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Stock Market & Financial Investment News

News Breaks
April 22, 2012
18:21 EDTNFLX, GE, GLW, AAPL, GRPN, LNKD, AMZN, MSFT, FB, CRM, F, BACAmerica's portfolio managers see more gains for stocks, Barron's reports
Barron's conducted his Spring 2012 Big Money poll. America's money managers were cautiously optimistic about the stock market's prospects in the year ahead. The breakdown of the professional money managers investment outlook through June 2013 was: 4% very bullish, 51% bullish, 31% neutral, 12% bearish and 2% very bearish. That is up modestly from last fall's survey, when 52% of managers were bullish, and down modestly from the spring 2011 poll, when 59% of Big Money pros were bulls. The group expects the DJIA to rise by 6% through year end, to 13,756, and add another 3% thereafter, to arrive at 14,183 by June 2013. In round numbers that's a gain of 10% from Friday's close of 13,029.26. Forty-six percent of Big Money managers say the market is undervalued today, compared with 61% last fall. Another 41% think stocks are fairly valued, vs. 26% who felt that way in October. Among industry sectors, institutional investors are most bullish on the prospects for financials and technology shares, and most bearish on utilities and basic-materials stocks. Banks also will benefit as the economy strengthens and credit quality improves. But a better economy could be a bane for utility shares. Predictions for S&P 500 profit growth for 2012: 9.4%; for 2013: 7.6%. Predictions for oil in 2012: $103.79; for 2013: $103.86. Predictions for gold in 2012 $1,637; for 2013: $1,646. Favorite stocks of those polled for the next six to 12 months: Apple (AAPL), Bank of America (BAC), Microsoft (MSFT), Corning Glass (GLW), Ford (F), General Electric (GE), Salesforce.com (CRM). Stocks considered overvalued by respondants: Apple, Amazon.com (AMZN), Salesforce.com, LinkedIn, Netflix (NFLX), Facebook (FB)- based on the expected IPO, Bank of America, Groupon (GRPN). Reference Link
News For AAPL;BAC;MSFT;GLW;F;AMZN;GE;CRM;LNKD;NFLX;FB;GRPN From The Last 14 Days
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January 25, 2016
12:59 EDTAAPLApple executives unsatisfied with progress of 'Project Titan,' AppleInsider says
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12:15 EDTGLWEarnings Watch: Corning sees Q4 LCD glass volume down slightly
Corning (GLW) is expected to report fourth quarter earnings on Tuesday, January 26 before the market open with a conference call scheduled for 8:30 am ET. Corning is a globally diversified technology company. EXPECTATIONS: Analysts are looking for earnings per share of 32c on revenue of $2.33B, according to First Call. The consensus range for EPS is 28c-33c on revenue of $2.3B-$2.36B. LAST QUARTER: Corning reported third quarter core EPS of 34c against estimates for 34c, on revenue of $2.27B against estimates for $2.5B. It reported Q3 core sales of $2.45B. Corning expects Q4 LCD glass volume down slightly, sequentially. Corning announced a strategic and capital allocation framework designed to return more than $10B to shareholders through 2019. As a first step to delivering the plan, Corning's Board of Directors increased the company's share repurchase authorization by $4B. The company also announced plans to commence a $1.25B accelerated share repurchase program during the fourth quarter. Additionally, the company anticipates increasing its dividend per common share by at least 10% annually through 2019. On December 11, Corning announced that it will exchange its 50% interest in Dow Corning Corporation for 100% of the stock of a newly formed entity that will become a wholly owned subsidiary of Corning Incorporated. The newly formed entity will hold approximately 40% ownership in Hemlock Semiconductor Group and approximately $4.8B in cash. Corning expects the realignment to be substantially tax-free. STREET RESEARCH: Street research has been mixed in the weeks leading up to Corning's Q4 earnings report. On November 19, Susquehanna said Corning had recently focused on new end-market opportunities that could help provide growth as display matures. Although the firm noted the company is trying to find opportunities, they saw only 6%-8% accretion to 2017 earnings. Susquehanna reiterated its Positive rating and $22 price target on Corning shares. On December 14, Bernstein said Corning will benefit from the Dow Corning deal. After Corning (GLW) and Dow Chemical (DOW) announced that Corning will exchange its 50% interest in joint venture Dow Corning for a 100% stake in a newly-formed entity that will have $4.8B in cash, Bernstein said that Dow Corning's earnings stream was only worth $2B. The firm kept a $26 price target and Outperform rating on Corning. On December 17, JPMorgan analyst Rod Hall downgraded Corning to Neutral from Overweight saying the weak macro environment is driving slower than expected TV shipments. Corning's valuation is full at current levels, Hall told investors in a research note where he cut his price target for the shares to $18 from $20. PRICE ACTION: Corning's shares are down marginally since Q3 results were released. However, over the past twelve months, the stock has fallen approximately 29%. In early afternoon trading ahead of Tuesday's Q4 report, Corning's shares are down just over 1%.
