New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | all recent news | >>
October 31, 2014
16:24 EDTFB, MA, VStocks finish week higher after Japan stimulus, strong U.S. GDP growth
Subscribe for More Information
16:01 EDTFBOptions Update; October 31, 2014
Subscribe for More Information
11:58 EDTFBLinkedIn rallies after better than expected Q3 results
Subscribe for More Information
10:21 EDTFBCourt says UBS can't force Nasdaq to arbitrate on Facebook IPO, Reuters reports
Subscribe for More Information
10:00 EDTVOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:51 EDTFBFacebook upgraded to Buy from Neutral at Tigress Financial
Subscribe for More Information
09:36 EDTMA, FBActive equity options trading
Subscribe for More Information
08:50 EDTVVisa upgraded at Argus
Subscribe for More Information
08:33 EDTCLXClorox sees FY15 $4.35-$4.50, consensus $4.42
Subscribe for More Information
08:32 EDTCLXClorox reports Q1 EPS $1.10, consensus $1.03
Subscribe for More Information
08:12 EDTVVisa upgraded to Buy from Hold at Argus
Price target is $260.
07:16 EDTIBMIBM guidance misinterpreted by analysts, says Jefferies
Jefferies believes most of the sell-side analysts misinterpreted IBM's implied Q4 guidance. The issue, Jefferies says, is that IBM gave 2014 guidance based on a restated 2013 and year-to-date 2014, to exclude Microelectronics, which IBM is selling to GlobalFoundries. This suggests a lower Q4 than would be implied by using year-to-date earnings results as reported, the firm believes. It thinks IBM's 2014 guidance implies Q4 EPS of $5.19-$5.51, with a midpoint of $5.35, compared to the consensus estimate of $5.51. Jefferies lowered its Q4 estimate for IBM to $5.35 from $5.63 and keeps an Underperform rating on the stock with a $144 price target. IBM closed yesterday up 89c to $164.35.
06:57 EDTINTCSkylake processor delay may weaken Windows 10 notebook demand, DigiTimes says
Subscribe for More Information
06:29 EDTTJudge approves CSN Houston restructuring plan, WSJ reports
A bankruptchy judge approved a restructuring plan that will hand control of ComcastSportsNet Houston to DirecTV (DTV) and AT&T (T), reports the Wall Street Journal. Despite objections from Comcast (CMCSA), the approved plan will shut down the network and then relaunch it under the name Root Sports Houston. Comcast owns about 23% of CSN Houston. Reference Link
05:56 EDTVStocks with implied volatility below IV index mean; V BABA
Stocks with implied volatility below IV index mean; Visa (V) 18, Alibaba (BABA) 45 according to iVolatility.
05:47 EDTINTCStocks with implied volatility movement; SMH INTC
Stocks with implied volatility movement; Market Vectors Semiconductor (SMH) 26, Intel (INTC) 26 according to iVolatility.
05:36 EDTIBMIBM announces partnership with Tencent Cloud
Subscribe for More Information
October 30, 2014
18:39 EDTINTCOn The Fly: After Hours Movers
Subscribe for More Information
18:02 EDTV, MAVisa, MasterCard near to lowering processing fees in Canada, WSJ says
Reflecting the influence that merchants have gained with the government, Visa (V) and MasterCard (MA) are close to lowering processing fees paid by Canadian merchants, says the Wall Street Journal. It is still unclear if the credit card companies would be voluntarily lowering their fees or if the government, which seeks to bolster small businesses, will be forcing the move, added the Wall Street Journal. Reference Link
17:10 EDTMA, VOn The Fly: Closing Wrap
Stocks on Wall Street advanced, with a strong move higher from Visa (V) after its earnings report accounting for more than 100 points of the Dow's increase. The Nasdaq, which lagged all day, eventually moved off its lows and closed in positive territory as well. The New York Stock Exchange notified customers of a problem at 1:40 p.m., saying there was a “critical issue” and it was “experiencing issues publishing and receiving trades and quotes.” Ten minutes later, it sent a new alert saying the system was “processing trades and quotes normally.” ECONOMIC EVENTS: In the U.S., GDP grew 3.5% in the third quarter, topping the consensus forecast for 3.1% growth. Initial jobless claims rose 3K to 287K in the week ended October 25, which was narrowly above the 285K consensus estimate. COMPANY NEWS: Shares of credit card networks Visa (V) and MasterCard (MA) are rising after both companies reported stronger than expected results. Visa, which also authorized a new $5B share repurchase program and was upgraded to Outperform from Market Perform at FBR Capital, advanced $21.99, or 10.24%, to $236.65, while MasterCard gained $7.14, or 9.4%, to $83.13... Apple (AAPL) CEO Tim Cook publicly acknowledged in an essay published by Bloomberg Businessweek that he is gay. Cook noted that he feels "if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy." MAJOR MOVERS: Among the notable gainers was Bristol-Myers (BMY), which advanced $4.82, or 8.9%, to $58.98 after the company announced data for a trial of its Opdivo drug in certain lung cancer patients that a doctor involved in the study called "encouraging." Also higher was Omeros (OMER), which rose $4.99, or 43.09%, to $16.57 after the company announced it has received transitional pass-through status for its lead product, Omidria, from the Center for Medicare & Medicaid Services. Among the noteworthy losers was Glu Mobile (GLUU), which fell 92c, or 20.31%, to $3.61 after the game maker reported Q3 EPS that beat consensus but non-GAAP revenue that missed expectations. Also lower were shares of beauty products provider Avon (AVP), which fell 99c, or 9.03%, to $9.97 after its third quarter report. INDEXES: The Dow rose 221.11, or 1.3%, to 17,195.42, the Nasdaq gained 16.91, or 0.37%, to 4,566.14, and the S&P 500 added 12.35, or 0.62%, to 1,994.65.
15:41 EDTCLXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.73; Chevron (CVX), consensus $2.56; AbbVie (ABBV), consensus 77c; NextEra Energy (NEE), consensus $1.55; Dominion Resources (D), consensus 96c; Aon plc (AON), consensus $1.12; Weyerhaeuser (WY), consensus 30c; Clorox (CLX), consensus $1.03; Rockwell Collins (COL), consensus $1.27; Newell Rubbermaid (NWL), consensus 55c; Pinnacle West (PNW), consensus $2.15; Legg Mason (LM), consensus 0c; TECO Energy (TE), consensus 32c; Oshkosh (OSK), consensus 82c; Hilton Worldwide (HLT), consensus 17c; Genesee & Wyoming (GWR), consensus $1.17; Spirit AeroSystems (SPR), consensus 74c; Madison Square Garden (MSG), consensus 32c; Magellan Midstream (MMP), consensus 66c.
15:28 EDTINTCIntersil sees lower sequential computing revenue as PC builds slow
Shares of Intersil (ISIL), which makes analog integrated circuits for the personal computer market, are lower after the company reported Q3 results that missed analysts' expectations. The company also gave Q4 guidance well below the consensus view for both earnings and revenue. On its earnings conference call last night, the company said it sees slowing sequential demand in part due to lower PC builds. Stocks that are leveraged to the PC sector include Intel (INTC), Texas Instruments (TXN), Advanced Micro Devices (AMD) and Microsoft (MSFT). In late day trading, shares of Intersil fell $1.81, or 12.9%, to $12.27.
13:49 EDTV, MAVisa, MasterCard have room to rise, Barron's says
Visa (V) and MasterCard (MA) both reported better than expected results and moved sharply higher on the session. Despite the advance, they still have room to run higher as both companies are actively repurchasing shares, growing rapidly, and maintain a virtual duopoly in the credit card market, Barron's reports. Reference Link
13:34 EDTYHOOYahoo hires Amazon sales executive as Senior Vice President, Sales, Americas
Subscribe for More Information
12:59 EDTV, MAOn The Fly: Midday Wrap
Subscribe for More Information
12:03 EDTYHOOStocks with call strike movement; NEM YHOO
Subscribe for More Information
12:03 EDTMA, VChina signals easier restrictions on foreign credit cards, WSJ says
Subscribe for More Information
11:44 EDTV, MAVisa, MasterCard advance after results beat expectations
Subscribe for More Information
10:44 EDTVVisa rallies sharply after results, levels to watch
Subscribe for More Information
10:29 EDTFBFacebook post-earnings weakness continues, levels to watch
Shares are down 2.8% to $73.70, continuing the downtrend in place since earnings. At current price next support is at $72.63 and then at $71.33. Resistance is at $74.18.
