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Stock Market & Financial Investment News

News Breaks
May 23, 2014
11:04 EDTWMT, GME, SNE, MSFTGameStop advances after profits beat expectations, outlook backed
Shares of multichannel video game retailer GameStop (GME) are rising this morning after the company reported better than expected first quarter profits and backed its fiscal 2014 guidance. WHAT'S NEW: GameStop reported Q1 earnings per share of 59c, which beat analysts' consensus estimate of 57c, and revenue of $2B, which was relatively in-line with an estimate of $2.03B. Consolidated comparable sales for the quarter increased 5.8%. For the quarter, the new hardware category grew 81.1% from the year-ago period, driven by strong worldwide consumer demand for Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One. The company said total market sales in the U.S. from launch through April of XBox One and PS4 hardware more than doubled the combined sales of Xbox 360 and PlayStation 3 hardware through their first six months of sales. Looking ahead, the company backed its fiscal year 2014 EPS view of $3.40-$3.70. The consensus forecast of analysts for FY14 EPS prior to the report was $3.68. Full year SSS are expected to be up 6%-12%. The company also forecast second quarter EPS of 12c-20c with SSS up 12%-19%. The consensus forecast for Q2 EPS prior to the report was 17c. WHAT'S NOTABLE: On its earnings conference call, GameStop CEO Paul Raines said the company is seeing "stronger" demand for the Xbox One as a result of the console's recent price drop last week, adding that the good news for the company is "we'll sell a lot more units." Also during the call, an analyst asked if GameStop's business has been impacted from Wal-Mart (WMT) recently entering the used game space. Raines said the company has not seen any impact from competitors entering the used game space and commented that "I would encourage you to go do some trades at all of our competitors, because I think all of them are in the trade business. We have a deep knowledge of how execution looks at all of those competitors and we do not have any impact from them." PRICE ACTION: GameStop is trading up $1.85, or about 5%, to $38.74 in mid-morning trading.
News For GME;MSFT;SNE;WMT From The Last 14 Days
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July 21, 2015
18:14 EDTMSFTMicrosoft CEO: Office 365 now in 4 out of 5 Fortune 500 enterprises
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16:50 EDTMSFTMicrosoft says strengthening U.S. dollar had 'significant impact' on Q4 results
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16:49 EDTMSFTMicrosoft returned $6.7B to shareholders in Q4
During the quarter, Microsoft returned $6.7B to shareholders in the form of share repurchases and dividends.
16:17 EDTMSFTMicrosoft down about 3% following Q4 results
16:12 EDTMSFTMicrosoft says has 75,000 partners transacting in company's cloud
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16:08 EDTMSFTMicrosoft reports Q4 Commercial revenue grew 4% to $13.5B
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16:07 EDTMSFTMicrosoft reports Q4 Devices and Consumer revenue declined13% to $8.7B
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16:05 EDTMSFTMicrosoft reports Q4 adjusted EPS 62c, consensus 56c
Reports Q4 revenue $22.2B, consensus $22.06B.
16:01 EDTMSFTOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:11 EDTMSFTEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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15:06 EDTMSFTMicrosoft July weekly 47 straddle priced for 5% movement into Q4
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15:02 EDTMSFTNotable companies reporting after market close
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11:11 EDTMSFTMicrosoft technical notes before earnings, levels to watch
On a long-term basis the stock has a potential double top pattern that would be confirmed on a breakdown below $40. In a shorter time frame the stock is range-bound between $45 at the low and $50 at the high. If the news is bearish, a breakdown below $45 would put the shares on a path for a test at that $40 support. A breakdown below $40 would see next support at $39.27 and then at $38.56. The downside target from the double top would be to the $30 area over time. If the news is a bullish surprise, a breakout above $50 would see next resistance at $53.13 and then at $55. Both are levels not seen since the year 2000.
09:56 EDTMSFTSalesforce rallies amid renewed speculation of Microsoft deal
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07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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July 20, 2015
16:01 EDTMSFTOptions Update; July 20, 2015
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13:46 EDTWMTAmazon seen eclipsing Macy's as top U.S. clothing retailer
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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06:35 EDTSNESony to buy more LCD TV panels in Malaysia, Nikkei Asian Review reports
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July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
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