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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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January 29, 2015
16:00 EDTAAPLOptions Update; January 29, 2015
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15:58 EDTAAPLSpotify working with Goldman on new fuding round, may delay IPO, WSJ says
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14:05 EDTTSLATesla Motors February volatility elevated into Q4 and outlook
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11:53 EDTAAPLQualcomm sinks after cutting outlook, confirming being dropped in Galaxy
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09:57 EDTFFord says not seeing 'big bottom line impact' from strong dollar on 2015 results
09:42 EDTFFord sees 2015 capex $7.5B
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09:38 EDTFFord sees calendarization fo FY15 profit to be 'atypical' due to launches
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09:37 EDTTSLA, AAPLActive equity options trading
Active equity options trading according to Track Data: AAPL FB KO NFLX PFMT GILD YHOO TSLA MCD
09:06 EDTFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Flextronics (FLEX), up 6%... Coach (COH), up 6.3%... Autoliv (ALV), up 4.3%... Dow Chemical (DOW), up 3.5%... Ford (F), up 0.8%. ALSO HIGHER: McDonald's (MCD), up 3% after announcing CEO change...Xencor (XNCR), up 19% after reporting results from two trials... Pluristem Therapeutics (PSTI), up 8% after providing update and outlook on trials and pipeline... Avon Products (AVP), up 2.3% after naming James Scully as CFO... Omeros (OMER), up 6% after 2.996M share spot secondary priced at $20.03. DOWN AFTER EARNINGS: Alibaba (BABA), down 8%... Qualcomm (QCOM), down 6.8%... Alexion (ALXN), down 1.1% after reporting fourth quarter results, fiscal 2015 guidance, and CEO appointment. ALSO LOWER: Yahoo (YHOO), down 7% following Alibaba earnings report... Venaxis (APPY), down 72% after its APPY1 Test was determined by the FDA to not meet the criteria for substantial equivalence.
08:57 EDTFFord sees 2015 U.S. industry volume of 17M-17.5M vehicles
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08:54 EDTFFord sees Q1 production 1.67M units
Ford sees Q1 production of 1.667M units, up 54K from the prior year's quarter. Production guidance in slides for Q4 earnings conference call.
08:54 EDTFFord reports Q4 production of 1.53M units
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08:39 EDTEADSYAirbus announces resignation of head of Military Aircraft business unit
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08:29 EDTBABoeing still a must-own stock, says Sterne Agee
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07:43 EDTGM General Motors weekly volatility elevated into Q4 and outlook
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07:27 EDTFFord Credit reports Q4 pre-tax profit $423M vs. $368M last year
In Q4, Ford Credit’s pre-tax profit was $423M, an increase of $55M from a year ago. It stated, "The improved pre-tax profit is more than explained by higher volume and favorable market valuation adjustments to derivatives. A partial offset is lower financing margin." Ford Credit reported Q4 net income of $411M, compared with $568M a year earlier. The decrease in net income was primarily driven by the non-recurrence of favorable tax items recorded in Q4 of 2013. On Dec. 31, 2014, Ford Credit’s total net receivables were $108B, compared with $100B at year-end 2013. For 2015, Ford Credit expects full-year pre-tax profit to be equal to or higher than 2014, year-end managed receivables of $123B-$128B, managed leverage to continue in the range of 8:1 to 9:1, and distributions to its parent of about $250M.
07:12 EDTFFord maintains 2015 pre-tax profit outlook $8.5B-$9.5B
Ford sees higher Automotive revenue and operating margin compared with 2014 and an improved outlook for Automotive operating-related cash flow from positive to higher than 2014.
07:11 EDTFFord reports Q4 EPS 26c, consensus 23c
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07:05 EDTFFord reports Q4 EPS 26c, consensus 23c
07:04 EDTAAPLChina implementing new requirements for some tech companies, NY Times says
China is forcing companies which sell computer equipment to Chinese banks to divulge secret source code and submit to audits, according to The New York Times. It is also requiring such companies to provide the government with access to hardware and software products, the newspaper indicated. Cisco (CSCO), Qualcomm (QCOM), and Microsoft (MSFT) have raised issues about accessing the Chinese market, while Apple (AAPL) is looking to increase its business in the country, the newspaper added. Reference Link
06:33 EDTBABoeing, Lockheed Martin get $383M deal from Air Force, Reuters says
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06:20 EDTAAPLMicrosoft to release Outlook on iOS, Outlook and Office on Android, Re/code says
Microsoft (MSFT) is releasing on Thursday an Apple iOS (AAPL) version of its Outlook email software as well as a preview of an Android version, reports Re/code. The apps will support Microsoft's own email service as well as Google Gmail (GOOG), iCloud, and Yahoo (YHOO) email accounts. The company is also launching full versions of its Word, Excel, and PowerPoint apps for Android. Reference Link
06:17 EDTBABoeing price target raised to $171 from $146 at Citigroup
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January 28, 2015
18:35 EDTGMGM rejects request to extend deadline for victims fund, Bloomberg reports
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16:55 EDTBA, AAPLOn The Fly: Closing Wrap
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16:35 EDTBAKaman awarded contract by Boeing for KC-46A tanker kits
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16:00 EDTAAPLOptions Update; January 28, 2015
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15:40 EDTBABoeing's 747-8 picked as new Air Force One, WSJ reports
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15:38 EDTFNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
15:29 EDTAAPLNXP Semiconductors gaining share in iPhone, says Raymond James
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15:20 EDTFFord technical comments before earnings
There is a symmetrical triangle on the daily chart that as yet may resolve either bullishly or bearishly. On positive news, a breakout above $15.50 would resolve the pattern in a bullish way, with upside potential to the $17.50 area. If the news is a disappointment, a move below $14 would confirm a bearish resolution to the pattern. Downside would be to the $11.50 to $12 area.
