Piper Jaffray Remains Sidelined on Whole Foods Market (WFM) as Traffic Continues to Decline

RBC Capital Reiterates Outperform on Whole Foods Market (WFM) Following 3Q

July 28, 2016 8:00 AM EDT

RBC Capital reiterated an Outperform rating and $37.00 price target on Whole Foods Market (NASDAQ: WFM) following the company's 3Q earnings report. Whole Foods reported an in-line adjusted EPS of $0.37 on $3.70bn of revenue, compared with consensus estimates of $0.37 and $3.72bn.

Analyst William Kirk commented,... More

After-Hours Stock Movers 07/27: (PCMI) (GRPN) (CRUS) (FB) Higher; (INFN) (ARGS) (RCII) Lower (more...)

July 27, 2016 6:33 PM EDT

Today's After-Hours Movers

Infinera (NASDAQ: INFN) 28.9% LOWER; reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $258.8 million versus the consensus estimate of $255.83 million. "While I am very pleased with our second quarter and year to date financial results, demand is softening in certain areas of our business and we face a difficult near-term revenue outlook,"

Ocwen Financial (NYSE: OCN) 27% HIGHER; reported Q2 EPS of ($0.71), versus the analyst... More

Whole Foods Market (WFM) Reports In-Line Q3 EPS; Guides Q4 EPS Below Views

July 27, 2016 4:20 PM EDT

Whole Foods Market (NASDAQ: WFM) reported Q3 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.73 billion.

Comparable store sales decreased 2.6%.

GUIDANCE:

Whole Foods Market sees Q4... More

Whole Foods (WFM) volatility elevated into Q2 and outlook

July 27, 2016 3:09 PM EDT

Whole Foods Market (NASDAQ: WFM) July weekly call option implied volatility is at 106, August is at 38, September is at 29; compared its 52-week range of 23 to 55 into the expected release of Q2 results today after the market close.

... More

Trading Radar for 7/27: Facebook (FB), Boeing (BA), Comcast (CMCSA), General Dynamics (GD), Modelez (MDLZ) Report

July 26, 2016 2:56 PM EDT

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

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.0%)Durable Orders: ex-transportation - Street sees 0.2%

Earnings:

Altria Group (NYSE: MO) - consensus EPS $0.80
Angie's List (Nasdaq: ANGI) - consensus loss $0.06
Anthem (NYSE: ANTM) - consensus EPS $3.23
Ballard Power (Nasdaq: BLDP) - consensus loss $0.04
Boeing (NYSE:... More

Notable Analyst Rating Changes 7/26: (SBUX) (S) (MJN) Upgraded; (WFM) (DRI) (CYOU) Downgraded

July 26, 2016 10:15 AM EDT

UPGRADES
Goldman Sachs upgrades Starbucks (Nasdaq: SBUX) from Buy to Conviction Buy with a price target of $69.... More

UPDATE: Goldman Sachs Cuts Ratingon Whole Foods Market (WFM) to 'Sell'

July 26, 2016 6:50 AM EDT

(Updated - July 26, 2016 9:41 AM EDT)

Goldman Sachs downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Sell with a price target of $31,implying 10% downside. Analyst Stephen Tanal thinks Whole Foods will grow stores, but not earnings.

"WFM is experiencing a competitive barrage, losing share in its core natural and organic business to a variety of players including... More