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Stock Market & Financial Investment News

News Breaks
February 22, 2013
16:17 EDTHPQ, AIG, WBMD, ARUN, MMSI, INTOn The Fly: Closing Wrap
Stock futures were higher during the pre-market trading session following better than expected earnings reports from Dow components AIG (AIG) and Hewlett-Packard (HPQ) and a positive confidence reading out of Germany. The futures action led to a higher open for the broader market. The averages found an immediate level where they sat for the first half of the session, before finally breaking out a bit toward the upside. The averages closed in positive territory for the eighth consecutive Friday, which includes every Friday in 2013, and the move pushed the Dow into the green for the week... ECONOMIC EVENTS: In the U.S., no market moving economic data was reported. In Germany, official data confirmed an earlier estimate that the nation's GDP shrank 0.6% 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. 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 surged $2.10, or 12.28%, to $19.20 and led the Dow Jones Industrial Average after its Q1 results topped estimates, as did its earnings guidance... MAJOR MOVERS: Among the other notable gainers following their earnings reports were WebMD (WBMD), which rose $4.14, or 25.4%, to $20.44, and Aruba Networks (ARUN), up $4.60, or 22.13%, to $25.40. Among the noteworthy losers was Merit Medical (MMSI), which fell $2.10, or 15.18%, to $11.73 and was downgraded at Raymond James following its quarterly report. Also lower were shares of World Fuel Services (INT), down $4.47, or 10.16%, to $39.51 after the company reported revenues and profits that disappointed... INDICES: The Dow was up 119.95, or 0.86%, to 14,000.57; the Nasdaq was up 30.33, or 0.97%, to 3,161.82; and the S&P 500 was up 13.18, or 0.88%, to 1,515.60.
News For HPQ;AIG;WBMD;ARUN;MMSI;INT From The Last 14 Days
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October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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06:24 EDTHPQStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTHPQGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:21 EDTHPQHP dismisses concerns about drop in global notebook market share, DigiTimes says
HP has dismissed concerns from Taiwan supply chain makers that say the company's global notebook market share may drop significantly following the split, reports DigiTimes. According to makers, HP said it will maintain notebook operations with 2015 target shipments of at least 31M units. Reference Link
October 16, 2014
07:21 EDTHPQHP split-up speaks to value of businesses, says Brean Capital
Brean Capital thinks the HP plan to split into two companies speaks to the inherent value of its businesses. The firm believes the split could be a beginning, with the next phase consisting of M&A activity. Brean Capital maintains its Buy rating and $45 price target on HP shares.
October 15, 2014
12:36 EDTHPQOn The Fly: Midday Wrap
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10:02 EDTHPQOn The Fly: Analyst Downgrade Summary
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09:20 EDTHPQOn The Fly: Pre-market Movers
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08:15 EDTHPQHP resumes buyback with EMC merger talks reportedly over
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08:08 EDTHPQHP up 1% to $32.60 after resuming buyback, reaffirming outlook
08:07 EDTHPQHP reaffirms outlook for FY14, FY15
HP reaffirms its FY14 estimate of non-GAAP EPS to be in the range of $3.70-$3.74, which excludes after-tax costs of approximately $1.10 per share, related primarily to restructuring charges and amortization of intangible assets. The consensus estimate is $3.73. For FY15, HP reaffirms its estimate of non-GAAP EPS to be in the range of $3.83-$4.03, which excludes after-tax costs of approximately 60c per share, related primarily to amortization of intangible assets and restructuring charges. The consensus estimate is $3.94. HP reaffirms its FY15 operating cash flow outlook of $10B-$10.5B, with free cash flow of $6.5B-$7B.
08:04 EDTHPQHP resumes share repurchase program under current authorization
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08:03 EDTHPQHP announces resumption of share buyback program
06:32 EDTHPQTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:14 EDTHPQHP, EMC halt merger agreement discussions, Reuters says
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October 14, 2014
16:18 EDTWBMDShannon River reports 5.2% passive stake in WebMD
07:47 EDTHPQHP awarded $50M Medicaid contract extension by Massachusetts
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October 13, 2014
11:46 EDTHPQHP nears six-month lows, levels to watch
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09:23 EDTHPQHP could buy lower valuation company, says Bernstein
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09:21 EDTHPQOn The Fly: Pre-market Movers
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