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Stock Market & Financial Investment News

News Breaks
January 2, 2014
12:14 EDTAAPL, BAC, FIATY, MSO, M, JCP, PLUG, AMRSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following data that showed manufacturing activity slowed in China last month. The averages began the first day of the year in negative territory and have remained there throughout the morning. The early weakness has come on light volume, as market participation has been dented by the mid-week holiday and an impending snowstorm in the Northeast. ECONOMIC EVENTS: In the U.S., Markit's manufacturing Purchasing Managers Index for December rose to 55.0, beating an initial estimate of 54.4 for the month and the 54.7 reading for November. The more closely watched Institute for Supply Management PMI dipped slightly to 57.0 from a 57.3 recent-high in November, as expected. Initial jobless claims fell 2K to 339K in the week ended December 28 from a revised 341K in the prior week. Growth in construction spending in November beat expectations with a 1.0% increase, versus the forecast for a rise of 0.8%. In China, both the official and HSBC PMI figures showed factory activity slowed month-over-month in December but remained in expansionary territory. HSBC and Markit's China PMI slipped to a three-month low of 50.5 in December, while the official government PMI fell to a four-month low of 51.0. In Europe, Markit's Euro zone manufacturing PMI rose to 52.7 in December from 51.6 in November. COMPANY NEWS: Italian carmaker Fiat announced Wednesday that it had agreed to take full ownership of Chrysler via a $4.35B deal to buy out the United Automobile Workers retiree health care fundís remaining 41% stake in the smallest of Detroit's "Big Three." The deal, expected to close later this month, is the last step needed before the Italian and U.S. companies can merge to create the world's seventh-largest automaker. Fiat shares trading in New York surged 14% following the deal... Shares of media and merchandising company Martha Stewart Living Omnimedia (MSO) rose 6% after the company announced that a breach-of-contract dispute with Macy's (M) has been settled. Macy's said its settlement with Martha Stewart does not impact its outstanding claim against J.C. Penney (JCP), which remains subject to a court's decision. MAJOR MOVERS: Among the notable gainers was Plug Power (PLUG), which surged 35% after the company announced it has met its order targets for the fourth quarter with orders that totaled approximately $32M. Also higher was Bank of America (BAC), which advanced nearly 3% following the stock being upgraded to Buy from Neutral at Citigroup. Among the noteworthy losers was Amyris (AMRS), which fell over 17% after being downgraded to Underperform at Cowen. Also lower was Apple (AAPL), which slipped a bit over 1% after Well Fargo lowered its rating on the iPhone maker's shares to Market Perform from Outperform. INDEXES: Near noon, the Dow was down 116.08, or 0.7%, to 16,460.58, the Nasdaq was down 36.20, or 0.87%, to 4,140.39, and the S&P 500 was down 14.88, or 0.81%, to 1,833.48.
News For AAPL;BAC;FIATY;MSO;M;JCP;PLUG;AMRS From The Last 14 Days
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April 11, 2014
08:38 EDTBACBank of America April volatility elevated into Q1 and revenue growth outlook
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08:02 EDTAAPLApple Q1 should be in line but slight risk to Q2, says Cowen
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07:31 EDTFIATYChina auto sales growth slowed in March, WSJ reports
The China Association of Automobile Manufacturers said 1.71M passenger vehicles were sold there in March, which was up 7.9% from a year earlier but a slower growth rate than the 11% year-over-year increase seen in the January-to-February period, reported The Wall Street Journal. The association cited weak sales of minivans, which fell 23% in the month, as a large factor, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Fiat (FIATY), Honda (HMC), Toyota (TM), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
06:47 EDTAAPLSamsung ups S5 incentives to fend off rivals, Bloomberg says
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06:46 EDTAAPLDocuments: Samsung misled investors about Galaxy tablet sales, Fotune says
According to documents revealed in the Samsung (SSNLF)-Apple (AAPL) lawsuit, Samsung misled the public about how many tablets it sold in 2011, Fortune reports. Strategy Analytics told the world Samsung sold 2M Galaxy Tablets in six weeks, when "it took Samsung all of 2011 to sell half that many." Reference Link
06:28 EDTAAPLApple: iOS, OSX not affected by Heartbleed flaw, Re/code reports
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06:05 EDTAAPLReport: Apple may offer high-res iTunes tracks in 2 months, Apple Insider says
Apple may plan to offer high-resolution 24-bit tracks on iTunes some time in the next few months, reports Apple Insider. Blogger Robert Hutton, citing an unnamed source, said Apple will charge an additional dollar for the high-resolution tracks. Reference Link
06:03 EDTPLUGStocks with implied volatility below IV index mean; APC PLUG
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April 10, 2014
16:00 EDTAAPLOptions Update; April 10, 2014
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11:21 EDTBACBank of America falls to important support area, levels to watch
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: SIRI RAD AAPL AMZN AA FB TSLA MRK CVX C
08:22 EDTAAPLApple seen offering iWatches priced as high as 'thousands,' AppleInsider says
KGI analyst Ming-Chi Kuo, who has a proven track record of predicting about Apple hardware, predicts that one of the major differences between Apple's smartwatch and those from rivals will be that its casing and band will come in a variety of materials and that luxury iWatches will carry a price tag of "several thousand dollars," reported AppleInsider. Other features expected by Kuo for the device, including biometrics, a flexible AMOLED display with sapphire cover lens and NFC, the report added. Reference Link
07:39 EDTAAPLApple Chief Designer gains more say over software, Bloomberg says
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07:24 EDTAAPLApple may release 12" Retina MacBook Air, low price iMac in 2014, MacRumors says
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06:48 EDTAAPLApple initiated with a Buy at Deutsche Bank
Deutsche Bank believes the iPhone and iPad offer good growth for Apple with upside coming from the potential for a larger screen sized phone. The firm initiated the stock with a Buy rating and $650 price target.
06:41 EDTAAPLApple confirms Christie departure, FT reports
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06:35 EDTBACMobile banking presents opportunity and risks for banks, WSJ reports
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06:32 EDTFIATYAutomakers have recalled nearly 15M vehicles since start of year, WSJ reports
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06:07 EDTPLUGStocks with implied volatility below IV index mean; APC PLUG
Stocks with implied volatility below IV index mean; Anadarko (APC) 28, Plug Power (PLUG) 139 according to iVolatility.
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