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Stock Market & Financial Investment News

News For KMB;JAH;V;CLX;ACTV;IBM;DELL;FB;T;INTC;KO;MA;YHOO From The Last 14 Days
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July 2, 2015
16:04 EDTINTC, T, FBOptions Update; July 2, 2015
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13:09 EDTINTCOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory but have moved into negative ground in early afternoon trading. The nonfarm payrolls report showed that job growth slowed in June and the unemployment rate ticked down as many left the labor force. The news flow is expected to slow with investors preparing for the Independence Day weekend and the trading has been listless as is typical in the trading session prior to a long leave. However, U.S. investors will be returning to big news, either positive or negative, on Monday following the Greek referendum that is scheduled to occur on July 5. ECONOMIC EVENTS: In the U.S., the monthly nonfarm payrolls report showed the addition of 223,000 jobs, versus expectations for 233,000 jobs to have been added last month. The unemployment rate fell to 5.3% from the prior month’s 5.5% rate. Initial jobless claims rose 10,000 to 281,000 in the week ended June 27, versus expectations for 270,000 first-time claims. Factory orders fell 1.0% in May, which was larger than the expected 0.5% decline. In Europe, Greek finance minister Yanis Varoufakis said he would resign from his post if the nation's referendum on bailout terms results in a "Yes" vote. COMPANY NEWS: Shares of BP (BP) trading in New York rose more than 5% after the oil major announced it has reached agreements in principle to settle all U.S. federal and state claims arising from the Deepwater Horizon accident and spill in 2010. BP said it will pay up to $18.7B to settle the claims and that the expected impact of its agreements would be to increase the cumulative pre-tax charge associated with the accident and spill by around $10B from $43.8B at the end of the first quarter... Managed healthcare company Centene (CNC) announced a definitive agreement to acquire managed health care services rival Health Net (HNT) in a cash and stock deal valued at approximately $6.8B, including the assumption of approximately $500M of debt. Under the terms of the deal, Health Net shareholders would receive 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock, which is equal to implied consideration of $78.57 per share based on Centene’s closing stock price on July 1. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which was 1.5% higher in afternoon trading after the company announced this morning that President Renee James informed the board that she will be stepping down to pursue an external CEO role. Also higher was Xoom (XOOM), which gained 22% after eBay's (EBAY) soon-to-be split PayPal (PYPL) unit announced last night that it has agreed to acquire the digital money transfer provider for $25 per share in cash. Among the noteworthy losers was Western Union (WU), which slipped about 6% after Evercore ISI downgraded the stock to Hold and JMP Securities said that PayPal's deal for Xoom will negatively affect Western Union's prices over the longer term. Also lower were shares of Triple-S Management (GTS), which fell xxx% after Wells Fargo downgraded the stock to Underperform, the firm's equivalent to a "sell" rating, saying Puerto Rico's "crumbling" economy puts the company's earnings at risk. INDEXES: Near midday, the Dow was down 54.98, or 0.31%, to 17,702.93, the Nasdaq was down 20.30, or 0.4%, to 4,992.83, and the S&P 500 was down 5.11, or 0.25%, to 2,072.31.