14:27 EDTGMGeneral Motors weekly volatility elevated into Q4 and sales guidance
General Motors February weekly call option implied volatility is at 36, February and March is at 28, June is at 25; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 4.
13:37 EDTTMToyota to recall about 52,000 model year 2011-2012 Avalon sedans
Toyota Motor Sales, U.S.A. announced plans to conduct a safety recall of approximately 52,000 Model Year 2011-2012 Avalon sedans. In the involved vehicles, cargo could contact one of the audio system subwoofer wires located inside the trunk, and move the wire out of its normal position. If one of these wires contacts the metal frame of the subwoofer, it may result in an intermittent short circuit. If this occurs, the subwoofer could overheat, increasing the risk of a fire. Toyota is not aware of any crashes, injuries, or fatalities caused by this condition. Owners of the involved vehicles will receive a notification by first class mail. Toyota dealers will provide a repair for the audio system. Until the remedy is available, as a precaution, Toyota dealers will disconnect the rear subwoofer.
12:54 EDTFFord volatility elevated into Q4 and outlook
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12:52 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a blowout quarter from Apple (AAPL) offset a bit of the earnings season jitters that several Dow members' misses had sent through the market yesterday. The market saw its highs a short time after the open, as the better than expected earnings reports from both Apple and Boeing (BA) drove an early bounce. The U.S. averages gave up all their gains and moved into the red for a moment, but have managed to drift higher again following the close of the European markets. Next up is the Fed’s rate announcement and accompanying statement, which is due out shortly. ECONOMIC EVENTS: In the U.S., crude oil inventories built up by 8.87M barrels last week, versus the consensus forecast for a build of 3.85M barrels. The price of WTI crude was down 2.5% near noon following the report and dipped back below $45 per barrel earlier in the morning. The Federal Reserve’s rate announcement is due out this afternoon at 2:00 pm ET. COMPANY NEWS: Shares of Apple jumped nearly 8% after the tech giants first quarter results handily topped estimates. A number of analysts hiked their price targets for the stock after the report, with JPMorgan raising its price target for Apple shares to $140 from $112 and Cantor increasing its price target to a "Street high" $160 from $143. Of note, Apple also said that Apple Watch is expected to ship in April... Yahoo (YHOO) shares rose 2.3% after the company reported earnings and announced plans to split into two companies: one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA). Yahoo plans for a tax-free spin-off of the company's remaining 384M shares of Alibaba, valued at $40B based on the closing price on January 26, and people familiar with the matter told Financial Times that the decision "significantly increases" the chances of Alibaba buying back that stake. MAJOR MOVERS: Among the notable gainers was Abiomed (ABMD), which jumped 30% after announcing that the Impella RP System has received FDA approval under a Humanitarian Device Exemption and raising its FY15 revenue guidance. Also higher following their earnings reports were Freescale Semiconductor (FSL), which rose 20%, U.S. Steel (X), which gained 14%, and Electronic Arts (EA), which advanced 14%. Among the noteworthy losers was Pilgrim's Pride (PPC), which dropped 6% as its shares went "ex-special dividend," meaning investors buying the stock from here forth will not be entailed to the $5.77 per share special dividend, which is payable on February 17. Also lower following their earnings reports were Radware (RDWR), which fell over 13%, and Ethan Allen (ETH), which dropped more than 12%. INDEXES: Near midday, the Dow was up 71.28, or 0.41%, to 17,458.49, the Nasdaq was up 31.54, or 0.67%, to 4,713.03, and the S&P 500 was up 5.31, or 0.26%, to 2,034.86.
12:45 EDTAAPLIcahn says Apple should do Dutch tender for buyback
Carl Icahn is speaking on CNBC.
12:44 EDTFEarnings Preview: Ford sees Q4 pre-tax special item charge of $800M
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12:40 EDTAAPLIcahn says Apple one of the best buys in 'last couple of decades'
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12:38 EDTAAPLSchechter says Apple can grow earnings 30% in 2016, 2017
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12:37 EDTAAPLIcahn says short squeeze likely going on in Apple shares
Carl Icahn is speaking on CNBC.
12:32 EDTAAPLIcahn says likely to revise higher Apple price target of $200
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11:31 EDTAAPLStocks with call strike movement; YHOO AAPL
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10:59 EDTBABoeing: Q1 core EPS and earnings to be smallest in FY15
Expects Q1 EPS to be 20% of FY15 EPS.
10:59 EDTBABoeing sees 787 production to grow at moderate levels for next several quarters
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10:34 EDTBABoeing: Global economic growth continues at a moderate pace
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10:32 EDTFFord to host conference call
Fixed income conference call will be held on January 29 at 11 am. Webcast Link
10:13 EDTAAPLAnalysts upbeat on Apple after iPhone powers big earnings beat
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09:56 EDTBABoeing rises on results, levels to watch
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09:48 EDTNSANYNissan to recall 786,000 vehicles for two related problems, Reuters reports
Nissany is recalling about 768K vehicles that include its Rogue crossover and Pathfinder SUV, reports Reuters. More than 552,135 Rogues will be recalled because moisture could seep through the driver side floor and cause and electrical short that may lead to a fire. Meanwhile, 215,789 Pathfinder SUVs will be recalled for problems related to a secondary hood latch. Reference Link
09:35 EDTAAPL, TSLAActive equity options trading
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09:19 EDTFFord issues door handle recall affecting 205,000 sedans, CNBC says
Ford issued two safety recalls related to an interior door handle issue, reports CNBC. The recall affects roughly 205,000 2010-2013 Ford Taurus, Lincoln MKS, and Ford police interceptor sedans. Reference Link
09:15 EDTAAPL, BAOn The Fly: Pre-market Movers
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08:41 EDTAAPLApple price target raised to $140 from $135 at Evercore ISI
Evercore ISI raised Buy rated Apple's price target to $140 citing the December quarter blow out.
