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Stock Market & Financial Investment News

News Breaks
January 23, 2013
12:28 EDTFIO, OCZ, STECFirm says Ultrabooks to drive doubling of SSD sales
A new generation of lower-cost and more appealing ultrabooks are expected to help cause global shipments of solid-state drives, or SSDs, to more than double in 2013, according to IHS iSuppli. Worldwide SSD shipments are set to rise to 83M units this year, up from 39M in 2012, the firm stated. Shipments are set to continue to rise 239 million units in 2016, amounting to about 40% of the size of the hard disk drive (HDD) market, the firm added. Reference Link
News For FIO;STEC;OCZ From The Last 14 Days
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May 17, 2013
11:04 EDTFIOFusion-io calls June active on renewed takeover chatter
Fusion-io June 16 and 18 calls are active on total call volume of 2,800 contracts (520 puts). June call option implied volatility is at 62, September is at 60, December is at 54; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for larger price movement following renewed takeover chatter.
10:21 EDTFIORumor: Fusion-io moves off lows on renewed takeover chatter
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May 15, 2013
16:50 EDTOCZOCZ Technology to delay filing 10-Q
As previously reported, OCZ Technology Group delayed the filing of its Form 10-Qs for the quarter ended August 31, 2012 and for the quarter ended November 30, 2012 as the company requires additional time for compilation and review to insure adequate disclosure of certain information. The company’s Audit Committee has also concluded that the company should restate the results for the first quarter of FY13, as well as the results for certain quarters of FY12 and for FY12. The amended Form 10-K for FY12 and the amended Form 10-Q for the first quarter of FY13 have not yet been filed and will be filed before the company files the FY13 Form 10-K. Additionally, as a result of the time requirements to assess the restatement of the financial statements included in previous filings; and the impact and causes of the restatement on 2013 reporting; the company has not completed its financial statements and the other reporting requirements to be included in the fiscal year ended 2013 Form 10-K. As such, the company is not able to meet the filing deadline for its 10-K for the year ended February 28, 2013. The company will endeavor to bring current its corrected and past due filings as soon as practicable though it cannot currently make an assessment of when such filings will be made.
May 14, 2013
12:47 EDTFIOOptions with increasing implied volatility: FMCN FIO SVU BKS
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10:01 EDTFIOOn The Fly: Analyst Upgrade Summary
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09:14 EDTFIOOn The Fly: Pre-market Movers
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07:12 EDTFIOFusion-io management to meet with Benchmark Co.
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06:14 EDTFIOFusion-io upgraded to Buy from Neutral at UBS
UBS upgraded Fusion-io due to share weakness following management resignations and strong quarterly results and outlook. Price target raised to $19 from $16.
May 13, 2013
11:12 EDTFIOOptions with increasing implied volatility: BKS FIO SOHU AGNC HNZ
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May 10, 2013
12:32 EDTFIOOptions with increasing implied volatility: SNTA BKS FIO QIHU VMED
May 9, 2013
12:15 EDTFIOFusion-io CEO says customer reaction to resignations 'positive'
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05:45 EDTFIOStocks with implied volatility movement; FIO SVU
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May 8, 2013
17:01 EDTFIOOn The Fly: Closing Wrap
Stocks on Wall Street were higher again, pushing the Dow and S&P to new record levels. A late afternoon move down to the flatline made it seem like the recent winning streak was set to end, but the averages quickly reversed higher and closed firmly in positive ground. ECONOMIC EVENTS: In the U.S., the light economic calendar included MBA's report on mortgage applications, which were up 7%, and the EIA's petroleum status report, which showed crude oil inventories built up by less than was expected last week. In Europe, German industrial production increased 1.2% month-over-month in March, beating expectations for a 0.1% decline. In Asia, Chinese trade data showed exports climbed 14.7% in April, while imports were up 16.8%. However, some analysts expressed caution that the strong export gains should be viewed with some level of skepticism. COMPANY NEWS: Dow member Disney (DIS) beat expectations on the top and bottom line and price targets on the stock were raised at several firms, but shares slid 8c, or 0.12%, to $65.99... J.C. Penney (JCP) released preliminary Q1 results last night, including comparable store sales that were down 16.6% and revenue of $2.64B, which was below expectations. However, the results were enough to send shares of the heavily-shorted retailer up $1.21, or 7.38%, to $17.61. MAJOR MOVERS: Among the notable gainers was Whole Foods Market (WFM), up $9.39, or 10.12%, to $102.19 after earnings beat estimates, the company raised its full year outlook and announced a two-for-one stock split. Also higher were shares of Dex Media (DXM), up $2.84, or 20.71%, to $16.55 after Kyle Bass, presenting at the Sohn Investing Conference, said the company's stock could trade up to 5 times higher than current levels in 3 years. Among the noteworthy losers was Fusion-io (FIO), down $3.40, or 18.89%, to $14.60 after its CEO and chief marketing officer resigned and shares were downgraded by at least two analyst firms. Also lower following its earnings report was Zillow (Z), which fell $6.26, or 9.95%, to $56.68. INDICES: The Dow was up 48.92, or 0.32%, to 15,105.12; the Nasdaq was up 16.64, or 0.49%, to 3,413.27; and the S&P 500 was up 6.73, or 0.41%, to 1,632.69.
16:32 EDTSTECSTEC sees Q2 EPS (41c)-(43c), consensus (39c)
Sees Q2 revenue $23M-$26M, consensus $25.16M.
16:31 EDTSTECSTEC reports Q1 EPS (41c) , consensus (42c)
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12:39 EDTFIOOptions with increasing implied volatility: ALXA FIO EBIX VMED HNZ
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12:20 EDTFIOOn The Fly: Midday Wrap
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12:00 EDTFIOFusion-io falls 26.2%
Fusion-io is down 26.2%, or $4.71, to $13.29
11:41 EDTFIOHigh option volume stocks: MHR FIO DSS NBL WBMD
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11:01 EDTFIOFusion-io downgraded to Neutral from Buy at Sterne Agee
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