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Stock Market & Financial Investment News

News Breaks
April 11, 2013
10:28 EDTMSFT, HPQ, DELL, WDC, STX, GOOG, FB, LNKDWall 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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July 11, 2014
08:49 EDTWDC, STX, HPQJune CIO survey indicates strong 2H, says Morgan Stanley
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07:42 EDTFBFacebook should move higher on strong quarter, says Deutsche Bank
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06:10 EDTGOOG, LNKD, FBJPMorgan expects solid Q2 results in Internet space
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05:57 EDTGOOGSamsung revamping app store for phones and tablets, Re/code reports
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July 10, 2014
19:38 EDTGOOGYelp says Google results favoring Google+ local listings, WSJ reports
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18:02 EDTHPQWells sees 'shrinking list' of strategic buyers for Rackspace
Wells Fargo sees a "shrinking list" of potential buyers for Rackspace (RAX), with only remaining HP (HPQ) and CenturyLink (CTL) remaining in its opinion. Wells believes Rackspace going private through a leveraged buyout is a possibility, but it thinks such an outcome is a lower probability given the required return assumptions and implied exit multiple. The firm believes the market has correctly assumed a high probability that Rackspace will not undergo a strategic event. However, Wells thinks the potential for a value creating event limits downside in the name. It keeps an Outperform rating on the stock.
16:00 EDTFBOptions Update; July 10, 2014
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12:53 EDTFBFacebook research practices investigated by Irish watchdog, WSJ says
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11:26 EDTFBStocks with call strike movement; TWTR FB
Twitter (TWTR) July 42 call option implied volatility increased 11% to 54, Facebook (FB) August 72.5 call option implied volatility increased 5% to 53 according to IVolatility.
10:46 EDTGOOGYelp retreats after analyst says review growth slowed
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10:22 EDTMSFTMicrosoft CEO prepares reshaping plans
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09:36 EDTFBActive equity options trading on open
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09:35 EDTGOOGRed Hat, Google collaborate on open standard for Docker containers at scale
Red Hat (RHT) and Google (GOOG) are collaborating to drive a new open standard around orchestrating Docker containers, a standard for application packaging in containerized environments, at scale for the management of cloud application deployments, Red Hat announced in a post to its corporate website. Reference Link
09:13 EDTHPQ, WDC, STXHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
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07:46 EDTHPQHP awarded computing, servers contract by USAF
HP announced that the United States Air Force, or USAF, has issued a Quantum Enterprise Buy, or QEB, procurement for select HP business PCs and Workstations. Products that will be distributed as part of the procurement include a wide array of business desktop and notebook PCs, including the HP Compaq Pro 6305 SFF, HP Z230 Workstation, HP Z820 Workstation, HP ProBook 640 G1 and the HP ZBook Mobile Workstations. Products acquired through this QEB award will be distributed to USAF bases and facilities around the world.
06:29 EDTMSFTMicrosoft, Vitalwerks settle lawsuit, WSJ reports
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06:26 EDTHPQ, GOOG, MSFTTablet quarterly shipments fall for first time to 56M on year, DigiTimes says
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06:18 EDTHPQ, MSFTIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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06:13 EDTGOOGGoogle Ventures invests in Europe
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05:49 EDTGOOGYelp review growth outpacing Google Plus, says Piper Jaffray
Piper Jaffray says its data shows that despite being a more mature platform, Yelp (YELP) continues to outpace Google Plus (GOOG) in terms of review growth. Yelp reviews over the past month have increased by 3% versus Google's up 2%, Piper says. The firm remains positive on Yelp shares with an Overweight rating and $80 price target.
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