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Stock Market & Financial Investment News

News Breaks
January 28, 2013
19:32 EDTYHOO, EMC, SANM, BMC, VMW, STX, NTGR, SWIR, OPK, MSPD, PLXT, WDCOn The Fly: After Hours Movers
UP AFTER EARNINGS: Yahoo! (YHOO), up 2.6%... PLX Technology (PLXT), up 4.7%... Mindspeed (MSPD), up 3.2%... ALSO HIGHER: Opko Health (OPK), up 4.2% after Barrington raised its price target on shares to $7.50 from $6... Sierra Wireless (SWIR), up 8% after announcing an agreement to sell its AirCard assets to Netgear (NTGR) for $138M cash... DOWN AFTER EARNINGS: Seagate Technology (STX), down 5.3%... VMware (VMW), down 14.2%... BMC Software (BMC), down 6.7%... Sanmina (SANM), down 8%... ALSO LOWER: EMC (EMC), down 4.7% after VMware, of which it owns a stake, provided revenue guidance below expectations... Western Digital (WDC) down 2.8% after peer Seagate fell following its quarterly report.
News For YHOO;PLXT;MSPD;OPK;SWIR;NTGR;STX;VMW;BMC;SANM;EMC;WDC From The Last 14 Days
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September 12, 2014
06:03 EDTYHOOStocks with implied volatility top IV index mean; NQ YHOO
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05:45 EDTSTXSeagate to host conference call
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September 11, 2014
16:27 EDTYHOOU.S. had threatened Yahoo with $250,000/day fine over not providing user data
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13:37 EDTEMC, VMWEMC not considering VMware stake sale, Reuters says
EMC (EMC) is not exploring a sale of its majority stake in VMware (VMW), a source familiar with the parent company's thinking told Reuters, refuting an earlier New York Post report that EMC had relented to pressure from Paul Singer's Elliott Management and was weighing an exit from its VMware stake. Reference Link
13:36 EDTEMC, VMWEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTEMC, VMWEMC not considering selling VMware stake, Reuters reports
13:02 EDTYHOONoted investors Cooperman, Tepper, Loeb interested in Alibaba, CNBC says
Famed investor Leon Cooperman told CNBC in an email that his hedge fund "like[s] what we see so far" from Alibaba and are highly impressed with Jack Ma and the company's management team. Three other notable hedge fund investors who attended Alibaba's first road show presentation were Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management, according to CNBC, citing witnesses in New York. Note that Yahoo! (YHOO) has a significant stake in Alibaba, some of which it has agreed to sell as part to the Chinese company's upcoming IPO. Reference Link
11:17 EDTVMW, EMCEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:41 EDTEMCEMC volatility at low end of historic range
EMC September call option implied volatility is at 18, October is at 20, November is at 21, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement on UBS sees increasing likelihood of change at EMC.
10:30 EDTEMC, VMWUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
10:14 EDTYHOOYahoo October volatility elevated into Alibaba offering
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09:20 EDTVMWVMware to host conference call
Management discusses what's new at the company on a conference call to be held on September 11 at 10 am. Webcast Link
09:03 EDTOPKOPKO announces publication of MOD-4023 Phase 2 dose finding study
OPKO Health announced that the abstract “Top Line Results of Once-Weekly, CTP-Modified Human Growth Hormone: Phase 2 Dose Finding Study in Children with Growth Hormone Deficiency" has been selected for late breaking oral presentation at the 53rd Annual Meeting of the European Society of Paediatric Endocrinology on September 20. OPKO will present six month efficacy, safety, pharmacokinetic and pharmacodynamics data from the company's advanced phase 2 trial for its long acting human growth hormone hGH-CTP, or MOD-4023, in growth hormone deficient pediatric subjects. In addition, OPKO’s posters to be presented during the conference have been recognized for outstanding advancement by ESPE and will introduce additional data, as well as analytical characteristics of hGH-CTP in preparation for the planned pediatric phase 3 study. The data from this study supported once-weekly dosing for hGH-CTP and also enabled the selection of an appropriate dose to demonstrate non-inferiority compared to daily hGH in the upcoming phase 3 study. hGH-CTP demonstrated a good safety and tolerability profile in this ongoing study.
08:27 EDTSWIRSierra Wireless outlook has improved, says RBC Capital
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07:07 EDTEMC, VMWEMC to explore selling VMware stake, NY Post reports
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05:59 EDTYHOOStocks with implied volatility top IV index mean; NQ YHOO
Stocks with implied volatility top IV index mean; NQ Mobile (NQ) 105, Yahoo (YHOO) 55 according to iVolatility.
September 10, 2014
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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09:38 EDTYHOOActive equity options trading on open
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08:02 EDTSTXSeagate says has shipped 10 millionth solid state hybrid hard drive
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06:00 EDTYHOOStocks with implied volatility top IV index mean; BBRY YHOO
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