08:26 EDTAAPLApple strengthening ecosystem with strong iPhone sales, says Janney Capital
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08:03 EDTAAPLApple price target raised to $133 from $126 at Morgan Stanley
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07:58 EDTAAPLVIX methodology for Apple at 42.25
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07:54 EDTGMGM considering new rugged SUV to compete with Jeep Wrangler, WSJ says
GM (GM) is considering adding a rugged SUV to its GMC lineup allowing it to compete with Fiat Chrysler's (FCAU) Jeep Wrangler, reports the Wall Street Journal, citing several people briefed on the matter. GM executives told dealers the hypothetical vehicle would borrow cues from Hummer. GM has not green-lit the project yet and the car is still in discussion stages. Reference Link
07:54 EDTAAPLApple growth poised to slow, says Wells Fargo
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07:44 EDTAAPLApple price target raised to $130 from $125 at UBS
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07:33 EDTBABoeing reports Q4 Commercial Airplanes revenue $16.84B, deliveries of 195
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07:32 EDTBABoeing sees FY15 core EPS $8.20-$8.40, consensus $8.64
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07:31 EDTBABoeing reports Q4 core EPS $2.31, consensus $2.11
Reports Q4 revenue $24.47B, consensus $23.93B
07:24 EDTAAPLCan Fed and Apple rescue market?
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07:17 EDTAAPLApple catalysts limited ahead of Watch launch, says Deutsche Bank
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07:16 EDTAAPLApple reported 'blow out' results, says Bernstein
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06:47 EDTAAPLApple price target raised to $160 from $143 at Cantor
Cantor increased its price target on Apple after the company reported stronger than expected results. The firm called the results "exceptional," and it thinks the company has a number of additional upcoming catalysts, including the 4G ramp in China and the Apple Watch. It keeps a Buy rating on the shares.
06:38 EDTAAPLApple price target raised to $140 from $112 at JPMorgan
JPMorgan raised its price target for Apple shares to $140 from $112 following the phone maker's better than expected December quarter results. JPMorgan believes new products in 2015 will drive Apple's earnings growth ahead of peers. The firm reiterates an Overweight rating on the stock. Shares of Apple are rallying $7.61, or 7%, to $116.75 in pre-market trading.
06:25 EDTAAPLCiti lists five reasons why Apple shares can go higher
Citigroup lists five reasons following Apple's better than expected December quarter results why it believes the stock can go higher. Citi says device acceleration, the potential for consensus estimates to move up, a lack of margin decline, Apple Pay, and the company's opportunity in enterprise can drive the stock higher. The firm reiterates a Buy rating on Apple with a $135 price target, noting it views Apple Watch as a bonus upside catalyst.
06:22 EDTEADSYAirbus CEO promises "management consequences" after A400M delays, FT says
Airbus CEO Tom Enders promised "management consequences" within the company after further delays delivering its A400M military plane, reports the Financial Times, citing a speech given to U.K. government and military officials. The U.K. has ordered 22 planes in total, and Enders vowed to deliver seven of those to the Royal Air Force by late 2015. Germany is demanding penalty payments over deficiencies in the A400M already delivered to them, and the Financial Times notes that Airbus' defense and space division and its Spanish division are likely candidates for leadership changes. Reference Link
05:37 EDTAAPLApple guidance ex-currency would be 5% higher, says Piper Jaffray
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January 27, 2015
19:26 EDTAAPLApple Pay service gaining in market share, Bloomberg reports
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18:57 EDTBABoeing gets additional order for Poseidon from Pentagon, Bloomberg reports
Boeing's will sell 16 units of its surveillance aircraft model, the P-89A Poseidon, to the U.S. Navy, one more than previously planned, according to the Pentagon's budget documents, Bloomberg reports. The Navy plans to ask for $3.4B for the airplane according to a unnamed source briefed on the spending plans. Reference Link
18:20 EDTAAPLOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
18:10 EDTAAPLApple says mobile users switching to Apple from Android at highest rate ever
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17:53 EDTAAPLApple says targeting additional 40 stores in China by end of 2016
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17:40 EDTAAPLApple says Apple watch expected to ship in April
Says the company has gained market share in 34 of the last 35 quarters. Says 2015 will be, "The year of Apple Pay." Says App store sales increased by 41%. Says Q1 results would have been even stronger without Forex volatility. Comments from company's Q1 earnings conference call.
17:18 EDTAAPLApple suppliers higher after company beats estimates
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16:37 EDTAAPLApple reports Q1 gross margin 39.9% vs. 37.9% last year
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16:33 EDTAAPLApple shares jump 5% to $114.50 after Q1 results top estimates
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16:32 EDTAAPLApple reports Q1 iPhone units 74.47M vs. 39.27M last year
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16:31 EDTAAPLApple sold 74.5M iPhones in Q1
16:30 EDTAAPLApple sees Q2 revenue $52B-$55B, consensus $53.79B
Sees Q2 gross margin between 38.5%-39.5%.
16:30 EDTAAPLApple reports Q1 EPS $$3.06, consensus $2.60
Reports Q1 revenue $74.6B, consensus $67.69B.
16:00 EDTAAPL, TSLAOptions Update; January 27, 2015
iPath S&P 500 VIX Short-Term Futures up 1.40 to 32.01. Option volume leaders: AAPL TSLA TWTR AMZN FB MSFT X RIG YHOO C GILD according to Track Data.
