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Stock Market & Financial Investment News

News Breaks
February 7, 2014
16:25 EDTCI, ATHN, PCLN, LNKD, OWW, TWTR, TRIP, EXPE, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher despite a disappointing U.S. employment report that showed the economy added 113,000 non-farm jobs in January, well short of analysts' expectations. The averages bounced around after the market opened, but eventually found upside momentum and traded steadily higher throughout the day, closing near session highs. ECONOMIC EVENTS: In the U.S., 113,000 non-farm jobs were added last month, versus the expected increase of 180,000 jobs. The unemployment rate fell to 6.6%, hitting its lowest level since October 2008. U.S. consumer credit for December was reported at $18.8B, topping estimates for $12B and better than the revised November reading for $12.4B. COMPANY NEWS: Apple (AAPL) gained $7.44, or 1.45%, to $519.95 after CEO Tim Cook revealed to the Wall Street Journal that the company has bought back $14 billion of its own shares since it reported its earnings on January 27. Cook also said that Apple had bought back a total of more than $40 billion of its own shares over the past year... Online travel agency Expedia (EXPE) gained $9.31, or 14.29%, to $74.45 after reporting stronger-than-expected quarterly results, and a number of its online travel peers, including priceline.com (PCLN), up $58.22, or 5.11%, to $1,196.56, and Tripadvisor (TRIP), up $7.31, or 9.48%, to $84.45 and Orbitz Worldwide (OWW), up 30c, or 4.21%, to $7.43 also advanced following the news. MAJOR MOVERS: Among the notable gainers following its earnings report was healthcare services company athenahealth (ATHN), up $34.85, or 25.06%, to $173.93, putting the stock's gains over the last year near 100%. Also higher was microblogging site Twitter (TWTR), up $4.32, or 8.63%, to $54.35 as the stock rebounded following its more than 20% decline during Thursday's session after its quarterly report. Among the noteworthy losers was professional networking site LinkedIn (LNKD), down $13.86, or 6.2%, to $209.59 after giving first quarter and fiscal 2014 revenue outlooks that fell short of expectations. Also lower were shares of health insurer Cigna (CI), down $7.90, or 9.25%, to $77.47 after issuing a disappointing profit forecast for fiscal 2014. INDEXES: The Dow was up 165.55, or 1.06%, to 15,794.08; the S&P 500 was up 23.59, or 1.33%, to 1,797.02; the Nasdaq was up 68.74, or 1.69%, to 4,125.86.
News For AAPL;EXPE;PCLN;TRIP;OWW;ATHN;TWTR;LNKD;CI From The Last 14 Days
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June 16, 2015
14:48 EDTAAPLMobileIron working with Apple for iPad applications, TechCrunch says
Apple (AAPL) is working with MobileIron (MOBL) to help deploy applications into the enterprise, TechCrunch reports. Reference Link
14:47 EDTTWTRBanking sources say Twitter open to potential sale, Gasparino says
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13:56 EDTTWTRTwitter hits 52-week low after MKM downgrades on user growth concerns
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13:24 EDTTWTRTwitter's Costolo says CEO search should be 'out in the open,' Bloomberg reports
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12:58 EDTCIVolatility spiked for providers of health insurance following takeover reports
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11:08 EDTCIUnitedHealth has information advantage over peers, says Piper Jaffray
Piper Jaffray analyst Sean Wieland writes that regardless of potential consolidation in the industry, UnitedHealth (UNH), following its acquisition of Optum, has an information advantage that could be years ahead of the other payors. Wieland says UnitedHealth's reported offer to acquire Aetna (AET) for $40B looks understated compared to Anthem's (ANTM) rejected $45B bid for Cigna (CI). He reiterates an Overweight rating on UnitedHealth with a $149 price target.
