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Stock Market & Financial Investment News

News For AAPL;NFLX;IBM;GOOG;CSX;HAL From The Last 14 Days
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October 31, 2014
09:55 EDTAAPLStarbucks CEO tells CNBC Apple Pay 'great' for Starbucks
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09:36 EDTAAPLActive equity options trading
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07:55 EDTAAPLApple denied request to keep GT Advanced bankruptcy papers sealed, WSJ reports
A bankruptcy judge ordered the unsealing of bankruptcy papers from the filing of GT Advanced Technologies (GTAT) that Apple (AAPL) sought to keep under wraps out of concern they will harm its relationships with other suppliers, reported The Wall Street Journal. At a court hearing, the judge said bankruptcy-code protections against defamatory information don’t apply to the characterizations of Apple’s behavior made in an affidavit signed by GT Advanced COO Daniel Squiller, the report noted. Reference Link
07:16 EDTIBMIBM guidance misinterpreted by analysts, says Jefferies
Jefferies believes most of the sell-side analysts misinterpreted IBM's implied Q4 guidance. The issue, Jefferies says, is that IBM gave 2014 guidance based on a restated 2013 and year-to-date 2014, to exclude Microelectronics, which IBM is selling to GlobalFoundries. This suggests a lower Q4 than would be implied by using year-to-date earnings results as reported, the firm believes. It thinks IBM's 2014 guidance implies Q4 EPS of $5.19-$5.51, with a midpoint of $5.35, compared to the consensus estimate of $5.51. Jefferies lowered its Q4 estimate for IBM to $5.35 from $5.63 and keeps an Underperform rating on the stock with a $144 price target. IBM closed yesterday up 89c to $164.35.
06:28 EDTGOOGMPAA, NATO announce updated theatrical anti-theft policy, ban wearable devices
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06:02 EDTGOOGGoogle's robotics head Andy Rubin leaving company, WSJ reports
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05:58 EDTAAPLApple implied volatility of 19 at lower end of index mean range
05:36 EDTIBMIBM announces partnership with Tencent Cloud
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October 30, 2014
17:10 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street advanced, with a strong move higher from Visa (V) after its earnings report accounting for more than 100 points of the Dow's increase. The Nasdaq, which lagged all day, eventually moved off its lows and closed in positive territory as well. The New York Stock Exchange notified customers of a problem at 1:40 p.m., saying there was a “critical issue” and it was “experiencing issues publishing and receiving trades and quotes.” Ten minutes later, it sent a new alert saying the system was “processing trades and quotes normally.” ECONOMIC EVENTS: In the U.S., GDP grew 3.5% in the third quarter, topping the consensus forecast for 3.1% growth. Initial jobless claims rose 3K to 287K in the week ended October 25, which was narrowly above the 285K consensus estimate. COMPANY NEWS: Shares of credit card networks Visa (V) and MasterCard (MA) are rising after both companies reported stronger than expected results. Visa, which also authorized a new $5B share repurchase program and was upgraded to Outperform from Market Perform at FBR Capital, advanced $21.99, or 10.24%, to $236.65, while MasterCard gained $7.14, or 9.4%, to $83.13... Apple (AAPL) CEO Tim Cook publicly acknowledged in an essay published by Bloomberg Businessweek that he is gay. Cook noted that he feels "if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy." MAJOR MOVERS: Among the notable gainers was Bristol-Myers (BMY), which advanced $4.82, or 8.9%, to $58.98 after the company announced data for a trial of its Opdivo drug in certain lung cancer patients that a doctor involved in the study called "encouraging." Also higher was Omeros (OMER), which rose $4.99, or 43.09%, to $16.57 after the company announced it has received transitional pass-through status for its lead product, Omidria, from the Center for Medicare & Medicaid Services. Among the noteworthy losers was Glu Mobile (GLUU), which fell 92c, or 20.31%, to $3.61 after the game maker reported Q3 EPS that beat consensus but non-GAAP revenue that missed expectations. Also lower were shares of beauty products provider Avon (AVP), which fell 99c, or 9.03%, to $9.97 after its third quarter report. INDEXES: The Dow rose 221.11, or 1.3%, to 17,195.42, the Nasdaq gained 16.91, or 0.37%, to 4,566.14, and the S&P 500 added 12.35, or 0.62%, to 1,994.65.
16:00 EDTNFLX, AAPLOptions Update; October 30, 2014
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12:59 EDTAAPLOn The Fly: Midday Wrap
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12:53 EDTGOOG, AAPLFirm says Apple's tablet market share fell in Q3
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09:34 EDTAAPLMasterCard CEO says first few weeks of Apple Pay 'very encouraging'
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09:19 EDTAAPLMasterCard CEO says mobile strategy is to work with 'all players'
MasterCard (MA) CEO Ajaypal Banga says that while the company has worked closely with Apple (AAPL) on Apple Pay, which has garnered significant attention, that the company's strategy for mobile payments will be to work with "all players" to make it as easy as possible for all MasterCard customers.
07:12 EDTAAPLApple CEO Cook says 'proud to be gay' in Bloomberg essay
Apple CEO Tim Cook wrote in an essay published by Bloomberg Businessweek: "Throughout my professional life, I’ve tried to maintain a basic level of privacy...I’ve come to realize that my desire for personal privacy has been holding me back from doing something more important...For years, I’ve been open with many people about my sexual orientation. Plenty of colleagues at Apple know I’m gay, and it doesn’t seem to make a difference in the way they treat me...While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now. So let me be clear: I’m proud to be gay, and I consider being gay among the greatest gifts God has given me...I don’t consider myself an activist, but I realize how much I’ve benefited from the sacrifice of others. So if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy."
