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Stock Market & Financial Investment News

News For SKUL;STX;CLWR;ONE;AZZ;DISH;APOL;STZ;S;HA From The Last 14 Days
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July 30, 2015
15:04 EDTSTXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.11... Chevron (CVX), consensus $1.16... Seagate Technology (STX), consensus 64c... Tyco (TYC), consensus 56c... Newell Rubbermaid (NWL), consensus 62c... LifePoint Health (LPNT), consensus 99c.
08:42 EDTSTXSeagate July weekly volatility increases into Q4 and outlook
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06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
14:12 EDTSTXEarnings Watch: Hard drive makers report amid PC sector fears
Western Digital (WDC) and Seagate (STX) are expected to report quarterly results on July 29 and 31 with conference calls scheduled for 5:00 pm ET and 9:00 am ET, respectively. The two companies develop and manufacture computer storage solutions, including hard disk drives. EXPECTATIONS: Analysts are expecting Western Digital to report earnings per share of $1.45 on revenue of $3.25B, while Seagate is expected to report earnings per share of 64c on revenue of $2.92B. During its last earnings conference call, Western noted a "cautious" near-term outlook and forecast Q4 EPS to be $1.50-$1.60 on revenue of $3.3B-$3.4B. PRELIMINARY RESULTS: On July 13, Seagate reported preliminary Q4 revenue of $2.9B, adjusted gross margins of 27%, and 45M unit shipments, driven by what the company characterized as "lower than expected intra-quarter demand." The company had previously guided Q4 revenue to $3.2B-$3.3B, and analysts were looking for $3.19B in revenue at the time. LAST QUARTER: On April 17, Seagate reported Q3 adjusted EPS of $1.08 against expectations for $1.04, and revenue of $3.3B versus estimates of $3.4B. Following that, Western Digital reported Q3 EPS of $1.87 on April 28 versus estimates of $1.89, and revenue of $3.5B against expectations for $3.6B. NEWS: On May 1, Seagate announced plans to combine its Cloud Systems and Electronic Solutions groups, and on July 14, the company said it extended its alliance with HP (HPQ). STREET RESEARCH: On May 15, RBC called Western Digital shares "compelling" due to multiple near-term positive catalysts, though Morgan Stanley said on May 19 that it was just "cautiously optimistic" on Western because of softened growth expectations for the general PC market. On May 28, Goldman Sachs called fears of PC weakness overdone and upgraded Western Digital to Buy, saying the company's increasingly enterprise-heavy mix gives it a healthy long-term profit forecast. On June 12, Longbow reported that its hard drive price checks were not quite as bad as it had feared, adding that Western Digital's guidance appears achievable while Seagate's forecast appeared at risk. Heading closer to earnings, Citi said on July 2 that it expects somewhat weak quarterly results for the two hard drive giants but recommended buying both Western Digital and Seagate shares on any perceived post-earnings weakness. Stifel somewhat echoed that point on July 8, saying investor sentiment seemed overly negative towards Western, with traders potentially underestimating the company's shift towards enterprise products. Note that on July 23, Morgan Stanley said its June CIO survey indicated incremental enterprise IT budget weakness, leading the research firm to downgrade Western Digital to Equal Weight and drop Seagate two notches to Underweight. On the M&A front, Susquehanna said on May 29 that SanDisk (SNDK) remained an attractive takeover target, with Western Digital looking like a likely buyer. However, RBC and CLSA both raised doubts on June 5 about the possibility of such a deal. PRICE ACTION: Shares of Western Digital are up 1.34% to $78.83 ahead of Wednesday's report, while Seagate is up 0.84% to $49.28.
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
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10:07 EDTAPOLHigh option volume stocks:
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July 28, 2015
16:25 EDTHAHawaiian Holdings sees Q3 cost per ASM ex-fuel up 2.5% to 5.5%
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16:21 EDTHAHawaiian Holdings reports Q2 EPS 61c, consensus 61c
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July 23, 2015
10:00 EDTSTXOn The Fly: Analyst Downgrade Summary
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09:13 EDTSTXOn The Fly: Pre-market Movers
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07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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06:29 EDTSTXSeagate downgraded to Underweight from Overweight at Morgan Stanley
Morgan Stanley downgraded Seagate two notches to Underweight from Overweight and cut its view on the US IT Hardware Industry to Cautious from In-Line. The firm's June CIO survey indicates incremental enterprise IT budget weakness, and when combined with a downtick in cloud capex, results in a reduction in estimates and multiple compression. Morgan Stanley lowered its price target on shares to $34 from $49.
July 22, 2015
19:40 EDTDISHDISH executive says auction strategy 'complied with all legal requirements'
In response to the FCC's proposal to deny roughly $3.3B in spectrum auction discounts, DISH EVP and general counsel R. Stanton Dodge stated, "We respectfully disagree with the proposed denial of the bidding credits. Our approach to the AWS-3 auction, which followed 20 years of FCC precedent and complied with all legal requirements, was intended to enhance competition -- in the auction and in the marketplace long term. Our investments in NorthStar and SNR helped make the AWS-3 auction the most successful spectrum auction in FCC history, and resulted in more than $20B of direct benefit to the American taxpayer." Reference Link
17:35 EDTDISHDISH meets with FCC, says draft order would deny $3.3B in auction discounts
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05:23 EDTHAAir Lease announces placement of additional new A330-200 with Hawaiian Airlines
Air Lease (AL) announced another long term lease agreement with Hawaiian Airlines (HA) for one additional new Airbus A330-200. This aircraft is from ALC’s order book with Airbus and will deliver in Q2 of FY16.
July 21, 2015
18:40 EDTHAHawaiian Holdings to acquire three ATR 72 aircraft
Hawaiian Holdings, parent of Hawaiian Airlines, announced plans to acquire three ATR 72 turboprop aircraft in an all-cargo configuration to expand its interisland shipping services. The new operation will launch in the first half of 2016, starting with flights between Honolulu International Airport and Kona International Airport, Kahului Airport, Līhuʻe Airport and Hilo International Airport, with well-timed connections from Hawaiian Airlines' mainland and international network.
18:11 EDTDISHHarbinger Capital sues DISH over LightSquared, Reuters reports
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16:01 EDTHAHawaiian Holdings to acquire ATR 72 turboprop aircraft
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July 20, 2015
19:34 EDTDISHDISH customers to lose WDIV-TV Local 4
WDIV-TV Local 4 is about to go dark for all DISH (DISH) TV subscribers. WDIV and its parent organization, Graham Media Group, a subsidiary of Graham Holdings (GHC), stated, "The satellite provider has been unwilling to strike a reasonable deal with the local content provider. On Wednesday, July 22 at 7 p.m. subscribers will no longer be able to watch programs like Local 4 News, NBC's Today, NBC Nightly News, The Tonight Show starring Jimmy Fallon, Saturday Night Live, The Voice, The Blacklist, Sunday Night Football and more. DISH charges its subscribers a monthly fee to get these programs, so essentially their estimated 127,000 Detroit area customers will not be getting what they pay for. That includes important local news and weather information in emergency situations from the Local 4 News team."
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