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Stock Market & Financial Investment News

News Breaks
May 16, 2014
10:40 EDTRAX, CSCO, AMZN, GOOG, HPQ, EMC, VMW, RHTCisco, Amazon seen as potential acquirers of Rackspace
Several analysts issued upbeat notes to investors on Rackspace (RAX) after the company, which provides cloud computing services, last night announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace disclosed it had hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives. ANALYST OPINION: In a note to investors earlier today, Credit Suisse wrote that Rackspace's cloud offerings would be attractive to multiple companies, including Cisco (CSCO), Hewlett-Packard (HPQ), and Dell. These companies could use Rackspace to expand their cloud offerings, according to the firm, which thinks Rackspace would likely be worth more than $47 per share in a potential deal. Meanwhile, Piper Jaffray said in its own note that the list of potential buyers for Rackspace is "extensive" and includes Cisco, Google (GOOG), Amazon.com (AMZN), EMC (EMC), VMware (VMW) and Red Hat (RHT). Piper believes takeout speculation, coupled with improving fundamentals, limits downside risk in Red Hat shares and the firm keeps an Overweight rating on the stock after the company confirmed being approached by multiple parties. Also upbeat was JMP Securities analyst Patrick Walravens, who recommended investors buy Rackspace shares. The company's business is poised to accelerate, and it could attract interest from multiple bidders, Walravens contended, adding that the stock is "significantly undervalued" and could more than double from current levels. The analyst kept a $67 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Rackspace climbed over 19% to $36.53.
News For RAX;CSCO;AMZN;GOOG;HPQ;EMC;VMW;RHT From The Last 14 Days
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July 15, 2014
07:23 EDTAMZNFortune to hold a conference
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07:15 EDTGOOGIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:27 EDTHPQHP looks to crack tablet market in India with phablets, India Times reports
HP has aggressive plans to crack the tablet market in India by breaking into the phablet space, reports the India Times. The company's VP Ivy Liang said the company wants to "crack the right products in the phablet market" as it looks to expand its wings in the Indian market following the moderate success of HP Slate Voice Tabs. HP will now also explore telecom channels for the phablet go-to-market route. Reference Link
06:15 EDTGOOGGoogle Fit may benefit remote medical care industry, DigiTimes Research says
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06:06 EDTHPQHP implied volatility of 21 at lower end of index mean range
06:02 EDTGOOGSamsung, Nest, ARM team up for Thread wireless networking protocol
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05:53 EDTCSCOStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.
05:44 EDTGOOGNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
July 14, 2014
18:49 EDTGOOGGoogle initiated with an Outperform at FBR Capital
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16:00 EDTGOOG, AMZNOptions Update; July 14, 2014
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14:43 EDTAMZNAmazon.com downgraded earlier to Peer Perform from Outperform at Wolfe
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11:21 EDTHPQHP added to short-term buy list at Deutsche Bank
10:15 EDTGOOG, AMZNAmazon hires Google Glass creator Babak Parviz, TechCrunch reports
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10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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09:36 EDTAMZNActive equity options trading on open
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09:25 EDTGOOGGoogle looked to Page, Brin to woo Facebook workers, WSJ says
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08:34 EDTHPQPC market stability could be short-lived, Reuters says
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08:18 EDTRAXRackspace upgraded to Neutral from Underperform at DA Davidson
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08:10 EDTGOOGEndurance announces extension of partnership with Google
Endurance International Group (EIGI) announced the extension of its partnership with Google (GOOG) for the Get Your Business Online initiative. The partnership will allow more businesses to benefit from the overall web presence solutions the program provides. The Get Your Business Online program has already provided web presence services and support to bring hundreds of thousands of American businesses online for the first time.
06:10 EDTGOOGTaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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