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Stock Market & Financial Investment News

News Breaks
April 9, 2012
05:55 EDTCOP, COP, COP, HAL, HAL, HAL, ECA, ECA, ECA, GEVO, GEVO, GEVO, ITC, ITC, ITC, ROK, ROK, ROK, GE, GE, GE, STP, STP, STP, INTC, INTC, INTC, CSCO, CSCO, CSCO, GM, GM, GMSustainability Alliance of Southwest Colorado to host a summit
4th Annual Global New Energy Summit is being held in Colorado Springs on April 9-11.
News For GM;CSCO;INTC;STP;GE;ROK;ITC;GEVO;ECA;HAL;COP From The Last 14 Days
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May 13, 2015
15:06 EDTCSCOCisco technical comments before earnings
The stock has been on a strong run since the lows of last October, but the trend has flattened out heading into earnings. The range the shares have been in may be helpful in suggesting where price will head after earnings. The low of the range in the last couple of months has been $27 at the low and $30 at the high. A breakout above $30 on good news would be bullish, potentially moving the shares further into the ten-year high range. Above $30 the following resistance levels could become upside objectives depending on the degree of positive news: $31.09. $32.47, and $33.60. The 10-year high is at $34.24, and this would match with a projection of the top of uptrend channel that runs from September 2011 to present. If the news is a bearish surprise, the 50-day moving average at $28.37 would be the first support with the low of the range at $27 next. If the low at $27 were broken, next support would be at $25.92 and then at $24.98. There is significant support at the $25 area.
15:04 EDTCSCOEarnings 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%.
15:04 EDTCSCONotable companies reporting after market close
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13:45 EDTCSCOEZchip tumbles after losing spot in Cisco line cards
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13:32 EDTGEVOGevo mentioned cautiously by TheStreetSweeper
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11:17 EDTGEGE looks to sell Japan commercial finance operation, WSJ says
General Electric is looking to sell its Japanese commercial finance operations, as the conglomerate looks to slim down assets held in its GE Capital unit, says the Wall Street Journal. The unit, which finances the purchase of equipment is valued at about $5B, added the Wall Street Journal. Reference Link
10:43 EDTCOPConocoPhillips repeats FY15 2%-3% production growth view
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10:32 EDTCSCOFireEye calls active on renewed takeover chatter
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10:22 EDTCSCOEZchip sees Q2 revenue $27.5M-$28.5M, consensus $28.3M
Sees Q2 gross margins in the 75% range. Says NP-5 product revenues poised for growth in 2015. EZchip (EZCH) expects revenues from Cisco (CSCO) to continue to grow in 2015, 2016. Comments made on the Q1 earnings conference call. EZchip is down 25.24% to $14.62 in mid-morning trading.
10:01 EDTECAOn The Fly: Analyst Downgrade Summary
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09:39 EDTGEActive equity options trading on open
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09:21 EDTGEVOOn The Fly: Pre-market Movers
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08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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07:45 EDTCOPConocoPhillips management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on May 13 hosted by
07:32 EDTINTCCLSA to hold a conference
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07:08 EDTGEOppenheimer to hold a conference
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06:20 EDTECAEncana downgraded to Sector Perform from Outperform at RBC Capital
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06:15 EDTGEEU restart probe of GE's planned acquisition of Alstom's power business, WSJ say
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05:58 EDTCSCOStocks with implied volatility above IV index mean; ALTR CSCO
Stocks with implied volatility above IV index mean; Altera (ALTR) 81, Cisco (CSCO) 27 according to iVolatility.
05:54 EDTCOPStocks with implied volatility movement; SDS COP
Stocks with implied volatility movement; UltraShort S&P500 ProShares (SDS) 27, ConocoPhillips (COP) 25 according to iVolatility.
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