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Stock Market & Financial Investment News

News Breaks
May 4, 2012
12:46 EDTROVI, MSFT, BODY, LF, WRC, DLB, CF, SWN, CFN, LNKD, AIGOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following the disappointing non-farm payrolls report. Stock futures weakened after the worse than expected data, leading to a sharply lower open for the broader market. Earlier in the week the averages had hit fresh recovery highs on positive ISM data but investor’s confidence was clearly shaken by the weak employment numbers. The Nasdaq continues to be the weakest index, down more than 2% for the session... ECONOMIC EVENTS: In the U.S., employers added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force. The Labor Department said 115,000 jobs were added, the smallest gain in six months, missing analysts' calls 160,000 additions. The unemployment rate, however, fell to 8.1%... COMPANY NEWS: Insurer American International Group (AIG) reported earnings that beat estimates but its stock slid almost 4% during today's session after rising fairly steadily during the past week. Among other companies reporting earnings, advancers included LinkedIn (LNKD) and CareFusion (CFN); decliners included Southwestern Energy (SWN), Warnaco (WRC) and CF Industries (CF)... MAJOR MOVERS: Among the notable gainers were Dolby Labs (DLB), up 19%, after its earnings beat consensus and it announced a new partnership with Microsoft (MSFT), and LeapFrog (LF), up 15%, after its quarterly losses were not as steep as expected and its guidance exceeded expectations. Noteworthy losers included Body Central (BODY), down 44%, after downgrades from at least three firms following its results and guidance, and Rovi (ROVI), down over 6%, after reporting in line earnings and backing its full year guidance but also announcing the departure of its CFO... INDICES: Near 12:40 pm ET, the Dow was down 179.10, or 1.36%, to 13,027.49; the Nasdaq was down 63.09, or 2.09%, to 2,961.21; and the S&P 500 was down 22.85, or 1.64%, to 1,368.72.
News For AIG;LNKD;CFN;SWN;WRC;CF;DLB;MSFT;LF;BODY;ROVI From The Last 14 Days
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February 27, 2015
05:55 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 26, 2015
17:16 EDTSWNSouthwestern Energy lowers FY15 CapEx view to approximately $2B from $2.6B
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17:14 EDTSWNSouthwestern Energy reports Q4 adjusted EPS 52c, consensus 50c
Reports Q4 revenue $962M, consensus $949.12M.
15:30 EDTSWNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
14:48 EDTSWNSouthwestern Energy volatility elevated into Q4 and outlook
Southwestern Energy March call option implied volatility is at 42, April is at 38, June is at 37; compared to its 26-week average of 36 according to Track Data, suggesting slightly larger price movement into the expected release of Q4 results on February 27.
14:02 EDTMSFTMicrosoft shutting down two factories in China, Want China Times reports
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10:00 EDTLNKDOn The Fly: Analyst Initiation Summary
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09:35 EDTLNKDActive equity options trading on open
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06:27 EDTMSFTMicrosoft increases orders to China makers, DigiTimes reports
Microsoft is increasing orders to China makers and away from Taiwan makers, reports DigiTimes. Microsoft has become increasingly concerned over costs and is adjusting its supply chain to receive components at more competitive pricing that previously received from Taiwan makers. Reference Link
06:14 EDTLNKDLinkedIn implied volatility of 29 at lower end of index mean range
06:13 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 25, 2015
16:19 EDTLNKDLinkedIn initiated with an Overweight at Morgan Stanley
Target $310.
16:17 EDTROVIRovi files to sell $300M in convertible senior notes due 2020
10:34 EDTMSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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05:54 EDTMSFTStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
10:00 EDTROVIOn The Fly: Analyst Upgrade Summary
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08:47 EDTROVIRovi upgraded to Outperform from Market Perform at Barrington
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February 23, 2015
08:20 EDTCFCF Industries price target raised to $368 from $345 at Susquehanna
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February 20, 2015
09:47 EDTLNKDLinkedIn management to meet with Pacific Crest
Meetings to be held in the Midwest February 26-27 hosted by Pacific Crest.
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