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News For AAPL;HPQ;SD;MON From The Last 14 Days
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October 8, 2015
06:59 EDTHPQEMC, Dell deal could boost infrastructure valuations, says William Blair
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06:55 EDTAAPLiPhone 6S with TSM processor has better battery life, 9to5Mac reports
Some models of Apple's (AAPL) new iPhone 6S ship with a processor made by TSMC (TSM), as opposed to a Samsung (SSNLF) made component, and the TSMC phones offer a better battery life than the Samsung models, 9to5Mac reports. Reference Link
06:45 EDTMONMonsanto valuation attractive at current levels, says Deutsche Bank
Deutsche Bank analyst David Begleiter says the "robust" 2017 guidance and $3B accelerated share repurchase program offset Monsanto's Q4 miss and "weak" 2016 guidance. He views the stock as attractively valued at current levels and keeps a Buy rating on the name. Following the Q4 results, Begleiter cut his price target for shares to $104 from $110.
06:29 EDTAAPLApple's Jimmy Iovine says free music is a 'shell game', CNet reports
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06:16 EDTAAPLFingerprint sensors to come on more Android phones in 2016, DigiTimes reports
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06:03 EDTAAPLPiper's Munster sees Upgrade Program pushing Apple shares higher
Piper Jaffray analyst Gene Munster does not believe the "significance" of Apple's iPhone Upgrade Program is being reflected in the share price at current levels. Annual upgrades will likely push the U.S. upgrade cycle to an average of 15 months from the current 22 months by 2018, Munster tells investors in a research note. This should add between 5%-7% to consensus iPhone unit expectations in each of the next 4-plus years, he adds. Munster sees upside to shares of Apple based on this faster upgrade cycle trend. He has an Overweight rating on the stock with a $172 price target. The iPhone maker closed yesterday down 53c to $110.78.
05:58 EDTHPQOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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05:20 EDTSDStocks with implied volatility movement; SD HLF
Stocks with implied volatility movement; SandRidge Energy (SD) 160, Herbalife (HLF) 88 according to iVolatility.
October 7, 2015
16:10 EDTAAPLPatent office to review two VirnetX patents, Bloomberg reports
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16:01 EDTAAPLOptions Update; October 7, 2015
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15:14 EDTAAPLAmazon considering possible online service for live TV, Bloomberg says
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12:48 EDTAAPLPandora sinks after $450M Ticketfly acquisition
Pandora (P), a music streaming and automated music recommendation service, is trading lower after announcing it will acquire ticketing company Ticketfly. Ticketfly competes with much larger rival Ticketmaster, a unit of Live Nation (LYV). WHAT'S NEW: Pandora announced the $450M Ticketfly acquisition this morning, referring to the combination as the definitive music platform for connecting fans, artists and event promoters. The Pandora Ticketfly hook-up will address the "longstanding problem" of finding events by giving promoters and venues access to Pandora's targeted audience of nearly 80M music fans, the company said. "This is a game-changer for Pandora - and much more importantly - a game-changer for music," said Brian McAndrews, chief executive officer at Pandora. "Over the past 10 years, we have amassed the largest, most engaged audience in streaming music history. With Ticketfly, we will thrill music lovers and lift ticket sales for artists as the most effective marketplace for connecting music makers and fans." WHAT'S NOTABLE: Pandora, which competes with Apple (AAPL) Music and Spotify, has been expanding the services it provides to artists. Last year it introduced the Artist Marketing Platform, or AMP, that allows musicians free access to the data it stores about their fan base. In May, Pandora announced that it has agreed to acquire Next Big Sound, a provider of online music analytics. ANALYST TAKE: In a note to investors this morning, Piper Jaffray analyst James Marsh said he sees Pandora accelerating tickets sales across the Ticketfly platform. Marsh, who kept an Overweight rating on Pandora shares, sees substantial leverage for Pandora's sales force platform generating advertising and sponsorship opportunities to live events. According to the analyst, the Ticketfly purchase along with Pandora's past initiatives may pave the way for the music streaming service company to get direct licensing deals that could enable Pandora to offer its service in markets outside the U.S. PRICE ACTION: Shares of Pandora are down 5% to $20.87 uin afternoon trading, while Live Nation is about flat at $25.40.
