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Stock Market & Financial Investment News

News For APKT;ORCL;SONS;HLF;NUS;BTH;PKT;RMTI;MOBI;PC;RCL;CLX;HUM From The Last 14 Days
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July 1, 2015
07:25 EDTCLXConsumer goods makers challenged by surging freight costs, WSJ reports
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June 30, 2015
10:26 EDTRMTIOptions with increasing implied volatility
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05:59 EDTORCLGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
June 29, 2015
10:54 EDTORCLGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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09:04 EDTHLFHerbalife says Eric D. Rosen will join company as VP of government relations
Herbalife announced that Eric D. Rosen will join Herbalife’s growing global corporate affairs team as VP of government relations and director of its Washington, D.C. office. Rosen will oversee Herbalife’s D.C. operations and will report to Ric Hobby, who was recently appointed as head of Herbalife’s global government relations reporting to Alan Hoffman, executive VP of the global corporate affairs team. Rosen, who will be based out of Herbalife’s D.C. office, is a Capitol Hill veteran with experience in the Senate, House, and Executive Branch.
June 28, 2015
17:37 EDTHUMHumana deal could be announced Monday, WSJ says
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June 26, 2015
16:32 EDTHUMStocks end week lower with Greece still searching for deal
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13:09 EDTHLFPershing Square urges Herbalife CEO to release video referenced by NY Post
Pershing Square Capital released a letter it sent to Herbalife CEO Michael Johnson concerning his "serious admissions about Herbalife and its conduct that were revealed by the New York Post." The letter states in part: "Today the New York Post reported on a 71-minute video in which you appear on a stage, making serious admissions about Herbalife and its conduct...We urge that you release the 71-minute video and any similar materials in your possession or control, and we encourage Herbalife employees, distributors and others with similar materials to come forward...In February 2013, we publicly asked you to provide simple data on how many people arrive and leave at each level of Herbalife’s network over time...You still have not disclosed the facts. In light of your admission that Herbalife is a lottery ticket, basic fairness suggests you should disclose the facts."
08:56 EDTHLFVideo shows Herbalife CEO saw ‘pyramiding’ signs in 2005, NY Post reports
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07:59 EDTHUMFBR 'lukewarm' on potential Aetna, Humana deal
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07:55 EDTHUMAetna price target raised to $150 from $145 at Leerink
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06:17 EDTORCLConcerns over AWS pricing overblown, says Piper Jaffray
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06:01 EDTHUMHumana could reach deal to sell itself by next week, NY Times reports
According to a source, Humana (HUM) is pursuing a deal to sell itself and an agreement could be reached by next week, The New York Times reports. Aetna (AET) and Cigna (CI) are said to be in the running to buy Humana. Bloomberg previously reported that a deal could be reached as early as this weekend. Reference Link
June 25, 2015
16:23 EDTHUMOn The Fly: Top stock stories for Thursday
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14:44 EDTHUMHumana options active on nearing deal to be acquired by Aetna
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13:57 EDTHUMHumana spikes on nearing deal to be acquired by Aetna
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13:53 EDTHUMHumana nearing deal to be acquired by Aetna, Bloomberg reports
Aetna (AET) is nearing an acquisition of Humana (HUM) and a deal could be reached as early as this weekend, Bloomberg reports, citing people with knowledge of the matter. Aetna's bid includes cash and stock, and talks between the two the companies picked up after Anthem (ANTM) came public with a bid for Cigna (CI), Bloomberg adds. Both Aetna and Cigna bid for Humana, a source told Bloomberg, with Humana's board preferring the offer from Aetna. Shares of Humana are up $14.72 to $198.95 following Bloomberg's report. Reference Link
13:44 EDTHUMHumana halted for volatility after jumping $15.54 to $199.98
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13:43 EDTHUMHumana received offer from Cigna, Aetna, prefers Aetna, Bloomberg says
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13:43 EDTHUMAetna nearing deal to acquire Humana, Bloomberg reports
11:06 EDTHUMHospitals, insurers climb after Supreme Court rules on ACA subsidies
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10:11 EDTHUMACA tax subsidies upheld by Supreme Court
The decision of the Fourth Circuit was affirmed in King v. Burwell by a vote of 6 to 3, according to multiple media reports. The Supreme Court upholding the lower court ruling means that individuals who get health insurance through an exchange established by the federal government will be eligible for tax subsidies in all 50 states. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
10:07 EDTHLFHerbalife rises after Pivotal says SEC completes review of filings
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09:47 EDTHLFHerbalife price target raised to $90 from $80 at Pivotal Research
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09:40 EDTHUMMultiple parties expressing interest in Humana, CNBC reports
Humana (HUM) has received expressions of interest from multiple companies, CNBC's David Faber reports. The interest does not mean multiples bids are forthcoming, Faber added.
