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Stock Market & Financial Investment News

News For MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR From The Last 14 Days
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October 24, 2014
16:54 EDTMSFTMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:25 EDTHPQHP seeks buyer for Chinese networking business, WSJ reports
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16:08 EDTHPQHP seeks buyer for Chinese networking business, DJ reports
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10:29 EDTFTNTOptions with decreasing implied volatility
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10:09 EDTHPQHP calls amid speculation Icahn has taken a stake
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09:48 EDTHPQRumor: HP moves up amid spculation Icahn has taken a stake
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09:36 EDTMSFTActive equity options trading on open
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09:18 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 4.3%... KLA-Tencor (KLAC), up 8.8%... Rubicon Project (RUBI), up 17.8%... Gigamon (GIMO), up 16%. ALSO HIGHER: Procter & Gamble (PG), up 2.7% after earning report, announcing plans to exit Duracell business by creating a stand-alone Duracell company... Vitae Pharmaceuticals (VTAE), up 40% following its report of top-line results from two Phase 1 clinical trials... Digital River (DRIV), up 47% after agreeing to be acquired by investor group for $26.00 per share. LOWER: Amazon (AMZN), down 9.3%, downgraded at Cowen and Janney Capital following the company's Q3 report... DryShips (DRYS), down 26% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 4.4% following PDUFA date for Natpara extended three months to January 24... Abercrombie & Fitch (ANF), down 4% after downgraded at Goldman and BMO Capital. DOWN AFTER EARNINGS: Pandora (P), down 7%... Synaptics (SYNA), down 9.9%... Flowserve (FLS), down 5%... New Oriental Education (EDU), down 4%.
08:19 EDTMSFTMicrosoft price target raised to $55 from $50 at Credit Suisse
Credit Suisse said Outperform rated Microsoft reported strong hardware revenue outperformance combined with cost controls and cloud businesses momentum. The firm raised its price target to $55 and believes the company can return to double-digit EPS growth and has multiple options to unlock shareholder value.
07:52 EDTMSFTMicrosoft shares can grind higher, says UBS
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07:50 EDTMSFTNokia exec says social channels to be called Microsoft Lumia
Nokia's (NOK) senior vice president for phones at Microsoft (MSFT) Tuula Rytila said, "When we announced that the Nokia Devices & Services business would become part of Microsoft, we also shared that Lumia, our smartphone brand, would become part of the Microsoft (MSFT) family. Since then, we have naturally been making the change from Nokia to Microsoft in our websites, packaging and other consumer touch points. In the coming weeks and months, you’ll start seeing even more brand experience come to life across different channels as we transition from Nokia Lumia to Microsoft Lumia." The exec said that Microsoft will continue to sell its Nokia-branded entry-level category of phones. Reference Link
October 23, 2014
18:52 EDTMSFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Rubicon Project (RUBI), up 19.2%... KLA-Tencor (KLAC), up 15.8%... Gigamon (GIMO), up 13.5%... Maxwell (MXWL), up 11.3%... Qlik Technologies (QLIK), up 9.8%... NetSuite (N), up 5.5%... Microsoft (MSFT), up 3.3%... Juniper Networks (JNPR), reverses in after-hours trading and is up 1.4% after reporting third quarter results and announcing a $1.1B increase to the company's share repurchase authorization. ALSO HIGHER: Vitae Pharmaceuticals (VTAE), up 38.6% following positive top-line results from two Phase 1 clinical trials of BI1181181/VTP-37948... Pfizer (PFE), up 1.8% after announcing a new $11B share repurchase program. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.7%... Synaptics(SYNA), down 12.7%... Pandora (P), down 6.8%... Lattice Semiconductor (LSCC), down 5.6%... Maxim Integrated (MXIM), down 5.8%. ALSO LOWER: DryShips (DRYS), down 16.5% after filing an automatic common stock shelf... NPS Pharmaceuticals (NPSP), down 7.9% following PDUFA date for Natpara extended three months to January 24... GoPro (GPRO), down 2.8% after being initiated with an Underperform at Oppenheimer.
