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News For BAC;CLF;C;DELL;AMZN;INTC;HPQ From The Last 14 Days
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October 12, 2015
07:56 EDTHPQAnalysts predict next dominos to fall in wake of EMC deal
With Dell confirming this morning that it has struck a deal to acquire EMC (EMC), while maintaining VMware (VMW) as a publicly-traded company, analysts have been weighing in on what they see as the next potential deals in the space in the wake of the giant tech transaction. POTENTIAL TARGETS: Baird analyst Jayson Noland upgraded NetApp (NTAP) to Outperform, saying an attractive situation is lined up for the company amid low investor sentiment and industry consolidation. NetApp could be viewed as a key asset with EMC and Dell merging and Juniper (JNPR) reportedly hiring bankers to sell the company, Noland told investors in a research note. Further, field work indicates NetApp is viewed as the number two best positioned legacy storage provider behind EMC, said Noland, who raised his price target for NetApp shares to $40 from $35. Meanwhile, Oppenheimer's Ittai Kidron says that Citrix (CTXS) could be pressured to consider strategic alternatives, including a sale of the company, in the wake of Dell's acquisition of EMC. POTENTIAL BUYERS: With Dell acquiring EMC, Cisco (CSCO) will likely need to acquire either a Hybrid storage or All Flash Array asset, Summit Research analyst Srini Nandury told investors in a research note. Tintri, Tegile and Nimble Storage (NMBL) are the most likely candidates for Cisco, the analyst argues. It is also possible that Cisco might look to acquire NetApp, but the tech giant would likely be reluctant to spend the $10B needed to do the deal for an asset that is "past its prime," Nandury contends. The analyst thinks Nimble would make most sense for Cisco given the company's momentum and solid execution. GO-SHOP: EMC CEO Joseph Tucci confirmed while speaking on CNBC that the company's deal with Dell does include a "go-shop" clause, as indicated in prior media reports. Sources have told Reuters that IBM (IBM), HP (HPQ) and Cisco could be potential suitors for EMC, but the chances of a rival offer "are slim." PRICE ACTION: In pre-market trading following the deal announcement, EMC shares rose about 5% to $29.34, while VMware fell 2.8% to $76.50. Cisco, meanwhile, slipped fractionally to $27.85. Citrix closed Friday up 2% at just above $76 per share, while NetApp added 2.8% Friday to close at $33.16.
07:41 EDTINTCIntel Q3 results should beat expectations, says Pacific Crest
Pacific Crest continues to believe that Intel is benefiting from PC component restocking and reaccelerating data center orders. The firm notes that it is believed that the Q3 shipments of motherboard manufacturers rose 15%-20% in Q3 versus Q2. It expects Intel to report better than expected Q3 results and provide in-line Q4 guidance. It keeps a $35 price target and Overweight rating on the shares and recommends buying the stock.
07:23 EDTHPQNimble Storage a likely winner from EMC deal, says Oppenheimer
Oppenheimer says that Dell's acquisition of EMC (EMC) will create additional growth, partnering and hiring opportunities for Nimble Storage (NMBL). The firm thinks that Nimble could partner with or be acquired by Cisco (CSCO), NetApp (NTAP), HP Enterprise (HPQ) and others in the wake of the deal.
06:13 EDTHPQEMC plans to shop itself after Dell deal, Reuters reports
EMC (EMC) has asked that a "go shop" provision be added to the reported merger deal with Dell, sources tell Reuters. The sources say IBM (IBM), HP (HPQ) and Cisco (CSCO) could be potential suitors for EMC, but the chances of a rival offer "are slim." Reference Link
05:08 EDTCLFStocks with implied volatility movement; CLF IP
Stocks with implied volatility movement; Cliffs Natural (CLF) 118, International Paper (IP) 31 according to iVolatility.
October 11, 2015
12:46 EDTINTCMicron shares could rally 60% to $30 in one year, Barron's says
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October 9, 2015
17:16 EDTCMonsanto announces new $3B accelerated share repurchase plan
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16:32 EDTINTCOn The Fly: Top stock stories for Friday
Stocks on Wall Street finished the session higher, with the Nasdaq, Dow and the S&P 500 finishing higher than Thursday's closing level. Despite the lackluster trading in the last day of the week, the averages enjoyed one of their best weekly performances of the year. Still, investors remain cautious on the upcoming earnings season, and that caution was not dispelled by the worse than expected report from Alcoa (AA) last night. Next week's earnings calendar is dominated by banking and insurance, but at the same time earnings will also be reported by high-fliers such as Netflix (NFLX) and old line tech such as Intel (INTC). ECONOMIC EVENTS: In the U.S., import prices slid 0.1% in September, while export prices declined 0.7%. Wholesale inventories edged up 0.1% in August, while sales fell 1.0%. COMPANY NEWS: Shares of Alcoa declined 76c, or 6.86%, to $10.26 after it unofficially kicked off the earnings season by reporting lower than expected revenue and profits... Shares of Tesla (TSLA) fell $6.04, or 2.67%, to $220.68 after Barclays analyst Brian Johnson downgraded the stock to Underweight, his firm's equivalent of a sell rating, saying it may be "challenged in the months ahead" with negative data points emerging. The analyst, who believes the "slow" Model X ramp supports his view that Tesla will "significantly miss" its 2015 delivery guidance, cut his price target for the electric car maker's shares to $180 from $190. MAJOR MOVERS: Among the notable gainers was SolarWinds (SWI), which gained $5.61, or 13.4% , to $47.49 after the company confirmed a Reuters report that it has commenced a review of its strategic alternatives. According to the news service, the company has already held talks with several private equity firms about a potential leveraged buyout. Also higher were shares of two major airlines, American Airlines (AAL) and United Continental (UAL), which rose 6.74% and 6.67% after reporting on their September traffic. American said its traffic rose 7.2% in September, while United reported that its traffic increased 1.4% last month. Among the noteworthy losers was Ruby Tuesday (RT), which fell 80c, or 12.12%, to $5.80 after the casual dining restaurant operator reported lower than quarterly sales and profits. Also lower was GAP (GPS), which sunk to a fresh 52-week low of $26.50 during the session after reporting last night that its comparable store sales were down 1% in September. Shares of the apparel retailer, which owns its namesake brand as well as Old Navy and Banana Republic, closed the day down $1.53, or 5.3%, at $27.42. INDEXES: The Dow rose 33.74, or 0.2%, to 17,084.49, the Nasdaq gained 19.68, or 0.4%, to 4,830.47, and the S&P 500 rose 1.46, or 0.07%, to 2,014.89.
