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Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:06 EDTCHA, AAPL, 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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January 21, 2015
08:37 EDTAAPLSkyworks shares should be bought ahead of results, says Pacific Crest
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08:11 EDTAAPLApple acquires music analytics company Semetric, Guardian says
Apple (AAPL) acquired British startup Semetric as it prepares to relaunch its Beats Music streaming service, reports The Guardian. Semetric owns the Musicmetric analytics tool, giving music industry clients the ability to track legitimate sales and streaming downloads, illegal pirate downloads, and social media activity. The Guardian notes that Apple may be looking to undercut Spotify's subscription rates and rebrand Beats Music under its iTunes label. Reference Link
07:41 EDTAAPLApple volatility at upper end of five-year range into Q1
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07:26 EDTAAPLApple Q4, Q1 results likely to beat expectations, says Oppenheimer
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06:13 EDTAAPLApple's rumored iPhone 6S could feature 'radical' changes, Forbes reports
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05:53 EDTAAPLTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
16:00 EDTAAPLOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
09:38 EDTAAPLActive equity options trading
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
January 18, 2015
13:45 EDTAAPLGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:00 EDTAAPLOptions Update; January 16, 2015
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15:10 EDTAAPLApple volatility at upper end of five-year range
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08:47 EDTAAPLIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:09 EDTAAPLApple price target raised to $123 from $120 at RBC Capital
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06:27 EDTAAPLSamsung names Lee Don-tae as global design team leader, Korea Joongang says
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06:25 EDTAAPLApple to open five new stores in China in next five weeks, Xinhua News reports
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06:11 EDTAAPLEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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06:11 EDTAAPLApple implied volatility of 41 at upper end of index mean range
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06:10 EDTAAPLGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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05:59 EDTAAPLIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
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