18:18 EDTMSFTMicrosoft backs FY15 OpEx view of $34.2B-$34.6B
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18:13 EDTMSFTMicrosoft sees $300M positive impact to Q2 revenue
Sees Q2 licensing revenue $4B-$4.2B; computers and gaming revenue $3.5B-$3.8B; phone hardware revenue $2B-$2.2B; device and consumer other revenue $2.3B-$2.4B; commercial licensing revenue $10.8-$11B; commercial other revenue $2.5B-$2.6B. Sees Q2 COG $9.5B-$9.9B. Sees Q2 Operating expenses $8.6B-$8.8B. Sees quarter-over-quarter decline in non-commercial segment. The company sees Q2 fundamental strength in commercial segment. Comments provided during Q1 earnings conference call.
16:41 EDTMSFTMicrosoft up 4% after Q1 tops estimates on top, bottom line
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16:08 EDTMSFTMicrosoft reports Q1 Commercial revenue grew 10% to $12.28B
Server products and services revenue increased 13%, with double-digit growth for SQL Server, System Center and Windows Server. Office Commercial products and services revenue grew 5% as customers transition to Office 365. Commercial cloud revenue grew 128% driven by Office 365, Azure and Dynamics CRM. Lync, SharePoint and Exchange, our productivity server offerings, collectively grew double-digits. Windows volume licensing revenue increased 10%.
16:08 EDTMSFTMicrosoft reports Q1 Devices and Consumer revenue grew 47% to $10.96B
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16:06 EDTMSFTMicrosoft Q1 results include 11c negative impact from restructuring
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16:05 EDTMSFTMicrosoft reports Q1 EPS 54c, consensus 49c
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15:30 EDTMSFTNotable companies reporting after market close
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14:34 EDTMSFTMicrosoft October weekly 45.5 straddle priced for 3.7% move into Q1
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14:31 EDTMSFTEarnings Preview: Microsoft reports after Windows 10 arrives, Ballmer exits
Microsoft (MSFT) is scheduled to report its first quarter of fiscal year 2015 results after the market close on Thursday, October 23, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Windows smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 49c on revenue of $22.02B, according to First Call. The consensus range for EPS is 40c-59c on revenue of $21.53B-$22.82B. On its last earnings call, Microsoft said it sees Q1 licensing revenue of $4.1B-$4.2B, Computing and Gaming revenue of $1.7B-$2B, Phone and Hardware revenue of $1.9B-$2.3B, D&C other revenue of $1.8B-$1.9B, Commercial segment 2 sectors revenue of $12B-$12.2B and Commercial other revenue of $2.2B-2.3B. Microsoft noted that it expects its Q1 unearned revenue to grow in-line with normal seasonality. LAST QUARTER: On July 22, Microsoft reported fourth quarter EPS of 55c, missing the consensus analyst forecast of 60c. It's revenue came in at $23.38B, topping the consensus estimate of $23B. Microsoft reported that its Q4 devices and consumer revenue grew 42% to $10B, commercial revenue rose 11% to $13.48B, that Windows volume licensing revenue grew 11% and that Server products revenue, including Azure, grew 16%. The acquired Phone Hardware business contributed $1.99B to current year revenue, Microsoft added. NEWS: On August 1, Microsoft announced in a blog post that it had filed legal action against Samsung (SSNLF) in a U.S. District Court to enforce the companies' 2011 cross-licensing contract. Microsoft alleged Samsung decided late last year to stop complying with its agreement, claiming that in September 2013, after Microsoft announced it was acquiring the Nokia (NOK) devices and services business, Samsung began using the acquisition as an excuse to breach its contract. On August 19, Microsoft's former CEO Steve Ballmer announced his intention to step down immediately from the company's board. Ballmer wrote, "Given my confidence and the multitude of new commitments I am taking on now, I think it would be impractical for me to continue to serve on the board, and it is best for me to move off... I hold more Microsoft shares than anyone other than index funds and love the mix of profits, investments and dividends returned in our stock. I expect to continue holding that position for the foreseeable future." In September, Microsoft agreed to acquire Mojang, the developer of Minecraft, for $2.5B. Microsoft said then that it expects the acquisition to be break-even in FY15 on a GAAP basis. The next day, Microsoft increased its dividend by 3c, or 11%, to 31c per share. At the end of last month, Microsoft unveiled its next Windows operating system, Windows 10, and gave a first look at an early technical preview for the PC available Oct. 1. The familiar Start menu is back, and apps from the Windows Store now open in the same format that desktop programs do, the company reported. Terry Myerson, EVP of the Operating Systems group at Microsoft, said, "This will be our most comprehensive operating system and the best release Microsoft has ever done