06:53 EDTGOOGLenovo completes acquisition of Motorola Mobility from Google
Lenovo (LNVGY) and Google (GOOG) announced that Lenovo’s acquisition of Motorola Mobility from Google is complete. Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola’s headquarters will remain in Chicago. Google will maintain ownership of a majority of the Motorola Mobility patent portfolio, while Motorola will receive a license to this rich portfolio of patents and other intellectual property. Motorola will retain over 2,000 patent assets and a large number of patent cross-license agreements, as well as the Motorola Mobility brand and trademark portfolio. The total purchase price at close was approximately $2.91B, including approximately $660M in cash and 519,107,215 newly issued ordinary shares of Lenovo stock, with an aggregate value of $750M, representing about 4.7% of Lenovo’s shares outstanding, which were transferred to Google at close. The remaining $1.5B will be paid to Google by Lenovo in the form of a three-year promissory note. A separate cash compensation of approximately $228M was paid by Lenovo to Google primarily for the cash and working capital held by Motorola at the time of close. The transaction has satisfied all regulatory requirements and customary closing conditions, including clearance by competition authorities in the U.S., China, EU, Brazil and Mexico, and by the Committee on Foreign Investment in the United States.
06:47 EDTAAPLVisa projects mobile payments will boost growth, Reuters says
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06:34 EDTAAPLHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
06:28 EDTAAPLMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTAAPLMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
17:05 EDTIBMOn The Fly: Closing Wrap
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16:02 EDTNFLX, AAPLOptions Update; October 29, 2014
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14:54 EDTGOOG, AAPLEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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13:44 EDTAAPLApple in preliminary talks to sell iPhone in Iran, WSJ reports
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12:58 EDTIBMOn The Fly: Midday Wrap
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12:01 EDTIBMIBM announces global partnership with Twitter
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11:54 EDTIBMIBM, Twitter announce data analytics partnership
Twitter (TWTR) announced a new relationship with IBM (IBM). This alliance will let enterprises incorporate Twitter data into their decision-making through an established set of IBM tools, solutions and consulting services, the social media company said in a blog post. The relationship will enable IBM solutions – like the Watson – to access Twitter data as an input for multi-variable, pattern-dependent questions, the post stated. Reference Link
11:48 EDTAAPLCurrentC mobile payment system endures breach, Business Insider says
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09:42 EDTAAPLActive equity options trading
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09:39 EDTGOOGRuckus to provide routers for Google small business Wi-Fi program, GigaOM says
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09:05 EDTAAPLAerohive clarifies Wi-Fi infrastructure donated in support of Apple program
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07:53 EDTAAPLMCX member stores block Apple Pay amid threat of fines, NY Times says
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07:17 EDTIBMAmazon hires CIOs to pitch AWS to customers, WSJ reports
As it continues to face increasing competition from IBM (IBM), EMC (EMC) and Microsoft (MSFT), Amazon (AMZN) is hiring chief information officers to pitch its AWS business to customers, according to the Wall Street Journal. Amazon recently hired former Dow Jones CIO Stephen Orban to become head of enterprise strategy at Amazon Web Services, while Douglas Menefee, CIO of Schumacher Group from 2005 to 2013, joined AWS as an enterprise CIO advisor earlier this year. Reference Link
06:26 EDTGOOGMicrosoft cooperates with Intel to offer subsidies for desktops,, DigiTimes says
Microsoft (MSFT) will cooperate with Intel (INTC) to offer subsidies to promote Windows 8.1 with Bing for entry-level desktops and 18.5-inch non-touch-screen all-in-one PCs, reports DigiTimes. According to Taiwan-based supply chain makers, Microsoft is hoping the new solutions will held defend its market share with Google (GOOG) aggressively promoting its Chromebox among vendors. Reference Link
06:05 EDTNFLXStocks with implied volatility below IV index mean; UNP NFLX
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October 28, 2014
16:43 EDTGOOGRogers Communications appoints Deepak Khandelwal to Chief Customer Officer
Rogers (RCI) announced the appointment of Deepak Khandelwal to the position of Chief Customer Officer, effective November 10. Khandelwal joins Rogers from Google (GOOG) where he is currently VP, Global Customer Experience.
16:08 EDTAAPLAerohive today's $50M market cap addition is too much, says at Northland
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16:00 EDTAAPL, NFLXOptions Update; October 28, 2014
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14:34 EDTGOOGcomScore reported strong Q3 results, says Cantor
After comScore (SCOR) reported higher than expected Q3 revenue and EBITDA, Cantor thinks the company has a number of positive catalysts, including high renewal rates, new product sales, and vCE's ongoing integration into Google (GOOg) and Yahoo (YHOO). The firm expects comScore to grow at a mid-teen percentage clip in 2015 and beyond, and it keeps a Buy rating on the shares.
13:48 EDTAAPLAerohive Networks selected by Apple to provide Wi-Fi for ConnectED initiative
Aerohive Networks (HIVE) announced it will provide the Wi-Fi infrastructure to support Apple’s (AAPL) $100M contribution to ConnectED. Aerohive’s next-generation networking solutions will enable connectivity for Apple devices and supporting content, providing teachers a new set of tools to engage and inspire their students. Aerohive is the only Wi-Fi infrastructure company working with Apple on this initiative.
