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Stock Market & Financial Investment News

News For AAPL;JPM;RDSA;NVS;BKS;WDC;GD;VIA;VIAB;BLK;MPC From The Last 14 Days
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October 24, 2014
06:19 EDTAAPLFoxconn could build new display plant in China, WSJ reports
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06:16 EDTAAPLApple implied volatility of 20 at lower end of index mean range
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06:07 EDTAAPLApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
16:00 EDTAAPLOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
11:57 EDTNVSNovartis management to meet with Jefferies
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11:11 EDTGDGeneral Dynamics unit receives $18.9M contract from U.S. Navy
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10:01 EDTGDGeneral Dynamics receives DMCC contract from NSA
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10:01 EDTBLKCapital Link to hold a forum
Capital Link Dissect ETFs Forum is being held in New York on October 23.
09:39 EDTAAPLActive equity options trading on open
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09:22 EDTAAPLNike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
09:19 EDTAAPLGT Advanced to wind down operations at Mesa facility
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07:53 EDTVIAB, VIAAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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06:56 EDTAAPLSupply chain set to deliver 50M units of iPhone 6 in 2014, Digitimes says
Due to strong demand for Apple's iPhone 6, Pegatron and Foxconn will likely deliver close to 25M units each before the end of 2014, reports DigiTimes. The estimates do not includ eshipments of the iPhone 6 Plus. According to sources from the upstream supply chain, the supply ratio of the iPhone 6 and the iPhone 6 Plus in Asia Pacific countries is about 55:45 currently. Reference Link
06:49 EDTAAPLApple may raise payments to accelerate iPhone 6 Plus production, DigiTimes says
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06:32 EDTJPMGovernment relaxing mortgage regulations, NY Times says
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06:30 EDTAAPLApple to increase Apple-brand retail stores in China to 40, WSJ reports
Apple CEO Tim Cook told Sina.com that the company plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, the Wall Street Journal reports. Cook also says Apple will increase investment in the country by an unspecified amount. Reference Link
06:05 EDTAAPLApple defeats GPNE civil patent suit, Re/code reports
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05:21 EDTNVSNovartis AIN457 meets primary endpoint in two Phase III studies in AS
Novartis announced that AIN457 met primary and key secondary endpoints in two pivotal Phase III studies, MEASURE 1 and MEASURE 2, in patients with ankylosing spondylitis, or AS. Key endpoints included improvements in signs and symptoms of the disease versus placebo and associated improvements in physical function and quality of life. Secukinumab is an investigational medicine that works by stopping the action of interleukin- 17A, a protein that is central to the development of inflammatory diseases, including AS. MEASURE 1 and MEASURE 2 enrolled a combined total of approximately 600 patients. Detailed results of the studies will be presented at an upcoming medical congress. Joint regulatory applications for secukinumab in AS and PsA are planned for 2015. This follows the secukinumab global regulatory applications for moderate- to-severe plaque psoriasis which were filed in October 2013 with regulatory decisions anticipated in late 2014 or early 2015.
October 22, 2014
16:00 EDTAAPLOptions Update; October 23, 2014
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15:19 EDTAAPLBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
13:50 EDTJPMJPMorgan executives aware of overseas hiring conerns, WSJ reports
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13:28 EDTAAPLApple to bring Apple Pay to iAd, DigiDay reports
Apple plans to bring Apple Pay ti iAd, its mobile ad network, reports DigiDay. According to those familiar with the developments, a new feature would integrate Apple Pay and iAd mobile ad network in the form of a tap-to-buy button embedded in mobile ads. Reference Link
13:19 EDTAAPLApple CEO, China discuss protection of users' information, Xinhua says
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13:14 EDTAAPLMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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12:53 EDTAAPLSome BofA customers charged twice by Apple Pay, CNN Money reports
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12:42 EDTJPMJPMorgan management to meet with MKM Partners
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:14 EDTGDGeneral Dynamics: Aerospace to enjoystrong order intake in Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to 7.60-$7.70 from $7.40-$7.45
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08:32 EDTBKSSamsung, Barnes & Noble introduce new large screen Galaxy Tab 4 NOOK
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07:44 EDTNVSGlaxoSmithKline backs FY14 view for core EPS 'broadly similar' to FY13
GlaxoSmithKline (GSK) continues to expect full year 2014 core EPS to be broadly similar to 2013 at CER and on ex-divestment basis. Glaxo says its proposed 3-part transaction with Novartis (NVS) is on track for completion in 1H15.
07:07 EDTGDGeneral Dynamics reports end Q3 backlog $74.4B
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07:06 EDTGDGeneral Dynamics reports Q3 EPS $2.06, consensus $1.91
Reports Q3 revenue $7.75B, consensus $7.58B. Company-wide operating margins for Q3 were 12.9%, 50 basis points higher than third-quarter 2013 margins.
