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Stock Market & Financial Investment News

News Breaks
February 21, 2013
14:02 EDTHPQEarnings Preview: HP shares recover after $8.8B charge related to Autonomy deal
Hewlett-Packard (HPQ) is set to report Q1 earnings after the market close on Thursday, February 21, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions... EXPECTATIONS: Analysts are looking for EPS of 71c on revenue of $27.79B, according to First Call. The consensus range for EPS is 68c-82c on revenue of $26.3B-$28.72B... LAST QUARTER: HP reported Q4 EPS of $1.16 against estimates for $1.14 on revenue of $29.96B against estimates for $30.34B. HP said it sees Q1 EPS ex-items 68c-71c against then estimates for 85c. HP affirmed its FY13 EPS view of $3.40-$3.60 against then estimates for $3.52; current FY13 EPS consensus is $3.49. In its Q4 report, HP said it was taking an $8.8B charge primarily related to its acquisition of UK-based software company Autonomy. The company said a majority of this charge was related to "serious accounting improprieties, disclosure failures and outright misrepresentations...that occurred prior to HP's acquisition of Autonomy." On December 27, HP said the Department of Justice had opened an investigation related to Autonomy, and on February 11 the Financial Reporting Council, the UK's accounting regulator, confirmed it was investigating Autonomy. Following Dell's (DELL) February 5 announcement that it was being taken private, HP released a statement saying it plans to take "full advantage" of any opportunities presented to the company as a result of Dell's deal. Since its Q4 report, reports of activist involvement in HP or a possible breakup of the company have circulated, though none of these reports have been publicly confirmed or denied... STREET RESEARCH: In the days following HP's Q4 results, shares were downgraded by at least four analyst firms. Following Dell's deal to be taken private, Jefferies said a takeover of HP is unlikely, and the firm maintains an Underperform rating on shares with a $10 price target. Wells Fargo issued a note in response to a story from Quartz that said HP's board was studying a breakup of the company, that said the firm thinks HP may spin off smaller units of the company, but that the PC or printer businesses are unlikely candidates to be spun off; Wells Fargo maintains a Market Perform rating on the stock. In a note earlier today, Sterne Agee maintained its Neutral rating on HP shares, saying that though shares remain inexpensive, continued pressure on HP's core businesses may reveal further downside in the stock... PRICE ACTION: Shares of HP are up over 26% since the first day of trading following its Q4 report. Shares of HP are up 0.6% in early afternoon trading ahead of its Q1 report.
News For HPQ From The Last 14 Days
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August 20, 2014
16:04 EDTHPQHP reports Q3 adjusted EPS 89c, consensus 89c
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16:01 EDTHPQOptions Update; August 20, 2014
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15:56 EDTHPQHewlett-Packard August weekly 35 straddle priced for 4.3% move into Q3
15:26 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
13:42 EDTHPQEarnings Preview: Analysts view HP positively ahead of Q3 earnings report
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11:54 EDTHPQHP technical comments before earnings
In the prior three months the shares have outperformed the broader averages, rising by more than 8%. The trend has had a decidedly bullish slant, with $36 at the high and $33 at the low. These bounds give us some guidance as to how price might behave depending on earnings and guidance. A breakout above $36 and notably the 52-week high at $36.21, would appear very probable if the news is better than already high expectations. Next major resistance would be at $38, a level not seen since early 2011. An extreme upside reaction could push the stock to $40.34. Given the strong bullish sentiment in the name, the risk may be more to the downside on a disappointment. The key level to watch on the downside if news or guidance is worse than expected is at the 50-day moving average, last at $34.57. A breakdown below the 50-day would break the intermediate-term uptrend and that would have bearish implications for future price. The $33 level would become the next important zone following such a break. A snap below $33 on an extreme disappointment would see $31.48 as next support.
08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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August 19, 2014
11:05 EDTHPQImperva seen as takeover candidate under new CEO
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08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTHPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
August 18, 2014
13:12 EDTHPQMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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10:01 EDTHPQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Buy from Hold at Deutsche Bank... CNOOC (CEO) upgraded to Neutral from Underperform at Credit Suisse... Dollar General (DG) upgraded to Buy from Neutral at Sterne Agee... Equity Residential (EQR) upgraded to Hold from Underperform at Jefferies... HMS Holdings (HMSY) upgraded to Overweight from Equal Weight at First Analysis... HP (HPQ) upgraded to Buy from Neutral at Monness Crespi... Halcon Resources (HK) upgraded to Buy from Hold at MLV & Co.... KapStone (KS) upgraded to Buy from Hold at Deutsche Bank... Sportsman's Warehouse (SPWH) upgraded at RW Baird... Westlake Chemical (WLK) upgraded to Neutral from Reduce at SunTrust... WisdomTree (WETF) upgraded to Neutral from Sell at Citigroup... Zimmer (ZMH) upgraded to Outperform from Market Perform at William Blair.
07:41 EDTHPQHP upgraded to Buy from Neutral at Monness Crespi
07:39 EDTHPQHP remains a top pick ahead of Q3 results at Deutsche Bank
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August 14, 2014
15:24 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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06:09 EDTHPQGoogle, HP in talks to collaborate on 'virtual assistant,' The Information says
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August 13, 2014
07:55 EDTHPQHP free cash flow upside thesis intact, says Brean Capital
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August 12, 2014
10:31 EDTHPQEx-Autonomy CFO accuses HP of agreement cover-up, Re/code says
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August 11, 2014
15:24 EDTHPQBloomberg to hold a summit
Silicon Valley 2014 Cybersecurity Summit to be held in Palo Alto, California on August 12.
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