13:36 EDTGOOGGoogle designing particles to search for diseases, WSJ reports
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13:07 EDTAAPLNXP Semiconductors seen as beneficiary if Apple, Alibaba strike deal
Chip maker NXP Semiconductors (NXPI) would benefit significantly if Apple (AAPL) teams up with China's Alibaba (BABA) on a mobile payment system, research firm Sterne Agee wrote in a note to investors today. Alibaba founder Jack Ma and Apple CEO Tim Cook reportedly suggested last night that such a tie-up could occur. WHAT'S NEW: Alibaba founder Jack Ma said he's willing to collaborate with Apple regarding their mobile payment services, according to Reuters. Noting that Cook had suggested that there could be "a marriage" between Apple's mobile payment system, Apple Pay, and Alibaba's mobile payment system, Alipay, Sterne Agee analyst Vijay Rakesh wrote that such a deal would boost NXP Semiconductors, whose chips power NFC in Apple's iPhone 6 and 6 Plus. Alipay has a 70% share of the mobile payments market in China with about 550M users, Rakesh estimated. A deal between Apple and Alibaba would open up the China market to NXP Semiconductors and stimulate additional "domino effect" growth for NXP, the analyst stated. Raskesh reiterated his previous contention that the proliferation of mobile payment systems could increase NXP's EPS by 35c-70c per year by 2017, assuming that 50% of smartphones have mobile payment systems by that year. The analyst kept an $82 price target and Buy rating on NXP Semiconductors; shares. WHAT'S NOTABLE: A number of U.S. retailers, including CVS (CVS), Rite Aid (RAD), Wal-Mart (WMT), and Best Buy (BBY) have reportedly decided not to accept Apple Pay at this time. Cook countered yesterday that many other companies plan to utilize the system and indicated that the tech giant would look to expand the system to overseas markets. PRICE ACTION: In early afternoon trading, NXP Semiconductors rose 1.3% to $66.64. Meanwhile, Apple added 1.3% and hit a 52-week high of $106.50 and Alibaba gained 2% to $99.83.
12:56 EDTAAPLGT Advanced says litigation against Apple would be 'expensive,' WSJ reports
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12:26 EDTIBMIBM announces $5B share repurchase plan
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12:25 EDTIBMIBM announces $5B share repurchase plan
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12:18 EDTGOOGTwitter slumps, downgraded after user growth slows
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11:56 EDTAAPLT-Mobile sees iPhone supply issues lasting through Q4
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09:37 EDTAAPLActive equity options trading
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09:37 EDTAAPLNXP Semiconductors would benefit from Apple, Alibaba deal, says Sterne Agee
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09:29 EDTGOOGGoogle levy weighed by new EU digital commissioner, Reuters says
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09:19 EDTIBMIBM Cloud selected by New Zealand's Finzsoft
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09:17 EDTIBMIBM opens new cloud center in Mumbai, India
IBM expanded its global cloud network with a new cloud center in Mumbai, India and a new suite of cloud services for OpenStack. IBM's global cloud network now includes centers in London, Amsterdam, Beijing, Hong Kong, Singapore, Melbourne, Toronto, Dallas and Raleigh, NC, in addition to the soon to be opened Paris cloud center.
09:15 EDTIBMIBM Cloud selected by Daimler subsidiary
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09:13 EDTIBMIBM Cloud selected by Uruguay's KONA
IBM announced that Uruguay's KONA has deployed a new cloud-based application development service on IBM Cloud with SoftLayer, an IBM company to help it build dynamic mobile applications that link its customers' back end systems of record with mobile systems of engagement.
09:04 EDTGOOGGoogle, PwC announce joint business relationship
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07:22 EDTIBMIRI Worldwide to hold a conference
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06:56 EDTAAPLWal-Mart rejecting Apple Pay for consumer 'best interests', Business Insider say
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06:44 EDTAAPL, GOOGApple warns of 'event' that would cause people to think about privacy, BI says
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06:42 EDTAAPLMore than 1M credit cards registered on Apple Pay, Re/code says
More than 1M credit cards were registered on Apple's Apple Pay mobile payment system in the first 72 hours after the system was launched, Apple CEO Tim Cook said, according to Re/code. NXP Semiconductors (NXPI) and VeriFone (PAY) have been identified as other companies that could benefit from Apple Pay. Reference Link
06:38 EDTAAPLApple says Apple Pay in 220,000 locations already, Business Insider reports
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06:37 EDTGOOGYouTube may charge for new services, Re/code reports
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06:35 EDTAAPLAlibaba founder says willing to collaborate with Apple on payments, Reuters says
Alibaba (BABA) founder Jack Ma said he's willing to collaborate with Apple (AAPL) regarding their mobile payment services, according to Reuters, citing comments from Ma at a conference. Alibaba's Alipay is China's biggest payment service while Apple Pay was launched earlier this month. Reference Link
06:25 EDTGOOGLenovo, Dell, Asustek eye Chromebook market, DigiTimes reports
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06:16 EDTAAPLT-Mobile CEO: iPhone 6 Plus selling at better clip than expected, Re/code says
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06:05 EDTAAPLApple head responds as retailers bar Pay service, Reuters says
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05:52 EDTHALStocks with implied volatility movement; TSLA HAL
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October 27, 2014
16:00 EDTAAPL, NFLXOptions Update; October 27, 2014
iPath S&P 500 VIX Short-Term Futures down 52c to 32.66. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
13:03 EDTAAPL, GOOGCVS says 'cannot accept' Apple Pay at this time, CNBC says
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12:27 EDTHALOn The Fly: Midday Wrap
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10:55 EDTCSXCSX confirms train derailment in Tennessee
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10:32 EDTAAPLVeriFone rises after Barron's says Apple Pay positive for company
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10:14 EDTAAPLApple, Cubic in talks for new uses for NFC, The Information reports
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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10:00 EDTHALOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
09:37 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
09:14 EDTAAPLOn The Fly: Pre-market Movers
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09:14 EDTGOOGGoogle initiated with a Buy at Monness Crespi
Target $605.
