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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
Check below for free stories on MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR the last two weeks.
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April 21, 2014
12:01 EDTMSFTMicrosoft, Motorola sign licensing agreement
Microsoft (MSFT) announced a patent licensing agreement with Motorola Solution (MSI). The license provides worldwide coverage under Microsoft's patent portfolio for Motorola Solutions' devices running the Android platform and Chrome OS operating system.
10:07 EDTMSFTNokia sees sale of Devices & Services business to Microsoft closing on April 25
Nokia (NOK) announced that it expects the transaction whereby the company will sell substantially all of its Devices & Services business to Microsoft (MSFT) to close on April 25. The transaction is now subject only to certain customary closing conditions. The transaction was originally announced on September 3, 2013.
10:01 EDTYUMOn The Fly: Analyst Downgrade Summary
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07:43 EDTINTCSMART Technologies announces share structure changes after board resignations
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07:16 EDTMSFTElectronic Arts' Titanfall leads March game software sales, Joystiq reports
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06:48 EDTMSFTMicrosoft faces internal & external conflicts in three segments, DigiTimes says
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06:44 EDTYUMCompetitors gaining ground on McDonald's breakfast market, WSJ says
McDonald's (MCD) faces increased competition from Yum Brands' (YUM) new Taco Bell breakfast menu as well as Burger King (BKW), Dunkin' Brands (DD), Starbucks (SBUX), and White Castle's renewed efforts to gain ground in the breakfast market, reports the Wall Street Journal. Reference Link
06:26 EDTINTCCourt documents say Silicon Valley giants discussed hiring, WSJ says
Google (GOOG), Apple (AAPL), Intel (INTC) and Adobe (ADBE had colluded with one another to supress wages between 2005 and 2009, reports the Wall Street Journal, citing documents from an antitrust case. The companies had agreed not to poach each other's employees among other things. The companies had also tried to bring Facebook (FB) on board, but Facebook rejected the offer. Reference Link
05:38 EDTYUMYum! Brands downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Yum! Brands to Neutral citing valuation as it believes shares are already pricing in a China recovery through FY15. The firm raised its price target for shares to $80 from $77.
April 17, 2014
18:48 EDTMSFTMicrosoft sold 311,000 Xbox One units in March
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18:27 EDTINTCAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
12:01 EDTINTCTSMC climbs after profit beats expectations
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April 16, 2014
10:51 EDTINTCOptions with decreasing implied volatility: DLLR FAST INTC
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10:45 EDTRADOptions with decreasing implied volatility: BBBY INFY RAD FDO
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10:00 EDTINTCOn The Fly: Analyst Downgrade Summary
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08:20 EDTINTCIntel results, guidance were good, says Wells Fargo
Wells Fargo says that Intel's gross margin for its March quarter beat expectations, while the company guided for sequential revenue growth for its June quarter. The firm thinks the company is making some headway in penetrating the tablet market, and keeps an Outperform rating on the shares.
08:10 EDTAMRSAmyris biorefinery successfully restarts industrial production in Brazil
Amyris announced its industrial fermentation plant, located in the town of Brotas in southeastern Brazil, has successfully resumed industrial production following a planned maintenance period. As announced in December 2013, the company took advantage of the inter-harvest sugarcane season to make improvements to the Brotas plant to prepare for 2014 production of patchouli in addition to Biofene, Amyris' brand of renewable farnesene. The plant improvements were completed on time and under budget prior to the start of the sugarcane harvest season. The Brotas plant has resumed production of farnesene and is operating as planned.
07:46 EDTMSFTMicrosoft announces new products, CEO describes vision for 'data culture'
In a blog post from yesterday entitled "A data culture for everyone," Microsoft CEO Satya Nadella laid out his vision for the way his company can help other corporations develop a "data culture" and provided highlights of the company's launch of SQL Server 2014, Analytics Platform System, and Azure Intelligent Systems Service. In the blog, Nadella states, "We believe that with the right tools, insights can come from anyone, anywhere, at any time...We are all experiencing the explosion of data driven by ubiquitous computing. We all crave easier and faster ways to turn that data into fuel for insight, and to realize the potential of ambient intelligence for every individual and every organization. Today marks a big step toward, and we’re going to keep moving quickly." Reference Link
07:43 EDTPIRPier 1 Imports management to meet with Deutsche Bank
Meeting to be held in New York on April 16 hosted by Deutsche Bank.
