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726300.0
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2019-02-18 00:00:00 UTC
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Has Dell Technologies (DELL) Outpaced Other Computer and Technology Stocks This Year?
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DELL
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https://www.nasdaq.com/articles/has-dell-technologies-dell-outpaced-other-computer-and-technology-stocks-this-year-2019-02
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nan
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nan
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Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group's stocks.
Dell Technologies is one of 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DELL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 7.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DELL has moved about 12.54% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 12.12%. This means that Dell Technologies is performing better than its sector in terms of year-to-date returns.
Breaking things down more, DELL is a member of the Computers - IT Services industry, which includes 27 individual companies and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 20.03% so far this year, so DELL is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track DELL. The stock will be looking to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group's stocks. Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 7.49% higher. Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL), but is the stock performing well in comparison to the rest of its sector peers?
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Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group's stocks.
|
Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL), but is the stock performing well in comparison to the rest of its sector peers? Dell Technologies is one of 645 individual stocks in the Computer and Technology sector. One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group's stocks.
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Dell Technologies is one of 645 individual stocks in the Computer and Technology sector. Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 7.49% higher. This means that Dell Technologies is performing better than its sector in terms of year-to-date returns.
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ce9891dd-3f50-4d1e-9559-950dbb83362c
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726301.0
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2019-02-18 00:00:00 UTC
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Should Value Investors Buy Dell Technologies (DELL) Stock?
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DELL
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https://www.nasdaq.com/articles/should-value-investors-buy-dell-technologies-dell-stock-2019-02-18
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7.81 right now. For comparison, its industry sports an average P/E of 17.75. DELL's Forward P/E has been as high as 7.81 and as low as 6.16, with a median of 7.01, all within the past year.
Investors should also note that DELL holds a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DELL's PEG compares to its industry's average PEG of 1.60. Over the last 12 months, DELL's PEG has been as high as 0.65 and as low as 0.51, with a median of 0.56.
These are only a few of the key metrics included in Dell Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, DELL looks like an impressive value stock at the moment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One stock to keep an eye on is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. DELL's Forward P/E has been as high as 7.81 and as low as 6.16, with a median of 7.01, all within the past year.
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Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. One stock to keep an eye on is Dell Technologies (DELL).
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One stock to keep an eye on is Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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DELL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. One stock to keep an eye on is Dell Technologies (DELL). DELL's Forward P/E has been as high as 7.81 and as low as 6.16, with a median of 7.01, all within the past year.
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0f519527-57c5-4fe6-a1c2-d9cbc62bec08
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726302.0
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2019-02-15 00:00:00 UTC
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Will Dell Technologies Continue to Surge Higher?
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DELL
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https://www.nasdaq.com/articles/will-dell-technologies-continue-to-surge-higher-2019-02-15
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nan
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nan
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As of late, it has definitely been a great time to be an investor in Dell Technologies Inc.DELL . The stock has moved higher by 0.8% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider DELL's recen t earnings estimate revision activity. From this look, the company's future is quite favorable; as DELL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. You can see the complete list of today's Zacks #1 Rank stocks here.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As of late, it has definitely been a great time to be an investor in Dell Technologies Inc.DELL . We certainly think that this might be the case, particularly if you consider DELL's recen t earnings estimate revision activity. From this look, the company's future is quite favorable; as DELL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Dell Technologies Inc.DELL . We certainly think that this might be the case, particularly if you consider DELL's recen t earnings estimate revision activity.
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From this look, the company's future is quite favorable; as DELL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Dell Technologies Inc.DELL .
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From this look, the company's future is quite favorable; as DELL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. As of late, it has definitely been a great time to be an investor in Dell Technologies Inc.DELL . We certainly think that this might be the case, particularly if you consider DELL's recen t earnings estimate revision activity.
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5411dc18-d9fd-4b4e-ae19-316c25d86921
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726303.0
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2019-02-13 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for February 13th
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DELL
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-february-13th-2019-02-13
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nan
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nan
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, February 13th :
Ferrari N.V. (RACE) : This luxury sports cars manufacturer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.
Ferrari N.V. Price and Consensus
Ferrari N.V. price-consensus-chart | Ferrari N.V. Quote
Ferrari's shares gained 12.5% over the last one month against the S&P 500's rise of 5.2%. The company possesses a Momentum Score of B.
Ferrari N.V. Price
Ferrari N.V. price | Ferrari N.V. Quote
Varian Medical Systems, Inc. (VAR) : This medical devices and software products manufacturer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 60 days.
Varian Medical Systems, Inc. Price and Consensus
Varian Medical Systems, Inc. price-consensus-chart | Varian Medical Systems, Inc. Quote
Varian Medical Systems's shares gained 6.6% over the last one month. The company possesses a Momentum Score of B.
Varian Medical Systems, Inc. Price
Varian Medical Systems, Inc. price | Varian Medical Systems, Inc. Quote
Forterra, Inc. (FRTA) : This water and drainage pipe and products manufacturer has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.8% over the last 60 days.
FORTERRA INC Price and Consensus
FORTERRA INC price-consensus-chart | FORTERRA INC Quote
Forterra's shares gained 9% over the last one month. The company possesses a Momentum Score of A.
FORTERRA INC Price
FORTERRA INC price | FORTERRA INC Quote
Dell Technologies Inc. (DELL) : This manufacturer and supporter of information technology products and services has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell Technologies' shares gained 24.6% over the last one month. The company possesses a Momentum Score of B.
Dell Technologies Inc. Price
Dell Technologies Inc. price | Dell Technologies Inc. Quote
See the full list of top ranked stocks here .
Learn more about the Momentum score and how it is calculated here .
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Varian Medical Systems, Inc. (VAR): Free Stock Analysis Report
Ferrari N.V. (RACE): Free Stock Analysis Report
FORTERRA INC (FRTA): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Momentum Score of A. FORTERRA INC Price FORTERRA INC price | FORTERRA INC Quote Dell Technologies Inc. (DELL) : This manufacturer and supporter of information technology products and services has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies' shares gained 24.6% over the last one month. The company possesses a Momentum Score of B. Dell Technologies Inc. Price Dell Technologies Inc. price | Dell Technologies Inc. Quote See the full list of top ranked stocks here .
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Click to get this free report Varian Medical Systems, Inc. (VAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report FORTERRA INC (FRTA): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. FORTERRA INC Price FORTERRA INC price | FORTERRA INC Quote Dell Technologies Inc. (DELL) : This manufacturer and supporter of information technology products and services has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies' shares gained 24.6% over the last one month.
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Click to get this free report Varian Medical Systems, Inc. (VAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report FORTERRA INC (FRTA): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. FORTERRA INC Price FORTERRA INC price | FORTERRA INC Quote Dell Technologies Inc. (DELL) : This manufacturer and supporter of information technology products and services has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies' shares gained 24.6% over the last one month.
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Click to get this free report Varian Medical Systems, Inc. (VAR): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis Report FORTERRA INC (FRTA): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. The company possesses a Momentum Score of A. FORTERRA INC Price FORTERRA INC price | FORTERRA INC Quote Dell Technologies Inc. (DELL) : This manufacturer and supporter of information technology products and services has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days. Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell Technologies' shares gained 24.6% over the last one month.
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1b4f573e-3eb2-4bdc-9f6a-a095b1fadca3
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726304.0
|
2019-02-11 00:00:00 UTC
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3 Overlooked Value ETFs & Stocks to Grab Now
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DELL
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https://www.nasdaq.com/articles/3-overlooked-value-etfs-stocks-grab-now-2019-02-11
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nan
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nan
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The year 2018 was tumultuous for Wall Street, thanks to renewed global growth worries, Fed's policy tightening, fears of peaking U.S. economic growth, trade war tensions and the government shutdown in the United States.
Though markets staged a solid comeback in 2019 (on the Fed's dovish comments), as evident from the 8.2% year-to-date return by SPDR S&P 500 ETFSPY , bouts of volatility are likely to impede a market rally in the future.
Inside the Upcoming Deterrents
After more than a month-long impasse, the U.S. federal government reopened in January-end for three weeks. A deadlock in passing a spending bill, wherein Trump demanded $5.6 billion funding for a border wall that was being opposed by the Democrats, was the main reason for the shutdown. Since the Democrats are still against the border wall funds, uncertainty looms large. Both sides are now considering backstop alternatives to avert another shutdown post Feb 15 (read: U.S. Government Reopens: Tap High Beta & Momentum ETFs ).
Global growth worries are also rife. The International Monetary Fund (IMF) has forecast global growth of 3.5% for this and 3.6% for the next year. The forecast fell by 0.2 percentage points and 0.1 percentage point from the October report (read: IMF Cuts Global Growth Outlook: Bet on 5 Quality ETFs ).
If that was not enough, the European Commission now expects Euro zone growth to slow to 1.3% this year from 1.9% in 2018. The new estimate marks a sharp decline from the Commission's previous Euro zone growth forecast for 2019 at 1.9%. The Bank of England lowered its growth forecast for 2019 from 1.7% to 1.2% (read: Worried About European Growth? Play These 5 ETFs ).
Also, a solution to the ongoing U.S.-China trade crisis is not in sight right now. Brexit issues are one of the biggest overhangs for the stock market. The World Bank has cut global growth forecast to 2.9% for this year from the previous 3%, citing rising trade tensions, lower manufacturing activity and growing financial woes in emerging-market countries (read: Forget Growth, Bet on Value ETFs in 2019 ).
Why to Should You Focus on Value ETFs & Stocks
Global growth worries lead us to believe that stocks are expected to be stable in the near term but choosing a value investment is a great idea for now. Value stocks are the ones that trade below their intrinsic value and are undervalued by the market. Additionally, these stocks outperform the growth ones when the long-term investment horizon is considered.
ETF & Stock Picks
Against this backdrop, we highlight a few overlooked value ETFs, which have chances to outperform in the days ahead.
ETF Picks
Invesco S&P 500 Enhanced Value ETF (SPVU) - $23.5 million AUM
The underlying index tracks the performance of stocks in the S&P 500 Index that have the highest value score. It charges 13 bps in fees. The fund has a Zacks ETF Rank #1 (Strong Buy). The fund added only 1.8% in the past year and added 8.9% this year.
Invesco Russell 2000 Pure Value ETF (PXSV) - $76.5 million
The underlying Russell 2000 Pure Value Index comprises securities with strong value characteristics. The Zacks Rank #3 (Hold) fund yields 2.28% annually. It charges 39 bps in fees. The fund added only 4.5% in the past year compared with a stellar 11.4% this year.
ValueShares International Quantitative Value ETF (IVAL) - $86.6 million
The underlying Alpha Architect International Quantitative Value Index uses a five-step, quantitative, rules-based methodology to identify a portfolio of approximately 40-50 undervalued non-U.S. equity securities or their depositary receipts with the potential for capital appreciation. It yields 2.70% annually. The fund was down 12.3% in the past year but is up 8.6% this year.
Stock Picks
We also highlight a few top-ranked stock alternatives that were laggards in the past 12-week period but have gained momentum in the past week. All these stocks have a Value Score of A.
Dell Technologies Inc. (DELL)
The Zacks Rank #1 provider of information technology has lost 51% in the past 12 weeks and is up 6% in the past week (as of Feb 8, 2019). It belongs to a top-ranked Zacks industry (top 9%).
SkyWest Inc. (SKYW)
The Zacks Rank #1 holding company for scheduled passenger airline operations and an aircraft leasing company shed about 2.1% in the past 12 weeks and has added 5.6% in the past week (as of Feb 8, 2019). It hails from a top-ranked Zacks industry (top 4%).
PennyMac Mortgage Investment Trust (PMT)
This real estate investment trust currently has a Zacks Rank #1. It comes from a top-ranked Zacks industry (top 41%). The stock is up 3.3% in the past three months but has added 14.5% this year.
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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All these stocks have a Value Score of A. Dell Technologies Inc. (DELL) The Zacks Rank #1 provider of information technology has lost 51% in the past 12 weeks and is up 6% in the past week (as of Feb 8, 2019). Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report To read this article on Zacks.com click here. A deadlock in passing a spending bill, wherein Trump demanded $5.6 billion funding for a border wall that was being opposed by the Democrats, was the main reason for the shutdown.
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Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report To read this article on Zacks.com click here. All these stocks have a Value Score of A. Dell Technologies Inc. (DELL) The Zacks Rank #1 provider of information technology has lost 51% in the past 12 weeks and is up 6% in the past week (as of Feb 8, 2019). The forecast fell by 0.2 percentage points and 0.1 percentage point from the October report (read: IMF Cuts Global Growth Outlook: Bet on 5 Quality ETFs ).
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Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report To read this article on Zacks.com click here. All these stocks have a Value Score of A. Dell Technologies Inc. (DELL) The Zacks Rank #1 provider of information technology has lost 51% in the past 12 weeks and is up 6% in the past week (as of Feb 8, 2019). The World Bank has cut global growth forecast to 2.9% for this year from the previous 3%, citing rising trade tensions, lower manufacturing activity and growing financial woes in emerging-market countries (read: Forget Growth, Bet on Value ETFs in 2019 ).
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All these stocks have a Value Score of A. Dell Technologies Inc. (DELL) The Zacks Rank #1 provider of information technology has lost 51% in the past 12 weeks and is up 6% in the past week (as of Feb 8, 2019). Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports PennyMac Mortgage Investment Trust (PMT): Free Stock Analysis Report To read this article on Zacks.com click here. The International Monetary Fund (IMF) has forecast global growth of 3.5% for this and 3.6% for the next year.
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30b093e4-d9fc-4ec6-9ef0-ce9750fa2ff5
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726305.0
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2019-02-07 00:00:00 UTC
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Apple Inc. (AAPL) Ex-Dividend Date Scheduled for February 08, 2019
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DELL
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https://www.nasdaq.com/articles/apple-inc-aapl-ex-dividend-date-scheduled-february-08-2019-2019-02-07
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nan
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nan
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Apple Inc. ( AAPL ) will begin trading ex-dividend on February 08, 2019. A cash dividend payment of $0.73 per share is scheduled to be paid on February 14, 2019. Shareholders who purchased AAPL prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AAPL has paid the same dividend.
The previous trading day's last sale of AAPL was $174.24, representing a -25.37% decrease from the 52 week high of $233.47 and a 22.7% increase over the 52 week low of $142.
AAPL is a part of the Technology sector, which includes companies such as International Business Machines Corporation ( IBM ) and Dell Technologies Inc. ( DELL ). AAPL's current earnings per share, an indicator of a company's profitability, is $12.16. Zacks Investment Research reports AAPL's forecasted earnings growth in 2019 as -4.37%, compared to an industry average of 1.6%.
For more information on the declaration, record and payment dates, visit the AAPL Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAPL through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAPL as a top-10 holding:
RiverFront Dynamic US Flex-Cap ETF ( RFFC )
RiverFront Dynamic US Dividend Advantage ETF ( RFDA )
Fidelity MSCI Information Technology Index ETF ( FTEC )
iShares U.S. Technology ETF ( IYW )
iShares Global Tech ETF ( IXN ).
The top-performing ETF of this group is IYW with an decrease of -5.93% over the last 100 days. RFFC has the highest percent weighting of AAPL at 323%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAPL is a part of the Technology sector, which includes companies such as International Business Machines Corporation ( IBM ) and Dell Technologies Inc. ( DELL ). Shareholders who purchased AAPL prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports AAPL's forecasted earnings growth in 2019 as -4.37%, compared to an industry average of 1.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAPL is a part of the Technology sector, which includes companies such as International Business Machines Corporation ( IBM ) and Dell Technologies Inc. ( DELL ). The following ETF(s) have AAPL as a top-10 holding: RiverFront Dynamic US Flex-Cap ETF ( RFFC ) RiverFront Dynamic US Dividend Advantage ETF ( RFDA ) Fidelity MSCI Information Technology Index ETF ( FTEC ) iShares U.S. Technology ETF ( IYW ) iShares Global Tech ETF ( IXN ).
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AAPL is a part of the Technology sector, which includes companies such as International Business Machines Corporation ( IBM ) and Dell Technologies Inc. ( DELL ). Shareholders who purchased AAPL prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAPL Dividend History page.
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AAPL is a part of the Technology sector, which includes companies such as International Business Machines Corporation ( IBM ) and Dell Technologies Inc. ( DELL ). A cash dividend payment of $0.73 per share is scheduled to be paid on February 14, 2019. Shareholders who purchased AAPL prior to the ex-dividend date are eligible for the cash dividend payment.
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db1649ad-a4fe-43ad-881d-b391ae718aaf
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726306.0
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2019-02-07 00:00:00 UTC
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Dell explores sale of cyber security company SecureWorks
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DELL
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https://www.nasdaq.com/articles/dell-explores-sale-cyber-security-company-secureworks-2019-02-07
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nan
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nan
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Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cyber security services with a market value of close to $2 billion, people familiar with the matter said on Thursday.
A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company through a complex deal involving its software subsidiary VMware Inc.
SecureWorks is working with investment bank Morgan Stanley on a sale process that is in its early stages, the sources said, asking not to be identified because the matter is confidential.
Additional reporting by Carl O'Donnell in New York
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cyber security services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company through a complex deal involving its software subsidiary VMware Inc. SecureWorks is working with investment bank Morgan Stanley on a sale process that is in its early stages, the sources said, asking not to be identified because the matter is confidential. Additional reporting by Carl O'Donnell in New York The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cyber security services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company through a complex deal involving its software subsidiary VMware Inc. SecureWorks is working with investment bank Morgan Stanley on a sale process that is in its early stages, the sources said, asking not to be identified because the matter is confidential. Additional reporting by Carl O'Donnell in New York The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cyber security services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company through a complex deal involving its software subsidiary VMware Inc. SecureWorks is working with investment bank Morgan Stanley on a sale process that is in its early stages, the sources said, asking not to be identified because the matter is confidential. Additional reporting by Carl O'Donnell in New York The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cyber security services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company through a complex deal involving its software subsidiary VMware Inc. SecureWorks is working with investment bank Morgan Stanley on a sale process that is in its early stages, the sources said, asking not to be identified because the matter is confidential. Additional reporting by Carl O'Donnell in New York The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6fe583e1-846c-4899-8e22-50c3e201edea
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726307.0
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2019-02-07 00:00:00 UTC
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Dell explores sale of cybersecurity company SecureWorks
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DELL
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https://www.nasdaq.com/articles/dell-explores-sale-cybersecurity-company-secureworks-2019-02-07
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nan
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nan
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By Liana B. Baker and Pamela Barbaglia
Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday.
A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company last year through a complex deal involving its software subsidiary VMware Inc.
Dell and SecureWorks declined to comment, while Morgan Stanley did not respond to a request for comment.
SecureWorks, based in Atlanta, offers information security solutions aimed at protecting corporate networks from cyberattacks to 4,300 clients in more than 50 countries, according to its website.
Dell acquired SecureWorks for $612 million in 2011 and then floated the company on the stock market in 2016. SecureWorks shares are up 64 percent since then.
In December, Dell became a publicly traded company following a $23.9 billion deal to buy back shares tied to its interest in VMware, which it acquired when it bought buy data storage company EMC for $67 billion in 2016. EMC owned a majority stake in VMware.
Last year, Dell decided to shun a traditional IPO route amid uncertainty over how stock market investors would respond to its $50 billion debt pile.
This meant it would not receive any IPO proceeds that would have allowed it to pay down debt.
Dell founder Michael Dell has turned to dealmaking to transform his company from a PC manufacturer into a broad seller of information technology services, ranging from storage and servers to networking and security.
Dell has sold many of its non-core assets in the past. In 2016, for example, it sold its software division to buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp for more than $2 billion.
Elliott increased its stake in Dell to about 5.6 percent earlier this month. A source familiar with the matter said the hedge fund believes the company's shares should be trading higher based on its ownership stakes, including in SecureWorks. Elliott could not be reached for comment.
Additional reporting by Carl O'Donnell and Joshua Franklin in New York
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Liana B. Baker and Pamela Barbaglia Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. Last year, Dell decided to shun a traditional IPO route amid uncertainty over how stock market investors would respond to its $50 billion debt pile. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company last year through a complex deal involving its software subsidiary VMware Inc. Dell and SecureWorks declined to comment, while Morgan Stanley did not respond to a request for comment.
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A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company last year through a complex deal involving its software subsidiary VMware Inc. Dell and SecureWorks declined to comment, while Morgan Stanley did not respond to a request for comment. In December, Dell became a publicly traded company following a $23.9 billion deal to buy back shares tied to its interest in VMware, which it acquired when it bought buy data storage company EMC for $67 billion in 2016. By Liana B. Baker and Pamela Barbaglia Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday.
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By Liana B. Baker and Pamela Barbaglia Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which Dell holds an 85 percent stake, would allow the latter to trim its $50 billion debt pile, after it decided to become a publicly traded company last year through a complex deal involving its software subsidiary VMware Inc. Dell and SecureWorks declined to comment, while Morgan Stanley did not respond to a request for comment. In December, Dell became a publicly traded company following a $23.9 billion deal to buy back shares tied to its interest in VMware, which it acquired when it bought buy data storage company EMC for $67 billion in 2016.
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In December, Dell became a publicly traded company following a $23.9 billion deal to buy back shares tied to its interest in VMware, which it acquired when it bought buy data storage company EMC for $67 billion in 2016. Last year, Dell decided to shun a traditional IPO route amid uncertainty over how stock market investors would respond to its $50 billion debt pile. By Liana B. Baker and Pamela Barbaglia Feb 7 () - Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday.
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b445d5e6-fc61-45cc-a644-32db184b341d
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726308.0
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2019-02-07 00:00:00 UTC
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6 Low Price-to-Book Value Stocks to Buy in February
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DELL
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https://www.nasdaq.com/articles/6-low-price-to-book-value-stocks-to-buy-in-february-2019-02-07
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nan
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nan
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The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock's market value/price to its book value.
The P/B ratio is calculated as below:
P/B ratio = market price per share/book value of equity per share
P/B ratio reflects how many times book value investors are ready to pay for a share. So, if the share price is $10 and book value of equity is $5, investors are ready to pay two times the book value. Ideally, a P/B value under 1.0 is considered good, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value under 3.0.
Now let us understand the concept of book value.
What is Book Value?
There are several ways by which book value can be defined. Book value is the total value that would be left over, according to the company's balance sheet, if it goes bankrupt immediately. In other words, this is what shareholders would theoretically receive if a company liquidates all its assets after paying off its liabilities.
It is calculated by subtracting total liabilities from the total assets of a company. In most cases, this equates to the common stockholders' equity on the balance sheet. However, depending on the company's balance sheet, intangible assets should also be subtracted from the total assets to determine book value.
Understanding P/B Ratio
By comparing the book value of equity to its market price, we get an idea of whether a company is under- or overpriced. However, like P/E or P/S ratio, it is always better to compare P/B ratios within industries.
A P/B ratio less than one means that the stock is trading at less than its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.
For example, a stock with a P/B ratio of 2 means that we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.
But there is a caveat. A P/B ratio less than one can also mean that the company is earning weak or even negative returns on its assets, or that the assets are overstated, in which case the stock should be shunned because it may be destroying shareholder value. Conversely, the stock's price may be significantly high - thereby pushing the P/B ratio to more than one - in the likely case that it has become a takeover target, a good enough reason to own the stock.
Moreover, the P/B ratio isn't without limitations. It is useful for businesses - like finance, investments, insurance and banking or manufacturing companies - with many liquid/tangible assets on the books. However, it can be misleading for firms with significant R&D expenditure, high debt, service companies or those with negative earnings.
In any case, the ratio is not particularly relevant as a standalone number. One should analyze other ratios like P/E, P/S and debt to equity before arriving at a reasonable investment decision.
Screening Parameters
Price to Book (common Equity) less than X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
Price to Sales less than X-Industry Median: The P/S ratio determines how much the market values every dollar of the company's sales/revenues - a lower ratio than the industry makes the stock attractive.
Price to Earnings using F(1) estimate less than X-Industry Median: The P/E ratio (F1) values a company based on its current share price relative to its estimated earnings per share - a lower ratio than the industry is considered better.
PEG less than 1: PEG ratio links the P/E ratio to the future growth rate of the company. PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and investors need to pay less for a stock that has brigh t earnings growth prospects.
Current Price greater than or equal to $5: They must all be trading at a minimum of $5 or higher.
Average 20-Day Volume greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Scoreequal to A or B: Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best opportunities in the value investing space.
Here are six of the 15 stocks that qualified the screening:
Mallinckrodt Public Limited CompanyMNK , a specialty biopharmaceutical company, currently has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%. You can see the complete list of today's Zacks #1 Rank stocks here .
Dell Technologies Inc.DELL , a provider of information technology solutions, currently has a Zacks Rank #1 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%.
American Axle & Manufacturing Holdings, Inc.AXL is a leading supplier of driveline and drivetrain systems, modules and components for the light vehicle market. It has a Zacks Rank #1 and a Value Score of A. It has a 3-5 year EPS growth rate of 8.1%.
Citizens Financial Group, Inc.CFG , one of the largest retail bank holding companies in the United States, has a projected 3-5 year EPS growth rate of 15.5%. It currently has a Zacks Rank #2 and a Value Score of B.
General Motors CompanyGM , a leading global automotive company, currently has a Zacks Rank #2. It has a 3-5 year EPS growth rate of 8.5% and a Value Score of A.
CAI International, Inc.CAI , a leading intermodal freight container leasing and management company, has projected 3-5 year EPS growth rate of 8%. CAI International currently has a Zacks Rank #1 and a Value Score of A.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CAI International, Inc. (CAI): Free Stock Analysis Report
General Motors Company (GM): Free Stock Analysis Report
American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Citizens Financial Group, Inc. (CFG): Get Free Report
Mallinckrodt public limited company (MNK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc.DELL , a provider of information technology solutions, currently has a Zacks Rank #1 and a Value Score of A. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Screening Parameters Price to Book (common Equity) less than X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
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Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL , a provider of information technology solutions, currently has a Zacks Rank #1 and a Value Score of A. The P/B ratio is calculated as below: P/B ratio = market price per share/book value of equity per share P/B ratio reflects how many times book value investors are ready to pay for a share.
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Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL , a provider of information technology solutions, currently has a Zacks Rank #1 and a Value Score of A. The P/B ratio is calculated as below: P/B ratio = market price per share/book value of equity per share P/B ratio reflects how many times book value investors are ready to pay for a share.
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Dell Technologies Inc.DELL , a provider of information technology solutions, currently has a Zacks Rank #1 and a Value Score of A. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Citizens Financial Group, Inc. (CFG): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. The ratio is used to compare a stock's market value/price to its book value.
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881161f6-24aa-441a-82c6-793d427a9691
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726309.0
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2019-02-06 00:00:00 UTC
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Epam (EPAM) Soars to 52-Week High, Time to Cash Out?
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DELL
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https://www.nasdaq.com/articles/epam-epam-soars-to-52-week-high-time-to-cash-out-2019-02-06
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nan
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nan
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Have you been paying attention to shares of EPAM Systems (EPAM)? Shares have been on the move with the stock up 15.9% over the past month. The stock hit a new 52-week high of $146.43 in the previous session. EPAM Systems has gained 25.2% since the start of the year compared to the 11.3% move for the Zacks Computer and Technology sector and the 15.9% return for the Zacks Computers - IT Services industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its las t earnings report on November 1, 2018, Epam reported EPS of $1.17 versus consensus estimate of $1.05.
For the current fiscal year, Epam is expected to post earnings of $5.18 per share on $1.84 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $6.15 per share on $2.25 billion in revenues. This represents a year-over-year change of 19.73% and 22.11%, respectively.
Valuation Metrics
Epam may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Epam has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 28X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 41.3X versus its peer group's average of 14.8X. Additionally, the stock has a PEG ratio of 1.43. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Epam currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Epam fits the bill. Thus, it seems as though Epam shares could still be poised for more gains ahead.
How Does Epam Stack Up to the Competition?
Shares of Epam have been rising, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also impressive, including ASGN (ASGN), Dell Technologies (DELL), and DXC Technology Company. (DXC), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.
The Zacks Industry Rank is in the top 11% of all the industries we have in our universe, so it looks like there are some nice tailwinds for Epam, even beyond its own solid fundamental situation.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EPAM Systems, Inc. (EPAM): Get Free Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
ASGN Incorporated (ASGN): Get Free Report
DXC Technology Company. (DXC): Get Free Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of its industry peers are also impressive, including ASGN (ASGN), Dell Technologies (DELL), and DXC Technology Company. Click to get this free report EPAM Systems, Inc. (EPAM): Get Free Report Dell Technologies Inc. (DELL): Free Stock Analysis Report ASGN Incorporated (ASGN): Get Free Report DXC Technology Company. A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
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Some of its industry peers are also impressive, including ASGN (ASGN), Dell Technologies (DELL), and DXC Technology Company. Click to get this free report EPAM Systems, Inc. (EPAM): Get Free Report Dell Technologies Inc. (DELL): Free Stock Analysis Report ASGN Incorporated (ASGN): Get Free Report DXC Technology Company. In terms of its value breakdown, the stock currently trades at 28X current fiscal year EPS estimates.
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Click to get this free report EPAM Systems, Inc. (EPAM): Get Free Report Dell Technologies Inc. (DELL): Free Stock Analysis Report ASGN Incorporated (ASGN): Get Free Report DXC Technology Company. Some of its industry peers are also impressive, including ASGN (ASGN), Dell Technologies (DELL), and DXC Technology Company. Epam has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B.
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Some of its industry peers are also impressive, including ASGN (ASGN), Dell Technologies (DELL), and DXC Technology Company. Click to get this free report EPAM Systems, Inc. (EPAM): Get Free Report Dell Technologies Inc. (DELL): Free Stock Analysis Report ASGN Incorporated (ASGN): Get Free Report DXC Technology Company. EPAM Systems has gained 25.2% since the start of the year compared to the 11.3% move for the Zacks Computer and Technology sector and the 15.9% return for the Zacks Computers - IT Services industry.
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23d5e59e-1fbe-47b6-b8b1-125dc750ceaf
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726310.0
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2019-02-06 00:00:00 UTC
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International Business Machines Corporation (IBM) Ex-Dividend Date Scheduled for February 07, 2019
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DELL
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https://www.nasdaq.com/articles/international-business-machines-corporation-ibm-ex-dividend-date-scheduled-february-07
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nan
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nan
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International Business Machines Corporation ( IBM ) will begin trading ex-dividend on February 07, 2019. A cash dividend payment of $1.57 per share is scheduled to be paid on March 09, 2019. Shareholders who purchased IBM prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that IBM has paid the same dividend.
The previous trading day's last sale of IBM was $135.55, representing a -16.39% decrease from the 52 week high of $162.11 and a 27.95% increase over the 52 week low of $105.94.
IBM is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and Dell Technologies Inc. ( DELL ). IBM's current earnings per share, an indicator of a company's profitability, is $9.51. Zacks Investment Research reports IBM's forecasted earnings growth in 2019 as .77%, compared to an industry average of 21.1%.
For more information on the declaration, record and payment dates, visit the IBM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to IBM through an Exchange Traded Fund [ETF]?
The following ETF(s) have IBM as a top-10 holding:
First Trust NASDAQ Technology Dividend Index Fund ( TDIV )
Invesco Dow Jones Industrial Average Dividend ETF ( DJD )
SPDR Dow Jones Industrial Average ETF ( DIA )
ValueShares U.S. Quantitative Value ETF ( QVAL )
ALPS Sector Dividend Dogs ETF ( SDOG ).
The top-performing ETF of this group is DJD with an decrease of -1.23% over the last 100 days. TDIV has the highest percent weighting of IBM at 7.28%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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IBM is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and Dell Technologies Inc. ( DELL ). Shareholders who purchased IBM prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports IBM's forecasted earnings growth in 2019 as .77%, compared to an industry average of 21.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. IBM is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and Dell Technologies Inc. ( DELL ). The following ETF(s) have IBM as a top-10 holding: First Trust NASDAQ Technology Dividend Index Fund ( TDIV ) Invesco Dow Jones Industrial Average Dividend ETF ( DJD ) SPDR Dow Jones Industrial Average ETF ( DIA ) ValueShares U.S. Quantitative Value ETF ( QVAL ) ALPS Sector Dividend Dogs ETF ( SDOG ).
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IBM is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and Dell Technologies Inc. ( DELL ). Shareholders who purchased IBM prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the IBM Dividend History page.
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IBM is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and Dell Technologies Inc. ( DELL ). A cash dividend payment of $1.57 per share is scheduled to be paid on March 09, 2019. Shareholders who purchased IBM prior to the ex-dividend date are eligible for the cash dividend payment.
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5e0d6c30-dc24-4a8b-b5b7-b38381916a47
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726311.0
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2019-02-06 00:00:00 UTC
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Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-dips-more-than-broader-markets%3A-what-you-should-know-2019-02-06
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nan
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nan
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Dell Technologies (DELL) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Prior to today's trading, shares of the computer and technology services provider had gained 8.96% over the past month. This has lagged the Computer and Technology sector's gain of 10.66% and outpaced the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from DELL as it approaches its nex t earnings report date. This is expected to be February 28, 2019. In tha t report , analysts expect DELL to post earnings of $1.89 per share. This would mark a year-over-year decline of 20.92%. Our most recent consensus estimate is calling for quarterly revenue of $23.46 billion, up 6.96% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DELL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. DELL currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, DELL currently has a Forward P/E ratio of 7.37. This represents a discount compared to its industry's average Forward P/E of 22.51.
We can also see that DELL currently has a PEG ratio of 0.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 27, putting it in the top 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street will be looking for positivity from DELL as it approaches its nex t earnings report date. Dell Technologies (DELL) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. In tha t report , analysts expect DELL to post earnings of $1.89 per share.
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Dell Technologies (DELL) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street will be looking for positivity from DELL as it approaches its nex t earnings report date.
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Dell Technologies (DELL) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Wall Street will be looking for positivity from DELL as it approaches its nex t earnings report date.
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Dell Technologies (DELL) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. In tha t report , analysts expect DELL to post earnings of $1.89 per share. Wall Street will be looking for positivity from DELL as it approaches its nex t earnings report date.
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e8817e6f-7f20-4c73-852e-102d50f1bd23
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726312.0
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2019-02-05 00:00:00 UTC
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DELL or CSGP: Which Is the Better Value Stock Right Now?
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DELL
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https://www.nasdaq.com/articles/dell-or-csgp%3A-which-is-the-better-value-stock-right-now-2019-02-05
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nan
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nan
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Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Dell Technologies and CoStar Group are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that DELL likely has seen a stronger improvement to its earnings outlook than CSGP has recently. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
DELL currently has a forward P/E ratio of 7.33, while CSGP has a forward P/E of 40.41. We also note that DELL has a PEG ratio of 0.61. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CSGP currently has a PEG ratio of 2.41.
Another notable valuation metric for DELL is its P/B ratio of 2.71. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, CSGP has a P/B of 4.96.
These are just a few of the metrics contributing to DELL's Value grade of A and CSGP's Value grade of F.
DELL has seen stronger estimate revision activity and sports more attractive valuation metrics than CSGP, so it seems like value investors will conclude that DELL is the superior option right now.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
CoStar Group, Inc. (CSGP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors should feel comfortable knowing that DELL likely has seen a stronger improvement to its earnings outlook than CSGP has recently. Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP). Dell Technologies and CoStar Group are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now.
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Dell Technologies and CoStar Group are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. These are just a few of the metrics contributing to DELL's Value grade of A and CSGP's Value grade of F. DELL has seen stronger estimate revision activity and sports more attractive valuation metrics than CSGP, so it seems like value investors will conclude that DELL is the superior option right now. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP). These are just a few of the metrics contributing to DELL's Value grade of A and CSGP's Value grade of F. DELL has seen stronger estimate revision activity and sports more attractive valuation metrics than CSGP, so it seems like value investors will conclude that DELL is the superior option right now. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies and CoStar Group are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. These are just a few of the metrics contributing to DELL's Value grade of A and CSGP's Value grade of F. DELL has seen stronger estimate revision activity and sports more attractive valuation metrics than CSGP, so it seems like value investors will conclude that DELL is the superior option right now. Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP).
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00e4560b-fcd0-4490-b59a-631a77204072
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726313.0
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2019-01-31 00:00:00 UTC
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Is Dell Technologies (DELL) Stock Undervalued Right Now?
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DELL
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https://www.nasdaq.com/articles/is-dell-technologies-dell-stock-undervalued-right-now-2019-01-31
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 6.76, which compares to its industry's average of 16.12. Over the last 12 months, DELL's Forward P/E has been as high as 7.49 and as low as 6.16, with a median of 6.76.
Investors should also note that DELL holds a PEG ratio of 0.56. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. DELL's industry has an average PEG of 1.43 right now. Over the past 52 weeks, DELL's PEG has been as high as 0.56 and as low as 0.51, with a median of 0.53.
Value investors will likely look at more than just these metrics, but the above data helps show that Dell Technologies is likely undervalued currently. And when considering the strength of its earnings outlook, DELL sticks out at as one of the market's strongest value stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One company value investors might notice is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. Over the last 12 months, DELL's Forward P/E has been as high as 7.49 and as low as 6.16, with a median of 6.76.
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Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. One company value investors might notice is Dell Technologies (DELL). DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A.
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One company value investors might notice is Dell Technologies (DELL). Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A.
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One company value investors might notice is Dell Technologies (DELL). Investors should also note that DELL holds a PEG ratio of 0.56. DELL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A.
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f8658412-ccd6-4e8c-9011-eaabae3b627c
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726314.0
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2019-01-31 00:00:00 UTC
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Dell Technologies (DELL) Outpaces Stock Market Gains: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-outpaces-stock-market-gains%3A-what-you-should-know-2019-01-31
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nan
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nan
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In the latest trading session, Dell Technologies (DELL) closed at $48.62, marking a +1.29% move from the previous day. This change outpaced the S&P 500's 0.86% gain on the day. Meanwhile, the Dow lost 0.06%, and the Nasdaq, a tech-heavy index, added 1.37%.
Coming into today, shares of the computer and technology services provider had gained 1.87% in the past month. In that same time, the Computer and Technology sector gained 6.94%, while the S&P 500 gained 8.11%.
Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
It is also important to note the recent changes to analyst estimates for DELL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.38% higher. DELL is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, DELL is holding a Forward P/E ratio of 7.31. This represents a discount compared to its industry's average Forward P/E of 23.32.
Investors should also note that DELL has a PEG ratio of 0.61 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DELL's industry had an average PEG ratio of 1.47 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. In the latest trading session, Dell Technologies (DELL) closed at $48.62, marking a +1.29% move from the previous day. It is also important to note the recent changes to analyst estimates for DELL.
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Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Dell Technologies (DELL) closed at $48.62, marking a +1.29% move from the previous day. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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In the latest trading session, Dell Technologies (DELL) closed at $48.62, marking a +1.29% move from the previous day. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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Investors should also note that DELL has a PEG ratio of 0.61 right now. In the latest trading session, Dell Technologies (DELL) closed at $48.62, marking a +1.29% move from the previous day. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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70343acf-23d0-46cd-b6b1-f0c30074167f
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726315.0
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2019-01-24 00:00:00 UTC
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Dell Technologies (DELL) Outpaces Stock Market Gains: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-outpaces-stock-market-gains%3A-what-you-should-know-2019-01-24
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nan
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nan
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Dell Technologies (DELL) closed the most recent trading day at $44.95, moving +0.74% from the previous trading session. This change outpaced the S&P 500's 0.14% gain on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, added 0.68%.
Prior to today's trading, shares of the computer and technology services provider had lost 45% over the past month. This has lagged the Computer and Technology sector's gain of 8.09% and the S&P 500's gain of 9.43% in that time.
Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. On that day, DELL is projected to report earnings of $1.91 per share, which would represent a year-over-year decline of 20.08%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.57 per share and revenue of $89.86 billion, which would represent changes of +6.48% and +14.24%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DELL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.38% higher. DELL is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, DELL is holding a Forward P/E ratio of 6.8. This valuation marks a discount compared to its industry's average Forward P/E of 23.67.
It is also worth noting that DELL currently has a PEG ratio of 0.57. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DELL's industry had an average PEG ratio of 1.46 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DELL in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. Dell Technologies (DELL) closed the most recent trading day at $44.95, moving +0.74% from the previous trading session. On that day, DELL is projected to report earnings of $1.91 per share, which would represent a year-over-year decline of 20.08%.
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Dell Technologies (DELL) closed the most recent trading day at $44.95, moving +0.74% from the previous trading session. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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Dell Technologies (DELL) closed the most recent trading day at $44.95, moving +0.74% from the previous trading session. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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Dell Technologies (DELL) closed the most recent trading day at $44.95, moving +0.74% from the previous trading session. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. On that day, DELL is projected to report earnings of $1.91 per share, which would represent a year-over-year decline of 20.08%.
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d3b94908-ee59-4b2f-a503-681e1ed57ecc
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726316.0
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2019-01-23 00:00:00 UTC
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Microsoft Announces New Products to Take Back the Education Market
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DELL
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https://www.nasdaq.com/articles/microsoft-announces-new-products-take-back-education-market-2019-01-23
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The education market is a lucrative one for technology companies who sell hardware and software to students, teachers and schools. But it's also important for grabbing customers early in life. The technology a student becomes familiar with in school has a good shot of being their preference later in life. Microsoft (NASDAQ: MSFT ) long dominated this market, but that was before Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) entered. For the past few years, Google has used the education market to push Chromebooks. And Microsoft has lost huge chunks of market share. But the company just announced new cheap Windows laptops and other products aimed at taking back the education market from Chromebooks.
Microsoft itself isn't releasing everything - it's leaning on OEM PC manufacturing partners for much of the hardware. But after years of ineffective measures (remember the Scroogled ad campaign? ) the company seems determined to fight back against Google in a meaningful way.
Microsoft's Latest Education Push, Featuring Cheap Windows Laptops
Google's Chromebooks had several advantages over traditional Windows laptops, but one of the keys for budget-strapped school boards and parents has been price . When a decent Chromebook could be had for $200, it became an easy choice over cheap Windows laptops that still cost two or three times as much, but seemed clunky and underpowered in comparison.
3 Blue-Chip Stocks That Will Power Through Market Turmoil
The Bett educational technology conference is currently underway in London, and MSFT took the opportunity to announce its latest tactics for winning back the classroom from Google.
First up is a new generation of cheap Windows laptops from Microsoft's OEM partners. Companies like Dell (NYSE: DELL ), Acer and Lenovo are introducing new laptops starting at under $200. They run Windows 10 S, which is making headway in negating Chrome OS security advantages. The new devices are built to be rugged, offer all-day battery life, and there are classroom-friendly form factors including 2-in-1s that can be used as a tablet. One of the Lenovo 2-in-1 laptops can even use a standard pencil as a basic stylus…
Microsoft's own hardware contribution takes the form of an affordable stylus. In the classroom, being able to write, draw and make notes with an electronic stylus has proven very popular. Windows Ink and other software features take full advantage of stylus use. But Microsoft's cheapest stylus has been the $99.99 Surface Pen. The company announced a new Microsoft Classroom Pen, a stylus with a more durable tip that it will sell only to educators, and in packs of 20 for $799.80. That sounds really expensive, but works out to a much more budget-friendly $39.99 each.
The third thing MSFT announced was on the software front. Microsoft Teams continues to be pushed as a classroom tool. The company is upping the functionality in an effort to win over teachers. They'll be able to import existing student info into Teams using a Grade Sync feature, Turnitin (a scanning tool that detects plagiarizing) is being integrated, and teachers will be able to use the Teams mobile app for iOS and Android for marking assignments.
Also announced were new VR tools including free Dyslexia training materials for teachers.
Will This be the Counter-Punch That Works?
The education technology market is a valuable one. In the U.S., it's predicted to hit $49 billion this year , half of that in K12 classrooms. That doesn't include what may be the bigger prize: using students to launch an assault on the business computer market. Google has captured nearly 60% of the U.S. education laptop/tablet market with Chromebooks, and has already leveraged that success to start pushing more expensive Chromebooks into the business market . That move threatens MSFT's Windows and Office revenue, key components of Microsoft stock value.
MSFT began to fight back against Chromebooks in the classroom in a serious way in 2017 with the introduction of Windows S. Obviously that wasn't enough.
7 Stupidly Cheap Stocks to Buy Now
The company is hoping Windows S combined with the latest round of cheap Windows laptops, affordable styluses and classroom software integration is enough to stop the Chromebook invasion. If this doesn't work, Microsoft is running out of options. And with international education markets starting to go down the same Chromebook path as U.S. classrooms, time is running out.
As of this writing, Brad Moon did not hold a position in any of the aforementioned securitie s.
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The post Microsoft Announces New Products to Take Back the Education Market appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies like Dell (NYSE: DELL ), Acer and Lenovo are introducing new laptops starting at under $200. But the company just announced new cheap Windows laptops and other products aimed at taking back the education market from Chromebooks. 3 Blue-Chip Stocks That Will Power Through Market Turmoil The Bett educational technology conference is currently underway in London, and MSFT took the opportunity to announce its latest tactics for winning back the classroom from Google.
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Companies like Dell (NYSE: DELL ), Acer and Lenovo are introducing new laptops starting at under $200. But the company just announced new cheap Windows laptops and other products aimed at taking back the education market from Chromebooks. Microsoft's Latest Education Push, Featuring Cheap Windows Laptops Google's Chromebooks had several advantages over traditional Windows laptops, but one of the keys for budget-strapped school boards and parents has been price .
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Companies like Dell (NYSE: DELL ), Acer and Lenovo are introducing new laptops starting at under $200. Microsoft's Latest Education Push, Featuring Cheap Windows Laptops Google's Chromebooks had several advantages over traditional Windows laptops, but one of the keys for budget-strapped school boards and parents has been price . 7 Stupidly Cheap Stocks to Buy Now The company is hoping Windows S combined with the latest round of cheap Windows laptops, affordable styluses and classroom software integration is enough to stop the Chromebook invasion.
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Companies like Dell (NYSE: DELL ), Acer and Lenovo are introducing new laptops starting at under $200. For the past few years, Google has used the education market to push Chromebooks. But the company just announced new cheap Windows laptops and other products aimed at taking back the education market from Chromebooks.
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05718b10-98b5-46c8-9731-48ce2954982a
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726317.0
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2019-01-23 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: Mallinckrodt Public, Dell Technologies, American Axle & Manufacturing, Magna International and General Motors
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DELL
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-mallinckrodt-public-dell-technologies
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nan
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nan
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For Immediate Release
Chicago, IL - January 23, 2019- Stocks in this week's article include Mallinckrodt Public Limited Co. MNK , Dell Technologies Inc. DELL , American Axle & Manufacturing Holdings, Inc. AXL , Magna International Inc. MGA and General Motors Co. GM . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Promising Price-to-Book Value Stocks with Solid Prospects
Among valuation metrics, price-to-earnings (P/E) and price-to-sales (P/S) are more commonly used for stock selection. This is because calculations based on earnings and to some extent sales are easy and come in handy. However, the price-to-book ratio (P/B ratio) has emerged as a convenient tool for identifying low-priced stocks with high-growth prospects.
The P/B ratio is used to calculate how much an investor needs to pay for each dollar of book value of a stock. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
P/B ratio = market capitalization/book value of equity
What is Book Value?
There are several ways by which book value can be defined. Book value is the total value that would be left over, according to the company's balance sheet, if it goes bankrupt immediately. In other words, this is what shareholders would theoretically receive if a company liquidates all its assets after paying off its liabilities.
It is calculated by subtracting total liabilities from the total assets of a company. In most cases, this equates to the common stockholders' equity on the balance sheet. However, depending on the company's balance sheet, intangible assets should also be subtracted from the total assets to determine book value.
Understanding P/B Ratio
By comparing the book value of equity to its market price, we get an idea of whether a company is under- or overpriced. However, like P/E or P/S ratio, it is always better to compare P/B ratios within industries.
A P/B ratio less than one means that the stock is trading at less than its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.
For example, a stock with a P/B ratio of 2 means that we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.
But there is a caveat. A P/B ratio less than one can also mean that the company is earning weak or even negative returns on its assets, or that the assets are overstated, in which case the stock should be shunned because it may be destroying shareholder value. Conversely, the stock's price may be significantly high - thereby pushing the P/B ratio to more than one - in the likely case that it has become a takeover target, a good enough reason to own the stock.
Moreover, the P/B ratio isn't without limitations. It is useful for businesses - like finance, investments, insurance and banking or manufacturing companies - with many liquid/tangible assets on the books. However, it can be misleading for firms with significant R&D expenditure, high debt, service companies or those with negative earnings.
In any case, the ratio is not particularly relevant as a standalone number. One should analyze other ratios like P/E, P/S and debt to equity before arriving at a reasonable investment decision.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/348758/6-promising-pricetobook-value-stocks-with-solid-prospects
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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General Motors Company (GM): Free Stock Analysis Report
American Axle & Manufacturing Holdings, Inc. (AXL): Get Free Report
Magna International Inc. (MGA): Get Free Report
Dell Technologies Inc. (DELL): Get Free Report
Mallinckrodt public limited company (MNK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - January 23, 2019- Stocks in this week's article include Mallinckrodt Public Limited Co. MNK , Dell Technologies Inc. DELL , American Axle & Manufacturing Holdings, Inc. AXL , Magna International Inc. MGA and General Motors Co. GM . Click to get this free report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Get Free Report Magna International Inc. (MGA): Get Free Report Dell Technologies Inc. (DELL): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
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For Immediate Release Chicago, IL - January 23, 2019- Stocks in this week's article include Mallinckrodt Public Limited Co. MNK , Dell Technologies Inc. DELL , American Axle & Manufacturing Holdings, Inc. AXL , Magna International Inc. MGA and General Motors Co. GM . Click to get this free report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Get Free Report Magna International Inc. (MGA): Get Free Report Dell Technologies Inc. (DELL): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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Click to get this free report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Get Free Report Magna International Inc. (MGA): Get Free Report Dell Technologies Inc. (DELL): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 23, 2019- Stocks in this week's article include Mallinckrodt Public Limited Co. MNK , Dell Technologies Inc. DELL , American Axle & Manufacturing Holdings, Inc. AXL , Magna International Inc. MGA and General Motors Co. GM . Screen of the Week written by Kevin Matras of Zacks Investment Research: Promising Price-to-Book Value Stocks with Solid Prospects Among valuation metrics, price-to-earnings (P/E) and price-to-sales (P/S) are more commonly used for stock selection.
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For Immediate Release Chicago, IL - January 23, 2019- Stocks in this week's article include Mallinckrodt Public Limited Co. MNK , Dell Technologies Inc. DELL , American Axle & Manufacturing Holdings, Inc. AXL , Magna International Inc. MGA and General Motors Co. GM . Click to get this free report General Motors Company (GM): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Get Free Report Magna International Inc. (MGA): Get Free Report Dell Technologies Inc. (DELL): Get Free Report Mallinckrodt public limited company (MNK): Free Stock Analysis Report To read this article on Zacks.com click here. The P/B ratio is used to calculate how much an investor needs to pay for each dollar of book value of a stock.
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7ff01f32-6f46-4da5-b848-29d789ebd48d
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726318.0
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2019-01-18 00:00:00 UTC
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Dell Technologies (DELL) Stock Sinks As Market Gains: What You Should Know
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DELL
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https://www.nasdaq.com/articles/dell-technologies-dell-stock-sinks-as-market-gains%3A-what-you-should-know-2019-01-18
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nan
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Dell Technologies (DELL) closed at $43.33 in the latest trading session, marking a -0.87% move from the prior day. This change lagged the S&P 500's daily gain of 1.32%. Elsewhere, the Dow gained 1.38%, while the tech-heavy Nasdaq added 1.74%.
