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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:25 EDTMCO, MCO, LNKD, LNKD, T, T, CIEN, CIEN, EMKR, EMKR, OCLR, OCLR, CSOD, CSOD, ULTI, ULTIPiper Jaffray to host a conference
Technology, Media and Telecommunications Conference is being held in New York on March 12-13 with webcasted company presentations to begin on March 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link
News For T;CIEN;EMKR;OCLR;CSOD;ULTI;MCO;LNKD From The Last 14 Days
Check below for free stories on T;CIEN;EMKR;OCLR;CSOD;ULTI;MCO;LNKD the last two weeks.
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May 17, 2013
06:49 EDTTAT&T initiated with an Equal Weight at Barclays
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May 16, 2013
12:24 EDTCIENOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
11:23 EDTCIENCiena spikes higher fueled by Cisco's results, levels to watch
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May 15, 2013
12:59 EDTTGoogle confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.
12:25 EDTTAT&T CEO sees mobile business stronger in Q2
On the AT&T presentation at the JPMorgan Global Technology, Media and Telecom Conference, the CEO of AT&T Randall Stephenson said he was disappointed in the mobility business in Q1. Stephenson said "2013 is going to be driven by pretty much the plan we outlined in the first of the year, and that is you are going to continue to see additional penetration, smartphone growth in our mobility business. And first quarter in mobility was probably not our best quarter; I don't think we executed very well in the first quarter. It was a bit disappointing to me." However the CEO is more optimistic about Q2, saying mobility will "look markedly better" than in Q1.
10:13 EDTCIEN, LNKDOn The Fly: Analyst Initiation Summary
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07:35 EDTTJPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link
06:46 EDTCIENCiena initiated with an Overweight at Evercore
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May 14, 2013
16:08 EDTLNKDLinkedIn initiated with a Neutral at RW Baird
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07:08 EDTMCOMoody's management to meet with Benchmark Co.
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06:07 EDTTAT&T may drop HTC Facebook phone, Bloomberg reports
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May 13, 2013
11:28 EDTLNKDLinkedIn management to meet with Maxim
Group breakfast to be held in New York on May 17 at 8:30 am hosted by Maxim.
07:58 EDTMCORating firms dodge an overhaul, WSJ reports
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May 12, 2013
12:01 EDTTAT&T, CWA reach tentative agreement in East wireline talks
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May 10, 2013
07:08 EDTTESPN considers subsidizing wireless data plans, WSJ reports
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May 9, 2013
16:13 EDTEMKREMCORE sees Q3 revenue $35M-$39M, consensus $50.57M
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16:13 EDTEMKREMCORE reports Q2 EPS 0c, consensus 1c
Reports Q2 revenue $42.3M, consensus $47.54M.
11:36 EDTTAT&T unit Aio Wireless launches no-annual-contract service
Aio Wireless, a subsidiary of AT&T, announced earlier the launch of a new nationwide wireless service without an annual contract. Aio expects the service to roll out in multiple markets across the U.S. over the next year, with an initial launch in select stores in Houston, Orlando and Tampa, and with additional stores in these three markets opening in the coming weeks. Aio’s unlimited talk, text, and data rate plans range from $35 to $70 per month, with pricing varying by market, and will offer 4G download speeds of up to 4Mbs per second. AT&T does not expect this announcement to change its January financial guidance, the company noted.
09:40 EDTTJefferies to host a conference
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05:50 EDTTSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
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