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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:18 EDTMLM, JNPR, KSU, TXI, MSFT, BDSI, HLFOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower for the second straight session, with the averages accelerating their losses in the final minutes of trade to close at their lows. The Dow logged its worst one-day loss since the summer, while each of the S&P 500 and Nasdaq lost more than 2%. For the week, the Dow lost more than 3%, the S&P 500 lost more than 2.8%, and the Nasdaq lost more than 1%. ECONOMIC EVENTS: In the U.S., little economic data of note was reported. In Europe, Fitch affirmed Germany's AAA sovereign credit rating with a stable outlook. In Argentina, the government said it would loosen its strict foreign exchange controls a day after it abandoned a long-standing policy of supporting the peso. The change in policy announced yesterday had resulted in an 11% drop in the Argentinian peso against the dollar, marking the currency's steepest plunge since 2002. In addition to Argentina's currency issues, the Turkish lira, the South African rand and the Russian ruble all hit new, multi-year lows. COMPANY NEWS: Microsoft (MSFT) gained 76c, or 2.52%, to $36.96 after last night reporting earnings and revenue that surpassed consensus forecasts, aided by increased sales of its Surface tablet and strong holiday season sales of its Xbox gaming consoles. The tech giant, however, provided no update on the progress of its CEO search, which it has said it expects to complete in the first half of this year... IT infrastructure provider Juniper Networks (JNPR) gained $1.71, or 6.57%, to $27.72 after reporting better than expected results, announcing the pending release of a new operational plan, and activist investor JANA Partners backed Elliot Management's recent plans to unlock shareholder value at the company. MAJOR MOVERS: Among the notable gainers was Texas Industries (TXI), up $6.37, or 9.27%, to $75.06 after a report from Bloomberg said Martin Marietta Materials (MLM) is in talks to acquire the company. Also higher was BioDelivery Sciences (BDSI), up $3.16, or 50.56%, to $9.39 after announcing top-line results from of a study of a drug it is developing for the treatment of moderate to severe chronic pain in certain patients. Among the noteworthy losers was Kansas City Southern (KSU), down $17.79, or 15.17%, to $99.49 after the railroad operator reported weaker than expected results. Also lower was Herbalife (HLF), down another $5.56, or 8.89%, to $60.06 after losing more than 10% yesterday, with the New York Post today reporting that the company is being targeted as a pyramid scheme in the Chinese media. Year-to-date, Herbalife is among the market's worst performing stocks, down more than 22%. INDEXES: The Dow was down 318.24, or 1.96%, to 15.879.11; the S&P 500 was down 38.17, or 2.09%, to 1,790.29; the Nasdaq was down 90.70, or 2.15%, to 4,128.17.
News For MSFT;JNPR;HLF;TXI;MLM;BDSI;KSU From The Last 14 Days
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April 20, 2015
15:37 EDTKSUNotable companies reporting before tomorrow's open
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05:51 EDTMSFTEU calls for 'level playing field' in telecoms market, Financial Times reports
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April 19, 2015
16:51 EDTMSFTFireEye labs detected limited APT campaign
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April 17, 2015
13:39 EDTMSFTElectronic Arts says Star Wars Battlefront begins shipping November 17
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12:39 EDTMSFTMicrosoft weekly volatility elevated into Q3 and outlook
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11:20 EDTMSFTGoogle deal possible after Yahoo amends search pact with Microsoft, analyst says
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10:19 EDTMSFTAnalyst says AMD driving close to cliff after Q1 miss
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07:15 EDTMSFTYahoo search deal with Google could add $10/share, says Jefferies
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06:33 EDTMSFTChina suspends new bank technology policy, NY Times reports
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April 16, 2015
11:54 EDTMSFTYahoo gets more flexibility with new Microsoft agreement, says Cantor
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11:22 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
Juniper April weekly call option implied volatility is at 49, May is at 35, July is at 25, October is at 24; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 of April 23.
09:01 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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09:00 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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06:08 EDTMSFTMicrosoft counceled EC in Google antitrust probe, NY Post says
Microsoft (MSFT) "complained a lot" and "definitely counseled" the European Commission in its antitrust investigation of Google (GOOG), reports the New York Post, citing a source with direct knowledge of the situation. Reference Link
April 15, 2015
08:02 EDTHLFHerbalife members to meet with members of Congress
Today, 19 independent members from global nutrition company, Herbalife will be in Washington, D.C. to educate their congressional representatives about Herbalife and how their lives have been improved since becoming involved with Herbalife. The members are visiting Washington, D.C. from California, Illinois, Louisiana, North Carolina, Maryland, South Dakota, and Tennessee. The members are in DC to talk about Herbalife’s science-based nutrition products and the benefits they’ve received from using the products. Additionally, the members will speak with congressional offices about the income-generating opportunities that are available to Herbalife members through hard work and continued dedication.
07:46 EDTJNPREricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
April 14, 2015
11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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