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Stock Market & Financial Investment News

News For AMZN;NFLX;IBM;CRM;RAX;VMW From The Last 14 Days
Check below for free stories on AMZN;NFLX;IBM;CRM;RAX;VMW the last two weeks.
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April 24, 2014
18:55 EDTAMZNOn The Fly: After Hours Movers
NOTABLE: Amazon (AMZN) reported first quarter earnings that were in-line with expectations on revenues that topped estimates. The company also provided second quarter revenue outlook that was in-line with expectations and shares of the online retailer were roughly flat in after hours trade... Starbucks (SBUX) gained 1.6% after reporting profit that in-line with estimates on revenue that was a bit light. The company reaffirmed its fiscal 2014 revenue outlook and said it expects same-store sales growth for 2014 to be in the mid-single digits... Microsoft (MSFT) gained 2.8% after reporting earnings that beat expectations on revenues that were roughly in-line with estimates. The company added that it sold 1.2M Xbox One units during the quarter and said Windows volume licensing revenue grew 11%. UP AFTER EARNINGS: Baidu (BIDU), up 5.5%... Deckers Outdoor (DECK), up 6.3%... Synaptics (SYNA), up 7.8%. ALSO HIGHER: Clean Harbors (CLH), up 7% after Relational Investors reported a 9% stake in the company, adding that it has been in dialogue with the company's management regarding certain actions the fund believes Clean Harbors can take to enhance shareholder value... Under Armour (UA), up 2.5% after it was announced the company will join the S&P 500 as of the close on April 30. DOWN AFTER EARNINGS: Dow member Visa (V) fell 3.5% despite reporting earnings and revenue that topped estimates. The company said it expects earnings per share growth for its fiscal 2014 in the mid-to-high teens... Pandora (P), down 4% after its second quarter outlook disappointed. The streaming internet radio company did, however, raise its fiscal 2014 profit and sales outlooks... Cliffs Natural (CLF), down 4%.
18:17 EDTNFLXNetflix in deal with Atlantic Broadband for streaming services, WSJ says
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17:52 EDTNFLXComcast calls Netflix argument a 'House of Cards'
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17:37 EDTAMZNAmazon.com says AWS usage has been "very strong"
17:34 EDTAMZNAmazon.com says third party growth continues to be strong
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16:26 EDTAMZNAmazon.com reports Q1 operating margin 0.7% vs. 1.1% last year
16:12 EDTAMZNAmazon.com sees Q2 sales $18.1B-$19.8B, consensus $19.03B
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16:09 EDTAMZNAmazon.com reports Q1 EPS 23c, consensus 23c
Reports Q1 revenue $19.74B, consensus $19.43B.
16:01 EDTAMZNOptions Update; April 24, 2014
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15:56 EDTNFLXNetflix VP of content delivery discusses concerns about Comcast deal in post
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15:26 EDTAMZNNotable companies reporting after market close
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15:20 EDTAMZNEarnings Preview: Microsoft to report for first time with Nadella at helm
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15:15 EDTAMZNAmazon.com April weekly 335 straddle priced for 6.4% move into Q1
14:56 EDTAMZNAmazon.com technical comments ahead of earnings
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13:51 EDTNFLXTiVo turns positive after firm suggests Netflix consider takeover
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13:49 EDTAMZNAmazon testing own delivery network, WSJ says
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13:03 EDTAMZNEarnings Preview: Amazon shares dropped 17.2% since last earnings report
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12:25 EDTNFLXApple shares cheap, Netflix expensive, Barron's reports
While Apple (AAPL) and Netflix (NFLX) both reported better than expected profit this week, Apple's shares look cheap based on strong cash generation. Netflix, on the other hand, had strong growth, but only generated a small cash profit, and therefore looks pricey, according to Barron's. Reference Link
12:05 EDTIBMIBM announces new investments in U.S. federal healthcare practice
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10:36 EDTNFLXOptions with decreasing implied volatility: SRPT CREE ANGI FIO NFLX
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10:26 EDTNFLXAlbert Fried believes a Netflix and Tivo merger makes sense
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10:10 EDTNFLXNetflix falls for a second session, levels to watch
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09:45 EDTNFLXActive equity options trading on open
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09:23 EDTIBMLenovo set to hire IBM senior execuives for server business, DigiTimes reports
Lenovo (LNVGY) has picked up its pace over the acquisition of IBM's (IBM) entry-level server business, reports DigiTimes. According to sources from the upstream supply chain, some of IBM's senior executives are expected to join Lenovo in May and upstream suppliers are currently aggressively competing for related orders. Lenovo is set to have the new business operate independently for first two years before merging the product lines in 3-5 years. Reference Link
08:22 EDTIBMIBM to manage global IT infrastructure for Fiat, Chrysler, CNH Industrial
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08:00 EDTAMZNAmazon.com recent pullback a buying opportunity, says Topeka
Topeka would use the recent pullback in Amazon.com to buy shares given 20% revenue growth, increasing returns on capital, margin expansion and free cash flow growth. The firm expects Thursday's Q1 report to be inline on revenues, outperform on CSOI and gross margins to expand +200bps. Shares are Buy rated with a $450 price target.
