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Stock Market & Financial Investment News

News Breaks
June 28, 2013
14:46 EDTORCL, CRM, MSFT, BBBY, BBRY, WDC, STEC, ACNMarket poised to finish week higher after Fed officials try to calm investors
Stocks are set to end the week higher after Fed officials said that the central bank doesn't intend to raise interest rates in the near future and said the market was overreacting to a potential tapering of the central bank's asset purchases. MACRO NEWS: Any increase in the Fed's benchmark interest rate is "probably a long way off," William Dudley, president of the Federal Reserve Bank of New York, said yesterday. Also yesterday Federal Reserve governor Jerome Powell said the market had overreacted to potential tightening by the central bank... China's central bank also appeared to try to calm investors, saying on Tuesday that it had provided liquidity to some of the country's more prudent banks... U.S. economic data was mixed, with first quarter GDP coming in well below consensus estimates, the Case-Shiller index of home prices beating expectations by a wide margin and the government reporting jobless claims that were in-line with the consensus outlook. COMPANY NEWS: Oracle (ORCL) announced major partnership deals with Salesforce.com (CRM) and Microsoft (MSFT)... Retailer Bed Bath & Beyond (BBBY) reported in-line results, while BlackBerry's (BBRY) results were significantly below expectations and guidance issued by consulting firm Accenture (ACN) missed the consensus outlook... Hard disk drive maker Western Digital (WDC) agreed to acquire solid state drive maker STEC (STEC).
News For ORCL;CRM;MSFT;BBBY;BBRY;WDC;STEC;ACN From The Last 14 Days
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October 22, 2014
06:39 EDTMSFTMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link
October 21, 2014
14:34 EDTORCLEarnings Preview: EMC reports after HPQ merger talks said to end
EMC Corporation (EMC) is expected to report third quarter earnings before the bell on Wednesday, October 22, with a conference call scheduled for 8:30 am ET. EMC provides software, hardware and IT services to business customers through its three federated businesses: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure, which is represented by EMC’s majority equity stake in VMware (VMW). VMware is expected to report on its own third quarter results after the bell on Tuesday, October 21, with a conference call scheduled for 5:00 pm ET. EXPECTATIONS: For EMC, analysts are looking for earnings per share of 46c on revenue of $6.0B. The consensus range is 44c-49c for EPS and $5.91B-$6.16B for revenue, according to First Call. Along with its last earnings report, EMC raised its FY14 adjusted EPS view to $1.91 from $1.90 and guided to FY14 revenues of $24.58B. Analysts consensus for FY14 EPS and revenue currently stand at $1.91 and $24.55B. For VMware, analysts are looking for earnings per share of 83c on revenue of $1.5B. The consensus range is 81c-85c for EPS and $1.48B-$1.52B for revenue, according to First Call. LAST QUARTER: EMC reported Q2 adjusted EPS of 43c, which matched the consensus expectation. EMC's revenue of $5.9B came in slightly ahead of the $5.83B consensus projection. EMC also accelerated its 2014 share buyback plan, stating that it now expects to repurchase an aggregate of $3B of the company's common stock in 2014. VMware reported Q2 EPS of 81c, versus consensus of 79c, on revenue $1.46B, versus consensus of $1.44B. NEWS: VMware held its "VMWorld 2014" conference from August 24-28, during which the company updated its 2015 guidance. VMware's guidance for revenue growth in the mid teens percentage level and margin expansion of up to one percentage point is positive, RBC Capital analyst Matthew Hedberg wrote in a note to investors on August 26. The same day Cowen analyst Gregg Moskowitz wrote that VMware's FY15 revenue guidance would "likely weigh modestly" on the stock, even though he was not surprised by the outlook. Less than two weeks ago, Elliott Management sent a letter to the board of directors of EMC Corporation detailing its recommendations on the right path forward for EMC, in which Elliott holds a stake. Elliott believes that EMC’s Federation structure obscures enormous value at the company and that the board and management should pursue pathways to recognize this value, including a separation of VMware from Core EMC and/or various M&A opportunities, Elliott wrote. In response, EMC said its directors regularly review and evaluate the company's strategy with a view towards enhancing shareholder value. "Over the past few months, EMC's leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders," the company said. Last week, HP (HPQ) announced the resumption of its share repurchase program after Reuters reported the company's merger talks with EMC had ended. HP had suspended the buyback program due to "possession of material non-public information." The tech giant said that day that it is "no longer in possession of such information." During September, Re/code reported, citing sources familiar with Oracle's plans, that the company was not interested in acquiring EMC. Meanwhile, Cisco (CSCO) CEO John Chambers also said last month at a Wall Street Journal breakfast that his company is not among the potential merger partners for EMC. Chambers said a deal between the two companies would have been done a "year or two ago" were it to happen, according to Reuters. STREET RESEARCH: On the day after its last earnings report, Brean Capital raised its price target on EMC to $33 from $30, citing the company's aggressive capital return strategy, encouraging core Storage dynamics and potential pent up demand. Tigress Financial, however, downgraded EMC to Buy from Strong Buy, citing valuation. Additionally, VMware estimated that its total available market would reach more than $60B in 2017, versus its estimate last year of a $50B+ total addressable market by 2016, Moskowitz noted. PRICE ACTION: In afternoon trading, EMC shares are up 1% to $27.22, while VMware is fractionally higher at $87.79. Over the last three months, EMC shares have declined almost 4%, while VMware's stock is down about 5.5% in that same time frame.
07:45 EDTMSFT, CRMMicrosoft CEO touts cloud revenue run-rate over $4B, BI reports
At a press event yesterday, Microsoft (MSFT) CEO Satya Nadella provided a number of figures about the strong performance of the company's Azure cloud business, including a revenue run rate of nearly $4.4B and that Azure is adding 10,000 new customers every week to its 350M active directory user base, reported Business Insider, which noted that Amazon Web Services (AMZN) is estimated to have roughly $4B in annual sales and that Salesforce.com (CRM) had a little over $4B in revenues last year. Reference Link
06:40 EDTCRM, ORCLForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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05:51 EDTBBRYStocks with implied volatility movement; TLM BBRY
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October 20, 2014
15:20 EDTMSFTMicrosoft confirms availability of Cloud Platform System, powered by Dell
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12:09 EDTMSFT, ORCLIBM hits 52 week low after earnings miss, 2015 profit target dropped
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11:59 EDTBBRYBlackBerry calls active on Lenovo may make bid report
Blackberry October weekly 10 and 11 calls are active 38K contracts (8K puts) on Lenovo may make $15 per share BlackBerry bid shortly, Benzinga says. October weekly call option implied volatility is at 75, November is at 63, December is at 61; compared to its 26-week average of 56 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
11:10 EDTBBRYLenovo may make $15 per share BlackBerry bid shortly, Benzinga says
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08:00 EDTMSFTRBC Capital remains positive on Microsoft
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07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
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06:04 EDTBBRYAcacia Research subsidiary enters into agreement with BlackBerry
Acacia Research announced that its Cell and Network Selection subsidiary entered into an agreement with Blackberry Corporation and Blackberry Limited (BBRY). The agreement resolved litigation that was pending between Cell and Network Selection and Blackberry in the U.S. District Court for the Eastern District of Texas.
06:03 EDTBBRYBlackBerry implied volatility of 51 at lower end of index mean range
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October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
12:14 EDTWDCWestern Digital looks like inexpensive big data play, Barron's says
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October 17, 2014
11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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07:44 EDTCRMSalesforce.com moving in right direction in every way, says Canaccord
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06:46 EDTBBRYBlackBerry implied volatility of 55 at lower end of index mean range
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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