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Stock Market & Financial Investment News

News For AAPL;DDAIF;VLKAY;F;HMC;NSANY;TSLA;GM;FIATY;TM;EADSY;BA From The Last 14 Days
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October 1, 2014
16:26 EDTAAPLJudge grants Apple's motion for summary judgement in WiLAN litigation
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16:23 EDTF, GMOn The Fly: Closing Wrap
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16:00 EDTTSLA, AAPLOptions Update; October 1, 2014
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14:36 EDTTSLATesla October volatility low as shares pullback
Tesla October weekly call option implied volatility is at 46, October is at 38, November is at 43, December is at 40; compared to its 26-week average of 46 according to Track Data, suggesting non-directional price movement.
13:42 EDTTSLATesla sold around 2,500 Model S sedans in September, InsideEVs reports
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13:09 EDTHMCHonda to cut production in Japan 20% over next few months, Nikkei says
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12:38 EDTFAppeals court rejects Ford's bid to recoup $450M in interest
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12:37 EDTF, GMOn The Fly: Midday Wrap
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12:11 EDTAAPLSkyworks sinks after report of weak Chinese smartphone sales growth
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11:41 EDTHMCGenera recalls headlamp assemblies used in Honda Acura ILX vehicles
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11:26 EDTGMGeneral Motors President Ammann says has "onslaught" of new models coming
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11:12 EDTGMGeneral Motors says expects European division to be profitable in 2016
Says has enough parts to fix ignition switches in recalled small cars. Says GM's joint ventures in China are planning to invest $14B from 2014-2018 to open five new vehicle- manufacturing plants and support sales of just under 5M vehicles annually. Says some brands "do not command the price they should." President Dan Ammann says industry going through "period of very profound change." Sees automotive industry changing more in the next 10 years than previous 50. Says wants Chevrolet to become a top 10 global brand. Says making strong margins in luxury sales. Says China's car market is maturing. Says will be in financing business in China in 2015.
10:52 EDTGMGM CEO says targeting profit margins of 9%-10% by early next decade
CEO Mary Barry says the automaker is targeting profit margins of 9%-10% on EBIT-adjusted basis by early next decade. Comments made on GM's 2014 global business conference call.
10:46 EDTHMCHonda reports September U.S. sales up 12% to 118,223 units
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10:45 EDTAAPLeBay retreats after multiple analyst downgrades
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10:36 EDTGMGeneral Motors outlines 'customer-focused strategic plan'
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10:32 EDTGMGeneral Motors reaffirms near-term financial targets
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10:30 EDTFFord says pullback in rental volumes is due competive pricing in that segment
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10:22 EDTTMToyota reports September U.S. sales up 1.7% to 167,279 units
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10:16 EDTFFord says pressure continues to mount on small cars
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10:16 EDTVLKAYVolkswagen reports September U.S. sales down 18.6% to 25,996 units
Volkswagen of America reported 25,996 units delivered in September, which was down 18.6% from the same month of last year.
10:14 EDTTMToyota reports September U.S. sales up 1.7%, Bloomberg says
10:05 EDTGMGM reports September U.S. sales up 19.4% to 223,437 vehicles
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09:56 EDTGMGeneral Motors reports September U.S. sales up 19.4%
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09:42 EDTAAPLApple may add gold color option to full-size iPads, Bloomberg reports
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09:34 EDTAAPL, TSLAActive equity options trading on open
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09:33 EDTFFord says sales tempered by managed F-Series volumes, rentals
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09:30 EDTFFord reports September U.S. sales down 2.7% to 180,175 vehicles
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09:22 EDTNSANYNissan reports September U.S. sale up 18.5%
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08:58 EDTBABoeing 777 American Airlines flight AA60 lands in Japan
AirLive.net said in a tweet that Boeing (BA) 777 American Airlines (AAL) flight AA60 has landed at Tokyo Narita airport in Japan. Reference Link
08:55 EDTBABoeing raised to Top Pick at Drexel Hamilton
Drexel Hamilton raised Boeing to a Top Pick and believes shares are poised to breakout over the next two quarters. The firm notes air traffic continues to grow, deferrals and cancellations are below historic rates, and load factors are raising. The firm expects free-cash-flow to grow double-digits in 2015-2017 as 787 inventory declines and margins to improve. The firm expects a solid Q3 and reiterates its Buy rating and $157 price target.
08:24 EDTNSANYNissan reports September U.S. sale up 18.5%, Bloomberg says
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08:22 EDTBABoeing 777 American Airlines flight AA60 declares emergency
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08:15 EDTAAPLInvenSense upgraded to Strong Buy from Buy at Needham
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08:12 EDTGMGeneral Motors to host business news update conference call
CEO Barra holds a two-part business news update conference call, with Part 2 being held on October 1 at 1:25 pm. Webcast Link
08:07 EDTGMGeneral Motors to host business news update conference call
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08:03 EDTFIATYChrysler ends September with 71 days supply of inventory
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08:02 EDTFIATYChrysler reports September U.S. sales up 19% to 169,890 units
Chrysler Group reported U.S. sales of 169,890 units, a 19% increase compared with sales in September 2013 and the group’s best September sales since 2005. “Continued consumer demand for our new Chrysler 200 mid-size sedan, our Jeep models, and the Ram pickup truck helped Chrysler Group achieve a 19 percent sales increase in September and our 54th-consecutive month of year-over-year sales growth,” said Reid Bigland, Head of U.S. Sales.
07:56 EDTBASyrian strikes sure to prompt calls to reconsider defense cuts, WSJ says
The expanded U.S. military campaign in the Middle East, including airstrikes in Syria, is expected to cost tens of billions of dollars in the short-term and is certain to put renewed pressure on the president and Congress to reconsider spending caps on the defense budget, according to The Wall Street Journal. Publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). Reference Link
06:47 EDTAAPLCompanies reacting to Apple Pay, NY Times says
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06:43 EDTAAPLApple's Beats Electronics files lawsuit against Lamar, Hollywood Reporter says
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06:35 EDTVLKAYVW testing three potential concepts for new Bugatti, Bloomberg says
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06:13 EDTAAPLABI: Branded tablets to disappoint with 2.5% growth in 2014, DigiTimes says
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06:10 EDTFFord of Canada to add over 1,000 new jobs at Oakville Assembly plant
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September 30, 2014
19:55 EDTBAFAA orders replacement of 1,300 pilot displays on Boeing Jets, WSJ says
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19:18 EDTAAPLApple, PayPal talks over Apple Pay soured due to Samsung, Bank Innovation says
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17:57 EDTFFord to invest aggressively in Asia, Nikkei reports
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16:00 EDTAAPL, TSLAOptions Update; September 30, 2014
iPath S&P 500 VIX Short-Term Futures up 37c to 31.18. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN HTZ DOW C F NFLX PBR according to Track Data.
13:17 EDTGMGM suspends operations at Russia plant for third time, WardsAuto says
General Motors has suspended operations at its plant in St. Petersburg, Russia, for the third time this year due to the country's continuous decline in auto sales, WardsAuto reports. Production was suspended Septermber 29, and is planned to resume October 3. The plant plans to suspend operations for a fourth time from October 10 to October 27, WardsAuto added. Reference Link
13:15 EDTAAPLInvenSense weakness on Apple concerns overdone, says Ascendiant
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12:03 EDTEADSYAirbus A350-900 receives Type Certification from EASA
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11:44 EDTGMOptions with increasing implied volatility
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11:29 EDTAAPLReport: Apple Watch mass production to start in January 2015, MacRumors says
Apple may begin mass production of its Apple Watch in January of 2015, reports MacRumors, citing a report from Taiwanese news source AppleDaily. Apple is working only with manufacturing partner Quanta to produce the device, which contradicts earlier rumors that Quanta would be handling the bulk of the production. Reference Link
11:28 EDTAAPLeBay 'acted responsibly,' payments industry 'must be consolidated,' Icahn says
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10:57 EDTAAPLApple denies selective treatment in Ireland tax deal, The Independent reports
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10:39 EDTTSLATesla factory reconfiguration could result in a Q3 miss, says Dougherty
Dougherty said Tesla "massively" underestimated Model S demand, requiring a reconfiguration in July and August. The firm believes the shutdown will result in a Q3 miss on production targets, but will result in long-term gross margin expansion and 2015 operating leverage. Dougherty lowered its 2014 estimates to 57c/$1.2B from 95c/$1.3B and raised 2015 to $2.22/$5.63B from 92c/$4.73B. Shares are Buy rated with a $325 price target.
