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Stock Market & Financial Investment News

News Breaks
December 3, 2012
06:57 EDTIBM, CHKP, SYMC, INTC, FIREWhite House altered pending cybersecurity order, The Hill says
The White House has made changes to an executive order on cybersecurity that it's preparing to issue, The Hill reported on Friday night. In an attempt to mitigate concerns raised by the tech industry, the executive order now states that it does not endorse one security technology over another, and says that no commercial IT products should be identified as criticial infrastructure "at greatest risk" for an attack, the website explained. Reference Link
News For CHKP;FIRE;SYMC;IBM;INTC From The Last 14 Days
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July 23, 2015
11:32 EDTSYMCIT security stocks climb after Fortinet, F5 beat expectations
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06:22 EDTINTCIntel to release notebook Skylake processor in October, DigiTimes reports
Intel is expected to release its upcoming notebook Skylake processor in October, reports DigiTimes. The company is planning to launch a total of 18 notebook Skylake processors in Q4 as it looks to help boost notebook demand. The company is adjusting their schedules for Skylake products to minimize the impact of inventory issues. Reference Link
July 22, 2015
14:51 EDTINTCEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
10:10 EDTCHKPHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
09:07 EDTCHKPOn The Fly: Pre-market Movers
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09:03 EDTCHKPCheck Point says need to consolidate security vendors 'very high'
08:46 EDTCHKPCheck Point sees Q3 adjusted EPS 92c-$1.02, consensus 97c
Sees Q3 revenue $392M-$410M, consensus $403.08M. Guidance provided during Q2 earnings conference call.
06:15 EDTINTCGoogle's updated Glass to be foldable, more weather-resistant, 9to5Google says
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05:27 EDTCHKPCheck Point reports Q2 EPS 99c, consensus 95c
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July 21, 2015
17:25 EDTIBMApple says 'seeing great momentum' in enterprise market
Says happy with progress with IBM (IBM) partnership. Says Apps store revenue more than doubled in China. Says Watch sales offset iPod sales decline. Says will not release Watch sales results. Comments from Q3 earnings conference call.
16:28 EDTIBMOn The Fly: Top stock stories for Tuesday
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16:01 EDTIBMOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:02 EDTCHKPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
15:01 EDTCHKPCheck Point technical notes ahead of earnings news
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12:21 EDTIBMOn The Fly: Top stock stories at midday
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09:35 EDTIBMActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
09:21 EDTIBMOn The Fly: Pre-market Movers
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08:48 EDTIBMMajesco extends cloud platform for insurance software on IBM's SoftLayerIBM
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07:38 EDTIBMIBM risk/reward positive, says Stifel
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06:07 EDTSYMCONUG: Yahoo hires VP of global network from Symantec
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