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Stock Market & Financial Investment News

News Breaks
June 6, 2014
16:50 EDTTSN, GM, PPC, MSFT, HTZ, HSH, AAPLMarket ends week higher after jobs report, ECB easing
Stocks ended the week higher after a report showed the U.S. added more than 200K new jobs for the fourth month in a row, the EU's central bank unveiled a comprehensive monetary easing plan and China's purchasing managers' index came in above expectations. MACRO NEWS: In the U.S., the monthly jobs report from the Bureau of Labor Statistics showed that non-farm payrolls rose 217K and the unemployment rate stayed at 6.3% in May. Data on manufacturing and weekly jobless claims were close to consensus estimates, an index measuring the services sector's performance in May was ahead of forecasts and construction spending in April came in below expectations... European Central Bank President Mario Draghi outlined a package of monetary easing measures, including a reduction in the benchmark interest rate to unprecedented levels, a negative deposit rate for banks, and incentives for banks to lend... China's official manufacturing 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. A government index measuring the country's services sector, meanwhile, hit a six month high in May. COMPANY NEWS: Apple (AAPL) announced OS X Yosemite, a new version of its Mac operating system, that is supposed to make working across devices more fluid, will let Mac users make or receive iPhone calls using their computer, and uses Microsoft's (MSFT) Bing for search. Apple also unveiled iOS 8, its updated mobile operating system. The new operating system will include new Messages features, new photo functions and a new Health app, Apple said. Additionally, Apple confirmed its launch of Home Kit, a "smart home" platform that had been hinted at in recent media reports... On the M&A front, Pilgrim's Pride (PPC) raised its takeover offer for Hillshire (HSH) to $55.00 per share in cash, which is up from its prior offer of $45 topping a rival bid of $50 per share that was made by Tyson Foods (TSN). For its part, Hillshire said its board has agreed to hold separate talks with Pilgrim's Pride and Tyson about their recent unsolicited proposals, but Hillshire cautioned that it does not have the right to terminate its Pinnacle Foods (PF) merger agreement on the basis of either of the two companies' takeover proposals... General Motors (GM) released the results of a probe of its handling of its defective ignition switches. The report found no conspiracy, but a pattern of incompetence. GM fired 15 of its employees in the wake of the report, which found that CEO Mary Barra didn't know about the issues until the company issued a recall. GM warned that it could take significant Q2 charges as a result of the recalls... Shares of Hertz (HTZ) plunged today after the company disclosed further accounting issues this morning and warned that its Q1 results are "likely to be below consensus" due to costs associated with its accounting review, other unusual items, and certain anticipated operating results. INDEXES: The Dow was up 1.24% to 16,924.28, the S&P 500 was up 1.34% to 1,949.44, and the Nasdaq was up 1.86% to 4,321.40.
News For AAPL;MSFT;GM;HSH;PPC;TSN;HTZ From The Last 14 Days
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January 27, 2016
09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
09:12 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
08:16 EDTAAPLApple set-up 'increasingly attractive,' says Bernstein
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08:11 EDTAAPLApple guidance better than feared, says Morgan Stanley
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08:02 EDTAAPLApple price target lowered to $120 from $140 at Stifel
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07:59 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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07:57 EDTAAPLCiti recommends buying Skyworks on Apple weakness
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07:49 EDTAAPLApple revenue view already factored in Skyworks, Qorvo shares, says Stephens
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07:45 EDTAAPLApple price target lowered to $130 from $145 at Citi
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07:39 EDTAAPLApple price target lowered to $130 from $150 at FBR Capital
FBR Capital analyst Daniel Ives says Apple CEO Tim Cook "finally ripped the band-aid off" and lowered the company's outlook based on softer iPhone 6S demand and a choppy macro environment. Apple has a "few tough quarters ahead" pending the iPhone 7 buildup later this year, Ives tells investors in a post-earnings research note. He lowered his price target for the iPhone maker to $130 from $150 and keeps an Outperform rating on the name.
07:36 EDTAAPLApple price target lowered to $120 from $130 at UBS
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07:33 EDTAAPLApple to remain range bound , says RBC Capital
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07:23 EDTAAPLApple guidance more firm than expected, says Brean Capital
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07:18 EDTAAPLApple outlook still positive, says Oppenheimer
After Apple's guidance indicated that iPhone sales would decline during the current quarter, Oppenheimer nonetheless believes that the company's "growth potential in China and other emerging markets has not been fully realized." The firm says that patient investors in the stock will be rewarded. It keeps a $120 price target and Outperform rating on the shares.
07:03 EDTAAPLDeutsche still sees limited catalysts for Apple shares
Deutsche Bank analyst Sherri Scribner says Apple's March quarter guidance implies a "significant decline" year-over-year in iPhone units, which likely drives a decline for FY16. The analyst remains concerned about the lack of growth in iPhone units this year, the slowdown in China sales and gross margin pressure following Apple's Q1 results. She sees limited catalysts for the shares in the near term and expects the stock to be range-bound. In a post-earnings research note titled "Is Apple season over?", Scribner keeps a Hold rating on the iPhone maker with a $105 price target.
06:59 EDTAAPLOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:35 EDTAAPLiPhone 7 Plus may include dual camera system, 9to5Mac reports
Apple's iPhone 7 Plus will likely include a dual-camera system, 9to5Mac reports, citing Apple analyst KGI securities. By using two separate lenses, Apple can use the additional image data to create higher quality pictures, the report says. Reference Link
06:28 EDTAAPLApple reported strong Q1 but guided weak for Q2, says JPMorgan
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06:20 EDTAAPLPiper's Munster says Apple remains top pick for 2016
Piper Jaffray analyst Gene Munster believes Apple's "insistence on broader macroeconomic headwinds" during its Q1 earnings conference call "may have spooked investors." He points out shares are trading down 3% despite iPhone guidance coming in above buy-side expectations. If macro headwinds remain an issue for Apple, the entire market would be impacted and the iPhone maker would be a relative winner, Munster tells investors in a post-earnings research note. He believes investors will view the safety of Apple's capital return program as a positive. Munster still predicts multiple expansion for Apple given the iPhone 7 and easier comps at the end of the year. The analyst lowered his price target for the stock to $172 from $179 but says Apple remains his top pick for 2016.
05:47 EDTAAPLTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
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