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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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May 3, 2015
14:59 EDTGOOGTwitter, LinkedIn, Yelp likely falling further, Barron's says
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May 1, 2015
16:31 EDTAAPLMarket ends week lower as Apple, Twitter pull back after earnings
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16:02 EDTAAPLOn The Fly: Morning Wrap-Up for May 1
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11:46 EDTAAPLMorningstar launches market-monitoring app for Apple Watch
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB LNKD ALTR GILD TSLA BAC TWTR MSFT FEYE BIDU
07:52 EDTAAPLApple confirms tattoos can interfere with Apple Watch
Apple has confirmed on a support page on its website that dark wrist tattoos have the potential of interfering with the Apple Watch's heart rate sensor. The company comments, "Many factors can affect the performance of the Apple Watch heart rate sensor. Skin perfusion is one... Motion is another factor that can affect the heart rate sensor. Rhythmic movements, such as running or cycling, give better results compared to irregular movements, like tennis or boxing.Permanent or temporary changes to your skin, such as some tattoos, can also impact heart rate sensor performance. The ink, pattern, and saturation of some tattoos can block light from the sensor, making it difficult to get reliable readings." Reference Link
06:28 EDTAAPLUBS cuts Apple Watch estimates on 'lackluster interest'
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05:56 EDTNFLXStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 17, Netflix (NFLX) 26 according to iVolatility.
05:52 EDTGOOGStocks with implied volatility movement; CHK GOOG
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April 30, 2015
16:55 EDTAAPLOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened lower and remained in negative territory throughout the day. The market received little help from better than expected data on jobless claims and personal income and spending reports. The market moved in a fairly narrow range for most of the day, albeit at sharply lower levels. ECONOMIC EVENTS: In the U.S., initial jobless claims slid 34K to 262K in the week ended April 25, versus expectations for 290K first time claims. Personal income was unchanged in March, versus expectations for a 0.2% increase, while consumer spending rose 0.4%, versus expectations for a 0.5% increase. The Chicago PMI rose 6.0 points to 52.3 in April, which was better than the expected 50.0 reading. COMPANY NEWS: Shares of Apple (AAPL) slid $3.49, or 2.71%, to $125.15 after The Wall Street Journal reported after the market close yesterday that the company was forced to limit production of its Apple Watch after a part involved in the watch's taptic engine supplied by AAC Technologies was shown to break down over time, forcing the company to shift to the use of a part produced by a second supplier. Apple has moved almost all of its production of the part to Nidec, but the Japanese supplier may take time to ramp up production, the report noted. MAJOR MOVERS: Among the notable gainers was Glu Mobile (GLUU), which jumped $1.36, or 25.19%, to $6.76 after the social game maker reported better than expected first quarter results, announced a game development deal with Britney Spears and said Tencent Holdings (TCEHY) had agreed to buy a stake in the company. Also higher was ClickSoftware (CKSW), which gained $2.60, or 26.48%, to $12.42 after agreeing to be acquired by private funds managed by Francisco Partners Management in an all-cash transaction valued at approximately $438M. Under the terms of the agreement, Francisco Partners will acquire all of ClickSoftware's outstanding ordinary shares for $12.65 per share in cash. Among the noteworthy losers was Yelp (YELP), which dropped $11.89, or 23.19%, to $39.39 after reporting lower than expected Q1 revenue and giving worse than expected revenue guidance, resulting in downgrades by at least four firms this morning. Also lower were shares of CTC Media (CTCM), which fell $77c, or 18.08%, to $3.49 after the company reported its first quarter results and said it will not to declare a dividend in Q2 to "preserve the financial and strategic flexibility" of the company. INDEXES: The Dow fell 195.01, or 1.08%, to 17,840.52, the Nasdaq lost 82.22, or 1.64%, to 4,941.42, and the S&P 500 declined 21.34, or 1.01%, to 2,085.51.
16:01 EDTAAPLOptions Update; April 30, 2015
iPath S&P 500 VIX Short-Term Futures up 60c to 21.84. Option volume leaders: AAPL TSLA TWTR GILD FB AMZN CELG VZ KMI according to Track Data.