Prior to today's trading, shares of the computer and technology services provider had lost 57.73% over the past month. This has lagged the Computer and Technology sector's gain of 2.64% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. The company is expected to report EPS of $1.91, down 20.08% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.57 per share and revenue of $89.86 billion, which would represent changes of +6.48% and +14.24%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DELL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.38% higher within the past month. DELL currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note DELL's current valuation metrics, including its Forward P/E ratio of 6.66. This represents a discount compared to its industry's average Forward P/E of 22.94.
It is also worth noting that DELL currently has a PEG ratio of 0.55. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DELL's industry had an average PEG ratio of 1.51 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 23, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL): Get Free Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019. Investors should also note DELL's current valuation metrics, including its Forward P/E ratio of 6.66. Dell Technologies (DELL) closed at $43.33 in the latest trading session, marking a -0.87% move from the prior day.
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Dell Technologies (DELL) closed at $43.33 in the latest trading session, marking a -0.87% move from the prior day. Click to get this free report Dell Technologies Inc. (DELL): Get Free Report To read this article on Zacks.com click here. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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Dell Technologies (DELL) closed at $43.33 in the latest trading session, marking a -0.87% move from the prior day. Click to get this free report Dell Technologies Inc. (DELL): Get Free Report To read this article on Zacks.com click here. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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Dell Technologies (DELL) closed at $43.33 in the latest trading session, marking a -0.87% move from the prior day. Investors should also note DELL's current valuation metrics, including its Forward P/E ratio of 6.66. Investors will be hoping for strength from DELL as it approaches its nex t earnings release, which is expected to be March 14, 2019.
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095adc55-aa59-427d-b440-eb6c4074a622
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726319.0
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2019-01-16 00:00:00 UTC
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Dell Technologies Enters Oversold Territory
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DELL
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https://www.nasdaq.com/articles/dell-technologies-enters-oversold-territory-2019-01-16
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nan
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nan
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Dell Technologies Inc.DELL has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at DELL given that, according to its RSI reading of 29.29, it is now in oversold territory.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet, DELL 's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Dell Technologies' earnings consensus.
Over the past two months, investors have seen 1 earnings estimate revision move higher, compared with none lower, at least when looking at the key current year time frame. And the consensus estimate for DELL has also been on an upward trend over the past 60 days, as estimates have risen by 7.7% over the last two months.
If this wasn't enough, Dell Technologies also has a Zacks Rank #1 (Strong Buy) which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Factors Yet, DELL 's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Dell Technologies' earnings consensus. Dell Technologies Inc.DELL has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
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If this wasn't enough, Dell Technologies also has a Zacks Rank #1 (Strong Buy) which puts it into rare company among its peers. Dell Technologies Inc.DELL has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at DELL given that, according to its RSI reading of 29.29, it is now in oversold territory.
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Other Factors Yet, DELL 's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. If this wasn't enough, Dell Technologies also has a Zacks Rank #1 (Strong Buy) which puts it into rare company among its peers. Dell Technologies Inc.DELL has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
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Other Factors Yet, DELL 's low RSI value isn't the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. Dell Technologies Inc.DELL has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at DELL given that, according to its RSI reading of 29.29, it is now in oversold territory.
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eb3b854a-a9c3-43ed-9993-67e73db965cd
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726320.0
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2019-01-16 00:00:00 UTC
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Dell: Wall Street enthusiasm cools
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DELL
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https://www.nasdaq.com/articles/dell-wall-street-enthusiasm-cools-2019-01-16
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nan
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nan
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** After a spate of "buy" recommendations to welcome back Dell Technologies to the market, Wall Street analysts have started to cool on the stock
** Morgan Stanley on Wednesday became the third brokerage, after UBS and BMO, in the past week to slap a 'hold'-equivalent rating on the stock
** That followed a run of five 'buy'- or 'strong buy'- equivalent ratings since the computer maker started trading on the market on Dec. 28
** Gartner last week said worldwide PC shipments fell 4.3 pct in Q4 and 1.3 pct in 2018, with Dell holding on to its third place in terms of market share
** Dell shipments grew in Q4 as it outperformed in EMEA and Japan, but it saw sales slip in Asia/Pacific and LatAm -Gartner
** The median PT of the three analysts recommending 'hold' is $48, while the median of the five bulls is $60
** Dell shares ended Tuesday at $43.01, down from its debut price of $46
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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** After a spate of "buy" recommendations to welcome back Dell Technologies to the market, Wall Street analysts have started to cool on the stock ** Morgan Stanley on Wednesday became the third brokerage, after UBS and BMO, in the past week to slap a 'hold'-equivalent rating on the stock ** That followed a run of five 'buy'- or 'strong buy'- equivalent ratings since the computer maker started trading on the market on Dec. 28 ** Gartner last week said worldwide PC shipments fell 4.3 pct in Q4 and 1.3 pct in 2018, with Dell holding on to its third place in terms of market share ** Dell shipments grew in Q4 as it outperformed in EMEA and Japan, but it saw sales slip in Asia/Pacific and LatAm -Gartner ** The median PT of the three analysts recommending 'hold' is $48, while the median of the five bulls is $60 ** Dell shares ended Tuesday at $43.01, down from its debut price of $46 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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** After a spate of "buy" recommendations to welcome back Dell Technologies to the market, Wall Street analysts have started to cool on the stock ** Morgan Stanley on Wednesday became the third brokerage, after UBS and BMO, in the past week to slap a 'hold'-equivalent rating on the stock ** That followed a run of five 'buy'- or 'strong buy'- equivalent ratings since the computer maker started trading on the market on Dec. 28 ** Gartner last week said worldwide PC shipments fell 4.3 pct in Q4 and 1.3 pct in 2018, with Dell holding on to its third place in terms of market share ** Dell shipments grew in Q4 as it outperformed in EMEA and Japan, but it saw sales slip in Asia/Pacific and LatAm -Gartner ** The median PT of the three analysts recommending 'hold' is $48, while the median of the five bulls is $60 ** Dell shares ended Tuesday at $43.01, down from its debut price of $46 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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** After a spate of "buy" recommendations to welcome back Dell Technologies to the market, Wall Street analysts have started to cool on the stock ** Morgan Stanley on Wednesday became the third brokerage, after UBS and BMO, in the past week to slap a 'hold'-equivalent rating on the stock ** That followed a run of five 'buy'- or 'strong buy'- equivalent ratings since the computer maker started trading on the market on Dec. 28 ** Gartner last week said worldwide PC shipments fell 4.3 pct in Q4 and 1.3 pct in 2018, with Dell holding on to its third place in terms of market share ** Dell shipments grew in Q4 as it outperformed in EMEA and Japan, but it saw sales slip in Asia/Pacific and LatAm -Gartner ** The median PT of the three analysts recommending 'hold' is $48, while the median of the five bulls is $60 ** Dell shares ended Tuesday at $43.01, down from its debut price of $46 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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** After a spate of "buy" recommendations to welcome back Dell Technologies to the market, Wall Street analysts have started to cool on the stock ** Morgan Stanley on Wednesday became the third brokerage, after UBS and BMO, in the past week to slap a 'hold'-equivalent rating on the stock ** That followed a run of five 'buy'- or 'strong buy'- equivalent ratings since the computer maker started trading on the market on Dec. 28 ** Gartner last week said worldwide PC shipments fell 4.3 pct in Q4 and 1.3 pct in 2018, with Dell holding on to its third place in terms of market share ** Dell shipments grew in Q4 as it outperformed in EMEA and Japan, but it saw sales slip in Asia/Pacific and LatAm -Gartner ** The median PT of the three analysts recommending 'hold' is $48, while the median of the five bulls is $60 ** Dell shares ended Tuesday at $43.01, down from its debut price of $46 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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a587d6d2-8ca3-4ed4-97f7-0e762f2cdc34
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726321.0
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2019-01-14 00:00:00 UTC
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Infosys (INFY) Looks Good: Stock Adds 5.4% in Session
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DELL
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https://www.nasdaq.com/articles/infosys-infy-looks-good%3A-stock-adds-5.4-in-session-2019-01-14
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nan
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Infosys LimitedINFY was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.08 to $9.88 in the past one-month time frame.
The move came after the company reported solid third-quarter fiscal 2019 results (ended Dec 31, 2018).
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Infosys currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Infosys Limited Price
Infosys Limited Price | Infosys Limited Quote
A better-ranked stock in the Computers - IT services industry is Dell Technologies Inc. DELL , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is INFY going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Infosys Limited Price Infosys Limited Price | Infosys Limited Quote A better-ranked stock in the Computers - IT services industry is Dell Technologies Inc. DELL , which currently carries a Zacks Rank #1 (Strong Buy). Infosys LimitedINFY was a big mover last session, as the company saw its shares rise more than 5% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.08 to $9.88 in the past one-month time frame.
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Infosys Limited Price Infosys Limited Price | Infosys Limited Quote A better-ranked stock in the Computers - IT services industry is Dell Technologies Inc. DELL , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Infosys Limited Price Infosys Limited Price | Infosys Limited Quote A better-ranked stock in the Computers - IT services industry is Dell Technologies Inc. DELL , which currently carries a Zacks Rank #1 (Strong Buy). Predict to see what others think: Up or Down Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Infosys Limited Price Infosys Limited Price | Infosys Limited Quote A better-ranked stock in the Computers - IT services industry is Dell Technologies Inc. DELL , which currently carries a Zacks Rank #1 (Strong Buy). The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over.
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962d6822-9268-4f97-84b4-15d0d811f30d
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726322.0
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2019-01-11 00:00:00 UTC
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Zacks Value Trader Highlights: American Airlines, United Continental, Discovery, CVS and Dell Technologies
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DELL
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https://www.nasdaq.com/articles/zacks-value-trader-highlights%3A-american-airlines-united-continental-discovery-cvs-and-dell
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nan
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For Immediate Release
Chicago, IL - January 11, 2019 - Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
5 Dirt-Cheap Big-Cap Stocks to Buy Now
Welcome to Episode #125 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
2018 couldn't end fast enough for investors as a stock market correction roiled Wall Street in the final weeks of the year.
But corrections also produce opportunities for value investors to buy stocks even cheaper.
A Basic Screen for Cheap Big Cap Stocks
Keep it simple. Look for stocks with a forward P/E less than 10 and a market cap above $10 billion.
Then, add on the Zacks Ranks of #1 (Strong Buy) and #2 (Buy) so that there will be nice upward estimate revisions.
This screen returned 22 stocks.
5 Dirt Cheap Big Cap Stocks
1. American AirlinesAAL is one of the cheap airlines right now. Shares have fallen 9% in the last 3 months. While earnings are expected to fall 6.4% in 2018 analysts expect a 22% rebound in 2019. It's really cheap right now, with a forward P/E of just 5.9.
2. United Continental HoldingsUAL has been holding its own during the correction. Shares are down only 1.5% in the last 3 months. The earnings picture looks a little brighter than its competitor American, as earnings are expected to be up double digits in both 2018 and 2019. It's trading with a forward P/E of just 8.
3. Discovery, Inc.DISCA owns the popular cable channels HGTV, Travel Channel, Animal Planet and Oprah's OWN. Shares are off 17% in the last 3 months even though analysts are looking for 61% earnings growth in 2019. It has a forward P/E of 7.6.
4. CVSCVS recently closed on its acquisition of Aetna, so it now operates one of the largest managed insurers in the United States. Will this combination prove a success? The Street isn't buying it as shares are down 14% in the last 3 months but that means it's cheap, with a forward P/E of 9.
5. Dell TechnologiesDELL is back. After 5 years in private hands it has recently gone public. While it's still early, Zacks has some analyst estimates on it already which has produced a forward P/E of only 7.1. Shares are down off their IPO debut price.
What else should you be looking for to find the best dirt-cheap big cap stocks?
Find out on this week's episode.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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support@zacks.com
https://www.zacks.com/performance
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Discovery, Inc. (DISCA): Free Stock Analysis Report
CVS Health Corporation (CVS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell TechnologiesDELL is back. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Dell TechnologiesDELL is back. A Basic Screen for Cheap Big Cap Stocks Keep it simple.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Dell TechnologiesDELL is back. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
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Dell TechnologiesDELL is back. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Discovery, Inc. (DISCA): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report To read this article on Zacks.com click here. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
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523317d2-a5b4-4728-915f-472f712dcd35
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726323.0
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2019-01-10 00:00:00 UTC
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Technology Sector Update for 01/10/2019: TSM,AMD,TWTR,T,DEL
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-01102019-tsmamdtwtrtdel-2019-01-10
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nan
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nan
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Top Tech Stocks
MSFT -0.94%
AAPL +0.06%
IBM +0.58%
CSCO -0.55%
GOOG -0.51%
Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance.
Among technology stocks moving on news:
(+) Taiwan Semiconductor Manufacturing ( TSM ) was about 2% higher in late Thursday trading after the chipmaker reported December revenue of NTD89.83 billion, or about $2.92 billion, down 0.1% from NTD89.90 billion in sales during December 2017.
In other sector news:
(+) Twitter ( TWTR ) was hanging onto a more than 2% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Wednesday announced a live-streaming agreement with the micro-blogging platform company. Financial details were not disclosed.
(-) Advanced Micro Devices ( AMD ) was down more than 2% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.
(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. BMO started coverage of the server and networking equipment company with a market perform rating and a $48 price target.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. In other sector news: (+) Twitter ( TWTR ) was hanging onto a more than 2% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Wednesday announced a live-streaming agreement with the micro-blogging platform company. (-) Advanced Micro Devices ( AMD ) was down more than 2% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.
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(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance. Among technology stocks moving on news: (+) Taiwan Semiconductor Manufacturing ( TSM ) was about 2% higher in late Thursday trading after the chipmaker reported December revenue of NTD89.83 billion, or about $2.92 billion, down 0.1% from NTD89.90 billion in sales during December 2017.
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(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance. Among technology stocks moving on news: (+) Taiwan Semiconductor Manufacturing ( TSM ) was about 2% higher in late Thursday trading after the chipmaker reported December revenue of NTD89.83 billion, or about $2.92 billion, down 0.1% from NTD89.90 billion in sales during December 2017.
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(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance. In other sector news: (+) Twitter ( TWTR ) was hanging onto a more than 2% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Wednesday announced a live-streaming agreement with the micro-blogging platform company.
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1dd9d62a-2f1c-4325-b601-63272ee290d1
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726324.0
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2019-01-10 00:00:00 UTC
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Technology Sector Update for 01/10/2019: AMD,TWTR,T,DELL
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-01102019-amdtwtrtdell-2019-01-10
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nan
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nan
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Top Tech Stocks
MSFT -1.46%
AAPL -0.50%
IBM +0.21%
CSCO -1.20%
GOOG -1.12%
Technology stocks were trimming their early losses Thursday afternoon, with the shares of tech stocks in the S&P 500 pulling to within 0.3% of their break-even mark, while the Philadelphia Semiconductor Index was rising 0.1%.
Among technology stocks moving on news:
(-) Advanced Micro Devices ( AMD ) was down 4.5% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate net income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.
In other sector news:
(+) Twitter ( TWTR ) was hanging onto a 1% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Thursday announced a live-streaming agreement with the micro-blogging platform company. Financial details were not disclosed.
(-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. BMO started coverage of the server and networking equipment company with a market perform rating and a $48 price target.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. Among technology stocks moving on news: (-) Advanced Micro Devices ( AMD ) was down 4.5% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate net income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation. In other sector news: (+) Twitter ( TWTR ) was hanging onto a 1% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Thursday announced a live-streaming agreement with the micro-blogging platform company.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. Technology stocks were trimming their early losses Thursday afternoon, with the shares of tech stocks in the S&P 500 pulling to within 0.3% of their break-even mark, while the Philadelphia Semiconductor Index was rising 0.1%.
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(-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. Technology stocks were trimming their early losses Thursday afternoon, with the shares of tech stocks in the S&P 500 pulling to within 0.3% of their break-even mark, while the Philadelphia Semiconductor Index was rising 0.1%. Among technology stocks moving on news: (-) Advanced Micro Devices ( AMD ) was down 4.5% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate net income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.
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(-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. Technology stocks were trimming their early losses Thursday afternoon, with the shares of tech stocks in the S&P 500 pulling to within 0.3% of their break-even mark, while the Philadelphia Semiconductor Index was rising 0.1%. Among technology stocks moving on news: (-) Advanced Micro Devices ( AMD ) was down 4.5% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate net income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.
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430ceb6c-cc8e-4b4c-871e-431dac4dcdc3
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726325.0
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2019-01-09 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Dell Technologies, Marvell Technology, Verint Systems, RH and Abercrombie & Fitch
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DELL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-dell-technologies-marvell-technology-verint-systems-rh
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nan
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nan
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For Immediate Release
Chicago, IL - January 9, 2019 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dell Technologies Inc. DELL , Marvell Technology Group Ltd. MRVL , Verint Systems Inc. VRNT , RH RH and Abercrombie & Fitch Co. ANF .
Here are highlights from Tuesday's Analyst Blog:
Stocks to Benefit from the "January Effect"
Stocks posted back-to-back gains on Jan 7, igniting hopes that a revival is in the works after the most dismal December since the Great Depression. This was in keeping with the historical phenomenon known as the January Effect. This is a direct result of investors selling stocks at the end of a year in order to offset capital gains, only to redeploy funds obtained from these sales at the start of the New Year.
Tech stocks, the darlings of the bourses till last year, seem to have found fresh favor with investors. This is evident from the interest shown in Netflix's stock, which is recovering from a dismal second half of last year. Meanwhile, bullish jobs data and trade talks are boosting retail stocks. Investing in tech and retail would enable you to make the most of this January Effect.
Understanding the January Effect
To correctly understand this phenomenon, it is necessary to examine December's stock rout more closely. The majority of market watchers have ascribed these losses to President Trump's tweets and his protectionist trade policies. However, one factor that has been largely ignored is tax selling.
According to DataTrek Research co-founder Nicholas Colas, this tax fueled sell off will lead to a rebound in January. This is because when fund managers are face falling stock prices, they don't just sell winners to reap profits. Some losers are also sold to offset the increase in tax liability caused by capital gains.
Colas thinks this sort of tax selling did occur in December. The sales proceeds are now being reinvested in equity markets, leading to gains in January. According to Matrixtrade.com's Ed Matts the S&P 500 has gained 1.8% on average in January since 1950. This is substantially better than the average increase of 0.7% recorded for other months.
Can Positives Outweigh Negatives This Month?
There is some evidence to show that the influence of this effect has declined since it was discovered in 1976. At the same time, a good January for stocks has a strong correlation with strong annual performance in the months to follow. Matts puts its correlation coefficient at 0.25, which is significantly strong, while it is only 0.016 for other months.
Ultimately, it is important to evaluate the factors at play at this point in order to determine whether the January Effect will come true this time around. A long and bruising trade war with China and a partial government shutdown are the major negatives confronting investors this month.
However, progress is more than evident on the trade talk front with China's vice premier Liu He attending negotiations with top U.S. officials on Jan 7. Strong jobs' numbers are providing fresh evidence that the U.S. economy remains robust, boosting retail stocks in the process.
And tech stocks, which had fallen out of favor with investors, are rebounding. The likes of NVIDIA, Twitter, Amazon and salesforce.com gained 5.3%, 4.6%, 3.4% and 3.1%, respectively, on Jan 7.
Our Choices
Market watchers think that the gains recently experienced by stocks can be ascribed to a historical phenomenon called the January Effect. As a result, tech stocks have once again found favor with investors. Retailer stocks are also witnessing gains, also boosted by a bullish jobs report.
Investing in tech and retail would enable you to reap maximum benefits from the January effect this year. However, picking winning stocks may be difficult.
This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.
We have narrowed down our search to the following stocks, each of which has a Zacks Rank #1 (Strong Buy) and a good VGM Score. You can see the complete list of today's Zacks #1 Rank stocks here .
Dell Technologies Inc. is a designer, developer, manufacturer and seller of information technology products and services.
Dell Technologies has a VGM Score of A. The company's projected growth rate for the current year is 1%. The Zacks Consensus Estimate for the current year has improved by 2.1% over the last 30 days.
Marvell Technology Group Ltd. is a fabless designer, developer and marketer of analog, mixed-signal and digital signal processing integrated circuits.
Marvell Technology has a VGM Score of B. The company's projected growth rate for the current year is 4.8%. The Zacks Consensus Estimate for the current year has improved by 7.8% over the last 30 days.
Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence.
Verint Systems has a VGM Score of B. The company's projected growth rate for the current year is 12.9%. The Zacks Consensus Estimate for the current year has improved by 2.3% over the last 30 days.
RH is a leading luxury retailer in the home furnishing space.
RH has a VGM Score of A. The company's projected growth rate for the current year is more than 100%.
Abercrombie & Fitch Co. is a specialty retailer operating through two segments, Hollister and Abercrombie.
Abercrombie & Fitch has a VGM Score of B. The company's projected growth rate for the current year is 42.2%. The Zacks Consensus Estimate for the current year has improved by 1.1% over the last 30 days.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Verint Systems Inc. (VRNT): Free Stock Analysis Report
Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL , Marvell Technology Group Ltd. MRVL , Verint Systems Inc. VRNT , RH RH and Abercrombie & Fitch Co. ANF . Dell Technologies Inc. is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies has a VGM Score of A.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL , Marvell Technology Group Ltd. MRVL , Verint Systems Inc. VRNT , RH RH and Abercrombie & Fitch Co. ANF . Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc. is a designer, developer, manufacturer and seller of information technology products and services.
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Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Dell Technologies Inc. DELL , Marvell Technology Group Ltd. MRVL , Verint Systems Inc. VRNT , RH RH and Abercrombie & Fitch Co. ANF . Dell Technologies Inc. is a designer, developer, manufacturer and seller of information technology products and services.
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Stocks recently featured in the blog include: Dell Technologies Inc. DELL , Marvell Technology Group Ltd. MRVL , Verint Systems Inc. VRNT , RH RH and Abercrombie & Fitch Co. ANF . Dell Technologies has a VGM Score of A. Dell Technologies Inc. is a designer, developer, manufacturer and seller of information technology products and services.
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f8487cef-0a89-48e4-b1cf-7a1975621fdc
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726326.0
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2019-01-08 00:00:00 UTC
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6 Stocks to Profit From the "January Effect"
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DELL
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https://www.nasdaq.com/articles/6-stocks-profit-january-effect-2019-01-08
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nan
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nan
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Stocks posted back-to-back gains on Jan 7, igniting hopes that a revival is in the works after the most dismal December since the Great Depression. This was in keeping with the historical phenomenon known as the January Effect. This is a direct result of investors selling stocks at the end of a year in order to offset capital gains, only to redeploy funds obtained from these sales at the start of the New Year.
Tech stocks, the darlings of the bourses till last year, seem to have found fresh favor with investors. This is evident from the interest shown in Netflix's NFLX stock, which is recovering from a dismal second half of last year. Meanwhile, bullish jobs data and trade talks are boosting retail stocks. Investing in tech and retail would enable you to make the most of this January Effect.
Understanding the January Effect
To correctly understand this phenomenon, it is necessary to examine December's stock rout more closely. The majority of market watchers have ascribed these losses to President Trump's tweets and his protectionist trade policies. However, one factor that has been largely ignored is tax selling.
According to DataTrek Research co-founder Nicholas Colas, this tax fueled sell off will lead to a rebound in January. This is because when fund managers are face falling stock prices, they don't just sell winners to reap profits. Some losers are also sold to offset the increase in tax liability caused by capital gains.
Colas thinks this sort of tax selling did occur in December. The sales proceeds are now being reinvested in equity markets, leading to gains in January. According to Matrixtrade.com's Ed Matts the S&P 500 has gained 1.8% on average in January since 1950. This is substantially better than the average increase of 0.7% recorded for other months.
Can Positives Outweigh Negatives This Month?
There is some evidence to show that the influence of this effect has declined since it was discovered in 1976. At the same time, a good January for stocks has a strong correlation with strong annual performance in the months to follow. Matts puts its correlation coefficient at 0.25, which is significantly strong, while it is only 0.016 for other months.
Ultimately, it is important to evaluate the factors at play at this point in order to determine whether the January Effect will come true this time around. A long and bruising trade war with China and a partial government shutdown are the major negatives confronting investors this month.
However, progress is more than evident on the trade talk front with China's vice premier Liu He attending negotiations with top U.S. officials on Jan 7. Strong jobs' numbers are providing fresh evidence that the U.S. economy remains robust, boosting retail stocks in the process.
And tech stocks, which had fallen out of favor with investors, are rebounding. The likes of NVIDIA NVDA , Twitter TWTR , Amazon AMZN and salesforce.com CRM gained 5.3%, 4.6%, 3.4% and 3.1%, respectively, on Jan 7.
Our Choices
Market watchers think that the gains recently experienced by stocks can be ascribed to a historical phenomenon called the January Effect. As a result, tech stocks have once again found favor with investors. Retailer stocks are also witnessing gains, also boosted by a bullish jobs report.
Investing in tech and retail would enable you to reap maximum benefits from the January effect this year. However, picking winning stocks may be difficult.
This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.
We have narrowed down our search to the following stocks, each of which has a Zacks Rank #1 (Strong Buy) and a good VGM Score. You can see the complete list of today's Zacks #1 Rank stocks here .
Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services.
Dell Technologies has a VGM Score of A. The company's projected growth rate for the current year is 1%. The Zacks Consensus Estimate for the current year has improved by 2.1% over the last 30 days.
Marvell Technology Group Ltd.MRVL is a fabless designer, developer and marketer of analog, mixed-signal and digital signal processing integrated circuits.
Marvell Technology has a VGM Score of B. The company's projected growth rate for the current year is 4.8%. The Zacks Consensus Estimate for the current year has improved by 7.8% over the last 30 days.
Verint Systems Inc.VRNT is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence.
Verint Systems has a VGM Score of B. The company's projected growth rate for the current year is 12.9%. The Zacks Consensus Estimate for the current year has improved by 2.3% over the last 30 days.
RHRH is a leading luxury retailer in the home furnishing space.
RH has a VGM Score of A. The company's projected growth rate for the current year is more than 100%.
Abercrombie & Fitch Co.ANF is a specialty retailer operating through two segments, Hollister and Abercrombie.
Abercrombie & Fitch has a VGM Score of B. The company's projected growth rate for the current year is 42.2%. The Zacks Consensus Estimate for the current year has improved by 1.1% over the last 30 days.
BJ's Restaurants, Inc.BJRI owns and operates a chain of 200 high-end casual dining restaurants in the United States (as of Jul 3, 2018).
BJ's Restaurants has a VGM Score of B. The company's projected growth rate for the current year is 3.2%. The Zacks Consensus Estimate for the current year has improved by 1.3% over the last 60 days.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
Twitter, Inc. (TWTR): Free Stock Analysis Report
Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Verint Systems Inc. (VRNT): Free Stock Analysis Report
salesforce.com, inc. (CRM): Free Stock Analysis Report
Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report
Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies has a VGM Score of A. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies has a VGM Score of A.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies has a VGM Score of A.
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Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies has a VGM Score of A. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report To read this article on Zacks.com click here.
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a915cf48-65d9-4630-99e9-e9764df4abcb
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726327.0
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2019-01-04 00:00:00 UTC
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Technology Sector Update for 01/04/2019: VMW,DELL,SQ,GOOG,GOOGL,QCOM,AAPL
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DELL
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https://www.nasdaq.com/articles/technology-sector-update-01042019-vmwdellsqgooggooglqcomaapl-2019-01-04
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nan
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nan
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Top Tech Stocks
MSFT +4.44%
AAPL +3.67%
IBM +3.81%
CSCO +4.41%
GOOG +4.84%
Technology stocks recovered from their Thursday thrashing, with the shares of tech stocks in the S&P 500 adding about 4.2% in value while the Philadelphia Semiconductor Index rose over 4.1%.
Among technology stocks moving on news:
(+) VMware ( VMW ) was almost 6% higher in late trade. Analysts at Wedbush cut their price target for the software firm by $27 to $173 to reflect the one-time $11 billion payout to shareholders announced earlier Friday as part of the VMware's recent spin-off transaction of Dell Technologies ( DELL ). The brokerage reiterated its outperform rating for VMware.
In other sector news:
(+) Square ( SQ ) jumped out to a more than 10% advance on Friday after the financial technology company said Thursday Amrita Ahuja will be joining the company as chief financial officer later this month. She comes to Square from privately held Blizzard Entertainment, where she also was CFO.
(+) Alphabet (GOOG,GOOGL) climbed 5% on Friday after the internet conglomerate said its Verily life sciences company raised $1 billion in a new funding round led by Silver Lake Ventures.
(+) Qualcomm ( QCOM ) was nearly 2% higher Friday afternoon after the mobile phones chipmaker asked a German court to enforce an order banning the sale of Apple (APPL) iPhones in that country amid a protracted patent dispute, media reported.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts at Wedbush cut their price target for the software firm by $27 to $173 to reflect the one-time $11 billion payout to shareholders announced earlier Friday as part of the VMware's recent spin-off transaction of Dell Technologies ( DELL ). (+) Alphabet (GOOG,GOOGL) climbed 5% on Friday after the internet conglomerate said its Verily life sciences company raised $1 billion in a new funding round led by Silver Lake Ventures. (+) Qualcomm ( QCOM ) was nearly 2% higher Friday afternoon after the mobile phones chipmaker asked a German court to enforce an order banning the sale of Apple (APPL) iPhones in that country amid a protracted patent dispute, media reported.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Analysts at Wedbush cut their price target for the software firm by $27 to $173 to reflect the one-time $11 billion payout to shareholders announced earlier Friday as part of the VMware's recent spin-off transaction of Dell Technologies ( DELL ). In other sector news: (+) Square ( SQ ) jumped out to a more than 10% advance on Friday after the financial technology company said Thursday Amrita Ahuja will be joining the company as chief financial officer later this month.
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Analysts at Wedbush cut their price target for the software firm by $27 to $173 to reflect the one-time $11 billion payout to shareholders announced earlier Friday as part of the VMware's recent spin-off transaction of Dell Technologies ( DELL ). Technology stocks recovered from their Thursday thrashing, with the shares of tech stocks in the S&P 500 adding about 4.2% in value while the Philadelphia Semiconductor Index rose over 4.1%. In other sector news: (+) Square ( SQ ) jumped out to a more than 10% advance on Friday after the financial technology company said Thursday Amrita Ahuja will be joining the company as chief financial officer later this month.
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Analysts at Wedbush cut their price target for the software firm by $27 to $173 to reflect the one-time $11 billion payout to shareholders announced earlier Friday as part of the VMware's recent spin-off transaction of Dell Technologies ( DELL ). Top Tech Stocks Technology stocks recovered from their Thursday thrashing, with the shares of tech stocks in the S&P 500 adding about 4.2% in value while the Philadelphia Semiconductor Index rose over 4.1%.
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fa05f9ab-4039-4fed-b7e9-93408622ef81
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726328.0
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2019-01-03 00:00:00 UTC
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Bet on These 5 Value Tech Stocks in 2019
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DELL
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https://www.nasdaq.com/articles/bet-these-5-value-tech-stocks-2019-2019-01-03
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nan
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nan
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Tech stocks had started 2018 on a strong note with the Technology Select Sector SPDR (XLK) gaining a whopping 17% by the end of August. However, the tide turned for tech post that, resulting in a grievous rout for the sector. Notable casualties of this phenomenon are long-term investor favorites, the FAANG stocks which tasted both the highs and the lows that year.
Sky-high valuations may have triggered the rout in the first place, but other macroeconomic factors were also at play. These include a weakening growth environment and stronger rate environment.
However, as routs go, this is not as severe as others that have taken place in market history. Further, tech companies are financially far stronger than what they were during the last major market reverse for stocks, the dotcom bubble. This is why the current debacle is a good chance to buy into the sector and add select value picks to your portfolios.
Valuations, Regulation & Broader Concerns Rattle Sector
In the last quarter of 2018, the XLK lost more than 17.7% owing to several factors. First, valuation fears struck home with investors finding even healthy earnings inadequate to justify surging share prices. This is because a number of headwinds were hitting industry majors at the time.
By November, rumors were rife that Apple AAPL was cutting iPhone production. These reports actually came true with Apple slashing its holiday sales projections. Also, Facebook FB paid a price for its questionable privacy standards.
Investors were also concerned about tech majors facing stiffer regulatory standards. Meanwhile, semiconductor makers like NVIDIA NVDA and Applied Materials AMAT were facing woes of their own with trade tensions leading to fears of lower demand.
Additionally, the sector had to face broader concerns which were weighing on markets at large. An economic slowdown and a stiffer rate environment also contributed to their downfall, since their heady ascent meant their descent would be rocky at best.
2019: A Buying Opportunity?
But as tech routs go, the recent reverse is far less than severe than other historical reverses. Currently, almost half of the tech stocks in the Nasdaq 100 are languishing in a bear market. Still, it helps to keep in mind that the dotcom bubble was such a disaster that it took years for the Nasdaq 100 to move above its 2000 high. Several dotcom era favorites like Pets.com vanished altogether.
And tech majors are in a much stronger financial position compared to the 2000s. Apple is holding $237.1 billion in cash at the moment. In the third quarter, Amazon AMZN posted record net income of $2.9 billion. And Facebook's third-quarter earnings blew past expectations.
Such strong financial performances are likely to protect tech stocks from a tougher rate environment. Another factor working in their favor even in difficult conditions is the "moats" or barriers to entry which they have created over time. This allows them to sustain their competitive advantage.
Our Choices
Tech stocks have survived a bad year, and more importantly a terrible quarter. But their financial condition looks solid overall. Several of them have also been able to create distinctive barriers to entry which are likely to serve them well in difficult times.
Adding select value stocks from the sector to your portfolios looks like a good option at this time . Our selection is also backed by a good Zacks Value Score and Zacks Rank.
We narrowed down our choices with the help of our new style score system.
Our research shows that stocks with a Value Style Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best opportunities in the value-investing space.
Each of our picks has a Zacks Rank #1 (Strong Buy) and a Value Score of A. You can see the complete list of today's Zacks #1 Rank stocks here.
Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services.
Dell Technologies' forward price-to-earnings ratio (P/E) for the current financial year (F1) is 7.84, lower than the industry average of 16.06.
inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products.
inTEST Corp has a P/E (F1) of 5.84x, lower than the industry average of 12.09.
AU Optronics Corp.AUO is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels.
AU Optronics has a P/E (F1) of 9.85x, lower than the industry average of 13.65.
DHI Group, Inc.DHX is a provider of data, insights and connection services to select professional communities.
DHI Group has a P/E (F1) of 6.91x, lower than the industry average of 16.50.
CSG Systems International, Inc.CSGS is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets.
CSG Systems has a P/E (F1) of 10.95x, lower than the industry average of 16.43.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
DHI Group, Inc. (DHX): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Dell Technologies Inc. (DELL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
CSG Systems International, Inc. (CSGS): Free Stock Analysis Report
AU Optronics Corp (AUO): Free Stock Analysis Report
inTest Corporation (INTT): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies' forward price-to-earnings ratio (P/E) for the current financial year (F1) is 7.84, lower than the industry average of 16.06. inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products. Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report DHI Group, Inc. (DHX): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report CSG Systems International, Inc. (CSGS): Free Stock Analysis Report AU Optronics Corp (AUO): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report DHI Group, Inc. (DHX): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report CSG Systems International, Inc. (CSGS): Free Stock Analysis Report AU Optronics Corp (AUO): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies' forward price-to-earnings ratio (P/E) for the current financial year (F1) is 7.84, lower than the industry average of 16.06. inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products.
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Dell Technologies' forward price-to-earnings ratio (P/E) for the current financial year (F1) is 7.84, lower than the industry average of 16.06. inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report DHI Group, Inc. (DHX): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report CSG Systems International, Inc. (CSGS): Free Stock Analysis Report AU Optronics Corp (AUO): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services.
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Dell Technologies Inc.DELL is a designer, developer, manufacturer and seller of information technology products and services. Dell Technologies' forward price-to-earnings ratio (P/E) for the current financial year (F1) is 7.84, lower than the industry average of 16.06. inTEST CorporationINTT is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report DHI Group, Inc. (DHX): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report CSG Systems International, Inc. (CSGS): Free Stock Analysis Report AU Optronics Corp (AUO): Free Stock Analysis Report inTest Corporation (INTT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here.
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a802daff-651a-4efb-a403-f9ed2dc5505f
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726329.0
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2018-12-28 00:00:00 UTC
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Dell Technologies Closes Class V Transaction
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DELL
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https://www.nasdaq.com/articles/dell-technologies-closes-class-v-transaction-2018-12-28
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nan
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nan
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(RTTNews.com) - Dell Technologies announced the successful completion of the Class V transaction following approval of the transaction by its stockholders at a special meeting held on December 11, 2018.
Dell Technologies said it paid $14 billion in cash and issued 149.39 million shares of its Class C common stock in connection with the Class V transaction.
Dell Technologies Class V common stock (DVMT) ceased trading prior to the opening of trading on December 28, 2018.
Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange.
Each outstanding share of Class V common stock has converted into the holder's right to receive either $120.00 in cash, without interest, subject to a cap of $14 billion on the aggregate cash consideration, or 1.8066 shares of Class C common stock.
Such exchange ratio was calculated based on the aggregate amount of cash elections , as well as the aggregate volume-weighted average price per share of Class V common stock on the New York Stock Exchange for the 17 consecutive trading day period that began on November 28, 2018 and ended on December 21, 2018, which was $104.8700.
Following the completion of the Class V transaction, Dell Technologies has approximately 171.91 million outstanding shares of Class C common stock (or approximately 206.48 million shares on a fully diluted basis, before applying the treasury stock method) and approximately 718.43 million shares of common stock in total (or approximately 763.91 million shares on a fully diluted basis, before applying the treasury stock method).
Read the original article on RTTNews (http://www.rttnews.com/2965824/dell-technologies-closes-class-v-transaction.aspx)
For comments and feedback: contact editorial@rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange. (RTTNews.com) - Dell Technologies announced the successful completion of the Class V transaction following approval of the transaction by its stockholders at a special meeting held on December 11, 2018. Dell Technologies said it paid $14 billion in cash and issued 149.39 million shares of its Class C common stock in connection with the Class V transaction.
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Dell Technologies said it paid $14 billion in cash and issued 149.39 million shares of its Class C common stock in connection with the Class V transaction. Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange. Following the completion of the Class V transaction, Dell Technologies has approximately 171.91 million outstanding shares of Class C common stock (or approximately 206.48 million shares on a fully diluted basis, before applying the treasury stock method) and approximately 718.43 million shares of common stock in total (or approximately 763.91 million shares on a fully diluted basis, before applying the treasury stock method).
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Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange. Following the completion of the Class V transaction, Dell Technologies has approximately 171.91 million outstanding shares of Class C common stock (or approximately 206.48 million shares on a fully diluted basis, before applying the treasury stock method) and approximately 718.43 million shares of common stock in total (or approximately 763.91 million shares on a fully diluted basis, before applying the treasury stock method). (RTTNews.com) - Dell Technologies announced the successful completion of the Class V transaction following approval of the transaction by its stockholders at a special meeting held on December 11, 2018.
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(RTTNews.com) - Dell Technologies announced the successful completion of the Class V transaction following approval of the transaction by its stockholders at a special meeting held on December 11, 2018. Dell Technologies said it paid $14 billion in cash and issued 149.39 million shares of its Class C common stock in connection with the Class V transaction. Dell Technologies Class C common stock ( DELL ) began trading on December 26, 2018 on a when-issued basis and begins trading today on a regular-way basis on the New York Stock Exchange.
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61315864-0e41-4034-9556-d3a05338e146
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726330.0
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2018-12-28 00:00:00 UTC
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US STOCKS-Wall Street rally pauses, but stocks mint weekly gain
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-rally-pauses-stocks-mint-weekly-gain-2018-12-28
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in an Eikon news window.)
* Another choppy session to end wild trading week
* Indexes snap three straight weeks of losses
* U.S. pending home sales fall unexpectedly in November
* Dow down 0.33 pct, S&P 500 down 0.12 pct, Nasdaq up 0.08pct (Updates to close of U.S. market)
By Lewis Krauskopf
Dec 28 (Reuters) - The S&P 500 ended marginally lower in achoppy session on Friday, but major indexes posted weekly gainsfor the first time in December following a wild few days oftrading that saw equities rebound from a prolonged slide.
Major indexes moved in and out of positive territory duringthe day, action that was emblematic of recent volatility thoughlacking the huge swings of the past week. The Dow finishedmodestly lower, while the Nasdaq eked out a slight gain.
With the year coming to an end, investors will be watchingkey U.S. economic reports next week, including on manufacturingand employment.
"It's just maybe nervousness ... with another short weekcoming up," said Bucky Hellwig, senior vice president at BB&TWealth Management in Birmingham, Alabama. "There's a lot ofpotential for moves one way or the other. We have got a lot ofdata coming in next week."
Thursday's trading was marked by a stunning reversal late inthe session to build on a rally that started on Wednesday withthe biggest single-day percentage gains for the indexes innearly a decade.
The week started off with Wall Street's worst-ever ChristmasEve drop, pushing the S&P 500 to within a whisker of bear marketterritory.
"The market does seem to be forming a tradeable bottom,"said Michael Arone, chief investment strategist at State StreetGlobal Advisors in Boston. "In the last few days and evenincluding today, you are seeing investors come in and startingto look for some bargains."
The Dow Jones Industrial Average .DJI fell 76.42 points,or 0.33 percent, to 23,062.40, the S&P 500 .SPX lost 3.09points, or 0.12 percent, to 2,485.74 and the Nasdaq Composite .IXIC added 5.03 points, or 0.08 percent, to 6,584.52.
For the week, the S&P 500 rose 2.86 percent, the Dow added2.75 percent, and the Nasdaq gained 3.97 percent.
Even so, the S&P 500 was on track to drop more than 9percent in December, its biggest monthly percentage declinesince February 2009, during the throes of the financial crisis.
Concerns about trade tensions between the United States andChina, instability in Washington as underscored by the partialfederal government shutdown, and slowing U.S. corporate profitgrowth continue to worry investors heading into 2019.
But the recent slide in stocks means valuations are morereasonable, while some market watchers said this week that WallStreet was becoming more confident about the Federal Reserve'sapproach to interest rate policy and monetary tightening.
"Investors are beginning to price in the fact that theybelieve the Fed will raise rates at a much slower pace in 2019,"Arone said.
The rebound in stocks this week comes as investors may berotating into equities from bonds. U.S. fund investors added$5.2 billion to equity funds in the first net positive flows forsuch funds this month, while bonds funds saw $8.3 billion inoutflows, according to Lipper data for the latest weekly period.
Contracts to buy previously owned homes fell unexpectedly inNovember, the National Association of Realtors said, the latestsign of weakness in the U.S. housing market.
In corporate news, Tesla IncTSLA.O shares jumped 5.6percent after the electric carmaker named Oracle CorpORCL.N co-founder Larry Ellison to its board, in response to a demandby U.S. regulators for independent oversight of companymanagement.
Dell Technologies IncDELL.N returned to public markets,nearly six years after the company's founder and chiefexecutive, Michael Dell, took it private.
Advancing issues outnumbered declining ones on the NYSE by a1.97-to-1 ratio; on Nasdaq, a 2.23-to-1 ratio favored advancers.
The S&P 500 posted no new 52-week highs and no new lows; theNasdaq Composite recorded six new highs and 90 new lows.
About 8 billion shares changed hands in U.S. exchanges,below the 9.2 billion-share daily average over the last 20sessions. (Additional reporting by Chuck Mikolajczak and Trevor Hunnicuttin New York, Medha Singh in Bengaluru; editing by Steve Orlofskyand Jonathan Oatis) ((lewis.krauskopf@thomsonreuters.com; 646-223-6082; ReutersMessaging: lewis.krauskopf.thomsonreuters.com@reuters.net,Twitter: @LKrauskopf))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies IncDELL.N returned to public markets,nearly six years after the company's founder and chiefexecutive, Michael Dell, took it private. Thursday's trading was marked by a stunning reversal late inthe session to build on a rally that started on Wednesday withthe biggest single-day percentage gains for the indexes innearly a decade. Concerns about trade tensions between the United States andChina, instability in Washington as underscored by the partialfederal government shutdown, and slowing U.S. corporate profitgrowth continue to worry investors heading into 2019.
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Dell Technologies IncDELL.N returned to public markets,nearly six years after the company's founder and chiefexecutive, Michael Dell, took it private. * Another choppy session to end wild trading week * Indexes snap three straight weeks of losses * U.S. pending home sales fall unexpectedly in November * Dow down 0.33 pct, S&P 500 down 0.12 pct, Nasdaq up 0.08pct (Updates to close of U.S. market) By Lewis Krauskopf Dec 28 (Reuters) - The S&P 500 ended marginally lower in achoppy session on Friday, but major indexes posted weekly gainsfor the first time in December following a wild few days oftrading that saw equities rebound from a prolonged slide. For the week, the S&P 500 rose 2.86 percent, the Dow added2.75 percent, and the Nasdaq gained 3.97 percent.
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Dell Technologies IncDELL.N returned to public markets,nearly six years after the company's founder and chiefexecutive, Michael Dell, took it private. * Another choppy session to end wild trading week * Indexes snap three straight weeks of losses * U.S. pending home sales fall unexpectedly in November * Dow down 0.33 pct, S&P 500 down 0.12 pct, Nasdaq up 0.08pct (Updates to close of U.S. market) By Lewis Krauskopf Dec 28 (Reuters) - The S&P 500 ended marginally lower in achoppy session on Friday, but major indexes posted weekly gainsfor the first time in December following a wild few days oftrading that saw equities rebound from a prolonged slide. For the week, the S&P 500 rose 2.86 percent, the Dow added2.75 percent, and the Nasdaq gained 3.97 percent.
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Dell Technologies IncDELL.N returned to public markets,nearly six years after the company's founder and chiefexecutive, Michael Dell, took it private. * Another choppy session to end wild trading week * Indexes snap three straight weeks of losses * U.S. pending home sales fall unexpectedly in November * Dow down 0.33 pct, S&P 500 down 0.12 pct, Nasdaq up 0.08pct (Updates to close of U.S. market) By Lewis Krauskopf Dec 28 (Reuters) - The S&P 500 ended marginally lower in achoppy session on Friday, but major indexes posted weekly gainsfor the first time in December following a wild few days oftrading that saw equities rebound from a prolonged slide. We have got a lot ofdata coming in next week."
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ddf4cbf2-9a6d-4cf5-a279-5fb848e0289b
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726331.0
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2018-12-28 00:00:00 UTC
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Wall Street pushes higher in bid to extend rally
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DELL
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https://www.nasdaq.com/articles/wall-street-pushes-higher-bid-extend-rally-2018-12-28
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nan
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nan
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By Lewis Krauskopf
Dec 28 () - U.S. stocks pushed higher in a choppy session on Friday following a wild week of trading that has seen equities rebound from a prolonged slide.
Major indexes moved in and out of positive territory during the day, action that was emblematic of recent volatility though lacking the huge swings of the past week.
The week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory.
"The primary driver of today's action continues to be this idea that markets were oversold," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
"The market does seem to be forming a tradeable bottom," Arone said. "In the last few days and even including today, you are seeing investors come in and starting to look for some bargains."
The Dow Jones Industrial Average rose 137.97 points, or 0.6 percent, to 23,276.79, the S&P 500 gained 18.35 points, or 0.74 percent, to 2,507.18 and the Nasdaq Composite added 56.19 points, or 0.85 percent, to 6,635.68.
The S&P 500 was coming off its biggest two-day percentage gain since late August 2015 when the market was in the midst of a downturn over a slowing China. The benchmark index was set to post a weekly gain for the first time this month.
Even so, the S&P 500 was on track to drop more than 9 percent in December, its biggest monthly percentage decline since February 2009, during the throes of the financial crisis.
Concerns about trade tensions between the United States and China, instability in Washington as underscored by the federal government shutdown, and slowing U.S. corporate profit growth continue to worry investors heading into 2019.
But the recent slide in stocks means valuations are more reasonable, while some market watchers said this week that Wall Street was becoming more confident about the Federal Reserve's approach to interest rate policy and monetary tightening.
"Investors are beginning to price in the fact that they believe the Fed will raise rates at a much slower pace in 2019," Arone said.
The rebound in stocks this week comes as investors may be rotating into equities from bonds. U.S. fund investors added $5.2 billion to equity funds in the first net positive flows for such funds this month, while bonds funds saw $8.3 billion in outflows, according to Lipper data for the latest weekly period.
Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said, the latest sign of weakness in the U.S. housing market.
In corporate news, Tesla Inc shares jumped 5.8 percent after the electric carmaker named Oracle Corp co-founder Larry Ellison to its board, in response to a demand by U.S. regulators for independent oversight of company management.
Dell Technologies Inc returned to public markets, nearly six years after the company's founder and chief executive, Michael Dell, took it private.
Advancing issues outnumbered declining ones on the NYSE by a 2.61-to-1 ratio; on the Nasdaq, a 2.73-to-1 ratio favored advancers.
The S&P 500 posted no new 52-week highs and no new lows; the Nasdaq Composite recorded five new highs and 71 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc returned to public markets, nearly six years after the company's founder and chief executive, Michael Dell, took it private. Concerns about trade tensions between the United States and China, instability in Washington as underscored by the federal government shutdown, and slowing U.S. corporate profit growth continue to worry investors heading into 2019. But the recent slide in stocks means valuations are more reasonable, while some market watchers said this week that Wall Street was becoming more confident about the Federal Reserve's approach to interest rate policy and monetary tightening.
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Dell Technologies Inc returned to public markets, nearly six years after the company's founder and chief executive, Michael Dell, took it private. The week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. The Dow Jones Industrial Average rose 137.97 points, or 0.6 percent, to 23,276.79, the S&P 500 gained 18.35 points, or 0.74 percent, to 2,507.18 and the Nasdaq Composite added 56.19 points, or 0.85 percent, to 6,635.68.
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Dell Technologies Inc returned to public markets, nearly six years after the company's founder and chief executive, Michael Dell, took it private. The Dow Jones Industrial Average rose 137.97 points, or 0.6 percent, to 23,276.79, the S&P 500 gained 18.35 points, or 0.74 percent, to 2,507.18 and the Nasdaq Composite added 56.19 points, or 0.85 percent, to 6,635.68. But the recent slide in stocks means valuations are more reasonable, while some market watchers said this week that Wall Street was becoming more confident about the Federal Reserve's approach to interest rate policy and monetary tightening.
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Dell Technologies Inc returned to public markets, nearly six years after the company's founder and chief executive, Michael Dell, took it private. The week started off with Wall Street's worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. The S&P 500 was coming off its biggest two-day percentage gain since late August 2015 when the market was in the midst of a downturn over a slowing China.
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dee63d06-d54c-4e4e-b820-b8ab03198c49
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726332.0
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2018-12-28 00:00:00 UTC
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Wall Street fights to extend two-day rally
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DELL
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https://www.nasdaq.com/articles/wall-street-fights-extend-two-day-rally-2018-12-28
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nan
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nan
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By Medha Singh
Dec 28 () - U.S. stocks flitted between gains and losses on Friday, struggling to extend their rally to a third straight day and cap a week that is on pace to snap a three-week losing streak.
The week started off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000-plus point surge on Wednesday and a stunning reversal late on Thursday that ensured two days of gains.
Supporting the market were the financial and consumer discretionary sectors, up about 0.5 percent each. Technology stocks, whose index-weight has a heavy influence on the market, see-sawed through the day, and were last up 0.11 percent.
The S&P energy sector spent most of the day in the red, last down 0.66 percent as crude oil prices came under pressure from profit-taking.
