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Stock Market & Financial Investment News

News Breaks
March 27, 2014
14:27 EDTFB, BBRY, MSFT, FRFHFEarnings Preview: BlackBerry shares up sharply since Q3 report
BlackBerry (BBRY) is scheduled to report fourth quarter earnings on Friday, March 28, with a conference call scheduled for 8:00 am ET. BlackBerry is a wireless solutions provider that manufactures the BlackBerry smartphone and operating system. EXPECTATIONS: Analysts are looking for EPS of (57c) on revenue of $1.11B, according to First Call. The consensus range for EPS is ($1.04)-(25c) on revenue of $860M-$1.79B. LAST QUARTER: BlackBerry reported Q3 adjusted EPS of (67c) against estimates for (45c) on revenue of $1.19B against estimates for $1.59B. The company announced non-cash pre-tax charges of $4.6B for the quarter, associated with assets, inventory and supply commitments, and previously announced restructuring and strategic review actions. In January, the company announced that Fairfax Financial (FRFHF) agreed to buy an additional $250M worth of debt in the company in addition to the $1B Fairfax purchased in November. Also in January, the company announced it would divest the majority of its Canadian real estate holdings, and earlier this month the company confirmed the plans. In February, BlackBerry announced plans to bring its mobile messaging service, BBM, to Microsoft (MSFT) Windows Phone and Nokia X customers. The company also announced plans to launch new enterprise products, which are expected to be available by year-end. Earlier today, the company announced that it received “Full Operational Capacity” from the U.S. DoD. COMPANY NEWS: In January, Citron Research, which typically issues short theses on stocks, said it was long shares of BlackBerry and put a “minimum” price target on shares of $15. In mid-February, BlackBerry shares gained about 3% after noted investor Dan Loeb’s Third Point reported in its latest 13F filing with the SEC that it had taken a new 10M share stake in the handset maker. Following Facebook’s (FB) announcement that it would acquire messaging application WhatsApp for $16B, shares of BlackBerry advanced nearly 4% as investors speculated on the potential value of the company’s BBM messaging service following the deal. STREET RESEARCH: Analyst commentary on BlackBerry was mixed during the quarter, with the most recent rating change on shares coming from Societe Generale, which cut its rating on the stock to Sell from Hold. Earlier this week, Citigroup raised its price target on shares to $8 from $4, but maintained its Sell rating on shares. Earlier this month, CLSA raised its rating on BlackBerry to Underperform from Sell while raising its price target on the stock to $9.50 from $6. Other notable rating actions on BlackBerry shares during the quarter include a January upgrade to Sector Perform from Underperform at RBC Capital, and a January downgrade to Underperform from Perform at Oppenheimer. PRICE ACTION: On the first day of trade following its Q3 report, shares of BlackBerry gained 97c, or 15.52%, to close at $7.22. Since the first day of trade following its Q3 report, shares of BlackBerry have gained more than 45%, but for the 52-week period ended with yesterday’s trade, BlackBerry is still down more than 35%. In afternoon trade ahead of tomorrow’s Q4 report, BlackBerry is down over 3%.
News For BBRY;FRFHF;MSFT;FB From The Last 14 Days
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August 21, 2015
16:01 EDTFBOptions Update; August 21, 2015
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13:50 EDTFBOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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12:18 EDTMSFTMicrosoft to cut up to 2,300 jobs in Finland, Reuters reports
Microsoft (MSFT) will cut up to 2,300 jobs in Finland and close Nokia's (NOK) former handset product development unit in Salo, Reuters reports. The cuts are part of Microsoft's plans to cut 7,800 jobs globally. Microsoft will keep open sites in Espoo and Tampere. Reference Link
12:14 EDTFBStocks with call strike movement; FB NFLX
Facebook (FB) November 110 call option implied volatility increased 8% to 38, Netflix (NFLX) December 130 call option implied volatility increased 4% to 54 according to iVolatility.
11:12 EDTFBQualcomm reportedly to enter consumer drone market
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10:43 EDTFBFacebook falls, breaks support at $90
The stock was last at $87.36, down over 3.4%. Support at the $90 level has been broken as well as the 50-day moving average at $90.52, which was uptrend support. At current price next support is at $86. Resistance is at $90.
10:37 EDTMSFTAnalysts upbeat on HP ahead of split after earnings beat
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09:34 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
06:01 EDTMSFTABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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06:01 EDTMSFTInterDigital sued by Microsoft for violating antitrust law, Reuters reports
Microsoft (MSFT) has filed a lawsuit against InterDigital (IDCC), accusing the company of violating U.S. antitrust law by unfairly licensing its technology, Reuters reports. The suit, filed in federal court in Wilmington, Delaware, is the latest move in the companies' fight over patent licensing. The ITC is set to rule this month on whether Microsoft's smartphones infringe two of InterDigital patents and should be banned from being imported into the U.S. Reference Link
05:47 EDTFBStocks with implied volatility movement; NFLX FB
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August 20, 2015
19:35 EDTFBGoogle tests video ads in search results, Digiday says
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16:00 EDTFBOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:56 EDTFBSmall drones bringing air traffic problems in U.S., Washington Post reports
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12:32 EDTMSFTEarnings Watch: Salesforce shares up fractionally since last earnings report
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11:16 EDTFBStocks with call strike movement; FB NFLX
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10:32 EDTFBFacebook August calls active
Facebook August 94 & 95 calls are active on total call volume of 84K contracts (36K puts). August call option implied volatility is at 41, August weekly is at 33, September is at 30; compared to its 52-week range of 20 to 48. Active call volume suggests traders taking positions for upside price movement.
09:36 EDTFBActive equity options trading on open
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08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
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