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Stock Market & Financial Investment News

News For AAPL;HPQ;SD;MON From The Last 14 Days
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May 20, 2015
09:36 EDTAAPLActive equity options trading on open
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08:45 EDTHPQHewlett-Packard volatility elevated into Q2 and outlook
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07:33 EDTMONMonsanto 'confident in ability' to address regulatory concerns in Syngenta deal
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07:33 EDTMONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
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07:31 EDTMONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
07:30 EDTMONMonsanto, Scotts Miracle-Gro expand long-standing agreement
Monsanto Company (MON) and The Scotts Miracle-Gro Company (SMG) announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. Since 1999, Scotts Miracle-Gro, through one of its subsidiaries, has served as Monsanto's exclusive agent for the marketing and distribution of Roundup® non-selective herbicides in the consumer lawn and garden market within the United States and select international markets. Today’s agreement will unlock additional value in the Roundup brand in the lawn and garden segment by providing Scotts with an extended license to use the Roundup brand in new lawn and garden product categories and broaden their marketing rights into new geographies. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300M in exchange for a Roundup® brand license, extended agency agreement and technology agreement.
07:07 EDTMONBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
07:06 EDTMONScotts Miracle-Gro announces agreement with Monsanto to extend Roundup brand
Scotts Miracle-Gro (SMG) announced an agreement with Monsanto (MON) that offers opportunities to extend the Roundup brand into new lawn and garden categories and geographies. The two companies also have reached a technology sharing agreement and have made amendments to the existing Roundup Agency Agreement that provide greater long-term security for ScottsMiracle-Gro. Key highlights to the agreements provide ScottsMiracle-Gro with enhanced security, as termination of the agreement no longer includes specific performance criteria. In the event Monsanto terminates the agreement, in certain circumstances, the company would receive a termination fee of no less than $200M and would retain its agency rights for at least 5 years. ScottsMiracle-Gro has agreed to pay Monsanto $300M in connection with these and other amendments to the current Agency Agreement and the brand extension and joint technology agreements. Financing will be accommodated under the company's existing credit facility. Because the ability to introduce new products and enter new geographies could take several years, the amended agreement modifies the existing commission structure. The result of the new structure is expected to offset financing costs and the expenses required for the development of new Roundup products and services.
06:25 EDTAAPLSamsung could release next Galaxy Note phone as early as July, BI reports
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May 19, 2015
16:23 EDTAAPLOn The Fly: Top stock stories for Tuesday
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16:01 EDTAAPLOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
13:52 EDTAAPLPiper Jaffray says shelving television plans won't hurt Apple shares
Following a report by The Wall Street Journal that Apple (AAPL) shelved its television set plans "more than a year ago," Piper Jaffray issued a research note updating its view on the company. WHAT'S NEW: Prior to the market open, The Wall Street Journal released an article stating that, according to people familiar with the matter, Apple has "quietly shelved" its plans to develop a high-definition television set. The company experimented with video calls and 4K resolution as it searched for a justification to enter the TV market, but ultimately decided to instead focus on an online television service and a redesigned Apple TV device. Following the release of that article, Piper Jaffray analyst Gene Munster issued a note reconciling its long-held hope for an Apple television set with the Wall Street Journal's cancellation news. Later in the afternoon, Carl Icahn appeared on CNBC to respond to his recent open letter claiming that Apple was significantly undervalued, partly because of expectations for an Apple television set by 2016. In the CNBC interview, Icahn claimed the Wall Street Journal's article is contradictory, but maintained that the purpose of his letter was to spur additional stock repurchases by Apple. WHAT'S NOTABLE: Piper Jaffray said it believes there will be "no sustained impact" to Apple shares on the news because most analysts did not have definite expectations for a television. The firm believes that Apple will continue to develop its Apple TV set top box and possibly incorporate HomeKit, Siri, and an app store into the next model of the device. However, Piper did reiterate its belief that Apple will somehow move into the living room, citing statements by CEO Tim Cook calling the TV viewing experience "broken." The firm believes Apple is "actively" developing virtual and augmented reality products, though it cautions that a product launch could be five years away, if not more. Piper concluded with a reminder that its television expectations were not built into its model for Apple, and reiterated its Overweight rating and $162 price target. PRICE ACTION: Apple has advanced fractionally during the trading session, rising 0.35% to $130.65 at time of writing.
12:55 EDTHPQPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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12:47 EDTAAPLIcahn says will 'definitely be wearing' Apple Watch, but does not have one yet
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12:39 EDTAAPLIcahn says Apple CEO, board doing 'great job'
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12:36 EDTAAPLIcahn says letter had 'one purpose,' getting Apple to buy back more stock
Icahn says "one thing" he disagrees with Apple about is the company's stock repurchase levels. Icahn said if Apple decides not to build a television it does not change his view of the company "one iota." Icahn says he "talks from time to time" with Apple CEO Tim Cook, but he will not discuss what is said in those talks publicly as one of the company's larger shareholders. Carl Icahn is speaking on CNBC.
12:32 EDTAAPLCarl Icahn says 'a bit confused' by WSJ report on Apple television plans
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12:25 EDTAAPLOn The Fly: Top stock stories at midday
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09:37 EDTAAPLActive equity options trading on open
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09:25 EDTAAPLJim Cramer tells Apple CEO to acquire Harman
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