10:20 EDTFFord continues to slide in wake of guidance, levels to watch
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10:02 EDTAAPLOn The Fly: Analyst Initiation Summary
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10:02 EDTTMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Outperform at FBR Capital... Addus HomeCare (ADUS) upgraded to Outperform from Perform at Oppenheimer... Alcoa (AA) upgraded at BofA/Merrill... Ashford Hospitality Prime (AHP) upgraded to Outperform from at FBR Capital... Associated British Foods (ASBFY) upgraded to Outperform from Neutral at Credit Suisse... CSC (CSC) upgraded at Raymond James... Century Aluminum (CENX) upgraded to Buy from Neutral at BofA/Merrill... Dominion Diamond (DDC) upgraded to Overweight from Equal Weight at Barclays... Flagstar Bancorp (FBC) upgraded to Neutral from Sell at BTIG... Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill... Hudbay Minerals (HBM) upgraded to Buy from Neutral at BofA/Merrill... ICU Medical (ICUI) upgraded at Raymond James... Lockheed Martin (LMT) upgraded at Stifel... Mellanox (MLNX) upgraded to Overweight from Neutral at Piper Jaffray... NiSource (NI) upgraded to Outperform from Neutral at Credit Suisse... Northwest Bancshares (NWBI) upgraded to Outperform at Boenning & Scattergood... NuVasive (NUVA) upgraded to Buy from Hold at Brean Capital... Patterson-UTI Energy (PTEN) upgraded to Equal Weight at Morgan Stanley... Raytheon (RTN) upgraded at Stifel... Royal Dutch Shell (RDS.A) upgraded to Outperform from Market Perform at Bernstein... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... TIBCO (TIBX) upgraded to Equal Weight from Underweight at Barclays... Taseko Mines (TGB) upgraded to Neutral from Underperform at BofA/Merrill... Teekay (TK) upgraded to Buy from Hold at Deutsche Bank... Toyota (TM) upgraded to Overweight from Neutral at JPMorgan.
10:02 EDTFOn The Fly: Analyst Downgrade Summary
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09:36 EDTTSLA, F, AAPLActive equity options trading on open
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08:46 EDTAAPLeBay says Apple could speed NFC adoption, would be good for PayPal
08:25 EDTGMGeneral Motors weekly volatility elevated into CEO unveiling financial strategy
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08:05 EDTAAPLeBay could be worth $62/share on sum-of-the-parts, says Piper Jaffray
Piper Jaffray says it still estimates the total valuation of eBay's two divisions at around $62 per share on a sum-of-the-parts basis. Piper believes Marketplace could be more attractive as an acquisition candidate post separation, which it notes investors have been thinking about since the Alibaba (BABA) IPO. The firm thinks competition from Apple Pay (AAPL) and Google Wallet (GOOG) will likely add some uncertainty to PayPal’s standalone valuation. Piper has a Neutral rating on eBay. The stock is up 9% to $57.25 after announcing it will spin off PayPal into a separate publicly traded company.
08:02 EDTFFord price target lowered to $19 from $22 at UBS
UBS lowered its price target on Ford to $19 from $22 following the company's highly anticipated investor day. UBS cited the company's disappointing 2015 guidance, although the firm views it as conservative. UBS maintains its Buy rating on Ford.
07:41 EDTFFord downgraded to Hold from Buy at Craig-Hallum
Price target is $17.
07:18 EDTFFord price target lowered to $15.50 from $18 at Credit Suisse
Credit Suisse lowered Ford's price target to $15 and reduced estimates following the 2014 guidance update and initial 2015 outlook citing broad-based weakness for both. The firm remains cautious on shares and reiterates its Neutral rating.
06:57 EDTAAPLRambus to benefit from Apple Pay, says Jefferies
Jefferies expects Apple Pay (AAPL) to raise interest in mobile payments as well as security requirements for mobile payments in Android-based devices. The firm thinks adoption of Rambus' (RMBS) Crypto Manager hardware based security solution will accelerate in mobile payment platforms and raised its price target for shares to $14 from $13.50. Jefferies keeps a Hold rating on Rambus, but notes its incrementally more positive on the stock.
06:49 EDTFIATYEC feels Fiat unit, Luxembourg tax deal might be state aid, Reuters says
A document published by the European Commission said that the agency told Luxembourg that it feels the country's tax agreement with a Fiat division could be state aid, according to Reuters, citing the commission. Reference Link
06:47 EDTTMToyota upgraded to Overweight from Neutral at JPMorgan
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06:42 EDTFFord October weekly volatility elevated, lowers profit target for year
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06:37 EDTFFord exec says aiming to cut worldwide car platforms to 9 from 15, Reuters says
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06:33 EDTAAPLApple suppliers ready for demand after iPhone 6 China approval, Reuters says
Now that Apple's IPhone 6 line-up has been approved for sale in China starting October 17, the company's suppliers are preparing for the influx of demand, according to Reuters, citing comments from sources within certain suppliers. Some of the sources said that their manufacturing capacity at this time of year is facing pressure, while others said that they weren't making iPhones at their optimum magnitude yet. Reference Link
06:30 EDTAAPLReport: Apple to receive iPad panels from Samsung in 2H14, DigiTimes says
Apple (AAPL) is expected to receive 9.7- and 12.9-inch iPad panels from Samsung (SSNLF) Display in 2H14, reports DigiTimes, citing Korean-based news source inews24. Samsung will reportedly dedicate most supply from a 5G Plane to Line Switching line to Apple. Reference Link
06:18 EDTGMGM CEO to unveil strategy to deliver profit, quality goals, WSJ reports
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06:18 EDTTMToyota upgraded to Overweight from Neutral at JPMorgan
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06:11 EDTAAPLEU says Apple tax deal with Ireland not at arm's length
In a letter to the Irish government, the European Commission said it is of the opinion that Apple's tax deal with Ireland does not "comply with the arm’s length principle." It added, "The Commission is of the opinion that through those rulings the Irish authorities confer an advantage on Apple. That advantage is obtained every year and on-going, when the annual tax liability is agreed upon by the tax authorities in view of that ruling...In the light of the foregoing considerations, the Commission’s preliminary view is that the tax ruling of 1990 and of 2007 in favour of the Apple group constitute State aid according to Article 107(1) TFEU. The Commission has doubts about the compatibility of such State aid with the internal market. The Commission has therefore decided to initiate the procedure laid down in Article 108(2) TFEU with respect to the measures in question. The Commission requests Ireland to submit its comments and to provide all such information as may help to assess the aid/measure, within one month of the date of receipt of this letter." Reference Link
05:53 EDTFStocks with implied volatility movement; F MCP
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05:40 EDTAAPLApple initiated with a Hold at Jefferies
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05:18 EDTAAPLApple iPhone 6, iPhone 6 Plus available in China on Friday, Oct. 17
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05:04 EDTBABoeing, AIr China announce delivery of first 747-8 Intercontinental
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September 29, 2014
20:06 EDTAAPLApple iCloud service down for some users across iOS, Mac, web, 9to5Mac says
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19:26 EDTAAPLApple iOS 8 bug erases users iWork documents from iCloud, MacRumors says
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18:22 EDTFOn The Fly: After Hours Movers
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18:06 EDTBABoeing confirms further consolidation of defense business
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17:21 EDTBAUnited Launch Services awarded $126.97M government contract modification
United Launch Services has been awarded a $126.97M firm-fixed-price modification to previously awarded contract FA8811-13-C-0003 to exercise an option for backlog transportation and order launch vehicle production services. Contractor will execute a requirement for the FY14 launch vehicle configuration of one Air Force Atlas V531 and the exercise of an option for backlog transportation. Work is expected to be completed by Aug. 15, 2015.
