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Stock Market & Financial Investment News

News Breaks
July 11, 2013
12:19 EDTBPI, KOG, AMD, MACK, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the S&P 500 eclipsed its all-time closing high and stood within points of its record intraday high. The strength in the equity markets comes after Federal Reserve Chairman Ben Bernanke gave a speech in Massachusetts yesterday afternoon. During his Q&A session, Bernanke noted that that even though the Fed may begin reducing its bond buying soon, interest rates will stay pinned at their current low levels for a long time. The chairman also pointed out that the unemployment rate probably understates the weakness in the labor market evidenced by other measures, such as the labor participation rate. Though Bernanke may not have intended to deliver a major monetary message, investors appear to be receiving it as such, driving the averages higher again. ECONOMIC EVENTS: In the U.S., initial jobless claims in the week ended July 6 jumped a more-than-expected 16K to 360K. Import prices fell 0.2% from the prior month in June, versus expectations for them to be flat. COMPANY NEWS: Microsoft (MSFT) announced the details of what the company called its "One Microsoft" reorganization plan. The new structure focuses the company’s engineering efforts around four areas: OS, Apps, Cloud, and Devices. Also of note, the company's Windows and Office products will fall under new leadership following the realignment. On a down note for the software maker was data released last night by market researcher Gartner that showed second quarter global PC shipments fell 10.9% to 76M, while another researcher, IDC, pegged the decline at 11.4%. MAJOR MOVERS: Among the notable gainers was Bridgepoint Education (BPI), which surged 20% after the company's flagship college, Ashford University, was granted accreditation, after having been denied accreditation last year. Also higher were shares of Advanced Micro Devices (AMD), which rose nearly 10% following upgrades at two Street research firms. Among the noteworthy losers was Merrimack Pharmaceuticals (MACK), which fell 20% after the company filed to sell $50M in common stock and $75M in convertible senior notes. Also lower was Kodiak Oil & Gas (KOG), which slid more than 2% after The Wall Street Journal said, citing sources, that the company had hired bankers last year to field interest from possible takeover suitors, though talks with potential buyers did not result in a deal. INDICES: Near noon, the Dow was up 129.98, or 0.85%, to 15,421.64; the Nasdaq was up 41.83, or 1.19%, to 3,562.59; and the S&P 500 was up 16.15, or 0.98%, to 1,668.77.
News For MSFT;AMD;BPI;MACK;KOG From The Last 14 Days
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April 8, 2014
09:09 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
08:08 EDTMACKMerrimack says ferumoxytol well tolerated in diagnostic imaging study
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06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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April 4, 2014
11:21 EDTMSFTCourt reverses parts of lower court ruling in DataTern suit with Microsoft, SAP
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10:02 EDTKOGOn The Fly: Analyst Initiation Summary
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07:43 EDTMSFTBaidu market leading search share in China rose in March, Marbridge Daily says
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07:28 EDTMSFTNew America Foundation to hold a forum
The New America Foundation holds a forum, "Implementing the PCAST Spectrum Sharing Report" with President Obama's Deputy CTO for Telecom Policy, Jason Furman, VP Medin of Google and Craig Mundie of Microsoft in Washington, D.C. on April 4 at 2 pm. Webcast Link
06:01 EDTKOGKodiak Oil & Gas initiated with a Buy at BofA/Merrill
Target $16.
April 3, 2014
18:08 EDTMSFTMicrosoft options look like moneymakers, Barron's reports
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09:30 EDTMSFTApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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08:05 EDTAMDAMD amended deal removes overhang, says Wedbush
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07:40 EDTBPIChanos says still short names in for-profit education space
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06:13 EDTMSFTMicrosoft to stop charging fee for Windows for some smartphones, WSJ reports
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