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Stock Market & Financial Investment News

News Breaks
December 28, 2012
12:11 EDTOMER, PSO, AEZS, BKS, CALL, HPQOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday on continued uncertainty surrounding the fiscal cliff. Headlines around mid-morning said that President Obama will propose a scaled-back budget in his meeting with Congressional Leaders this afternoon, and this news briefly sent the averages higher though they remained below the flatline and these gains had been largely pared around midday... ECONOMIC NEWS: In the U.S., the December Chicago PMI came in at 51.6 vs. expectations for a 51.0 reading. November Pending Home Sales were up 1.7% against the previous month, against expectations for a 1.8% rise. Crude Oil Inventories came in at a 586k draw vs. expectations for a 1.75M draw, and gasoline inventories increased 3.78M barrels vs. expectations for an 850k barrel increase. The weekly EIA natural gas report reported a 72Bcf draw, which was in-line with expectations... COMPANY NEWS: Hewlett-Packard (HPQ) disclosed in its 10k filing last night that the Department of Justice has begun an investigation into the company's acquisition of Autonomy, and shares of HP were down about 2% at midday... Barnes & Noble (BKS) announced that Pearson (PSO) had signed an agreement with its NOOK unit to invest $89.5M in cash in the unit. Barnes & Noble also said that its holiday sales results would fall short of expectations, but shares of the bookseller opened higher and were trading up over 6% near midday... MAJOR MOVERS: Among notable gainers was magicJack (CALL), up about 10% after naming a new CEO and saying that it expects its FY12 results to exceed expectations. Also higher were shares of Aeterna Zentaris (AEZS), up 15% after it announced an agreement with the FDA regarding a Special Protocol Assessment for an upcoming phase 3 trial. Among noteworthy losers were shares of Omeros (OMER), down over 10% after the company reported last night that a phase 3 clinical trial did not meet all endpoints, though shares were defended at Wedbush... INDICES: Near noon, the Dow was down 59.47, or 0.45%, to 13,036.84; the S&P was down 5.94, or 0.42%, to 1,412.16; the Nasdaq was down 7.31, or 0.24%, to 2,978.60.
News For HPQ;BKS;PSO;CALL;AEZS;OMER From The Last 14 Days
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December 17, 2014
10:14 EDTHPQHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
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December 15, 2014
11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
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10:05 EDTHPQHP participates in a conference call with Oppenheimer
Oppenheimer hosts Antonio Neri, Senior Vice President & General Manager-Enterprise Group, who discusses HP convergence, servers and networking on a conference call to be held on December 15 at 11 am.
December 12, 2014
07:12 EDTHPQHP reinstated with a Buy at BofA/Merrill
Target $47.
December 10, 2014
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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December 8, 2014
07:28 EDTHPQFBN Securities to hold a bus tour
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
December 5, 2014
16:52 EDTBKSDow just below 18K as market finishes week with gains
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15:12 EDTBKSBarnes & Noble NOOK said to be potential target for Wal-Mart, Bloomberg reports
Wal-Mart (WMT) is interested in e-books and could target Barnes & Noble's (BKS) NOOK Media, said TheDeal, according to Bloomberg.

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