06:46 EDTJPMJPMorgan head says illness has not changed his goals, Bloomberg says
JPMorgan CEO Jamie Dimon said that his throat cancer has not changed his goals to still work, even as he aims for retirement ambitions filled with teaching and humanitarianism, according to Bloomberg, citing comments from Dimon. Reference Link
06:41 EDTAAPLReport says Apple head, Chinese official discussed data security, Reuters says
A report from Chinese news agency Xinhua explained that Apple CEO Tim Cook met with a top government official in the country to talk about user data security, according to Reuters, citing the report. The meeting occurred right after a Chinese web monitoring agency published a report which claimed that Apple clients in the country have been the target of a cyber attack from hackers. Reference Link
06:16 EDTJPMBNY Mellon's Hong Kong unit to launch wealth management strategy, FT says
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06:16 EDTAAPLApple implied volatility of 21 at lower end of index mean range
October 21, 2014
19:34 EDTAAPLGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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18:33 EDTAAPLIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:23 EDTAAPLCarl Icahn says investment in Apple 'no brainer'
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16:36 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:00 EDTAAPLOptions Update; October 21, 2014
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15:35 EDTGDNotable companies reporting before tomorrow's open
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14:04 EDTAAPLEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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13:43 EDTAAPLApple says iCloud attack involves website, servers not comprised
Apple told CNBC that its aware of network attacks on iCloud users and that its servers were not compromised. The attacks involved the iCloud.com website.
13:09 EDTAAPLEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
12:57 EDTAAPLOn The Fly: Midday Wrap
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12:36 EDTAAPLNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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12:09 EDTAAPLEinhorn says Apple 'pretty much working on all cyliinders'
David Einhorn of Greenlight Capital is speaking on CNBC.
11:26 EDTAAPLMcDonald's sees U.S. dollar hurting Q4 EPS by 5c-6c, FY14 EPS by 9c-10c
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10:29 EDTAAPLGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:31 EDTBKSEagle Materials, GenCorp mentioned positively by Lerner, Bloomberg reports
Chesapeake Partners' Traci Lerner is said to have mentioned Eagle Materials (EXP), GenCorp (GY), Barnes & Noble (BKS) and American Airlines (AAL) as stocks she likes, according to Bloomberg, citing comments made by Lerner at the Robin Hood Conference.
09:15 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
08:35 EDTAAPLOn Track Innovations, USA Technologies ready for Apple Pay
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08:31 EDTJPMEU fines JPMorgan, UBS, Credit Suisse for cartel on derivatives
The European Commission has found that four international banks, RBS (RBS), UBS (UBS), JP Morgan (JPM) and Credit Suisse (CS), operated a cartel on bid-ask spreads of Swiss franc interest rate derivatives in the European Economic Area. The Commission imposed fines worth a total of EUR 32.36M. RBS received immunity from fines for revealing the existence of the cartel to the Commission. UBS and JPMorgan received reductions of their respective fines for cooperating with the investigation under the Commission's 2006 Leniency Notice. UBS was fined EUR 12.65M, JP Morgan fined EUR 10.53M and Credit Suisse was fined EUR 9.17M.
08:28 EDTJPMEuropean Commission fines JMorgan EUR 61.68M over Libor influencing
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08:18 EDTJPMBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTJPMJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
08:09 EDTAAPLEnvivio puts Halo over full Apple product line
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07:59 EDTAAPLApple price target raised to $120 form $115 at Canaccord
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07:45 EDTAAPLApple price target raised to $128 from $112 at BTIG
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07:17 EDTAAPLApple price target raised $120, iPhone 6 cycle to continue, say Barclays
Barclays raised Apple's price target to $120 from $116 and raised estimates following the Q4 beat. The firm expects the iPhone 6 cycle to drive earnings acceleration over the next several quarters before new products become growth drivers. The firm sees margin upside given mix shift towards the iPhone 6 and expects new services to be a meaningful contributor in 2015. Shares are Overweight rated.
07:15 EDTNVSFDA to hold workshop on breast cancer drug development
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06:49 EDTAAPLApple price target raised to $143 from $123 at Cantor
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06:21 EDTAAPLApple shares expected to be range bound at Deutsche Bank
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06:16 EDTAAPLApple not planning to report sales of smartwatch, WSJ reports
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06:12 EDTAAPLApple to supply more iPhone 6 Plus to satisfy China demand, DigiTimes reports
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06:05 EDTAAPLApple guidance shows product theme intact, says Piper Jaffray
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October 20, 2014
19:59 EDTAAPLApple iCloud may have been attacked by Chinese hackers, Reuters reports
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18:51 EDTAAPLOn The Fly: After Hours Movers
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18:36 EDTAAPLChipotle considering Apple Pay support in 2015
Comment was made in Q3 earnings call.
