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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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May 4, 2015
06:33 EDTIBMWarren Buffett says bought more IBM shares in Q1
Warren Buffett while speaking on CNBC said Berkshire (BRK.A) bought more shares of IBM (IBM) during Q1. Buffett believes the company will be earning more in 10 years from now when compared to today.
06:09 EDTFBInstagram taking bigger role in commercial real estate, WSJ reports
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06:04 EDTTAT&T's DirecTV deal could be impacted by racial bias suit, NY Post reports
AT&T's (T) proposed deal for DirecTV (DTV) could be impacted by the racial bias lawsuit against AT&T, The New York Post reports. A former executive assistant at AT&T is suing the company, claiming she was "subjected to racially offensive images while working on transferring data between her boss' phones." A source says the timing of the lawsuit is a "huge embarrassment," adding that "AT&T has huge federal contracts, and they do huge business with public institutions." Reference Link
May 3, 2015
17:47 EDTFBFacebook plans 'Instant Articles' service, offers increased ad revenue, WSJ says
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14:59 EDTFBTwitter, LinkedIn, Yelp likely falling further, Barron's says
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May 1, 2015
11:18 EDTYHOOYahoo downgraded to Neutral from Buy at Tigress Financial
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB LNKD ALTR GILD TSLA BAC TWTR MSFT FEYE BIDU
08:59 EDTMAMasterCard to take equity stake in First Performance
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08:35 EDTCLXClorox narrows FY15 EPS view to $4.45-$4.55 from $4.40-$4.55, consensus $4.52
Raises FY15 revenue growth guidance to 1%-2% from about 1%.
08:33 EDTCLXClorox reports Q3 EPS $1.08, consensus $1.10
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06:54 EDTYHOOYahoo acquires startups for fresh talent, WSJ says
Yahoo CEO Marissa Mayer has cut over 3,000 workers since 2012 and added around the same with many new employees arriving through acquisitions, reports the Wall Street Journal. Reference Link
06:09 EDTINTCSource: Altera to resume sale talks with Intel 'soon,' NY Post reports
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05:56 EDTTAT&T, SNET to pay $10.9M for overbilling lifeline program
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April 30, 2015
19:01 EDTINTC, VOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ellie Mae (ELLI), up 10%... Ocwen Financial (OCN), up 9%... athenahealth (ATHN), up 8.5%... Expedia (EXPE), up 4.5%... Skyworks Solutions (SWKS), up 3.7%... Eastman Chemical (EMN), up 2.4%... Nektar Therapeutics (NKTR), up 1.4%... FireEye (FEYE), up 2%. ALSO HIGHER: Monsanto (MON), up 3.6% following a Bloomberg report that the company approached Syngenta (SYT) about a takeover... Altera (ALTR), up 4.4% following a Reuters report that Intel (INTC) has a standstill pact set to end in June. DOWN AFTER EARNINGS: LinkedIn (LNKD), down 21.3%... Hutchinson Technology (HTCH), down 15.3%... Insulet (PODD), down 13.9%... Accuray (ARAY), down 14%... Constant Contact (CTCT), down 9.9%... Trimble Navigation (TRMB), down 6.6%... First Solar (FSLR), down 4.4%... JDS Uniphase (JDSU), down 3%... BioMarin (BMRN), down 1.8%... Visa (V), down 1.6%.
17:01 EDTTNII Holdings completes Nextel Mexico sale to AT&T
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16:14 EDTINTCAltera up 1% after Reuters report on Intel standstill pact
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16:13 EDTINTCIntel has standstill pact set to end in June with Altera, Reuters says
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16:13 EDTVVisa cuts FY15 common stock EPS growth to low-end of mid-teens range
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16:12 EDTINTCIntel talked about offering $58 per share for Altera, Reuters says
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16:10 EDTVVisa reports Q2 payments volume growth 11%
Reports Q1 payments volume growth on constant dollar basis, for three months ended December 31 on which fiscal Q2 service revenue is recognized, was 11% over the prior year at $1.2T. Reports payments volume growth on constant dollar basis, for three months ended March 31, was 11% over the prior year at $1.2T. Reports 8% cross-border volume growth on constant dollar basis. Reports total processed transactions 17B, an 11% increase over prior year.
16:07 EDTVVisa reports Q2 EPS 63c, consensus 62c
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16:01 EDTFBOptions Update; April 30, 2015
iPath S&P 500 VIX Short-Term Futures up 60c to 21.84. Option volume leaders: AAPL TSLA TWTR GILD FB AMZN CELG VZ KMI according to Track Data.
15:02 EDTVVisa May 65.5 weekly straddle priced for 3.5% movement into Q2
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15:01 EDTCLXNotable companies reporting before tomorrow's open
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15:01 EDTVNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Visa (V), consensus 62c... Gilead Sciences (GILD), consensus $2.32... American International (AIG), consensus $1.19... Public Storage (PSA), consensus $1.93... LinkedIn (LNKD), consensus 56c... BioMarin Pharmaceutical (BMRN), consensus (53c)... Expedia (EXPE), consensus 9c... Skyworks Solutions (SWKS), consensus $1.13... FleetCor (FLT), consensus $1.40... Eastman Chemical (EMN), consensus $1.60... Western Union (WU), consensus 38c... Fluor (FLR), consensus 98c... Fortune Brands Home & Security (FBHS), consensus 32c... Envision Healthcare (EVHC), consensus 26c... Agnico Eagle Mines (AEM), consensus 10c... FireEye (FEYE), consensus (51c)... Trimble Navigation (TRMB), consensus 30c... PerkinElmer (PKI), consensus 46c... Genpact (G), consensus 25c... athenahealth (ATHN), consensus 14c... Seattle Genetics (SGEN), consensus (19c)... HEALTHSOUTH (HLS), consensus 56c... Teradyne (TER), consensus 12c... Superior Energy (SPN), consensus (5c)... Eldorado Gold (EGO), consensus 2c... Regal Entertainment (RGC), consensus 12c... JDS Uniphase (JDSU), consensus 9c... MRC Global (MRC), consensus 18c... Boyd Gaming (BYD), consensus 9c... Ruckus Wireless (RKUS), consensus 8c... Cloud Peak Energy (CLD), consensus (12c).
