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Stock Market & Financial Investment News

News For ATVI;EA;GME;MSFT;SNE;NTDOY;THQI;ZNGA;COOL;TTWO;GLUU From The Last 14 Days
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January 27, 2015
16:04 EDTEAElectronic Arts trades higher after earnings
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16:03 EDTEAElectronic Arts sees FY15 EPS $2.35, consensus $2.09
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16:03 EDTEAElectronic Arts sees Q4 EPS 22c, consensus 26c
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16:02 EDTEAElectronic Arts reports Q3 EPS $1.22, consensus 92c
Reports Q3 net revenue $1.43B, consensus $1.29B.
15:35 EDTEANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
13:19 EDTSNESony to cut additional 1,000 employees in smartphone business, Nikkei says
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12:28 EDTMSFTOn The Fly: Midday Wrap
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11:14 EDTMSFTMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giant’s commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
10:00 EDTMSFTOn the Fly: Analyst Downgrade Summary
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09:36 EDTMSFTActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
09:17 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
08:20 EDTMSFTFCC to hold a conference
Small Business and Emerging Technologies Conference is being held at FCC Washington, D.C. with webcasted presentations to begin at 9 am. Webcast Link
07:13 EDTMSFTMicrosoft downgraded to Hold from Buy at MKM Partners
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07:03 EDTMSFTMicrosoft shares extend losses as downgrades pile up
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06:53 EDTMSFTMicrosoft downgraded to Sell from Neutral at Citigroup
Citigroup downgraded Microsoft to Sell with a $38 price target after the company's March outlook came in well below expectations. Citi says Microsoft's earnings headwinds are becoming more clear. The stock was also downgraded this morning at JPMorgan and Nomura.
06:47 EDTMSFTMicrosoft downgraded to Neutral from Buy at Nomura
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06:42 EDTMSFTMicrosoft cloud business performed well in Q2, says Piper Jaffray
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06:09 EDTMSFTMicrosoft guidance 'shockingly low,' says Jefferies
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05:44 EDTMSFTMicrosoft downgraded to Neutral from Overweight at JPMorgan
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January 26, 2015
18:28 EDTMSFTOn The Fly: After Hours Movers
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18:14 EDTMSFTMicrosoft sees Q3 Devices & Consumers, Other revenue approximately $2B
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18:04 EDTMSFTMicrosoft sees Q3 phone hardware revenue $1,4B-$1.5B
18:03 EDTMSFTMicrosoft sees Q3 computing and gaming revenue $1.5B-$1.7B
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18:02 EDTMSFTMicrosoft sees Q3 consumer licensing revenue $3.4B-$3.6B
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18:00 EDTMSFTMicrosoft anticipates lower gross margins over next few quarters
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17:57 EDTMSFTMicrosoft sees four point revenue impact from FX in Q3
17:46 EDTMSFTMicrosoft says results in China, Japan fell short of expectations in Q2
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17:36 EDTMSFTMicrosoft says Commercial Cloud run-rate $5.5B
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16:17 EDTMSFTMicrosoft shares drop 2% to $45.99 following Q2 results
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16:16 EDTMSFTMicrosoft reports Q2 Commercial revenue up 5% to $13.3B
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16:15 EDTMSFTMicrosoft reports Q2 Devices and Consumer revenue up 8% to $12.9B
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16:13 EDTMSFTMicrosoft expects to complete $40B share repurchase by end of 2016
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16:12 EDTMSFTMicrosoft says results include 6c of restructuring, IRS expenses
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16:11 EDTMSFTMicrosoft reports Q2 EPS 71c, consensus 71c
Reports Q2 revenue $26.5B, consensus $26.33B.
