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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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March 5, 2015
13:23 EDTAMZNAmazon China opens trial store on Alibaba's Tmall.com
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10:01 EDTAMZNAmazon China restructure could include equity in JD.com, says UBS
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08:26 EDTCRMSalesforce.com taking share, increasing TAM, says Pacific Crest
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07:20 EDTVMWEMC won't address VMware spinoff at upcoming forum, says UBS
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06:15 EDTVMWEMC unlikely to announce VMware spin in near-term, says Citigroup
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March 4, 2015
16:02 EDTNFLXOptions Update; March 4, 2015
iPath S&P 500 VIX Short-Term Futures down 6c to 27.22. Option volume leaders: AAPL TSLA TWTR AA PBR NFLX MNKD FB BMY C according to Track Data.
15:17 EDTNFLXHBO in talks to have Apple TV on board for HBO Now launch, IBT says
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15:14 EDTNFLXTime Warner in talks for Apple to be HBO Now launch partner, CNBC says
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13:57 EDTNFLXNetflix CFO: Consumers, society benefit from strong net neutrality
13:52 EDTNFLXNetflix CFO: Increasingly confident that the Netflix business model works
Says witnessing more brand awareness. Says excited about possibility to cross-pollinate world content. Says seeing more use of online video in market. Says Japan is a great opportunity as there is significant high speed internet penetration. Says Latin America is "poised for development."
13:37 EDTCRMOptions with increasing volume
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13:35 EDTNFLXNetflix drops 1% after CFO says expects domestic growth rate to slow
13:33 EDTNFLXNetflix CFO: Average subscription price will likely increase
13:31 EDTNFLXNetflix CFO: 'Tons of growth' remaining in domestic market
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13:21 EDTNFLXNetflix CFO: Will continue to increase global footprint
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12:11 EDTIBM, RAXIBM announces SoftLayer to offer OpenPOWER-based servers
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09:36 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA AMZN CELG MCD SINA TSLA V TWTR PBR
09:04 EDTAMZNAmazon.com price target raised to $425 from $380 at RW Baird
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08:26 EDTIBMIBM acquires AlchemyAPI, financial terms not disclosed
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07:21 EDTNFLXMorgan Stanley to hold a conference
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06:33 EDTIBMHP, IBM, others could be interested in Novetta, Reuters reports
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March 3, 2015
12:40 EDTCRMMicrosoft cloud metrics may be inaccurate, Business Insider says
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12:01 EDTRAXRackspace management to meet with JMP Securities
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09:35 EDTNFLXActive equity options trading on open
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08:21 EDTNFLXNetflix may enter China alone, export Chinese content, Reuters reports
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07:31 EDTCRMMorgan Stanley to hold a field trip
Midcap Bank Field Trip travels throughout Pasadena, Los Angeles and San Francisco on March 3-4.
07:27 EDTIBM, VMWMorgan Stanley to hold a conference
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March 2, 2015
16:02 EDTNFLX, AMZNOptions Update; March 2, 2015
iPath S&P 500 VIX Short-Term Futures down 91c to 26.70. Option volume leaders: AAPL TSLA TWTR MBI MCD NFLX AMZN GOOG BAC C according to Track Data.
10:00 EDTCRM, IBMOn The Fly: Analyst Downgrade Summary
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09:34 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MNTA CELG TSLA MCD ARUN GILD KO TWTR NFLX
08:38 EDTCRMSalesforce.com downgraded to Hold from Buy at Argus
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08:35 EDTIBMIBM downgraded to Underweight from Neutral at Atlantic Equities
As previously reported, Atlantic Equities downgraded IBM to Underweight from Neutral. The firm said IBM faces long-term structural issues and is unconvinced by management's strategic plan will change the direction. The analyst sees further room for disappointment around consensus expectations of 8% earnings growth in 2016-2017 and lowered its price target to $140 from $150.
08:30 EDTVMWFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
07:41 EDTCRMMorgan Stanley to hold a conference
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07:38 EDTVMWJMP Securities to hold a conference
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06:27 EDTIBMBuffett says IBM cost likely around $170/share
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06:22 EDTIBMIBM downgraded to Underweight from Neutral at Atlantic Equities
06:22 EDTIBMBuffett says IBM interest 'increasing day after day'
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06:19 EDTIBMBuffett says buying more IBM 'because I like it'
Warren Buffett is speaking on CNBC.
