New User:

Forgot your password?

Stock Market & Financial Investment News

Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 >>
November 18, 2015
11:04 EDTTGTTarget sees Q4 SSS up 1%-2%
Subscribe for More Information
11:01 EDTTGTTarget says working with CVS team to secure regulatory approval for deal
Target (TGT) says "pleased" with progress to date of CVS (CVS) deal.
11:00 EDTTGTTarget sees industry's move to EMV restoring confidence to U.S. payment system
Subscribe for More Information
10:49 EDTAAPLGoldman says buy Apple ahead of 'Apple-as-a-Service' sentiment shift
The shares of Apple (AAPL) are climbing after Goldman Sachs added the stock to its Conviction Buy List. Apple is taking steps to increase the monetization of its customer base and investors should begin to focus on the company's monetization and recurring revenue opportunities over the next year, leading to a higher valuation after this transition occurs, the firm predicts. WHAT'S NEW: Apple can significantly increase the monetization of its 500M users over the next few years, Goldman analyst Simona Jankowski wrote in a note to investors today. It should be able to attain this goal by selling more of its services, such as Apple TV and Apple Music, to its customers and by convincing them to buy more of its hardware products, including Macs, iPads and watches, the analyst stated. Apple's introduction of installment plans for the iPhone should also facilitate its transition to a recurring revenue model, Jankowski indicated. If Apple creates similar installment plans for its other products and services, its current average revenue per iPhone user would be $42 per month, the analyst estimated. If every iPhone users adopts every Apple product and service, the tech giant's ARPU would climb to $153 per month, implying that it can grow significantly as its users adopt more of its products and services, according to Jankowski. The market currently values Apple as a hardware company and would give the company a higher valuation if it began to view the tech giant as having a recurring revenue model, which she dubs "Apple-as-a-Service." She has a $163 price target on the shares. PRICE ACTION: In morning trading, Apple rose about 3% to $117 per share.
10:47 EDTTGT, AAPLTarget sees Apple Watch to be top gift in wearable category in holiday season
Subscribe for More Information
10:43 EDTTGTTarget says wearable devices bright spot in electronics in Q3
CEO Brian Cornell says "strategy working." Says consumers spending cautiously, but says "confident" heading into the holiday season. says sales in signature categories growing much faster than overall sales. Notes that traffic has turned positive over last four quarters. Reports continued softness in tablets in Q3, says wearable devices a bright spot in electronics. Says Q3 softness in electronics "particularly impactful" online. Comments taken from the Q3 earnings conference call. Target is down 6.03% to $68.51 in morning trading.
10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apple (AAPL) upgraded to Conviction Buy from Buy at Goldman... BorgWarner (BWA) upgraded to Buy from Neutral at Goldman... Cognex (CGNX) upgraded to Buy from Hold at Canaccord... FARO Technologies (FARO) upgraded to Buy from Hold at Canaccord... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... LendingClub (LC) upgraded on valuation, positive outlook at Sterne Agee CRT... Middleby (MIDD) upgraded to Outperform from Market Perform at BMO Capital... Perrigo (PRGO) upgraded to Buy from Neutral at B. Riley... RE/MAX Holdings (RMAX) upgraded to Market Perform from Underperform at JMP Securities... Sally Beauty (SBH) upgraded to Buy from Neutral at Goldman... Shopify (SHOP) upgraded to Outperform from Market Perform at Raymond James... TASER (TASR) upgraded to Buy from Neutral at Ladenburg... USG (USG) upgraded to Buy from Neutral at Northcoast.
09:52 EDTAAPLApple trades up, Goldman adds to Conviction Buy List
The stock was last at $116.89, up over 2.8% on the session on moderate volume. At current price next resistance is at $119.27. Support is at $115.75, the opening price of the day.
09:43 EDTTGTTarget drops after earnings
Subscribe for More Information
09:34 EDTAAPL, FBActive equity options trading on open
Subscribe for More Information
08:05 EDTTGTTarget reports Q3 SSS up 1.9%
Subscribe for More Information
08:04 EDTTGTTarget says returned $1.3B to shareholders in Q3
08:04 EDTTGTTarget narrows FY15 adjusted EPS view to $4.65-$4.75 from $4.60-$4.75
Subscribe for More Information
08:03 EDTTGTTarget sees Q4 adjusted EPS $1.48-$1.58, consensus $1.54
08:02 EDTTGTTarget narrows FY15 adjusted EPS view to $4.65-$4.75 from $4.60-$4.75
Subscribe for More Information
08:00 EDTTGTTarget reports Q3 adjusted EPS 86c, consensus 86c
Subscribe for More Information
06:14 EDTAAPLApple upgraded to Conviction Buy from Buy at Goldman
Goldman Sachs analyst Simona Jankowski upgraded Apple to Conviction Buy saying the stock trades at a 30% discount to the S&P 500 multiple. The market views Apple as a "hardware" stock, or a company with limited recurring revenue and visibility that only extends to the next product cycle, Jankowski tells investors in a research note. Over the next year, however, the analyst expects the market focus will shift from unit growth to installed base monetization and recurring revenues, which she dubs "Apple-as-a-Service." Jankowski believes Apple has a "significant multi-year opportunity" to increase monetization given its estimated installed base of 500M loyal iPhone users. She has a $163 price target for shares. The iPhone maker closed yesterday down 49c to $113.69.
06:12 EDTAAPLApple Pay coming to Domino's by end of year, Cinnabon in 2016, AP reports
Apple (AAPL) yesterday said that company-owned Domino's (DPZ) pizza outlets will be accepting Apple Pay by the end of 2015, while Cinnabon plans to integrate the mobile payments solution in its stores in 2016, The Associated Press reports. Reference Link
05:56 EDTAAPLSony Mobile, LG to develop smartphone app processors in-house, DigiTimes says
Subscribe for More Information
05:55 EDTFBFacebook partners with Airtel Africa to bring free basics to 17 countries
In an announcement on Facebook, CEO Mark Zuckerberg said, "In South Africa , we announced with Airtel Africa that we will be bringing free basic services to all 17 countries where they operate. first launched in Zambia and today half of the 30 countries with Free Basics are in Africa. These new launches will bring free services to Burkina Faso, Chad, Gabon, Madagascar, Niger, Nigeria, Republic of the Congo, Sierra Leone and Uganda. We also recently partnered to launch a satellite to provide internet coverage to remote areas of Sub-Saharan Africa starting in 2016. We've also partnered with the Praekelt Foundation to give developers the tools they need to build free basic services to reach people just coming online. Connecting people across the African continent is critical to our mission. We're going to keep pushing forward to develop new ways to bring people online until the whole world is connected." Reference Link
<< 1 | 2 | 3 | 4 | 5 | 6 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use