16:01 EDTMSFTOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
15:32 EDTMSFTMicrosoft January weekly 47 straddle priced for 3.7% movement into Q2
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15:30 EDTMSFTNotable companies reporting after market close
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14:10 EDTMSFTEarnings Preview: Analysts' opinions on Microsoft divided
Microsoft (MSFT) is scheduled to report results of its second quarter of fiscal year 2015 after the market close on Monday, January 26, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Windows smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $26.33B, according to First Call. The consensus range for EPS is 65c-81c on revenue of $25.87B-$27.52B. On its last earnings call, Microsoft said it sees Q2 licensing revenue of $4B-$4.2B, computers and gaming revenue of $3.5B-$3.8B, phone hardware revenue of $2B-$2.2B, device and consumer other revenue of $2.3B-$2.4B, commercial licensing revenue of $10.8-$11B and commercial other revenue of $2.5B-$2.6B. Microsoft noted that it expects a quarter-over-quarter decline in its non-commercial segment in Q2. LAST QUARTER: On October 23, Microsoft reported first quarter EPS of 54c, beating the consensus analyst forecast of 49c. It's revenue came in at $23.2B, topping the consensus estimate of $22.02B. Microsoft said its Q1 financial results include $1.14B of integration and restructuring expenses, or an 11c per share negative impact, related to both Microsoft’s restructuring plan announced in July and the ongoing integration of the Nokia Devices and Services business. Microsoft reported that its Q1 Devices and Consumer revenue grew 47% to $10.96B and that its Commercial revenue grew 10% to $12.28B. NEWS: On November 4, Dropbox and Microsoft announced a partnership, with the two companies teaming up to integrate their services for collaboration across Dropbox and Microsoft Office on phones, tablets and the web. On December 4, Barnes & Noble (BKS) announced that it would buy Microsoft's entire stake in the book retailer's NOOK Media subsidiary for about $62.5M in cash and 2.74M Barnes & Noble shares. Barnes & Noble said it was buying back the stake to facilitate the spin off of the NOOK business. On January 21, Microsoft announced at its Windows 10 event that Windows 8 and Windows 7 customers will get free upgrades to Windows 10. The company also said that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, making the virtual assistant available across smartphones, PCs and tablets. STREET RESEARCH: On the day after the company's last quarterly report, Credit Suisse said Microsoft reported strong hardware revenue outperformance combined with cost controls and cloud businesses momentum. The firm raised its price target on the stock to $55 from $50 and said it believed the company can return to double-digit EPS growth. On November 20, Jefferies initiated shares of Microsoft with an Underperform rating, saying the "new" Microsoft will look very much like the "old" Microsoft for some time. The firm attributed a rally in shares over the past year to optimism around new management, but it thinks the tech giant's fundamentals remain challenged despite its focus on cloud and mobile given its dependency on the PC market. Jefferies put a $40 price target on the stock at that time. In early December, JPMorgan started shares of Microsoft with an Overweight rating, saying the company has the strongest cloud platform among enterprise IT mega vendors. The firm set a $53 price target for the stock. Less than two weeks later, Piper Jaffray also began coverage on shares of Microsoft with an Overweight rating, saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. However, on December 16, BofA Merrill Lynch downgraded Microsoft to Underperform from Neutral. The firm downgraded shares based on elevated valuation and reduced visibility. BofA/Merrill has concerns of a slowing Win Pro cycle, the Consumer 365 transition, and challenging gross margins. BofA had a price target of $47 on Microsoft. PRICE ACTION: Over the last three months, Microsoft shares are up about 1%. In afternoon trading ahead of tonight's report, Microsoft is down almost 1% to trade near $46.74 per share.
13:36 EDTMSFTMicrosoft technical notes before earnings
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10:00 EDTEAOn The Fly: Analyst Downgrade Summary
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09:44 EDTMSFTInterDigital announces commencement of ITC evidentiary hearing in Microsoft case
InterDigital (IDCC) announced the commencement of the evidentiary hearing in the remand of U.S. International Trade Commission "613 Investigation" of the company's complaint against respondents Nokia Corporation, Nokia Inc. and Microsoft (MSFT). In the 613 Investigation, InterDigital seeks an exclusion order prohibiting the importation into the U.S. of Nokia and Microsoft Mobile devices with 3G WCDMA capabilities that infringe two InterDigital patents. The 613 Investigation was remanded to the ITC from the U.S. Court of Appeals for the Federal Circuit, which held that the Commission had erred in interpreting certain claim terms in InterDigital's patents.
08:53 EDTTTWOTake-Two named a high conviction idea for 2015 at MKM Partners
MKM Partners named Take Two a high conviction idea for 2015. The firm is positive on Take Two's potential for FY15 EPS upside, growing cash balances, sustained long-term profitability and sizable share repurchases. The firm rates shares a Buy with a $35 price target, up from $30.
08:06 EDTEAElectronic Arts upside harder to justify, says Brean Capital
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07:23 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
Microsoft January weekly call option implied volatility is at 34, February is at 23, March is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results today after the market close.
06:58 EDTEAElectronic Arts downgraded to Buy from Strong Buy at Needham
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January 23, 2015
15:27 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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11:58 EDTMSFTMicrosoft to acquire Revolution Analytics to aid customers with data analysis
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10:07 EDTSNEHigh option volume stocks
High option volume stocks: CE TSM RYAM NOC SNE FXCM LBTYA TKMR LF STT
08:11 EDTMSFTMicrosoft reveals smartphone-controlled "smart scarf," Business Insider says
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08:07 EDTMSFTU.S. tech giants nervous about backlash in Europe, WSJ says
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06:17 EDTSNESony to delay earnings report due to last year's cyberattack
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06:03 EDTCOOLMark Groussman reports 5.41% passive stake in Majesco
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06:00 EDTMSFTWindows 10 unlikely to bring dramatic changes to mobile market, DigiTimes says
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January 22, 2015
14:26 EDTMSFTTwitter introduces Tweet translation with Bing Translator
Twitter (TWTR) announced that the company has partnered with Bing Translator (MSFT) to provide machine translations of Tweets between more than 40 language pairs. Tweet translation is available on twitter.com, Twitter for iOS, Twitter for Android, and TweetDeck, according to the company's support page about the new feature. Reference Link
12:37 EDTMSFTMicrosoft volatility into Q2 and outlook
Microsoft January weekly call option implied volatility is at 30, February is at 23, March is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 26.
