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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:20 EDTAAPL, MSFT, BRCM, PL, BEBE, 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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August 22, 2014
06:32 EDTAAPLApple suppliers scramble after iPhone 6 screen hurdle, Reuters says
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06:14 EDTAAPLSamsung resumes supply of mobile RAM for next-generation iPhone, DigiTimes says
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August 21, 2014
18:22 EDTMSFTSalesforce.com CEO: Microsoft the number one customer of ExactTarget
Says Europe performing beyond expectations. Marc Benioff is speaking on CNBC.
18:01 EDTMSFTSalesforce.com targets $1.1B in cash flow at end of FY15
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13:23 EDTAAPLWal-Mart cut iPhone prices, Washington Post says
Wal-Mart (WMT) today began selling Apple's (AAPL) iPhone 5s for $79, and cut the price of the iPhone 5c to just 97c, according to The Washington Post. The devices previously cost $99 and $29 respectively at Wal-Mart, the newspaper stated. Reference Link
12:30 EDTMSFTMicrosoft plans to unveil Windows 9 on September 30, The Verge reports
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11:44 EDTAAPL, MSFTHP hits 52-week high after solid revenue growth, positive analyst commentary
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10:34 EDTAAPLOptions Update; August 21, 2014
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10:03 EDTAAPLActive puts at CBOE
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10:02 EDTAAPLActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
09:37 EDTAAPLActive equity options trading on open
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09:04 EDTMSFTMicrosoft and TracFone announce collaboration
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August 20, 2014
16:01 EDTAAPLOptions Update; August 20, 2014
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13:46 EDTAAPLVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
11:15 EDTAAPLGT Advanced retreats after analyst downgrades stock
Shares of sapphire maker GT Advanced (GTAT) are falling after research firm CLSA downgraded the stock in a note to investors today. The firm cited concerns about increased costs associated with the company's deal with Apple as the main reason for the downgrade. WHAT'S NEW: GT Advanced's costs associated with its deal to supply sapphire to Apple are being impacted by low yields, CLSA analyst Mark Heller wrote after speaking with strategic consulting firm Yole Développement. Lower yields will reduce the amount of sapphire that GT Advanced can produce for Apple, and will negatively affect GT’s profit margins, explained Heller. He believes that GT Advanced's risk/reward ratio is balanced at current levels, and downgraded his rating on the shares to Underperform from Outperform. However, he raised his price target on the shares to $19 from $18. PRICE ACTION: In late morning trading, GT Advanced fell 2% to $18.
09:38 EDTAAPL, AAPLGT Advanced downgraded to Underperform from Outperform at CLSA
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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06:36 EDTMSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
06:28 EDTAAPLApple could delay iWatch until 2015, FT Alphaville reports
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