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Stock Market & Financial Investment News

News Breaks
August 19, 2014
17:14 EDTVRX, MSFT, SLXP, AAPL, AGNOn The Fly: Closing Wrap
Stocks began the session in positive territory and remained there throughout the entire session. The move today marks the fourth higher close in the past five sessions and continues to keep August on track for the best monthly performance since February. The volume was light and the market drifted as there was little in the way of a catalyst since the market opened. Prior to the open however, the market received good news with housing starts and building permits data that was better than expected and the consumer prices report that was in-line with expectations. Investors will be a little more careful tomorrow as the Fed is scheduled to release its minutes from last month’s FOMC meeting. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Apple (AAPL) closed above $100 for the first time since the stock's seven-for-one split in June... Microsoft (MSFT) announced that former CEO Steve Ballmer has stepped down from the company's board, effective immediately. Microsoft shares traded up more than 1% today. MAJOR MOVERS: Allergan (AGN) approached Salix (SLXP) about a takeover, according to a Wall Street Journal report. Allergan is currently fighting a hostile takeover attempt by Valeant (VRX). Allergan traded up 4% today, Salix traded up 15.5%, and Valeant traded up 3.6%. INDEXES: The Dow was up 80.85, or 0.48%, to 16,919.59; the Nasdaq was up 19.20, or 0.43%, to 4,527.51; and the S&P 500 was up 9.86, or 0.5%, to 1,981.60.
News For AAPL;MSFT;AGN;SLXP;VRX From The Last 14 Days
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July 21, 2015
05:34 EDTAAPLPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
19:00 EDTAAPLApple hires auto industry executive, WSJ says
Apple has hired Doug Betts, former global head of quality at Chrysler Group, reports the Wall Street Journal, citing Betts' LinkedIn profile. The report notes that the move could mean Apple's rumored electric car development "may be gaining ground." Reference Link
16:15 EDTVRXValeant initiated with a Buy at BTIG
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16:01 EDTMSFT, AAPLOptions Update; July 20, 2015
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13:37 EDTAAPLApple July weekly volatility increases into Q3 and outlook
Apple July weekly call option implied volatility is at 56, August is at 31, October is at 26; compared to its 52-week range of 15 to 36, suggesting large near term price movement into the expected release of Q3 results on July 21.
13:28 EDTAAPLSamsung most popular smartphone maker in Q2, TrendForce says
Samsung (SSNLF) was the most popular smartphone maker in the second quarter, even though the smartphone market has started to slow down, according to data from research firm TrendForce. Smartphone shipments will grow 8.2% year over year in 2015, though that's down from the previously anticipated growth rate of 11.6%, the report says. Samsung has led in smartphone shipments with a second-quarter growth of 26.8%. However, Galaxy S6 and S6 Edge's annual shipment forecast has been marked down repeatedly. TrendForce has also revised Samsung's annual smartphone shipments downwards to 45M units this year. As Chinese vendors are taking more shares of the low- to mid-range product market, Samsung's ability to reverse its fortune may hinge on the success of its Galaxy Note 5. If this device is able to attract consumers with upgraded specs and new features, then Samsung will avoid the high possibility of negative shipment growth for this year. Apple (AAPL) rode on the popularity of iPhone 6 and iPhone 6 Plus in this year's first half and achieved a remarkably strong shipment result in the off-peak season. The next-generation iPhone due to be launched this year offers no major changes in appearance, but Apple has given the device a new A9 processor and upgraded its memory to 2GB LPDDR4 for the first time. These improvements along with the Force Touch module and a camera featuring a possible resolution of 12MP will give the next iPhone a huge boost. Thus, TrendForce's iPhone shipment forecast for this year continues to be very positive with a high growth of 15% upwards. Lenovo (LNVGY) has fallen to No. 6 in the global shipment ranking and is expected to see a 20%-30% decline in this year's shipments. Lenovo's market share did not double as anticipated after its takeover of Motorola in 2014. Moreover, Lenovo did not have a well-defined product positioning strategy and the brand faced strong competition from challengers offering lower-priced smartphone models.
