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Stock Market & Financial Investment News

News Breaks
June 28, 2013
14:46 EDTSTEC, BBBY, ORCL, WDC, MSFT, ACN, BBRY, CRMMarket 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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May 12, 2015
10:27 EDTMSFTAppeals court upholds InterDigital loss in patent fight with Microsoft, ZTE
The U.S. Court of Appeals for the Federal Circuit affirmed the final determination of the International Trade Commission finding no violation of Section 337 of the Tariff Act was committed by Microsoft (MSFT) and ZTE related to patents held by InterDigital (IDCC). The patents at issue in the case are directed to cellphone technology, and in particular, code division multiple access networks, according to the appeals court ruling.
10:01 EDTWDCOn The Fly: Analyst Initiation Summary
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07:05 EDTWDCWestern Digital initiated with a Buy at Benchmark Co.
Target $117.
06:02 EDTCRMSalesforce implied volatility of 64 at upper end of index
05:58 EDTBBRYStocks with implied volatility movement; MNKD BBRY
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May 11, 2015
13:17 EDTMSFTMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
10:18 EDTBBRYBlackBerry calls active on renewed takeover chatter
Blackberry May calls are active 13K contracts (1K puts) on renewed takeover speculation. May call option implied volatility is at 39, June is at 58, August is at 44; compared to its 90-day average of 48 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:11 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
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10:03 EDTCRMSalesforce to hold a press event
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10:00 EDTCRMSalesforce to hold a meeting
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09:37 EDTMSFTActive equity options trading on open
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07:06 EDTCRMSalesforce removed from Best Ideas List at Morgan Stanley
Morgan Stanley removed Salesforce.com from the Best Ideas List and maintained its Buy ratting and $80 price target. The firm said Salesforce.com's secular growth and margin expansion remain in place but shares are trading on an acquisition premium and risk/reward is balanced near-term. The firm views an acquisition as unlikely and said the sheer size would make it extremely complicated, with few bidders.
06:11 EDTMSFTStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 28, Netflix (NFLX) 26 according to iVolatility.
06:04 EDTCRMSalesforce removed from Best Ideas List at Morgan Stanley
Morgan Stanley removed Salesforce from its Best Ideas list saying the near-term risk/reward is more balanced with shares trading at an "acquisition premium." The firm keeps an Overweight rating on the name with an $80 price target.
May 8, 2015
16:36 EDTMSFT, CRMStocks end week higher as jobs data, M&A boosts shares
Stocks finished the week higher as favorable U.S. jobs data and significant M&A news boosted the major averages. MACRO NEWS: Weekly jobless claims and nonfarm payrolls for April both beat expectations. The U.S. unemployment rate fell to 5.4% from 5.5%. Other U.S. economic data points were mixed, as a services sector index for April beat expectations, while factory orders for March were in-line with the consensus estimate... Fed Chairman Janet Yellen said that high equity valuations could pose potential dangers... In China, exports fell 6.2% and imports slid 16.1% in April, according to government data... In Europe, the Conservative party succeeded in a surprise election victory in the U.K. and David Cameron will return as prime minister. Elsewhere in the region, a report showed that industrial production in Germany unexpectedly declined 0.5% in March. COMPANY NEWS: Yelp (YELP) rallied after Dow Jones reported that the company is looking to sell itself... Bloomberg reported early in the week that Microsoft (MSFT) was considering a bid for software as a service provider Salesforce (CRM). However, Reuters reported today that Microsoft isn't currently interested in buying the cloud company... Agricultural products maker Monsanto (MON) confirmed that it had made a bid to acquire Syngenta (SYT) for 449.00 CHF per share. Switzerland based Syngenta, which develops crop protection and seed products, turned down the offer, which it believes undervalues the company... McDonald's (MCD) said it would restructure its business into four segments, accelerate the pace of its refranchising and reach the top end of its three year $18B-$20B cash return to shareholders target by the end of 2016... Cisco (CSCO) announced that Chuck Robbins would take over as CEO and that John Chambers would assume the role of executive chairman on July 26... Among the companies whose stocks fell following their earnings reports were organic foods supermarket chains Whole Foods (WFM) and Sprouts Farmers Markets (SFM) and accessories designer Kate Spade (KATE). Conversely, the shares of Herbalife (HLF) and data analytics tool provider Tableau (DATA) advanced after their quarterly reports. INDEXES: For the week, the Dow rose 0.9% to 18,191.11, the Nasdaq fell 0.05% to 5,003.55, and the S&P 500 gained 0.36% to 2,116.10.
09:36 EDTMSFTActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
08:32 EDTMSFTUBS software analyst holds an analyst/industry conference call
Software Analyst Thill, along with Mary Jo Foley, author, blogger and Microsoft expert, discuss Microsoft's product line and provide an update on the Microsoft Build Developer and Ignite Conferences on an Analyst/Industry conference call to be held on May 8 at 1 pm.
06:27 EDTCRM, MSFTMicrosoft not weighing bid for Salesforce, Reuters says
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06:10 EDTMSFTMicrosoft to release server orders in Q2 or Q3, DigiTimes reports
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06:05 EDTBBRYBlackBerry implied volatility of 38 at lower end of index mean range
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