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Stock Market & Financial Investment News

News For AAPL;INTC;C;GOOG;LVS From The Last 14 Days
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March 4, 2015
06:31 EDTAAPL, GOOGGartner: Apple sold more smartphones than Samsung in Q4
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06:30 EDTGOOGGoogle looking to expand wireless service, WSJ says
Google is looking into expanding wireless services by launching a conventional wireless offering and freeing a large amount of inexpensive airways for public use, reports the Wall Street Journal. Reference Link
06:16 EDTGOOG, AAPLApple, Google develop fix for 'Freak' cybersecurity flaw, Reuters says
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06:10 EDTAAPLApple Pay seeing high fraud rates, WSJ says
Banks are experiencing a relatively high amount of fraud on the Apple Pay service, reports the Wall Street Journal's Digits blog, citing people familiar with the matter. Criminals are reportedly exploiting vulnerabilities in the credit card verification process, though banks say they are tightening loopholes. Mobile payment expert Cherian Abraham stated it is not uncommon to see Apple Pay fraud rates as high as 6%, versus a roughly 0.1% fraud rate with plastic cards. Reference Link
March 3, 2015
16:23 EDTCOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as the major averages receded from record levels. The Dow and S&P 500 closed yesterday at all-time highs, though the market was unable to build upon those records. Auto sales for February included disappointments for several companies, but that was quickly blamed on the poor weather during the month. With the economic calendar light, investors began looking forward to end of the week, when the highly anticipated monthly nonfarm payrolls are released. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Automakers reported on their sales in the U.S. during February, with several falling short of expectations. Ford (F) reported sales fell about 2% last month compared to the prior year, and its stock fell 40c, or 2.41%, to $16.17 afterward. Shares of Fiat Chrysler (FCAU), which reported a 6% increase in U.S. sales last month, declined 52c, or 3.28%, to $15.31. General Motors (GM) reported its February U.S. sales rose a bit over 4%, but that was below the nearly 6% increase that had been forecast by analysts, and shares gained 19c, or 0.51%, to $37.80... Target (TGT) shares gained 32c, or 0.41%, to $78.00 as the company held its investor day meeting. During the meeting, the retailer guided for its fiscal 2015 EPS to be $4.45-$4.65, versus consensus $4.50, and projected that its sales will grow 2%-3% during the fiscal year. Target also said it is targeting $2B in share repurchases this year and said it expects 5%-10% annual dividend growth. MAJOR MOVERS: Among the notable gainers was Orexigen (OREX), which surged $1.85, or 31.95%, to $7.64 after the company disclosed that its weight loss drug, Contrave, demonstrated a statistically significant benefit over placebo for cardiovascular events when announcing a method of treatment patent was issued by the USPTO. Also higher was Springleaf Holdings (LEAF), which gained $12.19, or 32.05%, to $50.23 after agreeing to acquire OneMain Financial from Citigroup (C) for $4.25B. Among the noteworthy losers was Primoris Services (PRIM), which fell $3.87, or 18.35%, to $17.22 after reporting fourth quarter results that fell short of consensus expectations and were below last year’s fourth quarter. Also lower were shares of Micron (MU), which fell $1.58, or 5.06%, to $29.66 after Nomura downgraded the stock to Neutral from Buy. INDEXES: The Dow fell 85.26, or 0.47%, to 18,203.37, the Nasdaq lost 28.20, or 0.56%, to 4,979.90, and the S&P 500 declined 9.61, or 0.45%, to 2,107.78.
16:01 EDTC, AAPLOptions Update; March 3, 2015
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13:47 EDTGOOGTwitter CFO says Google integration underway
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11:55 EDTGOOG, AAPLUBS, BofA get more positive on Google outlook
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10:12 EDTCCitigroup volatility elevated into stress test results
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10:07 EDTGOOGGoogle CEO meets with EU anti-trust chief, WSJ says
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10:00 EDTCOn The Fly: Analyst Upgrade Summary
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09:35 EDTGOOG, AAPL, CActive equity options trading on open
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08:30 EDTGOOG, AAPLVisa should benefit from proliferation of token services, says Pacific Crest
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08:13 EDTAAPLApple price target raised to $155 from $115 at Oppenheimer
Oppenheimer increased its price target on Apple as the firm expects the company's Apple Watch to be superior to the competition in several ways, and believes that it is "an efficient extension of the smartphone" and "a facilitator of intimate personal communications." The firm predicts that the device will significantly boost Apple's revenue and margins. Oppenheimer keeps an Outperform rating on Apple.
07:50 EDTGOOGGoogle much better positioned than many believe, says UBS
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07:31 EDTCFortress Co-Chairman Wes Edens comments on Springleaf acquisition of OneMain
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07:21 EDTGOOGOculus hires away Google executive Mary Lou Jepsen, Re/code says
Facebook's (FB) Oculus has hired away Google (GOOG) executive Mary Lou Jepsen, reports Re/code, citing sources familiar with the move and a Facebook spokesperson. Jepsen was the head of Google X's display division. Reference Link
07:15 EDTCSpringleaf to host conference call
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06:44 EDTLVSMacau gambling revenue fell 49% in February, NY Times reports
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06:43 EDTLVSMacau reports February casino revenue down 48.6% to 19.54B patacas
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