Storage Software Worth 22% of NetApp's Stock Value
Continue reading Storage Software Worth 22% of NetApp's Stock Value
Closing Bell: When No Bears Can Be Found (AAPL, CCJ, CAT, CEPH, CVX, CLNE, DELL, UTA)
The market tried to hit a new two-plus-year high again today. Anything cautious for the markets is being discounted and valuation concerns are out the door. It seems the bulls are in charge -- regardless of what comes down the pipe in the Middle East, Japan, the PIIGS and elsewhere. Even a goal of only aiming to cut foreign energy dependence by one-third did not rattle markets. The TARP even made money. Maybe we can just convince Bernanke to go ahead and raise rates to get the pain over with, once and for all.
Here were today's unofficial closing bell levels:
Dow Jones: 12,350.61 +71.60 (0.58%)
S&P500: 1,328.26 +8.82 (0.67%)
Nasdaq: 2,776,78 +19.90 (0.72%)
Top Analyst Calls
Analyst Calls: APOL, CEPH, DELL, GCI, GOLD, KSS, LEN, PEET, PM ...
- Philip Morris (PM) to conviction buy from buy at Goldman.
- Peet's Coffee (PEET) to neutral from sell at Janney Capital.
- Cephalon (CEPH) to equal weight from underweight at Morgan Stanley.
- StoneMor Partners (STON) to outperform from neutral at RW Baird.
- Tibco (TIBX) to buy from underperform at BofA/Merrill.
- Apollo Group (APOL) to outperform from market perform at BMO Capital.
Continue reading Analyst Calls: APOL, CEPH, DELL, GCI, GOLD, KSS, LEN, PEET, PM ...
Stock Futures Higher Ahead of ADP Employment Data
U.S. stock futures are higher this morning, as investors await ADP employment data. Futures for the Dow Jones Industrial Average surged 51 points to 12,276.00, and those for the S&P 500 index gained 6.20 points to 1,322.70. Futures for the Nasdaq 100 index added 16.50 points to 2,339.00. Overseas, positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.79%, London's FTSE 100 Index moved up 0.50%.
Continue reading Stock Futures Higher Ahead of ADP Employment Data
Analyst Calls: AAPL, AEO, CREE, DELL, HPQ, IBM, LMT, MMI, MYGN, PH ...
- Cree (CREE) and Rubicon Technology (RBCN) to buy from neutral at Merriman.
- Children's Place (PLCE) to outperform from market perform at BMO Capital.
- Lockheed Martin (LMT) to neutral from underperform at BofA/Merrill.
- Copano Energy (CPNO) to outperform from market perform at Morgan Keegan.
- Motorola Mobility (MMI) to neutral from reduce at Nomura.
- Parker-Hannifin (PH) to buy from hold at KeyBanc.
- Akamai (AKAM), ShoreTel (SHOR), AMB Property (AMB) and ProLogis (PLD) to buy from hold at Stifel Nicolaus.
Continue reading Analyst Calls: AAPL, AEO, CREE, DELL, HPQ, IBM, LMT, MMI, MYGN, PH ...
Four Trends in Dell's Hardware Business Highlight Importance of Tablets
Dell (DELL) competes with personal computer manufacturers like HP (HPQ), Apple (AAPL), Acer (ACEIF) and Toshiba (TOSBF), and increasingly against IBM (IBM) and others for IT services. We have a $22.39 Trefis price estimate for Dell's stock, and we estimate that Dell's hardware business which includes notebooks & netbooks, tablets, desktops, printers and displays makes up nearly 33% of Dell's stock. Our price estimate is around 40% ahead of the current market price.
Below we discuss four key trends for Dell's hardware business and their potential impact on Dell's stock price.
Continue reading Four Trends in Dell's Hardware Business Highlight Importance of Tablets
As Sales of Tablet Computers Soar, Intel's Stock Value Could Fall
Continue reading As Sales of Tablet Computers Soar, Intel's Stock Value Could Fall
Hot Storage Company Fusion-io Goes for an IPO
Over the past couple years, the storage market has been the target of big acquisitions from companies like HP (HPQ) and Dell (DELL). With cloud computing -- as well as the emergence of data-hungry applications -- the growth in the market has been strong.