07:38 EDTGOOGCyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:38 EDTHALUS Oil Services sector downgraded to Cautious from Attractive at Goldman
Goldman downgraded the US Oil Services sector to Cautious based on a lower WTI price forecast of $74/bbl for 2015 and high management and investor expectations. As part of the sector cut, the firm upgraded Oceaneering Halliburton (OII) to Conviction Buy from Buy, downgraded Patterson-UTI (PTEN) to Neutral from Conviction Buy, downgraded Pioneer Energy (PES) and Emerge Energy (EMES) to Neutral from Buy and downgraded Basic Energy (BAS) and Diamond Offshore (DO) to Sell from Buy.
07:15 EDTAAPLWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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06:37 EDTAAPLApple plans to relaunch Beats Music next year under iTunes brand, WSJ reports
Apple is in the process of rebuilding Beats Music and plans to relaunch it next year under the iTunes brand, the Wall Street Journal reports, citing a source. Reference Link
06:33 EDTAAPLiPhone pre-orders in South Korea topping pre-orders for Galaxy Note 4, WSJ says
Pre-orders for Apple's (AAPL) iPhone 6 and iPhone 6 Plus in South Korea are reportedly far higher than orders for the new Samsung (SSNLF) Galaxy Note 4, the Wall Street Journal reports. Analysts believe total pre-sale figures for the new iPhones are around 100,000 units, more than the 30,000 units for the Galaxy Note 4. The iPhone launches in South Korea on October 31. Reference Link
06:33 EDTHALHalliburton downgraded to Buy from Conviction Buy at Goldman
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06:20 EDTAAPLAT&T to lock Apple's SIM cards to its network on new iPads, WSJ reports
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06:15 EDTNFLXStocks with implied volatility below IV index mean; NFLX CREE
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06:09 EDTAAPL, GOOGCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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06:02 EDTGOOGGoogle's Nest acquires Revolv, terms not disclosed
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06:00 EDTGOOGGoogle names Sundar Pichai to lead core Google products, Re/code reports
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05:58 EDTGOOGRyan Wyatt becomes Google's Head of Gaming at YouTube
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October 26, 2014
15:41 EDTAAPLApple iTunes music sales see decline as alternatives attract demand, WSJ says
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13:42 EDTIBMIBM shares look like 'dead money for now', Barron's says
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13:28 EDTAAPLApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
October 24, 2014
16:54 EDTAAPL, IBMMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:02 EDTNFLX, AAPLOptions Update; October 24, 2014
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15:57 EDTAAPLRoku planning to file an IPO, CNBC reports
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12:08 EDTAAPLApple iTunes music sales said to be down over 13%, WSJ reports
Apple's digital music sales via iTunes are down 13%-14% this year-to-date compared to last, according to The Wall Street Journal, citing people familiar with the matter. For context, the report notes that the International Federation of the Phonographic Industry estimates global revenue from downloads fell 2.1% in 2013. Reference Link
10:03 EDTHALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
09:36 EDTAAPLActive equity options trading on open
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07:23 EDTHALHalliburton feels BP spill trial proposal should be declined, Bloomberg says
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07:08 EDTHALHalliburton upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Halliburton to Buy saying the company's opportunity for share gains in North America is not reflected in the stock price. Citi raised its price target for shares to $68 from 56.
06:42 EDTHALHalliburton upgraded to Buy from Neutral at Citigroup
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06:19 EDTAAPLFoxconn could build new display plant in China, WSJ reports
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06:16 EDTAAPLApple implied volatility of 20 at lower end of index mean range
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06:08 EDTGOOGGoogle won't make additional investments in Himax Display, DigiTimes says
Himax announced that Google has decided not to exercise its purchase options to make additional investments in Himax Display, reports DigiTimes. Himax stated that Google will continue to work closely as a strategic partner on future technologies and products and will remain a board observer. Reference Link
06:07 EDTAAPLApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
16:00 EDTAAPLOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
09:39 EDTNFLX, AAPLActive equity options trading on open
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09:22 EDTAAPLNike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
09:19 EDTAAPLGT Advanced to wind down operations at Mesa facility
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08:17 EDTIBMIDC says IBM should look at Symantec info-management unit, Bloomberg reports
Analysts have said acquisitions would be a better use of IBM's (IBM) cash than share repurchases and IDC Corp. pointed to Symantec’s (SYMC) information-management division and cloud-storage provider Box as two logical options, reported Bloomberg's "Real M&A" column. Reference Link
07:45 EDTGOOGGoogle's DeepMind acqui-hires two AI teams in the U.K.
