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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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July 21, 2014
09:38 EDTAAPLActive equity options trading on open
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08:17 EDTAAPLApple upgraded at JMP Securities
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07:14 EDTAAPLApple should be owned into tomorrow's results, says Piper Jaffray
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06:42 EDTAAPLApple price target raised to $115 from $100 at UBS
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05:57 EDTAAPLApple upgraded to Outperform from Market Perform at JMP Securities
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July 20, 2014
13:06 EDTAAPLFormer Obama spokesman Carney said to consider job at Apple, Bloomberg says
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July 18, 2014
16:47 EDTAAPLMarket ends week higher as earnings, M&A offset geopolitical tensions
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16:03 EDTAAPLOptions Update; July 18, 2014
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11:03 EDTAAPLEU says Google adding 'in-app' purchase protections, Apple yet to commit
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10:33 EDTAAPLSkyworks price target raised to $62 from $56 at Craig-Hallum
Craig-Hallum increased its price target on Skyworks (SWKS) after the company's Q3 results surpassed its guidance, and the company issued guidance for its September quarter that the firm views as strong. The firm thinks the company's annual EPS is moving towards $5. It expects the company to benefit from the launch of Apple's (AAPL) iPhone 6 and the recent popularity of Internet of Things devices. Craig-Hallum thinks the shares look cheap and reiterates a Buy rating on the shares.
09:48 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
07:49 EDTAAPLEU says Apple should do more to battle in-app purchases issue, Reuters says
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06:58 EDTAAPLReport says iPhone 6 begins mass production this month, Reuters says
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July 17, 2014
16:40 EDTAAPLBill Campbell retires from Apple's board, replaced by Susan Wagner
Apple (AAPL) announced that Susan Wagner, founding partner and director of BlackRock (BLK), has been elected to Apple's board. Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. Wagner co-founded BlackRock in 1988, holding a range of leadership positions including vice chairman until mid-2012.
16:01 EDTAAPLOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
15:05 EDTAAPLEarnings Preview: IBM reports after Apple deal, dividend hike
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14:51 EDTAAPLApple heads lower to test of support, levels to watch
The shares are heading lower, last at $93.48. At that price the stock is just above uptrend support at the 30-day moving average, last at $93.11. A break below the 30-day moving average would set the stage for a test down to the 50-day moving average at $90.57. Resistance is at $95.10, the 10-day moving average.
14:44 EDTAAPLAsus tablet sales in Japan top Apple in first half of year, Nikkei says
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13:33 EDTAAPLAmazon.com reportedly deveoping Android app for Prime content, Cnet says
Amazon (AMZN) may soon release an app that would enable users of Google's (GOOG) Android operating system to stream content from Amazon's Prime Instant Video, PC Advisor reported, according to Cnet. Currently Amazon's Kindle Fire tablets and Apple's (AAPL) iPads are the only mobile devices that can access content from Prime, Cnet stated. Reference Link
09:40 EDTAAPLActive equity options trading on open
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