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Stock Market & Financial Investment News

News Breaks
July 23, 2014
12:17 EDTJNPR, MCD, PBYI, BA, XLNX, ISRG, AAPLOn The Fly: Midday Wrap
The major stock indexes began the session mixed and remained that way at midday, with the Nasdaq leading and the Dow lagging. The tech-heavy Nasdaq has been helped by shares of Apple (AAPL) and Microsoft (MSFT), which are both higher following their earnings reports last night. The blue-chip Dow, meanwhile, has been weighed on by Boeing's (BA) slide following its report this morning and weakness in McDonald’s (MCD) following multiple analyst downgrades. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced nearly 3% after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Cantor, which said it believes that Apple's execution in Q3 was solid and that the company's Q4 guidance was "good enough," keeps a Buy rating on the stock and raised it price target on the shares to to $123 from $111... Dow component Boeing sank 2.5% near noon despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's, fell 1% after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock almost tripled after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose almost 15% and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers following earnings reports that prompted downgrades were Xilinx (XLNX), which fell over 14%, and Juniper Networks (JNPR), which dropped 10%. INDEXES: Near midday, the Dow was down 23.81, or 0.14%, to 17,089.73, the Nasdaq was up 21.27, or 0.48%, to 4,477.29, and the S&P 500 was up 4.65, or 0.23%, to 1,988.18.
News For AAPL;BA;MCD;ISRG;PBYI;JNPR;XLNX From The Last 14 Days
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January 21, 2015
06:13 EDTAAPLApple's rumored iPhone 6S could feature 'radical' changes, Forbes reports
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05:53 EDTAAPLTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
16:25 EDTPBYIPuma Biotechnology files to sell 1M shares of common stock
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16:07 EDTPBYIPuma Biotechnology files automatic mixed securities shelf
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16:00 EDTAAPLOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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09:38 EDTAAPLActive equity options trading
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08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
January 18, 2015
13:45 EDTAAPLGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:00 EDTAAPLOptions Update; January 16, 2015
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15:10 EDTAAPLApple volatility at upper end of five-year range
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08:47 EDTAAPLIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:09 EDTAAPLApple price target raised to $123 from $120 at RBC Capital
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06:27 EDTAAPLSamsung names Lee Don-tae as global design team leader, Korea Joongang says
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06:25 EDTAAPLApple to open five new stores in China in next five weeks, Xinhua News reports
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06:11 EDTAAPLEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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06:11 EDTAAPLApple implied volatility of 41 at upper end of index mean range
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06:10 EDTAAPLGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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05:59 EDTAAPLIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
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