13:15 EDTAAPLApple Watch breakdown shows Broadcom, STM, ADI chips, MacRumors says
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12:55 EDTAAPLApple slides further, levels to watch
The shares are touching session lows, last at $125.30. Below that level next support is at $124.19 and then at $123.10. Resistance is at $126.30.
12:27 EDTAAPLOn The Fly: Top stock stories at midday
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12:15 EDTAAPLIHS teardown: Apple Watch has lowest ratio of hardware costs to retail price
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11:53 EDTAAPLStocks with call strike movement; TWTR AAPL
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11:28 EDTIBM, AAPLSalesforce seen fetching $100 per share, but several analysts say deal unlikely
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09:59 EDTAAPLApple breaks its 50-day moving average, levels to watch
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09:34 EDTAAPLActive equity options trading on open
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07:07 EDTAAPLSalesforce appears to be open to evaluating takeover offers, says Stifel
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06:55 EDTGOOGEU to investigate US sites over data use and search, Financial Times reports
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06:51 EDTIBMPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:22 EDTAAPLOmniVision nears deal to be bought by Hua Capital for $29/share, Bloomberg says
OmniVision Technologies (OVTI), which makes chips for smartphone and tablet cameras like Apple's (AAPL) iPhone, is close to a deal to be acquired by Beijing-based private equity firm Hua Capital Management for about $29 per share, Bloomberg reports, citing sources. At $29 per share, the company would be valued at $1.68B, the publication notes. A deal could be announced as early as today. Reference Link
06:19 EDTAAPLFlight delays at American Airlines continue as iPad glitch fixed, WSJ reports
American Airlines (AAL) pilots are being told to delete and reload an app that provides navigational charts on their iPads (AAPL) following delays caused by a software glitch, The Wall Street Journal reports. A spokesperson for the carrier says the glitch did not affect in-flight safety, and said the carrier is starting to see delays decrease as pilots "become aware they can reinstate the app." Though no flights have been canceled, 24 were delayed up to 30 minutes on Tuesday and 30 were delayed on Wednesday. Reference Link
06:10 EDTIBM, GOOGJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
06:07 EDTAAPLApple Watch won't reach Israel until 2016, Globes reports
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05:57 EDTIBM, GOOGMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
05:51 EDTNFLXStocks with implied volatility below IV index mean; AMZN NFLX
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05:10 EDTNFLXNetflix announces Green Eggs and Ham adaptation
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April 29, 2015
17:16 EDTIBMSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
16:41 EDTAAPLApple Watch roll out slowed by defect in taptic engine component, WSJ says
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16:31 EDTAAPLApple found defects in 'taptic engine' of Apple Watch, DJ reports
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16:01 EDTAAPLOptions Update; April 29, 2015
iPath S&P 500 VIX Short-Term Futures up 47c to 21.24 Option volume leaders: AAPL TSLA TWTR GILD FB AMZN C MCD BAC CRM BIDU WYNN according to Track Data.
15:14 EDTAAPLApple says EU tax investigation could result in 'material' financial charge
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14:52 EDTAAPL, GOOGMicrosoft announces new toolkits, tools, cloud and productivity services
Microsoft (MSFT) announced new features in Windows 10 and unveiled a set of software development kits to help developers bring their code for the Web, .NET, Win32, Google's (GOOG) Android and Apple's (AAPL) iOS to Windows 10. At the company's annual Build developer conference, the company declared its ambition to have 1B active Windows 10 devices by FY18. New features for Microsoft Edge, the new browser for Windows 10, were also unveiled, offering developers better discoverability of their apps and future extensibility with JavaScript and HTML. Microsoft also announced new Microsoft Azure data services for intelligent applications; Visual Studio and .NET tools and runtimes for Windows, Mac and Linux; and APIs that enable developers to build rich apps with Office 365.
