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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:20 EDTBRCM, BEBE, MSFT, PL, AAPL, PBYIOn The Fly: Closing Wrap
Stocks on Wall Street began the session in quiet fashion and remained that way through most of the day. The Institute for Supply Management needed to revise it manufacturing data twice during the day, providing some confusion in what was otherwise a listless day. The market moved in a narrow range, as the mellow activity that typified last week continued. Investors may be sidelined as they await the big economic events coming later in the week, which include a meeting of the European Central Bank and the U.S. payroll report for May. ECONOMIC EVENTS: In the U.S., the Institute for Supply Management's manufacturing index appeared to fall to 53.2 in May, missing expectations for a slight rise, but the group than corrected its index to 56, noting that wrong seasonal adjustments were used in the first, incorrect reading. The report was then adjusted for a second time to a reading of 55.4. Markit's manufacturing PMI rose to 56.4 for May, which is a little better than the 56.2 flash print and up from April's 55.4. Construction spending rose 0.2% in April, which was less than the 0.6% growth expected. In China, the government's official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, beating market expectations and indicating that factory activity there expanded at its fastest pace in five months. COMPANY NEWS: Shares of Apple (AAPL) slipped $4.35, or 0.69%, to $628.65 after the company held its keynote at the first day of its Worldwide Developers Conference, or WWDC. At the event, Apple announced OS X Yosemite, a new version of its Mac operating system, that makes working across devices more fluid, will let Mac users make or receive iPhone calls using their computer as a speakerphone, and now uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system, that added new Messages features, new photo functions and a new Health app. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports. MAJOR MOVERS: Among the notable gainers was Protective Life (PL), which surged $6.20, or 11.85%, to $58.50 after the Nikkei said that Japan's Dai-ichi Life Insurance is in late stage talks to acquire its U.S. life insurance peer. Also higher was Broadcom (BRCM) rose $2.97, or 9.32%, to $34.84 after the company announced it has engaged JPMorgan (JPM) to help it explore strategic alternatives for its cellular baseband business, including a potential sale or wind-down. Among the noteworthy losers was Puma Biotechnology (PBYI), which fell $19.37, or 25.34%, to $57.06 after it presented results from an ongoing Phase II clinical trial of its investigational treatment of HER2 positive metastatic breast cancer that has metastasized to the brain at the American Society of Clinical Oncology annual meeting. Also lower were shares of Bebe Stores (BEBE), which plunged 68c, or 16.81%, to $3.39 after the company's CEO Steve Birkhold disclosed in a filing after the close Friday that he'd sold over 140K shares of the company's stock for $4.07 per share on May 29. INDEXES: The Dow rose 26.46, or 0.16%, to 16,743.63, the Nasdaq fell 5.42, or 0.13%, to 4,237.20, and the S&P 500 added 1.40, or 0.07%, to 1,924.97.
News For AAPL;MSFT;BRCM;PL;BEBE;PBYI From The Last 14 Days
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July 21, 2015
07:38 EDTAAPLApple July weekly volatility elevated into Q2 and outlook
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07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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07:00 EDTAAPLApple granted patent for 'fine tuning' input taps, AppleInsider reports
A patent granted to Apple by the USPTO involves a method of highly granular user interface manipulations by tapping on the side of an iPhone to "nudge" onscreen items with great precision, reported AppleInsider. Reference Link
06:46 EDTAAPLApple July weekly 132 straddle priced for 4.7% movement into Q3
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06:23 EDTAAPLApple's iPhone 6s will cut 16GB version, M.I.C. Gadget reports
Apple's (AAPL) new iPhone 6s and 6s Plus will not come with a 16GB edition yet will have a 32GB edition with more capacity, M.I.C. Gadget reports, citing "some Foxconn (FXCNY) insiders." Reference Link
06:19 EDTAAPLSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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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
16:01 EDTAAPL, MSFTOptions 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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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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