"We're seeing some big moves today, and I expect the wild ride to continue, like the ones we've seen in the last couple of trading days," said Ryan Nauman, market strategist at Informa Financial Intelligence in Zephyr Cove, Nevada.
"Since the beginning of October, investors are more defensive. Rather than buying the dip, they are selling the rally. They are looking to take gains when they can," Nauman added.
Weighing on sentiment was a report that contracts to buy previously owned homes fell unexpectedly in November, the latest sign of weakness in the U.S. housing market.
At 12:51 p.m. ET, the Dow Jones Industrial Average was up 21.64 points, or 0.09 percent, at 23,160.46, while the S&P 500 was up 4.00 points, or 0.16 percent, at 2,492.83. The Nasdaq Composite was up 18.46 points, or 0.28 percent, at 6,597.96.
While a run of three weeks of losses looked set to end, the three indexes are still down about 9 percent for December and on track for their biggest annual percentage drop since 2008.
Investors head into 2019 with a list of worries ranging from U.S.-China trade tensions, rising interest rates and a cooling economy to a partial U.S. government shutdown that started on Saturday.
Among stocks, Tesla Inc jumped 4.86 percent after the electric carmaker named two new independent board directors.
Dell Technologies Inc returned to the stock market nearly six years after founder Michael Dell took the computer maker private. The stock opened at $46 and was last at $44.78.
Advancing issues outnumbered decliners by a 1.63-to-1 ratio on the NYSE and a 1.98-to-1 ratio on the Nasdaq.
There were no new 52-week highs or lows on the S&P, while the Nasdaq recorded five new highs and 61 new lows.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies Inc returned to the stock market nearly six years after founder Michael Dell took the computer maker private. By Medha Singh Dec 28 () - U.S. stocks flitted between gains and losses on Friday, struggling to extend their rally to a third straight day and cap a week that is on pace to snap a three-week losing streak. The week started off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000-plus point surge on Wednesday and a stunning reversal late on Thursday that ensured two days of gains.
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Dell Technologies Inc returned to the stock market nearly six years after founder Michael Dell took the computer maker private. The week started off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000-plus point surge on Wednesday and a stunning reversal late on Thursday that ensured two days of gains. "We're seeing some big moves today, and I expect the wild ride to continue, like the ones we've seen in the last couple of trading days," said Ryan Nauman, market strategist at Informa Financial Intelligence in Zephyr Cove, Nevada.
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Dell Technologies Inc returned to the stock market nearly six years after founder Michael Dell took the computer maker private. The week started off with Wall Street's worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average's record 1,000-plus point surge on Wednesday and a stunning reversal late on Thursday that ensured two days of gains. Technology stocks, whose index-weight has a heavy influence on the market, see-sawed through the day, and were last up 0.11 percent.
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Dell Technologies Inc returned to the stock market nearly six years after founder Michael Dell took the computer maker private. Supporting the market were the financial and consumer discretionary sectors, up about 0.5 percent each. Technology stocks, whose index-weight has a heavy influence on the market, see-sawed through the day, and were last up 0.11 percent.
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16e615f0-9fcc-4790-8060-c7fa7cca8c93
|
726333.0
|
2018-12-28 00:00:00 UTC
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US STOCKS-Wall Street fights to extend two-day rally
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DELL
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https://www.nasdaq.com/articles/us-stocks-wall-street-fights-extend-two-day-rally-2018-12-28
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in an Eikon news window.)
* Indexes up: Dow 0.09 pct, S&P 0.16 pct, Nasdaq 0.28 pct
* Financials gain, energy drops
* Wall St set to snap three straight weeks of losses (Updates to early afternoon)
By Medha Singh
Dec 28 (Reuters) - U.S. stocks flitted between gains andlosses on Friday, struggling to extend their rally to a thirdstraight day and cap a week that is on pace to snap a three-weeklosing streak.
The week started off with Wall Street's worst-ever ChristmasEve drop, followed by Dow Jones Industrial Average's .DJI record 1,000-plus point surge on Wednesday and a stunningreversal late on Thursday that ensured two days of gains.
The trend continued on Friday, but the extent of the swingswere relatively small, with the S&P 500 rising as much as 0.78percent before dropping 0.64 percent to a session low.
Supporting the market were the financial .SPSY andconsumer discretionary .SPLRCD sectors, up about 0.5 percenteach. Technology stocks .SPLRCT , whose index-weight has aheavy influence on the market, see-sawed through the day, andwere last up 0.11 percent.
The S&P energy sector .SPNY spent most of the day in thered, last down 0.66 percent as crude oil prices came underpressure from profit-taking. O/R
"We're seeing some big moves today, and I expect the wildride to continue, like the ones we've seen in the last couple oftrading days," said Ryan Nauman, market strategist at InformaFinancial Intelligence in Zephyr Cove, Nevada.
"Since the beginning of October, investors are moredefensive. Rather than buying the dip, they are selling therally. They are looking to take gains when they can," Naumanadded.
Weighing on sentiment was a report that contracts to buypreviously owned homes fell unexpectedly in November, the latestsign of weakness in the U.S. housing market.
At 12:51 p.m. ET, the Dow Jones Industrial Average .DJI was up 21.64 points, or 0.09 percent, at 23,160.46, while theS&P 500 .SPX was up 4.00 points, or 0.16 percent, at 2,492.83.The Nasdaq Composite .IXIC was up 18.46 points, or 0.28percent, at 6,597.96.
While a run of three weeks of losses looked set to end, thethree indexes are still down about 9 percent for December and ontrack for their biggest annual percentage drop since 2008.
Investors head into 2019 with a list of worries ranging fromU.S.-China trade tensions, rising interest rates and a coolingeconomy to a partial U.S. government shutdown that started onSaturday.
Among stocks, Tesla IncTSLA.O jumped 4.86 percent afterthe electric carmaker named two new independent board directors.
Dell Technologies IncDELL.N returned to the stock marketnearly six years after founder Michael Dell took the computermaker private. The stock opened at $46 and was last at $44.78.
Advancing issues outnumbered decliners by a 1.63-to-1 ratioon the NYSE and a 1.98-to-1 ratio on the Nasdaq.
There were no new 52-week highs or lows on the S&P, whilethe Nasdaq recorded five new highs and 61 new lows. (Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silvaand Sriraj Kalluvila) ((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780,outside U.S. +91 80 6749 1130; Reuters Messaging:medha.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Technologies IncDELL.N returned to the stock marketnearly six years after founder Michael Dell took the computermaker private. The week started off with Wall Street's worst-ever ChristmasEve drop, followed by Dow Jones Industrial Average's .DJI record 1,000-plus point surge on Wednesday and a stunningreversal late on Thursday that ensured two days of gains. O/R "We're seeing some big moves today, and I expect the wildride to continue, like the ones we've seen in the last couple oftrading days," said Ryan Nauman, market strategist at InformaFinancial Intelligence in Zephyr Cove, Nevada.
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Dell Technologies IncDELL.N returned to the stock marketnearly six years after founder Michael Dell took the computermaker private. * Indexes up: Dow 0.09 pct, S&P 0.16 pct, Nasdaq 0.28 pct * Financials gain, energy drops * Wall St set to snap three straight weeks of losses (Updates to early afternoon) By Medha Singh Dec 28 (Reuters) - U.S. stocks flitted between gains andlosses on Friday, struggling to extend their rally to a thirdstraight day and cap a week that is on pace to snap a three-weeklosing streak. The week started off with Wall Street's worst-ever ChristmasEve drop, followed by Dow Jones Industrial Average's .DJI record 1,000-plus point surge on Wednesday and a stunningreversal late on Thursday that ensured two days of gains.
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Dell Technologies IncDELL.N returned to the stock marketnearly six years after founder Michael Dell took the computermaker private. * Indexes up: Dow 0.09 pct, S&P 0.16 pct, Nasdaq 0.28 pct * Financials gain, energy drops * Wall St set to snap three straight weeks of losses (Updates to early afternoon) By Medha Singh Dec 28 (Reuters) - U.S. stocks flitted between gains andlosses on Friday, struggling to extend their rally to a thirdstraight day and cap a week that is on pace to snap a three-weeklosing streak. The week started off with Wall Street's worst-ever ChristmasEve drop, followed by Dow Jones Industrial Average's .DJI record 1,000-plus point surge on Wednesday and a stunningreversal late on Thursday that ensured two days of gains.
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Dell Technologies IncDELL.N returned to the stock marketnearly six years after founder Michael Dell took the computermaker private. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in an Eikon news window.) * Indexes up: Dow 0.09 pct, S&P 0.16 pct, Nasdaq 0.28 pct * Financials gain, energy drops * Wall St set to snap three straight weeks of losses (Updates to early afternoon) By Medha Singh Dec 28 (Reuters) - U.S. stocks flitted between gains andlosses on Friday, struggling to extend their rally to a thirdstraight day and cap a week that is on pace to snap a three-weeklosing streak.
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59d96536-8e52-4364-8288-99c791fb84e4
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726334.0
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2013-11-27 00:00:00 UTC
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Closing Update: Stocks Extend Streak to Day Five on Improved Consumer Sentiment, Manufacturing
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DELL
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https://www.nasdaq.com/articles/closing-update-stocks-extend-streak-day-five-improved-consumer-sentiment-manufacturing
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nan
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nan
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Wall Street was on auto-pilot before tomorrow's Thanksgiving holiday and Friday's shortened session, although all three indices managed to hold onto modest gains that included a fresh 13-year high for the Nasdaq. Volume was roughly one-third third its average, but strong earnings from Hewlett-Packard ( HPQ ) and upbeat data on consumer sentiment and regional manufacturing activity provided early gains that largely held. However, with the markets closed Thursday, and Friday the last trading day of the month, month-end window dressing contributed to the slight drift off the highs, leaving stocks on the plus side but off their best levels of the day.
Today'seconomic calendarincluded everything from October durable goods orders (-2.0%) to leading indicators (+0.2%). But it was the data from the Midwest that generated the most interest. The Chicago Fed reported that their national activity index tumbled to -0.18 from a positive 0.18 the month prior. But fortunately, this was overshadowed by better than expected Chicago PMI and Reuters/Univ of Michigan consumer sentiment index, the latter improving to 75.1 from October's 72.0.
Here's where the markets stand at the close:
US MARKETS
Dow Jones Industrial Index was up 24 points, or 0.2%, to 16,097.33
S&P 500 was up 4 points, or 0.3%, at 1,807.23
Nasdaq Composite Index was up 27 points, or 0.7%, at 4,044.75
GLOBAL SENTIMENT
FTSE 100 was up 0.20%
Nikkei 225 was down 0.42%
Hang Seng Index was up 0.53%
Shanghai China Composite Index was up 0.82%
UPSIDE MOVERS
PZN, JP Morgan upgraded the stock to Overweight rating from Neutral and raised its price target $2.
CRDS, The company filed a suit against Dell Inc ( DELL ) and other rivals alleging they are infringing on three of the company's patented technologies..
BIOS, Drugstore CVS ( CVS ) announced it was buying the Coram division of privately held Apria Healthcare, a competitor of BioScrip.
DOWNSIDE MOVERS
TLYS, Downgraded by analysts at SunTrust Robinson Humphrey to a Neutral rating from a Buy.
BLOX The company reported as expected Q1 revenue and beats EPS, but revised Q2 and FY 2014 guidance lower
BRLI, The company expects Q4 EPS of $0.40, below estimates for $0.55 and
FY EPS at $1.65, missing forecasts for $1.79.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CRDS, The company filed a suit against Dell Inc ( DELL ) and other rivals alleging they are infringing on three of the company's patented technologies.. BIOS, Drugstore CVS ( CVS ) announced it was buying the Coram division of privately held Apria Healthcare, a competitor of BioScrip. Wall Street was on auto-pilot before tomorrow's Thanksgiving holiday and Friday's shortened session, although all three indices managed to hold onto modest gains that included a fresh 13-year high for the Nasdaq. Volume was roughly one-third third its average, but strong earnings from Hewlett-Packard ( HPQ ) and upbeat data on consumer sentiment and regional manufacturing activity provided early gains that largely held.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CRDS, The company filed a suit against Dell Inc ( DELL ) and other rivals alleging they are infringing on three of the company's patented technologies.. BIOS, Drugstore CVS ( CVS ) announced it was buying the Coram division of privately held Apria Healthcare, a competitor of BioScrip. But fortunately, this was overshadowed by better than expected Chicago PMI and Reuters/Univ of Michigan consumer sentiment index, the latter improving to 75.1 from October's 72.0.
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CRDS, The company filed a suit against Dell Inc ( DELL ) and other rivals alleging they are infringing on three of the company's patented technologies.. BIOS, Drugstore CVS ( CVS ) announced it was buying the Coram division of privately held Apria Healthcare, a competitor of BioScrip. However, with the markets closed Thursday, and Friday the last trading day of the month, month-end window dressing contributed to the slight drift off the highs, leaving stocks on the plus side but off their best levels of the day. Dow Jones Industrial Index was up 24 points, or 0.2%, to 16,097.33 S&P 500 was up 4 points, or 0.3%, at 1,807.23 Nasdaq Composite Index was up 27 points, or 0.7%, at 4,044.75
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CRDS, The company filed a suit against Dell Inc ( DELL ) and other rivals alleging they are infringing on three of the company's patented technologies.. BIOS, Drugstore CVS ( CVS ) announced it was buying the Coram division of privately held Apria Healthcare, a competitor of BioScrip. Wall Street was on auto-pilot before tomorrow's Thanksgiving holiday and Friday's shortened session, although all three indices managed to hold onto modest gains that included a fresh 13-year high for the Nasdaq. However, with the markets closed Thursday, and Friday the last trading day of the month, month-end window dressing contributed to the slight drift off the highs, leaving stocks on the plus side but off their best levels of the day.
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a1c8b8ba-51d1-4b06-a987-a6aa2e5f5c7d
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726335.0
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2013-11-21 00:00:00 UTC
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Carl Icahn Eyes Next Target with 13% Stake in Hologic
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DELL
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https://www.nasdaq.com/articles/carl-icahn-eyes-next-target-13-stake-hologic-2013-11-21
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nan
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nan
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After shaking up Dell ( DELL ) and Apple ( AAPL ) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. ( HOLX ). Icahn reported today in a 13D activist filing with the SEC that he has taken a 12.63% stake in the company, equal to 34,154,879 shares, costing in aggregate $285.4 million.
Icahn said he acquired the position because he believed the stock was undervalued. He also intends to initiate discussions with the management about ways to enhance shareholder value, and possibly seek shareholder board seats.
Hologic, a women's healthcare company focused on breast health, diagnostics, GYN surgical and skeletal system and headquartered in Massachusetts, forecast a 1% to 3% decline in revenue for fiscal year 2014 due to decreased sales of several of its products. Shares dropped more than 10% within a day of the announcement.
For its fiscal fourth quarter 2013 the company on Nov. 11 reported revenues increased 5.7% from the previous year to $622.1 million, driven by a 14.4% increase in its diagnostics business. It suffered a quarter net loss of $1.1 billion, or $4.11 per diluted share, increased from a $77.8 million net loss, or $0.29 per diluted share, a year prior.
On the same day, the company announced board authorization of a $250 million, three-year stock repurchase program.
The following shows Hologic's share buyback history:
Hologic's balance sheet shows $958 million in cash - its highest-ever level - with $4.35 billion in long-term debt. The company pays no dividend, and has seen its gross margin decline at an average rate per year of 1.9%.
The company's President and CEO Jack Cumming commented on the fourth quarter financial results: "We have made significant progress in recent months in reviewing the strategy, leadership and cost structure of each of our businesses, all with a focus on making changes to the organization that will enable us to leverage our strong product platforms going forward. We expect fiscal 2014 to be a transitional year for the Company and we remain confident the changes we are making to enhance the organization, combined with improving trends across our portfolio of market-leading products, will drive stronger financial performance in fiscal 2015 and beyond."
In response to Icahn's stake disclosure, Hologic has adopted a shareholder rights plan aimed to ensure shareholders receive fair and equal treatment and to prevent any individual from gaining control of the company without providing them adequate compensation.
GuruFocus Real Time Picks alerts you for the stock purchases and sales that Gurus have made within the last two days. Follow your favorite Gurus closely with GuruFocus' Premium Membership! If you are not a Premium Member, we invite you for a 7-Day Free Trial.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After shaking up Dell ( DELL ) and Apple ( AAPL ) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. ( HOLX ). Icahn reported today in a 13D activist filing with the SEC that he has taken a 12.63% stake in the company, equal to 34,154,879 shares, costing in aggregate $285.4 million. Hologic, a women's healthcare company focused on breast health, diagnostics, GYN surgical and skeletal system and headquartered in Massachusetts, forecast a 1% to 3% decline in revenue for fiscal year 2014 due to decreased sales of several of its products.
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After shaking up Dell ( DELL ) and Apple ( AAPL ) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. ( HOLX ). For its fiscal fourth quarter 2013 the company on Nov. 11 reported revenues increased 5.7% from the previous year to $622.1 million, driven by a 14.4% increase in its diagnostics business. It suffered a quarter net loss of $1.1 billion, or $4.11 per diluted share, increased from a $77.8 million net loss, or $0.29 per diluted share, a year prior.
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After shaking up Dell ( DELL ) and Apple ( AAPL ) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. ( HOLX ). Hologic, a women's healthcare company focused on breast health, diagnostics, GYN surgical and skeletal system and headquartered in Massachusetts, forecast a 1% to 3% decline in revenue for fiscal year 2014 due to decreased sales of several of its products. It suffered a quarter net loss of $1.1 billion, or $4.11 per diluted share, increased from a $77.8 million net loss, or $0.29 per diluted share, a year prior.
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After shaking up Dell ( DELL ) and Apple ( AAPL ) this year, billionaire investor Carl Icahn has set his sights on his next target: Hologic Inc. ( HOLX ). For its fiscal fourth quarter 2013 the company on Nov. 11 reported revenues increased 5.7% from the previous year to $622.1 million, driven by a 14.4% increase in its diagnostics business. GuruFocus Real Time Picks alerts you for the stock purchases and sales that Gurus have made within the last two days.
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b6143ee4-da0a-4a2b-b1bf-da92313fd077
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726336.0
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2013-11-19 00:00:00 UTC
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Carl Icahn: Markets Could Suffer Huge Drop
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DELL
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https://www.nasdaq.com/articles/carl-icahn-markets-could-suffer-huge-drop-2013-11-19
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nan
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nan
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Editor's Note: This content was originally published onBenzinga.comby Tim Parker.
You don't have to like him but you have to respect his results and that's why markets fell Monday when Carl Icahn spoke at the Reuters Global Investment Outlook Summit.
"I am very cautious on equities today. This market could easily have a big drop," Icahn said.
What was a flat market was soon down about 0.4 percent after Icahn expressed concern. Equally alarming was that his comments weren't built on the now overused, "the market has ran up too fast" reason.
"Very simplistically put, a lot of the earnings are a mirage. They are not coming because the companies are well run but because of low interest rates."
He went on to say that much of the stock price appreciation is a result of share buybacks instead of actual earnings growth.
Apple Comments
As Icahn has made himself more available to the media, he has used it to push his current positions. Icahn watchers remember his numerous open letters to Dell ( DELL ) along with his ceremonial first tweet being devoted to the company and numerous media appearances where Dell was the topic of conversation.
Currently, it's Apple ( AAPL ). He's using his high profile to push the company to repurchase more shares and his appearance at this conference is no different.
"Apple is not a bank and it should not be run like a bank because investors did not invest in a bank," he said. "Apple has all this money, they should be using it."
He continues to say that he doesn't plan to take on a truly activist role with the company-something that would be difficult given Apple's size and Icahn's relatively small position, but he will continue to push the company to put more of its cash to work.
Although not known as a Wall Street nice guy, even those who don't like him personally can't argue with his success. According to Icahn, if you purchased shares of companies where his people took board seats and held the shares as long as he did, you would have pocketed an annualized return of more than 28 percent.
Below, find some more great ETF and market content from Benzinga:
Kathleen Grace: Getting Your Financial 'Happily Ever After' (No Prince Charming Required)
3 Reasons Every Family Office Should Own Wal-Mart
Samsung's Galaxy Gear an Epic Failure -- Or is it?
Twitter: @Benzinga
Benzinga Pro covers this and allmarket newsin real time. Get your free trial here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn watchers remember his numerous open letters to Dell ( DELL ) along with his ceremonial first tweet being devoted to the company and numerous media appearances where Dell was the topic of conversation. You don't have to like him but you have to respect his results and that's why markets fell Monday when Carl Icahn spoke at the Reuters Global Investment Outlook Summit. Equally alarming was that his comments weren't built on the now overused, "the market has ran up too fast" reason.
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Icahn watchers remember his numerous open letters to Dell ( DELL ) along with his ceremonial first tweet being devoted to the company and numerous media appearances where Dell was the topic of conversation. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn watchers remember his numerous open letters to Dell ( DELL ) along with his ceremonial first tweet being devoted to the company and numerous media appearances where Dell was the topic of conversation. He continues to say that he doesn't plan to take on a truly activist role with the company-something that would be difficult given Apple's size and Icahn's relatively small position, but he will continue to push the company to put more of its cash to work. According to Icahn, if you purchased shares of companies where his people took board seats and held the shares as long as he did, you would have pocketed an annualized return of more than 28 percent.
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Icahn watchers remember his numerous open letters to Dell ( DELL ) along with his ceremonial first tweet being devoted to the company and numerous media appearances where Dell was the topic of conversation. What was a flat market was soon down about 0.4 percent after Icahn expressed concern. Apple Comments As Icahn has made himself more available to the media, he has used it to push his current positions.
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d4e1a61a-2eef-4e54-bf5c-9b830655808c
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726337.0
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2013-11-04 00:00:00 UTC
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Intel's Bay Trail, and the Revenge of the Netbook
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DELL
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https://www.nasdaq.com/articles/intels-bay-trail-and-revenge-netbook-2013-11-04
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nan
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nan
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The netbook didn't die immediately. It survived the initial punch to the face from Apple's ( AAPL ) iPad, which offered better battery life, a more intuitive interface, and an escape from the general mediocrity of Windows ultra-portables. It did not, however, survive the knife in the back from Microsoft ( MSFT ). The introduction of Windows RT called into question the viability of Windows 8 in small form factor devices, while Microsoft's foray into hardware raised doubts about the ability of manufacturing partners to compete with the much bigger brand. Shortly before the Surface was released, Asustek (TPE:2357) and Acer (TPE:2353) abandoned the netbook , leaving it for dead.
One year and a $900 million write-down later, we know that the Surface RT was a flop. Dell ( DELL ) announced last month that it was dropping Windows RT altogether; Hewlett-Packard ( HPQ ) and Toshiba (TYO:6502) had already moved on. Now, the OEMs (original equipment manufacturers) are bringing the netbook back to life - at least in spirit. A new generation of ultraportable PCs is hitting the market this fall, equipped with Intel's ( INTC ) Bay Trail system-on-a-chip. These machines are small, they're inexpensive, and they run the full (and perhaps soon, the only) version of Windows 8.1. They're also compelling enough that PCMag has penned an early obituary for the second-generation Surface.
Unlike their predecessors, these latter-day netbooks are no slouches when it comes to battery life and form factor. Lenovo's (HKG:0992) 8-inch Miix 2 could be a stand-in for the iPad Mini, measuring in at about the same size and weight. Offering between 9 (Anandtech) and 12 hours (Laptop Mag) of wireless browsing on a full charge, the 10-inch Asus' Transformer Book T100 lasts as long as most Android tablets. And at $299 and $349, respectively - a price that includes both Windows 8.1 and the full version of Office - these two units are considerably cheaper than Microsoft's tablets. The T100 is only Bay Trail machine currently shipping, but devices from Toshiba, Dell and HP are expected to hit shelves in November, and Intel claims more than 50 design wins with its new mobile processor.
However it fares with consumers, Bay Trail should perform well in the enterprise market. IT departments stand to benefit from a move toward Windows 8 tablets, eliminating some of cross-platform woes and security holes associated with IOS and Android. Bay Trail devices present an opportunity for Dell and HP to upsell their corporate clients; for instance, Dell's Venue Pro tablets have been built to take advantage of Dell Enterprise Services. Many of these machines ship with keyboards and/or styluses, and it's notable that the Windows OEMs have embraced multipurpose devices in a way that competition generally hasn't.
The strategy might be paying off. During Intel's third quarter conference call, CEO Brian Krzanich said that he was "already seeing some signs of tablet market share win back, as these 2-in-1 devices - especially in enterprise and the business side - hit the market and people see the value of having both devices."
The chipmaker was given a gift in September, when Apple announced the 64-bit A7 processor. For years, the only mobile systems-on-a-chip with 64-bit capability were Intel's. This never mattered, due to the Atom's shortcomings on battery life, and the fact that no mobile operating system could take advantage of the wider architecture. With IOS now pushing into 64-bits, Android may soon follow, and neither Qualcomm (QCOM) nor Nvidia (NVDA) appear anywhere close to a commercially available 64-bit product. ARM and its partners were caught sleeping; Samsung (OTCMKTS:SSNLF) says it will have a competitive chip for the Galaxy S5 next year, and that's as good as it gets. Anandtech's Anand Shimp says : "I'm still vetting other SoCs, but so far I haven't come across anyone in the ARM camp that can compete with what Apple has built here. Only Intel is competitive."
Though 64-bit may be a "gimmick," as one Qualcomm exec suggested, gimmicks do occasionally catch on . If the Atom finds its way into Android hardware, we may see more devices like the obscure Surge Tab PH-101 - a tablet that dual-boots Android and Windows 8. In that sense, Bay Trail may prove to be something of a Trojan horse for Microsoft and the PC world.
Intel expects a full range of Bay Trail machines for Black Friday, and by year-end we might have some idea of whether the netbook is back for good - or just back for more.
Related articles:
Tech News: Facebook to Track Your Every (Cursor) Move, Google to Sell Glass on 'Luxury' Barges
Google and Android Partners Sued by Apple and Microsoft-Led Patent Troll
Facebook's Future: 7 Things That Will Affect Earnings Next Year
Apple to Developers: Sorry, No Marketing With Gold iPhone 5S
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The T100 is only Bay Trail machine currently shipping, but devices from Toshiba, Dell and HP are expected to hit shelves in November, and Intel claims more than 50 design wins with its new mobile processor. Dell ( DELL ) announced last month that it was dropping Windows RT altogether; Hewlett-Packard ( HPQ ) and Toshiba (TYO:6502) had already moved on. Bay Trail devices present an opportunity for Dell and HP to upsell their corporate clients; for instance, Dell's Venue Pro tablets have been built to take advantage of Dell Enterprise Services.
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The T100 is only Bay Trail machine currently shipping, but devices from Toshiba, Dell and HP are expected to hit shelves in November, and Intel claims more than 50 design wins with its new mobile processor. Dell ( DELL ) announced last month that it was dropping Windows RT altogether; Hewlett-Packard ( HPQ ) and Toshiba (TYO:6502) had already moved on. Bay Trail devices present an opportunity for Dell and HP to upsell their corporate clients; for instance, Dell's Venue Pro tablets have been built to take advantage of Dell Enterprise Services.
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The T100 is only Bay Trail machine currently shipping, but devices from Toshiba, Dell and HP are expected to hit shelves in November, and Intel claims more than 50 design wins with its new mobile processor. Dell ( DELL ) announced last month that it was dropping Windows RT altogether; Hewlett-Packard ( HPQ ) and Toshiba (TYO:6502) had already moved on. Bay Trail devices present an opportunity for Dell and HP to upsell their corporate clients; for instance, Dell's Venue Pro tablets have been built to take advantage of Dell Enterprise Services.
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The T100 is only Bay Trail machine currently shipping, but devices from Toshiba, Dell and HP are expected to hit shelves in November, and Intel claims more than 50 design wins with its new mobile processor. Dell ( DELL ) announced last month that it was dropping Windows RT altogether; Hewlett-Packard ( HPQ ) and Toshiba (TYO:6502) had already moved on. Bay Trail devices present an opportunity for Dell and HP to upsell their corporate clients; for instance, Dell's Venue Pro tablets have been built to take advantage of Dell Enterprise Services.
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f76e51bd-f376-45bc-bfe7-5d2224efe182
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726338.0
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2013-11-04 00:00:00 UTC
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Stock Downgrades: Aflac's Duck Dynasty Is Over
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DELL
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https://www.nasdaq.com/articles/stock-downgrades-aflacs-duck-dynasty-over-2013-11-04
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nan
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nan
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The Jonas Brothers, who just broke up , and the Collyer Brothers, historic hoarders who saw Container Store ( TCS ) surge 101.11% on Friday - had better weeks. But, for the rest of us, Lehman Brothers are but a fast-fading bad dream. US markets hit fresh historic highs, as a month that began with a governmental ghost town and ended on Halloween raised investors' spirits. S&P 500 (INDEXSP:.INX) stocks rose 5% in October, even as Facebook ( FB ) fell 4.2% on the week. The social networking name will one day have more deceased profiles than live ones ; its stock now looks like dead money after a robust recent run. In a spooky trading week that ended with the Day of the Dead , there was no dead-cat bounce for Dell ( DELL ), and its delisting made kitty seriously pissed . Europe's PIIGS are suddenly in better health , yet Spanish sausage maker Viscofan ( VIS ) still plunged 9.6%, with that stock enduring its worst week for over half a decade. And don't expect cosmetics company Avon Products ( AVP ) to put lipstick on any tapirs; its shares imploded 17%.
In terms of events that may move markets today, at 10:00 a.m. Eastern August and September factory orders are each released. On the earnings front, several specific stocks could be impacted by quarterly earnings announcements. These include Anadarko Petroleum (APC), CF Industries (CF), Goodrich Petroleum (GDP), Hertz (HTZ), HSBC Holdings (HBC), Kellogg (K), Marathon Oil (MRO), Office Depot (ODP), OfficeMax (OMX), Pioneer Natural Resources (PXD), Plains All American Pipeline (PAA), and Tenet Healthcare (THC).
AFLAC Inc. (AFL): The currently- convalescing AFLAC duck - let's hope its doctor isn't a quack - gets downgraded to Neutral from Buy at Citigroup. Insurance outfit AFLAC officially stands for "American Family Life Assurance Company" but today, such $10 words are likely off the table.
Anworth Mortgage (ANH): Shares are moved to Market Perform from Outperform by Keefe Bruyette.
AstraZeneca (AZN): UBS reduces the European pharmaceutical firm to Neutral from Buy.
Bridgepoint Education (BPI): The stock gets slashed to Sell from Hold at Deutsche Bank.
Calpine (CPN): Jefferies lowers the electric utility to Hold from Buy. Its price objective, previously $23.50, is trimmed to $21.
Computer Programs & Systems (CPSI): Shares get reduced to Outperform from Strong Buy at Raymond James.
Danone (OTCMKTS:DANOY): Danone, best known for its yogurt, is now Neutral from Buy at Goldman Sachs. As a result of the analyst's action, stock in Danone is trading lower overseas as we speak.
Digital Realty Trust (DLR): DLR is downgraded to Neutral from Outperform at Robert W. Baird due to valuation issues. Its target price is also taken lower, to $48 from $69.
Gap Inc. (GPS): Suit yourself. Goldman Sachs slashes The Gap, king of casual Fridays, to Neutral from Buy. The Gap has been fairly flat over the past year, returning only 4.76%.
MarathonPetroleum (MPC): MRO is moved to In-Line from Outperform at Imperial Capital.
NetApp (NTAP): NTAP is now Neutral from Overweight at Piper Jaffray.
Range Resources (RRC): Barclays reduces RRC to Underweight from Equal Weight.
Reliance Steel (RS): Goldman cuts the commodity company to Neutral from Buy.
Republic Services (RSG): The waste management company gets moved to Neutral from Outperform with Wedbush.
Teva Pharmaceutical (TEVA): TEVA was downgraded to Underweight from Neutral at JPMorgan.
(See also: New Stock Coverage: Save the Last Dance for SFX Entertainment and Stock Upgrades: Party On, Red Sox Nation. Boston Beer Gets a Boost )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a spooky trading week that ended with the Day of the Dead , there was no dead-cat bounce for Dell ( DELL ), and its delisting made kitty seriously pissed . US markets hit fresh historic highs, as a month that began with a governmental ghost town and ended on Halloween raised investors' spirits. Europe's PIIGS are suddenly in better health , yet Spanish sausage maker Viscofan ( VIS ) still plunged 9.6%, with that stock enduring its worst week for over half a decade.
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In a spooky trading week that ended with the Day of the Dead , there was no dead-cat bounce for Dell ( DELL ), and its delisting made kitty seriously pissed . Teva Pharmaceutical (TEVA): TEVA was downgraded to Underweight from Neutral at JPMorgan. Boston Beer Gets a Boost ) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a spooky trading week that ended with the Day of the Dead , there was no dead-cat bounce for Dell ( DELL ), and its delisting made kitty seriously pissed . AFLAC Inc. (AFL): The currently- convalescing AFLAC duck - let's hope its doctor isn't a quack - gets downgraded to Neutral from Buy at Citigroup. Danone (OTCMKTS:DANOY): Danone, best known for its yogurt, is now Neutral from Buy at Goldman Sachs.
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In a spooky trading week that ended with the Day of the Dead , there was no dead-cat bounce for Dell ( DELL ), and its delisting made kitty seriously pissed . Anworth Mortgage (ANH): Shares are moved to Market Perform from Outperform by Keefe Bruyette. Its target price is also taken lower, to $48 from $69.
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46010562-05b5-4c0e-8204-80444dc9b42f
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726339.0
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2013-10-28 00:00:00 UTC
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Weekly CEO Sells Highlight: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc., eBay Inc.
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DELL
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https://www.nasdaq.com/articles/weekly-ceo-sells-highlight-dell-inc-springleaf-holdings-inc-delta-air-lines-inc-ebay-inc
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nan
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nan
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According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc. and eBay Inc.
Dell Inc ( DELL ): Chairman and CEO Michael S. Dell sold 2,964,869 Shares
Chairman and CEO of Dell Inc. ( DELL ) Michael S. Dell sold 2,964,869 shares on 10/21/2013 at an average price of $13.88. Dell Inc. has a market cap of $24.35 billion; its shares were traded at around $13.84 with a P/E ratio of 18.10 and P/S ratio of 0.43. The dividend yield of Dell Inc. stocks is 2.31%. Dell Inc. had an annual average earnings growth of 5.20% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3-star .
Dell Inc. reported its 2013 quarter results that ended on Aug. 2, 2013. The Company reported total revenues of $14.5 billion and net income of $204 million.
Chairman and CEO Michael S. Dell sold 2,964,869 shares of DELL stock on 10/21/2013 at the average price of $13.88. Carl C. Icahn and Senior Vice President Brian T. Gladden bought 76,010,328 shares of DELL stock in June, July and August.
Springleaf Holdings Inc. ( LEAF ): President and CEO Jay N. Levine sold 1,895,833 Shares
President and CEO of Springleaf Holdings Inc. ( LEAF ) Jay N. Levine sold 1,895,833 shares on 10/21/2013 at an average price of $15.9. Springleaf Holdings Inc. has a market cap of $2.18 billion; its shares were traded at around $19.53 with and P/S ratio of 1.95.
President and CEO Jay N. Levine sold 1,895,833 shares of LEAF stock on 10/21/2013 at the average price of $15.9. SVP and General Counsel Scott McKinlay bought 31,000 shares of LEAF stock on 10/21/2013. EVP, Capital Markets John Charles Anderson sold 1,350,000 shares of LEAF stock on 10/21/2013 at the average price of $15.9.
Delta Air Lines Inc. ( DAL ): CEO Richard H. Anderson Sold 400,000 Shares
CEO of Delta Air Lines Inc. ( DAL ) Richard H. Anderson sold 400,000 shares on 10/23/2013 at an average price of $25.63. Delta Air Lines Inc has a market cap of $22.51 billion; its shares were traded at around $26.31 with a P/E ratio of 12.60 and P/S ratio of 0.60. The dividend yield of Delta Air Lines Inc. stocks is 0.23%.
Delta Air Lines Inc. reported their 2013 quarter results with total operating revenues of $10.5 million and operating income of $1.6 million.
CEO Richard H. Anderson sold 400,000 shares of DAL stock on 10/23/2013 at the average price of $25.63. Director Roy J. Bostock and Director George N. Mattson bought 26,500 shares of DAL stock in August and October.
eBay Inc. ( EBAY ): President and CEO John J. Donahoe Sold 250,000 Shares
President and CEO of eBay Inc. ( EBAY ) John J. Donahoe sold 250,000 shares on 10/21/2013 at an average price of $52.1. ebay Inc. has a market cap of $66.85 billion; its shares were traded at around $51.64 with a P/E ratio of 25.90 and P/S ratio of 4.38. eBay Inc had an annual average earnings growth of 16.50% over the past 10 years. GuruFocus rated eBay Inc. the business predictability rank of 4-star.
eBay Inc. announced their 2013 third quarter results. The company reported net income of $689 million and revenues of $3.9 billion.
President and CEO John J. Donahoe sold 673,600 shares of EBAY stock in May, July and October. SVP, Finance and CFO Robert Holmes Swan sold 170,250 shares of EBAY stock on 10/21/2013 at the average price of $52.16. Director Kathleen C. Mitic bought 5,000 shares of EBAY stock on 07/24/2013 at the average price of $51.61. CTO and SVP Global Products Markets Mark T. Carges, SVP Corporate Communications Alan Lee Marks, and SVP Legal Affairs, General Counsel and Secretary Michael R. Jacobson sold 65,579 shares of EBAY stock in August, September and October.
For the complete list of stocks that were bought by their CEOs, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Carl C. Icahn and Senior Vice President Brian T. Gladden bought 76,010,328 shares of DELL stock in June, July and August. According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc. and eBay Inc. Dell Inc ( DELL ): Chairman and CEO Michael S. Dell sold 2,964,869 Shares Chairman and CEO of Dell Inc. ( DELL ) Michael S. Dell sold 2,964,869 shares on 10/21/2013 at an average price of $13.88. Dell Inc. has a market cap of $24.35 billion; its shares were traded at around $13.84 with a P/E ratio of 18.10 and P/S ratio of 0.43.
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According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc. and eBay Inc. Dell Inc ( DELL ): Chairman and CEO Michael S. Dell sold 2,964,869 Shares Chairman and CEO of Dell Inc. ( DELL ) Michael S. Dell sold 2,964,869 shares on 10/21/2013 at an average price of $13.88. Dell Inc. has a market cap of $24.35 billion; its shares were traded at around $13.84 with a P/E ratio of 18.10 and P/S ratio of 0.43. The dividend yield of Dell Inc. stocks is 2.31%.
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According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc. and eBay Inc. Dell Inc ( DELL ): Chairman and CEO Michael S. Dell sold 2,964,869 Shares Chairman and CEO of Dell Inc. ( DELL ) Michael S. Dell sold 2,964,869 shares on 10/21/2013 at an average price of $13.88. Dell Inc. has a market cap of $24.35 billion; its shares were traded at around $13.84 with a P/E ratio of 18.10 and P/S ratio of 0.43. The dividend yield of Dell Inc. stocks is 2.31%.
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According to GuruFocus Insider Data , these are the largest CEO sales during the past week: Dell Inc., Springleaf Holdings Inc., Delta Air Lines Inc. and eBay Inc. Dell Inc ( DELL ): Chairman and CEO Michael S. Dell sold 2,964,869 Shares Chairman and CEO of Dell Inc. ( DELL ) Michael S. Dell sold 2,964,869 shares on 10/21/2013 at an average price of $13.88. Chairman and CEO Michael S. Dell sold 2,964,869 shares of DELL stock on 10/21/2013 at the average price of $13.88. Dell Inc. has a market cap of $24.35 billion; its shares were traded at around $13.84 with a P/E ratio of 18.10 and P/S ratio of 0.43.
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165df0b1-c143-4dcb-b355-826efe379351
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726340.0
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2013-10-28 00:00:00 UTC
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Pre-Market Most Active for Oct 28, 2013 : DNDN, PBR, ZGNX, SNTA, FB, NOK, NQ, DELL, MRK, QQQ, BAC, ALU
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-oct-28-2013-dndn-pbr-zgnx-snta-fb-nok-nq-dell-mrk-qqq-bac-alu-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -.43 to 3,383.4. The total Pre-Market volume is currently 4,127,996 shares traded.
The following are the most active stocks for the pre-market session :
Dendreon Corporation ( DNDN ) is +0.52 at $3.05, with 621,617 shares traded. As reported in the last short interest update the days to cover for DNDN is 22.392987; this calculation is based on the average trading volume of the stock.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is +0.59 at $16.50, with 592,256 shares traded. PBR's current last sale is 78.57% of the target price of $21.
Zogenix, Inc. ( ZGNX ) is +0.24 at $3.28, with 587,076 shares traded., following a 52-week high recorded in prior regular session.
Synta Pharmaceuticals Corp. ( SNTA ) is -1.18 at $5.22, with 481,766 shares traded. As reported in the last short interest update the days to cover for SNTA is 20.618553; this calculation is based on the average trading volume of the stock.
Facebook, Inc. ( FB ) is -0.25 at $51.70, with 463,634 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.17. FB is scheduled to provide an earnings report on 10/30/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 0.13 per share, which represents a 6 percent increase over the EPS one Year Ago
Nokia Corporation ( NOK ) is -0.09 at $6.88, with 374,702 shares traded.NOK is scheduled to provide an earnings report on 10/29/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 0 per share, which represents a -9 percent increase over the EPS one Year Ago
NQ Mobile Inc. ( NQ ) is +1.14 at $11.77, with 343,949 shares traded. As reported by Zacks, the current mean recommendation for NQ is in the "buy range".
Dell Inc. ( DELL ) is unchanged at $13.84, with 322,225 shares traded. DELL's current last sale is 101.02% of the target price of $13.7.
Merck & Company, Inc. ( MRK ) is -1.19 at $45.35, with 225,008 shares traded. RTT News Reports: Merck & Co Q3 13 Earnings Conference Call At 8:00 AM ET
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.04 at $82.86, with 176,663 shares traded. This represents a 35.15% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is unchanged at $14.26, with 144,264 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.27. BAC's current last sale is 95.07% of the target price of $15.
Alcatel Lucent ( ALU ) is -0.08 at $3.33, with 138,492 shares traded.ALU is scheduled to provide an earnings report on 10/31/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is -0.08 per share, which represents a -6 percent increase over the EPS one Year Ago
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is unchanged at $13.84, with 322,225 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. As reported in the last short interest update the days to cover for DNDN is 22.392987; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is unchanged at $13.84, with 322,225 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. The consensus earnings per share forecast is 0.13 per share, which represents a 6 percent increase over the EPS one Year Ago Nokia Corporation ( NOK ) is -0.09 at $6.88, with 374,702 shares traded.NOK is scheduled to provide an earnings report on 10/29/2013, for the fiscal quarter ending Sep2013.
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Dell Inc. ( DELL ) is unchanged at $13.84, with 322,225 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. The consensus earnings per share forecast is 0.13 per share, which represents a 6 percent increase over the EPS one Year Ago Nokia Corporation ( NOK ) is -0.09 at $6.88, with 374,702 shares traded.NOK is scheduled to provide an earnings report on 10/29/2013, for the fiscal quarter ending Sep2013.
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Dell Inc. ( DELL ) is unchanged at $13.84, with 322,225 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. The following are the most active stocks for the pre-market session : Dendreon Corporation ( DNDN ) is +0.52 at $3.05, with 621,617 shares traded.
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80bcea41-a9ea-4a3a-bb85-085c2925ba36
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726341.0
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2013-10-28 00:00:00 UTC
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After Hours Most Active for Oct 28, 2013 : DELL, RIG, VIP, VALE, KMI, SO, QQQ, FE, AEP, ACWX, AAPL, DNDN
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-oct-28-2013-dell-rig-vip-vale-kmi-so-qqq-fe-aep-acwx-aapl-dndn
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -11.54 to 3,371.14. The total After hours volume is currently 94,965,568 shares traded.
The following are the most active stocks for the after hours session :
Dell Inc. ( DELL ) is +0.01 at $13.84, with 38,249,764 shares traded. DELL's current last sale is 101.02% of the target price of $13.7.
Transocean Ltd. ( RIG ) is -0.18 at $48.42, with 21,629,756 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.89. RIG's current last sale is 91.36% of the target price of $53.
VimpelCom Ltd. ( VIP ) is -0.02 at $14.04, with 20,307,934 shares traded. VIP's current last sale is 117.98% of the target price of $11.9.
VALE S.A. ( VALE ) is +0.065 at $16.30, with 6,004,719 shares traded. VALE's current last sale is 77.62% of the target price of $21.
Kinder Morgan, Inc. ( KMI ) is unchanged at $36.10, with 4,885,079 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $0.37. KMI's current last sale is 85.95% of the target price of $42.
Southern Company (The) ( SO ) is -0.126 at $42.31, with 4,349,871 shares traded.SO is scheduled to provide an earnings report on 10/30/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 1.12 per share, which represents a 111 percent increase over the EPS one Year Ago
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.2 at $82.76, with 3,562,032 shares traded. This represents a 34.99% increase from its 52 Week Low.
FirstEnergy Corporation ( FE ) is unchanged at $37.82, with 2,834,511 shares traded. FE's current last sale is 92.24% of the target price of $41.
American Electric Power Company, Inc. ( AEP ) is -0.0651 at $47.23, with 2,761,993 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.54. AEP's current last sale is 96.4% of the target price of $49.
iShares MSCI ACWI ex US Index Fund ( ACWX ) is unchanged at $46.69, with 2,600,000 shares traded. This represents a 22.23% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is -11.256 at $518.62, with 1,927,080 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $7.89. RTT News Reports: Apple Q4 Profit Down - Quick Facts
Dendreon Corporation ( DNDN ) is -0.03 at $2.78, with 1,602,774 shares traded. As reported in the last short interest update the days to cover for DNDN is 22.392987; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.01 at $13.84, with 38,249,764 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. Southern Company (The) ( SO ) is -0.126 at $42.31, with 4,349,871 shares traded.SO is scheduled to provide an earnings report on 10/30/2013, for the fiscal quarter ending Sep2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.01 at $13.84, with 38,249,764 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. The total After hours volume is currently 94,965,568 shares traded.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.01 at $13.84, with 38,249,764 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.01 at $13.84, with 38,249,764 shares traded. DELL's current last sale is 101.02% of the target price of $13.7. The NASDAQ 100 After Hours Indicator is down -11.54 to 3,371.14.
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9d962161-1d61-4bc6-83ed-12bc8b3da1c2
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726342.0
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2013-10-24 00:00:00 UTC
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In Insider Trading, Michael Dell Makes Purchase and Sale in Preparation for Buyout
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DELL
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https://www.nasdaq.com/articles/insider-trading-michael-dell-makes-purchase-and-sale-preparation-buyout-2013-10-24
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nan
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nan
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.
Notable Purchases:
Michael Dell, Founder, Chairman, and CEO of global information technology company Dell ( DELL ), bought 2,964,869 shares of company stock for $41,152,380. Dell also appears on the insider sales list below.
The investment adviser KKR Asset Management bought 186,013 shares of home health care company Amedisys ( AMED ) for $3,264,482.
James Dondero, Portfolio Manager of non-diversified, closed-end management investment company Nexpoint Credit Strategies Fund ( NHF ), bought 159,839 shares of company stock for $1,253,138.
Notable Sales:
Michael Dell sold those same 2,964,869 shares that he purchased for the same price he paid, $41,152,380. According to the footnotes of the Form 4 Dell filled with the SEC, the transaction represents shares "held in trusts for the benefit of the children of Mr. Dell and his wife." It also stated, "On October 21, 2013, the reporting person purchased all of the shares held by the trusts and acquired direct beneficial ownership thereof." So, Michael Dell transferred funds from trusts for his family into his personal ownership. As Jonathan Moreland described it to us, "It would seem that Mr. Dell is preparing for the buyout, and likely making some moves for tax considerations."
The privately owned hedge fund sponsor Abrams Capital sold 654,583 shares of Engility Holdings ( EGL ) for $20,820,826. Engility provides systems engineering services, training, program management, and operational support for the US government.
For more insider trades, see the charts below.
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights :
In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
Jonathan Moreland is also the author of " Profit From Legal Insider Trading."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notable Purchases: Michael Dell, Founder, Chairman, and CEO of global information technology company Dell ( DELL ), bought 2,964,869 shares of company stock for $41,152,380. Dell also appears on the insider sales list below. Notable Sales: Michael Dell sold those same 2,964,869 shares that he purchased for the same price he paid, $41,152,380.
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Notable Purchases: Michael Dell, Founder, Chairman, and CEO of global information technology company Dell ( DELL ), bought 2,964,869 shares of company stock for $41,152,380. Dell also appears on the insider sales list below. Notable Sales: Michael Dell sold those same 2,964,869 shares that he purchased for the same price he paid, $41,152,380.
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Notable Purchases: Michael Dell, Founder, Chairman, and CEO of global information technology company Dell ( DELL ), bought 2,964,869 shares of company stock for $41,152,380. Dell also appears on the insider sales list below. Notable Sales: Michael Dell sold those same 2,964,869 shares that he purchased for the same price he paid, $41,152,380.
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Notable Purchases: Michael Dell, Founder, Chairman, and CEO of global information technology company Dell ( DELL ), bought 2,964,869 shares of company stock for $41,152,380. According to the footnotes of the Form 4 Dell filled with the SEC, the transaction represents shares "held in trusts for the benefit of the children of Mr. Dell and his wife." Dell also appears on the insider sales list below.
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76489f85-4539-405b-9fe4-1bbb3c87e357
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726343.0
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2013-10-22 00:00:00 UTC
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European Bourses Firm After Weak US Jobs Data Feeds Hopes Fed Will Maintain Loose Monetary Policy
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DELL
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https://www.nasdaq.com/articles/european-bourses-firm-after-weak-us-jobs-data-feeds-hopes-fed-will-maintain-loose-monetary
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nan
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nan
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European stocks were just firmer after disappointing US jobs growth fed speculation the Federal Reserve would keep monetary policy on hold for a while longer.
Nonfarm payrolls rose by 148,000 in September, below the Bloomberg estimate for 180,000. The jobless rate unexpectedly fell to 7.2% from 7.3% in August. The report was delayed due to the government shutdown. Its original release date was Oct 4.
In ADR news, ARM Holdings ( ARMH ) reported Q3 earnings of GBP 0.0511, in line with the Capital IQ consensus of GBP 0.05. Revenues were GBP 184 million, versus the analyst estimate of GBP 174.60 million. Licensing revenue in the U.S. was up 52% year over year while order backlog was up 3% quarter over quarter. For Q4, the company said it expects strong licensing revenues as its enters the quarter with a "record order backlog and a robust opportunity pipeline." The company adds that it expects group dollar revenues for Q4 to be in-line with current market expectations of about $290 million.
Transocean ( RIG ) will replace Dell ( DELL ) in the S&P 500 after the close of trading on Oct. 28.
BHP Billiton ( BHP ) raised its projection for full-year iron-ore production to 212 million tons this year, compared with its earlier forecast of 207 million tons.
The FTSE-100 was last up 0.62% at 6,695.66, the DAX up 0.9% at 8,947.46 and the CAC-40 up 0.43% at 4,295.43.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Transocean ( RIG ) will replace Dell ( DELL ) in the S&P 500 after the close of trading on Oct. 28. European stocks were just firmer after disappointing US jobs growth fed speculation the Federal Reserve would keep monetary policy on hold for a while longer. For Q4, the company said it expects strong licensing revenues as its enters the quarter with a "record order backlog and a robust opportunity pipeline."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Transocean ( RIG ) will replace Dell ( DELL ) in the S&P 500 after the close of trading on Oct. 28. Revenues were GBP 184 million, versus the analyst estimate of GBP 174.60 million.