05:59 EDTHUMHumana implied volatility of 55 at upper end of index
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June 24, 2015
17:57 EDTHUMWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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10:00 EDTHUMOn The Fly: Analyst Initiation Summary
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10:00 EDTRCLOn The Fly: Analyst Upgrade Summary
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06:35 EDTHUMHumana initiated with a Sector Perform at RBC Capital
Target $221.
05:59 EDTHUMHumana implied volatility of 54 at upper end of index
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June 23, 2015
18:44 EDTRCLRoyal Caribbean upgraded to Buy from Neutral at Goldman
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10:47 EDTORCLOracle new services round out cloud platform, says Cantor
Cantor Fitzgerald analyst Brian White believes Oracle's addition of 25 new cloud services rounds out the Oracle Cloud Platform. He says Oracle is now in a unique position to competitively deliver cloud solutions to enterprise customers and keeps a Buy rating on the stock with a $48 price target.
09:50 EDTHUMAnthem CFO meeting with Cigna shareholders, CNBC reports
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09:45 EDTHUMAnthem concerned Cigna may bid for Humana, CNBC's Faber reports
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07:44 EDTHUMHumana takeover looks unlikely below $210/share, says Leerink
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06:04 EDTORCLOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
06:00 EDTHUMHumana implied volatility of 48 at upper end of index
June 22, 2015
18:56 EDTHUMCigna/Anthem deal could leave Humana with Aetna as only suitor, Bloomberg says
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08:22 EDTORCLOracle to hold a webinar
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08:16 EDTHUMAnthem, Cigna deal would be negative for Catamaran, says Leerink
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08:02 EDTRCLRoyal Caribbean completes next phase of construction for Harmony of the Seas
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07:54 EDTHUMAnthem, Cigna deal likely to be consummated, says Leerink
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07:16 EDTHUMAnthem should be bought after Cigna offer, says Stifel
After Anthem, (ANTM) offered to buy Cigna (CI) and the latter company rejected the bid, Stifel estimates that the deal would have been 10% accretive for Anthem in the first year and 20% accretive in the second year. The firm thinks that accretion from the deal will probably be higher than expected. It also recommends buying Aetna (AET) as it believes that the Anthem offer suggests that Aetna will benefit more than expected from its own deal. The firm is cautious on Humana (HUM), saying that it may lose two potential buyers in Anthem and Cigna, while Humana may retreat if Aetna does not acquire the company quickly.
06:51 EDTHUMHealth insurer tie-ups could cut competition, WSJ reports
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06:37 EDTHUMHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 21, 2015
16:03 EDTHUMAetna makes offer to acquire Humana, WSJ says
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June 19, 2015
16:24 EDTHUM, ORCLStocks end week higher after Fed reassures on gradual pace of rate increases
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10:09 EDTHUMFly Watch: Supreme Court may release key ACA decision soon
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09:37 EDTORCLActive equity options trading on open
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09:18 EDTHUMHumana most likely target in Managed Care, says FBR Capital
FBR Capital says Humana (HUM) is the most likely acquisition target in the Managed Care space, with Aetna (AET), Anthem (ANTM) and Cigna (CI) as the likely acquirers. The firm believes Anthem would benefit the most from the acquisition of Humana. It also thinks UnitedHealth (UNH) could look to acquire Aetna or Cigna. FBR thinks one or two more large deals in the space are possible.