16:54 EDTBABoeing to announce further consolidation of defense business, Reuters says
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16:22 EDTFOn The Fly: Closing Wrap
Stocks on Wall Street opened sharply lower, as the volatility which was seen last week carried over. It was the sixth session in a row, and the eighth in the last ten, in which the Dow experienced a triple digit move. The early weakness was attributed to unrest in Hong Kong as pro-Democratic protesters forced the closing of 17 banks and many small businesses. The market was able to shrug off the early weakness and pared its losses, with the Nasdaq eventually crossing into positive territory for a brief time. The averages all ended the day in the red, but were much improved from the lows they hit right after the opening bell. ECONOMIC EVENTS: In the U.S., consumer spending increased 0.5% last month, which was a bit better than expected. Personal incomes increased 0.3% in August, which matched the consensus forecast of economists. The National Association of Realtors' pending home sales index fell 1.0% to 104.7 in August, which was worse than the expected drop of 0.5%. In Asia, Hong Kong's Hang Seng Index dropped nearly 2% as riot police advanced on protesters in the deepest unrest since China took back control of the colony two decades ago. In Europe's bond market, Italian and Spanish yields rose as Italy's Prime Minister Matteo Renzi faced rumors that he could be pressured to quit and leaders in Spain's Catalonia region called for a referendum to be held on independence. COMPANY NEWS: DreamWorks Animation (DWA) rallied $5.82, or 26.03%, to $28.18 after The Hollywood Reporter said yesterday that the company is in talks to be acquired by Japanese telecom company Softbank (SFTBF), the parent of U.S. wireless carrier Sprint (S). Softbank is negotiating to buy DreamWorks for $32 per share, or $3.4B, the report said, citing an unnamed source, though CNBC's David Faber and entertainment industry publication Variety were cautious about whether a deal will be consummated. Lionsgate (LGF), another movie maker recently linked to Softbank by The New York Post and to Vivendi (VIVHY) by Reuters, also rose $1.79, or 5.74%, to $32.99. MAJOR MOVERS: Among the notable gainers were a number of companies that agreed to be acquired. Ambit Biosciences (AMBI) surged $7.14, or 87.07%, to $15.34 after Daiichi Sankyo agreed to acquire all of its outstanding shares for $15 per share in cash plus one Contingent Value Right based on commercialization related milestones. Einstein Noah (BAGL) advanced $6.76, or 50.49%, to $20.15 after the bagel shop owner agreed to be acquired by JAB Holding Company for $20.25 per share in cash. Athlon Energy (ATHL) rose $11.59, or 24.8%, to $58.32 after striking a deal to be bought by Canadian energy giant Encana (ECA), which also gained 46c, or 2.18%, to $21.59 following the deal announcement. Among the noteworthy losers was Civeo Corporation (CVEO), which dropped $12.63, or 49.59% to $12.84 after the company decided against conversion to a real estate investment trust, or REIT, and said it will continue as C corporation and redomicile to Canada. Also lower were shares of Ford (F), which fell $1.22, or 7.47%, to $15.11 after the automaker said during its investor day presentation that it won't achieve its previously stated 2014 profit goal and now sees pre-tax profit of $6B for the fiscal year. INDEXES: The Dow slipped 41.93, or 0.25%, to 17,071.22, the Nasdaq fell 6.34, or 0.14%, to 4,505.85, and the S&P 500 dropped 5.05, or 0.25%, to 1,977.80.
16:09 EDTFFord sees 2014 pre-tax profit $6B, had seen $7B-$8B
16:06 EDTFFord says won't achieve 2014 profit goals, sees pre-tax profit of $6B
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16:00 EDTTSLA, AAPLOptions Update; September 29, 2014
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15:55 EDTFFord credit sees $1.8B-$1.9B profit in 2014
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15:40 EDTFFord sees Asia Pacific 2014 pre-tax profit $700M, sees higher profit in FY15
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15:28 EDTFFord sees European pre-tax loss about $1.2B in 2014
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15:15 EDTFFord expects large South America pre-tax loss in 2015, but improved from 2014
Sees difficult macroeconomic conditions to continue in 2015. Sees South American industry volume about flat, or around 5M-5.5M units. Sees South American volume growth of 20%-30% by 2020. Sees 7M-7.5M units by 2020. Sees South American operating margins around 7%-9% by 2020.
15:10 EDTFFord sees South America pre-tax loss about $1B in 2014
Cites substantial industry volume reduction, weaker currencies and higher inflation. Sees four product launches in South America in 2015, four in 2014.
15:04 EDTFFord sees seven North America product launches in 2015
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15:00 EDTNSANYNissan reports August global sales up 3% to 403,646 units
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14:57 EDTFFord sees North America FY14 operating margin at low end of 8%-9% range
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14:34 EDTAAPLApple iOS 8 said to contain security flaw with keyboard, BGR reports
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14:27 EDTFFord expects Lincoln global sales to triple by 2020
Sees Lincoln global sales reaching 300,000 units by 2020. Expects to invest heavily in the brand.
14:14 EDTFFord says global sales to increase 50% by 2020
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13:37 EDTFFord says plans in place to accelerate growth in China
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13:28 EDTAAPLHumana announces health application integration with Apple's HealthKit
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12:05 EDTTMToyota announces recall of 690,000 Tacoma trucks
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10:26 EDTGMReport says two more deaths connected to faulty GM switch, Reuters says
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10:13 EDTAAPLApple iMacs with retina displays in late testing stages, 9to5Mac reports
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09:37 EDTAAPL, TSLAActive equity options trading on open
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09:20 EDTAAPLOn The Fly: Pre-market Movers
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08:02 EDTFFord investing over $25M to install LED lighting in manufacturing facilities
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07:15 EDTFNational Association of Business Economics to hold annual meeting
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07:04 EDTFFord October weekly volatility elevated into investor day
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06:51 EDTTSLATesla first challenge in China may be getting chargers installed, WSJ reports
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06:49 EDTAAPLApple may launch iPhone 6 sales in China on October 10, Apple Insider says
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06:35 EDTEADSYAirbus expected to be granted A350 certification, Reuters says
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06:32 EDTAAPLDemand for Apple's iPhones waning in China, NY Times reports
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06:31 EDTAAPLMicrosoft to open flagship store on Fifth Avenue in NYC, WSJ reports
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06:25 EDTAAPLChina Times: iPhone 6 panel demand to reach 116M in 2014, DigiTimes says
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September 28, 2014
19:34 EDTAAPLEU to accuse Apple of illegal Irish tax dealings, FT says
Preliminary findings from the European Commission’s probe into Apple’s tax dealings in Ireland claim that the company prospered from illegal tax deals with the Irish government for more than twenty years and may result in a record fine for the iPhone maker, says the Financial Times. Reference Link
19:10 EDTAAPLApple continues with global roll out of latest iPhones, Bloomberg says
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15:25 EDTFIATY, AAPLEU regulators near publishing view on Apple, Fiat tax deals, WSJ says
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September 26, 2014
17:58 EDTBABoeing awarded $499.14M government contract
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16:55 EDTAAPLMarket ends week lower after inversion crackdown, mixed data
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16:01 EDTTSLA, AAPLOptions Update; September 26, 2014
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15:46 EDTF, GMOptions expected to be active next week
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12:12 EDTGMGM says S&P upgrade to support expansion plans, Automotive News reports
S&P's upgrade of GM and its financing arm, GM Financial, will support GM's plans to expand GM Financial into new overseas markets, the company's CFO said, according to Automotive News. The expansion, in turn, will help the company sell more cars around the world and improve customer loyalty, the website quoted Stevens as saying. Reference Link
11:14 EDTAAPLApple may release Mac Mini in October, Mac Rumors reports
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10:58 EDTBAAir Berlin cancels $5B order with Boeing
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10:27 EDTFBrunswick names Foulkes CTO
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10:16 EDTFFord issues safety recall for 850K 2013-2014 vehicles
Ford is issuing a safety recall for approximately 850,000 2013-2014 Ford C-MAX, Fusion, Escape and Lincoln MKZ vehicles in North America for a potential issue with the restraints control module. "In the affected vehicles, the restraints control module may experience a short circuit. If a short circuit occurs, the airbag warning indicator will illuminate. Depending on the location of the short circuit, the deployable restraint systems (e.g., airbags, pretensioners, side curtains) may not function as intended in the event of a crash, increasing the risk of injury," Ford said.
