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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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October 20, 2014
06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
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06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
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17:42 EDTIBMIBM to make 'major business announcement'
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October 17, 2014
16:55 EDTAAPLStocks end volatile week lower amid oil price plunge
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16:01 EDTAAPLOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:46 EDTAAPLApple October weekly volatility elevated into Q4
Apple October weekly call option implied volatility is at 41, November is at 28, December is at 26, January is at 25 compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 on October 20.
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
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09:38 EDTAAPLActive equity options trading on
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09:32 EDTAAPLVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
07:53 EDTAAPLFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPLLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
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