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Stock Market & Financial Investment News

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October 7, 2013
16:31 EDTAAPL, TWX, GWPH, GOOG, LQDT, IMAX, SAP, BBRY, CTB, RLD, CSCOOn The Fly: Closing Wrap
Stocks began the day deep in negative territory, with the weakness attributed to the lack of movement by Congressional leaders in forging agreements regarding the budget and the debt ceiling. The averages drifted throughout the session and moved in a narrow range for the most part, until weakening into the close. ECONOMIC EVENTS: Consumer credit grew by $13.6B in August, which was somewhat above economists' expectations. Non-revolving credit, such as student and auto loans, rose, while revolving credit including credit cards slipped. COMPANY NEWS: Shares of Apple (AAPL) rose $4.72, or 0.98%, to $487.75 after research firm Jefferies upgraded the stock to Buy from Hold and raised its price target on the shares to $600 from $425. After meetings with Asian suppliers, Jefferies analyst Peter Misek believes that the tech giant is getting price breaks from the companies that provide components. Misek, who previously expected the iPhone maker to report lower than expected profits for its fourth quarter, now thinks that the company's fourth quarter profits will be nearly in-line with analysts' expectations... BlackBerry (BBRY) shares advanced 28c, or 3.64%, to $7.97 after Reuters said the mobile device maker is in talks with Google (GOOG), Cisco (CSCO) and SAP (SAP) about selling them all or parts of itself. MAJOR MOVERS: Among the notable gainers was GW Pharmaceuticals (GWPH), which jumped $7.16, or 28.99%, to $31.86 after a Lazard Capital analyst wrote that the company has one of the most compelling opportunities he's ever seen and nearly tripled his price target on the stock to $65 from $22. Shares of RealD (RLD) rose 59c, or 9.2%, to $7.00 after the opening weekend of Warner Bros. (TWX) film "Gravity" had impressive statistics for 3-D viewing. Among the noteworthy losers was Cooper Tire (CTB), which fell $3.79, or 12.84%, to $25.72 as the company and Apollo Tyres, the Indian tire-maker which has agreed to buy Cooper, engage in a public fight over the price of the deal. Also lower were shares of Liquidity Services (LQDT), which dropped $3.78, or 11.53%, to $28.99 after Bank of America Merrill Lynch downgraded its stock two notches to Underperform from Buy and cut its price target on shares to $31 from $45. INDEXES: The Dow was down 136.34, or 0.90%, to 14,936.24; the Nasdaq was down 37.37, or 0.98%, to 3,770.38; and the S&P 500 was down 14.38, or 0.85%, to 1,676.12.
News For AAPL;BBRY;GOOG;CSCO;SAP;GWPH;RLD;IMAX;TWX;CTB;LQDT From The Last 14 Days
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May 11, 2015
11:24 EDTAAPLUBS says Apple Watch could become 'must-have' device, but not yet
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11:24 EDTGWPHGW Pharmaceuticals remains a top mid-cap pick at Piper Jaffray
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11:21 EDTGWPHGW Pharmaceuticals declined partnership offers, Bloomberg reports
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11:03 EDTGOOGLionsgate, Google Play partner on 'The Mad Men Experience'
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10:29 EDTGWPHFMR reports 10% passive stake in GW Pharmaceuticals
10:18 EDTBBRYBlackBerry calls active on renewed takeover chatter
Blackberry May calls are active 13K contracts (1K puts) on renewed takeover speculation. May call option implied volatility is at 39, June is at 58, August is at 44; compared to its 90-day average of 48 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:11 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
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09:59 EDTCSCOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:56 EDTAAPLIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
09:37 EDTAAPL, CSCOActive equity options trading on open
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08:41 EDTAAPLApple Watch may become 'must have' as interface to internet, says UBS
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07:38 EDTIMAXIMAX and Huayi Brothers announce agreement for three theatres in China
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07:32 EDTGWPHGW Pharmaceuticals initiates Phase 3 study of Epidiolex
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07:31 EDTGWPHGW Pharmaceuticals reports Q2 EPS (5c) , may not compare to one estimate ($1.12)
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07:22 EDTCSCOCisco upgraded to Outperform with $36 target at Pacific Crest
Pacific Crest upgraded Cisco to Outperform from Sector Perform saying improving fundamentals and cloud momentum can drive multiple expansion in the second half of 2015 and into 2016. The firm believes the upcoming April quarter results could signify the start of a multi-quarter recovery driven by new product cycles across switching, routing, wireless and servers. It set a $36 price target for shares. Cisco closed Friday up 42c to $29.23.
06:44 EDTAAPLFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
06:34 EDTCSCOCisco upgraded to Outperform from Sector Perform at Pacific Crest
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06:11 EDTGOOGStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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06:05 EDTCSCOSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.
05:05 EDTAAPLApple announces environmental initiatives in China
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