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Stock Market & Financial Investment News

News Breaks
April 11, 2013
12:23 EDTPANW, ACAD, HPQ, FIRE, RAD, MSFT, FTNT, INTCOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after initial jobless claims pulled back to fall below the 350K level. The Nasdaq was the weakest of the major averages, as declines in some of its most notable members, including Microsoft (MSFT) and Intel (INTC), weighed on the index... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 42K from the prior week to 346K, versus an expectation for them to decline more modestly to 360K. Import prices declined 0.5% in March compared to the prior month, which was in-line with expectations, while export prices fell 0.4%, versus expectations for a 0.1% gain... COMPANY NEWS: Shares of a number of big-name tech companies were weaker after research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. IDC estimated PC sales fell 14%, while Gartner said they'd fallen 11% from the prior year. Microsoft, which was also downgraded by at least three firms, declined 5%, while Hewlett-Packard (HPQ) fell over 6% and Intel slid more than 2%... MAJOR MOVERS: Among the notable gainers was ACADIA Pharmaceuticals (ACAD), which surged 50% after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate and its shares were upgraded at Piper Jaffray. Also higher was Rite Aid (RAD), which gained 19% after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), which declined 15% after reporting weaker than expected first quarter results. Fortinet's report also weighed on several of its Internet security peers, with Sourcefire (FIRE) sliding 2% to $53 and Palo Alto (PANW) down 1%... INDICES: Near noon, the Dow was up 49.04, or 0.33%, to 14,851.28; the Nasdaq was up 0.70, or 0.02%, to 3,297.95; and the S&P 500 was up 5.14, or 0.32%, to 1,592.87.
News For MSFT;HPQ;INTC;RAD;ACAD;FTNT;FIRE;PANW From The Last 14 Days
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January 15, 2015
07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:55 EDTHPQHP removed from short-term buy list at Deutsche Bank
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06:27 EDTMSFT, INTCIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
14:27 EDTRADRite Aid says still has 'very solid' script volume trends
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14:18 EDTRADRite Aid sees FY15 net income $342.5M, consensus 34c
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11:23 EDTINTCIntel lower after report says Apple may displace chips in Macs
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11:01 EDTINTCAnalyst says Apple may replace Intel chips in Macs, AppleInsider reports
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08:18 EDTINTCIntel Q4 revenue likely to be at high end of guidance range, says Pacific Crest
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07:46 EDTINTCIntel January volatility elevated into Q4 and outlook
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06:29 EDTINTCCompanies reach new deal on worker hiring issue, Reuters says
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06:16 EDTINTCIntel to expand 2-in-1 reference design to 12.5-inch display, DigiTimes says
Intel has expanded its $349-$399 2-in-1 devices' reference design to cover 12.5-inch display products, reports DigiTimes. Citing sources from notebook makers, the expansion will likely heat up competition in the 12-inch IT product segment. Reference Link
06:14 EDTHPQ, MSFTMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
14:44 EDTACADACADIA says Nuplazid NDA submission planned for 1Q15
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12:48 EDTHPQOn The Fly: Midday Wrap
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11:57 EDTHPQ, INTC, MSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
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08:22 EDTINTCIntel should meet or beat sales guidance midpoint, says Wells Fargo
Wells Fargo thinks that Intel should be able to meet, or beat, the midpoint of its Q4 guidance for 1% sequential sales growth. The firm believes the results could set a positive tone for computer related chips, with strong growth in data centers and a continuing recovery in PC growth. Wells keeps an Outperform rating on Intel.
07:47 EDTPANWUBS to hold investor trip
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06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
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