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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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October 9, 2014
06:26 EDTSSNLF, AAPLMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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06:26 EDTAAPLGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
16:26 EDTAAPLOn The Fly: Closing Wrap
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16:01 EDTAAPLOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:12 EDTAAPLNuance October calls active amid speculation Icahn speculation
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15:00 EDTAAPLApple shares climb following Icahn tweet of open letter to Tim Cook
Activist investor Carl Icahn tweeted that he is sending an open letter to Tim Cook tomorrow. This news along with the better tone in markets has helped lift the shares back above the psychologically important $100 level. Next resistance is at $101.79. Support is at $99.90.
14:54 EDTAAPLApple volatility flat, Icahn says to send open letter to CEO Tim Cook tomorrow
Apple October weekly call option implied volatility is at 23, October is at 20, November is at 26, December is at 24, January is at 23; compared to its 26-week average of 25 according to Track Data, suggesting non-directional price movement on Carl Icahn says to send open letter to CEO Tim Cook tomorrow.
14:36 EDTAAPLIcahn says to send open letter to Apple CEO Tim Cook tomorrow
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12:08 EDTAAPLApple sends out invites for October 16 event, 9to5Mac reports
Apple has sent out invitations for its October 16 event that is expected to introduce new iPads and Macs, 9to5Mac reports. The event will take place at the Town Hall auditorium on its Infinite Loop Campus in Cupertino, California and begin at 1pm ET. Reference Link
11:45 EDTAAPLApple 'surprised' by GT Advanced's Chapter 11 filing, WSJ reports
Apple (AAPL) says it was "surprised" by GT Advanced's (GTAT) Chapter 11 bankruptcy filing on Monday, the Wall Street Journal reports. Apple says it is focused on preserving jobs in Arizona and will continue to work with state and local officials "as we consider our next steps." GT Advanced is a partner for Apple's sapphire initiative. Reference Link
11:41 EDTSSNLF, AAPLJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
10:44 EDTAAPLFitbit said it has no plans to integrate with iOS 8 Heath app, 9to5Mac says
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09:57 EDTAAPLBlog reveals next-generation Apple iPad Air, 9to5Mac says
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09:38 EDTAAPLActive equity options trading on open
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08:20 EDTBRCM, AAPLQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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07:56 EDTBRCMBroadcom recently won large custom chip programs, says JPMorgan
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06:57 EDTAAPLApple's iPhone 6 Plus more popular than iPhone 6, WantChinaTimes says
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06:13 EDTAAPL, SSNLFNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
06:10 EDTAAPLQuantom begins small-volume production of 12-inch Macbook Air, DigiTimes says
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05:54 EDTAAPLTeen interest in Apple Watch 'tepid,' says Piper Jaffray
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