12:16 EDTFBTwitter gets a moderate bump on Re/code story of Facebook interest
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11:51 EDTFBFacebook declines comment on Twitter report, Fox Business reports
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11:06 EDTFBFacebook said to be once again mulling Twitter acquisiton, Re/code says
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10:00 EDTTOn The Fly: Analyst Initiation Summary
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10:00 EDTTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Market Perform at Cowen... Acadia Realty Trust (AKR) upgraded to Buy from Neutral at Citi... Alliance Resource Partners (ARLP) upgraded to Buy from Hold at Deutsche Bank... ArcBest (ARCB) upgraded to Peer Perform from Underperform at Wolfe Research... AstraZeneca (AZN) upgraded to Buy from Hold at Berenberg... ConAgra (CAG) upgraded to Overweight from Equal Weight at Morgan Stanley... DuPont Fabros (DFT) upgraded to Buy from Neutral at Citi... EastGroup Properties (EGP) upgraded to Buy from Neutral at Citi... Galaxy Entertainment (GXYEY) upgraded to Hold from Sell at Deutsche Bank... GrubHub (GRUB) upgraded to Outperform from Sector Perform at RBC Capital... HealthSouth (HLS) upgraded to Outperform from Market Perform at JMP Securities... IGM Financial (IGIFF) upgraded to Sector Performer from Underperformer at CIBC... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... Kimco Realty (KIM) upgraded to Buy from Neutral at Citi... Kosmos (KOS) upgraded to Outperform at BMO Capital... MGM China (MCHVF) upgraded to Hold from Sell at Deutsche Bank... Regal Entertainment (RGC) upgraded to Neutral from Sell at B. Riley... SL Green Realty (SLG) upgraded to Buy from Neutral at Citi... SQM (SQM) upgraded to Buy from Hold at HSBC... Sands China (SCHYY) upgraded to Hold from Sell at Deutsche Bank... Terex (TEX) upgraded to Neutral from Underperform at BofA/Merrill... United Community Banks (UCBI) upgraded to Outperform from Market Perform at Raymond James... Weingarten Realty (WRI) upgraded to Buy from Neutral at Citi... Willis Group (WSH) upgraded to Neutral from Sell at Goldman... Wynn Macau (WYNMF) upgraded to Hold from Sell at Deutsche Bank.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL HP TSLA FB GRPN BP MEP GILD
09:14 EDTYHOOYahoo begins testing search partnership with Google, New York Times reports
Yahoo (YHOO) and Google (GOOG) are exploring a new relationship in which Yahoo would use Google for some regular search results and search ads, reports the New York Times. Yahoo and Google confirmed that Yahoo has begun testing the use of Googl search ads for a small portion of its desktop and mobile web search results. Reference Link
09:03 EDTINTCIntel President Renee James stepping down to pursue external CEO role
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09:01 EDTINTCIntel President Renee James stepping down to pursue external CEO role
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06:52 EDTTAT&T upgraded to Outperform from Market Perform at Cowen
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06:44 EDTFBFacebook holds talks with major labels to 'get into music', The Verge reports
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July 1, 2015
17:18 EDTTAT&T initiated with a Buy at Buckingham
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16:00 EDTFBOptions Update; July 1, 2015
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15:23 EDTTDISH's Ergen awaits AT&T-DirecTV approval before more T-Mobile talks, FBN says
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13:57 EDTTAT&T-DirecTV deal set to be cleared by U.S. antitrust officials, Bloomberg says
AT&T’s (T) proposed $48.5B deal to buy DirecTV (DTV) is slated to be cleared by U.S. antitrust officials without any conditions, Bloomberg reports, citing a personal familiar with the deliberations by the Justice Department. The merger still requires approval from the FCC, which may demand concessions such as following net neutrality rules, the report says. Reference Link
13:23 EDTFBFacebook to offer revenue split for content creators, Re/code says
As it continues competing with Google's (GOOG) YouTube, Facebook (FB) will begin offering video content creators 55% of the revenue from ads played alongside videos, reports Re/code. In an interview, Facebook's VP of partnerships Dan Rose told Re/code that "a lot of [partners] have said this will be a big motivation to start publishing a lot more video content to Facebook." As part of the revenue-sharing move, Facebook will also be testing a "Suggested Videos" feature, a video-only news feed that uses an algorithm to personalize its content for each user. Reference Link
09:33 EDTFBActive equity options trading on open
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08:40 EDTFBBofA/Merrill's Top 10 US Ideas for Q3
BofA/Merrill published its Top 10 U.S. Ideas Quarterly for Q3 that identifies companies it sees having significant catalysts in the next three months. The list includes eight Buys and two Underperforms. The Buys are Applied Materials (AMAT), Boise Cascade (BCC), Burlington Stores (BURL), Comcast (CMCSA), Comerica (CMA), Eli Lilly (LLY), Facebook (FB), and International Game (IGT). The Underperforms are BlackBerry (BBRY) and PBF Energy (PBF).
