RBC Capital Reiterates Outperform on Whole Foods Market (WFM) Following 4Q Results

S&P 500 losing streak runs to 8 days as Facebook weighs

November 3, 2016 7:26 AM EDT

By Lewis Krauskopf

(Reuters) - The S&P 500 fell for an eighth straight session on Thursday, its longest losing streak since the 2008 financial crisis, as Facebook shares weighed and investors grappled with uncertainty over next week's U.S. presidential election.

Facebook shares tumbled 5.7 percent as the world's largest online social media network warned that revenue growth would slow this quarter.

The stock was the biggest drag on the S&P 500 as well as on the tech-heavy Nasdaq, which also posted its eighth straight day of losses.

Investors have been unnerved by signs the U.S.... More

Whole Foods Market (WFM): Mixed Signals Drive Estimate Cuts - BMO

November 3, 2016 6:45 AM EDT

BMO Capital analyst, Kelly Bania, reiterated her Underperform rating on shares of Whole Foods Market (NASDAQ: WFM) after F4Q16 earnings were ahead of expectations but concerns about comp growth slowing drove her to cut estimates.

F17E EPS drops to $1.42 (from $1.49) and F18E EPS is now... More

Whole Foods founder Mackey retakes helm in turnaround

November 3, 2016 1:02 AM EDT

By Lisa Baertlein

LOS ANGELES (Reuters) - Whole Foods Market Inc (NASDAQ: WFM) is staking its future on blunt, vegan co-founder John Mackey, betting the man who built the high-end health food grocery chain has the best shot of leading its turnaround.

Whole Foods on Wednesday said Mackey would resume his job as solo chief executive officer six years after he split the role with co-CEO Walter Robb, known as the businessman who carried out Mackey's vision.

The Austin, Texas-based grocer has reported five quarters of falling sales at... More

After-Hours Stock Movers 11/02: (IQNT) (AUPH) (KTOS) Higher; (FIT) (DPLO) (FB) Lower (more...)

November 2, 2016 6:27 PM EDT

Today's After-Hours Moves

Inteliquent, Inc. (NASDAQ: IQNT) 33.6% HIGHER; entered into a definitive agreement to be acquired by an affiliate of GTCR LLC, a leading private equity firm, and merged with a subsidiary of Onvoy, LLC a fast-growing leader in Communications Enablement services. Under the terms of the agreement, Inteliquent stockholders of record will receive $23.00 in cash per share of common stock, which represents a 37% premium to Inteliquents closing stock price on November 1, 2016. The value of the transaction is approximately $800 million.

Fitbit (NYSE:... More

Whole Foods sales slide easing, co-founder Mackey to become CEO

November 2, 2016 4:39 PM EDT

By Lisa Baertlein

(Reuters) - Whole Foods Market Inc (NASDAQ: WFM) on Wednesday said sales declines at established stores are easing and that its co-founder John Mackey will take over as the company's sole chief executive, sending its shares up nearly 4 percent after hours.

The pioneering organic and natural food grocer said Walter Robb, who has split CEO duties with Mackey for six years, will step aside at year end.

"The streamlining of management is seen as a good thing," said Hedgeye Risk Management analyst Howard Penney, who added... More

Whole Foods Market (WFM) Transitions to co-CEO Leadership Model

November 2, 2016 4:17 PM EDT

The Board of Directors of Whole Foods Market (Nasdaq: WFM) announced changes to the leadership structure, including transitioning from co-Chief Executive Officers to a sole Chief Executive Officer, with co-Founder John Mackey to serve in that capacity.

Walter Robb will remain on the Companys Board of Directors and continue to serve as Chairman for both Whole Kids Foundation and Whole Cities Foundation. He will officially transition his co-CEO responsibilities on December 31, 2016, and will continue to be a senior advisor to the Company. Robb has served the company for 25 years, most recently as... More

Whole Foods Market (WFM) Tops Q4 EPS by 4c; Shifts to co-CEO Structure

November 2, 2016 4:16 PM EDT

Whole Foods Market (NASDAQ: WFM) reported Q4 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.5 billion.

Comps fell 2.6 percent , versus a drop of 2.1 percent expected.

Leadership Structure:

The Board of Directors of Whole Foods announced changes to the leadership structure, including transitioning from co-Chief Executive Officers to a sole Chief Executive Officer, with co-Founder John Mackey to serve in that capacity.

Walter Robb will remain on the Companys... More

Trading Radar for 11/2: Facebook (FB), Qualcomm (QCOM), Alibaba (BABA), Yelp (YELP), Allstate (ALL), Fitbit (FIT) Report

November 1, 2016 2:56 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:15am EDT

ADP Employment Change - Street sees 165k

Earnings:

1-800-FLOWERS.com (NYSE: FLWS) - consensus loss $0.23
Alibaba (NYSE: BABA) - consensus EPS $0.69
Alkermes plc (Nasdaq: ALKS) - consensus loss $0.06
Allergan (NYSE: AGN) - consensus EPS $3.65
AmerisourceBergen (NYSE: ABC) - consensus EPS... More

Whole Foods Market (WFM) calls active inoto Q4 and outlook

November 1, 2016 12:10 PM EDT

Whole Foods Market (NASDAQ: WFM) November weekly call option implied volatility is at 99, November is at 51; compared to its 52-week range of 21 to 56 into the expected release of Q4 results November 2.

... More

Oppenheimer Note Whole Foods Market (WFM) FY17 Buyside Expectations are Below the Street

November 1, 2016 10:10 AM EDT

Oppenheimer analyst Rupesh Parikh reiterated his Outperform rating and $35 price target on Whole Foods Market (NASDAQ: WFM) ahead of results tomorrow (11/2). Parikh commented on underlying expectations for FY17 guidance.

Parikh commented, "Following our preview last week on WFM, we have been getting... More