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September 26, 2012
06:10 EDTMDC, BZH, KBH, PKX, CRM, NVR, TOL, RYL, SKM, AMZN, DHI, LEN, PHM, COST, BP, IBMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery, the Wall Street Journal reports...IBM (IBM) will increase its efforts to sell so-called cloud computing services to mid size businesses, and has lined up partners to resell its services and is helping software companies adapt their products to IBM's machines. The move puts it in more direct competition with Amazon (AMZN) and Salesforce (CRM), the Wall Street Journal reports...REUTERS: The billionaires who own half of TNK-BP are interested in buying out BP's (BP) entire 50% stake, and will make a binding all-cash offer by mid-October, sources say, Reuters reports...South Korea’s SK Telecom (SKM) will sell part of its stake in steelmaker POSCO (PKX) for $390.66M, leaving it with a 1.42% stake after the sale, Reuters reports...BLOOMBERG: Oil fell to the lowest level in seven weeks after a report showed increasing U.S. stockpiles and Philadelphia Fed President Charles Plosser said a new stimulus plan probably won’t raise economic growth, Bloomberg reports...Costco Wholesale (COST) workers who sued the retailer for gender bias will be able to proceed with their claims as a group. In San Francisco, U.S. District Judge Edward Chen certified a class, or group, of plaintiffs, seeking monetary relief that includes several hundred women employed since 2002 who have been subject to the company’s system for promotion to management positions, Bloomberg reports.
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June 17, 2013
15:29 EDTAMZNGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
09:40 EDTCRMActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG CLF TSLA CRM.
08:48 EDTCRMSalesforce.com valuation very attractive, says Pacific Crest
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June 14, 2013
08:06 EDTBPLNG trade declined in 2012, FT reports
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06:09 EDTIBMIBM revenue can grow again in second half, says Citigroup
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June 13, 2013
07:57 EDTAMZNAmazon Kindle to launch in India this month, WSJ says
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07:09 EDTBPU.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link
06:10 EDTBPOn the Fly: Periodicals Wrap-Up
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June 12, 2013
15:01 EDTAMZN, IBMNew Four Horsemen of Tech option implied volatility is mixed
Amazon.com (AMZN) overall option implied volatility of 29 is below its 26-week average of 31, Google (GOOG) is at 24, near its 26-week average of 23, Apple (AAPL) is at 27; below its 26-week average of 29, IBM (IBM) is at 19, above its 26-average of 16 according to Track Data.
14:30 EDTAMZNRackspace has slight negative readthrough from Amazon cut, says Wells Fargo
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13:27 EDTCRMSalesforce.com to invest in Tokyo software venture, Nikkei reports
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13:25 EDTIBMIBM starts U.S. job cuts, Bloomberg says
IBM began cutting U.S. jobs today as part of a $1B plan, announced in April, to trim its global workforce, reports Bloomberg, citing a person familiar with the move. Reference Link
12:06 EDTRYLRyland Group management to meet with Sterne Agee
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11:51 EDTIBMIBM heading for test of $200 area, levels to watch
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10:45 EDTCRMSalesforce.com files 2.1M share automatic equity shelf
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10:14 EDTLENOn the Fly: Upgrade Summary
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10:02 EDTCRMSalesforce.com commences previously announced tender for ExactTarget
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05:51 EDTAMZN, IBMAmazon, IBM battle over $600M CIA contract, WSJ reports
The fight between IBM (IBM) and Amazon.com (AMZN) over a $600M contract to set up a cloud-computing system for the Central Intelligence Agency shows the growing importance of intelligence-agency business for technology companies, reports the Wall Street Journal. Reference Link
05:36 EDTLENLennar upgraded to Outperform from Market Perform at Keefe Bruyette
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June 11, 2013
12:15 EDTBPEIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014
In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link
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