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WMT

Walmart

$103.51

0.45 (0.44%)

05:44
04/25/19
04/25
05:44
04/25/19
05:44

UK CMA prohibits merger of Walmart subsidiary Asda with Sainsbury's

The UK Competition and Markets Authority, or CMA, has published its Final Report on the proposed merger of Asda and Sainsbury's, resulting in prohibition of the merger. Despite the clear customer benefits of the proposed merger, as a result of the CMA's findings, Asda, its parent Walmart and Sainsbury's have mutually agreed to terminate the transaction. Commenting on the proposed merger of Asda and Sainsbury's, Judith McKenna, CEO of Walmart International, said: "We have been clear from the beginning of the proposed merger about two things. Firstly, that retail is rapidly changing and standing still is not an option, and secondly that we will always ensure our international markets are strong local businesses powered by Walmart. The UK remains one of the most competitive retail markets in the world and Asda's seven consecutive quarters of year-on-year growth show it is a strong business with a clear strategy and focused leadership. It was against that backdrop that we decided to explore the proposed merger with Sainsbury's - an opportunity which would have further strengthened the Asda business and delivered real benefits for UK customers. While we're disappointed by the CMA's final report and conclusions, our focus now is continuing to position Asda as a strong UK retailer delivering for customers. Walmart will ensure Asda has the resources it needs to achieve that. I would like to personally thank and recognize Roger and the entire Asda team for their incredible focus and approach during the merger process. They have had the customer at their heart at every step, and I know they will continue to do so." Roger Burnley, CEO of Asda, commented: "Asda's DNA is delivering low prices for hard working families and that will never change. We were right to explore the potential merger with Sainsbury's, which would have delivered great benefits for customers and supported the long term, sustainable success of our business. We're disappointed with their findings but will continue to find ways to put money back into customer's pockets and deliver great quality and service in an ever changing and demanding market. I have always been hugely aware that the last year has been an unsettling time for all of our colleagues and am immensely grateful for their commitment and dedication during that time. Our focus is now on the most important job we all have - delivering for our customers."

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WMT Walmart
$103.51

0.45 (0.44%)

04/01/19
SBSH
04/01/19
UPGRADE
Target $18
SBSH
Neutral
Bed Bath & Beyond upgraded to Neutral from Sell at Citi
Citi analyst Geoff Small upgraded Bed Bath & Beyond (BBBY) to Neutral from Sell and raised his price target for the shares to $18 from $10 after taking over coverage of the name. Citi transferred coverage of Broadlines & Hardlines Retail names to Small. The analyst assumed coverage with Buy ratings on AutoZone (AZO), BJ's Wholesale (BJ), Home Depot (HD), Lowe's (LOW), O'Reilly Automotive (ORLY) and Walmart (WMT). The U.S. consumer remains on "solid footing" amid low unemployment, rising wages, declining gas prices, manageable levels of debt, and elevated consumer confidence, Small tells investors in a research note. However, he points out that we are in the ninth year of the current economic expansion and "the possibility of a macroeconomic slowdown cannot be ignored." The analyst prefers retailers operating in "defensive sectors that are less susceptible to disruption by online competitors," namely auto parts, broadlines and home improvement retail. Small also assumed Advance Auto Parts (AAP), Best Buy (BBY), Costco (COST) and Office Depot (ODP) with Neutral ratings.
04/02/19
JEFF
04/02/19
NO CHANGE
Target $76
JEFF
Buy
Green Dot pullback brings good buying opportunity, says Jefferies
Jefferies analyst John Hecht believes the pullback in shares of Green Dot (GDOT) represents a good opportunity to buy the stock. Green Dot trades 25% below its three year average multiple amid "overdone" concerns around the Walmart (WMT) renewal and fears about slowing revenue and account growth, Hecht tells investors in a research note. The analyst says that while the WalMart MoneyCard private label program renewal represents an overhang, he expects Green Dot to keep the program. He considered a scenario with increased commissions for the MoneyCard, and still only sees a "modest" potential impact on earnings. Hecht lowered his price target for Green Dot to $76 from $100 and keeps a Buy rating on the shares.
04/02/19
DBAB
04/02/19
UPGRADE
Target $15
DBAB
Buy
Deutsche Bank upgrades Hostess Brands to Buy, boosts price target to $15
Deutsche Bank analyst Rob Dickerson upgraded Hostess Brands (TWNK) to Buy from Hold and raised his price target for the shares to $15 from $12. Management execution, a turnaround to profitability in the Chicago bakery and improved pricing could return Hostess to "top-tier revenue growth" this year, Dickerson tells investors in a research note. He believes the lapping of the Walmart (WMT) merchandising issues in Q2 and better pricing offsetting higher freight costs and wage inflation should boost the company's results.
04/08/19
PIPR
04/08/19
NO CHANGE
Target $2070
PIPR
Overweight
Piper teen survey shows Amazon Prime adoption 'once again' increased
Piper Jaffray's survey of 8,000 U.S. teens showed improved Amazon mindshare, 50% versus 47% in the fall 2018 survey, and that Prime adoption, "once again," increased, analyst Michael Olson tells investors in a research note. 76% of respondents indicated their family had a Prime membership versus 74% in the fall 2018 survey, says the analyst. This indicates the number of U.S. Prime households would be in the 85M range and growing, albeit at a decelerating rate, adds Olson. He believes this "massive scale is crucial, as it makes it very difficult for competitors, such as Wal-Mart, to change consumer habits." The analyst reiterates an Overweight rating on Amazon.com with a $2,070 price target.