14:23 EDTMA, VEarnings Watch: Visa to report after mixed peer results
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11:28 EDTIBMSalesforce seen fetching $100 per share, but several analysts say deal unlikely
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09:34 EDTFBActive equity options trading on open
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09:04 EDTMAMasterCard price target raised to $105 from $91 at Susquehanna
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07:14 EDTMAMasterCard Q1 results 'a touch disappointing,' says Stifel
After MasterCard reported higher than expected Q1 EPS but lower than expected revenue, Stifel says that the company's higher rebates seem likely to persist, while spending is unlikely to provide much of an offset. However, the firm thinks that pricing and expense controls leave the company well-positioned to report solid results. It keeps a Buy rating on the shares.
06:51 EDTIBMPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:10 EDTIBMJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
05:57 EDTIBMMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
April 29, 2015
19:34 EDTINTCIntel restructuring may indicate disapproval of wearables chief, ReadWrite says
Intel's restructured device unit will be lead by SVP Joshua Walden, potentially indicating the company was dissatisfied with its wearables unit under former manager Mike Bell, says ReadWrite, citing spokesperson statements reported by the Wall Street Journal. The Intel spokesperson said Bell will assume a "new role," though no details were given. Reference Link
17:16 EDTIBMSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
16:47 EDTKOWintergreen Advisers comments on holder opposition to Coca-Cola executive pay
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16:01 EDTFBOptions Update; April 29, 2015
iPath S&P 500 VIX Short-Term Futures up 47c to 21.24 Option volume leaders: AAPL TSLA TWTR GILD FB AMZN C MCD BAC CRM BIDU WYNN according to Track Data.
11:09 EDTYHOOYahoo falls, levels to watch
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09:41 EDTMAMasterCard says China rules not done, may be in position to switch in 2016
MasterCard's CEO Banga said that detailed regulations are yet to be issued in China and that some combination of the People's Bank of China and the China banking regulatory commission will put out those detailed regulations, though it is unclear exactly when those will get published. Banga added that the company is already preparing to submit a license application, though he "does not really know" how long the process in China will take for sure. "I kind of think that we should expect to be in a position to switch in China sometime towards the end of 2016. Obviously, if it moves more quickly, that's great for us. But in the meantime there is a lot of people in the company working very hard to get ready for this opportunity to take advantage of it as soon as we possibly can," MasterCard's CEO added on the company's Q1 earnings call.
09:40 EDTFBActive equity options trading on open
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09:36 EDTMAMasterCard sees delivering at low end of 2013-15 revenue CAGR target
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09:31 EDTMAMasterCard sees FY15 revenue growth ex-forex in high single-digits
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09:29 EDTMAMasterCard says most business drivers in April similar to Q1
Through April 21, processed volume had global growth of 10%, similar to the first quarter. In the U.S., processed volume grew 4%, similar to Q1, including roughly a 2 ppt impact from lower gas prices. Processed volume outside the U.S. grew 16%, or about 1 ppt lower than Q1 with growth of mid-to-high teens in each region. Globally processed transaction growth was 12%, similar to what was seen in Q1.
09:26 EDTMAOn The Fly: Pre-market Movers
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09:11 EDTMAMasterCard CEO says underlying fundamentals strong despite currency impacts
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08:05 EDTMAMasterCard reports Q1 operating expenses decreased 1%
Total operating expenses decreased 1%, or increased 3% when adjusted for currency, to $879M during Q1 compared to the same period in 2014. "While the company continued to make strategic investments, foreign exchange gains and ongoing cost management helped to moderate overall expenses, despite the 9 percentage points contributed by acquisitions. The foreign exchange gains related to currency hedging and balance sheet remeasurement, including the impact of devaluation of the Venezuelan Bolivar," the company said.
08:02 EDTMAMasterCard reports Q1 EPS 89c, consensus 80c
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07:51 EDTKOMonster Beverage estimates raised at UBS citing solid fundamentals
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06:52 EDTINTCIntel reorganizing new devices group, WSJ says
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06:10 EDTYHOOHulu said to land 'Seinfeld' streaming rights, WSJ reports
Hulu, which is owned by Disney (DIS), Comcast (CMCSA) and 21st Century Fox (FOXA), has reportedly landed a deal to stream all 180 episodes of "Seinfeld," The Wall Street Journal reports. Though terms of the deal have not been disclosed, a source believes that the per-episode value of the show would be around $700,000. Amazon (AMZN) and Yahoo (YHOO) were also bidders for the streaming rights to "Seinfeld," and Netflix (NFLX) expressed interest initially, but later signed a deal for streaming rights to "Friends." Reference Link
06:06 EDTFBFacebook official: European regulation would pose 'serious' obstacles, FT says
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05:52 EDTTAT&T executive fired over racist texts, AP reports
Aaron Slator, president of content and advertising sales at AT&T, has been fired for using his work telephone to send racially offensive text messages, The Associated Press reports. A $100M lawsuit has been filed in Los Angeles Superior Court against Slator, the company, CEO Randall Stephenson, other executives and Joyce Roche, a board member. Reference Link
April 28, 2015
15:07 EDTMANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
14:27 EDTMAEarnings Watch: Analysts mixed on MasterCard ahead of Q1 results
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12:30 EDTIBMOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after crossing back and forth across the flat line during morning trading, much like Apple (AAPL) shares, which were searching for direction despite the company's report last night having topped expectations on several measures, including revenue, profits, iPhone unit sales and capital return plans. ECONOMIC EVENTS: In the U.S., the Case Shiller 20-city home price index rebounded 0.93% on a seasonally adjusted basis in February, versus expectations for it to be up 0.7% on a month-over-month basis. The Conference Board's consumer confidence index dropped 6.2 points to 95.2 in April, versus expectations for it to have risen to 102.2. The Richmond Fed manufacturing index rose to -3 in April, versus expectations for a reading of -2. COMPANY NEWS: Shares of Apple were little changed near noon after the company last night reported March quarter earnings and sales well above expectations and boosted its shares buyback program to $140B from $90B and quarterly dividend by 11% to 52c. FBR Capital called the quarter “Picasso-like,” while Brian White at Cantor Fitzgerald upped his price target on shares to $195. Less sanguine are analysts at Pacific Crest, Maxim and Deutsche Bank. Noted investor Carl Icahn said afterward that Apple is "still undervalued and misunderstood" and promised to put out another in-depth report on the company within two weeks... IBM (IBM) approved an 18% increase in its quarterly dividend to $1.30 per common share. MAJOR MOVERS: Among the notable gainers was Dow member Merck (MRK), which advanced 5% after its Q1 sales and EPS beat expectations. Two other big name, big revenue drugmakers slid after their earnings reports, as Bristol-Myers (BMY) declined 1% and Pfizer (PFE) fell 0.5%. Also lower following its earnings report was The Container Store (TCS), which declined about 16% after its results and outlook missed expectations. INDEXES: Near midday, the Dow was up 49.61, or 0.28%, to 18,087.58, the Nasdaq was up 9.87, or 0.2%, to 5,070.12, and the S&P 500 was up 3.98, or 0.19%, to 2,112.90.
