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January 25, 2013
08:32 EDTFLEX, STM, OSK, MCP, EGHT, THLD, ETFC, RIMM, TPX, MSFT, HAL, SBUX, PGOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: Starbucks (SBUX), up 3.5%... Procter & Gamble (PG), up 2%... Oshkosh (OSK), up 9.1%... Halliburton (HAL), up 4.5%... Tempur-pedic (TPX), up 15.7%... ALSO HIGHER: Threshold Pharmaceuticals (THLD), up 10% after partner initiates Phase 3 MAESTRO study... STMicroelectronics (STM), up 4.4% following upgrade to Outperform at Exane BNP Paribas... Research in Motion (RIMM), up another 3.5% after Lenovo CFO said yesterday bid for RIM possible... DOWN AFTER EARNINGS/GUIDANCE: Microsoft (MSFT), down 0.8%... Hasbro (HAS), down 5.3%... 8x8 (EGHT), down 8.7%... Flextronics (FLEX), down 7.7%... E-Trade (ETFC), down 2.6%... Select Comfort (SCSS), down 14.9%.
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November 17, 2015
08:54 EDTSTMMaxim could be bidder for Fairchild, says Citi
Citi analyst Atif Malik views Maxim Integrated (MXIM) as a potential acquirer Fairchild Semiconductor (FCS). Bloomberg on October 13 reported that Fairchild was seeking advice for a potential sale, and listed potential acquirers as STMicroelectronics (STM), Infineon (IFNNY) and ON Semiconductor (ON). Bids from STM and ON seem unlikely, but Infineon and Maxim could be potential acquirers of Fairchild, Malik tells investors in a research note. In a bull case scenario, Fairchild's buyout value could reach $25 per share, the analyst contends. Fairchild closed yesterday at $17.76. Malik's peer at Citi, analyst Christopher Danely, argued today in research note that Maxim Integrated (MXIM) is unlikely to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Danely views Xilinx (XLNX) as a potential takeout target, potentially for Qualcomm (QCOM).
07:56 EDTMSFTUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:52 EDTSBUX, PGMorgan Stanley to hold a conference
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06:16 EDTMSFTMicrosoft turns around flawed security technology, NY Times says
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November 16, 2015
17:06 EDTOSKOshkosh files automatic mixed securities shelf
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17:02 EDTMSFT, SBUXPoint72 added to lululemon position, subtracted from Netflix position
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16:00 EDTMSFTOptions Update; November 16, 2015
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November 15, 2015
19:29 EDTMSFTMicrosoft delays, possibly kills tool to translate Android apps, Re/code says
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12:59 EDTHALBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link
November 13, 2015
16:00 EDTMSFTOptions Update; November 13, 2015
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09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
08:08 EDTETFCE-Trade reports October DARTs 144,607, up 4% from September
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06:27 EDTMSFTMicrosoft brings major updates to Xbox One, WSJ reports
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November 12, 2015
17:41 EDTMSFTValueAct discloses sale of 18.65M shares of Microsoft
In a regulatory filing, ValueAct disclosed the sale of 18.65M shares of Microsoft.
16:20 EDTETFCE-Trade, Jefferies announce retail alliance
E-Trade Financial (ETFC) and Jefferies, a wholly-owned subsidiary of Leucadia (LUK), announced a retail alliance to provide E-Trade customers with access to Jefferies' underwritings of municipal securities. Through this relationship, E-Trade customers have access to offerings originated by the Jefferies Municipal Securities platform. This builds on both firms' current alliance, in which E-Trade customers have access to Jefferies' underwritings of U.S. IPO and follow-on equity offerings, in place since January 2014.
16:00 EDTMSFTOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
13:24 EDTMSFTEarnings Watch: Cisco seeks to break out of trading rut with Q1 report
Cisco Systems (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Thursday, November 12 with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $12.65B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $12.55B-$12.81B. Along with its quarterly report, Cisco guided to Q1 EPS of 55c-57c and said it expects its revenue to increase 2%-4% year over year. LAST QUARTER: On August 12, Cisco reported fourth quarter EPS of 59c on revenue of $12.8B, beating consensus estimates of 56c and $12.65B for EPS and revenue, respectively. NEWS: On its Q4 earnings conference call, Cisco said that it was looking at acquisitions at the right price, particularly in areas like software and security. On August 31, Apple (AAPL) and Cisco announced a partnership to build a "fast lane" for iOS business users by optimizing Cisco networks for iOS devices and apps, integrating iPhone with Cisco enterprise environments and providing unique collaboration on iPhone and iPad. The next day, Cisco was among multiple other companies, including Amazon (AMZN), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla, and Netflix (NFLX), announcing the formation of the Alliance for Open Media to build next-generation media formats, codecs, and technologies in the public interest. On September 3, Business Insider reported that people at Cisco still though that chairman John Chambers was running the show as chief executive officer after appointing Chuck Robbins to that role last May. On September 15, Mandiant, a FireEye (FEYE) subsidiary, said in a blog post that researchers discovered previously unknown attacks on certain routers and that such attacks replace the operating system used in Cisco equipment. About a week later, the Wall Street Journal reported that Cisco was aiming to strengthen its business in China by joining forces with Inspur group, a move which was confirmed on September 24. On October 29, Cisco announced its intention to acquire 1 Mainstream. CNBC later reported that the company paid $100M-$150M to acquire 1 Mainstream. On November 9, Ericsson (ERIC) and Cisco announced a global business and technology partnership to "create the networks of the future." The companies said that the strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1B or more for each by 2018. STREET RESEARCH: On August 17, Morgan Stanley downgraded Cisco to Equal Weight from Overweight and maintained a $30 price target on the stock, saying it did not believe improved growth is "secular" and anticipates growth will revert to GDP like levels as the upgrade cycle concludes. Wells Fargo said on August 28 that a 10% selloff in communication tech stocks, including Cisco, had created an attractive buying opportunity. Bernstein said a week later that Cisco, Juniper (JNPR), and F5 Networks (FFIV) should be bought on wider macro economic weakness. On October 6, Citi initiated coverage of Cisco with a Buy rating and $30 price target. A week later, Barclays initiated coverage of Cisco with an Overweight rating and a $32 price target. On November 9, RBC Capital maintained an Outperform rating and $33 price target on Cisco, saying it expects the company to report slightly better than expected results. The next day, SunTrust maintained a Buy rating on Cisco, saying its partnership with Ericsson was a positive and should strengthen Cisco's service provider business. PRICE ACTION: In afternoon trading ahead of tonight's report, Cisco shares were up 0.5% to $27.97. In the last three months, Cisco shares are fractionally higher and virtually unchanged when discounting this afternoon's slight rise.
08:30 EDTMSFTMicrosoft volatility flat as shares trade near 14-year high
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08:15 EDTPGTarget names Melanie Healey to board of directors
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06:39 EDTMSFTMicrosoft unveils plan to protect European data from U.S. overreach, FT says
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