07:33 EDTTAT&T price target raised to $40 from $36 at Oppenheimer
Following AT&T's acquisition of DirecTV, Oppenheimer expects AT&T to benefit from cross-selling, new services, and higher wireless prices. The firm expects the company's free cash flow to be boosted by its winding down of Project VIP. The firm keeps an Outperform rating on the stock.
07:25 EDTCLX, KMBConsumer goods makers challenged by surging freight costs, WSJ reports
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06:59 EDTFBFacebook price target raised to $100 from $92 at Cantor
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06:03 EDTIBMIBM completes sale of its semiconductor business to Globalfoundries
IBM announced that the acquisition of the company's global commercial semiconductor technology business by Globalfoundries has been completed. With the closing of this transaction, Globalfoundries becomes IBM's exclusive semiconductor processor technology provider for the next 10 years.
05:53 EDTIBMIBM and BOE sign agreement to develop health management platform, DigiTimes says
IBM and BOE have signed an agreement to develop a new health management data platform, reports DigiTimes. The companies will form a team to build health management systems specializing in cognitive computing and other health management areas. Reference Link
June 30, 2015
19:32 EDTMA, VMasterCard stops processing Backspace.com ad purchases, WSJ says
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18:11 EDTTAT&T, DirecTV merger may get U.S. approval next week, Reuters says
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12:32 EDTFBFacebook increases options to video ads payment structure, WSJ says
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11:58 EDTYHOOStocks with call strike movement; GILD YHOO
Gilead (GILD) November 130 call option implied volatility increased 2% to 28, Yahoo (YHOO) October 46 call option implied volatility decreased 2% to 29 according to IVolatility.
11:53 EDTFBFacebook at test of support, levels to watch
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
08:06 EDTTPennsylvania REIT signs AT&T for 1501 Walnut Street
PREIT (PEI) announced the execution of a lease with AT&T (T) Mobility for their recently acquired asset located at 1501 Walnut Street in the heart of Center City Philadelphia. The company acquired the 27,000 square foot property in 2014 with plans to reposition the property.
08:00 EDTTGTT Communications, AT&T sign long-term interconnection agreement
GTT Communications (GTT) and AT&T (T) have signed a long-term, bilateral agreement for their IP networks. As the Internet continues to evolve, collaborations between Internet providers facilitate the dynamic, robust and reliable exchange of Internet traffic. “We are pleased that our agreement with AT&T provides our clients with additional capacity,” said Rick Calder, GTT President and CEO. “We continue to work with AT&T to expand a secure and resilient interconnection environment so our clients can depend on the reliability and performance of GTT’s high-capacity network.”
07:08 EDTFBGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
05:59 EDTIBM, INTCGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
05:58 EDTINTCIntel 28nm SoFIA 4G AP delayed to early 2016, DigiTimes reports
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June 29, 2015
17:25 EDTTAT&T, DirecTV elect to further extend merger termination date
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16:00 EDTFBOptions Update; June 29, 2015
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15:32 EDTTDoubtful that FCC votes on AT&T, DirecTV deal this week, CTFN says
Sources said it is looking "increasingly doubtful" that the FCC will vote this week on the proposed merger between AT&T (T) and DirecTV (DTV), according to CTFinancialNews. Reference Link
11:03 EDTINTCAnalyst says sell Qualcomm ahead of predicted price cuts
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09:35 EDTFBActive equity options trading on open
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07:13 EDTFBGoogle, Facebook competing heavily in video market, NY Post says
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06:08 EDTINTCIntel estimates lowered at Pacific Crest
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06:05 EDTIBMNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 28, 2015
12:47 EDTFBTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 26, 2015
16:16 EDTINTCOn The Fly: Top stock stories for Friday
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16:00 EDTKO, T, FB, INTCOptions Update; June 26, 2015
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14:55 EDTTArista Networks may have won deal with AT&T, says MKM Partners
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13:51 EDTFBFacebook updates iPhone app, making it easier to find, share links
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13:18 EDTTCWA ratifies contract for AT&T wireline workers in Midwest region
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11:09 EDTYHOOYahoo July volatility at low end of 52-week range as shares pullback
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10:00 EDTYHOO, FBOn The Fly: Analyst Initiation Summary
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09:41 EDTINTCIntel falls after weak Micron results and outlook
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09:36 EDTFB, INTCActive equity options trading on open
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09:20 EDTTAT&T appoints Richard Fisher to board of directors
AT&T has appointed Richard W. Fisher to its board of directors. Fisher served as the president and CEO of the Federal Reserve Bank of Dallas from 2005 until March 2015, and as a Deputy U.S. Trade Representative from 1997 to 2001, where he oversaw the implementation of the North American Free Trade Agreement. He will serve on the Corporate Development and Finance Committee of AT&T’s board of directors.
