New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 22, 2014
16:20 EDTRAX, GMCR, NSR, HPQ, KRFTOn 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 Kraftís 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
May 21, 2015
12:49 EDTHPQOn The Fly: Top stock stories at midday
Subscribe for More Information
10:59 EDTHPQHP options active on selling 51% of China unit and into Q2
Subscribe for More Information
08:11 EDTHPQHP to sell 51% of China unit for $2.3B
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B.
08:06 EDTHPQHP announces partnership with Tsinghua Holdings
HP and Tsinghua Holdings jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3B, valuing the total business at $4.5B. Combining these two entities, the new H3C will be a technology powerhouse in China with a market-leading portfolio that will be #1 in networking and a leader in servers, storage and technology services.
06:06 EDTHPQHP to sell stake in Chinese data-networking operation, WSJ reports
Subscribe for More Information
May 20, 2015
10:57 EDTGMCRKeurig Green Mountain calls active
Subscribe for More Information
10:38 EDTGMCRRumor: Keurig Green Mountain active amid renewed Coke-Cola speculation
Shares of Keurig Green Mountain (GMCR) are active amid renewed speculation Coke-Cola (KO) will increase its stake in the company.
10:00 EDTGMCROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
09:03 EDTRAXRackspace extends contributor agreement with CERN openlab
Subscribe for More Information
08:45 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
Subscribe for More Information
08:18 EDTKRFT, GMCRKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
Subscribe for More Information
07:31 EDTGMCRKeurig Green Mountain downgraded to Hold from Buy at Argus
Subscribe for More Information
May 19, 2015
12:55 EDTHPQPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
Subscribe for More Information
12:47 EDTKRFTEarnings Watch: Target sees FY15 adjusted EPS $4.45-$4.65, 2%-3% sales growth
Target (TGT) is scheduled to report first quarter results before the market open on Wednesday, May 20, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business. EXPECTATIONS: Analysts are looking for earnings per share of $1.03 on revenue of $17.09B, according to First Call. The consensus range for EPS is 85c-$1.09 on revenue of $16.98B-$17.25B. LAST QUARTER: Target reported fourth quarter adjusted EPS of $1.50 on revenue of $21.75B, beating analysts' estimates for $1.46 and $21.63B, respectively. The company said comparable sales increased 3.8% in Q4, reflecting a 3.2% increase in comparable transactions. Target said digital channel sales contributed 0.9 percentage points to SSS growth. Target forecast Q1 adjusted EPS 95c-$1.05, SSS up about 2% and said its top priority is to drive digital sales growth. The company said it could be in a position to revisit stock buybacks later this year and noted that its workers' wages are "competitive." NEWS: At its Financial Community Meeting on March 3, Target forecast fiscal year 2015 adjusted EPS $4.45-$4.65, against estimates at that time for $4.50, on sales growth of 2%-3% for the fiscal year. The company also forecast 10% annual EPS growth for 2016 and beyond, as well as 5%-10% annual dividend growth. Target forecast $2B in savings in expenses and cost of goods over the next two years and 9.5%-10% EBITDA margins over the next five years. As for share repurchases, Target sees $2B this year, and said it continues to support the dividend and repurchase "billions." Looking to FY15, Target forecast FY15 capital expenditures of $2.1B and sees expected CapEx of $2B-$2.5B over the next five years. Target said its gross margin rate of 29.5% is "achievable." Target said it would focus on categories including style, baby, kids and wellness. As part of its $2B cost savings plan, Target said it will cut "several thousand jobs." Target said in a filing that on March 10, the company notified approximately 1,700 employees whose employment will be terminated as part of an overall plan to transform Targetís business. The company said it expects to incur severance costs of $10M. During the quarter, Target said it planned to raise its minimum pay for all workers to at least $9 an hour starting in April, according to The Wall Street Journal, and agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, Reuters reported. Target reached a settlement with MasterCard (MA) to resolve claims by MasterCard and its issuers related to the retailerís 2013 data breach. Under the agreement, Target will make available up to $19M in alternative recovery offers to eligible banks and credit unions across the globe. Target Canada said it would close the last 133 retail stores by April 12. Target also announced plans to sell its Target Commercial Interiors subsidiary to Omni Workspace. The retailer launched the Lilly Pulitzer for Target collection in April, which rendered its website inaccessible for short time after it was overwhelmed by customer traffic, The WSJ said. The WSJ also reported that, according to sources, Target gave notice to Campbell Soup (CPB), General Mills (GIS), Kellogg (K), Kraft Foods (KRFT) and others that it will reduce their presence in Target circulars and in-store advertisements. STREET RESEARCH: Following Target's analyst meeting, Wells Fargo said it thinks the company's operating plan sets the stage for the company to potentially beat expectations in 2015 and beyond. The firm believes that"outsized digital growth" or new products could enable Target's results to beat expectations. Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. BofA/Merrill upgraded Target to Buy from Neutral in April and increased its price target to $92 from $86. The firm believes Target is well positioned to benefit from an improving middle-income core customer base. The firm said customers are responding well to improved assortment and merchandising and expects Target to continue to see increased spending at stores and online as customers trade-up to more expensive items. PRICE ACTION: Target shares are up over 1.6% over the past three months. In early afternoon trading ahead of Wednesday's earnings report, shares are down 0.51% to $77.96.
07:53 EDTRAXRackspace should be bought on weakness, says Oppenheimer
Subscribe for More Information
06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
May 18, 2015
14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
Subscribe for More Information
10:25 EDTGMCRKeurig Green Mountain falls, levels to watch
Subscribe for More Information
May 17, 2015
19:11 EDTKRFTTarget to reduce advertising space for certain large brands, WSJ says
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use