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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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October 17, 2014
06:24 EDTHPQStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTHPQGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:21 EDTHPQHP dismisses concerns about drop in global notebook market share, DigiTimes says
HP has dismissed concerns from Taiwan supply chain makers that say the company's global notebook market share may drop significantly following the split, reports DigiTimes. According to makers, HP said it will maintain notebook operations with 2015 target shipments of at least 31M units. Reference Link
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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