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News For MSFT;INTC;AAPL From The Last 14 Days
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November 25, 2015
14:57 EDTAAPLApple to launch OLED iPhones by 2018, Nikkei says
Apple (AAPL) plans to use so-called organic light-emitting diode displays, or OLED, in its iPhones beginning in 2018, reports the Nikkei. The company has notified suppliers, with LG Display (LPL) already starting to plan for capacity upgrades, according to the report. The publication contends that securing enough screens to meet global demand for iPhones will "likely" be difficult, leading Apple to potentially offer OLED iPhones alongside standard LCD models. Reference Link
12:58 EDTMSFTShares of HP companies diverge following last combined report
Shares of the two newly created public companies from the Hewlett-Packard split diverged after reporting quarterly results. WHAT'S NEW: Shares of HP Inc (HPQ), which focuses on personal computers and printers, fell, while shares of its counterpart Hewlett Packard Enterprise (HPE), which sells equipment, services, and software to businesses, rose after reporting fourth quarter results after the close on Tuesday. This was their last report as a combined company. HP INC: HP Inc reported Q4 earnings per share of 93c, below average analyst estimates of 96c on revenue of $25.7B, also below analyst estimates of $26.6B. Looking ahead, HP Inc forecast its first quarter profit to be 33c to 38c per share, well below the average analyst estimate of 42c per share. Personal Systems revenue was down 14% in the quarter, as consumers turned away from personal computers and rely more on mobile devices. The company also reported that Q4 printing revenue was down 14%. On the Q4 conference call, the CEO of the newly created HP Inc, Dion Weisler said that Q4 was a "difficult" quarter and "somewhat weaker than we expected." Weisler anticipates the PC market to remain "challenged." The printing division also saw accelerated revenue declines in the quarter with currency movements that have accelerated pricing pressures more than the company anticipated. HEWLETT PACKARD ENTERPRISE: Hewlett Packard Enterprise, or HPE, reported Q4 revenue of 14.1B, above the average analyst view of $13.5B. This is the second consecutive quarter of year-over-year, constant currency revenue growth for the Hewlett Packard Enterprise segments. HPE also reaffirmed its fiscal year 2016 profit forecast of $1.85-$1.95 a share. Meg Whitman, president and CEO of Hewlett Packard Enterprise, said "Hewlett Packard Enterprise is off to a very strong start. The new company's business segments delivered a second consecutive quarter of constant currency revenue growth in Q4, and we believe that momentum will accelerate into FY16." ANALYST VIEWS: UBS analyst Steven Milunovich, who reiterated the firms Buy rating and $18.50 price target on HPE, noted that investors may be encouraged that HPE reiterated its FY16 EPS view. The analyst said improving fundamentals make HP Enterprise's stock more attractive. The firm said the company is positioned for more improvements and expects solid near-term results to lift the stock. Another analyst, Richard Kugele of Needham, who maintained a Hold rating on HPE, said the firms opinion remains unchanged on shares. Needham is focused on the storage and server opportunity for HPE. The firm sees the server segment to show slight growth in FY16 but expects the storage situation to be more complicated with a possibility of pricing war breaking out in All Flash Array, or AFA. As far as the Cloud segment, Needham is more optimistic about the company's consulting arrangement with Microsoft's (MSFT) Azure than it is with Cloud directly. As far as HP Inc, Needham analyst David Rold downgraded the shares to Hold from Buy saying further share upside will require "real improvement in the underlying business." Some of the valuation argument has played out, while the Printing market has turned sharply lower over the past three months, Rold tells investors in a post-earnings research note. He believes "incremental pressures" will limit the stock's upside. PRICE ACTION: Shares of HP Inc are down over 13% to $12.73, while Hewlett Packard Enterprise shares are higher by over 2% to $13.99.
09:36 EDTAAPLActive equity options trading on open: AAPL TSLA TGT TSN FB
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09:31 EDTAAPLSupply chain talks point to Q1 iPhone units of 75M-80M, says Cleveland Research
Cleveland Research said its recent talks with members of Apple's supply chain suggest iPhone units in the December quarter are still tracking for year-over-year growth, with units trending in the 75M-80M range. Talks still suggest a softening in the March quarter, the research firm added. Cleveland Research keeps a Neutral rating on Apple shares.
09:18 EDTMSFTHP Enterprise announces Azure cloud partnership with Microsoft
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November 24, 2015
16:00 EDTINTC, AAPL, MSFTOptions Update; November 24, 2015
iPath S&P 500 VIX Short-Term Futures up 13c to 19.04, Option volume leaders: AAPL FB NFLX BAC PFE AMZN CHK TWTR GE SUNE DE AGN AAL MSFT INTC X BABA A
09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC DIS NFLX X YNDX GILD PANW SUNW
05:56 EDTMSFTMicrosoft shares workforce numbers in global diversity report
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05:43 EDTAAPLApple to launch Apple Pay in China by February, WSJ reports
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November 23, 2015
16:12 EDTAAPLApple survey sends positive sign on upgrade frequency, says Piper Jaffray
Piper Jaffray analyst Gene Munster said the firm's survey of 236 U.S. iPhone 6S users showed that that 31% of them expect to upgrade their iPhone every 18 months or sooner and that 18.5% plan to do so every 12 months or sooner. Munster views the data as an early positive sign that U.S. carriers' shift to an installment-based model is allowing users to upgrade more frequently and he foresees the average iPhone upgrade cycle shrinking to 15 months from the 22 month average seen today. The analyst keeps an Overweight rating and $179 price target on Apple shares.
