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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
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April 15, 2015
16:27 EDTINTCOn The Fly: Top stock stories for Wednesday
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15:53 EDTINTCAltera cases illustrates challenges Intel may face in dealmaking, WSJ says
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15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
12:30 EDTINTCOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory for the fifth time in the past six sessions. The move came amid lower than expected manufacturing data and industrial production figures in the U.S. and a report on Chinese GDP growth that matched expectations. Although the averages remain higher near midday, the market is well off its highs as investors await the release of the Fed’s Beige Book report. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing report had a reading of -1.19, versus expectations for a 7.17 reading. Industrial production fell 0.6% in March, versus expectations for a 0.3% decline. Capacity utilization came in at 78.4% during the month, versus the 78.6% that was forecast. NAHB's homebuilder confidence index climbed to 56 in April, versus expectations for a reading of 55. The Federal Reserve is scheduled to release its Beige Book at 2 pm EDT this afternoon. In China, the nation's GDP grew at a 7.0% rate in Q1, which met expectations but was the lowest level of quarterly growth since 2009. A number of March data releases came in below expectations in China, including reports on industrial production, retail sales and fixed investments. In Europe, the European Central Bank kept interest rates unchanged. COMPANY NEWS: The European Commission announced it has opened a formal investigation of whether Google’s (GOOG, GOOGL) conduct in relation to its Android mobile operating system as well as applications and services for smartphones and tablets has breached EU antitrust rules. The Commission also sent a Statement of objections to Google alleging the company has abused its dominant position in the markets for general internet search services in the European Economic Area by favoring its own comparison shopping product in its general search results pages. For its part, Google's SVP of Google Search Amit Singhal said the company "respectfully but strongly" disagrees with the need to issue a statement of objections and looks forward to making its case... After Intel (INTC) reported results that were in-line with its preannouncement and estimated that its 2015 revenue would be roughly flat year-over-year, shares rose 4.5%. However, analysts disagreed on the company's ability to meet its revised outlook, with Wedbush upgrading the stock to Outperform from Neutral, but Citi saying that the company's guidance was too bullish and keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers was Celsion (CLSN), which gained 20% after the company announced interim data from its ongoing open-label Phase 2 DIGNITY Trial of ThermoDox in recurrent chest wall breast cancer. Also higher was gunmaker Smith & Wesson (SWHC), which gained 13% after raising its guidance, citing orders throughout its fiscal fourth quarter that have been stronger than originally anticipated. Among the noteworthy losers was Alcatel-Lucent (ALU), which dropped 19% after agreeing to merge with Nokia (NOK) in an all-share transaction that values Alcatel-Lucent at EUR 15.6B on a fully diluted basis. Also lower were shares of Precision Castparts (PCP), which fell 3% after the company issued fourth quarter guidance, said it was making headcount reductions and the stock was downgraded at DA Davidson. INDEXES: Near midday, the Dow was up 56.39, or 0.31%, to 18,093.09, the Nasdaq was up 24.52, or 0.49%, to 5,001.81, and the S&P 500 was up 9.80, or 0.47%, to 2,105.64.
11:25 EDTYHOOYahoo not in talks to buy Foursquare, Re/code reports
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10:54 EDTYHOORumor of Yahoo talks to buy FourSquare have 'no truth,' CNBC's Faber says
David Faber of CNBC said his contacts tell him that the rumor of Yahoo working on a deal to buy Foursquare has "no truth" to it. Faber noted an earlier report from TechCrunch that said Yahoo was said to be in talks to acquire Foursquare.
10:52 EDTINTCBattleground: Analysts clash on Intel's ability to meet guidance
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10:19 EDTINTCOptions with decreasing implied volatility
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10:00 EDTINTCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
09:35 EDTINTCActive equity options trading on open
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09:34 EDTYHOOYahoo in talks to buy local search app maker Foursquare, TechCrunch says
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09:29 EDTYHOOYahoo in talks to acquire Foursquare, TechCrunch reports
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09:08 EDTINTCOn The Fly: Pre-market Movers
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09:07 EDTINTCIntel reported weak Q1 results, says JMP Securities
JMP Securities says that Intel's Q1 EPs was in-line with its preannouncement, while its data center demand decelerated. The firm thinks the company's guidance for flat 2015 revenue growth is overly optimistic, while data center revenue is likely to decelerate further and elevated inventory levels add risk to gross margin expectations. The firm reiterates a $27 price target and Underperform rating on the shares.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
08:39 EDTINTCIntel upgraded on valuation at RBC Capital
As noted earlier, RBC Capital upgraded Intel to Outperform from Sector Perform. The firm believes that bearish PC sentiment is fully priced into the shares, while investors should focus on the company's data center business as a driver of cash flow growth. Target $40.
08:15 EDTINTCIntel reported to be in talks to buy VIA Telecom, Bloomberg says
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08:15 EDTINTCIntel Q1 results impressive, says Wells Fargo
Wells Fargo says it was impressed by Intel's results and guidance. The firm has above consensus 2015 and 2016 EPS estimates for the company, and it reiterates an Outperform rating on the shares. Wells continues to identify the stock as a Top Pick.
08:07 EDTMAMeta Financial added as partner of Univision MasterCard prepaid card
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06:51 EDTINTCIntel upgraded to Outperform from Neutral at Wedbush
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