18:22 EDTAAPLSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
18:07 EDTAAPLApple CEO says only 20% of its phones sold in China are with subsidy
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17:39 EDTAAPLApple CEO says 'We’re selling everything we make'
17:31 EDTAAPLApple CFO says strengthening U.S. dollar becoming 'significant' headwind
17:27 EDTAAPLApple CEO says Apple Pay will help company sell more devices
17:17 EDTAAPLApple spent $17B in Q4 on returning money to shareholders
The company spent $45B in the last year on returning money to shareholders.
17:14 EDTAAPLApple CFO says iPhone sales grew in emerging markets
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17:06 EDTAAPLApple says Q4 revenue growth rate strongest in seven quarters
17:04 EDTAAPLApple CEO says demand for new iPhone 'staggering'
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16:36 EDTAAPLApple CEO says product lineup 'strongest' ever into holiday
Apple CEO Tim Cook said in today's earnings release, "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
16:34 EDTAAPLApple shares up 1% to $101 following Q4 results
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16:34 EDTAAPLApple declares Q4 dividend of 47c
Apple’s board has declared a cash dividend of 47c per share of the company’s common stock. The dividend is payable on November 13, to shareholders of record as of the close of business on November 10.
16:33 EDTAAPLApple reports Q4 gross margin 38% vs. 37% last year
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16:33 EDTAAPLApple reports Q4 iPhone units 39.27M vs. 35.2M last quarter
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16:31 EDTAAPLApple sees Q1 revenue $63.5B-$66.5B, consensus $63.52B
Sees Q1 gross margin 37.5%-38.5%, operating expenses between $5.4B-$5.5B and tax rate of 26.5%.
16:30 EDTAAPLApple reports Q4 EPS $1.42, consensus $1.31
Reports Q4 revenue $42.1B, consensus $39.85B.
16:14 EDTAAPLGroupon updates IPhone app to include Apple Pay
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16:00 EDTAAPLOptions Update; October 20, 2014
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15:30 EDTAAPLNotable companies reporting after market close
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15:09 EDTNVSNovartis reports FDA advisory committee recommends approval of secukinumab
Novartis announced the Dermatologic and Ophthalmic Drugs Advisory Committee to the FDA voted unanimously to support the approval of AIN457, or secukinumab, a selective interleukin-17A inhibitor, for the treatment of moderate-to-severe plaque psoriasis in adult patients who are candidates for systemic therapy or phototherapy. A Biologics License Application for secukinumab is currently under FDA review with an anticipated action date in early 2015.
14:53 EDTAAPLAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
14:50 EDTAAPLApple October weekly 99 straddle priced for 4.3% move into Q4
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14:00 EDTAAPLEarnings Preview: Apple to report after iPhone 6, iPad Air 2 announcements
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13:37 EDTAAPLApple may look to cut prices for Beats Music service by half, Re/code reports
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12:32 EDTAAPLCooperman says still owns Apple, analyst says buy more
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11:49 EDTAAPLSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprint’s 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
11:08 EDTAAPLApple October weekly volatility elevated into Q4
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11:06 EDTAAPLWalgreen begins accepting Apple Pay in stores
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10:55 EDTAAPLApple technical comments ahead of earnings
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09:36 EDTAAPLActive equity options trading on open
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09:31 EDTBLK, JPMRobinhood.org to hold conference
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09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:01 EDTAAPLOffice Depot stores now accept Apple Pay
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08:44 EDTAAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:32 EDTAAPLFirst Tennessee to offer Apple Pay
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08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
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07:26 EDTNVSFDA Dermatologic & Ophthalmic Drugs Advisory Committee to hold a meeting
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07:21 EDTJPMFederal Reserve Bank of New York and Boston to hold a workshop
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06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
12:14 EDTWDCWestern Digital looks like inexpensive big data play, Barron's says
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
16:55 EDTJPM, AAPLStocks end volatile week lower amid oil price plunge
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16:01 EDTAAPLOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:46 EDTAAPLApple October weekly volatility elevated into Q4
Apple October weekly call option implied volatility is at 41, November is at 28, December is at 26, January is at 25 compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 on October 20.
14:50 EDTNVSBARDA asks labs to ramp up Zmapp production, Reuters says
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09:38 EDTAAPLActive equity options trading on
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09:32 EDTAAPLVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
09:06 EDTJPMJPMorgan and PNC Financial weakness a buying opportunity, say Morgan Stanley
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07:53 EDTAAPLFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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07:00 EDTJPMJPMorgan in talks to build corporate campus in Manhattan, NY Times reports
JPMorgan Chase (JPM) is in negotiations with New York state and city officials over a potential $6.5B deal that would result in the construction of a corporate campus with two high rises on the West Side of Manhattan, the Wall Street Journal reports. Reference Link
06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPLLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
October 16, 2014
16:30 EDTAAPLOn The Fly: Closing Wrap
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16:23 EDTJPM, AAPLJPMorgan announces Apple Pay to be available to Chase customers, merchants
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16:01 EDTAAPLOptions Update; October 16, 2014
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15:26 EDTAAPLApple Pay available to millions of Visa cardholders
Visa (V) announced that starting October 20 eligible Visa cardholders in the U.S. will be able to use Apple (AAPL) Pay, Apple’s new payment service, to begin to make purchases at select U.S. merchants with their new iPhone. Visa is actively working with its client base of thousands of U.S. financial institutions to enable them to offer the new Apple Pay service to their account holders.
