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Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:22 EDTWFT, DKS, HD, BHI, GBX, HCLP, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as the averages struggle to regain some portion of their losses from last week. The market opened moderately lower on the heels of the futures, which ended the premarket session below fair value. The major equity indices have traded in a narrow range again today, though they all stand near session highs at the lunch hour, with the Dow the biggest winner and the Nasdaq fighting to get back into positive territory... ECONOMIC EVENTS: In the U.S., the October federal budget is scheduled to be reported at 2:00 pm ET and is seen widening to $113B from $98.5B a month ago. In Europe, euro-zone leaders failed to agree on the release of the latest round of aid for Greece, though the nation was granted a two-year extension by the EU to repay its current bailout loans. Also, a measure of German economic sentiment unexpectedly fell more than was forecast and U.K. inflation rose faster than expected... COMPANY NEWS: Home Depot (HD) leads all members of the Dow Jones Industrial Average, up 3.7% after its earnings and revenue beat expectations and the company raised its full year guidance. Microsoft (MSFT) is the Dow's laggard, down 2.7% after the head of its Windows unit resigned, though Stifel Nicolaus suggested that the departure could help the company over the long term... MAJOR MOVERS: Among the notable gainers was Greenbrier (GBX), up 17% after investor Carl Icahn reported a 9.99% stake in the company and called its shares undervalued. Also higher were shares of Dick's Sporting Goods (DKS), up nearly 5% following its better than expected quarterly report and increased full year outlook. Among the noteworthy losers was Hi-Crush Partners (HCLP), down 21% after its quarterly results missed consensus and it announced the termination of a supply agreement with Baker Hughes (BHI). Also lower were shares of Weatherford (WFT), down almost 14% after the company reported a disappointing preliminary revenue estimate and said it sees material weakness in its internal controls, prompting it to restate some prior financial statements... INDICES: Near noon, the Dow was up 47.73, or 0.37%, to 12,862.81; the Nasdaq was down 0.68, or 0.02%, to 2,903.58; and the S&P 500 was up 5.64, or 0.41%, to 1,385.67.
News For HD;MSFT;GBX;DKS;HCLP;BHI;WFT From The Last 14 Days
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April 17, 2014
18:48 EDTMSFTMicrosoft sold 311,000 Xbox One units in March
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13:04 EDTBHIBaker Hughes reports U.S. rig count unchanged at 1,831
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12:53 EDTBHIOn The Fly: Midday Wrap
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08:58 EDTBHIOn The Fly: Pre-market movers
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06:33 EDTBHIBaker Hughes reports Q1 adjusted EPS 84c, consensus 78c
Reports Q1 revenue $5.73B, consensus $5.71B. Martin Craighead, Baker Hughes chairman and CEO stated, "This quarter we delivered an increase in profit margins and earnings. Our performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings. The benefit of these actions can be seen in our North America operations this quarter. On an adjusted basis, this segment delivered 200 basis points of margin improvement, despite a drop in well count caused by poor weather in the Rockies and northeast U.S. Outside of North America, our operations experienced the typical seasonal decline in product sales to start the year, along with severe weather conditions in the North Sea and Russia, leading to a 5% sequential drop in revenue for our international business. However, resumption of our activity in Iraq, along with increased demand for high technology services in Africa, the Middle East, and Asia Pacific, led to a 6% sequential increase in international adjusted operating profit."
06:25 EDTHDHome Depot focusing expansion efforts on e-commerce, WSJ reports
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April 16, 2014
07:46 EDTMSFTMicrosoft announces new products, CEO describes vision for 'data culture'
In a blog post from yesterday entitled "A data culture for everyone," Microsoft CEO Satya Nadella laid out his vision for the way his company can help other corporations develop a "data culture" and provided highlights of the company's launch of SQL Server 2014, Analytics Platform System, and Azure Intelligent Systems Service. In the blog, Nadella states, "We believe that with the right tools, insights can come from anyone, anywhere, at any time...We are all experiencing the explosion of data driven by ubiquitous computing. We all crave easier and faster ways to turn that data into fuel for insight, and to realize the potential of ambient intelligence for every individual and every organization. Today marks a big step toward, and we’re going to keep moving quickly." Reference Link
07:30 EDTMSFTVMware, Citrix may be threatened as OpenStack momentum builds, WSJ says
OpenStack supporters say the open-source operating system can bring the ease of use and agility offered by cloud-service vendors, while using a company's own server systems, and if it continues to be adopted OpenStack could pose a threat to companies to offer data center software and services including VMware (VMW), Citrix Systems (CTXS), Amazon.com (AMZN), Microsoft (MSFT) and others, said The Wall Street Journal. Reference Link
07:07 EDTMSFTAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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April 15, 2014
15:53 EDTMSFTFord's new My Touch with BlackBerry software slated for year end, WSJ says
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08:07 EDTMSFT21Vianet announces general availability of Microsoft Office 365 in China
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April 14, 2014
10:02 EDTMSFTOn The Fly: Analyst Downgrade Summary
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05:36 EDTMSFTMicrosoft downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded its rating on Microsoft (MSFT) to Hold from Buy citing valuation and concerns over the closing of the Nokia unit acquisition. The firm has a $42 price target for shares.
April 11, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 13 to 1831
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06:01 EDTBHIBaker Hughes reports Q1 well count increases Q4 YoY
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April 10, 2014
08:44 EDTMSFTCLSA technology analysts hold an analyst/industry conference call
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08:00 EDTMSFTSony PS4 grants Hirai profit potential as risk decreases, Bloomberg says
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06:23 EDTMSFTIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero – in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
06:14 EDTMSFTMicrosoft may release server orders to Taiwan ODMs, DigiTimes reports
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03:19 EDTHCLPHi-Crush Partners announces extension of supply agreement with FTS
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