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Stock Market & Financial Investment News

News Breaks
May 29, 2014
16:38 EDTAAPL, HSH, TSN, PPC, BIIB, PLKI, TLYS, KORSOn The Fly: Closing Wrap
Stocks on Wall Street began the session on the plus side and remained there throughout the day. Most of the day was spent close to the flat line as the market essentially ignored the day’s economic data, including a worse than expected downward revision to Q1 gross domestic product. The averages began to lift late in the day to go out on their highs, though once again the move came on light volume. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated that gross domestic product decreased at a 1% annual rate in the first quarter of the year, which is down significantly from the government's first estimate of positive 0.1% growth for the period and below the consensus expectation for a revision to a 0.5% decline. Initial jobless claims dipped 27K to 300K in the week ended May 24 from a revised 327K previously. An index of pending home sales edged up 0.4% to 97.8 in April, which was less than the expected 1% rise. COMPANY NEWS: Apple (AAPL) shares rose $11.37, or 1.82%, to $635.38 after the company confirmed last night that it has agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. Financial Times first reported on May 8, citing people familiar with the negotiations, that Apple was in talks to acquire Beats. In a note to investors after the confirmation, JPMorgan wrote that the deal "is really about what Apple can do with Beats Music" to revitalize its own iTunes music business. Meanwhile, PiperJaffray stated that Apple acquired Beats for several reasons, including the opportunity to bring Beats co-founders Jimmy Iovine and Dr. Dre to Apple to work on content... Hillshire Brands (HSH) jumped $7.94, or 17.73%, to $52.76 after the company received an unsolicited, all-cash takeover offer of $50 per share from Tyson Foods (TSN), which also rose $2.50, or 6.13%, to $43.25. Tyson's newly disclosed offer topped the $45 per share bid announced just two days ago from Pilgrim's Pride (PPC). MAJOR MOVERS: Among the notable gainers was Popeyes Louisiana Kitchen (PLKI), which rose $5.51, or 14.47%, to $43.58 after reporting better than expected quarterly results and raising its fiscal year earnings view. Also higher was Biogen Idec (BIIB), which gained $11.04, or 3.58%, to $319.85 after JPMorgan upgraded the shares to Overweight, citing upside potential from the company's multiple sclerosis franchise as well as its mid-stage pipeline opportunities. Among the noteworthy losers was apparel, footwear and accessory retailer Tilly's (TLYS), which dropped $1.81, or 17.11%, to $8.77 after the company reported a decline in its first quarter same-store sales and gave lower than expected earnings guidance for the new quarter. Also lower were shares of luxury retailer Michael Kors (KORS), which slipped $4.73, or 4.88%, to $92.28 after the stock was downgraded at Avondale to Market Perform from Outperform. INDEXES: The Dow was up 65.56, or 0.39%, to 16,698.74, the Nasdaq was up 22.87, or 0.54%, to 4,247.95, and the S&P 500 was up 10.25, or 0.54%, to 1,920.03.
News For AAPL;HSH;TSN;PPC;BIIB;PLKI;TLYS;KORS From The Last 14 Days
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October 9, 2014
06:29 EDTAAPLIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTAAPLMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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06:26 EDTAAPLGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
16:26 EDTAAPLOn The Fly: Closing Wrap
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16:01 EDTAAPLOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:12 EDTAAPLNuance October calls active amid speculation Icahn speculation
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15:00 EDTAAPLApple shares climb following Icahn tweet of open letter to Tim Cook
Activist investor Carl Icahn tweeted that he is sending an open letter to Tim Cook tomorrow. This news along with the better tone in markets has helped lift the shares back above the psychologically important $100 level. Next resistance is at $101.79. Support is at $99.90.
14:54 EDTAAPLApple volatility flat, Icahn says to send open letter to CEO Tim Cook tomorrow
Apple October weekly call option implied volatility is at 23, October is at 20, November is at 26, December is at 24, January is at 23; compared to its 26-week average of 25 according to Track Data, suggesting non-directional price movement on Carl Icahn says to send open letter to CEO Tim Cook tomorrow.
14:36 EDTAAPLIcahn says to send open letter to Apple CEO Tim Cook tomorrow
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12:08 EDTAAPLApple sends out invites for October 16 event, 9to5Mac reports
Apple has sent out invitations for its October 16 event that is expected to introduce new iPads and Macs, 9to5Mac reports. The event will take place at the Town Hall auditorium on its Infinite Loop Campus in Cupertino, California and begin at 1pm ET. Reference Link
11:45 EDTAAPLApple 'surprised' by GT Advanced's Chapter 11 filing, WSJ reports
Apple (AAPL) says it was "surprised" by GT Advanced's (GTAT) Chapter 11 bankruptcy filing on Monday, the Wall Street Journal reports. Apple says it is focused on preserving jobs in Arizona and will continue to work with state and local officials "as we consider our next steps." GT Advanced is a partner for Apple's sapphire initiative. Reference Link
11:41 EDTAAPLJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
10:44 EDTAAPLFitbit said it has no plans to integrate with iOS 8 Heath app, 9to5Mac says
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09:57 EDTAAPLBlog reveals next-generation Apple iPad Air, 9to5Mac says
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09:38 EDTAAPLActive equity options trading on open
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08:20 EDTAAPLQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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06:57 EDTAAPLApple's iPhone 6 Plus more popular than iPhone 6, WantChinaTimes says
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06:13 EDTAAPLNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
06:10 EDTAAPLQuantom begins small-volume production of 12-inch Macbook Air, DigiTimes says
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05:54 EDTAAPLTeen interest in Apple Watch 'tepid,' says Piper Jaffray
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