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Stock Market & Financial Investment News

News Breaks
December 28, 2012
12:11 EDTHPQ, BKS, PSO, CALL, AEZS, OMEROn 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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October 20, 2014
10:25 EDTHPQIBM CEO says company already has been aggressive on changing
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07:16 EDTOMERAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.
October 17, 2014
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
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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