships. These other developers, be it multi-family, hotel or other use, recognize the immense value of these locations and are coming to us to take advantage of the great real estate that's becoming available." Yesterday Sears announced anticipated store closures as part of its Chapter 11 bankruptcy filing. CBL stores on the closure list include Hamilton Place in Chattanooga, TN; Jefferson Mall in Louisville, KY; Cross Creek Mall in Fayetteville, NC; Imperial Valley in El Centro, CA; Honey Creek Mall in Terre Haute, IN; and Governor's Square Mall in Clarksville, TN.

CBL

CBL & Associates

$3.52

0.085 (2.48%)

SHLD

Sears

$0.40

0.09 (29.03%)

  • 30

    Oct

CBL CBL & Associates
$3.52

0.085 (2.48%)

12/20/17
RAJA
12/20/17
DOWNGRADE
RAJA
Underperform
CBL & Associates downgraded to Underperform at Raymond James
Raymond James analyst Collin Mings downgraded CBL & Associates to Underperform from Market Perform saying 2018 consensus estimates need to be reset lower, the company is disproportionately impacted by shifting consumer preferences, and capital allocation priorities will be difficult to balance. Mings expects results to be pressured for the foreseeable future from to occupancy pressure, leasing spreads and NOI.
12/21/17
JEFF
12/21/17
DOWNGRADE
JEFF
Underperform
CBL & Associates downgraded to Underperform from Hold at Jefferies
12/21/17
JEFF
12/21/17
DOWNGRADE
Target $4
JEFF
Underperform
CBL & Associates downgraded to Underperform from Hold at Jefferies
Jefferies analyst Omotayo Okusanya downgraded CBL & Associates to Underperform saying the shares will "remain impaired" in 2018 as the retail environment remains challenged. The analyst cut his price target for the shares to $4 from $5.
08/07/18
BTIG
08/07/18
DOWNGRADE
Target $2.5
BTIG
Sell
CBL & Associates downgraded to Sell from Neutral at BTIG
BTIG analyst James Sullivan downgraded CBL & Associates to Sell from Neutral with a price target of $2.50 after the company warned in its earnings call that a dividend cut in FY19 is possible. The analyst cites the REIT's declining same-store net operating income, capital needs of its portfolio, and a high debt load while re-negotiating its bank lines ahead of a maturing term loan facility next year. Sullivan adds that while CBL's guidance implies some improvement in the second half of this year, its "weaker sales productivity" suggests that the rebound will be more shallow than that of its peers, anticipating a dividend cut of 30%-50%.
SHLD Sears
$0.40

0.09 (29.03%)

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.
10/16/18
LOOP
10/16/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy to be major beneficiary of likely Sears liquidation, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $88 price target on Best Buy (BBY) after Sears Holdings (SHLD) declared bankruptcy over the weekend, saying it should be a "major beneficiary" from the latter's eventual "likely" liquidation. The analyst estimates the liquidation could add as much as 47c or 8.5% accretion to Best Buy FY19 EPS, with the company picking up a "fair share" on the consumer electronics side of the business as the "last man standing" in terms of dedicated national brick-and-mortar retailers.

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GOOGL

Alphabet Class A

$1,194.35

6.26 (0.53%)

, FB

Facebook

$163.01

2.55 (1.59%)

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Conference/Events
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GOOGL

Alphabet Class A

$1,194.35

6.26 (0.53%)

FB

Facebook

$163.01

2.55 (1.59%)

TWTR

Twitter

$31.29

0.2 (0.64%)

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GOOG

Alphabet

$1,192.00

8.34 (0.70%)

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Alphabet Class A

$1,195.34

7.25 (0.61%)

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$1,195.34

7.25 (0.61%)

AMD

AMD

$24.78

1.53 (6.58%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.60

1.14 (0.40%)

13:29
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Periodicals
Trade talks between U.S. and China in final stages, WSJ reports »

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$283.60

1.14 (0.40%)

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GOOG

Alphabet

$1,192.00

8.34 (0.70%)

, GOOGL

Alphabet Class A

$1,194.79

6.7 (0.56%)

13:28
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GOOG

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$1,192.00

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GOOGL

Alphabet Class A

$1,194.79

6.7 (0.56%)

MSFT

Microsoft

$117.71

0.11 (0.09%)

SNE

Sony

$46.18

0.085 (0.18%)

03/08/13
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GIS

General Mills

$47.45

-0.155 (-0.33%)

13:27
03/19/19
03/19
13:27
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13:27
Earnings
Notable companies reporting before tomorrow's open »

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FDX

FedEx

$183.00

0.58 (0.32%)

13:27
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13:27
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13:27
Earnings
Notable companies reporting after market close »

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13:26
03/19/19
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13:26
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13:26
Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

CPRX

Catalyst Pharmaceuticals

$3.49

0.4 (12.95%)