12:20 EDTMONOn The Fly: Top stock stories at midday
Stocks on Wall Street opened with gains as investors grew optimistic about economic growth as oil prices continued to rally. The market moved to sharply higher gains at the outset and then stalled following the release of the weekly energy inventory report. The larger than expected build of crude oil inventories pushed the price of oil lower and took the broader equity market with it. Each of the major indices has crossed back into the green, but they are all trading close to the flat line near midday. ECONOMIC EVENTS: In the U.S., the greater than expected build up in crude oil inventories pushed WTI crude back below $48 per barrel. The EIA reported that crude oil inventories rose by 3.07M barrels, versus the consensus forecast for a 2.25M barrel build. A report on consumer credit in August is scheduled for 3 pm EDT. COMPANY NEWS: Yum! Brands (YUM) was the worst performer in the S&P 500, falling 18% after the restaurant brand owner reported worse than expected third quarter financial results and gave weaker than expected guidance amid a slower than expected recovery in its sales in China... Monsanto (MON) shares initially dropped following the company's report of worse than expected quarterly losses, but the stock recovered to be flat near noon. The genomics giant gave ongoing earnings guidance for the new fiscal year that missed expectations, but it also confirmed its five-year plan to more than double ongoing earnings per share along with announcing a new $3B accelerated share repurchase program and saying it sees cutting 2,600 jobs over next 18-24 months as part of its restructuring plans... Anheuser-Busch InBev (BUD) made a third proposal to combine with SABMiller (SBMRY), upping its offer for the rival brewing giant to 42.15 pounds a share. Altria Group (MO), SABMiller's largest shareholder, said it supports a proposal of GBP 42.15, or higher, with a partial share alternative, and would be prepared to elect the partial share alternative. However, SABmiller, said this morning that the new overture still undervalues it "very substantially." MAJOR MOVERS: Among the notable gainers was Freeport-McMoran (FCX), which jumped 10% after the company added two Carl Icahn representatives to its board. Also higher was SunEdison (SUNE), which gained 8% after the Wall Street Journal reported that the company won't complete its planned $700M purchase of Latin American Power. Among the noteworthy losers was GoPro (GPRO), which dropped 7% after Morgan Stanley lowered its price target on the stock to $35 from $62 due to disappointing Session sales. Also lower was Nu Skin (NUS), which dropped 25% after cutting its guidance for the third quarter, citing lower than expected sales of its new cosmetic oils in China during August and September. INDEXES: Near midday, the Dow was up 23.38, or 0.14%, to 16,813.57, the Nasdaq was up 0.89, or 0.02%, to 4,749.25, and the S&P 500 was up 3.28, or 0.17%, to 1,983.20.
11:33 EDTAAPLGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
11:13 EDTAAPLApple falls, levels to watch
The shares are leading on the downside, last at $109.93. At that price next support is at $108.01. Resistance is at $111.31, the prior session close.
10:58 EDTAAPLBarclays to launch Apple Pay support in UK in early 2016
Barclays (BCS) plans to launch Apple (AAPL) Pay support in the UK in early 2016, reports Mac Rumors. In an email to customer Mike Jobson, Barclays CEO of Personal and Corporate Banking Ashok Vaswani said, "We have signed up for ApplePay and will launch it very early in the New Year. We truly value your custom and hope that you continue to bank with us particularly since we are launching this shortly." Reference Link
09:41 EDTMONMonsanto says demand trends for corn remain robust
The company said the world is consuming the supply at record pace. Targets Global Corn portoflio to reach 240M acres by 2025, Intacta RR2 Pro to reach 145M acres by 2025, Roundup Ready Xtend crop system to reach 300M acres by 2025 and Crop protection to reach 125M acres by 2025.
09:40 EDTMONMonsanto targets to more than double FY14 ongoing EPS by FY19
Expects more than 20% EPS growth starting in FY17. Global currencies are assumed to be relatively stable with the end of FY15 rates. Expected to deliver $3.5B gross profit growth from FY16 to FY19. Expects long-term net-debt to EBITDA ratio to be 1.5x.
09:38 EDTMONMonsanto says industry faces challenging macro environment
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09:36 EDTAAPLActive equity options trading on open
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