09:37 EDTTSLA, AAPLActive equity options trading on open
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08:46 EDTGMIsuzu and General Motors agree to jointly develop next-gen midsize pickup
Isuzu Motors and General Motors signed a formal agreement to jointly develop a next-generation midsize pickup. Isuzu and GM previously developed two generations of pickups that have been popular in more than 100 countries around the world due to their strong performance, fuel efficiency and durability. The next-generation midsize pickup is expected to be sold in several major markets around the world. It will not be sold in the U.S. or Canada. Reference Link
08:25 EDTAAPLApple weakness on bending concerns a buying opportunity, says Cantor
After the release of an online video showing that Apple's iPhone 6 Plus can be bent with excessive force, Cantor says that both of Apple's new iPhones felt "very durable," and the firm is not concerned that every day use will cause the devices to bend. Cantor thinks the recent decline in Apple's stock creates an opportunity for investors to benefit from Apple's next super cycle. It keeps a $123 price target and Buy rating on Apple.
08:03 EDTVLKAYVolkswagen recalls 2013 Audi Q7s due to engine valve defect
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07:06 EDTBAFAA proposes 787 operators to replace parts near battery, Reuters says
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06:42 EDTAAPLReport: Apple may release 12.9-inch iPad Pro in 2Q15, PhoneArena says
Apple may release its 12.9-inch iPad pro for Q2 of 2015, reports PhoneArena, citing sources from Tech News Taiwan. The larger iPad may be released along with the 3rd generation iPad mini, and the iPad Air 2 will feature 2GB of RAM. The iPad Pro is also rumored to be using an upgraded A8X processor. Reference Link
06:41 EDTEADSYAirbus exec says could add new A380 client by 2014 end, Reuters says
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06:39 EDTAAPLMost connected devices have security flaw, NY Times says
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06:39 EDTAAPLApple launches iOS 8.0.2 to amend iPhone 6 defects, Reuters says
Apple launched a new software update after some customers who recently purchased the iPhone 6 noted that they were experiencing call service interruptions and other issues due to a prior upgrade, according to Reuters, citing comments from company spokeswoman Trudy Muller. Muller noted that less than 40K iPhone 6 and iPhone 6 Plus phones were affected after downloading iOS 8.0.1, but iOS 8.0.2 amends the problems. Reference Link
06:16 EDTAAPLBCN: Japan overwhelmingly choose iPhone 6 over 6 Plus, Patently Apple says
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September 25, 2014
17:06 EDTAAPLAlphaOne's Dan Niles sees Apple taking back share this year
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16:37 EDTGMGM trades higher by 0.61% after S&P revises outlook to Stable
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16:27 EDTGMS&P upgrades GM, GM Financial to 'BBB-', outlook stable
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16:17 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower and suffered their worst day in nearly two months, with market participants pointing to a number of reasons for the broad-based weakness. Shares of Apple (AAPL) were a drag on the market, and particularly on the Nasdaq, as the tech giant slid after a number of reports pointed to customer issues with its new iPhone 6 and an update to its mobile operating system. Cautious comments about rates by a noted Federal Reserve "hawk" may have also contributed, as well as reports that Russia may respond to U.S. and EU sanctions with a new law that will allow it to seize foreign property within the country. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 12K to 293K in the week ended September 20, though this was below the consensus forecast for 296K new claims. Durable goods orders fell 18.2% in August following a 22.5% surge in July. However, excluding transportation, orders were up 0.7%, which was a bit above the forecast for a 0.6% increase. Additionally, the head of the Dallas Federal Reserve, Richard Fisher, said that the central bank may start raising rates in the spring of 2015, which is earlier than most market watchers expect. Also, a Reuters report that Russia has drafted a law that would allow it to seize foreign assets on Russian territory to compensate those impacted by sanctions or who have had their own property seized outside of Russia garnered significant attention. COMPANY NEWS: Apple declined $3.88, or 3.81%, to $97.87 after reports yesterday from various tech blogs said the company pulled a new update of iOS 8 after complaints that the new software was crashing cellular service and Touch ID on users' phones. Other reports indicate the new iPhone 6 is reportedly bending in some owners' pockets, though the company told CNBC's John Fortt that it has only received nine customer complaints regarding bent phones. Also, Barron's reported that Apple insiders, including CEO Tim Cook, have sold over 1.4M shares of Apple stock this month. MAJOR MOVERS: Among the notable gainers was Swift Transport (SWFT), which gained $1.83, or 9.56%, to $20.98 after the company backed its Q3 earnings outlook and said it was "cautiously optimistic" about the trends it has seen as a result of its strategic decision regarding driver compensation. Also higher was IGI Laboratories (IG), which rose $1.36, or 18.26%, to $8.81 after the company acquired the regulatory rights and related documents and records for 18 drug products from AstraZeneca (AZN). Among the noteworthy losers was BlackBerry (BBRY), which fell 71c, or 6.76%, to $9.80 the day before it reports on its quarterly results. Ahead of tomorrow morning's report, BGC Financial analyst Colin Gillis downgraded shares of the smartphone maker to Hold from Buy, saying the company's results "may prove underwhelming." Also lower were shares of adhesives maker H.B. Fuller (FUL), which fell $6.30, or 14.32%, to $37.68 after the company's third quarter results and fourth quarter profit outlook missed analysts' consensus estimates. INDEXES: The Dow plunged 264.26, or 1.54%, to 16,945.80, the Nasdaq dropped 88.47, or 1.94%, to 4,466.75, and the S&P 500 declined 32.31, or 1.62%, to 1,965.99.
16:00 EDTTSLA, AAPLOptions Update; September 25, 2014
iPath S&P 500 VIX Short-Term Futures up 2.09 to 30.38. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN BP PBR GILD DOW according to Track Data.
14:29 EDTAAPLEarnings Preview: BlackBerry downgraded at BGC ahead of tomorrow's report
BlackBerry (BBRY) is expected to report second quarter earnings before the open on Friday, September 26, with a conference call scheduled for 8:00 am ET. BlackBerry manufactures and markets mobile devices, such as smartphones, and creates software and services for those devices. EXPECTATIONS: Analysts are expecting losses per share of (16c) on revenue of $949.64M. The consensus range is (36c)-(4c) for EPS on revenue of $855.9M-$1.16B, according to First Call. LAST QUARTER: On June 19, BlackBerry reported a loss per share, excluding certain items, of (11c), versus analysts' consensus estimate of a (26c) per share loss. The company's revenue of $966M was a bit higher than the consensus expectation near $963M. The smartphone maker said that it had recognized revenue on about 1.6M of its smartphones, up from about 1.3M during the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and added that it expects its subscriber numbers to be steady going forward. BlackBerry should be profitable sometime in fiscal 2016, company CEO John Chen stated. NEWS: On July 21, BlackBerry announced that it has named Marty Beard as its Chief Operating Officer. Prior to the appointment, Beard had been chairman and CEO of LiveOps. After Apple (AAPL) and IBM (IBM) announced an enterprise partnership, BlackBerry CEO John Chen told Financial Times on July 24 that his company was in early talks with companies about working together in parts of the enterprise market, though he declined to comment on who the discussions have been with. Last month, BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Two weeks ago, BlackBerry announced that it has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. Terms of the transaction were not disclosed, though the next day Wells Fargo wrote that it thinks the deal brings a degree of differentiation to BlackBerry's mobile device management solutions and will make BYOD better for both companies and employees. Yesterday, BlackBerry launched the Passport, a high-end smartphone featuring a large square touch screen and new QWERTY touch-enabled keyboard. Inspired by actual passports, the device was "purpose-built for productivity-driven business professionals," the company stated. STREET RESEARCH: On the day of BlackBerry's last quarterly report, BGC Financial said that it thought that the negative thesis on BlackBerry was falling apart, at least in the short-term. However, this afternoon BGC Financial analyst Colin Gillis downgraded shares of BlackBerry to Hold from Buy, saying the company's quarterly results tomorrow "may prove underwhelming." Gillis expects BlackBerry's revenue declines to continue in the current quarter and noted that his estimate is below consensus. He has an $11 price target for the shares. Also today, MKM Partners stated in a note to investors that it believes BlackBerry's new Passport phone is for "hardcore entrenched BB users" and unlikely to make much of a difference. The firm kept a Neutral rating on the stock with a $10 price target. PRICE ACTION: On the day of its last report, shares of BlackBerry climbed 9.65% to close at $9.09. Since the day after that initial pop, the stock has gained about another 10%. In afternoon trading, BlackBerry was down 51c, or almost 5%, to $10.00.
