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Stock Market & Financial Investment News

News Breaks
February 27, 2013
16:30 EDTCWH, ZGNX, PZZA, GWRE, AH, AAPLOn 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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February 18, 2015
06:20 EDTAAPLApple awarded patent for wireless head-mounted display, Financial Times reports
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February 17, 2015
17:02 EDTAAPLSoros Fund Management gives quarterly update on stakes
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16:22 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; February 17, 2015
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13:18 EDTAAPLOmega Advisors gives quarterly update on stakes
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12:50 EDTAAPLOn The Fly: Midday Wrap
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10:31 EDTAAPLApple rises as analysts applaud reported auto ambitions
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09:40 EDTAAPLActive equity options trading on open
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07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPLMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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February 15, 2015
16:44 EDTAAPLApple Watch could increase revenue by 10% next year, Barron's says
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07:47 EDTAAPLHope of car positive for Apple shares, says Piper Jaffray
Piper Jaffray analyst Gene Munster said in a note to investors yesterday that the potential for a car gives investors something to look at as "the next big thing" for Apple. Munster believes the Wall Street Journal's report that Apple is building an electric car will help support the stock over the next six months. He believes it is unlikely that the company launches anything in the next five years, however. Munster reiterated an Overweight rating on Apple with a $160 price target. The stock closed Friday up 62c to $127.08.
07:46 EDTAAPLApple working on minivan-like electric vehicle, WSJ reports
Apple has "several hundred" employees working secretly toward creating an Apple-branded electric vehicle, Wall Street Journal reported yesterday, citing people familiar with the matter. The project is known internally as "Titan" and has a design that resembles a minivan, the Journal added. The Financial Times reported yesterday that the iPhone maker is recruiting experts in automotive technology and vehicle design. Reference Link
February 13, 2015
13:56 EDTAAPLApple working on car technology in secretive lab, FT says
Apple, which often investigates wide ranging product areas, has been recruiting automotive technology and vehicle design experts who are at work in a confidential Silicon Valley location near the company’s Cupertino campus, Financial Times reported, citing people familiar with the matter. Reference Link
08:43 EDTAAPLApple price target raised to $135 from $130 at BMO Capital
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06:14 EDTAAPLTSMC transfers more peripheral IC orders to Vanguard, DigiTimes reports
TSMC (TSM) has transferred more orders for peripheral ICs for use in Apple's (AAPL) mobile devices to Vanguard International, reports DigiTimes. According to industry sources, Vanguard has already entered Apple's supply chain by providing TSMC 8-inch production capacity for power management IC orders placed by Dialog Semiconductor. Reference Link
05:53 EDTAAPLApple price target raised to $150 from $130 at UBS
UBS analyst Steven Milunovich raised his price target for Apple shares to $150 from $130 citing the tech giant's "expanding ecosystem." Milunovich believes services based on Apple's operating system, such as Apple Pay, Car Play, HomeKit, and HealthKit, will play key role in extending Apple's reach. He believes Apple is evolving into a "platform company" from a "device company" and that this transition may bring the iPhone maker's market capitalization to $1T. Milunovich has a Buy rating on Apple. The stock closed yesterday up $1.58 to $126.46, representing a market cap of $739B.
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