07:43 EDTINTCIntel price target raised to $35 from $32 at Jefferies
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07:30 EDTMSFTVMware, Citrix may be threatened as OpenStack momentum builds, WSJ says
OpenStack supporters say the open-source operating system can bring the ease of use and agility offered by cloud-service vendors, while using a company's own server systems, and if it continues to be adopted OpenStack could pose a threat to companies to offer data center software and services including VMware (VMW), Citrix Systems (CTXS), Amazon.com (AMZN), Microsoft (MSFT) and others, said The Wall Street Journal. Reference Link
07:07 EDTMSFT, HPQAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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06:06 EDTINTCIntel price target raised to $30 from $28 at Deutsche Bank
Deutsche Bank raised its price target for Intel shares to $30 citing the company's "solid" Q1 results. The firm views Intel's second half guidance as conservative and keeps a Buy rating on the stock.
05:43 EDTINTCIntel downgraded to Neutral from Buy at B. Riley
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April 15, 2014
18:58 EDTINTCOn The Fly: After Hours Movers
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18:48 EDTINTCIntel CFO says plans to capitalize on the Internet of Things
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17:51 EDTINTCIntel says 'squarely on track' to ship 40M tablet SOC's in 2014
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16:30 EDTINTCIntel CFO sees gross margins 'in low 60's' in back half of 2014
Says making investments in mobile space. Says companies are buying new PC's to replace older installed base. Intel CFO Stacy Smith is speaking on CNBC.
16:15 EDTINTCIntel reports Q1 PC Client Group revenue $7.9B, down 8% sequentially
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16:09 EDTINTCIntel rises to new 52-week high after results, first look
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16:07 EDTINTCIntel CEO says saw solid growth in the data center in Q1
"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."
16:06 EDTINTCIntel sees Q2 gross margin 63%, plus or minus a couple of percentage points
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16:05 EDTINTCIntel sees FY14 revenue approximately flat, consensus $53.15B
Sees FY14 gross margin 61%, plus or minus a few percentage points. Sees FY14 CapEx $11B, plus or minus $500M.
16:04 EDTINTCIntel reports Q1 gross margin 59.7%
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16:03 EDTINTCIntel sees Q2 revenue $13B, plus or minus $500M, consensus $12.96B
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16:02 EDTINTCIntel reports Q1 EPS 38c, consensus 37c
Reports Q1 revenue $12.8B, consensus $12.81B.
15:53 EDTMSFTFord's new My Touch with BlackBerry software slated for year end, WSJ says
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15:19 EDTINTCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 37c; Yahoo (YHOO), consensus 37c; CSX (CSX), consensus 37c; Linear Technology (LLTC), consensus 48c; Wintrust Financial (WTFC), consensus 67c.
15:10 EDTINTCIntel April 26 straddle priced for 4% move into Q1
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14:25 EDTINTCIntel April option elevated into Q1 and outlook
Intel April call option implied volatility is at 41, May is at 21, June and October is at 19; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the release of Q1 results today after the market close.
13:49 EDTINTCEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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10:18 EDTRADOptions with decreasing implied volatility: BBBY INFY STZ RAD
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10:00 EDTPIROn The Fly: Analyst Upgrade Summary
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08:07 EDTMSFT21Vianet announces general availability of Microsoft Office 365 in China
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05:33 EDTPIRPier 1 Imports upgraded to Overweight from Equalweight at Barclays
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April 14, 2014
14:58 EDTBYDBoyd Gaming says Borgata/party.poker kept NJ online gambling lead in March
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14:06 EDTBYDNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
10:58 EDTRADOptions with decreasing implied volatility: BBBY FDO STZ RAD
10:02 EDTMSFTOn The Fly: Analyst Downgrade Summary
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07:23 EDTYUMJapan sees first bird flu outbreak since 2011, Mainichi reports
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06:52 EDTRADRite Aid price target raised to $9 from $7 at Deutsche Bank
Deutsche Bank raised its price target for Rite Aid shares to $9 from $7 citing the company's strong Q4 results and outlook. The firm believes Rite Aide is transitioning from a turnaround to growth story and it keeps a Buy rating on the stock.
