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Stock Market & Financial Investment News

News For ACN;CTSH;IBM;HPQ;WIT;INFY From The Last 14 Days
Check below for free stories on ACN;CTSH;IBM;HPQ;WIT;INFY the last two weeks.
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July 17, 2014
17:08 EDTIBMIBM reports Q2 revenue from Growth Markets down 7%, down 4% ex-currency
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16:55 EDTIBMIBM expects at least $20.00 in operating EPS in 2015, consensus $19.78
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16:47 EDTIBMIBM expects revenue growth to accelerate in 2H14
Comment from company's Q2 earnings conference call.
16:14 EDTIBMIBM CEO says 'performed well in strategic imperatives' in Q2
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16:13 EDTIBMIBM reports Q2 revenue from Systems and Technology segment totaled $3.3B
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16:13 EDTHPQHP appoints Whitman Chairman, Alcoa's Kleinfeld joins board
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16:12 EDTIBMIBM reports Q2 revenue from Software Segment $6.5B, up 1%
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16:12 EDTIBMIBM reports Q2 Global Services segment revenue down 1% to $13.9B
Global Technology Services segment revenues decreased 1% to $9.4B. Adjusting for the impact of the divested customer care outsourcing business, revenues were up 2%. Global Business Services segment revenues were down 2% to $4.5B.
16:09 EDTIBMIBM reports Q2 services backlog $136B, down 1%
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16:09 EDTIBMIBM continues to see FY14 adjusted EPS at least $18.00, consensus $17.87
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16:08 EDTIBMIBM reports Q2 adjusted EPS $4.32, consensus $4.29
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15:26 EDTIBMNotable companies reporting after market close
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15:05 EDTIBMEarnings Preview: IBM reports after Apple deal, dividend hike
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13:58 EDTIBMIBM July 195 straddle priced for 3.3% move into Q2
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12:07 EDTIBMIBM technical comments ahead of earnings
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11:12 EDTINFYOptions with decreasing implied volatility
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07:38 EDTIBMPratt & Whitney announce partnership with IBM
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07:27 EDTIBMFCC to hold a meeting
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06:28 EDTHPQHP increasing fire-safety audits in China, WSJ reports
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July 16, 2014
16:24 EDTIBMOn The Fly: Closing Wrap
Stocks on Wall Street started the trading day higher, thanks in part to solid earnings reports from some of the nationís largest companies as well as a proposed mega-merger in the entertainment industry. Investors preparing for the next round of earnings after the close, which includes reports from eBay (EBAY), Yum! Brands (YUM), and Las Vegas Sands (LVS), did so with the Dow at a new all-time high. ECONOMIC EVENTS: In the U.S., the Producer Price Index for June rose 0.4%, which was ahead of expectations for a 0.2% increase. Industrial production grew 0.2% in June, missing the forecast for 0.3% growth. The NAHB homebuilder confidence index rose to 53 in July, ahead of expectations for it to tick up 1 point to 50. Economic activity expanded in all regions of the country at a moderate to modest pace in recent weeks, the Fed reported today in its Beige Book. Consumer spending rose in every region, as retail sales grew modestly in most areas and vehicle sales were stronger than sales of most other products, the central bank reported. COMPANY NEWS: Shares of HBO and Warner Bros. parent Time Warner (TWX) surged $12.12, or 17.07%, to $83.13 after it was reported by CNBC and DealBook's Andrew Ross Sorkin that the company had received, and rejected, a takeover offer worth about $80B, or $85 per share, from Rupert Murdoch's Twenty-First Century Fox (FOXA). Both Time Warner and Fox subsequently confirmed the report, with Time Warner stating that it rejected the bid since it was "not in the best interests of stockholders" and Fox noting that the companies are not currently in discussions. Afterward, research firm Jefferies said it believes 21st Century Fox could raise its bid for Time Warner into the mid-to-upper $90's per share, but it also thinks that Time Warner would still be unlikely to accept the offer. Meanwhile, FBR Capital said Fox could pay up to $120 for Time Warner and still make an accretive deal. Class A shares of Twenty-First Century Fox ended the day down $2.19, or 6.22%, to $33.00... Shares of Apple (AAPL) initially rose after announcing last night that it would collaborate with IBM (IBM) to provide mobile solutions for businesses. Goldman Sachs analyst Bill Shope wrote in a note to investors that the deal with IBM is clearly positive for Apple, as it validates the "unique enterprise capabilities" of iOS, which has a lack of fragmentation that makes it uniquely suited for organizations. BlackBerry (BBRY), which has a focus on mobile devices for business use, slid $1.33, or 11.77%, to $9.97 after the tech giants announced their new partnership. Apple closed down 54c, or 0.57%, to $94.78, though IBM (IBM), which reports after tomorrow's close, climbed $3.87, or 2.05%, to $192.36. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which advanced $2.94, or 9.27%, to $34.65 after the semiconductor giant's second quarter results beat analysts' consensus estimates. Also higher was Tenet Healthcare (THC), which rallied $3.74, or 8.32%, to $48.71 after after another company in the hospital sector, HCA Holdings (HCA), pre-announced stronger than expected second quarter results. For its part, HCA rose $5.78, or 10.47%, to $60.99 after providing better than expected Q2 guidance and increasing its fiscal year outlook. Among the noteworthy losers was Yahoo (YHOO), which fell $1.82, or 5.11%, to $33.79 after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. Also lower were shares of Ross Stores (ROST), which fell $3.12, or 4.78%, to $62.15 after Sterne Agee downgraded its stock to Neutral from Buy and cut its price target for shares to $68 from $81, citing negative traffic trends and low visibility. INDEXES: The Dow rose 77.52, or 0.45%, to 17,138.20, the Nasdaq gained 9.58, or 0.22%, to 4,425.97, and the S&P 500 advanced 8.29, or 0.42%, to 1,981.57.
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