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Stock Market & Financial Investment News

News Breaks
March 25, 2014
14:11 EDTIBM, PBIIBM, Pitney Bowes collaborate on hybrid cloud location services
Earlier today, Pitney Bowes (PBI) and IBM (IBM) announced a collaboration on IBM’s codename “BlueMix” platform-as-a-service to develop new hybrid cloud location services that help businesses unearth deeper connections between their customers, their geography, and their networks to deliver more personalized services and contextually relevant experiences.
News For IBM;PBI From The Last 14 Days
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February 5, 2016
09:09 EDTPBIPitney Bowes management to meet with Brean Capital
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06:23 EDTPBI, IBM20 companies make alliance to keep down healthcare costs, WSJ says
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February 3, 2016
09:15 EDTIBMIBM acquiring German digital agency exc.io
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07:41 EDTPBIPitney Bowes shares 'absolutely oversold,' says Brean Capital
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February 2, 2016
12:03 EDTPBIOn The Fly: Top stock stories at midday
Wall Street began the session in negative territory and the averages have remained there throughout the day as oil once again weighs on stocks. The price of oil has slid another 4%, giving the commodity a roughly 10% loss over the past two trading sessions. The market's late day rally yesterday gave hope for a decoupling between equities and oil prices, but that appears to be a one day reprieve as the stocks are back in lock-step with crude prices. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 5% in the wake of its report of better than expected quarterly earnings and revenue, pushing Google's parent company to overtake Apple (AAPL) as the world's most valuable publicly-traded company in the process... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.5% amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8% in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Pfizer (PFE) reported better than expected fourth quarter results, but forecast 2016 revenue and earnings below analysts' estimates, pushing its shares down fractionally. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 4.5% after Bloomberg reported that ChemChina was close to a deal to buy the company for nearly $43B. Also higher were Mattel (MAT), Michael Kors (KORS), and Fabrinet (FN), which gained 12%, 22%, and 12.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Twitter (TWTR), which fell 8% after it was downgraded to Sell at Stifel and following a report claimed that tweets on the service are down 50% from their peak. Also lower were AGCO (AGCO), Harris (HRS), and Pitney Bowes (PBI), which were down 10%, 9.5%, and 11%, respectively, after reporting quarterly earnings. In addition, Ford (F) and General Motors (GM) lost 4% and 3.6%, respectively, after reporting U.S. sales for the month of January. INDEXES: Near midday, the Dow was down 239.86, or 1.46%, to 16,209.32, the Nasdaq was down 64.83, or 1.4%, to 4,555.54, and the S&P 500 was down 27.87, or 1.44%, to 1,911.51.
10:01 EDTPBIHigh option volume stocks: DF ROK MCHP SFLY PBI IDTI IILG
07:02 EDTPBIPitney Bowes sees FY16 EPS $1.80-$2.00, consensus $2.03
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07:01 EDTPBIPitney Bowes reports Q4 adjusted EPS 48c, consensus 54c
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06:09 EDTIBMIBM agrees to acquire Aperto, terms not disclosed
IBM announced it has signed a definitive agreement to acquire Aperto, a digital agency with headquarters in Berlin. Upon completion of this transaction, Aperto will to join the IBM Interactive Experience team, supporting IBM's growth in the largest economy in Europe. Aperto's 300-plus employees will continue to serve its roster of clients. The transaction is expected to close in Q1 and is subject to applicable regulatory review and customary closing conditions. Financial details were not disclosed.
January 28, 2016
15:19 EDTIBMEarnings Watch: Hard drive makers report with analysts upbeat on SanDisk deal
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15:18 EDTIBMIBM to acquire digital marketing and creative agency Resource/Ammirati
IBM announced its intent to acquire Resource/Ammirati -- a US-based digital marketing and creative agency -- combining the companies' strategic, creative and technology talents to "address rising demand from businesses seeking to reinvent themselves for the digital economy and provide differentiated experiences to their customers." This is IBM's first acquisition of a digital marketing creative agency, the company said. The deal is projected to close in the first quarter of 2016, subject to satisfaction of customary closing conditions and applicable regulatory reviews. Financial details were not disclosed.
January 27, 2016
09:29 EDTIBMFacebook data center project supported by telco heavyweights, FT reports
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06:01 EDTIBMIBM names Ford President and CEO Mark Fields to board, effective March 1
The IBM (IBM) board of directors yesterday elected Mark Fields to the board effective March 1, 2016. Fields is president and CEO, Ford (F). Ginni Rometty, IBM chairman, president and CEO, said: "We are pleased that Mark will be joining the IBM board of directors. Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. He is leading Ford into a future where cars are not only vehicles, but increasingly becoming mobile technology platforms. His knowledge and insights in running a complex global business will make a significant contribution to IBM."
January 26, 2016
10:06 EDTIBMOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT GNC ALKS CALM NFLX CREE FFIV COH ISRG IBM
January 25, 2016
08:11 EDTIBMWestern Digital acquires over a hundred patents from IBM
Western Digital (WDC) announced that it has acquired more than 100 patent assets from IBM (IBM). The parties also entered into a patent cross-license agreement. Terms of the transaction were not disclosed. Patents acquired by Western Digital are in distributed storage, object storage, and emerging non-volatile memory. Western Digital expects the IP to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents will augment Western Digital's existing portfolio of more than 10,000 patents and patent applications.
