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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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March 6, 2015
18:47 EDTGOOGGoogle to create version of Android to run virtual reality apps, WSJ says
In an effort to compete with Facebook (FB) after its purchase of Oculus VR, Google (GOOG) has organized a team of engineers to create a version of Android to power virtual-reality applications, The Wall Street Journal reports. Reference Link
16:32 EDTAAPLStocks finish week lower as U.S. job market heats up, China cuts growth target
Stocks finished the week lower after the U.S. reported that the economy had created more jobs than expected last month, leading to speculation that the Fed will raise interest rates sooner than later. Also, China's government estimated that its economic growth would slow this year. MACRO NEWS: U.S. nonfarm payrolls rose 295,000 in February, easily topping expectations for the addition of 235,000 jobs. The news led to speculation that the Fed would raise interest rates sooner rather than later and helped trigger a sharp decline in stocks in the last trading day of the week... U.S. economic data other than the jobs report was mixed, as personal income for January and weekly jobless claims were worse than expected, but a services sector index for February and a manufacturing index for February surpassed expectations... China said it expects its economy to grow "about 7%" this year, versus last year's 7.4% growth. The 7% target is the country's lowest in more than a decade. COMPANY NEWS: Apple (AAPL) will replace AT&T (T) in the Dow Jones Industrial Average after the close of trading on Wednesday, March 18, S&P Dow Jones Indices announced... On the M&A front, AbbVie (ABBV) agreed to buy hematologic cancer drug maker Pharmacyclics (PCYC) for $261.25 per share, or $21B. A number of analysts wrote that AbbVie paid too high of a price, since AbbVie shares profits on its flagship drug, Imbruvica, equally with Johnson & Johnson (JNJ). Media reports hours prior to the deal was announced said J&J was close to buying its partner... NXP Semiconductors (NXPI) and Freescale (FSL) advanced after the two companies agreed to merge in a deal which values the combined enterprise at just over $40B. After the deal closes, Freescale shareholders will own approximately 32% of the combined company... Cardinal Health (CAH) announced plans to acquire Johnson & Johnson's cardiology and endovascular device business for $1.94B in cash and Boston Scientific (BSX) struck a deal to buy the American Medical Systems' urology portfolio from Endo International (ENDP) for up to $1.65B... During an investor meeting, Target (TGT) announced that it would reduce its expenses by $2B over the next two years, provided in-line fiscal 2015 EPS guidance, and estimated that its EPS would grow at an annual rate of 10% during 2016 and beyond... All 31 banks examined by the Federal Reserve passed their annual Dodd-Frank stress test, which measures how the banks would fare in a "severely adverse" macroeconomic scenario... Orexigen (OREX) rallied after the company disclosed that its weight loss drug, Contrave, demonstrated a statistically significant benefit over placebo for cardiovascular events... The FDA approved the use of Bristol-Myers' (BMY) Opdivo drug as a treatment for a specific type of lung cancer... Chinese solar stocks jumped after Canadian Solar (CSIQ) announced that it was pursuing plans to launch a yieldco. A yieldco is a publicly traded company that owns energy assets and pays dividends that are taxed at low rates. INDEXES: For the week, the Dow fell 1.53% to 17,856.78, the Nasdaq dropped 0.73% to 4,927.37, and the S&P 500 declined 1.57% to 2,071.26.
16:21 EDTAAPLOn The Fly: Closing Wrap
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16:02 EDTAAPL, NFLXOptions Update; March 6, 2015
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14:32 EDTAAPLApple Watch to have 2.5-4 hours of battery life during intense use, 9to5mac says
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12:35 EDTAAPLOn The Fly: Midday Wrap
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11:37 EDTGOOGFacebook said to be developing ad exchange, AdAge says
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10:45 EDTGOOGCiti latest to say Google concerns have been overblown
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10:33 EDTAAPLApple seeking exclusive music launches for streaming service, Re/code says
Apple is reportedly negotiating with music labels to get exclusive music launches on its forthcoming streaming music service, reports Re/code, citing sources who have spoken with company executives. Apple aims to have artists launch new music on its service before launching elsewhere. Company executives have also stated they see the need for a paywall in the music industry, distancing themselves from rivals such as Spotify that offer ad-supported but free-to-use services. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YY TWTR C FB TSLA MNKD BIDU
09:15 EDTAAPLFossil fundamentals strong despite Apple Watch launch, says Jefferies
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09:12 EDTAAPLApple trades up on addition to Dow Jones Industrial Average
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09:11 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: YY Inc. (YY), up 8.6%... Skullcandy (SKUL), up 7.1%... Foot Locker (FL), up 5.5%... Finisar (FNSR), up 5.5%... AVEO Pharmaceuticals (AVEO), up 17.6% after reporting fourth quarter results and results from BATON-CRC study. ALSO HIGHER: Calithera Biosciences (CALA), up 37.1% after gaining license to TransTech hexokinase inhibitors... Ascent Solar (ASTI), up 9% after announcing partnership with Micro Center... Bank of America (BAC), up 2.4% following results of 2015 Dodd-Frank Stress Test. NOTABLE: Apple (AAPL), up 1.3% after taking AT&T's (T) spot in Dow Jones Industrial Average. AT&T is down 1.4%. DOWN AFTER EARNINGS: Violin Memory (VMEM), down 8.8%... Staples (SPLS), down 2.2%. ALSO LOWER: Sunshine Heart (SSH), down 30.8% after halting study enrollment after four patient deaths... AEterna Zentaris (AEZS), down 32.1% after raising $37M in a common stock and warrant offering... Conatus Pharmaceuticals (CNAT), down 14.4% following resignation of Chief Medical Officer... Darling Ingredients (DAR), down 2.4% after being downgraded to Neutral from Conviction Buy at Goldman... Lululemon (LULU), down 3.5% after being downgraded to Sell from Neutral at Goldman.