14:36 EDTAAPLApple slips lower, may test 50-day moving average
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14:22 EDTAAPL, GOOGMicrosoft: Android, iOS apps can easily transfer to Windows 10, TechCrunch says
Microsoft (MSFT) announced that Google (GOOG) Android and Apple (AAPL) iOS app developers will be able to easily translate applications to Windows 10 devices, reports TechCrunch, citing comments made at Microsoft's Build developer conference. Microsoft noted that developers can "reuse nearly all the Java and C++ code" in Android apps, while iOS developers will be able to reuse Objective-C code. Reference Link
12:33 EDTGOOGBattleground: Bulls, bears debate Twitter after revenue miss
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12:19 EDTNFLXAMC Networks monetization improved with Hulu deal, says Piper Jaffray
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11:46 EDTAAPLApple iPhone shipment volumes grew 40% in Q1, IDC says
IDC said the following in a press release: "The worldwide smartphone market kicked off the year with an expected post-holiday dispersion in shipment volumes compared to the previous quarter's unprecedented results. According to the International Data Corporation, IDC),Worldwide Quarterly Mobile Phone Tracker, vendors shipped a total of 336.5M smartphones worldwide in the first quarter of 2015, up 16.7% from the 288.5M units in 1Q14 but down by -10.9% from the 377.5M units shipped in 4Q14. In the overall mobile phone market (smartphones plus feature phones), vendors shipped 458.9M units worldwide, down a mere -0.1% from the 459.3M units shipped in 1Q14...Samsung (SSNLF) remained the overall market leader thanks to stable demand for its Galaxy S series flagship smartphones overall, as well as increased shipments of lower-end models, particularly to regions like Southeast Asia, the Middle East, and Africa....Apple (AAPL) continued to find success with larger screened iPhones, which produced its strongest second quarter ever with 61.2M units shipped. Much of the success this quarter came out of Greater China as rapid 4G adoption, Apple retail expansion, and an increased appetite for premium devices elevated the brand to new levels. Overall, the iPhone grew 40% year over year and a remarkable 63% in emerging markets." Reference Link
11:05 EDTAAPLTime Warner says Apple 'very forward thinking' on television
Says sees deals with traditional distributors for HBO Now.
10:54 EDTAAPLGarmin not expecting impact in Fitness products from Apple Watch launch
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10:02 EDTGOOGMicrosoft awarded patent for emotion detecting eyewear, WSJ says
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09:40 EDTAAPLActive equity options trading on open
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09:18 EDTGOOGGoogle patents keyboard with trackpad taking place of spacebar, Quartz says
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08:35 EDTGOOGTwitter growth thesis remains intact, says Canaccord
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06:59 EDTHALContract cancellations could pressure offshore drillers, WSJ says
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06:35 EDTAAPLApple taking market share in China, Reuters says
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06:10 EDTNFLXHulu said to land 'Seinfeld' streaming rights, WSJ reports
Hulu, which is owned by Disney (DIS), Comcast (CMCSA) and 21st Century Fox (FOXA), has reportedly landed a deal to stream all 180 episodes of "Seinfeld," The Wall Street Journal reports. Though terms of the deal have not been disclosed, a source believes that the per-episode value of the show would be around $700,000. Amazon (AMZN) and Yahoo (YHOO) were also bidders for the streaming rights to "Seinfeld," and Netflix (NFLX) expressed interest initially, but later signed a deal for streaming rights to "Friends." Reference Link
06:03 EDTAAPLSome American Airlines planes grounded due to iPad glitch, Quartz reports
Several dozen American Airlines (AAL) planes were grounded last night due to a glitch in pilots' iPads (AAPL), a spokesperson tells Quartz. Passengers in Dallas, New York and Chicago were affected by the outage. Pilots at the airline were switched to an iPad-based "electronic flight bag" in 2013, which replaced paper-based reference materials pilots used previously. Reference Link
05:57 EDTAAPLApple expanding development center in Israel, Globes reports
Apple is expanding its development center in Israel and is planning to hire "hundreds" more employees at the Herzliya Pituach site, Globes reports. Reference Link
April 28, 2015
19:01 EDTGOOGMicrosoft may allow Android apps on Windows 10 devices, Thurrott says
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17:00 EDTAAPLOn The Fly: Top stock stories for Tuesday
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16:00 EDTAAPLOptions Update; April 28, 2015
iPath S&P 500 VIX Short-Term Futures down 68c to 20.77. Option volume leaders: AAPL TSLA TWTR YPF AMZN X PBR MRK JBLU ABX according to Track Data.
