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Stock Market & Financial Investment News

News Breaks
April 2, 2013
11:15 EDTAAPL, BRCM, SSNLFAnalyst says Apple's iPhone profits have probably peaked
The profits generated by Apple's (AAPL) iPhone probably peaked last year, and the company's upcoming cheaper phone may be too expensive, Jefferies analyst Peter Misek wrote in a note to clients earlier today. WHAT'S NEW: The market for smartphones in developed markets are now saturated, and there is little difference between the iPhone and competing products offered by Samsung (SSNLF) and HTC, the analyst believes. Moreover, Apple's new, lower cost iPhone, expected to cost $350-$450, may be too expensive for consumers in developing markets, where most of the growth in smartphone sales will occur going forward, the analyst contended. Most consumers in these countries can only afford to pay less than $200 for a smartphone, he believes. As a result of all of these factors, Apple's fiscal 2014 earnings per share may be more than 20% below analysts' expectations, warned Misek, who maintained a $420 price target and Hold rating on the stock. TODAY'S PRICE ACTION: In mid-morning trading, Apple rose $7, or 1.6%, to $436. OTHERS TO WATCH: Broadcom (BRCM) could benefit from a proliferation of smartphones that cost less than $200, as Samsung appears to be incorporating Broadcom's chip into its low and mid level smartphones for developing markets, Jefferies analyst Mark Lipacis wrote. He maintained a $40 price target and Buy rating on Broadcom.
News For AAPL;BRCM;SSNLF From The Last 14 Days
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August 11, 2014
08:11 EDTBRCMBroadcom has meaningful upsise, says Morgan Stanley
Morgan Stanley said Broadcom management is in the early stages of transforming the company to one of stable growth and high profitability from one focused on growth, which should catch the focus of investors. The firm expects shares to trade higher and reiterates its Overweight rating and raises its price target to $44.
07:53 EDTBRCMBroadcom upcoming changes not priced into shares, says Jefferies
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06:23 EDTAAPLGoogle testing "Listen Now" music ads, WSJ reports
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August 10, 2014
16:51 EDTAAPLCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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16:00 EDTAAPLOptions Update; August 8, 2014
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11:51 EDTBRCMNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
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09:37 EDTAAPLActive equity options trading on open
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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07:06 EDTSSNLFSamsung, Barnes & Noble holding press event on August 20, Business Insider says
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August 7, 2014
16:00 EDTAAPLOptions Update; August 7, 2014
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09:36 EDTAAPLActive equity options trading on open
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07:23 EDTSSNLFSamsung pushed to revamp itself as smartphone sales falter, Reuters says
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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August 6, 2014
16:01 EDTAAPLOptions Update; August 7, 2014
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13:33 EDTSSNLFSamsung may unveil new wearable at September 3 event, Business Insider says
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09:36 EDTAAPLActive equity options trading on open
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08:44 EDTAAPLApple products excluded from Chinese government procurement list, Bloomberg says
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06:09 EDTSSNLF, AAPLApple, Samsung to drop all litigation outside U.S., Re/code reports
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