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INGN

Inogen

$72.22

0.93 (1.30%)

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GTLS

Chart Industries

$70.49

0.33 (0.47%)

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SPY

SPDR S&P 500 ETF Trust

$294.30

0.31 (0.11%)

, SPX

S&P 500

$0.00

(0.00%)

11:50
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06/24
11:50
06/24/19
11:50
General news
Trump signing executive order for 'strong sanctions' on Iran, Bloomberg reports »

Bloomberg quotes…

SPY

SPDR S&P 500 ETF Trust

$294.30

0.31 (0.11%)

SPX

S&P 500

$0.00

(0.00%)

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HAL

Halliburton

$22.55

-0.28 (-1.23%)

11:50
06/24/19
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11:50
Options
Halliburton trader exits late-may risk-reversal for a loss »

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KRYS

Krystal Biotech

$37.20

7.92 (27.05%)

11:46
06/24/19
06/24
11:46
06/24/19
11:46
Recommendations
Krystal Biotech analyst commentary  »

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TLRD

Tailored Brands

$6.11

0.565 (10.20%)

11:45
06/24/19
06/24
11:45
06/24/19
11:45
Options
Tailored Brands call volume above normal and directionally bullish »

Bullish option flow…

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SPOT

Spotify

$149.94

1.77 (1.19%)

, AAPL

Apple

$199.39

0.62 (0.31%)

11:44
06/24/19
06/24
11:44
06/24/19
11:44
Periodicals
Apple hits back at Spotify's claims of unfair App Store treatment, AI reports »

Apple (AAPL) is hitting…

SPOT

Spotify

$149.94

1.77 (1.19%)

AAPL

Apple

$199.39

0.62 (0.31%)

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11:43
06/24/19
06/24
11:43
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11:43
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

11:43
06/24/19
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11:43
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11:43
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

OXFD

Oxford Immunotec

$13.88

-0.22 (-1.56%)

11:37
06/24/19
06/24
11:37
06/24/19
11:37
Hot Stocks
Oxford Immunotec appoints Patrick Balthrop, Sr. as Chairman »

Oxford Immunotec…

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SPOT

Spotify

$149.99

1.82 (1.23%)

, DE

Deere

$167.23

2.94 (1.79%)

11:33
06/24/19
06/24
11:33
06/24/19
11:33
On The Fly
Spotify downgrade, Deere upgrade among today's top analyst calls »

Check out today's top…

SPOT

Spotify

$149.99

1.82 (1.23%)

DE

Deere

$167.23

2.94 (1.79%)

AGCO

Agco

$76.63

1.92 (2.57%)

IP

International Paper

$42.49

-1.13 (-2.59%)

OXY

Occidental Petroleum

$49.84

-0.78 (-1.54%)

APC

Anadarko

$70.20

-0.17 (-0.24%)

OAS

Oasis Petroleum

$5.45

-0.27 (-4.72%)

SHOP

Shopify

$315.91

-10.77 (-3.30%)

03/08/13
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FB

Facebook

$193.42

2.26 (1.18%)

11:30
06/24/19
06/24
11:30
06/24/19
11:30
Options
Lots of likes for short-term Facebook upside calls »

Lots of likes for…

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SIG

Signet Jewelers

$17.49

-0.13 (-0.74%)

11:25
06/24/19
06/24
11:25
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11:25
Options
Signet Jewelers call volume above normal and directionally bullish »

Bullish option flow…

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TVTY

Tivity Health

$17.18

-0.23 (-1.32%)

11:24
06/24/19
06/24
11:24
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Conference/Events
Tivity Health management to meet with SunTrust »

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11:20
06/24/19
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11:20
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
06/24/19
06/24
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
06/24/19
06/24
11:16
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11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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UPS

UPS

$100.87

-1.29 (-1.26%)

11:15
06/24/19
06/24
11:15
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11:15
Options
UPS put volume heavy and directionally bearish »

Bearish flow noted in UPS…

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11:15
06/24/19
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11:15
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11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
06/24/19
06/24
11:15
06/24/19
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

SRPT

Sarepta

$127.90

-2.01 (-1.55%)

, PFE

Pfizer

$43.59

-0.09 (-0.21%)

11:11
06/24/19
06/24
11:11
06/24/19
11:11
On The Fly
Before the Move: Watch Sarepta ahead of Pfizer's DMD gene therapy data »

Ahead of the Parent…

SRPT

Sarepta

$127.90

-2.01 (-1.55%)

PFE

Pfizer

$43.59

-0.09 (-0.21%)

SLDB

Solid Biosciences

$4.91

-0.07 (-1.41%)

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GLW

Corning

$33.15

-0.1 (-0.30%)

11:08
06/24/19
06/24
11:08
06/24/19
11:08
Recommendations
Corning analyst commentary at JPMorgan »

Drop in LCD TV panel…

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TSN

Tyson Foods

$81.18

1.87 (2.36%)

11:05
06/24/19
06/24
11:05
06/24/19
11:05
Options
Tyson Foods call volume above normal and directionally bullish »

Bullish option flow…

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BMY

Bristol-Myers

$45.86

-3.5 (-7.09%)

, CELG

Celgene

$94.16

-4.76 (-4.81%)

10:59
06/24/19
06/24
10:59
06/24/19
10:59
Periodicals
Bristol-Myers' merger headaches could be 'contagious,' STAT News says »

Bristol-Myers Squibb…

BMY

Bristol-Myers

$45.86

-3.5 (-7.09%)

CELG

Celgene

$94.16

-4.76 (-4.81%)

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