07:14 EDTINTCIntel estimates lowered following Micon report at Jefferies
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06:20 EDTYHOOYahoo overhauls search engine for mobile browsers
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June 25, 2015
19:34 EDTFB, KOAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
17:56 EDTINTCMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
16:53 EDTYHOOYahoo initiated with a Buy at Mizuho
Target $51.
16:51 EDTFBFacebook initiated with a Buy at Mizuho
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16:42 EDTTFCC Chairman outlines changes to future spectrum auctions
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16:00 EDTT, FBOptions Update; June 25, 2015
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14:01 EDTTAT&T to invest approximately $3B in Mexico
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11:38 EDTYHOOStocks with call strike movement; HAL YHOO
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10:00 EDTTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
09:34 EDTINTC, FBActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
07:44 EDTTAT&T upgraded to Buy on DirecTV benefits at BofA/Merrill
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07:39 EDTKOMonster Beverage legacy international sales can at least triple, says Stifel
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07:17 EDTIBM, DELLRed Hat to hold a summit
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06:44 EDTTAT&T upgraded to Buy from Neutral at BofA/Merrill
06:08 EDTYHOO, FBFacebook hires Yahoo's cybersecurity chief Alex Stamos
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June 24, 2015
19:31 EDTFBGoogle exec 'very confident' in YouTube's lead over Facebook video, BI says
In a Business Insider interview at the Cannes Lions advertising festival, Torrence Boone, Google's (GOOG) VP of global agency sales and services, said the company is "very bullish and confident" that Google's YouTube will maintain its lead over Facebook's (FB) efforts in video. Boone explained that the services serve different functions, with YouTube being a more dedicated video platform. Reference Link
19:20 EDTFBFacebook Messenger app to allow signups without Facebook account
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17:57 EDTIBM, INTCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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16:21 EDTIBMOn The Fly: Top stock stories for Wednesday
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16:00 EDTTActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
14:46 EDTFBHBO deal an early sign of Facebook original content plans, says Brean Capital
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14:13 EDTFBApple blocks use of app data to target ads, The Information reports
Apple (AAPL) is "quietly moving" to block companies from accessing data from other, unrelated apps, a practice which was used to target ads, says The Information. The report notes that Facebook (FB) and Twitter (TWTR) often analyze information from other apps on a user's phone in order to better target ads. Reference Link
12:30 EDTIBMOn The Fly: Top stock stories at midday
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12:27 EDTFBHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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12:06 EDTYHOOYahoo CEO says focused on search, communications, digital content
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12:01 EDTYHOOYahoo's Mayer says committed to success of Alibaba stake spin-off
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11:59 EDTYHOOYahoo CEO says 'incredibly pleased' with stock performance under current team
11:57 EDTYHOOYahoo CEO says mobile monthly active users up 20% year over year
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11:48 EDTYHOOYahoo CEO says Katie Couric signed multi-year contract renewal
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11:36 EDTYHOOYahoo CEO says Mozilla search pact a 'profitable' deal
Yahoo CEO Marissa Mayer is speaking during the company's annual meeting of shareholders.
11:20 EDTYHOOYahoo volatility at low end of 52-week range into shareholder meeting
Yahoo June weekly call option implied volatility is at 22, July is at 22, August is at 29, October is at 28; compared to its 52-week range 20 of 59, suggesting decreasing price movement into today’s shareholder meeting.