09:07 EDTAAPLApple to take AT&T's spot in Dow Jones Industrial Average
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09:06 EDTAAPLApple volatility up into replacing AT&T in Dow Jones Industrial Average
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09:02 EDTAAPLApple to replace AT&T in Dow Jones Industrial Average
08:05 EDTAAPLApple Watch unlikely to meet expectations, says Pacific Crest
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07:16 EDTAAPLApple may charge $7.99 per month for music streaming service, 9to5Mac says
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07:13 EDTAAPLApple monitor shows iPhone demand better than expected, say UBS
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07:11 EDTAAPLApple March volatility elevated into Spring Forward event
Apple March weekly call option implied volatility is at 31, March is at 27, April is at 26; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into Spring Forward event on March 9.
06:57 EDTGOOGGoogle pursues commercialization rather than DARPA contract for robot, WSJ says
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06:25 EDTGOOGGoogle cell service may initially be restricted to Nexus phones, WSJ says
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06:18 EDTAAPLApple Pay hit by credit card fraud, WSJ says
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06:15 EDTGOOGGoogle price target raised to $682 from $629 at Citigroup
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06:00 EDTAAPLStrategy Analytics: Apple to be number one smartwatch vendor, DigiTimes says
Strategy Analytics said Apple Watch will ship 15M units in 2015, reports DigiTimes. The firm said Apple will quickly become the world's number one smartwatch vendor and capture 55% global market share in 2015. Reference Link
March 5, 2015
16:00 EDTAAPLOptions Update; March 5, 2015
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14:56 EDTAAPLApple music streaming service may debut June 8, TechCrunch says
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14:40 EDTGOOGGoogle launches car insurance comparison service
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13:00 EDTAAPLSamsung's new Galaxy to provide double the memory of Apple's iPhones, BI reports
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12:41 EDTAAPLApple slips after Deutsche sees watch having limited impact on results
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11:46 EDTAAPLAscent Solar rallies after release of Battery & Solar case for iPhone 6
Earlier today, Ascent Solar Technologies (ASTI) announced the immediate availability of the company’s Battery & Solar case for the iPhone 6 (AAPL), the EnerPlex Surfr. The company added, "The Surfr is available now at goenerplex.com as well as select retail partners. The Surfr Battery and Solar case for the iPhone 6 is the first Apple MFi certified case to integrate both battery storage as well as solar charging capability into a sleek, thin and compact design. Enabling more than 10 hours of extra talk time as well as doubled video and audio capacity, the Surfr keeps iPhone users powered up throughout their day without needing to be constantly on watch for an outlet." Shares of Ascent Solar are up almost 11% in late morning trading.
09:36 EDTAAPLActive equity options trading on open
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09:24 EDTGOOGGoogle rumored to collaborate with Huawei on Nexus phone, CNet says
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08:29 EDTAAPLApple files patent for moisture resistance technolgy for mobile devices
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06:53 EDTAAPLApple may release iPhone 6s with more RAM, unlocked SIM card, AppleInsider says
Apple's (AAPL) upcoming iPhone 6s will reportedly include 2 gigabytes of RAM memory, reports AppleInsider, citing a person familiar with the company's plans. The source also stated Apple is considering shipping the 6s with an Apple SIM card to allow users to switch carriers at any time, a move likely to promp pushback from large carriers such as T-Mobile (TMUS), Verizon (VZ), and AT&T (T). Reference Link
06:45 EDTAAPLDeutsche sees Watch as limited growth driver for Apple
Deutsche Bank says that while it remains positive on the Apple Watch, it sees the device as a limited growth driver for Apple over the next few years. Deutsche currently expects Apple will ship 17.6M Watches in 2015 with an average selling price of $350. While adding some upside, the watch has "limited ability to move the needle," the firm told investors today. It feels Apple shares are fairly valued at current levels and keeps a Hold rating on the name with a $110 price target. The stock closed yesterday down 82c to $128.54.
