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News For AAPL;AMZN From The Last 14 Days
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October 7, 2015
11:37 EDTAMZNStocks with call strike movement; AMZN SNDK
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11:33 EDTAAPLGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
11:13 EDTAAPLApple falls, levels to watch
The shares are leading on the downside, last at $109.93. At that price next support is at $108.01. Resistance is at $111.31, the prior session close.
10:58 EDTAAPLBarclays to launch Apple Pay support in UK in early 2016
Barclays (BCS) plans to launch Apple (AAPL) Pay support in the UK in early 2016, reports Mac Rumors. In an email to customer Mike Jobson, Barclays CEO of Personal and Corporate Banking Ashok Vaswani said, "We have signed up for ApplePay and will launch it very early in the New Year. We truly value your custom and hope that you continue to bank with us particularly since we are launching this shortly." Reference Link
09:36 EDTAAPLActive equity options trading on open
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08:18 EDTAAPLApple supplier Murata to build $100M factory in Japan, WSJ says
Apple supplier Murata Manufacturing plans to build a new, $100M factory in Japan despite weakness in China's economy that could have a negative effect on smartphone sales, the Wall Street Journal reports, citing an interview with Murata president Tsuneo Murata. "Even if the growth rate comes down to a certain level, we see demand for components increasing," he said. Reference Link
07:43 EDTAAPLLexmark upgraded to Neutral from Sell at Citi
Citi analyst Jim Suva upgraded Lexmark (LXK) to Neutral citing its thesis of overly-optimistic management expectations has mostly played out with the stock down 25% over the past 12 months. The analyst keeps a $31 price target for shares. Sava says Apple (AAPL) remains his top pick in Computer Hardware.
07:37 EDTAAPLUBS raises September quarter iPhone estimate to 50M units
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October 6, 2015
20:08 EDTAAPLApple plans to release new iMac next week, 9to5Mac says
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16:01 EDTAAPLOptions Update; October 6, 2015
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15:25 EDTAMZNAmazon cloud announcement unlikely to sink Splunk, analysts say
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.
13:06 EDTAMZNAWS, Rackspace pact a sign of consolidation, says Piper Jaffray
Piper Jaffray analyst Gene Munster views the partnership between Amazon Web Services (AMZN) and Rackspace (RAX) as another sign that market offerings are consolidating. The cloud space is set to continue to consolidate toward key winners AWS, Azure and Google (GOOG), Munster tells investors in a research note. He views AWS as the key driver for Amazon shares and the rollout of SaaS products as the next major catalyst. The unit could be worth north of $100B, Munster estimates. He reiterates an Overweight rating on Amazon with a $650 price target.
12:52 EDTAMZNCitron predicts Wayfair shares going to $20
Citron Research reiterated its cautious stance on Wayfair (W) by tweeting out a link to a Re/code story titled, "Amazon Is Absolutely Eviscerating Other Retailers Online, New Survey Shows." The short selling blog expects Wayfair shares to go to $20. The stock is currently trading at $38.52. Citron tweeted, "$AMZN Is Eviscerating retailers $W is a joke as insiders dump. Analysts- AMZN is bigger than "de- nile"- C U at $20."
11:18 EDTAAPLStocks with call strike movement; DOW AAPL
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10:07 EDTAAPLApple slips below $110
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09:34 EDTAAPLActive equity options trading on open:
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09:18 EDTAMZNRackspace announces agreement with Amazon Web Services
Rackspace (RAX) announces an agreement with Amazon Web Services (AMZN), under which Rackspace will offer "tools, expertise, application management, and operational support" to customers on the AWS Cloud. The core offering, Fanatical Support for AWS, plus three additional beta offerings -- Managed Security for AWS, Compliance Assistance for AWS, and Managed Cloud for Adobe Experience Manager -- reflect Rackspace's "strategy of delivering best in class expertise and support for the world's leading technologies and platforms," it stated. Rackspace also has become an Amazon Web Services authorized reseller, completed the audit to become a Managed Services Partner, and is joining the AWS Partner Network at the Advanced Consulting Partner level with over 100 certified AWS engineers.
08:53 EDTAMZNSplunk investor concerns over Amazon overblown, says William Blair
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06:52 EDTAAPLSamsung Electronics still trying to find smartphone fix, Reuters reports
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06:21 EDTAMZNRoughly 44% of online shoppers turn to Amazon first, Re/code reports
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