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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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December 10, 2014
06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPLOptions Update; December 9, 2014
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10:35 EDTAAPLApple falls, levels to watch
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10:23 EDTMOn The Fly: Analyst Downgrade Summary
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:14 EDTMMacy's downgraded at Atlantic Equities
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08:06 EDTMMacy's downgraded to Neutral from Overweight at Atlantic Equities
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08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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12:38 EDTAKAMAkamai management to meet with Pacific Crest
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07:28 EDTAKAMFBN Securities to hold a bus tour
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 7, 2014
18:15 EDTCZRCaesar's REIT plan faces creditor resistance, WSJ says
Caesar's plan to convert its largest unit into a real-estate investment trust or REIT is facing some objections from creditors, muddling the casino operators ambition of reducing the unitís $18.4B debt, says the Wall Street Journal. Reference Link
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