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News Breaks | | | | January 14, 2013 | | 12:23 EDT |  | QIHU, NICE, HRB, HGG, BIDU, VRNT, AZK, QCOM, AAPL, TNTEY, TQNT, CMVT, UPS, CRUS | On 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. | |
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News For AAPL;CRUS;TQNT;QCOM;UPS;TNTEY;AZK;CMVT;NICE;VRNT;HGG;QIHU;BIDU;HRB From The Last 14 Days Check below for free stories on AAPL;CRUS;TQNT;QCOM;UPS;TNTEY;AZK;CMVT;NICE;VRNT;HGG;QIHU;BIDU;HRB the last two weeks. |
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| May 21, 2013 | | 16:26 EDT | | HGG | On The Fly: Closing Wrap
 Subscribe for More Information | | | 16:04 EDT |  | AAPL | Options Update; May 21, 2013
Subscribe for More Information | | | 12:36 EDT | | HGG | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:38 EDT | | HGG | High option volume stocks: KOS MWE HGG SOL MDT
| | | 11:34 EDT |  | HGG | hhgregg downgraded to Neutral from Buy at B. Riley
| | | 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:34 EDT |  | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. | | | 09:25 EDT |  | HGG | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:12 EDT |  | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link | | | 07:50 EDT |  | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link | | | | 07:32 EDT | | QCOM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
Subscribe for More Information | | | May 20, 2013 | | 19:01 EDT | | HGG | On The Fly: After Hours Movers
Subscribe for More Information | | | 17:12 EDT | | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
Subscribe for More Information | | | 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. | | | 16:18 EDT | | HGG | hhgregg falls sharply after results, first look
The stock is down over 7.7% to $14.40 in the extended session following results. At that price, next support would be at $14.06, and then at $13.73. Resistance is at $14.88. | | | 16:05 EDT |  | HGG | hhgregg sees FY14 EPS 75c-90c, consensus 79c
Sees FY14 SSS down 2.5% to flat. Sees FY14 net sales growth 1%-3.5%. The company expects to open 5 new stores in FY14. | | | 16:03 EDT | | HGG | hhgregg reports Q4 EPS 31c, consensus 30c
Reports Q4 revenue $597.6M, consensus $622.57M. Reports Q4 SSS down 9.8%. | | | 16:02 EDT | | BIDU, AAPL | Options Update; May 20, 2013
Subscribe for More Information | | | 15:19 EDT | | AAPL | Apple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link | | |
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