for our business customers, and we look forward to working together with our broader Windows community to bring Windows 10 to life in the months ahead." STREET RESEARCH: On the day after the company's last quarterly report, Pacific Crest upgraded Microsoft to Outperform from Sector Perform, citing its progress in the cloud and lower risks from its Nokia deal. Pacific Crest placed a $54 price target on the stock. On the day after Steve Ballmer stepped down from Microsoft's board, FBR Capital said it viewed that development as a positive that left the company with a "clean sheet of paper." The firm believes the "Ballmer overhang" was removed and it kept an Outperform rating and $51 price target on Microsoft shares. On the day after the company's Windows 10 launch event, analyst at Cowen said they believed Microsoft struck the right balance of new features and traditional feel by returning to a Win7-style interface and bringing back the Start menu but retaining some of Win8's visual flare and touch features. Pricing was not mentioned at the company's event, but Cowen said it does not expect any significant changes and does not "for one moment believe" that Windows 10 will be a free upgrade for Win8 users on larger screens. The firm maintained its Market Perform rating on Microsoft. Most recently, Bernstein said it believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterated a $56 price target and Outperform rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft shares are fractionally higher. In afternoon trading ahead of tonight's report, Microsoft is up 2.35% to $45.42 per share.
12:12 EDTRADRite Aid management to meet with Guggenheim
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11:25 EDTFTNTInternet security names climb after Check Point, Fortinet beat expectations
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11:21 EDTMSFTMicrosoft technical notes before earnings, levels to watch
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08:59 EDTFTNTFortinet strong sales execution likely to continue into FY15, says Sterne Agee
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08:01 EDTYUMMcDonald's pressured by rising competition in China, WSJ says
In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link
06:47 EDTMSFTMicrosoft aims to ditch Nokia title from Lumia devices, Reuters says
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06:40 EDTMSFTMicrosoft killing Xbox Music free streaming feature
Effective December 1, Microsoft says that the free Xbox Music streaming feature currently available on Windows 8, Windows 8.1, and over the Internet will be discontinued in all countries where it is offered. The company explains, "We are focusing Xbox Music to deliver the ultimate music purchase and subscription service experience for our customers." Reference Link
October 22, 2014
18:34 EDTFTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:32 EDTFTNTFortinet sees 2014 EPS 47c-48c, consensus 48c
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16:31 EDTFTNTFortinet sees Q4 EPS 13c-14c, consensus 15c
Sees Q4 revenue $206M-$211M, consensus $202.92M. Guidance issued in earnings call slides.
16:16 EDTFTNTFortinet reports Q3 EPS 12c, consensus 11c
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15:30 EDTFTNTNotable companies reporting after market close
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13:11 EDTHPQFirm says Chromebook shipments surged 67% in Q2
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11:25 EDTMSFTCisco sale of VCE stake to have limited impact, says Wells Fargo
Wells Fargo thinks Cisco's (CSCO) decision to sell a portion of its stake in VCE is unlikely to have a material near-to-intermediate-term impact on the company's top line since it will continue to sell its networking and compute solutions to the joint venture. Wells says Cisco's "budding" partnerships with NetApp (NTAP), Microsoft (MSFT) and Citrix (CTXS) should more than offset any potential impacts from lessening ties to EMC (EMC) and VMware (VMW).
11:14 EDTFTNTHigh option volume stocks
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10:03 EDTMSFTThe Linley Group to hold a conference
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09:24 EDTFTNTFortinet to host conference call
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09:15 EDTHPQEMC says will not comment on 'speculation, rumors' of talks with Hewlett-Packard
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09:07 EDTMSFTIBM and Microsoft partner for hybrid cloud services
IBM (IBM) and Microsoft (MSFT) are working to provide their respective enterprise software on Microsoft Azure and IBM Cloud. IBM and Microsoft will make key IBM middleware such as WebSphere Liberty, MQ, and DB2 available on Microsoft Azure. Windows Server and SQL Server will be offered on IBM Cloud. IBM and Microsoft are working together to deliver a Microsoft .NET runtime for IBM's Bluemix cloud development platform. The companies will enable customers to bring their own software licenses to the IBM and Microsoft clouds.
