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Stock Market & Financial Investment News

News Breaks
February 27, 2013
16:30 EDTPZZA, GWRE, AH, AAPL, CWH, ZGNXOn The Fly: Closing Wrap
Stocks on Wall Street were higher after pending home sales data lifted the averages. The averages reversed off their early session lows quickly and the upward momentum carried on throughout the day, leading to a close near multi-year highs for the Dow and the S&P... ECONOMIC EVENTS: In the U.S., durable goods orders fell 5.2% in January, versus the expected decline of 4.8%. When transportation items are removed from the data, orders were up 1.9%, versus an expected increase of 0.2%. Pending home sales increased 4.5% in January from the prior month, versus an expected increase of 1.9%... COMPANY NEWS: Apple (AAPL) held its annual shareholders meeting amidst speculation that the company may announce measures to address its considerable cash holdings. However, CEO Tim Cook went no further than saying the company is having "very, very active" talks regarding what to do with its cash. Apple shares bounced around during the meeting, ending the day down $4.40, or 0.98%, at $444.57... MAJOR MOVERS: Among notable gainers was Guidewire (GWRE), up $5.22, or 16.56%, to $36.75 after the company reported earnings that beat estimates and Pacific Crest raised its price target on shares to $40 from $36. Also higher were shares of Zogenix (ZGNX), up 49c, or 40.5%, to $1.70 after the company said it is unlikely to receive an action letter from the FDA, which analysts said could be a positive. Among noteworthy losers was Accretive Health (AH), down $2.54, or 20.97%, to $9.57 after postponing its Q4 earnings report due to an accounting review. Also lower were shares of Papa John's (PZZA), down $5.18, or 9.14%, to $51.47 after the company disclosed last night that it was restating its FY09, FY10, and FY11 earnings after reassessing the accounting of its joint venture agreements. Another decliner was CommonWealth REIT (CWH), down $1.89, or 7.75%, to $22.51 as the company reiterated its intention to pursue a common share offering. Investors Corvex and Related, which yesterday said they were prepared to offer $25 per share for the company, are now reportedly ready to offer $27 per share if the planned offering is canceled and the company agrees to hold talks... INDICES: The Dow was up 175.24, or 1.26%, to 14,075.37; the Nasdaq was up 32.61, or 1.04%, to 3,162.26; and the S&P 500 was up 19.05, or 1.27%, to 1,515.99.
News For AAPL;GWRE;ZGNX;AH;PZZA;CWH From The Last 14 Days
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December 11, 2014
06:32 EDTAAPLGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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December 10, 2014
16:00 EDTAAPLOptions Update; December 10, 2014
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14:20 EDTAAPLUnited Continental providing 23,000 flight attendants with iPhone 6 Plus
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09:36 EDTAAPLActive equity options trading
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08:36 EDTAAPLApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPLOptions Update; December 9, 2014
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10:35 EDTAAPLApple falls, levels to watch
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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08:57 EDTGWREGuidewire selected by Germania Insurance for InsuranceSuite, InfoCenter
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
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