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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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July 15, 2014
06:20 EDTAAPLBoy's rash linked to possible exposure to nickel found in iPad, WSJ reports
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06:17 EDTSSNLFReport: Samsung finishes LTE-A solution for mobile processors, DigiTimes says
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06:11 EDTSSNLFSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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06:02 EDTSSNLFSamsung, Nest, ARM team up for Thread wireless networking protocol
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July 14, 2014
16:30 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; July 14, 2014
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12:21 EDTAAPLOn The Fly: Midday Wrap
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10:18 EDTAAPLGT Advanced retreats after downgrade citing production concerns
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10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading on open
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09:16 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
09:14 EDTAAPLApple's iCloud Mail experiencing an outage for some users
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08:04 EDTAAPLInvenSense should be bought ahead of results, says Pacific Crest
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07:41 EDTAAPL, AAPLGT Advanced 's 2014 guidance at risk, says CLSA
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07:24 EDTAAPLApple may not release 5.5-inch 'phablet' iPhone this year, Apple Insider reports
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07:24 EDTAAPLApple estimates raised above consensus at Morgan Stanley
Morgan Stanley's survey results suggests June quarter iPhone demand upside. The firm raised its iPhone unit estimate to 36M from 34M and increased its EPS estimate to $1.24 from $1.18, vs. consensus of $1.22 and 2015 EPS estimate to $2.33 from $2.25, 11% above consensus. The analyst added iWatch estimates into its model and sees unit sales in the 30M-60M range for the firm 12 months. Shares are rated Overweight with a $110 price target, up from $98.57.
06:54 EDTSSNLFSamsung ceases business with China supplier, Reuters says
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06:40 EDTAAPLApple responds to China broadcaster's privacy charges, China Daily says
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06:08 EDTAAPLABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
05:44 EDTAAPLApple upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded its rating on Apple (AAPL) shares to Overweight citing its channel checks which indicate near-term upside to consensus estimates and strong new products into 2015. The firm also believes troubles at Samsung are creating an opportunity for Apple to regain market share. Barclays raised its price target for Apple shares to $110 from $95. The stock closed Friday at $95.22.
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