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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:25 EDTLYV, LYV, DDD, DDD, IT, IT, P, P, BZ, BZ, JDSU, JDSU, NPTN, NPTN, EA, EA, PHRM, PHRM, VMW, VMWPiper Jaffray to hold a conference
Technology, Media & Telecomunications Conference is being held in New York on March 11-12 with webcasted company presentations to begin on March 12 at 8:30 am; not all company presentations may be webcasted. Webcast Link
News For VMW;PHRM;EA;NPTN;JDSU;BZ;P;IT;DDD;LYV From The Last 14 Days
Check below for free stories on VMW;PHRM;EA;NPTN;JDSU;BZ;P;IT;DDD;LYV the last two weeks.
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July 22, 2014
09:16 EDTPPandora should report strong Q2 results, says Pacific Crest
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07:35 EDTPPandora checks positive, says Oppenheimer
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06:56 EDTVMWElliot Management to consider activist options for EMC, NY Times reports
Elliot Management is expected to consider a push for the breakup of EMC (EMC) and spinoff VMware (VMW), reports the New York Times. Citing people briefed on the matter, the hedge fund is expected to meet with EMC executives this week after the company reports its quarterly earnings to determine whether to undertake a full-bore activist campaign. Reference Link
06:37 EDTDDDPiper recommends buying 3D space following pullback
Piper Jaffray recommends using the recent weakness in shares of 3D printing companies as a buying opportunity, saying its Q2 reseller/industry survey yielded favorable feedback. The firm has Overweight ratings on 3D Systems (DDD), Materialise (MTLS), Materialise (MTLS), Proto Labs (PRLB) and Stratasys (SSYS). It has a Neutral rating on Voxeljet (VJET).
July 21, 2014
16:22 EDTVMWOn The Fly: Closing Wrap
Stocks on Wall Street began the trading day in negative territory and remained there through nearly the whole session. The market action was influenced more by the geopolitical events in Russia and Israel than by the upcoming avalanche of earnings scheduled for release throughout the week. Despite the weak open and subsequent drop during the first hour of trading, the market drifted off its lows and managed to pare its losses, even turning mixed for a short time. The averages dipped again heading into the bell, though they closed well of their worst levels. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity Index dipped to 0.12 in June from a reading of 0.16 in May. COMPANY NEWS: Allergan (AGN) rose $3.74, or 2.23%, to $171.14 after the company's Q2 results and its FY14 outlook beat expectations. The company, which is working to fend off a proposed acquisition by Valeant Pharmaceuticals (VRX), also announced plans to cut its workforce by 13%, or about 1,500 employees, as part of a broader restructuring effort. In related news, Valeant announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business." Later in the day, Bill Ackman of Pershing Square, who is partnering with Valeant in its attempt to buy Allergan, called the restructuring a "Valeant light" effort and said Valeant does not need to raise its bid for Allergan. Ackman explained that he believes that shares of Valeant will rise around $10 should the Allergan board engage in takeover talks with the company and that a $10 share rise would boost Valeant's bid for Allergan by $8 per share. MAJOR MOVERS: Among the notable gainers was Extreme Networks (EXTR), which rose 69c, or 15.79%, to $5.06 after the company raised its Q4 earnings per share outlook and narrowed its Q4 revenue view. Also higher were shares of EMC (EMC), which advanced $1.35, or 5.0%, to $28.33 after the Wall Street Journal reported, citing sources, that activist investor Elliott Management has taken a stake of over $1B in the data-storage company and plans to push it to break itself up and spin off VMware (VMW), which is 80% owned by EMC. Shares of VMware fell $2.36, or 2.48%, to $92.95 following the Journal's report. Among the other noteworthy losers was Monster Beverage (MNST), which fell $3.07, or 4.53%, to $64.74 after Morgan Stanley downgraded the stock, citing slowing U.S. trends and balanced valuation. Also lower were shares of Yum! Brands (YUM), which fell $3.29, or 4.25%, to $74.13 after Associated Press reported that the company's KFC brand and McDonald's (MCD) were sold expired beef and chicken in China from food supplier Husi Food. Shares of McDonald's, which is scheduled to report on its quarter before tomorrow's market open, slid $1.44, or 1.45%, to $97.55. INDEXES: The Dow fell 48.45, or 0.28%, to 17,051.73, the Nasdaq dropped 7.44, or 0.17%, to 4,424.70, and the S&P 500 declined 4.59, or 0.23%, to 1,973.63.
12:10 EDTVMWOn The Fly: Midday Wrap
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07:34 EDTEAElectronic Arts execution should lead to multiple expansion, says Brean Capital
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06:27 EDTVMWElliott Management to push EMC to break up, WSJ reports
Elliott Management has taken a stake of over $1B in EMC (EMC), according to sources, and plans to push the data-storage company to break itself up, the Wall Street Journal reports. Elliott reportedly believes EMC's stock would get a boost from spinning off VMware (VMW), of which it owns an 80% stake. Reference Link
July 18, 2014
07:22 EDTEATotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTEAJune NPD video game software sales fell 3%, says Piper Jaffray
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July 16, 2014
09:03 EDTEAElectronic Arts price target raised to $44 from $37 at Sterne Agee
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July 15, 2014
10:13 EDTPPandora calls active on renewed takeover chatter
Pandora July 25.5 and 28 calls are active on total call volume of 6,800 contracts (400 puts) on renewed takeover chatter. July call option implied volatility is at 64, August is at 67, September is at 61; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:04 EDTPPandora spikes higher, testing resistance
The shares have spiked higher in the last five minutes off the low of the day, currently at $26.71. Traders may push to test resistance at yesterday's high at $27.19. Support is at $26.40, the prior session low.
09:58 EDTPRumor: Pandora moves up on renewed takeover chatter
08:53 EDTVMWVMware announces partnerships with China Telecom, Softbank
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06:41 EDTLYVYahoo, Live Nation concert program to launch tonight, NY Times says
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06:30 EDTPDOJ investigating music publishing, possible price coordination, WSJ reports
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06:06 EDTEAElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
July 11, 2014
08:12 EDTVMWVMware shares should be bought ahead of results, says Pacific Crest
After conducting checks, Pacific Crest believes that the performance of the company's stand-alone vSphere seems solid, while it is gaining traction in suites and end-user computing. The firm identifies VMware as its top pick heading into Q2 results.
06:10 EDTPJPMorgan expects solid Q2 results in Internet space
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