10:26 EDTVHigh option volume stocks
Subscribe for More Information
10:02 EDTVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Buy from Hold at Deutsche Bank... Banco Bradesco (BBD) upgraded to Overweight from Neutral at JPMorgan... Cree (CREE) upgraded to Neutral from Underperform at BofA/Merrill... Finish Line (FINL) upgraded to Overweight from Neutral at Piper Jaffray... Grand Canyon (LOPE) upgraded to Overweight from Neutral at Piper Jaffray... Hess Corp. (HES) upgraded to Outperform from Sector Perform at Howard Weil... Ignite Restaurant (IRG) upgraded to Market Perform from Underperform at Raymond James... Lowe's (LOW) upgraded to Buy from Neutral at Goldman... MakeMyTrip (MMYT) upgraded to Buy from Hold at Deutsche Bank... MicroStrategy (MSTR) upgraded to Overweight from Equal Weight at First Analysis... Moelis (MC) upgraded to Positive from Neutral at Susquehanna... PG&E (PCG) upgraded to Neutral from Sell at Goldman... RF Micro Devices (RFMD) upgraded to Buy at Canaccord... Ruckus Wireless (RKUS) upgraded to Equal Weight from Underweight at Morgan Stanley... STMicroelectronics (STM) upgraded to Neutral from Sell at UBS... Sealed Air (SEE) upgraded to Market Perform from Underperform at Wells Fargo... Software AG (STWRY) upgraded to Neutral from Underweight at JPMorgan... Southwest (LUV) upgraded to Neutral from Underweight at JPMorgan... Sprint (S) upgraded to Neutral from Underperform at Credit Suisse... SunPower (SPWR) upgraded to Buy from Hold at Canaccord... Take-Two (TTWO) upgraded to Buy from Hold at Brean Capital... TriQuint (TQNT) upgraded to Buy at Canaccord... Visa (V) upgraded to Outperform from Market Perform at FBR Capital... Whiting Petroleum (WLL) upgraded to Overweight from Equal Weight at Stephens.
09:34 EDTMAMasterCard CEO says first few weeks of Apple Pay 'very encouraging'
Subscribe for More Information
09:30 EDTMAMasterCard still sees net revenue CAGR 11%-14% in FY13-FY15
Subscribe for More Information
09:28 EDTMAMasterCard says most business drivers up in October versus Q3
Subscribe for More Information
09:27 EDTMAMasterCard says FY14 net revenue growth view now 'slightly better' than prior
Subscribe for More Information
09:21 EDTFBInstagram website, mobile app experienced outages this morning, BI says
Subscribe for More Information
09:19 EDTMAMasterCard CEO says mobile strategy is to work with 'all players'
MasterCard (MA) CEO Ajaypal Banga says that while the company has worked closely with Apple (AAPL) on Apple Pay, which has garnered significant attention, that the company's strategy for mobile payments will be to work with "all players" to make it as easy as possible for all MasterCard customers.
09:14 EDTMAMasterCard CEO says nothing new to report on European legislation
Subscribe for More Information
09:14 EDTMA, VOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
08:50 EDTVVisa shares should be bought, says Pacific Crest
Subscribe for More Information
08:41 EDTVVisa Q4 results broadly encouraging, says Stifel
Subscribe for More Information
08:03 EDTMAMasterCard reports Q3 EPS 87c, consensus 78c
Subscribe for More Information
08:02 EDTVVisa guidance allays concerns, says Oppenheimer
Subscribe for More Information
07:29 EDTVeBay to integrate QIWI Wallet in Russia
Subscribe for More Information
06:47 EDTMA, VVisa projects mobile payments will boost growth, Reuters says
Subscribe for More Information
06:31 EDTFBFacebook files to sell 162.7M shares for WhatsApp stockholders
06:23 EDTKOCCA announces agreement with Coca-Cola to accelerate Indonesia growth
Coca-Cola Amatil (CCLAY) announces the execution of a Heads of Agreement with Coca-Cola (KO) to accelerate CCA Indonesia's growth strategy. Under the terms of the agreement, Coca-Cola Company invest $500M into CCAI, a subsidiary of CCA, in return for an ordinary equity ownership interest of 29.4%.1 The investment will support the accelerated expansion of CCAI’s production, warehousing and cold drink infrastructure to ensure long-term growth and success in this market. This investment will enable the business to broaden its product offering, develop new consumption occasions and offer a greater range of affordable packages. CCAI will also transform its route-to-market model to increase availability to the traditional trade and broaden its customer base. The transaction closely aligns the interests of CCA and TCCC via joint ownership and establishes a governance structure that facilitates the execution of an agreed plan which seeks to ensure the long-term growth and success of CCAI with agreed system economics. Under the agreement, CCA will retain management and operational control of CCAI. The proposed new board of commissioners of CCAI will comprise three CCA nominees, including the Chairman, and two nominees of Coca-Cola. Certain reserve matters will be subject to unanimous approval of the board. The agreement is conditional on CCA shareholder approval, Coca-Cola board of directors’ approval and the satisfaction of relevant Indonesian regulatory requirements. An Extraordinary General Meeting of CCA shareholders will be called for in February 2015.
06:06 EDTVVisa upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Visa to Outperform with a $260 price target citing continued business model strength follow the company's Q4 results.
October 29, 2014
18:59 EDTMA, VOn The Fly: After Hours Movers
Subscribe for More Information
17:05 EDTIBM, FBOn The Fly: Closing Wrap
Subscribe for More Information
16:11 EDTFBFacebook files automatic mixed securities shelf
16:11 EDTVVisa up over 3% following Q4 results, guidance
Subscribe for More Information
16:11 EDTVVisa sees FY15 annual diluted class A common stock EPS growth in mid-teens
FY15 EPS consensus $10.36.
16:10 EDTVVisa sees FY15 annual net revenue growth low double digits, consensus $13.96B
Guidance in constant dollars. Sees FY15: annual operating margin in mid-60's, tax rate in low 30's, annual free cash flow greater than $6B.
16:07 EDTVVisa says Q4 payments volume growth was 12% over the prior year
Payments volume growth, on a constant dollar basis, for the three months ended June 30, on which fiscal fourth quarter service revenue is recognized, was 12% over the prior year at $1.2T. Payments volume growth, on a constant dollar basis, for the three months ended September 30, was 11% over the prior year at $1.2T. Cross-border volume growth, on a constant dollar basis, was 10% for the three months ended September 30, 2014. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended September 30, 2014, were 16.9B, a 9% increase over the prior year.
