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Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:21 EDTEVOK, VISN, BOBE, VMW, MTSL, BIDU, AMD, AMAG, SMCI, COH, CREE, GD, MSI, NUAN, EAT, IBMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Brinker International (EAT) up 8%... Super Micro Computer (SMCI), up 12.4%... Nuance (NUAN), up 8%... Cree (CREE), up 1%. ALSO HIGHER: VisionChina Media (VISN), up 46% after partnering with Baidu (BIDU) for digital television advertising... Evoke (EVOK) up 37% after intranasal metoclopramide found more effective in diabetics... DOWN AFTER EARNINGS: IBM (IBM), down 3.5%... Coach (COH), down 6.4%... AMD (AMD), down 7.7%... Motorola Solutions (MSI), down 8.3%... General Dynamics (GD), down 2%... Freeport-McMoRan (FCX), down 2%. ALSO LOWER: AMAG (AMAG), down 15.9% after receiving complete response letter from FDA for Feraheme sNDA... VMware (VMW), down 2.4% after acquiring AirWatch for $1.18B cash, $365M of installment payments... Bob Evans (BOBE), down 2% after lowering FY14 EPS outlook... MER Telemanagement (MTSL), down 18.3% after terminating agreement with SBC Communications.
News For IBM;MSI;COH;EAT;GD;SMCI;NUAN;CREE;AMAG;AMD;VMW;VISN;BIDU;BOBE;EVOK;MTSL From The Last 14 Days
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May 19, 2015
08:33 EDTAMDMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
07:35 EDTGDQatar Excutive to acquire thirty aircrafts from General Dynamics subsidiary
Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, announced that Qatar Executive has agreed to purchase up to 30 Gulfstream aircraft as part of a Memorandum of Understanding originally announced in October of last year. Qatar will take delivery of its G650ER in the Q4.
07:34 EDTIBMIBM invests in WayBlazer and Sellpoints
IBM announced two new investments in WayBlazer and Sellpoints to advance online travel and shopping apps powered by Watson. The announcement is part of IBM's $100M commitment to drive new innovations and business solutions that build on Watson and follows the company's recent investments in Modernizing Medicine and Pathway Genomics. The financial terms of IBM's investments were not disclosed.
07:01 EDTGDDucommun receives multiyear contracts from Gulfstream
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05:23 EDTGDViaSat selected by Gulfstream as sole source Ku-Band equipment supplier
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May 18, 2015
13:41 EDTCREECree sees Franco Plastina becoming CEO of Power and RF business post-IPO
In a regulatory filing earlier, Cree reported that on May 5, its board of directors appointed Franco Plastina as the company’s interim EVP, Power & RF, effective June 8. The company additionally noted that it expects Plastina to serve as CEO of Cree Power & RF Division upon the completion of its previously announced initial public offering. Plastina is presently a member of the company’s board, on which he has served since December 2007. Since May 2012, Plastina has served as president and founder of Arc & Company, an advisory and angel investment firm.
13:37 EDTBIDUBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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08:35 EDTCREECree submits registration statement for IPO of Power and RF Business
Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the SEC for a potential initial public offering of the subsidiary’s class A common stock. The type and number of shares of stock to be sold and the price range for the proposed initial public offering has not yet been determined, although Cree intends to remain the majority stockholder of the subsidiary post offering. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The Power and RF subsidiary is raising capital to invest directly in the business to support targeted future growth. The offering would enable Cree management to focus on Cree’s LED and Lighting businesses, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses, the company said.
07:27 EDTIBM, CREEJPMorgan to hold a conference
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06:55 EDTAMAGAMAG Pharmaceuticals price target raised to $85 from $60 at Leerink
Leerink raised its price target for AMAG Pharmaceuticals to $85 on expectations the 1mL vial formulation will help accelerate Makena's market share gain. The firm reiterates an Outperform rating on the stock.
05:25 EDTBIDUBaidu makes multi-million dollar strategic investment in Taboola
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May 15, 2015
17:33 EDTVMWPoint72 Asset Management gives quarterly update on stakes
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17:08 EDTMSISoros Fund gives quarterly update on stakes
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16:32 EDTIBMBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
08:13 EDTAMDJefferies ups view on Semis to Positive from Negative
Jefferies upped its view on the Semiconductors space to Positive from Negative after hosting a dozen companies at its annual conference in Miami. The firm notes that most companies noted an "OK" demand environment, which it views as supporting its thesis that the recent inventory correction and lower capex has created a "great opportunity" to add to Semi positions. After meeting with management, Jefferies has increased conviction that NXP Semiconductors (NXPI) will soon sell its HPRF business and return to its stock buyback program before most expect. It has Buy ratings on AMD (AMD), Microchip (MCHP), NXP and Texas Instruments (TXN).
May 14, 2015
16:17 EDTEVOKEvoke Pharma reports Q1 EPS (58c), consensus (55c)
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10:00 EDTCOHOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
10:00 EDTEATOn The Fly: Analyst Upgrade Summary
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06:45 EDTEATBrinker upgraded to Buy from Hold at Miller Tabak
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06:33 EDTCOHCoach initiated with a Neutral at Wedbush
Target $37.
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