06:11 EDTINTCIntel works with HzO to enhance water resistance in products, DigiTimes says
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06:04 EDTINTCIntel promoting pricing strategy for tablet CPUs in China, DigiTimes reports
Intel is aggressively promoting a pricing strategy to increase sales of its tablet-use processors in China, reports DigiTimes. According to industry sources, prices of mainstream quad-core tablet CPUs have dropped to below $5 and the number of Intel-based tablets is likely to expand in proportion. Reference Link
05:36 EDTMSFTMicrosoft downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded its rating on Microsoft (MSFT) to Hold from Buy citing valuation and concerns over the closing of the Nokia unit acquisition. The firm has a $42 price target for shares.
April 11, 2014
19:02 EDTACADACADIA names CEO Hacksell principal financial, accounting officer
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12:42 EDTINTCOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
09:37 EDTRADActive equity options trading on open
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08:03 EDTPIRPier 1 Imports valuation attractive after weak Q4 results, says Argus
After Pier 1 reported roughly in-line Q4 results, Argus thinks the results were "dismal," but finds the stock's valuation attractive. The firm thinks the company's comparable sales were healthy, and keeps a Buy rating on the shares.
07:29 EDTFTNTNetwork security Q1 survey shows 'respectable' demand, says Jefferies
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07:18 EDTINTCJefferies a buyer of Intel shares ahead of Q1 results
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April 10, 2014
16:39 EDTRADOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower as selling pressure took hold early in the session and did not relent. The averages closed near their worst levels, with the tech-heavy Nasdaq down more than 3%. With today's close, each of the major indexes is now lower for the year. ECONOMIC EVENTS: In the U.S., initial claims for unemployment benefits fell to 300K last week, hitting their lowest weekly level since May 2007. The the timing of Easter and Passover, as well as other seasonal factors, however, may have lead many to discount the figure. Export prices rose 0.8% in March, while import prices grew 0.6%, both of which were greater than expected advances. In China, exports fell 6.6% from a year earlier in March, while imports plunged 11.3%. Economists had predicted year-over-year gains for both. COMPANY NEWS: eBay (EBAY) and activist investor Carl Icahn settled their proxy contest, with Icahn withdrawing both his two board nominees and his proposal for eBay to spin off its PayPal unit. As part of its agreement with Icahn, eBay will expand the number of independent directors on its board to 10 and add David Dorman to serve in that capacity. The online retail marketplace was among the many tech names suffering losses, closing the session down $1.81, or 3.24%, at $54.08... Ally Financial (ALLY), formerly the auto finance and financial services arm of General Motors (GM), lost $1.02, or 4.08%, to close at $23.98 in its first day of trade following its return to the public markets after having price its return offering at $25.00 per share... General Motors made news again as well by confirming that two of its engineers have been placed on paid leave as part of the company's ongoing ignition switch recall probe. The company also added ignition lock cylinders to its safety recall of 2.2 million vehicles in the U.S. and said it expects to take a $1.3B charge in the first quarter due to recall-related repairs... MAJOR MOVERS: Among the notable gainers was drugstore operator Rite Aid (RAD), which rose 54c, or 8.44%, to $6.94 after reporting earnings and revenue and that beat expectations and giving a revenue outlook for its fiscal 2015 that came in above estimates. Also higher following a better than expected earnings report was casual restaurant owner Ruby Tuesday (RT), which advanced 72c, or 12.08%, to $6.68. Among the noteworthy losers was data security solutions provider Imperva (IMPV), down $21.73, or 43.7%, to $28.00 which plunged 41% after the company slashed its first quarter profit and sales outlook. Another name in computer security, FireEye (FEYE), was among a a number of so-called "momentum" stocks that fell during the session, sliding $6.64, or 11.77%, to $49.75. Other momentum stocks that fell included 3D Systems (DDD), down $5.90, or 10.79%, to $48.78, and Yelp (YELP), down $7.78, or 10.92%, to $63.47. INDEXES: The Dow was down 266.96, or 1.62%, to 16,170.22, the Nasdaq was down 129.79, or 3.1%, to 4,054.11, and the S&P 500 was down 39.10, or 2.09%, to 1,833.08.