15:26 EDTAAPLStubHub announces integration with Apple Pay
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15:25 EDTAAPLRadioShack launches Apple Pay in stores next week
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15:03 EDTAAPLApple iPad, Mac updates not as exciting as iPhone but needed, says Piper Jaffray
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14:58 EDTGDArmy poised to order more Stryker vehicles, Defense News says
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14:55 EDTGDTeledyne awarded major marine defense electronics contract from General Dynamics
Teledyne Technologies (TDY) announced that its Teledyne Oil & Gas group has been awarded a contract by General Dynamics Electric Boat of Groton, (GD) for materials and engineering support covering electrical and fiber optic interconnect assembly hardware primarily from Teledyne’s DGO business unit based in Portsmouth, New Hampshire. This contract represents the largest single award in the fifty-plus-year history of Teledyne DGO and directly supports the U.S. Navy’s Virginia-class submarine program. The contract is a multi-year award, covering a total of ten ship-sets, with manufacturing to commence in 2015.
14:21 EDTAAPLApple trading down 1% after end of iPad event
14:20 EDTAAPLApple announces updated Mac mini, starting at $499
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14:20 EDTAAPLApple introduces 27-inch iMac with Retina 5K display
Apple (AAPL) unveiled the 27-inch iMac with Retina 5K display, with 14.7M pixels. iMac with Retina 5K display has four times more pixels than the standard 27-inch iMac and 67% more pixels than a 4K display. iMac with Retina 5K comes with a 3.5 GHz quad-core Intel (INTC) Core i5 processor with Turbo Boost speeds up to 3.9 GHz. iMac with Retina 5K display begins shipping today with a 3.5 GHz quad-core Intel Core i5 with Turbo Boost speeds up to 3.9 GHz, AMD (AMD) Radeon R9 M290X graphics and a 1TB Fusion Drive for a suggested retail price of $2,499.
14:16 EDTAAPLApple says updated Mac Mini starts at $499
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14:15 EDTAAPLApple says new iMac with Retina 5K to cost $2,499
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14:14 EDTAAPLApple says new iMac uses AMD Radeon R9 295 graphics processor
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14:14 EDTAAPLApple says new iMac uses Intel 3.5GHz quadcore i5 processor
14:12 EDTAAPLApple Introduces iPad Air 2, iPad mini 3
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14:09 EDTAAPL, JPMApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
14:07 EDTAAPLApple announces iMac with Retina 5K display
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14:03 EDTAAPLApple says iPad Mini 3 is $399 for 16GB, $499 for 64GB, $599 for 128GB
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14:02 EDTAAPLApple announces iPad Mini 3
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14:02 EDTAAPLApple says iPad Air 2 is $499 for 16GB, $599 for 64GB, $829 for 128GB
This comment was taken from the Apple Event.
13:53 EDTAAPLApple says new iPad Air 2 has TouchID
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13:42 EDTAAPLApple announces iPad Air 2
13:40 EDTAAPLApple reports OS X Yosemite available today as free upgrade
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13:39 EDTAAPLApple says over 225M iPads sold
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13:36 EDTAAPLApple says iOS 8.1 available for download Monday
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13:36 EDTAAPLApple says Yosemite OS X available today for free
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13:15 EDTAAPLApple says Apple Watch to ship early next year
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13:10 EDTAAPLApple says 500 new banks adding support for Apple Pay
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13:09 EDTAAPLApple says iPhone preorders in China have set a new record
13:09 EDTAAPLApple says iPhone 6/6 Plus launch was biggest ever
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10:01 EDTVIABOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:46 EDTAAPLApple October weekly volatility elevated into iPad event and Q4
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09:39 EDTAAPLActive equity options trading on open
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08:42 EDTJPMUBS, DOJ in talks for forex rigging settlement, FT reports
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08:21 EDTVIABViacom oversold on affiliate fee and ad fears, says Goldman
Goldman lowered Viacom estimates on a lower ad outlook but believes shares are oversold on affiliate fee and advertising fears. The firm views valuation as compelling against all metrics and expects comps to moderate in Q4 and ratings declines to moderate with new original programing and the current TV season. Shares are Buy rated with a $82 price target. Note BofA/Merrill and Guggenheim downgraded Viacom this morning.
08:06 EDTAAPLAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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07:56 EDTVIABViacom downgraded at BofA/Merrill
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07:48 EDTAAPLSony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
07:45 EDTVIABViacom downgraded at Guggenheim
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07:23 EDTJPMIBF Conferences to hold a summit
Ophthalmology Innovation Summit is being held in Chicago on October 16.
