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Stock Market & Financial Investment News

News Breaks
June 28, 2013
14:46 EDTWDC, MSFT, ACN, BBRY, CRM, STEC, BBBY, ORCLMarket 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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April 15, 2015
06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
06:11 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
06:07 EDTWDCWestern Digital initiated with a Buy at Maxim
Target $131.
April 14, 2015
11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
10:34 EDTBBBYOptions with decreasing implied volatility
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10:01 EDTWDCOn The Fly: Analyst Upgrade Summary
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07:10 EDTACNAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:28 EDTBBRYBlackBerry implied volatility of 43 at lower end of index mean range
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06:25 EDTWDCWestern Digital upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Western Digital to Buy and maintained its $117 price target. The firm believes fundamentals have bottomed and valuation is attractive at current levels. BofA/Merrill lowered estimates on further PC weakness but said pricing is holding up and the mix shift to capacity HDDs is driving ASP and margin improvement.
06:10 EDTACNStocks with implied volatility below IV index mean; LL ACN
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05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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April 13, 2015
12:42 EDTCRM, ORCLFly Watch: Wells says ServiceNow likely to unveil upbeat revenue target
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12:02 EDTMSFTMicrosoft hires Kurt DelBene to head corporate strategy and planning
Microsoft announced that Kurt DelBene has been named executive vice president of Corporate Strategy and Planning reporting to Microsoft CEO Satya Nadella. DelBene is returning to Microsoft, where he was most recently president of the Microsoft Office Division. After leaving Microsoft in 2013, he then served as senior advisor to the Secretary of Health and Human Services where he was appointed by President Obama to oversee implementation and improvement of Healthcare.gov. He most recently has been a venture partner at Madrona Venture Group, concentrating on investing and advising in early stage, technology-focused startups in the Pacific Northwest.
10:33 EDTBBBYOptions with decreasing implied volatility
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07:24 EDTWDCWestern Digital added to Franchise Pick List at Jefferies
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06:02 EDTBBRYBlackBerry implied volatility of 42 at lower end of index mean range
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05:29 EDTACNAccenture awarded three-year contract by UniCredit
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April 12, 2015
19:01 EDTMSFTNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
15:42 EDTACNAccenture shares may rise 26% over next three years, Barron's says
Accenture stock is not currently undervalued but could rise 26% to $120 in the next three years, Barron's contends in its "Follow Up" column. Analysts expect strong earnings and recommend holding the stock or buying shares if prices were to fall, the paper adds. Reference Link
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