12:40 EDTAAPLEarnings Watch: IBM up 4% since last quarterly report
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10:07 EDTAAPLApple rallies ahead of earnings
Shares are up over 1.3% to $131.41 at time of writing. At that price next resistance is at $134.54, the life high. Support is at $130.50.
09:34 EDTAAPLActive equity options trading on open
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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08:38 EDTVRXAnalyst predicts Zoetis merges with Bayer unit, not Valeant
Zoetis (ZTS) in recent months has been the subject of takeover speculation, possibly for Valeant (VRX), but a Jefferies analyst told investors today in a research note that he views a deal with a unit of healthcare giant Bayer (BAYRY) as "highly likely" for the animal medicine company. BACKGROUND: Bill Ackman of Pershing Square, who owns stakes in both Zoetis and Valeant, said in early May while speaking on CNBC that Zoetis is a "great” business on a standalone basis, but he also spoke of the company's strategic value. Ackman added, however, that he was "not sure" that Valeant was the best acquirer of Zoetis. Subsequently, in late June, The Wall Street Journal reported that Valeant made a preliminary approach regarding a potential deal to buy Zoetis. CNBC's David Faber said the next day, citing his own sources, that Valeant reached out to Zoetis as a courtesy to common shareholder Ackman and was unlikely to pursue an acquisition of the company, though he cautioned then Valeant could change its approach and pursue a deal. BAYER: Jefferies analyst Jeffrey Holford said in a note today that he views a tie-up between Zoetis and Bayer's Animal Health business in 2016 as "highly likely." He sees Mylan's (MYL) acquisition of Abbott's (ABT) non‑U.S. developed markets specialty and branded generics business as a potential proxy for how a transaction could be structured, adding that such a "spinversion" could achieve up to 36% long-term earnings accretion for Zoetis. Holford reiterated a Buy rating on Zoetis with a $60 price target, while downgrading Bayer to Hold, citing valuation following the recent outperformance of its shares. IDEXX: While being discussed as a target, some analysts have also opined on companies that Zoetis could pursue as a buyer. On June 29, Canaccord said that in investor meetings with IDEXX (IDXX) executives declined to comment on Zoetis' potential interest in scaling up its animal health diagnostics business. Canaccord added that it thought Zoetis could make a bid for IDEXX. The firm reiterated its Buy rating and $80 price target on IDEXX shares at that time. PRICE ACTION: Since June 25, the day the Journal first reported on Valeant's preliminary takeover approach to Zoetis, the animal health company's shares have dropped nearly 4%. Zoetis closed down 20c to $47.80 on Friday.
07:33 EDTVRXValeant price target raised to $285 from $275 at Canaccord
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07:05 EDTAGNAllergan Q2 to alleviate competitive concerns, says JPMorgan
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06:48 EDTAAPLApple in talks to create free streaming TV channel, NY Post reports
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06:39 EDTAAPLNew iPods won't run Apple Music to prevent piracy, 9to5Mac reports
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06:31 EDTAAPLAnalysts down on Apple Watch sales, AFP reports
Certain analysts have said that Apple's new smartwatch is not a mainstream hit due its disappointingly low sales figures, AFP reports. A study from Slice Intelligence suggests that Apple Watch orders have decreased 90% since the week the device made its debut, the report says. In response, BMO Capital Markets said it told investors that they were "disappointed" and reduced their estimate for Apple Watch sales in the upcoming year, the report adds. Richard Windsor at Edison Investment Research said that even if Slice is off the mark about the plunge in Apple Watch orders, it was evident that the wearable has sold way less than even conservative expectations, AFP says. Reference Link
06:22 EDTAAPLApple July weekly volatility elevated into Q3 and outlook
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05:57 EDTAAPLApple iPhone momentum to continue in June quarter, says Piper Jaffray
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July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
14:09 EDTAAPLIntel chip delay could spell opportunity or disaster, Barron's says
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