11:16 EDTFBOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
11:01 EDTINTCHoneywell and Intel to collaborate for Internet of Things security
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09:39 EDTFBCLSA media analysts hold an analyst/industry conference call
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09:35 EDTINTC, FB, TActive equity options trading on open
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09:10 EDTIBMOn The Fly: Pre-market Movers
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07:52 EDTFBFacebook offers South African Cell C users free internet access, Bloomberg says
Facebook will give customers of Cell C access to its free application Internet.org in South Africa, Bloomberg reports, citing an interview with Markku Makelainen, Facebook’s director of global operator partnerships. The service will let Cell C users see Facebook and roughly 30 other websites offering information about healthcare and jobs without being charged for data, the report says. Reference Link
06:00 EDTFBGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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05:10 EDTIBMIBM, Box announce global partnership
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June 23, 2015
19:31 EDTTT-Mobile petitions FCC to deny certain AT&T spectrum licenses
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16:00 EDTT, FBOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
12:54 EDTINTCPC concerns weighing on shares of Seagate, Western Digital
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12:42 EDTFBInstagram announces new updates to be source for real-time news
Instagram announced two updates that will aim at helping connect the community with "the world as it happens." The company introduced its Explore page, with trending Tags and Places, and a more powerful search. Instagram commented, We’ve completely reimagined the Explore page to make discovery on Instagram immediate and effortless. The new Explore now surfaces trends as they emerge in real-time, connecting you to events and conversations both near you and around the globe.... For everyone on Instagram, we’ve dramatically improved the ability to find what you’re looking for. With the new Places Search, you can now peer in at just about any location on earth, allowing you to scout out your next vacation spot in the South Pacific, get a look inside that hot new restaurant or experience your favorite music festival — even if you couldn’t make it this year. The new Top Search also lets you search across people, places and tags all at once." Reference Link
10:45 EDTIBMIBM calls active after report says Ackman to take on big target
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10:01 EDTIBMIBM up after Post says Ackman to take on big target
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10:00 EDTTOn The Fly: Analyst Upgrade Summary
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09:51 EDTFBFacebook near test of life high, levels to watch
The stock has been trading in a range largely defined by a low at $77 and a high at $85 since February of this year. That is a slightly more bullish range than the previous several months characterized by a low at $75 and a high at $82. The life high for the shares is at $86.07, with the stock breaking the range high and last at $85.65. This move could be another oscillation in the range, or it might presage a genuine breakout in price. With the range having built for so long a period, a breakout could see a more rapid increase in price with a probe to the $90 to $95 area quite possible. A move back below $85 would mean this was another excursion testing the bounds of the range, with next support below at $82.
09:36 EDTT, FBActive equity options trading on open
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08:03 EDTFBMondelez renews global strategic partnership with Facebook
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07:41 EDTIBM, INTC, DELLRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
07:15 EDTMAOppenheimer to hold a conference
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06:05 EDTINTCIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTINTCNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTIBMOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:41 EDTTAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTTAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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16:00 EDTFBOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
14:42 EDTFBOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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09:52 EDTKMBKimberly-Clark names DirecTV CEO Michael White to board of directors
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09:40 EDTFB, T, INTCActive equity options trading on open
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08:35 EDTINTCKopin divests interest in Recon Instruments
Kopin (KOPN) said it had divested its equity interest in Recon Instruments as part of Intel Corporation’s (INTC) acquisition of Recon. Kopin anticipates that it will receive approximately $6M in cash proceeds for its equity interest, subject to certain closing conditions including a working capital adjustment.
07:31 EDTFBFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
06:25 EDTFBFacebook's CPO to outline new format for mobile advertising, WSJ reports
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06:03 EDTFBFacebook price target raised to $120 from $92 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for shares of Facebook to $120 and keeps an Overweight rating on the name. Facebook is the best play on the "next computer paradigm of virtual reality," Munster tells investors this morning in a research note. Oculus, the company's virtual reality technology, is an "insurance policy on the relevance of Facebook's social portfolio as technology shifts,” Munster writes. He believes the long-term value of technology is not reflected in the current share price. The social networking giant closed Friday down 39c to $82.51.
05:39 EDTIBMNidec, IBM Japan to jointly develop IoT Technology
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June 21, 2015
16:32 EDTINTCAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
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