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Stock Market & Financial Investment News

News Breaks
October 25, 2013
12:48 EDTEMN, ZNGA, MSFT, DECK, CECO, AMZN, CTCT, PGOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday after the tech-heavy Nasdaq index, which had been the leader in the morning hours, gave up nearly all of its early gains. The strength in the tech sector was largely attributable to advances by two of the titans in the space, Amazon.com (AMZN) and Microsoft (MSFT), following their earnings reports. 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 shares rallied about 9% 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. Another tech giant, Microsoft, beat expectations on both the top and the bottom line and its stock advanced over 5%... Procter & Gamble (PG) reported earnings per share that matched expectations and backed its full-year outlook, though its shares slid nearly 1% after its report. MAJOR MOVERS: Among the notable gainers was Career Education (CECO), which was up more than 50% near midday after the company last night announced a deal to sell its European education properties for $305M. Also higher was mobile game maker Zynga (ZNGA), which gained 11% after reporting a narrower-than-expected third quarter loss. Also higher following their quarterly reports were Constant Contact (CTCT), which rose over 18%, and Ugg-maker Deckers Outdoor (DECK), which advanced more than 19% near midday. Among the noteworthy losers was Eastman Chemical (EMN), which fell over 6% after cutting its FY13 EPS outlook and being downgraded to Neutral from Conviction Buy at Goldman. INDEXES: Near midday, the Dow was up 26.02, or 0.17%, to 15,535.23; the Nasdaq was up 6.86, or 0.17%, to 3,935.82; and the S&P 500 was up 2.72, or 0.16%, to 1,754.79.
News For AMZN;MSFT;PG;CECO;ZNGA;CTCT;DECK;EMN From The Last 14 Days
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July 14, 2015
09:35 EDTMSFT, AMZNActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:11 EDTPGEstee Lauder could benefit in dealmaking while Coty busy, Bloomberg says
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08:00 EDTAMZNAmazon, GoPro advance after analysts up ratings to buy
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07:56 EDTZNGAZynga initiated with an Equal Weight at Morgan Stanley
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07:46 EDTAMZNAmazon.com July weekly volatility elevated into Q2 and outlook
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07:20 EDTAMZNAmazon.Q2, Q3 operating income can beat expectations, says Wells Fargo
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05:54 EDTAMZNAmazon.com upgraded to Buy from Neutral at UBS
UBS analyst Eric Sheridan upgraded Amazon.com to Buy from Neutral citing the growth of the company's Prime subscriber base. In a research note titled "Completing The Checkout," Sheridan says the "fast growing and higher spending" Prime subscriber base has raised the significance of Prime eligible items, driving greater penetration of the Fulfillment by Amazon business. This will result in increased annual spend per customer and ultimately higher levels of gross merchandise value for Amazon, the analyst writes. He raised his price target for the online retailing giant to $550 from $450. Amazon shares closed Monday up $12.06 to 455.57.
05:53 EDTMSFTMicrosoft likely to revamp and focus on flagship smartphones, DigiTimes says
Microsoft will likely revamp its strategy for smartphones by focusing on high-end and business-use models, reports DigiTimes. According to sources at Taiwan's handset supply chain, the company's new roadmap is expected to call for the launch of 1-2 models for its high-end business and mid-range to entry-level family lineups. The company and most industry insiders are wondering whether the new Windows 10 OS will help ramp up significantly the share of Windows Phone-based smartphones in the global market. Reference Link
July 13, 2015
17:56 EDTMSFTMicrosoft delays launch of Surface Hub
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17:11 EDTAMZNAmazon Web Services announces largest renewable energy project to date
Amazon Web Services, an Amazon.com company, announced that it has contracted with Iberdrola Renewables, LLC to construct and operate a 208 megawatt wind farm in Perquimans and Pasquotank counties, North Carolina, called the Amazon Wind Farm US East. This new wind farm is expected to start generating approximately 670,000 megawatt hours of wind energy annually starting December 2016, or enough to power more than 61,000 US homes in a year. When completed, it will be the first utility-scale wind farm in the state of North Carolina, with the energy generated delivered into the electrical grid that supplies both current and future AWS Cloud data centers.