15:39 EDTAAPLApple January weekly 110 straddle priced for 5.8% movement into Q1
15:35 EDTBANotable companies reporting before tomorrow's open
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15:35 EDTAAPLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
14:46 EDTAAPLApple January weekly 113 straddle priced for 6.1% movement into Q1
14:27 EDTAAPLEarnings Preview: Apple China iPhone sales seen eclipsing U.S. for first time
Apple (AAPL) is set to report first quarter earnings after the market close on Tuesday, January 27, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $2.60 on revenue of $67.69B, according to First Call. The consensus range for EPS is $2.44-$2.97 on revenue of $65.01B-$74.27B. Along with its last earnings report, Apple said it sees Q1 revenue of $63.5B-$66.5B and a gross margin of 37.5%-38.5%. In a note to investors, Piper Jaffray analyst Gene Munster recently raised the firm's iPhone unit expectation to 65M from 61M based on the company reaching supply/demand balance before the end of the quarter. The firm reduced its iPad expectation to 22M from 25M and said it expects Mac sales to be roughly in line with the Street at around 5.3M units. LAST QUARTER: Apple reported fourth quarter EPS of $1.42, which topped the consensus estimate for $1.31. Fourth quarter revenue of $42.1B also beat the $39.85B consensus expectation. Apple reported it sold 39.27M iPhones, 12.32M iPads, 5.52M Macs, and 2.64M iPods in Q4. Apple reported Q4 gross margin of 38%, versus 37% last year, and noted that international sales accounted for 60% of the quarter’s revenue. NEWS: On November 11, Alibaba's (BABA) Executive Vice Chairman Joseph Tsai said the company and Apple were in talks for a potential partnership that would focus on the Chinese market, reported the Wall Street Journal. In an interview, Tsai said, “We are positive about the potential cooperation, but it depends on the details being worked out.” On January 8, Apple announced that the first week of January set a new record for billings from the App Store with customers around the world spending nearly half a billion dollars on apps and in-app purchases, and New Year’s Day 2015 marked the single biggest day ever in App Store sales history. These milestones follow a record-breaking 2014, in which billings rose 50% and apps generated over $10B in revenue for developers, Apple added. Yesterday, the Financial Times reported that Apple is expected to say it sold more iPhones in China than the U.S. for the first time last year. Analysts estimate the turning point in sales came last year after a deal with China Mobile (CHL), the publication added. ANALYST OPINION: On the day after Apple's last earnings report, Cantor Fitzgerald said Apple "executed impressively" in Q4 and provided a strong outlook for Q1. The firm added that it believed investors should "start thinking more boldly" about the company. It raised its price target for shares to $143 and keeps a Buy rating on the stock. Deutsche Bank, meanwhile, said it believed strong near-term growth was largely priced into Apple shares at then-current levels, while catalysts were limited ahead of Apple Watch. The firm expected shares to be range bound and kept a Hold rating on Apple following the company's better than expected Q4 results. On January 13, Credit Suisse analyst Kulbinder Garcha upgraded Apple to Outperform from Market Perform. The company should sell 215M iPhones in both fiscal 2015 and fiscal 2016, Garcha estimated. The same day, Canaccord analyst T. Michael Walkley said surveys showed strong demand and market share gains for the new iPhones. The analyst increased his iPhone estimates for Apple's December quarter, as well as his estimates for the company's overall December quarter results and reiterated a $135 price target and Buy rating on the shares. On January 15, Mizuho downgraded Apple to Neutral from Buy and maintained its $115 price target based on its belief that the risk/reward for the stock was balanced. The firm said it expects solid Q1 results and for the company's March outlook to be in-line with consensus, but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint. Yesterday, Piper Jaffray said it believes investors are expecting Apple to report 65M-69M iPhone sales for the December quarter. Piper, which thinks the iPhone 6 sales cycle is off to a better than expected start and will be more sustainable than in past cycles, believes Apple's March quarter revenue guidance could imply about 5% upside to Street estimates, which it feels should be enough for the stock to react positively post earnings. Piper reiterated an Overweight rating on Apple with a $135 price target. PRICE ACTION: Shares of Apple advanced about 2.7% on the first day of trade following its Q4 report. Over the last three months, shares of Apple are up a bit over 5%. In afternoon trading ahead of its Q1 report tonight, Apple was down almost 2% to just over $111 per share.
14:08 EDTAAPLApple leader of smartphone market in China, Reuters reports
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13:35 EDTAAPLApple technical comments ahead of earnings
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12:36 EDTBAEarnings Preview: Analyst sentiment mixed ahead of Boeing’s Q4 report
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10:24 EDTVLKAYAudi, Volkswagen, Porsche recall 27,000 cars for fuel leaks, AP says
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09:36 EDTAAPL, TSLAActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
09:33 EDTHMCHonda downgraded to Underweight at Mitsubishi UFJ Morgan Stanley
Mitsubishi UFJ Morgan Stanley downgraded Honda to Underweight from Equal Weight.
08:17 EDTAAPLXiaomi's latest smartphone sells out in three minutes, Android Central says
Xiaomi's latest smartphone Mi Note launched in China today and sold out in less than three minutes, reports Android Central. The next shipment of the $370 phone is scheduled for February 3 and the upgraded $530 Mi Note Pro is launching in March. Xiaomi is positioning the Mi Note as an Apple iPhone competitor and the company expects 100M handset sales across all products for 2015. Reference Link
08:13 EDTTSLATesla checks point to an uptick in order flow, says Credit Suisse
Credit Suisse's dealer checks suggest extended wait time for the Model S, extending to the 2.5-3 month range. Combined with recent production increases and weakening of China, this indicate an uptick in North American and European order flow, the firm said. Additionally, residual values are strong and when combined with the uptick in order flow, increase the firm's confidence in Tesla's ability to achieve 2015 guidance and share upside. The firm rates Tesla an Outperform with a $325 price target.