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07:15 EDTIBMIBM CEO: Improving margins 'more important' than sales growth, Bloomberg says
IBM CEO Ginni Rometty told the Boston College CEOs Club of Boston that boosting margins is more important than sales growth, Bloomberg reports. Reference Link
06:56 EDTAAPLSupply chain set to deliver 50M units of iPhone 6 in 2014, Digitimes says
Due to strong demand for Apple's iPhone 6, Pegatron and Foxconn will likely deliver close to 25M units each before the end of 2014, reports DigiTimes. The estimates do not includ eshipments of the iPhone 6 Plus. According to sources from the upstream supply chain, the supply ratio of the iPhone 6 and the iPhone 6 Plus in Asia Pacific countries is about 55:45 currently. Reference Link
06:49 EDTAAPLApple may raise payments to accelerate iPhone 6 Plus production, DigiTimes says
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06:30 EDTAAPLApple to increase Apple-brand retail stores in China to 40, WSJ reports
Apple CEO Tim Cook told Sina.com that the company plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, the Wall Street Journal reports. Cook also says Apple will increase investment in the country by an unspecified amount. Reference Link
06:05 EDTAAPLApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
16:00 EDTAAPL, NFLXOptions Update; October 23, 2014
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15:19 EDTAAPLBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
13:28 EDTAAPLApple to bring Apple Pay to iAd, DigiDay reports
Apple plans to bring Apple Pay ti iAd, its mobile ad network, reports DigiDay. According to those familiar with the developments, a new feature would integrate Apple Pay and iAd mobile ad network in the form of a tap-to-buy button embedded in mobile ads. Reference Link
13:19 EDTAAPLApple CEO, China discuss protection of users' information, Xinhua says
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13:14 EDTAAPL, GOOGMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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13:11 EDTGOOGFirm says Chromebook shipments surged 67% in Q2
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13:06 EDTNFLXEarnings Preview: Comcast reporting Q3 results as Time Warner deal progressing
Comcast (CMCSA, CMCSK) is set to report third quarter earnings before the market open on Thursday, October 23, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. On February 13, Comcast announced plans to merge with Time Warner Cable (TWC) in a deal valued at $45.2B. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $16.82B, according to First Call. The consensus range for EPS is 64c-76c on revenue of $16.5B-$17.17B. LAST QUARTER: Comcast reported second quarter EPS of 75c against estimates for 72c, on revenue of $16.84B against estimates for $16.95B. TIME WARNER CABLE DEAL: On August 17, The Wall Street Journal reported that the Federal Communications Commission said that one issue it must decide as it reviewed the proposed acquisition of Time Warner Cable is whether to allow Comcast to continue Time Warner Cable's arrangement to handle programming and technology acquisitions for cable operator Bright House Networks. On August 26, Engadget reported that Netflix (NFLX) filed a formal protest against the Time Warner Cable deal, saying that the merger would result in "serious public interest harm" and that a combined cable giant would have a huge amount of leverage over it and rivals such as Hulu. Hulu is a joint venture owned by Comcast along with Disney (DIS) and 21st Century Fox (FOX,FOXA). The New York Post reported on September 8 that Discovery (DISCA) believed Comcast's takeover of Time Warner Cable would give the merged entity an unfair advantage over programmers. That same day, Reuters said a proxy statement detailed that Time Warner Cable employees would split $416M if the merger deal with Comcast did not transpire. At the Goldman Sachs Communacopia Conference on September 10, Comcast said that it has made "a lot of progress" on the shareholder approval process for the Time Warner Cable deal, but expected the agreement to be finalized in early fiscal year 2015 versus the previous guidance of late 2014. The company expects the Time Warner Cable merger to generate $1.5B in operating expense synergies. On September 16, Comcast said at the Media, Communications and Entertainment Conference that it would reveal its capital plan at the close of the Time Warner Cable deal and noted at that time that "everything was on track" regarding the merger. The Wall Street Journal reported on September 30 that the FCC pushed for media companies to submit details of their programming agreements with Comcast prior to the Time Warner Cable deal. The FCC announced three days later that it extended time for the companies to file their replies on Comcast regarding the merger. On October 8, Comcast Shareholders approved stock issuance for the Time Warner Cable deal and the next day, Time Warner Cable stockholders approved the Comcast merger deal. STREET RESEARCH: Analysts remained fairly quiet on Comcast throughout the quarter. On September 9, UBS raised its price target on Comcast to $72 from $60 given its strong underlying fundamentals and the expected free cash flow accretion from the Time Warner Cable deal. The firm also said it expected Comcast to accelerate its stock buyback and increase its dividend. UBS kept its Buy rating on the stock. On October 17, Goldman Sachs said that Comcast was its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. The firm maintained the stock with a Buy rating and a $64 price target. PRICE ACTION: Since the first day of trade following its Q2 report on July 22, shares of Comcast are down about 3.5%. Since it announced its deal with Time Warner Cable on February 13, shares of the media company have fallen just under 6%. In late-morning trade ahead of tomorrow’s Q3 report, shares of Comcast are down fractionally.
13:06 EDTGOOGGoogle introduces Inbox on blog
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12:53 EDTAAPLSome BofA customers charged twice by Apple Pay, CNN Money reports
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11:06 EDTIBMRumor: IBM moves up amid speculation Buffet has increased his position
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:21 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
09:07 EDTIBMIBM and Microsoft partner for hybrid cloud services
IBM (IBM) and Microsoft (MSFT) are working to provide their respective enterprise software on Microsoft Azure and IBM Cloud. IBM and Microsoft will make key IBM middleware such as WebSphere Liberty, MQ, and DB2 available on Microsoft Azure. Windows Server and SQL Server will be offered on IBM Cloud. IBM and Microsoft are working together to deliver a Microsoft .NET runtime for IBM's Bluemix cloud development platform. The companies will enable customers to bring their own software licenses to the IBM and Microsoft clouds.
