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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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February 20, 2015
11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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11:02 EDTAAPLApple electric car could be 'iPhone of the Future,' says Cantor
Cantor Fitzgerald analyst Brian White says he believes an electric car from Apple has the potential to be the "iPhone of the Future." White, in a note to investors today, added that he doubts Apple's reach will stop there. He believes the personal robot category offers "great potential over the next decade and fits well with Apple's skill set." White thinks the reports of an electric car show innovation at the tech giant continues. He keeps a Buy rating Apple shares with a $160 price target. The stock is up 30c it morning trading to $128.71.
11:00 EDTAAPLApple electric car could be 'iPhone of the Future,' sys Cantor
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10:06 EDTNICENICE Systems management to meet with FBR Capital
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09:38 EDTAAPLActive equity options trading on open
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06:41 EDTAAPLApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:20 EDTAAPLApple price target raised to $145 on increasingly bullish outlook at Goldman
Goldman raised Buy rated Apple's price target to $145 from $130 based on increased confidence in platform momentum, sustained iPhone growth, and the potential for the Apple Watch. The firm believes risk/reward is more balanced following the recent 20% upside move but sees further upside given the aforementioned factors and the near-term catalysts from the April watch launch, updates on capital allocation, and a likely March quarter beat.
04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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February 19, 2015
16:01 EDTAAPLOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
12:58 EDTAAPLRecent Apple hires have backgrounds in automotive hardware, 9to5Mac says
Many of the automotive experts poached by Apple (AAPL) come from automotive hardware backgrounds, strongly hinting at development beyond automotive software, reports 9to5Mac, citing sources close to the company. The new hires have backgrounds in motor and gearbox design, safety components, transmissions, power trains, drive trains, electric vehicle batteries, hybrid vehicles, interior vehicle components, and other areas. Reference Link
11:51 EDTAAPLCiti, RBC lay out reasons to be bullish on Apple
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10:15 EDTQCOMQualcomm spikes on activist speculation, levels to watch
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10:07 EDTQCOMQualcomm calls active on speculation of an activist investor stake
Qualcomm February 70 and 71 calls are active on 12K contracts (1K puts) on speculation of an activist investor stake. February call option implied volatility is at 20, March is at 19; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTQCOMRumor: Qualcomm moves up on speculation of an activist investor stake
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09:35 EDTAAPLOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
08:50 EDTAAPLApple could return $150B-$200B to shareholders, says RBC Capital
RBC Capital believes that Apple could return $150B-$200B to its shareholders over the next three years. The firm expects the company to return 100% of its annual free cash flow to shareholders. It raised its price target on the name to $140 from $130 and keeps an Outperform rating on the stock.
08:21 EDTAAPLApple Pay faces resistance from China, MarketWatch says
Apple (AAPL) is attempting to launch Apple Pay in China, but a People's Bank of China official stated the company has not acknowledged regulators and "it's unclear whether the product meets the government’s requirements,” while talks with state-owned card payment operator UnionPay "have stalled" according to sources close to the companies, reports MarketWatch. Alibaba (BABA) currently operates the similar Alipay service and an Alibaba employee stated the two companies "have stayed in contact and are preparing for several projects," but because all payments go through UnionPay, Apple's entry into the market is ultimately controlled by the state-owned firm. The Chinese government has raised numerous concerns regarding Apple Pay, and is demanding the company open a mainland China data center to house customer information. Reference Link
08:15 EDTAAPLWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
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06:39 EDTAAPLA123 Systems sues Apple for poaching employees, WSJ reports
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06:22 EDTAAPLCiti lists five reasons for why Apple shares are going higher
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