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Stock Market & Financial Investment News

News For AAPL;INTC From The Last 14 Days
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June 26, 2015
16:32 EDTAAPLStocks end week lower with Greece still searching for deal
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16:16 EDTINTCOn The Fly: Top stock stories for Friday
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16:00 EDTAAPL, INTCOptions Update; June 26, 2015
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09:41 EDTINTCIntel falls after weak Micron results and outlook
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09:36 EDTAAPL, INTCActive equity options trading on open
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07:43 EDTAAPLApple Watch attracts few buyers at Zurich launch, Bloomberg reports
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07:14 EDTINTCIntel estimates lowered following Micon report at Jefferies
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05:51 EDTAAPLReport: Apple set to switch to OLED displays for iPhone, DigiTimes says
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05:51 EDTAAPLFoxconn expects to be largest handset, tablet ODM/OEM in 2015, DigiTimes says
Foxconn Chairman Terry Guo said the company is set to be the largest OEM/ODM for handsets, tablets and desktops in 2015, reports DigiTimes. Guo added that Foxconn will establish component supply chains to increase its advantage over competitors. Reference Link
June 25, 2015
17:56 EDTINTCMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
16:00 EDTAAPLOptions Update; June 25, 2015
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14:59 EDTAAPLFitbit tacks on gains after Leerink calls smartwatch competition overblown
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11:37 EDTAAPLTaylor Swift says to put '1989' on Apple Music
Recording artist Taylor Swift says in a tweet that "After the events of this week, I've decided to put 1989 on Apple Music...and happily so." Reference Link
09:34 EDTAAPL, INTCActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
06:31 EDTAAPLMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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06:20 EDTAAPLIndependent music labels say they now support Apple Music, AP reports
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05:53 EDTAAPLApple to increase flexible PCB orders, DigiTimes reports
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June 24, 2015
17:57 EDTINTCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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16:21 EDTAAPLOn The Fly: Top stock stories for Wednesday
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16:00 EDTAAPLActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
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