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Stock Market & Financial Investment News

News Breaks
April 11, 2013
09:13 EDTBYD, YUM, INTC, PIR, AMRS, FTNT, HPQ, ZUMZ, RAD, ACAD, MSFTOn The Fly: Pre-market Movers
HIGHER: ACADIA (ACAD), up 44% after its Parkinson's disease candidate approved for NDA filing by FDA... Amyris (AMRS), up 15% after publicizing study of anti-malaria drug precursor... Zumiez (ZUMZ), up 9.5% after reporting March same-store sales up 2.1%, initiated with a Buy at Topeka, upgraded to Neutral at Piper Jaffray... Boyd Gaming (BYD), up 6.7% following upgrade to Overweight at Morgan Stanley... Ross Stores (ROST), up 4.2% after reporting March same-store sales up 2%, updating Q1 guidance... UP AFTER EARNINGS: Rite Aid (RAD), up 11.5%... LOWER: Fortinet (FTNT), down 17.6%, after issuing profit warning, downgrades at Wells Fargo, Morgan Stanley, Needham and Merrill Lynch... Microsoft (MSFT), down 3.5% after downgrade to Sell at Goldman, downgrade to Neutral at Nomura. Also, IDC said PC shipments had steepest decline for single quarter its ever tracked in Q1. Hewlett-Packard (HPQ) down 6.1%, Intel down 2.5%... Yum Brands (YUM), down 2.5%, after March same-store sales in China down 13%... DOWN AFTER EARNINGS: Pier 1 (PIR), up 4.9%.
News For MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR From The Last 14 Days
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May 19, 2015
06:36 EDTHPQHP sued by MicroTech for $16.5M for 'unfairly taking advantage'
In a lawsuit filed Monday with the United States District Court for the Northern District of California in San Francisco, Virginia technology company MicroTech accuses Hewlett Packard and the software maker it now owns, Autonomy, of unfairly taking advantage by refusing to return $16.5M in cash paid to Autonomy for software never delivered in a fashion where it could be re-sold. During a national telephonic press conference, Lanny J. Davis, a Washington, D.C. attorney advising MicroTech, described the core allegation in the breach of contract case filed against HP: "Regardless of whether HP was defrauded by Autonomy, or whether HP's over-payment for Autonomy was a product of a possible due diligence failure, in my opinion, HP is not entitled to keep both MicroTech's money AND Autonomy's software that MicroTech duly purchased," Davis said.
06:24 EDTHPQHP to sell controlling stake in H3C unit to Tsinghua Unigroup, Reuters reports
HP will sell its 51% stake in H3C, its China-based computing unit, to Tsinghua Unigroup, Reuters reports, citing comments from a spokesperson for the Chinese private-equity fund's parent company. Terms have not been disclosed, but the spokesperson says he believes the deal will be completed in the coming days. Reference Link
06:10 EDTINTCCiti sees over 50% chance of Intel buying Altera
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06:01 EDTMSFTStocks with implied volatility below IV index mean; MSFT GE
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05:50 EDTRADStocks with implied volatility movement; RAD LL
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May 18, 2015
20:16 EDTZUMZUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
19:27 EDTMSFTMicrosoft's new internet browser to be Windows exclusive, TechCrunch says
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16:28 EDTMSFTWindows 10 Mobile devices to feature carrier-free updates, ZDNet says
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16:00 EDTMSFTOptions Update; May 18, 2015
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14:15 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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13:37 EDTMSFTBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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12:51 EDTINTCOn The Fly: Top stock stories at midday
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12:13 EDTRADRite Aid management to meet with Guggenheim
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10:40 EDTINTCIntel, Altera held principal to principal talks late last week, Faber says
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09:11 EDTINTCIntel, Altera held 'principal to principal' talks last week, CNBC reports
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08:35 EDTYUMYum! Brands price target raised to $105 from $90 at Oppenheimer
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08:11 EDTFTNTFortinet signs CRADA with DHS
Fortinet announced that it has signed a Collaborative Research and Development Agreement, or CRADA, with the Department of Homeland Security, or DHS. With the CRADA in place, Fortinet can now share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions. The CRADA will allow Fortinet to participate in the Cyber Information and Sharing and Collaboration Program, or CISCP, which entails sharing cyber threat, incident, and vulnerability information in near real-time, drawing on data of observed threat activity submitted by CISCP participants.
07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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06:05 EDTMSFTStocks with implied volatility below IV index mean; MSFT GE
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.
May 17, 2015
14:45 EDTMSFTMicrosoft should acquire software translator Xamarin, Barron's says
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