16:54 EDTAMZNWal-Mart e-commerce chief announces 'awesome deals' without 'admission fees'
In a Wal-Mart (WMT) blog post published Monday, Walmart.com president and CEO Fernando Madeira wrote that the company is "kicking off some awesome deals this week that will be available for everybody with no hidden costs or admission fees, and they won’t be available for just one day. Our customers will see thousands of great deals on Rollback beginning this week along with some special atomic deals... In addition, we’re rolling back our free shipping minimum order to $35 from $50." Note that Amazon's (AMZN) "Prime Day" shopping holiday is set to take place on July 15, though consumers will need a Prime membership to gain access to those deals. Reference Link
16:00 EDTAMZNOptions Update; July 13, 2015
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15:35 EDTMSFTHP introduces devices, solutions, services to complement Windows 10
HP (HPQ) unveiled a set of offerings, including devices, solutions and services, that it said complement Microsoft's (MSFT) upcoming Windows 10 OS. HP devices available with Windows 10 include the BANG & OLUFSEN limited edition of the HP EliteBook Folio 1020 and the recently announced HP Pro Tablet 608. The BANG & OLUFSEN limited edition of the HP EliteBook Folio 1020 is expected to be available in the fall and pricing for the product will be set closer to its availability date, HP said. HP Pro Tablet 608 is expected to be available in August, starting at $429. For SMB customers, HP is offering HP Subscription -- a new way for customers to access the latest PC technology for a monthly fee. For large corporate and enterprise organizations, HP will offer a full suite of services, including client configuration and deployment services, to help customers migrate and transform to Windows 10, the company added.
12:01 EDTMSFTRackspace agreement with Microsoft a positive, says Wells Fargo
Wells Fargo views Rackspace's (RAX) agreement to support Microsoft's (MSFT) Azure cloud service as a positive for shares. While Wells expect minimal revenue contribution from the partnership in 2015, it thinks the pact expands Rackspace's addressable market. The agreement should also help should Rackspace improve capital returns, Wells tells investors in a research note. It keeps an Outperform rating on the stock.
11:35 EDTMSFTRackspace enters pact with Microsoft to support Azure cloud services
Rackspace (RAX) announced that it has expanded its service offering for its Microsoft (MSFT) product portfolio with "Fanatical Support for Microsoft Azure." Rackspace will work with customers to understand their requirements and create solutions that incorporate and maximize the latest Azure technologies, the company said. Customers can purchase Azure infrastructure and support as a bundle from Rackspace, whose experts can help them with architectural and on-boarding guidance. Customers who already use Azure infrastructure and want support and management expertise can get Rackspace managed services for their infrastructure as a separate cost based on their infrastructure spend. At launch, the offering will be generally available for U.S. based customers and will expand to International customers through early 2016, Rackspace said.
11:29 EDTMSFTMicrosoft announces Cortana Analytics Suite at Worldwide Partner Conference
Phil Sorgen, Microsoft's Corporate VP, Worldwide Partner Channel, commented in a blog post that "At our Worldwide Partner Conference today we showcased new technology innovations that demonstrate our ambition to reinvent productivity and business processes, build the intelligent cloud and create more personal computing. As part of the company’s ambition to reinvent productivity and business processes, Microsoft CEO Satya Nadella introduced Project GigJam, an unprecedented new way for people to accomplish their business tasks and transform business processes by breaking down the barriers between devices, apps and people. We also announced the Cortana Analytics Suite, a fully managed and comprehensive set of services to help businesses transform data into intelligent action. The third area of innovation we showcased was around commercial momentum in response to HoloLens – the world’s first fully untethered holographic computing device powered by Windows 10. We are expanding the Cloud Solution Provider program to help partners continue to build and grow profitable cloud services businesses using Microsoft Cloud. Beginning today, Microsoft will expand CSP to additional markets, bringing the total number of markets in which CSP is available to 131. e’ll share that we are introducing a new premium Office 365 enterprise suite called E5 before the end of this year. E5 will encompass the core value of Office 365 productivity and collaboration capabilities, as well as significant new innovations, including newSkype for Business services such as Cloud PBX and Meeting Broadcast; Power BI & analytics features, like Power BI Pro and Delve Organizational Analytics; and new advanced security features, such as eDiscovery, Customer Lockbox, and Advanced Threat Protection." Reference Link
10:32 EDTMSFTStarbucks teams with companies to hire 100,000 young workers by 2018, WSJ says
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08:51 EDTMSFTWindows 10 won't come pre-installed on PCs upon release, Bloomberg reports
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07:33 EDTAMZNWal-Mart sale to rival Amazon's Prime Day, USA Today reports
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05:49 EDTMSFTUpstream supply chain expects weak PC performance in 2H15, DigiTimes reports
The upstream supply chain expects weak PC performance in the second half of 2015, reports DigiTimes. According to sources, orders are expected to stay weak in Q3 after it originally expected a bottoming out in Q2. Reference Link
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