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Stock Market & Financial Investment News

News Breaks
February 7, 2013
12:28 EDTAAPL, TQNT, AKAM, DV, TRLG, VSAT, JWN, KSS, M, GMCROn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following a report that revealed a larger than expected decrease in nonfarm productivity during the fourth quarter. With its triple-digit move lower, the Dow is now well away from the 14K level again and the S&P is hovering just above 1,500... ECONOMIC EVENTS: In the U.S., jobless claims fell 5K from the prior week to 366K, versus expectations for 360K claims. Nonfarm productivity fell 2.0% in Q4, versus an expected decrease of 1.4%. In Europe, the European Central Bank and the Bank of England both left their benchmark interest rates unchanged... COMPANY NEWS: Noted investor David Einhorn and his fund, Greenlight Capital, said a legal action has been initiated against Apple (AAPL) over the company's refusal to unbundle three distinct corporate governance proposals, alleging that the bundling breaks SEC rules. Einhorn also said Apple rejected his idea for the creation of a "perpetual preferred stock," which he contends could unlock $32 per share for every $50B of preferred shares Apple issued... A number of retailers reported double-digit increases in same-store sales in January, including Macy's (M), Kohl's (KSS) and Nordstrom (JWN). However, among those, only Macy's saw its shares trade higher, as the company also raised its Q4 EPS view by 3c at both ends of its prior range... MAJOR MOVERS: Among the notable gainers after earnings reports that spurred analyst upgrades were ViaSat (VSAT), up 22%, True Religion (TRLG), up 21%, and DeVry (DV), up 20%. Noteworthy losers that reported disappointing quarterly results and were downgraded on Wall Street included Akamai (AKAM), down 15%, and TriQuint (TQNT), down over 11%. Also lower after its earnings report was Green Mountain (GMCR), which slid 6% in spite of beating Q1 earnings expectations and raising its full year guidance... INDICES: Near noon, the Dow was down 113.98, or 0.81%, to 13,872.54; the Nasdaq was down 22.06, or 0.70%, to 3,146.42; and the S&P 500 was down 10.34, or 0.68%, to 1,501.78.
News For AAPL;M;KSS;JWN;VSAT;TRLG;DV;AKAM;TQNT;GMCR From The Last 14 Days
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October 14, 2014
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.
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.
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.
06:37 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
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.
10:06 EDTM, KSSJ.C. Penney rises after selecting Home Depot executive as next CEO
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09:39 EDTAAPLActive equity options trading on open
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09:23 EDTAKAMHP could buy lower valuation company, says Bernstein
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08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
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07:26 EDTGMCRAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
07:15 EDTAKAMNational Association of Corporate Directors to hold a conference
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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
06:15 EDTM, KSSJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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