14:05 EDTAAPLApple has only received nine complaints regarding bent iPhone 6, John Fortt says
Apple has only received nine customer complaints regarding bent iPhone 6's, CNBC's John Fortt says. Reference Link
13:30 EDTFIATYChrysler recalls over 349K vehicles due to ignition key defect
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13:21 EDTTMToyota recalls 132K Tundras over air bags
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12:45 EDTAAPLApple iPhone bending concerns bring opportunity, says Cantor
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12:42 EDTVLKAY, F, TM, GM, NSANY, HMC, FIATYFord executive sees 2015 U.S. auto sales between 16.8M-17.5M
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12:17 EDTAAPLOn The Fly: Midday Wrap
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11:30 EDTAAPLStocks with call strike movement; AAPL HAL
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10:55 EDTAAPLVIX methodology for Apple VXAPL up 22.4% to 28.79
VIX methodology for Apple VXAPL up 22.4% to 28.79, compared to its 10-day moving average of 24.28
10:45 EDTAAPLJabil Circuit falls amid market pullback despite Q4 earnings beat
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09:55 EDTAAPLApple falls below $100, levels to watch
The shares are down 1.9% to $99.68 at time of writing following update issues for iOS 8.0.1 impacting cell service and potential security vulnerabilities related to the 'Bash' bug. Next support is at $98.38. Resistance is at $100.53.
09:36 EDTAAPL, TSLAActive equity options trading on open
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09:11 EDTEADSYAirbus CEO not hurried to choose on upped jet production, Reuters says
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07:43 EDTAAPLApple volatility low into software glitch
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07:39 EDTGMGM initiates first cash proposals to switch victims, Reuters says
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07:06 EDTBADucommun wins contract to produce spoilers for Boeing 737 MAX
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06:52 EDTFIATY, GMGM Canada falls in auto production to Chrysler Canada, The Globe and Mail says
General Motors (GM) of Canada is set to lose its title as the largest producer of vehicles in Canada this year as it may shut down assembly plants in Oshawa Ontario, reports The Globe and Mail. Fiat's (FIATY) Chrysler Canada has raced ahead of GM in vehicle production and stands at about 18,000 vehicles ahead in output through the end of August, outpacing GM in July and August. Reference Link
06:49 EDTEADSYAirbus expects upped sales as overhauled A320neo readies kickoff, Reuters says
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06:29 EDTAAPLApple knew early of security hole in iCloud, The Daily Dot reports
Apple knew as early as March of a security hole that left personal data of iCloud users vulnerable, reports The Daily Dot. According to leaked emails between the company and a noted security researcher, a London-based software developer Ibrahim Balic informed Apple of a method he'd discovered for infiltrating iCloud accounts. Balic said he successfully bypassed a security feature designed to prevent "brute-force" attacks. Reference Link
06:19 EDTAAPLApple to replace bent iPhone if it passes visual inspection, TheNextWeb says
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06:07 EDTAAPLGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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05:22 EDTFFord exceeds UAW job commitment, announces Charter Communications order
Ford (F) has fulfilled its commitment to the UAW to create 12,000 U.S. hourly jobs by 2015, announcing 1,200 new jobs and a second shift at Kansas City Assembly Plant, where the all-new Ford Transit is built. Ford has already met its goal of creating 12,000 hourly jobs in the United States by 2015 as part of the 2011 UAW contract talks; total new job creation to date exceeds 14,000. Kansas City Assembly Plant adds 1,200 jobs to support growing demand for the all-new Ford Transit family of commercial vehicles; jobs are in addition to the 2,800 jobs added in 2012 and 2013. Transit posted its third consecutive month of U.S. sales growth in August, with nearly 1,100 sold; Transit recently posted its first large fleet order with Charter Communications (CHTR). The company ordered more than 800 low-roof, regular-wheelbase Transit vans to be used by its technicians across 29 states.
05:10 EDTBABoeing delivers first 777-300ER to China Eastern Airlines
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September 24, 2014
17:54 EDTAAPLTim Cook, others sold $142.76M in Apple stock, Barron's says
Apple insiders, including CEO Tim Cook, sold 1.41M shares of Apple stock for $142.76M. Cook sold 348,425 shares of company stock for about $35.23M and currently holds 950,767 shares, which is less than 1% in the company, reports Barron's in its 'Inside Scoop' column. Reference Link
17:10 EDTBABoeing awarded $102M government contract
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16:01 EDTTSLA, AAPLOptions Update; September 24, 2014
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14:28 EDTAAPLApple pulls iOS 8.0.1 update due to cell service bug, TechCrunch says
In an update to its earlier story about bugs being reported with Apple's iOS 8.0.1, TechCrunch reported that the company has pulled the iOS 8.0.1 update from availability and that a fix is "likely incoming." Reference Link
14:06 EDTEADSYU.S. sued over Airbus helicopter deal, Agence France-Presse says
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13:54 EDTAAPLApple iOS 8 upgrade disables cell service, TechCrunch says
Apple's latest iOS 8 upgrade crashed cellular device service along with Touch ID on many of its products despite the update including many improvements, reported TechCrunch. The software did, however, fix the defect that hindered HealthKit apps from being available at the software's initiation. Reference Link
12:31 EDTTSLATesla October volatility low as shares pullback to six-week low
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12:13 EDTEADSYAirbus foresees $4.6T jetliner market over next 20 years, WSJ says
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11:30 EDTBAAAR Corp. plummets after results miss estimates, outlook lowered
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11:25 EDTAAPLApple Watch not expected to arrive before Valentine's Day, The Information says
The Apple Watch may not be coming any time soon and the company may be "lucky to ship it by Valentine's Day," reports The Information, citing a person briefed by the Apple department involved in shipping the watch. Earlier this year, Apple executives had indicated to some employees and others involved that the product would have an expected launch for the holidays. Reference Link
11:00 EDTDDAIFMercedes, Renault recall over 0.5M cars due to brake defects, Reuters says
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09:34 EDTAAPL, TSLAActive equity options trading on open
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09:18 EDTFFord to host sales conference call
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09:06 EDTAAPLInvenSense shares should be bought on weakness, says Roth Capital
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08:11 EDTAAPLBest Buy hope designer accessories will bring more women to stores, Re/code says
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07:57 EDTFIATYRyder selected by Chrysler Mexico
Ryder (R) announced it has been selected by Chrysler Mexico to manage a cross dock operation at the Port of Altamira, feeding parts from an overseas supplier to Chrysler’s manufacturing assembly plant in Mexico. Ryder is responsible for receiving sea containers from two Italian consolidation centers, facilitating the customs process and transloading the shipments into trailers for delivery to the plant. Ryder will use its engineering knowledge to optimize the trailer loads, resulting in reduced transportation spend for Chrysler. Ryder’s services are supported by an EDI technology that connects Ryder, Chrysler, and the supplier. This system enables Ryder to share information with customs brokers, transportation partners, and the Chrysler assembly plant, improving visibility and ensuring quality, timely delivery. Chrysler is owned by Fiat (FIATY).
07:43 EDTGM, FBarclays continues to favor General Motors over Ford
Despite significant underperformance year-to-date, Barclays continues to favor General Motors (GM) over Ford (F). The firm sees better upside for General Motors driven by North America margins, improvement opportunities in China and Europe, an attractive cash flow story, and a valuation less vulnerable to a market pullback. Barclays sees a positive Q4 trade in Ford investors get excited about the new F-150, China growth and a turnaround in Europe.
