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Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:06 EDTAAPL, CHL, CHAApple 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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June 24, 2015
07:45 EDTAAPLSharp asking suppliers to cut prices for LCD parts, WSJ says
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06:12 EDTAAPLiPhone 6 resale value suggests strong demand, says Piper Jaffray
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06:00 EDTAAPLGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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June 23, 2015
18:27 EDTAAPLLiquidmetal, Apple extend intellectual property agreement
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16:00 EDTAAPLOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
12:54 EDTAAPLPC concerns weighing on shares of Seagate, Western Digital
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09:36 EDTAAPLActive equity options trading on open
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09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
06:05 EDTAAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
05:56 EDTAAPLEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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June 22, 2015
19:36 EDTAAPLApple Music artist royalties may be 'insignificant' during trial, WSJ says
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16:00 EDTAAPLOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
14:42 EDTAAPLOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:33 EDTAAPLApple iPhone redesign without home button not before 2017, AppleInsider says
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09:40 EDTAAPLActive equity options trading on open
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08:09 EDTAAPLMasimo receives CE Mark for MightySat Rx pulse oximeter
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07:46 EDTAAPLApple CEO: Chinese consumer tastes weighed in product designs, Bloomberg says
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05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
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