Stock Market & Financial Investment News

News Breaks November 7, 2012 07:09 EDT CSC CSC price target raised to $38 from $33 at Deutsche Bank After CSC reported higher than expected EPS, Deutsche Bank says it's "seeing some encouraging signs of a turnaround," and maintains a Hold rating on the stock. News For CSC From The Last 14 Days Check below for free stories on CSC the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 21, 2013 12:32 EDT CSC Options with decreasing implied volatility: PXP ARNA BBY OPK CSC May 20, 2013 11:56 EDT CSC Options with decreasing implied volatility: SGMO WCRX TSLA CSC SUPN May 17, 2013 11:53 EDT CSC Options with decreasing implied volatility: SGMO ARNA CSC ENDP Subscribe for More Information May 16, 2013 16:29 EDT CSC On The Fly: Closing Wrap Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. 11:33 EDT CSC Options with decreasing implied volatility: PANL CSC FTK A NVDA Subscribe for More Information 10:03 EDT CSC On The Fly: Analyst Downgrade Summary Subscribe for More Information 05:44 EDT CSC CSC downgraded to Hold from Buy at Deutsche Bank Subscribe for More Information May 15, 2013 17:09 EDT CSC Greenlight gives quarterly update on stakes NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). 15:47 EDT CSC CSC lifts off early lows, levels to watch The stock spent a good deal of the session down by 10% or more, but has moderated somewhat heading into the close. At the current price of $44.62, support is at the session low of $43.55. Resistance is at $45.22. 12:28 EDT CSC On The Fly: Midday Wrap Subscribe for More Information 12:00 EDT CSC CSC falls 10.2% Subscribe for More Information 11:37 EDT CSC High option volume stocks: CONN IRWD JASO LYV CSC 11:16 EDT CSC Options with decreasing implied volatility: RAX CSC SPPI MBI PANL 11:09 EDT CSC CSC raises FY14 cont. ops EPS view to $3.30-$3.50, consensus $3.45 Sees FY14 revenue to be flat to slightly down, consensus $14.9B. Sees revenue from NPS to have mid-single digit decline in FY14 and Commerical revenue to be relatively flat to slightly up. Sees FY14 free cash flow about $500M. Guidance from slides for Q4 earnings conference call. 09:05 EDT CSC CSC expands partnership with SAP Subscribe for More Information 08:06 EDT CSC CSC reports Q4 adjusted cont-op EPS $1.27, consensus 99c Subscribe for More Information May 14, 2013 15:30 EDT CSC Notable companies reporting before tomorrow's open Subscribe for More Information May 13, 2013 08:23 EDT CSC CSC May volatility elevated into Q4 and outlook Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.