10:27 EDTIBMIBM board approves 18% increase in quarterly dividend
IBM board declared a regular quarterly cash dividend of $1.30 per common share, payable June 10, 2015 to stockholders of record May 8, 2015. Today’s dividend declaration represents an increase of 20c, or 18% higher than the prior quarterly dividend of $1.10 per common share.
09:36 EDTFB, VActive equity options trading on open
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09:04 EDTKMBKimberly-Clark launches GreenHavest products
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08:49 EDTKOMonster Beverage shares should be bought on any weakness, says Stifel
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07:56 EDTVVisa volatility elevated into Q2 and outlook
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07:38 EDTMAMasterCard volatility elevated into Q2 and outlook
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06:24 EDTV, MASmall lenders object to settlements between card networks merchants, WSJ says
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06:05 EDTTFCC could reject Dish's wireless license auction bids, WSJ reports
According to sources, the FCC could reject Dish Network's (DISH) "attempt to benefit from billions of dollars in small-business discounts" in a wireless license auction, The Wall Street Journal reports. Earlier this year, Dish won $13.3B worth of bids in the auction, and later claimed $3.3B in discounts intended for small businesses. Dish, which said it disclosed its bidding plans in advance, believes its participation in the auction introduced competition to AT&T (T) and Verizon (VZ). Reference Link
05:21 EDTINTCIntel announces collaboration with Onyx Healthcare
Intel Security announced it is collaborating with Onyx Healthcare to integrate Intel Security technologies into Onyx’s product lines, which include McAfee Application Control with ePolicy Orchestrator and McAfee Complete Data Protection. They will be integrated into all Onyx’s systems in order to help Onyx meet HIPPA and HiTech compliance regulations and better protect their customers brands as well as Electronic Patient critical information. Intel Security will become the preferred security provider for Onyx, underscoring Intel Security’s leadership position in the healthcare sector and Internet of Things connected devices.
05:19 EDTINTCIntel Security announces collaboration with KIOSK
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April 27, 2015
18:09 EDTYHOOYahoo announces 18 new digital video series
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16:03 EDTMAMasterCard to acquire Applied Predictive Technologies for $600M
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14:44 EDTFBFacebook introduces video calling in Messenger
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13:36 EDTFBFacebook engineering director to leave company, TechCrunch reports
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09:21 EDTDELLDell to resell Aerohive’s solutions worldwide
Aerohive Networks announced that Dell will resell Aerohive’s solutions worldwide, offering Dell’s customers the combination of Aerohive’s Wi-Fi and cloud services, and Dell’s set of solutions from the data center all the way to endpoint devices. Under the agreement and relationship announced Dell is reselling Aerohive’s award-winning cloud-managed Wi-Fi solutions alongside other Dell products
08:29 EDTYHOOYahoo negotiating renewal of deal with Couric, WSJ says
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08:14 EDTTBofA/Merrill media & telecom analysts hold analyst/industry conference call
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07:17 EDTYHOOAOL CEO says idea of merger with Yahoo a 'dead notion'
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07:13 EDTDELL, T, INTCUBM Tech to hold a conference
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05:58 EDTINTCAMD to launch Godavari APUs at end of May, DigiTimes reports
AMD (AMD) plans to launch Godavari series APUs at the end of may to compete with Intel's (INTC) Broadwell and Skylake platforms, reports DigiTimes. According to Taiwan-based supply chain makers, AMD will launch 14nm Summit Ridge APUs to be produced by Samsung (SSNLF) and Globalfoundries in 2016 and the Raven Ridge-series in 2017. Reference Link
April 26, 2015
12:48 EDTINTCQualcomm could rise 30% to around $90, Barron's says
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April 24, 2015
16:31 EDTMA, VStocks finish week higher following strong tech earnings
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12:51 EDTTAT&T says all twelve board nominees reelected for one-year terms
12:35 EDTINTCAltera retreats after weak earnings that Intel reportedly saw coming
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10:00 EDTTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Neutral at Macquarie... Alaska Air (ALK) upgraded to Buy from Neutral at Buckingham... Amazon.com (AMZN) upgraded at Raymond James... American Electric (AEP) upgraded to Buy from Hold at Deutsche Bank... Broadridge (BR) upgraded to Buy from Hold at Evercore ISI... Cablevision (CVC) upgraded to Hold from Sell at Brean Capital... Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman... Core Laboratories (CLB) upgraded to Outperform from Sector Perform at Iberia... Crown Castle (CCI) upgraded to Outperform from Market Perform at Raymond James... Encore Wire (WIRE) upgraded to Buy from Neutral at Sidoti... Gigamon (GIMO) upgraded to Buy from Neutral at DA Davidson... Juniper (JNPR) upgraded on improved outlook at RBC Capital... KPN (KKPNY) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Outperform from Market Perform at Avondale... Mattel (MAT) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded to Buy from Neutral at Nomura... Premiere Global (PGI) upgraded to Outperform from Market Perform at Raymond James... Quintiles (Q) upgraded to Buy from Hold at Jefferies... Southwestern Energy (SWN) upgraded to Market Perform at Raymond James... TE Connectivity (TEL) upgraded on positive catalysts at SunTrust... Target (TGT) upgraded to Buy from Neutral at BofA/Merrill... TriState Capital (TSC) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Buy from Hold at Evercore ISI... Vipshop (VIPS) upgraded to Buy from Hold at HSBC... Vocera (VCRA) upgraded to Buy from Hold at Craig-Hallum.