08:01 EDTMSFTSeagate expands collaboration with Super Micro Computer
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06:54 EDTSNESony sees mobile success in Middle East and Africa, WSJ says
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06:03 EDTMSFTMicrosoft Windows 10 not a 'material' catalyst, says Jefferies
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January 21, 2015
15:18 EDTMSFTMicrosoft unveils holographic goggle prototype, Wired reports
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12:31 EDTMSFTMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:22 EDTMSFTMicrosoft says Windows 8, Windows 7 customers to get free upgrade to Windows 10
This comment was made at the Microsoft Windows 10 Briefing. Reference Link
10:47 EDTGMEOptions with decreasing implied volatility
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10:06 EDTMSFTMicrosoft set to test key support, levels to watch
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08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
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06:36 EDTSNESony's 'The Interview' nets $40M in online and TV sales, Re/code says
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06:35 EDTSNESony planning to reduce headcount in Japan by 1,500, Variety reports
According to media reports in Japan, Variety reports that Sony is planning to reduce its headcount in various divisions in Japan by about 1,500 by the end of FY14 through early retirement programs. The process, which began last August, involved Sony's corporate planning and finance departments, but has now been expanded to include corporate headquarters staff. Reference Link
January 20, 2015
18:38 EDTSNESony probed Indian operations for corruption, Bloomberg reports
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11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
10:20 EDTGMEOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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January 16, 2015
10:01 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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09:47 EDTSNE, MSFTPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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09:12 EDTATVIOn The Fly: Pre-market Movers
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08:03 EDTATVIActivision says Call of Duty: Advanced Warffare was top-selling console game
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06:08 EDTSNESony may look to sell handset business, DigiTimes reports
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05:52 EDTNTDOYNintendo upgraded to Hold from Underperform at Jefferies
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05:45 EDTATVI, TTWO, EA, GMEDecember NPD video game software sales dropped 2%, says Piper Jaffray
Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
January 15, 2015
19:46 EDTSNE, MSFTMicrosoft's Xbox wins holiday retail fight against PS4, Re/code reports
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16:17 EDTGMEGameStop names Tony Bartel COO
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15:13 EDTMSFTQihoo 360, Microsoft announce advertising alliance in China, TechWeb says
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10:19 EDTGMEOptions with decreasing implied volatility
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07:52 EDTSNE'Avatar' sequel pushed back to 2017, AP says
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07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:27 EDTMSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
16:33 EDTGMEOn The Fly: Closing Wrap
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10:21 EDTGMEOptions with decreasing implied volatility
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10:00 EDTGMEOn The Fly: Analyst Upgrade Summary
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09:16 EDTGMEOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
07:58 EDTSNEQuantum Dot bumps OLED at cutting edge of TV tech, WSJ says
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07:47 EDTGMEGameStop new software sales promising, says SunTrust
After GameStop reported roughly in-line holiday SSS but said that its new software sales had risen 6%, the firm thinks the overall holiday data bodes well for the company's Q4 results. The firm keeps a Buy rating on the shares.
07:23 EDTGMEGameStop looks to be capitalizing on new products, says Oppenheimer
After GameStop reported that its total holiday SSS fell 3.1% but reiterated its previous Q4 EPS guidance, Oppenheimer says the company looks to be capitalizing on new products, while the short thesis on the stock was "somewhat" undermined by the company's report. The firm says the company is not yet out of the woods, but keeps an Outperform rating on the shares.
06:38 EDTGMEGameStop upgraded to Outperform from Underperform at Pacific Crest
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06:14 EDTMSFTMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
18:37 EDTGMEOn The Fly: After Hours Movers
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18:24 EDTGMEGameStop now sees FY14 SSS up 3% to up 4%
18:24 EDTGMEGameStop now sees Q4 SSS down 2.5% to down 1%
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16:18 EDTGMEGameStop trades up after hours, levels to watch
Shares are up over 6.8% to $35 in the extended session. At that price resistance is at the after hours high at $36 and then at $37.20. Support is at $34.88.
16:14 EDTGMEGameStop up 9.3% after reporting holiday SSS, backing Q4, FY14 EPS guidance
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16:13 EDTGMEGameStop backs FY14 EPS view of $3.40-$3.55, consensus $3.49
16:13 EDTGMEGameStop backs Q4 EPS view of $2.08-$2.24, consensus $2.16
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16:12 EDTGMEGameStop reports total holiday SSS down 3.1%
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11:57 EDTMSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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10:27 EDTZNGAStocks with call strike movement; RIG NBR
Transocean (RIG) May 19 call option implied volatility decreased 3% to 72, Nabors Industries (NBR) June 13 call option implied volatility increased 2% to 69 according to IVolatility.
07:10 EDTSNESony considering options for TV, phone operations, Reuters reports
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06:18 EDTZNGASilicon Valley shuttle drivers looking to unionize, USA Today reports
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