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Stock Market & Financial Investment News

News Breaks
May 2, 2012
06:12 EDTMMI, FB, GS, MSFT, GM, LMTOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Facebook's (FB) $3B a year advertising business revolves around convincing marketers to buy new forms of ads to create buzz around their brands, but some major advertisers wonder if they're getting their money's worth, the Wall Street Journal reports...The uncertainty surrounding coming Pentagon budget cuts could set off a new round of defense industry consolidation, says Christopher Kubasik, the next CEO of Lockheed Martin (LMT), the Wall Street Journal reports...For assets that could barely be given away until recently, refineries are getting an unusual amount of interest, the Wall Street Journal reports...REUTERS: A German court ruled that Microsoft (MSFT) infringed Motorola Mobility's (MMI) patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the German market, Reuters reports...GM (GM) had proposed taking a controlling stake of more than one-third in Isuzu Motors, worth about $3B, but now seeks a smaller holding after the Japanese truck maker said it wanted to remain independent, sources say, Reuters reports...BLOOMBERG: Oil fell from the highest level in five weeks as growing crude stockpiles in the U.S. and uncertainty before elections in three European countries raised concern that global demand may weaken, Bloomberg reports...Goldman Sachs (GS) said a proposed Federal Reserve rule that seeks to limit links between banks could lower U.S. economic growth by as much as 0.4 percentage point and eliminate up to 300,000 jobs, Bloomberg reports.
News For FB;LMT;MSFT;MMI;GM;GS From The Last 14 Days
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May 15, 2015
08:00 EDTLMTReport claims Lockheed beats Raytheon for missile shield pact, Reuters says
German newspaper Sueddeutsche Zeitung reported that Germany's defense ministry has decided to award a Lockheed Martin (LMT) led consortium one of the most expensive defense projects of the next decade by supposedly selecting its MEADS missile defense system over Raytheon's (RTN) next-generation Patriot system, though a U.S.-based source called the German report "absolutely incorrect," according to Reuters. Reference Link
06:03 EDTMSFTStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 14, 2015
19:04 EDTMSFTMicrosoft announces mobile-friendly search result changes
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16:00 EDTMSFT, FBOptions Update; May 14, 2015
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11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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11:19 EDTMSFTMicrosoft set to test 52-week high, levels to watch
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09:34 EDTFB, MSFTActive equity options trading on open
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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06:04 EDTGSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
16:06 EDTFBOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
16:01 EDTMSFTMicrosoft blog post refrains from using 'Windows Phone' branding
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15:04 EDTMSFTEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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10:05 EDTLMTLockheed Martin receives $174M FMS contract for ATACMS production
Lockheed Martin received a $174M Foreign Military Sales contract for Army Tactical Missile System production for the U.S. Army and the United Arab Emirates. ATACMS is the U.S. Army's only tactical long-range precision-strike surface-to-surface weapon system. All production on this contract will be conducted at Lockheed Martin's award-winning facility in Camden, Arkansas.
10:01 EDTMSFTOn The Fly: Analyst Upgrade Summary
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09:30 EDTMMIMarcus & Millichap management to meet with JMP Securities
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08:21 EDTFBFormer FCC chairman hired by Facebook to manage access efforts, Bloomberg says
Kevin Martin, the former chairman of the FCC who has been consulting for Facebook the past two years, is joining on a permanent basis as the company's VP for mobile and global access policy, reported Bloomberg. Facebook also announced that Chief Privacy Officer Erin Egan will start serving a dual role as VP of U.S. Public Policy, the report added. Reference Link
08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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06:22 EDTFBFacebook introduces Instant Articles, says working with nine launch partners
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06:07 EDTMSFTMicrosoft upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Microsoft to Buy saying weak PC market sentiment is priced into the stock at current levels while Azure and Office 365 optimism is "just starting" to take hold. The analyst sees more positive than negative catalysts and raised his price target for Microsoft shares to $55 from $44. Shares of the computing giant closed yesterday down 2c to $47.35.
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