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Stock Market & Financial Investment News

News For AMZN;NFLX;IBM;CRM;RAX;VMW From The Last 14 Days
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May 22, 2015
13:04 EDTCRMMicrosoft, Salesforce ended talks in early May, CNBC's Faber reports
13:04 EDTCRMSalesforce wanted as much as $70B from Microsoft, CNBC reports
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13:03 EDTCRMMicrosoft, Salesforce no longer talking about a merger, CNBC reports
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13:03 EDTCRMMicrosoft offered $55B for Salesforce, CNBC's Faber reports
13:02 EDTCRMMicrosoft, Salesforce held significant talks, CNBC's Faber reports
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10:09 EDTCRMOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT BLUE OCR ADRX CRM TTWO YOKU CSC AEO WSM
09:34 EDTAMZNActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
07:36 EDTNFLXNetflix price target raised to $700 at RBC Capital following customer surveys
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May 21, 2015
16:00 EDTAMZNOptions Update; May 21, 2015
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15:10 EDTIBMEarnings Watch: HP buys Aruba, forms Chinese joint venture with split nearing
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14:54 EDTNFLXCiti ups Netflix target on international potential as company eyes China
Citigroup raised its price target for Netflix (NFLX) to $722 and maintained a Buy rating on the stock, citing the company's underappreciated international expansion and declining churn trends. WHAT'S NEW: In a research note, Citigroup analyst Mark May raised his price target on Netflix to $722 from $584, saying that despite the stock's 31% jump since reporting first quarter earnings on April 15, Netflix shares still have room to advance as the company extends its service globally. May believes the U.S. only accounts for 18% of Netflix's total addressable market based on broadband household metrics. Additionally, he thinks subscribership should trend positively as original content grows and churn declines, resulting in a potential 20% U.S. streaming revenue growth in 2016. The firm stated that Netflix's financial model should generate similar operating profits from "most" of the markets it chooses to enter, and that non-English speaking Netflix markets are being significantly undervalued when taking into account their size. Based on Citi's analysis, Japan, Australia, and New Zealand have a $25 implied enterprise value per broadband household, which, at roughly 10% of the U.S. metric, implies "very conservative" assumptions. Citi highlighted that Netflix's current stock price does not account for any additional value from further international launches, which could include Spain, Italy, Portugal, China, Russia, and India. The firm also remains optimistic on subscriber numbers for coming quarters, saying both churn and content offerings are improving at the company. WHAT'S NOTABLE: On May 14, Bloomberg reported that Netflix has held talks with several Chinese media companies, including Wasu Media, backed by Alibaba (BABA) chairman Jack Ma. In response to the report, a Netflix spokesperson remarked that the company plans to be "nearly global" by the end of 2016. PRICE ACTION: Netflix is trading near flat on the day to $622.47.
14:06 EDTCRMSalesforce appears unlikely to sell, WSJ says
Salesforce "likely doesn't feel pressure to sell" and the chance of a deal looks "questionable," reports The Wall Street Journal. The Journal believes that the firm's premium multiple and recent rumor downplaying from CEO Mark Benioff make a sale unlikely. Reference Link
13:19 EDTAMZNAmazon.com breaks above short-term bearish price channel, levels to watch
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10:12 EDTCRMOptions with decreasing implied volatility
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09:58 EDTCRMOn The Fly: Analyst Upgrade Summary
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09:36 EDTNFLX, AMZN, CRMActive equity options trading on open
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09:28 EDTCRMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... salesforce.com (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
09:15 EDTCRMSalesforce upgraded to Buy from Hold at Argus
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09:03 EDTCRMOptions expected to be active
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09:01 EDTCRMWorkday Veeva have positive read throughs from Salesforce, says Pacific Crest
After Salesforce (CRM) reported stronger than expected Q1 results, Pacific Crest says Salesforce's strength in enterprises make it more confident in Workday (WDAY) and Veeva (VEEV). The firm says that its checks for both Workday and Veeva are positive. It notes that both companies are due to report their results next week and recommends buying theit shares.
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