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Stock Market & Financial Investment News

News Breaks
April 8, 2014
12:12 EDTSPNC, QUNR, NOK, GIMO, CTRP, NKE, KT, MSFTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the market seeks to break the losing streak that began late last week. The Nasdaq, which has suffered the most over the past week, is today's early leader with a gain of about 0.7%. The Dow and S&P have moved into positive territory as well, but their gains have been more modest to this point in the trading day. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index increased to 93.4 in March from a prior reading of 91.4, slightly beating expectations. The number of job openings was reported to have risen to 4.17M in February from a revised estimate of 3.87M in the prior month. In Asia, the Bank of Japan left its monetary stimulus program unchanged, as widely expected. The International Monetary Fund trimmed its outlook for global economic growth ahead of the spring World Bank meetings later this week. The IMF now forecasts that the world economy will expand 3.6% this year, which is a slight downgrade from its 3.7% estimate in January. COMPANY NEWS: Apparel and footwear giant Nike (NKE) led all advancers on the blue-chip Dow, rising almost 3% after research firm Stifel upgraded the stock to Buy from Hold to reflect recent weakness, reduced consensus expectations, and strong fundamentals... Shares of Nokia (NOK) trading in New York advanced over 5% after a deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) received regulatory approval in China. MAJOR MOVERS: Among the notable gainers was Korean phone and high-speed Internet services provider KT Corporation (KT), which rose more than 7% after the stock was upgraded to Conviction Buy from Neutral at Goldman. Also higher were shares of Chinese travel website operators Ctrip.com (CTRP), which advanced 7%, and Qunar (QUNR), which gained 8%, after Bloomberg said the companies are in talks on a range of possibilities, from a partnership to a full merger. Among the noteworthy losers was Gigamon (GIMO), which plunged 32% after the company lowered its first quarter revenue outlook largely based on an expected large transaction from an existing customer in EMEA that did not occur. Also lower after cutting its revenue view was medical device maker Spectranetics (SPNC), which fell 11% following the negative pre-announcement. INDEXES: Near midday, the Dow was up 34.52, or 0.21%, to 16,280.39, the Nasdaq was up 29.73, or 0.73%, to 4,109.48, and the S&P 500 was up 6.07, or 0.33%, to 1,851.11.
News For NKE;NOK;MSFT;CTRP;QUNR;KT;GIMO;SPNC From The Last 14 Days
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November 14, 2014
06:31 EDTNKENike downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Nike to Neutral based on valuation.
06:23 EDTNOKNokia to host Capital Markets Day
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November 13, 2014
11:52 EDTMSFTMicrosoft confirms acquisition of security company Aorato
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10:16 EDTKTKT Corporation upgraded to Neutral from Underweight at JPMorgan
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09:54 EDTCTRPCtrip.com rises 3.7% to $58.81 amid rumor of Baidu interest
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07:57 EDTNKENike positioned to 'significantly increase' dividend, says Nomura
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07:29 EDTMSFTMicrosoft to buy Aorato for about $200M, sources say, WSJ reports
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06:45 EDTMSFTMicrosoft Xbox sales tripled since price cut, CNet reports
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06:20 EDTMSFTAmazon's Web-services chief not threatened by cash threat from rivals, WSJ says
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November 12, 2014
17:22 EDTMSFTMicrosoft says will have sold 10M Xbox One consoles 'shortly'
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07:58 EDTMSFTMicrosoft to hold a conference
Developer Conference is being held in New York on November 12-13 with webcasted discussions will begin on November 12 at 10 am. Reference Link
07:48 EDTMSFTWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 11, 2014
12:09 EDTMSFTRackspace soars after Q3 results top estimates, $500M share buyback plan
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05:59 EDTMSFTMicrosoft unveils first Lumia smartphone without Nokia name
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05:32 EDTNOKHERE map services signs OEM agreement with SAP HANA
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November 10, 2014
16:40 EDTMSFTRackspace says joined Microsoft Cloud OS Network
Rackspace (RAX) said it expanded its Managed Private Cloud product portfolio and joined the Microsoft (MSFT) Cloud OS Network, adding Fanatical Support for the Microsoft Cloud Platform. It stated, "This includes expertise and support for Windows Server with Hyper-V, System Center and Azure Pack. The offering is now in general availability in all U.S. data centers providing customers with SLA-backed management across the underlying infrastructure, guest operating systems, and select applications including Microsoft Exchange, SharePoint and Lync."
15:57 EDTMSFTWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
07:23 EDTMSFTRBC Capital to hold a conference
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06:17 EDTNKENike price target raised to $107 from $93 at Citigroup
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November 9, 2014
14:21 EDTGIMOGigamon management to meet with Needham
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