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Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:25 EDTCA, BMC, CTXS, MDR, HSII, KFY, PSO, HPQ, CAM, WFT, BHIHMG Strategy to hold a summit
2014 Houston CIO Executive Leadership Summit is being held in Houston, Texas on March 5.
News For CA;WFT;CAM;HPQ;PSO;KFY;HSII;MDR;CTXS;BMC;BHI From The Last 14 Days
Check below for free stories on CA;WFT;CAM;HPQ;PSO;KFY;HSII;MDR;CTXS;BMC;BHI the last two weeks.
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August 20, 2014
16:01 EDTHPQOptions Update; August 20, 2014
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15:56 EDTHPQHewlett-Packard August weekly 35 straddle priced for 4.3% move into Q3
15:26 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
13:42 EDTHPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
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11:54 EDTHPQHP technical comments before earnings
In the prior three months the shares have outperformed the broader averages, rising by more than 8%. The trend has had a decidedly bullish slant, with $36 at the high and $33 at the low. These bounds give us some guidance as to how price might behave depending on earnings and guidance. A breakout above $36 and notably the 52-week high at $36.21, would appear very probable if the news is better than already high expectations. Next major resistance would be at $38, a level not seen since early 2011. An extreme upside reaction could push the stock to $40.34. Given the strong bullish sentiment in the name, the risk may be more to the downside on a disappointment. The key level to watch on the downside if news or guidance is worse than expected is at the 50-day moving average, last at $34.57. A breakdown below the 50-day would break the intermediate-term uptrend and that would have bearish implications for future price. The $33 level would become the next important zone following such a break. A snap below $33 on an extreme disappointment would see $31.48 as next support.
08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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August 19, 2014
11:05 EDTHPQImperva seen as takeover candidate under new CEO
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08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTHPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 18, 2014
13:12 EDTHPQMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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12:19 EDTCAMIngersoll-Rand rises after agreeing to buy Cameron unit for $850M
Shares of Ingersoll-Rand (IR), which makes heating and air conditioning systems, are up after it announced an agreement to acquire the assets of Cameron International Corporation's (CAM) Centrifugal Compression division for $850M. WHAT'S NEW: Ingersoll-Rand this morning entered into an agreement to acquire Cameron's Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval. The Cameron unit generated sales of approximately $400M in 2013, has approximately 850 employees and operates from 12 global locations. The results of operations of the Centrifugal Compression business will be reported as discontinued operations for Cameron beginning in the third quarter. Ingersoll Rand plans to fund the acquisition through a combination of cash on hand and debt. WHAT'S NOTABLE: Ingersoll-Rand said it expects the acquisition to be accretive to EBITDA margins, EPS, and ROIC in 2015 and beyond. The company expects the acquisition to add 8c-10c per share to its earnings in 2015. The company anticipates moderate incremental debt, supported by additional earnings from Cameron and core earnings growth. Ingersoll adds that it foresees refinancing of $500M of 2015 debt, and continues to expect a 2014 share repurchase of $1.38B. Cameron said it is selling the unit to focus on its core markets. The company expects after-tax proceeds of about $600M from the sale, part of which it planned to use to support share buybacks. ANALYST REACTION: Following the announcement, Wells Fargo analysts estimated that the acquisition will be approximately 10c-15c accretive excluding impact from synergies and approximately 20c-25c with anticipated synergies. PRICE ACTION: Ingersoll-Rand jumped $1.49, or 2.46%, to $62.03 in intra-day trading, while Cameron is trading down 0.6% to $72.21.
10:01 EDTHPQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
07:41 EDTHPQHP upgraded to Buy from Neutral at Monness Crespi
07:39 EDTHPQHP remains a top pick ahead of Q3 results at Deutsche Bank
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06:33 EDTCAMIngersoll-Rand to host conference call
Conference call to discuss agreement to acquire Cameron International Corporationís centrifugal compression division will be held on August 18 at 9:30 am. Webcast Link
06:32 EDTCAMCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
Cameron (CAM) has announced that it has entered into a definitive agreement to sell its Centrifugal Compression business to Ingersoll Rand (IR) for cash consideration of approximately $850M, subject to closing adjustments. The decision to divest the Centrifugal Compression division was made after a careful review of Cameron's long-term business strategy to increase its focus on its core markets. The company's goal has been to identify a buyer that is more closely aligned with Centrifugal Compression's broad and global markets. Cameron expects to complete the sale of its Centrifugal Compression business prior to year end, subject to regulatory approval. The company estimates after tax proceeds from the sale to be approximately $600 million, and expects the net proceeds to support stock repurchases. In 2013, the Centrifugal Compression division had revenues of $396M. The results of operations of the Centrifugal Compression business will be reported as discontinued operations beginning in Q3.
06:31 EDTCAMCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
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06:27 EDTCAMIngersoll Rand to acquire Cameron's centrifugal compressional division for $850M
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August 15, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count up 5 to 1913 rigs
Baker Hughes announced that the U.S. Rig Count is up 5 rigs from last week to 1913, with oil rigs up 1 to 1589, gas rigs up 5 to 321, and miscellaneous rigs down 1 to 3. Says the U.S. Rig Count is up 122 rigs from last year at 1791, with oil rigs up 192, gas rigs down 67, and miscellaneous rigs down 3. The U.S. Offshore rig count is 62, unchanged from last week, and unchanged year over year.
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