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Stock Market & Financial Investment News

News Breaks
April 11, 2013
10:28 EDTGOOG, DELL, LNKD, STX, HPQ, FB, WDC, MSFTWall Street sours on Microsoft following weak PC data
Microsoft (MSFT) is sinking after two research firms slashed their ratings on the stock following an industry report that said PC shipments had tumbled 13.9% in the first quarter. WHAT'S NEW: In a note to investors earlier today, Goldman Sachs downgraded Microsoft's shares to Sell from Neutral. The company will be hurt by accelerating market share losses for PCs, along with its lack of gains in the tablet and smartphone market, Goldman believes. The firm set a $27 price target on the shares. Also today, Nomura analyst Rick Sherlund downgraded the software maker to Neutral from Buy, citing declining PC sales last quarter. "Sluggish" sales of Microsoft's new Windows 8 operating system and its lack of "compelling" new hardware products are disappointing, the analyst added. He set a $30 price target on the shares, which he believes remain attractive for value-oriented investors. Both analysts cited research from International Data Corporation as a reason for the downgrade. The firm reported last night that shipments of PCs had tumbled 13.9% in the first quarter of the year versus the same period in 2012. The decline was the largest drop since IDC began collecting data in 1994. TODAY'S PRICE ACTION: In early trading, Microsoft dropped $1.40, or 4.6%, to $28.90. PC makers also fell on the PC sales data, with Hewlett-Packard (HPQ) sinking 5.5% to $21.10 and Dell losing 0.5% to $14.14. OTHERS TO WATCH: Western Digital (WDC), which makes hard disk drives, declined 2.6% to $51.83 and its competitor, Seagate (STX), gave back 2.75% to $36.70.
News For MSFT;HPQ;DELL;WDC;STX;GOOG;FB;LNKD From The Last 14 Days
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February 23, 2015
16:00 EDTFBOptions Update; February 23, 2015
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12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTGOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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09:48 EDTFBFacebook experiencing likely service disruption, downrightnow says
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09:39 EDTGOOG, FBActive equity options trading on open
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09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
09:14 EDTFBBelgian commissioned study finds Facebook privacy policy violates European law
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08:55 EDTHPQHP volatility elevated into Q1 and outlook
HP February weekly call option implied volatility is at 61, March is 30, April is at 28, August is at 27; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on February 24.
08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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07:40 EDTHPQHP Q1 results could beat expectations, says Wells Fargo
Wells Fargo believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand The firm believes that currency issues may pressure the company's outlook, but it thinks that ivnestors expect such a scenario. The firm reiterates an Outperform rating on the shares.
06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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06:21 EDTFBFacebook's shuttle drivers approve new union contract, WSJ reports
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06:14 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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February 20, 2015
16:03 EDTFBOptions Update; February 20, 2015
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09:47 EDTLNKDLinkedIn management to meet with Pacific Crest
Meetings to be held in the Midwest February 26-27 hosted by Pacific Crest.
09:38 EDTFBActive equity options trading on open
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07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
07:27 EDTHPQHP volatility elevated into Q1 and growth outlook
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06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
05:21 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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