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Stock Market & Financial Investment News

News Breaks
February 6, 2014
08:00 EDTIBMIBM plans to spend $100M for African Watson technology, Bloomberg says
IBM said it plans to spend $100M to bring its Watson technology to Africa, according to Bloomberg, citing a company statement. Reference Link
News For IBM From The Last 14 Days
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January 20, 2015
16:15 EDTIBMIBM reports $128B services backlog
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16:13 EDTIBMIBM reports Q4 revenue from Hardware down 39%
Revenues from continuing operations for the Systems and Technology segment totaled $2.4B for the quarter, down 39% (down 12 percent, adjusting for the impact of the divested System x business and currency) from the fourth-quarter of 2013. Systems and Technology pre-tax income increased 12% and pre-tax margin increased to 15.5%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. Revenues from Power Systems were down 13% (down 11 percent, adjusting for currency) compared with the 2013 period. Revenues from System z mainframe server products decreased 26% (down 23 percent, adjusting for currency). Revenues from System Storage decreased 8 percent (down 5 percent, adjusting for currency).
16:11 EDTIBMIBM reports Q4 revenue from Software Segment revenue down 7%
Revenues from the Software segment were $7.6B, down 7% (down 3 percent, adjusting for currency) compared with the fourth-quarter of 2013. Software pre-tax income decreased 11% and pre-tax margin decreased to 44.7%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $5.4B, down 6% (down 3 percent, adjusting for currency) versus the fourth-quarter of 2013. Operating systems revenues of $557M were down 19% (down 16 percent, adjusting for currency) compared with the prior-year quarter.
16:10 EDTIBMIBM reports Q4 Global Services segment revenue down 8%
Global Services segment revenues decreased 8% to $13.5B. Global Technology Services segment revenues decreased 8 percent (up 2 percent adjusting for the impact of the divested customer care outsourcing and System x businesses and for currency) to $9.2B. Global Business Services segment revenues were down 8% (down 3 percent, adjusting for currency) to $4.3B. Pre-tax income from Global Technology Services decreased 26% and pre-tax margin decreased to 15.6%. Global Business Services pre-tax income decreased 22% and pre-tax margin decreased to 16.4%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. The estimated services backlog at December 31, 2014 was $128B, flat year to year adjusting for the divested customer care outsourcing and System x businesses and currency.
16:07 EDTIBMIBM reports Q4 EPS $5.81, consensus $5.41
Reports Q4 revenue $24.1B, consensus $24.77B.
15:24 EDTIBMEarnings Preview: IBM estimates cut by Jefferies, BofA ahead of report
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15:21 EDTIBMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:28 EDTIBMIBM January weekly 155 straddle priced for 4.1% movement into Q4
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13:29 EDTIBMIBM technical notes ahead of earnings
The stock is trading close to its 52-week low and multi-year low at $150.50 ahead of earnings news. At the current price of $154.47 it would not take much in the form of negative news for that low to be tested. On a breakdown below $150, next support would be at $146.30, $141.18, and $135.23. If the news is not as negative as traders appear to be positioned for, the following resistance levels could become upside objectives: $159.45, $164.25, and $168.69.
07:39 EDTIBMIBM January weekly volatility elevated into Q4 and outlook
IBM January weekly call option implied volatility is at 53, February is at 25, April is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
January 15, 2015
08:58 EDTIBMIBM January weekly volatility elevated at 39 into Q4 and outlook
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January 14, 2015
08:34 EDTIBMIBM estimates lowered at BofA/Merrill
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January 13, 2015
17:55 EDTIBMIBM launches the z13 mainframe after $1B investment
IBM announced the z13 mainframe system, capable of processing 2.5B transactions per day and it is the first system to make real-time encryption of all mobile transactions at any scale. z13 speeds real-time encryption of mobile transactions to help protect the transaction data and ensure response times consistent with a positive customer experience. The system includes 500 new patents including cryptographic encryption technologies that enable more security features for mobile initiated transactions. The system culminates a $1B investment and five years of development.
07:04 EDTIBMFederal court confirms halt to sales of chips used by SanDisk, IBM, others
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06:33 EDTIBMTeradata set to acquire Appoxee for about $20M, WSJ reports
Teradata (TDC) will buy Appoxee, a Tel Aviv-based mobile-marketing-automation startup, for around $20M, The Wall Street Journal reports, citing two sources. Teradata rival IBM (IBM) acquired Xtify, a mobile-marketing company, in 2013. Reference Link
06:30 EDTIBMCourt order bars sales of chips used by SanDisk and IBM, WSJ reports
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January 12, 2015
11:51 EDTIBMIBM results seen being hurt by continued dollar strength
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07:52 EDTIBMIBM to undertake biggest re-organization in company history, Register says
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07:52 EDTIBMIBM price target lowered to $130 from $144 at Jefferies
Jefferies lowered its price target for IBM shares to $130 after cutting its estimates to reflect the strengthening of the dollar against almost every other major currency worldwide since the tech giant reported Q3 results. Jefferies believes consensus estimates for IBM need to come down as the company deals with enterprises increasingly allocating investments away from traditional Software and IT Outsourcing toward investments in Cloud, Mobile and and Social initiatives. The firm reiterates an Underperform rating on IBM.
07:35 EDTIBMNational Retail Federation to hold a trade show
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