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Stock Market & Financial Investment News

News Breaks
July 22, 2014
15:30 EDTBRCM, DFS, MSFT, FTI, JNPR, ACE, AAPL, EA, ISRG, VMWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $1.23; Microsoft (MSFT), consensus 60c; VMware (VMW), consensus 79c; ACE (ACE), consensus $2.23; Discover Financial (DFS), consensus $1.30; Intuitive Surgical (ISRG), consensus $2.83; Juniper Networks (JNPR), consensus 38c; Broadcom (BRCM), consensus 61c; Electronic Arts (EA), consensus (4c); FMC Technologies (FTI), consensus 63c.
News For AAPL;MSFT;VMW;ACE;DFS;ISRG;JNPR;BRCM;EA;FTI From The Last 14 Days
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June 16, 2015
06:27 EDTMSFTMicrosoft opens branded store on Indian e-commerce platform Snapdeal
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06:13 EDTAAPLAlibaba, Foxconn could invest $500M in Snapdeal, WSJ reports
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June 15, 2015
17:46 EDTEAElectronic Arts CEO says subscriptions tracking ahead of expectations
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17:32 EDTAAPLApple posts job listing seeking Apple News editor
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16:18 EDTMSFTBsquare renews Microsoft Windows mobile distribution agreements
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16:13 EDTMSFTBsquare renews Microsoft Windows mobile distribution agreements
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16:00 EDTAAPL, MSFTOptions Update; June 15, 2015
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15:05 EDTMSFTDetroit Economic Club to hold a meeting
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14:48 EDTMSFTGameStop slips after Microsoft announces backward compatibiltiy for Xbox One
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10:34 EDTAAPLMicron declines after another analyst says sell
The shares of memory makers Micron (MU) and SanDisk (SNDK) are falling after Morgan Stanley downgraded both stocks in a note to investors earlier today. MICRON: Morgan Stanley analyst Joseph Moore downgraded Micron to Underweight, the firm's equivalent of a "sell" rating, from Equal Weight. Moore said that his checks in Taiwan indicate that the outlook for DRAM, a form of flash memory sold by Micron, is "cautious versus expectations" for the third quarter. Previously, the analyst had expected DRAM to experience a seasonal boost in Q3, but he now expects this lift to be delayed until at least Q4. Moreover, DRAM prices will probably stay weak through Q3 as customers' inventories of DRAM are excessive, while sales of PC DRAM will probably remain weak in Q3 and could stay low in Q4, the analyst stated. Moore is concerned that DRAM supply could exceed expectations in 2016, while demand for the product could decelerate next year. Micron could have difficulty improving its earnings in 2016 from current levels, warned the analyst, who set a $21 price target on the shares. WHAT'S NOTABLE: On June 9, after conducting checks in Taiwan, research firm Piper Jaffray predicted that PC DRAM prices would continue to decline. However, the firm kept an Overweight rating on Micron, citing its belief that the stock's valuation was "compelling." Much more pessimistic was research firm Drexel Hamilton, which on June 9 cut its rating on Micron to Sell from Hold, DRAM price declines are likely to continue, the firm predicted. SANDISK: On SanDisk, Moore believes that the company will have trouble recovering from declines in purchases of its products by Apple (AAPL). Various technological issues will prevent it from selling its products to other smartphone makers, the analyst stated. Meanwhile, SanDisk is unlikely to find alternative buyers for its SSD memory, since it is not widely used, added Moore. As a result, SandDsk will have to charge lower prices for its products, according to Moore, who downgraded SanDisk to Equal Weight from Overweight and lowered his price target on shares to $75 from $80. PRICE ACTION: In early trading, Micron fell 4.5% to $24 and SanDisk gave back 3.3% to $63.90.
10:29 EDTAAPLApple to pay more than 70% of Music revenue to rights owners, Re/code reports
Apple will pay music owners 71.5% of Apple Music's subscription revenue in the U.S. and 73% of the revenue to music owners outside the U.S, reports Re/code. In an interview, Apple's Robert Kondrik said the totals include payments to people who own the sound recordings Apple Music will pay as well as the people who own the publishing rights to the underlying compositions. Kondrik says Apple’s payouts are a few percentage points higher than the industry standard, in part to account for the lengthy trial period. Reference Link
09:55 EDTMSFTMicrosoft breaks below its 50-day moving average
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09:50 EDTAAPLApple price weakness continues, levels to watch
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09:38 EDTAAPLActive equity options trading on open
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09:06 EDTISRGNorthland to hold a bus tour
2015 SFO Investors Bus Tour travels throughout San Francisco on June 15.
08:34 EDTAAPLGlobal Payments announces support for Apple Pay in the U.K.
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08:19 EDTDFSDiscover reports May net charge-offs 1.76% vs. 1.70% last month
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08:19 EDTAAPLLG Display tapped as sole OLED supplier for second-gen Apple Watch, MK reports
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07:46 EDTAAPLJabil Circuit upgraded to Buy on continued growth at Needham
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06:45 EDTAAPLBeats axed plans for Sonos-like Wi-Fi speaker system, Variety reports
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