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Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:38 EDTFDX, ORCL, FSLR, OWW, HZNP, RENNOn The Fly: Midday Wrap
Stocks on Wall Street were virtually unchanged at midday as investors await the latest rate decision and associated policy updates from the Federal Reserve. The market spent the morning consolidating its recent gains and stocks moved in a very narrow range since the open. Rates are expected to remain the same and Treasury purchases are expected to be reduced again. Investors and analysts will be paying close attention to the accompanying statement and press conference for clues as to any change in monetary policy. ECONOMIC EVENTS: In the U.S., the fourth quarter current account deficit narrowed to $81.1B, which lower than expected and down from a revised Q3 deficit of $96.4B. Investors await the FOMC meeting announcement, due at 2:00 pm ET, to be followed by Fed Chairwoman Janet Yellen’s press conference at 2:30 pm ET. COMPANY NEWS: Delivery giant FedEx (FDX) reported lower than expected third quarter revenue and earnings per share and lowered its FY14 outlook. Shares were down in pre-market trading but have bounced back to be up just slightly near midday as investors appear to be attributing the earnings miss to the severe winter weather, as the company explained... Another giant corporation, Oracle (ORCL), reported headline earnings and revenue for its last quarter than missed consensus expectations and its shares were down about 1% in midday trading. However, analysts at firms including Wells Fargo, Susquehanna and Stifel argued Oracle's underlying results were better than the headlines and contended the weakness was a buying opportunity. MAJOR MOVERS: Among the notable gainers was Horizon Pharma (HZNP), which advanced 14% after agreeing to buy Vidara Therapeutics through a reverse merger for stock and cash valued at about $660M to create a new company that will be organized under the laws of Ireland. Also higher was First Solar (FSLR), which jumped 14% after the company gave an earnings outlook for the current fiscal year that missed expectations but also guided to significantly better than expected earnings next fiscal year. Among the noteworthy losers after its earnings report was Renren (RENN), which operates a real name social networking Internet platform in China. The company's headline earnings beat the consensus forecast, but that was primarily due to a gain from the deconsolidation of its subsidiaries, and its shares dropped 10% following the report. Also lower was online travel company Orbitz Worldwide (OWW), which fell 9% after Goldman downgraded the stock to a Sell rating from Neutral. INDEXES: Near midday, the Dow was down 5.81, or 0.04%, to 16,330.38, the Nasdaq was down 4.41, or 0.1%, to 4,328.90, and the S&P 500 was down 0.52, or 0.03%, to 1,871.73.
News For FDX;ORCL;FSLR;OWW;HZNP;RENN From The Last 14 Days
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September 15, 2014
16:39 EDTORCLOracle assumed with a Sector Perform at RBC Capital
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08:33 EDTFDXFedEx September volatility elevated into Q1 and outlook
FedEx September call option implied volatility is at 34, October is at 19, January is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 17.
08:12 EDTHZNPHorizon Pharma valuation at attractive entry point, says Cowen
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07:40 EDTFDXFactors working in FedEx favor in first quarter of 'turnaround' year, WSJ says
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07:32 EDTFDXFedEx should report solid Q1 results, says Oppenheimer
Oppenheimer raised its Q1 estimates for FedEx slightly above consensus levels, as the firm expects the company to benefit from strong consumer e-commerce sales, improving B2B package volumes, and continued margin expansion in Express. The firm raised its price target on the name to $172 from $168 and keeps an Outperform rating on the stock.
07:19 EDTORCLSNIA to hold a conference
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September 14, 2014
20:25 EDTORCLOracle buys Front Porch Digital, terms undisclosed
Oracle announced that it has signed an agreement to acquire Front Porch Digital, a provider of content storage management solutions that help companies migrate, manage and monetize large-scale media assets. Front Porch Digital's big data technologies help enterprises easily handle their rapidly expanding and complex volumes of digital media content, such as high definition films and TV shows, medical images and records, and real-time security monitoring feeds. More than 550 organizations worldwide rely on Front Porch Digital across multiple industries to ensure the availability and accessibility of their valuable content, including A&E Television, BBC, Discovery Communications, U.S. Library of Congress and NASCAR. In total, Front Porch Digital helps manage over 750 petabytes of digital content. Together, Oracle and Front Porch Digital will help organizations more effectively and efficiently manage the growing complexities associated with the migration, integration, storage, and delivery of rich media content.
September 12, 2014
15:31 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 31, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
13:03 EDTFSLRSolar stocks rise after Trina says can't keep up with demand
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07:53 EDTFDXUPS squeezed by growth of e-commerce, power of Amazon, WSJ says
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September 11, 2014
14:10 EDTFSLRIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
11:17 EDTORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
September 10, 2014
10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
16:20 EDTOWWLazard Asset Management reports 7.05% passive stake in Orbitz
14:43 EDTFDXFedEx September volatility elevated into Q1 and outlook
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11:47 EDTFSLRStocks with call strike movement; FSLR VRTX
First Solar (FSLR) March 80 call option implied volatility increased 2% to 42, Vertex (VRTX) January 105 call option implied volatility increased 6% to 41 according to IVolatility.
10:09 EDTHZNPHorizon Pharma initiated with an Outperform at Avondale (pre-open)
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07:17 EDTORCLThe Wireless Association to hold a conference
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