07:27 EDTAMZNAmazon.com April weekly volatility increases into Q1 and profit outlook
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07:22 EDTAMZNAmazon asking Prime Pantry customers to pay for some deliveries, Re/code says
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April 23, 2014
18:24 EDTAMZNApple has sold more than 20M Apple TV set-top boxes
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16:57 EDTNFLX, AMZNOn The Fly: Closing Wrap
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15:55 EDTNFLXNew FCC proposal to let ISPs charge for special access, WSJ says
The Federal Communications Commission plans to propose new "net neutrality" rules on Thursday that would block Internet service providers from discriminating against specific websites, but would allow providers to charge content companies for preferential treatment of their traffic, according to The Wall Street Journal, citing a person familiar with the proposal. Netflix (NFLX) CEO Reed Hastings had been outspoken in the past in his opposition of the FCC's previous net neutrality rules. Broadband ISPs include Comcast (CMCSA), Time Warner Cable (TWC), Cablevision (CVC), Verizon (VZ), and AT&T (T). Reference Link
15:37 EDTNFLXFCC to propose to let ISPs charge content companies for special access, DJ says
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15:18 EDTIBMBuffett says bought IBM shares 'this year'
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14:12 EDTIBMIBM launches new servers
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13:35 EDTNFLXNetflix slides after Amazon.com signs content deal with HBO
The shares are down 4.5% to $356 after news earlier today that Amazon.com (AMZN) had signed a content deal with HBO, inlcuding some exclusives. At current price next support is at $350.24. Resistance is at $362.49.
12:57 EDTVMWEMC profit cycle bottomed in Q1, says Cantor
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12:51 EDTNFLX, AMZNOn The Fly: Midday Wrap
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12:36 EDTNFLX, AMZNNetflix slides after Amazon signs content deal with HBO
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12:09 EDTNFLX, AMZNAmazon deal with HBO helps Prime catch up with Netflix, says Cantor
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12:01 EDTVMWVMware sinks after enterprise licenses, outlook may have disappointed
Shares of VMware (VMW), a provider of virtualization infrastructure solutions, are among today's losers despite the company having reported results that beat the consensus forecast. Several analysts contended that the company reaffirming its full-year outlook and reporting lower than expected enterprise license agreements as a percentage of bookings may have disappointed investors. WHAT'S NEW: Last night, VMware reported first quarter earnings per share of 80c and revenue of $1.36B, compared to expectations of 79c and $1.35B, respectively. VMware said Q1 license and total bookings growth was less than 10% compared to the prior year. VMware forecast Q2 revenue of $1.43B-$1.47B, compared to consensus of $1.44B. The company reaffirmed its fiscal 2014 revenue view of $5.94B-$6.1B, versus consensus of $6.03B. It also expects FY14 non-GAAP operating margin of approximately 31%. FY14 license revenue was expected to be $2.55B-$2.63B, up 12%-16% from the prior year. ANALYST REACTION: This morning, research firms Oppenheimer, Pacific Crest, and Raymond James all recommended buying VMware on any weakness. Pacific Crest said lower than expected enterprise license agreements as a percentage of bookings and weaker overall bookings growth disappointed the Street. Another firm, Janney Capital, said it believes investors may be slightly disappointed that VMware reiterated its prior guidance after its Q1 EPS slightly beat expectations. However, the firm believes the stock's valuation offers a good entry point and reiterates its Buy rating on the name. PRICE ACTION: In late morning trading, VMware fell $9.15, or 8.7%, to $96 on heavy trading volume. Despite today's pull back, the stock is up approximately 27% over the past twelve months. ANOTHER TO WATCH: EMC (EMC), which is the majority owner of VMware, reported earnings and revenue that were roughly in-line with expectations and raised its quarterly dividend. However, EMC lowered its 2014 EPS outlook to $1.90 from $1.95, which was below the consensus $1.94 forecast, and its shares were down 3% to $25.94 near noon.
