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Stock Market & Financial Investment News

News Breaks
February 22, 2013
14:40 EDTODP, OMX, PAY, HPQ, SPLSMarket poised to end week lower amid QE worries
Stocks are set to end the week slightly lower after the minutes of the Fed's Open Market Committee indicated that the central bank could look to slow its asset purchases in the foreseeable future... MACRO NEWS: The minutes from the committee's last meeting noted that several committee members favored adjusting the central bank's asset purchases in response to the economy's outlook. Other members warned that continued asset purchases could damage the economy... Also dragging down stocks was data from Europe. A euro zone purchasing managers' index for February fell compared with January. Economists had expected the index to increase... In the U.S., members of Congress did not appear to make progress toward averting the automatic government spending cuts set to go into effect on March 1... COMPANY NEWS: Office Depot (ODP) and Office Max (OMX) announced that they had agreed to merge. Some analysts believe that Staples (SPLS) will benefit from the merger... VeriFone (PAY) pre-announced much weaker than expected results and its stock plunged... On a more positive note, Hewlett-Packard's (HPQ) results beat expectations and its stock rallied.
News For ODP;OMX;PAY;HPQ;SPLS From The Last 14 Days
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April 23, 2014
05:55 EDTODPStocks with implied volatility movement; LAMR ODP
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April 22, 2014
07:50 EDTHPQHP awarded $116M Medicaid contract in Colorado
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07:25 EDTSPLSNatural E Creative Group to hold a summit
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April 16, 2014
07:07 EDTHPQAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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April 14, 2014
08:15 EDTSPLSStaples, 3D Systems announce partnership
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08:07 EDTSPLS3D Systems partners with Staples in New York, Los Angeles
3D Systems (DDD) announced a partnership with Staples (SPLS) in a pilot of 3D printing services in two Staples stores in New York City and Los Angeles. Each Staples store features an immersive 3D printing experience center that lets consumers and small businesses create personalized products and use 3D printing hardware. Customers can also bring in their own 3D print-ready files to have them printed. Staples previously announced in May of 2013 that it would be the first major U.S. retailer to carry 3D printers, with the launch of the Cube from 3D Systems on Staples.com. The company has since rolled out 3D printing hardware and accessories in a limited number of stores, and expanded its overall product selection.
April 10, 2014
10:00 EDTHPQOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
09:56 EDTHPQHP rallies after Gartner/IDC PC shipment data, levels to watch
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09:21 EDTHPQOn The Fly: Pre-market Movers
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08:01 EDTHPQPC market decline 'much less' than feared, says Citigroup
Citigroup says data yesterday from IDC showing a Q1 PC unit decline of 4% was "much less than feared." Citi continues to view HP (HPQ) as its top IT Hardware stock. It has a Buy rating on HP with a $40 price target.
06:56 EDTHPQHP estimates raised above consensus at Morgan Stanley
Morgan Stanley raised Overweight rated HP FY15-16 estimates above consensus to reflect a margin recovery in Enterprise Services. The firm's FY15 EPS estimate goes to $4.05 vs. consensus of $3.84 and price target is raised to $36 from $34.
06:55 EDTHPQHP initiated with a Buy at Deutsche Bank
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06:23 EDTHPQIDC says worldwide PC shipments totaled 73.4M units in Q1, down 4.4% y/y
Worldwide PC shipments totaled 73.4 million units in 1Q14, a decline of -4.4% year on year, according to the International Data Corporation Worldwide Quarterly PC Tracker. Although still in decline and with continuing weakness in consumer and emerging market segments, the preliminary results are slightly better than a projected decline of -5.3%. The U.S. market continued to stabilize with growth near zero in line with forecasts. With shipments totaling 14.3 million PCs in 1Q14, the U.S. market contracted by -0.6% from the same quarter a year ago. Desktop shipments were slightly stronger, posting 3.5% growth, while portables remained in negative territory. Lenovo (LNVGY) preserved its lead in total worldwide PC shipments despite a seasonal drop due to the Chinese New Year. Growth in other regions continued at a solid pace although Latin America slowed after a dramatic expansion over the past year. HP (HPQ) remained in the number 2 position, with growth rising nicely to nearly 5% year on year. Dell grew over 9% in the first quarter.

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