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Stock Market & Financial Investment News

News Breaks
November 21, 2012
06:38 EDTHPQ, CIM, AMCC, QIHU, WU, DAL, PAA, CSCO, FXI, DUK, URBN, CRM, BBY, INTC"Mad Money" Recap
Jim Cramer last night on his “Mad Money" show called the stocks of Hewlett-Packard (HPQ) and Best Buy (BBY) total disasters. HP assembles products that are declining, while Best Buy’s fundamentals are weakening and its rumored takeover may never occur, Cramer said. In the “Executive Decision” segment of the show, Salesforce.com (CRM) CEO Marc Benioff told Cramer that the company is focusing on revenue and market share, rather than profits. Salesforce.com is also collaborating with HP in an attempt to boost the troubled hardware maker, the CEO said. Turning to the retail space, Cramer said that Urban Outfitters’ (URBN) recent results were better than they looked. The company is well-positioned to deliver great results this quarter, the host added. LIGHTNING ROUND: (Bullish) Duke Energy (DUK), iShares FTSE China 25 (FXI), Cisco Systems (CSCO) and Plains All American Pipeline (PAA). (Bearish) Delta Air Lines (DAL), Western Union (WU), Qihoo (QIHU), Applied Micro Circuits (AMCC), Chimera Investment (CIM) and Intel (INTC)
News For HPQ;BBY;CRM;URBN;DUK;FXI;CSCO;PAA;DAL;WU;QIHU;AMCC;CIM;INTC From The Last 14 Days
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October 9, 2014
08:53 EDTHPQAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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08:04 EDTWUWestern Union continues expansion, signs Mi Pueblo
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07:34 EDTCRMSalesforce.com coverage assumed with a Buy at MKM Partners
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07:34 EDTHPQHP has room to grow, gave conservative guidance, says Brean Capital
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07:03 EDTINTCIntel quarter to be in-line or modestly better, says Piper Jaffray
Piper Jaffray expects Intel's quarterly results on October 14 to be in-line to modestly above consensus. The firm's channel checks indicate PC demand trends will remain stable into year-end amid solid corporate demand. Piper reiterates an Overweight rating on Intel with a $37 price target.
06:55 EDTHPQAnalyst says PC company likely to get much of HP debt, Re/code reports
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06:52 EDTHPQ, CSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:29 EDTHPQIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
October 8, 2014
16:56 EDTINTC, HPQGartner says worldwide PC shipments in Q3 declined 0.5%
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11:24 EDTDALDelta Air Lines volatility increases as shares trade near five-month low
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11:04 EDTHPQEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTHPQOptions with decreasing implied volatility
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10:00 EDTINTCOn The Fly: Analyst Initiation Summary
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09:53 EDTHPQHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTHPQHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTHPQHP, EMC still doing work on potential deal, CNBC reports
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
07:46 EDTPAAPlains All American increases quarterly distribution by 2.3% to 6.6c
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06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
06:13 EDTHPQNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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