09:38 EDTINTCIntel may still consider Altera deal, but no talks ongoing, CNBC says
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09:37 EDTFBActive equity options trading on open
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09:37 EDTINTCIntel not in ongoing talks with Altera currently, CNBC's Faber says
08:56 EDTTAT&T comments on merger bode well for Dycom, says FBR Capital
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06:21 EDTTAT&T upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded AT&T (T) to Outperform and increased its price target to $37 from $33 following the Q1 report. The firm does not foresee any regulatory issues with the DirecTV (DTV) merger and recommends investors buy AT&T for increasing 2016 and beyond estimates, improving dividend coverage, free-cash-flow growth, and a potential $20B in assets that can be sold to deleverage, among other reasons.
06:16 EDTYHOO, FBEU considers new regulator to oversee internet companies, WSJ reports
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05:58 EDTFBFacebook implied volatility of 24 at lower end of index mean range
05:52 EDTINTCIntel to help vendors launch inexpensive Android tablets, DigiTimes reports
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April 23, 2015
15:38 EDTYHOOEarnings Watch: Citi says sell Microsoft shares, Wells Fargo sees outperformance
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14:29 EDTFBFacebook launches video ad partnership featuring Vice, The Onion, Funny or Die
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11:19 EDTTAT&T eyes benchmark bond offering to back DirecTV merger, Forbes reports
AT&T (T) is shopping a benchmark offering of SEC-registered senior notes across as many as six tranches to back its planned merger with DirecTV (DTV), reports Forbes. The company is eyeing the placement of June-dated five-year notes in fixed- and/or floating-rate formats. Reference Link
10:55 EDTFBPac Crest an outlier with bearish note on Facebook following Q1 report
After Facebook last night reported higher than expected first quarter profits but lower than expected revenue. several analysts reacted positively to the company's results, raising their price targets on the social network operator's stock. However, Pacific Crest went against the mostly bullish trend by recommending that investors avoid the stock. WHAT'S NEW: Facebook last night reported first quarter earnings per share of 42c, versus the consensus outlook of 40c. The social network operator's revenue came in below expectations, and the company said that foreign exchange trends negatively impacted its first quarter results. Facebook forecast that foreign exchange headwinds would increase this quarter. Facebook reported that it had 936M daily active users on average last month, an increase of 17% versus the same period a year earlier. Its monthly active users climbed 13% year-over-year to 1.44B in Q1. BULLISH TAKE: Adjusting for currency, Facebook's Q1 revenue would have been 3% higher than the Street's consensus outlook, Piper Jaffray analyst Gene Munster stated. The online network's "story is firmly intact" as its results are likely to be boosted by the ramping of Instagram in 2016, WhatsApp in 2017 and Oculus in 2018, the analyst stated. He kept a $92 price target and Buy rating on the shares. Also upbeat was Deutsche Bank analyst Ross Sandler, who raised his price target on the stock to $100 from $90, saying that its currency headwinds "masked" strong Q1 results. The stock will "grind higher" on new revenue streams and product announcements, predicted Sandler, who kept a Buy rating on the shares. JPMorgan analyst Doug Anmuth raised his price target on the stock to $100 from $85, saying that the company reported strong Q1 results and that it is the best positioned Internet company over the next five years. Moreover, its video ads appear to be hitting a positive turning point, added Anmuth, who kept an Overweight rating on the name. BEARISH TAKE: Facebook's price per ad appears to have declined sequentially last quarter for the first time since early 2013, wrote Pacific Crest analyst Evan Wilson. If that trend continues, its price per ad growth will decelerate significantly this year, according to the analyst. Additionally, the company's margins are contracting and its new products are unlikely to make much of an impact this year, according to Wilson, who recommended that investors choose other stocks over Facebook. PRICE ACTION: In mid-morning trading, Facebook slid 0.7% to $84 per share.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB PBR TWTR AA COST TSLA AMZN TXN BAC
09:03 EDTV, MAHeartland announces collaboration with PAX for EMV terminals for merchants
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08:54 EDTJAHJarden backs FY15 EPS view of $2.75-$2.90, consensus $2.80
Backs FY15 segment earnings margin view of 13.5%-14%. Backs FY15 cash flow from operations guidance of $700M. Guidance provided during Q1 earnings conference call.
08:27 EDTFBFacebook growth slowing, margins contracting, says Pacific Crest
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08:23 EDTFBFacebook reported solid results, says Brean Capital
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08:11 EDTFBFacebook price target raised to $94 from $84 at FBR Capital
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07:45 EDTFBFacebook price target raised to $100 from $85 at JPMorgan
JPMorgan raised its price target for Facebook shares to $100 saying the company posted strong Q1 results despite a challenging currency environment. The firm highlights Facebook's growth in organic and promoted video views as well as its better ad targeting and measurement tools. JPMorgan continues to view Facebook as the best positioned company in the internet space over the next five years. It keeps an Overweight rating on the stock.
07:28 EDTFBFacebook price target raised to $105 from $88 at RBC Capital
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07:22 EDTFBFacebook thesis strengthened, says Credit Suisse
Credit Suisse said Facebook remains a top pick for 2015 and that its in-line quarter strengthened the firm's Outperform thesis. The firm said the quarter reaffirmed its conviction that Facebook will be able to drive revenue growth without a material increase in ad loads, consensus estimates underestimate long-term monetization potential of new products, and upward bias to estimates from Offers/Local, Instagram, WhatsApp, Oculus, and others. Credit Suisse's price target on Facebook remains $106.
