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Stock Market & Financial Investment News

News Breaks
October 26, 2012
16:25 EDTTASR, C, DV, AMZN, VRSN, FB, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day and the averages were down significantly on the week. Following a midday sell-off, the markets recouped their losses and moved into positive territory during the afternoon before weakening a bit at the end of the session. Among those set to report earnings next week are Exxon Mobil (XOM), Chevron (CVX), and Ford Motor (F)... ECONOMIC EVENTS: In the U.S., the first GDP reading for the third quarter showed growth of 2.0%, versus expectations for 1.8% growth. This was up from the 1.3% growth rate in the second quarter. Personal consumption for the third quarter was in line with expectations, rising 2.0%. The University of Michigan final consumer sentiment reading for October was 82.6, down a bit from the preliminary reading of 83.1... COMPANY NEWS: Apple (AAPL) last night reported quarterly sales that marginally beat expectations and earnings that missed them. The company reported iPhones sales rose 58% compared to last year and iPads sales increased 26% from the prior year's quarter. Shares fell immediately after the results were released and saw a big drop midday, but eventually closed down just $5.54, or 0.91%, to $604.00... Amazon's (AMZN) quarterly losses and revenue were worse than expected, but shares rose through the day, eventually settling up $15.32, or 6.87%, to $238.24 as investors digested the report and Jefferies defended the Q3 results in a note to investors... Citigroup (C) fired an analyst, Mark Mahaney, after the firm was fined $2M by the state of Massachusetts for disclosure violations related to the initial public offering of Facebook (FB)... MAJOR MOVERS: Among the notable gainers were DeVry (DV), up $5.19, or 24.93%, to $26.01, and TASER (TASR), up $1.67, or 26.13%, to $8.06, following their stronger than expected quarterly reports. Noteworthy losers included Verisign (VRSN), down $7.21, or 15.47%, to $39.39 despite higher than expected quarterly earnings as the company warned the Commerce Department may not complete its review of the company's .com registry agreement before it expires at the end of November. Also lower were shares of Constant Contact (CTCT), down $5.10, or 29.95%, to $11.93 after the company's quarterly report spurred a rash of downgrades and lowered price targets... INDICES: The Dow gained 3.53, or 0.03%, to 13,107.21; the Nasdaq rose 1.83, or 0.06%, to 2,987.95; and the S&P 500 fell 1.03, or 0.07%, to 1,411.94.
News For AAPL;AMZN;C;FB;DV;TASR;VRSN From The Last 14 Days
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May 11, 2015
09:58 EDTCBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTAAPL, FBActive equity options trading on open
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09:28 EDTCCiti says DOJ talks could include guilty plea on antitrust charge
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09:14 EDTCCiti says DOJ declined prosecution with respect to LIBOR
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09:03 EDTAMZNAmazon.com to open fulfillment center in Carteret, NJ
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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08:18 EDTCBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
06:11 EDTAMZNStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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05:05 EDTAAPLApple announces environmental initiatives in China
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May 10, 2015
20:03 EDTCCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
May 8, 2015
16:05 EDTAAPLOptions Update; May 8, 2015
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13:09 EDTFB, AMZNCiti says 'sell in May, go away' on Twitter, LinkedIn, Zillow
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09:56 EDTAMZNAmazon Fresh expands to parts of Northern New Jersey, Re/code reports
Amazon Fresh, Amazon's grocery delivery business, has been quietly expanded to reach parts of Northern New Jersey, including Hoboken, Edison and Paramus, Re/code reports. Amazon began delivering groceries to Manhattan and Brooklyn in last eight months. Reference Link
09:36 EDTFB, AMZN, AAPLActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
08:49 EDTFBAOL CEO sees doing 'more and more things' with messaging, social platforms
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07:38 EDTFBJefferies puts Google atop list of potential Yelp buyers
Jefferies laid out potential buyers for Yelp (YELP) after the Wall Street Journal reported that the company hired bankers to explore a sale. A Google (GOOG, GOOGL), Yelp (YELP) combination makes the most sense, the firm believes. It points out Google unsuccessfully tried to buy Yelp for $550M in 2009. Other potential buyers include Facebook (FB), Priceline (PCLN), GrubHub (GRUB) and Yahoo (YHOO), the firm notes. Jefferies views Yelp as a highly valuable asset and keeps a Buy rating on the stock with a $79 price target. Deutsche Bank today pegged the chances of a Yelp buyout at 60% and estimates a takeout price between $59 and $85 per share. The stock closed yesterday up $8.79 to $47.01 following the Journal's report.
06:22 EDTFB, AMZNCitigroup sees internet stocks underperforming this summer
Citigroup analyst Mark May says that even with the recent share pullbacks, the broader internet index has still meaningfully outperformed broader indices year-to-date. The group is nearing peak valuations, which could lead to underperformance through the summer, May tells investors today in a research note. He recommends avoiding shares of Twitter (TWTR), LinkedIn (LNKD) and Zillow Group (Z), as the companies are going through business transitions. The analyst believes Amazon.com (AMZN), eBay (EBAY), Yelp (YELP), Netflix (NFLX), GrubHub (GRUB) and Facebook (FB) have company specific factors that should enable them to outperform the internet group over the near term.
05:25 EDTAAPLEricsson files suits against Apple in Germany, UK, Netherlands
Ericsson (ERIC) has filed suits against Apple (AAPL) in Germany, the United Kingdom and the Netherlands. Ericsson had offered to enter into arbitration with Apple to reach a mutually beneficial global licensing agreement for its standard-essential patents, but that offer has now expired. The proceedings in the three countries were recently initiated and refer to the 2G and 4G/LTE standards, as well as other technology that is not standardized, but is related to, for instance, the design of semiconductor components and non-cellular wireless communications.
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