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Stock Market & Financial Investment News

News Breaks
December 3, 2012
06:57 EDTINTC, FIRE, IBM, CHKP, SYMCWhite 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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December 19, 2014
07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
10:19 EDTCHKPSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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December 17, 2014
16:03 EDTIBMIBM adds Cloud Centers in Europe, Asia and the Americas
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15:12 EDTIBMIBM, Lufthansa get approval for IT services deal from EU Commission
The European Commission has approved under the EU Merger Regulation the acquisition of parts of Lufthansa Systems Aktiengesellschaft of Germany, a subsidiary of Deutsche Lufthansa (DLAKY), by a subsidiary of International Business Machines (IBM). The Lufthansa business to be acquired by IBM Central Holding provides certain IT services to the Lufthansa group. The European Commission concluded that the proposed acquisition would not raise competition concerns given the very limited overlaps between the parties' activities and the presence of several strong alternative players that would remain active after the merger.
10:02 EDTSYMCOn The Fly: Analyst Downgrade Summary
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10:02 EDTCHKPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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06:51 EDTCHKPCheck Point upgraded to Buy from Hold at Deutsche Bank
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05:40 EDTSYMCSymantec downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Symantec to Market Perform citing valuation as it believes upside from the company's business split is largely reflected in shares at current levels.
December 16, 2014
11:31 EDTINTC, IBMRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
09:03 EDTIBMBernstein U.S. IT hardware analyst holds an analyst/industry conference call
U.S. IT Hardware Analyst Sacconaghi discusses the key drivers of IBM's financial model and provides an analyst's perspective on the stock on an Analyst/Industry conference call to be held on December 19 at 11 am.
December 15, 2014
05:55 EDTIBMStocks with implied volatility movement; IBM XOM
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December 12, 2014
09:08 EDTIBMHatch to look to push tech worker bill, Reuters reports
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December 10, 2014
08:36 EDTIBMApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:16 EDTIBMBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link

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