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Stock Market & Financial Investment News

News Breaks
March 11, 2014
11:47 EDTMSFT, PSOPearson in publishing distribution agreement with Microsoft Press
Pearson (PSO) announced it has been selected by Microsoft (MSFT) as the official distributor of Microsoft Press products. Pearson has entered into an agreement, effective, April 1, to distribute print and digital Microsoft Press products globally. Pearson Technology Group, which consists of technology publishers and brands of Pearson, will manage the relationship. Additionally, Pearson and Microsoft Press will jointly create microsoftpressstore.com, also launching in April.
News For PSO;MSFT From The Last 14 Days
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March 2, 2015
11:41 EDTMSFTMicrosoft EVP says China cloud offerings 'special,' present 'huge' opportunity
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11:14 EDTMSFTMicrosoft EVP says seeing 'very positive trends' for Office 365
Microsoft EVP, Applications and Services, Qi Lu is speaking at the Morgan Stanley Technology, Media and Telecom Conference.
10:00 EDTPSOOn The Fly: Analyst Upgrade Summary
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08:29 EDTMSFTMicrosoft reportedly to buy news app for $30M, TechCrunch says
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07:50 EDTPSOPearson upgraded to Neutral from Reduce at Nomura
Nomura upgraded Pearson to Neutral to reflect a more balanced outlook.
07:41 EDTMSFTMorgan Stanley to hold a conference
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06:18 EDTMSFTStocks with implied volatility below IV index mean; MSFT CSCO
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05:55 EDTMSFTMicrosoft introduces Lumia 640 and Lumia 640 XL
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March 1, 2015
18:28 EDTMSFTBlackBerry expands cross platform strategy
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February 27, 2015
06:10 EDTPSOPearson proposes to raise dividend 6% to 51p
Pearson said its board is proposing a dividend increase of 6% to 51.0p, subject to shareholder approval.
06:09 EDTPSOPearson sees 2015 adjusted EPS 75p-80p
The company said, "In 2014, we completed the major restructuring and product investment programme, initiated in 2013, designed to accelerate Pearsonís shift towards significant growth opportunities in digital, services and fast-growing economies. We believe this will provide Pearson with a significantly larger market opportunity, a sharper focus on the fastest-growing markets and stronger financial returns. In 2015, we are returning to more normal levels of restructuring expenditure. Based on 21 January 2015 exchange rates, we expect to report adjusted earnings per share of between 75p and 80p in 2015."
06:08 EDTPSOPearson reports 2014 adjusted EPS 66.7p vs. 70.1p last year
Reports 2014 sales GBP 4.87B vs. GBP 5.07B last year.
06:06 EDTPSOPearson names Coram Williams as new CFO
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05:55 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 26, 2015
14:02 EDTMSFTMicrosoft shutting down two factories in China, Want China Times reports
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06:27 EDTMSFTMicrosoft increases orders to China makers, DigiTimes reports
Microsoft is increasing orders to China makers and away from Taiwan makers, reports DigiTimes. Microsoft has become increasingly concerned over costs and is adjusting its supply chain to receive components at more competitive pricing that previously received from Taiwan makers. Reference Link
06:13 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 25, 2015
10:34 EDTMSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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05:54 EDTMSFTStocks with implied volatility below IV index mean; FOSL QCOM
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