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Stock Market & Financial Investment News

News Breaks
January 4, 2013
09:55 EDTACN, ACN, ACN, CTSH, CTSH, CTSH, IBM, IBM, IBM, HPQ, HPQ, HPQ, WIT, WIT, WIT, INFY, INFY, INFYBofA/Merrill's IT services analysts hold an analyst/industry conference call
India Computer Services Analyst Ghosh, U.S. Business & Professional Services Analyst Gubins and European Software & IT Services Analyst Sriraman discuss their recently published IT services investment handbook which includes discussions on Accenture, Cognizant, IBM, HP Services, Wipro, and Infosys on an Analyst/Industry conference call to be held on January 7 at 10 am.
News For ACN;CTSH;IBM;HPQ;WIT;INFY From The Last 14 Days
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October 9, 2014
16:59 EDTHPQJefferies initiates IT Hardware space, names Western Digital top pick
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16:22 EDTIBMIBM initiated with an Underperform at Jefferies
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16:21 EDTHPQHP initiated with a Hold at Jefferies
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14:56 EDTINFYInfosys technical comments ahead of earnings
The shares have outperformed in the past three months, with a decidedly bullish trend. At the current price of $59.45 the stock is not terribly far from its 52-week high at $63.20. This would likely be a level to be tested on better than expected results. If the news is sufficiently positive, it could lead to an additional breakout above the high with resistance at $65.04. If the news disappoints significantly, there is only a moderate percentage of the float short so there would be less buy-to-cover benefit. Over the past three years the $60 area has been tough resistance and disappointing results have lead to significant drops from that level. On an increasing band of negative surprises, support below would be at $57, $55.17, and $51.43 on an extreme move. The 52-week low is at $50.06.
14:09 EDTINFYInfosys October 60 straddle priced for 6.1% move into Q2
11:13 EDTHPQHP management to meet with Oppenheimer
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08:53 EDTHPQAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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07:34 EDTHPQHP has room to grow, gave conservative guidance, says Brean Capital
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06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:52 EDTHPQTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
October 8, 2014
16:56 EDTHPQGartner says worldwide PC shipments in Q3 declined 0.5%
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11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
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09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
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07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
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07:13 EDTACNAccenture disclosures should lessen cannibalization fears, says RBC Capital
After attending Accenture's Analyst Day, RBC Capital believes the company's discussion about the size of its legacy ERP business and digital and cloud practices should cause investors' concerns about cannibalization to slowly decline. The firm keeps an $87 price target and Outperform rating on Accenture.
06:13 EDTHPQNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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