06:32 EDTAAPLBMW says not in talks with Apple about building car, Reuters reports
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06:08 EDTAAPLDevelopers: Apple limiting Apple Watch features to help battery life, BI reports
Developers say Apple is limiting what apps for the Apple Watch is capable of in order to ensure a smooth launch and decent battery life, Business Insider reports. Reference Link
06:08 EDTAAPLWal-Mart CFO believes mobile payment is the future, WSJ says
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05:45 EDTAAPLApple to use Oxide display for 12.9-inch iPad, DigiTimes report9
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March 4, 2015
17:41 EDTAAPLAlphaOne's Dan Niles likes Apple as long idea
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17:35 EDTAAPLApple delays larger iPad on panel challenges, Bloomberg says
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17:26 EDTAAPLApple said to delay making larger iPad due to panel challenges, Bloomberg says
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16:02 EDTNFLX, AAPLOptions Update; March 4, 2015
iPath S&P 500 VIX Short-Term Futures down 6c to 27.22. Option volume leaders: AAPL TSLA TWTR AA PBR NFLX MNKD FB BMY C according to Track Data.
15:17 EDTNFLX, AAPLHBO in talks to have Apple TV on board for HBO Now launch, IBT says
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15:14 EDTNFLX, AAPLTime Warner in talks for Apple to be HBO Now launch partner, CNBC says
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13:57 EDTNFLXNetflix CFO: Consumers, society benefit from strong net neutrality
13:52 EDTNFLXNetflix CFO: Increasingly confident that the Netflix business model works
Says witnessing more brand awareness. Says excited about possibility to cross-pollinate world content. Says seeing more use of online video in market. Says Japan is a great opportunity as there is significant high speed internet penetration. Says Latin America is "poised for development."
13:48 EDTGOOG, AAPLJudge issues prelim approval for $415M anti-poaching settlement, Reuters says
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13:35 EDTNFLXNetflix drops 1% after CFO says expects domestic growth rate to slow
13:33 EDTNFLXNetflix CFO: Average subscription price will likely increase
13:31 EDTNFLXNetflix CFO: 'Tons of growth' remaining in domestic market
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13:21 EDTNFLXNetflix CFO: Will continue to increase global footprint
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12:11 EDTIBMIBM announces SoftLayer to offer OpenPOWER-based servers
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10:06 EDTAAPLApple Watch sales script revealed, 9to5Mac says
The Apple Watch sales script distributed to retail stores states, "Many customers have already decided they want an Apple Watch," reports 9to5Mac. Suggested sales tactics include asking whether the consumer is purchasing the watch "for a special occasion," revealing Apple may believe the Watch has appeal as an expensive gift, a perspective previously absent from iPhone sales pitches. The script also coaches employees to ask consumers whether their current iPhone is compatible with the Watch, and if not, attempt to sell a compatible iPhone 5 or 6 model. Reference Link
09:43 EDTCSXCSX still targets double-digit EPS growth for FY15, though goal more challenging
CSX CFO Fredrik Eliasson stated at a conference: "We continue to expect strong earnings growth in the first quarter as merchandise and intermodal customers see growth opportunities and recognize the value and efficiency of freight rail service. By leveraging price and efficiency gains combined with expected volume increases, we continue to target double-digit earnings growth for the full-year 2015, though achieving that goal will be more challenging with the expected decline in coal movements." CSX FY15 EPS consensus $2.15.
09:41 EDTCSXCSX now sees Q1 domestic coal volume to decline at least 5%
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA AMZN CELG MCD SINA TSLA V TWTR PBR
09:22 EDTAAPLU.S. Court of Appeals for the Federal Circuit hears Apple vs Samsung
The Court hears arguments over damages where Apple asks that Samsung remove certain features (slide unlock, auto-correct) from its phones for patent infringement but Samsung argues doing so is too onerous andn how much in damages Samsung owes Apple for failure to remove the specified features in a hearing being held at the U.S. Court of Appeals in Washington, D.C. on March 4 at 10 am.
09:21 EDTHALEstimates on U.S. drillers cut at UBS
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09:14 EDTAAPLApple plans to reveal Retina MacBook Air March 9, The Michael Report says
Apple plans to reveal its Retina MacBook Air at its March 9 "Spring Forward" event, says The Michael Report, citing Apple sources familiar with the matter. Reference Link
08:57 EDTGOOGNvidia to release $199 video game console in May, CNet says
Nvidia (NVDA) is developing a video game console called "Shield," reports CNet, citing a company presentation at the Game Developer's Conference. The console will include Google (GOOG) Android software to allow content streaming from Android smartphone and tablets, and will also include Nvidia's Grid service to allow streaming of videogames directly to the console. Nvidia plans a May launch for the console in the U.S., with pricing set at $199. Reference Link
08:26 EDTIBMIBM acquires AlchemyAPI, financial terms not disclosed
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07:22 EDTAAPLBanks, not Apple, on hook for 'post-Apple Pay fraud,' says Trustev
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07:21 EDTAAPLApple volatility elevated into Spring Forward event
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07:21 EDTNFLXMorgan Stanley to hold a conference
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06:50 EDTGOOG, AAPLPiper sees two catalysts for Google shares in 2015
Piper Jaffray analyst Gene Munster says near-term investor concerns with regards to Google (GOOG) shares are overblown. Munster thinks investors are concerned that Google will lose its search deal with Apple’s (AAPL) Safari and that the search giant’s investments have pressured margins. He believes, however, that if Google were to lose Safari, the company will likely gain back that lost share within a year. Further, Munster believes Google's investments in robotics, self-driving cars, fiber, wireless and augmented reality will yield longer term revenue growth. The analyst views the resolution of the Safari deal and the possibility for cost-per-clicks turning positive for the first time since September 2011 as catalysts for the stock in 2015. Munster reiterates an Overweight rating on Google with a $630 price target. The stock closed Tuesday up $3.77 to $578.79.