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Transocean ( RIG ) will replace Dell ( DELL ) in the S&P 500 after the close of trading on Oct. 28. In ADR news, ARM Holdings ( ARMH ) reported Q3 earnings of GBP 0.0511, in line with the Capital IQ consensus of GBP 0.05. Revenues were GBP 184 million, versus the analyst estimate of GBP 174.60 million.
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Transocean ( RIG ) will replace Dell ( DELL ) in the S&P 500 after the close of trading on Oct. 28. European stocks were just firmer after disappointing US jobs growth fed speculation the Federal Reserve would keep monetary policy on hold for a while longer. The jobless rate unexpectedly fell to 7.2% from 7.3% in August.
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405d4f09-06e9-4f22-937a-0b483606eeb0
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726344.0
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2013-10-22 00:00:00 UTC
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CLOSING UPDATE: S&P Breaks New Record on Rally Triggered By Bearish Non-Farm Payrolls
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DELL
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https://www.nasdaq.com/articles/closing-update-sp-breaks-new-record-rally-triggered-bearish-non-farm-payrolls-2013-10-22
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nan
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nan
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Stocks rallied Tuesday, with the S&P 500 hitting another record high after a sluggish September jobs report provided the Fed with ammunition to maintain its accommodative monetary policy and delay a possible bond-buying taper until 2014. Non-farm payrolls rose by a less-than-expected 148,000, pushing the monthly average down to 143,000 new jobs. Amplified by upbeat earnings and weak energy prices, the early rally drove the Dow to a one-month high before stalling out with a smaller gain.
Here's where the markets stood at the close:
US MARKETS
Dow Jones Industrial Index was up 75, or 0.5%, at 15,467
S&P 500 was up 10, or 0.6%, at 1,754
Nasdaq Composite Index was up 9.5, or 0.2%, at 3,929
GLOBAL SENTIMENT
FTSE 100 was up 0.62%
Nikkei 225 was up 0.13%
Hang Seng Index was down 0.52%
Shanghai China Composite Index was down 0.83%
UPSIDE MOVERS:
OXBT Announced a deal to acquire certain assets of Phyxius Pharma, a privately held biopharmaceutical company, for about $4.8 million in stock.
SYMM Reported fiscal first-quarter earnings in line with analysts' estimates and said it agreed to be acquired by Microsemi Corp. ( MSCC ) for about $230 million.
RIG Transocean will replace Dell ( DELL ) on the S&P 500 index after the market close on Monday, Oct. 28.
DOWNSIDE MOVERS
FST Downgraded to Underweight from Equalweight by analysts at Morgan Stanley.
BNNY Adjusted 2014 earnings at the lower end of its range of $0.97 to $1.01 per share.
NFLX Early gains compromised after S&P downgrades the stock despite upbeat earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RIG Transocean will replace Dell ( DELL ) on the S&P 500 index after the market close on Monday, Oct. 28. Stocks rallied Tuesday, with the S&P 500 hitting another record high after a sluggish September jobs report provided the Fed with ammunition to maintain its accommodative monetary policy and delay a possible bond-buying taper until 2014. Amplified by upbeat earnings and weak energy prices, the early rally drove the Dow to a one-month high before stalling out with a smaller gain.
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RIG Transocean will replace Dell ( DELL ) on the S&P 500 index after the market close on Monday, Oct. 28. Dow Jones Industrial Index was up 75, or 0.5%, at 15,467 S&P 500 was up 10, or 0.6%, at 1,754 Nasdaq Composite Index was up 9.5, or 0.2%, at 3,929 NFLX Early gains compromised after S&P downgrades the stock despite upbeat earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RIG Transocean will replace Dell ( DELL ) on the S&P 500 index after the market close on Monday, Oct. 28. Stocks rallied Tuesday, with the S&P 500 hitting another record high after a sluggish September jobs report provided the Fed with ammunition to maintain its accommodative monetary policy and delay a possible bond-buying taper until 2014. NFLX Early gains compromised after S&P downgrades the stock despite upbeat earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RIG Transocean will replace Dell ( DELL ) on the S&P 500 index after the market close on Monday, Oct. 28. Dow Jones Industrial Index was up 75, or 0.5%, at 15,467 S&P 500 was up 10, or 0.6%, at 1,754 Nasdaq Composite Index was up 9.5, or 0.2%, at 3,929 NFLX Early gains compromised after S&P downgrades the stock despite upbeat earnings The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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32adfa58-2f7f-47ca-ac32-f8c7b0d98ccd
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726345.0
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2013-10-22 00:00:00 UTC
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Transocean to Enter S&P 500 Index - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/transocean-to-enter-sp-500-index-analyst-blog-2013-10-22
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nan
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nan
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Offshore drilling giant Transocean Ltd. ( RIG ) is set to make an entry in the S&P 500 list on Mon, Oct 28, after the market closes. The company will replace the computer giant, Dell Inc. ( DELL ).
Dell's exit from the index is an effect of its privatization move. Shareholders of the company voted in favor of the $24.9 billion privatization bid by Michael Dell, founder of the company, and Silver Lake Management at a special meeting held last month.
Switzerland-based Transocean will be included in the oil and gas drilling sub-industry of S&P 500 Global Industry Classification Standard (GICS), under the energy sector.
The company's addition to the index should prove beneficial, at least in the short term. It is because when stocks enter this largely monitored index, these are noticed by fund houses and other institutional investors. These investors make take up position on these newly added stocks, thus enhancing the stock value.
On Oct 21, the stock settled at $46.57, up 1.5% from the previous close. In after hours trading, the share price rose further to $48.44, representing an increaser of 4%.
Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. However, the introduction of new and more stringent regulations due to the oil spill has made deepwater drilling activity prohibitively expensive for exploration and production companies, making many projects marginal. Moreover, Transocean's international exposure also increases its risk quotient.
Transocean currently holds a Zacks Rank #4 (Sell), implying that it is expected to underperform the broader U.S. equity market over the next one to three months.
Meanwhile, one can consider other oil and gas drilling service providers like Ocean Rig UDW Inc. ( ORIG ) and Pioneer Energy Services Corp. ( PES ) that offer value. Both these stocks sport a Zacks Rank #1 (Strong Buy).
DELL INC (DELL): Free Stock Analysis Report
OCEAN RIG UDW (ORIG): Free Stock Analysis Report
PIONEER EGY SVC (PES): Free Stock Analysis Report
TRANSOCEAN LTD (RIG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company will replace the computer giant, Dell Inc. ( DELL ). Dell's exit from the index is an effect of its privatization move. Shareholders of the company voted in favor of the $24.9 billion privatization bid by Michael Dell, founder of the company, and Silver Lake Management at a special meeting held last month.
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DELL INC (DELL): Free Stock Analysis Report OCEAN RIG UDW (ORIG): Free Stock Analysis Report PIONEER EGY SVC (PES): Free Stock Analysis Report TRANSOCEAN LTD (RIG): Free Stock Analysis Report To read this article on Zacks.com click here. The company will replace the computer giant, Dell Inc. ( DELL ). Dell's exit from the index is an effect of its privatization move.
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Shareholders of the company voted in favor of the $24.9 billion privatization bid by Michael Dell, founder of the company, and Silver Lake Management at a special meeting held last month. DELL INC (DELL): Free Stock Analysis Report OCEAN RIG UDW (ORIG): Free Stock Analysis Report PIONEER EGY SVC (PES): Free Stock Analysis Report TRANSOCEAN LTD (RIG): Free Stock Analysis Report To read this article on Zacks.com click here. The company will replace the computer giant, Dell Inc. ( DELL ).
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The company will replace the computer giant, Dell Inc. ( DELL ). Dell's exit from the index is an effect of its privatization move. Shareholders of the company voted in favor of the $24.9 billion privatization bid by Michael Dell, founder of the company, and Silver Lake Management at a special meeting held last month.
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17a5a4d2-30ec-4004-945e-88c65b941058
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726346.0
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2013-10-22 00:00:00 UTC
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Microsoft Earnings Preview: Device And Software Launch To Take Center Stage
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DELL
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https://www.nasdaq.com/articles/microsoft-earnings-preview-device-and-software-launch-take-center-stage-2013-10-22
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nan
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nan
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Microsoft ( MSFT ) is set to announce its Q1 FY 2014 earnings on Thursday, October 24. During the quarter, the company unveiled its reorganization strategy that transforms Microsoft into a "devices and services" company. Moreover, Microsoft's CEO Steve Ballmer announced that he will retire from the company within the next year. Additionally, the company is also in the middle of closing one of the most significant transactions in its corporate history. The company paid more than $7 billion to buy Nokia's devices and services business so that it can compete with incumbents Apple and Samsung.
In this earnings report, we are on the look out for a number of key announcements including the future leadership of the company and strategy for its new launches. Additionally, we are closely following the growth areas in various division of Microsoft.
See our complete analysis of Microsoft here
Device and Software Launch Strategy To Take Center Stage
With the global PC shipments still reeling from decline in demand, Microsoft is increasingly pursuing its devices and services strategy to reduce its reliance on PCs and expand its footprint into hardware and cloud services domain. The company is set to launch a host of devices and services in the coming month. Apart from the launch of new Surface tablet and the upgrade to its flagship Windows OS this month, the company is also set to release Xbox-One in the coming month. While the company continues to search for the next CEO to replace Steve Ballmer, we expect the company to share its strategy for new launches during this earnings announcement.
Office Cloud Adoption To Gain Traction
Microsoft's biggest revenue driver is its Office productivity suite and makes up almost 40% of its stock value according to our estimates. During Q4 FY13, Microsoft's revenues from this division grew by 14% to $7.21 billion, mainly due to increasing adoption of Office 365 that clocked in over one million subscribers and a $1.5 billion annual revenue run rate. The company announced a number of steps such as free Office 365 access to students to ensure that it continues to dominate the industry. We believe that these steps will augur well for the company and help it in maintaining its market share in the future. Currently, we estimate that the company has close to 93% share in productivity market. In the upcoming earnings announcement, we expect Microsoft to report increase in revenue run rate for Office 365 as its clients adopt the feature-rich, cloud-based Office software.
Focus On Cloud Services To Bolster Server Division
Microsoft's windows server division is the second largest business unit making up over 20% of its total value. This division has been the fastest growing division and witnessed 8% growth in Q4 FY13, driven by higher SQL server sales and adoption of cloud based Azure platform. We believe that the Azure platform will be a key growth driver for Microsoft going forward as companies around the world are looking to lower costs by adopting cloud based services. Additionally, many Microsoft customers depend on SQL servers for mission critical and business intelligence needs, specifically in the big data analytics domain.
The company announced the next versions of Windows server and system center that will strengthen its services on Cloud OS. We believe that these servers, with cloud capability, will continue to outpace the growth server market. Therefore, we expect the server division to report good growth in revenues in this quarter as well.
PC Sales To Affect Windows OS Sales
Windows Operating System ( OS ) is Microsoft's third largest division and makes up around 15% of its stock value by our estimates. This division continues to report decline in revenues due to decline in global PC shipments. According to IDC, global PC shipments continue to decline and the market shrank by 8% in Q3 2013. Although, Microsoft is set to launch Windows 8.1 this month, we believe that decline in PC shipment will continue to affect Windows OS revenues in this quarter as well, and the company to report decline in sales.
Online Service Division (OSD)
The online services division, which includes Bing search, MSN and aQuantive, contributes 4% to Microsoft's value according to our estimates. This division continues to negatively impact Microsoft's overall profitability as operating losses mount. However, this division did report some encouraging signs in Q4 as online advertising revenue grew 11% due to growth in search revenues from Bing. We expect this trend to continue, and the company to report growth in search revenues in this quarter as well. Additionally, we forecast Bing'sglobal marketshare to increase steadily throughout our forecast period.
We currently have $41 price estimate for Microsoft , which is approximately 15% above the current market price.
Click Here To Understand What Drives A Stock At Trefis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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See our complete analysis of Microsoft here Device and Software Launch Strategy To Take Center Stage With the global PC shipments still reeling from decline in demand, Microsoft is increasingly pursuing its devices and services strategy to reduce its reliance on PCs and expand its footprint into hardware and cloud services domain. We believe that the Azure platform will be a key growth driver for Microsoft going forward as companies around the world are looking to lower costs by adopting cloud based services. Additionally, many Microsoft customers depend on SQL servers for mission critical and business intelligence needs, specifically in the big data analytics domain.
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In the upcoming earnings announcement, we expect Microsoft to report increase in revenue run rate for Office 365 as its clients adopt the feature-rich, cloud-based Office software. PC Sales To Affect Windows OS Sales Windows Operating System ( OS ) is Microsoft's third largest division and makes up around 15% of its stock value by our estimates. Although, Microsoft is set to launch Windows 8.1 this month, we believe that decline in PC shipment will continue to affect Windows OS revenues in this quarter as well, and the company to report decline in sales.
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See our complete analysis of Microsoft here Device and Software Launch Strategy To Take Center Stage With the global PC shipments still reeling from decline in demand, Microsoft is increasingly pursuing its devices and services strategy to reduce its reliance on PCs and expand its footprint into hardware and cloud services domain. Focus On Cloud Services To Bolster Server Division Microsoft's windows server division is the second largest business unit making up over 20% of its total value. Although, Microsoft is set to launch Windows 8.1 this month, we believe that decline in PC shipment will continue to affect Windows OS revenues in this quarter as well, and the company to report decline in sales.
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While the company continues to search for the next CEO to replace Steve Ballmer, we expect the company to share its strategy for new launches during this earnings announcement. Currently, we estimate that the company has close to 93% share in productivity market. Therefore, we expect the server division to report good growth in revenues in this quarter as well.
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e75b423e-3adc-448d-bcf4-3f6b849705ee
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726347.0
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2013-10-21 00:00:00 UTC
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In 2013, the Tablet Takes All: iPad Minis, Small Androids, Likely Holiday Favorites
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DELL
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https://www.nasdaq.com/articles/2013-tablet-takes-all-ipad-minis-small-androids-likely-holiday-favorites-2013-10-21
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nan
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nan
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Back in April, the information technology research and advisory firm Gartner forecast that PC sales would decline 7.3% this year. In a new report released this morning, however, the firm adjusted that estimation to a decline of 11.2% in PCs shipped in 2013 versus 2012.
Meanwhile, the rapidly growing tablet market, led by operating systems iOS ( AAPL ) and Android ( GOOG ), is expected to grow by 42.7% compared to 2012. Granted, the total volume of PC units expected to ship is still 303 million units, and only 184 million tablets will go out. With those rates of change, the order will likely shift soon in favor of iPads and Nexus devices over desktops and laptops.
One of the things offsetting the PC's rapid decline is the success of ultramobile devices, or lightweight laptops and portable devices that run Dell ( DELL ) desktop operating systems; the leading example is Microsoft's ( MSFT ) Surface Pro. Even with this category added, sales of PCs and ultramobile devices together will fall 8.4% this year. Today's report from Gartner notes that tablets will likely outship both desktop PCs and ultramobiles by the year 2017.
As far as growth within the tablet market in concerned, Apple's premium iPad is having its market share leeched by smaller and cheaper tablets which continue to improve in quality, like Amazon's ( AMZN ) Kindle Fire or Google's Nexus line of tablets. The 7-inch offerings from both companies, as well as iPad mini, are increasing in popularity, according to Gartner.
As Carolina Milanesi, Research Vice President at Gartner, said in a statement, "Continuing on the trend we saw last year, we expect this holiday season to be all about smaller tablets as even the long-term holiday favorite - the smartphone - loses its appeal."
Mobile is still by far the biggest segment of the consumer tech market: This year, Gartner expects sales to come in at over 1.8 billion units. And, when you put all devices together -- including mobile, tablet, PC, and wearable (yes, this may be another sector that will soon start to grow rapidly) -- worldwide sales are expected to be over 2.3 billion in 2013. Moreover, a full 38% of those devices are Android-running machines, with Windows in second with 14% and Apple in third with 12%. In 2014, Gartner expects Android to grow the most, with a 2014 global market share of 45% compared to 15% for Windows and 14% for Apple. Meanwhile, BlackBerry (BBRY) will drop from 1% this year to 0.8% in 2014.
Follow me on Twitter: @JoshWolonick and @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One of the things offsetting the PC's rapid decline is the success of ultramobile devices, or lightweight laptops and portable devices that run Dell ( DELL ) desktop operating systems; the leading example is Microsoft's ( MSFT ) Surface Pro. Back in April, the information technology research and advisory firm Gartner forecast that PC sales would decline 7.3% this year. Mobile is still by far the biggest segment of the consumer tech market: This year, Gartner expects sales to come in at over 1.8 billion units.
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One of the things offsetting the PC's rapid decline is the success of ultramobile devices, or lightweight laptops and portable devices that run Dell ( DELL ) desktop operating systems; the leading example is Microsoft's ( MSFT ) Surface Pro. Meanwhile, the rapidly growing tablet market, led by operating systems iOS ( AAPL ) and Android ( GOOG ), is expected to grow by 42.7% compared to 2012. Granted, the total volume of PC units expected to ship is still 303 million units, and only 184 million tablets will go out.
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One of the things offsetting the PC's rapid decline is the success of ultramobile devices, or lightweight laptops and portable devices that run Dell ( DELL ) desktop operating systems; the leading example is Microsoft's ( MSFT ) Surface Pro. As far as growth within the tablet market in concerned, Apple's premium iPad is having its market share leeched by smaller and cheaper tablets which continue to improve in quality, like Amazon's ( AMZN ) Kindle Fire or Google's Nexus line of tablets. And, when you put all devices together -- including mobile, tablet, PC, and wearable (yes, this may be another sector that will soon start to grow rapidly) -- worldwide sales are expected to be over 2.3 billion in 2013.
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One of the things offsetting the PC's rapid decline is the success of ultramobile devices, or lightweight laptops and portable devices that run Dell ( DELL ) desktop operating systems; the leading example is Microsoft's ( MSFT ) Surface Pro. In a new report released this morning, however, the firm adjusted that estimation to a decline of 11.2% in PCs shipped in 2013 versus 2012. Mobile is still by far the biggest segment of the consumer tech market: This year, Gartner expects sales to come in at over 1.8 billion units.
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b9a17c43-0cd9-436c-ba42-fc19cbf3d239
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726348.0
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2013-10-17 00:00:00 UTC
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H-P Unveils Mobile Thin Client Solution - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-unveils-mobile-thin-client-solution-analyst-blog-2013-10-17
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nan
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nan
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After introducing the 't820 Flexible Series Thin Client' solution two months back, Hewlett-Packard Co. ( HPQ ) or H-P has now unveiled a new HP mt41 Mobile thin client. The offering provides enhanced performance and secure connectivity.
The latest portable thin client solution provides secure access to data while on the move.
The new thin client solution features a 14-inch diagonal LED-backlit high-definition display, a Windows Embedded Standard (WES) 7E operating system, WWAN 3G/4G LTE capabilities, a USB port, a dual-core AMD processor and TPM chipset.
Priced at $649 to $900, the HP mt41 mobile thin client will be available globally in November.
The demand for cloud-based services has encouraged the growth of mobile clients. According to IDC, mobile thin client shipments will touch approximately 5.6 million in 2013, up 7% year-over-year. Shipments are forecast to reach 9.2 million units globally by 2017. As bring your own device (BYOD) gains popularity, these devices should see growth.
Apart from this, H-P also recently unveiled the first HP Chromebook14, driven by an Intel processor based on the Haswell microarchitecture. The new offering will provide faster web access and is equipped with a large display and optional 4G for enhanced connectivity.
H-P has been trying hard to shift its focus from its PC-centric business to the high-margin server, storage and cloud computing space. The back-to-back launches of a new BPO (business process outsourcing) solution, a host of desktop printers, two media players and the Moonshot server in the past few months indicate that H-P's plans are well on track.
However, increasing competition from companies like Dell Inc. ( DELL ), IBM Corp. ( IBM ) and Oracle Corp. ( ORCL ) coupled with continuing macroeconomic challenges and tepid IT spending will pose challenges, going forward.
Currently, H-P has a Zacks Rank #3 (Hold).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, increasing competition from companies like Dell Inc. ( DELL ), IBM Corp. ( IBM ) and Oracle Corp. ( ORCL ) coupled with continuing macroeconomic challenges and tepid IT spending will pose challenges, going forward. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. The new thin client solution features a 14-inch diagonal LED-backlit high-definition display, a Windows Embedded Standard (WES) 7E operating system, WWAN 3G/4G LTE capabilities, a USB port, a dual-core AMD processor and TPM chipset.
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However, increasing competition from companies like Dell Inc. ( DELL ), IBM Corp. ( IBM ) and Oracle Corp. ( ORCL ) coupled with continuing macroeconomic challenges and tepid IT spending will pose challenges, going forward. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. After introducing the 't820 Flexible Series Thin Client' solution two months back, Hewlett-Packard Co. ( HPQ ) or H-P has now unveiled a new HP mt41 Mobile thin client.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. However, increasing competition from companies like Dell Inc. ( DELL ), IBM Corp. ( IBM ) and Oracle Corp. ( ORCL ) coupled with continuing macroeconomic challenges and tepid IT spending will pose challenges, going forward. After introducing the 't820 Flexible Series Thin Client' solution two months back, Hewlett-Packard Co. ( HPQ ) or H-P has now unveiled a new HP mt41 Mobile thin client.
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However, increasing competition from companies like Dell Inc. ( DELL ), IBM Corp. ( IBM ) and Oracle Corp. ( ORCL ) coupled with continuing macroeconomic challenges and tepid IT spending will pose challenges, going forward. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. After introducing the 't820 Flexible Series Thin Client' solution two months back, Hewlett-Packard Co. ( HPQ ) or H-P has now unveiled a new HP mt41 Mobile thin client.
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1297ef46-fbe9-4e5c-995b-be3343577250
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726349.0
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2013-10-16 00:00:00 UTC
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Yacktman Fund Buys Coca-Cola, PepsiCo, , Exxon Mobil, Sells Cisco Systems Inc, Hewlett-Packard Co
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DELL
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https://www.nasdaq.com/articles/yacktman-fund-buys-coca-cola-pepsico-exxon-mobil-sells-cisco-systems-inc-hewlett-packard
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Yacktman Fund just released its third quarter portfolio. The fund is run by the legendary fund manager Don Yacktman and his son Steve. Yacktman Fund has gained 11.6% a year over the past 10 years, bettering the S&P 500 by 4% a year.
If you want to learn more about Don Yacktman invests, read the series of interviews GuruFocus has done with him:
Investing Great Donald Yacktman Answers GuruFocus Readers' Questions
Yacktman Managers Interview: Answers to Fund Management, Portfolio and Investment Strategy Questions
One of key concept Don Yacktman uses in his investment is "Forward Rate of Return". You can learn more from those interviews. Also Rate Of Return And Don Yacktman's Top 15 Holdings.
Yacktman Fund buys Coca-Cola Co, PepsiCo Inc, Oracle Corporation, Exxon Mobil Corporation, Dell Inc, sells News Corporation, Cisco Systems Inc, Hewlett-Packard Co, Microsoft Corporation, Viacom, Inc., Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, . As of 09/30/2013, owns 45 stocks with a total value of $9.9 billion. These are the details of the buys and sells.
Added Positions: KO, PEP, ORCL, XOM, DELL,
Reduced Positions: NWSA, CSCO, HPQ, MSFT, VIAB, TBBK,
For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund
This is the sector weightings of his portfolio:
These are the top 5 holdings of Yacktman Fund
1. PepsiCo Inc ( PEP ) - 11,550,000 shares, 9.2% of the total portfolio. Shares added by 25.54%
2. Procter & Gamble Co ( PG ) - 10,050,000 shares, 7.7% of the total portfolio.
3. Coca-Cola Co ( KO ) - 16,000,000 shares, 6.1% of the total portfolio. Shares added by 49.53%
4. Cisco Systems Inc ( CSCO ) - 21,912,000 shares, 5.2% of the total portfolio. Shares reduced by 5.96%
Added: Coca-Cola Co ( KO )
Yacktman Fund added to his holdings in Coca-Cola Co by 49.53%. His purchase prices were between $37.9 and $41.09, with an estimated average price of $39.54. The impact to his portfolio due to this purchase was 2.02%. His holdings were 16,000,000 shares as of 09/30/2013. Coca-cola Co has a market cap of $166.95 billion; its shares were traded at around $37.66 with a P/E ratio of 19.90 and P/S ratio of 3.60. The dividend yield of Coca-cola Co stocks is 2.91%. Coca-cola Co had an annual average earnings growth of 9.60% over the past 10 years. GuruFocus rated Coca-cola Co the business predictability rank of 5-star.
Added: PepsiCo Inc ( PEP )
Yacktman Fund added to his holdings in PepsiCo Inc by 25.54%. His purchase prices were between $79.06 and $86.8, with an estimated average price of $82.22. The impact to his portfolio due to this purchase was 1.87%. His holdings were 11,550,000 shares as of 09/30/2013. Pepsico Inc has a market cap of $124.3 billion; its shares were traded at around $80.60 with a P/E ratio of 19.10 and P/S ratio of 1.91. The dividend yield of Pepsico Inc stocks is 2.74%. Pepsico Inc had an annual average earnings growth of 9.50% over the past 10 years. GuruFocus rated Pepsico Inc the business predictability rank of 5-star.
Added: Oracle Corporation ( ORCL )
Yacktman Fund added to his holdings in Oracle Corporation by 46.78%. His purchase prices were between $30.1 and $34.05, with an estimated average price of $32.47. The impact to his portfolio due to this purchase was 1.12%. His holdings were 10,428,500 shares as of 09/30/2013. Oracle Corporation has a market cap of $149.26 billion; its shares were traded at around $32.75 with a P/E ratio of 14.10 and P/S ratio of 4.19. The dividend yield of Oracle Corporation stocks is 0.92%. Oracle Corporation had an annual average earnings growth of 19.90% over the past 10 years. GuruFocus rated Oracle Corporationthe business predictability rank of 5-star.
Added: Exxon Mobil Corporation ( XOM )
Yacktman Fund added to his holdings in Exxon Mobil Corporation by 26.92%. His purchase prices were between $86.42 and $95.2, with an estimated average price of $90.22. The impact to his portfolio due to this purchase was 0.62%. His holdings were 3,300,000 shares as of 09/30/2013. Exxon Mobil Corporation has a market cap of $382.02 billion; its shares were traded at around $86.79 with a P/E ratio of 10.90 and P/S ratio of 0.88. The dividend yield of Exxon Mobil Corporation stocks is 2.77%. Exxon Mobil Corporation had an annual average earnings growth of 7.00% over the past 10 years.
Added: Dell Inc ( DELL )
Yacktman Fund added to his holdings in Dell Inc by 44.04%. His purchase prices were between $12.66 and $13.88, with an estimated average price of $13.54. The impact to his portfolio due to this purchase was 0.4%. His holdings were 9,272,000 shares as of 09/30/2013. Dell Inc has a market cap of $24.33 billion; its shares were traded at around $13.83 with a P/E ratio of 18.20 and P/S ratio of 0.43. The dividend yield of Dell Inc stocks is 2.31%. Dell Inc had an annual average earnings growth of 5.20% over the past 10 years. GuruFocus rated Dell Inc the business predictability rank of 3-star.
Reduced: News Corporation (NWSA)
Yacktman Fund reduced to his holdings in News Corporation by 82.53%. His sale prices were between $14.67 and $17.105, with an estimated average price of $15.99. The impact to his portfolio due to this sale was -9.24%. Yacktman Fund still held 5,547,000 shares as of 09/30/2013. News Corporation has a market cap of $9.6 billion; its shares were traded at around $16.58 with and P/S ratio of 1.08.
Reduced: Hewlett-Packard Co ( HPQ )
Yacktman Fund reduced to his holdings in Hewlett-Packard Co by 32.99%. His sale prices were between $21.17 and $27.3, with an estimated average price of $24.36. The impact to his portfolio due to this sale was -0.36%. Yacktman Fund still held 2,878,000 shares as of 09/30/2013. Hewlett-packard Co has a market cap of $43.8 billion; its shares were traded at around $22.79 with and P/S ratio of 0.39. The dividend yield of Hewlett-packard Co stocks is 2.43%.
Reduced: Cisco Systems Inc ( CSCO )
Yacktman Fund reduced to his holdings in Cisco Systems Inc by 5.96%. His sale prices were between $23.31 and $26.377, with an estimated average price of $24.86. The impact to his portfolio due to this sale was -0.36%. Yacktman Fund still held 21,912,000 shares as of 09/30/2013. Cisco Systems Inc has a market cap of $124.81 billion; its shares were traded at around $23.18 with a P/E ratio of 12.60 and P/S ratio of 2.57. The dividend yield of Cisco Systems Inc stocks is 2.80%. Cisco Systems Inc had an annual average earnings growth of 8.40% over the past 10 years. GuruFocus rated Cisco Systems Inc the business predictability rank of 3.5-star.
Reduced: Microsoft Corporation (MSFT)
Yacktman Fund reduced to his holdings in Microsoft Corporation by 5.22%. His sale prices were between $31.152 and $36.27, with an estimated average price of $32.87. The impact to his portfolio due to this sale was -0.31%. Yacktman Fund still held 15,350,000 shares as of 09/30/2013. Microsoft Corporation has a market cap of $288.36 billion; its shares were traded at around $34.49 with a P/E ratio of 13.40 and P/S ratio of 3.75. The dividend yield of Microsoft Corporation stocks is 2.67%. Microsoft Corporation had an annual average earnings growth of 14.40% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 3-star.
Reduced: Viacom, Inc. (VIAB)
Yacktman Fund reduced to his holdings in Viacom, Inc. by 5.4%. His sale prices were between $67.54 and $84.42, with an estimated average price of $77.45. The impact to his portfolio due to this sale was -0.2%. Yacktman Fund still held 4,730,000 shares as of 09/30/2013. Viacom, Inc. has a market cap of $39.37 billion; its shares were traded at around $82.55 with a P/E ratio of 18.60 and P/S ratio of 3.09. The dividend yield of Viacom, Inc. stocks is 1.39%. Viacom, Inc. had an annual average earnings growth of 26.80% over the past 10 years.
Reduced: Bancorp, Inc. (TBBK)
Yacktman Fund reduced to his holdings in Bancorp, Inc. by 91.28%. His sale prices were between $14.83 and $18.26, with an estimated average price of $16.2. The impact to his portfolio due to this sale was -0.11%. Yacktman Fund still held 66,288 shares as of 09/30/2013. Bancorp, Inc. has a market cap of $688.599 million; its shares were traded at around $18.43 with a P/E ratio of 30.00 and P/S ratio of 4.15.
Here is the complete portfolio of Yacktman Fund. Also check out:
1. Yacktman Fund's Undervalued Stocks
2. Yacktman Fund's Top Growth Companies, and
3. Yacktman Fund's High Yield stocks
4. Stocks that Yacktman Fund keeps buyingAbout GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Added Positions: KO, PEP, ORCL, XOM, DELL, Reduced Positions: NWSA, CSCO, HPQ, MSFT, VIAB, TBBK, For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund 1. Yacktman Fund buys Coca-Cola Co, PepsiCo Inc, Oracle Corporation, Exxon Mobil Corporation, Dell Inc, sells News Corporation, Cisco Systems Inc, Hewlett-Packard Co, Microsoft Corporation, Viacom, Inc., Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, . Added: Dell Inc ( DELL ) Yacktman Fund added to his holdings in Dell Inc by 44.04%.
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Yacktman Fund buys Coca-Cola Co, PepsiCo Inc, Oracle Corporation, Exxon Mobil Corporation, Dell Inc, sells News Corporation, Cisco Systems Inc, Hewlett-Packard Co, Microsoft Corporation, Viacom, Inc., Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, . Added Positions: KO, PEP, ORCL, XOM, DELL, Reduced Positions: NWSA, CSCO, HPQ, MSFT, VIAB, TBBK, For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund 1. Added: Dell Inc ( DELL ) Yacktman Fund added to his holdings in Dell Inc by 44.04%.
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Yacktman Fund buys Coca-Cola Co, PepsiCo Inc, Oracle Corporation, Exxon Mobil Corporation, Dell Inc, sells News Corporation, Cisco Systems Inc, Hewlett-Packard Co, Microsoft Corporation, Viacom, Inc., Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, . Added Positions: KO, PEP, ORCL, XOM, DELL, Reduced Positions: NWSA, CSCO, HPQ, MSFT, VIAB, TBBK, For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund 1. Added: Dell Inc ( DELL ) Yacktman Fund added to his holdings in Dell Inc by 44.04%.
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Yacktman Fund buys Coca-Cola Co, PepsiCo Inc, Oracle Corporation, Exxon Mobil Corporation, Dell Inc, sells News Corporation, Cisco Systems Inc, Hewlett-Packard Co, Microsoft Corporation, Viacom, Inc., Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, . Added Positions: KO, PEP, ORCL, XOM, DELL, Reduced Positions: NWSA, CSCO, HPQ, MSFT, VIAB, TBBK, For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund 1. Added: Dell Inc ( DELL ) Yacktman Fund added to his holdings in Dell Inc by 44.04%.
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bc1a9a8d-e29f-4606-a68a-1642e655cb59
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726350.0
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2013-10-15 00:00:00 UTC
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Donald Yacktman Gets New Top Holding, Buys More Dell in Q3
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DELL
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https://www.nasdaq.com/articles/donald-yacktman-gets-new-top-holding-buys-more-dell-q3-2013-10-15
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In the rapidly rising market of the second quarter, Donald Yacktman bought only one new stock, Oracle ( ORCL ). In the third quarter, he found no new investment ideas, but reported a new top holding in 21st Century Fox Corp. ( FOXA ), the spin-off company of his former top holding, News Corp. ( NWS ). The Yacktman Focused Fund and Yacktman Fund managers also bought more shares of the hotly contested Dell ( DELL ), which seven fellow guru investors sold out of and two - Carl Icahn and Paul Singer - increased their positions in by more than 2,000%.
At Sept. 30, 2013, Austin, Texas-based Yacktman Asset Management LP had $12.6 billion in assets under management. They describe their investment approach as:
"Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Yacktman believes this approach combines the best features of "growth" and "value" investing. When they purchase stocks they generally search for companies they believe to possess one or more of the following three attributes: (1) good business; (2) shareholder-oriented management; or (3) low purchase price."
21 st Century Fox ( FOXA )
In the third quarter, Yacktman Asset Management reported owning 31.4 million shares of Twenty-First Century Fox Inc. Class-A shares, which compose 10.6% of their long portfolio. The shares came from the June 28 separation of News Corp. into two independent, publicly traded companies. News Corp changed its name to 21 st Century Fox and created a new News Corp, and shareholders received one share of the new News Corporation Class-A or Class-B stock for every four shares of the old News Corp - or 21 st Century Fox - they held.
While the Yacktman Fund held 31.75 million shares of News Corp in the second quarter, that was reduced to 5,547,000 shares of the new News Corp in the third quarter.
Yacktman commented on the holdings in his second quarter letter:
"News Corp. and Viacom were also strong contributors to the results during the quarter. At the end of June, News Corp. completed its spin-off. As a result, we now own shares in both 21st Century Fox ("Fox"), which owns an attractive collection of cable, broadcast, film and cable and satellite properties around the world and in News Corp. (retaining the old name), which largely consists of newspapers, book publishing and a collection of Australian assets.
By far our larger investment going forward is in the Fox shares, which we think will be one of the fastest growing media companies. Fox is extremely well positioned for growth, especially internationally, and in the next few months will launch Fox Sports 1, a national sports network which we think could be a significant new growth opportunity domestically."
Dell ( DELL )
The Yacktman Fund's holding of Dell Inc. increased by 2,835,000 shares in the third quarter, the first new addition since it was established in the fourth quarter of 2012. At the end of the third quarter the position stood at 9,272,000 shares, or 1.3% of the portfolio. This makes the fund one of the smaller players to enter the fray since founder Michael Dell issued a bid to take the company private. Fellow gurus Carl Icahn and Mason Hawkins' Southeastern Asset Management are top one and two institutional shareholders with 8.7% and 4%, respectively, of shares outstanding.
Yacktman commented in his shareholder letter:
"Dell's shares fell modestly as the stock had been trading above the Dell Management takeover price and no new bidders appeared. We think the proposed management buyout is unattractive and are voting against it. Recently, we went on record supporting Carl Icahn and Southeastern Asset Management's proposal to replace the board and offer a tender to shareholders who wish to sell.
Management at Dell has done a poor job at both business execution and capital allocation. It is sad that having frustrated investors with overpriced acquisitions, ill-timed share repurchase, poor corporate strategy and an accounting scandal that led to a settlement with the SEC, management jumped in to purchase the entire company, with the stock not far from a recent low. We believe other outside proposals would be of much greater benefit to shareholders. We recommend others reject the acquisition proposal and support the Icahn/Southeastern proposal."
Eventually, on Sept. 12, Michael Dell was successful in buying out the company in partnership with global technology investment firm Silver Lake for $25 billion after shareholders voted in their favor at a special meeting. Shareholders of Dell will receive $13.75 in cash for each of their Dell shares, in addition to a cash dividend of $0.13 per share.
Yacktman's fourth quarter 2012 average price was $9.78, giving him a modest profit on the holding. In addition, because the holding does not meet the 5% threshold for mid-quarter reporting to the SEC, it is unknown whether he disposed of any shares after the Icahn/Southeastern proposal did not pan out.
Yacktman also made sizable additions to his stake in PepsiCo Inc. ( PEP ) (up 25.54%), Coke ( KO ) (up 49.53%) and Oracle Corp. ( ORCL ) (up 46.78%) during the third quarter.
For more Donald Yacktman stocks, go to his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Donald Yacktman.
Not a Premium Member of GuruFocus? Try it for free for 7 days here! About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eventually, on Sept. 12, Michael Dell was successful in buying out the company in partnership with global technology investment firm Silver Lake for $25 billion after shareholders voted in their favor at a special meeting. The Yacktman Focused Fund and Yacktman Fund managers also bought more shares of the hotly contested Dell ( DELL ), which seven fellow guru investors sold out of and two - Carl Icahn and Paul Singer - increased their positions in by more than 2,000%. Dell ( DELL ) The Yacktman Fund's holding of Dell Inc. increased by 2,835,000 shares in the third quarter, the first new addition since it was established in the fourth quarter of 2012.
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The Yacktman Focused Fund and Yacktman Fund managers also bought more shares of the hotly contested Dell ( DELL ), which seven fellow guru investors sold out of and two - Carl Icahn and Paul Singer - increased their positions in by more than 2,000%. Dell ( DELL ) The Yacktman Fund's holding of Dell Inc. increased by 2,835,000 shares in the third quarter, the first new addition since it was established in the fourth quarter of 2012. This makes the fund one of the smaller players to enter the fray since founder Michael Dell issued a bid to take the company private.
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Dell ( DELL ) The Yacktman Fund's holding of Dell Inc. increased by 2,835,000 shares in the third quarter, the first new addition since it was established in the fourth quarter of 2012. The Yacktman Focused Fund and Yacktman Fund managers also bought more shares of the hotly contested Dell ( DELL ), which seven fellow guru investors sold out of and two - Carl Icahn and Paul Singer - increased their positions in by more than 2,000%. This makes the fund one of the smaller players to enter the fray since founder Michael Dell issued a bid to take the company private.
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Dell ( DELL ) The Yacktman Fund's holding of Dell Inc. increased by 2,835,000 shares in the third quarter, the first new addition since it was established in the fourth quarter of 2012. The Yacktman Focused Fund and Yacktman Fund managers also bought more shares of the hotly contested Dell ( DELL ), which seven fellow guru investors sold out of and two - Carl Icahn and Paul Singer - increased their positions in by more than 2,000%. This makes the fund one of the smaller players to enter the fray since founder Michael Dell issued a bid to take the company private.
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171ee5b9-3881-4b99-8bb9-e1c5071e259b
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726351.0
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2013-10-10 00:00:00 UTC
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After Hours Most Active for Oct 10, 2013 : QQQ, MU, BAC, INTC, SWY, DELL, GPS, NWSA, WFC, MPEL, JPM, CX
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-oct-10-2013-qqq-mu-bac-intc-swy-dell-gps-nwsa-wfc-mpel-jpm-cx-2013
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The NASDAQ 100 After Hours Indicator is down -4.41 to 3,206.43. The total After hours volume is currently 29,034,742 shares traded.
The following are the most active stocks for the after hours session :
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.23 at $78.38, with 3,236,004 shares traded. This represents a 27.84% increase from its 52 Week Low.
Micron Technology, Inc. ( MU ) is -0.28 at $18.15, with 2,915,155 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2013. The consensus EPS forecast is $0.43. RTT News Reports: Micron Technology Posts Q4 Profit - Quick Facts
Bank of America Corporation ( BAC ) is unchanged at $14.23, with 1,210,330 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.29. BAC is scheduled to provide an earnings report on 10/16/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 0.18 per share, which represents a percent increase over the EPS one Year Ago
Intel Corporation ( INTC ) is -0.51 at $22.59, with 1,198,257 shares traded.INTC is scheduled to provide an earnings report on 10/15/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 0.53 per share, which represents a 60 percent increase over the EPS one Year Ago
Safeway Inc. ( SWY ) is +1.84 at $33.41, with 1,051,195 shares traded. RTT News Reports: Safeway Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts
Dell Inc. ( DELL ) is -0.005 at $13.83, with 1,024,952 shares traded. DELL's current last sale is 100.95% of the target price of $13.7.
Gap, Inc. (The) ( GPS ) is -1.93 at $37.75, with 947,444 shares traded. GPS's current last sale is 82.07% of the target price of $46.
News Corporation ( NWSA ) is unchanged at $16.22, with 840,088 shares traded. NWSA's current last sale is 90.36% of the target price of $17.95.
Wells Fargo & Company ( WFC ) is -0.01 at $41.43, with 591,652 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.97. WFC is scheduled to provide an earnings report on 10/11/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 0.97 per share, which represents a 88 percent increase over the EPS one Year Ago
Melco Crown Entertainment Limited ( MPEL ) is +0.05 at $32.70, with 588,862 shares traded. As reported by Zacks, the current mean recommendation for MPEL is in the "buy range".
J P Morgan Chase & Co ( JPM ) is -0.18 at $52.34, with 445,675 shares traded.JPM is scheduled to provide an earnings report on 10/11/2013, for the fiscal quarter ending Sep2013. The consensus earnings per share forecast is 1.28 per share, which represents a 140 percent increase over the EPS one Year Ago
Cemex S.A.B. de C.V. ( CX ) is +0.0001 at $10.90, with 428,490 shares traded. As reported by Zacks, the current mean recommendation for CX is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RTT News Reports: Safeway Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts Dell Inc. ( DELL ) is -0.005 at $13.83, with 1,024,952 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. RTT News Reports: Micron Technology Posts Q4 Profit - Quick Facts Bank of America Corporation ( BAC ) is unchanged at $14.23, with 1,210,330 shares traded.
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RTT News Reports: Safeway Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts Dell Inc. ( DELL ) is -0.005 at $13.83, with 1,024,952 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. RTT News Reports: Micron Technology Posts Q4 Profit - Quick Facts Bank of America Corporation ( BAC ) is unchanged at $14.23, with 1,210,330 shares traded.
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RTT News Reports: Safeway Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts Dell Inc. ( DELL ) is -0.005 at $13.83, with 1,024,952 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. The consensus earnings per share forecast is 0.18 per share, which represents a percent increase over the EPS one Year Ago Intel Corporation ( INTC ) is -0.51 at $22.59, with 1,198,257 shares traded.INTC is scheduled to provide an earnings report on 10/15/2013, for the fiscal quarter ending Sep2013.
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RTT News Reports: Safeway Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts Dell Inc. ( DELL ) is -0.005 at $13.83, with 1,024,952 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. The NASDAQ 100 After Hours Indicator is down -4.41 to 3,206.43.
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f8216200-98f3-46ee-8122-e6e5364c5a21
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726352.0
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2013-10-10 00:00:00 UTC
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IBM Earnings Preview: Services Revenues To Grow In Q3 On Better Order Backlog
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DELL
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https://www.nasdaq.com/articles/ibm-earnings-preview-services-revenues-grow-q3-better-order-backlog-2013-10-10
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nan
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nan
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International Business Machines ( IBM ) is set to announce its Q3 earnings on October 16. In Q2, IBM reported a 3% y-o-y decline in revenues to $24.9 billion, negatively impacted by cross currency headwinds. Its global technology services ( GTS ) and global business services (GBS) divisions reported mid-single digit declines in revenues. However, the software business saw growth in Q2 and posted mid-single digit gains primarily on 9% y-o-y growth in middleware revenues.
In its 2015 roadmap, the company stressed that it was focused on emerging growth economies, big data analytics and cloud computing services. While IBM reported a lackluster performance from growth economies in Q2, its new initiatives in business analytics, smarter planet and cloud delivered strong growth. We expect IBM will continue to report revenue growth in these new business initiatives. Moreover, we expect that software revenues will continue to grow during the quarter on strong demand for key branded middleware and adoption of IBM's software cloud services. Additionally, we expect GTS and GBS to report growth in revenues due to an improvement in order backlog.
See our full analysis on IBM
Middleware To Report Growth
The middleware division and the operating systems division are the biggest contributors to IBM's stock value, together making up nearly 55% of our estimate. During Q2, the software division (middleware and operating systems combined) reported 4% y-o-y growth in revenues to $6.4 billion. This growth primarily came on 9% y-o-y growth in key branded middleware revenues. The company reported growth in all sub-brands of its software business. We expect this trend to continue in Q3 as well. The Middleware and Operating System divisions are important for our valuation of IBM as they have the highest EBITDA margins of almost 47%. We expect IBM will continue to report high margins for these divisions during the quarter.
Backlog To Bolster Services Revenues
The Global Technology Services ( GTS ) and Global Business Services (GBS) divisions contribute over 35% to IBM's stock value according to our estimates. While both these divisions reported revenue declines in Q2, we expect their revenues to grow this quarter mainly due to an improvement in order backlog.
IBM reported backlog growth for both its transactional and outsourcing businesses in Q2. The total backlog grew by 3% to $141 billion which indicated that IBM's clients signed new contracts or renewed old contracts with the company. We expect GTS and GBS to report higher revenues from backlog in this earnings announcemnt. Additionally, we expect the backlog to continue to improve in Q3, which should add more stability and growth to its services revenues in the coming quarters. Moreover, IBM's foray in high growth and high value businesses such as business analytics, Smarter Planet and cloud computing will help bolster GBS' revenues for the quarter.
Server Division Revenues To Remain Tepid
According to IDC, the worldwide server market revenues declined by 6% in Q2 2013 due to lower demand. Additionally, IBM's market share in servers declined from 29.1% in Q2CY12 to 27.9% in Q2CY13. We expect the decline to continue in Q3 as well and IBM to report lower revenues for the server division.
However, its high end System-Z server witnessed double digit growth in revenues in Q2, and we expect this to continue in Q3. System-Z demand is on the rise as IBM's clients continue to demand mainframes with high processing power and big data analytics capability. Therefore, we expect that the high demand for System-Z will offset soft demand for its System-X and Power system servers. We are closely watching IBM's revenue from System-Z servers as it is an important driver for our revenue forecast of the server division.
We currently have a $234 Trefis price estimate for IBM which is about 25% higher than the current market price.
Understand How a Company's Products Impact its Stock Price at Trefis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In Q2, IBM reported a 3% y-o-y decline in revenues to $24.9 billion, negatively impacted by cross currency headwinds. In its 2015 roadmap, the company stressed that it was focused on emerging growth economies, big data analytics and cloud computing services. Additionally, we expect the backlog to continue to improve in Q3, which should add more stability and growth to its services revenues in the coming quarters.
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Its global technology services ( GTS ) and global business services (GBS) divisions reported mid-single digit declines in revenues. Moreover, we expect that software revenues will continue to grow during the quarter on strong demand for key branded middleware and adoption of IBM's software cloud services. Backlog To Bolster Services Revenues The Global Technology Services ( GTS ) and Global Business Services (GBS) divisions contribute over 35% to IBM's stock value according to our estimates.
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We expect IBM will continue to report revenue growth in these new business initiatives. See our full analysis on IBM Middleware To Report Growth The middleware division and the operating systems division are the biggest contributors to IBM's stock value, together making up nearly 55% of our estimate. Backlog To Bolster Services Revenues The Global Technology Services ( GTS ) and Global Business Services (GBS) divisions contribute over 35% to IBM's stock value according to our estimates.
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We expect IBM will continue to report revenue growth in these new business initiatives. Moreover, we expect that software revenues will continue to grow during the quarter on strong demand for key branded middleware and adoption of IBM's software cloud services. We expect the decline to continue in Q3 as well and IBM to report lower revenues for the server division.
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5c1f1d41-3613-4270-b2be-e1113a7d85aa
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726353.0
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2013-10-09 00:00:00 UTC
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Icahn Buys 61.5 Million Shares of Talisman Energy
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DELL
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https://www.nasdaq.com/articles/icahn-buys-615-million-shares-talisman-energy-2013-10-09
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nan
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nan
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Yesterday activist investor Carl Icahn reported a large buy into Talisman Energy ( TLM ) , as reported by GuruFocus Real Time Picks . The always vocal investor picked up a total of 61,554,602 shares of the company's stock. Icahn announced on Monday via Twitter that he had built up a nearly 6% stake in Talisman Energy, representing an approximately $300 million investment.
The tweet featured below reports that bought approximately 61 million shares and that meetings with the company's management could be in the near future.
According to the SEC report, Icahn began to purchase these shares on Sept. 25 and since then has built up a 5.97% stake in the company.
Talisman Energy is a Canadian-based oil and gas producing company. Its primary businesses are exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids.
Talisman Energy's historical revenue and net income:
Icahn has had a busy year thus far. The guru lost the fight for Dell ( DELL ) to the computer company's CEO Michael Dell, and even more recently Icahn announced his new position in Apple ( AAPL ) and his pursuit to get CEO Tim Cook to award a $150 billion buyback. Icahn has also seen great success in Netflix and has become one of the largest shareholders of Herbalife.
According to Forbes, Icahn has bought into a company with a market cap "under $15 billion, with falling revenues and earnings, and a decently sized $5.2 billion debt load."
The company has been struggling as of late and could use Icahn's influence and direction. President and CEO Hal Kvisle has made several noble attempts at financially restructuring the company, but so far they have not really made any noticeable positive impact towards the company.
So far in his attempts, Kvisle has sold down Talisman's interests in oil and gas plays in Canada as well as in the North Sea. This generated $3 billion which then went to help the company's capital spending habit, and has ultimately outstripped the company's free cash flow from operations. Kvisle has also attempted to spend more carefully by focusing on projects with faster cycle times.
Christopher Helman of Forbes reports that the problem with his strategies thus far is that "turning a big company around takes time, but investors are impatient," and they get even more impatient when the company's earnings are not up to par.
The CEO told the Globe & Mail: "I have two objectives here: One is to revamp the company, to reset the strategy, to adjust the cost structure, to get everything going in the right direction. The second objective I have is to assist in getting a new CEO in place. Then I'm out."
The analysis on Talisman reports that the company's revenue has been in decline, its dividend yield is at a one-year low, it's had an operating loss over the past three years and its P/E ratio is at a 10-year high.
Talisman Energy has a market cap of $12.7 billion. Its shares are currently trading at around $12.27 with a P/E ratio of 95.30, a P/S ratio of 2.00 and a P/B ratio of 1.30. The company's dividend yield is currently at 2.20%. Talisman had an annual average earnings growth of 0.8% over the past ten years.
