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Stock Market & Financial Investment News

News Breaks
July 23, 2014
12:17 EDTAAPL, BA, MCD, ISRG, PBYI, JNPR, XLNXOn 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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September 8, 2014
12:18 EDTBAOn The Fly: Midday Wrap
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11:19 EDTAAPLApple begins sending email alerts when iCloud accounts assessed, MacRumors says
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11:15 EDTAAPLApple to unveil a new product
The product launch will be held on September 9 at 1 pm. Webcast Link
09:56 EDTAAPLGT Advanced risk profile 'neutral at best' into Apple event, says Canaccord
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09:40 EDTMCD, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:35 EDTBARyanair places order for up to 200 Boeing 737 MAX
Ryanair (RYAAY) confirmed an agreement with Boeing (BA) to purchase up to 200 new Boeing 737 MAX 200 aircraft, including 100 firm orders and 100 options. When finalized and all options exercised, this deal will be worth over $22B at current list prices, Ryanair stated, adding that it becomes the lead customer for this new aircraft, which for Ryanair will feature 197 seats and new CFM LEAP-1B engines.
09:33 EDTBARyanair places order for up to 200 Boeing 737 Max
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09:29 EDTAAPLCraig-Hallum says Integrated Device likely in Apple iWatch
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09:25 EDTAAPLAlleged leaked images of Apple's iWatch show mic, speaker, Siri, 9to5Mac says
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08:40 EDTAAPLApple volatility increases into September 9 press event
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07:35 EDTAAPLAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:22 EDTAAPLFormer GT Advanced manager points to sapphire covers at Apple, MacRumors says
While neither Apple (AAPL) nor GT Advanced (GTAT) have confirmed that Apple plans to use sapphire covers for its upcoming iPhones, a former product manager at GT claims on his LinkedIn profile that he played a key role in selling Apple on sapphire display covers for its "mobile devices," according to MacRumors, citing a prior report from TechViking. Reference Link
06:47 EDTBARyanair to possibly place $10B Boeing order, Reuters says
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06:44 EDTAAPLApple's iWatch could have own App Store, will run third-party apps, 9to5Mac says
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06:24 EDTAAPLGT Advanced September volatility elevated into Apple event
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06:21 EDTAAPLSmartwatch market to reach $10B by 2018, says Citigroup
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September 7, 2014
20:37 EDTAAPLApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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15:29 EDTBABoeing, Ryanair set to make significant fleet announcement, Reuters says
Boeing (BA) CEO Ray Conner and Ryanair (RYAAY) CEO Michael O'Leary are set to announce on Monday a significant purchase by Ryanair of Boeing 737 MAX 8 jetliners, says Reuters. With this order, Boeing will further cement its lead over rival Airbus Group (EADSY) in the order tally so far this year, added Reuters. Reference Link
14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
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