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Stock Market & Financial Investment News

News Breaks
January 8, 2013
10:36 EDTNTAP, BRCD, EMC, STECEMC weakens after analyst downgrades stock
IT infrastructure provider EMC (EMC) is falling after William Blair analyst Jason Ader downgraded the stock to Market Perform from Outperform in a note to investors earlier today. Last quarter, EMC had difficulty closing deals with large corporate customers, according to the analyst. As a result, the company's fourth quarter results are likely to be in-line with or below analysts' expectations, while its 2013 guidance is likely to be below the Street's outlook, wrote Ader. New data storage technologies are emerging, creating increased competition for companies that develop storage solutions, including EMC, Ader believes. The enhanced efficiency of some of these technologies is pressuring incumbent vendors, while the growth in spending on storage solutions has slowed significantly, the analyst wrote. In mid-morning trading, EMC fell 41c, or 1.70%, to $23.72. Other companies that develop storage solutions also dropped, with NetApp (NTAP) losing 2.74% to $32.33, Brocade (BRCD) giving back 1.45% to $5.42, and STEC (STEC) declining 1.80% to $4.92.
News For EMC;NTAP;STEC;BRCD From The Last 14 Days
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July 28, 2015
07:50 EDTEMCEMC outlook has improved, says Oppenheimer
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July 26, 2015
14:44 EDTEMCAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
05:49 EDTNTAPStocks with implied volatility movement; NTAP JNPR
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July 23, 2015
11:54 EDTNTAPOptions with increasing call volume
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11:03 EDTNTAPNetApp call activity attributed to takeover speculation
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10:56 EDTNTAPRumor: NetApp strength attributed to takeover speculation
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10:00 EDTEMCOn The Fly: Analyst Upgrade Summary
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09:09 EDTEMCEMC moves positive, says BMO Capital
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07:58 EDTEMCBrean Capital maintains Buy on EMC due to activist, merger potential
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07:28 EDTEMCEMC upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Maynard Um upgraded EMC (EMC) to Outperform citing a more favorable risk/reward following the company's reduced guidance. Um sees the potential for a number of strategic corporate actions, some of which he believes could take place before year-end. Most favorable would be a buy-in of EMC's VMware (VMW) stake, Maynard tells investors in a research note. The analyst has a $29-$31 price target range for EMC shares, which closed yesterday up 45c to $25.38.
July 22, 2015
06:59 EDTEMCEMC says 'laser focused' on enhancing shareholder value
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06:58 EDTEMCEMC cuts FY15 adjusted EPS view to $1.87 from $1.91
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06:56 EDTEMCEMC reports Q2 adjusted EPS 43c, consensus 41c
Reports Q2 revenue $6B, consensus $6.1B.
July 21, 2015
15:02 EDTEMCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
14:24 EDTNTAP, EMCEarnings Watch: EMC reports amid M&A speculation in sector
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13:59 EDTEMCEMC technical notes ahead of earnings
The key feature on a long-term chart is a potential compound bearish head and shoulders pattern. Shares are directly on the neckline of that pattern ahead of earnings. A move below $24 would confirm that the pattern is active. Downside potential would be to the $16 area over time, presuming the pattern was not interrupted. If the news is a bullish surprise, resistance levels to watch as potential upside objectives are at $26.17, $27.73, and $29.04. A move above $27.50 that sustained for several months would void the head and shoulders pattern.
09:00 EDTEMCEMC July weekly volatility elevated into Q2 and outlook
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July 20, 2015
10:00 EDTBRCDOn The Fly: Analyst Downgrade Summary
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06:27 EDTBRCDBrocade downgraded to Sell from Neutral at UBS
UBS analyst Amitabh Passi downgraded Brocade Communications to Sell saying he sees increasing downside risk to estimates from weaker trends in storage and margins being close peak levels. Passi cut his price target for the stock to $9 from $11.50.
July 15, 2015
07:12 EDTNTAPNetApp upgraded to Sector Weight from Underweight at Pacific Crest
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