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Stock Market & Financial Investment News

News Breaks
January 23, 2014
10:01 EDTPNFP, RMBS, NSC, DDS, MSCC, VAR, PSX, MSFT, AWR, MSI, AEM, TSS, ORCL, LNCO, WDC, COL, GD, CNQR, FFIV, ATI, EXLS, AMAGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Hold from Underperform at Jefferies... Allegheny Technologies (ATI) upgraded to Outperform from Neutral at Credit Suisse... Concur (CNQR) upgraded to Buy from Hold at Deutsche Bank... ExlService (EXLS) upgraded to Buy from Neutral at Goldman... F5 Networks (FFIV) upgraded to Buy from Neutral at Janney Capital... General Dynamics (GD) upgraded to Outperform from Perform at Oppenheimer... LinnCo (LNCO) upgraded to Outperform from Neutral at RW Baird... Microsoft (MSFT) upgraded to Buy from Hold at Deutsche Bank... Norfolk Southern (NSC) upgraded to Buy from Neutral at BofA/Merrill... Oracle (ORCL) upgraded to Buy from Hold at Deutsche Bank... Phillips 66 (PSX) upgraded to Outperform from Market Perform at Raymond James... Rambus (RMBS) upgraded to Buy from Neutral at Citigroup... Total System (TSS) upgraded to Neutral from Sell at Goldman... Varian Medical (VAR) upgraded to Buy from Hold at Cantor... Pinnacle Financial (PNFP) upgraded to Outperform from Sector Perform at Portales... Agnico-Eagle (AEM) upgraded to Buy from Neutral at Sterne Agee... Microsemi (MSCC) upgraded to Buy from Hold at Drexel Hamilton... Rockwell Collins (COL) upgraded to Buy from Hold at Deutsche Bank... Motorola Solutions (MSI) upgraded to Buy from Neutral at Nomura... Norfolk Southern (NSC) upgraded at BofA/Merrill... Dillard's (DDS) upgraded to Buy from Neutral at Buckingham... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... American States Water (AWR) upgraded to Buy from Neutral at Janney Capital.
News For AMAG;ATI;CNQR;EXLS;FFIV;GD;LNCO;MSFT;NSC;ORCL;PSX;RMBS;TSS;VAR;PNFP;AEM;MSCC;COL;MSI;DDS;WDC;AWR From The Last 14 Days
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May 14, 2015
19:02 EDTDDSOn The Fly: After Hours Movers
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16:15 EDTDDSDillard's sees FY15 CapEx $160M
16:14 EDTDDSDillard's reports Q1 EPS $2.66, consensus $2.78
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16:00 EDTMSFTOptions Update; May 14, 2015
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15:05 EDTDDSDillard's technical comments before earnings
The stock has been in a classic uptrend for the past five years, with the 50-week moving average serving as a good close-fit proxy for a hand-drawn uptrend line. That line is now one to watch into earnings. Price has recently declined to test it, which is not unexpected ahead of earnings. The key now is whether price bounces from this support or breaks it. If the news is bearish, we can expect a breakdown below the 50-week moving average at $119.81. A breakdown below this moving average would snap a 5-year uptrend, turning the long-term trend to bearish. Support levels to watch in that event would be at $113, $106.11, and the $100 area. The $100 level was important support for the shares in October of last year. If the news is bullish, resistance would be at $131.95, $138.92, and the 52-week high at $144.21. A projection forward of the 5-year price channel would suggest an extreme move to $150 would be possible if news supports it.
13:12 EDTNSCNorfolk Southern names Alan Shaw Chief Marketing Officer
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11:29 EDTNSCNorfolk Southern CEO says 'confident' in company's long-term strengths
Addressing his last annual meeting as Norfolk Southern's CEO, Wick Moorman told shareholders that "we see continuing strength in the overall economy as well as opportunities in many of the markets we serve," and, "We are confident in our company's long-term strengths and prospects for continued success." President Jim Squires becomes CEO June 1, and Moorman will remain as executive chairman of the board. Moorman reviewed company highlights of 2014, which included "earning record income, revenues, and earnings per share while establishing its best-ever operating ratio, a key indicator of operating performance." These accomplishments were especially significant, Moorman said, considering 2014's extreme winter weather and traffic surges that exceeded expectations, which created service challenges. He delivered an upbeat message to customers and stockholders. "We expect to reach the strong velocity and service levels we saw in 2012 and 2013 by the second half of this year," Moorman said. "As we restore our network's velocity and efficiency, we will be able to secure additional business at rates that will drive positive returns for our shareholders."
11:19 EDTMSFTMicrosoft set to test 52-week high, levels to watch
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09:34 EDTMSFTActive equity options trading on open
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09:19 EDTNSCKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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May 13, 2015
16:01 EDTMSFTMicrosoft blog post refrains from using 'Windows Phone' branding
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15:04 EDTMSFTEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
10:46 EDTNSCRail estimates lowered at Wolfe Research
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10:01 EDTMSFTOn The Fly: Analyst Upgrade Summary
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06:07 EDTMSFTMicrosoft upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Microsoft to Buy saying weak PC market sentiment is priced into the stock at current levels while Azure and Office 365 optimism is "just starting" to take hold. The analyst sees more positive than negative catalysts and raised his price target for Microsoft shares to $55 from $44. Shares of the computing giant closed yesterday down 2c to $47.35.
May 12, 2015
10:27 EDTMSFTAppeals court upholds InterDigital loss in patent fight with Microsoft, ZTE
The U.S. Court of Appeals for the Federal Circuit affirmed the final determination of the International Trade Commission finding no violation of Section 337 of the Tariff Act was committed by Microsoft (MSFT) and ZTE related to patents held by InterDigital (IDCC). The patents at issue in the case are directed to cellphone technology, and in particular, code division multiple access networks, according to the appeals court ruling.
10:01 EDTWDCOn The Fly: Analyst Initiation Summary
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08:04 EDTPSXCitigroup to hold a conference
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07:52 EDTAMAGLeerink to hold a tour
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07:05 EDTWDCWestern Digital initiated with a Buy at Benchmark Co.
Target $117.
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