07:32 EDTIBMTMC to hold a conference
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January 24, 2016
11:02 EDTIBMStocks post weekly gain after oil rebounds
Stocks recovered late in the week to post their first weekly gain of the new year as equities continue to be correlated closely with the oil market. A plunge in oil led equities lower early in the holiday shortened week, but as oil prices rebounded to close the week out, the major averages followed suit. MACRO NEWS: In the U.S., the consumer price index fell 0.1% during December, versus expectations for a flat reading. The core reading, which excludes food and energy, showed prices rose 0.1% from the prior month, versus expectations for an increase of 0.2%. Initial jobless claims rose to 293,000 last week, topping the expectation for 278,000 first-time claims. Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast... In Asia, China's national bureau of statistics estimated that GDP growth slowed to 6.8% in the last quarter of the year, dipping from 6.9% growth in the previous quarter. China's industrial output rose 5.9% from a year earlier in December, compared with the consensus forecast for a 6% increase. Japan's Nikkei average was down early in the week, even falling into bear market territory, but rallied nearly 6% on Friday after the Nikkei Asian Review said that the Bank of Japan is taking a "serious look" at additional easing... In Europe, the European Central Bank left its key interest rates unchanged. However, at an associated press conference, ECB President Mario Draghi acknowledged downside risks were increasing again, meaning the bank may need to "review and possibly reconsider" its monetary policy stance at its next meeting in March. Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. The International Monetary Fund cut its global growth forecasts for the third time in less than a year. The IMF now estimates that the world economy will grow 3.4% this year and 3.6% next year, down from its prior forecasts of 3.6% and 3.8% growth, respectively. COMPANY NEWS: On Tuesday, Morgan Stanley (MS) advanced 1% after its earnings and revenue topped analysts' consensus forecast. Big bank peer Bank of America (BAC) slid 1% after its earnings also beat expectations but its revenue narrowly missed the consensus estimate... On Wednesday, IBM (IBM) slid nearly 5% after reporting better than expected earnings and revenue for the fourth quarter, but forecasting below-consensus profits for the new year... On Thursday, Verizon (VZ) was among the best performers on the Dow, advancing over 3% after its earnings, revenue and wireless subscriber additions all topped expectations. Conversely, fellow Dow member Travelers (TRV) slid almost 1% after releasing its own quarterly results... On Friday, American Express (AXP) sunk more than 12% after the card issuer reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors. Fellow Dow member GE (GE) slid a bit more than 1% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) shares gained 6% after the oil services giant reported earnings that topped expectations, approved a quarterly dividend of 50c per share and a new share repurchase program of $10B and said it plans to cut 10,000 more jobs... Netflix (NFLX) reported fourth quarter earnings that beat analyst estimates, powered by better than expected international subscriber growth. The numbers were met with positive commentary by several research firms, though decelerating U.S. subscriber growth was highlighted by bears as a warning sign for the company... Deutsche Bank (DB) disclosed that it expects a EUR2.1B net loss for the quarter due to a number of charges, including expected litigation costs of EUR1.2B... Xilinx (XLNX) advanced after reporting its third quarter numbers. The news may have been overshadowed, however, by a regulatory filing showing new agreements with its top executives, with several analysts highlighting that the change could signal a takeover is in the cards in the future... Alkermes (ALKS) plunged more than 44% after disclosing that two of three Phase 3 studies of its experimental depression disorder treatment did not meet their primary efficacy endpoints. INDEXES: For the four-day week, the Dow gained about 0.67% to close at 16,093.51, the S&P 500 rose about 1.4% to close at 1,906.90, and the Nasdaq increased about 2.3% to close at 4,591.18.
January 22, 2016
11:18 EDTIBMSplunk outperforms after analyst predicts major deal with IBM
Shares of Splunk (SPLK) are rising in Friday morning trading after Northland opined that the "Big Data" software products company and tech giant IBM (IBM) may be close to a meaningful partnership. WHAT'S NEW: Northland analyst Tim Klasell heard from a "few industry sources" that Splunk and IBM are "moving closer together" and could agree to a meaningful partnership over time. The analyst told investors in a research note that IBM is getting close to a "big move to improve its ties" with Splunk. While Klasell did not know the financial details, he believes such a partnership could be a "nice tailwind" for Splunk to sign larger deals. The analyst has an Outperform rating on Splunk with an $80 price target. WHAT'S NOTABLE: IBM, which reported earnings on January 19, said on its quarterly conference call that it was making "significant progress" in transitioning to a cloud company. "In 2015, our strategic imperatives of cloud, analytics, mobile, social and security grew 26% to $29B and now represent 35% of our total revenue," said IBM CEO Ginni Rometty. "As we transform to a cognitive solutions and cloud platform company, we are well positioned to continue delivering greater value to our clients and returning capital to our shareholders." Two days after IBM's fourth quarter earnings report, on January 21, the company acquired Ustream, a provider of cloud-based live video streaming services, in a move designed to extend the IBM Cloud platform to help enterprise clients unlock the value of video. Financial terms of the deal were not disclosed. PRICE ACTION: Shares of Splunk are higher by 2.9% to $49.88 in Friday morning trading, while shares of IBM are down fractionally.
06:59 EDTIBMSplunk, IBM may be close to meaningful partnership, says Northland
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06:50 EDTIBMMarket selloff may lead to business technology takeovers, WSJ says
The recent market selloff is hitting the business technology sector, but may come with an opportunity for the top companies in the sector to acquire smaller companies, the Wall Street Journal says. Companies such as Box (BOX), Hortonworks (HDP), Workday (WDAY), and others may become takeover targets for groups such as IBM (IBM), HP Enterprise (HPE), Cisco (CSCO), and SAP (SAP), the report says. Reference Link

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