12:00 EDTVMWVMware falls 8.8%
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10:40 EDTNFLXOptions with decreasing implied volatility: SRPT CREE NFLX IRBT SVU
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10:00 EDTVMWVMware falls 9%
VMware is down 9%, or $9.48, to $95.67
09:55 EDTVMWVMware weakness a buying opportunity, says Raymond James
Shares are Strong Buy rated with a $125 price target.
09:48 EDTAMZN, NFLXNetflix drops 3% after HBO, Amazon enter content agreement
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09:36 EDTVMWVMware drops following results, levels to watch
Shares initially traded higher in the extended session following results but have gapped down this morning. At the current price of $95.49, next support is at $93.07 and then at $91.72. Resistance is at $96.69.
09:34 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD NFLX TSLA VZ MU WFM AMGN
09:16 EDTVMWOn The Fly: Pre-market Movers
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09:01 EDTAMZNAmazon, HBO sign multi-year deal to bring HBO programming to Prime members
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09:00 EDTVMWVMware falls 5.4%
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08:27 EDTVMWVMware backing guidance may be slightly disappointing, says Janney Capital
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08:04 EDTVMWVMware should be bought on any weakness, says Pacific Crest
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07:41 EDTVMWVMware should be bought on any weakness, says Oppenheimer
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April 22, 2014
19:09 EDTVMWOn The Fly: After Hours Movers
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17:43 EDTNFLXNetflix expanding to France by year-end, Bloomberg says
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17:40 EDTVMWVMware reaffirms FY14 revenue view $5.94B-$6.1B, consensus $6.03B
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17:32 EDTVMWVMware says Q1 license and total bookings growth of less than 10% YoY
17:29 EDTVMWVMware sees FY14 license revenue $2.55B-$2.63B, up 12%-16% YoY
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17:27 EDTVMWVMware sees Q2 revenue $1.43B-$1.47B, consensus $1.44B
Guidance from Q1 earnings conference call.
17:15 EDTVMWVMware says Q2 off to a solid start, sees Q2 bookings accelerating from Q1
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16:33 EDTNFLXOn The Fly: Closing Wrap
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16:07 EDTVMWVMware trades higher after results, first look
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16:01 EDTVMWVMware reports Q1 EPS 80c, consensus 79c
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15:32 EDTVMWNotable companies reporting after market close
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13:54 EDTAMZNAmazon.com's sales slumped when tax imposed, Bloomberg says
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12:39 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid a number of big deals and a much talked about proposed deal in the pharmaceutical industry, as well as another wave of earnings reports. The market opened quietly but on the positive side of the ledger as investors pored over the multitude of quarterly reports issued after the close last night and earlier today. Near noon the market stood near its session highs and is pointing toward its sixth consecutive positive close. ECONOMIC EVENTS: In the U.S., existing home sales slipped 0.2% to a 4.59M rate in March, versus expectation for them to have fallen 1% to a 4.56M rate. The Richmond Fed manufacturing survey for April had a reading of 7, beating the consensus forecast for a reading of 2. COMPANY NEWS: Valeant Pharmaceuticals (VRX) teamed with Bill Ackman's hedge fund Pershing Square to make a hostile takeover offer for Allergan (AGN), sending shares of both companies higher. Allergan confirmed it received the offer of $48.30 in cash and 0.83 shares of Valeant stock for each of its own shares, which it said it will evaluate with the help of its advisers. Analysts' opinion on the fallout varied, with one firm suggesting Allergan could pursue its own takeover of Shire (SHPG) or Jazz Pharmaceuticals (JAZZ) as a defense, and another saying a rival big pharma company, such as Johnson & Johnson (JNJ) or Merck (MRK), could launch a competing bid for Allergan. Shares of Allergan led all gainers on the S&P 500, rising 16%, while Valeant shares gained more than 6%... A number of other big drug makers made news with a string of deals, as Novartis (NVS) and GlaxoSmithKline (GSK) both reshaped their companies via a trio of agreements. Novartis will acquire GSK's oncology products for a $14.5B payment and up to $1.5B contingent future payments, Novartis will sells its Vaccines business, excluding flu, to GSK for $7.1B plus royalties, and the two agreed to tie-up their consumer healthcare businesses through a joint venture. In a separate transaction, Novartis agreed to divest its Animal Health Division to Eli Lilly (LLY) for about $5.4B. MAJOR MOVERS: Among the notable gainers following their earnings reports were streaming video service Netflix (NFLX), which advanced almost 6%, and motorcycle maker Harley-Davidson (HOG), which rose 8%. Companies that slid following their earnings reports included printer maker Lexmark (LXK), which fell over 11%, and Pentair (PNR), which dropped almost 6%. INDEXES: Near midday, the Dow was up 106.77, or 0.65%, to 16,556.02, the Nasdaq was up 45.95, or 1.11%, to 4,167.50, and the S&P 500 was up 11.59, or 0.62%, to 1,883.48.
