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Stock Market & Financial Investment News

News Breaks
June 23, 2014
15:18 EDTMCRS, CRM, ORCL, SAPOracle deal for MICROS a near-term strategic positive, says Maxim
Maxim views Oracle's (ORCL) deal for MICROS (MCRS) as a near-term strategic positive that gives the company a more comprehensive solution in the verticals of food and beverage, hotels and retail than competitors SAP (SAP) and Salesforce.com (CRM). Maxim keeps its Buy rating and $48 price target on Oracle.
News For ORCL;MCRS;SAP;CRM From The Last 14 Days
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April 17, 2015
09:36 EDTCRMActive equity options trading on open
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April 16, 2015
17:55 EDTCRMCloud computing firms lower after ServiceNow reports Q1 results, guidance
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15:44 EDTORCLCSC holding 'loose' deal talks, not running formal process, dealReporter says
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09:07 EDTCRMSalesforce.com's chief architect Scott Hansma joins LendingClub
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April 15, 2015
11:23 EDTCRMSalesforce.com participates in a meeting with Stephens
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08:17 EDTSAPSAP's financial integration platform selected by Citi and Asian Paints
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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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April 10, 2015
08:23 EDTORCLOracle management to meet with Barclays
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05:57 EDTCRMSalesforce.com implied volatility of 27 at lower end of index mean range
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April 9, 2015
06:05 EDTCRMSalesforce.com implied volatility of 27 at lower end of index mean range
05:57 EDTORCLOracle plans to hire 300 in India, Economic Times reports
Oracle is planning to hire 300 people in India to create a specialized cloud force, according to The Economic Times. Reference Link
April 8, 2015
06:00 EDTCRMSalesforce.com implied volatility of 28 at lower end of index mean range
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April 6, 2015
10:02 EDTSAPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
07:52 EDTSAPSAP downgraded at Wells Fargo
As noted earlier, Wells Fargo downgraded SAP to Underperform from Market Perform. The firm downgraded the stock based on valuation and its belief that transitioning to cloud computing will prove challenging for the company ,given technical weaknesses and the shortcomings of the HS/4 HANA product. Wells does not expect the product to drive material growth.
07:37 EDTSAPSAP downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo downgraded SAP to Underperform saying the stock is fully valued while the company faces a "fundamental challenge" in transitioning to cloud computing. Wells believes SAP is "paying for the poor technical decisions made last decade." It has a EUR56-EUR60 price target range for shares.

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