New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 21, 2014
13:00 EDTSHLD, ONNN, HPQ, SMTCOn The Fly: Midday Wrap
The market opened in positive territory and drifted throughout the morning session. The Dow was the clear leader, while the Nasdaq lagged and struggled to stay in positive territory. Small cap stocks continued to struggle, as they did yesterday. The S&P is hovering near its all-time highs thanks to strength in countercyclical sectors, while the cyclical groups are showing weakness. ECONOMIC EVENTS: Jobless Claims data continues to trend lower, with the week of August 16 coming in at 298K vs. a consensus of 300K... The PMI Manufacturing Index Flash was strong at 58.0 for August, up 1.7 points from the July flash of 56.3. COMPANY NEWS: Hewlett-Packard (HPQ) reported Q3 earnings after the close last night, delivering year-over-year revenue growth for the first time in three years. The stock is trading up 5% to a 52-week high. MAJOR MOVERS: Sears Holding (SHLD) is down over 8% after reporting Q2 earnings this morning that missed on the top and bottom lines... Semtech (SMTC) and ON Semiconductor (ONNN) are rising after Bloomberg reported that they could be the next targets after the acquisition of International Rectifier (IRF) by Infineon (IFNNY). Semtech is up more than 5%, while ON Semiconductor is up over 2%. INDEXES: Near midday, the Dow was up 67.71, or 0.4%, to 17,046.84, the Nasdaq was up 0.76, or 0.02%, to 4,527.24, and the S&P 500 was up 5.05, or 0.25%, to 1,991.56.
News For HPQ;SHLD;SMTC;ONNN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.
08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
Subscribe for More Information
06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
Subscribe for More Information
December 15, 2014
11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
Subscribe for More Information
11:17 EDTSHLDSears to have about 1,700 Sears, Kmart stores in operation going into 2015
On a company blog post, Sears CEO Eddie Lampert said: "At our most recent Town Hall meeting with our associates, I explained that I want us to operate our stores both profitably and with excellence. Both, not just one or the other.This is the background behind our decision to close more than 200 Kmart and Sears stores in 2014. Most of these stores were losing money, some for a long time. Because of the impact on our dedicated associates and our Shop Your Way members, these decisions were not taken lightly, or without our working to improve the performance of these stores over many years. Going into 2015, we will have approximately 1,700 Sears and Kmart big box stores in operation, representing about 200 million square feet of space." Reference Link
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
Subscribe for More Information
December 8, 2014
07:28 EDTHPQFBN Securities to hold a bus tour
Subscribe for More Information
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
10:35 EDTONNNHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN
08:57 EDTSHLDSears risk/reward remains quite negative, says Evercore ISI
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use