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Stock Market & Financial Investment News

News Breaks
July 17, 2014
08:39 EDTGOOG, MSFTMicrosoft shifting some Nokia X designs to Lumia products running Windows
CEO Satya Nadella says the company plans to shift select Nokia X product designs to become Lumia products running Windows. "This builds on our success in the affordable smartphone space and aligns with our focus on Windows Universal Apps." Reference Link
News For MSFT;GOOG From The Last 14 Days
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January 27, 2016
19:30 EDTGOOGOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
18:00 EDTGOOGFacebook executives pleased with China growth, hazy on Oculus launch
Speaking on the company's fourth quarter earnings conference call, Facebook (FB) Chief Executive Officer Mark Zuckerberg highlighted the company's more than 2.5M active advertisers as well as the growth of its Messenger and WhatsApp services, which have expanded to 800M and nearly 1B monthly users, respectively. More services will be coming soon to Messenger, Zuckerberg promised, including airline integration. The CEO noted he is "pleased" with initial consumer reaction to Samsung's (SSNLF) Gear VR virtual reality headset, though commentary on pre-orders for Facebook's own Oculus Rift device was notably light, with Zuckerberg saying only that the Oculus launch is "shaping up to be a big moment for the gaming community." Meanwhile, Chief Operating Officer Sheryl Sandberg said the company is pleased with the growth its seeing in emerging markets, including China, where businesses are using Facebook to reach customers internationally. The commentary comes in contrast to the downbeat macro view voiced during Apple's (AAPL) conference call Tuesday night. Globally, 98 of the quarter's top 100 Facebook advertisers also chose to market on Instagram, Sandberg said, adding that as businesses realize they need to catch up to consumer shifts towards mobile, she foresees a "big" opportunity to continue growing advertiser count. ANALYST TAKE: Piper Jaffray analyst Gene Munster issued a post-earnings note on Facebook, reiterating his Overweight rating and $155 price target on the social network giant in the wake of its strong beat. PRICE ACTION: Shares of Facebook have surged 12.8% to $106.60 in after-hours trading. Other members of the FANG stock grouping are also moving higher, with Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG) rising a respective 2.3%, 2.25% and 2.6%.
16:54 EDTGOOGGoogle, Movidius partner on 'deep learning' for mobile devices
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13:47 EDTMSFTVMware tanks after providing lower guidance amid Cloud transition
Shares of virtualization software maker VMware (VMW) are falling after providing guidance, confirming layoffs and announcing executive changes. WHAT'S NEW: After the close of trading on Tuesday, the software company that is 80% owned by EMC (EMC) and provides software for corporate data centers, announced fourth quarter financial results while confirming earlier reports of layoffs and announcing a new chief financial officer. VMware, along with parent company EMC, is in the midst of a proposed acquisition by Dell. The company's Q4 earnings per share and revenue came in at $1.26 and $1.87B, respectively, slightly better than analysts were expecting; however, the company's view for fiscal year 2016 EPS and revenue of $4.07-$4.16 and $6.8B-$6.9B, respectively, were well below the $4.20 and $7.21B analysts are expecting. VMware also guided first quarter EPS to 83c-85c, also below analysts' 92c consensus. Along with its results, the company confirmed earlier reports that it intended to reduce its workforce by 800 and plans to take a charge of between $55M-$65M related to this action over the course of the first half of 2016. The company also announced that its CFO Jonathan Chadwick is leaving and will be replaced by EMC CFO Zane Rowe. WHAT'S NOTABLE: On its quarterly conference call discussing its earnings, VMware company referred to its growth in "emerging" products and businesses including NSX and User Computing and Virtual SAN, all of which grew strongly over the quarter. The company said it hopes its newer products are picking up the slack due to the declining growth in its mature "compute products." Pat Gelsinger, VMware's chief executive officer, "We recognize that our blockbuster compute products are reaching maturity and will represent a decreasing portion of our business going forward." The company is upgrading its Cloud strategy to better compete with leaders like Amazon (AMZN) and Microsoft (MSFT), which provide Cloud services via the internet and make the corporate data center that VMware focuses on less necessary. ANALYSTS' VIEWS: Summit Research analyst Srini Nandury downgraded VMware to Hold and lowered his price target for the shares to $40 from $80 following the company's quarterly results. The company's business will get worse before it gets better, Nandury told investors in a research note. Another downgrade came from research firm Baird's analyst Jayson Noland, who cut his rating on VMware to Neutral and lowered his price target to $60 from $80. Noland said the core vSphere business is facing incremental public cloud headwinds and substantial uncertainty related to the Class V common stock being issued to finance the EMC acquisition. Providing a more constructive view was UBS who said the current valuation levels of VMware offer a significant opportunity for patient investors. The firm noted the company will temper spending and focus on leveraging public clouds, which should provide a tailwind to both capital and operating expenditures. UBS reiterated its Buy rating and $72 price target on VMware. PRICE ACTION: Shares of VMware are down approximately 40% since the Dell-EMC deal was announced last October and are down over 9% to $44.84 in afternoon trading. OTHERS TO WATCH. Other companies in the cloud computing space include Amazon, Microsoft and Citrix Systems (CTXS).
12:02 EDTMSFTBox, Microsoft expand alliance to deliver better cloud experiences
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10:07 EDTMSFTMicrosoft announces launch of News Pro app
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09:32 EDTGOOGActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
07:59 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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06:38 EDTGOOGGoogle files patent for secure delivery component for drones, Reuters says
Alphabet's Google has filed a patent for a drone component designed to store packages securely, Reuters reports. The patent describes a "delivery receptacle" that will take packages from an "aerial delivery device" for deposit to a secure area, the report says. Reference Link
06:14 EDTGOOGFCC proposes set-top box rule revamp, WSJ reports
Federal regulators are anticipated to propose an overhaul of rules for television set-top boxes, a move that targets reducing bills for cable viewers and giving more access to web-based programming, the Wall Street Journal reports. FCC chairman Tom Wheeler's proposal would likely include providing cable and satellite customers more options when it comes to using their service provider's set-top box and cable app, the report says. Such a move could open up the market to alternative set-top-box providers, including TiVo (TIVO) and Alphabet's (GOOG) Google, the report notes. Reference Link
January 26, 2016
19:57 EDTGOOGGoogle preparing to reach EUR150M tax settlement with Italy, The Times says
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18:35 EDTMSFTMicrosoft executive: Surface glitch during NFL game caused by stadium error
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16:00 EDTMSFTOptions Update; January 26, 2016
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11:13 EDTMSFTActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:34 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.
09:32 EDTMSFTActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
08:26 EDTMSFT, GOOGTwitter 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..
07:51 EDTGOOGStreet still underestimates Alphabet's outlook, says Bernstein
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07:44 EDTGOOGStreet margin outlook for Amazon continues to be too low, says Bernstein
Bernstein says that Amazon's (AMZN) margins are poised to beat Street expectations, and the firm's 2016 and 2017 EBITDA estimates for the company are about 17% above Street levels. The firm is more upbeat on Amazon than on Alphabet (GOOG, GOOGL) and Facebook (FB)
06:15 EDTGOOGGoogle tax avoidance deal reignites controversy, FT reports
The U.K. government is distancing itself from George Osborne's belief taht the tax deal with Google was "a major success," the Financial Times reports. Google's deal to pay GBP130M in back taxes to the U.K. government has brought back a controversy that made fixing tax avoidance the top priority three years ago, the report says. Prime Minister David Cameron's spokesman declines to repeat Osborne's claim that the deal was a "success" and a "victory," the report says. Reference Link
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