08:04 EDTAAPLApple granted patent for iPhone gaming controller, Apple Insider says
Apple has been granted a patent for an iPhone gaming accessory that snaps around the phone to offer additional controls, reports Apple Insider. The patent was first filed after the iPhone 3G was announced six years ago, and includes capabilities for directional pads, joysticks, extra buttons, rumble feedback, secondary displays, additional cameras and speakers, and a physical keyboard. Reference Link
08:03 EDTAAPLWestern Union to offer Apple Pay at flagship locations
Western Union (WU) announced it will offer Apple (AAPL)’s technology Apple Pay mobile payment solution at Western Union’s flagship locations, to provide consumers yet another way to fund global money transfers and bill payments in the United States. Consumers making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
07:35 EDTAAPLApple Q1 results should be positive catalyst, says Pacific Crest
Pacific Crest believes that Apple's Q1 iPhone sales should exceed most expectations, while Q1 results should boost the stock. However, the firm does not expect the company to generate significant EPS growth in fiscal 2016, and it keeps a Sector Perform rating on the shares.
07:21 EDTF, NSANY, TM, GM, VLKAY, HMCDEA using license-plate readers to spy on cars, WSJ reports
The Drug Enforcement Administration has been running a license-plate tracking program that has built a national database that enables it and other law enforcement agencies to track the movement of vehicles around the U.S., according to The Wall Street Journal, citing current and former officials and government documents. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
07:10 EDTBABoeing volatility elevated into Q4 and outlook
Boeing January weekly call option implied volatility is at 40, February and March is at 20; compared to its 26-week average of 19 according to Track Data, suggesting large price movement into the expected release of Q4 results on January 28.
06:44 EDTAAPLApple supplier Foxconn to cut workforce as sales growth eases, Reuters says
Apple supplier Foxconn Technology plans to reduce its workforce, according to Reuters. The Taiwan based manufacturer is experiencing declining revenue growth and increasing wages in China, the news service stated. Reference Link
06:36 EDTAAPLUSA Technologies announces nationwide rollout of new Apple Pay points
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January 26, 2015
18:30 EDTAAPLApple closing in on Samsung in smartphone sales, WSJ reports
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16:01 EDTTSLA, AAPLOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
15:44 EDTNSANYKCP&L plans to install, operate 1,000 electric vehicle charging stations
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14:10 EDTAAPLEarnings Preview: Analysts' opinions on Microsoft divided
Microsoft (MSFT) is scheduled to report results of its second quarter of fiscal year 2015 after the market close on Monday, January 26, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Windows smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $26.33B, according to First Call. The consensus range for EPS is 65c-81c on revenue of $25.87B-$27.52B. On its last earnings call, Microsoft said it sees Q2 licensing revenue of $4B-$4.2B, computers and gaming revenue of $3.5B-$3.8B, phone hardware revenue of $2B-$2.2B, device and consumer other revenue of $2.3B-$2.4B, commercial licensing revenue of $10.8-$11B and commercial other revenue of $2.5B-$2.6B. Microsoft noted that it expects a quarter-over-quarter decline in its non-commercial segment in Q2. LAST QUARTER: On October 23, Microsoft reported first quarter EPS of 54c, beating the consensus analyst forecast of 49c. It's revenue came in at $23.2B, topping the consensus estimate of $22.02B. Microsoft said its Q1 financial results include $1.14B of integration and restructuring expenses, or an 11c per share negative impact, related to both Microsoft’s restructuring plan announced in July and the ongoing integration of the Nokia Devices and Services business. Microsoft reported that its Q1 Devices and Consumer revenue grew 47% to $10.96B and that its Commercial revenue grew 10% to $12.28B. NEWS: On November 4, Dropbox and Microsoft announced a partnership, with the two companies teaming up to integrate their services for collaboration across Dropbox and Microsoft Office on phones, tablets and the web. On December 4, Barnes & Noble (BKS) announced that it would buy Microsoft's entire stake in the book retailer's NOOK Media subsidiary for about $62.5M in cash and 2.74M Barnes & Noble shares. Barnes & Noble said it was buying back the stake to facilitate the spin off of the NOOK business. On January 21, Microsoft announced at its Windows 10 event that Windows 8 and Windows 7 customers will get free upgrades to Windows 10. The company also said that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, making the virtual assistant available across smartphones, PCs and tablets. STREET RESEARCH: On the day after the company's last quarterly report, Credit Suisse said Microsoft reported strong hardware revenue outperformance combined with cost controls and cloud businesses momentum. The firm raised its price target on the stock to $55 from $50 and said it believed the company can return to double-digit EPS growth. On November 20, Jefferies initiated shares of Microsoft with an Underperform rating, saying the "new" Microsoft will look very much like the "old" Microsoft for some time. The firm attributed a rally in shares over the past year to optimism around new management, but it thinks the tech giant's fundamentals remain challenged despite its focus on cloud and mobile given its dependency on the PC market. Jefferies put a $40 price target on the stock at that time. In early December, JPMorgan started shares of Microsoft with an Overweight rating, saying the company has the strongest cloud platform among enterprise IT mega vendors. The firm set a $53 price target for the stock. Less than two weeks later, Piper Jaffray also began coverage on shares of Microsoft with an Overweight rating, saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. However, on December 16, BofA Merrill Lynch downgraded Microsoft to Underperform from Neutral. The firm downgraded shares based on elevated valuation and reduced visibility. BofA/Merrill has concerns of a slowing Win Pro cycle, the Consumer 365 transition, and challenging gross margins. BofA had a price target of $47 on Microsoft. PRICE ACTION: Over the last three months, Microsoft shares are up about 1%. In afternoon trading ahead of tonight's report, Microsoft is down almost 1% to trade near $46.74 per share.
