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Stock Market & Financial Investment News

News For MDT;COV;INTC;BSX;VRTX;JNJ From The Last 14 Days
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January 28, 2015
07:23 EDTINTCIntel pullback yesterday a buying opportunity, says Jefferies
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05:58 EDTINTCIntel cooperates with Spreadtrum, Rockchip to enter China market, DigiTimes says
Intel (INTC) has cooperated with and Rockchip Electronics to rpomote its platforms in the China market, reports DigiTimes. According to Taiwan-based supply chain makers, the move is to compete with Qualcomm (QCOM) and Mediatek for smartphone and tablet use chip solutions. Intel is set to ship 44M tablet processors in 2015. Reference Link
05:48 EDTINTCStocks with implied volatility movement; INTC QQQ
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January 27, 2015
13:43 EDTINTCIntel would not let AMD x86 license 'fall into hands' of China, Hesseldahl says
Following a Chinese language report claiming that Chinese company BLX IC Design could be interested in buying AMD (AMD), Re/code's Arik Hesseldahl said on Twitter that he believes there is "no way" Intel (INTC) would allow AMD's x86 license to fall into the hands of a China-based owner. AMD shares, which rose significantly yesterday, are up another 5.2% today in afternoon trading. Reference Link
13:16 EDTINTCAMD continues advance following Chinese report of takeover interest
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11:29 EDTJNJBayer, Janssen form collaboration to study Xarelto in stroke patients
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11:14 EDTINTCMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giantís commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
10:14 EDTINTCIntel drops after Microsoft results, levels to watch
Shares are down 4.6% to $34.15 at time of writing as Microsoft's (MSFT) results weigh on PC-related shares. At current price, next support is at $33, a recent pivot low. Resistance is at $34.79.
08:42 EDTMDTMedtronic coverage resumed with a Buy at Goldman
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January 26, 2015
17:06 EDTCOV, MDTMedtronic completes acquisition of Covidien for $49.9B
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10:28 EDTINTCIntel trades down, testing lows of the recent range
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08:54 EDTINTCIntel management to meet with Deutsche Bank
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08:52 EDTJNJ, BSXCourt ruling likely to be positive for Boston Scientific, says Bernstein
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07:17 EDTCOV, MDTSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTMDT, COVMedtronic pending acquisition of Covidien approved by Irish High Court
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January 23, 2015
16:55 EDTJNJMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
16:33 EDTMDTMedtronic reports 5.1% passive stake in Intersect ENT
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15:46 EDTMDTPiper Jaffray's medtech analysts hold an analyst/industry conference call
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14:02 EDTBSXJPMorgan reports 5.7% passive stake in Boston Scientific
08:36 EDTMDTMedtronic receives FDA approval for for the Medtronic Enterra II System
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