11:06 EDTTWTRTwitter introduces autoplay video and new viewability standard
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11:02 EDTTWTRStocks with call strike movement; TWTR FEYE
RT Options Scanner shows Twitter (TWTR) September 39 call option implied volatility increased 4% to 46, FireEye (FEYE) December 60 call option implied volatility increased 3% to 46 according to IVolatility.
10:01 EDTTWTRTwitter hits a new 52-week low, levels to watch
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10:01 EDTTWTROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Hold from Buy at Deutsche Bank... Alumina (AWCMY) downgraded to Neutral from Outperform at Credit Suisse... Avalanche Biotechnologies (AAVL) downgraded on lack of catalysts at SunTrust... DealerTrack (TRAK) downgraded to Hold from Buy at Craig-Hallum... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... Methode Electronics (MEI) downgraded to Neutral at Baird... Profire Energy (PFIE) downgraded to Hold from Buy at Maxim... Standard Pacific (SPF) downgraded to Neutral from Outperform at Credit Suisse... The Fresh Market (TFM) downgraded to Sell from Neutral at Northcoast... Twitter (TWTR) downgraded to Neutral at MKM Partners on stalled user growth... United Natural Foods (UNFI) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Underperform from Neutral at Macquarie.
09:51 EDTAAPLApple stores begin selling Apple Watch, BGR reports
Apple stores around the country have begun to receive shipments of the Apple Watch for sale, reports BGR. According to sources, the stores can sell the device for sale through in-store reservations for personal pickup after an online purchase. There's no word on the product mix at this point. Reference Link
09:36 EDTTWTR, AAPLActive equity options trading on open
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08:22 EDTAAPLApple iPhone demand holding up better than expected, says Pacific Crest
Pacific Crest says its initial estimates of iPhone component orders for the September quarter indicate that iPhone demand should hold up better than it had previously expected. The firm adds that iPhone demand appears to have remained solid in recent months, which should enable Apple's Q3 EPS to beat expectations. Pacific Crest adds that its more upbeat view on the iPhone is "somewhat offset" by its less positive outlook on Apple Watch sales. Nevertheless the firm thinks that the iPhone's improved outlook reduces the stock's downside risk. However, it keeps a Sector Weight rating on the shares.
07:51 EDTTWTRTwitter downgraded to Neutral at MKM Partners on stalled user growth
As previously reported, MKM Partners analyst Rob Sanderson downgraded Twitter (TWTR) to Neutral from Buy, noting that growth in its user base is stalling out and he sees no catalyst for sentiment to improve in the next two quarters, besides a possible bid from Google (GOOG). Sanderson thinks the company's CEO search brings with it some uncertainty and likely delays user experience improvements, unless Jack Dorsey takes over full-time, but that would require him to give up his CEO post at Square. The firm lowered its estimates on Twitter and cut its price target on the shares to $39 from $57.
07:17 EDTAAPLUber previously had talks with Apple, Starbucks on logistics tie-up, WSJ says
Uber was reportedly in talks “in recent months” with Apple (AAPL) and Starbucks (SBUX) to create partnerships to help build its same-day product delivery program, but both companies instead went with startup courier service Postmates, the Wall Street Journal reports, citing people familiar with the matter. Uber launched its logistics service a year ago with plans to sign up with “dozens” of retailers, yet has announced partnerships with only six, the report says. Eat24, owned by Yelp (YELP), and GrubHub (GRUB) also held discussions with Uber but haven't reached any agreements, the report says. Reference Link
06:45 EDTCICigna price target raised to $180 from $145 at Deutsche Bank
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06:24 EDTTWTRTwitter downgraded to Neutral from Buy at MKM Partners
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06:13 EDTAAPLAlibaba, Foxconn could invest $500M in Snapdeal, WSJ reports
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05:53 EDTTWTRStocks with implied volatility above IV index mean; TWTR AA
Stocks with implied volatility above IV index mean; Twitter (TWTR) 32, Alcoa (AA) 32 according to iVolatility.
05:53 EDTCIAetna approached by UnitedHealth about merger, WSJ reports
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