16:06 EDTVVisa authorizes new $5B share repurchase program
Subscribe for More Information
16:05 EDTVVisa reports Q4 adjusted EPS $2.18, consensus $2.10
Subscribe for More Information
16:02 EDTFBOptions Update; October 29, 2014
Subscribe for More Information
15:53 EDTVNotable companies reporting after market close
Subscribe for More Information
15:41 EDTMANotable companies reporting before tomorrow's open
Subscribe for More Information
13:04 EDTMAEarnings Preview: MasterCard to report after mixed competitor results
MasterCard (MA) is scheduled to report third quarter earnings before the market opens on October 30, with a conference call scheduled for 9:00 AM ET. MasterCard is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of 78c on revenue of $2.45B, according to First Call. The consensus range for EPS is 76c-81c on revenue of $2.41B-$2.49B. LAST QUARTER: MasterCard reported higher than expected second quarter profit and revenue, and said that its processed transactions jumped 12% in Q2. However, on September 17 the company estimated that its fiscal 2014 revenue growth would be at the lower end of its 2013-2015 compound annual growth rate target of 11%-14%. COMPETITORS’ RESULTS: American Express (AXP) reported higher than expected profits but roughly in-line revenue on October 15, while Capital One’s (COF) profits came in below expectations and its revenue was slightly higher than expected. A number of large banks, including JPMorgan (JPM) and Citigroup (C), said that they had seen the credit trends of customers improve last quarter. STREET RESEARCH: Barron's recently sounded a positive note on MasterCard, saying that the stock "looks reasonable" and could gain 15% in 2015, as its earnings look set to increase 15% over the next year. Also upbeat was Piper Jaffray, which predicted on October 13 that MasterCard's Q3 results would "show solid momentum," as a result of stronger U.S. consumer spending and solid cross-border volume growth. The firm did, however, slightly lower its 2015 estimates for the company, citing foreign exchange and macro headwinds.The firm remained upbeat on the company's longer term outlook, as it believes that the proliferation of mobile payments and mobile devices is accelerating the shift to electronic transactions from cash and checks. Piper trimmed its price target on the name to $88 from $91 but kept an Overweight rating on the shares. PRICE ACTION: MasterCard is up 6% in the last six months, but it's up just 4% over the last year.
12:58 EDTFB, IBMOn The Fly: Midday Wrap
Subscribe for More Information
12:58 EDTVEarnings Preview: Analysts cautious on Visa into Q4 results
Subscribe for More Information
12:20 EDTFBStocks with call strike movement; FB EA
Subscribe for More Information
12:01 EDTIBMIBM announces global partnership with Twitter
Subscribe for More Information
11:54 EDTIBMIBM, Twitter announce data analytics partnership
Twitter (TWTR) announced a new relationship with IBM (IBM). This alliance will let enterprises incorporate Twitter data into their decision-making through an established set of IBM tools, solutions and consulting services, the social media company said in a blog post. The relationship will enable IBM solutions – like the Watson – to access Twitter data as an input for multi-variable, pattern-dependent questions, the post stated. Reference Link
11:09 EDTFBFacebook sinks after unveiling 2015 spending plans
Shares of Facebook (FB) are retreating after the company announced stronger than expected results but said its expenses would jump 50%-70% in 2015 compared to this year. A number of analysts remained upbeat on the company's outlook following its results and guidance. WHAT'S NEW: Facebook's third quarter earnings per share came in at 43c, above the consensus estimate of 40c. The company's revenue came in slightly above expectations. The social networking giant said that its monthly active users had risen 14% in Q3 versus the same period a year earlier to 1.35B. But the company added that its expenses would surge 50%-70% in fiscal 2015, compared with fiscal 2014. Facebook reported that it plans to invest in various new technologies, including artificial intelligence and virtual reality. ANALYST REACTION: In a note to investors, Cantor Fitzgerald analyst Youssef Squali wrote that the stock and the company's margins would likely be pressured in the near-term by its spending plans. But Facebook's outlook is still strong and its valuation is compelling, the analyst stated. Moreover, Facebook's margins should remain healthy, and its results were "excellent," he wrote. Squali cut his price target on the name to $80 from $82, but kept a Buy rating on the shares. Meanwhile, Goldman Sachs analyst Heather Bellini wrote that Facebook's spending next year is likely to come in below its guidance, as in the past, while the company's ad platform continues to have strong momentum. Facebook's ability to attract users across multiple devices and platforms is unparalleled and should enable the company to attract more ad dollars, the analyst wrote. She believes that the weakness in the stock today has created a buying opportunity. PRICE ACTION: In late morning trading, Facebook fell 6% to $76.
10:17 EDTKOGreen Mountain Coffee calls active
Subscribe for More Information
09:42 EDTFB, KOActive equity options trading
Subscribe for More Information
09:23 EDTFBFacebook should be bought on weakness, says RBC Capital
Subscribe for More Information
09:19 EDTFBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
08:23 EDTYHOOYahoo coverage resumed with an Outperform at Raymond James
Target $54.
07:56 EDTFBFacebook shares should be bought on weakness, says Oppenheimer
Subscribe for More Information
07:55 EDTFBFacebook price target raised to $88 from $84 at Canaccord
Subscribe for More Information
07:38 EDTFBFacebook weakness an excellent buying opportunity, says Goldman
Subscribe for More Information
07:36 EDTFBFacebook reports WhatsApp net loss ($232M) in 1H
Subscribe for More Information
07:29 EDTFBFacebook price target lowered to $85 from $90 at JPMorgan
Subscribe for More Information
07:17 EDTIBMAmazon hires CIOs to pitch AWS to customers, WSJ reports
As it continues to face increasing competition from IBM (IBM), EMC (EMC) and Microsoft (MSFT), Amazon (AMZN) is hiring chief information officers to pitch its AWS business to customers, according to the Wall Street Journal. Amazon recently hired former Dow Jones CIO Stephen Orban to become head of enterprise strategy at Amazon Web Services, while Douglas Menefee, CIO of Schumacher Group from 2005 to 2013, joined AWS as an enterprise CIO advisor earlier this year. Reference Link
06:49 EDTFBFacebook to be well-positioned over long-term, says Cantor
After Facebook unexpectedly said that it would make aggressive investments next year, Cantor thinks the investments position the company to improve ihe engagement and monetization of its major websites over the long-term. The firm says the decision will pressure the stock and margins over the short-term, but it expects the company's margins to remain healthy and finds the stock's valuation compelling. It keeps a Buy rating.
06:31 EDTFBFacebook 10% sell-off 'seems appropriate,' says Deutsche Bank
Deutsche Bank says the 10% pullback in shares of Facebook following the company's Q3 results "seems appropriate" given reduced earnings expectations for all high multiple internet companies in the quarter and the upcoming 180M shares available for sale from the WhatsApp deal. Deutsche recommends adding to positions on weakness over the next several days as it continues to view Facebook as one of the best names in the space. It has a Buy rating on the stock with a $90 price target.
06:26 EDTINTCMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
06:23 EDTFBFacebook thesis intact despite expense guidance, says Piper Jaffray
Piper Jaffray attributes the post-earnings sell-off in shares of Facebook to the company's unexpected guidance for Q4 revenue and 2015 expenses. Piper still sees multiple catalysts for Facebook including video, Audience Network, WhatsApp, Atlas, and Instagram. It keeps an Overweight rating on the stock with an $82 price target saying its thesis remains intact.
06:12 EDTYHOOYahoo resumed with a Buy, $63 price target at Citigroup
Subscribe for More Information
October 28, 2014
18:42 EDTFBOn The Fly: After Hours Movers
Subscribe for More Information
18:02 EDTFBSocial media stocks lower after Facebook reports Q3 results
Subscribe for More Information
18:01 EDTFBFacebook says 'pretty far from being fully deployed' on ad strategy
Says video, news, and celebrity content are priorities. Sees more apps for sharing going forward. Says using FB to cross-promote Instagram. Says relationship with China is "very long-term."
17:39 EDTFBTwitter down over 1% to $43.20 in after hours after Facebook's Q3 results
17:34 EDTFBFacebook down nearly 8% following Q4, FY14, FY15 guidance
Subscribe for More Information
17:31 EDTFBFacebook sees Q4 tax rate 45%-50%
Says Q4 will be more difficult to compare.
17:29 EDTFBFacebook sees FY14 non-GAAP expenses up 30%-35% YoY
Subscribe for More Information
17:26 EDTFBFacebook sees Q4 revenue growth 40%-47% YoY, consensus $3.74B
Guidance from company's Q3 earnings conference call.
16:05 EDTFBFacebook shares down 42c to $80.35 following Q3 results
Subscribe for More Information
16:05 EDTFBFacebook says Q3 Mobile advertising revenue 66% of ad revenue
Subscribe for More Information
16:03 EDTFBFacebook reports Q3 monthly active users up 14% to 1.35B
Subscribe for More Information
16:02 EDTFBFacebook reports Q3 EPS 43c, consensus 40c
Reports Q3 revenue $3.2B, consensus $3.12B.
