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Stock Market & Financial Investment News

News Breaks
February 23, 2012
20:19 EDTZQK, WFT, THLD, GOOG, PG, NLY, HPQ, OPEN, AZN, AGNC, CNX, CRM, IBM, VVUSJim Cramer's "Mad Money"
Jim Cramer dedicated his first segment to the art of the calculated long-shot. He always preached diversification, staying in a mix of stocks to minimize their downside risk. But Cramer said that he also always preaches speculation, picking one stock with huge upside potential. One of those speculative picks paid off big Thursday was Vivus (VVUS) -- a fledgling drug maker that received approval for the first weight-loss drug to be approved in over 13 years. The shares soared over 78% Thursday. He said investors need to stay with the tried and true stocks, those like IBM (IBM) and Procter & Gamble (PG), both of which enjoyed small rallies Thursday, but having a speculative stock like Vivus makes investing all the more enjoyable. EXECUTIVE DECISION: Cramer spoke with Marc Benioff, CEO of Salesforce.com (CRM), a stock that came under fire when it last reported in November, but also one that was able to redeem itself Thursday with a 3c earnings beat on a 38% rise in revenues yoy. Cramer said Salesforce.com continues to deliver and he continued to recommend the stock. Then, Cramer sat down with Matt Roberts, president and CEO of OpenTable (OPEN), a momentum stock that fell out of favor in late-2011 but has since been crawling back to life, up 45% from its November lows. Roberts said he sees tremendous growth opportunities as only 12% of all restaurant reservations are currently being made online. He dispelled the notion that higher gas prices slow the company's growth. And said that Google (GOOG) is a partner, not a competitor. Cramer said that OpenTable's market cap is too small given the size of the opportunities the company has yet to address. He once again recommended owning the stock. SELL BLOCK: Consol Energy (CNX) has major headwinds. Cramer said with coal and natural gas both in the doghouse, Consol Energy should be there as well. NO HUDDLE OFFENSE: Cramer said the tech industry is filled with once great companies that have faltered and Hewlett-Packard (HPQ) may be next in line. The company has drained its resources, leaving it vulnerable. Previous management made a slew of terrible decisions, from stock buybacks at inflated prices to acquisitions that made no sense, Cramer said. New CEO, Meg Whitman, has a mixed track record of success, said Cramer, and her comments Thursday offered no real vision or cost-cutting initiatives. He advised investors to steer clear of Hewlett and invest in their rivals, as HP is now too big for a takeover, too complex to be broken up and too drained to advance under its own power. LIGHTNING ROUND: (Bullish) THLD; AGNC; NLY. (Bearish) WFT; AZN; ZQK. Reference Link
News For VVUS;IBM;PG;CRM;OPEN;GOOG;CNX;HPQ;THLD;AGNC;NLY;WFT;AZN;ZQK From The Last 14 Days
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January 20, 2015
16:15 EDTIBMIBM reports $128B services backlog
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16:13 EDTIBMIBM reports Q4 revenue from Hardware down 39%
Revenues from continuing operations for the Systems and Technology segment totaled $2.4B for the quarter, down 39% (down 12 percent, adjusting for the impact of the divested System x business and currency) from the fourth-quarter of 2013. Systems and Technology pre-tax income increased 12% and pre-tax margin increased to 15.5%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. Revenues from Power Systems were down 13% (down 11 percent, adjusting for currency) compared with the 2013 period. Revenues from System z mainframe server products decreased 26% (down 23 percent, adjusting for currency). Revenues from System Storage decreased 8 percent (down 5 percent, adjusting for currency).
16:11 EDTIBMIBM reports Q4 revenue from Software Segment revenue down 7%
Revenues from the Software segment were $7.6B, down 7% (down 3 percent, adjusting for currency) compared with the fourth-quarter of 2013. Software pre-tax income decreased 11% and pre-tax margin decreased to 44.7%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $5.4B, down 6% (down 3 percent, adjusting for currency) versus the fourth-quarter of 2013. Operating systems revenues of $557M were down 19% (down 16 percent, adjusting for currency) compared with the prior-year quarter.
