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Stock Market & Financial Investment News

News Breaks
July 17, 2014
15:05 EDTAAPL, IBMEarnings Preview: IBM reports after Apple deal, dividend hike
International Business Machines (IBM) is expected to report second quarter earnings after the close on Thursday, July 17, with a conference call scheduled for 4:30 pm ET. IBM, an information technology services and software company, is a member of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $4.29 on revenue of $24.13B. The consensus range is $4.07-$4.39 for EPS on revenue of $23.5B-$24.59B, according to First Call. LAST QUARTER: On April 16, IBM reported first quarter EPS of $2.54, matching the consensus estimate. Revenue came in at $22.5B, trailing the consensus $22.91B projection. IBM reported Q1 software segment revenue grew 2% to $5.7B and that technology services revenue fell 3% to $9.3B. IBM also said it still sees 2014 EPS of "at least" $18.00, which compared to consensus at the time of $17.84 and current consensus of $17.87. On IBM's Q1 earnings conference call, company management said, "As we look to the balance of 2014, we continue to expect good performance in the key growth areas, though our overall revenue growth will be impacted by the challenges in our hardware business and the customer care divestiture." IBM added that it still expects to deliver "at least" $20.00 in operating EPS in 2015. Current consensus for its FY15 EPS is $19.78. NEWS: On April 23, IBM unveiled new Power Systems servers that the company said would allow data centers to manage large data requirements with unprecedented speed. The new servers culminate a $2.4B investment, three-plus years of development and exploit the innovation of hundreds of IBM patents, the company stated. Less than a week later, IBM introduced a cloud-based marketplace which it said would be one of the primary channels through which the company will deliver "IBM as a Service." At the end of April, IBM declared a regular quarterly cash dividend of $1.10 per common share, which was an increase of 15c from its prior quarterly dividend. On June 11, Bloomberg reported, citing people familiar with the matter, that IBM was close to finalizing an agreement to sell its its chip-making business to Globalfoundries. Two days ago, IBM announced an exclusive partnership with Apple (AAPL) that will bring IBM’s big data and analytics capabilities to iPhone and iPad. As part of the partnership, IBM will introduce a new class of more than 100 industry-specific enterprise solutions including native apps, developed exclusively from the ground up, for iPhone and iPad, as well as unique IBM cloud services optimized for iOS. As part of the agreement, IBM will also sell iPhones and iPads with the industry-specific solutions to business clients worldwide. STREET RESEARCH: On the day after IBM's last report, analyst opinion on its results and prospects was lukewarm. Goldman Sachs said IBM reported "another tough quarter" on weakness in emerging markets and increasing competition in application outsourcing. The firm lowered its price target on the shares to $173 from $175 and kept a Neutral rating on the name at that time. JPMorgan raised its price target for IBM shares to $197 from $175, despite calling the company's operating metrics in Q1 "weaker than expected." JPMorgan also kept a Neutral rating on the stock. Earlier this month, Bernstein noted the press reports that indicated IBM was getting closer to a deal to sell its Microelectronics business to Global Foundries. The firm said reports claimed the business loses up to $1.5B per year, but Bernstein estimates that the unit only loses around $500M per year and that the benefits of potential deal for IBM may have been overstated. The firm kept a Market Perform rating on the shares. PRICE ACTION: In afternoon trading ahead of tonight's report, IBM is up fractionally over $193 per share. IBM's stock has risen almost 2% over the last three months.
News For IBM;AAPL From The Last 14 Days
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April 15, 2015
16:01 EDTAAPLOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
15:05 EDTAAPLEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTAAPLSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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09:35 EDTAAPLActive equity options trading on open
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08:56 EDTAAPLVIX methodology for Apple elevated at 35.58
VIX methodology for Apple (VXAPL) at 35.58 compared to its 50-day moving average of 28.57.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
08:01 EDTAAPLApple services profit contribution rising, says UBS
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06:35 EDTAAPLSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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06:18 EDTAAPLApple, Google, others doubling down on European operations, WSJ reports
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06:14 EDTAAPLSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTAAPLSmart wearaable device vendors avoid Apple Watch competition, DigiTimes says
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April 14, 2015
17:45 EDTAAPLApple acquires Israel-based camera-technology company LinX, WSJ says
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16:00 EDTAAPLOptions Update; April 14, 2015
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12:01 EDTAAPLApple says ResearchKit now available to medical researchers
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10:27 EDTAAPLSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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09:43 EDTAAPLApple to discuss future of iOS and OS X at conference on June 8
Apple announced that it will hold its 26th annual Worldwide Developers Conference June 8 through June 12 at San Francisco’s Moscone West. At WWDC, Apple’s developer community will come together to learn about the future of iOS and OS X. WWDC will feature more than 100 technical sessions, over 1,000 Apple engineers, hands-on labs to help developers integrate technologies and fine tune their apps. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
08:40 EDTAAPLSeveral signs suggest Apple may build a car, says Bernstein
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05:48 EDTAAPLReport: Foxconn engaged in selling second-hand iPhones in China, DigiTimes says
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