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Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:05 EDTIT, IT, TECD, TECD, SNX, SNX, IM, IMGlobal Technology Distribution Council to hold a conference
2014 GTDC Investor Conference to be held in New York on May 16 with webcasted presentations to begin at 8:05 am. Webcast Link
News For IT;TECD;SNX;IM From The Last 14 Days
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July 2, 2015
07:15 EDTSNXSYNNEX model suggests upside to Street estimates, says Brean Capital
Brean Capital notes SYNNEX hosted its analyst day and provided a model that suggests earnings upside compared to consensus estimates. The firm said its buy thesis remains intact and reminds investors there is little to no foreign exchange risk for the company. Brean Capital reiterated its Buy rating and $90 price target on SYNNEX shares.
July 1, 2015
08:02 EDTITGartner acquires Nubera
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June 30, 2015
16:05 EDTITIntralinks appoints Chris Lafond as CFO
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05:59 EDTITGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
June 26, 2015
16:16 EDTSNXOn The Fly: Top stock stories for Friday
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10:00 EDTSNXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apogee Enterprises (APOG) downgraded to Market Perform from Outperform at Northland... Atlas Resource Partners (ARP) downgraded to Underperform from Neutral at BofA/Merrill... Bank of the Ozarks (OZRK) downgraded to Hold from Buy at Drexel Hamilton... China Cord Blood (CO) downgraded to Neutral from Buy at Roth Capital... Citizens Financial (CFG) downgraded to Neutral from Buy at Guggenheim... Community Health (CYH) downgraded to Market Perform from Outperform at Raymond James... Eagle Bancorp (EGBN) downgraded to Hold from Buy at Sandler O'Neill... Fifth Street Senior (FSFR) downgraded to Neutral from Buy at UBS... FireEye (FEYE) downgraded to Equal Weight from Overweight at Barclays... Insight Enterprises (NSIT) downgraded to Underperform at Raymond James... Micron (MU) downgraded to Neutral from Buy at Mizuho... SYNNEX (SNX) downgraded to Hold from Buy at Needham... Swatch Group (SWGAY) downgraded to Equal Weight from Overweight at Barclays... Target (TGT) downgraded to Market Perform from Outperform at BMO Capital... Zoetis (ZTS) downgraded to Market Perform from Outperform at BMO Capital.
07:35 EDTSNX, SNXSYNNEX downgraded to Outperform from Buy at CLSA
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07:30 EDTSNXSYNNEX downgraded to Hold from Buy at Needham
Needham downgraded SYNNEX to Hold citing the mixed Q2 report and disappointing guidance.
07:27 EDTSNXSYNNEX pullback a buying opportunity, says Citi
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07:21 EDTSNXSYNNEX operating margins should expand later in year, says Brean Capital
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June 25, 2015
19:04 EDTSNXOn The Fly: After Hours Movers
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17:47 EDTSNXSYNNEX optimistic on U.S., Japan market demand
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16:07 EDTSNXSYNNEX sees Q3 EPS $1.40-$1.45, consensus $1.67
Sees Q3 revenue $3.3B-$3.4B, consensus $3.53B. The company anticipates a negative currency impact on revenue of approximately $120M in Q3.
16:06 EDTSNXSYNNEX reports Q2 EPS $1.55, consensus $1.53
Reports Q2 revenue $3.25B, consensus $3.42B. Reports Q2 non-GAAP operating margin of 3.22%, up 35 bps from the prior year quarter's 2.87%.
15:04 EDTSNXNotable companies reporting after market close
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June 24, 2015
11:29 EDTSNXSYNNEX to host analyst day
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June 22, 2015
16:05 EDTIMIngram Micro acquires CANAI Group, Clarity Technology, terms not disclosed
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