Baird Remains Sidelined on Wayfair (W) Following 1Q Revenue Beat

Higher health stocks and falling oil leave S&P 500 flat

May 9, 2016 9:07 AM EDT

By Noel Randewich

(Reuters) - Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.

Five of 10 S&P sectors ended higher, led by the health sector's 1.13 percent increase, while energy and materials sectors both tumbled 1.25 percent.

Allergan (NYSE: AGN) surged 5.98 percent. Teva Pharmaceutical Industries Ltd (NYSE: TEVA) (NYSE: TEVA) said it still expected its $40.5 billion acquisition of Allergan's generic drug business to close in... More

Wayfair (W) Misses Q1 EPS by 3c, Revenue Beats

May 9, 2016 7:08 AM EDT

Wayfair (NYSE: W) reported Q1 EPS of ($0.36), $0.03 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $747.3 million versus the consensus estimate of $694.85 million.

We are excited to report yet another quarter of exceptional revenue growth as we continue... More

Trading Radar for 5/9: Tyson Foods (TSN), Stratasys (SSYS), Wayfair (W), MBIA (MBI) Report

May 6, 2016 2:45 PM EDT

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

Before Markets Open:
Earnings:

AES Corp (Nasdaq: AES) - consensus EPS $0.20
Alaska Communications Systems (Nasdaq: ALSK) - consensus EPS $0.00
Altisource Residential (Nasdaq: RESI) - consensus loss $0.06
Apricus Biosciences (Nasdaq: APRI) - consensus loss $0.09
Armstrong World (Nasdaq: AWI) - consensus EPS $0.41
BIND Therapeutics (Nasdaq: BIND) - consensus loss... More

Goldman Sachs Highlights Four Concerns for Retail Stocks

May 6, 2016 9:45 AM EDT

In a research note Friday, a team of Goldman Sachs analysts, including Matthew Fassler, highlighted four concerning factors for retail stocks. Concerns include energy, minimum wage hikes, seasonality, and the reversal in the dollar.

"...energy is likely to have a diminishing contribution to consumer discretionary cash flow over the course of the year, turning into a headwind 2017. We model only gradual moderation in discretionary cash flow on an annual basis, but within that forecast expect a drag on consumer spending from essential spending' energy, food, and healthcare beginning in 3Q2016, for the first time since 3Q2014," said... More