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Stock Market & Financial Investment News

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January 14, 2013
12:23 EDTHRB, BIDU, QIHU, HGG, VRNT, NICE, CMVT, AZK, TNTEY, UPS, QCOM, TQNT, CRUS, AAPLOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with the Dow clinging to modest gains and Apple's (AAPL) decline weighing on the Nasdaq. The earnings calendar, like the economic calendar, was light today but earnings season will pick up in earnest this week with reports due from some of the biggest names in the financial industry, including JPMorgan (JPM), Citibank (C), Bank of America (BAC), Morgan Stanley (MS), Goldman Sachs (GS), U.S. Bancorp (USB) and Capital One (COF)... ECONOMIC EVENTS: In the U.S., no major economic data was reported. After the close, Federal Reserve Chairman Ben Bernanke is scheduled to speak at the University of Michigan, which will be closely monitored by those on the Street... COMPANY NEWS: Shares of Apple are down about 3% but back above the psychologically and technically important $500 level near noon after a dip below that round number at the open. The weakness has been attributed to a Wall Street Journal report from over the weekend citing sources that claim Apple has cut its orders for iPhone 5 components due to weak demand. The report also dented several of Apple's component suppliers, including Cirrus Logic (CRUS), down 8%, TriQuint (TQNT), down 1%, and Qualcomm (QCOM), also down 1%... UPS shares rose over 1% after the company announced it will drop its pursuit of TNT Express (TNTEY) after concluding their proposed merger would not be allowed in the EU. Following the announcement, UPS shares were upgraded to Buy at Deutsche Bank and to Market Perform at Avondale... MAJOR MOVERS: Among the notable gainers was Aurizon Mines (AZK), which rose 33% after Alamos Gold launched an offer to buy the miner for C$780M. Also higher were shares of Comverse Technology (CMVT), Verint Systems (VRNT) and Nice Systems (NICE) which all rose about 7% following a report from Globes that said Verint and Nice are in tie-up talks. Verint Systems signed a merger agreement with Comverse in August of last year. Among the noteworthy losers were hhgregg (HGG), down nearly 9% after cutting its yearly earnings view, and Qihoo 360 (QIHU), down over 5% after reports that Baidu (BIDU) is making a strategic investment in one of its key competitors. Also lower were shares of H&R Block, which slid 3.7% following a downgrade to Underweight at Morgan Stanley... INDICES: Near noon, the Dow was up 4.49, or 0.03%, to 13,492.92; the Nasdaq was down 14.84, or 0.47%, to 3,110.79; and the S&P 500 was down 3.72, or 0.25%, to 1,468.33.
News For AAPL;CRUS;TQNT;QCOM;UPS;TNTEY;AZK;CMVT;NICE;VRNT;HGG;QIHU;BIDU;HRB From The Last 14 Days
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August 12, 2014
07:33 EDTQCOMQualcomm's subsidiary enters into collaboration to develop health solutions
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06:24 EDTAAPLApple readies Healthkit launch despite complicated regulations, Reuters says
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06:19 EDTAAPLApple suppliers begin production of next-generation iPads, Bloomberg says
Apple suppliers began production of next-generation iPads as the tech firm looks to reignite the popularity of tablet computers after it experienced two consecutive quarters of sales declines, according to Bloomberg, citing people with knowledge of the matter. Reference Link
05:47 EDTAAPLApple December quarter margins likely down sequentially, says Piper Jaffray
Piper Jaffray says itís likely that Apple's December quarter margins decline quarter-over-quarter due to the impact of the updated iPhone 6. Piper does not view the potential margin decline as a long-term negative, however, noting that Apple showed with the iPhone 5S that margins can expand as the company moves away from new design launches. Piper says it remains a buyer of Apple shares with an Overweight rating and $105 price target.
August 11, 2014
16:00 EDTAAPLOptions Update; August 11, 2014
iPath S&P 500 VIX Short-Term Futures down 1.33 to 31.90. Option volume leaders: AAPL KMI MNKD PBR AMZN SCTY TWTR TSLA according to Track Data.
15:22 EDTNICEOppenheimer to hold a conference
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10:07 EDTAAPLVirnetX says court denies Apple motion in patent suit
VirnetX (VHC) announced that on August 8 the U.S. District Court for the Eastern District of Texas, Tyler Division, issued its patent claim construction, or "Markman" Order and ruled on a VirnetX motion in the ongoing patent infringement action between VirnetX and Apple (AAPL). Both parties had presented arguments on the disputed terms along with various other motions at a Markman hearing on May 20. In the Markman order, the court denied Apple's Motion for Summary Judgment of Indefiniteness, in which Apple alleged that some of the disputed claims terms in the patents asserted by VirnetX were invalid for indefiniteness. In a separate order, the court granted in part and denied in part VirnetX's Motion for Partial Summary Judgment on Apple's Invalidity Counterclaims. The court's order precludes Apple from asserting invalidity as a defense against infringement of the claims that were tried before a jury in VirnetX's prior litigation against Apple. Apple is not precluded from asserting invalidity as a defense against infringement of the claims that were not tried before a jury in the Apple I case. "We are extremely pleased with the court's rulings and we remain confident in the merits of our complaint against Apple," said Kendall Larsen, VirnetX CEO and President. "We believe the court's Markman Order and motion ruling represents another significant step towards the successful resolution of this litigation."
09:36 EDTAAPLActive equity options trading on open
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06:23 EDTAAPLGoogle testing "Listen Now" music ads, WSJ reports
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August 10, 2014
16:51 EDTAAPLCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTAAPLU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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16:00 EDTAAPLOptions Update; August 8, 2014
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11:51 EDTQCOMNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
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10:04 EDTNICENICE Systems management to meet with JPMorgan
Meeting to be held in New York on August 13 hosted by JPMorgan.
09:37 EDTAAPLActive equity options trading on open
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07:31 EDTAAPLChina refutes report of Apple product procurement ban, Re/code reports
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August 7, 2014
16:00 EDTAAPLOptions Update; August 7, 2014
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09:36 EDTAAPLActive equity options trading on open
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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