08:22 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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08:18 EDTINTCVCE to become an EMC company
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07:52 EDTINTCIntel recent weakness a buying opportunity, says Jefferies
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06:44 EDTINTCIntel may face challenges over CPU product line in 2Q15, DigiTimes reports
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06:44 EDTFTNTU.S. weighing cybersecurity requirements for bank vendors, NY Times says
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06:39 EDTMSFTMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link
06:26 EDTINTCIntel Capital announces investments from China Smart Device Innovation Fund
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October 21, 2014
14:39 EDTHPQHP to unveil 'Sprout' computer with projector, 3D scanner, Re/code reports
HP (HPQ) will unveil a new computing product it is calling "Sprout," which combines a large display with a flat touch-enabled work surface and an overhead assembly combining a projector and a 3-D scanner, at an event next week, reported Re/code, citing sources familiar with the plans. Sprout will be one of several products demonstrated at the event, the report added. Microvision (MVIS) develops high-resolution miniature laser display and imaging engines, though the company is not mentioned anywhere within Re/Code's report. Reference Link
14:34 EDTHPQEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
09:07 EDTHPQFlextronics appoints Michael Mendenhall as Chief Marketing Officer
Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.
08:03 EDTRADCVS offering drug plan with higher co-pay at stores selling tobacco, WSJ says
CVS Health (CVS), which stopped selling tobacco products last month, is now offering a prescription-drug plan via its pharmacy benefits unit Caremark that charges patients copayments that are up to $15 higher on prescriptions filled where tobacco is sold, which includes at rival pharmacies operated by Walgreen (WAG) and Rite-Aid (RAD), reported The Wall Street Journal. Reference Link
07:45 EDTMSFTMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:15 EDTINTCIntel may stop providing subsidies for mobile solutions, DigiTimes reports
Intel may stop providing subsidies for mobile device solutions to eliminate loses from the business, reports DigiTimes. According to sources from PC players, however, Intel is likely to continue offering subsidies to some of its larger clients, like Asustek Computer, through different methods in order to maintain orders. Reference Link
October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:09 EDTHPQ, MSFTIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:25 EDTHPQIBM CEO says company already has been aggressive on changing
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
16:55 EDTINTCStocks end volatile week lower amid oil price plunge
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11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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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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06:21 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
October 16, 2014
18:36 EDTINTCOn The Fly: After Hours Movers
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14:20 EDTINTCApple announces updated Mac mini, starting at $499
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14:20 EDTINTCApple introduces 27-inch iMac with Retina 5K display
Apple (AAPL) unveiled the 27-inch iMac with Retina 5K display, with 14.7M pixels. iMac with Retina 5K display has four times more pixels than the standard 27-inch iMac and 67% more pixels than a 4K display. iMac with Retina 5K comes with a 3.5 GHz quad-core Intel (INTC) Core i5 processor with Turbo Boost speeds up to 3.9 GHz. iMac with Retina 5K display begins shipping today with a 3.5 GHz quad-core Intel Core i5 with Turbo Boost speeds up to 3.9 GHz, AMD (AMD) Radeon R9 M290X graphics and a 1TB Fusion Drive for a suggested retail price of $2,499.
14:14 EDTINTCApple says new iMac uses Intel 3.5GHz quadcore i5 processor
07:21 EDTHPQHP split-up speaks to value of businesses, says Brean Capital
Brean Capital thinks the HP plan to split into two companies speaks to the inherent value of its businesses. The firm believes the split could be a beginning, with the next phase consisting of M&A activity. Brean Capital maintains its Buy rating and $45 price target on HP shares.
06:00 EDTMSFTMicrosoft says working with YouTube to reinstate content inadvertently removed
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October 15, 2014
14:10 EDTBYDPennsylvania reports September gaming revenue down 2.2% to $239.5M
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14:06 EDTBYDAtlantic City reports September gaming win down 12.8% to $209.4M
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14:01 EDTINTCIntel launches 'Intel Experience' exclusively in 50 Best Buy stores
Intel (INTC) has launched “The Intel Experience” exclusively in 50 Best Buy (BBY) retail stores nationwide. The hands-on experience zone gives everyone the opportunity to try, explore and play with the latest, cutting-edge technologies like 3-D printing, gaming meets augmented reality, and digital disc jockey remixing.