16:20 EDTINTCIntel initiated with a Neutral at ISI Group
Target $26.
16:00 EDTRADOptions Update; April 10, 2014
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14:44 EDTRADRite Aid trades at multi-year highs, levels to watch
The shares gapped up today and have remained in a tight range, last up over 10% to $7.05. At that price, next resistance is at the session high at $7.39 and then at $7.53. Support is at $6.95.
12:25 EDTRADOn The Fly: Midday Wrap
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12:00 EDTRADRite Aid rises 10.3%
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11:47 EDTPIRBed Bath & Beyond approaches 52-week low after profit forecast disappoints
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11:40 EDTPIRPier 1 Imports says sees ecommerce business "at least doubling" this year
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11:23 EDTRADRite Aid hits 52-week high after results, sales view top estimates
Shares of retail drugstore Rite Aid (RAD) are rallying after the company's fourth quarter results and fiscal 2015 revenue outlook topped analysts' consensus estimates. WHAT'S NEW: This morning, Rite Aid reported fourth quarter adjusted earnings per share of 10c and revenue of $6.6B, compared to expectations of 4c and $6.54B, respectively. Q4 same store sales increased 2.1%. Rite Aid forecast FY15 EPS of 31c-42c, compared to the consensus of 35c. FY15 revenue was seen at $26B-$26.5B, ahead of the consensus $25.75B. FY15 same-store sales are expected by the company to be up 2.5%-4.5%. WHAT'S NOTABLE: Rite Aid also announced it has acquired RediClinic, which currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Rite Aid CEO John Standley said, “Our recent acquisitions of Health Dialog and RediClinic, our expanded partnership with McKesson and our continued commitment to investing in our store base have positioned us to transition our strategy from turnaround to growth as we more aggressively pursue opportunities to become a growing retail healthcare company.” PRICE ACTION: In late morning trading, Rite Aid rose 71c, or about 11%, to $7.11 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $7.39. Including today's advance, the stock is up approximately 300% over the past twelve months. OTHERS TO WATCH: Other retail drugstore operators include Walgreen Company (WAG) and CVS Caremark (CVS).
10:42 EDTZUMZZumiez pops after same store sales, upgrade
The stock is up over 5% at time of writing to $26.29 following same store sales reported after the close yesterday and an upgrade to Buy at DA Davidson. The current price action, a gap up in price this morning and a "line" across the chart today in a narrow range suggests a short-squeeze may be in progress. Over 8.5% of the float was short as of the last available report. Resistance is at $27.29. Support is at $25.64.
10:00 EDTHPQOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
10:00 EDTZUMZOn The Fly: Analyst Upgrade Summary
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10:00 EDTRADRite Aid rises 11.2%
Rite Aid is up 11.2%, or 72c, to $7.12
09:56 EDTHPQHP rallies after Gartner/IDC PC shipment data, levels to watch
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09:37 EDTRADActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
09:21 EDTRAD, HPQ, PIROn The Fly: Pre-market Movers
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09:00 EDTRADRite Aid rises 11.2%
Rite Aid is up 11.2%, or 72c, to $7.12
08:44 EDTMSFTCLSA technology analysts hold an analyst/industry conference call
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08:01 EDTHPQPC market decline 'much less' than feared, says Citigroup
Citigroup says data yesterday from IDC showing a Q1 PC unit decline of 4% was "much less than feared." Citi continues to view HP (HPQ) as its top IT Hardware stock. It has a Buy rating on HP with a $40 price target.
