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Stock Market & Financial Investment News

News Breaks
April 11, 2013
16:26 EDTPANW, RAD, HLF, MSFT, FIRE, BIOL, HPQ, FTNT, ACAD, INTCOn The Fly: Closing Wrap
Stocks on Wall Street were higher after initial jobless claims fell. The averages rose fairly steadily in the early hours of the session, though the initial rally stalled and the averages were range bound for much of the second half of the trading day. The Nasdaq was the laggard among the averages, as it was weighed down by declines in tech bellwethers Microsoft (MSFT) and Intel (INTC)... 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 IDC and Gartner both estimated that PC sales declined by double-digits in the first three months of the year. Microsoft, which was also downgraded by at least three firms, lost $1.35, or 4.44%, to $28.93, Intel slid 43c, or 1.95%, to $21.83 and Hewlett-Packard (HPQ) fell $1.44, or 6.45%, to $20.88... Herbalife (HLF) shares gained $1.08, or 2.9%, to $38.28 after the SEC and Department of Justice filed complaints against ex-KPMG partner Scott London for allegedly helping a friend trade on non-public information in that stock. The DOJ's complaint made reference to conversations in which London acknowledged rumors of Herbalife going private and activist investor Bill Ackman's short position on shares... MAJOR MOVERS: Among the notable gainers following FDA actions were ACADIA Pharmaceuticals (ACAD), up $5.13, or 64.37%, to $13.10 after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate, and BIOLASE (BIOL), up 59c, or 13.26%, to $5.04 after the FDA cleared its EPIC 10S soft tissue diode laser for use a surgical instrument. Also higher was Rite Aid (RAD), up 33c, or 18.44%, to $2.12 after its earnings and guidance beat expectations. Among the noteworthy losers was Fortinet (FTNT), down $2.85, or 13.04%, to $19.00 after reporting weaker than expected first quarter results. Several of its Internet security peers also lost ground, including Sourcefire (FIRE), down 86c, or 1.58%, to $53.58, and Palo Alto (PANW) down 55c, or 1.01%, to $54.16... INDICES: The Dow was up 62.90, or 0.42%, to 14,865.14; the Nasdaq was up 2.91, or 0.09%, to 3,300.16; and the S&P 500 was up 5.64, or 0.36%, to 1,593.37.
News For MSFT;INTC;HPQ;HLF;ACAD;BIOL;RAD;FTNT;FIRE;PANW From The Last 14 Days
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January 14, 2015
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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05:55 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
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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, MSFT, INTCHP 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.
06:01 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 115, Yahoo (YHOO) 52 according to iVolatility.
January 12, 2015
16:50 EDTHPQGartner says worldwide PC shipments in Q4 grew 1%
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08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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07:35 EDTINTCNational Retail Federation to hold a trade show
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07:01 EDTINTCIntel January volatility elevated into Q4 and outlook
Intel January call option implied volatility is at 47, February is at 28, April is at 27; compared to its 26-week average of 23 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on January 15.
06:44 EDTINTCIntel shares could trade higher near-term, says Citigroup
Citigroup says shares of Intel (INTC) could move higher over the near-term given the high short interest in the name and likely above guidance earnings results. Citi says its channel checks indicate the PC market remains stable and that Intel continues to gain share from AMD (AMD). The firm keeps a Neutral rating on Intel, however, pointing out its 2015 estimates remain below consensus.
06:12 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 114, Yahoo (YHOO) 50 according to iVolatility.
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