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Stock Market & Financial Investment News

News Breaks
August 30, 2013
16:42 EDTAPA, LCC, AAMRQ, CRM, SPLK, KKD, PSUNOn The Fly: Closing Wrap
Stocks on Wall Street were lower as each of the major indexes finished the month with losses, lead by the Dow and S&P, which each lost more than 3% in August. The averages drifted lower for the beginning of the session, turning more volatile after statements regarding Syria were made by both U.S. Secretary of State John Kerry and President Obama, with the indexes closing off their worst levels of the session. ECONOMIC EVENTS: In the U.S., consumer spending rose less than forecast in July as income growth slowed. Personal income in the month rose 0.1%, versus the expected increase of 0.2%, while personal spending rose 0.1%, versus an expected 0.3% increase. The Chicago ISM rose 0.7 points to 53.0 in August, matching the forecast of analysts. The final August reading of the University of Michigan Consumer Sentiment survey was revised up to 82.1, which was higher than the preliminary August estimate of 80.0, but lower than July?s reading of 85.1. COMPANY NEWS: Shares of energy explorer Apache (APA) rose $7.04, or 8.95%, to $85.68 after the company last night announced a deal to sell a 33% stake in its Egyptian business to China's Sinopec for $3.1B in cash. A number of analysts reacted positively to the news, notably RBC Capital, which upgraded the stock to Outperform from Sector Perform... A federal judge set a November 25 trial date in the U.S. Justice Department's challenge to the proposed merger between US Airways (LCC) and American Airlines parent AMR Corp. (AAMRQ). MAJOR MOVERS: Among the notable gainers was cloud software company salesforce.com (CRM), up $5.48, or 12.55%, to $49.13 after beating second quarter estimates and raising its full year 2014 outlook. Also higher following a better-than-expected earnings report was another software company, Splunk (SPLK), which gained $6.29, or 12.86%, to $55.21, as the stock was also upgraded at FBR Capital. Among the noteworthy losers were shares of doughnut maker Krispy Kreme (KKD), down $3.51, or 15.11%, to $19.72 after its earnings and guidance missed expectations. Also lower was teen retailer Pacific Sunwear (PSUN), down 66c, or 16.84%, to $3.26, which reported an in-line second quarter but gave an earnings and revenue outlook for the third quarter that fell short of estimates. INDEXES: The Dow was down 30.64, or 0.21%, to 14,810.31; the S&P 500 was down 5.20, or 0.32%, to 1,632.97; the Nasdaq was down 30.43, or 0.84%, to 3,589.87.
News For APA;LCC;AAMRQ;CRM;SPLK;KKD;PSUN From The Last 14 Days
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August 22, 2014
09:36 EDTCRMActive equity options trading on open
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07:59 EDTCRMSalesforce.com remains favorite large-cap growth stock, says Canaccord at Canaccord
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07:59 EDTCRMSalesforce.com price target raised to $76 from $73 at UBS
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07:48 EDTCRMSalesforce.com reported strong Q2 results, says Oppenheimer
After Salesforce.com reported stronger than expected Q2 results, Oppenheimer thinks the company's guidance for the remainder of the year can still rise further. The firm believes that the company's success in marketing and platform products could enable its revenue to beat expectations going forward. It keeps a $71 price target and Outperform rating on the shares.
07:06 EDTCRMSalesforce.com price target raised to $70 from $65 at Deutsche Bank
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06:20 EDTCRMOptions expected to be active
Options expected to be active: GME ARO CRM INTU TFM MRVL ROST BRCD
August 21, 2014
18:22 EDTCRMOn The Fly: After Hours Movers
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18:22 EDTCRMSalesforce.com CEO: Microsoft the number one customer of ExactTarget
Says Europe performing beyond expectations. Marc Benioff is speaking on CNBC.
18:01 EDTCRMSalesforce.com targets $1.1B in cash flow at end of FY15
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16:09 EDTCRMSalesforce.com reports Q2 operating cash flow $246M, up 34% YoY
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16:08 EDTCRMSalesforce.com raises FY15 adjusted EPS view to 50c-52c from 49c-51c
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16:06 EDTCRMSalesforce.com sees Q3 adjusted EPS 12c-13c, consensus 13c
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16:05 EDTCRMSalesforce.com reports Q2 adjusted EPS 13c, consensus 12c
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15:15 EDTCRMNotable companies reporting after market close
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13:45 EDTCRM Earnings Preview: Analysts positive on Salesforce.com ahead of Q2 earnings
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13:40 EDTCRMSalesforce.com technical comments ahead of earnings
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10:34 EDTCRMOptions Update; August 21, 2014
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09:52 EDTCRMSalesforce.com August weekly 54.5 straddle priced for 5.9% move into Q2
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06:23 EDTSPLKSplunk price target lowered to $55 from $65 at Deutsche Bank
Deutsche Bank lowered its price target for Splunk (SPLK) shares to $55 from $65 ahead of the company's Q2 results on August 28 and says it prefers Tableau (DATA) on a relative basis. Deutsche, however, keeps a Buy rating on Splunk, noting that its recent user checks didn't pick up anything incrementally negative. The firm believes the Street is cautious on the stock into the results.
August 20, 2014
08:17 EDTCRMSalesforce.com appears poised to report good Q2 results, says Oppenheimer
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