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Stock Market & Financial Investment News

News Breaks
January 24, 2013
19:20 EDTFLEX, SCSS, INFA, MSFT, SYNA, TPX, ETFC, SBUXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Tempur-Pedic (TPX), up 14%... Informatica (INFA), up 7.5%... Starbucks (SBUX), up 2.8%... Synaptics (SYNA), up 11.5%... DOWN AFTER EARNINGS: Select Comfort (SCSS), up 18.4%... E-Trade (ETFC), down 2.8%... Microsoft (MSFT), 1.3%... ALSO LOWER: Flextronics (FLEX), down 6.2% after reporting Q3 earnings and saying it expects to take pre-tax charges of $100M-$125M in Q4.
News For TPX;INFA;SBUX;SYNA;SCSS;ETFC;MSFT;FLEX From The Last 14 Days
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May 14, 2015
08:06 EDTETFCE-Trade reports April DARTs 157,442, down 1% from March
E*TRADE Financial Corporation released its Monthly Activity Report for April 2015. Daily Average Revenue Trades for April were 157,442, a one percent decrease from March and an eight percent decrease from the year-ago period. The Company added 37,077 gross new brokerage accounts in April, ending the month with approximately 3.2 million brokerage accounts — an increase of 8,315 from March. Net new brokerage assets were negative $0.4B in the month. During the month, customer security holdings increased by one percent, or $3.1B, and brokerage-related cash decreased by $0.3B to $41.3B. Bank-related cash and deposits decreased by $0.3B, ending the month at $5.5B. Customers were net sellers of approximately $0.5B in securities during the month.
May 13, 2015
16:01 EDTMSFTMicrosoft blog post refrains from using 'Windows Phone' branding
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15:04 EDTMSFTEarnings Watch: Cowen says Cisco better positioned than most believe
Cisco Systems (CSCO) is scheduled to report results of its third fiscal quarter after the market close on Wednesday, May 13, 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 53c on revenue of $12.07B, according to First Call. The consensus range for EPS is 52c-54c on revenue of $11.99B-$12.46B. Along with its last quarterly report, Cisco guided for Q3 EPS of 51c-53c and said it expects its revenue to be up 3%-5% in the quarter compared to the prior year. LAST QUARTER: On February 1, Cisco reported second quarter EPS of 53c, beating the consensus analyst forecast of 51c. Revenue came in at $11.94B, topping the $11.8B consensus forecast. At that time Cisco also raised its quarterly dividend to 21c from 19c. NEWS: On March 11, Cisco announced an extension of its cloud and data center relationship with Microsoft (MSFT) to include a new technology platform designed to accelerate service delivery and streamline the journey to the Intercloud for cloud providers. The new integrated solution combines Windows Azure Pack and Cisco Application Centric Infrastructure to help cloud providers "rapidly deliver hybrid cloud services while drastically simplifying operations and reducing costs," the company said. On May 4, Cisco announced that its board has appointed Chuck Robbins, who most recently served as Cisco's senior vice president of worldwide operations, as CEO, effective July 26. Current CEO John Chambers will assume the role of executive chairman and will continue to serve as the chairman of Cisco's board. STREET RESEARCH: On the day after the company's last report, research firm Piper Jaffray said it saw little downside risk in Cisco shares and believes Cisco is benefiting from a switching upgrade cycle that should sustain throughout 2015. The firm kept an Overweight rating on the stock with a $33 price target. Conversely, Citigroup said that despite the improving demand seen in Q2, Cisco shares remained fully priced at its levels at that time. Citi raised its price target for shares to $25 from $22, but kept a Sell rating on the name. The day after Cisco announced its CEO transition plan, Cowen said it thinks the company is better positioned and business is trending better than most investors believe, as evidenced by the timing of its CEO change. The firm, which believes Robbins is an excellent choice to replace Chambers, reiterated its Outperform rating and $35 price target on Cisco shares. Earlier this week, Pacific Crest upgraded Cisco to Outperform from Sector Perform, as the firm believes the April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. Pacific Crest, which thinks improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016, set a $36 price target for Cisco shares. PRICE ACTION: In afternoon trading ahead of Wednesday's report, Cisco shares are up fractionally to $29.30. In the last three months, Cisco shares have declined about 0.5%.