12:05 EDTFBTwitter growth acceleration less likely in near-term, says Evercore ISI
Evercore ISI analyst Ken Sena says the likelihood of near-term growth reacceleration at Twitter (TWTR) looks less likely following today's executive departures. The analyst adds in an intraday research note that traffic trends and agency channel checks continue "to point to the worst" for the company. Sena lowered his Q4 estimates to the low-end of the company's guidance and cut his price target for the shares to $19 from $22. He continues to prefer Facebook (FB) and keeps a Hold rating on Twitter.
11:24 EDTGLWOptions with increasing volume
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10:44 EDTAMZNAmazon eyeing tighter software team-ups with Android makers, Information says
Amazon (AMZN) is eyeing ways to create tighter software partnerships with Android phone makers, the Information reports, citing people briefed on different aspects of the discussions. The company has had talks over working with phone brands at a "factory level" to integrate its services with devices in a more complex way than just preloading apps, the report says. Such moves would help Amazon gain traction of influence over Android smartphone software, owned by Google (GOOG), the report says. Reference Link
10:22 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
10:10 EDTAMZNAmazon's email 'share' function deemed unlawful by German court, Reuters says
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10:03 EDTAAPLApple's iPhone 5se to likely come with faster A9/M9 chips, 9to5Mac reports
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09:32 EDTAAPL, FB, MSFT, GLW, NFLXApple Active equity options trading on open
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08:22 EDTMSFTMajesco and Microsoft announce favorable court judgment
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07:40 EDTFBFBR sees constructive setup into Facebook earnings report
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07:10 EDTAMZNAmazon.com revenue should beat expectations, says Stifel
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07:06 EDTAAPLApple volatility elevated into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 57, February is at 38; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results on January 26.
06:44 EDTAAPLApple to release new iPhone, iPad Air 3 in 1H16, AppleInsider says
Apple is planning to launch a 4-inch iPhone as well as the iPad Air 3 in the first half of the year, AppleInsider reports, citing KGI analyst Ming-Chi Kuo. Reference Link
06:30 EDTFFord to shutter operations in Japan, Indonesia, Reuters reports
Ford will shutter operations in Japan and Indonesia this year since it sees "no reasonable path to profitability" in the two nations, Reuters reports. The car maker will exit all areas of its business, including dealerships and imports of Ford and Lincoln vehicles, in the two countries, the report says, citing an email from Asia Pacific President Dave Schoch to all employees in the region. Reference Link
06:15 EDTGESamsung exec: Will consider M&A for home appliances unit, Reuters reports
Samsung (SSNLF) will mull all potential options to grow its home appliances unit including M&A, Reuters reports, citing comments from Samsung appliances head Suh Byung-sam in from of reporters at a company event. The executive said that Haier's (HRELY) acquisition of GE's (GE) appliances unit will have no serious effect on its business in the near term, the report says. Reference Link
05:51 EDTAMZN, AAPL, FBOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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05:49 EDTCRMSalesforce implied volatility of 34 at lower end of index mean range
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05:49 EDTAMZNPiper's Munster sees attractive entry point for Amazon shares
Piper Jaffray analyst Gene Munster is bullish on Amazon.com shares into the company's December quarter results. Concerns over a potential margin reinvestment phase are overblown, Munster tells investors in a research note. He believes Street estimates are mis-modeling Amazon's margin expansion in 2016 and thinks the company's unit growth will likely exceed expectations. He views current share levels as an attractive entry point for investors and keeps an Overweight rating on Amazon with an $800 price target. The stock closed Friday up $21.36 to $596.38.
05:23 EDTLNKDStocks with implied volatility above IV index mean; LNKD NOK
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