New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on IBM;AAPL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>
September 5, 2014
08:22 EDTAAPLNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:30 EDTAAPLApple iWallet would be positive for payment networks, says JPMorgan
Subscribe for More Information
07:26 EDTAAPLApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
07:05 EDTAAPLApple shares could work going forward, says RBC Capital
Subscribe for More Information
06:29 EDTAAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
Subscribe for More Information
06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
Subscribe for More Information
06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
September 4, 2014
17:32 EDTAAPLApple can head higher, Samsung event underwhelms, Barron's says
Subscribe for More Information
16:00 EDTAAPLOptions Update; September 4, 2014
Subscribe for More Information
11:59 EDTAAPLApple to feature NFC in iWatch as well as iPhone, WSJ says
Subscribe for More Information
11:20 EDTAAPLApple iPhone 6 seen lacking sapphire cover, AppleInsider says
Subscribe for More Information
09:35 EDTAAPLActive equity options trading on open
Subscribe for More Information
09:08 EDTAAPLExperts: Photo theft should highlight cloud risk, The Hill reports
The recent theft of celebrity photos from Apple's iCloud should make people realize the dangers of using the cloud to store personal information, The Hill quoted security experts as saying. Meanwhile, the website reported that the Federal Trade Commission could launch a probe in response to the incident, while Congress may also respond. Reference Link
08:47 EDTAAPLApple shares should be bought on weakness, says JMP Securities
Subscribe for More Information
07:30 EDTAAPLApple has good read through from ineffective Samsung launch, says Cantor
Subscribe for More Information
06:51 EDTAAPLApple's iPhone 6 subsidies unlikely to be cut in China, WantChinaTimes says
Subscribe for More Information
06:40 EDTAAPLApple, others restart discussions with tech staff in hiring suit, Reuters says
Subscribe for More Information
06:30 EDTAAPLIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
Subscribe for More Information
06:22 EDTAAPLeBay to meet PayPal estimates despite competition, says Piper Jaffray
Subscribe for More Information
05:56 EDTAAPLStocks with implied volatility movement; END AAPL
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use