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Stock Market & Financial Investment News

News Breaks
February 7, 2013
16:42 EDTM, CZR, GMCR, TRLG, AAPL, AKAM, VSATOn The Fly: Closing Wrap
Stocks on Wall Street were lower though the averages recovered to finish well off the lows reached near midday... ECONOMIC EVENTS: In the U.S., jobless claims fell 5K from the prior week to 366K, versus expectations for 360K claims. Nonfarm productivity fell 2.0% in Q4, versus an expected decrease of 1.4%. In Europe, the European Central Bank and the Bank of England both left their benchmark interest rates unchanged... COMPANY NEWS: Activist investor David Einhorn and his fund, Greenlight Capital, said a legal action has been initiated against Apple (AAPL) over the company's refusal to unbundle three distinct corporate governance proposals, alleging that the bundling breaks SEC rules. Einhorn also said Apple rejected his idea for the creation of a "perpetual preferred stock," which he contends could unlock value for holders of the common shares. Late in the session, Apple issued a statement in response to Einhorn's comments, saying that the company's board has been in active discussion about returning additional capital to shareholders. Following the company's statement Apple shares spiked higher, settling up $13.55, or 2.98%, to $468.25... Caesar's Entertainment (CZR) was among the casino names trading higher following news that New Jersey governor Chris Christie will conditionally allow the state of legalize Internet gambling. Caesar's rose $1.58, or 18.61%, to $10.07... MAJOR MOVERS: Among the notable gainers after earnings reports that spurred analyst upgrades were ViaSat (VSAT), up $9.55, or 24.03%, to $49.29, and True Religion (TRLG), up $5.25, or 22.11%, to $29.00. Also higher were shares of Macy's (M), up 79c, or 2%, to $40.27 after the company reported January same-store sales rose 11.7% and raised its Q4 EPS view. Among noteworthy losers was Akamai (AKAM), down $6.32, or 15.2%, to $35.26 after the company's Q1 revenue view came in below Street estimates and shares were downgraded at Jefferies and Janney Capital. Also lower after its earnings report was Green Mountain (GMCR), down $2.62, or 5.35%, to $46.32 in spite of beating Q1 earnings expectations and raising its FY13 EPS view... INDICES: The Dow was down 42.47, or 0.30%, to 13,944.05; the Nasdaq was down 3.35, or 0.11%, to 3,165.13; and the S&P 500 was down 2.73, or 0.18%, to 1,509.39.
News For AAPL;CZR;VSAT;TRLG;M;AKAM;GMCR From The Last 14 Days
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January 27, 2016
09:37 EDTAAPLApple drops after earnings and outlook
Shares are down over 4% to $95.82 following earnings and outlook announced after the close yesterday. At current price support is at the 52-week low at $92. Resistance is at $96.87.
09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:12 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
08:16 EDTAAPLApple set-up 'increasingly attractive,' says Bernstein
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08:11 EDTAAPLApple guidance better than feared, says Morgan Stanley
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08:02 EDTAAPLApple price target lowered to $120 from $140 at Stifel
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07:57 EDTAAPLCiti recommends buying Skyworks on Apple weakness
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07:49 EDTAAPLApple revenue view already factored in Skyworks, Qorvo shares, says Stephens
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07:45 EDTAAPLApple price target lowered to $130 from $145 at Citi
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07:39 EDTAAPLApple price target lowered to $130 from $150 at FBR Capital
FBR Capital analyst Daniel Ives says Apple CEO Tim Cook "finally ripped the band-aid off" and lowered the company's outlook based on softer iPhone 6S demand and a choppy macro environment. Apple has a "few tough quarters ahead" pending the iPhone 7 buildup later this year, Ives tells investors in a post-earnings research note. He lowered his price target for the iPhone maker to $130 from $150 and keeps an Outperform rating on the name.
07:36 EDTAAPLApple price target lowered to $120 from $130 at UBS
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07:33 EDTAAPLApple to remain range bound , says RBC Capital
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07:23 EDTAAPLApple guidance more firm than expected, says Brean Capital
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07:18 EDTAAPLApple outlook still positive, says Oppenheimer
After Apple's guidance indicated that iPhone sales would decline during the current quarter, Oppenheimer nonetheless believes that the company's "growth potential in China and other emerging markets has not been fully realized." The firm says that patient investors in the stock will be rewarded. It keeps a $120 price target and Outperform rating on the shares.
07:03 EDTAAPLDeutsche still sees limited catalysts for Apple shares
Deutsche Bank analyst Sherri Scribner says Apple's March quarter guidance implies a "significant decline" year-over-year in iPhone units, which likely drives a decline for FY16. The analyst remains concerned about the lack of growth in iPhone units this year, the slowdown in China sales and gross margin pressure following Apple's Q1 results. She sees limited catalysts for the shares in the near term and expects the stock to be range-bound. In a post-earnings research note titled "Is Apple season over?", Scribner keeps a Hold rating on the iPhone maker with a $105 price target.
06:59 EDTAAPLOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:35 EDTAAPLiPhone 7 Plus may include dual camera system, 9to5Mac reports
Apple's iPhone 7 Plus will likely include a dual-camera system, 9to5Mac reports, citing Apple analyst KGI securities. By using two separate lenses, Apple can use the additional image data to create higher quality pictures, the report says. Reference Link
06:28 EDTAAPLApple reported strong Q1 but guided weak for Q2, says JPMorgan
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06:20 EDTAAPLPiper's Munster says Apple remains top pick for 2016
Piper Jaffray analyst Gene Munster believes Apple's "insistence on broader macroeconomic headwinds" during its Q1 earnings conference call "may have spooked investors." He points out shares are trading down 3% despite iPhone guidance coming in above buy-side expectations. If macro headwinds remain an issue for Apple, the entire market would be impacted and the iPhone maker would be a relative winner, Munster tells investors in a post-earnings research note. He believes investors will view the safety of Apple's capital return program as a positive. Munster still predicts multiple expansion for Apple given the iPhone 7 and easier comps at the end of the year. The analyst lowered his price target for the stock to $172 from $179 but says Apple remains his top pick for 2016.
05:47 EDTAAPLTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
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