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Stock Market & Financial Investment News

News For KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO From The Last 14 Days
Check below for free stories on KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO the last two weeks.
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July 25, 2014
09:25 EDTVOn The Fly: Pre-market Movers
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08:47 EDTINTCMellanox points to bigger than expected Grantley ramp, says Janney Capital
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06:17 EDTINTCIntel to launch Core M for use in notebook/tablet models in Q4, DigiTimes says
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05:59 EDTINTCStocks with implied volatility below IV index mean; INTC WMB
Stocks with implied volatility below IV index mean; Intel (INTC) 17, Williams (WMB) 22 according to iVolatility.
July 24, 2014
18:45 EDTVOn The Fly: After Hours Movers
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17:05 EDTFBOn The Fly: Closing Wrap
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16:13 EDTVVisa says Q3 payments volume growth was 12% over the prior year
Payments volume growth, on a constant dollar basis, for the three months ended March 31, on which fiscal third quarter service revenue is recognized, was 12% over the prior year at $1.1T. Payments volume growth, on a constant dollar basis, for the three months ended June 30, was 11% over the prior year at $1.2T. Cross-border volume growth, on a constant dollar basis, was 7% for the three months ended June 30. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended June 30, were 16.7B an 11% increase over the prior year.
16:11 EDTVVisa sees FY14 EPS growth 17.5%-18.5%, consensus $8.99
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16:09 EDTVVisa reports Q3 EPS $2.17, consensus $2.10
Reports Q3 revenue $3.2B, consensus $3.15B.
16:00 EDTFBiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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15:29 EDTVNotable companies reporting after market close
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15:06 EDTFBFacebook, Uber discuss embedding service into Messenger, Re/code says
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14:31 EDTVVisa July weekly 220 straddle priced for 2.7% move into Q3
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14:07 EDTVEarnings Preview: Visa to report results amid credit metric improvements
Visa (V) is expected to report third quarter earnings after the market close on Thursday, July 24 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.10 on revenue of $3.15B. The consensus range is $1.99-$2.17 for EPS, and $3.05B-$3.22B for revenue, according to First Call. LAST QUARTER: Visa reported stronger than expected second quarter results, as its payments volume jumped 12% year-over-year during the quarter. The company predicted that its earnings per share would rise by mid to high teen percentage levels in fiscal 2014. "Softer net revenue growth was impacted by a strengthening U.S. dollar and difficult year-over-year comparisons due to non-recurring items," said Visa CEO Charlie Scharf. These negative factors will have a slightly greater impact in Visa's third quarter before easing in the fourth quarter, the CEO added. On May 19, Scharf said that rising interest rates are good for the credit card business. BANKS' CREDIT METRICS: A number of banks reported that their credit metrics had improved last quarter, potentially boding well for Visa's results. For example, JPMorgan (JPM) said that its total consumer provision for loan losses fell $345M last quarter, while consumer net chargeoffs dropped to $1.2B from $1.5B in the same period a year earlier. Meanwhile, Wells Fargo (WFC) reported that it saw "broad based growth" in its credit card business. STREET RESEARCH: In a note to investors on July 17, Oppenheimer analyst Glen Greene wrote that although Visa and MasterCard's stocks had "temporarily paused," he remained upbeat on their long-term and intermediate term growth potential. Over the longer term ,the companies also enjoy competitive barriers to entry and "highly attractive business models," Greene believes. He preferred Visa but kept Outperform rating on both names. PRICE ACTION: Visa's stock is flat on the year, but up more than 6% in the last three months.
12:43 EDTIBMIBM, California partner on unifying state agency data in cloud, USA today says
IBM has been enlisted to unify the information technology systems of hundreds of state California agencies in a $400M partnership dubbed CalCloud, says USA Today. Reference Link
12:32 EDTFBOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
12:14 EDTFBFacebook shares hit double IPO price after results beat expectations
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11:25 EDTFBInstagram could be working on Snapchat competitor called 'Bolt," The Verge says
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10:37 EDTIBMBlackBerry CEO says in enterprise partnership talks, FT reports
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09:36 EDTYHOO, FBActive equity options trading on open
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