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Stock Market & Financial Investment News

News Breaks
March 15, 2013
07:57 EDTRAX, AMZN, EMC, IBMRackspace unlikely to compete much with SoftLayer buyer, says Wells Fargo
After media reports indicated that EMC (EMC) and IBM (IBM) are among the parties looking to buy privately held cloud provider SoftLayer Technologies, Wells Fargo notes that SoftLayer has historically competed more against Amazon.com (AMZN), and the firm doubts that an acquirer would look to replicate Rackspace's support model. The firm maintains an Outperform rating on Rackspace.
News For RAX;AMZN;EMC;IBM From The Last 14 Days
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June 19, 2013
07:09 EDTAMZNWal-Mart plays catch up to Amazon.com, WSJ reports
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06:08 EDTAMZNOn the Fly: Periodicals Wrap-Up
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June 18, 2013
09:38 EDTAMZNAmazon rumored to eye Alibaba partnership in China, TechInAsia says
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09:33 EDTRAXRackspace likely to announce Fidelity as OpenStack customer, says Cowen
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09:08 EDTAMZNAmazon.com announces social gift giving service
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09:06 EDTAMZNAmazon Kindle FreeTime Unlimited adds new kids content
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08:07 EDTAMZNSynaptics displaced Atmel in new Kindle Fires, says Maxim
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07:42 EDTAMZNO'Reilly Media to hold a conference
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07:29 EDTIBMSecurities Industry and Financial Markets Association to host a conference
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06:17 EDTAMZNTaiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link
June 17, 2013
15:29 EDTAMZNGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
June 14, 2013
06:09 EDTIBMIBM revenue can grow again in second half, says Citigroup
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June 13, 2013
09:09 EDTEMCEMC upgraded to Outperform from Sector Perform at Pacific Crest
Pacific Crest upgraded EMC with a $30 price target on expectations storage industry fundamentals could bottom in 2013.
09:04 EDTRAXRackspace underperforming in OpenStack competition, says Pacific Crest
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07:57 EDTAMZNAmazon Kindle to launch in India this month, WSJ says
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June 12, 2013
15:01 EDTIBM, AMZNNew Four Horsemen of Tech option implied volatility is mixed
Amazon.com (AMZN) overall option implied volatility of 29 is below its 26-week average of 31, Google (GOOG) is at 24, near its 26-week average of 23, Apple (AAPL) is at 27; below its 26-week average of 29, IBM (IBM) is at 19, above its 26-average of 16 according to Track Data.
14:30 EDTAMZN, RAXRackspace has slight negative readthrough from Amazon cut, says Wells Fargo
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13:25 EDTIBMIBM starts U.S. job cuts, Bloomberg says
IBM began cutting U.S. jobs today as part of a $1B plan, announced in April, to trim its global workforce, reports Bloomberg, citing a person familiar with the move. Reference Link
11:51 EDTIBMIBM heading for test of $200 area, levels to watch
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10:14 EDTEMCOn the Fly: Upgrade Summary
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