16:00 EDTFBOptions Update; October 28, 2014
Subscribe for More Information
15:21 EDTMAMasterCard October weekly volatility elevated into Q3 and outlook
Subscribe for More Information
14:34 EDTYHOOcomScore reported strong Q3 results, says Cantor
After comScore (SCOR) reported higher than expected Q3 revenue and EBITDA, Cantor thinks the company has a number of positive catalysts, including high renewal rates, new product sales, and vCE's ongoing integration into Google (GOOg) and Yahoo (YHOO). The firm expects comScore to grow at a mid-teen percentage clip in 2015 and beyond, and it keeps a Buy rating on the shares.
14:03 EDTTAT&T releases statement on FTC allegations
Subscribe for More Information
13:51 EDTFBEarnings Preview: Analysts positive on Facebook ahead of Q3 earnings
Facebook (FB) is expected to report third quarter earnings after the market close on Tuesday, October 28 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users. EXPECTATIONS: Analysts are looking for earnings per share of 40c on revenue of $3.12B. The consensus range is 34c-47c for EPS, and $2.94B-$3.23B for revenue, according to First Call. LAST QUARTER: Facebook reported second quarter EPS of 42c against estimates of 34c, on revenue of $2.9B against estimates of $2.81B. The company reported daily active users of 829M on average for June, with mobile daily active users up 31% to 654M in March. Facebook said mobile ad revenue represented 62% of ad revenue and the company now has 1.5M active advertisers. Facebook said its Q2 price per ad was up 123% and it will focus on quality in roll-out of video ads. At the Q2 earnings conference call, Facebook said its push into commerce and payments is supplemental to advertising. NEWS: Facebook closed on its previously announced acquisition of WhatsApp for $22B, up $3B from its $19B price point due to the increased value in Facebook's stock over the past few months. CEO Mark Zuckerberg said he expects WhatsApp to reach 3B users, although the company does not have any imminent targets to gross any monetary funds from the platform. In the past quarter, Facebook also acquired security start-up PrivateCore and was in talks with major studios for content for Oculus Rift. The company shut down its Gifts business, but launched Atlas ad measuring platform and cross-device reporting for ads. It also announced a new research framework with stricter guidelines with a review panel, a six-week training program, and a research website. STREET RESEARCH: Ahead of Q3 earnings, Deutsche Bank recommended adding to Facebook positions, saying its proprietary checks on the company have been "solid all quarter." Oppenheimer said Facebook will likely beat Q3 expectations based on strong monetization trends. Cowen said Facebook is the premier social advertising platform, believing its numbers will continue to grow, especially on mobile devices. Citigroup said Q3 estimates have potential upside, thinking Facebook is seeing continued positive business momentum. Baird believes Facebook is well positioned to take market share in the display market, which is core to the firm's long-term positive view of the company. Evercore raised Facebook's price target based on the relaunch of the Atlas ad server platform that allows advertisers to better measure ad effectiveness across mobile and desktop in addition to providing new Display buying tools. PRICE ACTION: Facebook shares have gained over 13%, since the first day of trading following the company's Q2 report. In Tuesday afternoon trading ahead of its Q3 report, Facebook shares are up fractionally.
13:49 EDTFBFacebook October weekly 80 straddle priced for 7.2% move into Q3
Subscribe for More Information
13:10 EDTTAT&T sued by FTC for 'misleading' smartphone customers on data speeds
The Federal Trade Commission filed a federal court complaint against AT&T Mobility, LLC, charging that the company has misled millions of its smartphone customers by charging them for “unlimited” data plans while reducing their data speeds, in some cases by nearly 90%. The FTC’s complaint alleges that the company failed to adequately disclose to its customers on unlimited data plans that, if they reach a certain amount of data use in a given billing cycle, AT&T reduces – or “throttles” – their data speeds to the point that many common mobile phone applications – like web browsing, GPS navigation and watching streaming video – become difficult or nearly impossible to use. According to the FTC’s complaint, AT&T’s marketing materials emphasized the “unlimited” amount of data that would be available to consumers who signed up for its unlimited plans. The complaint alleges that, even as unlimited plan consumers renewed their contracts, the company still failed to inform them of the throttling program. When customers canceled their contracts after being throttled, AT&T charged those customers early termination fees, which typically amount to hundreds of dollars. The FTC alleges that AT&T, despite its unequivocal promises of unlimited data, began throttling data speeds in 2011 for its unlimited data plan customers after they used as little as 2 gigabytes of data in a billing period. According to the complaint, the throttling program has been severe, often resulting in speed reductions of 80%-90% for affected users. Thus far, according to the FTC, AT&T has throttled at least 3.5 million unique customers a total of more than 25 million times.
13:08 EDTTFTC sues AT&T for 'deceptive and unfair data throttling'
Subscribe for More Information
12:55 EDTFBFacebook technical notes ahead of results
The shares have been strong outperformers in the last three months, trading up over 7%. Shares are close to the life high at $81.16 with an expectation that the company will deliver a strong report. Without overhead resistance, a report that exceeds already high expectations could push the stock into the $85 to $90 area depending on the degree of surprise. If there is a disappointment the first key level on a test would be at $70.32, a recent low of the trading range for the last three months. Additional support below would be at $67.56. News that fails to push the shares above the old high or below $70 would leave it range-bound in a neutral trend.
12:26 EDTIBMIBM announces $5B share repurchase plan
Subscribe for More Information
12:25 EDTIBMIBM announces $5B share repurchase plan
Subscribe for More Information
12:18 EDTFBTwitter slumps, downgraded after user growth slows
Subscribe for More Information
10:34 EDTTAT&T management to meet with Oppenheimer
Subscribe for More Information
09:51 EDTYHOOOrbitz replaced as Yahoo travel provider by Hipmunk, Skift reports
Subscribe for More Information
09:37 EDTFBActive equity options trading
Subscribe for More Information
09:19 EDTIBMIBM Cloud selected by New Zealand's Finzsoft
Subscribe for More Information
09:17 EDTIBMIBM opens new cloud center in Mumbai, India
IBM expanded its global cloud network with a new cloud center in Mumbai, India and a new suite of cloud services for OpenStack. IBM's global cloud network now includes centers in London, Amsterdam, Beijing, Hong Kong, Singapore, Melbourne, Toronto, Dallas and Raleigh, NC, in addition to the soon to be opened Paris cloud center.
09:15 EDTIBMIBM Cloud selected by Daimler subsidiary
Subscribe for More Information
09:13 EDTIBMIBM Cloud selected by Uruguay's KONA
IBM announced that Uruguay's KONA has deployed a new cloud-based application development service on IBM Cloud with SoftLayer, an IBM company to help it build dynamic mobile applications that link its customers' back end systems of record with mobile systems of engagement.
07:51 EDTVVisa weekly volatility increases into Q4 and outlook
Subscribe for More Information
07:47 EDTYHOOYahoo CEO attempts to poach Amazon's Utzschneider, Re/code reports
Yahoo (YHOO) CEO Marissa Mayer has been aggressively seeking some high-level help aid her turnaround, Re/code reports. According to sources, Mayer including has been attempting to poach Lisa Utzschneider, Amazon’s (AMZN) head of global advertising sales. Other sources say Utzschneider is likely to make the switch to Yahoo, and an announcement could be made this week. Reference Link
07:22 EDTIBM, FBIRI Worldwide to hold a conference
Subscribe for More Information
07:19 EDTFBFacebook October weekly volatility increases into Q3 and outlook
Subscribe for More Information
October 27, 2014
18:38 EDTKMBS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
Subscribe for More Information
17:24 EDTKOCoca-Cola looks unappealing, Barron's says
Coca-Cola shares might look tempting after the recent selloff, but the company's outlook and the trend of unpopularity in sugary drinks "makes the stock unappealing," Barron's argues in its 'Barron's Take' column. Reference Link
16:00 EDTFBOptions Update; October 27, 2014
iPath S&P 500 VIX Short-Term Futures down 52c to 32.66. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
12:41 EDTINTCMicrosoft developing software to run on ARM based servers, Bloomberg reports
Subscribe for More Information
11:46 EDTFBStocks with call strike movement; NBR FB
Subscribe for More Information
10:32 EDTMA, VVeriFone rises after Barron's says Apple Pay positive for company
Subscribe for More Information
10:00 EDTFBOn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:00 EDTKOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
09:37 EDTFBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
09:14 EDTFBFacebook initiated with a Buy at Monness Crespi
Target $95.
