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Stock Market & Financial Investment News

News Breaks
October 7, 2013
16:31 EDTLQDT, IMAX, SAP, BBRY, CTB, RLD, CSCO, AAPL, TWX, GWPH, GOOGOn 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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March 15, 2015
16:14 EDTBBRYBlackBerry collaborates with IBM, Samsung on SecuTABLET
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March 13, 2015
18:22 EDTAAPLSalesforce.com CEO Benioff: Analytics cloud can run on Apple watch
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18:16 EDTBBRYBlackBerry wins dismissal of BlackBerry 10 smartphone lawsuit, Reuters reports
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16:42 EDTAAPLStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
16:01 EDTAAPLOptions Update; March 13, 2015
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14:31 EDTAAPLApple hits session lows, levels to watch
The shares are down over 1.2% to $122.85 at time of writing. At that price initial support is at the low of the day at $122.58 and then at $120.17.
11:38 EDTSAPSAP CEO says media report on SAP and NSA 'misleading,' 'flawed'
SAP CEO Bill McDermott said, "Some recent media coverage about SAP HANA has been misleading and raised questions about SAP’s business activities in the public service and security sectors... We’re proud that our software is highly sought after by private businesses of all sizes, as well as by governments around the world -- from Germany and the European Union to Asia, Latin America and the United States. The subsidiaries we have created to work with governmental organizations in the U.S. and elsewhere are independently managed and are reviewed by independent external auditors. Claims that this setup allows access to customer data are false. In addition, there are no so-called "backdoors" built into SAP software and customer data cannot be retrieved externally. No company is more committed to data privacy and security than SAP." Reference Link
11:36 EDTGOOGGoogle Apps security breach affects 282,867 domain owners, The Next Web says
Personal information for 282,867 Google Apps domain owners was exposed Friday, reports The Next Web, citing Google statements and a Cisco report. Names, addresses, email information, and phone numbers were made public, though a Google spokesperson stated, "We identified the root cause, made the appropriate fixes, and communicated this with affects Apps customers." Presently there is no evidence of malicious use. Reference Link
10:34 EDTAAPLApple joins data center group with Facebook, Microsoft, The Information says
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10:04 EDTAAPLApple 'well beyond concept stage' for electric car, Apple Insider says
Apple is "well beyond the concept stage" on its electric car codenamed Titan, reports Apple Insider, citing two people with knowledge of the project. The sources said Apple received shipments of components to a site "minutes" away from the Cupertino campus, and "serious work" is underway. Reference Link
09:50 EDTGOOG, AAPLActive equity options trading on open
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08:21 EDTGOOGGoogle price target raised to $681 from $640 at Cowen
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08:20 EDTGOOGGoogle not making aggressive domain name push, NY Post says
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07:00 EDTAAPLNew MacBook to support third-party battery packs, chargers, 9to5Mac says
Apple's forthcoming MacBook will reportedly support "most" USB-C accessories, including external battery packs, third party chargers, external video adapters, and even allowing other Macs to charge the MacBook, reports 9to5Mac, citing sources close to the situation. Sources say Apple will not be blocking or limiting any accessories, opening up the market for third party accessories. Reference Link
06:23 EDTAAPLApple CEO says 11,000 people have signed up to study using ResearchKit
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06:07 EDTTWX, AAPLMillenials not completely sold on the Apple Watch, Re/code says
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06:03 EDTCSCOStocks with implied volatility below IV index mean; AMZN QCOM
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05:54 EDTAAPLReport: MacBook unlikely to exceed 450K in 1H15 sales, DigiTimes says
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05:54 EDTGOOG, AAPLIDC: Worldwide tablet long term growth in low single digits, Digitimes says
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05:54 EDTAAPLIDC: PC shipments to drop 4.9% in 2015 before improving slightly, DigiTimes says
Worldwide PC shipments is expected to drop 4.9% in 2015, compared to a previous forecast of 3.3%, reports DigiTimes, according to the IDC Worldwide Quarterly PC Tracker. Total 2015 volume is projected at 293.1M PCs, slipping further to 291.4M in 2019. The report also said growth projects for 2016 and 2017 improved slightly. Reference Link
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