Check out all of Carl Icahn's real time picks here.
Try a free 7-day premium membership. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The guru lost the fight for Dell ( DELL ) to the computer company's CEO Michael Dell, and even more recently Icahn announced his new position in Apple ( AAPL ) and his pursuit to get CEO Tim Cook to award a $150 billion buyback. Icahn announced on Monday via Twitter that he had built up a nearly 6% stake in Talisman Energy, representing an approximately $300 million investment. The CEO told the Globe & Mail: "I have two objectives here: One is to revamp the company, to reset the strategy, to adjust the cost structure, to get everything going in the right direction.
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The guru lost the fight for Dell ( DELL ) to the computer company's CEO Michael Dell, and even more recently Icahn announced his new position in Apple ( AAPL ) and his pursuit to get CEO Tim Cook to award a $150 billion buyback. Yesterday activist investor Carl Icahn reported a large buy into Talisman Energy ( TLM ) , as reported by GuruFocus Real Time Picks . According to Forbes, Icahn has bought into a company with a market cap "under $15 billion, with falling revenues and earnings, and a decently sized $5.2 billion debt load."
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The guru lost the fight for Dell ( DELL ) to the computer company's CEO Michael Dell, and even more recently Icahn announced his new position in Apple ( AAPL ) and his pursuit to get CEO Tim Cook to award a $150 billion buyback. Yesterday activist investor Carl Icahn reported a large buy into Talisman Energy ( TLM ) , as reported by GuruFocus Real Time Picks . Christopher Helman of Forbes reports that the problem with his strategies thus far is that "turning a big company around takes time, but investors are impatient," and they get even more impatient when the company's earnings are not up to par.
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The guru lost the fight for Dell ( DELL ) to the computer company's CEO Michael Dell, and even more recently Icahn announced his new position in Apple ( AAPL ) and his pursuit to get CEO Tim Cook to award a $150 billion buyback. Icahn announced on Monday via Twitter that he had built up a nearly 6% stake in Talisman Energy, representing an approximately $300 million investment. The analysis on Talisman reports that the company's revenue has been in decline, its dividend yield is at a one-year low, it's had an operating loss over the past three years and its P/E ratio is at a 10-year high.
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068ddab4-5202-4c24-8866-d5239d41516f
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726354.0
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2013-10-08 00:00:00 UTC
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After Hours Most Active for Oct 8, 2013 : ALU, POM, AA, QQQ, YUM, BRCD, MU, V, DELL, RRD, BAC, FB
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-oct-8-2013-alu-pom-aa-qqq-yum-brcd-mu-v-dell-rrd-bac-fb-2013-10-08
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .74 to 3,154.61. The total After hours volume is currently 27,940,196 shares traded.
The following are the most active stocks for the after hours session :
Alcatel Lucent ( ALU ) is +0.02 at $3.51, with 3,861,157 shares traded. ALU's current last sale is 187.2% of the target price of $1.875.
PEPCO Holdings, Inc. ( POM ) is unchanged at $18.34, with 2,046,493 shares traded. POM's current last sale is 91.7% of the target price of $20.
Alcoa Inc. ( AA ) is +0.13 at $8.07, with 1,988,421 shares traded. RTT News Reports: Alcoa Swings To Profit, Tops Estimates - Quick Facts
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.07 at $77.29, with 1,479,512 shares traded. This represents a 26.06% increase from its 52 Week Low.
Yum! Brands, Inc. ( YUM ) is -4.56 at $67.11, with 1,421,268 shares traded. RTT News Reports: Uneasy Sentiment Prevails On Wall Street
Brocade Communications Systems, Inc. ( BRCD ) is -0.0037 at $8.09, with 1,169,085 shares traded. BRCD's current last sale is 101.08% of the target price of $8.
Micron Technology, Inc. ( MU ) is unchanged at $17.93, with 1,162,639 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2013. The consensus EPS forecast is $0.42. MU is scheduled to provide an earnings report on 10/10/2013, for the fiscal quarter ending Aug2013. The consensus earnings per share forecast is 0.23 per share, which represents a -24 percent increase over the EPS one Year Ago
Visa Inc. ( V ) is -0.4 at $182.13, with 818,162 shares traded. As reported by Zacks, the current mean recommendation for V is in the "buy range".
Dell Inc. ( DELL ) is unchanged at $13.83, with 797,280 shares traded. DELL's current last sale is 100.95% of the target price of $13.7.
R.R. Donnelley & Sons Company ( RRD ) is -0.0032 at $15.85, with 765,319 shares traded. As reported in the last short interest update the days to cover for RRD is 10.36322; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.08 at $13.77, with 639,711 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.29. BAC's current last sale is 94.97% of the target price of $14.5.
Facebook, Inc. ( FB ) is -0.09 at $47.05, with 597,844 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.17. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is unchanged at $13.83, with 797,280 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. The following are the most active stocks for the after hours session : Alcatel Lucent ( ALU ) is +0.02 at $3.51, with 3,861,157 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.83, with 797,280 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. The total After hours volume is currently 27,940,196 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.83, with 797,280 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. Brands, Inc. ( YUM ) is -4.56 at $67.11, with 1,421,268 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.83, with 797,280 shares traded. DELL's current last sale is 100.95% of the target price of $13.7. The NASDAQ 100 After Hours Indicator is up .74 to 3,154.61.
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7a63a782-b264-4a2a-b0d9-ea05d3601a8f
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726355.0
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2013-09-26 00:00:00 UTC
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Dell Inc. (DELL) Ex-Dividend Date Scheduled for September 27, 2013
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DELL
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https://www.nasdaq.com/articles/dell-inc-dell-ex-dividend-date-scheduled-september-27-2013-2013-09-26
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nan
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nan
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Dell Inc. ( DELL ) will begin trading ex-dividend on September 27, 2013. A cash dividend payment of $0.08 per share is scheduled to be paid on October 22, 2013. Shareholders who purchased DELL stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that DELL has paid the same dividend. At the current stock price of $13.86, the dividend yield is 2.31%.
The previous trading day's last sale of DELL was $13.86, representing a -5.33% decrease from the 52 week high of $14.64 and a 59.49% increase over the 52 week low of $8.69.
DELL is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and International Business Machines Corporation ( IBM ). DELL's current earnings per share, an indicator of a company's profitability, is $.76. Zacks Investment Research reports DELL's forecasted earnings growth in 2014 as -44.1%, compared to an industry average of -27.6%.
For more information on the declaration, record and payment dates, visit the DELL Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DELL through an Exchange Traded Fund [ETF]?
The following ETF(s) have DELL as a top-10 holding:
IQ Merger Arbitrage ETF ( MNA )
streetTRACKS Morgan Stanley Technology Index Fund ( MTK ).
The top-performing ETF of this group is MTK with an increase of 11.52% over the last 100 days. MNA has the highest percent weighting of DELL at 6.26%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DELL stock prior to the ex-dividend date are eligible for the cash dividend payment. DELL is a part of the Technology sector, which includes companies such as Apple Inc. ( AAPL ) and International Business Machines Corporation ( IBM ). Zacks Investment Research reports DELL's forecasted earnings growth in 2014 as -44.1%, compared to an industry average of -27.6%.
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DELL's current earnings per share, an indicator of a company's profitability, is $.76. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dell Inc. ( DELL ) will begin trading ex-dividend on September 27, 2013.
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Dell Inc. ( DELL ) will begin trading ex-dividend on September 27, 2013. Shareholders who purchased DELL stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DELL as a top-10 holding: IQ Merger Arbitrage ETF ( MNA ) streetTRACKS Morgan Stanley Technology Index Fund ( MTK ).
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Shareholders who purchased DELL stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DELL as a top-10 holding: IQ Merger Arbitrage ETF ( MNA ) streetTRACKS Morgan Stanley Technology Index Fund ( MTK ). Dell Inc. ( DELL ) will begin trading ex-dividend on September 27, 2013.
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c47067a8-6c99-4fff-8f73-d92471968249
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726356.0
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2013-09-24 00:00:00 UTC
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After Hours Most Active for Sep 24, 2013 : GM, MSFT, VOD, DELL, NIHD, F, BAC, YHOO, CBS, EMC, CVC, INTC
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-sep-24-2013-gm-msft-vod-dell-nihd-f-bac-yhoo-cbs-emc-cvc-intc-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.2 to 3,218.46. The total After hours volume is currently 34,617,669 shares traded.
The following are the most active stocks for the after hours session :
General Motors Company ( GM ) is -0.02 at $37.42, with 4,332,939 shares traded. As reported in the last short interest update the days to cover for GM is 7.494908; this calculation is based on the average trading volume of the stock.
Microsoft Corporation ( MSFT ) is -0.0065 at $32.45, with 3,566,297 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.7. MSFT's current last sale is 90.15% of the target price of $36.
Vodafone Group Plc ( VOD ) is +0.07 at $34.50, with 3,231,467 shares traded. RTT News Reports: European Markets Declined On Economic Data
Dell Inc. ( DELL ) is unchanged at $13.88, with 2,738,714 shares traded. DELL's current last sale is 101.31% of the target price of $13.7.
NII Holdings, Inc. ( NIHD ) is +0.0012 at $6.18, with 1,916,872 shares traded. As reported in the last short interest update the days to cover for NIHD is 18.026248; this calculation is based on the average trading volume of the stock.
Ford Motor Company ( F ) is +0.04 at $17.30, with 1,910,594 shares traded. F's current last sale is 86.5% of the target price of $20.
Bank of America Corporation ( BAC ) is +0.02 at $14.11, with 1,379,225 shares traded. BAC's current last sale is 99.02% of the target price of $14.25.
Yahoo! Inc. ( YHOO ) is unchanged at $31.27, with 1,268,894 shares traded., following a 52-week high recorded in today's regular session.
CBS Corporation ( CBS ) is +0.1121 at $56.18, with 1,167,736 shares traded. As reported by Zacks, the current mean recommendation for CBS is in the "buy range".
EMC Corporation ( EMC ) is +0.0798 at $25.98, with 1,129,211 shares traded. As reported by Zacks, the current mean recommendation for EMC is in the "buy range".
Cablevision Systems Corporation ( CVC ) is unchanged at $17.18, with 1,006,053 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.11. As reported in the last short interest update the days to cover for CVC is 7.268385; this calculation is based on the average trading volume of the stock.
Intel Corporation ( INTC ) is -0.0197 at $23.69, with 839,493 shares traded. As reported in the last short interest update the days to cover for INTC is 7.209683; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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RTT News Reports: European Markets Declined On Economic Data Dell Inc. ( DELL ) is unchanged at $13.88, with 2,738,714 shares traded. DELL's current last sale is 101.31% of the target price of $13.7. As reported in the last short interest update the days to cover for GM is 7.494908; this calculation is based on the average trading volume of the stock.
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RTT News Reports: European Markets Declined On Economic Data Dell Inc. ( DELL ) is unchanged at $13.88, with 2,738,714 shares traded. DELL's current last sale is 101.31% of the target price of $13.7. As reported in the last short interest update the days to cover for GM is 7.494908; this calculation is based on the average trading volume of the stock.
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RTT News Reports: European Markets Declined On Economic Data Dell Inc. ( DELL ) is unchanged at $13.88, with 2,738,714 shares traded. DELL's current last sale is 101.31% of the target price of $13.7. As reported in the last short interest update the days to cover for NIHD is 18.026248; this calculation is based on the average trading volume of the stock.
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RTT News Reports: European Markets Declined On Economic Data Dell Inc. ( DELL ) is unchanged at $13.88, with 2,738,714 shares traded. DELL's current last sale is 101.31% of the target price of $13.7. The following are the most active stocks for the after hours session : General Motors Company ( GM ) is -0.02 at $37.42, with 4,332,939 shares traded.
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8b0f744f-6a9f-4e68-9ded-505f432d9eda
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726357.0
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2013-09-20 00:00:00 UTC
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SanDisk Enhances iNAND Flash Drive - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/sandisk-enhances-inand-flash-drive-analyst-blog-2013-09-20
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nan
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nan
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SanDisk ( SNDK ) has introduced an enhanced version of iNAND Extreme flash drive, which is compatible with Intel 's ( INTC ) new Atom Z3000 processors, also known as 'Bay Trail' for tablets. The new iNAND Extreme's 128GB storage space and high read/write speed will complement Atom Z3000's performance.
The iNAND device enables faster application loading, speedy data synchronization in the cloud and higher streaming capabilities for an enhanced user experience. Apart from the tablets, it can also be used for smartphones and other mobile computing devices.
Moreover, Intel's Atom processors have received positive response from tablet makers. Reportedly, companies like Asus, Dell ( DELL ), Hewlett-Packard ( HPQ ), Lenovo, LG and Toshiba are developing devices based on the Atom Z3000 architecture.
Thus, it is a prudent decision for SanDisk to produce 'Bay Trail'-compatible storage devices and gain from the current surge in demand for tablets. According to Gartner, tablet shipments are expected to grow 67.9% in 2013 to 202 million. Another research firm, Strategy Analytics, expects tablet shipments to be 180 million in 2013.
We believe that the synergies with Intel's Atom processors and its greater adoption rate will provide greater stability to SanDisk's revenue stream. We are also positive about SanDisk's focus on mobile-embedded products (as several new smartphones and tablets, Ultrabooks and other end-client PCs running on SSDs are slated for launch).
SanDisk expects its SSD segment to grow to around 35% of its sales by 2016. The company also expects total SSD contribution to be 25.0% of total revenue in 2014.
However, lackluster PC sales, European issues, stiff competition from Western Digital Corp. and Seagate Technology plc (in the SSD segment) and currency fluctuations are concerns in the near term.
Currently, SanDisk carries a Zacks Rank #3 (Hold).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
SANDISK CORP (SNDK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Reportedly, companies like Asus, Dell ( DELL ), Hewlett-Packard ( HPQ ), Lenovo, LG and Toshiba are developing devices based on the Atom Z3000 architecture. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. SanDisk ( SNDK ) has introduced an enhanced version of iNAND Extreme flash drive, which is compatible with Intel 's ( INTC ) new Atom Z3000 processors, also known as 'Bay Trail' for tablets.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. Reportedly, companies like Asus, Dell ( DELL ), Hewlett-Packard ( HPQ ), Lenovo, LG and Toshiba are developing devices based on the Atom Z3000 architecture. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. Reportedly, companies like Asus, Dell ( DELL ), Hewlett-Packard ( HPQ ), Lenovo, LG and Toshiba are developing devices based on the Atom Z3000 architecture. SanDisk ( SNDK ) has introduced an enhanced version of iNAND Extreme flash drive, which is compatible with Intel 's ( INTC ) new Atom Z3000 processors, also known as 'Bay Trail' for tablets.
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Reportedly, companies like Asus, Dell ( DELL ), Hewlett-Packard ( HPQ ), Lenovo, LG and Toshiba are developing devices based on the Atom Z3000 architecture. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. SanDisk ( SNDK ) has introduced an enhanced version of iNAND Extreme flash drive, which is compatible with Intel 's ( INTC ) new Atom Z3000 processors, also known as 'Bay Trail' for tablets.
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1d2224bc-ce52-4c12-b34a-4f2d5a9cc4a7
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726358.0
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2013-09-19 00:00:00 UTC
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PC Shipments to Decline in 2013 (revised) - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/pc-shipments-to-decline-in-2013-revised-analyst-blog-2013-09-19
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nan
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nan
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PC vendors are in for a tough time ahead as the latest IDC report revealed that PC shipments are expected to decline 9.7% in 2013. The current annual projection worsened from the research firm's earlier forecasts of a 1.3% drop (projected in March) and a 7.8% decrease (forecasted in May) for 2013, primarily due to the continued shift in consumer preferences toward mobile devices.
What's worse, IDC traces the slump to softness in emerging markets, which has for some time supported growth. PC shipments in emerging markets are expected to be down 9.8% in 2013, steeper than the 9.4% year-over-year decline in mature markets.
China appears to be the main reason for the lowered forecast, due to continued shift in customer preferences toward tablets and smartphones. IDC says that some inventory has accumulated in the channel.
Despite these mundane and disappointing 2013 projections, IDC expects the rate of decline to moderate and a slow rebound in PC shipments after 2014 aided by system refreshes and businesses opting for system migrations beyond Windows 7. However, the lack of new and enhanced applications could pose challenges.
The PC market is already in the doldrums as the second-quarter PC shipments were down 11.7% from the year-ago period. The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. On a geographic basis, PC shipments were down across the U.S., the EMEA and the Asia/Pacific.
We believe that the emergence and rapid adoption of handheld computing devices from Apple ( AAPL ), Samsung and other Asian companies are cannibalizing PC sales and this trend may be expected to continue. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Related markets, such as security are also feeling the pinch.
We believe that the ability to migrate to mobile platforms and/or data centers may be the only possible solution for these players.
Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
(We are republishing this article to correct an error. We earlier had erroneously stated that Symantec (SYMC) was exiting the PC market, which is inaccurate. The original article, published Sept. 4, 2013, is no longer to be relied upon.)
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell).
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell).
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
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f0d24f56-fc6b-41a7-afa7-5535920f2a65
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726359.0
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2013-09-16 00:00:00 UTC
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Technology Stock Roundup: Of AAPL iPhones and MSFT Music - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/technology-stock-roundup-aapl-iphones-and-msft-music-analyst-blog-2013-09-16
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nan
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nan
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Last week, Apple ( AAPL ) launched its new iPhones, while Microsoft ( MSFT ) took its Xbox Music to rival devices.
Apple Doesn't Need a New iPhone
The long-awaited new iPhones launched last week, sending Apple shares crashing. This is not the first time that an iPhone launch negatively impacted share prices. In fact, as Dan Gallagher of marketwatch.com pointed out, share prices have declined after the announcement in three of the preceding five years. But let's see what's different this time round.
First, the smartphone market in developed countries is getting saturated and Apple is having a hard time attracting new buyers. Second, the iPhone is a premium product in a difficult economic backdrop with many competing products and it will get increasingly difficult to get carriers to subsidize. Third, Apple's marketing efforts leave a lot to be desired.
On the other hand, these factors have created the perfect background for underdog branding, a concept that was very effectively used by Avis ( CAR ) to take its market share from 11% to 35% back in the 1960s. Avis used the slogan "We're number two, so we try harder." Today, "Avis" is a premium brand, and the company's value services are sold under the "Budget" brand.
The problem with Apple is it is pulling down its own brand. Today, first-time smartphone users have many options and Apple needs to tell them very loudly "Why Apple - Why iPhone?" Instead it is saying "We also do plastics." It's true that a phone is a commodity item and price erosion and progressively stiffer competition should be expected. But it's also true that you can't succeed by apologizing for who you are, or worse, if you increasingly don't know who you are any more.
Microsoft Will Share Its Music
Microsoft has announced that Xbox Music is now available across operating systems, devices and through free streaming on the Web. First launched roughly a year ago, Xbox Music is an all-in-one service, combining subscription streaming Spotify-style, Web radio Pandora ( P )-style and individual track purchases iTunes-style. The new Xbox Music apps that make the expansion possible are now available for download from the Apple App Store and Google ( GOOG ) Play Store.
The app allows saving of favorites and playlists across devices and will soon be able to create custom playlists, artist-based radio stations, offline listening and download-to-own. Additionally, Xbox One users will for the first time be able to listen to music while playing games.
The expansion is a big deal for the music service, since Microsoft has less than a 4% share of the mobile device market, which is where all the action is. With the expansion, Xbox Music gets an entry into the rest of the market. Music consumption patterns have changed radically over the last few years and Microsoft's service is now catching up.
Whether it catches on or not is a different story and its devices strategy will likely play an important role. We already have the Google ecosystem and the Apple ecosystem and it's good to see Microsoft taking action to create the Microsoft ecosystem. There's a humongous amount of work to be done, of course, but the fact that Microsoft is showing some direction is encouraging.
Intel Everywhere
At the Intel Developers Conference (IDF) held last week, Intel ( INTC ) displayed yet again how it remains the technology leader. It said that 22nm chips were already shipping and 14nm would ship by year-end. It also remains on track for further shrinks over the next few years (in keeping with the tick-tock strategy).
The resultant decline in costs means better margins for Intel, while the increased computing power and energy efficiency means better functionality for customers. Intel is now getting inside not just PCs, notebooks and ultrabooks, but also tablets and chromebooks. It is working closely with both Google and Microsoft and this year will see a huge volume and variety of Intel-powered devices run by competing operating systems. In short, Intel plans to be everywhere.
On that note, the company president Renee James described the evolution of computing through three stages - task-based, lifestyle-based and integrated computing. As the names suggest, Intel was the leader in the task-based or desktop computing phase and successfully defended its market for years. It was so successful in fact that it was almost complacent, nearly missing the current phase that is to do with lifestyle (computing where you want it).
But there are indications that this phase will give way to the next, when everything in the world (medical devices, home appliances, industrial automation, wearable computing, etc) will be connected and intelligent. And Intel promises to play a leading role in that evolution.
Other stories you may have missed-
Twitter goes public
Dell goes private : Dell ( DELL ) shareholders voted in favor of Michael Dell's privatization plan (to close in 3Q14) and will be rewarded with $13.75 a share plus a 13 cent dividend. The process became easier after activist investor Carl Icahn withdrew from the fight.
Molex (MOLX) to beacquired
Hewlett Packard (HPQ) launches new Chromebook
Yahoo (YHOO) launches Screen App : Yahoo launched a video controlling app called Yahoo Screen for iOS; channel swiping and episode switching have never been easier. It simultaneously entered into an agreement with Viacom to offer clips from popular Comedy Central shows through the app. Comedy works, especially in small doses, and especially when the device on which you're watching is hand-held. Yahoo hasn't said if and when the app will be available for Google's Android.
Cisco (CSCO) Acquires Whiptail : Cisco forked out $415 million to acquire solid-state virtual-memory system maker Whiptail. Cisco will integrate the technology to improve the speed and efficiency of its Unified Computing System (UCS), which bundles servers, storage and networking products for data centers. Getting serious about SSD storage for the enterprise is a first for Cisco, but the acquisition is timely and represents a multi-billion dollar opportunity.
Western Digital (WDC) buysVirident
Yahoo Users (And Shares) Jump : CEO Marissa Mayer said that Yahoo's user base (ex-Tumblr) has grown 20% since she took over in July last year. Comscore recently said that monthly active users of Yahoo properties surpassed Google's, so this doesn't come as much of a surprise. But the CEO warned that the turnaround plan (i.e. the impact on revenue) involves three years of patience. In the meantime, investors may be able to cash in on the Alibaba IPO.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
APPLE INC (AAPL): Free Stock Analysis Report
AVIS BUDGET GRP (CAR): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
MOLEX INC (MOLX): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
PANDORA MEDIA (P): Free Stock Analysis Report
WESTERN DIGITAL (WDC): Free Stock Analysis Report
YAHOO! INC (YHOO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stories you may have missed- Twitter goes public Dell goes private : Dell ( DELL ) shareholders voted in favor of Michael Dell's privatization plan (to close in 3Q14) and will be rewarded with $13.75 a share plus a 13 cent dividend. Click to get this free report >> APPLE INC (AAPL): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MOLEX INC (MOLX): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report WESTERN DIGITAL (WDC): Free Stock Analysis Report YAHOO! On the other hand, these factors have created the perfect background for underdog branding, a concept that was very effectively used by Avis ( CAR ) to take its market share from 11% to 35% back in the 1960s.
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Click to get this free report >> APPLE INC (AAPL): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MOLEX INC (MOLX): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report WESTERN DIGITAL (WDC): Free Stock Analysis Report YAHOO! Other stories you may have missed- Twitter goes public Dell goes private : Dell ( DELL ) shareholders voted in favor of Michael Dell's privatization plan (to close in 3Q14) and will be rewarded with $13.75 a share plus a 13 cent dividend. Last week, Apple ( AAPL ) launched its new iPhones, while Microsoft ( MSFT ) took its Xbox Music to rival devices.
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Click to get this free report >> APPLE INC (AAPL): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MOLEX INC (MOLX): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report WESTERN DIGITAL (WDC): Free Stock Analysis Report YAHOO! Other stories you may have missed- Twitter goes public Dell goes private : Dell ( DELL ) shareholders voted in favor of Michael Dell's privatization plan (to close in 3Q14) and will be rewarded with $13.75 a share plus a 13 cent dividend. Microsoft Will Share Its Music Microsoft has announced that Xbox Music is now available across operating systems, devices and through free streaming on the Web.
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Other stories you may have missed- Twitter goes public Dell goes private : Dell ( DELL ) shareholders voted in favor of Michael Dell's privatization plan (to close in 3Q14) and will be rewarded with $13.75 a share plus a 13 cent dividend. Click to get this free report >> APPLE INC (AAPL): Free Stock Analysis Report AVIS BUDGET GRP (CAR): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MOLEX INC (MOLX): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report WESTERN DIGITAL (WDC): Free Stock Analysis Report YAHOO! Last week, Apple ( AAPL ) launched its new iPhones, while Microsoft ( MSFT ) took its Xbox Music to rival devices.
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e03d8476-215c-41c9-b115-3002cf1ecddb
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726360.0
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2013-09-13 00:00:00 UTC
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Mason Hawkins' Busy Week
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DELL
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https://www.nasdaq.com/articles/mason-hawkins-busy-week-2013-09-13
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nan
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nan
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On Sept. 10, Hawkins reported two real time transactions to the SEC. The guru also reported a reduction in his holdings in Dell on Sept. 12. These real time picks represent purchases/sales of a stock in which a guru owns greater than a 5% stake. Hawkins bought into News Corp, cut his position in Quicksilver Resources in half and made a 10% decrease in Dell after giving up the battle to keep the company from going private.
News Corp (NWS)
Mason Hawkins made his first buy into News Corp over the past week. The guru made an initial buy of 23,767,700 shares of the company's stock at an average price of $16.49 per share. The price is now trading up about 1% to $16.71 per share. The transaction is valued at about $396 million. This purchase noted a 1.96% impact on his portfolio. Hawkins' new holding represents a near 12% voting stake in News Corp.
Hawkins' Southeastern Asset Management is now the largest holding behind the company's chairman Rupert Murdoch who owns 39% of the company's stocks. According to the SEC filing, Hawkins has no plans to influence News Corp.
News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises leading businesses across a range of media, including: news and information services, book publishing, digital education and pay-TV distribution in Australia.
News Corp's historical revenue and net income:
News Corp was recently split into two different operating segments: News Corp. and 21 st Century Fox.
News Corp's historical pricing:
The company also recently announced that it would be selling the Dow Jones Local Media Group, which is a group of 33 local newspapers. The company will be selling these papers to Newcastle Investment Corp.
News Corp has a market cap of $6.34 billion. Its shares are currently trading at around $16.73 with a P/S ratio of 0.70. The company currently holds no debt.
Quicksilver Resources (KWK)
Over the past week Mason Hawkins cut over half of his holdings in Quicksilver Resources. The guru sold a total of 13,448,080 shares of Quicksilver, representing a -58.68% decrease in his position. Hawkins sold these shares at an average price of $1.76 per share. Since then the price has increased about 1% to $1.77 per share.
Hawkins still maintains 9,470,612 shares of Quicksilver Resources, representing about 5.3% of the company's shares outstanding.
Hawkins' holding history as of the second quarter:
Quicksilver Resources is a Fort Worth-based natural gas and oil exploration company focused on long-lived properties located onshore in North America. The company is one of North America's leaders in the development and production of unconventional resources, including coal bed methane and shale gas.
Quicksilver's historical revenue and net income:
On Sept. 3, the company closed on their sale of their Montana Asset to Synergy Offshore LLC.
Quicksilver Resources has a market cap of $312.4 million. Its shares are currently trading at around $1.77 with a P/S ratio of 0.50.
Dell ( DELL )
About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell from going private. The two gurus argued that the company was being seriously undervalued by its CEO, Michael Dell.
On Sept. 12, Hawkins reduced his position in Dell -9.37%. The guru sold 6,669,776 shares of Dell at $13.85 per share.
During the second quarter Hawkins sold over 50 million shares to Icahn. Hawkins has been decreasing his position in Dell since 2012Q3. Hawkins' holding history as of the second quarter:
Dell offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs. The company has been struggling to keep up with the transition from the PC to tablets and smart phones.
Dell's historical revenue and net income:
Yesterday, Dell shareholders approved Michael Dell's $24.9 billion buyout of the company. As the company goes private, Dell says that it will invest in additional acquisitions and stick with its PC business.
The Peter Lynch Chart suggests that the company is currently overvalued :
Dell has a market cap of $24.35 billion. Its shares are currently trading at around $13.85 with a P/E ratio of 18.20, a P/S ratio of 0.40 and a P/B ratio of 2.30. The company had an annual average earnings growth of 5.4% over the past 10 years.
GuruFocus rated Dell the business predictability rank of 3-star.
You can check out more of Mason Hawkins'real time picksand hissecond quarter portfoliohere.
Try a free 7-day premium membership here. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hawkins bought into News Corp, cut his position in Quicksilver Resources in half and made a 10% decrease in Dell after giving up the battle to keep the company from going private. The guru also reported a reduction in his holdings in Dell on Sept. 12. Dell ( DELL ) About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell from going private.
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Hawkins bought into News Corp, cut his position in Quicksilver Resources in half and made a 10% decrease in Dell after giving up the battle to keep the company from going private. The guru also reported a reduction in his holdings in Dell on Sept. 12. Dell ( DELL ) About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell from going private.
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Hawkins bought into News Corp, cut his position in Quicksilver Resources in half and made a 10% decrease in Dell after giving up the battle to keep the company from going private. The guru also reported a reduction in his holdings in Dell on Sept. 12. Dell ( DELL ) About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell from going private.
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Dell's historical revenue and net income: Yesterday, Dell shareholders approved Michael Dell's $24.9 billion buyout of the company. The guru also reported a reduction in his holdings in Dell on Sept. 12. Hawkins bought into News Corp, cut his position in Quicksilver Resources in half and made a 10% decrease in Dell after giving up the battle to keep the company from going private.
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2c46bafc-b9cb-4e09-bc42-23f09cd8d0a3
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726361.0
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2013-09-13 00:00:00 UTC
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Guru Real Time Transactions Highlight
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DELL
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https://www.nasdaq.com/articles/guru-real-time-transactions-highlight-2013-09-13
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nan
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nan
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The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios . "Real Time Picks" reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. We saw notable real time activity from Mario Gabelli , Edward Lampert and Mason Hawkins .
Mario Gabelli
Gabelli upped his stake in Superior Industries International ( SUP ) over the past week. The guru increased his position 7.75% by purchasing 157,409 shares. Gabelli bought these shares at $18.20 per share, and since then the price per share has increased about 3%.
Gabelli now holds on to 2,187,898 shares of SUP, representing 7.98% of the company's shares outstanding.
Gabelli's holding history as of the second quarter:
Superior Industries International is engaged in the design and manufacture of aluminum road wheels for sale to OEMs. It is a supplier of cast and forged aluminum wheels to the automobile and light truck manufacturers.
Superior's historical revenue and net income:
Superior Industries International has a market cap of $506.3 million. Its shares are currently trading at around $18.46 with a P/E ratio of 17.40 and a P/S ratio of 0.60. The company also offers a dividend yield of 4.30%.
Mason Hawkins
Hawkins made three real time transactions over the past week. The guru bought one new company and reduced his holdings in two other companies.
About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell ( DELL ) from going private. The two gurus argued that the company was being seriously undervalued by its CEO, Michael Dell. On Sept. 12, Hawkins reduced his position in Dell 9.37%. The guru sold 6,669,776 shares of Dell at $13.85 per share.
During the second quarter Hawkins sold over 50 million shares to Icahn. Hawkins has been decreasing his position in Dell since third quarter 2012. Hawkins' holding history as of the second quarter:
Dell's historical revenue and net income:
Over the past week Mason Hawkins cut over half of his holdings in Quicksilver Resources ( KWK ) . The guru sold a total of 13,448,080 shares of Quicksilver, representing a 58.68% decrease in his position. Hawkins sold these shares at an average price of $1.76 per share.
Hawkins still maintains 9,470,612 shares of Quicksilver Resources, representing about 5.3% of the company's shares outstanding.
Hawkins' holding history as of the second quarter:
Quicksilver Resources is a Fort Worth-based natural gas and oil exploration company focused on long-lived properties located onshore in North America.
Quicksilver's historical revenue and net income:
Quicksilver Resources has a market cap of $312.4 million. Its shares are currently trading at around $1.77 with a P/S ratio of 0.50.
Mason Hawkins made his first buy into News Corporation ( NWS ) over the past week. The guru made an initial buy of 23,767,700 shares of the company's stock at an average price of $16.49 per share. The price is now trading up about 1% to $16.71 per share. The transaction is valued at about $396 million. This purchase noted a 1.96% impact on his portfolio. Hawkins' new holding represents a near 12% voting stake in News Corporation.
Hawkins' Southeastern Asset Management is now the largest holding behind the company's chairman Rupert Murdoch who owns 39% of the company's stocks. According to the SEC Filing Hawkins has no plans to influence News Corp.
The company comprises leading businesses across a range of media, including: news and information services, book publishing, digital education and pay-TV distribution in Australia.
News Corp's historical revenue and net income:
News Corp. has a market cap of $6.34 billion. Its shares are currently trading at around $16.73 with a P/S ratio of 0.70. The company currently holds no debt.
Edward Lampert
Edward Lampert made an additional reduction in AutoNation ( AN ) over the past week. This reduction is forth sell the guru has made since the close of the second quarter.
On Sept. 9, Lampert reduced his position -6.37% by selling 1,883,027 shares of the company's stock. Lampert sold these at $51.45 per share, and since then the price per share has increased about 3%. Lampert now holds on to a total of 27,693,377 shares, maintaining his status as largest shareholder and holding on to 22.82% of the company's shares outstanding.
Lampert's holding history as of the second quarter:
AutoNation Inc., through its subsidiaries, is an automotive retailer in the U.S.
AutoNation's historical revenue and net income:
AutoNation has a market cap of $6.49 billion. Its shares are currently trading at around $53.47 with a P/E ratio of 19.50, a P/S ratio of 0.40 and a P/B ratio of 3.30.
Check out the most current GuruFocus Real Time Picks here.
Try a free 7-day Premium Membership trial. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell ( DELL ) from going private. The two gurus argued that the company was being seriously undervalued by its CEO, Michael Dell. On Sept. 12, Hawkins reduced his position in Dell 9.37%.
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Hawkins' holding history as of the second quarter: Dell's historical revenue and net income: Over the past week Mason Hawkins cut over half of his holdings in Quicksilver Resources ( KWK ) . About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell ( DELL ) from going private. The two gurus argued that the company was being seriously undervalued by its CEO, Michael Dell.
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Hawkins' holding history as of the second quarter: Dell's historical revenue and net income: Over the past week Mason Hawkins cut over half of his holdings in Quicksilver Resources ( KWK ) . About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell ( DELL ) from going private. The two gurus argued that the company was being seriously undervalued by its CEO, Michael Dell.
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The guru sold 6,669,776 shares of Dell at $13.85 per share. Hawkins' holding history as of the second quarter: Dell's historical revenue and net income: Over the past week Mason Hawkins cut over half of his holdings in Quicksilver Resources ( KWK ) . About a week after Mason Hawkins, alongside Carl Icahn, gave up their fight to keep Dell ( DELL ) from going private.
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8f6dfec6-64e4-4eac-a37d-321b2049ae09
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726362.0
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2013-09-11 00:00:00 UTC
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Carl Ichan Bows Out Of Dell’s Privatization War
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DELL
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https://www.nasdaq.com/articles/carl-ichan-bows-out-dells-privatization-war-2013-09-11
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nan
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nan
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After months of fighting, activist investor Carl Ichan has ended his battle against Dell's ( DELL ) proposed sale to its founder, Michael Dell. The announcement will likely put an end to a battle that has raged since February between Michael Dell and private equity firm Silver Lake Partners on one side and stockholders like Icahn and Southeastern Asset Management on the other who wanted a higher price for their stock.
In a letter to the shareholders on Monday, Mr. Ichan wrote that it would be impossible to win the battle after the Michael Dell led consortium had boosted the offer price, added a special dividend and changed the voting rules. However, he still planned to vote against the deal and seek an appraisal of his holdings by a Delaware court. Additionally, Southeastern Asset also continues to oppose the buyout, but won't take further action to block it. We expect that the privatization deal that hands over the company reins to Mr. Dell and Silver Lake will be completed on Thursday, September 12, when Dell shareholders head to a vote on it. In the recent months, the meeting had been postponed three times as Michael Dell and Silver Lake struggled to round up the needed votes to support the deal.
See our full analysis on Dell
The Deal
The consortium led by CEO Michael Dell proposes to take the company private in a $25 billion deal that values each share of the company at $13.75, a 25% premium over Dell's price on January 11, 2013. The deal also includes a 13 cent per share special dividend. The deal will be financed through a leverage buyout in which 90% of the funding will come from debt taken against Dell's assets and cash on books while the remaining 10% would be pooled in by the consortium as equity. The consortium proposes to transform Dell into an end-to-end information technology solutions provider by focusing on converged infrastructure solutions, cloud solutions, application development and consulting. It also states that executing the new strategy would require at least three to five years and would require additional investments that could weaken earnings for two or more years. (( 14A , August 14th 2013, www.sec.gov))
While Mr. Icahn and Southeastern Asset Management have repeatedly argued that the $25 billion proposal by Michael Dell and Silver Lake to take the company private undervalues the company, the special committee of Dell maintained the buyout represented the best option for Dell shareholders. In our article published earlier , we had argued that the shareholders will benefit from Michael Dell-Silver Lake's proposal, as it not only shifts the restructuring risk to the buying consortium, but also frees up cash that can be invested elsewhere for higher returns. We will be closely following the shareholders meeting on September 12, to keep abreast with shareholders' decision.
We currently have a $13.60 price estimate for Dell, which is in line with the current market price.
Understand How a Company's Products Impact its Stock Price at Trefis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The announcement will likely put an end to a battle that has raged since February between Michael Dell and private equity firm Silver Lake Partners on one side and stockholders like Icahn and Southeastern Asset Management on the other who wanted a higher price for their stock. In a letter to the shareholders on Monday, Mr. Ichan wrote that it would be impossible to win the battle after the Michael Dell led consortium had boosted the offer price, added a special dividend and changed the voting rules. In our article published earlier , we had argued that the shareholders will benefit from Michael Dell-Silver Lake's proposal, as it not only shifts the restructuring risk to the buying consortium, but also frees up cash that can be invested elsewhere for higher returns.
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See our full analysis on Dell The Deal The consortium led by CEO Michael Dell proposes to take the company private in a $25 billion deal that values each share of the company at $13.75, a 25% premium over Dell's price on January 11, 2013. (( 14A , August 14th 2013, www.sec.gov)) While Mr. Icahn and Southeastern Asset Management have repeatedly argued that the $25 billion proposal by Michael Dell and Silver Lake to take the company private undervalues the company, the special committee of Dell maintained the buyout represented the best option for Dell shareholders. After months of fighting, activist investor Carl Ichan has ended his battle against Dell's ( DELL ) proposed sale to its founder, Michael Dell.
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We expect that the privatization deal that hands over the company reins to Mr. Dell and Silver Lake will be completed on Thursday, September 12, when Dell shareholders head to a vote on it. See our full analysis on Dell The Deal The consortium led by CEO Michael Dell proposes to take the company private in a $25 billion deal that values each share of the company at $13.75, a 25% premium over Dell's price on January 11, 2013. (( 14A , August 14th 2013, www.sec.gov)) While Mr. Icahn and Southeastern Asset Management have repeatedly argued that the $25 billion proposal by Michael Dell and Silver Lake to take the company private undervalues the company, the special committee of Dell maintained the buyout represented the best option for Dell shareholders.
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After months of fighting, activist investor Carl Ichan has ended his battle against Dell's ( DELL ) proposed sale to its founder, Michael Dell. We expect that the privatization deal that hands over the company reins to Mr. Dell and Silver Lake will be completed on Thursday, September 12, when Dell shareholders head to a vote on it. (( 14A , August 14th 2013, www.sec.gov)) While Mr. Icahn and Southeastern Asset Management have repeatedly argued that the $25 billion proposal by Michael Dell and Silver Lake to take the company private undervalues the company, the special committee of Dell maintained the buyout represented the best option for Dell shareholders.
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f18d6b26-8cca-4853-a456-ff1bcdd71652
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726363.0
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2013-09-11 00:00:00 UTC
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Mason Hawkins' Southeastern Takes 12% Stake in News Corp
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DELL
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https://www.nasdaq.com/articles/mason-hawkins-southeastern-takes-12-stake-news-corp-2013-09-11
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nan
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nan
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While still embroiled in a fraught relationship with Dell ( DELL ), Mason Hawkins ' Southeastern Management has taken a major position in Rupert Murdoch's company, News Corp. ( NWS ), according to GuruFocus Real Time Picks . Hawkins acquired an 11.9% stake in the company, amounting to 23,767,700 shares in aggregate.
Hawkins first disclosed he was purchasing News Corp. shares in his semi-annual report, released Aug. 14.
"We purchased News Corp ( NWS ), another company we have owned previously. As the company split out the U.S. Fox entertainment business, we had the opportunity to own the remaining strongly financed, premier media assets around the world at an attractive discount," he wrote.
News Corp spun off its movie and TV assets in late June, naming the independent company 21 st Century Fox ( FOX )( FOXA ). The remaining print assets retained the News Corp name and became the nation's largest print media company, whose assets include The Wall Street Journal, Times of London, New York Post and book publisher Harper Collins.
News Corp stock began trading at roughly $15.50 per share in June and has since climbed almost 10% to $17.06 in Wednesday trading, including a 2.03% jump on news of Southeastern's purchase.
Hawkins engaged in relatively little buying in the second quarter, picking up only one new stock, Mosaic Co. ( MOS ), and adding to positions in CNH Global NV ( CNH ), Murphy Oil Corporation ( MUR ) and Level 3 Communications Inc. ( LVLT ).
He also sold roughly half of his shares in Dell to Carl Icahn during the quarter, "to enable him to construct a compelling alternative" to the management buyout. Southeastern opposed the $13.75 per share and 13 cent special dividend offer Michael Dell and Silver Lake proposed during the quarter. Hawkins retains slightly more than 71 million Dell shares.
Fellow value investor Donald Yacktman of Yacktman Asset Management is also a significant owner of News Corp shares, though he prefers the spun-off Fox business. He wrote in his second quarter commentary:
News Corp. (NWS) and Viacom were also strong contributors to the results during the quarter. At the end of June, News Corp. completed its spin-off. As a result, we now own shares in both 21st Century Fox ("Fox"), which owns an attractive collection of cable, broadcast, film and cable and satellite properties around the world and in News Corp. (retaining the old name), which largely consists of newspapers, book publishing and a collection of Australian assets.
By far our larger investment going forward is in the Fox shares, which we think will be one of the fastest growing media companies. Fox is extremely well positioned for growth, especially internationally, and in the next few months will launch Fox Sports 1, a national sports network which we think could be a significant new growth opportunity domestically.
See more Mason Hawkins trades in his portfolio here.
GuruFocus Real Time Picks alerts you for the stock purchases and sales that Gurus have made within the last two days. Follow your favorite Gurus closely with GuruFocus' Premium Membership! If you are not a Premium Member, we invite you for a 7-Day Free Trial.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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He also sold roughly half of his shares in Dell to Carl Icahn during the quarter, "to enable him to construct a compelling alternative" to the management buyout. Southeastern opposed the $13.75 per share and 13 cent special dividend offer Michael Dell and Silver Lake proposed during the quarter. While still embroiled in a fraught relationship with Dell ( DELL ), Mason Hawkins ' Southeastern Management has taken a major position in Rupert Murdoch's company, News Corp. ( NWS ), according to GuruFocus Real Time Picks .
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While still embroiled in a fraught relationship with Dell ( DELL ), Mason Hawkins ' Southeastern Management has taken a major position in Rupert Murdoch's company, News Corp. ( NWS ), according to GuruFocus Real Time Picks . He also sold roughly half of his shares in Dell to Carl Icahn during the quarter, "to enable him to construct a compelling alternative" to the management buyout. Southeastern opposed the $13.75 per share and 13 cent special dividend offer Michael Dell and Silver Lake proposed during the quarter.
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While still embroiled in a fraught relationship with Dell ( DELL ), Mason Hawkins ' Southeastern Management has taken a major position in Rupert Murdoch's company, News Corp. ( NWS ), according to GuruFocus Real Time Picks . He also sold roughly half of his shares in Dell to Carl Icahn during the quarter, "to enable him to construct a compelling alternative" to the management buyout. Southeastern opposed the $13.75 per share and 13 cent special dividend offer Michael Dell and Silver Lake proposed during the quarter.
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While still embroiled in a fraught relationship with Dell ( DELL ), Mason Hawkins ' Southeastern Management has taken a major position in Rupert Murdoch's company, News Corp. ( NWS ), according to GuruFocus Real Time Picks . He also sold roughly half of his shares in Dell to Carl Icahn during the quarter, "to enable him to construct a compelling alternative" to the management buyout. Southeastern opposed the $13.75 per share and 13 cent special dividend offer Michael Dell and Silver Lake proposed during the quarter.
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3d4d0915-bc13-4343-a402-d1d4bf32580b
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726364.0
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2013-09-10 00:00:00 UTC
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After Hours Most Active for Sep 10, 2013 : DAL, HBA^F, MU, VALE, BAC, MSFT, PBR, INTC, AAXJ, DELL, CSCO, SMFG
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-sep-10-2013-dal-hbaf-mu-vale-bac-msft-pbr-intc-aaxj-dell-csco-smfg
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -1.37 to 3,183.7. The total After hours volume is currently 38,075,481 shares traded.
The following are the most active stocks for the after hours session :
Delta Air Lines, Inc. ( DAL ) is -0.22 at $22.41, with 81,229,322 shares traded., following a 52-week high recorded in today's regular session.
HSBC USA, Inc. (HBA^F) is -1.66 at $17.08, with 5,700,000 shares traded.
Micron Technology, Inc. ( MU ) is +0.0033 at $16.26, with 3,871,668 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Aug 2013. The consensus EPS forecast is $0.22. , following a 52-week high recorded in today's regular session.
VALE S.A. ( VALE ) is -0.1655 at $16.64, with 2,127,629 shares traded. VALE's current last sale is 79.26% of the target price of $21.
Bank of America Corporation ( BAC ) is -0.03 at $14.58, with 1,841,339 shares traded. BAC's current last sale is 102.32% of the target price of $14.25.
Microsoft Corporation ( MSFT ) is -0.0035 at $32.39, with 1,807,864 shares traded. MSFT's current last sale is 89.96% of the target price of $36.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is -0.04 at $15.32, with 1,643,599 shares traded. PBR's current last sale is 71.26% of the target price of $21.5.
Intel Corporation ( INTC ) is +0.0096 at $22.99, with 1,319,214 shares traded. As reported in the last short interest update the days to cover for INTC is 8.492274; this calculation is based on the average trading volume of the stock.
iShares MSCI All Country Asia ex Japan Index Fund ( AAXJ ) is unchanged at $58.80, with 1,100,000 shares traded. This represents a 13.95% increase from its 52 Week Low.
Dell Inc. ( DELL ) is +0.0028 at $13.85, with 1,097,351 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. The consensus EPS forecast is $0.24. DELL's current last sale is 100.75% of the target price of $13.75.
Cisco Systems, Inc. ( CSCO ) is -0.0002 at $24.15, with 1,022,988 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. The consensus EPS forecast is $0.47. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Sumitomo Mitsui Financial Group Inc ( SMFG ) is unchanged at $9.66, with 966,512 shares traded. As reported by Zacks, the current mean recommendation for SMFG is in the "strong buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is +0.0028 at $13.85, with 1,097,351 shares traded. DELL's current last sale is 100.75% of the target price of $13.75. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Aug 2013.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. Dell Inc. ( DELL ) is +0.0028 at $13.85, with 1,097,351 shares traded. DELL's current last sale is 100.75% of the target price of $13.75.
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Dell Inc. ( DELL ) is +0.0028 at $13.85, with 1,097,351 shares traded. DELL's current last sale is 100.75% of the target price of $13.75. VALE S.A. ( VALE ) is -0.1655 at $16.64, with 2,127,629 shares traded.
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Dell Inc. ( DELL ) is +0.0028 at $13.85, with 1,097,351 shares traded. DELL's current last sale is 100.75% of the target price of $13.75. The NASDAQ 100 After Hours Indicator is down -1.37 to 3,183.7.
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da2cf931-6f3c-4c70-8c88-569814593b02
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726365.0
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2013-09-10 00:00:00 UTC
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Icahn Moves On: From Dell... to Apple
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DELL
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https://www.nasdaq.com/articles/icahn-moves-dell-apple-2013-09-10
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nan
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nan
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Editor's Note: This content was originally published onBenzinga.comby Tim Parker.
Monday, billionaire activist investor Carl Icahn wrote an open letter to Dell ( DELL ) shareholders saying that he was ending his battle with the Dell board.
The always kind, humble, and gracious-in-defeat teddy bear of a man said in the letter , "We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it)."
The little parting jab at the end notwithstanding, this doesn't sound like the tone of the normally ferocious Icahn who is one of the most feared men on Wall Street. The guy who has done a pretty good job of sending fellow activist Bill Ackman to the Wall Street cheap seats as Icahn and other giants continue to push Herbalife ( HLF ) higher.
The reason for such a conciliatory tone might be because Icahn didn't lose at all. In fact, he came out of this looking pretty good.
First, Icahn stands to make more than $11 million, according to CNBC . Throughout the fight, insiders speculated that Icahn never wanted control of the company anyway. He maintained that he had a big-name CEO ready to take the reins and would stage an epic turnaround despite a slumping PC market but it was hard to believe that he really wanted to get into the PC business.
Instead, he walks away with about $11 million and moves on to his next target-a small little computer company called Apple ( AAPL ).
Next, although he loves to accuse people like Bill Ackman of grandstanding, Icahn has become quite the media personality himself. He's a frequent guest on CNBC including an appearance at the network's Delivering Alpha conference. Icahn has been around for years but with his grumpy-old-man, no filter, personality, he has become a financial media mainstay of late. (To be fair, so has Warren Buffett.)
No doubt that he's now in a position to make a lot of money simply by advertising his activity. Look at Apple's stock price the day he tweeted about him and Tim Cook's upcoming lunch date.
And there's no doubt that he knows of his star power. Why else would a 77-year-old billionaire talk up his Twitter account every chance he gets?
No, Icahn didn't lose the Dell battle. As he said in his CNBC interview Monday, he looks for investments that are no-brainers. Dell was certainly one of those.
Below, find some more great ETF and market content from Benzinga:
Hewlett-Packard Estimates Fewer Notebook Shipments uin 2014
Casino Stock Are Up Big -- Here's Why
Get Ready to Picture Instagram Monetized
Twitter: @Benzinga
Benzinga Pro covers this and allmarket newsin real time. Get your free trial here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The always kind, humble, and gracious-in-defeat teddy bear of a man said in the letter , "We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it)." Monday, billionaire activist investor Carl Icahn wrote an open letter to Dell ( DELL ) shareholders saying that he was ending his battle with the Dell board. No, Icahn didn't lose the Dell battle.
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Monday, billionaire activist investor Carl Icahn wrote an open letter to Dell ( DELL ) shareholders saying that he was ending his battle with the Dell board. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The always kind, humble, and gracious-in-defeat teddy bear of a man said in the letter , "We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it)."
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Monday, billionaire activist investor Carl Icahn wrote an open letter to Dell ( DELL ) shareholders saying that he was ending his battle with the Dell board. The always kind, humble, and gracious-in-defeat teddy bear of a man said in the letter , "We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it)." No, Icahn didn't lose the Dell battle.