12:37 EDTNFLXNetflix rises after earnings beat, sooner than expected price hike
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12:18 EDTCRMBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
10:42 EDTNFLX Options with decreasing implied volatility: SRPT NFLX YOKU UVXY
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:55 EDTRAXRackspace coverage initiated at ITG Research
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09:38 EDTAMZN, NFLXActive equity options trading on open
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09:16 EDTNFLXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Netflix (NFLX), up 8%... Harley-Davidson (HOG), up 7%... PLX Technology (PLXT), up 8%... Illinois Tool (ITW), up 2.3%... Comcast (CMCSA), up 1%... McDonald's (MCD), up 0.6%. ALSO HIGHER: Allergan (AGN), up 17% after Valeant (VRX) confirms proposal to combine with the company for $48.30 and 0.83 shares of stock. Valeant is up 5% following its confirmation of the news that broke last night... GlaxoSmithKline (GSK), up 4.5% after agreeing to sell oncology products for $14.5B to Novartis (NVS) and buy Novartis' Vaccines business, currently excluding its flu business, for $7.1B plus royalties. Novartis shares trading in New York are also up 1% following the deals... Revance Therapeutics (RVNC), up 20% after announcing positive results from RT002 Phase 1/2 study... Facebook (FB), up 2% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Xerox (XRX), down 4%... Lexmark (LXK), down 4.8%. ALSO LOWER: Allison Transmission (ALSN), down 4% after filing to sell 25M shares for holders... FireEye (FEYE), down 2.9% after filing to sell 13.3M shares of common stock for holders... Bebe stores (BEBE), down 16% after reporting preliminary Q3 losses that were steeper than the consensus estimate.
09:09 EDTAMZNAmazon.com April weekly volatility increases into Q1 and expense outlook
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08:54 EDTCRMSaaS fundamentals remain strong, buy pullback, says Morgan Stanley
Morgan Stanley said SaaS fundamentals remain strong and corporate spending and secular drivers remain strong. The analyst would use the pullback to buy favorite names that include ServiceNow (NOW), Salesforce.com (CRM), Veeva (VEEV) and Workday (WDAY).
08:35 EDTRAXCommVault extends relationship with Rackspace
CommVault (CVLT) announced that it has extended its relationship with Rackspace Hosting (RAX) to improve managed backup services based on the latest enhancements in Simpana 10. Through their collaborative efforts, the companies have enhanced Rackspace's services capabilities with capabilities of the Simpana 10 platform.
08:14 EDTNFLXNetflix price target raised to $520 from $500 at Pacific Crest
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08:09 EDTAMZNAmazon.com risk/reward compelling into Q1 results, says Deutsche Bank
Deutsche Bank views the recent sell-off in shares of Amazon.com as overdone and believes the risk/reward is compelling into the company's Q1 results. Deutsche expects Amazon to post a larger than normal beat versus consensus in Q1 and it keeps a Buy rating on the stock with a $475 price target.
07:50 EDTNFLXNetflix price target raised to $435 from $419 at Oppenheimer
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07:34 EDTNFLXNetflix guidance, commentary positive, says Stifel
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07:25 EDTIBMNatural E Creative Group to hold a summit
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07:10 EDTNFLXNetflix blames AT&T for below-average streaming speeds, Bloomberg says
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06:37 EDTAMZN, RAXCompanies with cloud businesses worried about Aereo case, Re/code says
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05:59 EDTNFLXNetflix price target raised to $434 from $412 at Piper Jaffray
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05:47 EDTCRMStocks with implied volatility movement; JCP CRM
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05:45 EDTNFLXNetflix upgraded to Outperform from Market Perform at Raymond James
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05:30 EDTNFLXNetflix upgraded to Buy from Hold at Cantor
Cantor Fitzgerald upgraded its rating on Netflix (NFLX) shares to Buy from Hold citing the company's stronger than expected Q1 results and better Q2 guidance. Cantor views the stock as more compelling given Netflix's international expansion and $1-$2 price hike later this quarter. The firm raised its price target for shares to $425 from $405.