07:21 EDTMA, VChina unlikely to have major impact on Visa, MasterCard, says Bernstein
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07:17 EDTFBFacebook price target raised to $100 from $90 at Deutsche Bank
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07:15 EDTJAHJarden deconsolidated Venezuela business effective March 31
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07:14 EDTJAHJarden reports Q1 adjusted EPS 6c, consensus 6c
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06:57 EDTKOCoca-Cola laying groundwork for rebound, says Bernstein
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06:48 EDTFBFacebook reported strong Q1 results, says Cantor
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05:56 EDTVStocks with implied volatility movement; V SCTY
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05:53 EDTINTCIntel to launch SoFIA LTE chips in Q4, DigiTimes reports
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05:49 EDTFBFacebook Q1 sales a 3% beat ex-currency, says Piper Jaffray
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05:31 EDTTADTRAN downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded ADTRAN (ADTN) to Neutral after the company said on its Q1 earnings call that its deployment with AT&T (T) has been fully cancelled. Goldman expected the AT&T business to drive revenue and earnings reacceleration. It cut its price target for ADTRAN shares to $18 from $26.
April 22, 2015
19:14 EDTFB, TOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
18:27 EDTINTCSemiconductor stocks under pressure after TI, Qualcomm report financial results
Semiconductor stocks are under pressure after earnings reports from Texas Instruments (TXN) and Qualcomm (QCOM). TEXAS INSTRUMENTS: TI reported first quarter results that were lower than analyst expectations, and gave second quarter guidance below consensus estimates. In its Q1 earnings press release, Texas Instruments said its outlook for Q2 is for earnings per share between 60c-70c and revenue in the range of $3.12B-$3.38B. "Our estimates assume continuing weakness in our communications equipment and personal electronics markets, particularly for wireless infrastructure equipment and PCs, respectively. We also do not expect a near-term rebound in foreign currency exchange rates. The annual effective tax rate for 2015 is expected to be about 30%." QUALCOMM: Qualcomm reported Q2 results that were better than analyst's average estimates, but lowered its fiscal year 2015 EPS and revenue views. Qualcomm CEO Steve Mollenkopf said, "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer." PRICE ACTION: In after-hours trading, shares of Texas Instruments are down over 6%, while Qualcomm shares are down almost 3%. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), NVIDIA (NVDA), Altera (ALTR), Xilinx (XLNX), and Maxim Integrated (MXIM).
17:32 EDTFBFacebook sees total payments and other fees revenue to decline
Facebook sees total payments and other fees revenue to decline on a year-over year basis for the remainder of the year. Sees FY15 CapEx $2.7B-$$3.2B.
17:23 EDTFBNokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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17:22 EDTFBFacebook says FX headwinds in Q2 will be greater than Q1
17:20 EDTFBFacebook says Q1 Non-Gaap expense increased 57%
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17:18 EDTFBFacebook says FX headwinds impacted Q1 revenue
17:14 EDTFBFacebook sees videos attracting marketers to mobile
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17:11 EDTFBFacebook says Instagram has more than 200M daily users
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16:44 EDTMA, VOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in positive territory, but turned negative shortly after the open. The downside move failed to gain momentum and the averages remained near the flat line for most of the morning. The market moved to session highs by mid-afternoon and drifted higher into the close, as investors prepared for another round of earnings reports. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of Visa (V) rose $2.66, or 4.07%, to $68.01 and MasterCard (MA) advanced $3.43, or 3.91%, to $91.20 after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. Goldman Sachs said the overall rule is broader and simpler than expected, raising the possibility that Visa and MasterCard could operate more freely in China than the firm had previously expected... Shares of McDonald's (MCD) advanced $2.97, or 3.13%, to $97.84 after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. MAJOR MOVERS: Among the notable gainers was Organovo (ONVO), which surged 67c, or 14.99%, to $5.14 after disclosing the company entered into a multi-year research collaboration agreement with Merck (MRK) that gives the drugmaker access to Organovo’s commercial exVive3D Human Liver Tissue service. Also higher was Vitamin Shoppe (VSI), which gained $5.54, or 14.22%, to $44.50 after asset management firm Carlson Capital revealed that it had obtained a 5.34% stake in the company and said that it had held talks with the retailer of natural treatments, supplements and vitamins. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped $1.38, or 19.94%, to $5.54 after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower were shares of Chipotle Mexican Grill (CMG), which fell $51.29, or 7.41%, to $641.23 after the company reported lower than expected first quarter comparable sales growth of 10.4%. INDEXES: The Dow rose 88.68, or 0.49%, to 18,038.27, the Nasdaq gained 21.07, or 0.42%, to 5,035.17, and the S&P 500 advanced 10.67, or 0.51%, to 2,107.96.
16:10 EDTTAT&T sees DirecTV deal closing in Q2
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16:08 EDTTAT&T Q1 wireless revenues up 1.8% to $18.2B
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16:03 EDTFBFacebook down $1.20 to $83.43 after Q1 results
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16:03 EDTTAT&T says FY15 standalone guidance 'on track'
16:02 EDTFBFacebook reports Q1 daily active users up 17%
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16:02 EDTTAT&T reports Q1 adjusted EPS 63c, consensus 62c
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16:01 EDTFBFacebook reports Q1 EPS 42c, consensus 40c
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16:00 EDTFBOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
15:50 EDTJAHNotable companies reporting before tomorrow's open
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15:30 EDTT, FBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
14:47 EDTINTCEarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
14:00 EDTKOCoca-Cola buys Chinese health beverage maker, WantChinaTimes says
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13:51 EDTFBEarnings Watch: Analysts expect Facebook to beat Q1 expectations
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13:47 EDTMAMasterCard volatility up, China unveils rule on clearing domestic transaction
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13:28 EDTFBFacebook April weekly 84 straddle priced for 5.4% movement into Q1
13:01 EDTFBFacebook technical comments ahead of results
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12:58 EDTVVisa volatility elevated, China unveils rule on clearing domestic transactions
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12:43 EDTV, MAVisa, MasterCard jump after China unveils rule on clearing domestic transactions
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12:43 EDTYHOOYahoo may face difficulties in Japan exit, WSJ says
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12:31 EDTINTC, MA, V, KOOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after having been on a bit of a see-saw during morning trading. The averages opened in positive territory, soon turned negative, then back into positive ground following the release of a better than expected existing home sales report. The housing data was followed by a lift in the averages, which remained in positive ground near noon. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of McDonald's (MCD) advanced 2% after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. Also rising after its quarterly report was another globally recognized brand, Coca-Cola (KO), whose shares gained 1% after its comparable earnings per share topped the consensus estimate. A third member of the Dow, Boeing (BA), slid over 2.5% after its earnings beat expectations but its revenue fell short of the consensus forecast... Visa (V) rose 5% and MasterCard (MA) advanced over 4% after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. MAJOR MOVERS: Among the notable gainers was Angie's List (ANGI), which jumped 12% after the company reported it was profitable in the first quarter and announced an exclusive relationship that will see carpet manufacturer Shaw Industries give the company's members exclusive product offers. Also higher was ASML (ASML), which gained 11% after announcing that it has signed an agreement with one of its "major U.S. customers" to deliver a minimum of 15 ASML EUV, or Extreme Ultraviolet, lithography systems. Afterward, Summit Research said it thinks the most likely buyer is Intel (INTC), which the firm believes does not want to be left behind if TSMC (TSM) puts EUV to use in 10nm processing. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped 19% after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower following their earnings reports were ADTRAN (ADTN), which fell over 9%, Cree (CREE), which slid 9%, and Chipotle Mexican Grill (CMG), which declined 6%. INDEXES: Near midday, the Dow was up 28.69, or 0.16%, to 17,978.28, the Nasdaq was up 6.66, or 0.13%, to 5,020.77, and the S&P 500 was up 5.24, or 0.25%, to 2,102.53.