06:46 EDTAAPLApple in talks to settle A123's lawsuit, Reuters reports
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06:33 EDTIBMHP, IBM, others could be interested in Novetta, Reuters reports
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06:31 EDTAAPL, GOOGGartner: Apple sold more smartphones than Samsung in Q4
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06:30 EDTGOOGGoogle looking to expand wireless service, WSJ says
Google is looking into expanding wireless services by launching a conventional wireless offering and freeing a large amount of inexpensive airways for public use, reports the Wall Street Journal. Reference Link
06:16 EDTGOOG, AAPLApple, Google develop fix for 'Freak' cybersecurity flaw, Reuters says
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06:10 EDTAAPLApple Pay seeing high fraud rates, WSJ says
Banks are experiencing a relatively high amount of fraud on the Apple Pay service, reports the Wall Street Journal's Digits blog, citing people familiar with the matter. Criminals are reportedly exploiting vulnerabilities in the credit card verification process, though banks say they are tightening loopholes. Mobile payment expert Cherian Abraham stated it is not uncommon to see Apple Pay fraud rates as high as 6%, versus a roughly 0.1% fraud rate with plastic cards. Reference Link
March 3, 2015
16:01 EDTAAPLOptions Update; March 3, 2015
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13:47 EDTGOOGTwitter CFO says Google integration underway
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11:55 EDTGOOG, AAPLUBS, BofA get more positive on Google outlook
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10:07 EDTGOOGGoogle CEO meets with EU anti-trust chief, WSJ says
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09:35 EDTNFLX, GOOG, AAPLActive equity options trading on open
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08:30 EDTGOOG, AAPLVisa should benefit from proliferation of token services, says Pacific Crest
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08:21 EDTNFLXNetflix may enter China alone, export Chinese content, Reuters reports
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08:13 EDTAAPLApple price target raised to $155 from $115 at Oppenheimer
Oppenheimer increased its price target on Apple as the firm expects the company's Apple Watch to be superior to the competition in several ways, and believes that it is "an efficient extension of the smartphone" and "a facilitator of intimate personal communications." The firm predicts that the device will significantly boost Apple's revenue and margins. Oppenheimer keeps an Outperform rating on Apple.
07:50 EDTGOOGGoogle much better positioned than many believe, says UBS
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07:27 EDTIBMMorgan Stanley to hold a conference
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07:21 EDTGOOGOculus hires away Google executive Mary Lou Jepsen, Re/code says
Facebook's (FB) Oculus has hired away Google (GOOG) executive Mary Lou Jepsen, reports Re/code, citing sources familiar with the move and a Facebook spokesperson. Jepsen was the head of Google X's display division. Reference Link
06:41 EDTAAPLPiper says Apple Watch price could approach $600
Piper Jaffray analyst Gene Munster believes the average selling price for the upcoming Apple Watch could be closer to $575-$600, above his current estimate of $500, when adding in additional bands. Munster sees the potential for higher segment gross margins than previously thought. He points out his 2015 Watch estimate remains at 8M units, well below the Street's 14M. Munster keeps an Overweight rating on Apple with a $160 price target.
06:24 EDTGOOG, AAPLApple-Google proposed $415M settlement headed towards approval, Reuters says
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06:16 EDTGOOGJudge pauses attorney general piracy probe against Google, AP says
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March 2, 2015
16:02 EDTNFLX, AAPL, GOOGOptions Update; March 2, 2015
iPath S&P 500 VIX Short-Term Futures down 91c to 26.70. Option volume leaders: AAPL TSLA TWTR MBI MCD NFLX AMZN GOOG BAC C according to Track Data.