April 21, 2014
19:45 EDTNFLXComcast responds to Netflix opposition to Time Warner Cable deal
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19:02 EDTNFLXOn The Fly: After Hours Movers
NOTABLE: Allergan (AGN), up 20%, and Valeant Pharmaceuticals (VRX), up 9.1%, both advanced after The Wall Street Journal reported that activist investor Bill Ackman is teaming up with Valeant to make a bid for Allergan. Following the report, Ackman's Pershing Square filed a 13D with the SEC disclosing a 9.7% stake in Allergan and outlining an agreement with Valeant. The agreement, among other things, said that Valeant plans to make a bid for Allergan comprised of $15B of cash and a to-be-determined amount of Valeant stock. The filing also showed that Ackman began building a position in Allergan in late February, and at that time entered an agreement with Valeant forming a new, jointly-owned entity through which to acquire a position in Allergan. CNBC's David Faber reported that Valeant is expected to officially make a hostile bid for Allergan by tomorrow. UP AFTER EARNINGS: Netflix (NFLX) gained 6.3% after reporting profits that beat expectations on revenues that were in-line with expectations. The streaming internet video service also reported that U.S. subscribers grew by 2.25M in the first quarter, with its international subscriber base expanding by 1.75M for the period. DOWN AFTER EARNINGS: Rambus (RMBS) fell 7.5% after providing a second quarter revenue outlook that fell short of expectations, with the company adding that its revenue outlook, "includes expectations that the company will sign new customers for patent as well as solutions licensing." Rambus' first quarter results, however, came in better than expected, and the company also reaffirmed its fiscal 2014 revenue outlook.
17:31 EDTNFLXNetflix sees reaching 60M-90M U.S. subscribers
17:18 EDTNFLXNetflix says original content competing with 'top end of cable'
Comment made on company's Q1 earnings webcast.
16:24 EDTNFLXNetflix says opposes Comcast-Time Warner Cable deal
"If the Comcast (CMCSA) and Time Warner Cable (TWC) merger is approved, the combined company’s footprint will pass over 60% of U.S. broadband households, after the proposed divestiture, with most of those homes having Comcast as the only option for truly high-speed broadband. As DSL fades in favor of cable Internet, Comcast could control high-speed broadband to the majority of American homes. Comcast is already dominant enough to be able to capture unprecedented fees from transit providers and services such as Netflix (NFLX). The combined company would possess even more anti-competitive leverage to charge arbitrary interconnection tolls for access to their customers. For this reason Netflix opposes this merger," the company said.
16:10 EDTNFLXNetflix shares up 3% after Q1 results
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16:10 EDTNFLXNetflix says opposes Comcast-Time Warner Cable deal
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16:07 EDTNFLXNetflix sees adding $1-$2 per month for new subscribers
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16:06 EDTNFLXNetflix says House of Cards season 2 attracted 'huge' audience
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16:04 EDTNFLXNetflix sees adding 520,000 domestic subscribers in Q2
Sees adding 940,000 international subscribers in Q2. Sees total members 49.81M in Q2, reports 48.35M total members at Q1-end.
16:03 EDTNFLXNetflix Q1 net international subscriber additions 1.75M
16:03 EDTNFLXNetflix Q1 net domestic additions 2.25M
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16:02 EDTNFLXNetflix sees Q2 EPS $1.12, consensus $1.00
16:02 EDTNFLXNetflix reports Q1 EPS 86c, consensus 83c
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16:01 EDTNFLXOptions Update; April 21, 2014
iPath S&P 500 VIX Short-Term Futures down 78c to 40.03. Option volume leaders: AAPL C GILD NFLX TSLA TWTR FB WLT according to Track Data.
15:16 EDTNFLXNotable companies reporting after market close
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13:37 EDTNFLXEarnings Preview: Comcast set for first report after Time Warner Cable deal
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
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13:05 EDTNFLX, AMZNEarnings Preview: Netflix shares trading up 3% since last earnings report
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12:43 EDTNFLXNetflix April weekly 345 straddle priced for 11.6% move into Q1
09:36 EDTNFLXActive equity options trading on open
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09:02 EDTNFLXNetflix April weekly volatility elevated at 126 into Q1 and outlook
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08:03 EDTVMWVMware volatility elevated into Q1 and revenue growth outlook
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07:12 EDTIBMU.S. judge allows GM South Africa apartheid lawsuit, Bloomberg says
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06:45 EDTAMZNApple and Google compete to offer exclusive game apps, WSJ reports
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April 19, 2014
20:17 EDTAMZN, NFLXTwitter, Netflix, Amazon look pricey, Barron's says
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April 17, 2014
17:54 EDTIBMInvestors should stay away from IBM for now, Barron's says
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16:45 EDTIBMMarket swings to gains in holiday-shortened week
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16:31 EDTNFLX, IBMOn The Fly: Closing Wrap
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16:05 EDTAMZNAmazon Fire TV's voice search partners with Hulu, Crackle, Showtime Anytime
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14:55 EDTNFLXNetflix rallies after upgrade, Vodafone content deal talks
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12:53 EDTIBMOn The Fly: Midday Wrap
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12:46 EDTNFLXVodafone, Netflix in talks on content deal, Bloomberg says
Vodafone (VOD) is in early stage talks with Netflix (NFLX) to offer Vodafone customers free access access to its streaming service for a period of time, according to Bloomberg, citing three people familiar with the talks. Reference Link
10:20 EDTAMZNStocks with call strike movement; AMZN TSLA
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10:17 EDTNFLXStocks with call strike movement; FB NFLX
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09:59 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:35 EDTIBM, NFLX, AMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOGL GOOG NFLX TSLA AMZN GOLG NOV AA IBM
08:58 EDTIBMOn The Fly: Pre-market movers
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08:46 EDTIBMIBM profit cycle has bottomed, says Cantor
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07:24 EDTIBMFutures lower as earnings disappoint
U.S. equity futures are lower following disappointing earnings reports from tech giants IBM (IBM) and Google (GOOG). Earnings will be taking center stage for the next few weeks Meanwhile, investors will continue to analyze economic data. Expected to be released today are weekly jobless claims data and the natural gas inventory report.
