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Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:06 EDTCHL, CHA, AAPLApple 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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August 20, 2015
09:48 EDTCHAChina Telecom upgraded to Neutral from Sell at Citi
09:36 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLApple iPhone 6S may not pressure gross margins, says Bernstein
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08:33 EDTCHA, CHLChina Telecom results 'relatively strong,' says Bernstein
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06:13 EDTAAPLApple's Australian bonds raise $1.2B within two hours, SMH reports
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06:07 EDTAAPLApple's 12.9-inch iPad to feature displays from Sharp, DigiTimes reports
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August 19, 2015
19:13 EDTAAPLSamsung to ask Supreme Court to review Apple patent ruling
Samsung (SSNLF) has filed court documents indicating it will ask the U.S. Supreme Court to hear an appeal of its Apple (AAPL) patent fight. Reference Link
17:44 EDTAAPLApple iPhone 6s to feature stronger metal body, MacRumors says
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16:00 EDTAAPLOptions Update; August 19, 2015
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11:14 EDTAAPLApple to open first Middle East store this year, Bloomberg reports
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09:33 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
07:52 EDTAAPLAnalog Devices growth being driven by Apple, says Jefferies
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06:35 EDTAAPLApple Stores to shift iPod stock to shelves, drop iPad smart signs, 9to5Mac says
Apple plans to make changes at its stores by relocating iPod stock to accessory shelves and removing iPad-based Smart Signs, 9to5Mac reports, citing several Apple Retail managers briefed on the plans. Apple will start to roll out these changes overnight on Tuesday of next week in the U.S., the report says. Reference Link
August 18, 2015
18:43 EDTAAPLApple denies report of 48% Apple Music retention rate, The Verge says
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16:00 EDTAAPLOptions Update; August 18, 2015
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15:54 EDTAAPL48% of Apple Music listeners give up streaming, Cult of Mac says
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09:39 EDTAAPLActive equity options trading on open
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06:30 EDTAAPLU.S. PTO views Apple D'677 iPhone design patent as invalid, Foss Patents says
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06:15 EDTAAPLNew Apple TV's OS to be TV-optimized version of iOS 9, 9to5Mac reports
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05:55 EDTAAPLQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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