16:02 EDTAAPLOptions Update; November 23, 2015
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10:18 EDTMSFTGameStop plunges on weaker than expected Q3 earnings
Shares of GameStop (GME) are plunging in morning trading after the company reported downbeat third quarter earnings on lower new software and hardware sales and delays in store openings. The company also provided guidance for the fourth quarter and reiterated its outlook for fiscal year 2015. WHAT'S NEW: Before the market open, GameStop reported Q3 adjusted earnings per share of 54c on revenue of $2.02B, below analysts' consensus estimates of 59c and $2.14B, respectively. GameStop added that global same-store sales for the quarter were down 1.1% year over year, with SSS down 1.7% in the United States and up 0.3% internationally. The company said foreign currency negatively impacted EPS by 2c and sales by about $100M and noted that it recorded $1.6M of one-time charges as a result of non-recurring acquisition-related costs. GameStop said new hardware sales declined 20.4%, while new software sales were down 9.3%; pre-owned sales were up 0.6%, the company said. Commenting on the quarter, Chief Executive Officer Paul Raines said that the company's results fell to the low end of its guidance range -- 53c-60c for EPS on SSS up 1% to up 4% -- due to "lower than expected new software and hardware sales and delays in Technology Brands store openings." The company provided an outlook for the fourth quarter, forecasting EPS of $2.12-$2.32, below analysts' estimates of $2.37, and SSS ranging from down 1% to up 6%. Despite the disappointing Q3 earnings and weak Q4 guidance, GameStop affirmed its FY15 EPS view of $3.66-$3.86 and added that it expects full year same store sales to grow 2%-6%. WHAT'S NOTABLE: Prior to the retailer's Q3 earnings report, Steven Russolillo of the Wall Street Journal's Ahead of the tape said that GameStop was "running out of lives" since it has experienced an increasingly challenging video game retail environment due to a rising number of shoppers buying games digitally. Russolillo noted that GameStop's resale business is still profitable and may pare losses somewhat. In addition, NPD Group reported earlier this month a 3% year over year decline in game software retail sales in the U.S. in October. The loss came even despite the major launch of Microsoft's (MSFT) flagship title "Halo 5: Guardians." STREET RESEARCH: Piper Jaffray analyst Michael J. Olson said that GameStop is "clearly" seeing an impact from increasing digital software sales, but that the firm expects digital expansion to ease during the holiday quarter. Olson added that the video game industry is currently in the "renewed growth phase" and that he expects trends in the sector to be strong heading into 2016. The analyst maintained an Overweight rating and $57 price target on the company's stock. PRICE ACTION: In morning trading, GameStop slipped 13.93% to $33.89. The company will hold its earnings conference call at 11am. OTHERS TO WATCH: Video game makers are also lower this morning. Shares of Electronic Arts (EA) are down 2.26%, Take Two Interactive (TTWO) is down 0.84% and Activision Blizzard is down 1.55%.
09:39 EDTMSFT, AAPLActive equity options trading on open
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08:58 EDTMSFTMicrosoft price target raised to $65 from $55 at Pacific Crest
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07:18 EDTMSFTMicrosoft price target raised to $60 from $56 at UBS
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06:30 EDTMSFTGameStop sees challenge around growing number of digital shoppers, WSJ says
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November 20, 2015
18:05 EDTINTCIntel names Dr. Venkata Renduchintala as President of newly created IoT group
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17:06 EDTAAPLJury says Apple did not infringe antipiracy patents of Pendrell unit
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16:02 EDTAAPL, INTCOptions Update; November 20, 2015
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11:13 EDTINTCIntel, semi equipment stocks rise following chip giant's guidance
Intel (INTC) is climbing after the chip maker said at its analyst day meeting yesterday that it expects its revenue to grow by a mid-single digit percentage in fiscal 2016, up from a decline of 1% this year. On the heels of yesterday's meeting, research firm JMP Securities upgraded its rating on the stock to Outperform, saying that the company's margins and revenue are poised to climb next year. WHAT'S NEW: After conducting checks at a trade show and investor event, JMP Securities analyst Alex Gauna wrote that Intel's outlook in the cloud has improved, while its execution risk has dropped. Discussing Intel's outlook in the server chip market, Gauna wrote that the tech giant "has made significant strides" with its Xeon, Xeon Phi and Atom chips, even as rival ARM-based servers are growing more slowly than expected. Moreover, Intel is benefiting from the strong performance of its 2-in-1 notebooks, data center offerings, and enterprise PCs, Gauna reported. He believes that the chip maker's earnings are bottoming, while its revenue and margins are poised to rebound next year. Gauna raised his fiscal 2016 earnings per share estimate for the company to $2.45 from $2.10. Analysts' consensus estimate is $2.35. Gauna set a $45 price target on Intel. WHAT'S NOTABLE: Noting that Intel had predicted that its capital spending would jump 37% in 2016, KeyBanc said that this news is positive for semiconductor equipment stocks. According to the firm, Applied Materials (AMAT), Lam Research (LRCX) and Nanometrics (NANO) all have high exposure to Intel. It recommended that investors buy those stocks. PRICE ACTION: In late morning trading, Intel advanced 2% to $35, while Applied Materials rose fractionally, Lam Research gained 0.8%, Nanometrics added 1.7% and Rudolph Technologies (RTEC) jumped 4%.
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