07:17 EDTVIABViacom downgraded to Neutral from Buy at Guggenheim
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06:32 EDTVIABViacom downgraded to Underperform from Neutral at BofA/Merrill
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October 15, 2014
17:03 EDTNVSNovartis announces CTL019 data demonstrating efficacy in certain ALL patients
Novartis and the University of Pennsylvania's Perelman School of Medicine announced preliminary results from two pilot clinical trials published in The New England Journal of Medicine, or NEJM, evaluating the efficacy and safety of CTL019 in patients with relapsed/refractory acute lymphoblastic leukemia, or r/r ALL. The studies, conducted by Penn, demonstrated that 27 of 30 pediatric and adult patients, or 90%, experienced complete remissions with the investigational chimeric antigen receptor, or CAR, therapy CTL019. Largest published cohort to date for CTL019, which served as the basis for recent Breakthrough Therapy designation from the FDA. Sustained remissions of up to two years in r/r ALL patients with six-month event-free survival of 67% and overall survival of 78%.
16:00 EDTAAPLOptions Update; October 15, 2014
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13:43 EDTAAPLFirm says more apps downloaded from Google than Apple, 9to5Google says
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13:23 EDTAAPLScreenshots confirm Apple iPad Air 2, iPad mini 3, 9to5Mac reports
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13:09 EDTAAPLEarnings Preview: eBay to report Q3 earnings after PayPal spin-off announcement
eBay (EBAY) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 67c on revenue of $4.37B. The consensus range is 65c-72c for EPS, and $4.33B-$4.43B for revenue, according to First Call. LAST QUARTER: eBay reported second quarter EPS of 69c against estimates of 68c on revenue of $4.37B against estimates of $4.38B. The company gave Q3 EPS guidance of 65c-67c and Q3 revenue guidance of $4.3B-$4.4B as well as FY14 EPS guidance of $2.95-$3.00. It narrowed FY14 revenue guidance to $18B-$18.3B from $18B-$18.5B. eBay said Google search algorithm change slowed traffic in June. The company confirmed the Q3 guidance during a conference call in September. NEWS AND STREET RESEARCH: eBay announced in late September that it will separate eBay and PayPal into two independent publicly traded companies, set to be completed in the second half of 2015. eBay Marketplaces President Devin Wenig will be the CEO of the new eBay company and Dan Schulman will become CEO of the new PayPal company. The cost of the transaction has yet to be determined, and the split is not designed to position either business for sale. During its conference call to discuss the split, the company said PayPal is on track to process 1B mobile payments this year and added that Apple (AAPL) could help speed NFC adoption and would be good for PayPal. eBay adds that it has "never been more bullish" on PayPal's prospects. Following the announcement, there were rumors that Google (GOOG) was looking to acquire eBay. Piper Jaffray said the press reports of the talks between the two companies are "largely unsubstantiated." The company was downgraded at JPMorgan, JMP Securities, Jeffries, and Wedbush after the announcement of a split due to increased uncertainty. Investors say the benefit of the spin-off plans are not as clear, unsure if a standalone PayPal is in a better position to compete in the quickly changing digital payments space. Wedbush analysts say a spin-off will not boost the payment processor's business and may have negative consequences for both companies. Investors were also split on how Apple's mobile payments platform will affect eBay and PayPal. RW Baird said Apple iWallet will pose a threat to PayPal, particularly to its opportunities at point-of-sale and Piper Jaffray said the new payments system will further weigh on eBay's multiple over the next six months. JPMorgan, however, said iWallet will be a net positive for payment networks and Citigroup believes the risks from Apple are likely overstated. PRICE ACTION: eBay shares have dropped more 2.21% since the first day of trading following the company's Q2 report. In Wednesday midday trading ahead of its earnings report, eBay shares are trading down 2%.
12:30 EDTAAPLApple to stop selling Fitbit devices in stores, Re/code reports
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10:45 EDTAAPLApple to host event to introduce new iPads
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10:02 EDTJPMOn The Fly: Analyst Upgrade Summary
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09:38 EDTAAPLActive equity options trading on open
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09:35 EDTBLKBlackRock CEO says 'worried' about liquidity in bond market
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09:14 EDTJPMDeutsche Asset & Wealth Management hires Dessy Arteaga from JPMorgan
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09:04 EDTJPMJPMorgan reports September net credit losses 2.24% vs. 2.50% last month
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09:04 EDTBLKBlackRock CEO expects market volatility to continue
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08:31 EDTAAPLApple added to Best Ideas List at Morgan Stanley
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07:32 EDTJPMJPMorgan upgraded to Buy from Hold at Argus
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07:27 EDTJPMJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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06:37 EDTAAPLGT Advanced executive sold shares before bankruptcy, WSJ says
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06:34 EDTAAPLIHS: Apple, Samsung set to drive fingerprint sensor market, DigiTimes says
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06:32 EDTAAPLTablet supply chains expect lagging orders in Q4, DigiTimes reports
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06:28 EDTAAPLTSMC lands CPU orders for Apple's next-generation iPad, DigiTimes reports
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06:18 EDTBLKBlackRock reports Q3 AUM growth of 10%
Reports Q3 long-term net informs of $28.7B. Reports Q3 operating margin of 40.6%.