08:31 EDTORCLFortinet adds Oracle Chief Marketing Officer Judith Sim to board
Fortinet (FTNT) announced that Judith Sim, Chief Marketing Officer at Oracle (ORCL), is joining Fortinet's board, effective June 22.
07:37 EDTHUMSupreme Court decision on ACA suit due soon, says UBS
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June 18, 2015
16:24 EDTORCLOn The Fly: Top stock stories for Thursday
Stocks began the session in positive territory, adding to the late day move yesterday that followed Fed comments about the central bank's plans to raise benchmark interest rates gradually. Today's rally was broad based, as all 10 S&P sectors were in positive ground and the Nasdaq closed at a new all-time high. There were the usual headlines concerning Greece, but for at least one day, the U.S. market was able to ignore the European noise. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states met today, after which Agence France-Presse reported that the talks ended with no deal on Greece. Bloomberg subsequently said that euro leaders plan to hold a summit to discuss Greece this coming Monday. COMPANY NEWS: Shares of Oracle (ORCL) dropped $2.17, or 4.84%, to $42.74 after the enterprise software, hardware and IT services provider reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter... General Motors (GM) announced that Fitch has raised the credit ratings of both GM and GM Financial to investment grade, meaning the corporate credit ratings for GM are now investment grade with all major rating agencies. Meanwhile, Reuters reported, citing several sources familiar with the matter, that the automaker has hired Goldman Sachs (GS) and Morgan Stanley (MS) to advise it as Fiat Chrysler (FCAU) CEO Sergio Marchionne attempts to gain the support of GM investors with the goal of forcing merger discussions with GM's board... Fitness tracker maker Fitbit (FIT) surged 48.4% to close at $29.68 in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, and its closing price gives it a market value near $6B. MAJOR MOVERS: Among the notable gainers was Martha Stewart Living Omnimedia (MSO), which rose $1.35, or 26.27%, to $6.44 after The Wall Street Journal reported the company was nearing a deal to be acquired by Sequential Brands (SQBG), though the Journal said it was unable to learn the terms of the potential deal being discussed. Sequential Brands (SQBG) shares added 12.4% to close at $16.04 following the report. Also higher was Radius Health (RDUS), which gained $7.81, or 15.1%, to $59.54 after the company announced results from the six-month extension study for abaloparatide, its experimental treatment for osteoporosis. Among the noteworthy losers was Bankrate (RATE), which fell $2.60, or 18.77%, to $11.25 and was downgraded to Neutral from Buy at SunTrust after the company's revenue outlook came in well below the consensus forecast. INDEXES: The Dow gained 180.10, or 1%, to 18,115.84, the Nasdaq rose 68.07, or 1.34%, to 5,132.95, and the S&P 500 added 20.80, or 0.99%, to 2,121.24.
15:05 EDTORCLOracle hires David Donatelli to lead Converged Infrastructure
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12:34 EDTORCLOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in positive territory and continued to tack on gains throughout the morning. The move has been broad based, with each of the major averages gaining at least 1%. The move may be reflecting investors feeling a sense of relief following yesterday’s FOMC meeting, after which the central bank repeated its promise to be gradual in raising rates, without specifying when rate "lift-off" will commence. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states are set to meet today, but expectations for progress on Greece are low. Also, the Norwegian central bank cut interest rates to a record low, while the Swiss National Bank kept its deposit rate at record lows as well. In Asia, the Shanghai composite index tumbled 3.7% overnight, doubling its weekly decline to 7.4% and increasing fears that a bubble in the nation's stock market may be preparing to burst. COMPANY NEWS: Shares of enterprise software, hardware and IT services provider Oracle (ORCL) dropped 7% after the company reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter. Analysts at several firms, including Susquehanna, Wells Fargo and Cantor, suggested the post-earnings drop may be a buying opportunity, citing progress in the company's cloud efforts... Fitness tracker maker Fitbit (FIT) surged nearly 50% in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, then opened at $30.40 per share, giving it a market value near $6.3B in early trading. Near noon, the stock had pulled back a bit to trade just below $30 per share. MAJOR MOVERS: Among the notable gainers was PBF Energy (PBF), which gained 18% after announcing that its subsidiary has signed a definitive agreement to purchase Chalmette Refining, a joint venture between affiliates of Petroleos de Venezuela and ExxonMobil (XOM). Also higher was BioMarin (BMRN), which rose 13% after the company reported results from a study of BMN-111 in dwarfism and several analysts hiked their price targets on the stock to reflect the increased probability of success for the drug. Among the noteworthy losers following their earnings reports were Bankrate (RATE), which fell 18%, and Jabil Circuit (JBL), which dropped 7%. INDEXES: Near midday, the Dow was up 218.44, or 1.22%, to 18,154.18, the Nasdaq was up 74.96, or 1.48%, to 5,139.84, and the S&P 500 was up 23.57, or 1.12%, to 2,124.01.