14:23 EDTGOOGGoogle upgraded to Buy with $650 price target at BofA/Merrill
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14:03 EDTGOOGGoogle upgraded to Buy from Neutral at BofA/Merrill
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13:07 EDTAAPL, GOOGPayPal reveals new physical card reader, Venture Beat says
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13:05 EDTGOOGGoogle confirms intent to launch U.S. wireless service, WSJ says
Speaking at an industry conference in Barcelona, Sundar Pichai, who oversees Google’s (GOOG) mobile operating system Android, said the search giant will launch a small scale U.S. wireless service with details to be unveiled in the months ahead, says the Wall Street Journal. Other companies in the space include Verizon (VZ), AT&T (T), Sprint (S) and T-Mobile (TMUS). Reference Link
11:39 EDTGOOGFidelity Contrafund cuts Google stake to 5.2% of net assets, Reuters reports
Fidelity Contrafund, one of Google's largest investors, has cut its stake in the search giant to 5.2% of net assets at January 31 from 7.3% of net assets as of June 30, Reuters reports. Fidelity Investments portfolio manager Will Danoff explains that "The firm continued to do phenomenally innovative things, but it is fighting a shift away from desktop search to less-expensive searches on mobile phones." Reference Link
10:55 EDTAAPLApple Watch expected to be available outside U.S. in April, 9to5Mac reports
The Apple Watch will not be exclusive to the United States when it launches next month, reports 9to5Mac. According to employees in attendance when CEO Tim Cook spoke at the Berlin Apple Store last week, Cook said the watch will launch in Germany during the same month as the U.S. Reference Link
10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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10:00 EDTIBMOn The Fly: Analyst Downgrade Summary
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09:34 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MNTA CELG TSLA MCD ARUN GILD KO TWTR NFLX
09:16 EDTAAPLSamsung Pay could 'dwarf' Apple Pay, says Jefferies
Jefferies says Samsung Pay has the potential to "dwarf" Apple (AAPL) Pay since it targets the vast majority of currently installed payment terminals which utilize conventional magstripe technology, versus Apple's payment system which is limited in its acceptance by the availability of NFC-capable terminals. Jefferies believes Samsung's Galaxy S6/S6 Edge integrates Magnetic Secure Transmission technology acquired from LoopPay within its batteries. It views Samsung Pay as the biggest positive surprise of Samsung's new phone.
09:14 EDTAAPL, GOOGApple, Google employees asking for $415M poaching settlement, Reuters says
Silicon Valley workers alleging that Apple (APPL), Google (GOOG), Intel (INTC), and Adobe (ADBE) colluded to limit poaching will attempt on Monday to win court approval for a $415M claim, reports Reuters. A judge had rejected the previous settlement offer of $324.5M as too low, saying the settlement would need to reach at least $380M. Reference Link
09:10 EDTGOOGGoogle initiated with a Hold at Axiom
09:08 EDTGOOGGoogle+ splits Photos and Streams, Horowitz to lead both
Bradley Horowitz, a Google VP, confirmed in a Google+ post that "the rumors are true -- I’m excited to be running Google’s Photos and Streams products! It’s important to me that these changes are properly understood to be positive improvements to both our products and how they reach users." Reference Link
08:47 EDTGOOGGoogle says mobile network developments coming soon, TechCrunch says
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08:35 EDTIBMIBM downgraded to Underweight from Neutral at Atlantic Equities
As previously reported, Atlantic Equities downgraded IBM to Underweight from Neutral. The firm said IBM faces long-term structural issues and is unconvinced by management's strategic plan will change the direction. The analyst sees further room for disappointment around consensus expectations of 8% earnings growth in 2016-2017 and lowered its price target to $140 from $150.
08:29 EDTAAPL, GOOGMicrosoft reportedly to buy news app for $30M, TechCrunch says
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07:56 EDTGOOGGoogle appoints new head of Google+, hints at changes, TechCrunch says
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06:41 EDTAAPLiPhone 6s will have Force Touch, won't have multi-cameras, AppleInsider says
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06:27 EDTIBMBuffett says IBM cost likely around $170/share
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06:22 EDTIBMIBM downgraded to Underweight from Neutral at Atlantic Equities
06:22 EDTIBMBuffett says IBM interest 'increasing day after day'
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06:22 EDTAAPLApple price target raised to $160 from $133 at Morgan Stanley
Morgan Stanley raised Apple's price target to $160 and increased its bull cast to $190 based on the accelerated pace of category expansion. The firm believes the strong platform creates a "halo effect" as users buy multiple devices and added services and software, which attracts more developers and partners and improves the entire ecosystem. Shares are Overweight rated.
06:19 EDTIBMBuffett says buying more IBM 'because I like it'
Warren Buffett is speaking on CNBC.