March 1, 2015
13:05 EDTIBMBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 27, 2015
16:29 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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16:06 EDTNFLXOptions Update; February 27, 2015
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15:57 EDTVMWEMC decides against spinning off stake in VMware, Reuters reports
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11:26 EDTVMWVMware management to meet with UBS
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09:35 EDTAMZN, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
06:22 EDTAMZNAmazon's Twitch begins broadcasting online poker, WSJ says
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February 26, 2015
16:52 EDTIBM, NFLXOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
16:00 EDTNFLXOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
14:23 EDTNFLXNetflix says FCC decisions are wins for consumers
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13:12 EDTNFLXNetflix volatility at record low, shares near record high on FCC vote
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13:00 EDTNFLXFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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12:39 EDTIBMOn The Fly: Midday Wrap
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11:58 EDTCRMSalesforce hits 52-week high after raising FY16 revenue outlook
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11:46 EDTAMZNAmazon.com hires Jay Carney for corporate affairs position, Politico says
Former White House Press Secretary Jay Carney has accepted the position of SVP for Worldwide Corporate Affairs at Amazon, says Politico. Reference Link
11:15 EDTCRMStocks with call strike movement; AAPL CRM
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10:19 EDTCRMHigh option volume stocks
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10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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09:35 EDTNFLX, CRMActive equity options trading on open
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09:25 EDTCRMOn The Fly: Pre-market Movers
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09:12 EDTIBMIBM shifting $4B into 'strategic initiatives'
The strategic imperatives identified by IBM include Data, Cloud and Engagement.
09:07 EDTIBMIBM backs FY15 EPS view $15.75-$16.50, consensus $16.02
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09:02 EDTIBMIBM sees EPS to grow high single-digits over longer term
IBM sees revenue to grow low single-digits over longer term. See longer term Free Cash Flow realization in the 90%'s. Longer term view given in slides for analyst day meeting.
07:55 EDTCRMSalesforce.com price target raised to $80 from $75 at Credit Suisse
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07:43 EDTCRMSalesforce.com price target raised to $80 from $70 at Canaccord
Canaccord raised its price target on Salesforce.com to $80 from $70 following its Q4 report, citing increased guidance, margin expansion, and an increase in large deal transactions. Canaccord reiterated its Buy rating on Salesforce.com shares.
07:42 EDTCRMSalesforce.com price target raised to $79 from $70 at Stifel
Stifel increased its price target on Salesforce.com after the company reported in-line results but higher than expected billings. The firm thinks the company's margins are continuing to expand and it keeps a Buy rating on the stock.
07:06 EDTCRMSalesforce.com guidance conservative, says Pacific Crest
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07:05 EDTCRMSalesforce.com price target raised to $80 from $70 at Deutsche Bank
Deutsche Bank raised its price target for Salesforce.com shares to $80 after the company posted 37% constant currency billings growth in Q4. It reiterates a Buy rating on the stock.
06:57 EDTIBMIBM volatility low into investor day
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06:38 EDTCRMSalesforce.com price target raised to $78 from $71 at Citigroup
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05:47 EDTVMWAtos and EMC to further strengthen strategic alliance
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February 25, 2015
18:24 EDTCRMOn The Fly: After Hours Movers
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16:09 EDTCRMSalesforce.com FY16 EPS 67c-69c, consensus 69c
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16:07 EDTCRMSalesforce.com sees Q1 EPS 13c-14c, consensus 15c
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16:06 EDTCRMSalesforce.com reports Q4 EPS 14c, consensus 14c
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16:00 EDTAMZNOptions Update; February 25, 2015
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15:12 EDTCRMSalesforce.com technical notes ahead of results
Shares have been trading in a range largely bound between $55 at the low and $65 at the high for the last several months. There is a bullish bias within the range. The two extremes of the range may be helpful for understanding where price could go post-earnings. A move up to and above the high at $65 would mean a potential breakout to the 52-week high and life high at $67. That high was set nearly a year ago to date. A breakout above $67 would set up a run to $70. The $70 area would be the top of the long-term price channel, projected forward in time. If the news is not as bullish as traders appear to expect, a move down to the $55 area would be possible. Support prior to that range low is at $58.92, the 50-day moving average, which could be a downside objective on a less severe disappointment. A breakdown below $55 would see next support at $52.74.
15:05 EDTCRMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
14:52 EDTCRMSalesforce.com February weekly 62 straddle priced for 7.2% movement into Q4
11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
07:27 EDTIBMThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
07:12 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
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06:01 EDTAMZNGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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06:01 EDTAMZNReport: Amazon reduces tablet orders to Compal, Quanta by 30%, DigiTimes says
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February 24, 2015
16:20 EDTVMWVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTVMWJuniper CIO leaving company for same role at VMware, Business Insider says
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10:08 EDTRAXOptions with decreasing implied volatility
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10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
09:56 EDTVMWVMware large DoD contract likely to be delayed, says Nomura
Nomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
February 23, 2015
16:00 EDTAMZNOptions Update; February 23, 2015
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14:24 EDTIBMIBM signs strategic teaming agreement with Tech Mahindra
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11:35 EDTAMZNAmazon picks Benson to head advertising for original TV series, Variety says
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10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
10:17 EDTRAXOptions with decreasing implied volatility
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06:20 EDTCRMSalesforce.com February weekly volatility elevated into Q4 and outlook
Salesforce.com February weekly call option implied volatility is at 76, March is at 35, April is at 33, May is at 30; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results after the market close on February 25.
February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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11:37 EDTIBMIBM volatility low into host investor day
IBM February weekly call option implied volatility is at 17, March is at 15, July is at 17; compared to its 26-week average of 20 according to Track Data, suggesting decreasing movement into a company hosted investor day to be held in New York on February 26.
10:30 EDTRAXOptions with decreasing implied volatility
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09:38 EDTAMZNActive equity options trading on open
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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