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News Breaks | | | | January 18, 2013 | | 16:27 EDT |  | MOV, GE, AAPL, COF, LIFE, FB, AMRN, MS, INTC | On The Fly: Closing Wrap
Stocks on Wall Street were mixed on the day, as earnings and economic data did little to spur the markets, which traded in a narrow range for much of the session. Apple (AAPL), Intel (INTC), which traded lower after its earnings report, and Facebook (FB) all lost ground on the day, weighing on the Nasdaq, while the S&P 500 and the Dow gained modestly, closing at five-year highs... ECONOMIC EVENTS: In the U.S., the preliminary University of Michigan Consumer Confidence reading dropped to 71.3, versus an expected first look reading of 75.0 for January. In Asia, China's GDP grew 7.9% in the final quarter of the year. The late-year rebound led the nation's full year GDP to grow 7.8%, beating analyst consensus of 7.7% and the government's 7.5% target. Also, Japan's stock market surged on increased expectations that the government will take even more aggressive easing steps... COMPANY NEWS: General Electric (GE) reported earnings that were just above Street estimates and a record equipment and services backlog of $210B to end the year, sending shares up 74c, or 3.47%, to $22.04 on the day... Morgan Stanley (MS) also reported earnings that beat consensus estimates, and the company said expenses could decline by about $1.6B through 2014. Shares of Morgan Stanley lead the financial sector on the day, gaining $1.63, or 7.86%, to $22.38... Intel lost $1.43, or 6.31%, to $21.25 after the company reported earnings last night that were generally in-line with Street estimates, though investor concerns over slowing sales and continued capital spending spurred a sell-off of shares... MAJOR MOVERS: Among the notable gainers was Life Technologies (LIFE), up $5.82, or 10.59%, to $60.79 as a number analysts said a takeover or leveraged buyout could be in the works for the company following a media report indicating talks are ongoing. Also higher was Movado (MOV), up $3.17, or 9.32%, to $37.17 after shares were upgraded to Buy from Neutral at Citigroup with price target of $40. Among noteworthy losers were shares of Capital One Financial (COF), down $4.60, or 7.47%, to $56.99 after Janney Capital downgraded shares to Neutral citing last night's disappointing Q4 results, and Amarin (AMRN), down 68c, or 7.42%, to $8.48 after an FDA Orange Book update did not indicate further exclusivity for its drug Vascepa... INDICES: The Dow was up 53.68, or 0.39%, to 13,649.70; the Nasdaq was down 1.29, or 0.04%, to 3,134.71; the S&P 500 5.04, or 0.34%, to 1,485.98. | |
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News For AAPL;INTC;FB;GE;MS;LIFE;MOV;AMRN;COF From The Last 14 Days Check below for free stories on AAPL;INTC;FB;GE;MS;LIFE;MOV;AMRN;COF the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | AAPL | Options Update; May 17, 2013
 Subscribe for More Information | | | 14:12 EDT |  | AMRN | Amarin shares slip after FDA updates Orange Book
Subscribe for More Information | | | 12:13 EDT |  | AAPL | Samsung says S4 sales to reach 10M next week, Korea Times says
Subscribe for More Information | | | 12:01 EDT | | AAPL | iPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says
AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link | | | 11:05 EDT | | AAPL | Apple devices approves for use on U.S. military networks, Bloomberg says
Subscribe for More Information | | | 09:57 EDT | | AAPL | Apple devices approved for use by Pentagon, Bloomberg reports
Subscribe for More Information | | | 09:37 EDT | | AAPL | Active equity option families trading on open
Subscribe for More Information | | | 07:11 EDT | | AAPL | Apple to suggest tax reform for offshore cash, Bloomberg reports
Subscribe for More Information | | | 06:51 EDT | | FB | Facebook volatility at low end of historic range
Subscribe for More Information | | | 06:43 EDT | | AAPL | Apple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link | | | | 06:36 EDT | | FB | Google to add new apps to Google Glass, NY Times says
Subscribe for More Information | | | 06:12 EDT | | AAPL | Apple losing its edge as innovator, poll shows, Bloomberg reports
Subscribe for More Information | | | 06:06 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | May 16, 2013 | | 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
Subscribe for More Information | | | 14:01 EDT | | AAPL | Options Update; May 16, 2013
Subscribe for More Information | | | 13:40 EDT | | INTC | Intel CFO Smith says staying with the company, CNBC reports
Subscribe for More Information | | | 13:05 EDT | | AAPL | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | 10:20 EDT |  | AAPL | Apple reverses sharply higher after breaking below $420
Subscribe for More Information | | | 10:03 EDT |  | AAPL | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen. | | | 09:44 EDT | | AAPL | Apple falls in early trading, levels to watch
The shares are down over 1.6% to $420.77. At that price, next support is at $419.85. Resistance is at $424.85. Among issues that could be contributing to the price decline are continued cutting of postions by hedge funds long the stock, a news item that Apple and its supplier Foxconn are violating work-hour laws in China, and a U.S. Senate inquiry into its treatment of taxes and non-patriated foreign profits. | | |
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