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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:27 EDTBBRY, CMG, MSFT, LNKD, DELLMarket set to finish week mixed as European fears return
Stock indexes are set to end the week mixed after political turbulence in Spain and Italy unnerved investors but U.S. and Chinese trade data gave stocks a boost. The Dow is poised to finish the week lower, while the S&P and Nasdaq are set to finish slightly higher. MACRO NEWS: Spanish Prime Minister Mariano Rajoy and other members of the country's Conservative Party were accused of receiving secret cash payments, and the upcoming Italian election may be affected by an unfolding banking scandal. As a result, political uncertainty gripped both countries, scaring investors...On a more positive note, the U.S. trade deficit came in significantly below expectations, and China said its imports and exports rose sharply last month...Many Republican House members said they were willing to let automatic spending cuts take effect next month, causing investors to worry that the cuts would have a negative effect on the economy. COMPANY NEWS: Dell (DELL) announced that it had agreed to a leveraged buyout by a consortium led by its CEO, Michael Dell, and investment firm Silver Lake. Microsoft (MSFT) will provide a $2B loan to the acquirers..BlackBerry's (BBRY) stock soared this week amid indications that sales of the company's new Z10 phone have been strong so far...Also reporting good news and climbing were LinkedIn (LNKD) and Chipotle (CMG), which both delivered stronger than expected results.
News For DELL;MSFT;BBRY;LNKD;CMG From The Last 14 Days
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January 14, 2015
18:18 EDTBBRYOn The Fly: After Hours Movers
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18:12 EDTBBRYBlackBerry drops after company denies Samsung bid talks
The shares are down over 15.7% in the extended session, last at $10.60. At that price next support is at $10.15. Resistance is at $11.07. The company refuted an earlier report by Reuters that the company had engaged in bid talks with Samsung.
17:50 EDTBBRYBlackBerry down 15% following denial of discussions with Samsung
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17:36 EDTBBRYBlackBerry issues response to Samsung takeover bid, denies discussions
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16:33 EDTBBRYOn The Fly: Closing Wrap
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16:06 EDTBBRYBlackBerry approached by Samsung about potential takeover, Reuters says
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15:58 EDTBBRYBlackBerry continues rise, up 28% after report on Samsung approach
Shares of smartphone maker BlackBerry (BBRY) surged in late day trading following a Reuters report that said rival Samsung (SSNLF) had approached the Canadian company to discuss a potential takeover offer. Reuters said that Samsung executives discussed a potential bid in a range of $13.35 to $15.49 per share with BlackBerry. Heading into the close, BlackBerry shares are up 28.5% to $12.48.
15:56 EDTBBRYBlackBerry calls active on news it received takeover bid
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15:50 EDTBBRYBlackBerry spikes after news it received takeover bid, levels to watch
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15:47 EDTBBRYBlackBerry jumps 16% following report of Samsung takeover approach
15:46 EDTBBRYSamsung discussed bid of $13.35-$15.49 per share with BlackBerry, Reuters says
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15:44 EDTBBRYBlackBerry received takeover offer from Samsung, Reuters reports
12:38 EDTCMGChipotle Q1 results at modest risk from pork disruption, says Miller Tabak
Miller Tabak credits Chipotle for being proactive and not selling pork that did not meet their standards, but also believes that the pork supply disruption adds modest risk to the company's Q1 result. Assuming a full-quarter disruption at one-third of Chipotle locations, the firm would lower its Q1 same-store sales estimate to 10%-10.3% from its current 11% growth projection. Miller Tabak maintains its Hold rating and $710 fair value estimate on Chipotle shares.
12:35 EDTCMGChipotle suspends pork sales at one-third of U.S. restaurants, Reuters reports
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10:27 EDTLNKDFacebook, Google seen at front of 'multi-year' positive run for Internet stocks
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09:55 EDTBBRYBlackBerry management to meet with Oppenheimer
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06:14 EDTMSFTMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
11:57 EDTMSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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07:41 EDTBBRYBlackBerry estimates lowered following wireless survey at Canaccord
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