06:41 EDTAAPLReport says Apple head, Chinese official discussed data security, Reuters says
A report from Chinese news agency Xinhua explained that Apple CEO Tim Cook met with a top government official in the country to talk about user data security, according to Reuters, citing the report. The meeting occurred right after a Chinese web monitoring agency published a report which claimed that Apple clients in the country have been the target of a cyber attack from hackers. Reference Link
06:24 EDTGOOGGoogle announces continued progress on fighting piracy
Google is refining its search algorithm designed to demote links to sites featuring content that allegedly infringes on copyrights, the company said in a blog post. Google says "We’ve now refined the signal in ways we expect to visibly affect the rankings of some of the most notorious sites. This update will roll out globally starting next week." Reference Link
06:16 EDTAAPLApple implied volatility of 21 at lower end of index mean range
06:14 EDTNFLXStocks with implied volatility below IV index mean; XLNX NFLX
Stocks with implied volatility below IV index mean; Xilinx (XLNX) 24, Netflix (NFLX) 35 according to iVolatility.
06:09 EDTIBMLufthansa nears agreement with IBM for IT infrastructure division
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October 21, 2014
19:34 EDTAAPLGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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18:33 EDTAAPLIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:38 EDTGOOGHimax announces Google will not exercise additional investment option in company
Himax Technologies (HIMX) announced that Google (GOOG) has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display. Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer." Shares of Himax are down 13.7% following the report.
17:23 EDTAAPLCarl Icahn says investment in Apple 'no brainer'
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16:36 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:00 EDTNFLX, AAPLOptions Update; October 21, 2014
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14:04 EDTAAPLEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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13:52 EDTGOOGGoogle acquires Firebase, terms not disclosed
Google announced on its Google Cloud Platform blog that it has acquired Firebase, which "makes it very easy for developers to build mobile and web apps that store and sync data in realtime." Google comments, "By combining Firebase with Google Cloud Platform, we’ll be able to build the best end-to-end platform for mobile application development. If you’re already a Firebase developer, you’ll start seeing improvements right away and if you’re a Google Cloud Platform customer, you’ll find it even easier to create great mobile and web apps. The entire Firebase team is joining Google and, under the leadership of Firebase co-founders James Tamplin and Andrew Lee, will be working hard to bring you great new features. Not only will the products you already love continue to get better, but you’ll also gain access to the full power of Google Cloud Platform. At Google Cloud Platform Live on November 4, we’ll be demonstrating new Firebase features and integrations with Cloud Platform." Reference Link
13:43 EDTAAPLApple says iCloud attack involves website, servers not comprised
Apple told CNBC that its aware of network attacks on iCloud users and that its servers were not compromised. The attacks involved the iCloud.com website.
13:27 EDTCSXCSX comes off intraday high after CP says done exploring merger
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13:09 EDTAAPLEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
12:57 EDTAAPLOn The Fly: Midday Wrap
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12:36 EDTAAPLNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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12:09 EDTAAPLEinhorn says Apple 'pretty much working on all cyliinders'
David Einhorn of Greenlight Capital is speaking on CNBC.
12:06 EDTHALStocks with call strike movement; HAL EOG
Halliburton (HAL) January 60 call option implied volatility decreased 8% to 60, EOG Resources (EOG) January 105 call option implied volatility decreased 4% to 31 according to IVolatility.
11:26 EDTAAPLMcDonald's sees U.S. dollar hurting Q4 EPS by 5c-6c, FY14 EPS by 9c-10c
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11:20 EDTGOOGData says open-source Android OS could threaten revenue, Information says
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10:29 EDTAAPLGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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10:16 EDTIBMIBM continues its post-earnings downside, levels to watch
The stock is down over 3.4% to $163.10 at time of writing. At that price next support is at $161.37 and then at $160.04. Resistance is at $165.21.
10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
10:00 EDTHALOn The Fly: Analyst Upgrade Summary
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:15 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
08:35 EDTAAPLOn Track Innovations, USA Technologies ready for Apple Pay
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08:09 EDTAAPLEnvivio puts Halo over full Apple product line
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07:59 EDTAAPLApple price target raised to $120 form $115 at Canaccord
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07:50 EDTIBMIBM price target lowered to $125 from $160 at Credit Suisse
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07:45 EDTAAPLApple price target raised to $128 from $112 at BTIG
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07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:17 EDTAAPLApple price target raised $120, iPhone 6 cycle to continue, say Barclays
Barclays raised Apple's price target to $120 from $116 and raised estimates following the Q4 beat. The firm expects the iPhone 6 cycle to drive earnings acceleration over the next several quarters before new products become growth drivers. The firm sees margin upside given mix shift towards the iPhone 6 and expects new services to be a meaningful contributor in 2015. Shares are Overweight rated.
07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
06:49 EDTAAPLApple price target raised to $143 from $123 at Cantor
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06:40 EDTIBMForrester: Adobe becomes marketing cloud leader, VentureBeat reports
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06:29 EDTIBMIBM downgraded to Hold from Buy at Evercore
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06:27 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 26, Netflix (NFLX) 38 according to iVolatility.