11:54 EDTV, MAGoldman says buy Visa, MasterCard as China rule broader, earlier than expected
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11:51 EDTYHOOStocks with call strike movement; CSX YHOO
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11:33 EDTYHOOYahoo should seek go-private offer after spins, says BGC Financial
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10:11 EDTINTCHouse Committee on Small Business to hold a hearing
The Committee holds a hearing entitled, "Small Business: Big Threat: Protecting Small Businesses From Cyber Attacks" with Chief Technology Officer Grobman of Intel on April 22 at 11 am.
09:38 EDTKOCoca-Cola says Monster transaction now expected to close mid to late Q2
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09:37 EDTINTCAltera quarterly results 'may not be great,' CNBC's Faber reports
There is talk that Altera's (ALTR) earnings report "may not be great" when the chip company reports Q1 results on Thursday, April 23, CNBC's David Faber reports. Investors assume Altera will report a strong quarter after turning down Intel's takeover attempt, but that may not be the case, according to Faber. Shares of the chip maker are down 35c to $42.89 in early trading. Piper Jaffray this morning downgraded the stock to Neutral.
09:36 EDTKOCoca-Cola says productivity efforts on track across all spend areas
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09:32 EDTINTCASML large EUV tool order likely from Intel, says Summit Research
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09:22 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
09:11 EDTV, MAChina move on payments market seen as positive for Visa, MasterCard
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09:01 EDTYHOOYahoo launches new video ad formats for advertisers and developers
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08:16 EDTKOCoca-Cola announces letteres of intent with U.S. bottling partners
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08:13 EDTIBMPSA Peugeot Citroën and IBM announce partnership
PSA Peugeot Citroën and IBM announced a partnership to help various industries within the Internet of Things economy to analyze data to deliver new services from connected vehicles. The companies are expanding their partnership announced last year to develop connected services for PSA vehicles by now enabling other industries and companies to propose new added values services in their vehicles. The seven-year agreement will focus on commercializing services and building next-generation technical solutions necessary to deliver connected services.
07:37 EDTKOCoca-Cola up 1.8% to $41.50 in pre-market following Q1 report
07:36 EDTKOCoca-Cola CEO still sees 2015 as 'transition year'
Muhtar Kent, Chairman and CEO of The Coca-Cola Company said, "We are pleased with our solid progress on the implementation and execution of our global strategic initiatives. Though we are still in the early stages, we see some initial positive indicators that we have the right strategies in place to accelerate growth. However, we continue to view 2015 as a transition year as the benefits from the announced initiatives will take time to fully materialize amidst an uncertain and volatile macroeconomic environment. We remain committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value."
07:35 EDTKOCoca-Cola reports Q1 unit case volume up 1%
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07:34 EDTKOCoca-Cola targeting FY15 net share repurchases of $2B-$3B
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07:34 EDTKOCoca-Cola sees 7 point headwind to revenue in Q2 from currency
For Q2, Coca-Cola estimates that currency will be an approximate 7 point headwind on net revenues, a 10 point headwind on operating income and a 5 to 6 point headwind on income before taxes.
07:33 EDTKOCoca-Cola maintains underlying FY15 currency neutral growth expectations
Coca-Cola expects full-year comparable currency neutral EPS growth to be mid single digits, roughly in line with its growth rate in 2014. FY15 EPS consensus $1.98. The company estimates that the net impact of structural items on FY15 results will be a slight headwind on net revenue growth, and it has no material changes to its prior guidance on income before taxes. The company expects fluctuations in foreign currency exchange rates to have an unfavorable impact on its reported results in 2015. Based on current spot rates, existing hedge positions, and the cycling of prior year rates, the company estimates that currency will be an approximate 6 point headwind on net revenues, a 10 point headwind on operating income, and a 7 point headwind on income before taxes for the full year.
07:31 EDTKOCoca-Cola reports Q1 comparable EPS 48c, consensus 42c
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07:10 EDTFBFacebook volatility increases into Q1 and outlook
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06:32 EDTYHOOYahoo price target lowered to $48 from $56 at Barclays
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06:25 EDTTFCC staff to meet with commissioners today on Comcast deal, Reuters reports
FCC staff is slated to brief the agency's commissioners later today on their review of Comcast's (CMCSA) proposed merger with Time Warner Cable (TWC), according to Reuters, which cited two unnamed sources. The staff is also slated to discuss its view of a $48B pending deal between AT&T (T) and DirecTV (DTV), the news agency quoted one of the sources as saying. Reference Link
06:08 EDTYHOOYahoo price target lowered to $54 from $60 at Piper Jaffray
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06:06 EDTFBGoogle, Facebook seek to reach billions of people without Web access, WSJ says
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06:01 EDTTGoogle could launch wireless service today, WSJ reports
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05:43 EDTINTCAltera downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Ruben Roy downgraded Altera (ALTR) to Neutral from Overweight saying takeover speculation has driven the valuation above a fundamentals based fair value. He believes an acquisition by Intel (INTC) makes sense, but at a reasonable valuation. The analyst thinks a higher premium than $54 per share is unlikely. Piper keeps a $42 price target for shares of Altera. Roy still views the longer-term prospects for the programmable logic device companies favorably and thinks Altera is better positioned near-term versus Xilinx (XLNX). Shares of Altera closed yesterday up 8c to $43.24.