06:17 EDTBLKBlackRock reports Q3 adjusted EPS $5.21, consensus $4.66
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06:16 EDTAAPLApple asks permission to lodge objections to GT bankrupcy in secret, Re/code says
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October 14, 2014
17:29 EDTGDU.S. Army may revive Ground Combat Vehicle program, WSJ says
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17:25 EDTJPMJPMorgan looks like a buy, Barron's says
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16:22 EDTAAPL, JPMOn The Fly: Closing Wrap
The Wall Street averages were mixed after three of the U.S.'s largest banks reported on their quarterly results and Germany slashed its economic forecasts for this year and next. Following the mostly solid earnings reports from the banks and Dow member Johnson & Johnson (JNJ) investors appeared to breathe a sigh of relief and sent the averages higher in early trading. With oil prices falling almost 5% and settling at a recent low, the averages pared their gains and struggled in positive ground. Another late day slide ended with the averages mixed, as the Nasdaq led and the Dow lagged. ECONOMIC EVENTS: In the U.S., the International Energy Agency said in its monthly oil market report that world oil demand growth would be weaker than previously expected. Afterward, WTI crude oil futures fell 4.6% at $81.84, marking their biggest percentage drop since late 2012 and the lowest settlement for the benchmark in over two years. The National Federation of Independent Business' small business optimism index came in at 95.3, versus the consensus expectation for a 95.8 reading. In Europe, Germany's government cut its forecasts for gross domestic product growth to 1.2% in 2014 and 1.3% next year from its prior view of 1.8% growth this year and 2% in 2015. COMPANY NEWS: The first of America's big banks issued their quarterly reports, with JPMorgan's (JPM) headline earnings per share coming in below analysts’ consensus estimate, Wells Fargo (WFC) reporting in-line earnings and improved credit quality and Citigroup (C) posting better than expected adjusted third quarter profit. Citi, which also announced plans to pull back from retail banking in eleven countries and said it will disband a legacy Banamex unit after an investigation uncovered illegal conduct, saw its stock fare the best among the three, rising $1.57, or 3.15%, to $51.47... Another Dow member, Johnson & Johnson, reported better than expected profits and revenues and raised its FY14 EPS outlook, but its stock slid $2.11, or 2.13%, to $97.01. MAJOR MOVERS: Among the notable gainers was Domino's Pizza (DPZ), which rose $8.58, or 11.33%, to $84.30 after the pizza chain owner and franchisor reported better than expected third quarter earnings per share and revenue. Also higher was Skyworks (SWKS), which advanced $3.59, or 7.92%, to $48.91 after the supplier of chips to Apple (AAPL) raised its fourth quarter earnings per share outlook and revenue guidance. Among the noteworthy losers was Exactech (EXAC), which dropped $4.09, or 16.63%, to $20.50 after the company warned its Q3 income and revenue will likely miss its prior guidance. Also lower were shares of Gilead (GILD), which fell $4.26, or 4.2%, to $97.18 amid a number of developments. Competitor Johnson & Johnson said it would seek to make its own hepatitis C treatment accessible and "competitive," which some may have read as an indication of a potential price cut, and Ireland said it plans to close its "Irish Double" tax loophole, which currently benefits Gilead. INDEXES: The Dow slipped 5.88, or 0.04%, to 16,315.19, the Nasdaq rose 13.52, or 0.32%, to 4,227.17, and the S&P 500 added 2.96, or 0.16%, to 1,877.70.
16:00 EDTAAPLOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
15:29 EDTBLKNotable companies reporting before tomorrow's open
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14:02 EDTAAPLApple moves back to lows of the day, levels to watch
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13:18 EDTAAPLSkyworks guidance should be well above consensus, says Craig-Hallum
After Skyworks pre-announced September quarter upside, Craig-Hallum says it expects the company's revenue outlook for the December quarter to be well above consensus. The firm believes Skyworks is benefiting from record Apple (AAPL) iPhone sales. It estimates Skyworks has around $5.50 worth of content in the iPhone 6/6+, up from $4.80 in the iPhone 5S/5C. Craig-Hallum reiterates a Buy rating on the stock with a $62 price target.