06:01 EDTAAPLNorthern Trust debit cards now support Apple Pay
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06:00 EDTGOOGMarvell announces partnership with Google;s ATAP Group
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05:59 EDTGOOG, AAPLSamsung announces Samsung Pay mobile payment system
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March 1, 2015
18:28 EDTAAPL, GOOGBlackBerry expands cross platform strategy
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17:20 EDTGOOGGoogle shares could rise 5%-10% with a dividend, Barron's says
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13:05 EDTIBMBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 27, 2015
16:06 EDTAAPL, NFLXOptions Update; February 27, 2015
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12:50 EDTAAPLApple CEO says consumers will find many reasons to admire watch, Telegraph says
Apple CEO Tim Cook said that people will buy Apple's Apple Watch for one reason, and then discover that they like it for many reasons, according to The Telegraph. The watch will give users rewards if they hit exercise goals and could be used to replace car keys and security fobs used by many vehicles, the newspaper quoted Cook as saying. Reference Link
09:59 EDTAAPLApple slips below $130, levels to watch
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09:58 EDTCSXOn The Fly: Analyst Upgrade Summary
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09:35 EDTAAPL, NFLX, GOOGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL MCD GOOG MNST BAC TSLA NFLX SINA AMZN WYNN
08:48 EDTCSXCSX upgraded at BMO Capital
As reported previously, BMO Capital upgraded CSX to Outperform from Market Perform. After meeting with the company's management, the firm thinks it has a significant cost reduction opportunity; an improving pricing environment; and robust demand in the merchandise and intermodal segments. The firm believes that the coal headwind only presents a moderate risk to the company. Target to $40 from $38.
08:13 EDTGOOGGoogle pays $25M for .app web domain, BI says
Google has paid $25M for rights to the ".app" web domain, reports Business Insider, citing ICANN auction results. Reference Link
06:48 EDTAAPLApple hiring engineers to work on virtual reality products, 9to5Mac reports
Apple is hiring hardware engineers to work on virtual reality products, according to 9to5Mac, which cites job listings that have appeared this week. According to the ads, Apple is seeking to hire a Senior Display Systems Engineer for "display systems design and development related to VR environments" and a Senior Display Software Engineer to support graphics software engineering efforts for VR environments. Reference Link
06:39 EDTAAPLTexas company sues Apple over additional alleged patent violations, Reuters says
The Texas company that on Tuesday won a $533M patent infringement verdict against Apple (AAPL) is launching another patent lawsuit against the iPhone maker, according to Reuters. Filed Wednesday night, the new lawsuit addresses technology used by Apple devices that were launched after the previous case began, the news service stated. Reference Link
06:32 EDTAAPLCiti sees April 16 launch date for Apple Watch
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06:24 EDTCSXCSX upgraded to Outperform from Market Perform at BMO Capital
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06:03 EDTGOOGGoogle Ventures' European arm takes stake in Kobalt, FT reports
Google Ventures' European unit has led a $60M investment round in Kobalt, a music technology company that helps songwriters collect fees from outlets like YouTube and Spotify, The Financial Times reports. Reference Link
05:26 EDTAAPLEricsson files lawsuits against Apple
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February 26, 2015
18:28 EDTGOOGGoogle co-founders sell $113M in stock, Barron's says
Google CEO Larry Page sold 83,334 class A shares for $45.14M and 83,334 class C shares for $45M and co-founder Sergey Brin sold 16,626 class A shares for $8.93M and 16,666 class C shares for $8.91M, reports Barron's in its 'Inside Scoop' column. Reference Link
16:52 EDTNFLX, IBMOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
16:00 EDTAAPL, NFLXOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
14:23 EDTNFLXNetflix says FCC decisions are wins for consumers
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13:25 EDTGOOGGoogle to place ads in Google Play, may break up Google+, Forbes says
Google's product czar, Sundar Pichai, said the company will begin showing ads for apps in Google Play, and may break Google+ into pieces, according to Forbes. The company also plans new initatives in payments, commerce and enterprise apps, and would welcome the chance to reenter the Chinese market, Forbes quoted the executive as saying. Reference Link
13:12 EDTNFLXNetflix volatility at record low, shares near record high on FCC vote
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13:00 EDTNFLXFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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12:39 EDTIBMOn The Fly: Midday Wrap
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12:05 EDTAAPLApple to host event on March 9, Business Insider reports
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11:15 EDTAAPLStocks with call strike movement; AAPL CRM
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10:40 EDTGOOGDish could consider partnering with Google in wireless, The Information says
According to The Information, Dish Network (DISH) is likely to play a large role in the telecommunications industry in the coming years, and could look to form a partnership with Google (GOOG), something the companies have previously discussed. Though Google did not bid in the most recent auction of wireless spectrum, sources say Google executive Milo Medin, considered a bid. Reference Link
10:24 EDTAAPLApple falls, levels to watch
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10:22 EDTAAPLTesla jumps 2% as Chinese language report fuels speculation
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09:35 EDTAAPL, NFLXActive equity options trading on open
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09:28 EDTGOOGSolarCity creates fund to finance $750M solar projects, Google invests $300M
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09:12 EDTIBMIBM shifting $4B into 'strategic initiatives'
The strategic imperatives identified by IBM include Data, Cloud and Engagement.
09:07 EDTIBMIBM backs FY15 EPS view $15.75-$16.50, consensus $16.02
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09:02 EDTIBMIBM sees EPS to grow high single-digits over longer term
IBM sees revenue to grow low single-digits over longer term. See longer term Free Cash Flow realization in the 90%'s. Longer term view given in slides for analyst day meeting.