13:45 EDTINTCIntel recovery in PCs seems sustainable, says Argus
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12:36 EDTHPQOn The Fly: Midday Wrap
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11:02 EDTINTCIntel introduces transaction data protection technology in partnership with NCR
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10:02 EDTINTC, HPQOn The Fly: Analyst Downgrade Summary
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09:30 EDTINTCIntel reported good Q3 results, says Roth Capital
Roth Capital believes that Intel reported good Q3 results. The firm thinks the enterprise PC replacement cycle may last several quarters, while strength in high-margin datacenter server processors will also boost Intel. Target $38.
09:20 EDTHPQ, INTCOn The Fly: Pre-market Movers
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09:04 EDTMSFTMicrosoft partners with Docker for container applications
Microsoft and Docker Inc. announced a strategic partnership to provide Docker with support for new container technologies that will be delivered in a future release of Windows Server. Developers and organizations that want to create container applications using Docker will be able to use either Windows Server or Linux.
08:15 EDTHPQHP resumes buyback with EMC merger talks reportedly over
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08:08 EDTHPQHP up 1% to $32.60 after resuming buyback, reaffirming outlook
08:07 EDTHPQHP reaffirms outlook for FY14, FY15
HP reaffirms its FY14 estimate of non-GAAP EPS to be in the range of $3.70-$3.74, which excludes after-tax costs of approximately $1.10 per share, related primarily to restructuring charges and amortization of intangible assets. The consensus estimate is $3.73. For FY15, HP reaffirms its estimate of non-GAAP EPS to be in the range of $3.83-$4.03, which excludes after-tax costs of approximately 60c per share, related primarily to amortization of intangible assets and restructuring charges. The consensus estimate is $3.94. HP reaffirms its FY15 operating cash flow outlook of $10B-$10.5B, with free cash flow of $6.5B-$7B.
08:04 EDTHPQHP resumes share repurchase program under current authorization
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08:03 EDTHPQHP announces resumption of share buyback program
07:28 EDTYUMYum! Brands weakness creates buying opportunity, says UBS
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06:39 EDTMSFTChina's reponse to Xbox One 'chilly,' Business Insider reports
Sales of Microsoft's Xbox One in China began nearly two weeks ago, and signs indicate that the response has been "chilly," Business Insider reports. Reference Link
06:36 EDTINTCIntel downgraded to Underweight from Equal Weight at Morgan Stanley
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06:32 EDTHPQ, MSFTTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:14 EDTHPQHP, EMC halt merger agreement discussions, Reuters says
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October 14, 2014
18:20 EDTINTCOn The Fly: After Hours Movers
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17:51 EDTINTCIntel says 'remains on track' for 40M tablet goal for 2014
Expects to ship 40M-45M tablet chips in 2014. Says strategy for growth yielding results across a wide range of products. Says Q3 revenue was highest in company history. Says seeing robust growth across data center business. Says customers see normal/seasonal Q4 for consumer PC demand. Says mobile won't be profitable in 2015. Says Sofia product won't require contra revenue. Does not expect iPhone 6 to have any effect on notebook demand. Says current inventory is "very typical" heading into Q4. Comments from company's Q3 earnings conference call.
16:31 EDTINTCIntel CFO: China continues to be relatively weak
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16:09 EDTINTCIntel up approximately 3% following Q3 results
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16:06 EDTINTCIntel used $4.2B to repurchase 122M shares of stock in Q3
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16:06 EDTINTCIntel CEO says 'pleased by the progress the company is making'
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16:05 EDTINTCIntel sees FY14 CapEx $11B, plus or minus $500M
16:04 EDTINTCIntel reports Q3 PC Client Group revenue $9.2B, up 6% sequentially, up 9% YoY
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16:02 EDTINTCIntel reports Q3 gross margin 65%
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16:02 EDTINTCIntel sees Q4 revenue $14.7B, plus or minus $500M, consensus $14.49B
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16:01 EDTINTCIntel reports Q3 EPS 66c, consensus 65c
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15:29 EDTINTCNotable companies reporting after market close
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14:45 EDTINTCEarnings Preview: Intel to report after Microchip correction warning
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12:51 EDTYUMKFC to open first American restaurant in Myanmar next year, Nikkei reports
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12:31 EDTINTCIntel October 32.5 straddle priced for 6% move into Q3
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11:39 EDTINTCIntel technical comments ahead of earnings
The shares have outperformed the broader averages over the last three months. Removing today's bounce, the stock has been flat against the down performance of the averages. The trading pattern for the stock when viewed with a three-month window has been up sharply, sideways, and down sharply. That doesn't leave a great deal of room for trend interpretation other than traders being cautious into results. When we pull back to a 1-year view, the technical picture is strikingly different. Almost all of the gains in shares this year, up over 34% excluding today, has come since the early summer. That sharp rise then developed into a bearish rounding formation viewed on a closing basis. On an OHLC chart, the formation instead is an Island Top. That is, a bullish gap, the sideways move previously described, and a bearish gap from yesterday. That leaves the price action of the last several months isolated, an island, within the context of the longer term uptrend. Island Tops are usually considered extremely bearish on a technical basis, suggesting the up move has exhausted itself in a blow-off. If the news on earnings and outlook supports this bearish price interpretation, there could be significant downside risk. Levels to watch on the downside would be at $31.80, the bottom of the bullish gap from July, $30,03, and $28.10, the bottom of the bullish gap from June. A break below $28 might leave the shares back in the $24 to $26 range characteristic of the price action at the start of the year. If the news is positive, the first major resistance is at the 52-week high at $35.56 and then at $37.15.