08:00 EDTMSFTSony PS4 grants Hirai profit potential as risk decreases, Bloomberg says
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07:47 EDTZUMZZumiez upgraded to Buy from Neutral at DA Davidson
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07:06 EDTRADRite Aid sees FY15 EPS 31c-42c, consensus 35c
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07:05 EDTRADRite Aid reports Q4 EPS 10c ex-items, consensus 4c
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06:56 EDTHPQHP estimates raised above consensus at Morgan Stanley
Morgan Stanley raised Overweight rated HP FY15-16 estimates above consensus to reflect a margin recovery in Enterprise Services. The firm's FY15 EPS estimate goes to $4.05 vs. consensus of $3.84 and price target is raised to $36 from $34.
06:55 EDTHPQHP initiated with a Buy at Deutsche Bank
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06:35 EDTRADRite Aid acquires RediClinic, details not disclosed
Rite Aid announced it has acquired Houston-based RediClinic. RediClinic currently operates 30 clinics in the greater Houston, Austin and San Antonio areas. Through the acquisition, RediClinic will operate as a wholly owned subsidiary of Rite Aid. Details of the transaction were not disclosed.
06:23 EDTMSFT, HPQIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero – in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.
06:14 EDTMSFTMicrosoft may release server orders to Taiwan ODMs, DigiTimes reports
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06:13 EDTINTCIntel to launch Haswell Refresh CPUs, 9-series chipsets in May, DigiTimes says
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06:06 EDTPIRPier 1 Imports sees sales per retail per square foot of $225 in 2016
The company sees operating margins of approximately 11%-11.5% by end of FY16. This compares to previous expectations for sales per retail square foot of $225 and operating margins of 12% by end of 2015. The company remains on track to achieve e-commerce sales representing at least 10% of total sales by the end of FY16.
06:04 EDTPIRPier 1 Imports sees FY15 EPS $1.16-$1.24, consensus $1.23
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06:03 EDTPIRPier 1 Imports reports Q4 EPS 41c, consensus 41c
Reports Q4 revenue $515.8M, consensus $512.76M
06:03 EDTPIRPier 1 Imports board authorizes new $200M stock repurchase program
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April 9, 2014
19:01 EDTFTNTOn The Fly: After Hours Movers
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17:49 EDTFTNTImperva plummets after lowering Q1 EPS and revenue outlook
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17:32 EDTFTNTImperva Q1 miss likely to weigh on Security sector, says Wells Fargo
Wells Fargo believes the magnitude of Imperva's (IMPV) Q1 miss will weigh on the Cyber Security industry since expectations for the group were relatively high going into Q1 earnings. Names in the space include Check Point (CHKP), Fortinet (FTNT), FireEye (FEYE), Palo Alto (PANW) and Symantec (SYMC). Wells notes, however, that it sees little direct fundamental implications for other names in the group as Imperva's issues were likely more company specific. Wells has Outperform ratings on Check Point, FireEye, Palo Alto and Fortinet.
17:26 EDTMSFT, HPQGartner says worldwide PC shipments in Q1 fell 1.7%
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16:02 EDTZUMZZumiez reports March SSS down 2.9%
Zumiez announced that total net sales for the five-week period ended April 5 increased 4.3% to $63.6M. The company's comparable store sales decreased 2.9% for the five-week period.
15:19 EDTPIR, RADNotable companies reporting before tomorrow's open
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13:23 EDTMSFTEnd of Windows XP support could spur adoption of Chinese OS, WantChinaTimes says
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13:01 EDTMSFTMicrosoft continues Windows XP support for select customers, Re/code reports
For most customers, support for Windows XP ended yesterday. However, for select customers and governments, Microsoft is providing paid custom support, Re/code reports. Reference Link
12:20 EDTHPQHP announces $108M settlement with DOJ and SEC
HP announced a resolution of a U.S. Department of Justice and U.S. SEC investigation of potential violations of the Foreign Corrupt Practices Act. HP will pay approximately $108M to these two U.S. government agencies. HP also has agreed to undertake certain compliance, reporting and cooperation obligations.