06:21 EDTAAPLApple shares expected to be range bound at Deutsche Bank
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06:16 EDTAAPLApple not planning to report sales of smartwatch, WSJ reports
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06:15 EDTHALHalliburton upgraded to Buy from Neutral at Guggenheim
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06:12 EDTAAPLApple to supply more iPhone 6 Plus to satisfy China demand, DigiTimes reports
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06:07 EDTIBMIBM downgraded to Hold from Buy at Evercore
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06:05 EDTAAPLApple guidance shows product theme intact, says Piper Jaffray
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October 20, 2014
19:59 EDTAAPLApple iCloud may have been attacked by Chinese hackers, Reuters reports
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18:51 EDTAAPLOn The Fly: After Hours Movers
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18:36 EDTAAPLChipotle considering Apple Pay support in 2015
Comment was made in Q3 earnings call.
18:22 EDTAAPLSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
18:07 EDTAAPLApple CEO says only 20% of its phones sold in China are with subsidy
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17:39 EDTAAPLApple CEO says 'We’re selling everything we make'
17:31 EDTAAPLApple CFO says strengthening U.S. dollar becoming 'significant' headwind
17:27 EDTAAPLApple CEO says Apple Pay will help company sell more devices
17:17 EDTAAPLApple spent $17B in Q4 on returning money to shareholders
The company spent $45B in the last year on returning money to shareholders.
17:14 EDTAAPLApple CFO says iPhone sales grew in emerging markets
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17:06 EDTAAPLApple says Q4 revenue growth rate strongest in seven quarters
17:04 EDTAAPLApple CEO says demand for new iPhone 'staggering'
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16:36 EDTAAPLApple CEO says product lineup 'strongest' ever into holiday
Apple CEO Tim Cook said in today's earnings release, "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
16:34 EDTAAPLApple shares up 1% to $101 following Q4 results
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16:34 EDTAAPLApple declares Q4 dividend of 47c
Apple’s board has declared a cash dividend of 47c per share of the company’s common stock. The dividend is payable on November 13, to shareholders of record as of the close of business on November 10.
16:33 EDTAAPLApple reports Q4 gross margin 38% vs. 37% last year
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16:33 EDTAAPLApple reports Q4 iPhone units 39.27M vs. 35.2M last quarter
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16:31 EDTAAPLApple sees Q1 revenue $63.5B-$66.5B, consensus $63.52B
Sees Q1 gross margin 37.5%-38.5%, operating expenses between $5.4B-$5.5B and tax rate of 26.5%.
16:30 EDTAAPLApple reports Q4 EPS $1.42, consensus $1.31
Reports Q4 revenue $42.1B, consensus $39.85B.
16:20 EDTIBMOn The Fly: Closing Wrap
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16:14 EDTAAPLGroupon updates IPhone app to include Apple Pay
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16:00 EDTAAPL, NFLXOptions Update; October 20, 2014
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15:30 EDTAAPLNotable companies reporting after market close
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15:06 EDTIBMIBM price target lowered to $198 from $220 at Cantor
Cantor lowered its price target on IBM to $198 from $220 following the company's Q3 results and withdrawal of its FY15 EPS guidance. However, the firm believes the company has been undergoing a transition over the past few quarters and that the Q3 results are a "near-term speed bump" for IBM, on which it keeps a Buy rating.
14:53 EDTAAPLAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
14:50 EDTAAPLApple October weekly 99 straddle priced for 4.3% move into Q4
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14:00 EDTAAPLEarnings Preview: Apple to report after iPhone 6, iPad Air 2 announcements
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13:40 EDTGOOGVringo says Court of Appeals invites Google to respond to en banc petition
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13:37 EDTAAPLApple may look to cut prices for Beats Music service by half, Re/code reports
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12:37 EDTIBMOn The Fly: Midday Wrap
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12:32 EDTAAPLCooperman says still owns Apple, analyst says buy more
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12:16 EDTCSXCanadian Pacific still interested in consolidation, says UBS
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12:09 EDTIBMIBM hits 52 week low after earnings miss, 2015 profit target dropped
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12:01 EDTNFLXNetflix, Amazon recomended as short ideas by Fred Wilson, Bloomberg reports
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11:49 EDTAAPLSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprint’s 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
11:08 EDTAAPLApple October weekly volatility elevated into Q4
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11:06 EDTAAPLWalgreen begins accepting Apple Pay in stores
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10:55 EDTAAPLApple technical comments ahead of earnings
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10:25 EDTIBMIBM CEO says company already has been aggressive on changing
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10:09 EDTIBMIBM hits fresh 52-week low after miss, levels to watch
Shares hit a fresh 52-week low earlier in the session at $166.71 but have bounced fractionally since then. That new low is now support. Resistance is at $172.99.
09:36 EDTAAPL, GOOGActive equity options trading on open
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09:31 EDTGOOGRobinhood.org to hold conference
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09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:22 EDTHAL, IBM, CSXOn The Fly: Pre-market Movers
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09:22 EDTHALHalliburton sees Q4 North American revenue and margins flat to modestly higher
09:21 EDTHALHalliburton expects dividend to be be equal to at least 15%-20% of net income
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09:15 EDTHALHalliburton: We do not see momentum slowing anytime soon
Halliburton should begin to see impact of new contract pricing as company moves into 2015. Experienced some disruptions in early Q3 due to sand deliveries and nearly missed jobs, but company said it has taken actions to "get ahead of this issue going forward." Says Eastern Hemisphere activity expanding at a steady rate, expects to deliver double digit revenue growth in 2014. Expects Q4 in Eastern Hemisphere to be strongest quarter of the year due to seasonality. Looking ahead to 2015, rate of growth in Eastern Hemisphere may moderate due geopolitical issues. Expects to outpace peers in revenue growth. Expects to be at full operational capacity in Mexico, and excited about energy reform in Mexico. Expects to operate under more profitable contract in Q1 for Brazil. Expects a "much stronger 2015" with potential in the coming years. In the long term, believes lower oil prices is not sustainable, with supply and demand to be back in balance in a relatively short amount of time. Comments taken from Q3 earnings conference call.
