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Stock Market & Financial Investment News

News Breaks
October 25, 2013
17:08 EDTCECO, NQ, MSFT, ZNGA, AMZN, EMNOn The Fly: Closing Wrap
Stocks on Wall Street were higher, but closed off their best levels, after a session that saw the Nasdaq rally early following strong earnings reports from Amazon (AMZN) and Microsoft (MSFT), though the averages later consolidated their gains to trade in a narrow range for much of the session and close with modest gains. ECONOMIC EVENTS: In the U.S., durable goods orders climbed 3.7% in September, stronger than the expected 2.5% increase. Durable goods orders excluding transportation orders were down 0.1%, versus expectations for them to be up 0.5% in the month. The final University of Michigan consumer confidence reading for October was 73.2, versus an expected 75.0 reading. Wholesale trade inventories grew 0.5% in August, versus expectations for a rise of 0.4% for the month. COMPANY NEWS: Amazon gained $31.18, or 9.39%, to $363.39 after the company reported third quarter losses that were in-line with forecasts and revenue that beat analysts' consensus expectation. Following its report at least eight firms raised their price targets on Amazon's shares and Raymond James upgraded the stock to Strong Buy... Microsoft reported earnings beat expectations on both the top and the bottom line, and the PC giant saw its shares gain $2.01, or 5.96%, to $35.73. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), up $2.18, or 57.37%, to $5.98 after last night announcing a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), up 18c, or 5.52%, to $3.73 after reporting a narrower-than-expected third quarter loss. Among the noteworthy losers were U.S.-listed shares of NQ Mobile (NQ), down $1.46, or 12.08%, to $10.63 after the shares, which were halted for much of the session, re-opened for trade following a conference call held by management to address a negative research report released yesterday by noted short seller Muddy Waters. Shares of NQ Mobile fell $12.48, or 54.55% yesterday before being halted for the session. Also lower was Eastman Chemical (EMN), down $4.24, or 5.16%, to $77.94 after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: The Dow was up 61.07, or 0.39%, to 15,570.28; the S&P 500 was up 7.70, or 0.44%, to 1,759.77; the Nasdaq was up 14.40, or 0.37%, to 3,943.36.
News For AMZN;MSFT;CECO;ZNGA;NQ;EMN From The Last 14 Days
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March 18, 2015
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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March 17, 2015
14:55 EDTAMZNVMware to face more competitive process for DOD contract, says Stifel
After government websites indicated that Citrix (CTXS), Amazon (AMZN) and others succeeded in getting the DoD to reconsider its awarding of a $1.6B, five-year contract to VMware (VMW), Stifel said it doesn't think VMware has necessarily lost the opportunity, but that the company will now likely face a more competitive bidding process to win the deal. The firm view this example as supporting its concerns that VMware's steps to become a more strategic vendor have the potential to be as much of a threat as an opportunity and Stifel maintains its Hold rating on the stock.
14:43 EDTAMZNVMware award from DISA canceled after protest, siliconANGLE reports
On March 12, the Defense Information Security Agency, or DISA, reversed a decision to award VMware (VMW) with a $1.6B contract following protests by Amazon Web Services (AMZN), Citrix Systems (CTXS), and others, reported siliconANGLE. A government posting noted that "Amendment 0002 is issued to cancel the request for proposal to further analyze the government's needs." Reference Link
11:36 EDTMSFTGoPro Channel app tops 1M downloads on Xbox platform
GoPro (GPRO) announced that The GoPro Channel app has been downloaded over 1M times on the Xbox video game and entertainment system from Microsoft (MSFT). Additionally, users are watching an average of 25 minutes of GoPro videos during each viewing session. The GoPro Channel allows Xbox members worldwide to stream GoPro content on-demand, share favorite videos, and purchase cameras and accessories directly through the console.
11:23 EDTAMZNApple willing to share TV data to attract programming partners, NY Post reports
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09:13 EDTMSFTMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
09:07 EDTAMZN, MSFTDISH's Sling TV launches on Xbox One
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09:05 EDTMSFTMicrosoft exec confirms plans to drop IE brand for new browser, The Verge says
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09:05 EDTMSFT, AMZNMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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09:03 EDTMSFTElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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07:42 EDTAMZNBoeing may produce satellite for tech giants, Reuters says
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07:12 EDTMSFTDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
16:00 EDTAMZNOptions Update; March 16, 2015
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11:58 EDTEMNDuPont retreats after Bank of America two notch downgrade to sell
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10:44 EDTAMZNNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:02 EDTEMNOn The Fly: Analyst Downgrade Summary
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09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
06:45 EDTEMN, EMNEastman Chemical downgraded to Underperform from Outperform at CLSA
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