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Stock Market & Financial Investment News

News Breaks
May 15, 2014
09:18 EDTCSCO, FLEX, JBL, APH, TELCisco results bode well for key supply chain partners, says RBC Capital
RBC Capital believes that Cisco's (CSCO) results and guidance bode well for the company's key supply chain partners: Flextronics (FLEX), Jabil Circuit (JBL), Amphenol (APH) and TE Connectivity (TEL). The firm thinks that Cisco's demand should surpass expectations going forward, causing its supply chain partners to beat expectations. The firm keeps a Top Pick rating on Amphenol, Outperform ratings on Flextronics and TE Connectivity, and a Sector Perform rating on Jabil Circuit.
News For CSCO;FLEX;JBL;APH;TEL From The Last 14 Days
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September 24, 2014
16:15 EDTJBLJabil Circuit sees FY15 revenue $16.5B-$18.0B, consensus $16.35B
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16:07 EDTJBLJabil Circuit up over 6% following Q4 results, FY15 guidance
16:05 EDTJBLJabil Circuit sees Q1 Diversified Manufacturing Services revenue up 6%
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16:04 EDTJBLJabil Circuit sees Q1 core EPS 41c-53c, consensus 41c
Sees Q1 revenue $4.2B-$4.4B, consensus $4.11B.
16:03 EDTJBLJabil Circuit backs FY15 core EPS $1.65-$1.95, consensus $1.74
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16:02 EDTJBLJabil Circuit reports Q4 core EPS 5c, consensus 0c
Reports Q4 revenue $4.1B, consensus $3.83B.
15:43 EDTJBLJabil Circuits October 21 straddle priced for 8.2% move into Q4
15:34 EDTJBLJabil Circuit technical comments ahead of results
In the prior three months the shares have underperformed the averages, trading flat. The trading range has been between $20 at the low and $21.50 at the high. In the longer-term view, the shares have been in a bullish trend since hitting lows back in May. The stock does tend to advance and consolidate which is characteristic of the current price behavior. On a breakout above $21.50 on better than expected news, next resistance would be at $22.68. On progressively stronger news, the following resistance levels could become upside objectives: $23.90, and then the 52-week high at $24.13. If the news does not support additional upside, the following support levels could become downside objectives: $19.63, $18.37, $17.19, and $16.12. The short-base in the shares is moderate suggesting traders are not positioned for negative news. That could exacerbate the downside reactions on a negative surprise.
15:19 EDTJBLNotable companies reporting after market close
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10:58 EDTCSCOCisco CEO says not potential acquirer of EMC, Reuters reports
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09:38 EDTCSCOCisco CEO says not in merger talks with EMC, Reuters reports
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09:29 EDTCSCOCisco to hold a virtual news conference
Rob Lloyd, President of Cisco's Development & Sales, addresses customer requirements for a globally distributed, highly secure cloud platform in Media & Analyst Virtual News Conference to be held on September 29 at 10:30 am. Webcast Link
September 23, 2014
07:23 EDTCSCOCisco management to meet with UBS
Meeting to be held in New York on September 23 hosted by UBS.
07:19 EDTCSCOEMC's end game is a marriage with Cisco, says Macquarie
Macquarie views EMC's (EMC) merger talks with Hewlett-Packard (HPQ) as a "ploy" to bring Cisco (CSCO) to the bargaining table. The analyst is not surprised by reports that EMC's discussions with Hewlett-Packard stalled given the lack of synergies and views Cisco as a logical buyer due to strong synergies and defensive reasons. Macquarie said VMware (VMW) would make Cisco the leader in the growing Software Defined DataCenter market, allowing it to offer EMC a better deal than any other potential acquirer. Finally, the firm does not view the status-quo as a compelling option for EMC given the recent share strength, aggressive street estimates, and the upcoming retirement of Joe Tucci in February. Macquarie rates EMC a Neutral with a $32 price target, up from $28.
September 22, 2014
12:50 EDTCSCOEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTCSCOEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
11:18 EDTCSCOCisco management to meet with Oppenheimer
Meeting to be held in Boston on September 25 hosted by Oppenheimer.
06:11 EDTCSCOEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 18, 2014
13:00 EDTJBLJabil Circuits October volatility increases into Q4
Jabil Circuits October call option implied volatility is at 34, December is at 29, January is at 28, compared to its 26-week average of 28 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q4 results after the market close on September 24.
September 17, 2014
08:05 EDTCSCOCisco announces intent to acquire Metacloud
Cisco announced its intent to acquire privately held Metacloud. Upon completion of the acquisition, Metacloud employees will join Cisco's Cloud Infrastructure and Managed Services organization led by Faiyaz Shahpurwala, senior vice president. The acquisition of Metacloud is expected to be complete in 1Q15, subject to customary closing conditions.
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