11:21 EDTYUMDomino's Pizza rises after Q3 profits benefit from high cheese costs
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11:17 EDTYUMOptions with decreasing implied volatility
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10:10 EDTINTCChip makers rise following Skyworks positive preannouncement
Shares of a number of semiconductor makers are climbing after one of the companies in the sector, Skyworks (SWKS), preannounced stronger than expected results. WHAT'S NEW: Skyworks, which develops chips for cell phones, raised its fourth quarter earnings per share outlook to $1.08 from $1.00. Analysts' consensus estimate was $1.01. The chip maker increased its Q4 revenue guidance to $718M from $680M. Analysts' consensus estimate was $679.5M. "Skyworks’ upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” said Skyworks CEO David Aldrich. "These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future," the CEO added. WHAT'S NOTABLE: Skyworks' positive report comes less than a week after another semiconductor maker, Microchip (MCHP), preannounced lower than expected revenue and said it thought the sector had entered a correction. Semiconductor stocks have sold off sharply since Microchip's preannouncement and pessimistic comments. PRICE ACTION: In early trading, Skyworks surged 6.4% to $48.24, Intel (INTC) rose 1.5% to $31.94, NXP Semiconductors (NXPI) rose 1.2% to $54.55, STMicroelectronics (STM) advanced 2% to $6.82, and Avago Technologies (AVG) gained fractionally to $69.30.
09:37 EDTYUMDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
09:25 EDTMSFTMicrosoft may want to consider split, says BGC Financial
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07:47 EDTHPQHP awarded $50M Medicaid contract extension by Massachusetts
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07:24 EDTINTCIntel gains government ally in China with new deals, Reuters says
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06:46 EDTMSFTFirm indicates vulnerability in Microsoft Windows used by Russian hackers
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06:32 EDTMSFTMicrosoft says hit 1M registrants to test Windows 10 preview version
Microsoft says on its Windows blog that it hit 1M registrants for the Windows Insider Program to test the preview version of Windows 10. The company says it has received 200,000 items of user feedback. Reference Link
06:29 EDTINTCTSMC and rivals racing to pack computer power in each chip, WSJ says
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October 13, 2014
16:33 EDTMSFTMicrosoft and Salesforce.com unveil new joint solutions
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16:04 EDTMSFTSkullcandy announces two ASTRO headsets compatible with Xbox One
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13:10 EDTMSFTGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
12:01 EDTYUMOptions with decreasing implied volatility
Options with decreasing implied volatility: EXAS INFY YUM FDO HSY
11:46 EDTHPQHP nears six-month lows, levels to watch
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10:08 EDTRADOn The Fly: Analyst Initiation Summary
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09:23 EDTFTNT, HPQHP could buy lower valuation company, says Bernstein
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09:21 EDTHPQOn The Fly: Pre-market Movers
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09:09 EDTMSFTMicrosoft Q1 results likely to beat expectations, says Bernstein
Bernstein believes that Microsoft's cloud business continues to grow, and it expects adoption of the company's cloud products to accelerate this quarter. The firm reiterates a $56 price target and Outperform rating on the shares.
07:47 EDTRADRite Aid initiated with a Market Perform at Cowen
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07:15 EDTMSFTNational Association of Corporate Directors to hold a conference
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