14:12 EDTINTCOn The Fly: Weekly technical notes ahead of earnings from financials, Netflix
The S&P 500 (SPX) has staged a strong comeback, which appears to have been triggered technically by a move above 1950 last Friday. This level has been a relative constant in recent months as both support and resistance. The reason for that becomes clear when one looks at the traverse over the last month from high to low, and again the bounce to current highs. The high of what for now is the new range is at 2020 and the low is at 1870. The 1945 level becomes the midpoint, with moves above it signaling runs to the top of the range as favorable. Equally, moves below 1945 have seen the opposite reaction. The bulk of the rally in the last week has been provided by very strong snap-backs in Energy (XLE) and Materials (XLB), with the Financials (XLF) holding their own as well. Weakness has been seen in Technology (XLK) and Health Care (XLV), with the latter previously having been the index leader. Emerging Markets also gained traction, with China playing catch-up after a week of market closure. These recoveries have done much to improve bullish sentiment. Given the fundamental backdrop, it isn't clear how much further Energy and Materials can go on the upside. But we will have a real test in the coming week as to the disposition of the Financials, as the earnings calendar is dominated by banking and insurance. If earnings and outlooks are strong for the sector, we could see a breakout which could, all other sectors remaining roughly where they are today, result in a test of what had previously been support in the S&P 500 at 2050. Any move above that level could see buyers coming back in for fear of missing a larger potential move. At the same time that the Financials will be reporting, earnings will also be reported by high-fliers such as Netflix (NFLX) and old line tech such as Intel (INTC). We have seen some rather severe downside reactions in names that have disappointed in the past week. Should either of those names slip substantially, the chances of a sustainable broader rally would diminish. The calendar is packed extra-full next week, given the absence of names reporting on Monday, with a very back-end loaded week. That puts the risk now squarely on the bulls. The 50-day moving average for the index needs to be watched as a resumption below it would put the chances of a larger recovery in doubt. The 50-day was last at 1992.68.
10:07 EDTINTCEU set to approve Intel offer for Altera without concessions, Reuters says
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10:01 EDTINTCEU set to approve Intel offer for Altera without concessions, Reuters says
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09:36 EDTBACActive equity options trading on open
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08:07 EDTBACBank of America October volatility elevated into Q3 and outlook
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07:27 outlook positive, says Oppenheimer
Oppenheimer believes that Amazon dropped 2% yesterday due to ChannelAdvisor monthly data which showed that the company's same-store sales growth decelerated last month. However, the firm says the data is inaccurate, as it is based only on GMV. Moreover, after attending the AWS event and conducting checks, Oppenheimer believes that the company is "by far" the leader in the cloud revolution. It thinks that Amazon is an "outstanding" innovator, and reiterates an Outperform rating.
06:58 EDTAMZNAmazon Fire TV out of stock, poorly reviewed, soon after launch, NY Post says
Just three days after its initial launch, Amazon's (AMZN) Fire TV is out of stock until the end of the month and the majority of the reviews posted so far on Amazon's own site about the TV streaming device have been negative, according to the New York Post. The bumpy start does not bode well given fiercely competitive market, with Roku and Apple TV (AAPL) also competing for holiday shoppers' dollars. Reference Link
06:31 EDTINTCPiper positive on Intel shares into Q3 earnings report
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05:20 EDTAMZNPhilips strengthens collaboration with Amazon Web Services
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October 8, 2015
16:55 EDTHPQGartner says worldwide PC shipments declined 7.7% in Q3
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16:06 EDTHPQHewlett Packard Enterprise Form 10 declared effective
Hewlett-Packard announced that the SEC has declared effective the Registration Statement on Form 10 filed by Hewlett Packard Enterprise in connection with the separation of HP into two companies: Hewlett Packard Enterprise and HP Inc. The effectiveness of the Form 10 is one of the final important steps towards completing the separation, which is expected to occur on November 1.
16:02 EDTAMZN, BAC, INTCOptions Update; October 8, 2015
iPath S&P 500 VIX Short-Term Futures down 1.04 to 21.22. Option volume leaders: AAPL NFLX FB TWTR BAC EMC TSLA GE HUN FCX P BABA AA INTC AMZN GPRO
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