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Stock Market & Financial Investment News

News Breaks
January 7, 2014
04:55 EDTINTC, INTC, QCOM, QCOM, CZR, CZR, P, P, LBTYA, LBTYAISI Group to hold events at CES 2014
ISI Group Events to be held at CES 2014 in Las Vegas on January 7-8.
News For INTC;QCOM;CZR;P;LBTYA From The Last 14 Days
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February 25, 2015
10:34 EDTINTCHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
10:01 EDTPOn The Fly: Analyst Initiation Summary
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09:53 EDTQCOMCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:25 EDTINTCCisco, Apple among U.S. names cut from China state buying list, Reuters says
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07:55 EDTPPandora initiated with a Market Perform at JMP Securities
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07:27 EDTINTCThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
05:54 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
06:47 EDTLBTYALiberty Global receives approval to buy Belgian media group, Reuters says
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06:06 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 23, 2015
09:59 EDTINTCOn The Fly: Analyst Initiation Summary
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09:44 EDTPPandora management to meet with JPMorgan
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08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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06:11 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 22, 2015
17:25 EDTQCOMChip designer CEVA takes on Qualcomm in China, Bloomberg says
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February 20, 2015
11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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February 19, 2015
14:43 EDTPPandora shares may still have room to fall, WSJ says
Pandora’s valuation is high and the shares could continue their recent slide amid concerns about decelerating growth, rising costs and an upcoming ruling on the statutory rates paid by Pandora and peers to musicians, said The Wall Street Journal's "Heard on the Street" column.Reference Link
10:15 EDTQCOMQualcomm spikes on activist speculation, levels to watch
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10:07 EDTQCOMQualcomm calls active on speculation of an activist investor stake
Qualcomm February 70 and 71 calls are active on 12K contracts (1K puts) on speculation of an activist investor stake. February call option implied volatility is at 20, March is at 19; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTQCOMRumor: Qualcomm moves up on speculation of an activist investor stake
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