07:58 EDTAAPLAvago price target raised to $145 from $120 at Brean Capital
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06:57 EDTIBMIBM volatility low into investor day
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06:56 EDTGOOGGoogle reportedly announcing Android Pay at May conference, Ars Technica says
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06:42 EDTGOOGGoogle unifies two separate European units, Financial Times reports
Google is unifying its two separate European arms following a more challenging and combative regulatory landscape, reports the Financial Times. Matt Britain, who had led the company's northern and western arm, will take over the running of the new business. Britain said the structure would allow the company to better respond to local conditions and opportunities. Reference Link
06:25 EDTGOOGYouTube revenue growing but did not contribute to earnings, WSJ reports
Google's YouTube posted 2014 revenue of $4B although it did not contribute to earnings, reports the Wall Street Journal, according to two people familiar with its financials. One step that may hope to boost viewership include playing more videos automatically, a feature that is expected to roll out shortly. Reference Link
06:18 EDTGOOGGoogle introduces Android for Work program
The company said on its Official Blog: "Over a billion people today carry Android smartphones -- devices that are more powerful than the computers we used just a few years ago. For many, these phones have become essential tools to help us complete important work tasks like checking email, editing documents, reviewing sales pipelines and approving deals. But for the majority of workers, smartphones and tablets are underutilized in the workplace. Their business and innovation potential remain largely untapped. We're announcing the Android for Work program to tap into that potential. With a group of partners, we're helping businesses bring more devices to work by securing, managing and innovating on the Android platform... Together with a wide range of management, application and device makers, we believe the Android for Work program provides businesses and workers with the choice and flexibility they need to get things done at work." Reference Link
06:06 EDTGOOGGoogle considering making investment in Jawbone, Re/code reports
Google is considering making a strategic investment in Jawbone, which makes wireless and wearable devices, sources tell Re/code. Jawbone has also been talking to other strategic investors, and the sources caution that talks with Google are preliminary. Reference Link
February 25, 2015
16:00 EDTAAPLOptions Update; February 25, 2015
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15:50 EDTAAPLApple pivots lower, levels to watch
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14:13 EDTGOOGGoogle unifying EU units amid regulatory pressures, FT says
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14:06 EDTGOOGMobileIron announces Cloud support for Android for Work
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14:03 EDTGOOGCitrix extends collaboration with Google to include Android for Work
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14:03 EDTGOOGBlackBerry says working with Google to enable BES12
BlackBerry Limited (BBRY) announced that it is working with Google (GOOG) to enable BES12: a cross-platform EMM solution by BlackBerry to manage devices equipped with Android for Work, Google's solution to securely separate business and personal data and applications. BES12 will provide organizations with the most secure and flexible way to manage Android for Work. Android for Work smartphones and tablets will be natively managed within the BES12 environment.
13:14 EDTAAPLFirm says iPad's market share fell sharply, Business Insider reports
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12:41 EDTGOOGGoogle introduces Google Flights
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11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
10:01 EDTAAPLIDC reports Samsung retains 22% smartphone marketshare in India
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09:48 EDTAAPL, GOOGIDC reports 96.3% smartphone marketshare for iPhone, Android
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
09:25 EDTAAPLCisco, Apple among U.S. names cut from China state buying list, Reuters says
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09:01 EDTAAPLMorgan Stanley says Apple Pay available for Wealth Management clients
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08:54 EDTHALHalliburton weakness creates buying opportunity, says BMO Capital
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08:54 EDTGOOGGoogle expected to propose new headquarters this week, NY Times says
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07:27 EDTAAPLApple reportedly creating streaming music service, may relaunch iTunes, BI says
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07:27 EDTIBMThe Linley Group to hold a conference
Linley Data Center Conference 2015 is being held in Santa Clara, California on February 25-26.
07:20 EDTCSXCSX management to meet with UBS
Meeting to be held in Boston on February 25 hosted by UBS.
07:13 EDTAAPLApple price target raised to $150 from $130 at Stifel
Stifel increased its price target on Apple as the firm thinks the company "has more than enough capacity" to increase its dividend to $2.30-$2.40 per share. The firm indicates that it believes that Apple can reduce its tax rate. Stifel keeps a Buy rating on the stock.
