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Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:00 EDTMSFT, EMC, VMW, AMZN, RHT, GOOG, CTXSWells 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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June 19, 2015
16:00 EDTAMZNOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
14:49 EDTGOOGEU sends charge sheet to Google, demands search changes, WSJ reports
The European Union sent a formal charge sheet to Google in April, within which it demands changes to the way Google ranks rival shopping services in its general search results that go far beyond the company's own proposal last year to settle the concerns, said The Wall Street Journal, citing three people familiar with the matter. Reference Link
13:38 EDTRHTOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU PIR RHT BLUE KMX RAD KBH ADBE ACM KR
12:53 EDTGOOGEU demands Google make changes in new charge sheet, DJ reports
10:32 EDTGOOGTwitter calls active on renewed takeover chatter
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10:22 EDTGOOGRumor: Twitter active on rewewed takeover chatter by Google
Shares or Twitter (TWTR) are moving higher amid renewed speculation Google (GOOG) may make a bid for the company.
09:37 EDTAMZNActive equity options trading on open
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09:00 EDTRHTRed Hat position should be added to on pullbacks, says Baird
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08:22 EDTAMZNChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link
08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
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08:06 EDTRHTRed Hat price target raised to $85 from $79 at Stifel
Stifel believes that Red Hat reported solid Q1 results, and the firm thinks the company will have significant leverage over time. The firm believes that the company has continued momentum and it keeps a Buy rating on the shares.
07:51 EDTMSFTGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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07:44 EDTGOOGTamr receives $25.2M in financing from HP Ventures, Thomson Reuters, others
Tamr announced that it has raised $25.2M in Series B financing from Hewlett Packard Ventures (HPQ); Thomson Reuters (TRI); MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company and others. Current Tamr investors NEA and Google Ventures (GOOG) also participated in the round. Tamr will use the funds to significantly grow sales as well as product engineering for Tamr’s scalable data unification platform.
07:26 EDTGOOGOxford Sciences raises GBP320M from Dunstone, Google Ventures, Telegraph says
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07:20 EDTRHTRed Hat price target raised to $88 from $78 at UBS
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07:15 EDTRHTRed Hat well positioned for sustained growth, says Stephens
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07:11 EDTRHTRed Hat reported strong Q1 results, healthy guidance, says Cantor
Cantor believes that Red Hat's core business is strong, while its emerging technologies are showing strong growth. The firm raised its price target on the name to $90 from $85 and keeps a Buy rating on the stock.
06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTMSFT, GOOGEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
05:52 EDTAMZNStocks with implied volatility movement; AMZN QCOM
Stocks with implied volatility movement; Amazon.com (AMZN) 24, Qualcomm (QCOM) 19 according to iVolatility.
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