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Stock Market & Financial Investment News

News Breaks
May 30, 2014
10:49 EDTMSFT, MSGMSG jumps after Clippers fetch $2B, Rangers make NHL finals
Shares of Madison Square Garden (MSG) are climbing after former Microsoft (MSFT) CEO Steve Ballmer reportedly agreed to buy the Los Angeles Clippers, a National Basketball Association franchise, for $2B and the New York Rangers made the finals of the National Hockey League playoffs. Madison Square Garden owns the Rangers and another NBA franchise, the New York Knicks. WHAT'S NEW: Ballmer has agreed to buy the Los Angeles Clippers for $2B, numerous media outlets reported today. Meanwhile, the New York Rangers last night beat the Montreal Canadiens 1-0 to advance to the NHL's Stanley Cup Finals for the first time in 20 years. ANALYST REACTION: In a note to investors earlier today, research firm Albert Fried wrote that the Rangers' success is important because it enhances Madison Square Garden's reputation. MSG Executive Chairman James Dolan has been a scapegoat for poor performances by the Knicks over the years, but the Rangers' run shows that a team controlled by Dolan can do well, Albert Fried wrote. The Rangers' success may enhance the Knicks' recruitment efforts, added Albert Fried. Meanwhile, the Knicks are inherently worth 40%-50% more than the Clippers, according to the firm. Furthermore, MSG owns numerous other assets in addition to the Knicks and Rangers, and MSG's stock is trading about 50% below the value of the company's hard assets, Albert Fried contended. The firm kept an $85 price target and Overweight rating on the stock. PRICE ACTION: In mid-morning trading, MSG rose 3.5% to $55.
News For MSG;MSFT From The Last 14 Days
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July 21, 2015
15:02 EDTMSFTNotable companies reporting after market close
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11:11 EDTMSFTMicrosoft technical notes before earnings, levels to watch
On a long-term basis the stock has a potential double top pattern that would be confirmed on a breakdown below $40. In a shorter time frame the stock is range-bound between $45 at the low and $50 at the high. If the news is bearish, a breakdown below $45 would put the shares on a path for a test at that $40 support. A breakdown below $40 would see next support at $39.27 and then at $38.56. The downside target from the double top would be to the $30 area over time. If the news is a bullish surprise, a breakout above $50 would see next resistance at $53.13 and then at $55. Both are levels not seen since the year 2000.
09:56 EDTMSFTSalesforce rallies amid renewed speculation of Microsoft deal
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07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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July 20, 2015
16:01 EDTMSFTOptions Update; July 20, 2015
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
July 17, 2015
08:05 EDTMSFTLexmark launches Kofax View for Microsoft Outlook
Lexmark (LXK) announced the availability of Kofax View, the first document viewing, editing and PDF creation application for Microsoft (MSFT) Outlook. “Microsoft Office delivers exceptional workforce productivity and Microsoft Outlook is central to increased productivity through collaboration. Kofax View gives Outlook users—including Outlook for Office 365 users in the cloud—the ability to more easily create, manage and share familiar document types for improved communication that significantly streamlines the workflow process,” said David Caldeira, product marketing executive, Lexmark Enterprise Software.
July 16, 2015
13:11 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
Microsoft July weekly call option implied volatility is at 36, August is at 27, September is at 20 compared to its 52-week range of 15 to 29, suggesting large near term price movement into the expected release of Q4 results on July 21.
09:10 EDTMSFTMicrosoft to acquire FieldOne Systems, terms not disclosed
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05:46 EDTMSFTMicrosoft may increase smartphone outsourcing in Taiwan, Vietnam, DigiTimes says
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05:46 EDTMSFTMicrosoft's new Surface expected to be available in October, DigiTimes reports
Microsoft's new Surface tablet is expected to be launched in October after upstream supply chains have been notified to start mass shipments of components in September, reports DigiTimes. According to sources, Microsoft's Surface Pro shipments were 200K-250K units per month in Q1 and its monthly tablet shipment volume rose to above 300K. Sources say Microsoft's monthly tablet shipments may have a chance to reach 500K-600K units. Reference Link
July 15, 2015
13:11 EDTMSFTWindows 10 finalized, the Verge reports
Microsoft has finalized its Windows 10 software, ready for release on July 29, the Verge reports. The company is signing off on the build, known as build 10240, internally and may announce the manufacturing copy publicly by the end of the week, the report says. Reference Link
July 14, 2015
17:11 EDTMSFTMicrosoft M&A chief says Salesforce sale 'depends on' Benioff, Fortune reports
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16:35 EDTMSFTMicrosoft CEO to focus on 'a few phones,' ZDNet says
In a ZDNet interview at the Worldwide Partner Conference, Microsoft CEO Satya Nadella remarked, "I'm not going to launch a phone a day. I'm going to focus on a few phones that actually grab share that, in fact, showcase our uniqueness." Nadella called the company's restructuring of its mobile phone business "a change to our operating approach," and he added that "we will do everything we have to do to make sure we're making progress on phones." Reference Link
16:01 EDTMSFTOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
09:45 EDTMSFTRackspace preparing deal with Amazon Web Services, CRN reports
In addition to its deal announced yesterday with Microsoft (MSFT) Azure, Rackspace is preparing an alliance with Amazon (AMZN) Web Services, CRN reported last night, citing a source. Reference Link
09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:01 EDTMSGMadison Square Garden announces transfer to NYSE from NASDAQ
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05:53 EDTMSFTMicrosoft likely to revamp and focus on flagship smartphones, DigiTimes says
Microsoft will likely revamp its strategy for smartphones by focusing on high-end and business-use models, reports DigiTimes. According to sources at Taiwan's handset supply chain, the company's new roadmap is expected to call for the launch of 1-2 models for its high-end business and mid-range to entry-level family lineups. The company and most industry insiders are wondering whether the new Windows 10 OS will help ramp up significantly the share of Windows Phone-based smartphones in the global market. Reference Link
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