07:56 EDTKOCoca-Cola downgraded to Neutral from Buy at Buckingham
Subscribe for More Information
07:50 EDTFBFacebook the premier social advertising platform, says Cowen
Cowen previewed Q3 earnings for Facebook and said they see it as the premier social advertising platform. The firm said Facebook's numbers continue to grow, especially on mobile devices, and they expect further monetization levers there and in other ad formats. Cowen said Facebook is one of their top picks in their universe and reiterates its Outperform rating and $90 price target on the shares.
07:38 EDTINTCCyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:32 EDTKOCoca-Cola Bottling closes transaction to expand franchise territory
Coca-Cola Bottling Co. Consolidated (COKE) announced it has closed its previously disclosed agreement with The Coca-Cola Company (KO) to expand the bottler’s franchise territory to include Knoxville, TN. This closing represents the second phase of the proposed franchise territory expansion described in the previously-announced Letter of Intent between the company and The Coca-Cola Company. The company recently signed a definitive agreement with The Coca-Cola Company to exchange the bottler’s franchise territory in Jackson, TN for territory currently served by Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of The Coca-Cola Company, in Lexington, KY. The company is continuing to work towards a definitive agreement with The Coca-Cola Company for the remainder of the proposed franchise territory expansion described in the previously-announced Letter of Intent, including Cleveland and Cookeville, TN and Louisville, Paducah and Pikeville, KY and Evansville, IN.
07:21 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
Facebook October weekly volatility elevated into Q3 and revenue outlook Facebook October weekly 31 call option implied volatility is at 75, November is at 44, December is at 37, March is at 34; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 28. :theflyonthewall.com
07:20 EDTKOCoca-Cola management to meet with UBS
Meeting to be held in Boston on October 27 hosted by UBS.
06:20 EDTTAT&T to lock Apple's SIM cards to its network on new iPads, WSJ reports
Subscribe for More Information
06:20 EDTINTCIntel to release Haswell-EX/EP4S in Q2, DigiTimes reports
Subscribe for More Information
06:12 EDTINTCIntel to see strong shipment growth for Education Tablets, DigiTimes reports
Subscribe for More Information
October 26, 2014
13:42 EDTIBMIBM shares look like 'dead money for now', Barron's says
Subscribe for More Information
13:31 EDTKOCoca-Cola looks likely to underperform, Barron's says
Subscribe for More Information
13:28 EDTV, MAApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
13:23 EDTMA, VMasterCard looks reasonable, Barron's says
Subscribe for More Information
October 24, 2014
16:54 EDTIBM, YHOO, TMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:02 EDTFBOptions Update; October 24, 2014
Subscribe for More Information
12:38 EDTTFCC delays incentive auction until early 2016
Subscribe for More Information
11:55 EDTYHOOStocks with call strike movement; YHOO GILD
Subscribe for More Information
11:19 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
Subscribe for More Information
10:27 EDTTAT&T completes sale of Connecticut wireline operations to Frontier Communications
Subscribe for More Information
October 23, 2014
16:49 EDTTOn The Fly: Closing Wrap
Subscribe for More Information
16:00 EDTFBOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
13:27 EDTFBFacebook launches Rooms app
Facebook earlier today announced that it would launch an app that will enable users to create chat rooms based on different topics. Reference Link
12:20 EDTTOn The Fly: Midday Wrap
Subscribe for More Information
11:38 EDTFBStocks with call strike movement; FB VALE
Facebook (FB) March 90 call option implied volatility decreased 3% to 35, Vale (VALE) March 12 call option implied volatility decreased 3% to 33 according to IVolatility.
10:01 EDTKOCoca-Cola says Chief Marketing and Commercial Officer Joe Tripodi to retire
Subscribe for More Information
09:50 EDTTAT&T falls after results, guidance, levels to watch
Subscribe for More Information
09:32 EDTTAT&T downgraded to Neutral from Buy at Hilliard Lyons
Subscribe for More Information
08:53 EDTJAHJarden expects margin improvement in Q4
Subscribe for More Information
08:52 EDTJAHJarden backs FY14 EPS guidance of 'in-line with street estimates'
The company sees foreign exchange rate, excluding Venezuela, impacting FY14 revenue by $60M-$90M. The company expects to generate $650M in cash flow from operations in FY14. Management stated that the company is mindful of movements in the Euro. Currency was a mild headwind in FY14 and could have a significant impact on FY15. Comments provided during Q3 earnings conference call.
08:17 EDTIBMIDC says IBM should look at Symantec info-management unit, Bloomberg reports
Analysts have said acquisitions would be a better use of IBM's (IBM) cash than share repurchases and IDC Corp. pointed to Symantec’s (SYMC) information-management division and cloud-storage provider Box as two logical options, reported Bloomberg's "Real M&A" column. Reference Link
07:46 EDTJAHJarden anounces 3-for-2 stock split
Subscribe for More Information
07:37 EDTKOCoca-Cola shares 'substantially de-risked, 'says RBC Capital
Subscribe for More Information
07:23 EDTJAHJarden reports Q3 adjusted EPS $1.17, consensus $1.16
Subscribe for More Information
07:15 EDTIBMIBM CEO: Improving margins 'more important' than sales growth, Bloomberg says
IBM CEO Ginni Rometty told the Boston College CEOs Club of Boston that boosting margins is more important than sales growth, Bloomberg reports. Reference Link
06:00 EDTYHOOYahoo implied volatility of 34 at lower end of index mean range
Subscribe for More Information
05:54 EDTTStocks with implied volatility movement; T XOP
Subscribe for More Information
October 22, 2014
18:34 EDTTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:44 EDTTAT&T reports Q3 free cash flow $3.5B
Subscribe for More Information
16:42 EDTTAT&T reports Q3 net increase in total wireless subscribers of 2M
Subscribe for More Information
16:38 EDTTAT&T reports Q3 solid wireline consumer revenue growth 3% vs. year ago period
Reports Q3: Total U-verse revenues, including business, up 23.8% year over year; U-verse now a $15B annualized revenue stream. 601,000 U-verse high speed Internet subscriber net adds, including 44,000 business customers; more than 12M total U-verse high speed Internet subscribers. 216,000 U-verse TV subscribers added; more than 6M total U-verse video subscribers. Strategic business services revenue growth of 14.3% year over year, to reach an annualized revenue stream of almost $10B.
16:33 EDTYHOOOn The Fly: Closing Wrap
Subscribe for More Information
16:32 EDTVVisa increases dividend 20% to 48c from 40c
Visa announced that its board of directors had declared a quarterly dividend in the aggregate amount of 48c per share of class A common stock, determined in the case of class B and class C common stock on an as-converted basis, payable on December 2 to all holders of record of the company's class A, class B and class C common stock as of November 14. The quarterly dividend increase raises the annual dividend rate from $1.60 per share to $1.92 per share.
16:08 EDTTAT&T down over 3% following Q3 results, guidance
16:06 EDTTAT&T lowers FY14 revenue growth view to 3%-4% from 5% range, consensus $133.08B
Subscribe for More Information
16:04 EDTTAT&T reports Q3 cash from operations $8.7B
16:04 EDTTAT&T reports Q3 postpaid net adds 785,000
Reports Q3: Postpaid net adds of 785,000, more than double the year-ago quarter; more than 2.4M postpaid net adds year to date. Best-ever third-quarter postpaid churn of 0.99%. Wireless revenues up 4.9% versus the year-ago quarter. Wireless data billings up nearly 24% versus the year-earlier quarter. Wireless operating income margin of 24.6%, with adjusted EBITDA service margin of 43.1%. Nearly 1.2M new postpaid smartphones added; smartphones accounted for 91% of postpaid phone sales. Nearly 47M connections on AT&T Mobile Share which represented about 62% of postpaid subscribers; more than half of Mobile Share accounts are on data plans of 10 gigabytes or higher. Best-ever third-quarter 6.8M postpaid smartphone gross adds and upgrades; 3.4M of all smartphone gross adds and upgrades on AT&T Next with no device subsidy.