12:04 EDTORCLActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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11:31 EDTHUMOptions with increasing implied volatility
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09:35 EDTORCLActive equity options trading on open
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09:04 EDTORCLOn The Fly: Pre-market Movers
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08:19 EDTORCLOracle weakness a buying opportunity, says Susquehanna
Susquehanna said investors should be buying Oracle on weakness following its missed Q4 results. The firm cited its cloud revenue and bookings, which beat expectations, and the company's guidance for cloud revenue acceleration. Susquehanna reiterated its Positive rating and $50 price target on Oracle shares.
07:51 EDTHUMIncrease in 3R backstop most positive for Humana, says Leerink
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07:29 EDTORCLOracle cloud growth positive over the long-term, says Wells Fargo
After Oracle reported weaker than expected Q4 results, Wells Fargo says that the rapid growth in Oracle's cloud subscriptions is probably pressuring the company's financial results, but that the trend should ultimately improve its results over the longer term. The firm expects estimates for the company's performance over the next two years to be cut, but it keeps an Outperform rating on the shares.
07:05 EDTORCLOracle building strong growth foundation, says Cantor
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June 17, 2015
17:28 EDTORCLOracle says Cloud business outpacing competition
17:24 EDTORCLOracle sees becoming world's largest Enterprise Cloud company
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17:23 EDTORCLOracle sees Q1 adjusted Software, Cloud revenue up 6%-8%
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17:22 EDTORCLOracle sees Q1 SaaS, PaaS revenue growing 39%-43%
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17:21 EDTORCLOracle sees Q1 EPS in constant currency 56c-59c, consensus 61c
Sees Q1 constant currency revenue growth up 5%-8%, consensus $8.62B. Comments from Q4 earnings conference call.
16:35 EDTORCLOracle drops over 5% after reporting Q4 financial results
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16:13 EDTORCLOracle: Q4 SaaS and PaaS revenues grew at a 34% constant currency rate
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16:12 EDTORCLCrossroads Systems updates on patent litigation after Markman hearing
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16:10 EDTORCLOracle sees $1.5B-$2B new Saas, Paas business in fiscal year
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16:02 EDTORCLOracle reports Q4 EPS 78c, consensus 87c
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15:16 EDTORCLNotable companies reporting after market close
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15:16 EDTORCLOptions with increasing volume
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14:46 EDTORCLOracle June 45 straddle priced for 4.1% movement into Q4
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14:42 EDTORCLOption volume leaders
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13:50 EDTORCLOracle technical comments before earnings
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13:08 EDTORCLEarnings Watch: Analysts expect cloud to help Oracle beat 'modest' expectations
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13:00 EDTHUMHumana announces collaboration with American Diabetes Association
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11:08 EDTHUMOptions with increasing implied volatility
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07:48 EDTHUMHealth insurers seen consolidating from five to three in 'megadeals,' WSJ says
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07:42 EDTHUMAetna price target raised to $145 from $135 at Leerink
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06:04 EDTHUMHumana implied volatility of 49 at upper end of index
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