New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:25 EDTAAPL, UTX, MDLZThird Point liquidates stakes in Apple, Mondelez, United Tech. over quarter
News For AAPL;MDLZ;UTX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
July 22, 2015
12:32 EDTAAPLOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
10:01 EDTUTX, AAPLOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:38 EDTAAPLActive equity options trading on open:
Subscribe for More Information
09:32 EDTAAPLApple results disappointing, says Wells Fargo
Wells Fargo says that Apple's lower than expected Q3 iPhone sales suggest that it may be keeping inventories low because of low demand. The firm thinks the company faces a number of challenges in its September quarter, including product transitions, tough comps, China volatility and less differentiation in the 6S iPhone. Wells keeps a Market Perform rating.
09:07 EDTAAPLOn The Fly: Pre-market Movers
Subscribe for More Information
08:58 EDTAAPLApple shares should be bought on weakness, says JMP Securities
After Apple reported higher than expected Q3 EPS but in-line revenue and the stock fell, JMP Securities says that the stock declined due to worries that the company's momentum is diminishing ahead of tougher comps. However, the firm finds the stock's valuation attractive, given the fact that other tech bellwethers are missing expectations. The firm is upbeat on the company's performance in China and believes that iPhone penetration can increase significantly.
08:33 EDTAAPLApple iPhone miss de-risks 2H 2015, says Morgan Stanley
Morgan Stanley said the 2.5M iPhone unit miss is a function of management's conservative approach to channel inventory given currency volatility and related price actions. Firm said demand remains strong despite price increases and sees a decent set-up for 2H channel inventory build that can lead to unit growth year-over-year. Morgan Stanley believes shares are attractive following reset expectations and reiterates its Overweight rating and lowered its price target to $155 from $166 on share.
08:22 EDTAAPLApple weakness a buying opportunity, says Baird
Subscribe for More Information
07:44 EDTAAPLApple weakness creates buying opportunity, says RBC Capital
Subscribe for More Information
07:27 EDTAAPLApple post-earnings selloff overdone, says JPMorgan
JPMorgan analyst Rod Hall views the post-earnings pullback in shares of Apple as overdone. The company made no mention of demand weakness while China results and commentary were positive, Hall tells investors in a research note. He recommends adding to positions on today's selloff and keeps an Overweight rating on Apple with a $145 price target.
07:20 EDTAAPLApple should be bought on weakness, says Stifel
Subscribe for More Information
07:07 EDTAAPLApple iPhone sales light but no reason to sell stock, says UBS
Subscribe for More Information
07:06 EDTUTXUnited Technologies price target lowered to $118 from $136 at UBS
UBS lowered its price target on United Technologies to $118 from $136 following its Q2 report. The firm cited headwinds from China and the aero aftermarket, but believes earnings may be at a bottom. UBS maintained its Buy rating on United Technologies shares.
07:05 EDTAAPLApple shares still attractive, says Cantor
Subscribe for More Information
07:05 EDTUTXUnited Technologies downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded United Technologies to Hold citing the company's reduced guidance and "uncompelling" earnings potential in 2016 and 2017. Deutsche reduced its price target for shares to $112 from $128. United Technologies was also downgraded this morning at Atlantic Equities.
06:38 EDTAAPLApple downgraded to Market Perform from Outperform at Cowen
Cowen analyst Timothy Arcuri downgraded Apple to Market Perform and lowered his price target for shares to $130 from $140 following the iPhone maker's June quarter results. In a research note titled "Every Rose Has Its Thorn," Arcuri says "tepid" iPhone sales in the quarter coupled with his supply-side channel checks indicate that phone builds are down cycle-over-cycle for the first time. June quarter iPhone units were weaker than expected even after adjusting for channel inventory, the analyst tells investors. Apple is entering a transition period and the stock's risk/reward no longer supports a buy rating, Arcuri writes. Shares of Apple are down $7.09 to $123.66 in pre-market trading. On the flip side, Piper Jaffray analyst Gene Munster recommends buying the iPhone maker on today's selloff.
06:33 EDTUTXUnited Technologies downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information
05:55 EDTAAPLApple Watch component reserves to remain high until September, DigiTimes reports
Subscribe for More Information
05:38 EDTAAPLPiper's Munster a buyer of Apple today on the selloff
Subscribe for More Information
05:17 EDTAAPLApple shares drop after iPhone sales, guidance fail to impress
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use