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January 24, 2013
19:20 EDTETFC, SBUX, FLEX, SCSS, INFA, MSFT, SYNA, TPXOn 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.
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October 1, 2015
18:02 EDTMSFTMicrosoft, ASUSTeK Computer broaden patent licensing engagement
Microsoft Corp. and ASUSTeK Computer announced the expansion of an earlier patent licensing agreement between the companies. The deal includes a broad cross-license covering, for example, ASUS Android-based phones and tablets and Microsoft software, devices and services. It paves the way for closer integration between the two companies, including pre-installation by ASUS of Microsoft Office productivity services on ASUS Android smartphones and tablets. The agreement also facilitates technology sharing toward the development of new, innovative product solutions.
11:53 EDTSBUXDunkin' Brands sinks after announcing plans to close 100 U.S. stores
Shares of Dunkin' Brands (DNKN), a franchisor of quick service restaurants specializing in coffee and baked goods, are falling after the company projected third quarter U.S. same-store sales that fell below the prior year period. Additionally, Dunkin' said it would close 100 stores in the U.S. in 2015 and 2016. WHAT'S NEW: This morning during its Investor & Analyst Day presentation, Dunkin' Brands repeated its adjusted earnings per share guidance for fiscal year 2015 of $1.87-$1.91, below analysts' consensus of $1.92. Revenue for the fiscal year is seen increasing 6%-8%, compared to the consensus of $808.07M. The company also repeated its FY15 Dunkin' Donuts U.S. SSS guidance of up 1%-3% and Baskin-Robbins U.S. SSS up 1%-3%. Looking further ahead, Dunkin' Brands said it is targeting up to 15% adjusted EPS growth over the next 5 years along with mid to high single digit revenue growth and 10%+ adjusted operating income growth. It's also targeting U.S. comps growth of 2%-4% over the next five years along with total net unit development of 4%-6%. WHAT'S NOTABLE: Dunkin' estimated that same-store sales will grow 1.1% in Q3 at its U.S. Dunkin' Donuts stores compared with a 2% increase in the year-ago period. Additionally, the company said it expects to close 100 Dunkin' Donuts U.S. stores in 2015 and 2016. Dunkin' noted that its gross openings forecast remains unchanged. PRICE ACTION: In late morning trading, Dunkin' Brands fell $5.34, or about 10.8%, to $43.71 on more than four times its average daily trading volume. Including today's pull back, the shares have lost approximately 1% over the past 12 months. OTHERS TO WATCH: Dunkin' Brands peers include Starbucks (SBUX) and Panera Bread (PNRA), which are down 0.1% and 1.05%, respectively.
10:00 EDTMSFTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMEC Foster Wheeler (AMFW) upgraded to Neutral from Underperform at Macquarie... Ares Capital (ARCC) upgraded to Outperform from Neutral at Macquarie... Celgene (CELG) upgraded to Overweight from Neutral at JPMorgan... Deutsche Boerse (DBOEY) upgraded to Overweight from Underweight at Barclays... Devon Energy (DVN) upgraded on valuation, catlysts at Bernstein... HeartWare (HTWR) upgraded to Market Perform from Underperform at Northland... IBERIABANK (IBKC) upgraded to Buy from Hold at Sandler O'Neill... (JD) upgraded to Buy from Hold at Deutsche Bank... Kirby (KEX) upgraded to Neutral from Underperform at Macquarie... Madison Square Garden (MSG) upgraded to Buy from Hold at Jefferies... Microsoft (MSFT) upgraded to Neutral from Underperform at BofA/Merrill... Newell Rubbermaid (NWL) upgraded to Buy from Neutral at B. Riley... Norfolk Southern (NSC) upgraded to Outperform from Peer Perform at Wolfe Research... Pernod Ricard (PDRDY) upgraded to Buy from Neutral at Goldman... RWE AG (RWEOY) upgraded to Sector Perform from Underperform at RBC Capital... SanDisk (SNDK) upgraded to Overweight from Equal Weight at Morgan Stanley... Steven Madden (SHOO) upgraded to Outperform ahead of earnings turn at Telsey Advisory... Trex Company (TREX) upgraded to Strong Buy from Buy at CL King... Universal Health (UHS) upgraded to Overweight from Sector Weight at KeyBanc... Western Digital (WDC) upgraded on transaction, valuation, momentum at Argus... Workday (WDAY) upgraded to Overweight from Equal Weight at Stephens.