12:20 EDTJPMOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after three of the nation's largest banks reported on their results in the most recent quarter of the year. The market began the session in positive territory but the move seemed tenuous and the averages were almost back in negative ground within a half hour of the opening bell. As the morning progressed and the bears were unable to gain control, the buyers emerged and pushed the Dow to a triple digit gain and the Nasdaq to an increase of nearly 1.5%. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' small business optimism index came in at 95.3, versus the consensus expectation for a 95.8 reading. COMPANY NEWS: JPMorgan (JPM) swung to a third quarter profit, but its headline earnings per share fell below analysts’ consensus estimate. Of note, the company's press release on its results came out earlier than planned on Nasdaq's (NDAQ) Shareholder.com website, which the exchange operator attributed to an internal "human error." Wells Fargo (WFC) reported in-line earnings and stronger credit quality, but its stock slid 1.4% following the report. Citigroup (C) generated the most headlines, however, as it reported better than expected adjusted third quarter profit, announced plans to pull back from retail banking in eleven countries and said it will disband a legacy Banamex unit that provided personal security services after an investigation uncovered illegal conduct. Shares of Citi bucked the trend set by its two peers, rising 3% near noon... In addition to JPMorgan, Dow member Johnson & Johnson (JNJ) reported on its third quarter earnings. The drug and medical device giant reported better than expected profits and revenues and raised its FY14 EPS outlook, but the stock was fractionally lower near midday. MAJOR MOVERS: Among the notable gainers was Energy Transfer Equity (ETE), which gained 8.5% after the stock was among the energy industry names upgraded this morning at RW Baird. Also higher was Skyworks (SWKS), which rose 11% after the company preannounced stronger than expected results that its CEO attributed to the "broad-based strength" of its business. Among the noteworthy losers was EnerNOC (ENOC), which dropped 11% after JPMorgan downgraded the stock to Neutral citing risk to the company's Demand Response revenue at PJM given the challenge to FERC Rule 745. Also lower was Tyco (TYC), which fell nearly 4% after Barclays downgraded the stock citing valuation and coupled the ratings change with an upgrade of Eaton (ETN). INDEXES: Near midday, the Dow was up 133.38, or 0.82%, to 16,454.45, the Nasdaq was up 60.63, or 1.44%, to 4,274.29, and the S&P 500 was up 21.51, or 1.15%, to 1,896.25.
11:50 EDTJPMNasdaq calls JPMorgan earnings release 'human error,' CNBC reports
Nasdaq (NDAQ) said the early release today of JPMorgan's (JPM) earnings on its Shareholder.com website was an internal "human error," CNBC reports, citing a statement from the exchange. Reference Link
11:23 EDTNVSBIND Therapeutics and The Conference Forum hold a conference
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10:49 EDTAAPLWells Fargo says spending more on compliance, risk management
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10:43 EDTAAPLSkyworks benefiting from gains at Apple, China 4G/LTE ramp, says Oppenheimer
Oppenheimer raised its estimates on Skyworks (SWKS) after the company pre-announced better than expected Q4 results. The firm expects sustained tailwinds into and beyond next quarter for Skyworks based on continued shares gains at Apple (AAPL) and from rising 4G/LTE phone sales in China. Oppenheimer maintains its Outperform rating and $65 price target on Skyworks and says the stock remains one of its top picks.
09:37 EDTAAPLActive equity options trading on open
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09:37 EDTAAPLDomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.
09:25 EDTJPMJPMorgan CFO says in dialog with regulators on CCAR submission
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09:13 EDTJPMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Johnson & Johnson (JNJ), up 1%... Dominos Pizza (DPZ), up 2.7%. ALSO HIGHER: Citigroup (C), up 2.5% following earnings report, announcement of plans to exit consumer businesses in 11 markets... MagneGas (MNGA), up 14% after signing Letter of Intent with Pioneer Recycling... Skyworks (SWKS), up 6% after raising its outlook for Q4. Shares of peers Avago (AVGO), NXP Semiconductors (NXPI) and RF Micro Devices (RFMD) are also moving higher in pre-market trading after Skyworks pointed to "broad-based strength" of its business in raising its outlook... Halcon Resources (HK), up 6% after upgraded at KLR Group... Quantum (QTM), up 8.8% after issuing Q2 earnings guidance. LOWER: Wells Fargo (WFC), down 1.4% after reporting in-line Q3 earnings... JPMorgan (JPM), down 1.8% after Q3 headline earnings miss... Las Vegas Sands (LVS), down 1% following downgrade at BofA Merrill Lynch.
09:07 EDTJPMJPMorgan CFO says legal costs reflect forex probe 'in large part'
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08:55 EDTJPMJPMorgan reports Q3 core NIM 2.59%, down 5 bps sequentially
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08:52 EDTJPMJPMorgan sees commodoties exit contributing 8% revenue decline in Q4
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08:48 EDTJPMJPMorgan CFO says on track to exceed headcount reduction targets in CCB
JPMorgan says its total Consumer & Community Banking headcount is down about 10,000 year to date and about 27,000 since the end of 2012. JPMorgan says it is on track to exceed its prior 2014 headcount reduction guidance in CCB by about 3,000.
