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Stock Market & Financial Investment News

News Breaks
January 24, 2014
13:28 EDTIGT, JNPR, BDSI, PG, KSU, MSFTOn The Fly: Midday Wrap
The Wall Street averages were all lower at midday for a third straight session, with the Dow again registering a triple-digit loss despite post-earnings advances from Microsoft (MSFT) and Procter & Gamble (PG). The U.S. market began the session deeply in negative territory, taking its lead from emerging markets, which took a beating overnight. The market seemed to have found a level early on, but the selling momentum eventually increased, pushing the Dow down about 200 points near noon. The long awaited correction appears to be occurring after the market put in one of its best yearly performances ever in 2013. 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: After last night's close, Microsoft reported earnings and revenue that surpassed the consensus forecast of analysts. Helping to power its performance were increased sales of its Surface tablet, strong holiday season sales of its Xbox game systems and the company "[continuing] to take share" from competitors as customers transition to the cloud. Shares of the tech giant gained about 3%... Fellow Dow component Procter & Gamble was vying with Microsoft to be the top gainer on the blue-chip index with its own post-earnings advance of nearly 3%. The consumer goods maker reported sales that were just a hair below expectations and profits that narrowly exceeded the consensus forecast. MAJOR MOVERS: Among the notable gainers was Juniper Networks (JNPR), which rallied 7% after the company reported better than expected results, announced the pending release of a new operational plan and activist investor Jana Partners backed Elliot Managementís recent plan to unlock shareholder value at the company. Also higher was BioDelivery Sciences (BDSI), which surged 33% 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), which fell over 13% after the railroad operator reported weaker than expected results. Also lower were shares of International Game Technology (IGT), which fell nearly 13% after its results disappointed and the company said that the lower end of its previously announced guidance range is more likely, with potential further downside risk. INDEXES: Near midday, the Dow was down 200.08, or 1.24%, to 15,997.27, the Nasdaq was down 66.08, or 1.57%, to 4,152.80, and the S&P 500 was down 24.30, or 1.33%, to 1,804.16.
News For MSFT;PG;JNPR;KSU;BDSI;IGT From The Last 14 Days
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November 20, 2014
06:28 EDTMSFTBillboard 200 chart to include on-demand streaming in rankings
The Billboard 200 albums chart will premiere its biggest upgrade in more than 23 years, transforming from a pure sales-based ranking to one measuring multi-metric consumption. Beginning with the top 10 revealed on Wednesday, Dec. 3, on Billboard.com, the chart, which currently tracks the top 200 albums of the week by sales alone, will be the first to include on-demand streaming and digital track sales -- as measured by Nielsen Entertainment (NLSN) -- by way of a new algorithm. It is the most substantial methodology update since May 1991, when Billboard first used Nielsen's point-of-sale data -- SoundScan -- to measure album sales. The updated Billboard 200 will utilize accepted industry benchmarks for digital and streaming data, equating 10 digital track sales from an album to one equivalent album sale, and 1,500 song streams from an album to one equivalent album sale. All of the major on-demand audio subscription services are considered, including Spotify, Beats Music (AAPL), Google Play (GOOG) and Xbox Music (MSFT). Reference Link
November 19, 2014
11:14 EDTKSUCowen airfreight/surface & rail analysts hold analyst/industry conference call
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10:34 EDTIGTOptions with increasing implied volatility
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07:40 EDTMSFT, JNPRUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
07:38 EDTMSFTMicrosoft U.S. suit against Samsung over royalties can proceed, Reuters reports
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07:19 EDTMSFTServer replacement seen coming as Microsoft ends 2003 support, DigiTimes says
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07:09 EDTBDSIJefferies to hold a conference
2014 Global London Healthcare Conference is being held in London, England on November 19-20.
06:31 EDTMSFTISS recommends invsetors vote against Microsoft CEO pay package, WSJ says
Institutional Shareholder Services, a proxy advisory firm, is recommending shareholders vote against the pay package for Microsoft CEO Satya Nadella in a nonbinding vote at the software companyís December annual meeting, The Wall Street Journal reports. ISS criticized a "mega" grant of restricted stock to Nadella, which the firm values at $65M, and said iti s "concerning" that Microsoft plans to grant Nadella additional shares annually. Reference Link
November 18, 2014
12:49 EDTMSFTMicrosoft, Real Madrid announce alliance
Real Madrid C.F. and Microsoft have signed a landmark agreement accelerating the digital transformation of the club through technology. This alliance, through which Microsoft becomes the strategic technological partner of Real Madrid, will revolutionize the experience enjoyed by members and supporters of the club by providing digital services that are accessible anywhere, anytime and on a host of devices.
06:46 EDTMSFTMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
06:10 EDTMSFTMicrosoft, Real Madrid to announce 'significant' partnership, Re/code reports
Microsoft is expected to today announce a "significant" tie-up with Real Madrid, a Spanish soccer team, Re/code reports. The partnership is likely to be a technology and sponsorship deal. Reference Link
05:49 EDTMSFTStocks with implied volatility movement; MSFT UNG
Stocks with implied volatility movement; Microsoft (MSFT) 19, United States Natural Gas Fund (UNG) 57 according to iVolatility.
November 17, 2014
12:02 EDTMSFTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
10:02 EDTPGOn The Fly: Analyst Downgrade Summary
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06:39 EDTPGProcter & Gamble downgraded to Hold from Buy at Canaccord
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06:23 EDTMSFTFacebook working on 'Facebook at Work' website, FT reports
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November 14, 2014
16:26 EDTPGNasdaq clear leader as major averages end week higher
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09:38 EDTMSFTActive equity options trading
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09:18 EDTMSFTTyler Technologies signs contract with Ohio Police and Fire Pension Fund
Tyler Technologies (TYL) has signed a contract with the Ohio Police and Fire Pension Fund to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes related professional services, licensing, training and support.
09:05 EDTMSFTNPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
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