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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:28 EDTPSMI, JCP, FURX, KORS, TTWO, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, bouncing back after yesterday's sell-off, which was one of the worst in quite some time. Yesterday's decline came on the heels of a dismal January, during which the market put in its worst monthly performance since May 2012. The major averages are higher across the board, but have not regained even half of what was lost yesterday. ECONOMIC EVENTS: In the U.S., factory orders dropped 1.5% in December, versus expectations for a 1.8% decline. COMPANY NEWS: As had been predicted in various technology blogs in recent days, Microsoft (MSFT) promoted the head of its Cloud and Enterprise group, Satya Nadella, to take over as Chief Executive Officer for the departing Steve Ballmer. Bill Gates, one of the company's founders and formerly its chairman of the board, will assume a new role as Technology Advisor and will devote more time to the company, with lead independent director for the board John Thompson taking over as chairman... Shares of J.C. Penney (JCP) briefly rallied after the company reported its comparable store sales grew 3.1% during the Holiday period, but reversed and moved into negative ground shortly after the opening bell. Deutsche Bank said it believes investors were expecting a positive low-single digit gain in same-store sales and it does not view today's press release as material to the J.C. Penney story, while Sterne Agee cut its price target on the retailer's shares to $3 from $9. J.C. Penney shares declined over 9% near midday following the sales update. MAJOR MOVERS: Among the notable gainers was luxury goods maker Michael Kors (KORS), which soared 18% higher after the company's third quarter results soundly beat analysts' expectations. Also higher was Furiex Pharmaceuticals (FURX), whose shares more than doubled after the company’s two Phase III trials evaluating its drug for the treatment of diarrhea-predominant irritable bowel syndrome met both the FDA and the European Medicines Agency formally agreed-upon primary endpoints. Among the noteworthy losers was Peregrine Semiconducter (PSMI), which fell 17% after reporting a steeper than expected quarterly loss and being downgraded at Needham and JPMorgan. Also lower following an earnings report that prompted multiple downgrades was Take-Two Interactive (TTWO), which fell 9% despite reporting earnings that beat expectations and raising its profit outlook for the year. Wedbush downgraded Take-Two to Neutral from Outperform due to lack of visibility and said investors should be cautious about the product pipeline, while Benchmark Co. lowered its rating on the stock to Hold. INDEXES: Near midday, the Dow was up 101.96, or 0.66%, to 15,474.76, the Nasdaq was up 42.93, or 1.07%, to 4,039.89, and the S&P 500 was up 15.33, or 0.88%, to 1,757.22.
News For MSFT;KORS;JCP;TTWO;FURX;PSMI From The Last 14 Days
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April 8, 2014
06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:28 EDTJCPStocks with implied volatility below IV index mean; SWY JCP
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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April 4, 2014
11:31 EDTJCPStocks with call strike movement; JCP TWTR
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11:21 EDTMSFTCourt reverses parts of lower court ruling in DataTern suit with Microsoft, SAP
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07:43 EDTMSFTBaidu market leading search share in China rose in March, Marbridge Daily says
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07:28 EDTMSFTNew America Foundation to hold a forum
The New America Foundation holds a forum, "Implementing the PCAST Spectrum Sharing Report" with President Obama's Deputy CTO for Telecom Policy, Jason Furman, VP Medin of Google and Craig Mundie of Microsoft in Washington, D.C. on April 4 at 2 pm. Webcast Link
06:07 EDTJCPStocks with implied volatility below IV index mean; JCP PLUG
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April 3, 2014
18:08 EDTMSFTMicrosoft options look like moneymakers, Barron's reports
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11:55 EDTJCPStocks with call strike movement; JCP TWTR
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10:00 EDTPSMIOn The Fly: Analyst Initiation Summary
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09:30 EDTMSFTApple, Pfizer others create 'go slow' patent lobby group, Reuters says
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08:26 EDTPSMIPeregrine initiated with a Neutral at Chardan
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06:13 EDTMSFTMicrosoft to stop charging fee for Windows for some smartphones, WSJ reports
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