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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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March 17, 2015
09:39 EDTAAPLApple will ship 59M iPhones in CQ1, above consensus, says ITG Research
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09:34 EDTAAPLActive equity options trading on open
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09:27 EDTAAPLApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:15 EDTAAPLApple streaming service may pave way for bigger ambitions, says Cantor
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09:07 EDTAAPLDISH's Sling TV launches on Xbox One
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09:05 EDTAAPLMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAAPLBoeing may produce satellite for tech giants, Reuters says
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07:28 EDTAAPLApple TV may provide boost for advertising unit, Business Insider says
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07:12 EDTIBMDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
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
16:00 EDTAAPLOptions Update; March 16, 2015
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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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12:56 EDTIBMIBM protest of Army contract an incremental negative for CACI, says Maxim
According to a Washington Technology article, IBM (IBM) successfully protested a $158M Army-payroll contract awarded to CACI (CACI). Maxim expects the contract to be re-evaluated and for CACI to still prevail and win, but the revenue ramp will take longer than previously anticipated. The firm rates CACI a Buy with a $101 price target.
12:54 EDTIBMContract awarded to CACI protested by IBM, Washington Technology reports
A $158M Army payroll and personnel contract that was awarded to CACI (CACI) has been successfully protested by IBM (IBM) and the contract has been dismissed, Washington Technology reports. Reference Link
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.
09:37 EDTAAPLActive equity options trading on open
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