09:49 EDTAAPL, TSLAActive equity options trading
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09:11 EDTTSLATesla to release updated Model S in China, add more service centers, WSJ says
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08:45 EDTAAPLApple iPhone shipments forecast at 73M for Q4, 61.7M for Q1, Apple Insider says
Apple iPhone 6 shipments have been forecast at 73M units for 4Q14 and 61.7M for 1Q15, reports Apple Insider, citing a research note by KGI analyst Ming-Chi Kuo. Kuo expects a Q1 launch for the latest MacBook Air and a March launch for the Apple Watch, with 4M-5M shipments and 2.8M sales of the smartwatch expected for the quarter. The analyst note also revises down iPad forecasts to 21.4M for 4Q14 and 10.1M for 1Q15, a 17.8% and 38% respective drop from last year. Reference Link
08:27 EDTAAPLApple volatility elevated into Q1 and outlook
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08:11 EDTFFord sales grew 6% in Germany during 2014, Reuters says
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07:24 EDTAAPLApple has multiple catalysts, says RBC Capital
RBC Capital predicts that Apple's December quarter revenue and iPhone sales will beat expectations, but warns that foreign exchange could hurt the company's margin growth. However, the firm expects the stock to perform well following the results and thinks the company has multiple positive catalysts. It recommends that investors own the stock through 1H15.
06:46 EDTAAPLSamsung to supply processors for next iPhone, Reuters says
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06:37 EDTAAPLApple to report China iPhone sales topped US iPhone sales, Financial Times says
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05:52 EDTAAPLApple guidance could imply 5% upside to consensus, says Piper Jaffray
Piper Jaffray believes investors are expecting Apple to report 65M-69M iPhone sales for the December quarter and it raised its iPhone unit expectation to 65M from 61M. Piper thinks the iPhone 6 sales cycle is off to a better than expected start and will be more sustainable than in past cycles. The firm believes Apple's March quarter revenue guidance could imply about 5% upside to Street estimates, which it feels should be enough for the stock to react positively post earnings. Piper reiterates an Overweight rating on Apple with a $135 price target ahead of tomorrow's earnings report.
January 25, 2015
17:30 EDTFDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
16:46 EDTVLKAYVolkswagen's Audi recalling 80K vehicles, Reuters says
Volkswagen is recalling 80,000 vehicles from its Audi luxury division for problems with the fuel injection system, says Reuters. The car maker said that 35,000 of the affected vehicles are in China, added Reuters. Reference Link
January 23, 2015
17:23 EDTBAAmerican Airlines takes delivery of first Boeing 787 Dreamliner
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16:01 EDTTSLA, AAPLOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
15:17 EDTAAPLApple volatility at upper end of five-year range into Q1
Apple January weekly call option implied volatility is at 51, February is at 33, March is at 32; compared to its 26-week average of 26 according to Track Data, suggesting larger price movement into the expected release of Q1 results on January 27.
11:54 EDTHMCHonda chooses Takata rival as supplier for Accord air bags, Reuters says
According to two people with knowledge of the matter, Honda (HMC) has chosen a Takata (TKTDY) rival to supply air bags for the next North American version of its Accord sedan, Reuters reports. Reference Link
10:54 EDTGMGoodyear Tire recalls 48,500 SUV tires after finding small tread cracks, AP says
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10:44 EDTAAPLPandora rallies after analyst releases upbeat survey results
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09:36 EDTAAPL, TSLAActive equity options trading
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08:36 EDTFFord sees continuing operations in Venezuela for 'foreseeable future'
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08:35 EDTFFord sees FY14 pre-tax profit, ex-items, about $6B
08:35 EDTFFord sees pre-tax special item charge of $800M in Q4
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07:28 EDTGMGeneral Motors has too much capital on balance sheet, Bass says
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07:28 EDTAAPLDeutsche sees limited near-term catalysts for Apple shares
Deutsche Bank raised its Q1 estimates for Apple to reflect strong iPhones sales and now believes 67M phones shipped in the quarter. It notes that expectations are likely closer to 70M. Deutsche sees limited near-term catalysts for the stock, however, with iPhone sales peaking in Q1 and Apple Watch not expected to ship until the end of Q2. It keeps a Hold rating on Apple shares with a $102 price target.
06:22 EDTAAPLApple sees strong growth in Asian smartphone sales, CNBC says
Apple (AAPL) captured 33% of South Korea's smartphone market share in November, reports CNBC, citing Counterpoint Research. South Korean Samsung's (SSNLF) market share fell from 60% six months earlier to 46%. Apple also captured over 50% market share in Japan and saw a rise to 12% in China behind Lenovo (LNVGY) and Xiaomi. Reference Link
06:12 EDTAAPL, FFord announces opening of Palo Alto engineering center
Ford (F) yesterday opened the Research and Innovation Center Palo Alto, growing its global research team and accelerating the company’s innovation in connectivity, mobility, autonomous vehicles, customer experience and big data. The all-new Research and Innovation Center Palo Alto joins Ford’s global network of research and innovation centers, including its location in Dearborn, Michigan, which focuses on advanced electronics, human-machine interface, materials science, big data and analytics; and Aachen, Germany, which focuses on next-generation powertrain research, driver-assist technologies and active safety systems. With the new facility, Ford expects to have one of the largest automotive manufacturer research centers in Silicon Valley by the end of the year, with 125 researchers, engineers and scientists. Located in Stanford Research Park, the facility also expands Ford’s physical footprint – with further expansion planned in the near future. Ford opened its first Silicon Valley office in 2012. Leading the new research center is Dragos Maciuca, an engineer who joins Ford from Apple (AAPL) with a background in consumer electronics, semiconductor manufacturing, aerospace and automotive. While Ford’s research and development in autonomous vehicles is a global effort, including ongoing work with University of Michigan and Massachusetts Institute of Technology, the Palo Alto team will expand collaboration with Stanford University that kicked off in 2013. For this next phase of research, Ford is contributing a Fusion Autonomous Research Vehicle to the Stanford engineering program to begin testing the path planning-and-prediction algorithms researchers have developed over the past year. Ford is integrating with the Nest application programming interface, targeting home energy and emergency system management while on the road through a series of research experiments.
