UPDATE: President Trump Posts Negative Tweet Against Amazon (AMZN); 'Doing Great Damage to Tax Paying Retailers'

Target (TGT) PT Raised to $67 at BMO Capital on 2Q Beat; '1H Results Point to Successful Strategies to Restore Transaction Growth'

August 18, 2017 9:11 AM EDT

BMO Capital raised its price target on Target (NYSE: TGT) to $67.00 (from $62.00) while maintaining a Market Perform rating, following the company's second quarter earnings report.

Analyst Wayne Hood notes that management delivered second quarter earnings per share and revenues above consensus projections, fueled by growth... More

Foot Locker (FL) Misses Q2 EPS by 28c, Miss on Revenues

August 18, 2017 6:47 AM EDT

Foot Locker (NYSE: FL) reported Q2 EPS of $0.62, $0.28 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.8 billion.

Second quarter comparable-store sales decreased 6.0 percent.

"While we believe our position in the market for premium sneakers remains very strong and our customers... More

Target (TGT) PT Raised to $60 at Stifel Following 2Q

August 17, 2017 7:23 AM EDT

Stifel raised its price target on Target (NYSE: TGT) to $60.00 (from $58.00) while maintaining a Hold rating following the company's 2Q earnings release. Targets results came in above expectations, driven by better than anticipated comparable store sales growth, up 1.3%, better than consensus of... More

Amazon.com (AMZN) Down 1% in Pre-Market Trading Following Negative Tweet from President Trump

August 16, 2017 6:31 AM EDT

Amazon.com (NASDAQ: AMZN) shares fall 1% in pre-market trading following negative tweet (see below):

Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!

Donald J. Trump (@realDonaldTrump) August 16, 2017

... More

UPDATE: SunTrust Robinson Humphrey Starts Amazon.com (AMZN) at Buy

August 15, 2017 4:59 PM EDT

(Updated - August 16, 2017 4:35 AM EDT)

(updated to add analyst comment)

SunTrust Robinson Humphrey initiates coverage on Amazon.com (NASDAQ: AMZN) with a Buy rating and a price target of $1,220.00.

Analyst Youssef Squali says the stock is "fundamentally compelling" and sees sustainable... More

Amazon.com (AMZN) Sets Size of 7-Part Bond Deal at $16B - Bloomberg

August 15, 2017 1:45 PM EDT

Amazon.com (NASDAQ: AMZN) Sets Size of 7-Part Bond Deal at $16B - Bloomberg

... More

Amazon.com (AMZN) Introduces Instant Pickup

August 15, 2017 9:02 AM EDT

Amazon (NASDAQ: AMZN) today introduced Instant Pickup, a free service offering Prime and Prime Student members a curated selection of daily essentials available for pickup in two minutes or less at five of Amazons fully staffed pickup locations in Los Angeles, Atlanta, Berkeley, Calif., Columbus, Ohio, and College Park, Md. Items available with Instant Pickup include snacks, drinks and electronics, as well as some of Amazons most popular devices.

Instant Pickup is another way Amazon is making life more convenient for Prime members, said Ripley MacDonald, Director, Student Programs, Amazon. As shopping behaviors continue... More

Strong U.S. retail sales bolster third quarter growth outlook

August 15, 2017 8:44 AM EDT

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and raised discretionary spending, suggesting the economy continued to gain momentum early in the third quarter.

Retail sales for June and May also were revised higher, which should help to assuage concerns about consumer spending after a slowdown at the start of the year. Tuesday's upbeat report from the Commerce Department likely keeps the Federal Reserve on course to raise interest rates again in December.

"American shoppers flocked to the... More