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Stock Market & Financial Investment News

News Breaks
July 17, 2014
15:05 EDTIBM, AAPLEarnings 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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July 11, 2014
15:59 EDTAAPLOptions Update; July 11, 2014
iPath S&P 500 VIX Short-Term Futures down 33c to 28.25. Option volume leaders: AAPL C GILD X FB GOOG AMZN TWTR TSLA according to Track Data.
10:17 EDTAAPLFirm raises Apple price target on iPhone 6 optimism
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFC C SUNE FB AMZN TSLA TWTR
09:14 EDTAAPLSanDisk has several positive catalysts, says Sterne Agee
Sterne Agee expects SanDisk (SNDK) to benefit from several developments, including a strengthening high margin retail market and new Apple (AAPL) products that will include embedded MCP and SSDs. The firm expects SanDisk to report solid June quarter results and guide to a stronger September quarter. It keeps a Buy rating.
08:49 EDTAAPLJune CIO survey indicates strong 2H, says Morgan Stanley
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08:25 EDTAAPLApple price target raised to $112 from $102 at Canaccord
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07:26 EDTAAPLApple, Coke on board with Obama 'SupplierPay' initiative, WSJ says
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07:04 EDTAAPLAnalyst Ming-Chi Kuo: iWatch to enter mass production in November, 9to5Mac says
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July 10, 2014
16:00 EDTAAPLOptions Update; July 10, 2014
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14:14 EDTAAPLChinese telecom companies to cut marketing spending, WantChinaTimes says
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10:27 EDTAAPLInvenSense likely won designs across Apple product lines, says Rosenblatt
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09:56 EDTAAPLApple reportedly orders 68M iPhone 6 units, Mac Rumors reports
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09:36 EDTAAPLActive equity options trading on open
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08:10 EDTAAPLMorgan Stanley's Vintage Values 2015 list selected
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07:54 EDTAAPLTSMC begins shipping microprocessors to Apple, WSJ reports
TSMC (TSM) has begun shipping microprocessors to Apple (AAPL) for use in smartphones and tablets, reports the Wall Street Journal. According to people familiar with the matter, TSMC began shipping the microprocessors in Q2 and agreed to work together on more advanced chips next year. Reference Link
07:47 EDTIBMIBM volatility up and into Q2
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06:26 EDTAAPLTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:18 EDTAAPLIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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05:57 EDTAAPLApple wins EU trademark for store layouts, AP reports
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05:24 EDTIBMIBM announces $3B cloud, big data systems research initiative
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