05:55 EDTAAPLApple ranks top smartphone vendor in Taiwan for December, DigiTimes reports
Apple has ranked as the top smartphone vendor in the Taiwan market in December in both sales and volume, reports DigiTimes. According to data compiled by local retail channels, Apple took a 25.9% share in sales volume and 53.2% in sales value due to its success in iPhone 6 sales. Reference Link
05:52 EDTAAPLGartner: Samsung, Apple remain top semiconductor buyers in 2014, Digitimes says
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January 22, 2015
17:18 EDTAAPLJ. Crew CEO Mickey Drexler to retire from Apple board
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16:00 EDTTSLA, AAPLOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
14:12 EDTAAPLXoom will incorporate Apple’s Touch ID technology in app
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13:03 EDTAAPLAnalysts differ on SanDisk after Apple loss clips outlook
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11:31 EDTTSLAStocks with call strike movement; TSLA BABA
Tesla (TSLA) February 230 call option implied volatility increased 3% to 58, Alibaba (BABA) February 115 call option implied volatility increased 3% to 42 according to IVolatility.
10:07 EDTGMGM invests $300M to upgrade plant for new Cadillac sedan, Reuters reports
GM has invested $300M to upgrade and automate its Detroit-Hamtramck plant ahead of the launch of the 2016 Cadillac CT6 luxury sedan, reports Reuters. The investment includes the construction of a new body shop equipped with 205 robots and designed to use advanced manufacturing techniques as aluminum laser welding. Reference Link
09:43 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
08:36 EDTAAPLApple volatility at upper end of five-year range into Q1
Apple January weekly call option implied volatility is at 48, February is at 35, March is at 32; compared to its 26-week average of 26 according to Track Data, suggesting larger price movement into the expected release of Q1 results on January 27.
07:59 EDTAAPLSanDisk growth story remains intact, says Citigroup
Citigroup attributes the 7% post-earnings drop in shares of SanDisk (SNDK) to the company unexpectedly announcing that Apple (AAPL) was dropping SanDisk as a supplier of client SSDs. The firm estimates that the Apple SSD business is roughly 8%-10% of SanDisk's revenue. Citi says it was relieved, however, when management attributed the Q4 miss to product shortage, implying NAND industry excess inventory is not an issue. It believes the company's secular growth story remains intact, and keeps a Buy rating on the name despite lowering its price target to $97 from $110.
07:55 EDTAAPLApple survey could mean earnings upside, says UBS
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07:20 EDTGMGM bringing Spark electric vehicle to Maryland by June, WSJ says
General Motors will start selling its Spark EV in Maryland by late June, reports the Wall Street Journal. The state joins California and Oregon in offering the $17,845 electric-only car, which can travel 119 miles per charge. Official GM announcements are expected at the upcoming Washington D.C. auto show. Reference Link
06:29 EDTAAPLApple's iPhone 6 Plus surging in China, Business Insider reports
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06:11 EDTAAPLWhatsApp now available in web browsers
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January 21, 2015
19:18 EDTNSANY, FIATY, TM, GM, F, HMC, VLKAYLower oil prices could boost car and truck sales, CNBC reports
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16:00 EDTTSLA, AAPLOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
13:54 EDTGMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
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13:53 EDTHMC, GM, NSANY, F, TMGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
12:48 EDTBABoeing exec sees demand for 737 MAX, 777, despite oil slump, Reuters says
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12:31 EDTAAPLMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:24 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bank’s executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
11:34 EDTAAPLAmazon pulling plug on Amazon Wallet app beta, CNet reports
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10:29 EDTAAPLAcacia Research down almost 13% after patent ruling
Earlier today, Acacia Research (ACTG) announced its CEO and President Matt Vella will discuss the January 20th, 2015 ruling received by Adaptix, , a subsidiary of Acacia Research, relating to patent cases pending in the District Court for the Northern District of California. The Court’s ruling granted a motion finding no infringement of certain method claims asserted by Adaptix against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. Shares of Acacia Research are lower by almost 13% to $13.90 in morning trading.