06:58 EDTNFLXNetflix, Comcast deal questioned by senator, NY Post says
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06:30 EDTIBMIBM price target raised to $197 from $175 at JPMorgan
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06:10 EDTAMZNNearly 1,000 Amazon workers in Germany expected to strike, WSJ reports
Amazon workers in Germany are expected to strike today, the Wall Street Journal reports, citing comments from services union Verdi. The union believes 400-500 employees will strike at two locations over wage levels. Reference Link
06:09 EDTIBMIBM unchanged outlook effectively a guide-down, says UBS
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06:06 EDTIBMIBM price target lowered to $173 at Goldman Sachs
Goldman Sachs says IBM reported "another tough quarter" on weakness in emerging markets and increasing competition in application outsourcing. The firm lowered its price target for shares to $173 from $175 and keeps a Neutral rating on the name.
05:33 EDTNFLXNetflix upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded its rating on Netflix (NFLX) to Outperform from Sector Perform on expectations the company's international growth will accelerate meaningfully over the next 18 months. The firm has a $500 price target for shares.
April 16, 2014
18:55 EDTIBMOn The Fly: After Hours Movers
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17:55 EDTIBMIBM reports Q1 Global Services total signings $11.2B
Outsourcing signings were $5.5B, and transactional signings were $5.7B. Comments from presentation slides for Q1 earnings.
17:22 EDTIBMIBM says FY14 revenue growth to be impacted by hardware business challenges
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16:54 EDTIBMIBM says still expects to deliver at least $20.00 in operating EPS in 2015
FY15 consensus $19.86. Guidance from Q1 earnings conference call.
16:40 EDTIBMOn The Fly: Closing Wrap
Stocks on Wall Street were higher after Fed Chair Janet Yellen struck a dovish tone in comments to the Economic Club of New York, which was in step with the minutes of the last FOMC meeting released last week. The Fed also released its latest Beige Book report, which indicated that economic activity increased in most regions after the severe winter weather that gripped much of the country to start the year had let up. Corporate earnings season continues to pick up steam, with Dow members IBM (IBM) and American Express (AXP), as well as Google (GOOG), reporting after the market close. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fed's Beige Book report indicated that economic activity rebounded and strengthened in most regions over the last six week. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Bank of America (BAC) fell 26c, or 1.59%, to $16.13 after the bank reported a first quarter loss of 5c per share, largely due to $6B in legal charges. Excluding the impact of this litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and other legacy mortgage-related matters, the banking major reported earnings that appeared to beat estimates... Yahoo (YHOO) gained $2.14, or 6.26%, to $36.35 after its quarterly report, with investors reacting most positively to the 66% year-over-year revenue growth reported by Chinese e-commerce company Alibaba, in which Yahoo holds a 24% stake. Yahoo's quarterly profit and revenue also beat expectations and the company's CEO Marissa Mayer said during its earnings webcast that the search giant's core business has moved from declining growth to stable to modest growth. MAJOR MOVERS: Among the notable gainers was CBS Outdoor (CBSO), which jumped $1.94, or 6.69%, to $30.96 after the IRS approved a plan for the company, which was just last week spun-off from its parent CBS (CBS), to convert into a real estate investment trust, or REIT. Other companies seeking REIT status, including Equinix (EQIX), Iron Mountain (IRM) and Lamar Advertising (LAMR), also rose following CBS' announcement. Also higher was drugmaker Zogenix (ZGNX), up 48c, or 20.51%, to $2.82 after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers were U.S.-listed shares of Credit Suisse (CS), which fell 54c, or 1.7%, to $31.22 after the Swiss bank reported net income and revenue that fell when compared to the prior year. Also lower were Agnico Eagle Mines (AEM) and Yamana Gold (AUY) after agreeing to jointly acquire Osisko Mining. Angico shares fell $2.61, or 8.56%, to $27.88, while Yamana was down 36c, or 4.3%, to $8.02. INDEXES: The Dow was up 162.29, or 1.0%, to 16,424.85, the Nasdaq was up 52.06, or 1.29%, to 4,086.23, and the S&P 500 was up 19.33, or 1.05%, to 1,862.31.