07:37 EDTTMToyota JV reduces China sales outlook by 6%, WSJ says
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07:28 EDTAAPLAmazon expanding hardware unit, working on smart home devices, Reuters says
Amazon.com (AMZN) plans to boost its full-time payroll at Lab126, the hardware unit that developed the Kindle and other consumer electronics devices, by at least 27% over the next five years, reported Reuters, citing a government document and people familiar with the matter. The expansion comes as Amazon tests connected-home devices that could compete with those available from or being developed by Google (GOOG) and Apple (AAPL), two people familiar with the Lab's activities said, Reuters noted. Reference Link
07:15 EDTEADSYAirbus packs more seats into A380 aircraft to win orders, Financial Times says
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07:10 EDTVLKAYVolkswagen experiencing labor, root problems in Wolfsburg plant, Reuters says
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06:55 EDTGMGM names Massimilla cybersecurity chief, Reuters says
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06:46 EDTGMGM aiming for China sales to exceed 3M vehicles in 2014, Reuters says
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06:32 EDTAAPLApple iOS 8 upgrade prompts more frequent app collapse, Bloomberg says
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September 23, 2014
17:27 EDTAAPLApple reportedly acquired PRSS this year, 9to5Mac says
Apple reportedly acquired PRSS this year, says 9to5Mac. PRSS is a tool for creating magazine apps for the iPad and Android tablets and may have been acquired by Apple in the early summer, added 9to5Mac. Reference Link
16:52 EDTAAPLApple iPhone 6 Plus bending in pockets, MacRumors says
Apple's new iPhone 6 Plus is reportedly bending in some owners' pockets, as its size prohibits it to slide out of the way from pressure points when sitting, reports MacRumors. Reference Link
16:00 EDTTSLA, AAPLOptions Update; September 23, 2014
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13:58 EDTAAPLApple could show off revamped music service in February, Re/code reports
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13:55 EDTAAPLSamsung to stop selling laptops in Europe, PC Advisor says
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12:58 EDTAAPLSamsung still supplying 40% of A8 chips for iPhone 6, 6 Plus, Re/code says
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11:42 EDTGM 3D Systems rises after analyst reports 'unexpected' GM deal
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11:33 EDTAAPLAnalysis shows Apple spends $200-$247 to build iPhone 6s, Re/code says
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11:19 EDTGMGeneral Motors says Cadillac expands to become separate business unit
As part of the continued expansion of Cadillac, General Motors has announced a strategic realignment that will establish the flagship brand as a separate business unit. In addition, the new Cadillac organization will expand to New York with a new global headquarters opening in 2015. The realignment affirms Cadillac’s importance to GM’s strategy. Creating a new Cadillac business unit enables it to pursue growing opportunities in the luxury automotive market with more focus and clarity. Johan de Nysschen, who joined Cadillac as its new president in August, will be responsible for the brand’s overall operational performance. The plan includes expansion to New York City in the form of a multipurpose brand and event space. Reference Link
11:03 EDTGM3D Systems landed $6M-$8M deal with GM, says Piper Jaffray
Piper Jaffray says that based on conversations with industry contacts, it believes 3D Systems (DDD) landed an unexpected deal with General Motors (GM) in Q3. Piper thinks the Bluebird deal could be in the range of $6M-$8M. The firm believes the deal was not in 3D's pipeline. It has a Neutral rating on the stock.
09:37 EDTAAPL, TSLAActive equity options trading on open
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09:01 EDTGMGM aiming for New York Cadillac headquarters by 2Q15, Reuters says
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08:45 EDTTSLABofA/Merrill China and U.S. auto analysts hold analyst/industry conference call
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08:38 EDTBABofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:24 EDTVLKAYBorgWarner providing friction technology for Volkswagen's DQ 400e transmission
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08:20 EDTAAPLInvenSense weakness overdone, says Pacific Crest
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07:28 EDTAAPLBlackBerry prices 'Passport' below competing high-end smartphones, WSJ says
BlackBerry, whose Passport smartphone marks its first global launch since its BB10 operating system, is pricing the new phone at $599 in the U.S. without subsidies, which is below Apple's (AAPL) iPhone 6, which starts at $649 without contract, and Samsung's (SSNLF) Galaxy S5, which was similarly priced at about $650 at launch, reported The Wall Street Journal. Reference Link
07:23 EDTAAPLInterview says iPhone 6 in final evaluation phase in China, Reuters says
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07:01 EDTBABoeing, Liquid Robotics sign multi-year agreement
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05:45 EDTAAPLApple denies shutdown of Beats Music, Re/code reports
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September 22, 2014
16:18 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPL, TSLAOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
15:57 EDTAAPLApple said to plan shutdown of Beats Music, TechCrunch reports
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14:31 EDTAAPLGT partner Apple working on new sapphire glass process, Patently Apple says
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13:49 EDTEADSY, BABoeing exec to up output target if supportable, Reuters says
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13:38 EDTAAPLApple new MacBook Air to be noticeably thinner, Jack March reports
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13:25 EDTAAPLMany users complaining about new Apple OS, BI says
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12:59 EDTTMToyota to use aluminum for Camry hood, Automotive News says
Toyota Motor (TM) looks set to begin using aluminum instead of steel to build the hood of its widely popular Camry vehicle, according to Automotive News. The change will begin in 2018, the website quoted an unnamed source as saying, Alcoa (AA) mines aluminum. Reference Link
12:35 EDTNSANYNissan forms 50/50 joint venture with Dongfeng in China to sell Infiniti brand
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12:16 EDTAAPLOn The Fly: Midday Wrap
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12:04 EDTFFord to host investor day
investor Day to be held in Dearborn, MI on September 29 at 1 pm. Webcast Link
11:57 EDTTSLAStocks with call strike movement; TSLA YHOO
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11:40 EDTTSLATesla falls after JPMorgan says it prefers GM, Ford
Price was last at $248.24, down over 4.2% following comments from JPMorgan that it saw greater price appreciation potential in General Motors (GM) and Ford (F) than in the company. At current price next support is at $244.71, the session low. Resistance is at $250.99. A move in the shares on a closing basis at or below $240 would confirm a break of long-term uptrend support which would be bearish for price.
11:15 EDTGMGM compensation fund approved two more fatalities, CNBC reports
General Motors' victim compensation fund has now approved 37 claims, including 21 fatalities, up from 31 claims and 19 fatalities last week, CNBC's Phil LeBeau reports via Twitter.
10:57 EDTAAPLInvenSense sinks after downgrade on market share concerns
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10:27 EDTBABoeing awarded $4.9M contract by U.S. Air Force
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10:22 EDTAAPLApple price target raised to $115 on record iPhone 6 demand at Canaccord
Canaccord raised Apple's price target to $115 from $112 on record initial demand for new iPhone product demand. Shares are Buy rated.
09:44 EDTAAPLApple data suggests sell-through of around 8M iPhone 6, says Piper Jaffray
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09:38 EDTTSLA, AAPLActive equity options trading on open
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09:21 EDTAAPLApple iPhone 6 Plus sold out quickly in U.S., says Cantor
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08:31 EDTAAPLApple says first weekend iPhone 6, iPhone 6 Plus sales top 10M
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08:30 EDTAAPLApple says first weekend iPhone 6, iPhone 6 Plus sales top 10M
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08:10 EDTEADSYAirbus sales head careful regarding jet output growth, Reuters says
Airbus' sales chief John Leahy said that the company has a careful perspective regarding plane output growth, by noting that it would review supply chain and other conditions before choosing to further raise the output of its A320 jets, according to Reuters, citing comments from Leahy. Reference Link
07:02 EDTGM, F, TSLAJPMorgan prefers shares of GM and Ford to Tesla
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06:52 EDTEADSYReport says Germany urging Airbus for A400M cost reductions, Reuters says
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06:52 EDTNSANY, TSLA, GM, FCalifornia to add additional incentives for electric cars, NY Times says
California Governor Jerry Brown signed several bills that are supposed to make electric cars more affordable for low income residents of the state, according to The New York Times. The bills, among other things, will boost rebates that low income earners receive when buying an electric car, and install charging stations in apartment buildings in low income areas, the newspaper stated. GM (GM), Nissan (NSANY) Ford (F) and Tesla (TSLA) are among the companies that make electric cars. Reference Link
06:36 EDTVLKAYVolkswagen aims for increased margins with China-only car, Reuters says
Volkswagen (VLKAY) is poised to initiate a new luxury sedan intended only for its consumers in China next year in an effort to increase its margins, according to Reuters, citing two people with knowledge of the plan. The launch could position the automaker to be in a direct rivalry with its Audi (AUDVF) brand. Reference Link
06:18 EDTAAPLAvago gained significant share in iPhone 6, says Citigroup
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06:09 EDTAAPLApple survey indicates December quarter upside, says Piper Jaffray
Piper Jaffray says its survey of iPhone 6 buyers indicates more people are buying the 6 Plus than it expected and that people spending more on storage, a "highly profitable" part of Apple's business. As a result, Piper believes Apple's revenue could top expectations by 9% and its earnings by nearly 12% in the December quarter. It keeps an Overweight rating on the stock with a $120 price target.
