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Stock Market & Financial Investment News

News For GOOG;EMC;VMW;INTC;GILD;FRX From The Last 14 Days
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January 28, 2015
12:41 EDTEMCEarnings Preview: Firm says EMC could unveil share repurchases, restructuring
EMC (EMC) is scheduled to report fourth quarter earnings before the open on Thursday, January 29, with a conference call scheduled for 8:30 am ET. EMC is a provider of IT infrastructure. EXPECTATIONS: Analysts expect the company to report earnings per share of 68c on revenue of $7.1B. The consensus range is 67c-70c for EPS and $7B-$7.2B for revenue. LAST QUARTER: EMC reported slightly lower than expected profit and slightly higher than expected revenue for the third quarter. Its fiscal 2014 guidance was roughly in-line. EMC said that it would adopt an aggressive stance during fiscal 2015, which started recently, when it comes to returning cash to shareholders. The company said that it would not comment on speculation that it had held talks about selling the company to HP (HPQ). On November 5, David Einhorn’s Greenlight Capital revealed that it had taken a "medium-sized" long position in EMC. RECENT NEWS: On January 12, EMC agreed to add two men backed by activist investor Elliott Management to its board. In return, Elliott, which had been pushing EMC to break itself up, entered into a limited standstill agreement with EMC. Under the framework of that deal, Elliott pledged to back EMC’s other proposed directors at the company's next shareholder meeting, scheduled to take place on April 30. Elliott has a $1B stake in EMC. STREET RESEARCH: In a note to investors on January 26, Wells Fargo predicted that EMC’s results could beat expectations, driven by catch-up spending on storage solutions after soft spending trends in the first half 2014, Wells stated. On other other hand, EMC’s 2015 EPS guidance could miss expectations, as other analysts may not have adequately calculated the effects of the company’s acquisition, the firm stated. But EMC could increase the size of its share repurchases or announce a restructuring initiative that could offset any negative effects of the VCE deal on its EPS, Wells believes,. The firm views the stock as a core long-term holding, as it believes that the company’s current investments in new technologies will drive growth and earnings leverage, especially in 2016 and later In a note to investors on January 26, research firm Pacific Crest wrote that EMC’s 2015 EPS guidance could miss expectations, due to all the costs generated by VCE and EMC’s investments in next-generation technologies. However, EMC’s share gains and profit growth should accelerate in 2016, making it a good stock for investors to buy opportunistically this year, the firm advised. It kept a $30 price target and Outperform rating on the stock. PRICE ACTION: EMC's stock is down 11.5% in the last month, but the shares are still up 7.7% over the last twelve months.
12:14 EDTGOOGGoogle January weekly volatility elevated into Q4 and outlook
Google January weekly call option implied volatility is at 79, February is at 29, March is at 25; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 29.
09:59 EDTVMWOn The Fly: Analyst Downgrade Summary
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09:35 EDTGILDActive equity options trading
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08:43 EDTVMWVMware guidance better than feared when forex adjusted, says Janney Capital
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08:37 EDTVMWVMware reported solid results says Pacific Crest
Pacific Crest believes that VMware's results were solid and highlighted by impressive metrics from its new solutions. The firm cut its price target on the shares to $105 from $115 but continues to believe the stock provides a "compelling opportunity at current levels," and recommends buying the shares.
08:08 EDTVMWVMware positives outweigh negatives, says RBC Capital
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07:53 EDTVMWVMware price target lowered to $97 from $106 at UBS
UBS lowered its price target on VMW to $97 from $106 following in-line Q1 results. The firm adjusted its estimates to reflect lower than expected free cash flow. UBS maintained its Buy rating on VMware shares, noting that the company doubled its buyback authorization.
07:23 EDTINTCIntel pullback yesterday a buying opportunity, says Jefferies
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06:06 EDTVMWVMware downgraded to Hold from Buy at Needham
Needham downgraded VMware to Hold following the Q4 report citing disappointing guidance.
05:58 EDTINTCIntel cooperates with Spreadtrum, Rockchip to enter China market, DigiTimes says
Intel (INTC) has cooperated with and Rockchip Electronics to rpomote its platforms in the China market, reports DigiTimes. According to Taiwan-based supply chain makers, the move is to compete with Qualcomm (QCOM) and Mediatek for smartphone and tablet use chip solutions. Intel is set to ship 44M tablet processors in 2015. Reference Link
05:48 EDTINTCStocks with implied volatility movement; INTC QQQ
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05:40 EDTVMWVMware price target lowered to $104 from $128 at Jefferies
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January 27, 2015
19:26 EDTGOOGApple Pay service gaining in market share, Bloomberg reports
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18:20 EDTEMC, VMWOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
17:48 EDTVMWVMware expects to buyback at least $1B of stock in FY15
17:43 EDTVMWVMware sees FY15 revenue negatively impacted by 3% due to currency, SAAS
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17:36 EDTVMWVMware sees Q1 EPS 80c-85c, consensus 89c
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17:34 EDTVMWVMware sees FY15 EPS $3.96-$4.04, consensus $4.08
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16:17 EDTVMWVMware authorizes additional $1B stock buyback
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