16:16 EDTIBMIBM reports Q1 cloud revenue up more than 50%
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16:16 EDTIBMIBM reports Q1 adjusted gross profit margin 47.6%, up 90bps
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16:15 EDTIBMIBM down more than 2% following Q1 results
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16:13 EDTIBMIBM reports Q1 Global Technology Services segment revenues down 3%
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16:11 EDTIBMIBM reports Q1 revenue from growth markets down 11%
Revenues from the company’s growth markets decreased 1%, down 5%, adjusting for currency. Revenues in the BRIC countries — Brazil, Russia, India and China — decreased 11%, down 6%, adjusting for currency.
16:10 EDTIBMIBM reports Q1 revenue from Software segment up 2%
Revenues from the Software segment were up 2% to $5.7B, up 2%, adjusting for currency, compared with the first quarter of 2013. Software pre-tax income decreased 5% and pre-tax margin decreased to 29.1%, including an impact of approximately $0.2B for the workforce rebalancing charge.
16:08 EDTIBMIBM sees FY14 adjusted EPS at least $18.00, consensus $17.84
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16:07 EDTIBMIBM reports Q1 adjusted EPS $2.54, consensus $2.54
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16:00 EDTNFLXOptions Update; April 16, 2014
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15:17 EDTIBMNotable companies reporting after market close
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15:17 EDTIBMIBM April 195 straddle priced for 3.6% move into Q1
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15:07 EDTIBMIBM technical comments ahead of earnings
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13:00 EDTNFLXNetflix to launch Germany service in September, GigaOM says
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12:33 EDTIBMIBM sued for over $2.5B by Mexico's Iusacell, Reuters says
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12:30 EDTIBMEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
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12:08 EDTNFLXStocks with call strike movement; TWTR NFLX
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10:16 EDTNFLXNetflix April weekly volatility elevated at 106 into Q1 and outlook
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
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09:36 EDTAMZN, NFLXActive equity options trading on open
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09:23 EDTVMWVMware revenue, EPS should beat consensus, says Goldman
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08:56 EDTIBMThe Hartford, IBM announce six-year technology services agreement
The Hartford (HIG) and IBM (IBM) announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The Hartford will move to a private cloud-based infrastructure on IBM’s PureFlex System. Under the $500M agreement, IBM will also provide a number of other services related to mainframe, storage, backup and resiliency. The Hartford will define the services it requires, and IBM will be responsible for the solution and delivery of those services.
08:53 EDTAMZNSeveral e-commerce stocks look positive into earnings, says Pacific Crest
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08:05 EDTAMZNAmazon.com upgraded to Buy from Hold at Argus
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07:53 EDTNFLXNetflix Q1 results should be solid, says RW Baird
Baird expects Netflix to report solid Q1 results and remains bullish on the company's medium and long-term opportunities. The firm, however, does not expect to see meaningful upside to subscriber growth due to seasonality. Baird keeps an Outperform rating and $470 price target on the stock.
07:30 EDTVMW, AMZNVMware, Citrix may be threatened as OpenStack momentum builds, WSJ says
OpenStack supporters say the open-source operating system can bring the ease of use and agility offered by cloud-service vendors, while using a company's own server systems, and if it continues to be adopted OpenStack could pose a threat to companies to offer data center software and services including VMware (VMW), Citrix Systems (CTXS), Amazon.com (AMZN), Microsoft (MSFT) and others, said The Wall Street Journal. Reference Link
07:07 EDTIBM, AMZNAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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06:27 EDTNFLX, AMZNNBCUniversal planning digital video push
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06:17 EDTAMZNAmazon testing handheld grocery ordering device, WSJ reports
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April 15, 2014
16:00 EDTAMZNOptions Update; April 15, 2014
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13:14 EDTNFLXNetflix volatility elevated up as shares pullback to six-month low into Q1
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12:16 EDTAMZNAmazon.com pauses near session lows, levels to watch
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11:23 EDTIBMInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
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08:06 EDTIBMIBM April volatility elevated at 55 into Q1
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07:59 EDTAMZNAmazon exec hired away by Square, Re/code says
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06:54 EDTIBMIBM downgraded to Neutral from Buy at Citigroup
Citigroup downgraded its rating on IBM to Neutral from Buy citing valuation and lowered its price target for shares to $200 from $235.
