Amazon.com (AMZN) PT Raised to $1,360 at Nomura/Instinet; 'Mix Shift Allows Gross Margin Funded Moat'

Alibaba goes offline with $2.9 billion stake in China's top grocer

November 19, 2017 9:03 PM EST

(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.)

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd (NYSE: BABA) said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

As part of an alliance with Auchan Retail S.A. [AUCH.UL] and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies... More

Sports retail stocks jump after upbeat earnings

November 17, 2017 8:35 AM EST

(Reuters) - Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc (NYSE: FL), Shoe Carnival Inc (NASDAQ: SCVL) and Hibbett Sports Inc (NASDAQ: HIBB) as the companies sold more premium shoes and cut stocks of low-margin ones.

Shares of the retailers jumped 19-22 percent in premarket trading. Foot Locker was the most actively... More

Investors yank $6.8 billion from high yield bonds, third largest outflows: BAML

November 17, 2017 7:21 AM EST

By Claire Milhench

LONDON (Reuters) - Investors pulled $6.8 billion from high yield bond funds over the past week, their third largest outflows on record, Bank of America Merrill Lynch (BAML) said on Friday, as the sell off in junk debt accelerated.

High yield bonds have returned around 8.6 percent this year, with European junk bonds delivering almost 19 percent, but over the last few weeks investors have been banking gains rather than loading up on more debt.

In the United States, three high yield bond deals were pulled from the... More

Barnes & Noble says investor's plan to take it private not 'bona fide'

November 16, 2017 1:43 PM EST

(Reuters) - Barnes & Noble Inc (NYSE: BKS) said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely.

Sandell Asset Management had proposed to take Barnes & Noble private with the help of current shareholders and $500 million in debt financing in a deal that valued the company at more than $650 million, or over $9 per share, the Wall Street Journal reported earlier, citing people familiar with the matter.

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Netflix (NFLX) Gains in Early Trade Despite Malone's Amazon 'Death Star' Comments

November 16, 2017 10:01 AM EST

Netflix, Inc. (NASDAQ: NFLX) sees early gains with shares up 2.3%. Upside could be related to comments from John Malone in a CNBC interview.

Malone made positive comments on Netflix, saying he expects Netflix CEO Reed Hastings to continue "throwing hail Mary passes... More

Late arrival of iPhone X clouds Best Buy's results

November 16, 2017 7:36 AM EST

By Uday Sampath Kumar

(Reuters) - Best Buy Co Inc (NYSE: BBY) took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts' estimates, as it competes in a brutal U.S. retail market.

The United States' largest electronics chain raised its revenue guidance for the full year and said earnings in the crucial fourth quarter when U.S. consumers spend the most would be $1.89 to $1.99 per share, roughly flat from a year earlier.

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Wal-Mart shares jump on strong U.S. sales growth

November 16, 2017 7:18 AM EST

By Nandita Bose

CHICAGO (Reuters) - Wal-Mart Stores Inc (NYSE: WMT) reported better-than-expected U.S. comparable sales on Thursday, as customers stocked up on food and other supplies ahead of hurricanes and online purchases soared, sending its shares up more than 8.5 percent.

The third quarter marked Wal-Mart's strongest U.S. sales growth since 2009 despite sluggish demand and competition from Amazon.com Inc (NASDAQ: AMZN) that has hurt brick-and-mortar rivals. The retailer has notched more than three straight years of overall comparable sales growth.

"Momentum... More

Amazon's (AMZN) Second Merch Facility Approved, a Positive for Kornit (KRNT) - William Blair

November 16, 2017 6:25 AM EST

William Blair's Kornit Digital Ltd. (NASDAQ: KRNT) analyst Brian Drab highlights that, as he predicted, yesterday the PDEP issued the plan approval for the or Amazon (NASDAQ: AMZN) facility in Norristown, Pennsylvania.

The plan approval is for the installation of 48 digital printers at the new... More

Stocks with Implied Volatility Movement

November 16, 2017 5:13 AM EST

Amazon (NASDAQ: AMZN) implied volatility index decreasing vs. 30D HV

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