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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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December 19, 2014
11:54 EDTMSFTRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
10:19 EDTRADOptions with decreasing implied volatility
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09:28 EDTPIROn The Fly: Pre-market Movers
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07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
18:22 EDTPIROn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 9.3%... Pier 1 Imports (PIR), up 8%... NQ Mobile (NQ), up 9.3%... Cintas (CTAS), up 6.3%. ALSO HIGHER: Aratana Therapeutics (PETX), up 25.9% after candidate for dog osteoarthritis shows positive results... Ally Financial (ALLY), up 5% after announcing that it will exit the Troubled Asset Relief Program. DOWN AFTER EARNINGS: Nike (NKE), down 2.7%. ALSO LOWER: American Apparel (APP), down 2.8% after New York Post reports on takeover bid.
16:52 EDTPIRPier 1 Imports trades higher after results, levels to watch
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16:30 EDTPIRPier 1 Imports up 4% following Q3 results, guidance
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16:09 EDTPIRPier 1 Imports backs FY15 EPS view 95c-$1.05, consensus 98c
Backs FY15 comparable sales growth view of mid- to high-single disits. Backs FY15 gross profit view as 40.5%-41.5% of sales.
16:08 EDTPIRPier 1 Imports reports Q3 EPS 20c, consensus 20c
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16:06 EDTMSFTNetSuite names Fred Studer Chief Marketing Officer
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15:21 EDTPIRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Nike (NIKE), consensus 70c; Red Hat (RHT), consensus 40c; Cintas (CTAS), consensus 78c; Pier 1 Imports (PIR), consensus 20c; AAR Corp. (AIR), consensus 37c.
11:49 EDTMSFTOracle soars to 52-week high after Q2 results beat estimates
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11:34 EDTMSFTMicrosoft to sell MixRadio service to LINE, terms not disclosed
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11:04 EDTRADOptions with decreasing implied volatility
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10:41 EDTRAD, PIRHigh option volume stocks
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10:19 EDTFTNTSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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09:35 EDTRADActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
09:21 EDTRADOn The Fly: Pre-market Movers
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07:04 EDTRADRite Aid raises FY15 EPS view to 31c-37c, consensus 31c
Raises FY15 revenue view to $26.25B-$26.4B, consensus $26.43B. Raises FY15 SSS view to up 3.75%-4.25% over FY14. Previous FY15 EPS view was 22c-33c, FY15 revenue view was $26B-$26.3B. Sees FY15 adjusted EBITDA $1.275B-$1.305B, CapEx $525M.
07:02 EDTRADRite Aid reports Q3 EPS 10c, consensus 5c
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06:50 EDTMSFTGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:36 EDTMSFTMicrosoft may be planning head-worn gaming device for 2015, DigiTimes reports
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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06:01 EDTRADStocks with implied volatility above IV index mean; CX RAD
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December 17, 2014
15:18 EDTRADNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.20; ConAgra (CAG), consensus 61c; Rite Aid (RAD), consensus 5c; Sanderson Farms (SAFM), consensus $4.01; Actuant (ATU), consensus 42c.
10:42 EDTMSFTDigital River spikes after renewing agreement with Microsoft
Digital River (DRIV) shares are sharply higher this morning after the company agreed to extend the terms of its distribution agreement with Microsoft (MSFT). WHAT'S NEW: Digital River this morning disclosed in a filing that it has agreed to extend the term of its Operations Digital Distribution Agreement with Microsoft to March 31, 2017. Additionally, Microsoft can extend the expiration date for up to four separate six month renewal terms, according to Digital River. Earlier this month, Digital River shares declined up to 24% after disclosing that the company granted Microsoft an extension to December 19 from December 1 as the deadline by which Microsoft was required to provide notice to the company of its decision as to whether it would choose to extend the expiration date of the agreement. WHAT'S NOTABLE: Digital River also announced this morning that the Federal Trade Commission informed the company on December 5 that it granted early termination of the Hart-Scott-Rodino Act waiting period for the company's acquisition by an investor group led by Siris Capital for $26 per share in cash, or about $840M. The "go-shop" period expired on December 7, and Digital River did not receive a competing proposal. Digital River says the merger is expected to close in the first quarter of 2015. PRICE ACTION: Digital River shares are up $7.58, or 45%, to $24.44 in morning trading.
