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Stock Market & Financial Investment News

News Breaks
March 3, 2014
04:55 EDTLMCA, LMCA, LMCA, LMCA, ACXM, ACXM, ACXM, ACXM, HPQ, HPQ, HPQ, HPQ, TXN, TXN, TXN, TXN, SAP, SAP, SAP, SAP, VMW, VMW, VMW, VMW, TRIP, TRIP, TRIP, TRIP, STX, STX, STX, STX, SNDK, SNDK, SNDK, SNDK, MSFT, MSFT, MSFT, MSFT, INTU, INTU, INTU, INTUMorgan Stanley to hold a conference
Technology, Media & Telecom Conference is being held in San Francisco on March 3-6.
News For LMCA;MSFT;SNDK;STX;TRIP;VMW;SAP;TXN;HPQ;ACXM;INTU From The Last 14 Days
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January 26, 2016
16:21 EDTVMWVMware moves up
After results, the shares are up over 4.8% in the extended session to $51.69. At that price resistance is at $52.88. Support is at $50.39.
16:18 EDTVMWVMware to take charge on restructuring, announces new CFO
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16:16 EDTVMWVMware reports Q4 EPS $1.26, consensus $1.25
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16:00 EDTMSFTOptions Update; January 26, 2016
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15:59 EDTSNDKUnisplendour has financing for Western Digital-SanDisk deal, dealReporter says
15:20 EDTVMWEarnings Watch: EMC reports as questions linger on Dell deal
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14:32 EDTVMWNotable companies reporting after market close
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11:42 EDTSNDKOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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11:13 EDTMSFTActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:52 EDTSNDKStocks with call strike movement; SNDK FB
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10:40 EDTTRIPTripAdvisor adds key supplier with Starwood, says Piper Jaffray
Piper Jaffray analyst Michael Olson says that while expected following Marriott's (MAR) acquisition of Starwood, the partnership enabling Starwood's hotel inventory on TripAdvisor's (TRIP) Instant Book is a positive. TripAdvisor is making "tremendous strides" in building its supplier network, Olson tells investors in a research note. He reiterates an Overweight rating on the stock with a $120 price target.
10:34 EDTMSFTBattleground: BofA says sell NetSuite, DA Davidson still bullish
Over the last two days, analysts have issued mixed views on NetSuite (N), with Bank of America Merrill Lynch and Stephens downgrading the shares, while research firm DA Davidson argued in its own note to investors that the company should report better than expected fourth quarter results on January 28. NetSuite develops cloud based financial and enterprise resource planning, or ERP, tools for businesses. BEARISH TAKE: Bank of America Merrill Lynch analyst Kash Rangan downgraded NetSuite to Underperform, the firm's equivalent of a sell rating, from Neutral today. The company has increased its sales force by about 40%, but its billings are accelerating by only about 30%, the analyst stated. Moreover, NetSuite's operating margins are expected to come in at only about 4% in 2016, making it difficult for investors to value the stock on a price to earnings or enterprise value to free cash flow basis, Rangan believes. The stock may face obstacles if its billings growth doesn't accelerate significantly or if its operating margin doesn't increase to 10%-12%, Rangan wrote. Meanwhile, the company is facing tough competition from Microsoft (MSFT) in the mid-market and from other players at the lower end, according to the analyst, who cut his price target on the name to $80 from $95. Also writing that NetSuite is facing increased competition, Stephens analyst Alex Zukin yesterday downgraded the stock to Equal Weigh from Overweight. These competitive pressures along with changes to the company's organizational structure, the loss of a number of its "marquee" customers, and its premium valuation, led to the downgrade, Zukin stated. He slashed his price target on the stock to $75 from $100. BULLISH TAKE: NetSuite's Q4 results should beat expectations, with revenue coming in at $207.6M, above the company's guidance range of $202M-$205M and the consensus outlook of $204.4M, predicted DA Davidson analyst Jack Andrews. The company will report EPS of 5c, versus the consensus outlook of 4c, estimated Andrews. NetSuite can continue to increase its market share at the expense of mid-tier ERP vendors, believes the analyst, who reiterated a $130 price target and Buy rating on the shares. WHAT'S NOTABLE: In the same note to investors this morning, Merrill Lynch's Rangan also downgraded Paylocity (PCTY) and Marketo (MKTO) to Underperform from Neutral and it cut his rating on Red Hat (RHT) to Neutral from Buy. Paylocity provides payroll and human capital management software to medium businesses, while Marketo provides cloud-based marketing tools and Red Hat provides open source software solutions. PRICE ACTION: In early trading, NetSuite fell 3.6% to $65.45.
10:32 EDTSNDKOptions with increasing implied volatility: CLDX SNDK GMCR RAD
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09:32 EDTMSFTActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
09:30 EDTSNDKWestern Digital, SanDisk deal should go through, Summit Research says
Summit Research analyst Srini Sundararajan said he thinks that the Unisplendour investment in Western Digital (WDC) is more than likely to be stalled, if not blocked, given the current political climate, but he also believes Western Digital planned for this contingency and that its deal with SanDisk (SNDK) should still go through. Additionally, Sundararajan said he believes CFIUS stepping in to block Philips' (PHG) sale of its Lumileds LED and automotive lighting unit to GO Scale Capital is a positive development for Cree (CREE), which should be pleased that a "flood the market" Chinese competitor has not been given the green light.
09:03 EDTTRIPStarwood, TripAdvisor announce new instant booking partnership
Starwood Hotels & Resorts Worldwide (HOT) and TripAdvisor (TRIP) have partnered to make Starwood's global hotel portfolio accessible on the TripAdvisor instant booking platform.
09:03 EDTSAPSAP and Lenovo sign agreement to develop cloud solutions in China
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08:26 EDTMSFTTwitter in play after executive departures, says Cantor
Cantor Fitzgerald analyst Youssef Squali believes yesterday's news of several senior executives leaving Twitter (TWTR) puts the company in play and could encourage potential bidders to step forward. Twitter's current valuation and sizeable user base makes it a strategic asset for a number of potential buyers, Squali told investors last night in a research note. Potential suitors on the technology side include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, Squali thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. No concentration of share ownership and no super-voting structure increase the odds of a buyout, Squali argues. The analyst, however, adds that the executive departures are not good news for a company in the midst of a turnaround. He maintains a Buy rating on the microblogging operator with a $45 price target. Twitter closed yesterday down 82c, or 5%, to $17.02..
08:13 EDTVMWVMware expected layoffs hit Monday, Fortune reports
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06:00 EDTVMWEU to decide on Dell, EMC deal by February 29, Reuters reports
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