To capitalize on this, some of the top companies are looking at IPOs. For example, Fusion-io made its filing this week. The lead underwriters include Goldman Sachs (GS) and Morgan Stanley (MS).
Continue reading Hot Storage Company Fusion-io Goes for an IPO
JPMorgan Chase Ups Forecasts for Tablet Sales
When it comes to picking trends, JPMorgan Chase (JPM) has nailed the latest market to experience explosive growth. It is the fast-growing tablet market, as reported in Reuters.
Morgan's analyst, Mark Moskowitz, has upped his forecasts for tablet sales in 2011 and 2012. For 2011 he raised his numbers from $24.9 to $26.1 billion. For 2012 his numbers are increased from $34.1 billion to $35.2 billion. Unit sales were upped by over 1 million to 48.1 in 2011 and 79.6 in 2012.
Continue reading JPMorgan Chase Ups Forecasts for Tablet Sales
Closing Bell: A Double From Lows (CAGC, CMCSA, DELL, DSCO, FDO, GENZ, SNY)
The FOMC Minutes offered a slight economic upgrade today. A large draw in oil inventories and word that Iran was sending two warships through the Suez canal to go to the Mediterranean spooked investors for a bit. The S&P is now up 100% from the lows of March 2009. Here were today's unofficial closing bell levels:
Dow Jones 12,288.17 +61.53 (0.50%)
S&P 500 1,336.32 +8.31 (0.63%)
Nasdaq 2,825.56 +21.21 (0.76%)
Continue reading Closing Bell: A Double From Lows (CAGC, CMCSA, DELL, DSCO, FDO, GENZ, SNY)
Dell Earnings: Stock Trades Higher, But Should You Buy?
Dell (DELL) experienced a good reaction to its latest earnings report on Tuesday, but I don't find myself interested in the stock. The company just doesn't call out to me as a solid buy. Back in September of last year, I noted that there were probably better investment options out there. I tend to feel the same way today.
The 52-week low for the shares is $11.34, while the 52-week high is $17.52. At the time of this writing, the stock was up over 5% to $14.64 during the post-bell period following the release of Dell's Q4 data.
Continue reading Dell Earnings: Stock Trades Higher, But Should You Buy?
U.S. Stock Futures Up After Dell Reports Upbeat Earnings
U.S. stock futures are higher Wednesday morning as Sanofi-Aventis (SNY) agreed to purchase Genzyme (GENZ) and Dell (DELL) reported upbeat quarterly earnings. Futures on the Dow Jones Industrial Average gained 30 points to 12,232 and S&P 500 futures rose 4.20 points to 1,330.50. Nasdaq 100 futures gained 5.50 points to 2,387.
U.S. stocks closed lower Tuesday, with the Dow Jones Industrial Average dropping 0.34% to close at 12,227.
Continue reading U.S. Stock Futures Up After Dell Reports Upbeat Earnings
Week in Preview: Mid-Quarter Earnings (DELL, SJM, MAR, JWN)
We're well into the quarter now and the earnings reports continue to roll out.
This week, Dell (DELL) highlights a handful of results from tech companies. Analysts surveyed by Thomson Reuters are looking for fourth-quarter earnings of 37 cents per share from the one of the world's top PC purveyors. That's up from 28 cents per share during the same period a year ago. Dell also is expected to report its revenue grew 5.5% year over year to $15.7 billion, for the three months that ended in January.
Continue reading Week in Preview: Mid-Quarter Earnings (DELL, SJM, MAR, JWN)
Dell Picks Up SecureWorks
Just a couple weeks ago, Dell (DELL) agreed to shell out $820 million for Compellent Technologies (CML). It was a way to bolster its position in the storage space and to ward off rivals like Hewlett-Packard (HPQ). Interestingly enough, Dell is not slowing down with its dealmaking. The latest transaction came this week with the purchase of SecureWorks. The price tag was not disclosed.
Dell Strikes a Deal for Compellent
One of the big themes in technology for 2010 has been the scramble to buy up data storage companies. Perhaps the most interesting transaction was the bidding war for 3Par. HP (HPQ) paid a premium price to beat out Dell (DELL).
As margins on PCs and laptops continue to fall, the large computer makers are trying to find ways to boost margins. And data storage products are a key way to do this.
NetApp (