September 20, 2014
21:44 EDTGMGM recalls 221,558 Cadillac XTS and Chevrolet Impala sedans, WSJ says
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21:20 EDTAAPLApple's iPhone 6 Plus is selling out at some U.S. stores, Bloomberg says
The new larger Apple iPhone 6 Plus has been selling out at some stores across the U.S., says Bloomberg. Reference Link
16:11 EDTFIATYChrysler Group voluntarily recalling 230,760 SUVs to install new relay circuit
Chrysler Group is voluntarily recalling an estimated 230,760 SUVs to install new a relay circuit that improves fuel-pump relay durability. A routine internal data review discovered a pattern of repairs involving fuel-pump relays in certain 2011 Jeep Grand Cherokee and Dodge Durango SUVs. Further investigation revealed some relays are susceptible to deformation, which may affect fuel-pump function. Such a condition may prevent a vehicle from starting or lead to engine stall. Chrysler Group is unaware of any accidents or injuries related to this condition. The fuel-pump relay is located inside the Totally Integrated Power Module, which also helps manage other vehicle functions. None of these other functions, including airbag deployment, is affected by the fuel-pump relay. The recall covers an estimated 188,723 vehicles in the U.S.; 15,898 in Canada; 7,126 in Mexico and 19,013 outside the NAFTA region. Chrysler Group will advise affected customers when they may schedule service, which will be performed at no cost.
15:45 EDTBABoeing and Ethiopian Airlines announce $2.1B order for 20 737 MAX 8s
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September 19, 2014
16:24 EDTAAPLStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:00 EDTTSLA, AAPLOptions Update; September 19, 2014
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14:50 EDTGMJudge orders General Motors must hand over defect files, WSJ reports
A U.S. Judge has ordered General Motors to turn over internal files and documents regarding its ignition-switch flaw and how it handled the defect to plaintiff attorneys, The Wall Street Journal says. The attorneys are representing plaintiffs who have sued the auto manufacturer alleging economic loss, personal injury, and deaths related to the company's recall of older cars with the ignition-switch defect. While General Motors is protected from liabilities that occurred before its bankruptcy in 2009, the recent ruling paves the way for plaintiff attorneys to obtain records they could use in cases before and after General Motor's bankruptcy petition, The Wall Street Journal added. Reference Link
12:42 EDTFFord recalls 2015 Lincoln MKCs due to windshield glass defect
Ford is recalling certain model year 2015 Lincoln MKC vehicles manufactured August 20, 2013, to June 6. The affected vehicles may have visible air bubbles in the windshield glass. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard No. 205, "Glazing Materials." Air bubbles in the windshield could impact the driver's visibility, increasing the risk of a crash. Ford will notify owners, and dealers will inspect the windshields for air bubbles, replacing them as necessary, free of charge. The recall began in August. Reference Link
12:13 EDTFIATYUnion says Fiat to temporarily halt production at Italy facility, Reuters says
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11:35 EDTAAPLCerner, Athenahealth developing applications for Apple HealthKit, Reuters says
Cerner (CERN) and Athenahealth (ATHN) said yesterday that they are working with Apple (AAPL) to develop applications for Apple's HealthKit, Reuters reports, citing Cerner and Athenahealth representatives. Athena said they will be utilizing HealthKit to assist patients with chronic conditions like diabetes, while Cerner said that doctors and nurses will be able to access health data from the patients HealthKit with consent, Reuters added. Reference Link
11:26 EDTTSLAStocks with call strike movement; TSLA GILD
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11:00 EDTAAPLApple lines suggest better than expected start for iPhone 6, says Piper Jaffray
Piper Jaffray said lines at Apple's flagship New York store were up 33% and that lines at 3 Midwest retail stores were up 39% from the prior iPhone launch, suggesting iPhone 6 sales are off to a better than expected start. The firm maintains its Overweight rating on Apple shares.
10:59 EDTAAPLSamsung working with PayPal for mobile payments on smartwatch, Gigaom says
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09:37 EDTAAPL, TSLAActive equity options trading on open
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09:19 EDTAAPLOn The Fly: Pre-market Movers
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09:15 EDTTSLATesla's gigafactory and potential capital needs are key questions, says Goldman
Goldman said it remains cautious on Tesla due to the gigafactory's aggressive timetable and potentially increasing capital needs due to the planned production ramp, model and derivative expansion, service growth, and other projects yet disclosed. Tesla has said it could self-fund capex but is keeping its options open depending on new products and the pace of growth. Goldman remains on the sidelines with a Neutral rating and $210 price target given the likely noisy Q3 and valuation that reflects flawless execution.
08:48 EDTAAPLUBS Internet and IT hardware analysts hold an analyst/industry conference call
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08:33 EDTAAPLCalpian to support Apple Pay for merchants
Calpian (CLPI) is set to support Apple Pay and provide merchants with access to Apple’s (AAPL) new mobile payments ecosystem. The new mobile payment system from Apple, Apple Pay will allow consumers to pay for goods and services with Touch ID using Apple’s iPhone 6, iPhone 6 Plus and the Apple Watch through an antenna design.
08:23 EDTAAPLApple price target raised to $110 from $106 at Cowen
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08:18 EDTFFord upcoming analyst day first in three years, says UBS
UBS previewed Ford ahead of its first analyst meeting in three years. The firm said they expect the company to give end of decade guidance, to update on global markets, to raise its global margins target, and to reiterate its capital deployment strategy. UBS has a Buy rating and $22 price target on Ford.
08:11 EDTAAPLTriQuint chip among those in iPhone 6 Plus, iFixit reports
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08:03 EDTAAPLInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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07:09 EDTGMGeneral Motors to launch new Cadillac sedan next year, AP reports
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06:55 EDTBABoeing up against decreasing fighter jet funding, WSJ says
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06:43 EDTAAPLYouTube spending more money on original content, Re/code reports
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06:33 EDTAAPLTELUS announces iPhone 6, iPhone 6 Plus available in stores
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06:31 EDTFFord reduces Cologne manufacturing as EU demand calms, Reuters says
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06:22 EDTAAPLGoogle planning to encrypt phone data in Android, Washington Post reports
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September 18, 2014
16:00 EDTTSLA, AAPLOptions Update; September 18, 2014
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15:22 EDTAAPLBroadcom appears to be WiFi chip provider for Apple Watch, Chipworks says
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15:07 EDTHMC, TMHonda to price upcoming fuel cell vehicle similar to Toyota, Nikkei reports
Honda's (HMC) upcoming fuel cell vehicle will be priced similar to Toyota's (TM), with a range of approximately $63,000-$73,000, Nikkei says. Both companies will be relying on government subsidies to give consumers an incentive to purchase the new vehicles. Reference Link
14:00 EDTDDAIFMercedes-Benz receives autonomous vehicle license from California
On 16 September 2014 the US federal state of California introduced a legal requirement for an official license for testing vehicles in autonomous driving mode on public roads. On "Senate Bill No. 1298" taking effect, Daimler's Mercedes-Benz received a corresponding license permitting it to test vehicles in autonomous driving mode in daily traffic on California's roads. Reference Link
13:37 EDTDDAIFDaimler anticipates sales to exceed 2.4M cars this year, WSJ says
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13:25 EDTBABoeing space contract with NASA includes seat for tourist, Reuters reports
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13:05 EDTTMToyota announces recall of 20K vehicles, model years 2014, 2015
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12:28 EDTBABoeing reports 78 news orders in weekly update
Boeing reported 78 new orders in its weekly update, which included 67 737s for unidentified customers, five 737s for Avolon and six 787s. In the changes category, 737 net orders were reduced by six.