06:23 EDTMSFTMicrosoft upgraded to Neutral from Underperform at BofA/Merrill
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September 30, 2015
17:30 EDTSBUXStarbucks is launching Mobile Order & Pay in the UK
Starbucks is launching Mobile Order & Pay in the UK, allowing customers to pre-order their favourite drinks and food in over 150 London stores and save time in the queue. The company said, "Rolling out from 1st of October, the new feature, available exclusively within the Starbucks App, offers customers greater convenience: the ability to customise their drink and food orders as well as time savings of up to 10-15 minutes. Using the App allows customers to order ahead from the Starbucks menu. Following confirmation, orders are immediately sent to the chosen local Starbucks store where baristas begin preparing the order and an approximate collection time is sent to the customer to pick up their order directly from their barista - skipping the queue. Users of the app are also rewarded with exclusive opportunities to earn Stars with the My Starbucks Rewards loyalty programme. The App has received a very positive response from customers in the United States where it has been available since December 2014. According to customer feedback, the App typically saves commuters and working people 10-15 minutes in their day; parents with young children find it easier to order ahead than stand in line, while speech and hearing-impaired customers have hailed the App as a 'game changer' in helping them to get their correct order, fast."
16:50 EDTMSFTMicrosoft, Google agree to end patent feud over phones, Xbox, Bloomberg says
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16:34 EDTSYNAOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street were sharply higher in the last day of the third quarter, but not by nearly enough to turn any of the major averages positive on a quarterly basis. The Dow ended the quarter with a loss of about 7.6%, the Nasdaq slid 7.4% and the S&P has lost 7% in the last three months. Investors hope the fourth quarter will be more profitable and the non-farm payrolls report for September and the kickoff of earnings season, which are both on the near-term horizon, will certainly have a say in whether that is the case. ECONOMIC EVENTS: In the U.S., payroll processor ADP reported that 200,000 jobs were added this month, topping expectations for 190,000 job additions. The Chicago PMI business barometer index fell to 48.7 in September, missing expectations for a reading of 53.6. Additionally, the Senate passed a continuing resolution, officially funding the government through December 11. In China, important data, including manufacturing PMIs and Caixin readings, will be released overnight, but Chinese markets will be closed for "Golden Week" from October 1 to October 7. COMPANY NEWS: Shares of Gap (GPS) and Ralph Lauren (RL) moved in opposite directions after an executive for one left to take over for an icon at the other. Stefan Larsson will step down as global president of Old Navy in order to become the new Chief Executive Officer of Ralph Lauren, replacing the man who founded the company that bears his name. At least three research firms downgraded Gap shares to sell or equivalent ratings and the stock fell 5.69% to $28.50 in the wake of the executive shake-up, while Ralph Lauren shares advanced 13.56% to $118.16... Re/code's Kara Swisher and Kurt Wagner reported, citing sources, that Twitter (TWTR) founder and interim CEO Jack Dorsey is set to be named permanent Chief Executive, possibly as soon as Thursday. Re/code noted that Dorsey will remain as CEO of Square, the payments company he also founded, and that the company is likely to reconfigure its board of directors, beginning with the departure of former CEO Dick Costolo. MAJOR MOVERS: Among the notable gainers were Rentrak (RENT) and comScore (SCOR), which advanced a respective 24.61% and 11.29% after announcing a stock-for-stock merger agreement. Also higher was Western Digital (WDC), which gained $10.57, or 15.35%, to $79.44 after a subsidiary of China's Tsinghua Holdings agreed to take a 15% stake in the company. Additionally, Synaptics (SYNA) rose 27.31% to $82.46 after Bloomberg reported that the company rejected a $110 per share bid from a state-backed Chinese investment group. Among the noteworthy losers was Barracuda Networks (CUDA), which crashed $8.01, or 34.01%, to $15.54 after its quarterly results and future guidance both fell short of analyst expectations. Also lower was Mellanox (MLNX), which fell $2.00, or 5.03%, to $37.79 after agreeing to acquire EZchip (EZCH) but failing to reiterate its guidance on a subsequent conference call. Separately, Universal Truckload (UACL) plunged 18.91% to $15.57 after guiding its Q3 results significantly below consensus estimates, after which the stock saw downgrades at research firms BB&T and Citi. INDEXES: The Dow advanced 235.57, or 1.47%, to 16,284.70, the Nasdaq added 102.84, or 2.28%, to 4,620.17, and the S&P 500 rose 35.94, or 1.91%, to 1,920.03.
