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Stock Market & Financial Investment News

News Breaks
May 23, 2014
11:07 EDTLNVGY, MSFT, IBM, AAPL, HPQHP rallies after announcing additional job cuts, positive analyst commentary
Shares of diversified technology company Hewlett-Packard (HPQ) are advancing after the company announced additional job cuts, and received positive analyst commentary. WHAT'S NEW: Last night, Hewlett-Packard reported second quarter adjusted earnings per share of 88c and revenue of $27.3B, against consensus views of 88c and $27.4B, respectively. Q2 cash flow from operations was $3.0B. The company forecast Q3 adjusted EPS of 86c-90c, versus consensus of 89c. For FY14, adjusted EPS was seen at $3.63-$3.75, compared to consensus of $3.71. WHAT’S NOTABLE: Hewlett-Packard announced it would add 11,000-16,000 employees to its workforce reduction plan. Established in 2012, the restructuring effort originally called for 34,000 lay-offs. 41,000 total employees are slated to leave by the end of FY14, with the remainder departing by the end of FY15. The job cuts will be made across almost all of the company's business units and across all geographies. CEO Meg Whitman said she was, "not at all disappointed," and that it was, "the natural course of what makes sense in a turnaround of this size and scale." She does not anticipate additional job cuts when this program is finished. ANALYST REACTION: This morning, analyst commentary was positive. Deutsche Bank recommended using any weakness in shares of HP following the company's Q2 results and additional job cuts announcement as a buying opportunity. The firm believed HP is seeing demand stabilization and that the job cuts will drive improved operational efficiencies. Deutsche kept a Buy rating on HP with a $40 price target. Citigroup believed HP's cost savings will drive further upside to its earnings outlook. The firm sees "meaningful upside" to the stock and believes HP's cost savings are underappreciated. Citi kept a Buy rating on the name with a $40 price target. Morgan Stanley said HP's additional restructuring addressed weaker Enterprise Services results and provides additional investment. The firm's FY15 EPS of $4.05 vs. consensus of $3.85 assumes a strong Q4 and a margin rebound in Enterprise Services. Shares were Overweight rated with a $36 price target. PRICE ACTION: In late morning trading, Hewlett-Packard rose $1.97, or about 6.2%, to $33.75 on heavy trading volume. Including today’s advance, the stock has gained over 35% over the past twelve months. OTHERS TO WATCH: Other diversified technology companies include IBM (IBM), Lenovo Group (LNVGY), Apple (AAPL) and Microsoft (MSFT).
News For HPQ;IBM;LNVGY;AAPL;MSFT From The Last 14 Days
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February 13, 2015
07:05 EDTMSFTMicrosoft volatility at historic lows
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06:14 EDTAAPLTSMC transfers more peripheral IC orders to Vanguard, DigiTimes reports
TSMC (TSM) has transferred more orders for peripheral ICs for use in Apple's (AAPL) mobile devices to Vanguard International, reports DigiTimes. According to industry sources, Vanguard has already entered Apple's supply chain by providing TSMC 8-inch production capacity for power management IC orders placed by Dialog Semiconductor. Reference Link
06:14 EDTLNVGYSamsung, HTC, others to launch non-Android Wear smart devices, DigiTimes says
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06:01 EDTHPQHP volatility elevated into Q1 and growth outlook
HP February call option implied volatility is at 23, March is 30, April is at 28, August is at 27; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on February 24.
05:53 EDTAAPLApple price target raised to $150 from $130 at UBS
UBS analyst Steven Milunovich raised his price target for Apple shares to $150 from $130 citing the tech giant's "expanding ecosystem." Milunovich believes services based on Apple's operating system, such as Apple Pay, Car Play, HomeKit, and HealthKit, will play key role in extending Apple's reach. He believes Apple is evolving into a "platform company" from a "device company" and that this transition may bring the iPhone maker's market capitalization to $1T. Milunovich has a Buy rating on Apple. The stock closed yesterday up $1.58 to $126.46, representing a market cap of $739B.
05:45 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 12, 2015
16:02 EDTAAPLOptions Update; February 12, 2015
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14:39 EDTAAPLIntel Foundation selling out of stake in Imagination Technologies, DJ reports
Intel Foundation (INTC) is offering 13.4M shares, or about a 4.9% stake, in Imagination Technologies for sale and will no longer hold any stake in the maker of chips for smartphones sold by Apple (AAPL) following the transaction, according to Dow Jones, citing JP Morgan Securities PLC. Reference Link
13:21 EDTMSFTMicrosoft announces first build of Windows Phone 10 preview
Microsoft announced in a blog post that its first build of Windows 10 Technical Preview for phones is available now for Windows Insiders. "This is the earliest publicly available preview we’ve ever done for Windows on phones," Microsoft's Gabe Aul, the Data & Fundamentals Team leader, stated in the post. Reference Link
12:28 EDTAAPL, MSFTBridgewater Associates cut Apple stake in half last quarter
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12:21 EDTAAPLApple slips from earlier highs, levels to watch
After CNBC reported that Bridgewater cut its stake in half, the shares have been heading lower from the peak at $127.48. At the current price of $126.64, support is at $125.98, the opening price of the session.
12:10 EDTAAPLBridgewater cut Apple stake in half, CNBC reports
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11:09 EDTAAPLApple continues to set fresh life highs, levels to watch
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA WFM BIDU TWTR GILD FB AMAT EXPE TRIP
09:02 EDTAAPLApple price target raised to $140 citing products beyond iPhone at BofA/Merrill
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08:02 EDTAAPLApple Watch launch event could involve additional product reveals, CNBC says
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06:38 EDTMSFT, AAPLGoogle gives Apple, Microsoft 90 days to fix security flaws, Bloomberg says
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06:16 EDTMSFTMicrosoft set to acquire N-trig for about $200M, Globes reports
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06:06 EDTAAPLApple says more overtime, less 'conflict materials' in 2014, Financial Times say
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05:55 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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