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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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June 22, 2015
18:22 EDTGOOGGoogle offers sign-ups to test GoPro virtual reality prototype
Google (GOOG) has created a sign-up page to allow "creators" -- taken to mean video content creators -- to test its "Jump" virtual reality platform. Jump uses 16 GoPro (GPRO) cameras to create virtual reality video "that you can step inside of." Content creators selected by Google will get access to the platform beginning this summer. Reference Link
16:00 EDTAAPLOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
15:46 EDTBBRYBlackberry June weekly 9 straddle priced for 7.6% movement into Q1
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15:00 EDTBBRYNotable companies reporting before tomorrow's open
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14:42 EDTGOOG, AAPLOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:33 EDTAAPLApple iPhone redesign without home button not before 2017, AppleInsider says
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13:00 EDTBBRYBlackberry June weekly volatility elevated into Q1 and outlook
Blackberry June weekly call option implied volatility is at 88, July is at 49, August is at 44; compared to its 52-week range of 34 to 75, suggesting large near term price movement into the expected release of Q1 results on June 23.
12:12 EDTGOOGUS Supreme Court rejects Google patent appeal over Street View, Reuters says
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11:21 EDTBBRYStocks with call strike movement; TWTR BBRY
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09:40 EDTAAPLActive equity options trading on open
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08:09 EDTAAPLMasimo receives CE Mark for MightySat Rx pulse oximeter
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08:08 EDTCSCORed Hat names Frank Calderoni as EVP, operations, CFO
Red Hat (RHT) announced that Frank Calderoni will join the company as EVP, operations and CFO. Calderoni will be responsible for leading the company’s global finance organization and the leadership and management of IT and operations teams, reporting to Red Hat president and CEO, Jim Whitehurst. Calderoni served as EVP and CFO at Cisco Systems (CSCO) for seven years and most recently served as an executive advisor. Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31. Calderoni joins Red Hat on June 22, 2015, and will succeed Peters as CFO effective July 13, 2015.
08:02 EDTGOOGTransphorm announces new $70M investment led by KKR
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07:46 EDTAAPLApple CEO: Chinese consumer tastes weighed in product designs, Bloomberg says
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07:31 EDTGOOGFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
June 21, 2015
17:57 EDTRLDRealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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14:49 EDTGOOGRaven shares may rally in next couple years, Barron's says
The recent selloff in Raven (RAVN) shares "looks like an opportunity," and the company's stock could rally over the next couple years, Barron's contends in its 'Sizing Up Small Caps' column. Barron's notes that the company has partnered with Google (GOOG) to develop high-altitude balloons for the experimental Project Loon, which, if expanded into a full project, could signal a boost for Raven. Reference Link
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