16:01 EDTTAT&T reports Q3 adjusted EPS 63c, consensus 64c
Reports Q3 revenue $33B, consensus $33.24B.
16:00 EDTFB, YHOOOptions Update; October 23, 2014
Subscribe for More Information
15:30 EDTTNotable companies reporting after market close
Subscribe for More Information
13:42 EDTFBFacebook October weekly volatility elevated into Q3 and revenue outlook
Subscribe for More Information
13:18 EDTYHOOYahoo earnings beat, Alibaba stake sale details send shares higher
Shares of Yahoo (YHOO) are climbing after the company's third quarter earnings and revenue topped estimates. Additionally, Yahoo CEO Marissa Mayer said that it had obtained net proceeds of $6B from its sale of shares in Alibaba (BABA) during the latter company's IPO. The country's top tax experts are "working intensively" to reduce Yahoo's tax liability on its sale of the Alibaba stake, said Mayer, adding that Yahoo will provide more information about its strategy for accomplishing that goal in January. WHAT'S NEW: Last night, Yahoo reported Q3 earnings per share of 52c, topping the consensus forecast of 30c, and revenue excluding Traffic Acquisition Costs of $1.09B, which also beat consensus. Yahoo's after-tax windfall from the sale of its Alibaba stake during the Chinese company's IPO totaled about $6B, Mayer said on the company's earnings conference call last night. Yahoo intends to return at least 50% of that total, or about $3B, to shareholders, the CEO noted. Last quarter, Yahoo intensified its share repurchases as part of that commitment, she added. Yahoo still holds 384M shares of Alibaba, worth $34B before taxes, Mayer pointed out. The Internet company has hired top tax experts who are "working intensively" in an effort to reduce the company's tax liability on the sale of these shares, the CEO stated. Yahoo will provide more information to investors about this issue in January, Mayer indicated. ANALYST REACTION: In a note to investors today, FBR Capital analyst William Bird upgraded Yahoo to Outperform from Market Perform. Yahoo appears to be working on shielding its Asian assets from taxes and the company's tax saving initiatives could be worth $13 per share, Bird stated. The company's decision to share information about these initiatives sooner than expected is also positive for the stock, he contended. Bird raised his price target on the stock to $50 from $40. PRICE ACTION: In early afternoon trading, Yahoo climbed over 5% to $42.30.
12:09 EDTYHOOOn The Fly: Midday Wrap
Subscribe for More Information
11:55 EDTYHOOStocks with call strike movement; YHOO CELG
Yahoo (YHOO) January 48 call option implied volatility decreased 6% to 32, Celgene (CELG) April 110 call option implied volatility increased 2% to 32 according to IVolatility.
11:12 EDTTFCC stops 'informal clock' for review of AT&T, Comcast proposed deals
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
11:06 EDTIBMRumor: IBM moves up amid speculation Buffet has increased his position
Subscribe for More Information
10:44 EDTKOAnalysts divided on Coca-Cola after revenue miss, profit warning
Subscribe for More Information
10:09 EDTKOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:09 EDTYHOOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
09:38 EDTYHOO, FBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:38 EDTKOCoca-Cola downgraded to Hold from Buy at Gabelli
Subscribe for More Information
09:31 EDTKMB, KMBKimberly Clark upgraded to Outperform from Underperform at CLSA
CLSA upgraded Kimberly Clark to Outperform and raised its price target to $125 following the Q3 earnings beat.
09:21 EDTYHOOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
09:07 EDTIBMIBM and Microsoft partner for hybrid cloud services
IBM (IBM) and Microsoft (MSFT) are working to provide their respective enterprise software on Microsoft Azure and IBM Cloud. IBM and Microsoft will make key IBM middleware such as WebSphere Liberty, MQ, and DB2 available on Microsoft Azure. Windows Server and SQL Server will be offered on IBM Cloud. IBM and Microsoft are working together to deliver a Microsoft .NET runtime for IBM's Bluemix cloud development platform. The companies will enable customers to bring their own software licenses to the IBM and Microsoft clouds.
08:18 EDTINTCVCE to become an EMC company
Subscribe for More Information
07:53 EDTKOPressure on PepsiCo CEO may be lessened by Coca-Cola struggles, NY Post says
The position that PepsiCo (PEP) CEO Indra Nooyi supports of maintaining the tie-up of the company's snacks and beverages businesses was strengthened after rival Coca-Cola (KO) reported disappointing sales and lowered its outlook, which a "close industry observer" told The New York Post should take some of the Peltz pressure off Nooyi. Reference Link
07:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
Subscribe for More Information
07:36 EDTYHOOYahoo shares offer compelling trading opportunity, says Bernstein
After Yahoo (YHOO) expressed optimism about its ability to find tax efficient ways to transfer the value of Alibaba's (BABA) stake to its shareholders, Bernstein says that Yahoo's stock price implies that the company will pay full tax on the sale of its Alibaba stake. The firm sees limited downside and 30% potential upside in Yahoo's stock over the near-term. However, it keeps a Market Perform rating on the shares.
07:32 EDTKOCoca-Cola downgraded to Sell with $37.50 target at Societe Generale
Societe Generale downgraded Coca-Cola to Sell from Hold and lowered its price target for shares to $37.50. Following the company's Q3 results, the firm expects 0% revenue growth in 2015, which it notes would be the second consecutive year of no earnings growth.
07:23 EDTKOCoca-Cola a buying opportunity for patient investors, says Bernstein
Subscribe for More Information
07:09 EDTYHOOYahoo turnaround still in early stages, says JMP Securities
Subscribe for More Information
06:54 EDTKMBProtection equipment makers see sales rise amid Ebola situation, NY Times says
Subscribe for More Information
06:44 EDTINTCIntel may face challenges over CPU product line in 2Q15, DigiTimes reports
Subscribe for More Information
06:26 EDTINTCIntel Capital announces investments from China Smart Device Innovation Fund
Subscribe for More Information
06:20 EDTYHOOYahoo upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Yahoo to Outperform following the company's Q3 results and raised its price target for shares to $50. FBR believes Yahoo's attempts to create a tax shield for its Asian assets could add $13 per share and that the company's new initiatives in mobile and video are gaining traction. Shares of Yahoo are trading up $1.32 to $41.50 in pre-market trading.
06:19 EDTYHOOYahoo's Tumblr could generate over $100M in revenue in 2015, WSJ reports
Subscribe for More Information
06:09 EDTIBMLufthansa nears agreement with IBM for IT infrastructure division
Subscribe for More Information
05:57 EDTKOCoca-Cola downgraded to Sell from Hold at Societe Generale
Subscribe for More Information
October 21, 2014
18:36 EDTYHOOOn The Fly: After Hours Movers
Subscribe for More Information
17:48 EDTYHOOYahoo, Tumblr monthly active users exceeds 1B, up 6% vs. last year
Subscribe for More Information
16:36 EDTKOOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:23 EDTYHOOYahoo jumps 3% to $41.35 after Q3 beats expectations
16:13 EDTYHOOYahoo sees Q4 revenue ex-TAC $1.14B-$1.18B , consensus $1.17B
Sees Q4 non-GAAP net income $190M-$230M, consensus 31c. Sees Q4 adjusted EBITDA $340M-$380M. Outlook issued in earnings call presentation slides.
16:12 EDTYHOOYahoo CEO says mobile revenue topped $200M in Q3
Yahoo CEO Marissa Mayer said, "I am also pleased to report today that our revenue in mobile is now material. In Q3, we saw mobile revenues in excess of $200 million on a GAAP basis. Further, we estimate that our gross revenues in mobile will exceed $1.2 billion in revenue this year. We have invested deeply in mobile and we are seeing those investments pay off. Not only are our mobile products attracting praise and engagement from users and industry awards, they are generating meaningful revenue for Yahoo."
