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Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:06 EDTAAPL, CHA, CHLApple seen adding carriers, facing headwinds from Chinese rules
Three research firms issued notes on Apple (AAPL) today, with Wells Fargo reporting that more carriers are selling the company's iPhone and Goldman Sachs raising its price target on the tech giant. UBS, however, wrote that initiatives in China could slow the company's momentum there. WHAT'S NEW: The number of carriers that offer Apple's iPhone has been steadily increasing, with seven new carriers adding the device since April, Wells Fargo wrote. Apple appears to have been more aggressively looking to add new carriers in the last six months, the firm added. This development could help Apple sell more iPhones this year, added Wells, which increased its price target range on Apple to $595-$640 from $515-$585. However, the firm thinks the stock's potential gains may be limited and its multiple may decline beyond 2014 if the company doesn't deliver on heightened investor expectations. Wells kept a Sector Perform rating on the name. Goldman Sachs increased its price target on Apple to $720 from $635, saying it believes that the company's software enhancements in mobile payments, personal health monitors, and home products will enable it to sell more devices over time. The firm now has greater confidence that these software enhancements will drive robust cash flow and it kept a Buy rating on the shares. New developments in China could hinder Apple's growth there, UBS analyst Steven Milunovich warned. Specifically, a regulator is urging the country's three major telecom companies to reduce their marketing and sales costs and is also looking to form a company to manage mobile base stations. These developments could slow the pace of the roll-out of LTE technology in China, potentially negatively impacting iPhone sales, the analyst contended. Meanwhile, any reduction in marketing budgets could impact cell phone subsidies, warned the analyst. Mobile carriers China Telecom (CHA) and China Mobile (CHL) both subsidize sales of iPhone in China. Despite his warning, Milunovich kept a $700 price target and Buy rating on Apple. PRICE ACTION: In afternoon trading, Apple shares were virtually unchanged near $635.
News For AAPL;CHA;CHL From The Last 14 Days
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September 9, 2014
06:18 EDTAAPLNXP Semiconductors volatility low into Apple event
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06:15 EDTAAPLSynaptics volatility low into Apple event
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September 8, 2014
16:00 EDTAAPLOptions Update; September 8, 2014
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13:59 EDTAAPLApple tests support ahead of product announcement
The shares are down less than a percent to $98.20 ahead of Tuesday's expected product announcements. At that price the shares are below the 30-week moving average, but above the 50-week moving average at $96.92. So far there appears little in the way of significant technical damage in spite of recent concerns from the sell-side community. A breakdown tomorrow below the 50-day moving average following the announcements would be cause for greater concern. A move below $95 would break the intermediate-term uptrend on a technical basis. Conversely a move back above the $101 area, near the 10-day moving average, would signal an all-clear on a technical basis for higher prices. The life high for the shares is at $103.74.
13:51 EDTAAPLApple may launch both iPhone models on Sept 19, Apple Insider reports
Apple may launch both iPhone 6 models on September 19, reports Apple Insider. Citing rumors from iGen.fr, the larger 5.5-inch model may not lag behind the 4.7-inch model after all although quantities of the larger version could be limited. Reference Link
11:19 EDTAAPLApple begins sending email alerts when iCloud accounts assessed, MacRumors says
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11:15 EDTAAPLApple to unveil a new product
The product launch will be held on September 9 at 1 pm. Webcast Link
09:56 EDTAAPLGT Advanced risk profile 'neutral at best' into Apple event, says Canaccord
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09:40 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:29 EDTAAPLCraig-Hallum says Integrated Device likely in Apple iWatch
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09:25 EDTAAPLAlleged leaked images of Apple's iWatch show mic, speaker, Siri, 9to5Mac says
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08:40 EDTAAPLApple volatility increases into September 9 press event
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07:35 EDTAAPLAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:22 EDTAAPLFormer GT Advanced manager points to sapphire covers at Apple, MacRumors says
While neither Apple (AAPL) nor GT Advanced (GTAT) have confirmed that Apple plans to use sapphire covers for its upcoming iPhones, a former product manager at GT claims on his LinkedIn profile that he played a key role in selling Apple on sapphire display covers for its "mobile devices," according to MacRumors, citing a prior report from TechViking. Reference Link
06:44 EDTAAPLApple's iWatch could have own App Store, will run third-party apps, 9to5Mac says
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06:24 EDTAAPLGT Advanced September volatility elevated into Apple event
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06:21 EDTAAPLSmartwatch market to reach $10B by 2018, says Citigroup
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September 7, 2014
20:37 EDTAAPLApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
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