April 21, 2015
19:06 EDTYHOOOn The Fly: After Hours Movers
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17:48 EDTYHOOYahoo reverses losses in after-hours, now up 1.3%
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17:44 EDTYHOOYahoo retained advisors to determine strategy for Yahoo Japan
Commnent made on company Q1 earnings conference call.
16:45 EDTYHOOYahoo sees Q2 revenue ex-TAC $1.01B-$1.05B, consensus $1.04B
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16:39 EDTYHOOYahoo reports Q1 mobile revenue $234M vs. $145M last year
Mobile revenue represented 14% of traffic-driven revenue in the Q1 of 2014, and increased to 21% in Q1 of 2015, Yahoo said. Gross mobile revenue for the first quarter of 2014 and 2015 was approximately $231M and $391M, respectively.
16:18 EDTYHOOYahoo slips lower after results
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16:11 EDTYHOOYahoo drops 2% to $43.75 after Q1 results miss expectations
16:10 EDTYHOOYahoo CEO says 'amidst a multi-year transformation'
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16:09 EDTYHOOYahoo reports Q1 number of Ads Sold up 29%
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16:08 EDTYHOOYahoo reports Q1 Paid Clicks up 21%, Price-per-Click up 3%
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16:06 EDTYHOOYahoo reports Q1 EPS 15c, consensus 18c
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16:00 EDTFB, KOOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
15:46 EDTKOCoca-Cola technical notes ahead of earnings
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15:28 EDTKONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.
15:28 EDTYHOONotable companies reporting after market close
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15:09 EDTKOEarnings Watch: Coca-Cola shares down 6% over last three months
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13:40 EDTTEarnings Watch: AT&T sees Q1 charge of approximately $130M
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13:34 EDTYHOOEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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10:55 EDTINTCStreet Check: Lam Research defenders rewarded with post-earnings jump
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10:16 EDTKMBKimberly-Clark optimistic to generate attractive shareholder returns
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10:09 EDTKMBKimberly-Clark targets FY15 organic sales growth of 3%-5%
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10:01 EDTCLX, FBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
09:37 EDTFB, IBMActive equity options trading on open
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09:22 EDTKMBOn The Fly: Pre-market Movers
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09:17 EDTFBFacebook initiated with a Buy at Cleveland Research
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08:41 EDTIBMOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
07:57 EDTTAT&T April weekly volatility elevated into Q1 and outlook
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07:46 EDTIBMIBM results unlikely to alter sentiment, says Stifel
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07:36 EDTTU.S. mobile cariers could be pressured from new data plans, WSJ says
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07:24 EDTIBMIBM beat driven by cyclical factors, says RBC Capital
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07:23 EDTKMBKimberly-Clark recorded $45M tax remeasurement charge in Q1
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07:22 EDTKMBKimberly-Clark expects FY15 total defined benefit contributions of $450M-$500M
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07:21 EDTKMBKimberly-Clark reports Q1 organic sales up 5%, volumes up 3%
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07:20 EDTKMBKimberly-Clark expects restructuring to be completed by end of 2016
Total costs are anticipated to be $130M-$160M after tax. Cumulative pre-tax savings from the restructuring are expected to be $120M-$140M by the end of 2017. First quarter 2015 restructuring costs were $5M after tax, bringing cumulative costs to $100M after tax. First quarter 2015 savings were $10M, bringing cumulative savings to $15M.
07:19 EDTKMBKimberly-Clark reports Q1 Personal Care sales down 3% to $2.3B
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07:18 EDTKMBKimberly-Clark reports Q1 mid-single digit organic sales growth
07:17 EDTKMBKimberly-Clark backs FY15 EPS $5.60-$5.80, consensus $5.64
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07:17 EDTKMBKimberly-Clark reports Q1 adjusted EPS $1.42, consensus $1.33
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07:06 EDTINTCRe/Code to hold a conference
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07:00 EDTIBMIBM results demonstrate further progress on turnaround, says Cantor
Cantor says that IBM reported healthy Q1 results which demonstrate that the company is making further progress in its turnaround. The firm expects the company's sales cycle to bottom this quarter and it finds the stock's valuation attractive. Cantor keeps a $198 price target and Buy rating on the shares.
06:18 EDTMA, VUS merchants struggle to meet deadline for accepting chip cards, WSJ reports
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06:18 EDTIBMCitigroup unenthused with IBM mix, still prefers Apple
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06:04 EDTYHOOYahoo, Microsoft add termination clause to search deal
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April 20, 2015
18:48 EDTIBMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
18:19 EDTCLXClorox initiated with a Sector Weight at KeyBanc
18:00 EDTIBMIBM off after-hours highs, now up 0.44% to $166.89
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17:02 EDTIBMIBM sees FY15 free cash flow flat
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17:00 EDTIBMIBM seeing signs transformation is working
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16:53 EDTIBMIBM Q1 cloud revenue up more than 75% adjusted for FX, divested businesses
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16:14 EDTIBMIBM CEO says Q1 "strong" start to year
"In the first quarter we had a strong start to the year. Our strategic imperatives growth rate accelerated, demonstrating the power of our offerings in these new opportunities and contributing to improved revenue performance. Our focus on higher value through portfolio transformation and investment in key areas of the business drove continued margin expansion,” said Ginni Rometty, IBM chairman, president and CEO.
