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Stock Market & Financial Investment News

News For AAPL;FB;GOOG;ROST From The Last 14 Days
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October 29, 2014
12:58 EDTFBOn The Fly: Midday Wrap
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12:20 EDTFBStocks with call strike movement; FB EA
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11:48 EDTAAPLCurrentC mobile payment system endures breach, Business Insider says
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11:09 EDTFBFacebook sinks after unveiling 2015 spending plans
Shares of Facebook (FB) are retreating after the company announced stronger than expected results but said its expenses would jump 50%-70% in 2015 compared to this year. A number of analysts remained upbeat on the company's outlook following its results and guidance. WHAT'S NEW: Facebook's third quarter earnings per share came in at 43c, above the consensus estimate of 40c. The company's revenue came in slightly above expectations. The social networking giant said that its monthly active users had risen 14% in Q3 versus the same period a year earlier to 1.35B. But the company added that its expenses would surge 50%-70% in fiscal 2015, compared with fiscal 2014. Facebook reported that it plans to invest in various new technologies, including artificial intelligence and virtual reality. ANALYST REACTION: In a note to investors, Cantor Fitzgerald analyst Youssef Squali wrote that the stock and the company's margins would likely be pressured in the near-term by its spending plans. But Facebook's outlook is still strong and its valuation is compelling, the analyst stated. Moreover, Facebook's margins should remain healthy, and its results were "excellent," he wrote. Squali cut his price target on the name to $80 from $82, but kept a Buy rating on the shares. Meanwhile, Goldman Sachs analyst Heather Bellini wrote that Facebook's spending next year is likely to come in below its guidance, as in the past, while the company's ad platform continues to have strong momentum. Facebook's ability to attract users across multiple devices and platforms is unparalleled and should enable the company to attract more ad dollars, the analyst wrote. She believes that the weakness in the stock today has created a buying opportunity. PRICE ACTION: In late morning trading, Facebook fell 6% to $76.
09:42 EDTAAPL, FBActive equity options trading
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09:39 EDTGOOGRuckus to provide routers for Google small business Wi-Fi program, GigaOM says
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09:23 EDTFBFacebook should be bought on weakness, says RBC Capital
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09:19 EDTFBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
09:05 EDTAAPLAerohive clarifies Wi-Fi infrastructure donated in support of Apple program
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07:56 EDTFBFacebook shares should be bought on weakness, says Oppenheimer
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07:55 EDTFBFacebook price target raised to $88 from $84 at Canaccord
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07:53 EDTAAPLMCX member stores block Apple Pay amid threat of fines, NY Times says
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07:38 EDTFBFacebook weakness an excellent buying opportunity, says Goldman
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07:36 EDTFBFacebook reports WhatsApp net loss ($232M) in 1H
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07:29 EDTFBFacebook price target lowered to $85 from $90 at JPMorgan
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06:49 EDTFBFacebook to be well-positioned over long-term, says Cantor
After Facebook unexpectedly said that it would make aggressive investments next year, Cantor thinks the investments position the company to improve ihe engagement and monetization of its major websites over the long-term. The firm says the decision will pressure the stock and margins over the short-term, but it expects the company's margins to remain healthy and finds the stock's valuation compelling. It keeps a Buy rating.
06:31 EDTFBFacebook 10% sell-off 'seems appropriate,' says Deutsche Bank
Deutsche Bank says the 10% pullback in shares of Facebook following the company's Q3 results "seems appropriate" given reduced earnings expectations for all high multiple internet companies in the quarter and the upcoming 180M shares available for sale from the WhatsApp deal. Deutsche recommends adding to positions on weakness over the next several days as it continues to view Facebook as one of the best names in the space. It has a Buy rating on the stock with a $90 price target.
06:26 EDTGOOGMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
06:23 EDTFBFacebook thesis intact despite expense guidance, says Piper Jaffray
Piper Jaffray attributes the post-earnings sell-off in shares of Facebook to the company's unexpected guidance for Q4 revenue and 2015 expenses. Piper still sees multiple catalysts for Facebook including video, Audience Network, WhatsApp, Atlas, and Instagram. It keeps an Overweight rating on the stock with an $82 price target saying its thesis remains intact.
October 28, 2014
18:42 EDTFBOn The Fly: After Hours Movers
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