13:43 EDTFLEXAlcatel-Lucent, Flextronics sign LOI for sale of Trieste optical transport plant
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10:01 EDTMSFTOn The Fly: Analyst Upgrade Summary
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07:32 EDTINFA, FLEXCLSA to hold a conference
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06:07 EDTMSFTMicrosoft upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Karl Keirstead upgraded Microsoft to Buy saying weak PC market sentiment is priced into the stock at current levels while Azure and Office 365 optimism is "just starting" to take hold. The analyst sees more positive than negative catalysts and raised his price target for Microsoft shares to $55 from $44. Shares of the computing giant closed yesterday down 2c to $47.35.
May 12, 2015
15:46 EDTSBUXExpert claims some Starbucks customers hacked, CNBC reports
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10:27 EDTMSFTAppeals court upholds InterDigital loss in patent fight with Microsoft, ZTE
The U.S. Court of Appeals for the Federal Circuit affirmed the final determination of the International Trade Commission finding no violation of Section 337 of the Tariff Act was committed by Microsoft (MSFT) and ZTE related to patents held by InterDigital (IDCC). The patents at issue in the case are directed to cellphone technology, and in particular, code division multiple access networks, according to the appeals court ruling.
08:32 EDTSCSSBlue Clay withdraws slate of nominees for election to Select Comfort board
Blue Clay issued an open letter to shareholders of Select Comfort announcing that, in recognition of the company's progress in implementing Blue Clay's recommended actions, Blue Clay has determined to withdraw its slate of two director nominees for election to the Board of Directors of the Company at its upcoming 2015 annual meeting. In the letter, Blue Clay commented, "Since we submitted our nominations on December 4, 2014, as the Board and management began implementing our recommended changes and supported the stock with increased share repurchases and investor communication, the Company's stock price has increased by 21.9%. As long-term holders, we are hopeful the Company will continue to make changes that benefit shareholders. Specifically, we hope that the Company will move to open the four remaining markets previously identified by management to be developed by 2014, close the significant gap to historical margin guidance, and further improve capital allocation by returning more cash to shareholders and reducing annual capital expenditures to focus on new store growth once the ERP and store remodel and relocation program are concluded later this year. In recognition of the company moving in the overall direction of our recommendations, we are withdrawing our slate of two director nominees for election to the Board at this year's annual shareholders meeting."
May 11, 2015
16:37 EDTSYNASynaptics appoints Wajid Ali as CFO
announced the appointment of Wajid Ali as SVP and CFO. Ali replaces Synaptics' current CFO, Kathleen Bayless, who announced her retirement in December 2014. Ali joins Synaptics from Teledyne Technologies.
15:07 EDTTPXFollow-up: Tempur Sealy downgraded at Raymond James
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14:00 EDTTPXTempur Sealy downgraded to Market Perform from Outperform at Raymond James
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13:17 EDTMSFTMicrosoft invests in subsea cables to connect datacenters globally
Microsoft (MSFT) announced in a blog post that over the past nine months, "Microsoft has been significantly investing in subsea and terrestrial dark fiber capacity by engaging in fiber partnerships that span multiple oceans and continents. And today, our connections across the Atlantic and Pacific just got stronger.We announced deals with Hibernia and Aqua Comms, in which Microsoft is investing in a cable with each company to connect Microsoft’s datacenter infrastructure from North America to Ireland and on to the United Kingdom. These cables will help deliver data at higher speeds, with higher capacity and lower latency for our customers across the globe. Additionally, we joined a consortium comprised of China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), Chunghwa Telecom (CHT), KT Corporation (KT) with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere." Reference Link
09:37 EDTMSFTActive equity options trading on open
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09:18 EDTTPXTempur Sealy announces CEO Mark Savary to step down on May 12, 2015
Tempur Sealy announced that Mark Sarvary will step down as the company's President and CEO on May 12, 2015. The Tempur Sealy board has appointed Timothy Yaggi, currently COO, to serve as interim CEO of Tempur Sealy, effective upon Sarvary's resignation.
09:16 EDTSYNASynaptics likely won LG and Samsung design wins, says OTR Global
OTR Global said Synaptics likely gained the TDDI chip for the new LG G4, the fingerprint sensor in the Samsung Galaxy Note 5, and a design win for a Lenovo smartphone expected to ship in late Q2.
07:06 EDTSCSSSelect Comfort says proxy advisory firms recommend investors vote for nominees
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06:29 EDTETFCE-Trade management to meet with Jefferies
Meeting to be held in Los Angeles on May 11 hosted by Jefferies.
06:11 EDTMSFTStocks with implied volatility below IV index mean; LNKD NFLX
Stocks with implied volatility below IV index mean; LinkedIn (LNKD) 28, Netflix (NFLX) 26 according to iVolatility.
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