11:14 EDTSYNASynaptics options active on report of rejected bid from Chinese investor
Synaptics October weekly 66 and 68 calls are active on total call volume of 4K contracts (2K puts) on a rejected a $110 per share takeover offer from a state-backed Chinese investment group, Bloomberg reports. October weekly call option implied volatility is at 125, October is at 77, November is at 64; compared to its 52-week range of 25 to 62. Active call volume suggests traders taking positions for upside price movement.
11:09 EDTMSFTMicrosoft to open flagship stores in Manhattan, Syndey
Microsoft announced that it plans to open a flagship store in Manhattan on Fifth Avenue and 53rd Avenue on October 26 and one at Westfield Sydney on Pitt Street Mall on November 12. On the company's blog, it said the flagship stores have been in the making for six years. Reference Link
10:49 EDTSYNASynaptics rejected $110/share bid from Chinese investor, Bloomberg reports
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10:25 EDTSYNASynaptics jumps after Bloomberg says takeover bid rejected
Shares of Synaptics (SYNA) jumped after Bloomberg reported that the company rejected a $110 per share takeover bid from a state-backed Chinese investment group. The supplier of custom-designed human interface solutions is trading up 19% to $77.34.
10:22 EDTSYNASynaptics halted for volatility after jumping 14% on Bloomberg report
10:21 EDTSYNASynaptics rejected $110/share bid from Chinese investor, Bloomberg reports
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08:45 EDTMSFTNVIDIA price target raised to $30 from $28 at JMP Securities
JMP Securities increased its price target on NVIDA (NVDA) after Microsoft's (MSFT) cloud platform began offering NVIDIA's Grid 2.0 GPU virtualization solutions, JMP says that Microsoft's move "paves the way for broader Cloud adoption and further entrenchment of Nvidia Quadro solutions." The firm reiterates an Outperform rating on the stock.
06:14 EDTMSFTRackspace expected to partner with Amazon, WSJ reports
Rackspace Hosting (RAX) is expected to partner with Amazon (AMZN) to make it easier for corporate customers to move computing operations to Amazon Web Services from their own facilities, The Wall Street Journal reports. According to two sources, the partnership, which is similar to an agreement Rackspace signed with Microsoft (MSFT) in July, will be announced at a conference for AWS users next week. Reference Link
September 29, 2015
06:01 EDTMSFTMicrosoft to host conference call
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September 28, 2015
16:34 EDTMSFTMicrosoft to change financial reporting structure
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13:13 EDTMSFTMicrosoft comments on privacy, Windows 10 on blog
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12:06 EDTMSFTMicrosoft acquires Adxstudio, terms not disclosed
Bob Stutz -- Corporate VP, Microsoft Dynamics CRM -- disclosed in a blog post that Microsoft has acquired has reached a definitive agreement to acquire key product and technology assets of Adxstudio Inc., a provider of Web portals, online engagement solutions and application lifecycle management solutions for Microsoft Dynamics CRM. Stutz says, "With this acquisition of our long-time partner, our customers will immediately be able to take advantage of new and exciting ways to engage with customers online." Terms of the deal have not been disclosed. Reference Link
10:43 EDTMSFTMicrosoft planning Google Cardboard VR competitor, TNW News says
Microsoft (MSFT) is working on a competitor to Google's (GOOG) Cardboard Virtual Reality program, TNW News reports. The Seattle-based tech giant is inviting participants to an event in Russia on October 17, offering cardboard headsets to those with "successful" suggestions, the report says. Microsoft is already developing its HoloLens "mixed reality" technology, the report says. Reference Link
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