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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:12 EDTDLR, MSFT, LVLT, AMZNLevel 3 to connect Digital Realty customers in the U.S. and Europe
Level 3 Communications (LVLT) announced it will connect Digital Realty Trust (DLR) customers in 14 major markets in the U.S. and Europe to its growing cloud ecosystem that includes Amazon (AMZN) Web Services and Microsoft (MSFT) Azure. As a result of this relationship, Digital Realty customers will gain the ability to migrate and operate business-critical applications in a hybrid cloud environment that delivers greater performance, security and flexibility.
News For LVLT;DLR;AMZN;MSFT From The Last 14 Days
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February 26, 2015
14:02 EDTMSFTMicrosoft shutting down two factories in China, Want China Times reports
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13:00 EDTLVLTFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTLVLTFCC Chair says open Internet proposals not a plan to control the Internet
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11:46 EDTAMZNAmazon.com hires Jay Carney for corporate affairs position, Politico says
Former White House Press Secretary Jay Carney has accepted the position of SVP for Worldwide Corporate Affairs at Amazon, says Politico. Reference Link
09:11 EDTLVLTAlteva and Level 3 partnered in communications overhaul for Focus Pointe
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06:27 EDTMSFTMicrosoft increases orders to China makers, DigiTimes reports
Microsoft is increasing orders to China makers and away from Taiwan makers, reports DigiTimes. Microsoft has become increasingly concerned over costs and is adjusting its supply chain to receive components at more competitive pricing that previously received from Taiwan makers. Reference Link
06:13 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 25, 2015
16:00 EDTAMZNOptions Update; February 25, 2015
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10:34 EDTMSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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06:01 EDTAMZNGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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06:01 EDTAMZNReport: Amazon reduces tablet orders to Compal, Quanta by 30%, DigiTimes says
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05:54 EDTMSFTStocks with implied volatility below IV index mean; FOSL QCOM
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February 23, 2015
16:00 EDTAMZNOptions Update; February 23, 2015
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11:35 EDTAMZNAmazon picks Benson to head advertising for original TV series, Variety says
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10:31 EDTAMZNEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
February 20, 2015
16:03 EDTAMZNOptions Update; February 20, 2015
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09:38 EDTAMZNActive equity options trading on open
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07:10 EDTAMZNBrean Capital to hold a bus tour
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06:04 EDTAMZNAmazon expands two-hour delivery program to Brooklyn, Re/code says
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