16:10 EDTYHOOYahoo expects Q1 taxes of $3.3B for Alibaba sale
Subscribe for More Information
16:09 EDTYHOOYahoo reports Q3 GAAP search revenue up 4% to $452M
Subscribe for More Information
16:07 EDTYHOOYahoo reports Q3 GAAP display revenue down 5% to $447M
Subscribe for More Information
16:06 EDTYHOOYahoo reports Q3 EPS 52c, consensus 30c
Reports Q3 revenue ex-TAC $1.09B, consensus $1.04B.
16:00 EDTKO, FBOptions Update; October 21, 2014
Subscribe for More Information
15:30 EDTYHOONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
13:27 EDTYHOOEarnings Preview: Yahoo expected to unveil turnaround plan with Q3 results
Yahoo (YHOO) is expected to report third quarter earnings after the market close on Tuesday, October 21 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for EPS of 30c on revenue of $1.04B. The consensus range is 18c-38c for EPS, and $1.02B-$1.06B for revenue, according to First Call. LAST QUARTER: Yahoo reported Q2 EPS 37c against estimates of 38c on revenue ex-tac of $1.04B against estimates of $1.08B. It reported Q2 price-per-ad was down 24%, Q2 Display revenue down 7% and Search revenue up 6%. The company gave Q3 revenue ex-tac guidance of $1.02B-$1.06B. After releasing its Q2 results, CEO Marissa Mayer said the company was "not satisfied" with the results, with display remaining an area of investment and transition. NEWS: In the past quarter, Alibaba (BABA) opened to the larges IPO in U.S. history. The Wall Street Journal reported that Yahoo's core business was cut in half to $6.8B after Alibaba's first day of trading. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B.In late September, activist investor Starboard Value urged Yahoo to explore a strategic combination with AOL (AOL), believing a merger could create synergies of up to $1B. CEO Marissa Mayer is expected to unveil her turnaround plan at the earnings call today that could include cost-cutting efforts and its M&A strategy, according to the Wall Street Journal. Yahoo also confirmed that a security breach in Q3 compromised servers, but the hack did not disclose consumer data. The company acquired several companies in past few months, including Flurry, Zofari, ClarityRay, Luminate, and Bookdpad. A WSJ reports also said the company is in talks to invest in Snapchat. STREET RESEARCH: Following the Alibaba IPO, Yahoo was downgraded at Bernstein, BofA/Merrill and RBC Capital because it was unclear whether Yahoo's stock can advance meaningfully and the company was no longer the best way to gain Alibaba exposure. RBC Capital said the risk/reward is less attractive, and it does not see a turnaround in Yahoo's core fundamentals. BGC Financial, however, upgraded the company and said the company's remaining assets should get monetized in a more tax efficient manner. PRICE ACTION: Yahoo shares have risen $4.29, or more than 12%, since the first day of trading following the company's Q2 report. In Tuesday midday trading ahead of Q3 report, Yahoo shares are trading up nearly 2%.
13:09 EDTTEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
13:08 EDTYHOOYahoo October weekly 40 straddle priced for 5.5% move into Q3
Subscribe for More Information
13:05 EDTYHOOYahoo technical notes before earnings
Subscribe for More Information
12:57 EDTKOOn The Fly: Midday Wrap
Subscribe for More Information
12:50 EDTYHOOGoing private among potential scenarios seen for Yahoo, Re/Code's Swisher says
Sources close to Yahoo CEO Marissa Mayer said she is determined to continue to push through her vision of the company's core business as a video-heavy, mobile-focused content company, according to Re/Code's Kara Swisher, who added that the "most intriguing possibility of all" that she has heard over the last weeks is that Yahoo could seek to dispose of its Asian assets, return a large amount of the proceeds to shareholders and work with a large private equity firm to take the company private. Shares of Yahoo, which reports on its quarterly results after the closing bell, is up 1.8% to $40 per share in afternoon trading. Reference Link
10:52 EDTKMBKimberly Clark says hasn't seen many potential deals of interest
Subscribe for More Information
10:37 EDTKMBKimberly Clark says exiting Venezuela 'not an option' right now
Says Venezuela business is profitable. Sees currency headwind of up to 10c in Q4. Says sees relatively flat U.S. diaper demand.
10:16 EDTIBMIBM continues its post-earnings downside, levels to watch
The stock is down over 3.4% to $163.10 at time of writing. At that price next support is at $161.37 and then at $160.04. Resistance is at $165.21.
10:13 EDTKMBKimberly Clark sees currency headwinds in Q4
Comment made on the Q3 earnings conference call.
10:13 EDTKOCoca-Cola falls after earnings and guidance, levels to watch
Subscribe for More Information
10:09 EDTKMBKimberly Clark sees FY organic sales growth at least at midpiont of 3%-5% range
Subscribe for More Information
10:09 EDTKMBKimberly Clark says closely monitoring environment in Venezuela
Subscribe for More Information
10:06 EDTKOCoca-Cola sees initiatves bringing company back to LT growth goals
Says doesn't see material improvement in unit case volume growth in 2015
10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
09:51 EDTKOCoca-Cola sees 2015 as 'critical' year of transition
Subscribe for More Information
09:15 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
07:50 EDTIBMIBM price target lowered to $125 from $160 at Credit Suisse
Subscribe for More Information
07:46 EDTKOCoca-Cola says revenue growth to be added as metric in incentive plans
Subscribe for More Information
07:45 EDTKOCoca-Cola sees 2015 comp. currency neutral EPS growth similar to 2014
Subscribe for More Information
07:44 EDTKOCoca-Cola expects macro environment to remain challenging through 2015
Subscribe for More Information
07:43 EDTKOCoca-Cola says Q3 North America net revenues decreased 2%
Subscribe for More Information
07:40 EDTKMBKimberly Clark reports Q3 Personal Care sales up 4% to $2.5B
Reports Q3 Consumer Tissue sales up 4% to $1.7B; Reports Q3 K-C Professional sales up 4% to $900M; Reports Q3 Health Care segment down 3% to $400M.
07:40 EDTKOCoca-Cola sees mid single digit headwind on profit before tax in 2015
Subscribe for More Information
07:39 EDTKMBKimberly Clark reports restructuring costs in Western/Central Europe business
In October 2012, Kimberly-Clark initiated strategic changes to its Western and Central European businesses, including the exit of the diaper category, with the exception of the Italian market, divestiture or exit of some lower-margin businesses in certain markets, primarily in the consumer tissue segment, and streamlining of its manufacturing footprint and administrative organization. Related restructuring costs will be incurred through 2014 and are expected to be between $300 and $350 million after tax. Third quarter 2014 restructuring costs were $1 million pre-tax, bringing cumulative costs to $393 million pre-tax.
07:38 EDTKOCoca-Cola expanding productivity initiatives with $3B in ann. savings by 2019
07:38 EDTKMBKimberly Clark initiates restructuring program, cto cut 1,100-1,300 employees
Subscribe for More Information
07:38 EDTKOCoca-Cola says taking actions to reinvigorate growth
The company introduced the following initiatives to reinvigorate growth: Streamlining and simplifying its operating model to speed decision making and enhance local market focus. Expanding its current successful productivity program by targeting annualized savings of $3B per year by 2019. This productivity program will focus on four key areas: Restructuring the company’s global supply chain, including manufacturing in North America; Implementing zero-based budgeting across the organization; Streamlining and simplifying its operating model; and Driving increased discipline and efficiency in direct marketing investments. As a result of these productivity initiatives, the company expects to fund the marketing initiatives and innovation required to deliver sustainable net revenue growth. These savings will also support margin expansion and increased returns on invested capital over time. Refocusing on its core business model of building the world’s greatest beverage brands and leading an unmatched global system of strong local bottling partners. This will include refranchising the majority of company-owned North American bottling territories by the end of 2017 and a substantial portion of the remaining territories no later than 2020. Strategically targeting brand and growth investments that leverage its global strengths. This includes previously announced plans to improve the quantity and quality of marketing, as well as making future investments that will target markets and categories where brands remain underfunded relative to the opportunity. Focusing on driving revenue and profit growth across markets while providing local operations with a clear line of sight and aligned compensation targets. Beginning in 2015, revenue growth will be added as a metric in the company’s incentive plans. The company will adjust the relative importance of volume and price/mix in each market in order to drive the right behavior for each market type.
