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Stock Market & Financial Investment News

News Breaks
March 18, 2014
16:24 EDTPVA, MSFT, DSW, MRCY, HTZ, SFLY, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher as Russia confirmed it will look to annex Crimea, but that it is not seeking to further split up Ukraine. Investors may be fatiguing from reacting to the situation regarding the two nations, but stock futures did react favorably during this morning's televised account of Russian President Putin's parliament meeting. The Federal Reserve began its two-day policy meeting, with Chair Janet Yellen scheduled to give her first press conference after the meeting's conclusion. Investors await any potential changes in the central bank's forward guidance and are interested to see if the bank will continue to taper its monthly asset purchases at the same pace. ECONOMIC EVENTS: In the U.S., consumer prices rose 0.1% in February, matching the consensus forecast of economists. Housing starts fell 0.2% from the prior month in February to a rate of 907K, while building permits rose 7.7% to a rate of 1.02M. In Europe, Vladimir Putin formally called for Crimea and Sevastopol to be annexed and added to Russia, but added in his address to his parliament that Russia is not seeking to split up Ukraine. A measure of German economic expectations dropped more-than-expected to 46.6 in March, with the Crimea crisis attributed as a contributing factor. COMPANY NEWS: Rental car company Hertz (HTZ) announced plans to separate its equipment rental business, which had been telegraphed in recent media reports. The company also reported quarterly earnings and gave a fiscal 2014 earnings outlook that missed expectations. Additionally, Hertz announced a $1B share repurchase plan. While the stock traded more than 3x its daily average volume, shares of the company closed the session down 14c, or 0.51%, at $27.08... Microsoft (MSFT) was the Dow's biggest gainer, adding $1.50, or 3.94%, to $39.55 after reports that the company will introduce its Office suite for Apple's (AAPL) iPad at a press event on March 27. Analysts at Barclays said in a note to investors that potential monetization benefits from Office to the company from are under appreciated, while analysts at Citigroup said the potential launch of Office on iPad is unlikely to be a "meaningful driver" for the company. MAJOR MOVERS: Among the notable gainers was Mercury Systems (MRCY), which rose $2.12, or 19.19%, to $13.17 after The Wall Street Journal reported that the company is in the early stages of selling itself in a deal that could be worth around $500M. Also higher was Penn Virginia (PVA), up $2.13, or 15.65%, to $15.74 after activist investor Soros Fund Management disclosed that it has taken a 9.18% stake and urged the company to explore strategic alternatives. Among the noteworthy losers was Shutterfly (SFLY), down $2.39, or 4.74%, to $48.04 after analysts at Cowen downgraded shares two notches to Underperform from Outperform, saying the company's recent growth slowdown has continued into 2014. Also lower was DSW (DSW), down $1.09, or 2.73%, to $38.90 after its quarterly revenue disappointed and the company said it sees fiscal 2014 revenues to grow 6%-7%, with comparable-store sales growth in the low-single digit range. INDEXES: The Dow was up 88.97, or 0.55%, to 16,336.19, the Nasdaq was up 53.36, or 1.25%, to 4,333.31, and the S&P 500 was up 13.42, or 0.72%, to 1,872.25.
News For HTZ;MSFT;AAPL;MRCY;PVA;SFLY;DSW From The Last 14 Days
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March 17, 2015
07:03 EDTDSWDSW sees FY15 EPS $1.80-$1.90, consensus $1.90
Sees FY15 revenue growth of 7%-8%, consensus $2.64B. Sees FY15 comparable sales growth in low to mid-single digit range. The company expects to open 35 new stores, including 8-10 small format stores. Sees FY15 tax rate of 39%.
07:02 EDTDSWDSW board increased quarterly dividend to 20c from 18.75c
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07:01 EDTDSWDSW reports Q4 comparable sales up 7.6%
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07:01 EDTDSWDSW reports Q4 adjusted EPS 35c, consensus 28c
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06:50 EDTAAPLBanks unhappy with high Apple Pay fraud rates, NY Times says
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06:37 EDTAAPLAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTAAPLChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
05:46 EDTAAPLApple set to launch online TV service this year, Financial Times reports
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March 16, 2015
16:25 EDTMRCYMercury Systems receives $2M in orders from U.S. Navy for DRFM Jammers
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16:00 EDTAAPLOptions Update; March 16, 2015
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15:26 EDTDSWNotable companies reporting before tomorrow's open
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15:24 EDTAAPLCablevision to provide HBO NOW via Optimum Online
Cablevision (CVC) and Time Warner's (TWX) Home Box Office announced that they have reached an agreement to offer standalone streaming service HBO NOW to Optimum Online customers via the internet. Optimum is the first cable provider to partner with HBO to offer the new service, which is expected to launch in April in time for the fifth season of Game of Thrones, the companies said. Cablevision plans to provide pricing and other particulars for HBO NOW in the coming weeks. Terms of the agreement were not disclosed. Apple (AAPL) and Time Warner announced on March 9 that HBO NOW will premier on Apple devices in April.
14:13 EDTAAPLApple to offer Android users rebates to switch to iPhones, 9to5Mac says
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12:59 EDTDSWDSW March volatility increases into Q4 and outlook
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10:44 EDTAAPLNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:28 EDTPVAOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
09:37 EDTAAPLActive equity options trading on open
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09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
March 15, 2015
18:20 EDTAAPLApple's $17,000 watch looks over-priced, Barron's says
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