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News Breaks | | | | September 17, 2012 | | 16:19 EDT |  | AAPL, GM, IRIS, DHR, JAZZ, THLD, GRPN | On The Fly: Closing Wrap
Stocks on Wall Street were lower, taking a pause from a recent rally that put the S&P near highs it hasn't seen in five years. Stock futures, which had already been weak, softened further after the disappointing Empire State manufacturing reading, which led to a lower opening for the broader market. Against the backdrop of the soft domestic data and rising yields in peripheral European sovereign bonds, investors saw little reason to step in and stem the selling. Dueling trade complaints from the United States and China to the World Trade Organization did little to build confidence either. The averages continued to drift lower slowly but fairly steadily most of the whole session, with an unexplained late day fall in the price of oil lending further fuel to the downdraft... ECONOMIC EVENTS: Domestically, the New York Fed’s measure of factory activity in the state, the “Empire State” index, slid to minus 10.41, versus expectations for it to improve to minus 2. Also, oil prices declined sharply before trading in New York ended for the day, though the White House responded to rumors by saying there was "no change" for strategic petroleum reserves and the CME Group said it was not aware of any technical issues responsible for the crude sell-off... COMPANY NEWS: Apple (AAPL) said that pre-orders for its latest iPhone doubled the prior record for the device by topping 2M sold in 24 hours. The news, along with more positive commentary and price target increases from Street analysts, helped push shares up $8.50, or 1.23%, to $699.78... General Motors (GM) has been rebuffed by the Treasury Department in pleas to the government to sell its remaining stake in the auto maker at a loss, according to a Wall Street Journal report... MAJOR MOVERS: Among the notable gainers were IRIS International (IRIS), up $6.12, or 45.60%, to $19.54, after agreeing to be acquired by Danaher (DHR) for $19.50 per share, and Jazz Pharmaceuticals (JAZZ), up $7.17, or 14.90%, to $55.29, following a ruling in a patent case for its narcolepsy drug Xyrem that an analyst said appeared to be favorable. Noteworthy losers included Threshold Pharmaceuticals (THLD), down $1.72, or 19.72%, to $7.00, after the company said one of its cancer drugs did not have a statistically significant impact on overall survival in a trial, and Groupon (GRPN), down 52c, or 9.87%, to $4.75, as Evercore added the stock to its "Conviction Sell" list and a firm that tracks local advertising and commerce said the online deals marketplace is maturing and may be near saturation... INDICES: The Dow lost 40.27, or 0.30%, to 13,553.10; the Nasdaq fell 5.28, or 0.17%, to 3,178.67; and the S&P 500 dropped 4.58, or 0.31%, to 1,461.19. | |
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News For AAPL;GM;IRIS;DHR;JAZZ;THLD;GRPN From The Last 14 Days Check below for free stories on AAPL;GM;IRIS;DHR;JAZZ;THLD;GRPN the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | AAPL | Options Update; May 17, 2013
 Subscribe for More Information | | | 12:13 EDT |  | AAPL | Samsung says S4 sales to reach 10M next week, Korea Times says
Subscribe for More Information | | | 12:01 EDT | | AAPL | iPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says
AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link | | | 11:05 EDT | | AAPL | Apple devices approves for use on U.S. military networks, Bloomberg says
Subscribe for More Information | | | 10:17 EDT |  | GM | GM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today. | | | 10:07 EDT |  | GM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:57 EDT | | AAPL | Apple devices approved for use by Pentagon, Bloomberg reports
Subscribe for More Information | | | 09:37 EDT | | AAPL | Active equity option families trading on open
Subscribe for More Information | | | 07:11 EDT | | AAPL | Apple to suggest tax reform for offshore cash, Bloomberg reports
Subscribe for More Information | | | 06:43 EDT | | AAPL | Apple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link | | | | 06:12 EDT | | AAPL | Apple losing its edge as innovator, poll shows, Bloomberg reports
Subscribe for More Information | | | 06:06 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | 05:39 EDT | | GM | General Motors upgraded to Buy from Underperform at CLSA
Subscribe for More Information | | | May 16, 2013 | | 14:01 EDT | | AAPL | Options Update; May 16, 2013
Subscribe for More Information | | | 13:05 EDT | | AAPL | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | 10:20 EDT |  | AAPL | Apple reverses sharply higher after breaking below $420
Subscribe for More Information | | | 10:09 EDT | | GRPN | Groupon co-CEO thinks revenue can grow to $100B annually, BI reports
Groupon co-CEO Ted Leonsis told Business Insider he believes the company can eventually generate $100B of revenue per year, according to an interview published last night. Reference Link | | | 10:03 EDT |  | AAPL | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 09:44 EDT | | AAPL | Apple falls in early trading, levels to watch
The shares are down over 1.6% to $420.77. At that price, next support is at $419.85. Resistance is at $424.85. Among issues that could be contributing to the price decline are continued cutting of postions by hedge funds long the stock, a news item that Apple and its supplier Foxconn are violating work-hour laws in China, and a U.S. Senate inquiry into its treatment of taxes and non-patriated foreign profits. | | | 09:36 EDT | | AAPL | Active equity option families trading on open
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