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Stock Market & Financial Investment News

News Breaks
July 23, 2014
10:02 EDTMDRX, PTEN, PDS, PLD, QCOM, QDEL, RRC, SCCO, CODE, PKG, PDCE, NEOG, CATM, FANG, FET, ISRG, KMB, LII, MSFT, MURGY, VMWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allscripts (MDRX) upgraded to Buy from Hold at Jefferies... Cardtronics (CATM) upgraded to Overweight from Neutral at JPMorgan... Diamondback Energy (FANG) upgraded to Buy from Accumulate at KLR Group... Forum Energy (FET) upgraded to Buy from Accumulate at Tudor Pickering... Intuitive Surgical (ISRG) upgraded to Buy from Hold at Stifel... Kimberly Clark (KMB) upgraded to Equal Weight from Underweight at Barclays... Lennox (LII) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded at Pacific Crest... Munich Re (MURGY) upgraded to Overweight from Neutral at JPMorgan... Neogen (NEOG) upgraded to Buy from Hold at Craig-Hallum... PDC Energy (PDCE) upgraded to Outperform from Sector Perform at Howard Weil... Packaging Corp. (PKG) upgraded to Buy from Underperform at CLSA... Patterson-UTI Energy (PTEN) upgraded to Accumulate from Hold at Tudor Pickering... Precision Drilling (PDS) upgraded to Accumulate from Hold at Tudor Pickering... Prologis (PLD) upgraded at Stifel... Qualcomm (QCOM) upgraded to Outperform from Market Perform at Northland... Quidel (QDEL) upgraded to Neutral from Underperform at Wedbush... Range Resources (RRC) upgraded to Overweight from Equal Weight at Stephens... Southern Copper (SCCO) upgraded to Buy from Neutral at UBS... Spansion (CODE) upgraded to Buy from Hold at Jefferies... VMware (VMW) upgraded at CLSA.
News For MDRX;CATM;FANG;FET;ISRG;KMB;LII;MSFT;MURGY;NEOG;PDCE;PKG;PTEN;PDS;PLD;QCOM;QDEL;RRC;SCCO;CODE;VMW From The Last 14 Days
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October 9, 2014
09:31 EDTSCCOSouthern Copper upgraded to Neutral from Underperform at BofA/Merrill
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09:09 EDTPDSPrecision Drilling upgraded to Strong Buy from Outperform at Raymond James
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09:01 EDTMSFTSony moves step further toward sale of PS4 in China, WSJ says
Sony (SNE), which seeks to join Microsoft (MSFT) in selling video game consoles in China, may see a partner company start packaging its consoles in the nation in December, said The Wall Street Journal, citing a filing posted by a Sony local partner on the official website of Shanghai’s free-trade zone. A Sony spokesperson said the facility's ability to package 200,000 consoles a year, which was communicated in the filing, does not represent an actual business plan and declined to comment further on Sony’s plans. Reference Link
08:53 EDTMSFTAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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07:08 EDTCODESpansion, Integrated Silicon announce plans to develop HyperRAM products
Spansion (CODE) and Integrated Silicon (ISSI) announced plans to develop HyperRAM products based on the Spansion HyperBus interface, which improves performance while reducing the number of pins. Both companies will have rights to sell HyperRAM products under a long-term supply agreement fulfilled by ISSI.
06:42 EDTMSFTMicrosoft CEO admits 'mistakes' with Windows 8, Business Insider reports
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06:41 EDTMSFTMicrosoft initiated with a Market Perform at BMO Capital
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06:31 EDTMSFTFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:24 EDTMSFTMicrosoft rumored to cancel Surface tablet business, DigiTimes reports
Microsoft may be planning to cancel the Surface tablet business as it continues to see weak sales for its Surface Pro 3 tablet, reports DigiTimes. According to sources from the upstream supply chain, the first and second generation Surface tablets are estimated to have created losses of about $1.7B. Reference Link
October 8, 2014
16:56 EDTMSFTGartner says worldwide PC shipments in Q3 declined 0.5%
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11:10 EDTPTENOptions with increasing implied volatility
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11:04 EDTVMWEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
09:53 EDTVMWHP, EMC still doing due diligence on potential deal, CNBC reports
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09:06 EDTPLDPrologis signs 269,100 square foot build-to-suit agreement in the Netherlands
Prologis has signed a 269,100 square foot build-to-suit agreement in the Netherlands with Coolblue, one of the largest online retailers in the Benelux.
08:55 EDTVMWEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTVMWElliott Management urges separation of VMware from EMC
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08:20 EDTQCOMQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
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07:45 EDTCATMCardtronics named exclusive ATM services provider for Fresh & Easy
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06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
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