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Stock Market & Financial Investment News

News Breaks
October 7, 2013
16:31 EDTCTB, RLD, CSCO, AAPL, TWX, GWPH, GOOG, LQDT, IMAX, SAP, BBRYOn 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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April 8, 2014
06:17 EDTCSCOCisco downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded its rating on Cisco (CSCO) shares to Hold from Buy saying its recent interviews with industry participants show less interest in the company's product suite. Wunderlich believes shares of Cisco are close to fully valued and lowered its price target for shares to $24 from $25. The stock closed yesterday up 14c to $22.85.
06:07 EDTAAPL, GOOGMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:04 EDTIMAXIMAX sells 20% stake in IMAX China to strategic Chinese investors for $80M
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06:02 EDTIMAXIMAX sells 20% stake in IMAX China to strategic Chinese investors for $80M
April 7, 2014
19:17 EDTBBRYBlackBerry wins patent suit against NXP
BlackBerry (BBRY) announced that a federal jury ruled in favor of BlackBerry in a patent infringement case brought by NXP (NXPI) in the U.S. District Court, Middle District of Florida, Orlando Division. The jury found both that BlackBerry did not infringe NXP's patents, and that the patents NXP asserted against BlackBerry are invalid.
16:01 EDTAAPLOptions Update; April 7, 2014
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14:18 EDTGOOGGoogle licenses booking software from Expedia-backed startup, Bloomberg says
Tech giant Google (GOOG), which has been bolstering its investments in travel, is now licensing hotel-booking software from Room 77, a startup backed by Expedia (EXPE), reported Bloomberg, citing a letter sent to Room 77 shareholders that was obtained by the news service. Other online travel agencies include Priceline Group (PCLN) and Orbitz Worldwide (OWW). Reference Link
14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
10:10 EDTSAPAnalyst sees 'golden' opportunity after software stocks decline
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09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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08:15 EDTCSCOCisco, Sony collaborate on live delivery of full-frame rate 4K 60P content
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08:05 EDTTWXTime Warner's HBO Go again suffers connection issues, Re/code says
Just a month after Time Warner CEO Jeff Bewkes promised his pay TV channel HBO Go would be improving its technology after the season finale of “True Detective” was plagued by outages, many users tuning in for the season premiere of “Game of Thrones” received error messages, Re/code reports. Reference Link
07:55 EDTGOOGGoogle looks to appeal YouTube blackout in Turkey, WSJ says
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPL, GOOGRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTGOOG, AAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
05:56 EDTGOOGStocks with implied volatility movement; GOOG XLK
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April 6, 2014
17:48 EDTGOOG, AAPLGoogle set to announce Android TV, The Verge says
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