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Stock Market & Financial Investment News

News Breaks
July 16, 2014
12:07 EDTAAPL, IBMApple, IBM rise after agreeing to collaborate on mobile products
Shares of Apple (AAPL) and IBM (IBM) are climbing after the companies announced a deal to partner on mobile products for corporations. WHAT'S NEW: Apple and IBM announced last night that they would collaborate to provide mobile solutions for businesses. Under the deal, the companies will develop more than 100 enterprise solutions, including native apps, for Apple's iPhone and iPads. A number of IBM's cloud services will be optimized for Apple's iOS operating system and IBM will provide device activation, supply, and management solutions for iOS, the companies said. Moreover, IBM will sell iPhone and iPads to all of its business clients around the world, the companies noted. ANALYST REACTION: Following Apple's deal with IBM, investors will begin to focus on Apple's opportunities with businesses and other organizations, Goldman Sachs analyst Bill Shope wrote in a note to investors today. Smartphones that are being used for business will constitute nearly 30% of the overall smartphone market by 2015, the analyst estimated. The deal with IBM is clearly positive for Apple, as it validates the "unique enterprise capabilities" of iOS, Shope wrote. The lack of fragmentation in iOS makes it uniquely suited for organizations, indicated the analsyt, who kept a Buy rating on Apple shares. WHAT'S NOTABLE :In another note to investors today, Citigroup analyst Jim Suva initiated coverage of Apple with a Buy rating, as he believes that the consensus outlook is underestimating the demand for Apple's upcoming iPhone 6 device. Suva thinks that analysts' consensus estimates for the company's 2015 and 2016 performance are too low and he set a $110 price target on the stock. PRICE ACTION: Near noon, Apple rose 1% to $96.31 and IBM climbed 2.3% to $192.80.
News For AAPL;IBM From The Last 14 Days
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October 7, 2014
08:46 EDTAAPLFireEye announces targeted attack protection for Apple platform
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08:15 EDTAAPLApple leaks point to iPad Air 2 with Touch ID, gold color, Michael Report says
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07:48 EDTIBMU.S. Chamber of Commerce to hold a discussion
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06:29 EDTIBMIBM, Globalfoundries reignite discussions for chip division, Bloomberg says
IBM and Globalfoundries have restarted discussions for IBM to sell its unprofitable chip production division, according to Bloomberg, citing a person familiar with the matter. The source said that IBM could pay Globalfoundries more than $1B to take over the unit. Reference Link
06:14 EDTAAPLSamsung may find difficulty competing with TSMC for Apple chips, DigiTimes says
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06:11 EDTAAPLApple adjusts supply ratio for iPhone 6 and iPhone 6 Plus, DigiTimes reports
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06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
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06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
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October 6, 2014
16:20 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
16:00 EDTAAPLOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:01 EDTAAPLGT Advanced bankruptcy implies breakdown with Apple, says Raymond James
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11:41 EDTAAPLSolar companies sink after GT Advanced declares bankruptcy
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10:38 EDTAAPLApple's iPhone 6, 6 Plus to launch in India on October 17, Times of India says
Apple's iPhone 6 and iPhone 6 Plus will be available in India beginning Friday, October 17 through authorized resellers, the Times of India reports. Pre-orders for the devices start on October 7. The 16GB version o the iPhone 6 will be available at Rs 53,500, the 64GB version is priced at Rs 62,500 and the 128GB version of the phone will sell for Rs 71,500; the 16GB version of the iPhone 6 Plus will be available for Rs 62,500, while the 64GB version will cost Rs 71,500 and the 128GB version will sell for Rs 80,500. Reference Link
09:37 EDTAAPLActive equity options trading on open
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08:10 EDTIBMArrow Electronics says now authorized distributor of Lenovo enterprise products
Arrow Electronics (RW) announced it is now an authorized North American Lenovo distributor System X and related solutions following the transition of IBM’s (IBM) System X server business to Lenovo (LNVGY) effective Oct. 1. Additionally, Lenovo’s ThinkServer rack servers, tower servers and enterprise storage product lines are available through Arrow. Future offerings from Lenovo through Arrow will include the low-end storage and associated networking products to be announced in the coming weeks.
07:42 EDTAAPLSkyworks well positioned to benefit from iPhone upgrade cycle, says Canaccord
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07:34 EDTAAPLApple updates software to protect against iWorm bug, MacRumors reports
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07:16 EDTAAPLiOS 8 adoption appear slower than its predecessors, 9to5Mac reports
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06:25 EDTAAPLiPhone 6 chip orders to remain high in 1Q15, DigiTimes reports
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06:19 EDTIBMHP facing competition from Lenovo in PCs, servers, WSJ reports
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