10:14 EDTHPQ, MSFTHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
09:18 EDTMSFTTyler Tech signs contract with Buffalo and Ford Erie Public Bridge Authority
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09:16 EDTMSFTDigital River renews pact with Microsoft
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08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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06:44 EDTMSFTGoogle opponents lobbying state attorneys general, NY Times says
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06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
09:59 EDTMSFTOn The Fly: Analyst Downgrade Summary
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09:59 EDTRADOn The Fly: Analyst Upgrade Summary
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08:03 EDTAMRSAmyris renewable jet fuel receives regulatory approval in Brazil
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07:37 EDTMSFTMicrosoft downgraded at BofA/Merrill
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06:28 EDTRADRite Aid upgraded to Buy from Neutral at UBS
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06:05 EDTMSFTMicrosoft downgraded to Underperform from Neutral at BofA/Merrill
December 15, 2014
11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
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11:09 EDTMSFTSkype app to enable real-time voice translation, The Verge says
A new app from Microsoft's Skype enables voice calls in English or Spanish to be translated to the other language in real time, according to The Verge. The app will be available as a preview starting today, The Verge added. Reference Link
10:05 EDTHPQHP participates in a conference call with Oppenheimer
Oppenheimer hosts Antonio Neri, Senior Vice President & General Manager-Enterprise Group, who discusses HP convergence, servers and networking on a conference call to be held on December 15 at 11 am.
06:06 EDTMSFTFacebook stops including results from Bing on site, Reuters reports
A Facebook (FB) spokesperson has confirmed that the company has stopped including results from Microsoft’s (MSFT) Bing search engine on its site as it has revamped its own search offerings, Reuters reported on Friday. Facebook recently introduced a tool that allows users to quickly find past comments and other information posted by their friends on the social networking site. The spokesperson comments that "We continue to have a great partnership with Microsoft in lots of different areas." Reference Link
December 12, 2014
16:33 EDTYUMStocks finish week lower amid steep decline in oil prices
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14:04 EDTBYDAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. 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).
10:01 EDTMSFTOn The Fly: Analyst Initiation Summary
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08:45 EDTPIRPier 1 Imports volatility elevated into Q3 and outlook
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08:24 EDTMSFTMicrosoft price target raised to $57 from $53 at FBR Capital
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07:27 EDTYUMYum! Brands KFC guidance looks conservative, says Bernstein
After attending Yum's Investor Day, Bernstein thinks the company's 2015 KFC EBIT guidance is conservative, barring another scandal. The firm believes that the company's Global Brands has strong momentum outside of China, as it expects Pizza hut to rebound in 2015. Bernstein would have liked to see Yum! take more steps to lower its risk, but the firm keeps an Outperform rating on the shares.
07:12 EDTHPQHP reinstated with a Buy at BofA/Merrill
Target $47.
07:06 EDTYUMYum! Brands has multiple long-term opportunities, says RBC Capital
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06:37 EDTMSFTMicrosoft initiated with an Overweight at Piper Jaffray
Piper Jaffray started shares of Microsoft with an Overweight rating saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. The stock closed yesterday up 27c to $47.17.
December 11, 2014
19:34 EDTMSFTMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
16:20 EDTMSFTMicrosoft to now accept bitcoin
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13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
12:39 EDTYUMYum! Brands spikes as dealReporter says it may be a 3G Capital target
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12:34 EDTPIRRestoration Hardware hits 52-week high after beating Q3 estimates
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11:26 EDTYUMYum! Brands spikes as dealReporter says it may be a 3G Capital target
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11:26 EDTYUMYum! higher after dealReporter highlights National Post story
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11:23 EDTYUMYum! Brands calls active on activist chatter report
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10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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09:49 EDTYUMYum! Brands: Taco Bell 'making good progress' on becoming $14B brand by 2022
09:35 EDTYUMYum! Brands says it needs more innovation to appease the millennials generation
09:09 EDTYUMYum! Brands expects December sales to be 'significantly better'
Expects China division to return to growth. Says the turnaround in China to be the company's number 1 priority. Expects $2B system sales in China with at least $600M profit. Does not believe the issues company faces is not a structural issue, but an issue in China which it expects to turnaround. Comments taken from Yum! Brands Investor & Analyst Conference.
08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
16:44 EDTYUMOn The Fly: Closing Wrap
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13:06 EDTYUMAnalysts divided on Yum! following preannouncement
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12:24 EDTYUMOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
10:52 EDTYUMYum! Brands trades off session lows, levels to watch
The stock was last down 4% to $72.20, off the earlier low at $71 which is now support. At current price next resistance would be at $72.93, the session high.
10:00 EDTYUMOn The Fly: Analyst Downgrade Summary
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09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
08:27 EDTYUMYum! Brands valuation still attractive, says Bernstein
After Yum! negatively preannounced China sales and issued FY15 EPS guidance, Bernstein thinks the company's FY15 guidance is "appropriately conservative." The firm expects the company;'s China results to accelerate in 2H15, and adds that the company will likely face added pressure to unlock value if the pace of its China recovery is slower than expected. The firm keeps an Outperform rating on the shares.