16:13 EDTIBMIBM reports Q1 services backlog of $121B
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16:12 EDTIBMIBM reports Q1 revenue from Hardware down 23%
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16:11 EDTIBMIBM reports Q1 revenue from Software Segment down 8%
Revenues from the Software segment were down 8% to $5.2B (down 2 percent adjusting for currency) compared with the first quarter of 2014. Software pre-tax income increased 1 percent and pre-tax margin increased to 31.4%. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $3.5B, down 5% (up 1 percent adjusting for currency) versus the first quarter of 2014. Operating systems revenues of $0.4B were down 15% (down 9 percent adjusting for currency) compared with the prior-year
16:09 EDTIBMIBM reports Q1 Global Services segment revenue down 12%
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16:07 EDTIBMIBM sees FY15 EPS $15.75-$16.50, consensus $15.89
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16:05 EDTIBMIBM reports Q1 EPS $2.91, consensus $2.82
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16:01 EDTFBOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
15:37 EDTKMBNotable companies reporting before tomorrow's open
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15:37 EDTIBMNotable companies reporting after market close
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15:36 EDTKMBKimberly-Clark technical remarks before earnings
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15:13 EDTIBMIBM April weekly 165 straddle priced for 3.5% movement into Q1
15:05 EDTIBMEarnings Watch: IBM rumored to be concerned about becoming activist target
International Business Machines (IBM) is expected to report first quarter earnings after the close on Monday, April 20, with a conference call scheduled for 4:30 pm ET. IBM, a global information technology services and software company, is a component of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $2.82 on revenue of $19.73B. The consensus range is $2.57-$3.01 for EPS on revenue of $19.31B-$20.49B, according to First Call. During its investor day meeting on February 26, IBM backed its FY15 EPS view of $15.75-$16.50, which compared to consensus at the time of $16.02 and current consensus of $15.89. Based on February 25 spot rates, the company said it expected currency to impact revenue growth by over 7 points for Q1, and over 6 points for the full year. This was greater than the impact previously provided based on January 16 spot rates. In addition, the company said it continued to expect a 4 point impact to revenue growth in each of the first three quarters of 2015 due to the divestiture of the System x business. LAST QUARTER: IBM reported Q4 EPS of $5.81, topping the consensus estimate of $5.41. Revenue came in at $24.1B, which was below the consensus $24.77B projection. IBM said at that time that it had a services backlog of $128B. NEWS: On February 17, IBM unveiled IBM Spectrum Storage, a new storage software portfolio designed to address data storage inefficiencies, according to the company. To accelerate the development of next-generation storage software, IBM also announced plans to invest more than $1B in its storage software portfolio over the next five years. During its analyst day meeting a bit over a week later, IBM said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security. On March 31, IBM announced that it will invest $3B over the next four years to establish a new Internet of Things, or IoT, unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions. On April 2, CNBC reported, citing people with knowledge of the matter, that IBM had hired two investment banks to "formulate a defense plan" since the company was concerned about a potential attack by activist hedge funds. The sources also noted that activist investors in IBM had already tried and failed to get Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct involved in shaking up the company. STREET RESEARCH: On the day after the company's last report, Citigroup cut its price target for IBM shares to $170 from $180. Meanwhile, Jefferies said that day that IBM's cash flow guidance for 2015 was "very weak" and that the company had yet to reach a bottom. The firm continued to believe the risk/reward for shares was skewed negatively and it kept an Underperform rating and $130 price target on IBM shares at that time. On March 2, Atlantic Equities downgraded IBM to Underweight from Neutral. The firm said IBM faces long-term structural issues and it was unconvinced management's strategic plan will change the direction. The firm, which foresees further room for disappointment around consensus expectations of 8% earnings growth in 2016-2017, lowered its price target to $140 from $150 on the stock. On April 15, Credit Suisse lowered its estimates on IBM ahead of the company's Q1 report and reiterated its Underperform rating and $125 price target on the stock. Credit Suisse said then that its 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. PRICE ACTION: Shares of IBM fell $4.86, or 3.1%, to $152.09 on the first day of trading after its Q4 report. Despite that drop on the day after the report, IBM shares have risen nearly 5% over the last three months. In afternoon trading ahead of tonight's report, IBM is up 3% to $165.49 per share.
12:57 EDTIBMIBM technical comments ahead of earnings
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12:37 EDTKOCoca-Cola April weekly volatility elevated into Q1 and growth outlook
Coca-Cola April weekly call option implied volatility is at 32, May is at 17, June and September is at 14; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 22.
11:10 EDTYHOOStocks with call strike movement; TWC YAHOO
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10:38 EDTFBFacebook volatility elevated into Q1 and outlook
Facebook April weekly call option implied volatility is at 73, May is at 39, June 30, September is at 29; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 22.
09:36 EDTFBActive equity options trading on open
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09:04 EDTYHOOYahoo names Sharon Carty as editor-in-chief of Yahoo Autos digital magazine
Yahoo (YHOO) announced that Sharon Carty is the new Editor-in-Chief of the recently launched digital magazine, Yahoo Autos. Sharon will lead a talented group of automotive experts including Managing Editor Justin Hyde, Editor-at-Large Alex Lloyd and Road Test Editor Aki Sugawara. Sharon joins Yahoo Autos from AOL’s (AOL) Autoblog where she was the Editor-in-Chief overseeing a staff of reporters and videographers.
07:56 EDTFBFacebook Q1 results should beat expectations, says Oppenheimer
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07:30 EDTINTCApplied Materials added to Franchise Picks list at Jefferies
Jefferies added Applied Materials (AMAT) to its Franchise Picks list with the stock down 14% year-to-date. The firm attributes the pullback to concerns around tool reuse, and notes it still expects foundry capital spending to increase amid "increased process complexity and competition." Jefferies' work indicates TSMC's (TSM) and Intel's (INTC) capex cuts were driven by market share losses rather than innovation in tool reuse. It keeps a Buy rating on AMAT with a $29 price target.
07:18 EDTKOCoca-Cola had strong Q1 convenience store sales, says Wells Fargo
After surveying U.S. convenience stores, Wells Fargo estimates that Coca-Cola's convenience store volumes rose 4.1% in Q1, the largest increase in the past four quarters, according to the firm. The firm says that retail prices for Coke's products at convenience stores were up 2.5% in Q1, and it expects the company to report solid U.S. Q1 results.
07:04 EDTFBFacebook Q1 results should beat expectations, says Cantor
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06:29 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 46, May is at 25, June is at 22; 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.
05:51 EDTFBEU calls for 'level playing field' in telecoms market, Financial Times reports
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05:26 EDTINTCEricsson announces collaboration with Intel security
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