12:19 EDTMSFTMicrosoft volatility increases into Q3 and outlook
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10:33 EDTBYDBofA/Merrill's gaming analysts hold an analyst/industry conference call
Gaming Analysts provide an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies LVS, WYNN, MGM, PENN, PNK, CZR, BYD and IGT may be discussed on the Analyst/Industry conference call to be held on April 15 at 10:30 am.
07:00 EDTINTCBofA, Intel fire 3K workers, leaving Costa Rica shocked, Bloomberg says
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06:48 EDTHPQSienkiewicz says HP to acknowledge 'corrupt' activities in Poland, Reuters says
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06:20 EDTINTCIntel plans 1,500 job cuts in Cosa Rica, WSJ reports
Intel is planning to lay off about 1,500 employees in Costa Rica, the Wall Street Journal reports. The company will move longtime assembly and test operations in the country to three locations in Asia. The latest job cuts reduce Intel's workforce by about 1.4%. Reference Link
05:58 EDTHPQHP implied volatility of 27 at lower end of index mean range
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April 8, 2014
13:27 EDTMSFTGoogle, Citrix to collaborate on Chromebooks
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12:12 EDTMSFTOn The Fly: Midday Wrap
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11:55 EDTMSFTNokia advances after securing Chinese approval for Microsoft deal
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09:09 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
08:08 EDTINTCCost to Apple, Google, Intel, of 'no-poaching' deal may be high, DealBook says
Some of the of the biggest names in tech, including Apple (AAPL), Google (GOOG), Intel (INTC)and Adobe (ADBE), are at the center of a class-action suit that seeks $9B as compensation for employees who contend the tech giants colluded to prevent their employees from being hired at rivals, reported The New York Times' DealBook. Reference Link
07:54 EDTYUMYum! Brands testing new Super Chix concept, AdAge reports
Yum Brands will start testing Super Chix, a new concept restaurant, AdAge reports. This week, Super Chix will launch in Arlington, Texas, with a limited menu including chicken sandwiches, chicken tenders, fries, salads and custards. A spokesperson for Yum says the concept "may in the future be considered for international purposes." Reference Link
07:35 EDTACADNeedham to hold a conference
Life Sciences Conference is being held in New York on April 8-9.
07:28 EDTFTNTSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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10:00 EDTINTCOn The Fly: Analyst Upgrade Summary
Agios Pharmaceuticals (AGIO) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank... Align Technology (ALGN) upgraded to Outperform from Market Perform at Barrington... Analog Devices (ADI) upgraded to Neutral from Sell at Goldman... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Citigroup (C) upgraded to Neutral from Underweight at HSBC... Intel (INTC) upgraded to Outperform from Sector Perform at Pacific Crest... JetBlue (JBLU) upgraded to Neutral from Sell at Goldman... Kindred Healthcare (KND) upgraded to Outperform from Sector Perform at RBC Capital... Lennox (LII) upgraded to Outperform from Market Perform at Wells Fargo... Newmont Mining (NEM) upgraded to Hold from Sell at Deutsche Bank... PBF Energy (PBF) upgraded to Buy from Neutral at Citigroup... Renasant (RNST) upgraded to Outperform from Market Perform at Raymond James... Select Medical (SEM) upgraded to Outperform from Sector Perform at RBC Capital... Ultra Petroleum (UPL) upgraded to Outperform from Market Perform at Raymond James... Under Armour (UA) upgraded to Buy from Neutral at Sterne Agee... Hercules Technology (HTGC) upgraded to Buy from Hold at Sandler ONeill... Standard Pacific (SPF) upgraded to Outperform from Market Perform at Raymond James... Yelp (YELP) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Outperform from Perform at Oppenheimer... Pandora (P) upgraded to Outperform from Neutral at Wedbush.
09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
08:42 EDTFTNTFortinet recommended ahead of earnings at Nomura
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06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:39 EDTHPQTwo HP executives arrested in Pakistan, WSJ reports
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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05:55 EDTINTCIntel upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded its rating on Intel (INTC) shares to Outperform with a $31 price target citing improving corporate PC demand and expectations the company's Grantley server platform will drive spending at traditional IT customers in 2015. Shares of Intel closed Friday down 25c to $26.16.
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