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Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:00 EDTGOOG, CTXS, MSFT, EMC, VMW, AMZN, RHTWells says VMware growth could slow, downgrades shares
Shares of cloud computing infrastructure provider VMware (VMW) are dropping slightly after Wells Fargo downgraded the stock due to concerns about the company's growth outlook. Meanwhile, in comments made to The Wall Street Journal, VMware's CEO suggested that the company was unlikely to be acquired. WHAT'S NEW: VMware will have difficulty achieving analysts' consensus growth expectations over the next 6-18 months, Wells Fargo predicted. The company will have difficulty sustaining its current mid-teen percentage growth rates in its fiscal 2015, the firm added. Growth in VMware's core virtualization business should slow sooner or later, and the company's new products probably won't grow quickly enough to compensate, the firm forecast. Wells downgraded VMware to Market Perform from Outperform and cut its price target range on the stock to $98-105 from $107-$112. The firm prefers two other software infrastructure companies, Red Hat (RHT) and Citrix (CTXS). Citrix has easy comparisons and better execution than VMware, while its valuation is depressed, the firm believes. Meanwhile, Red Hat could see 15% or better revenue growth and an increase in its multiple, Wells predicted. The firm kept Outperform ratings on Citrix and Red Hat. WHAT'S NOTABLE: Asked if it will be tough for VMware to remain independent, the company's CEO, Patrick Gelsinger, suggested that to buy VMware, an acquirer would also have to purchase its parent, EMC (EMC), The Wall Street Journal reported today. As a result, the acquirer would have to pay $60B for EMC, including a premium, the CEO added. EMC owns 80% of VMware. In the interview, Gelsinger identified the "key cloud-tech companies" that matter in the long term as his own, Google (GOOG), Amazon (AMZN), and Microsoft (MSFT), which he said has the most "comparable view" to VMware's. PRICE ACTION: In mid-morning trading, VMware fell 0.8% to $94.45.
News For VMW;CTXS;RHT;EMC;GOOG;AMZN;MSFT From The Last 14 Days
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July 16, 2015
16:06 EDTGOOGGoogle reports Q2 websites revenue $12.4B, up 13% year-over-year
Reports Q2 Network Members' websites revenue $3.62B, up 2%.
16:05 EDTGOOGGoogle reports Q2 non-GAAP operating margin 34% vs. 32% last year
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16:04 EDTGOOGGoogle revises income tax expense by $711M for incorrect classification
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16:02 EDTGOOGGoogle reports Q2 EPS $6.99, consensus $6.71
Reports Q2 revenue $17.73B, consensus $17.75B.
16:00 EDTAMZNOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
15:02 EDTGOOGNotable companies reporting after market close
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14:24 EDTVMWVMware July weekly volatility elevated into Q4 and outlook
VMware July weekly call option implied volatility is at 51, August is at 31, October is at 26; compared to its 52-week range of 21 to 47, suggesting large near term price movement into the expected release of Q4 results on July 21.
14:00 EDTGOOGGoogle July 572.5 straddle priced for 3.8% movement into Q2
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13:11 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
Microsoft July weekly call option implied volatility is at 36, August is at 27, September is at 20 compared to its 52-week range of 15 to 29, suggesting large near term price movement into the expected release of Q4 results on July 21.
13:02 EDTGOOGEarnings Watch: Analysts positive on Google long-term outlook ahead of Q2 report
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12:30 EDTAMZNAmazon says Prime Day order growth 18% more than Black Friday 2014
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12:18 EDTAMZNAmazon's Prime Day sales exceed Black Friday sales, breaks record
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10:00 EDTAMZNAmazon says HBO NOW available on Fire Tablets
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10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:10 EDTMSFTMicrosoft to acquire FieldOne Systems, terms not disclosed
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08:26 EDTAMZNAmazon.com shares likely to rise after Q2 results, says Oppenheimer
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07:38 EDTGOOGGoogle July volatility elevated into Q2 and outlook
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06:45 EDTGOOGGoogle upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Daniel Salmon upgraded Google (GOOGL, GOOG) to Outperform from Market Perform and raised his price target for the stock to $670 from $570. The search giant's Class A shares closed yesterday down 22c to $583.96. The upgrade is not a call on tonight's quarterly results, but reflects a belief that second half of 2015 and 2016 estimates will move higher on margin stabilization, Salmon tells investors in a research note. A focus on investing in key growth areas coupled with a steady revenue outlook should drive Google shares higher, the analyst writes.
05:46 EDTMSFTMicrosoft's new Surface expected to be available in October, DigiTimes reports
Microsoft's new Surface tablet is expected to be launched in October after upstream supply chains have been notified to start mass shipments of components in September, reports DigiTimes. According to sources, Microsoft's Surface Pro shipments were 200K-250K units per month in Q1 and its monthly tablet shipment volume rose to above 300K. Sources say Microsoft's monthly tablet shipments may have a chance to reach 500K-600K units. Reference Link
05:46 EDTMSFTMicrosoft may increase smartphone outsourcing in Taiwan, Vietnam, DigiTimes says
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