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No, Icahn didn't lose the Dell battle. Monday, billionaire activist investor Carl Icahn wrote an open letter to Dell ( DELL ) shareholders saying that he was ending his battle with the Dell board. The always kind, humble, and gracious-in-defeat teddy bear of a man said in the letter , "We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it)."
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bba345f8-63f5-4b13-bdbb-e088baf7ef6a
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726366.0
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2013-09-10 00:00:00 UTC
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Dell Buyout Smoothens as Icahn Bows Out - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-buyout-smoothens-as-icahn-bows-out-analyst-blog-2013-09-10
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nan
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nan
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Dell 's ( DELL ) road to privatization got easier as billionaire investor Carl Icahn reportedly withdrew from the takeover fight with Michael Dell, founder of Dell, and Silver Lake Management. Dell's proposed buyout will be up for shareholders' vote on Sep 12.
Earlier, Carl Icahn had challenged the leveraged buyout of Dell (buyout price per share of $13.65) and made a counter offer to buy back 1.1 billion shares at $14.00 per share that would give the shareholders a good return in addition to continued earnings from a publicly-traded Dell.
According to Icahn's proposal, shareholders would have been allowed to sell almost 72.0% of the total shares held, while the rest would remain with the company. Icahn asserted that shareholders would benefit from a good return on investment and at the same time would continue to earn from the shares remaining with the company.
These actions prompted Michael Dell and his associates to increase the buyout price to $13.75 and agree to pay a special dividend of 13 cents per share. Now, with Carl Icahn out of the way, it seems certain that Dell's majority shareholders will vote for the final offer from the company's founder.
Dell has been bearing the brunt of the PC market slowdown and its sales have been cannibalized by hybrid tablets from Apple ( AAPL ) and Samsung. This prompted Dell to make business transitions to cloud-based services and data center market. The latest report from Gartner suggests that Dell's server business did rather well in the second quarter of 2013.
Although Dell remained in the third position, behind International Business Machines ( IBM ) and Hewlett Packard ( HPQ ), Dell's revenues from servers increased approximately 11.0% on a year-over-year basis compared to significant declines at both IBM and H-P. Moreover, its market share increased from 15.4% in the second quarter of 2012 to 17.7% in the second quarter of 2013.
These stats are encouraging, but given that Dell's beginning in the multi-billion dollar cloud market has been shaky, a lot of work remains to be done. Gaining traction in these markets is expected to be difficult due to the presence of other providers such as Salesforce and Oracle.
So Michael Dell's privatization bid to take the company away from public scrutiny and converting it into an enterprise computing services provider would likely be beneficial for the company in the long run.
Currently, Dell has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
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HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These actions prompted Michael Dell and his associates to increase the buyout price to $13.75 and agree to pay a special dividend of 13 cents per share. Dell has been bearing the brunt of the PC market slowdown and its sales have been cannibalized by hybrid tablets from Apple ( AAPL ) and Samsung. Dell 's ( DELL ) road to privatization got easier as billionaire investor Carl Icahn reportedly withdrew from the takeover fight with Michael Dell, founder of Dell, and Silver Lake Management.
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Although Dell remained in the third position, behind International Business Machines ( IBM ) and Hewlett Packard ( HPQ ), Dell's revenues from servers increased approximately 11.0% on a year-over-year basis compared to significant declines at both IBM and H-P. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Dell 's ( DELL ) road to privatization got easier as billionaire investor Carl Icahn reportedly withdrew from the takeover fight with Michael Dell, founder of Dell, and Silver Lake Management.
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Dell 's ( DELL ) road to privatization got easier as billionaire investor Carl Icahn reportedly withdrew from the takeover fight with Michael Dell, founder of Dell, and Silver Lake Management. Earlier, Carl Icahn had challenged the leveraged buyout of Dell (buyout price per share of $13.65) and made a counter offer to buy back 1.1 billion shares at $14.00 per share that would give the shareholders a good return in addition to continued earnings from a publicly-traded Dell. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Earlier, Carl Icahn had challenged the leveraged buyout of Dell (buyout price per share of $13.65) and made a counter offer to buy back 1.1 billion shares at $14.00 per share that would give the shareholders a good return in addition to continued earnings from a publicly-traded Dell. Now, with Carl Icahn out of the way, it seems certain that Dell's majority shareholders will vote for the final offer from the company's founder. Dell 's ( DELL ) road to privatization got easier as billionaire investor Carl Icahn reportedly withdrew from the takeover fight with Michael Dell, founder of Dell, and Silver Lake Management.
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79b2a78c-0907-4898-948c-e38737887e50
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726367.0
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2013-09-09 00:00:00 UTC
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With New MacBook, Ultrabook, and Tablet Processors, It's Game Time for Intel
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DELL
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https://www.nasdaq.com/articles/new-macbook-ultrabook-and-tablet-processors-its-game-time-intel-2013-09-09
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nan
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nan
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It's fall, football season is underway, and it's make or break time for Intel Corporation ( INTC ). The chipmaker has a new quarterback in CEO Brian Krzanich, and a refreshed lineup. Haswell processors are finally hitting the shelves in force, and Bay Trail - destined for tablets and low-end notebooks - will make its first appearance in the next few months. October marks the release of Windows 8.1 and, with a wave of new machines hitting the market, the PC industry is positioned for a strong performance this holiday season.
Anything less would be a disappointment. Haswell has extended laptop battery life into the 8- to 10-hour range that was once only seen in tablets and smartphones. With Windows 8, Microsoft ( MSFT ) opened the door for new, more mobile form factors. Collectively, the PC world is fielding one of the most aggressive teams it's ever had - and if it fails to impress, we should be worried.
Amidst the gloom of falling computer sales, there have been some hopeful signs. For one thing, prices are holding up. Earnings statements from five of the largest PC vendors - HP ( HPQ ), Dell ( DELL ), Apple ( AAPL ), Acer (TPE:2353) and Lenovo (HKG:0992) - show that revenue per unit has remained steady since at least the beginning of 2011. At the same time, tablets and smartphones have been racing towards lower price points, a trend that may account for some of their growth. Additionally, while global PC shipments fell 11% year-over-year in the second quarter, the decline stateside was less than 2% . The US has historically been a leading indicator, and slowing declines suggest that the market may be bottoming out.
For its part, Intel had a rough start to 2013. Revenue in the first two quarters was down 4% versus the previous year, hit by slow PC sales and lean inventories. Earnings fell 25%, largely due to the rollout of Haswell, and ramp-up costs for the Broadwell line of chips due out next year. The company expects margins to improve in the next two quarters and earnings to clock in at a much-healthier $1.15/share.
So, all around, things may be somewhat better - or at least, somewhat less bad - than the numbers would have us believe. This bodes well for the back half of 2013. Also promising are the new machines hitting the market. Love it or hate it, Windows 8 has stirred up the once-stodgy PC industry. While many of last year's devices were - like the operating system itself - more experimental than practical, this fall should bring a more mature lineup. Windows 8.1 is expected to round out some of the rough edges and jarring changes that weighed down the new OS, while OEMs (original equipment manufacturers) have now had a few cycles to polish their touch-based and convertible products.
The biggest improvement comes from Intel. In June, the chipmaker introduced Haswell, a new generation of PC processors featuring remarkable power savings. Apple was among the first big companies to sell a Haswell-based machine, the 2013 MacBook Air. It saw a 40% gain in battery life over the previous year's model, controlling for battery size. Because Intel chose to release Haswell in staggered fashion, most notebook-class chips are only now hitting the shelves . In the last month, Acer, Asustek (TPE:2357), Sony (SNE), Dell, Lenovo, and Toshiba (TYO:6502) have all announced new PCs running Haswell, and this pace of new products will probably continue into the Windows update next month.
Meanwhile, the Atom line of processors is about to see equally big gains to battery life, plus substantial performance improvements. Last week saw the launch of the Avoton, aimed at high-efficiency servers. Early 2014 will bring Merrifield, intended for high-end smartphones. Bay Trail rounds out the trio, and is probably the most interesting of the three; it does something no ARM chip has done and fills the gap between a full-fledged PC processor and an underpowered mobile chipset. It can run both Android and the full version of Windows 8, will earn higher margins than Intel's current Celeron and Pentium lines, and could save manufacturers the hassle of designing for different chip architectures to address different markets.
To be sure, most analysts expect continued bleeding from Intel and its partners. We're told that consumers would rather spend $300 on an appendage for their smartphones , than on a Windows 8 tablet pre-loaded with Office . That may be true -- you win some and you lose some -- but the time has never looked better for a come-from-behind upset. At this point, the locker room speeches have been given, bruised manufacturers have suited up, and now the PC industry has to prove that it's still in this game.
Related links:
Not Everyone Needs Candy Crush: Why (and Where) Nokia and Microsoft Have a Chance
Tech News: Google's Move to Take Over the Desktop, and the New 'Netflix of E-Books'
Samsung's Galaxy Gear: Just How Smart Is It?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings statements from five of the largest PC vendors - HP ( HPQ ), Dell ( DELL ), Apple ( AAPL ), Acer (TPE:2353) and Lenovo (HKG:0992) - show that revenue per unit has remained steady since at least the beginning of 2011. In the last month, Acer, Asustek (TPE:2357), Sony (SNE), Dell, Lenovo, and Toshiba (TYO:6502) have all announced new PCs running Haswell, and this pace of new products will probably continue into the Windows update next month. Windows 8.1 is expected to round out some of the rough edges and jarring changes that weighed down the new OS, while OEMs (original equipment manufacturers) have now had a few cycles to polish their touch-based and convertible products.
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Earnings statements from five of the largest PC vendors - HP ( HPQ ), Dell ( DELL ), Apple ( AAPL ), Acer (TPE:2353) and Lenovo (HKG:0992) - show that revenue per unit has remained steady since at least the beginning of 2011. In the last month, Acer, Asustek (TPE:2357), Sony (SNE), Dell, Lenovo, and Toshiba (TYO:6502) have all announced new PCs running Haswell, and this pace of new products will probably continue into the Windows update next month. Revenue in the first two quarters was down 4% versus the previous year, hit by slow PC sales and lean inventories.
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Earnings statements from five of the largest PC vendors - HP ( HPQ ), Dell ( DELL ), Apple ( AAPL ), Acer (TPE:2353) and Lenovo (HKG:0992) - show that revenue per unit has remained steady since at least the beginning of 2011. In the last month, Acer, Asustek (TPE:2357), Sony (SNE), Dell, Lenovo, and Toshiba (TYO:6502) have all announced new PCs running Haswell, and this pace of new products will probably continue into the Windows update next month. October marks the release of Windows 8.1 and, with a wave of new machines hitting the market, the PC industry is positioned for a strong performance this holiday season.
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Earnings statements from five of the largest PC vendors - HP ( HPQ ), Dell ( DELL ), Apple ( AAPL ), Acer (TPE:2353) and Lenovo (HKG:0992) - show that revenue per unit has remained steady since at least the beginning of 2011. In the last month, Acer, Asustek (TPE:2357), Sony (SNE), Dell, Lenovo, and Toshiba (TYO:6502) have all announced new PCs running Haswell, and this pace of new products will probably continue into the Windows update next month. Haswell processors are finally hitting the shelves in force, and Bay Trail - destined for tablets and low-end notebooks - will make its first appearance in the next few months.
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4f5e32e8-42a9-4d06-8f51-6870ec81c52b
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726368.0
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2013-09-09 00:00:00 UTC
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Market Wrap for Monday, September 9: Nasdaq Bounces To 13 Year High
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DELL
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https://www.nasdaq.com/articles/market-wrap-monday-september-9-nasdaq-bounces-13-year-high-2013-09-09
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nan
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nan
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Strong Chinese data started domestic markets higher to mark the fifth straight day of gains. The Nasdaq set a new 13 year higher while other indexes approach their previous peaks.
Major Indexes
The Dow Jones Industrial Average rose surged 138.68 points, or 0.93 percent to close at 15,061.08.
The S&P 500 added 16.48 points, or one percent to close at 1,671.66.
The Nasdaq rose points 46.17, or 1.26 percent to close at 3,706.18.
The Russell 3000 climbed 10.34 points, or 1.04 percent to close at 1,001.2.
Top Stories
Chinese exports for the month of August grew 7.2 percent year over year. This is a huge shock to many investors who saw Chinese dominance coming to an end after recording export contraction of 3.1 percent in June. This is the second consecutive month year over year exports are up.
Carl Icahn spoke on Bloomberg television this afternoon, announcing he will not pursue additional efforts to defeat Michael Dell's proposal for the company. Regardless, shares of Dell (NASDAQ: DELL ) oscillated between a one cent range after his announcement.
Traders are still waiting for the White House to announce its plan for Syria.
Stock Movers
Molex (NASDAQ: MOLX ) rose 31.66 percent to $38.63 after the company agreed to be acquired by Koch Industries for $7.2 billion in cash. Isis Pharmaceuticals (NASDAQ: ISIS ) shot up 13.93 percent to $31.81 after the company and Biogen Idec (NASDAQ: BIIB ) announced a strategic collaboration to develop new treatments for neurological disorders. Fusion-io (NYSE: FIO ) gained 25.58 percent to $13.60 after the company was upgraded at Craig-Hallum as a 'likely take out target' Sagent Pharmaceuticals (NASDAQ: SGNT ) were down 7.78 percent to $21.80 after the company announced an offering of 4,441,627 shares of common stock. UTi Worldwide (NASDAQ: UTIW ) was also down, falling 4.80 percent to $15.27 after the company's fourth quarter results disappointed traders on Friday. Community Health Systems (NYSE: CYH ) dropped 4.26 percent to $37.99 after Citigroup downgraded the stock from Buy to Neutral.Global markets
Asian markets jumped higher on the strong Chinese data. The Shanghai index rose 3.39 percent with Hong Kong's Hang Seng up 0.57 percent. Japan's volatile Nikkei rose 2.48 percent.
Europe took a bit of a hit today, possibly as money flowed into Asian and American exchanges. The Euro Stoxx index, which tracks 50 blue chips dropped 0.18 percent, London's FTSE fell 0.25 percent, and France's CAC dropped 0.22 percent.
Commodities
As equity markets moved higher, energy futures dropped on the day. At last check, WTI oil was down 1.06 percent to $109.36 with Brent down 2.2 percent to $113.56. Any news about the Syrian conflict will rock contracts either way.
Precious metals are mostly unmoved today after dropping off last week. Gold futures traded down 0.1 percent heading into the equity market close to $1,386.40. Silver futures lost 0.76 percent to fall to $23.71.
In the grain complex, corn, wheat, and cocoa took a beating today, falling 1.01 percent, one percent, and 0.39 percent, respectively.
Currencies
The Powershares ETF (NYSE: UUP ) which tracks the value of the US dollar versus a basket of foreign currencies fell half a percent today as investors moved into equity markets throughout the world.
The closely watched EUR/USD pair rose 0.62 percent to $1.3260. Other big movers on the day include the EUR/JPY, which rose 1.07 percent, and the USD/BRL which fell 1.29 percent.
Bonds
Treasuries added a little value today. The iShares ETF (NYSE: TLT ) which tracks the performance of 20 plus year government bonds was up 0.08 percent heading into the close.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Carl Icahn spoke on Bloomberg television this afternoon, announcing he will not pursue additional efforts to defeat Michael Dell's proposal for the company. Regardless, shares of Dell (NASDAQ: DELL ) oscillated between a one cent range after his announcement. Stock Movers Molex (NASDAQ: MOLX ) rose 31.66 percent to $38.63 after the company agreed to be acquired by Koch Industries for $7.2 billion in cash.
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Carl Icahn spoke on Bloomberg television this afternoon, announcing he will not pursue additional efforts to defeat Michael Dell's proposal for the company. Regardless, shares of Dell (NASDAQ: DELL ) oscillated between a one cent range after his announcement. Commodities As equity markets moved higher, energy futures dropped on the day.
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Carl Icahn spoke on Bloomberg television this afternoon, announcing he will not pursue additional efforts to defeat Michael Dell's proposal for the company. Regardless, shares of Dell (NASDAQ: DELL ) oscillated between a one cent range after his announcement. Fusion-io (NYSE: FIO ) gained 25.58 percent to $13.60 after the company was upgraded at Craig-Hallum as a 'likely take out target' Sagent Pharmaceuticals (NASDAQ: SGNT ) were down 7.78 percent to $21.80 after the company announced an offering of 4,441,627 shares of common stock.
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Carl Icahn spoke on Bloomberg television this afternoon, announcing he will not pursue additional efforts to defeat Michael Dell's proposal for the company. Regardless, shares of Dell (NASDAQ: DELL ) oscillated between a one cent range after his announcement. The Nasdaq rose points 46.17, or 1.26 percent to close at 3,706.18.
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8def907c-fff7-4b91-859d-c3bc5d66de6f
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726369.0
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2013-09-05 00:00:00 UTC
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Three High-Yield Tech Stocks for Income Investors
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DELL
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https://www.nasdaq.com/articles/three-high-yield-tech-stocks-income-investors-2013-09-05
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nan
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nan
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The prospect of rising interest rates can hurt the average income investor, but there are still ways to find high yield in equities. Dividend-paying tech stocks are actually well suited to the current economic environment, as they often have a lot of cash on hand, and can weather changes in inflation. Some technology companies now offer a yield of over 4%. But the first thing investors should ask is if this is too good to be true.
Here are three companies that offer genuine high yields.
Charts powered by Kapitall. Data sourced from Zacks Investment Research.
Intel Corporation ( INTC ) shares have dropped steadily since June 2013. Shares now pay a dividend yielding 4.09%. Investors soured on the possibility that the demand for PCs will recover. Demand for computers (including laptops) steadily fell throughout 2013, extending declines from last year. IDC thinks shipments will drop 9.7% in 2013. Hewlett-Packard Company ( HPQ ) and Dell ( DELL ) both reported weak PC sales recently, which suggests that Intel will face challenges in the near term.
Despite these worries, Intel is still refreshing its product line-up of processors. Its Haswell processor will be updated as early as September. There could be as many as 13 processors introduced, and 24 Haswell chips announced that are made for the laptop market. This will push Intel ahead in offering low-energy-consuming processors, especially after Advanced Micro Devices ( AMD ) delayed the launch of its latest budget processor.
Iron Mountain ( NYSE:IRM) yields a dividend of 4.19%. The business software and services company offers records management services for companies, such as paper shredding. Shares plunged back in June after the IRS questioned the eligibility of Iron Mountain converting to an REIT. In the second quarter, the company earned $0.29 per share on revenues of $755 million. The company said during its conference call that the IRS is studying its REIT plan, which will lengthen the duration it will take to convert.
STMicroelectronics NV ( STM ) yields 4.27%, after shares dropped from $9.94 in July 2013 to close at $7.97. The company expects revenue this quarter to be flat. Analysts had expected the company to grow revenue by 3.7%. The company pointed to a softening in the smartphone market for the soft outlook. In the second half of the year, the company will ramp up products in automotive, microcontrollers and imaging sectors. This will help increase revenue in the third and fourth quarters.
Charts powered by Kapitall. Data sourced from Zacks Investment Research.
The Bigger Picture
A high dividend yield helps cushion investors from losses when the stock price drops, but this does not mean that fundamentals should be ignored. All three companies had a recent event that triggered a sell-off in its shares, but fundamentals did not deteriorate significantly. Iron Mountain could still convert to an REIT, but this will take longer. Intel could face light sales, but the company continues to innovate. STMicroelectronics expects a light quarter, but growth could rebound.
Editor's note: This article was written by Chris Lau, a Kapitall writer.
Kapitall's lists break complex concepts down to their basics, offering education and investing ideas to novices that double as a refresher course for more seasoned investors. Inspired by video game design, Kapitall's revolutionary brokerage platform combines a graphical user interface with tools that make it easy to build portfolios, share ideas and execute trades.
Read more from Kapitall:
Online Gambling Stocks: Will the US Cash In?
Ford and GM are Growing: Will Tesla Have to Sell Cars to Compete?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hewlett-Packard Company ( HPQ ) and Dell ( DELL ) both reported weak PC sales recently, which suggests that Intel will face challenges in the near term. The prospect of rising interest rates can hurt the average income investor, but there are still ways to find high yield in equities. Kapitall's lists break complex concepts down to their basics, offering education and investing ideas to novices that double as a refresher course for more seasoned investors.
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Data sourced from Zacks Investment Research. Hewlett-Packard Company ( HPQ ) and Dell ( DELL ) both reported weak PC sales recently, which suggests that Intel will face challenges in the near term. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hewlett-Packard Company ( HPQ ) and Dell ( DELL ) both reported weak PC sales recently, which suggests that Intel will face challenges in the near term. Here are three companies that offer genuine high yields. The business software and services company offers records management services for companies, such as paper shredding.
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Hewlett-Packard Company ( HPQ ) and Dell ( DELL ) both reported weak PC sales recently, which suggests that Intel will face challenges in the near term. Despite these worries, Intel is still refreshing its product line-up of processors. There could be as many as 13 processors introduced, and 24 Haswell chips announced that are made for the laptop market.
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dc2fa9e4-fb0f-41fb-a5bd-add8d6b3b758
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726370.0
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2013-09-04 00:00:00 UTC
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PC Shipments to Decline in 2013 - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/pc-shipments-to-decline-in-2013-analyst-blog-2013-09-04
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nan
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nan
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PC vendors are in for a tough time ahead as the latest IDC report revealed that PC shipments are expected to decline 9.7% in 2013. The current annual projection worsened from the research firm's earlier forecasts of a 1.3% drop (projected in March) and a 7.8% decrease (forecasted in May) for 2013, primarily due to the continued shift in consumer preferences toward mobile devices.
What's worse, IDC traces the slump to softness in emerging markets, which has for some time supported growth. PC shipments in emerging markets are expected to be down 9.8% in 2013, steeper than the 9.4% year-over-year decline in mature markets.
China appears to be the main reason for the lowered forecast, due to continued shift in customer preferences toward tablets and smartphones. IDC says that some inventory has accumulated in the channel.
Despite these mundane and disappointing 2013 projections, IDC expects the rate of decline to moderate and a slow rebound in PC shipments after 2014 aided by system refreshes and businesses opting for system migrations beyond Windows 7. However, the lack of new and enhanced applications could pose challenges.
The PC market is already in the doldrums as the second-quarter PC shipments were down 11.7% from the year-ago period. The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. On a geographic basis, PC shipments were down across the U.S., the EMEA and the Asia/Pacific.
We believe that the emergence and rapid adoption of handheld computing devices from Apple ( AAPL ), Samsung and other Asian companies are cannibalizing PC sales and this trend may be expected to continue.
This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Related markets, such as security are also feeling the pinch; with important players like Symantec Corp. ( SYMC ) exiting the market altogether.
We believe that the ability to migrate to mobile platforms and/or data centers may be the only possible solution for these players.
Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell).
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell).
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The top 3 global PC vendors - Lenovo, Hewlett-Packard ( HPQ ) and Dell ( DELL ) - have not only recorded a decrease in shipments but also contractions in market shares. This also raises a question about the future of the PC industry and the prospects of companies relying substantially on the sale of PC's (H-P and Dell). Currently, Hewlett-Packard, Dell, Apple and Symantec carry a Zacks Rank #3 (Hold).
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2edda456-7333-4820-89e3-00777cd505e4
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726371.0
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2013-09-03 00:00:00 UTC
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Why the 'Phablet' Is Not a Fad
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DELL
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https://www.nasdaq.com/articles/why-phablet-not-fad-2013-09-03
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nan
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nan
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Apple ( AAPL ) and other US consumer technology giants may have missed their chance to gain a loyal consumer following in many emerging markets because they were unable to tweak their products to meet local preferences, as South Korean technology company Samsung (OTCMKTS:SSNLF) and some lesser-known local brands did.
That's the clear message from new numbers on global computer device shipments from technology market research firm International Data Corp. (IDC).
In short, it seems that newly affluent consumers in emerging nations are leapfrogging the PC era altogether. Many are still carrying low-end feature phones, but they're trading them in, in record numbers, for smartphones. They are particularly enthusiastic about "phablets." And they are much more cost-conscious than Western consumers are.
These smartphones with the awkward nickname have screens that are five to seven inches wide. To American shoppers, they may look clumsy or even comical when viewed as a phone. But in China and India, they look like true multi-purpose devices.
Phablets as a category have already overtaken tablets and PCs in emerging markets, according to the report from IDC on global shipments of consumer devices in the second quarter of 2013.
IDC has downgraded its estimate for global shipments of personal computers for the second time this year because sales of PCs in Asian markets have unexpectedly slowed as much as they have in Western markets. (That category includes laptops and "convertibles" as well as desktop PCs.)
Earlier forecasts had assumed that emerging markets would make up some of the losses from US and European sales. The enthusiasm for phablets, and for other mobile devices, is partly responsible for the global slowdown. The report also cites the slowing of China's economic growth and anxiety over the impact of future Federal Reserve monetary policy changes for the lowered forecast.
IDC now estimates that global personal computer shipments will fall by 9.7% year over year.
The report is not a total disaster for the PC industry. Over time, it sees sales flattening rather than falling off a cliff, with demand for new and hybrid categories of PC like ultra-slim and convertible PC/tablets making up for some of the decline in PC sales. For 2017, it estimates overall PC shipments of 319.8 million worldwide, compared with 349.2 million in 2012.
But the hot category right now, particularly in emerging markets, is the phablet. Device makers shipped 25.2 million phablets in the second quarter, a year-over-year increase of 620%. By comparison, shipments totaled 12.6 million tablets and 12.7 million portable PCs, according to IDC.
Samsung, the first major company to break through with a supersized phone, is the clear favorite among smartphone brands in both India and China. In both countries, homegrown brands are giving Samsung a run for its money, while US and other Western names trail in the single digits.
In India, the smartphone market overall is growing fast, with the total number shipped up by more than 200% year over year to 9.3 million. Nearly one-third of those devices fall into the phablet category, according to The Times of India .
Although Samsung is the top smartphone vendor, with a 26% market share, second and third places are taken by local companies, with a combined 35% share. Nokia ( NOK ) and Sony ( SNE ) are the top-selling Western brands, but register only 5% each of sales in the second quarter, according to The Times .
That local edge is even more pronounced in China.
As in India, Samsung is the top-selling brand, but the rest of the top six are Chinese brands, according to The South China Morning Post .
Apple pops up in seventh place in China with 4.8%, having only recently been overtaken by Xiaomi.
As the British newspaper The Guardian points out, timing is everything in the tech business. Dell ( DELL ) unveiled the Dell Streak with its five-inch screen too early, in July 2009. But Apple may have waited too long. If it introduces a phablet, and it has not said it will, it's unlikely to appear until 2014 at least.
The success of Xiaomi, only three years after the company was formed, illustrates another attribute of emerging market consumers: Compared with Western consumers, they're extremely price-conscious.
Xiaomi's latest model, whose name translates as Red Rice, is priced at just $130 without a contract, but has features ordinarily found in higher-end phones.
It now appears that Xiaomi is taking its brand on the road to other emerging markets, including Russia and Indonesia.
If the company name sounds familiar, it's probably because it just hired executive Hugo Barra, formerly of Google ( GOOG ). The Post surmises that the hire is part of an ambitious plan for international expansion.
See also:
Tech Products News: Apple's Trade-In Program, and a Simple Android Controller That Kickstarter Loved
Decoding Nintendo's 2DS and Cheaper Wii U: Is the Video Game Giant Struggling?
Four Reasons the New York Times Was Hackable
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) unveiled the Dell Streak with its five-inch screen too early, in July 2009. Phablets as a category have already overtaken tablets and PCs in emerging markets, according to the report from IDC on global shipments of consumer devices in the second quarter of 2013. The report also cites the slowing of China's economic growth and anxiety over the impact of future Federal Reserve monetary policy changes for the lowered forecast.
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Dell ( DELL ) unveiled the Dell Streak with its five-inch screen too early, in July 2009. That's the clear message from new numbers on global computer device shipments from technology market research firm International Data Corp. (IDC). Phablets as a category have already overtaken tablets and PCs in emerging markets, according to the report from IDC on global shipments of consumer devices in the second quarter of 2013.
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Dell ( DELL ) unveiled the Dell Streak with its five-inch screen too early, in July 2009. Apple ( AAPL ) and other US consumer technology giants may have missed their chance to gain a loyal consumer following in many emerging markets because they were unable to tweak their products to meet local preferences, as South Korean technology company Samsung (OTCMKTS:SSNLF) and some lesser-known local brands did. Phablets as a category have already overtaken tablets and PCs in emerging markets, according to the report from IDC on global shipments of consumer devices in the second quarter of 2013.
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Dell ( DELL ) unveiled the Dell Streak with its five-inch screen too early, in July 2009. Phablets as a category have already overtaken tablets and PCs in emerging markets, according to the report from IDC on global shipments of consumer devices in the second quarter of 2013. As in India, Samsung is the top-selling brand, but the rest of the top six are Chinese brands, according to The South China Morning Post .
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cda5a500-5cb5-4b8e-b6f6-3a58b60cef99
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726372.0
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2013-08-30 00:00:00 UTC
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Dell Unveils 3 Monitors - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-unveils-3-monitors-analyst-blog-2013-08-30
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nan
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nan
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Dell Inc. ( DELL ) has launched its latest touch screen monitors, Dell 20 Touch Monitor (E2014T), Dell 23 Touch Monitor (P2314T) and Dell 27 Touch Monitor (P2714T). These models add to Dell's portfolio of Dell 21.5 Touch Monitor S2240T and Dell S2340T 23 Multi-Touch HD Monitor.
The monitors comprise state of the art HD resolution with high dynamic contrast ratio for an enhanced viewing experience. Moreover, a sleek design and superior touch experience are expected to be the unique selling points of the products.
The monitors come with a host of connector ports such as Mobile High-Definition Link (MHL), (enables content from smartphones and tablets to be displayed on the monitor), DisplayPort, HDMI, VGA and USB.
Dell 20 Touch Monitor, Dell 23 Touch Monitor and Dell 27 Touch Monitor, priced at $249.99, $449.99and $699.99, respectively, are currently available in the U.S., Canada and Latin America. Moreover, the Dell 20 Touch Monitor will be available in European and Asia-Pacific regions from Sep 26, while the other two models will be available from Sep 18.
While the launch of these products are intended to boost consumer demand, the ongoing uncertainty in the PC market has prompted Dell to shift focus toward the high-margin enterprise solutions market. As a result, Dell's Enterprise Solutions Group revenues increased 8% in the last-reported quarter.
Moreover, the company has been deploying its resources to build its position in the infrastructure, cloud and security services markets, where growth rates have been healthy. Additionally, Dell is exploring new markets and business segments which are expected to be beneficial for the company in the long run.
However, the company is up against cutthroat competition from Hewlett-Packard ( HPQ ), IBM ( IBM ) and Oracle ( ORCL ) in most of its business segments. Low business growth in Europe and a restricted spending environment add to the woes. The competition faced by the company in the Small & Medium Business (SMB) and server segments is also a concern.
Currently, Dell carry a Zacks Rank #3 (Hold).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, Dell is exploring new markets and business segments which are expected to be beneficial for the company in the long run. Dell Inc. ( DELL ) has launched its latest touch screen monitors, Dell 20 Touch Monitor (E2014T), Dell 23 Touch Monitor (P2314T) and Dell 27 Touch Monitor (P2714T). These models add to Dell's portfolio of Dell 21.5 Touch Monitor S2240T and Dell S2340T 23 Multi-Touch HD Monitor.
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Dell Inc. ( DELL ) has launched its latest touch screen monitors, Dell 20 Touch Monitor (E2014T), Dell 23 Touch Monitor (P2314T) and Dell 27 Touch Monitor (P2714T). Dell 20 Touch Monitor, Dell 23 Touch Monitor and Dell 27 Touch Monitor, priced at $249.99, $449.99and $699.99, respectively, are currently available in the U.S., Canada and Latin America. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Inc. ( DELL ) has launched its latest touch screen monitors, Dell 20 Touch Monitor (E2014T), Dell 23 Touch Monitor (P2314T) and Dell 27 Touch Monitor (P2714T). These models add to Dell's portfolio of Dell 21.5 Touch Monitor S2240T and Dell S2340T 23 Multi-Touch HD Monitor. Dell 20 Touch Monitor, Dell 23 Touch Monitor and Dell 27 Touch Monitor, priced at $249.99, $449.99and $699.99, respectively, are currently available in the U.S., Canada and Latin America.
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Dell Inc. ( DELL ) has launched its latest touch screen monitors, Dell 20 Touch Monitor (E2014T), Dell 23 Touch Monitor (P2314T) and Dell 27 Touch Monitor (P2714T). These models add to Dell's portfolio of Dell 21.5 Touch Monitor S2240T and Dell S2340T 23 Multi-Touch HD Monitor. Dell 20 Touch Monitor, Dell 23 Touch Monitor and Dell 27 Touch Monitor, priced at $249.99, $449.99and $699.99, respectively, are currently available in the U.S., Canada and Latin America.
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2d62a766-8478-4992-a17e-79dfa9e08be2
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726373.0
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2013-08-29 00:00:00 UTC
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After Hours Most Active for Aug 29, 2013 : DELL, CRM, SWK, QQQ, VZ, BAC, HAL, XOM, CSCO, MU, OVTI, INTC
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-aug-29-2013-dell-crm-swk-qqq-vz-bac-hal-xom-csco-mu-ovti-intc-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.27 to 3,093.09. The total After hours volume is currently 21,514,666 shares traded.
The following are the most active stocks for the after hours session :
Dell Inc. ( DELL ) is +0.0028 at $13.75, with 2,507,085 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. The consensus EPS forecast is $0.24. DELL's current last sale is 100.02% of the target price of $13.75.
Salesforce.com Inc ( CRM ) is +2.75 at $46.40, with 1,932,728 shares traded. RTT News Reports: Salesforce.com Q2 14 Earnings Conference Call At 5:00 PM ET
Stanley Black & Decker, Inc. ( SWK ) is unchanged at $85.85, with 1,850,811 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $1.82. SWK's current last sale is 94.86% of the target price of $90.5.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.01 at $75.95, with 1,709,619 shares traded. This represents a 23.88% increase from its 52 Week Low.
Verizon Communications Inc. ( VZ ) is -0.02 at $47.80, with 948,269 shares traded. VZ's current last sale is 88.52% of the target price of $54.
Bank of America Corporation ( BAC ) is unchanged at $14.17, with 617,746 shares traded. BAC's current last sale is 99.44% of the target price of $14.25.
Halliburton Company ( HAL ) is -0.2375 at $48.30, with 605,677 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $1. As reported by Zacks, the current mean recommendation for HAL is in the "buy range".
Exxon Mobil Corporation ( XOM ) is +0.0683 at $87.34, with 559,881 shares traded. XOM's current last sale is 90.04% of the target price of $97.
Cisco Systems, Inc. ( CSCO ) is +0.0047 at $23.45, with 424,292 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. The consensus EPS forecast is $0.47. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Micron Technology, Inc. ( MU ) is +0.0027 at $13.57, with 352,749 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Aug 2013. The consensus EPS forecast is $0.22. MU's current last sale is 90.48% of the target price of $15.
OmniVision Technologies, Inc. ( OVTI ) is -1.69 at $16.72, with 338,128 shares traded. RTT News Reports: OmniVision Q1 Profit Rises - Quick Facts
Intel Corporation ( INTC ) is +0.0044 at $22.06, with 326,868 shares traded. As reported in the last short interest update the days to cover for INTC is 8.492274; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.0028 at $13.75, with 2,507,085 shares traded. DELL's current last sale is 100.02% of the target price of $13.75. RTT News Reports: Salesforce.com Q2 14 Earnings Conference Call At 5:00 PM ET Stanley Black & Decker, Inc. ( SWK ) is unchanged at $85.85, with 1,850,811 shares traded.
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Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.0028 at $13.75, with 2,507,085 shares traded. DELL's current last sale is 100.02% of the target price of $13.75.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.0028 at $13.75, with 2,507,085 shares traded. DELL's current last sale is 100.02% of the target price of $13.75. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.0028 at $13.75, with 2,507,085 shares traded. DELL's current last sale is 100.02% of the target price of $13.75. The NASDAQ 100 After Hours Indicator is down -.27 to 3,093.09.
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425d42c1-f7db-4235-87d4-eb8502ee7da1
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726374.0
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2013-08-22 00:00:00 UTC
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Time to Turn the Page on Barnes & Noble?
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DELL
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https://www.nasdaq.com/articles/time-turn-page-barnes-noble-2013-08-22
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nan
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nan
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Barnes & Noble ( BKS ) is getting a lot of attention these days, particularly for a stock whose market capitalization now languishes below the $1 billion mark and is worth less than Noodles & Co. ( NDLS ), the fledgling fast food franchise that went public only months ago.
There are some good reasons for that attention. First, and most significantly, are the company's financial results. It's bad enough that Barnes & Noble reported a wider fiscal first-quarter loss than anticipated, of $87 million or $1.56 per share, double the loss announced in the same quarter a year ago.
Worse, the company is still struggling to compete in the digital age. Its management remains committed to selling the Nook e-reader/tablet devices in order to keep selling digital content -- books, magazines, and a host of other features -- that likely is more profitable than printed matter. (Barnes & Noble doesn't break out the profitability of the Nook hardware business or that of sales of digital content, but some analysts calculate margins on the latter could be as high as 50%.)
Yet the day that Barnes & Noble announced its dismal earnings was also the day the company's website was trumpeting the opportunity for its customers to snap up the Nook Simple Touch GlowLight for a mere $99, which is $20 less than they would have paid last week and the second price cut in under a year. Sales of Nook devices have fallen off a cliff as it has become increasingly clear that e-readers are commodity devices, simply a way to persuade customers to buy higher-margin content.
One of the problems confronting Barnes & Noble right now, however, is the fact that Nook owners are locked into buying content from publishers via Barnes & Noble. Still unanswered is what might happen to their digital content if Barnes & Noble follows Borders into oblivion. That could curb future growth in sales of both the devices and the content.
Then there is Leonard Riggio's puzzling behavior. Riggio, the company's founder, chairman and largest shareholder, announced this week that he won't be pursuing a bid to buy the company's brick-and-mortar bookstores. He dressed up the news in a lot of verbiage keyed to customer service -- "I believe it is in the company's best interests to focus on the business at hand" -- and left the market to speculate as to the real reason for the transaction's failure to move forward. Was he daunted by the controversy swirling around Michael Dell's ( DELL ) buyout offer for the company that he had founded, or by the difficulty that Richard Schulze had in assembling financing for the acquisition of the company that he had once led, Best Buy ( BBY )? Or did potential financiers simply not see the upside potential in a standalone brick-and-mortar book retailing business in the digital age?
Regardless of his reasons, Riggio's rhetoric rings rather hollow. "Right now our priority should be to serve the more than 10 million customers who own Nook devices, to concentrate on building our Retail business, and to accelerate the sale of Nook products in our stores, and in the marketplace," he went on to say in his brief statement. Really? This is the same guy who, only a few months ago, turned up his nose at the Nook business and said he'd be happy to take over only the traditional stores.
Nor did the conference call following the release of those depressing earnings provide much insight into what might pass for strategic thinking at Barnes & Noble these days. On the one hand, Michael Huseby, the company's president, says management and the board will entertain offers or suggestions for Nook; on the other hand, he said Barnes & Noble needs to be a player in the device market if wants to continue being involved in selling content.
Confused by all this? If so, you've got plenty of company - and that's the biggest problem that Barnes & Noble has to grapple with. Investors can cope with a big earnings "miss," and even outsize losses. Just talk to Amazon's ( AMZN ) rabid fans. What they can't tolerate is confusion and uncertainty, known on the street as a lack of "visibility." With Barnes & Noble these days, the visibility is about what it might have been in one of London's most notorious pea-souper fogs, the kind that caused people to fall off sidewalks and break their legs or walk out in front of oncoming traffic.
Is Barnes & Noble really going to outsource production of the Nook? Huseby didn't seem to have a clear answer, instead blaming ousted CEO William Lynch for crummy forecasting of consumer demand for the devices. Can the company exist as a single entity, as the new approach suggests, or, as Riggio first argued earlier this year, might it fare better as two separate businesses? Above all, how does the company plan to transform the obvious demand for digital content into profits for Barnes & Noble shareholders?
So far, the lack of detailed information on all of these questions is demoralizing. Stock market investors, when they buy shares in a company, are betting on future expectations and the potential for growth, not just for a share of what the company has already achieved. That's why Apple's (AAPL) stock price has come under so much pressure in the last 18 months, in spite of the mountain of cash sitting on its books. If management seems confused and unable to agree on where that potential lies -- a key ingredient that needs to be in place before we can start discussing what the best strategy is to realize that potential -- then there is little hope that long-term investors are going to stick around and tough it out.
Editor's Note: This article by Suzanne McGee, originally appeared on The Fiscal Times.
For more from The Fiscal Times:
Amazon Eyes More Profits with Less Shipping
What if Apple Loses Its E-Book Price-Fixing Case?
The Real Amazon Price War: Where Should Its Stock Be?
Follow The Fiscal Times onTwitter @TheFiscalTimes.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Was he daunted by the controversy swirling around Michael Dell's ( DELL ) buyout offer for the company that he had founded, or by the difficulty that Richard Schulze had in assembling financing for the acquisition of the company that he had once led, Best Buy ( BBY )? Barnes & Noble ( BKS ) is getting a lot of attention these days, particularly for a stock whose market capitalization now languishes below the $1 billion mark and is worth less than Noodles & Co. ( NDLS ), the fledgling fast food franchise that went public only months ago. He dressed up the news in a lot of verbiage keyed to customer service -- "I believe it is in the company's best interests to focus on the business at hand" -- and left the market to speculate as to the real reason for the transaction's failure to move forward.
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Was he daunted by the controversy swirling around Michael Dell's ( DELL ) buyout offer for the company that he had founded, or by the difficulty that Richard Schulze had in assembling financing for the acquisition of the company that he had once led, Best Buy ( BBY )? (Barnes & Noble doesn't break out the profitability of the Nook hardware business or that of sales of digital content, but some analysts calculate margins on the latter could be as high as 50%.) Or did potential financiers simply not see the upside potential in a standalone brick-and-mortar book retailing business in the digital age?
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Was he daunted by the controversy swirling around Michael Dell's ( DELL ) buyout offer for the company that he had founded, or by the difficulty that Richard Schulze had in assembling financing for the acquisition of the company that he had once led, Best Buy ( BBY )? Yet the day that Barnes & Noble announced its dismal earnings was also the day the company's website was trumpeting the opportunity for its customers to snap up the Nook Simple Touch GlowLight for a mere $99, which is $20 less than they would have paid last week and the second price cut in under a year. One of the problems confronting Barnes & Noble right now, however, is the fact that Nook owners are locked into buying content from publishers via Barnes & Noble.
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Was he daunted by the controversy swirling around Michael Dell's ( DELL ) buyout offer for the company that he had founded, or by the difficulty that Richard Schulze had in assembling financing for the acquisition of the company that he had once led, Best Buy ( BBY )? One of the problems confronting Barnes & Noble right now, however, is the fact that Nook owners are locked into buying content from publishers via Barnes & Noble. Or did potential financiers simply not see the upside potential in a standalone brick-and-mortar book retailing business in the digital age?
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7b006f24-f82d-44ca-9074-c4903747c6ef
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726375.0
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2013-08-16 00:00:00 UTC
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Sector Update: Technology Shares Mixed Pre-Bell; Dell Bidders Due in Court Today
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DELL
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https://www.nasdaq.com/articles/sector-update-technology-shares-mixed-pre-bell-dell-bidders-due-court-today-2013-08-16
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nan
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nan
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Top Technology Stocks:
MSFT: flat
AAPL: -0.51%
IBM: flat
CSCO: +0.51%
GOOG: flat
Technology shares are mixed pre-bell trading. Dell ( DELL ) shares are up 0.2% at $13.73 as Carl Icahn and Michael Dell ready for a court hearing to determine whether to fast-track Icahn's lawsuit for control of the firm.
Last night Dell reported a Q2 EPS of $0.25, up from the $0.24 per share analysts expected. Revenue was $14.5 billion versus the analyst estimate of $14.2 billion.
And BlackBerry ( BBRY ) CEO Thorsten Heins would draw $55.6 million if the company were sold, Bloomberg reports. BBRY shares are up 1% at $11.07.
Finally, Alliance Fiber Optic Products Inc. ( AFOP ) late yesterday said its board of directors has approved a 2-for-1 stock split of the company's Common Stock in the form of a 100% common stock dividend. Shareholders of record as of the close of business August 30, 2013, will receive one additional share of AFOP common stock for each share then owned. Shares issued pursuant to the stock split will be issued on September 16, 2013.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last night Dell reported a Q2 EPS of $0.25, up from the $0.24 per share analysts expected. Dell ( DELL ) shares are up 0.2% at $13.73 as Carl Icahn and Michael Dell ready for a court hearing to determine whether to fast-track Icahn's lawsuit for control of the firm. GOOG: flat Technology shares are mixed pre-bell trading.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dell ( DELL ) shares are up 0.2% at $13.73 as Carl Icahn and Michael Dell ready for a court hearing to determine whether to fast-track Icahn's lawsuit for control of the firm. Last night Dell reported a Q2 EPS of $0.25, up from the $0.24 per share analysts expected.
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Dell ( DELL ) shares are up 0.2% at $13.73 as Carl Icahn and Michael Dell ready for a court hearing to determine whether to fast-track Icahn's lawsuit for control of the firm. Last night Dell reported a Q2 EPS of $0.25, up from the $0.24 per share analysts expected. Finally, Alliance Fiber Optic Products Inc. ( AFOP ) late yesterday said its board of directors has approved a 2-for-1 stock split of the company's Common Stock in the form of a 100% common stock dividend.
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Last night Dell reported a Q2 EPS of $0.25, up from the $0.24 per share analysts expected. Dell ( DELL ) shares are up 0.2% at $13.73 as Carl Icahn and Michael Dell ready for a court hearing to determine whether to fast-track Icahn's lawsuit for control of the firm. Top Technology Stocks: MSFT: flat
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f36ab986-890c-4307-a3bb-b0e758b8d707
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726376.0
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2013-08-16 00:00:00 UTC
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Dell Beats on Q2 Earnings & Revenues - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-beats-on-q2-earnings-revenues-analyst-blog-2013-08-16
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nan
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nan
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Dell Inc.(DELL) reported second-quarter 2014 non-GAAP earnings of 25 cents per share, which slivered past the Zacks Consensus Estimate by a penny. On a year-over-year basis, earnings slumped from 50 cents.
Revenues
Although revenues of $14.5 billion for the quarter remained flat on a year-over-year basis, it beat the Zacks Consensus Estimate of $14.1 billion. Sequentially, revenues increased 3%. The company reported year-over-year decline in product revenues (down 1%), which was offset by a 4% increase in the services revenues.
On the basis of operating segments, Dell's Enterprise Solutions Group revenues increased 8% to $3.3 billion, primarily boosted by the 10% increase in its server and networking revenues and a 19.0% increase in Dell networking revenues. These increases more than offset the 7% decrease in Dell's storage revenues.
Dell Services witnessed a revenue growth of 2.0% and reached $2.1 billion, primarily boosted by a 3.0% increase in Support and Deployment revenues and 5% revenue jump from infrastructure, cloud and security services, which more than offset the 6.0% decrease in revenues from Applications and Business Process services.
Dell Software generated revenues of $310.0 million. The End User Computing segment revenues were $9.1 billion, declining 5.0% on a year-over-year basis, primarily due to a 5.0% revenue decline in peripherals and third-party software revenues and 10% decline in mobility segment revenues. However, Dell desktop and thin client revenues were up a marginal 1%.
Operating Results
Dell's non-GAAP gross profit was down 13.0% from the year-ago quarter to $2.84 billion and margins contracted 300 basis points (bps) to 19.6% on a year-over-year basis, primarily due to tepid revenue growth.
Non-GAAP operating expenses were up 4% from the year-ago quarter to $2.24 billion. As a percentage of revenues, operating expenses expanded 60 bps during the same period.
Increase in operating expenses negatively impacted operating income for the quarter. Operating income (non-GAAP) decreased 46% from the year-ago quarter to $602.0 million or 4.1% of revenues.
Dell's non-GAAP (excluding amortization of intangibles, severance and facility consolidation cost, acquisition-related costs) net income came in at $433.0 million or 25 cents per share, which nearly halved from $875.0 million or 50 cents reported in the year-ago quarter.
Balance Sheet & Cash Flow
The company exited the quarter with cash and cash equivalents and short-term investments of $11.8 billion, up from $10.9 billion reported in the previous quarter. Dell's long-term debt stood at $4.08 billion, down from $4.12 billion in the previous quarter. The company reported $1.68 billion in cash from operations.
Conclusion
Dell reported a tepid second quarter although it beat the Zacks Consensus Estimate on both fronts. Margins were negatively impacted by sluggish revenues and higher expenses. Moreover, due to the impending decision on privatization, the company did not provide any outlook.
Moreover, the company is up against cutthroat competition from Hewlett-Packard ( HPQ ), low business growth in Europe and a restricted spending environment. The competition faced by the company in the Small & Medium Business (SMB) and server segments is also a concern.
However, Dell is exploring other markets and business segments. Moreover, the company is expanding its business across different geographical regions.
Currently, Dell has a Zacks Rank #3 (Hold). Investors can consider other stocks in the technology space such as SanDisk Corp ( SNDK ) and Quantum Corp ( QTM ). Both the companies carry a Zacks Rank #1 (Strong Buy).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
QUANTUM CP-DSSG (QTM): Free Stock Analysis Report
SANDISK CORP (SNDK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Conclusion Dell reported a tepid second quarter although it beat the Zacks Consensus Estimate on both fronts. Dell Inc.(DELL) reported second-quarter 2014 non-GAAP earnings of 25 cents per share, which slivered past the Zacks Consensus Estimate by a penny. On the basis of operating segments, Dell's Enterprise Solutions Group revenues increased 8% to $3.3 billion, primarily boosted by the 10% increase in its server and networking revenues and a 19.0% increase in Dell networking revenues.
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On the basis of operating segments, Dell's Enterprise Solutions Group revenues increased 8% to $3.3 billion, primarily boosted by the 10% increase in its server and networking revenues and a 19.0% increase in Dell networking revenues. Operating Results Dell's non-GAAP gross profit was down 13.0% from the year-ago quarter to $2.84 billion and margins contracted 300 basis points (bps) to 19.6% on a year-over-year basis, primarily due to tepid revenue growth. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report QUANTUM CP-DSSG (QTM): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here.
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On the basis of operating segments, Dell's Enterprise Solutions Group revenues increased 8% to $3.3 billion, primarily boosted by the 10% increase in its server and networking revenues and a 19.0% increase in Dell networking revenues. Dell Services witnessed a revenue growth of 2.0% and reached $2.1 billion, primarily boosted by a 3.0% increase in Support and Deployment revenues and 5% revenue jump from infrastructure, cloud and security services, which more than offset the 6.0% decrease in revenues from Applications and Business Process services. Dell Inc.(DELL) reported second-quarter 2014 non-GAAP earnings of 25 cents per share, which slivered past the Zacks Consensus Estimate by a penny.
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Operating Results Dell's non-GAAP gross profit was down 13.0% from the year-ago quarter to $2.84 billion and margins contracted 300 basis points (bps) to 19.6% on a year-over-year basis, primarily due to tepid revenue growth. Dell Inc.(DELL) reported second-quarter 2014 non-GAAP earnings of 25 cents per share, which slivered past the Zacks Consensus Estimate by a penny. On the basis of operating segments, Dell's Enterprise Solutions Group revenues increased 8% to $3.3 billion, primarily boosted by the 10% increase in its server and networking revenues and a 19.0% increase in Dell networking revenues.