08:42 EDTJPMJPMorgan sees Q4 Commercial Banking revenue down from prior year
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08:40 EDTJPMJPMorgan CFO says has not seen elevated fraud levels to date related to breach
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08:38 EDTJPMJPMorgan now sees FY14 net charge-offs to be less than $5B
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07:24 EDTAAPLApple price target raised to $110 from $96 at Credit Suisse
Credit Suisse raised Apple's price target to $110 and materially raised estimates to reflect new iPhone forecasts. The firm maintains its Neutral rating based on limited upside.
06:47 EDTJPMJPMorgan: While challenges remain in recovery, US economy is exception
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06:46 EDTJPMJPMorgan reports Q3 Consumer & Business banking deposits up 9%
Reports Q3 credit card sales volume up 12%; Reports Q3 client investment assets up 16%. Reports Q3 Business Banking loan origination up 27%.
06:37 EDTAAPLUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
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06:36 EDTAAPL'Double Irish' tax arrangement poised to halt, itnews says
Ireland is positioned to enact legal revisions soon that will slowly cease its "Double Irish" tax agreement, which has allowed companies like Google (GOOG) and Apple (AAPL) to not spend billions of dollars worth of taxes, according to itnews, citing, two sources familiar with the situation. Reference Link
06:30 EDTAAPLApple expected to show new iPads at Thursday's event, Re/code says
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06:30 EDTAAPLSolvay, Apple allegedly enter supply agreement, Bloomberg says
Solvay (SVYZY) and Apple (AAPL) have supposedly entered a supply agreement in which the Belgium chemical company will supply a type of high-performance plastic for iPhone 6 devices, according to Bloomberg, citing two people with knowledge of the situation. Reference Link
06:06 EDTJPMUKAR sells GBP 2.7B mortgage portfolio to JPMorgan consortium
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05:33 EDTJPMJPMorgan reports Q3 headcount 138,686 vs. 156,064 last year
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05:31 EDTJPMJPMorgan reports Q3 results included $2.96B in other expenses
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05:24 EDTJPMJPMorgan reports Q3 EPS 1.36, consensus $1.38
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October 13, 2014
16:02 EDTAAPLOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
15:24 EDTJPMNotable companies reporting before tomorrow's open
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14:42 EDTJPMJPMorgan technical notes ahead of results
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12:42 EDTJPMJPMorgan Chase volatility increases into Q3 and guidance
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12:30 EDTJPMEarnings Preview: JPMorgan to report after disclosing massive security breach
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10:08 EDTMPCOn The Fly: Analyst Initiation Summary
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10:08 EDTGDOn The Fly: Analyst Upgrade Summary
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09:39 EDTAAPLActive equity options trading on open
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08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
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07:42 EDTGDGeneral Dynamics upgraded to Buy from Neutral at Buckingham
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07:39 EDTJPMPharmaceutical Care Management Association to hold annual meeting
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07:19 EDTJPMAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
06:44 EDTJPMRegulators seeking banks' auto loan data, Reuters reports
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06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:37 EDTBLKBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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05:57 EDTMPCMarathon Petroleum reinstated with an Overweight at Barclays
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00:04 EDTJPMBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 12, 2014
17:34 EDTJPMJPMorgan to double spending on cybersecurity over next five years, WSJ says
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13:03 EDTJPMBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 10, 2014
17:57 EDTAAPLGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
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17:14 EDTAAPLMarket ends week lower amid global growth worries
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16:02 EDTAAPLActionable Options for Friday, October, 10
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15:30 EDTAAPLApple, Bose settle patent infringement litigation, CNBC reports
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10:12 EDTAAPLApple to remove Bose products from retail stores, MacRumors reports
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10:01 EDTWDCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
09:38 EDTAAPLActive equity options trading on open
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07:39 EDTAAPLApple underappreciated but Icahn estimates aggressive, says UBS
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07:08 EDTAAPLApple given at least 3 days to block info in GT bankruptcy case, Reuters says
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07:04 EDTAAPLAmazon in talks to join digital locker for movies. WSJ reports
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05:13 EDTNVSNovartis reports new analyses of AIN457 Phase III data show consistent efficacy
Novartis announced that new analyses of AIN457 Phase III studies showed that treatment with secukinumab 300 mg resulted in higher rates of clear to almost clear skin at Week 12 versus placebo, regardless of patients' psoriasis disease severity. Secukinumab's new mode of action stops interleukin-17A, which plays a central role in the development of psoriasis. In the analyses, the majority of patients across two disease severity subgroups, including those with severe psoriasis, experienced complete clear to almost clear skin measured as 100 or 90% reduction of respective baseline PASI, or Psoriasis Area and Severity Index. Skin clearance was sustained through one year of treatment. This is important as historically, psoriasis patients' disease severity at the start of treatment has been shown to negatively impact their response to other therapies. Disease severity subgroups were PASI less than or equal to 20 and PASI greater than 20. PASI measures redness, scaling and thickness of psoriatic plaques and the impact in regions of the body. These findings reconfirm the significantly better responses seen in the published FIXTURE study, where secukinumab showed superiority to Enbrel, a standard of care anti-TNF medication.
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