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Stock Market & Financial Investment News

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May 15, 2013
19:34 EDTCSCO, SAPE, TSLA, LMCA, CBI, NQ, ACXM, ONTY, SPPIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Cisco (CSCO), up 8.4%... Sapient (SAPE), up 6.3%. ALSO HIGHER: Tesla (TSLA), up 7.7% after announcing a common stock and debt securities shelf and disclosing that CEO Elon Musk is interested in purchasing up to 1.2M shares of the company's stock... Liberty Media (LMCA), up 3.9% after Berkshire Hathaway and SAC Capital disclosed new stakes in the company... Chicago Bridge & Iron (CBI), up 3.7% after Berkshire Hathaway announced a new stake in the company. DOWN AFTER EARNINGS: NetQin Mobile (NQ), down 8.3%... Acxiom (ACXM), down 4.1%. OTHER MOVERS: Oncothyreon (ONTY), up 7.6%, and Spectrum (SPPI), up 7.4%, after the release of abstracts for the American Society of Clinical Oncology annual meeting.
News For CSCO;SAPE;TSLA;LMCA;CBI;NQ;ACXM;ONTY;SPPI From The Last 14 Days
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October 21, 2014
16:00 EDTTSLAOptions Update; October 21, 2014
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14:51 EDTTSLAMichigan Governor signs bill that bars Tesla form direct sales, DFP reports
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14:34 EDTCSCOEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
12:49 EDTACXMAcxiom, Weibo announce partnership
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12:08 EDTTSLAGeneral Motors says supports Michigan House Bill 5606
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11:41 EDTNQNQ Mobile 'not a stock for real investors,' Muddy Waters says
Muddy Waters said via Twitter that NQ Mobile is "not a stock for real investors, just pure gamblers."
10:00 EDTONTYOn The Fly: Analyst Initiation Summary
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08:11 EDTTSLATesla Motors November weekly volatility elevated into Q3 and sales guidance
Tesla Motors November weekly call option implied volatility is at 57, December is at 43, January is at 42; above its 26-week average of 46 according to Track Data, suggesting large price movement into the expected release of Q3 results on November 5.
07:04 EDTONTYOncothyreon initiated with a Buy at H.C. Wainwright
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06:26 EDTNQStocks with implied volatility above IV index mean; NQ CMG
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October 20, 2014
16:00 EDTTSLAOptions Update; October 20, 2014
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11:28 EDTTSLATesla taking online orders for Model S on Alibaba's Tmall.com, Bloomberg says
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October 17, 2014
16:01 EDTTSLAOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
11:31 EDTTSLAStocks with call strike movement; AAL TSLA
American Airlines (AAL) January 38 call option implied volatility decreased 5% to 52, Tesla (TSLA) January 60 call option implied volatility decreased 3% to 50 according to IVolatility.
10:00 EDTTSLAOn The Fly: Analyst Initiation Summary
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09:38 EDTTSLAActive equity options trading on
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09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
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08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
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06:10 EDTTSLATesla initiated with a Buy at MLV & Co.
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06:08 EDTTSLATesla urges veto of Michigan legislation
Tesla said in a blog post regarding the bill passed in Michigan, "We are calling on concerned consumers to contact the Governor and urge him to veto this legislation and return the issue to the legislature for a full and open debate in 2015." It explained, "On October 1, the Michigan Automobile Dealers Association succeeded in passing a bill that is harmful to consumers. The bill, HB5606, was originally a single amendment to existing law designed to ensure that the car dealers can tack additional fees on to the purchase price for all vehicles (from any manufacturer) sold in Michigan. Such fees have a controversial history, are generally regarded with skepticism and have been the subject of consumer concern in other states." Reference Link
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