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84d30a59-c076-427c-9e54-2e44b6443018
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726377.0
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2013-08-16 00:00:00 UTC
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Pre-Market Primer: Dell Profit Plummets; Housing Starts Rise
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-dell-profit-plummets-housing-starts-rise-2013-08-16
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nan
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nan
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Stock futures indicate that the major indices might rebound slightly after yesterday's huge losses as labor costs and housing starts rose.
A report on housing starts this morning showed that builders broke ground on homes at an annualized rate of 896,000 homes in July, up 5.9% from 846,000 in June. This was largely in line with economists' expectations.
Second quarter non-farm productivity and labor costs both rose more than expected. Productivity is up 0.9% after falling 1.7% in the first quarter while unit labor costs rose 1.4% after falling 4.2% in the first three months of the year.
US stock index futures erased only some of yesterday's losses this morning. Dow (INDEXDJX:.DJI) futures were up 0.13% to 15,089 while futures contracts on the S&P 500 (INDEXSP:.INX) rose 0.25% to 1,659.80. Nasdaq (INDEXNASDAQ:.IXIC) futures also gained 0.26% to 3,079.00. Yesterday, the three indices fell 1.47%, 1.4%, and 1.72%, respectively. The markets erased about $100 billion of wealth.
Still to come later this morning is the preliminary report on consumer sentiment from the University of Michigan and Reuters. The index is likely to show that sentiment rose slightly to 85.5 from 85.1 in August.
Overseas stock markets also declined on Friday. The European Union's consumer prices guage showed that the region deflated 0.5% over the course of July, coming in line with the previous estimate. On a yearly basis, prices are 1.6% higher. Such persistently low inflation gives the European Central Bank more leeway in case they opt for even more aggressive monetary stimulus. Europe's trade balance also came out today, showing that imports rose 2.5% over June while exports rose 3%. Imports were 6% lower than in June 2012 and exports were down 3%.
A judge yesterday held off on allowing American Airlines' parent group AMR Corp (OTCMKTS:AAMRQ) from exiting bankruptcy by merging with US Airways ( LCC ) due to opposition from some states and the Department of Justice.
The documents leaked by Edward Snowden that revealed that US tech firms cooperate with America's National Security Agency to allow surveillance of users might cause trouble for those companies abroad. A paper by China's Ministry of Public Security is preparing to investigate security at IBM ( IBM ), Oracle ( ORCL ), and EMC Corp ( EMC ), according to Reuters . China may steer away from awarding contracts to those companies to support critical information infrastructure, much the same way Huawei (SHE:002502) is suspected in the US.
Dell's ( DELL ) net profit plunged 72% due to price cutting in the second fiscal quarter. Revenues were flat from the year earlier at $14.5 billion. Adjusted earnings per share, Dell earned $0.25, beating forecasts by a penny. The crucial PC division saw sales slide 5%. Currently, founder Michael Dell is fighting other investors including Carl Icahn to bring his company private to turn it around without the scrutiny of the public markets.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Currently, founder Michael Dell is fighting other investors including Carl Icahn to bring his company private to turn it around without the scrutiny of the public markets. Dell's ( DELL ) net profit plunged 72% due to price cutting in the second fiscal quarter. Adjusted earnings per share, Dell earned $0.25, beating forecasts by a penny.
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Dell's ( DELL ) net profit plunged 72% due to price cutting in the second fiscal quarter. Adjusted earnings per share, Dell earned $0.25, beating forecasts by a penny. Currently, founder Michael Dell is fighting other investors including Carl Icahn to bring his company private to turn it around without the scrutiny of the public markets.
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Dell's ( DELL ) net profit plunged 72% due to price cutting in the second fiscal quarter. Adjusted earnings per share, Dell earned $0.25, beating forecasts by a penny. Currently, founder Michael Dell is fighting other investors including Carl Icahn to bring his company private to turn it around without the scrutiny of the public markets.
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Dell's ( DELL ) net profit plunged 72% due to price cutting in the second fiscal quarter. Adjusted earnings per share, Dell earned $0.25, beating forecasts by a penny. Currently, founder Michael Dell is fighting other investors including Carl Icahn to bring his company private to turn it around without the scrutiny of the public markets.
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2ab6ca1b-ded2-4b77-a627-977d3fa52b47
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726378.0
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2013-08-16 00:00:00 UTC
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Benzinga Market Primer Friday, August 16
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DELL
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https://www.nasdaq.com/articles/benzinga-market-primer-friday-august-16-2013-08-16
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nan
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nan
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Futures Higher After Tapering Sell-Off
U.S. equity futures rose in early Friday trade after a sell-off on Thursday driven by fears that the Federal Reserve will begin reeling in its asset purchases in September. Also, weak sales guidance from Cisco (NASDAQ: CSCO ) and Wal-Mart (NYSE: WMT ) weighed on sentiment.
Top News
In other news around the markets:
The Shanghai Composite flash spiked overnight on what appears to be a fat finger trade. China's securities regulator has attributed the spike to a firm called Everbright Trading and the firm has asked to cancel trades made during the spike. A 6.8 magnitude earthquake struck just near Wellington, New Zealand overnight. No tsunami warning was issued and there have been no reports of wide-spread injuries. The Eurozone's CPI for July came in exactly in line with expectations with CPI inflation falling 0.5 percent from a month ago and rising 1.6 percent from a year ago. S&P 500 futures rose 1.5 points to 1,657.20. The EUR/USD was lower at 1.3334. Spanish 10-year government bond yields fell 1 basis point to 4.45 percent. Italian 10-year government bond yields fell 1 basis point to 4.24 percent. Gold rose 0.21 percent to $1,363.70 per ounce.
Asian Markets
Asian shares were lower across the board overnight following weakness in the U.S. from Thursday. The Japanese Nikkei 225 Index fell 0.75 percent and the Topix Index declined 0.8 percent. In Hong Kong, the Hang Seng Index fell 0.1 percent while the Shanghai Composite Index closed lower by 0.64 percent in China. Also, the Korean Kospi declined 0.2 percent and Australian shares fell 0.75 percent.
European Markets
European shares were lower as well overnight in thin trading. The Spanish Ibex Index fell 0.21 percent and the Italian FTSE MIB Index declined 0.43 percent. Meanwhile, the German DAX fell 0.39 percent and the French CAC 40 Index declined 0.34 percent while U.K. shares rose 0.19 percent.
Commodities
Commodities were little changed overnight on thin volume. WTI Crude futures fell 0.03 percent to $107.30 per barrel and Brent Crude futures declined 0.06 percent to $109.53 per barrel. Copper futures rose 0.94 percent to $337.20 per pound. Gold was higher and silver futures gained 0.24 percent to $22.99 per ounce.
Currencies
Currency markets were quiet overnight. The EUR/USD was lower at 1.3334 and the dollar gained against the yen. Overall, the Dollar Index rose 0.08 percent on strength against the Canadian dollar, the Swiss franc, the yen, the euro, and the pound.
Earnings Reported Yesterday
Key companies that reported earnings Thursday include:
Dell (NASDAQ: DELL ) reported second quarter EPS of $0.25 vs. $0.24 expected on revenue of $14.5 billion vs. $14.18 billion expected. Wal-Mart (NYSE: WMT ) reported second quarter EPS of $1.25, in line, on revenue of $116.9 billion vs. $119.7 billion expected. The company also cut its full year EPS outlook. Nordstrom (NYSE: JWN ) reported second quarter EPS of $0.93 vs. $0.88 expected on revenue of $3.2 billion vs. $3.29 billion expected. However, the company cut its outlook for the full year. Kohl's (NYSE: KSS ) reported second quarter EPS of $1.04 vs. $1.05 expected on revenue of $4.29 billion vs. $4.3 billion expected. Perigo (NYSE: PRGO ) reported fourth quarter EPS of $1.57 vs. $1.56 expected on revenue of $1.00 billion vs. $831.77 million expected.
Pre-Market Movers
Stocks moving in the pre-market included:
Green Mountain Coffee Roasters (NASDAQ: GMCR ) shares rose 0.23 percent in pre-market trade as the company will be joining the NASDAQ 100 Index replacing Life Technologies (NASDAQ: LIFE ). Nordstrom (NYSE: JWN ) shares fell 2.33 percent pre-market after the company beat EPS estimates but missed revenue estimates and cut guidance for the full year. The company also said that no margin expansion in the next few years. Facebook (NASDAQ: FB ) shares rose 0.98 percent pre-market after the company announced an expansion of its borrowing ability under its credit facility to $6.5 billion from $5.0 billion. The new facility replaces the old one. Joseph A. Bank (NASDAQ: JOSB ) shares fell 6.44 percent pre-market as the company issued a mid-quarter update. The company now sees Q2 EPS $0.49.0.53 vs. $0.68 expected.
Earnings
There are no notable earnings scheduled to be reported Friday.
Economics
On the economics calendar Friday, housing starts, productivity and costs and the Reuters/University of Michigan Consumer Sentiment Index are due out.
Good luck and good trading.
Tune into Benzinga's PreMarket Info show with Dennis Dick and Joel Elconin here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Reported Yesterday Key companies that reported earnings Thursday include: Dell (NASDAQ: DELL ) reported second quarter EPS of $0.25 vs. $0.24 expected on revenue of $14.5 billion vs. $14.18 billion expected. Also, weak sales guidance from Cisco (NASDAQ: CSCO ) and Wal-Mart (NYSE: WMT ) weighed on sentiment. Bank (NASDAQ: JOSB ) shares fell 6.44 percent pre-market as the company issued a mid-quarter update.
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Earnings Reported Yesterday Key companies that reported earnings Thursday include: Dell (NASDAQ: DELL ) reported second quarter EPS of $0.25 vs. $0.24 expected on revenue of $14.5 billion vs. $14.18 billion expected. Nordstrom (NYSE: JWN ) reported second quarter EPS of $0.93 vs. $0.88 expected on revenue of $3.2 billion vs. $3.29 billion expected. Nordstrom (NYSE: JWN ) shares fell 2.33 percent pre-market after the company beat EPS estimates but missed revenue estimates and cut guidance for the full year.
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Earnings Reported Yesterday Key companies that reported earnings Thursday include: Dell (NASDAQ: DELL ) reported second quarter EPS of $0.25 vs. $0.24 expected on revenue of $14.5 billion vs. $14.18 billion expected. Meanwhile, the German DAX fell 0.39 percent and the French CAC 40 Index declined 0.34 percent while U.K. shares rose 0.19 percent. Pre-Market Movers Stocks moving in the pre-market included: Green Mountain Coffee Roasters (NASDAQ: GMCR ) shares rose 0.23 percent in pre-market trade as the company will be joining the NASDAQ 100 Index replacing Life Technologies (NASDAQ: LIFE ).
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Earnings Reported Yesterday Key companies that reported earnings Thursday include: Dell (NASDAQ: DELL ) reported second quarter EPS of $0.25 vs. $0.24 expected on revenue of $14.5 billion vs. $14.18 billion expected. European Markets European shares were lower as well overnight in thin trading. Wal-Mart (NYSE: WMT ) reported second quarter EPS of $1.25, in line, on revenue of $116.9 billion vs. $119.7 billion expected.
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70272b05-61fc-4c90-ad77-3a2bdc030c9d
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726379.0
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2013-08-16 00:00:00 UTC
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Carl Icahn's Top 3 Second Quarter Portfolio Increases
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DELL
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https://www.nasdaq.com/articles/carl-icahns-top-3-second-quarter-portfolio-increases-2013-08-16
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nan
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nan
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Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one.
As of the close of the second quarter, Carl Icahn held 19 stocks valued at $21.516 billion.
[size=13px; ]Increases: DELL, NUAN, CVRR, RIG, HLF, IEP[/size]
Dell Inc. ( DELL )
Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell . The guru made his largest increase of the quarter in Dell, upping his position by 2078.27%. During the second quarter Icahn purchased 145,478,650 shares in the price range of $13.09 to $14.32, with an estimated average price of $13.54. The share price has increased approximately 1.3% since then.
Icahn currently holds 156,478,650 shares of Dell, representing 8.96% of the company's shares outstanding and 9.5% of his total portfolio.
Icahn's holding history as of the second quarter:
The company offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs.
Dell's historical revenue and net income:
The Peter Lynch Chart suggests that Dell is currently undervalued :
Dell has a market cap of $24.28 billion. Its shares are currently trading at around $13.82 with a P/E ratio of 13.00, a P/S ratio of 0.40 and a P/B ratio of 2.20. Dell has the business predictability rank of 3-star.
Nuance Communications ( NUAN )
During the second quarter Icahn upped his stake in Nuance by 727.59%. Icahn purchased these shares in the second quarter price range of $18.12 to $23.30, with an estimated average price of $19.68. The price per share has dropped approximately 3%.
Icahn now holds 50,940,395 shares of Nuance, representing 16.11% of the company's shares outstanding and 2.7% of his total portfolio.
Icahn's holding history as of the second quarter:
The company is a provider of voice and language solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems.
Nuance's historical revenue and net income:
Nuance Communications has a market cap of $5.91 billion. Its shares are currently trading at around $19.04 with a P/E ratio of 173.20, a P/S ratio of 3.30 and a P/B ratio of 2.30. The company had an annual average earnings growth of 23.1% over the past ten years.
GuruFocus rated the business predictability rank of 3.5-star.
CVR Refining ( CVRR )
During the second quarter Icahn increased his position in CVR Refining by 50%. The guru purchased 2 million shares at an estimated average quarterly price of $31.09. The price per share has dropped approximately -14.1% since then.
As of the second quarter, Icahn held 6 million shares of CVR Refining, representing 4.07% of the company's shares outstanding and 0.84% of his total portfolio.
Icahn's holding history as of the second quarter:
CVR Refining is an independent downstream energy company with crude oil refining, gathering and refined petroleum product marketing operations located in the Midwest.
CVR Refining's historical revenue and net income:
CVR Refining has a market cap of $3.94 billion. Its shares are currently trading at around $26.70 with a P/S ratio of 0.90, a P/E ratio of 7.30 and a P/B ratio of 2.20.
Check out Carl Icahn's current portfolio here.
Try a free 7-day premium membership here. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one. [size=13px; ]Increases: DELL, NUAN, CVRR, RIG, HLF, IEP[/size] Dell Inc. ( DELL ) Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell . The guru made his largest increase of the quarter in Dell, upping his position by 2078.27%.
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Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one. [size=13px; ]Increases: DELL, NUAN, CVRR, RIG, HLF, IEP[/size] Dell Inc. ( DELL ) Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell . The guru made his largest increase of the quarter in Dell, upping his position by 2078.27%.
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[size=13px; ]Increases: DELL, NUAN, CVRR, RIG, HLF, IEP[/size] Dell Inc. ( DELL ) Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell . Icahn currently holds 156,478,650 shares of Dell, representing 8.96% of the company's shares outstanding and 9.5% of his total portfolio. Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one.
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Activist investor Carl Icahn spent most of his second quarter increasing his position in Dell, but the guru also increased his position in five other companies and significantly reduced his position in one. [size=13px; ]Increases: DELL, NUAN, CVRR, RIG, HLF, IEP[/size] Dell Inc. ( DELL ) Icahn has been very vocal in his desire to take Dell away from its CEO and Founder, Michael Dell . The guru made his largest increase of the quarter in Dell, upping his position by 2078.27%.
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28699048-b779-4cb9-b31b-2fcefd49a46b
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726380.0
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2013-08-16 00:00:00 UTC
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After Hours Most Active for Aug 16, 2013 : BAC, SNV, QQQ, QCOM, PGR, SE, RSG, FE, VRTX, DELL, GILD, CA
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-aug-16-2013-bac-snv-qqq-qcom-pgr-se-rsg-fe-vrtx-dell-gild-ca-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .15 to 3,074.06. The total After hours volume is currently 29,933,182 shares traded.
The following are the most active stocks for the after hours session :
Bank of America Corporation ( BAC ) is +0.02 at $14.44, with 19,793,874 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.29. BAC's current last sale is 101.33% of the target price of $14.25.
Synovus Financial Corp. ( SNV ) is unchanged at $3.44, with 7,883,804 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.04. SNV's current last sale is 114.67% of the target price of $3.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.1 at $75.36, with 2,139,378 shares traded. This represents a 22.92% increase from its 52 Week Low.
QUALCOMM Incorporated ( QCOM ) is +0.03 at $66.93, with 1,837,188 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.96. As reported by Zacks, the current mean recommendation for QCOM is in the "buy range".
Progressive Corporation (The) ( PGR ) is unchanged at $25.14, with 1,802,016 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.34. PGR's current last sale is 98.59% of the target price of $25.5.
Spectra Energy Corp ( SE ) is +0.0034 at $33.54, with 1,407,555 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.31. As reported by Zacks, the current mean recommendation for SE is in the "buy range".
Republic Services, Inc. ( RSG ) is unchanged at $33.49, with 1,247,083 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.47. As reported by Zacks, the current mean recommendation for RSG is in the "buy range".
FirstEnergy Corporation ( FE ) is +0.0854 at $36.90, with 1,031,760 shares traded. FE's current last sale is 89.99% of the target price of $41.
Vertex Pharmaceuticals Incorporated ( VRTX ) is -0.066 at $76.44, with 887,894 shares traded. As reported by Zacks, the current mean recommendation for VRTX is in the "buy range".
Dell Inc. ( DELL ) is unchanged at $13.82, with 831,572 shares traded. DELL's current last sale is 101.25% of the target price of $13.65.
Gilead Sciences, Inc. ( GILD ) is unchanged at $56.91, with 399,352 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.49. As reported by Zacks, the current mean recommendation for GILD is in the "buy range".
CA Inc. ( CA ) is -0.005 at $30.54, with 371,230 shares traded. CA's current last sale is 115.25% of the target price of $26.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is unchanged at $13.82, with 831,572 shares traded. DELL's current last sale is 101.25% of the target price of $13.65. The following are the most active stocks for the after hours session : Bank of America Corporation ( BAC ) is +0.02 at $14.44, with 19,793,874 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.82, with 831,572 shares traded. DELL's current last sale is 101.25% of the target price of $13.65. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013.
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Dell Inc. ( DELL ) is unchanged at $13.82, with 831,572 shares traded. DELL's current last sale is 101.25% of the target price of $13.65. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013.
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Dell Inc. ( DELL ) is unchanged at $13.82, with 831,572 shares traded. DELL's current last sale is 101.25% of the target price of $13.65. The NASDAQ 100 After Hours Indicator is up .15 to 3,074.06.
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718cc58d-e884-4226-b0d2-ac3267a54827
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726381.0
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2013-08-16 00:00:00 UTC
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Sector Update: Technology
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DELL
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https://www.nasdaq.com/articles/sector-update-technology-2013-08-16
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nan
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nan
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Technology stocks are little changed this afternoon with shares of technology companies in the S&P 500 currently up about 0.1%.
In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners.
Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company.
If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
In other sector news,
(+) AZPN, Fiscal Q4 EPS of $0.24 beats by $0.16 per share. Revenue climbs 30.2% over year-ago quarter to $83.3 mln, topping the consesus view by $4.42 mln.
(-) PXLW, Video and display processing company announces plans to offer a yet-to-be-determined number of shares in a registered public offering of its common stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
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Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
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26fe2c2d-ab1f-484a-a14b-f6309adea5e6
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726382.0
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2013-08-16 00:00:00 UTC
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Buzz on the Street: The Bears Take a Stronger Hold of the Market
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DELL
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https://www.nasdaq.com/articles/buzz-street-bears-take-stronger-hold-market-2013-08-16
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nan
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nan
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All day and every day, some of the stock market's best and brightest traders and money managers share their ideas, insights, and analysis in real-time on Minyanville's Buzz & Banter.
Here is a small sampling of this week's activity in the Buzz.
Monday,August 12, 2013
GLD Following Through to Upside
Jeff Cooper
Click to enlarge
In keeping with our morning note that a bullish 'hook' had been put in, SPDR Gold Trust (NYSEARCA:GLD) held the upside breakout on Friday and is following through with a large continuation gap.
Friday looks like a Pause Day following Thursday's thrust - an overall TNT pattern (Thrust, Pause, Thrust).
Click to enlarge
Today's outsized gap is over the 50-day and is threatening at least 2 key bullish technicals:
A stab through the lateral 130 key resistance and prior breakdown line from June
An offsetting of the gap on June 30th.
Also, declining trendlines shown in this space last week are being snapped.
Random Sniffage
Michael Sedacca
I was finally impacted by the CBS ( CBS ) and Time Warner Cable ( TWC ) dispute and continuing blackout when I tried watching the PGA Championship. That stunk. CBS said on Friday that total viewership is only down 0.2% W/W from before the blackout and that it has had a minimal impact on its ratings. This means that not a lot of Time Warner Cable's 14.6 million cable customers are watching CBS owned channels (which include Showtime, so I found out).
Natty is on a tear to the upside today and is making continued bullish movement, but the rest of the technicals remain bearish from a longer-term view. The trend remains down, and at the very least, we need to see a recapture of the upper rail of the downward channel that on May 28.
Click to enlarge
On the other hand, crude failed right at the 61.8% retrace, which the bears needed to happen. Net-long positioning in the weekly COT report was only reduced marginally by 5.4K contracts to +357.52K , representative by a few shorts being added. So that downside catalyst remains.
For rates, the 5-year yield has now flipped into a bullish trend, though the 10-year and 30-year remain neutral and very close to turning positive. They had all been in a bearish trend since the second week of May. Positioning remains more neutral via the JPM survey, SMR survey, and COT futures, so upside catalysts are possible there. Using the long bond future (US1) as an example, open interest has declined to 580K contracts from a peak of 744K contracts in early May. For this morning's action, we saw strong buying show up at the NY open, and that has now gotten flipped back at higher prices. Demand during the NY sessions has been stronger than the Asian sessions, for what its worth.
Equity breadth after the first 30 minutes was almost exactly 1:1 neutral for NYSE all securities. After the first 60 minutes, this was relatively unchanged with a tiny amount of decliners added.
While looking through positioning charts, I re-stumbled across the net-long positioning of speculators in S&P 500 futures, and it looks like another bearish divergence from the prior market highs. Net longs decreased to +97.4K, with longs being reduced by 40.5K contracts. Shorts increased by 40.97K. See it below.
Click to enlarge
Apple Vs. Gold: Parallel Bull Market Structures
Andrew Nyquist
Applevs. Gold . Got your attention? Okay, I'm having a little bit of fun here. But really, there is a rhyme and reason to time and price and to how investors herd to a particular stock, commodity, or trend. A look at a chart of Apple ( AAPL ) vs. gold highlights the parallel bull market structures… and declines.
Click to enlarge
Investor psychology is reflected through price movement and is a big reason why I am a proponent of technical analysis. Support, resistance, trend following and exuberance.
Trade safe. Trade disciplined.
Tuesday,August 13, 2013
Divergences
Jeff Saut
Click to enlarge
I hate to sound like a broken record, especially since the downside move I have envisioned has yet to materialize. I will, however, say that the stock market's upside momentum has waned since my July 19 timing date even if prices have not gone down. Still, the weight of the evidence suggests this is not a time to be playing very hard with stocks as the divergences continue to mount. Yesterday, the astute Jason Goepfert wrote, "Despite the fact that most broad-based stock indexes are hovering near new highs, 'sentiment' has deteriorated, forming a kind of negative divergence (see chart)." This is what happened right before May 22. Jason goes on to note that the Option Speculation Index is flashing cautionary signals as well. Similarly, when I run many of my indicators, they show the same kind of negative divergences. For example, the credit spread between "junk" bonds and Treasuries failed to make a new high. In the past that divergence has been a cause for pause. Then too, the number of stocks in uptrends is declining, yet another negative divergence. And while in the past the Hindenburg Omen Indicator has not worked all that well, when it does work, it is impactful. Recall a Hindenburg Omen is registered when: 1) the daily number of NYSE new 52-week highs and the daily number of new 52-week lows are both greater than or equal to 2.8 percent; 2) the NYSE index is greater in value than it was 50 trading days ago; 3) the McClellan Oscillator is negative on the same day; and 4) new 52-week highs cannot be more than twice the new 52-week lows. All of those metrics occurred last week. If the Hindenburg works, we should see the Dow Diamonds (NYSEARCA:DIA/154.03) close below 154 followed by a break by the S&P 500 (INDEXSP:.INX/1689.47) below 1684.
While stocks are not going down, they are not really going up either. The sideways action has caused my phone to light up with the question, "Jeff, are you softening your downside call?" So far my answer has been, "No!" Our financial advisors have been getting questions too. The question du jour is, "Okay, we raised some cash, but the downside did not show up. Isn't it time to put that money back to work?" Of course, in most cases these are the same folks who didn't want to buy stocks on the back-to-back Upside Volume Days of 12-31-12 and 1-2-13 that kicked this buying stampede off. This morning, however, they are right with the pre-opening futures up on hints of stronger economic data on both sides of the Atlantic.
Getting Long BBRY
Andrew Keene
BlackBerry ( BBRY ), which has fallen over 95% from its all-time stock price high of over $230 about six years ago, has recently been making rapid rebounds in the market after news that CEO Thorsten Heins might be taking the company private. Prices spiked upwards about 7% to $10.42 this morning on positive speculation from reports that Heins wants to get out of the public spectrum and allow BlackBerry to catch its breathe. The company has not yet begun its search for prospective buyers, and BlackBerry is quite an unattractive prize for any enterprise interested given its 13% stock price drop YTD, EPS of -0.41, and steep loss of subscribing customers. However, there are other enterprises like Silver Lake and CPPIB that have shown some interest in the failing mobile network provider.
Analysts project that if Silver Lake is successful in taking Dell ( DELL ) private, it may become partners with BlackBerry as well. Dell has struggled with the changes in the technology industry, from desktops to mobile devices. A pooling of the companies' efforts and resources could solve their problems. Another interested suitor, Canada Pension Plan Investment Board, said it would consider purchasing BlackBerry if the company went private. No buyout offers or negotiations have been made yet.
To widen its arsenal of assets, BlackBerry announced today that it created a strategic operations committee in charge of both bolstering sales for its newest BlackBerry 10 smartphone and seeking possible partnerships or joint ventures to counter the ferocious competition from companies like Apple and Samsung (KRX:005935). Timothy Dattels, chairman of the committee, said:
Heins, who will also serve on the special board, stated, "We will do our homework and assess what we think is best for the company and then we will have discussions and they will either yield partnerships, alliances or not." He went on to say that in the meantime, the rest of BlackBerry will continue its original plan to reduce costs and take advantage of the opportunities that arise.
In the midst of restructuring its marketing strategies, BlackBerry has also decided to reevaluate its operating infrastructure, putting the company in a very precarious situation. A report by CBC news found that BlackBerry not only fired 250 employees who were stationed at a test facility in Waterloo but also got rid of three crucial veteran executives: global manufacturing and supply chain senior vice president Carmine Arabia, corporate information technology vice president Doug Kozak, and service operations vice president Graeme Whittington. Rebecca Freiburger. A spokeswoman for BlackBerry, stated, "We are in the second phase of our transformation plan where we will be assessing our organization - from top to bottom - to ensure we have the right people in the right roles with the right skill sets to drive new opportunities in mobile computing." No news is available for how many other jobs BlackBerry plans to cut this time around, though not all sectors within the company are necessarily involved in the restructuring program.
Prem Wasta, BlackBerry's biggest investor, announced today that he is also leaving the company "due to potential conflicts that may arise" while taking the enterprise private. He still supports Heins in his efforts to redirect BlackBerry's momentum, though he speculates it will take some time before the company starts seeing major gains again.
Though the company has experienced heavy losses, BlackBerry will not "go gently into that good night." The latest developments in its fight to stay afloat include authorization from the Defense Information System Agency (DISA) to operate as a mobile network provider on the U.S. Department of Defense's broadband. DISA plans to incorporate 10,000 BlackBerry 10 smartphones into its network this fall and add another 30,000 by year end. To be authorized by the DoD is an impressive achievement that involves meeting incredibly strict security standards, which BlackBerry has been very familiar since its network normally deals with managing private corporate information. With news of the approval, Scott Totzke, Senior Vice President of BlackBerry Security Group, stated, "Being the first smartphones to be supported on U.S. Department of Defense networks further establishes BlackBerry's proven and validated security model. With foreign entities - governmental and criminal - ramping up attacks on electronic communications and information systems, BlackBerry provides government agencies with a proven partner that follows top-to-bottom security protocols."
Investors will surely keep an eye out for Blackberry's activity in the near future. Meanwhile, the company's stock continues to hover around $10.35, up 6% for the day and trading at the highest prices in the past 30 days.
Where there is smoke, there is fire. I think that BlackBerry has more upside potential, but I always want to define my risk vs reward. This is a longer term play in BlackBerry, but if it breaks to the upside, then this trade has a potential reward-to-risk ratio of 3 to 1.
My Trade : Buying the BBRY Jan 13-16 Call Spread for $.70
My Risk: $70 per 1 lot
My Reward: $230 per 1 lot
Reward vs. Risk: 3-1
Exit Strategy: I will look to sell 50% of the Spread if the position doubles and hold the balance until Expiration
Boring Is The New Black
Peter Atwater
This morning's WSJ has a great article on the proliferation of "safe" bank CEO's in the aftermath of the banking crisis. Read the article here .
As I discussed last week at TEDx Wilmington, changes in confidence alter our preferences and actions. When confidence is low we choose safe, whether we are alone, in the boardroom, or among other banking regulators. That financial institutions are picking boring executives at the same time they are selling off their far flung global operations, boosting risk management departments, and experiencing weak loan growth all fits together. Confidence doesn't affect just one aspect of behavior, it impacts everything - and simultaneously too.
Wednesday, August 14, 2013
Yes, i-Cahn!
Todd Harrison
Ducking in and out of meetings yesterday afternoon, I blinked twice when I saw the Apple "news" that Carl Icahn bought a large position in the stock -- and then took to Twitter to 'talk it up.'
The SEC ruled that social media is an acceptable medium for company announcements in April, 2013. Still, yesterday's events felt a world away from when the SEC warnedNetflix (NFLX) CEO Reed Hastings about posting his prognostications on Facebook (FB) last December.
Is social media, and the ways in which we communicate, moving that fast? Evidently, the answer is a resounding yes.
To be sure, other high profile investors have posited their positioning on Twitter - Bill Gross at PIMCO comes to mind. But at what point have we jumped the proverbial shark?
With HFT to the left of us and social media disclosures to the right, the investing process is morphing at warp speed. As Josh Brown eloquently observed yesterday- on Twitter, of course -"Apple adds $20 billion in market cap, or Chipolte + Under Armor, on a pair of tweets from Carl Icahn. Baller."
I won't take the other side of that statement -- Carl Icahn is a baller -- but we've seemingly entered into a new realm in the investing landscape, a social sphere situated somewhere between "Pump & Dump" and "Post & Boast." Mr. Icahn's 52,000+ Twitter followers got a gift -- or at least a first-mover advantage -- as the rest of the global financial marketplace, many of whom are not on Twitter, were left to play catch-up
And you wonder why mainstream America thinks they're at a disadvantage .
I have no horse in the Apple race. I had a level I was looking at, but it never got there and my greatest cost was one of opportunity. If nothing else, however, yesterday's sequence served to fortify the frustration felt by investors who feel the investing process is unnatural -- and yes, in the words of Stan Druckenmiller , "rigged."
R.P.
T-Report: Worst Volume Day for CDS Ever
Peter Tchir
Zero Volume
The IG CDX Indices had their lowest volume of the year yesterday as far as I can tell.
Only $2.5 billion of IG Indices traded, and IG20 barely topped $2 billion. That used to be a couple of big trades.
HY20, the on the run CDX volume got to only $665 million. iShares High Yield Corporate Bond (NYSEARCA: HYG) and SPDR Barclays Capital High Yield Bond ETF (NYSEARCA:JNK) combined for almost $500 million of volume (though over 70% of the volume was in HYG). While high-yield CDS remains the hedge of choice, two things are clear:
The ETF's are becoming as big or a bigger technical factor in high yield as CDS.
No one is hedging.
Other low volume points had been April 29 and July 15. While low volumes in April preceded the first big bond scare and spread widening, the low volumes of middle July preceded a gap tighter. So I am not sure that low volumes are indicative of anything other than apathy.
Name That Move
Not that 10 points is a big move given the outright level of the S&P 500, but it is big enough that I would like to be able to explain them.
S&P Futures for Past 2 Days
Click to enlarge
I would like to say that spike up was due to lower inflation data, the drop was because of a weak auction, and the bump was good earnings.
I am sure if I tried hard I could attribute each of the moves to something, but it feels like I would have to try hard. Normally it is pretty obvious to me why the market did something (in hindsight). Whether you agree with the move or not, it is relatively easy to pinpoint. Yet another sign of apathy?
A Random Crawl Down Wall Street
So little is going on that to call this a random walk down Wall Street would be doing the phrase injustice. There really seems to be a tone of apathy.
Relatively few people want to discuss "taper". Fewer still want to examine whether "tapering" will impact the equity market. In theory, QE supports the economy (good for equities and bad for bonds), and over the past few months, the monthly $85 billion of Fed money seems to eventually find its way into stocks rather than bonds.
For now the "meme" is that the Fed will only taper because the economy is doing so well and that they will time it perfectly so growth continues without fed support. That Higher interest rates are not a drag. That the Fed times things perfectly, and their growth projections make sense. I have far less faith in the Fed and far less faith in the growth story.
Bunds Finally Crack
Ten-year Bund yields moved 8 bps higher. At the same time, Spanish and Italian bond yields moved a bit lower. This is a very bullish spread tightening.
We are starting to focus on Europe again as we near the one and only German debate on September 1. That will be a key date as we will get a sense of whether an "anti-Europe" faction will develop or not.
The popular view seems to be that the German elections and election results will usher in a new wave of the European financial crisis. I'm not so sure. It could happen, but several factors are at play that may make it less of a risk than many think.
We will take a closer look at Europe over the coming days, but for now, we continue to dislike bunds. We also think the most likely case for sustained U.S. growth will come from a rebound in Europe. That isn't our base case for the European outlook, but it is an important factor in our analysis. We find few compelling growth stories in the U.S. without a rebound in Europe, and by compelling, I mean +2.5% GDP or more.
Silver Gains on Gold
Christopher Witrak
Between gold and silver, silver has had a rougher year despite gold stealing all the attention. The white metal, though, has outperformed the yellow metal percentage-wise since both metals' lows. Gold and silver reached their most recent 2013 lows on June 28. Since that date, silver has rebounded about 17% while gold has rebounded about 12.32%.
Since iShares Silver Trust (NYSEARCA:SLV) June 27 low, it has rebounded about 17.8%. GLD has gained about 12.3% since its June 28 low. The charts below show the ratio of SLV to GLD. For perspective, I've included two sets of charts, showing the SLV-GLD ratio constructed both ways.
The shorter-term trend of GLD outperforming SLV has reversed, and the GLD-SLV ratio is nearing an important resistance point from a trend that began at the end of last year at just under 6 . Flipped, the SLV-GLD ratio is nearing resistance at 0.167.
Click to enlarge
Click to enlarge
Silver correlates with gold, and it usually outperforms gold when gold rises and underperforms gold when gold drops. So far, silver's price has exhibited this behavior, and it may be a better play than gold, based upon historical behavior, if gold continues to trend upwards.
Below, see 1-year chart of SLV's and GLD's percent changes.
Thursday, August 15, 2013
When Is Cisco Gonna Pull A Viacom?
Phil Zucchi
A couple of weeks ago, Viacom (VIAB) upped its buyback plans to $20 billion or about HALF of the company's market cap. Looking at Cisco's (CSCO) balance sheet and cash flow, the company has $50 billion of cash on hand vs. $16 billion of debt, and it generated more than $12 billion of free cash flow in the last 12 months. Cisco 7-year bonds trade at a YTM of 2.7%. Cisco could borrow $50 billion, buy back 40% of itself, and be nearly debt free on a net basis 12 months out. Assuming its business stays at current levels, in four years its net cash on the balance sheet would be back roughly to where it is today.
Escaltor up, Elevator Down
Brandon Perry
I have been chatting about things changing and prepping for the breakdown. I reduced exposure, so now, I'm sitting on dry powder. Today, we finally get the breakdown and the confirmed head and shoulders. At this point, we have gone from a trend and momentum market to a traders market, so I'm dusting off the old trading manual and putting the portfolio in the drawer.
Process wise, I look at the market to tell me what the easy trade will be.
On one hand, I am looking at the best short entries. The best short entries would be a rise into 1682 (the old neckline) for a sharp move to the 50-day. Though, I see this as less likely at this point.
Click to enlarge
On the other hand, where are the best long entries for a bounce? There are a couple of gaps below the 50-day moving average that I have marked on the chart. If we get a break of the 50-day, then those quickly become targets, maybe as soon as tomorrow. My old pal NYMO had its breadth rotation tell, and now, he is in full puke mode. Probably going to close the day out around -80 or so. When it gets that low, I look for a long trade. If we get a nasty gap down tomorrow, I will buy it and go fishing. Why go fishing you ask? 1) So I don't sit there at my screen and second guess my way out of the trade. 2) It is dropping into the low 70s in the morning, which would make it gorgeous out on the river tomorrow.
Basically, as I see it, we have some unfinished business around 1680 with a new low for this range coming soon probably in the 1640s or possibly the 50-day moving average.
SLW Emerges from its Apr-Aug Base Formation
Michael Paulenoff
Purely from a pattern perspective, you can see my minimum, optimal, and outlier targets for the upside breakout in Silver Wheaton (SLW) from its April-to-August base pattern.
Only a break that sustains beneath 25.20 will begin to weaken the pattern, while a decline that breaks today's low at 24.31 will neutralize it altogether.
Click to enlarge
Friday, August 16, 2013
The Freaky Friday Level of Lore
Todd Harrison
Check the S&P chart below. As discussed yesterday , there 'was' room to S&P 1650, and we almost got there on the close. The 50-day moving average is in play now (1657) and 'horizontal' support is directly below at 1650.
Expect the bulls to circle their wagons there on a slinky August Friday -- and they should have an opportunity to do so.
R.P.
Beware the Ides of August
Jeff Cooper
My ears are buzzing this morning.
Yesterday, I heard a strategist say that there was no reason to be concerned about a decline here as you don't get trend changes in August. He went on to say August is just 'too thin, not enough conviction.'
Really? What about August 1982, August 1987, August 2000, August 2007, which was the blow-out low prior to the last ditch rip to new highs in October. August 2008 was the pre-crash pivot high.
Beware the Ides of August.
Mood Matters
Peter Atwater
I believe that changes in confidence alter our choices and actions.
In researching confidence, I developed a framework that I call "Horizon Preference," which states that when our confidence level is low, it is all about "me, here, now". When confidence is high, it is all about "us, everywhere, forever". (My book "Moods and Markets" covers this much more thoroughly than I am here.)
What brought this to mind today, was this quote from Der Spiegel regarding Egypt:
Welcome to Egypt under General Abd al-Fattah al-Sissi. The country is so polarized that people are no longer able to feel any empathy whatsoever for others. It is a country in which the smartest and most critically thinking intellectuals are now spewing little more than propaganda, with people on both sides of the deep political divide displaying a penchant for simplification, vilification and agitation. Those who ask critical questions run the risk of being physically attacked, an experience that many foreign journalists have encountered in recent days.
Read the article here .
Talk about a litany of very weak "me, here, now" human behaviors: "polarized", "no longer able to feel any empathy whatsoever for others", "deep political divide" "penchant for simplification, vilification and agitation."
That the Egyptian market has sold off sharply, hardly comes as a surprise. Changes in confidence transcend everything we do.
Disclosure: Minyanville Studios, a division of Minyanville Media, has a business relationship with BlackBerry.
Twitter: @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts project that if Silver Lake is successful in taking Dell ( DELL ) private, it may become partners with BlackBerry as well. Dell has struggled with the changes in the technology industry, from desktops to mobile devices. With foreign entities - governmental and criminal - ramping up attacks on electronic communications and information systems, BlackBerry provides government agencies with a proven partner that follows top-to-bottom security protocols."
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Analysts project that if Silver Lake is successful in taking Dell ( DELL ) private, it may become partners with BlackBerry as well. Dell has struggled with the changes in the technology industry, from desktops to mobile devices. The latest developments in its fight to stay afloat include authorization from the Defense Information System Agency (DISA) to operate as a mobile network provider on the U.S. Department of Defense's broadband.
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Analysts project that if Silver Lake is successful in taking Dell ( DELL ) private, it may become partners with BlackBerry as well. Dell has struggled with the changes in the technology industry, from desktops to mobile devices. Monday,August 12, 2013 GLD Following Through to Upside Jeff Cooper Click to enlarge In keeping with our morning note that a bullish 'hook' had been put in, SPDR Gold Trust (NYSEARCA:GLD) held the upside breakout on Friday and is following through with a large continuation gap.
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Analysts project that if Silver Lake is successful in taking Dell ( DELL ) private, it may become partners with BlackBerry as well. Dell has struggled with the changes in the technology industry, from desktops to mobile devices. Name That Move Not that 10 points is a big move given the outright level of the S&P 500, but it is big enough that I would like to be able to explain them.
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726383.0
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2013-08-16 00:00:00 UTC
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Tech Stocks Little Changed Late; Icahn Loses in Court Fight to Delay Dell Shareholder Vote
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DELL
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https://www.nasdaq.com/articles/tech-stocks-little-changed-late-icahn-loses-court-fight-delay-dell-shareholder-vote-2013
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Top Tech Stocks
MSFT +0.41%
AAPL +0.68%
IBM +0.04%
CSCO -0.61%
GOOG -0.08%
Technology stocks are little changed this afternoon with shares of technology companies in the S&P 500 currently up about 0.1%.
In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners.
Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company.
If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
In other sector news,
(+) AZPN, Fiscal Q4 EPS of $0.24 beats by $0.16 per share. Revenue climbs 30.2% over year-ago quarter to $83.3 mln, topping the consensus view by $4.42 mln.
(-) PXLW, Video and display processing company announces plans to offer a yet-to-be-determined number of shares in a registered public offering of its common stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company.
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In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners. Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports.
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Chancellor Leo Strine all but threw out Icahn's argument the special board committee at the computer-maker unfairly steered shareholders to vote in favor of Dell's buyout offer over a competing proposal by Icahn, who would buy up about 70% of DELL stock, keeping it a public company. If Mr. Icahn wants to beat Mr. Dell and Silver Lake head-to-head, the judge said, he has to top the Dell/Silver Lake bid, according to reports. In company news, Dell ( DELL ) has turned solidly positive this afternoon, climbing nearly 1% to $13.82 after a Delaware court today denied a bid by activist investor Carl Icahn to fast-track his lawsuit looking to delay a scheduled Sept. 12 vote on a buyout and privatization proposal by company founder and CEO Michael Dell and Silver Lake Partners.
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2013-08-14 00:00:00 UTC
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Icahn Grabs Large Stake in Apple - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/icahn-grabs-large-stake-in-apple-analyst-blog-2013-08-14
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nan
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nan
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Carl Icahn, the legendary investor has grabbed a large stake in Apple Inc.(AAPL) after he fought a long battle with Michael Dell to grab a majority stake in the computer maker Dell Inc. (DELL) . This move by Icahn has added to the substantial pressure exerted on Apple by some shareholders to repurchase shares.
Icahn is of the opinion that the Apple stock is currently undervalued, and suggested Tim Cook, CEO of Apple, to buy back additional shares. It can be safely inferred that Icahn is building up his position in large technology companies at a time when stock prices are trading low.
We believe that CEO Cook is facing constant pressure from different investor groups and hedge fund managers, like David Einhorn, to return some cash to investors in the form of share buybacks. The 22% fall in Apple's share price over the past one year has only added to the displeasure of the investors caused by the company's slow growth.
Apple has not yet confirmed the exact size of Icahn's stake, but as per data available from Bloomberg, it is worth more than $1.0 billion. This is less than a quarter of a percentage point of the company's market capitalization of $444.8 billion.
Icahn strengthened his position over the last one month as he foresees a good return from his investment in Apple. He expects the stock to move up as high as $600 and is confident of the current management's capability.
It is to be seen how things shape up in the future for Apple as investors cheered Icahn's move. The company is expected to resume growth with the release of new iPhone and iPad by the end of this year. As per industry sources, Apple is expected to launch the new version of its iPhone on Sep 10, followed by an iPad.
Earlier, Apple succumbed to the pressure created by David Einhorn to start a buyback program. Apple bought back $16.0 billion worth of shares in the recently concluded third quarter. Moreover, the company plans to repurchase $100.0 billion worth of shares by 2015.
In such a scenario, the involvement of a prominent figure like Carl Icahn will put Apple's Board under further pressure. Icahn is known for his aggressive investing style and although his current stake is not of a proportion to make any substantial change in Apple, his presence will keep Tim Cook on his toes.
Icahn is trying to buy technology stocks at the best possible price. Previously, he influenced BEA Systems to sell to Oracle (ORCL) and also made a good attempt to take over Lionsgate. Also, he grabbed 10% stake in Netflix (NFLX) last year, followed by a purchase of 9% stake in Nuance Communications, earlier this year.
While Icahn is making his intentions clear by grabbing controlling stakes in different technology companies, it remains to be seen how Apple handles this delicate situation.
Currently, Apple has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Carl Icahn, the legendary investor has grabbed a large stake in Apple Inc.(AAPL) after he fought a long battle with Michael Dell to grab a majority stake in the computer maker Dell Inc. (DELL) . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. It can be safely inferred that Icahn is building up his position in large technology companies at a time when stock prices are trading low.
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Carl Icahn, the legendary investor has grabbed a large stake in Apple Inc.(AAPL) after he fought a long battle with Michael Dell to grab a majority stake in the computer maker Dell Inc. (DELL) . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Icahn is of the opinion that the Apple stock is currently undervalued, and suggested Tim Cook, CEO of Apple, to buy back additional shares.
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Carl Icahn, the legendary investor has grabbed a large stake in Apple Inc.(AAPL) after he fought a long battle with Michael Dell to grab a majority stake in the computer maker Dell Inc. (DELL) . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Icahn is of the opinion that the Apple stock is currently undervalued, and suggested Tim Cook, CEO of Apple, to buy back additional shares.
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Carl Icahn, the legendary investor has grabbed a large stake in Apple Inc.(AAPL) after he fought a long battle with Michael Dell to grab a majority stake in the computer maker Dell Inc. (DELL) . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Icahn is of the opinion that the Apple stock is currently undervalued, and suggested Tim Cook, CEO of Apple, to buy back additional shares.
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2013-08-13 00:00:00 UTC
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Carl Icahn Buys Large Apple Position, Pressures for Share Buybacks
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DELL
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https://www.nasdaq.com/articles/carl-icahn-buys-large-apple-position-pressures-share-buybacks-2013-08-13
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nan
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At 77, Carl Icahn is proving his savvy with social media. In his 12 total tweets he has used his new Twitter account to report some major events relating to his dealings with Dell ( DELL ) and make other remarks on investing using his own brand of acerbic wit. But today's two tweets made perhaps the biggest splash yet: Reported approximately one hour ago, Icahn has taken a major stake in Apple ( AAPL ) and has been in contact with CEO Tim Cook.
"We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come," he tweeted first.
Two minutes later he followed with: "Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly."
Though the purchase is under the 5% size threshold for reporting details to the SEC, Apple's shares had declined more than 22% from a year ago, until popping 5.47% so far today with Icahn's news. Shares are priced at $492.88 Tuesday, versus a 52-week peak price of $705.07 reached in September.
Apple pricing history:
Some statistics verify Icahn's belief that the company is "extremely undervalued." At 10.14, Apple's P/E ratio is near a 10-year low. And its P/B ratio of 2.95 and P/S ratio of 2.38 are both near their respective five-year low points.
Apple P/E, P/B and P/S ratio history:
GuruFocus' Peter Lynch chart on Apple also indicates that it is undervalued:
Share Buybacks and David Einhorn
Icahn's moves on behalf of shareholders increase pressure Apple has already received from activist investors. Over its history, Apple's share buyback rate has been -1%, lower than 62% of comparable companies. Though growing companies are often not faulted for plowing earnings back into the business rather than dispersing to shareholders, and Cook initiated a $2.65 per-share quarterly dividend in 2012, David Einhorn took issue with Apple's policy last quarter.
Eyeing the more than $55 billion sitting on its balance sheet, Einhorn fought the company until it agreed to return $100 billion and possibly more to shareholders by the end of 2015.
"This vastly more shareholder-friendly capital allocation policy is a dramatic shift from where AAPL stood just a few months ago. We have added to our AAPL position. We now await the release of Apple's next blockbuster product," Einhorn wrote in his first quarter 2013 letter.
In April, Apple also increased the size of its share buyback authorization to $60 billion through year-end 2015, from $10 billion, and increased its quarterly dividend by 15% to $3.05. Apple called the authorization, "the largest single share repurchase authorization in history."
Einhorn kept Apple as his largest holding through the first quarter, increasing the position by 1,090,700 shares. He owned a total of 2,397,706 shares as of the end of the first quarter.
Icahn has recently also been busy with an ongoing campaign against Dell ( DELL ). As he tweeted last week, "We are pleased to have won another battle in the Dell war but the war itself is far from over. More to follow."
For more on Carl Icahn, visit his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Carl Icahn.
Not a GuruFocus Premium Member? Try it for 7 days, free.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In his 12 total tweets he has used his new Twitter account to report some major events relating to his dealings with Dell ( DELL ) and make other remarks on investing using his own brand of acerbic wit. Icahn has recently also been busy with an ongoing campaign against Dell ( DELL ). As he tweeted last week, "We are pleased to have won another battle in the Dell war but the war itself is far from over.
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In his 12 total tweets he has used his new Twitter account to report some major events relating to his dealings with Dell ( DELL ) and make other remarks on investing using his own brand of acerbic wit. Icahn has recently also been busy with an ongoing campaign against Dell ( DELL ). As he tweeted last week, "We are pleased to have won another battle in the Dell war but the war itself is far from over.
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In his 12 total tweets he has used his new Twitter account to report some major events relating to his dealings with Dell ( DELL ) and make other remarks on investing using his own brand of acerbic wit. Icahn has recently also been busy with an ongoing campaign against Dell ( DELL ). As he tweeted last week, "We are pleased to have won another battle in the Dell war but the war itself is far from over.
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In his 12 total tweets he has used his new Twitter account to report some major events relating to his dealings with Dell ( DELL ) and make other remarks on investing using his own brand of acerbic wit. Icahn has recently also been busy with an ongoing campaign against Dell ( DELL ). As he tweeted last week, "We are pleased to have won another battle in the Dell war but the war itself is far from over.
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13f68d78-1d5d-46d8-b72c-457535eaf13a
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726386.0
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2013-08-09 00:00:00 UTC
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Q2 Earnings Season in the Final Stretch - Earnings Preview
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DELL
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https://www.nasdaq.com/articles/q2-earnings-season-final-stretch-earnings-preview-2013-08-09
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nan
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nan
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The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th). We have already seen Q2 reports from 9 of the 16 Zacks sectors, including Finance, Energy, Basic Materials, and Utilities.
This week brings in reports from a total of 126 companies, including 13 S&P 500 members. The Retail sector, which typically has non-calendar quarter ending periods, has the most number of companies still to report Q2 results. In fact, 47% of the S&P 500 companies whose results are still awaited belong to the Retail sector. This week's line-up of reports has a heavy Retail sector representation, with Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ), and Kohl's ( KSS ) reporting results. Other notable companies reporting this week include Cisco ( CSCO ) and Deere ( DE ).