07:37 EDTKOCoca-Cola maintains long-term high single digit EPS growth target
Subscribe for More Information
07:37 EDTKMBKimberly Clark cuts FY14 adjusted EPS to $5.93-$6.03 from $6.00-$6.15
Subscribe for More Information
07:36 EDTKOCoca-Cola expects to be below long-term EPS growth target for 2014
Subscribe for More Information
07:34 EDTKOCoca-Cola reports comparable Q3 EPS 53c, consensus 53c
Subscribe for More Information
07:34 EDTKMBKimberly Clark reports Q3 adjusted EPS $1.61, consensus $1.54
Subscribe for More Information
06:40 EDTIBMForrester: Adobe becomes marketing cloud leader, VentureBeat reports
Subscribe for More Information
06:38 EDTYHOOYahoo in talks to acquire BrightRoll, TechCrunch reports
TechCrunch has learned that Yahoo is in talks to buy cross-platform digital video advertising service BrightRoll for $700M-$725M. The company is currently facing pressure from Starboard Value to consider a breakup or a sale of the company. Reference Link
06:29 EDTIBMIBM downgraded to Hold from Buy at Evercore
Subscribe for More Information
06:15 EDTINTCIntel may stop providing subsidies for mobile solutions, DigiTimes reports
Intel may stop providing subsidies for mobile device solutions to eliminate loses from the business, reports DigiTimes. According to sources from PC players, however, Intel is likely to continue offering subsidies to some of its larger clients, like Asustek Computer, through different methods in order to maintain orders. Reference Link
06:09 EDTFBTwitter initiated with a Neutral at Citigroup
Subscribe for More Information
06:07 EDTIBMIBM downgraded to Hold from Buy at Evercore
Subscribe for More Information
06:04 EDTFBFacebook sues laywers who represented Ceglia, Re/code reports
Subscribe for More Information
October 20, 2014
16:20 EDTIBMOn The Fly: Closing Wrap
Subscribe for More Information
16:00 EDTKOOptions Update; October 20, 2014
Subscribe for More Information
15:48 EDTKOCoca-Cola October weekly 43 straddle priced for 2.7% move into Q3
Subscribe for More Information
15:48 EDTKMBKimberly Clark technical comments ahead of earnings
Subscribe for More Information
15:36 EDTKMB, KONotable companies reporting before tomorrow's open
Subscribe for More Information
15:06 EDTIBMIBM price target lowered to $198 from $220 at Cantor
Cantor lowered its price target on IBM to $198 from $220 following the company's Q3 results and withdrawal of its FY15 EPS guidance. However, the firm believes the company has been undergoing a transition over the past few quarters and that the Q3 results are a "near-term speed bump" for IBM, on which it keeps a Buy rating.
12:37 EDTIBMOn The Fly: Midday Wrap
Subscribe for More Information
12:09 EDTIBMIBM hits 52 week low after earnings miss, 2015 profit target dropped
Subscribe for More Information
12:03 EDTFBKing Digital launches Candy Crush Soda Saga worldwide on Facebook
Earlier today, King Digital Entertainment (KING) announced that Candy Crush Soda Saga, the sister title to hit game Candy Crush Saga, has launched worldwide on Facebook (FB). Candy Crush Soda Saga is the next iteration in the Candy Crush franchise, set in the world of the Candy Kingdom. Fans of the original hit can now switch and match their way through new dimensions of gameplay with exciting new graphics and features including game modes, candy combinations, gameplay mechanics and more. Candy Crush Soda Saga is set to launch on mobile in the coming weeks.
11:42 EDTFBStocks with call strike movement; FB DAL
Subscribe for More Information
10:25 EDTIBMIBM CEO says company already has been aggressive on changing
Subscribe for More Information
10:09 EDTIBMIBM hits fresh 52-week low after miss, levels to watch
Shares hit a fresh 52-week low earlier in the session at $166.71 but have bounced fractionally since then. That new low is now support. Resistance is at $172.99.
09:52 EDTYHOOArmstrong says AOL will not merge with Yahoo, VentureBeat reports
AOL CEO Tim Armstrong said "no" when asked if his company will merge with Yahoo (YHOO), VentureBeat reports, citing a fireside chat with Armstrong at the TechCrunch Disrupt in Europe. Reference Link
09:22 EDTIBMOn The Fly: Pre-market Movers
Subscribe for More Information
09:13 EDTIBMIBM says acquistions meant to supplement, not transform, Enterprise business
Subscribe for More Information
08:44 EDTIBMIBM CEO says recent Apple, SAP deals represent change in partnering strategy
Subscribe for More Information
08:34 EDTIBMIBM lowers FY14 free cash flow view to $12B-$13B
08:32 EDTIBMIBM sees taking workforce rebalancing charge of up to $600M in Q4
Subscribe for More Information
08:20 EDTIBMIBM says some fundamental industry shifts happening faster than planned
Subscribe for More Information
08:07 EDTKOCoca-Cola Bottling to exchange franchise territory with Coca-Cola
Subscribe for More Information
07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
Subscribe for More Information
07:21 EDTIBMIBM sees $1.5B pretax gain related to deal with Lenovo Group
IBM (IBM) announced that on October 1 the company and Lenovo (LNVGY) completed the initial closing of the sale of IBM’s industry standard server business to Lenovo. The transition began on October 1 in countries that are part of the initial closing, which included most major markets. The transaction is expected to close later this year in most other countries which have a larger business footprint, with the remaining countries following in early 2015. The transaction price is approximately $2.1B and as consideration, IBM received $1.8B in cash, with the remaining consideration paid in Lenovo stock. IBM expects to recognize a total pre-tax gain on the sale of approximately $1.5B, which does not include associated costs related to transition and performance-based costs. Net of these charges, the gain is approximately $1.0B. Almost all of the gains will be booked in the fourth quarter of 2014, with the remaining portion expected beyond 2014, IBM stated.
07:18 EDTIBMIBM sees FY14 operating EPS down (4%)-(2%) from $16.64 in FY13
Subscribe for More Information
07:16 EDTIBMIBM no longer expects 'at least' $20 operating EPS in 2015
FY15 EPS consensus $19.75. Says will provide view of 2015 in January. Comment from slides for Q3 earnings call.
07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
Subscribe for More Information
07:08 EDTIBMIBM sees deal with Globalfoundries closing in 2015
07:08 EDTIBMIBM expects to request additional share repurchase authorization at Oct. meeting
Subscribe for More Information
07:07 EDTIBMIBM reports Q3 Global Services segment revenue down 3% to $13.7B
Revenues from the Software segment were $5.7B. Revenues from continuing operations from the Systems and Technology segment totaled $2.4B. The company’s total gross profit margin from continuing operations was 48.6 percent in the 2014 third-quarter period compared with 49.0 percent in the 2013 third-quarter period. Total operating gross profit margin from continuing operations was 49.2 percent in the 2014 third-quarter compared with 50.1 percent in the 2013 third-quarter period.
07:06 EDTIBMIBM committed to returning value to shareholders through dividends, repurchases
07:05 EDTIBMIBM reports Q3 EPS $3.68, consensus $4.32
Reports Q3 revenue $22.4B, consensus $23.37B. We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry. While we did not produce the results we expected to achieve, we again performed well in our strategic growth areas – cloud, data and analytics, security, social and mobile - where we continue to shift our business. We will accelerate this transformation,” said Ginni Rometty, IBM chairman, president and CEO.
06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
Subscribe for More Information
06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
Subscribe for More Information
06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
Subscribe for More Information
06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
October 19, 2014
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
Subscribe for More Information
17:42 EDTIBMIBM to make 'major business announcement'
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use