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Stock Market & Financial Investment News

News Breaks
May 16, 2014
16:18 EDTRAX, RHT, VMW, EMC, CSCO, AMZN, GOOG, CHK, JWN, JCP, WWE, VZ, HPQOn The Fly: Closing Wrap
Stocks on Wall Street were higher in the last session of the week, breaking their streak of two consecutive lower finishes. The averages moved back and forth across the flat line in the early hours of the session before crossing into positive ground for good in the late afternoon. Economic reports released early in the day were mixed, with housing starts growth coming in well above expectations and a consumer confidence reading coming in below the consensus forecast. ECONOMIC EVENTS: In the U.S., housing starts rose 13.2% to a 1.07M unit pace in April, which was well above expectations. The number of building permits issued also beat the consensus forecast, rising 8% to a pace of 1.08M. The University of Michigan consumer confidence index fell to 81.8 in the first May release, falling short of expectations for a modest rise to 84.3. COMPANY NEWS: Shares of Rackspace (RAX) advanced $5.44, or 17.73%, to $36.12 after the cloud computing company disclosed last night that it had been approached by a number of other companies that expressed interest in exploring strategic relationships. Rackspace said that it had hired Morgan Stanley (MS) to help evaluate the proposals and explore its options. In a note to investors earlier today, Credit Suisse wrote that Rackspace would be attractive to multiple companies, including Cisco (CSCO), Hewlett-Packard (HPQ), and Dell. Piper Jaffray said in its own note that the list of potential buyers for Rackspace is "extensive," also listing Cisco, but adding Google (GOOG), Amazon.com (AMZN), EMC (EMC), VMware (VMW) and Red Hat (RHT) as other potential suitors... Verizon (VZ) shares rose $1.11, or 2.31%, to $49.07 after filings released last night showed that a number of hedge fund managers, most notably Warren Buffet, had taken up new positions in the telecommunications giant. MAJOR MOVERS: Among the notable gainers was embattled retailer J.C. Penney (JCP), whose shares rose $1.36, or 16.25%, to $9.73 following its better than expected quarterly sales report. Also higher was luxury department store operator Nordstrom (JWN), which advanced $9.06, or 14.73%, to $70.55 after the company reported first quarter earnings per share that exceeded expectations and said it will seek a partner for credit card receivables. Among the noteworthy losers was WWE (WWE), which plunged $8.66, or 43.45%, to $11.27 after the company signed a new TV deal with NBC that will reportedly pay it much less than it had expected and the shares were downgraded at Benchmark Co. to Hold from Buy. Also lower were shares of Chesapeake Energy (CHK), which fell $1.35, or 4.66%, to $27.64 after announcing that it will spin off its Oilfield Services business, among other asset moves, and lowered its FY14 production, operating cash flow and dividend payments outlooks. INDEXES: The Dow was up 44.50, or 0.27%, to 16,491.31, the Nasdaq was up 21.29, or 0.52%, to 4,090.59, and the S&P 500 was up 7.01, or 0.37%, to 1,877.86.
News For RAX;VZ;WWE;JCP;JWN;CHK;GOOG;AMZN;CSCO;EMC;VMW;RHT;HPQ From The Last 14 Days
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September 18, 2014
15:44 EDTGOOGHimax may be back in with Google, says Northland
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15:15 EDTRHTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Oracle (ORCL), consensus 64c; Red Hat (RHT), consensus 38c; TIBCO Software (TIBX), consensus 18c.
15:00 EDTRHTRed Hat September 60 straddle priced for 6.7% move into Q2
14:21 EDTRHTRed Hat technical comments before earnings
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13:57 EDTGOOGGoogle mulls new R&D unit focused on longer term projects, The Information says
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12:58 EDTVMW, EMCEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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12:07 EDTJCPStocks with call strike movement; JCP FB
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10:27 EDTRAXOptions with decreasing implied volatility
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08:58 EDTGOOGGoogle October volatility flat on tight three-month price range
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08:44 EDTAMZNAmazon.com volatility flat into Alibaba IPO
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08:02 EDTRHTRed Hat to acquire FeedHenry for EUR63.5M in cash
Red Hat announced that it has signed a definitive agreement to acquire FeedHenry, an enterprise mobile application platform provider. FeedHenry expands Red Hat’s broad portfolio of application development, integration, and Platform-as-a-Service solutions, enabling Red Hat to support mobile application development in public and private environments. Red Hat has agreed to acquire FeedHenry, a privately held company, for approximately EUR 63.5M in cash, subject to certain adjustments at closing. The transaction is expected to close in 3Q15, subject to customary closing conditions.
07:26 EDTGOOGGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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07:18 EDTGOOGSupply chains expect component orders from Motorola through 2014, DigiTimes says
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06:05 EDTAMZNAmazon partners with Bango, Telefonica Deutschland on carrier billing services
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06:00 EDTAMZNAmazon introduces Fire OS 4 'Sangria'
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05:59 EDTAMZNAmazon announces new Fire HD
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05:57 EDTAMZNAmazon introduces Fire HDX 8.9
Amazon introduced the all-new Fire HDX 8.9, which combines a light design and HDX display with a new, more powerful processor, exclusive Dolby Atmos and the latest Dolby Audio, and all-new Fire OS 4 “Sangria” features and services. The new Fire HDX is available for pre-order starting today for $379.
05:57 EDTAMZNAmazon announces Fire HD Kids Edition
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05:56 EDTAMZNAmazon introduces two new Kindles
Amazon introduced the 7th generation of Kindle: Kindle Voyage and the new $79 Kindle, with a 20% faster processor, twice the storage, and now with a touch interface. Kindle Voyage features an all-new design, with a beautiful flush glass front and a magnesium back. Kindle Voyage uses a brand new Paperwhite display, with the highest resolution, highest contrast, and highest brightness of any Kindle. The new Kindle is available for pre-order today for $79 and will start shipping in October. The new Kindle Voyage is $199 and is available for pre-order and will start shipping in October.
05:51 EDTAMZNPiper questions why Amazon is in hardware business
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