16:10 EDTIBMIBM reports Q4 Global Services segment revenue down 8%
Global Services segment revenues decreased 8% to $13.5B. Global Technology Services segment revenues decreased 8 percent (up 2 percent adjusting for the impact of the divested customer care outsourcing and System x businesses and for currency) to $9.2B. Global Business Services segment revenues were down 8% (down 3 percent, adjusting for currency) to $4.3B. Pre-tax income from Global Technology Services decreased 26% and pre-tax margin decreased to 15.6%. Global Business Services pre-tax income decreased 22% and pre-tax margin decreased to 16.4%. Pre-tax income and margin include the impact of the fourth-quarter workforce rebalancing charge. The estimated services backlog at December 31, 2014 was $128B, flat year to year adjusting for the divested customer care outsourcing and System x businesses and currency.
16:07 EDTIBMIBM reports Q4 EPS $5.81, consensus $5.41
Reports Q4 revenue $24.1B, consensus $24.77B.
15:24 EDTIBMEarnings Preview: IBM estimates cut by Jefferies, BofA ahead of report
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15:21 EDTIBMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:28 EDTIBMIBM January weekly 155 straddle priced for 4.1% movement into Q4
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13:29 EDTIBMIBM technical notes ahead of earnings
The stock is trading close to its 52-week low and multi-year low at $150.50 ahead of earnings news. At the current price of $154.47 it would not take much in the form of negative news for that low to be tested. On a breakdown below $150, next support would be at $146.30, $141.18, and $135.23. If the news is not as negative as traders appear to be positioned for, the following resistance levels could become upside objectives: $159.45, $164.25, and $168.69.
12:55 EDTHPQThousands of HP employees protest new China head, China Daily says
About 2,500 employees of HP's (HPQ) China based subsidiary, H3C Technologies, have signed a petition against HP's new China chairman, Mao Yu'nan, according to China Daily. The employees fear that Mao will endanger H#C's autonomy and torpedo an employee stock option plan that has been in the works for some time, the newspaper stated. Reference Link
11:25 EDTGOOGGoogle partners with Cloudera to bring Cloud Dataflow to Spark
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11:21 EDTGOOGYouTube plans launch of original content initiative by end of 2015, Variety says
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11:13 EDTHPQHP looks to boost sales with specific tablets for professionals, Bloomberg says
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07:39 EDTIBMIBM January weekly volatility elevated into Q4 and outlook
IBM January weekly call option implied volatility is at 53, February is at 25, April is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q4 results today after the market close.
07:15 EDTCRMSAP not interested in buying competitors Workday, Salesforce, Bloomberg reports
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07:00 EDTGOOGEU official calls on Google to make more concessions, NY Times says
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January 19, 2015
17:57 EDTGOOGGoogle near $1B investment in SpaceX, WSJ reports
Google is near an agreement to invest $1B in Elon Musk's SpaceX, Wall Street Journal reports, citing a person familiar with the matter. The investment would value SpaceX at more than $10B, the Journal adds. The Information earlier today reported Google was near an investment in SpaceX, but did not specify the amount. Reference Link
12:56 EDTHPQHP-Autonomy investigation closed by U.K.'s Serious Fraud Office
The Director of the Serious Fraud Office has closed the SFO's investigation into the sale of Autonomy to the Hewlett-Packard company in 2011. This investigation was commenced in early 2013, following a referral from HP.In respect of some aspects of the allegations, the SFO has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction.In respect of other aspects and on the application of well-established principles, jurisdiction over the investigation has been ceded to the US authorities whose investigation is ongoing. Reference Link
12:29 EDTGOOGGoogle near investment in Musk's SpaceX, The Information reports
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January 18, 2015
13:45 EDTGOOGGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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