With the bulk of the Q2 earnings season now behind us, we are in a good position to judge the health of corporate earnings.
Looking at the aggregate growth rates, beat ratios, and median surprises, the Q2 earnings season isn't materially different from what we saw in Q1 and over the last few earnings seasons. While we had graded the Q1 earnings season as between 'average' and 'below average', the Q2 earnings season appears to be tracking better than Q1 on improved revenue surprises.
But before buying into the not-so-bad earnings narrative, we should keep in mind that strong numbers from the Finance sector are playing an outsized role in giving respectability to the aggregate earnings picture. One could dispute the legitimacy of the strength in Finance earnings given the not-so-small contribution of reserve releases to the sector's earnings performance. But even keeping this issue aside, there is no dispute about the broad weakness outside of the Finance sector.
Given this broad-based growth weakness, I would give the Q2 earnings season a 'below average' grade, even though total earnings for the quarter will likely reach a new all-time record.
The Q2 Earnings Scorecard
Total earnings for the 451 S&P 500 companies that have reported results already are up +3%, with 66.3% beating earnings expectations and a median surprise of +2.9%. Most of this growth has come from top-line gains, with total revenues for these 451 companies up +2.1% and 55% beating revenue expectations.
The earnings growth rate of +3% compares to +2.6% earnings growth rate in Q1 and the 4-quarter average growth pace of +2.8% for the same set of 451 companies. The earnings beat ratio, which was tracking a bit lower earlier in the reporting cycle, has caught on with historical levels. On the revenue side, the growth of +2.1% compares to +1.9% in Q1 and the 4-quarter average of +2.9% for this group of 451 S&P 500 companies. The revenue beat ratio of 55%, however, is decidedly better than what we saw in Q1 (43.9%) and the 4-quarter average (48.1%).
Strong results from the Finance sector are playing a big role in keeping the aggregate Q2 data in the not-so-bad category. It is very hard to be satisfied with the picture once Finance is excluded from the numbers. With all of the Finance sector's results already in, total earnings for the sector are up +30% on +8.5% higher revenues, with beat ratios of 76.9% for earnings and 65.4% for revenues. Finance's performance has been way better than what we have seen from the group in recent quarters.
Earnings growth was particularly strong at the large national and regional banks, with total earnings at the Major Banks industry, which includes 15 banks like J.P. Morgan ( JPM ), Bank of America ( BAC ), Key Corp ( KEY ) and alone accounts for more than 40% of the sector's total earnings, were up +8.4% from the same period last year. Total earnings for the Major Banks still remained below the group's record tally in Q1. The insurance industry, the second largest contributor to Finance sector earnings, had to deal with tough comparisons, resulting in negative growth in Q2. The brokerage firms benefited from easier comps, with total earnings for the Brokerage/Investment Management industry up +16%.
Not So Good Outside Finance
Strip out Finance from the reports that have come out already and total earnings growth turns negative - down -2.9%. This is weaker than what these same companies reported in Q1. Weakness in the Technology sector spotlights the broad growth challenge outside of Finance, though Basic Materials (total earnings down -11.1%) and Energy (-12.7%) also played roles.
Total earnings for the 87.2% of Tech sector market cap that has reported already are down -10.3% on +1.5% higher revenues, the weakest performance from the sector in a while. Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). The hardware and software industries individually bring in roughly 45% and 35% of the Technology sectors total quarterly earnings. In Q2, the modestly positive growth for the software industry was more than offset by weakness at the hardware vendors, with total earnings for the Computer & Office Equipment industry down -6.2% from the same period last year.
The composite Q2 growth rate, where we combine the results for the 451 that have come out with the 49 still to come, is for +2.6% total earnings growth on +2.2% higher revenues. Excluding Finance, the composite earnings growth rate drops to a decline of -2.8%. Bottom line, the earnings picture outside of Finance is very weak.
High Expectations for Second half & Next year
The predominant negative tone of company guidance has started showing up in expectations for Q3 and the second half of the year. As a result, full-year 2013 earnings growth expectations have come down despite the typical positive earnings season outperformance in Q2. The recent downtrend in estimates notwithstanding, there is still plenty of room for estimates to come down.
The chart below plots the current Q3 and Q4 growth expectations in the context of where growth has been over the last few quarters. The current +2.5% expected growth rate in Q3 is down from +3% last week and +5.2% in early July.
The chart below looks at the same data as is in the chart above, but takes Finance out of the numbers. As you can see, a lot of the expected growth in the second half of the year is from sectors outside of the Finance sector.
Given what we have seen thus far in Q2 and in the last few quarters from sectors outside of Finance (above chart), it doesn't seem reasonable to expect a strong growth ramp up later this year. What this means is that we will see further acceleration in negative estimate revisions in the coming weeks as companies guide lower towards Q3 and beyond.
Monday-8/12
Nothing major on theeconomic calendar
Sysco Corp ( SYY ) is the only major earnings report in the morning, while China's Sina Corp ( SINA ) will report after the close.
Tuesday -8/13
We will get the July Retail Sales numbers in the morning, with expectations +0.4% 'headline' growth.
Valspar ( VAL ) is the only notable report in the morning, while JDS Uniphase ( JDSU ), will report after the close.
Wednesday-8/14
We will get the July PPI in the morning, with expectations of +0.5% increase on the 'headline' and +0.2% on the 'core'.
Deere ( DE ) and Macy's ( M ) are the notable companies reporting in the morning, while Cisco ( CSCO ), Agilent ( A ) and NetApp ( NTAP ) will report after the close.
Zacks Earnings ESP or Expected Surprise Prediction, our proprietary leading indicator of earnings surprises, is showing Deere and Agilent coming out with positive earnings surprrises.
To better understand Zacks ESP report, please click here
For more details on Zacks Earnings ESP, please check this video. Click here .
Thursday -8/15
A busy day on theeconomic calendar as in addition to weekly Jobless Claims, we will get the July Industrial Production and August Philly Fed and Empire State Fed regional Fed surveys. Also coming out is the August homebuilder sentiment survey.
Wal-Mart ( WMT ), Kohl's ( KSS ), Este Lauder ( EL ) are some of the notable names reporting in the morning, while Nordstrom ( JWN ) and Applied Materials ( AMAT ) will report after the close.
Friday-8/16
We will get the July Housing Starts number in the morning, with expectations of strong gains both on Starts as well as permits.
Nothing major on theeconomic calendar
Renesola ( SOL ) is the only notable company reporting results today.
Here is a list of the 126 companies reporting this week, including 13 S&P 500 members.
ADOBE SYSTEMS (ADBE): Free Stock Analysis Report
APPLD MATLS INC (AMAT): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
KEYCORP NEW (KEY): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
VALSPAR CORP (VAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. The earnings beat ratio, which was tracking a bit lower earlier in the reporting cycle, has caught on with historical levels.
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ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). This week's line-up of reports has a heavy Retail sector representation, with Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ), and Kohl's ( KSS ) reporting results.
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ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). The Q2 Earnings Scorecard Total earnings for the 451 S&P 500 companies that have reported results already are up +3%, with 66.3% beating earnings expectations and a median surprise of +2.9%.
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Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the aggregate growth rates, beat ratios, and median surprises, the Q2 earnings season isn't materially different from what we saw in Q1 and over the last few earnings seasons.
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c23753c0-64e6-401b-a5ab-e02bf1db3849
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726387.0
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2013-08-06 00:00:00 UTC
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In Insider Trading, Carl Icahn Raises Stake in Dell, and Softbank Buys Additional Shares of Sprint
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DELL
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https://www.nasdaq.com/articles/insider-trading-carl-icahn-raises-stake-dell-and-softbank-buys-additional-shares-sprint
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nan
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nan
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, August 5, 2013.
Notable Purchases:
The Japanese telecommunications and Internet company Softbank (OTCMKTS:SFTBF) bought 28,808,212 shares of Sprint ( S ) for $187,356,528.
The billionaire activist investor Carl Icahn bought 4 million shares of global information technology company Dell ( DELL ) for $51,760,000.
Gerald Ford, the Director of international mining company Freeport-McMoRan Copper & Gold Inc. ( FCX ), bought 1 million shares of company stock for $29,175,530.
The privately owned hedge fund sponsor Coliseum Capital Management bought 250,000 shares of the manufacturer and supplier of commercial vehicle components Accuride ( ACW ) for $1,250,000.
For more insider trading, see the charts below.
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights :
In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
Jonathan Moreland is also the author of " Profit From Legal Insider Trading."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The billionaire activist investor Carl Icahn bought 4 million shares of global information technology company Dell ( DELL ) for $51,760,000. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, August 5, 2013. Notable Purchases: The Japanese telecommunications and Internet company Softbank (OTCMKTS:SFTBF) bought 28,808,212 shares of Sprint ( S ) for $187,356,528. At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis.
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The billionaire activist investor Carl Icahn bought 4 million shares of global information technology company Dell ( DELL ) for $51,760,000. Gerald Ford, the Director of international mining company Freeport-McMoRan Copper & Gold Inc. ( FCX ), bought 1 million shares of company stock for $29,175,530. Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes An important note from Jonathan Moreland, founder of Insider Insights : In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
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The billionaire activist investor Carl Icahn bought 4 million shares of global information technology company Dell ( DELL ) for $51,760,000. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, August 5, 2013. Notable Purchases: The Japanese telecommunications and Internet company Softbank (OTCMKTS:SFTBF) bought 28,808,212 shares of Sprint ( S ) for $187,356,528. Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes An important note from Jonathan Moreland, founder of Insider Insights : In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
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The billionaire activist investor Carl Icahn bought 4 million shares of global information technology company Dell ( DELL ) for $51,760,000. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, August 5, 2013. Notable Purchases: The Japanese telecommunications and Internet company Softbank (OTCMKTS:SFTBF) bought 28,808,212 shares of Sprint ( S ) for $187,356,528. For more insider trading, see the charts below.
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4a7d726e-8ea0-456a-9b9f-5743368d2ea5
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726388.0
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2013-08-06 00:00:00 UTC
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Pre-Market Most Active for Aug 6, 2013 : NRF, ALU, AEO, KORS, SNE, FB, S, DELL, BBRY, FOSL, TSLA, JASO
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-aug-6-2013-nrf-alu-aeo-kors-sne-fb-s-dell-bbry-fosl-tsla-jaso-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -.83 to 3,142.36. The total Pre-Market volume is currently 14,059,889 shares traded.
The following are the most active stocks for the pre-market session :
Northstar Realty Finance Corp. ( NRF ) is -0.3 at $9.59, with 5,760,679 shares traded. As reported in the last short interest update the days to cover for NRF is 16.408152; this calculation is based on the average trading volume of the stock.
Alcatel Lucent ( ALU ) is +0.03 at $2.66, with 2,743,784 shares traded., following a 52-week high recorded in prior regular session.
American Eagle Outfitters, Inc. ( AEO ) is -3.17 at $16.80, with 1,060,987 shares traded. AEO's current last sale is 70% of the target price of $24.
Michael Kors Holdings Limited ( KORS ) is +4.25 at $72.13, with 686,983 shares traded. RTT News Reports: Michael Kors Q1 Profit Rises - Quick Facts
Sony Corp Ord ( SNE ) is -0.84 at $20.92, with 455,791 shares traded. As reported by Zacks, the current mean recommendation for SNE is in the "strong buy range".
Facebook, Inc. ( FB ) is -0.049 at $39.14, with 385,174 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.13. , following a 52-week high recorded in prior regular session.
Sprint Corporation ( S ) is +0.02 at $6.90, with 307,824 shares traded. S's current last sale is 106.15% of the target price of $6.5.
Dell Inc. ( DELL ) is unchanged at $13.68, with 126,640 shares traded. DELL's current last sale is 100.22% of the target price of $13.65.
BlackBerry Limited ( BBRY ) is +0.1415 at $9.72, with 105,305 shares traded. BBRY's current last sale is 102.32% of the target price of $9.5.
Fossil Group, Inc. ( FOSL ) is +14.08 at $121.50, with 104,421 shares traded. RTT News Reports: Fossil Q2 13 Earnings Conference Call At 9:00 AM ET
Tesla Motors, Inc. ( TSLA ) is +0.87 at $145.55, with 86,301 shares traded.TSLA is scheduled to provide an earnings report on 8/7/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is -0.36 per share, which represents a -100 percent increase over the EPS one Year Ago
JA Solar Holdings, Co., Ltd. ( JASO ) is +0.35 at $9.10, with 60,687 shares traded. JASO's current last sale is 182% of the target price of $5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is unchanged at $13.68, with 126,640 shares traded. DELL's current last sale is 100.22% of the target price of $13.65. The following are the most active stocks for the pre-market session : Northstar Realty Finance Corp. ( NRF ) is -0.3 at $9.59, with 5,760,679 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.68, with 126,640 shares traded. DELL's current last sale is 100.22% of the target price of $13.65. Michael Kors Holdings Limited ( KORS ) is +4.25 at $72.13, with 686,983 shares traded.
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Dell Inc. ( DELL ) is unchanged at $13.68, with 126,640 shares traded. DELL's current last sale is 100.22% of the target price of $13.65. RTT News Reports: Michael Kors Q1 Profit Rises - Quick Facts Sony Corp Ord ( SNE ) is -0.84 at $20.92, with 455,791 shares traded.
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DELL's current last sale is 100.22% of the target price of $13.65. Dell Inc. ( DELL ) is unchanged at $13.68, with 126,640 shares traded. The NASDAQ 100 Pre-Market Indicator is down -.83 to 3,142.36.
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9b8c8813-9364-4917-9bdc-503cff5dd78d
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726389.0
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2013-08-02 00:00:00 UTC
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Sector Update: Technology
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DELL
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https://www.nasdaq.com/articles/sector-update-technology-2013-08-02
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nan
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nan
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Technology shares are slightly higher in pre-bell trading. Gartner ( IT ) said Q2 earnings rose to $0.49 per share from $0.43 the year earlier, negatively impacted by $0.01 per share in after-tax acquisition-related charges. Analysts had estimated EPS of $0.52 according to Capital IQ. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate.
For FY13, IT revised its guidance, saying it now expects total revenue to rise to between $1.76 billion and $1.81 billion compared to the $1.8 billion average estimate and for diluted EPS to be between $1.90 and $2.04, shy of the $2.06 consensus. IT is flat at $62.08 in pre-market, having closed up 3.5% yesterday, when it hit a 52-week high of $63.00.
And, Telephone and Data Systems ( TDS ) today announced that its board of directors has authorized a $250 million share repurchase program. TDS is flat at $26.79 in pre-market.
Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Technology shares are slightly higher in pre-bell trading. IT is flat at $62.08 in pre-market, having closed up 3.5% yesterday, when it hit a 52-week high of $63.00.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. For FY13, IT revised its guidance, saying it now expects total revenue to rise to between $1.76 billion and $1.81 billion compared to the $1.8 billion average estimate and for diluted EPS to be between $1.90 and $2.04, shy of the $2.06 consensus. And, Telephone and Data Systems ( TDS ) today announced that its board of directors has authorized a $250 million share repurchase program.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate. For FY13, IT revised its guidance, saying it now expects total revenue to rise to between $1.76 billion and $1.81 billion compared to the $1.8 billion average estimate and for diluted EPS to be between $1.90 and $2.04, shy of the $2.06 consensus.
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95299341-8030-4dd9-8991-d8e4c0c87c80
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726390.0
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2013-08-02 00:00:00 UTC
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Pre-Market Most Active for Aug 2, 2013 : DELL, QQQ, BAC, BYD, ALU, LRY, AIG, UBS, ALSK, FB, EUFN, SIRI
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-aug-2-2013-dell-qqq-bac-byd-alu-lry-aig-ubs-alsk-fb-eufn-siri-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 2.87 to 3,129.17. The total Pre-Market volume is currently 10,895,424 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.665 at $13.62, with 19,749,653 shares traded. DELL's current last sale is 99.78% of the target price of $13.65.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.07 at $76.61, with 2,251,624 shares traded., following a 52-week high recorded in prior regular session.
Bank of America Corporation ( BAC ) is -0.05 at $14.90, with 1,757,424 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.29. BAC's current last sale is 106.43% of the target price of $14.
Boyd Gaming Corporation ( BYD ) is -0.75 at $12.05, with 1,553,569 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0. As reported in the last short interest update the days to cover for BYD is 12.914585; this calculation is based on the average trading volume of the stock.
Alcatel Lucent ( ALU ) is -0.03 at $2.46, with 886,513 shares traded. ALU's current last sale is 123% of the target price of $2.
Liberty Property Trust ( LRY ) is -1.19 at $35.73, with 837,058 shares traded. LRY's current last sale is 90.46% of the target price of $39.5.
American International Group, Inc. ( AIG ) is +2.24 at $49.31, with 603,129 shares traded. As reported by Zacks, the current mean recommendation for AIG is in the "buy range".
UBS AG ( UBS ) is +0.15 at $20.07, with 503,800 shares traded., following a 52-week high recorded in prior regular session.
Alaska Communications Systems Group, Inc. ( ALSK ) is +1.31 at $3.86, with 459,742 shares traded. ALSK's current last sale is 386% of the target price of $1.
Facebook, Inc. ( FB ) is +0.191 at $37.68, with 327,193 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.13. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
iShares MSCI Europe Financials ETF ( EUFN ) is -0.2103 at $21.95, with 129,000 shares traded., following a 52-week high recorded in prior regular session.
Sirius XM Radio Inc. ( SIRI ) is +0.01 at $3.79, with 104,089 shares traded. SIRI's current last sale is 94.75% of the target price of $4.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.665 at $13.62, with 19,749,653 shares traded. DELL's current last sale is 99.78% of the target price of $13.65. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.665 at $13.62, with 19,749,653 shares traded. DELL's current last sale is 99.78% of the target price of $13.65. PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.07 at $76.61, with 2,251,624 shares traded., following a 52-week high recorded in prior regular session.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.665 at $13.62, with 19,749,653 shares traded. DELL's current last sale is 99.78% of the target price of $13.65. The total Pre-Market volume is currently 10,895,424 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.665 at $13.62, with 19,749,653 shares traded. DELL's current last sale is 99.78% of the target price of $13.65. The NASDAQ 100 Pre-Market Indicator is up 2.87 to 3,129.17.
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e512807f-2c28-4873-a265-e085472d6a32
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726391.0
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2013-08-02 00:00:00 UTC
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Sector Update: Technology Shares Higher Pre-Market; Dell Shareholders Prepare to Vote on Buyout
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DELL
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https://www.nasdaq.com/articles/sector-update-technology-shares-higher-pre-market-dell-shareholders-prepare-vote-buyout
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nan
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nan
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Top Technology Stocks:
MSFT: +0.44%
AAPL: +0.09%
IBM: flat
CSCO: +0.07%
GOOG: +0.27%
Technology shares are slightly higher in pre-bell trading. Gartner ( IT ) said Q2 earnings rose to $0.49 per share from $0.43 the year earlier, negatively impacted by $0.01 per share in after-tax acquisition-related charges. Analysts had estimated EPS of $0.52 according to Capital IQ. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate.
For FY13, IT revised its guidance, saying it now expects total revenue to rise to between $1.76 billion and $1.81 billion compared to the $1.8 billion average estimate and for diluted EPS to be between $1.90 and $2.04, shy of the $2.06 consensus. IT is flat at $62.08 in pre-market, having closed up 3.5% yesterday, when it hit a 52-week high of $63.00.
And, Telephone and Data Systems ( TDS ) today announced that its board of directors has authorized a $250 million share repurchase program. TDS is flat at $26.79 in pre-market.
Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Technology shares are slightly higher in pre-bell trading. IT is flat at $62.08 in pre-market, having closed up 3.5% yesterday, when it hit a 52-week high of $63.00.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. For FY13, IT revised its guidance, saying it now expects total revenue to rise to between $1.76 billion and $1.81 billion compared to the $1.8 billion average estimate and for diluted EPS to be between $1.90 and $2.04, shy of the $2.06 consensus. And, Telephone and Data Systems ( TDS ) today announced that its board of directors has authorized a $250 million share repurchase program.
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Finally, Dell ( DELL ) shareholders will meet again today to vote, after two postponements already, on whether to accept Michael Dell's proposal to buyout the company for $13.65 per share. Technology shares are slightly higher in pre-bell trading. Total revenue rose 12% to $446 million, slightly ahead of the $443 million average estimate.
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3ae26422-4666-41b3-a616-b04d55889217
|
726392.0
|
2013-08-02 00:00:00 UTC
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Tech Sector Still Inching Higher; Icahn Accuses Dell Committee of Bias in Support of CEO's Buyout Bid
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DELL
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https://www.nasdaq.com/articles/tech-sector-still-inching-higher-icahn-accuses-dell-committee-bias-support-ceos-buyout-bid
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nan
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nan
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Top Tech Stocks
MSFT +0.36%
AAPL +1.32%
IBM -0.85%
CSCO +0.81%
GOOG +0.13%
Technology stocks are moderately higher with shares of technology companies in the S&P 500 climbing about 0.3%.
In company news, Dell Inc ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend.
The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid.
In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
But Icahn late yesterday filed suit in Delaware Court of Chancery seeking to bar any change in the vote. In a statement this afternoon, he again asserted he will "vigorously pursue" his case. A hearing is scheduled for Monday, sources familiar with the suit told the Wall Street Journal.
In other sector news,
(+) ALSK, Q2 GAAP net income of $0.81 per share, reversing a $0.02 per share net loss last year. Revenue climbs 8.6% to $97.7 million, topping the Street view by $6.14 million. High end of expected FY13 revenue roughly in-line with analyst estimates looking for $50.94 million.
(-) VCLK, Revenue falls 0.7% from a year ago to $159.8 million, trailing the consensus by $6.43 million. Forecasts Q3 EPS of $0.39 to $0.40, coming up $0.02 shy of expectations. Projected Q3 revenue lag analyst estimates by $12 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Dell Inc ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
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In company news, Dell Inc ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
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In company news, Dell Inc ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid.
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In company news, Dell Inc ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
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99b5f334-dd42-49e6-8ad6-4ac3180cea9b
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726393.0
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2013-08-02 00:00:00 UTC
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Sector Update: Technology
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DELL
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https://www.nasdaq.com/articles/sector-update-technology-2013-08-02-0
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nan
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nan
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Technology stocks are moderately higher with shares of technology companies in the S&P 500 climbing about 0.3%.
In company news, Dell ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend.
The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid.
In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
But Icahn late yesterday filed suit in Delaware Court of Chancery seeking to bar any change in the vote. In a statement this afternoon, he again asserted he will "vigorously pursue" his case. A hearing is scheduled for Monday, sources familiar with the suit told the Wall Street Journal.
In other sector news,
(+) ALSK, Q2 GAAP net income of $0.81 per share, reversing a $0.02 per share net loss last year. Revenue climbs 8.6% to $97.7 million, topping the Street view by $6.14 million. High end of expected FY13 revenue roughly in-line with analyst estimates looking for $50.94 million.
(-) VCLK, Revenue falls 0.7% from a year ago to $159.8 million, trailing the consensus by $6.43 million. Forecasts Q3 EPS of $0.39 to $0.40, coming up $0.02 shy of expectations. Projected Q3 revenue lag analyst estimates by $12 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Dell ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
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In company news, Dell ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid.
|
In company news, Dell ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid.
|
In company news, Dell ( DELL ) is up 5.5% at $13.67 a share in late trade with activist investor Carl Ichan today accusing a special board committee of "improperly putting its thumb on the scales in favor of Mr. Dell's offer" after CEO Michael Dell today increased his buyout offer to $13.75 a share and paying a special $0.13 per share dividend. The sweetened deal increased Dell's and private-equity partner Silver Lake Partner's overall offer to $24.75 billion, up about $350 million over their previous bid. In exchange, the special Dell board committee negotiating the deal agreed to adjust its rules and setting aside absent or missing shares from the vote count instead of counting them as "No" votes.
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9b8c8188-0216-4008-9c08-c76ebe05b753
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726394.0
|
2013-08-02 00:00:00 UTC
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The Bulls Celebrate the Weak Jobs Report With a New All-Time High in the S&P 500
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DELL
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https://www.nasdaq.com/articles/bulls-celebrate-weak-jobs-report-new-all-time-high-sp-500-2013-08-02
|
nan
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nan
|
US equity markets were relatively flat through most of today, but the S&P 500 surged into the close to make a new record high of 1709.67 -- despite generally lackluster economic data.
The widely-anticipated July employment report was delivered this morning, and disappointed relative to the solid ADP report fromWednesday . Nonfarm payrolls rose by 162K in July, less than the expected 175K, while last month's increase was revised down to 188K from 195K.
The unemployment rate came in lower than expected at 7.4% vs. the 7.5% consensus, but that was considered a negative because it came through a drop in the labor force.
Personal income saw month over month change of 0.3% vs the 0.4% anticipated by economists. Consumer spending rose 0.5%, which beat the 0.4% consensus. And finally, factory orders came in worse than expected at 1.5%.
Dell Inc. ( DELL ) pushed 5.6% higher on the day after a buyout agreement between Michael Dell and the Dell special committee was reached.
LinkedIn Corp ( LNKD ) shares rocketed 10.6% after reporting better-than-expected second-quarter earnings. Apple Inc. ( AAPL ) showed continued strength after its earnings surprise last Tuesday, and finished the week up 4.9%.
The Nikkei 225 (INDEXNIKKEI:NI225) climbed 3.3% after the Japanese government released an upbeat economic forecast. The index finished the week up more than 4% in extremely volatile trading.
Tomorrow
The ISM services index will be released at8:00 a.m. EDT on Monday . St. Louis Fed President James Bullard will be speaking at11:45 a.m. EDT .
Macerich Co ( MAC ), Tyson Foods, Inc. ( TSN ), and Vornado Realty Trust (VNO) will be releasing earningson Monday .
Monday's Financial Outlook
The ISM services index will be released at8:00 a.m. EDT on Monday . St. Louis Fed President James Bullard will be speaking at11:45 a.m. EDT .
Macerich Co ( MAC ), Tyson Foods, Inc. ( TSN ), and Vornado Realty Trust (VNO) will be releasing earningson Monday .
Twitter: @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Macerich Co ( MAC ), Tyson Foods, Inc. ( TSN ), and Vornado Realty Trust (VNO) will be releasing earningson Monday . Dell Inc. ( DELL ) pushed 5.6% higher on the day after a buyout agreement between Michael Dell and the Dell special committee was reached. US equity markets were relatively flat through most of today, but the S&P 500 surged into the close to make a new record high of 1709.67 -- despite generally lackluster economic data.
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Macerich Co ( MAC ), Tyson Foods, Inc. ( TSN ), and Vornado Realty Trust (VNO) will be releasing earningson Monday . Dell Inc. ( DELL ) pushed 5.6% higher on the day after a buyout agreement between Michael Dell and the Dell special committee was reached. St. Louis Fed President James Bullard will be speaking at11:45 a.m. EDT .
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Dell Inc. ( DELL ) pushed 5.6% higher on the day after a buyout agreement between Michael Dell and the Dell special committee was reached. Nonfarm payrolls rose by 162K in July, less than the expected 175K, while last month's increase was revised down to 188K from 195K. Macerich Co ( MAC ), Tyson Foods, Inc. ( TSN ), and Vornado Realty Trust (VNO) will be releasing earningson Monday .
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Dell Inc. ( DELL ) pushed 5.6% higher on the day after a buyout agreement between Michael Dell and the Dell special committee was reached. Nonfarm payrolls rose by 162K in July, less than the expected 175K, while last month's increase was revised down to 188K from 195K. Consumer spending rose 0.5%, which beat the 0.4% consensus.
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a22b4977-0229-4e93-945b-ada5ba4340f5
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726395.0
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2013-08-01 00:00:00 UTC
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Pre-Market Most Active for Aug 1, 2013 : DELL, JCP, BAC, SUNE, FB, ALU, SXC, BCRX, XOM, ARNA, MYL, HALO
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-aug-1-2013-dell-jcp-bac-sune-fb-alu-sxc-bcrx-xom-arna-myl-halo-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 13.3 to 3,103.49. The total Pre-Market volume is currently 18,252,633 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.24 at $12.90, with 1,883,510 shares traded. DELL's current last sale is 94.51% of the target price of $13.65.
J.C. Penney Company, Inc. Holding Company ( JCP ) is +1 at $15.60, with 1,449,032 shares traded. As reported in the last short interest update the days to cover for JCP is 9.053986; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.18 at $14.78, with 984,321 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.29. BAC's current last sale is 105.57% of the target price of $14.
SunEdison, Inc. ( SUNE ) is unchanged at $10.08, with 576,000 shares traded.SUNE is scheduled to provide an earnings report on 8/7/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is -0.16 per share, which represents a 14 percent increase over the EPS one Year Ago
Facebook, Inc. ( FB ) is +0.36 at $37.16, with 476,541 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.13. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Alcatel Lucent ( ALU ) is -0.03 at $2.51, with 469,750 shares traded., following a 52-week high recorded in prior regular session.
SunCoke Energy, Inc. ( SXC ) is unchanged at $15.80, with 450,000 shares traded. SXC's current last sale is 87.78% of the target price of $18.
BioCryst Pharmaceuticals, Inc. ( BCRX ) is +0.7 at $5.10, with 273,079 shares traded. RTT News Reports: BioCryst Pharma To Begin Phase 2a Trial Of Oral Kallikrein Inhibitor BCX4161
Exxon Mobil Corporation ( XOM ) is -1.57 at $92.18, with 261,698 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013. The consensus EPS forecast is $1.89. RTT News Reports: Exxon Mobil Q2 Profit Slumps - Quick Facts
Arena Pharmaceuticals, Inc. ( ARNA ) is +0.18 at $7.13, with 205,435 shares traded. RTT News Reports: Arena Pharma To Present At The 2013 Wells Fargo Conference; Webcast At 2:25 PM
Mylan Inc. ( MYL ) is +0.34 at $33.90, with 203,250 shares traded. RTT News Reports: Mylan Q2 Profit Beats View; Backs FY13 Adj. EPS View - Quick Facts
Halozyme Therapeutics, Inc. ( HALO ) is -1.62 at $6.89, with 191,622 shares traded.HALO is scheduled to provide an earnings report on 8/5/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is -0.14 per share, which represents a -13 percent increase over the EPS one Year Ago
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.24 at $12.90, with 1,883,510 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. RTT News Reports: BioCryst Pharma To Begin Phase 2a Trial Of Oral Kallikrein Inhibitor BCX4161 Exxon Mobil Corporation ( XOM ) is -1.57 at $92.18, with 261,698 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.24 at $12.90, with 1,883,510 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. The consensus earnings per share forecast is -0.16 per share, which represents a 14 percent increase over the EPS one Year Ago Facebook, Inc. ( FB ) is +0.36 at $37.16, with 476,541 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.24 at $12.90, with 1,883,510 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. The consensus earnings per share forecast is -0.16 per share, which represents a 14 percent increase over the EPS one Year Ago Facebook, Inc. ( FB ) is +0.36 at $37.16, with 476,541 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.24 at $12.90, with 1,883,510 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. RTT News Reports: BioCryst Pharma To Begin Phase 2a Trial Of Oral Kallikrein Inhibitor BCX4161 Exxon Mobil Corporation ( XOM ) is -1.57 at $92.18, with 261,698 shares traded.
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1e7cd5e0-3481-47fe-8b3e-7f984b0f9988
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726396.0
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2013-07-31 00:00:00 UTC
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Corning's Q2 Shows Positive Trends - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/cornings-q2-shows-positive-trends-analyst-blog-2013-07-31
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nan
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nan
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Corning's ( GLW )second-quarter 2013 earnings beat the Zacks Consensus Estimate by a penny, or 3.2%%. Earnings have been adjusted for currency, pension-related accounting adjustments and other items net of tax.
Revenue
Corning reported revenue of $1.98 billion, which was up 9.3% sequentially and 3.9% year over year, roughly in line with our expectations.
Revenue by Segment
The Display Technologies segment generated around 32% of total revenue. The segment was down 2.9% sequentially and 1.6% year over year.
Samsung Precision ("SCP") LCD glass volumes were up low single-digits sequentially and flat with the year-ago quarter (better than guided). Volumes in the wholly-owned business were up mid-to-high single digits sequentially, but up 40% from the year-ago quarter (better than guided) Glass price declines continues to moderate as expected.
However, inventory in the channel and at retailers is on the rise, as the TV industry moves to larger screen sizes and moves to build initial stock levels.
Telecommunications (30% of revenue) grew 27.9% sequentially and 7.5% from the year-ago quarter. The sequential increase was much better than Corning's guidance of a 20% increase.
As expected, the NBN project ramp is Australia was the most significant driver of year-over-year growth, which was helped by growth in wireless, fiber & cable and data center projects in China and offset by softness in Europe. The sequential increase was fairly broad-based (FTTH in North America, fiber & cable in China and an acquisition in Brazil).
Management did not break down sales by category.
Specialty Materials generated 15% of revenue, up 16.7% sequentially and 15.2% year over year. Management was looking for a 15-20% sequential increase due to strength in touch-based notebooks and smartphones, so results were within the guided range. Gorilla Glass (GG) remains a primary revenue driver.
The Environmental Technologies segment generated 12% of revenue, flat sequentially and down 8.4% year over year. Revenue missed expectations of a slight sequential increase, with the heavy duty segment (trucks) pulling down segment performance. The light vehicle segment was up slightly, in line with expectations.
The Life Sciences business accounted for 11% of revenue. The business was up 5.8% sequentially and 35.2% from a year ago. Corning attributed the increase to contributions from the Discovery Labware acquisition, which closed on Oct 31.
Margins
The gross margin was 44.6%, up 210 bps from 42.4% reported in the previous quarter, up 220 bps from last year and 2 points better than guided. Management stated that gross margins continue to improve across all except the all-important Display business, which remains slightly impacted by price declines. However, the increasing demand, improved efficiencies especially in GG production and move to thinner glass remain positives for overall gross margin improvement.
The operating expenses of $486 million were up 9.5% sequentially and 2.3% year over year. But all expenses declined as a percentage of sales from both the previous and year-ago quarters. R&D declined 78 bps and 66 bps from the two periods, respectively, while SG&A declined 86 bps and 157 bps, respectively.
Net Income
Corning's pro forma net income was $469 million or 23.7% of sales compared to $445 million or 24.5% in the previous quarter and $388 million or 20.3% of sales in the year-ago quarter. The pro forma estimate excludes acquisition-related charges, asbestos litigation and other charges on a tax-adjusted basis in the last quarter.
Including these special items, the GAAP net income was $638 million ($0.43 per share), compared to $494 million ($0.33 per share) in the previous quarter and $474 million (0.31 per share) in the year-ago quarter.
Balance Sheet
Inventories were up 5.9% during the quarter, with inventory turns declining from 3.6X to 3.5X. DSOs were up from 55 to 63. Corning ended the quarter with $5.47 billion in cash and short term investments, down $304 million during the quarter. However, the company has a huge debt balance. Including long term liabilities and short term debt, the net cash position was just $61 million at the end of the quarter, down $230 million during the quarter.
Cash generated from operations was $395 million, of which $244 million was spent on capex, $106 million on acquisitions net of cash, $232 million on share repurchases and $147 million on dividends.
Guidance
Management stated that the third quarter would mark Corning's fourth straight quarter of year-over-year earnings growth. Moderating LCD price declines will help the Display business, while the other three segments will grow.
Management did not mention the expected growth in the Display business but stated that volumes in the wholly-owned and SCP businesses together would be flat to slightly up sequentially. Price declines are expected to be similar to the second quarter.
Telecom segment sales are expected to be up 20% year over year driven by FTTH demand in North America, Australia and Europe. The U.S. and China are expected to be up on an increased number of data center projects and Brazil is expected to be driven by the recent acquisition.
Specialty Materials revenue is expected to be up 10% on a sequential basis, driven by continued strength in GG. The new products, particularly GG NBT, which is being used by Dell ( DELL ) in their new product line, will help revenues.
Environmental segment sales are to be up slightly over the prior-year level, as a stronger heavy-duty diesel business in North America is supported by tighter regulations in Europe and China.
The Life Sciences business is expected to be up 40-45% year over year on account of the acquisition completed last year.
Corning expects the core gross margin to be up 1% sequentially. SG&A and R&D are expected to be up year over year as a percentage of sales.
Equity earnings from Dow Corning were lowered, with the company now expecting a sequential decline of 50% and year-over-year decline of 20% in its silicon business (both in Europe and China) due to competitive pressures. The tax rate for the core business is expected to be 16% and core earnings down 25% year over year (roughly 22 cents, which is well below the Zacks Consensus Estimate of 34 cents).
Our Take
Corning's second-quarter results were slightly better than expected. Since Display remains the largest contributor to its revenue, the steadier volumes and improving prices in this business are encouraging. Additionally, GG should see continued strength as we move through the year, as the company is well positioned at several major players in the smartphone and mobile computing segments and has some new products ramping in the back half of the year. With important product ramps in the telecom segment, recovery in the environmental markets and acquisition-driven growth in the life sciences segment, things look positive for Corning. However, Dow Corning will continue to weigh on the shares.
Corning shares carry a Zacks Rank #3 (Hold). However, companies with better prospects in the segment include Harmonic ( HLIT ), with a Zacks Rank #1 (Strong Buy) and Audiocodes ( AUDC ), with a Zacks Rank #2 (Buy).
AUDIOCODES LTD (AUDC): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
CORNING INC (GLW): Free Stock Analysis Report
HARMONIC INC (HLIT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The new products, particularly GG NBT, which is being used by Dell ( DELL ) in their new product line, will help revenues. AUDIOCODES LTD (AUDC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report CORNING INC (GLW): Free Stock Analysis Report HARMONIC INC (HLIT): Free Stock Analysis Report To read this article on Zacks.com click here. Volumes in the wholly-owned business were up mid-to-high single digits sequentially, but up 40% from the year-ago quarter (better than guided) Glass price declines continues to moderate as expected.
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AUDIOCODES LTD (AUDC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report CORNING INC (GLW): Free Stock Analysis Report HARMONIC INC (HLIT): Free Stock Analysis Report To read this article on Zacks.com click here. The new products, particularly GG NBT, which is being used by Dell ( DELL ) in their new product line, will help revenues. Net Income Corning's pro forma net income was $469 million or 23.7% of sales compared to $445 million or 24.5% in the previous quarter and $388 million or 20.3% of sales in the year-ago quarter.
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The new products, particularly GG NBT, which is being used by Dell ( DELL ) in their new product line, will help revenues. AUDIOCODES LTD (AUDC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report CORNING INC (GLW): Free Stock Analysis Report HARMONIC INC (HLIT): Free Stock Analysis Report To read this article on Zacks.com click here. Revenue Corning reported revenue of $1.98 billion, which was up 9.3% sequentially and 3.9% year over year, roughly in line with our expectations.
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The new products, particularly GG NBT, which is being used by Dell ( DELL ) in their new product line, will help revenues. AUDIOCODES LTD (AUDC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report CORNING INC (GLW): Free Stock Analysis Report HARMONIC INC (HLIT): Free Stock Analysis Report To read this article on Zacks.com click here. Revenue Corning reported revenue of $1.98 billion, which was up 9.3% sequentially and 3.9% year over year, roughly in line with our expectations.
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00f1e2bf-20d0-43cf-bca4-1e776d8e3d36
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726397.0
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2013-07-31 00:00:00 UTC
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Pre-Market Most Active for Jul 31, 2013 : CUZ, FB, TI/A, OPTR, RVBD, ALU, SODA, BAC, DELL, BHP, CMCSA, POT
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jul-31-2013-cuz-fb-tia-optr-rvbd-alu-soda-bac-dell-bhp-cmcsa-pot
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nan
|
nan
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The NASDAQ 100 Pre-Market Indicator is up 4.8 to 3,090.13. The total Pre-Market volume is currently 8,624,767 shares traded.
The following are the most active stocks for the pre-market session :
Cousins Properties Incorporated ( CUZ ) is -0.01 at $10.27, with 2,352,356 shares traded. CUZ's current last sale is 92.31% of the target price of $11.125.
Facebook, Inc. ( FB ) is +0.303 at $37.93, with 1,704,022 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.13. , following a 52-week high recorded in prior regular session.
Telecom Italia S.P.A. (TI/A) is -0.34 at $5.21, with 1,600,000 shares traded.
Optimer Pharmaceuticals, Inc. ( OPTR ) is -0.81 at $12.48, with 1,308,754 shares traded.OPTR is scheduled to provide an earnings report on 8/1/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is -0.61 per share, which represents a -1 percent increase over the EPS one Year Ago
Riverbed Technology, Inc. ( RVBD ) is -2.69 at $14.84, with 500,476 shares traded. RVBD's current last sale is 80.22% of the target price of $18.5.
Alcatel Lucent ( ALU ) is +0.04 at $2.50, with 466,836 shares traded., following a 52-week high recorded in prior regular session.
SodaStream International Ltd. ( SODA ) is +4.82 at $63.14, with 451,587 shares traded. RTT News Reports: SodaStream International Q2 13 Earnings Conference Call At 8:30 AM ET
Bank of America Corporation ( BAC ) is +0.01 at $14.53, with 443,216 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.29. BAC's current last sale is 103.79% of the target price of $14.
Dell Inc. ( DELL ) is +0.04 at $12.90, with 326,930 shares traded. DELL's current last sale is 94.51% of the target price of $13.65.
BHP Billiton Limited ( BHP ) is -0.4 at $62.59, with 270,048 shares traded. As reported in the last short interest update the days to cover for BHP is 7.666818; this calculation is based on the average trading volume of the stock.
Comcast Corporation ( CMCSA ) is +1.54 at $44.25, with 228,568 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013. The consensus EPS forecast is $0.63. RTT News Reports: Comcast Q2 13 Earnings Conference Call At 8:30 AM ET
Potash Corporation of Saskatchewan Inc. ( POT ) is -0.67 at $30.96, with 190,144 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is +0.04 at $12.90, with 326,930 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. RTT News Reports: SodaStream International Q2 13 Earnings Conference Call At 8:30 AM ET Bank of America Corporation ( BAC ) is +0.01 at $14.53, with 443,216 shares traded.
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Dell Inc. ( DELL ) is +0.04 at $12.90, with 326,930 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. The total Pre-Market volume is currently 8,624,767 shares traded.
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Dell Inc. ( DELL ) is +0.04 at $12.90, with 326,930 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. The consensus earnings per share forecast is -0.61 per share, which represents a -1 percent increase over the EPS one Year Ago Riverbed Technology, Inc. ( RVBD ) is -2.69 at $14.84, with 500,476 shares traded.
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Dell Inc. ( DELL ) is +0.04 at $12.90, with 326,930 shares traded. DELL's current last sale is 94.51% of the target price of $13.65. The NASDAQ 100 Pre-Market Indicator is up 4.8 to 3,090.13.
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4397a03e-e257-4422-878d-24ef653f0831
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726398.0
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2013-07-26 00:00:00 UTC
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Apple Inc. and Los Angeles Public Schools Join Forces
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DELL
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https://www.nasdaq.com/articles/apple-inc-and-los-angeles-public-schools-join-forces-2013-07-26
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nan
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nan
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By 2014, the Los Angeles Unified School District (LAUSD) plans to put 640,000 iPads ( AAPL ) into the hands of its students. A $30-million deal agreed upon by Apple and the LAUSD this June will provide 31,000 iPads this year, though further funds will be necessary for the additional 609,000 tablets to be rolled out.
The devices will come preloaded with Pearson's ( PSO ) Common Core System of Courses designed to teach students math, reading, and writing skills necessary to compete globally, and to allow teachers to assess their pupils' performances. Apple's iWork, which features Pages, Keynote, and Numbers, and iLife suite, which features iMovie, iPhoto, and Garageband, will also be installed on the devices.
Los Angeles, meanwhile, is not the only area where Apple's devices are being provided to students. Since 2002, the Maine Learning Technology Initiative has provided seventh-grade and eighth-grade students with MacBooks for use in and out of the classroom. Teachers from seventh through 12th grade have also received Macs.
This April, Apple faced contention as Maine Governor Paul LePage put his support behind the use of devices that run on Windows ( MSFT ), due to the operating system's greater presence in the workplace. Ultimately, however, with school districts given a choice between Apple computers and tablets or Hewlett-Packard ( HPQ ) devices, the Morning Sentinelreported on June 14 that only 5,500 of the 70,000 eligible Maine students would receive Windows-based HP ProBooks, with the rest receiving Macs.
From an expenses perspective, the transition to tech in the classroom can ultimately be a money-saving move. In 2012, Dan Brenner, the superintendent of the Roslyn Public Schools in Long Island, estimated for Time that with iPads in just two classrooms, the school district would save $7,200 per year in textbook and other costs.
"We are talking about changing the way we do business in the classroom," said Brenner.
As far as learning is concerned, the debate over whether tablets and laptops in the classroom serve to foster or hinder education rages on. But for companies like Apple, Microsoft, and HP -- as well as other school suppliers, like Dell ( DELL ) and Lenovo (OTCMKTS:LNVGY) -- just being in the classroom is a win.
Also see:
Apple Inc.'s Feud With Samsung Puts Future Innovation at Risk
Apple Inc. Fights Off Samsung's Quadruple Bypass Hummer of a Phone
What If Google Were to Go Dark?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But for companies like Apple, Microsoft, and HP -- as well as other school suppliers, like Dell ( DELL ) and Lenovo (OTCMKTS:LNVGY) -- just being in the classroom is a win. A $30-million deal agreed upon by Apple and the LAUSD this June will provide 31,000 iPads this year, though further funds will be necessary for the additional 609,000 tablets to be rolled out. The devices will come preloaded with Pearson's ( PSO ) Common Core System of Courses designed to teach students math, reading, and writing skills necessary to compete globally, and to allow teachers to assess their pupils' performances.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. But for companies like Apple, Microsoft, and HP -- as well as other school suppliers, like Dell ( DELL ) and Lenovo (OTCMKTS:LNVGY) -- just being in the classroom is a win. By 2014, the Los Angeles Unified School District (LAUSD) plans to put 640,000 iPads ( AAPL ) into the hands of its students.
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But for companies like Apple, Microsoft, and HP -- as well as other school suppliers, like Dell ( DELL ) and Lenovo (OTCMKTS:LNVGY) -- just being in the classroom is a win. Ultimately, however, with school districts given a choice between Apple computers and tablets or Hewlett-Packard ( HPQ ) devices, the Morning Sentinelreported on June 14 that only 5,500 of the 70,000 eligible Maine students would receive Windows-based HP ProBooks, with the rest receiving Macs. In 2012, Dan Brenner, the superintendent of the Roslyn Public Schools in Long Island, estimated for Time that with iPads in just two classrooms, the school district would save $7,200 per year in textbook and other costs.
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But for companies like Apple, Microsoft, and HP -- as well as other school suppliers, like Dell ( DELL ) and Lenovo (OTCMKTS:LNVGY) -- just being in the classroom is a win. By 2014, the Los Angeles Unified School District (LAUSD) plans to put 640,000 iPads ( AAPL ) into the hands of its students. A $30-million deal agreed upon by Apple and the LAUSD this June will provide 31,000 iPads this year, though further funds will be necessary for the additional 609,000 tablets to be rolled out.
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1b01855f-6e1d-4ab2-a9d1-c4d63009373d
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726399.0
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2013-07-26 00:00:00 UTC
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New Stock Coverage: Cardiovascular Systems Inc Will Win Your Heart
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DELL
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https://www.nasdaq.com/articles/new-stock-coverage-cardiovascular-systems-inc-will-win-your-heart-2013-07-26
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nan
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nan
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Michael Dell ( DELL ) plaintively pleaded, "B rother, can you spare a dime? " but, inspired by Jane Austen's example , stocks preferred to lend us a tenner, making abundant cents and sensibility in returning to their winning ways. Mark Zuckerberg did much to redeem the reputation of dorm room dropouts from the aforementioned Mr. Dell. His suddenly befriendedFacebook ( FB ) jumped 29.61% as the smart money flocked to a stock whose principal product continues to encourage incomparable stupidity . While the Willow Road resident weeped tears of joy, the crocodile variety were in evidence at an unlovedCrocs ( CROX ), which cratered 20.20%.
"And this is good old Boston, The home of the bean and the cod, Where the Lowells talk only to Cabots, And the Cabots talk only to God." So goes a witty ditty about Beantown's Brahmins. It's not badinvestment advice either, what with Boston Scientific ( BSX ) surging some 12.70% and Cabot Oil ( COG ) advancing 6.76% to an all-time high.
Today in economics, the University of Michigan's final figure for July consumer confidence arrives at 9:55 a.m. Eastern. On the earnings front, peak week of Q2 reporting season concludes with quarterly announcements expected out of Aon plc (AON), British Sky Broadcasting (BSYBY), Kia Motors (KIMTF), Lear Corporation (LEA), LyondellBasell (LYB), Newell Rubbermaid (NWL), Samsung Electronics (SSNLF), Stanley Black & Decker (SWK), Tyco International (TYC), and Wipro (WIT).
Cardiovascular Systems Inc (CSII): Shares are covered with a Buy at Wunderlich, whose target price is $24. The medical company has submitted its peripheral artery disease (PAD) application to the Food and Drug Administration, and regulatory approval accompanied by a domestic product launch is anticipated in the first quarter of 2014.
Delphi Automotive (DLPH): The automotive outfit is assigned an Outperform with Wells Fargo.
Goodrich Petroleum (GDP): GDP gets begun with a Buy at Canaccord Genuity.
(See also: Stock Upgrades: Tesla Motors Inc Hits Top Gear and Stock Downgrades: Bed Bath & Beyond Inc. Needs a Nap .)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the earnings front, peak week of Q2 reporting season concludes with quarterly announcements expected out of Aon plc (AON), British Sky Broadcasting (BSYBY), Kia Motors (KIMTF), Lear Corporation (LEA), LyondellBasell (LYB), Newell Rubbermaid (NWL), Samsung Electronics (SSNLF), Stanley Black & Decker (SWK), Tyco International (TYC), and Wipro (WIT). Michael Dell ( DELL ) plaintively pleaded, "B rother, can you spare a dime? " Mark Zuckerberg did much to redeem the reputation of dorm room dropouts from the aforementioned Mr. Dell.
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Michael Dell ( DELL ) plaintively pleaded, "B rother, can you spare a dime? " The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Mark Zuckerberg did much to redeem the reputation of dorm room dropouts from the aforementioned Mr. Dell.
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Michael Dell ( DELL ) plaintively pleaded, "B rother, can you spare a dime? " On the earnings front, peak week of Q2 reporting season concludes with quarterly announcements expected out of Aon plc (AON), British Sky Broadcasting (BSYBY), Kia Motors (KIMTF), Lear Corporation (LEA), LyondellBasell (LYB), Newell Rubbermaid (NWL), Samsung Electronics (SSNLF), Stanley Black & Decker (SWK), Tyco International (TYC), and Wipro (WIT). Mark Zuckerberg did much to redeem the reputation of dorm room dropouts from the aforementioned Mr. Dell.
|
Michael Dell ( DELL ) plaintively pleaded, "B rother, can you spare a dime? " Mark Zuckerberg did much to redeem the reputation of dorm room dropouts from the aforementioned Mr. Dell. On the earnings front, peak week of Q2 reporting season concludes with quarterly announcements expected out of Aon plc (AON), British Sky Broadcasting (BSYBY), Kia Motors (KIMTF), Lear Corporation (LEA), LyondellBasell (LYB), Newell Rubbermaid (NWL), Samsung Electronics (SSNLF), Stanley Black & Decker (SWK), Tyco International (TYC), and Wipro (WIT).
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ccd1dea9-202f-4ec8-842d-f9463fdf2c0b
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