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Stock Market & Financial Investment News

News Breaks
January 25, 2013
08:32 EDTMCP, EGHT, THLD, ETFC, RIMM, TPX, FLEX, STM, OSK, HAL, SBUX, PG, MSFTOn 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%.
News For SBUX;MSFT;PG;HAL;OSK;TPX;THLD;STM;RIMM;EGHT;FLEX;ETFC;MCP From The Last 14 Days
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March 2, 2015
05:55 EDTMSFTMicrosoft introduces Lumia 640 and Lumia 640 XL
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March 1, 2015
18:28 EDTMSFTBlackBerry expands cross platform strategy
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February 27, 2015
07:53 EDTPGKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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05:55 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 26, 2015
14:02 EDTMSFTMicrosoft shutting down two factories in China, Want China Times reports
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07:10 EDTSBUXStarbucks price target raised to $108 from $97 at Jefferies
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06:53 EDTSBUXKFC to test edible coffee cup in U.K., NY Times says
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06:27 EDTMSFTMicrosoft increases orders to China makers, DigiTimes reports
Microsoft is increasing orders to China makers and away from Taiwan makers, reports DigiTimes. Microsoft has become increasingly concerned over costs and is adjusting its supply chain to receive components at more competitive pricing that previously received from Taiwan makers. Reference Link
06:13 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
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February 25, 2015
10:34 EDTMSFTHP slide after currency driven guidance cut called buying opportunity
The shares of Hewlett-Packard (HPQ) are falling after the company reported lower than expected first quarter revenue and sharply lowered its free cash flow guidance and cut its fiscal year profit view. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. BACKGROUND: HP reported slightly higher than expected Q1 profits, but its revenue came in below expectations. The company sharply lowered its fiscal 2015 free cash flow guidance to $3.5B-$4B from its previous outlook of $6.5B-$7B. The tech giant also lowered its fiscal 2015 EPS guidance to $3.53-$3.73 from its previous outlook of $3.83-$4.30. "While we were able to manage the impact of currency in the quarter and deliver earnings as expected, we believe the impact on FY15 will be significantly greater than we anticipated in November. We'll work hard to offset these impacts through re-pricing and productivity, but fully mitigating currency movements of this size would require reducing investments and mortgaging our future. We won't do that," said HP CEO Meg Whitman. ANALYST REACTION: The decline in HP's EPS guidance was entirely due to foreign currency fluctuations, while most of the cut in its free cash flow guidance was caused by one-time costs related to the upcoming split of HP into two separate companies, Citi analyst Jim Suva stated. Most of the company's businesses "continue to perform well or at least make progress," wrote Suva. The decline in the stock has created an attractive entry point for investors who are looking to own the shares in order to benefit from the break-up, according to the analyst. He kept a Buy rating on the shares. Bernstein analyst A.M. Sacconaghi was less upbeat on HP's outlook, but also recommended buying the shares on today's weakness. Although revenue estimates for HP may be too high, the stock's valuation remains attractive, as it is the second least expensive tech stock in the S&P 500, according to Sacconaghi, who believes the shares are worth $45-$50. Cautioning that HP's stock is likely "to be in the penalty box" in the near-term, Sacconaghi nonetheless believes that the shares could get a significant boost when the company provides more information about its spin-off. He recommended that investors buy the stock on today's weakness and kept an Outperform rating on the shares. HP's fundamentals haven't changed, as the company continues to expect its revenue to remain flat in fiscal 2015, and it has not changed its capital return guidance, Brean Capital analyst Ananda Baruah stated. The company also continues to expect free cash flow of at least $5B-$6B in 2016 and beyond, Baruah added. Moreover, HP's share repurchases are unlikely to be significantly reduced as a result of the decline in its free cash flow guidance, the analyst predicted. Baruah recommended buying the stock on today's weakness and kept a $45 price target and Buy rating on the shares. PRICE ACTION: In early trading, HP fell 9.5% to $34.84. OTHERS TO WATCH: Other large cap PC levered names are also weak in morning trading after HP's report last night, with Microsoft (MSFT) down 0.25% and Intel (INTC) down 1.2%.
09:48 EDTMSFTIDC reports 96.3% smartphone marketshare for iPhone, Android
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08:54 EDTHALHalliburton weakness creates buying opportunity, says BMO Capital
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07:18 EDTSBUXPiper bumps Starbucks price target up to $107
Piper Jaffray raised its price target for shares of Starbucks to $107 from $102 saying it has increased conviction in the achievability of its estimates over the next five years after traveling with management. Piper remains confident in its prediction that Starbucks will double earnings and reach a $100B-plus market capitalization in less than five years. It reiterates an Overweight rating on the stock.
05:54 EDTMSFTStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
06:04 EDTSBUXStarbucks to stop selling CDs as it moves to other formats, Mashable says
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February 23, 2015
12:40 EDTSBUXStarbucks pushing China employees to open new stores, WantChinaTimes says
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07:37 EDTHALCredit Suisse to hold a summit
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06:06 EDTHALStocks with implied volatility movement; JNJ NUGT
Stocks with implied volatility movement; Halliburton (HAL) 32, Rite Aid (RAD) 34 according to iVolatility.
February 20, 2015
12:47 EDTEGHT8x8, Inc. management to meet with Craig-Hallum
Meeting to be held in San Diego on February 25 hosted by Craig-Hallum.
07:10 EDTSBUXBrean Capital to hold a bus tour
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