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Stock Market & Financial Investment News

News Breaks
January 14, 2013
12:23 EDTHRB, HGG, BIDU, VRNT, QIHU, NICE, CMVT, UPS, CRUS, AZK, QCOM, AAPL, TNTEY, TQNTOn 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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November 19, 2014
06:42 EDTAAPLiPhone 7 could include 'biggest camera jump ever,' TheTechBlock reports
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06:40 EDTAAPLSome iPhone 6 Plus users say rear camera doesn't focus, Business Insider reports
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06:04 EDTAAPLApple to pay $23.6M to Mobile Telcommunictions in lawsuit, Re/code reports
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November 18, 2014
16:00 EDTAAPLOptions Update; November 18, 2014
iPath S&P 500 VIX Short-Term Futures down 48c to 28.09. Option volume leaders: AAPL TSLA TWTR KO PBR GILD according to Track Data.
11:53 EDTAAPLSamsung to make foldable smartphone displays, ZDnet says
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10:10 EDTUPSUPS management to meet with Stephens
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09:32 EDTAAPLActive equity options trading according to Track Data: AAPLTSLA TWTR FB
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08:26 EDTAAPLApple Pay now available in all BI-LO, Harveys, Winn-Dixie grocery stores
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08:01 EDTAAPLApple price target raised to $130 from $115 at Oppenheimer
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07:16 EDTAAPLSamsung to produce APs for iPhones, iPads beginning in 2015, Korea Times reports
According to the Korea Times, sources say that Apple (AAPL) will outsource the bulk of its application processors manufacturing to Samsung (SSNLF) for iPhones and iPads starting in 2015. This agreement will cause Samsung to become a primary supplier of APs to Apple, moving Taiwan Semi (TSM) into second place. Reference Link
06:28 EDTAAPLNokia to launch Android tablet, FT reports
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06:04 EDTQCOMQualcomm to host analyst meeting
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November 17, 2014
17:36 EDTUPSUPS says any unplanned surge during holiday may cost customers, Reuters says
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16:00 EDTAAPLOptions Update; November 17, 2014
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13:57 EDTQCOMQualcomm volatility flat into analyst meeting
Qualcomm November call option implied volatility is at 22, December and January is at 20, February is at 21; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into a company sponsored analyst meeting on November 19
11:14 EDTAAPLApple price target raised to $120 from $115 at RBC Capital
RBC Capital earlier increased its price target on Apple as the firm estimates that the company's watch will generate $10B in revenue and 40c in EPs in the first 12 months after it's released. The firm increased its FY15 sales estimates for the company by $6.5B and raised its FY15 EPS estimate by 24c. It keeps an Outperform rating on the shares.
09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
09:16 EDTTQNTRF Micro Devices and TriQuint recommended at Craig-Hallum
Craig-Hallum recommends RF Micro Devices (RFMD) and TriQuint (TQNT) and believes the combined company will imply EPS in the $1.40 range. The analyst said the RF Semi space has some of the best growth in tech and reiterates its Buy ratings for both companies.
08:27 EDTBIDUBaidu rumored to buy payment operator 99Bill, Marbridge Daily says
Baidu has struck a deal to acquire Chinese third-party payment provider 99Bill for RMB 2B, according to TechWeb, reported Marbridge Daily. Reference Link
November 16, 2014
20:04 EDTAAPLApple: App Store adds UnionPay as payment option for customers in China
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