10:02 EDTGMGeneral Motors to recall 3,200 natural gas-fueled vans, WSJ reports
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09:36 EDTTSLA, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
08:58 EDTFIATYChrysler's Ram on track for more market share increases, NY Times says
The Ram truck unit of Fiat's (FIATY) Chrysler has seen its share of the full-size pickup market rise in the last five years, and its market share is on track to increase further, according to The New York Times. Reference Link
08:46 EDTAAPLApple patent points to development of bone conducting EarPods, AppleInsider says
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08:30 EDTTSLATesla won't be hurt by electric vehicle space struggles, says Pacific Crest
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07:54 EDTBABoeing added to Franchise Picks List at Jefferies
Jefferies believes Boeing is using the knowledge it gained from building 787s to improve its manufacturing and design capability. The firm says demand for the 787 over the next two decades could be $500B and deliveries should top 3K units. It added the stock to its Franchise Picks List, and keeps a Buy rating on the name with a $165 price target.
07:29 EDTAAPLApple, U2 collaborate on digital format to up music-buying, Time says
Apple and U2 are collaborating on a new project to develop a digital music format which will increase music purchases and fairly compensate artists, reported Time. Reference Link
07:26 EDTAAPLGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:55 EDTAAPLApple launches new iOS 8 phones with 'kill switch'
Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon revealed that new iPhones sold with iOS 8 will include Apple’s theft deterrent system, Activation Lock, as a default setting. This marks the first time in the history of the smartphone industry that theft deterrent technology is available by default on new products. In addition to being standard on the new iPhone 6 and 6 Plus, newly-sold iPhones will also prompt users to upgrade to iOS 8. Additionally, the new operating system can also be installed on most previous models of iPhones. As co-chairs of the Secure Our Smartphone, or S.O.S. Initiative, Attorney General Schneiderman and District Attorney Gascon led the effort to call on the wireless industry to address the global rise in smartphone thefts. The ultimate goal of SOS is for every mobile device to have a “kill switch” on by default. A default solution is imperative because it ensures that the device will be worthless to thieves. Reference Link
06:40 EDTAAPLApple wants to sell 50M Apple Watches in 2015, DigiTimes reports
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06:35 EDTVLKAYUAW plans to again negotiate for Volkswagen plant workers in Tennessee, WSJ says
The United Auto Workers union plays to again negotiate for some manufacturing workers at Volkswagen's (VLKAY) Tennessee auto assembly although it was rejected in a February organizing vote, reports the Wall Street Journal. The labor union said roughly 750 workers have joined the recently formed union local in Chattanooga, Tennessee. Reference Link
06:27 EDTAAPLReport says one iPhone 6 Chinese license approved, Reuters says
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05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We don’t build a profile based on your email content or web browsing habits to sell to advertisers. We don’t ‘monetize’ the information you store on your iPhone or in iCloud. And we don’t read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
September 17, 2014
18:14 EDTBABoeing issues statement on Export-Import Bank extension
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18:13 EDTBABoeing, Lockheed Martin to team with Bezos firm on rocket engine, WSJ reports
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18:05 EDTTSLATesla CEO sees self-driving car technology ready in five or six years, WSJ says
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17:43 EDTBABoeing awarded $293M contact by DLA for manage parts, support
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16:46 EDTAAPLApple says HealthKit apps not available until end of month
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16:00 EDTTSLA, AAPLOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
15:46 EDTAAPLApple using own CDN, not Akamai, Level 3, for iOS 8, StreamingMediaBlog says
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13:57 EDTAAPLiPhone code compromises users, reroutes to fake eBay site, BBC says
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12:27 EDTAAPLNet Element shares higher by over 29% after integrating Apple services
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11:59 EDTFIATYFiat Chrysler recalls 2014-2015 Fiat 500Ls due to knee airbag defect
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11:42 EDTAAPLVerizon says company-wide growth at moment is 'fine'
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10:56 EDTBABoeing Airplanes head mulls making 52 737s monthly, Reuters says
Boeing Commercial Airplanes CEO Ray Connor said that the company is aiming to produce close to 52 737 aircrafts per month beginning in 2018, according to Reuters, citing comments from Connor. Connor said, "Now, I can tell you that the demand is there for those airplanes, significant demand. So I'm not uncomfortable with the timing or with rate." Reference Link
10:15 EDTAAPLDiscover calls active, rumored to be eyed as target by Apple, report
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10:07 EDTAAPLApple could announce new products at October event, Apple Insider says
Apple is said to be planning an event for the second half of October where it will unveil more gadgets, a source tells Apple Insider. The company may unveil a next-generation iPad Air and iPad mini which is rumored to feature the company's Tough ID fingerprint sensor. Reference Link
10:04 EDTAAPLDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:36 EDTAAPL, TSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:12 EDTEADSYAirbus exec says strategy chief to stay with company
Airbus' head of corporate communications Rainer Ohler said via his Twitter account that the company's strategy chief Marwan Lahoud is staying with the company. The news comes after speculation arose that Lahoud could potentially be the next CEO of Safran. Reference Link
08:42 EDTTSLASkeptic sees Tesla Model 3 priced well above target, Green Car Reports says
A new report written by noted battery skeptic Menahem Anderman, who organizes the Advanced Automotive Batteries Conference, suggests Tesla Motors' pace of battery cost reduction won't be as fast as predicted by CEO Elon Musk and that the price of the 2017 Model 3 will likely be "in the range of $50-80K,” which is well above the company's $35K stated goal, reported Green Car Reports. Reference Link
07:46 EDTBABoeing and Avalon finalize order for 787 Dreamliners, 737 MAXs
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07:45 EDTEADSYLufthansa orders 15 more Airbus A320neo, 10 A320ceo aircrafts
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07:43 EDTAAPLApple iPhone prices could rise, says RBC Capital
After conducting a survey of consumers, RBC Capital believes that average sales prices for Apple's iPhone could rise $90 quarter-over-quarter and $65 year-over-year, while gross margins could increase as a result of higher average memory per device. The firm raised its price target on the name to $114 from $110 and keeps an Outperform rating.
07:37 EDTHMC, TM, FIATY, VLKAY, F, NSANY, GMEU car registrations up 2.1% in August, up 5.6% in July
The European Automobile Manufacturers Association reported new passenger car registrations were up by 5.6% in July and by 2.1% in August. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, the group noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
07:26 EDTNSANY, GMGM to cut supply, but not prices, as it seeks to revive Cadillac, WSJ says
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07:22 EDTAAPLEarly reviews point to iPhone 6 battery life similar to iPhone 5s, BI says
After analyzing the first round of major tech publications' reviews of the iPhone 6 and 6 Plus, Business Insider said critics have "mixed" opinion's on the battery life of the 6 and that it "seems like" the smaller phone's battery life won't be radically different from the iPhone 5s. Reference Link
06:31 EDTAAPLLG Display to supply AMOLED panels for Apple Watch, DigiTimes reports
LG Display (LPL) are expected to supply Apple (AAPL) 5M AMOLED panels a month in 2015 for the Apple Watch, reports DigiTimes. According to sources from LG Display, Apple aims to sell upwards of 50M Apple Watches in 2015. Apple will reportedly not purchase AMOLED panels from Samsung (SSNLF) Display and instead will have LG as the sole panel provider for the Apple Watch. Reference Link
06:29 EDTAAPLApple iPhone 6 products sell out fast in Taiwan market, DigiTimes says
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06:27 EDTBABoeing tanker to make first flight five months later than planned, WSJ reports
A Boeing aerial refueling tanker is expected to make its first flight in November, five months later than planned, reports the Wall Street journal. Major General John Thompson, the head of the KC-46A Pegasus tanker program, said he was "disappointed" about the delay in the test aircraft's first flight. Reference Link
06:17 EDTAAPLApple supplier reportedly struggling to meet iPhone demand, WSJ reports
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