UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures

Macquarie Downgrades Macy's (M) to Neutral

August 12, 2016 7:59 AM EDT

Macquarie downgraded Macy's (NYSE: M) from Outperform to Neutral.

For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.

Shares of Macy's closed at $39.81 yesterday.

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Unusual 11 Mid-Day Movers 8/11: (KURA) (NYMX) (AEMD) Higher; (QHC) (SHLM) (IDN) Lower

August 11, 2016 12:55 PM EDT

Quorum Health Corporation (NYSE: QHC) 51.6% LOWER; reported Q2 results. Net operating revenues for the three months ended June 30, 2016 totaled $529.7 million compared to $538.4 million for the same period in 2015. Net loss attributable to Quorum Health Corporation for the three months ended June 30, 2016 was $(245.1) million, or $(8.63) per share, compared with net income attributable to Quorum Health Corporation of $1.4 million, or $0.05 per share, for the same period in 2015. The net loss attributed to the impairment charge for the three months ended June 30, 2016 was $(216.1) million or $(7.61) per share.

Kura Oncology (Nasdaq:... More

Stifel Keeps Macy's (M) at Hold Following 'Challenging' Q2; EPS, Margins Outpace Expectations

August 11, 2016 9:56 AM EDT

Stifel affirms Macy's (NYSE: M) at Hold following Q2 results and store closing plans, as announced earlier Thursday.

Analyst Richard Jaffe commented today:

Macys to Close 100 Stores The company plans to close 100 Macys full-line stores (out of a portfolio of 728). Most of the stores will close in early 2017, with the balance closing as... More

Pre-Open Stock Movers 08/11: (KURA) (M) (KSS) Higher; (AVGR) (AMRN) (SHAK) Lower (more...)

August 11, 2016 9:31 AM EDT

Today's Pre-Open Stock Movers

Kura Oncology (NASDAQ: KURA) 47.9% HIGHER; In the companys Phase 2 trial of tipifarnib in HRAS mutant solid tumors, positive clinical activity, including objective responses, has been observed in patients with head and neck squamous cell carcinomas and patients with salivary gland cancer. Based on these responses, enrollment will be expanded to an additional seven patients.

Avinger, Inc. (Nasdaq: AVGR) 17%... More

U.S. labor market firming; inflation remains benign

August 11, 2016 8:33 AM EDT

By Lucia Mutikani

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth.

Other data on Thursday showed an unexpected rise in import prices in July as a drop in petroleum prices was offset by gains in the cost of other goods. However, renewed dollar strength is expected to curb underlying inflation in the coming months.

"The data remain consistent with a still-strong trend in employment growth, which means the backdrop for consumer spending remains favorable,"... More

Macy's to close more stores in turnaround push, stock jumps

August 11, 2016 8:20 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Macy's Inc (NYSE: M) said it plans to shutter 100 more stores, representing about 14 percent of its total, as it tries to turn around its business after six quarters of falling sales.

The closures are the latest in a long list of moves to spur growth as department stores such as Macy's continue to battle with online retailers such as Amazon.com Inc (NASDAQ: AMZN) and discount stores like TJX Cos Inc (NYSE: TJX).

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Macy's (M) Tops Q2 EPS by 9c, Comps Fell 2.6%; To Close 100 Stores

August 11, 2016 8:00 AM EDT

(Updated - August 11, 2016 8:01 AM EDT)

Macy's (NYSE: M) reported Q2 EPS of $0.54, $0.09 better than the analyst estimate of $0.45. Revenue for the quarter came in at $5.87 billion versus the consensus estimate of $5.74 billion.

Comparable sales on an owned plus licensed basis... More

Three major indexes end at records for first time since 1999

August 11, 2016 7:32 AM EDT

By Noel Randewich

(Reuters) - All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment.

It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day, according to Bespoke Investment Group.

Crude oil jumped as much as 5 percent on comments from the Saudi oil minister about potential action to stabilize prices and an International Energy Agency... More

Kohl's quarterly profit beats estimates; shares rise

August 11, 2016 7:31 AM EDT

(Reuters) - Kohl's Corp (NYSE: KSS) reported a higher-than-expected quarterly profit, helped by better inventory management and warm weather that boosted sales of summer clothes and accessories.

The department store chain's shares rose 9 percent to $41.50 in premarket trading on Thursday. Shares of rival Macy's Inc (NYSE: M), which also reports quarterly results on Thursday, were up 4.4 percent.

Shares of department store operators, which are struggling with... More

Oil surges 4 percent, helping Wall St. hit record peaks

August 10, 2016 8:43 PM EDT

By Lewis Krauskopf

NEW YORK (Reuters) - Stocks in the United States and Europe raced higher on Thursday helped by encouraging corporate reports and a 4 percent surge in oil prices on comments from the Saudi oil minister and a forecast for a tighter crude market.

Major U.S. stock indexes closed at record highs. U.S. labor data showed a drop in jobless claims, and shares of department store operators Macy's (NYSE: M) and Kohls (NYSE: KSS) soared after their quarterly reports.

The... More

Trading Radar for 8/11: NVIDIA (NVDA), Macy's (M), Himax (HIMX), Nordstrom (JWN), voxeljet (VJET) Report

August 10, 2016 3:09 PM EDT

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

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 266kContinuing Claims - no Street consensusExport Prices ex. ag - no Street consensusImport Prices ex. oil - no Street consensus

Earnings:

AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.11
Akers Biosciences (Nasdaq: AKER) - no Street consensus
Alibaba (Nasdaq: BABA) - consensus EPS $0.63
American DG Energy (Nasdaq:... More

Stocks with call strike movement; M JD

August 10, 2016 10:51 AM EDT

RT Options Scanner shows: Macys (NYSE: M) November 40 call option implied volatility decreased 2% to 42. JD.com (NASDAQ: JD) January 28 call option implied volatility decreased 2% to 37.

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