09:16 EDTTSLAOn The Fly: Pre-market Movers
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09:11 EDTTSLATesla faces risks from Musk ambition, says Morgan Stanley
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09:04 EDTEADSYEmirates to buy 100 Airbus A380 if engine receives upgrade, Bloomberg says
Emirates has committed to buying 100 more Airbus A380 planes on the condition that the company upgrades its engines, reports Bloomberg. The offer comes as new A380 orders crawled to a halt in 2014 and Airbus focuses on its new A350 wide-body. The development of the new "Neo" engines would cut seat-mile costs by 10%-13%. Reference Link
08:37 EDTAAPLSkyworks shares should be bought ahead of results, says Pacific Crest
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08:11 EDTAAPLApple acquires music analytics company Semetric, Guardian says
Apple (AAPL) acquired British startup Semetric as it prepares to relaunch its Beats Music streaming service, reports The Guardian. Semetric owns the Musicmetric analytics tool, giving music industry clients the ability to track legitimate sales and streaming downloads, illegal pirate downloads, and social media activity. The Guardian notes that Apple may be looking to undercut Spotify's subscription rates and rebrand Beats Music under its iTunes label. Reference Link
07:41 EDTAAPLApple volatility at upper end of five-year range into Q1
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07:26 EDTAAPLApple Q4, Q1 results likely to beat expectations, says Oppenheimer
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06:52 EDTFRegulators deciding whether Ford should widen recall, Reuters says
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06:23 EDTBAUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
06:13 EDTAAPLApple's rumored iPhone 6S could feature 'radical' changes, Forbes reports
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05:53 EDTAAPLTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
18:45 EDTTSLASpaceX raises $1B, Google, Fidelity to own slightly under 10%, Bloomberg says
Elon Musk's Space Exploration Technologies Corp. has sold an approximately 10% stake to Google (GOOG) and Fidelity for $1B, Bloomberg reports. Reference Link
16:34 EDTTSLASpacex has raised $1B, Google and Fidelity to own slightly under 10%
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16:00 EDTAAPLOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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12:51 EDTVLKAY, TMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
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10:21 EDTTSLATesla slips, levels to watch
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09:38 EDTAAPLActive equity options trading
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08:59 EDTGMGM receives 108 new ignitition claims, $400M earmarked for cases, Reuters says
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08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
05:23 EDTFFord Mustang now available in China
For the first time in its 50-year history, Mustang will be available to customers around the world in more than 100 markets. First shipments of the highly anticipated Mustang are headed for Asia, with vehicles arriving in Europe midyear. The all-new Mustang – assembled in Flat Rock, Michigan – now joins other Ford and Lincoln vehicles exported to countries abroad. In 2013, Ford shipped more than 380,000 vehicles from the United States.
January 19, 2015
17:57 EDTTSLAGoogle near $1B investment in SpaceX, WSJ reports
Google is near an agreement to invest $1B in Elon Musk's SpaceX, Wall Street Journal reports, citing a person familiar with the matter. The investment would value SpaceX at more than $10B, the Journal adds. The Information earlier today reported Google was near an investment in SpaceX, but did not specify the amount. Reference Link
12:29 EDTTSLAGoogle near investment in Musk's SpaceX, The Information reports
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January 18, 2015
17:46 EDTFNHTSA probes Ford recall of its Super Duty pickups, Bloomberg says
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13:45 EDTAAPLGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:00 EDTTSLA, AAPLOptions Update; January 16, 2015
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15:10 EDTAAPLApple volatility at upper end of five-year range
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09:37 EDTTSLAActive equity options trading
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08:47 EDTAAPLIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:14 EDTFFord to boost production at German assembly plants, WSJ reports
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08:09 EDTAAPLApple price target raised to $123 from $120 at RBC Capital
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07:53 EDTTSLAChanos says he is 'potential purchaser' of Tesla shares
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06:29 EDTGMJudge rules GM lawyer notes protected by attorney-client privilege, Reuters says
U.S. District Judge Jesse Furman ruled that plaintiffs’ lawyers suing General Motors could not access notes prepared by the company's lawyers, to prepare an internal report on the ignition-switch flaw, due to those notes being protected under attorney-client privilege, reports Reuters. Reference Link
06:27 EDTAAPLSamsung names Lee Don-tae as global design team leader, Korea Joongang says
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06:25 EDTAAPLApple to open five new stores in China in next five weeks, Xinhua News reports
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06:11 EDTAAPL, FIATYEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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06:11 EDTAAPLApple implied volatility of 41 at upper end of index mean range
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06:10 EDTAAPLGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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05:59 EDTAAPLIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
January 15, 2015
16:01 EDTAAPL, TSLAOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
15:02 EDTAAPLEarnings Preview: Jefferies refutes bear case on Intel
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14:24 EDTTSLAElon Musk says 'Will be building a Hyperloop test track'
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14:07 EDTAAPLBank of America says 800,000 customers enrolled in Apple Pay
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13:49 EDTBANorthrop Grumman beats out Boeing for missile contract, Reuters reports
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13:06 EDTAAPLGoogle to stop selling Glass to individuals on January 19, WSJ reports
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12:05 EDTBABoeing reports orders for 336 more military rescue radios
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11:36 EDTAAPLChina's Xiaomi targets iPhone users with new handset model, AP says
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11:08 EDTAAPLReport: Apple may include 2GB of faster RAM in iPhone 6s, MacRumors says
Apple may boost its internal RAM to 2GB and use "force touch" technology for its iPhone 6s, reports MacRumors. Citing a report from TechNews Taiwan, the RAM modules offer low power consumption and a significant performance increase from the 1GB used in the current iPhone 6 and iPhone 6 Plus. Reference Link
10:06 EDTAAPLApple falls, levels to watch
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10:00 EDTAAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTTSLA, AAPLActive equity options trading
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09:07 EDTBAAstro-Med reaches deal with Donghai for flight deck printers
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08:30 EDTFIATY, AAPLEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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07:19 EDTBABoeing and Air Europa announce order for 14 787-9 Dreamliners
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06:30 EDTTM, GM, FGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
06:28 EDTGMAlly Financial shares overreacted to GM news, says Citigroup
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06:12 EDTAAPLTSMC sales likely to disappoint in Q2, DigiTimes reports
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06:06 EDTAAPLApple downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Apple to Neutral and maintained its $115 price target based on balanced risk/reward. The firm expects solid Q1 results on January 27 and for March outlook to be inline with consensus but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint.
06:05 EDTAAPLApple implied volatility of 39 at upper end of index mean range
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