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Stock Market & Financial Investment News

News For TM;AAPL;MSFT From The Last 14 Days
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January 28, 2016
18:19 EDTAAPLBank of America, Wells Fargo to integrate Apple Pay in ATMs, TechCrunch says
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16:15 EDTMSFTMicrosoft reports Q2 Intelligent Cloud revenue up 5% to $6.3B
Reports Q2 Intelligent Cloud revenue up 5%, 11% in constant currency, to $6.3B. Reports server products and cloud services revenue grew 10% in constant currency. Reports Azure revenue grew 140% in constant currency with revenue from Azure premium services growing nearly 3x year-over-year. "Over one third of the Fortune 500 have chosen our Enterprise Mobility solutions, up nearly 3x year-over-year," said the company. Reports revenue in Productivity and Business Processes declined 2%, or grew 5% in constant currency, to $6.7B. Reports Office commercial products and cloud services revenue grew 5% in constant currency driven by Office 365 revenue growth of nearly 70% in constant currency. Reports Office 365 consumer subscribers increased to 20.6M. Reports revenue in More Personal Computing declined 5%, or down 2% in constant currency, to $12.7B. Reports Windows OEM revenue declined 5% in constant currency, driven by higher consumer premium and mid-range device mix. Reports Surface revenue increased 29% in constant currency driven by the launch of Surface Pro 4 and Surface Book. Reports Search advertising revenue excluding traffic acquisition costs grew 21% in constant currency with continued benefit from Windows 10 usage. Reports Xbox Live monthly active users grew 30% year-over-year to 48M.
16:10 EDTMSFTMicrosoft reports Q2 adjusted EPS 78c, consensus 71c
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16:00 EDTAAPL, MSFTOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures down 84c to 25.21 Option volume leaders: FB AAPL MSFT AMZN NFLX BAC BABA QCOM AAL MU C RIG
15:05 EDTMSFT, AAPLEarnings Watch: Analysts more bullish on Microsoft since last quarter's blowout
Microsoft (MSFT) is scheduled to report results of its second quarter of fiscal year 2016 after the market close on Thursday, January 28, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets computer, phone and gaming hardware. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $25.26B, according to First Call. The consensus range for EPS is 66c-75c on revenue of $24.62B-$25.92B. On its last earnings conference call, Microsoft said it expected Q2 productivity revenue of $6.6B-$6.67B, Q2 revenue for intelligent cloud of $6.2B-$6.3B and Q2 personal computing revenue of $12B-$12.4B. LAST QUARTER: On October 22, Microsoft reported first quarter earnings per share of 67c, beating the consensus analyst forecast of 59c. The company's revenue came in at $21.7B, topping the consensus estimate of $21.03B. NEWS: On December 17, Microsoft announced a new joint venture that will license, deploy, manage and optimize Windows 10 for China's government agencies and certain state owned enterprises and provide ongoing support and services for these customers. That announcement followed Microsoft inking a partnership with Baidu (BIDU) to make it easy for their customers to upgrade to Windows 10 while providing local browsing and search experiences, and universal apps. On January 4, Microsoft said in a blog post that operating system Windows 10 was currently active on over 200M devices, bringing the company closer to its goal of seeing Windows 10 active on more than 1B devices. STREET RESEARCH: On the day after the company's last earnings report, BofA Merrill Lynch analyst Kash Rangan upgraded Microsoft to Buy from Neutral, saying he believes the company was at a turning point with its operating income headed for growth following four years of flattish performance. At the time, Rangan increased his price target on the stock to $63 from $46. On November 20, Deutsche Bank analyst Ross Sandler wrote in a note to investors that actions taken by Google parent Alphabet (GOOG) and comments made by its executives indicated that the tech giant plans to make a major push in the cloud infrastructure market. Based on a comment from executive Urs Holzle that the company's revenue from the cloud could surpass its ad revenue by 2020, Sandler estimated that the company is seeking to boost its cloud revenue to $100B by 2020. Google's push in the cloud is negative for Microsoft, but it will take years for Google to build up its cloud business to the point where it's competitive with Microsoft's cloud offering, Azure, the analyst contended. On November 30, Raymond James analyst Michael Turits upgraded Microsoft two notches to Strong Buy from Hold, predicting that the tech giant will become one of the few large scale cloud vendors that can succeed across the industry's three main segments. Microsoft will emerge alongside Amazon (AMZN) and Google as part of a small group of "hyperscale" cloud vendors that can combine Infrastructure-as-a-Service, Platform-as-a-Service and Software-as-a-Service, predicted Turits. Forecasting that Microsoft's cloud revenue will grow at a compound annual growth rate of 6% between fiscal 2016 and fiscal 2018, the analyst estimated that the company's overall profit growth would accelerate to at least 8% over the long-term. Moreover, the growth of Microsoft's Office business appears to be accelerating, despite competition from Google, said Turits, who set a $62 price target on the shares. On January 13, Morgan Stanley analyst Keith Weiss upgraded Microsoft to Overweight, the firm's equivalent of a "Buy" rating, from Equal Weight. Microsoft is emerging as a public cloud winner, is gaining share in the data center market and Office 365 is seeing its base grow and its per user pricing increase, all of which set up the company to resume earnings growth after a five year period of stagnation, Weiss told investors. The analyst, who believes Microsoft's earnings growth and "aggressive" return of capital to shareholders should help its multiple expand, raised his price target on the stock to $66 from $57. This morning, UBS analyst Brent Thill said that given Apple's (AAPL) recent negative commentary around macro uncertainty he was lowering his second half of the year estimates for Microsoft on the potential for more conservative guidance when it issues its Q2 report after the closing bell. Thill trimmed his price target on Microsoft to $58 from $60, but said he remains confident the company is making the right moves to the cloud and kept a Buy rating on shares. PRICE ACTION: On the day after the company's last quarterly report, Microsoft shares jumped 10.4% to $53.03. In late afternoon trading ahead of Thursday's report, Microsoft advanced 1.25% to $51.86.