06:53 EDTAMZNAmazon.com rejects bitcoin, doesn't rule out payment network, Re/code says
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06:06 EDTIBMIBM establishes new Big Data & Business Analytics Center of Competence in Greece
IBM has announced that it will establish a new Big Data and Business Analytics Center of Competence in Athens, Greece advancing its ability to deliver Big Data and Business Analytics technical and consulting capabilities in the region, drawing on an emerging generation of highly skilled local expertise. The new center will help companies to better leverage analytics and cognitive computing capabilities, improving business operations and enhancing their competitiveness in the global marketplace.
April 14, 2014
13:19 EDTNFLXNetflix's streaming speeds on Comcast jumped, The Verge reports
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10:02 EDTVMWOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
09:36 EDTAMZN, NFLXActive equity options trading on open
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09:01 EDTVMW, VMWVMware upgraded to Outperform from Underperform at CLSA
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07:06 EDTVMW, IBMU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
06:45 EDTAMZNAmazon.com says Amazon Fire TV out of stock until April 21
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06:15 EDTVMW, VMWVMware upgraded to Outperform from Underperform at CLSA
April 13, 2014
19:59 EDTIBMImperva faces competition from firms like IBM, F5 Networks, Bloomberg says
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April 11, 2014
17:11 EDTAMZNAmazon.com plans to launch smartphone in 2H14, WSJ reports
According to sources, Amazon.com plans to launch a smartphone during the second half of 2014, with shipping likely to begin by the end of September, The Wall Street Journal reports. Reference Link
16:57 EDTAMZNAmazon.com plans to launch smartphone in 2H14, Dow Jones reports
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12:44 EDTAMZNHedge funds initiating shorts on Priceline, Amazon, Twitter, CNBC says
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12:04 EDTAMZNStocks with call strike movement; AMZN GILD
Amazon.com (AMZN) May 380 call option implied volatility decreased 3% to 43, Gilead (GILD) August 77 call option implied volatility decreased 15% to 45 according to IVolatility.
09:37 EDTAMZN, NFLXActive equity options trading on open
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08:56 EDTAMZNAmazon CEO says more than 1M subscribers joined Prime in 3rd week of Dec. alone
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08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
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07:57 EDTIBMIBM April volatility elevated at 37 into Q1
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06:31 EDTAMZNAmazon.com May volatility elevated into Q1 and profit outlook
Amazon.com April call option implied volatility is at 39, May weekly is at 59, May is at 48, June is at 37; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on late April 24.
06:04 EDTAMZNAmazon.com implied volatility of 50 at upper end of index mean range
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April 10, 2014
16:03 EDTAMZNAmazon to acquire digital comic book company comiXology
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16:00 EDTNFLX, AMZNOptions Update; April 10, 2014
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14:24 EDTIBM, AMZNAmazon Web Services CTO says ARM CPUs may be considered, The Register says
Amazon (AMZN) Web Services chief technology officer Werner told The Register that the company is “always looking for efficiency” and may consider using ARM (ARMH) CPUs in the future. Vogels said another processor architecture AWS has considered is IBM's (IBM) Power, the report noted. Reference Link
12:52 EDTNFLXCarl Icahn says eBay separation 'not if but when'
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12:18 EDTAMZNAmazon CEO confirms plans to expand Amazon Fresh offering, Re/code reports
Amazon CEO Jeff Bezos has confirmed that the company is planning to expand Amazon Fresh beyond its current three markets, Re/code reports, citing the CEO's 2013 letter to shareholders. He commented that "We’ll continue our methodical approach – measuring and refining Amazon Fresh – with the goal of bringing this incredible service to more cities over time." Bezos also commented on drones, saying "The Prime Air team is already flight testing our 5th and 6th generation aerial vehicles and we are in the design phase on generations 7 and 8." Reference Link
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:10 EDTRAXRackspace appoints Ryan Neading as Chief Information Officer
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09:06 EDTIBMIBM to acquire Atlanta-based software company Silverpop
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09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
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08:44 EDTIBMCLSA technology analysts hold an analyst/industry conference call
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08:44 EDTNFLXNetflix upgraded to Buy from Hold at Hudson Square
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06:55 EDTIBMIBM initiated with a Hold at Deutsche Bank
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