13:26
03/19/19
03/19
13:26
03/19/19
13:26
Recommendations
Catalyst Pharmaceuticals analyst commentary  »

Catalyst's initial…

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GOOG

Alphabet

$1,191.14

7.48 (0.63%)

, GOOGL

Alphabet Class A

$1,193.76

5.67 (0.48%)

13:26
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13:26
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Hot Stocks
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GOOG

Alphabet

$1,191.14

7.48 (0.63%)

GOOGL

Alphabet Class A

$1,193.76

5.67 (0.48%)

ATVI

Activision Blizzard

$46.80

1.83 (4.07%)

TTWO

Take-Two

$95.98

2.22 (2.37%)

UBSFY

Ubisoft

$0.00

(0.00%)

03/08/13
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13:24
03/19/19
03/19
13:24
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Conference/Events
JPMorgan pharmaceticals analyst to hold a luncheon »

Pharmaceuticals Analyst…

GOOG

Alphabet

$1,191.14

7.48 (0.63%)

, GOOGL

Alphabet Class A

$1,194.17

6.08 (0.51%)

13:24
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13:24
Hot Stocks
Google unveils Stadia controller »

As part of its Stadia…

GOOG

Alphabet

$1,191.14

7.48 (0.63%)

GOOGL

Alphabet Class A

$1,194.17

6.08 (0.51%)

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13:23
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13:23
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Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

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GOOG

Alphabet

$1,190.42

6.76 (0.57%)

, GOOGL

Alphabet Class A

$1,194.51

6.42 (0.54%)

13:20
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Google says Stadia to include button on YouTube gaming videos to play instantly »

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GOOG

Alphabet

$1,190.42

6.76 (0.57%)

GOOGL

Alphabet Class A

$1,194.51

6.42 (0.54%)

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GOOG

Alphabet

$1,190.00

6.34 (0.54%)

, GOOGL

Alphabet Class A

$1,194.10

6.01 (0.51%)

13:17
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GOOG

Alphabet

$1,190.00

6.34 (0.54%)

GOOGL

Alphabet Class A

$1,194.10

6.01 (0.51%)

UBSFY

Ubisoft

$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
03/19/19
03/19
13:17
03/19/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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13:16
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NYSE market internals summary »

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GOOG

Alphabet

$1,188.47

4.81 (0.41%)

, GOOGL

Alphabet Class A

$1,191.43

3.34 (0.28%)

13:10
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GOOG

Alphabet

$1,188.47

4.81 (0.41%)

GOOGL

Alphabet Class A

$1,191.43

3.34 (0.28%)

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NOG

Northern Oil and Gas

$2.47

0.01 (0.41%)

13:10
03/19/19
03/19
13:10
03/19/19
13:10
Options
Notable spread in Northern Oil and Gas »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.92

0.46 (0.16%)

13:08
03/19/19
03/19
13:08
03/19/19
13:08
Periodicals
U.S., China trade talks in final stages, WSJ reports »

The trade talks between…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.92

0.46 (0.16%)

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SKX

Skechers

$33.10

-0.01 (-0.03%)

13:05
03/19/19
03/19
13:05
03/19/19
13:05
Options
Skechers call volume above normal and directionally bullish »

Bullish option flow…

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13:05
03/19/19
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13:05
General news
Treasury Action: trade worries are putting a bid in Treasuries »

Treasury Action: trade…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.29

0.83 (0.29%)

13:03
03/19/19
03/19
13:03
03/19/19
13:03
Periodicals
Markets drop after Bloomberg report on China walking back some trade offers 

Reference Link

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.29

0.83 (0.29%)

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WSM

Williams-Sonoma

$57.42

1.01 (1.79%)

12:55
03/19/19
03/19
12:55
03/19/19
12:55
Options
Williams Sonoma put volume heavy and directionally bearish »

Bearish flow noted in…

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ZNGA

Zynga

$5.37

0.02 (0.37%)

, AMZN

Amazon.com

$1,782.25

40.25 (2.31%)

12:52
03/19/19
03/19
12:52
03/19/19
12:52
Periodicals
Amazon focuses on building game industry's digital infrastructure, Variety says »

Amazon (AMZN), which owns…

ZNGA

Zynga

$5.37

0.02 (0.37%)

AMZN

Amazon.com

$1,782.25

40.25 (2.31%)

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SPY

SPDR S&P 500 ETF Trust

$283.90

1.44 (0.51%)

, SPX

S&P 500

$0.00

(0.00%)

12:50
03/19/19
03/19
12:50
03/19/19
12:50
Periodicals
Some U.S. officials see China walking back trade offers, Bloomberg reports »

Some U.S. officials are…

SPY

SPDR S&P 500 ETF Trust

$283.90

1.44 (0.51%)

SPX

S&P 500

$0.00

(0.00%)

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