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Stock Market & Financial Investment News

News Breaks
January 24, 2014
09:15 EDTADMP, KSU, GWW, FEYE, IGT, PTCT, ENDP, BDSI, XRX, SWK, ISRG, KMB, JNPR, SBUX, MSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Microsoft (MSFT), up 3.5%... Starbucks (SBUX), up 1.2%... Juniper (JNPR), up 5.4%... Kimberly Clark (KMB), up 2%... Stanley Black & Decker (SWK), up 1%. ALSO HIGHER: BioDelivery (BDSI), up 43% after announcing positive top-line results from BEMA Phase III trial with Endo (ENDP) unit... Adamis (ADMP), up 6% after receiving Notice of Allowance of patent claims for immunotherapy portfolio. DOWN AFTER EARNINGS: International Game (IGT), down 11%... Intuitive Surgical (ISRG), down 5.5%... Xerox (XRX), down 2.6%... W.W. Grainger (GWW). down 4.5%... Kansas City Southern (KSU), down 8%. ALSO LOWER: PTC Therapeutics (PTCT), down 18% after announcing EMA adopted negative opinion on MAA for Atuluren approval... FireEye (FEYE), down 2.4% following downgrade at Barclays.
News For MSFT;SBUX;JNPR;KMB;ISRG;SWK;XRX;BDSI;ENDP;PTCT;IGT;FEYE;GWW;KSU;ADMP From The Last 14 Days
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October 7, 2014
07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
05:18 EDTFEYEFireEye, SingTel announce strategic partnership in Asia Pacific
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October 6, 2014
12:22 EDTFEYEFireEye risk/reward compelling, says UBS
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11:56 EDTFEYEFireEye fundamentals solid, expect Q3 beat, says UBS
UBS believes FireEye's valuation is compelling and views concerns as overblown. The analyst believes FireEye is poised for an increase in business activity and checks indicate a few multimillion dollar new and repeat orders. UBS expects strong 2H results and reiterates its Buy rating and $40 price target.
11:56 EDTFEYEStocks with call strike movement; FEYE MBLY
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11:25 EDTISRGIntuitive Surgical volatility increases on rally after Goldman upgrades
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11:17 EDTISRGIntuitive Surgical climbs after Goldman ups to Buy
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11:15 EDTFEYEFireEye volatility increases as shares pullback
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11:10 EDTFEYEFireEye trades lower, levels to watch
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11:02 EDTXRXHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
10:41 EDTISRGIntuitive Surgical rises, levels to watch
At time of writing the shares were up over 3.9% to $493.83, well down from the session high at $505.74 which is resistance. At current price support is at the session low at $489.32, the opening price of the day. Goldman earlier upgraded the shares to a Buy, with a $584 price target.
10:14 EDTGWWHigh option volume stocks
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10:04 EDTPTCTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
10:04 EDTISRGOn The Fly: Analyst Upgrade Summary
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09:39 EDTBDSIUSPTO institutes review brought by MonoSol against claims in BioDelivery patent
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08:22 EDTPTCTPTC Therapeutics downgraded to Market Perform at Cowen
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06:59 EDTPTCTPTC Therapeutics downgraded to Market Perform from Outperform at Cowen
06:27 EDTFEYEJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
06:21 EDTMSFTMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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05:22 EDTISRGIntuitive Surgical upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Intuitive Surgical (ISRG) to Buy citing an improving hospital spending environment and long-term uptake of surgery procedures in the U.S. The firm raised its price target for shares to $584 from $466. Shares of the robotic surgery maker closed Friday at $475.21.
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