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Stock Market & Financial Investment News

News Breaks
February 22, 2013
12:18 EDTHPQ, AIG, WBMD, ARUN, FIRE, MMSI, FROOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, bouncing back from two down days fueled by worries that the Fed may pull back on its easing actions sooner than expected. European markets were helped by a better than expected German business confidence survey, despite some other downbeat data and forecasts, and U.S. markets followed their lead. Also helping the Dow was better than expected earnings from two of its members... ECONOMIC EVENTS: In the U.S., no market moving economic data was reported. In Germany, Federal Statistics Office data confirmed an earlier flash estimate that the nation's GDP shrank 0.6% from the prior quarter in the last three months of 2012. However, the Ifo Institute business confidence reading rose to 107.4 from 104.2 in January, beating expectations for a 105.0 February figure. Also in Europe, the European Commission lowered it forecast for gross domestic product in the 17-nation region, estimating now that GDP will fall 0.3% this year. The EC predicted in November that the region's economy would grow 0.1% in 2013... COMPANY NEWS: Hewlett-Packard (HPQ) surged 9% higher and led the Dow Jones Industrial Average after its Q1 results topped estimates on both the top and bottom lines. HP's earnings guidance for the current quarter was also better than expected. Also reporting better than expected results, and seeing its shares rise, was fellow Dow component American International Group (AIG). The insurer's operating earnings were better than forecast and its stock advanced over 2%... MAJOR MOVERS: Among the other notable gainers following their earnings reports were WebMD (WBMD), up 24%, Aruba Networks (ARUN), up 21% and Sourcefire (FIRE), up 14%. Among the noteworthy losers was Merit Medical (MMSI), which fell 19% and was downgraded at Raymond James following its quarterly report. Also lower were shares of Frontline (FRO), which declined nearly 14% after the company provided preliminary Q4 earnings, said it expects the following quarter's operating results to be lower and announced it will will not pay a dividend for Q4... INDICES: Near noon, the Dow was up 69.34, or 0.50%, to 13,949.96; the Nasdaq was up 17.80, or 0.57%, to 3,149.29; and the S&P 500 was up 7.59, or 0.51%, to 1,510.01.
News For HPQ;AIG;WBMD;ARUN;FIRE;MMSI;FRO From The Last 14 Days
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April 10, 2014
08:01 EDTHPQPC market decline 'much less' than feared, says Citigroup
Citigroup says data yesterday from IDC showing a Q1 PC unit decline of 4% was "much less than feared." Citi continues to view HP (HPQ) as its top IT Hardware stock. It has a Buy rating on HP with a $40 price target.
06:56 EDTHPQHP estimates raised above consensus at Morgan Stanley
Morgan Stanley raised Overweight rated HP FY15-16 estimates above consensus to reflect a margin recovery in Enterprise Services. The firm's FY15 EPS estimate goes to $4.05 vs. consensus of $3.84 and price target is raised to $36 from $34.
06:55 EDTHPQHP initiated with a Buy at Deutsche Bank
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06:23 EDTHPQIDC 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.
April 9, 2014
17:26 EDTHPQGartner says worldwide PC shipments in Q1 fell 1.7%
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12:20 EDTHPQHP announces $108M settlement with DOJ and SEC
HP announced a resolution of a U.S. Department of Justice and U.S. SEC investigation of potential violations of the Foreign Corrupt Practices Act. HP will pay approximately $108M to these two U.S. government agencies. HP also has agreed to undertake certain compliance, reporting and cooperation obligations.
07:02 EDTAIGAIG poised to surge this year, says Bernstein
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06:48 EDTHPQSienkiewicz says HP to acknowledge 'corrupt' activities in Poland, Reuters says
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05:58 EDTHPQHP implied volatility of 27 at lower end of index mean range
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April 8, 2014
07:28 EDTFIRESecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
06:04 EDTAIGStocks with implied volatility movement; WFM AIG
Stocks with implied volatility movement; Whole Foods (WFM) 33, AIG (AIG) 24 according to iVolatility.
April 7, 2014
07:03 EDTAIGAIG loss ratio to continue to improve, says Bernstein
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06:39 EDTHPQTwo HP executives arrested in Pakistan, WSJ reports
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April 5, 2014
11:24 EDTHPQHP could rise 20%, Barron's says
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April 4, 2014
10:02 EDTARUNOn The Fly: Analyst Initiation Summary
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09:24 EDTARUNAruba Networks outlook has improved, says Pacific Crest
After meeting with Aruba's management, Pacific Crest is more confident that a number of catalysts will boost the company's revenue and margins beyond expectations. The firm expects the company's profits to grow at a 40% clip this year and next. It keeps an Outperform rating on the shares.
08:13 EDTWBMDWebMD Chief Operating and Technology Officer leaving company
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07:21 EDTAIGAIG sues NY regulator over investigation of insurance marketing, Reuters says
AIG said it is suing the New York State Department of Financial Services and its superintendent, Benjamin Lawsky, to force them to back off a threatened expensive enforcement proceeding over possible violations of state law by a former unit, reported Reuters. Reference Link
April 3, 2014
16:13 EDTARUNAruba Networks initiated with an Outperform at Northland Securities
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06:55 EDTAIGAIG shares can double or more, says Bernstein
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