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Stock Market & Financial Investment News

News Breaks
April 8, 2014
12:12 EDTMSFT, SPNC, QUNR, NOK, GIMO, CTRP, NKE, KTOn 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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July 21, 2015
16:12 EDTMSFTMicrosoft says has 75,000 partners transacting in company's cloud
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16:08 EDTMSFTMicrosoft reports Q4 Commercial revenue grew 4% to $13.5B
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16:07 EDTMSFTMicrosoft reports Q4 Devices and Consumer revenue declined13% to $8.7B
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16:05 EDTMSFTMicrosoft reports Q4 adjusted EPS 62c, consensus 56c
Reports Q4 revenue $22.2B, consensus $22.06B.
16:01 EDTMSFTOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:11 EDTMSFTEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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15:06 EDTMSFTMicrosoft July weekly 47 straddle priced for 5% movement into Q4
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15:02 EDTMSFTNotable companies reporting after market close
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13:40 EDTNOKNokia to unveil virtual reality project next week, Re/code reports
Nokia plans to unveil its first major virtual reality project next week at a special event in Los Angeles, California, Re/code reports, citing sources familiar with the company's plans. Reference Link
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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06:42 EDTNOKNokia close to selling HERE to German auto makers, Bloomberg reports
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July 20, 2015
16:01 EDTMSFTOptions Update; July 20, 2015
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12:16 EDTNOKHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
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
16:46 EDTCTRPViking Global Investors reports 5.2% passive stake in Ctrip.com
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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.
07:11 EDTGIMOGigamon checks show continued momentum, says William Blair
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