09:13 EDTIBMIBM says acquistions meant to supplement, not transform, Enterprise business
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09:01 EDTAAPLOffice Depot stores now accept Apple Pay
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08:44 EDTIBM, AAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:34 EDTIBMIBM lowers FY14 free cash flow view to $12B-$13B
08:32 EDTIBMIBM sees taking workforce rebalancing charge of up to $600M in Q4
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08:32 EDTAAPLFirst Tennessee to offer Apple Pay
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08:20 EDTIBMIBM says some fundamental industry shifts happening faster than planned
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08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
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07:21 EDTIBMIBM sees $1.5B pretax gain related to deal with Lenovo Group
IBM (IBM) announced that on October 1 the company and Lenovo (LNVGY) completed the initial closing of the sale of IBM’s industry standard server business to Lenovo. The transition began on October 1 in countries that are part of the initial closing, which included most major markets. The transaction is expected to close later this year in most other countries which have a larger business footprint, with the remaining countries following in early 2015. The transaction price is approximately $2.1B and as consideration, IBM received $1.8B in cash, with the remaining consideration paid in Lenovo stock. IBM expects to recognize a total pre-tax gain on the sale of approximately $1.5B, which does not include associated costs related to transition and performance-based costs. Net of these charges, the gain is approximately $1.0B. Almost all of the gains will be booked in the fourth quarter of 2014, with the remaining portion expected beyond 2014, IBM stated.
07:18 EDTIBMIBM sees FY14 operating EPS down (4%)-(2%) from $16.64 in FY13
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07:16 EDTIBMIBM no longer expects 'at least' $20 operating EPS in 2015
FY15 EPS consensus $19.75. Says will provide view of 2015 in January. Comment from slides for Q3 earnings call.
07:08 EDTIBMIBM sees deal with Globalfoundries closing in 2015
07:08 EDTIBMIBM expects to request additional share repurchase authorization at Oct. meeting
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07:07 EDTIBMIBM reports Q3 Global Services segment revenue down 3% to $13.7B
Revenues from the Software segment were $5.7B. Revenues from continuing operations from the Systems and Technology segment totaled $2.4B. The company’s total gross profit margin from continuing operations was 48.6 percent in the 2014 third-quarter period compared with 49.0 percent in the 2013 third-quarter period. Total operating gross profit margin from continuing operations was 49.2 percent in the 2014 third-quarter compared with 50.1 percent in the 2013 third-quarter period.
07:06 EDTIBMIBM committed to returning value to shareholders through dividends, repurchases
07:05 EDTIBMIBM reports Q3 EPS $3.68, consensus $4.32
Reports Q3 revenue $22.4B, consensus $23.37B. We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry. While we did not produce the results we expected to achieve, we again performed well in our strategic growth areas – cloud, data and analytics, security, social and mobile - where we continue to shift our business. We will accelerate this transformation,” said Ginni Rometty, IBM chairman, president and CEO.
07:03 EDTHALHalliburton reports Q3 C&P revenue $5.4B, D&E revenue $3.3B
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07:02 EDTCSXCanadian Pacific confirms termination of exploratory talks with CSX
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07:02 EDTHALHalliburton reports Q3 EPS ex-items $1.19, consensus $1.10
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06:55 EDTHALHalliburton board increases quarterly dividend by 20% to 18c
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06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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06:22 EDTGOOGYouTube's Robert Kyncl considering leaving company, NY Post reports
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06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
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06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
06:01 EDTGOOGGoogle's Hiroshi Lockheimer overseeing Android, Chrome engineering, WSJ says
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06:01 EDTNFLXStocks with implied volatility below IV index mean; EBAY NFLX
Stocks with implied volatility below IV index mean; eBay (EBAY) 27, Netflix (NFLX) 40 according to iVolatility.
October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
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17:42 EDTIBMIBM to make 'major business announcement'
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October 17, 2014
16:55 EDTGOOG, AAPL, NFLXStocks end volatile week lower amid oil price plunge
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16:01 EDTAAPLOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:46 EDTAAPLApple October weekly volatility elevated into Q4
Apple October weekly call option implied volatility is at 41, November is at 28, December is at 26, January is at 25 compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 on October 20.
12:38 EDTNFLXNetflix shares 'so far underpriced right now its amazing,' says Cuban
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12:17 EDTNFLXMark Cuban says buying Netflix shares, sees company as M&A target
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11:38 EDTNFLXCuban say buying Netflix stock, predicts 'someone will try to buy them'
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10:58 EDTNFLXHBO streaming service may cost around $15 a month, The Information reports
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10:00 EDTIBMOn The Fly: Analyst Initiation Summary
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09:38 EDTNFLX, AAPL, GOOGActive equity options trading on
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09:32 EDTAAPLVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
07:53 EDTAAPL, GOOGFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:24 EDTNFLXStocks with implied volatility below IV index mean; HPQ NFLX
Stocks with implied volatility below IV index mean; HP (HPQ) 31, Netflix (NFLX) 40 according to iVolatility.
06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPL, GOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:55 EDTCSXStocks with implied volatility movement; ABBV CSX
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05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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