06:40 EDTGOOGGoogle acquires Toro, terms not disclosed
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06:22 EDTAAPLJury orders Apple to pay $533M for patent violations, Reuters reports
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06:01 EDTAAPL, GOOGGlobal tablet shipments forecast at 221.4M units in 2015, DigiTimes says
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February 24, 2015
16:06 EDTAAPLOptions Update; February 24, 2015
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14:35 EDTAAPLMicron retreats amid pricing, Apple worries but analysts defend shares
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12:15 EDTAAPLMicron sell-off 'totally unwarranted,' says Summit Research
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11:29 EDTAAPLApple could thrive in auto sector, Morgan Stanley says
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10:43 EDTAAPLMicron drop on Apple speculation presents buying opportunity, says Stifel
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10:14 EDTAAPLSamsung reportedly reaches deal with LG, Apple to supply DRAM, Korea Times says
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10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
09:35 EDTAAPLActive equity options trading on open
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08:39 EDTAAPLApple near-term capital return could be less than expected, says UBS
UBS said they believe Apple could take a near-term breather on capital returns due to potential U.S. tax reform, increased dependence on debt issuance for stock buyback funding, and the potential for its board to wait for more clarity on repatriation. UBS reiterated its Buy rating and $150 price target on Apple shares.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
06:49 EDTGOOGGoogle bans sexually explicit content from websites hosted on Blogger
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06:39 EDTAAPL, GOOGVisa Europe announces 'tokenisation service'
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06:34 EDTGOOGGoogle said to be rearranging engineers in Glass department, 9to5Google reports
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06:29 EDTAAPLApple hiring chip, battery experts from Samsung, Korea Times reports
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06:27 EDTAAPLApple said to buy music plug-in and effect makker Camel Audio, MacRumors says
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06:06 EDTAAPLApple's market cap hits nearly $775B, CNBC reports
Apple's (AAPL) market cap has reached nearly $775B after the stock closed at a record on Monday, up over 2.7% to $133, CNBC reports. Exxon Mobil (XOM) has a market cap of about $377B. Reference Link
05:59 EDTAAPLStocks with implied volatility movement; BBRY AAPL
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February 23, 2015
16:00 EDTAAPLOptions Update; February 23, 2015
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15:17 EDTAAPLAOL iTunes login pact with Apple ending soon, AppleInsider says
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14:24 EDTIBMIBM signs strategic teaming agreement with Tech Mahindra
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12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTAAPL, GOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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12:21 EDTAAPLOn The Fly: Midday Wrap
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12:12 EDTAAPLReport: Apple may be targeting next-gen experts from Samsung, Apple Insider says
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10:11 EDTAAPLApple breakout continues, levels to watch
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09:59 EDTCSXOn The Fly: Analyst Initiation Summary
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09:39 EDTAAPL, GOOGActive equity options trading on open
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09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
09:04 EDTAAPLApple volatility flat as shares near record
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08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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07:37 EDTHALCredit Suisse to hold a summit
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07:29 EDTAAPLJapan Display asking Apple to finance new smartphone screen plant, Reuters says
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06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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06:21 EDTAAPLFacebook's shuttle drivers approve new union contract, WSJ reports
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06:09 EDTCSXCSX initiated with an Overweight at JPMorgan
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06:06 EDTHALStocks with implied volatility movement; JNJ NUGT
Stocks with implied volatility movement; Halliburton (HAL) 32, Rite Aid (RAD) 34 according to iVolatility.
06:04 EDTAAPLApple to publicly beta test iOS update, Re/code says
Apple plans to allow consumers to test the next update for its iOS mobile operating system, reports Re/code. The beta test will be available mid-March through the company's Apple Seed program. Reference Link
05:29 EDTAAPLApple to invest EUR 1.6B in new European data centers
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05:27 EDTAAPLApple to invest EUR 1.6B in new European data centers
February 22, 2015
17:11 EDTAAPLApple could reach $160 in a year, Barron's says
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15:11 EDTAAPLApple increases capabilities in industrial lithium-ion batteries, Reuters says
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13:45 EDTCSXCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
February 20, 2015
16:48 EDTAAPLDow, S&P 500 finish week at record highs after Greek deal reached
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16:03 EDTAAPLOptions Update; February 20, 2015
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11:37 EDTIBMIBM volatility low into host investor day
IBM February weekly call option implied volatility is at 17, March is at 15, July is at 17; compared to its 26-week average of 20 according to Track Data, suggesting decreasing movement into a company hosted investor day to be held in New York on February 26.
11:02 EDTAAPLApple electric car could be 'iPhone of the Future,' says Cantor
Cantor Fitzgerald analyst Brian White says he believes an electric car from Apple has the potential to be the "iPhone of the Future." White, in a note to investors today, added that he doubts Apple's reach will stop there. He believes the personal robot category offers "great potential over the next decade and fits well with Apple's skill set." White thinks the reports of an electric car show innovation at the tech giant continues. He keeps a Buy rating Apple shares with a $160 price target. The stock is up 30c it morning trading to $128.71.
11:00 EDTAAPLApple electric car could be 'iPhone of the Future,' sys Cantor
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09:38 EDTAAPLActive equity options trading on open
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07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
06:41 EDTAAPLApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
06:20 EDTAAPLApple price target raised to $145 on increasingly bullish outlook at Goldman
Goldman raised Buy rated Apple's price target to $145 from $130 based on increased confidence in platform momentum, sustained iPhone growth, and the potential for the Apple Watch. The firm believes risk/reward is more balanced following the recent 20% upside move but sees further upside given the aforementioned factors and the near-term catalysts from the April watch launch, updates on capital allocation, and a likely March quarter beat.
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