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Stock Market & Financial Investment News

News Breaks
August 22, 2014
16:20 EDTGMCR, KRFT, NSR, RAX, HPQOn The Fly: Closing Wrap
Stocks began the session in negative territory as investors hoped the market would extend its recent gains. The early weakness was attributed to reports that a Russian humanitarian convoy crossed the Ukraine border without permission, sparking concerns of a possible clash between the countries. The market had little else to focus on as the economic calendar was quiet. The averages moved in a narrow range throughout the session and was mixed most of the day, with the Nasdaq the leader and the Dow and S&P trailing behind. With the market on track for its best monthly performance since February, investors chose to play it cautious ahead of the weekend. ECONOMIC EVENTS: Federal Reserve Chair Janet Yellen gave a speech on labor markets in Jackson Hole, Wyoming. The speech was fairly neutral and very "two-handed" in terms of the policy course. She said there's no "simple recipe for appropriate policy." She indicated the economy is improving and the FOMC now is questioning the degree of slack in the economy, adding that assessing the latter has become more difficult. COMPANY NEWS: Keurig Green Mountain (GMCR) and Kraft Foods (KRFT) announced a multi-year licensing, manufacturing, and distribution agreement for Kraft’s branded coffees in Keurig portion pack formats compatible with Keurig consumer and commercial brewing systems in the U.S. Financial terms of the agreement were not disclosed. Green Mountan closed up over 13%. MAJOR MOVERS: Neustar (NSR) closed up more than 2% after Reuters reported the company was mulling a sale amid private equity interest... Rackspace (RAX) closed up 1.6% despite a Re/code report that Hewlett-Packard (HPQ) was not interested in acquiring the company. INDEXES: The Dow closed down 38.27, or 0.22%, to 17,001.22; the Nasdaq closed up 6.45, or 0.14%, to 4,538.55; and the S&P 500 closed down 3.96, or 0.2%, to 1,988.41.
News For GMCR;KRFT;NSR;RAX;HPQ From The Last 14 Days
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October 10, 2014
17:14 EDTHPQMarket ends week lower amid global growth worries
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16:58 EDTHPQSilver Lake said to shelve effort to buy Shutterfly, Snapfish, Bloomberg says
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10:01 EDTHPQOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
October 9, 2014
16:59 EDTHPQJefferies initiates IT Hardware space, names Western Digital top pick
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16:21 EDTHPQHP initiated with a Hold at Jefferies
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11:13 EDTHPQHP management to meet with Oppenheimer
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09:02 EDTRAXRackspace appoints Brian Kelly as Chief Security Officer
Rackspace announced the appointment of Brian Kelly as Chief Security Officer. Kelly will be responsible for overseeing physical and information security efforts for Rackspace and its customers globally. Prior to Rackspace, Kelly served as Ernst & Young's Executive Director where he successfully modernized and transformed enterprise security programs while driving business value.
08:53 EDTHPQAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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07:34 EDTHPQHP has room to grow, gave conservative guidance, says Brean Capital
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06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:52 EDTHPQTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:13 EDTGMCRKeurig Green Mountain implied volatility of 34 at lower end of index mean range
October 8, 2014
16:56 EDTHPQGartner says worldwide PC shipments in Q3 declined 0.5%
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11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
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09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
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06:13 EDTHPQNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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