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Stock Market & Financial Investment News

News Breaks
October 7, 2013
16:31 EDTAAPL, CTB, TWX, IMAX, RLD, GWPH, SAP, CSCO, GOOG, BBRY, LQDTOn 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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July 17, 2014
11:23 EDTTWXOptions with increasing implied volatility
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10:00 EDTTWXOn The Fly: Analyst Upgrade Summary
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09:40 EDTAAPLActive equity options trading on open
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09:22 EDTTWXComcast price target raised to $66 from $62 at Maxim
Maxim raised its price target for Comcast (CMCSA) shares to $66 citing synergies from the Time Warner Cable (TWC), Charter deal. The firm says it values NBC Universal on a 10 times 2015 EBITDA, which it notes is a 14% discount to Fox's (FOXA) proposed bid for Time Warner (TWX), which values Time Warner at 11.6 times. Maxim keeps a Buy rating on Comcast shares.
09:09 EDTGOOGSenate Commerce, Science & Transportation Committee holds a hearing
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08:42 EDTTWXCBS, Yahoo among potential CNN buyers if Time Warner divests, WSJ says
If Time Warner (TWX) were to divest CNN, which has been raised as a possiblity given the interest in Time Warner expressed by Fox News owner 21st Century Fox (FOXA), the "long list of potential buyers" would include CBS (CBS), Yahoo (YHOO) and Bloomberg LP, said The Wall Street Journal, citing media analysts and executives. Reference Link
08:39 EDTGOOGMicrosoft shifting some Nokia X designs to Lumia products running Windows
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08:33 EDTTWXLong 21st Century Fox, short Time Warner good in short-term, says BMO Capital
BMO Capital recommends a short-term trade of being long 21st Century Fox (FOXA) and shorting Time Warner (TWX), as the firm doesn't expect the deal to be completed any time soon. The firm expects Time Warner's stock to drop on profit taking, though it doesn't expect the shares to return to their prior levels.
08:05 EDTTWXTime Warner price target raised to $100 from $77 at Argus
Argus increased its price target on Time Warner (TWX) after 21st Century Fox (FOXA) made an $85 takeover bid for the company. The firm does not believe that Time Warner would consider an offer below $100. It keeps a Buy rating on the shares.
07:53 EDTTWX21st Century Fox purchase of Time Warner logical at $100, says Wells Fargo
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07:32 EDTTWXTime Warner upgraded to Buy from Neutral at Janney Capital
As previously reported, Janney Capital upgraded Time Warner (TWX) to Buy and raised its fair value estimate on the stock to $100 following the takeover approach made by 21st Century Fox (FOXA). Janney estimates a merger would be neutral to Fox at $101 in an all-cash deal, but could be neutral to Fox at a price as high as $160 if it were an all-stock deal.
07:22 EDTTWXTime Warner price target raised to $90 from $80 at JPMorgan
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07:20 EDTTWXFox would need to boost offer to pique Time Warner interest, WSJ reports
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06:50 EDTGOOGAirbus considering partnering with high tech companies, NY Times says
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06:47 EDTGOOGGoogle plans big push in India for Android One initiative, The Informations says
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06:41 EDTTWXTime Warner upgraded to Buy from Neutral at Janney Capital
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06:40 EDTTWXTime Warner upgraded to Buy from Neutral at Guggenheim
05:50 EDTTWXStocks with implied volatility movement; TWX JOY
Stocks with implied volatility movement; Time Warner (TWX) 34, Joy Global (JOY) 30 according to iVolatility.
05:44 EDTSAPSAP backs FY14 non-IFRS operating profit view of EUR 5.8B-EUR 6B
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05:40 EDTSAPSAP reports Q2 Non-IFRS EPS EUR 0.79 vs. EUR 0.71 last year
Reports Q2 revenue EUR 4.15B vs. EUR 4.06B last year. Reports Q2 Non-IFRS cloud subscriptions and support revenue increased 39% at constant currencies. Reports Q2 Non-IFRS calculated cloud billings increased 37% at constant currencies. Approximately 1.55M connected companies transacting approximately $540B. Non-IFRS software and software-related service revenue increased 8% at constant currencies, 4% at actual currencies to EUR 3.48B. IFRS operating profit of EUR 698M vs. EUR 988M last year impacted by provision of EUR 289M for seven-year old Versata litigation.
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