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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:44 EDTRAX, HPQ, IBM, CSCO, GOOG, AMZN, EMC, VMWRackspace surges after report on 'going private' talks
Shares of open cloud company Rackspace (RAX) are rising after a technology focused blog said the firm is in talks with a private equity company to figure out a deal that would take it private. WHAT'S NEW: TechCrunch reported that Rackspace has been involved in negotiations with a private equity company for an agreement that would take the company private. A source within Rackspace is quoted as saying that the pressures of being a public firm could be "too much," while another source told the blog that an official announcement regarding the deal could occur as soon as this week. The TechCrunch article added that Rackspace has received bids from both HP (HPQ), which was said to be offering up to $43 per share, and IBM (IBM), though the source added that IBM's offer "fell through." WHAT'S NOTABLE: On May 15, Rackspace 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. Afterwards, analysts from Credit Suisse, Piper Jaffray and JMP Securities gave their opinions regarding potential acquirers of Rackspace, listing HP, Cisco (CSCO), Google (GOOG), Amazon (AMZN), EMC (EMC), VMWare (VMW) and Red Hat (RHT) as among the many potentially interested or suitable matches. ANALYST REACTION: Wells Fargo analyst Gray Powell feels that Rackspace could be "seriously" contemplating a motion to go private. Due to the company's strong balance sheet, Powell notes that the move is possible, but he thinks it is more likely that the company is trying to pressure possible acquirers. Wells continues to maintain an Outperform rating on Raxspace shares. PRICE ACTION: During morning trading, Rackspace jumped $2.23 or 6.6%, to $35.98.
News For RAX;HPQ;IBM;CSCO;GOOG;AMZN;EMC;VMW From The Last 14 Days
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October 17, 2014
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
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09:38 EDTGOOGActive equity options trading on
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09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
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09:22 EDTAMZNAmazon.com volatility elevated into Q3 and outlook
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08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
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07:53 EDTGOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to take a step back, to pause to consider, I hope, a change of course, and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:24 EDTHPQStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTHPQGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:22 EDTAMZNStocks with implied volatility above IV index mean; GT AMZN
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06:21 EDTHPQHP dismisses concerns about drop in global notebook market share, DigiTimes says
HP has dismissed concerns from Taiwan supply chain makers that say the company's global notebook market share may drop significantly following the split, reports DigiTimes. According to makers, HP said it will maintain notebook operations with 2015 target shipments of at least 31M units. Reference Link
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMHs watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
06:03 EDTAMZNAmazon Fresh now available in select areas in New York
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05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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