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Stock Market & Financial Investment News

News For AAPL;GOOG From The Last 14 Days
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June 16, 2015
14:47 EDTGOOGBanking sources say Twitter open to potential sale, Gasparino says
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13:56 EDTGOOGTwitter hits 52-week low after MKM downgrades on user growth concerns
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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 EDTAAPLActive 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 EDTGOOGTwitter 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
06:13 EDTAAPLAlibaba, Foxconn could invest $500M in Snapdeal, WSJ reports
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06:01 EDTGOOGNeal Mohan not leaving Google for Dropbox, Re/code reports
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05:52 EDTGOOGStocks with implied volatility movement; GOOG VXX
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June 15, 2015
17:32 EDTAAPLApple posts job listing seeking Apple News editor
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16:00 EDTAAPLOptions Update; June 15, 2015
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10:34 EDTAAPLMicron declines after another analyst says sell
The shares of memory makers Micron (MU) and SanDisk (SNDK) are falling after Morgan Stanley downgraded both stocks in a note to investors earlier today. MICRON: Morgan Stanley analyst Joseph Moore downgraded Micron to Underweight, the firm's equivalent of a "sell" rating, from Equal Weight. Moore said that his checks in Taiwan indicate that the outlook for DRAM, a form of flash memory sold by Micron, is "cautious versus expectations" for the third quarter. Previously, the analyst had expected DRAM to experience a seasonal boost in Q3, but he now expects this lift to be delayed until at least Q4. Moreover, DRAM prices will probably stay weak through Q3 as customers' inventories of DRAM are excessive, while sales of PC DRAM will probably remain weak in Q3 and could stay low in Q4, the analyst stated. Moore is concerned that DRAM supply could exceed expectations in 2016, while demand for the product could decelerate next year. Micron could have difficulty improving its earnings in 2016 from current levels, warned the analyst, who set a $21 price target on the shares. WHAT'S NOTABLE: On June 9, after conducting checks in Taiwan, research firm Piper Jaffray predicted that PC DRAM prices would continue to decline. However, the firm kept an Overweight rating on Micron, citing its belief that the stock's valuation was "compelling." Much more pessimistic was research firm Drexel Hamilton, which on June 9 cut its rating on Micron to Sell from Hold, DRAM price declines are likely to continue, the firm predicted. SANDISK: On SanDisk, Moore believes that the company will have trouble recovering from declines in purchases of its products by Apple (AAPL). Various technological issues will prevent it from selling its products to other smartphone makers, the analyst stated. Meanwhile, SanDisk is unlikely to find alternative buyers for its SSD memory, since it is not widely used, added Moore. As a result, SandDsk will have to charge lower prices for its products, according to Moore, who downgraded SanDisk to Equal Weight from Overweight and lowered his price target on shares to $75 from $80. PRICE ACTION: In early trading, Micron fell 4.5% to $24 and SanDisk gave back 3.3% to $63.90.
10:29 EDTAAPLApple to pay more than 70% of Music revenue to rights owners, Re/code reports
Apple will pay music owners 71.5% of Apple Music's subscription revenue in the U.S. and 73% of the revenue to music owners outside the U.S, reports Re/code. In an interview, Apple's Robert Kondrik said the totals include payments to people who own the sound recordings Apple Music will pay as well as the people who own the publishing rights to the underlying compositions. Kondrik says Apple’s payouts are a few percentage points higher than the industry standard, in part to account for the lengthy trial period. Reference Link
09:50 EDTAAPLApple price weakness continues, levels to watch
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09:38 EDTAAPLActive equity options trading on open
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08:34 EDTAAPLGlobal Payments announces support for Apple Pay in the U.K.
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08:19 EDTAAPLLG Display tapped as sole OLED supplier for second-gen Apple Watch, MK reports
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07:46 EDTAAPLJabil Circuit upgraded to Buy on continued growth at Needham
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06:45 EDTAAPLBeats axed plans for Sonos-like Wi-Fi speaker system, Variety reports
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