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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07:56 EDTYUM, YUMYum! Brands downgraded to Outperform from Buy at CLSA
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07:46 EDTYUMYum! Brands shares defended at Stifel
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07:39 EDTYUMYum! Brands now a 'show me' story, says UBS
UBS noted Yum! Brands revised its forward guidance and was disappointed as it undermined the confidence in the pace of the China recovery. The firm feels the guidance could be conservative, but said Yum! Brands is now a "show me" story with less benefit of the doubt offered ahead of a demonstrated recovery. UBS reiterated its Buy rating and $85 price target on Yum! Brands shares.
07:05 EDTYUMYum! Brands guidance could be conservative, says RBC Capital
After Yum! preannounced lower than expected China sales, RBC Capital was surprised by the news, but thinks the company's outlook for at least 10% EPS growth in 2015 could be conservative. The firm trimmed its price target on the name to $82 from $85 but keeps an Outperform rating on the shares.
06:43 EDTYUMYum! Brands to allow Chinese consumers to tour KFC kitchens, Reuters reports
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December 9, 2014
18:21 EDTYUMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Korn/Ferry (KFY), up 3.1%... Analogic (ALOG), up 2.7%. DOWN AFTER EARNINGS: Freshpet (FRPT), down 8.5% after reporting quarterly results... Krispy Kreme (KKD), down 4.9%... Broadcom (BRCM), reverses to down just below 1%. ALSO LOWER: Agios Pharmaceuticals (AGIO), down 1.9% after filing to sell $175M of common stock... Yum! Brands (YUM), down 4.6% after providing fiscal 2015 operating guidance.
16:27 EDTYUMYum! Brands down over 3% following FY14, FY15 guidance
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16:24 EDTYUMYum! Brands sees FY14 mid-single-digit adjusted EPS growth, consensus $3.24
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16:22 EDTYUMYum! Brands CEO says 'firmly committed to double-digit EPS growth in 2015'
Greg Creed, CEO effective January 1, 2015, said, “We are firmly committed to returning to double-digit EPS growth in 2015, delivering at least 10% growth with the potential to do significantly better. We fully expect to bounce-back in China and benefit from tremendous sales leverage as sales rebound. We have solid plans to drive same-store sales growth and margin improvement in China, while continuing to open new restaurants with confidence in the world’s fastest-growing economy. Further, sustained momentum at our KFC and Taco Bell Divisions, and the recent relaunch of our Pizza Hut U.S. business are also expected to contribute to our double-digit EPS growth. Our brands are the global leaders in their respective categories, and we expect to build on this strength with breakthrough product innovation, insight-driven marketing and digital leadership in the years ahead. Overall, we expect to open over 2,100 new international restaurants next year, further strengthening our lead in emerging markets. We remain focused on the three keys to driving shareholder value: same-store sales growth, new-unit development and generating high returns on invested capital. I’m confident we’ll deliver full-year EPS growth of at least 10% in 2015 and produce consistent double-digit EPS growth over the long term.”
16:20 EDTYUMYum! Brands provides FY15 operating guidance
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16:18 EDTYUMYum! Brands sees FY14 China division SSS negative mid-single digits
The company said, "As previously reported, China Division sales were significantly impacted by adverse publicity in July regarding improper food handling practices by a former supplier. Sales continue to recover, but at a slower pace than expected. We estimate China Division full-year same-store sales will be negative mid-single digits. With this assumption, we now estimate mid-single-digit full-year EPS growth, excluding Special Items." FY14 EPS consensus $3.24.
16:16 EDTYUMYum! Brands sees FY15 EPS growth at least 10%, consensus $3.78
Yum! expects to deliver at least 10% EPS growth in 2015, excluding Special Items.
10:07 EDTFTNTFortinet may receive buyout from Wipro, says AsianSweeper
Fortinet (FTNT) may receive a buyout from Wipro (WIT), AsianSweeper says. Wipro is looking to strengthen the market share in security solutions and Fortinet, the current revenue leader in unified threat management is a perfect fit, as two companies already have existing synergies in certain areas. Reference Link
06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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09:13 EDTYUMYum! Brands to host analyst and investor meeting
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07:59 EDTZUMZZumiez weakness a buying opportunity, says Brean Capital
Brean Capital said the weakness in Zumiez is a buying opportunity, as the company's authentic and differentiated merchandise assortment has been instrumental in creating strong brand loyalty, leading to higher productivity levels than its peers. Brean Capital reiterates its Buy rating and $40 price target on Zumiez shares.
07:28 EDTFTNT, HPQFBN Securities to hold a bus tour
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06:46 EDTYUMYum! Brands coverage resumed with a Sell at Goldman
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link
December 5, 2014
16:52 EDTMSFTDow just below 18K as market finishes week with gains
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13:23 EDTZUMZZumiez pullback a buying opportunity, says Brean Capital
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07:46 EDTMSFTCIO survey results favorable for Microsoft, says Pacific Crest
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