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Stock Market & Financial Investment News

News Breaks
July 16, 2014
12:07 EDTIBM, AAPLApple, 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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November 11, 2014
13:08 EDTIBMIBM CFO says not looking for big, transformative acquisitions
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09:55 EDTAAPLAlibaba, Apple working out details on partnership in China, WSJ reports
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09:37 EDTAAPLActive equity options trading
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08:15 EDTAAPLAlibaba says willing to collaborate with PayPal in future, Bloomberg reports
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07:35 EDTAAPLApple price target raised to $125 from $115 at UBS
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06:31 EDTAAPLApple making aggressive move into corporate market, Reuters says
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06:03 EDTAAPLQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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November 10, 2014
16:00 EDTAAPLOptions Update; November 10, 2014
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12:42 EDTAAPLFireEye details hack attack found on Apple operating system
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12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:28 EDTIBMIBM announces collaboration with with NVIDIA and Julich Supercomputing
IBM (IBM), in collaboration with NVIDIA (NVDA), and the Julich Supercomputing Center, part of the largest research center in Germany, announced plans for a new competency center to advance the creation and optimization of research applications on GPU-accelerated OpenPOWER compatible systems.
09:35 EDTAAPLActive equity options trading
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07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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07:12 EDTIBMCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:27 EDTAAPLGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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November 7, 2014
16:00 EDTAAPLOptions Update; November 7, 2014
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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