14:32 EDTMSFTMicrosoft January weekly 52 straddle priced for 5.5% movement into Q2
14:29 EDTMSFTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
14:17 EDTAAPLApple acquires education technology startup LearnSprout, Bloomberg says
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13:53 EDTAAPLApple acquires education technology startup LearnSprout, Bloomberg reports
13:07 EDTAAPLFacebook says expanding ability to share live video in U.S. via iPhone
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12:41 EDTMSFTMicrosoft technical notes before earnings
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10:44 EDTMSFTStocks with call strike movement; AMZN MSFT
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10:34 EDTAAPLApple supplier Cirrus jumps after results beat expectations
The shares of Cirrus Logic (CRUS) are surging after the company reported stronger than expected third quarter results last night. Research firm Oppenheimer responded to the news by upgrading the stock to Outperform from Market Perform. Cirrus, which develops integrated circuits, is said to get about 75% of its revenue from Apple (AAPL). WHAT'S NEW: Cirrus reported Q3 EPS of 82c, versus analysts' consensus outlook of 81c. The company's revenue also came in slightly above expectations. However, it provided Q4 revenue guidance of $225M at the midpoint of their range of $210M-$240M, versus the consensus outlook of about $260M. However, Cirrus said that it continues to expect its revenue to increase more than 15% in its upcoming fiscal year. "Short-term weakness for certain audio products" caused Cirrus' Q3 results and Q4 outlook to be weaker than the company originally expected, the company stated. iPhones, whose sales came in below analysts' consensus forecast last quarter, utilize audio products from Cirrus. Cirrus CEO Jason Rhode said he remains upbeat about the company's prospects, stating, "We are confident that our strategy of focusing on innovative market leading customers in the fastest growing audio and voice segments will fuel future growth." Rhode added that Cirrus expects to sell more products to its existing customers going forward. ANALYST REACTION: Oppenheimer analyst Rick Schafer upgraded Cirrus to Outperform from Market Perform in a note to investors today. Apple will utilize a smart codec from Cirrus to reduce noise in the earbuds of the upcoming iPhone 7 device, Schafer predicted. As a result, Cirrus will obtain an average of about $5.50 for each iPhone 7 sold, up from about $3.50 for the iPhone 6 and iPhone 6+, the analyst estimated. Meanwhile, Cirrus is selling more of its smart codecs and audio amps to Android smartphone makers, accrding to Schafer. He raised its 2017 EPS estimate for the company to $3.30 from $2.74, and he thinks the company's results could beat expectations through the second half of this year. Schafer set a $40 price target on the shares. PRICE ACTION: In early trading, Cirrus climbed 15.5% to $32.29.
10:28 EDTTMTakata CEO plans to resign, WSJ reports
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10:05 EDTAAPLApple recalls wall plug adapters outside the U.S.
Apple announced a voluntary recall of AC wall plug adapters designed for use in Argentina, Australia, Brazil, Continental Europe, New Zealand and South Korea. "In very rare cases, affected Apple two-prong wall plug adapters may break and create a risk of electrical shock if touched," the iPhone maker said in a statement. The wall plug adapters shipped with Mac and certain iOS devices between 2003 and 2015 and were also included in the Apple World Travel Adapter Kit. Apple is aware of 12 incidents worldwide. The recall does not affect any other Apple AC wall plug adapters designed for Canada, China, Hong Kong, Japan, United Kingdom, United States or any Apple USB power adapters.
09:38 EDTAAPL, MSFTActive equity options trading on open
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08:50 EDTMSFTUBS trims Microsoft estimates for second half on macro uncertainty
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08:04 EDTMSFTHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
07:46 EDTAAPLNew iPad Air production to start in Q2, Digitimes reports
Apple is anticipated to unveil its new edition of the iPad Air in March 2016 and production will begin in Q2, with General Interface Solution and TPK to supply touch panels, Digitimes reports, citing Taiwan-based supply chain makers. The new iPad will reportedly come with a 4K resolution panel and up to 4GB in RAM, as well as better battery life, the report says. Reference Link
07:15 EDTAAPLMarathon Patent Group announces trial date of May 2 in case against Apple
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