15:43 EDTGOOGTwitter announces partnership with Google's DoubleClick
Twitter (TWTR) announced a partnership with Google's (GOOG) DoubleClick platform to improve advertising performance measurement and attribution for Twitter direct response marketers. As part of the partnership, Twitter will also make its inventory available through the DoubleClick Bid Manager, making it easier for clients who prefer to centralize their buying through DBM to create and manage campaigns on Twitter.
12:30 EDTAAPL, IBMOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after crossing back and forth across the flat line during morning trading, much like Apple (AAPL) shares, which were searching for direction despite the company's report last night having topped expectations on several measures, including revenue, profits, iPhone unit sales and capital return plans. ECONOMIC EVENTS: In the U.S., the Case Shiller 20-city home price index rebounded 0.93% on a seasonally adjusted basis in February, versus expectations for it to be up 0.7% on a month-over-month basis. The Conference Board's consumer confidence index dropped 6.2 points to 95.2 in April, versus expectations for it to have risen to 102.2. The Richmond Fed manufacturing index rose to -3 in April, versus expectations for a reading of -2. COMPANY NEWS: Shares of Apple were little changed near noon after the company last night reported March quarter earnings and sales well above expectations and boosted its shares buyback program to $140B from $90B and quarterly dividend by 11% to 52c. FBR Capital called the quarter “Picasso-like,” while Brian White at Cantor Fitzgerald upped his price target on shares to $195. Less sanguine are analysts at Pacific Crest, Maxim and Deutsche Bank. Noted investor Carl Icahn said afterward that Apple is "still undervalued and misunderstood" and promised to put out another in-depth report on the company within two weeks... IBM (IBM) approved an 18% increase in its quarterly dividend to $1.30 per common share. MAJOR MOVERS: Among the notable gainers was Dow member Merck (MRK), which advanced 5% after its Q1 sales and EPS beat expectations. Two other big name, big revenue drugmakers slid after their earnings reports, as Bristol-Myers (BMY) declined 1% and Pfizer (PFE) fell 0.5%. Also lower following its earnings report was The Container Store (TCS), which declined about 16% after its results and outlook missed expectations. INDEXES: Near midday, the Dow was up 49.61, or 0.28%, to 18,087.58, the Nasdaq was up 9.87, or 0.2%, to 5,070.12, and the S&P 500 was up 3.98, or 0.19%, to 2,112.90.
11:31 EDTAAPLApple 'still undervalued and misunderstood,' says Icahn
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10:27 EDTIBMIBM board approves 18% increase in quarterly dividend
IBM board declared a regular quarterly cash dividend of $1.30 per common share, payable June 10, 2015 to stockholders of record May 8, 2015. Today’s dividend declaration represents an increase of 20c, or 18% higher than the prior quarterly dividend of $1.10 per common share.
09:36 EDTAAPLActive equity options trading on open
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09:34 EDTAAPLNot all analysts fawning over Apple after blowout quarter
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09:32 EDTGOOGYouTube announces partnerships with content creators, AwesomenessTV
Google's YouTube announced partnerships with four content creators to help bring their next big original series to life on YouTube: Fine Brothers, Prank vs. Prank, Joey Graceffa and Smosh. Also, YouTube announced a new collaboration with AwesomenessTV. Together, the two will release several feature length films over the next two years, all driven by YouTube stars and developed and produced by AwesomenessTV’s Brian Robbins. Reference Link
09:19 EDTGOOGGoogle valuation attractive, says Argus
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08:58 EDTAAPLApple price target raised to $163 from $145 at Goldman
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08:46 EDTAAPLOn The Fly: Pre-market Movers
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08:23 EDTAAPLApple comments suggest iPhone units to drop 27% in June, says Maxim
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08:06 EDTAAPLApple looks fairly valued, says Pacific Crest
Pacific Crest believes that Apple's Q2 results were "fantastic," but the firm says that consensus estimates for sales of the company's main products appear to be aggressive. Consequently, Pacific Crest sees more risk to consensus fiscal 2016 estimates than upside opportunity. It keeps a Sector Weight rating on the shares.
08:01 EDTAAPLApple price target raised to $155 from $134 at Baird
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07:58 EDTAAPLApple strong results consistent with surveys, says Canaccord
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07:33 EDTAAPL, AAPLApple price target raised to $163 from $151 at CLSA
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07:28 EDTAAPLApple strength continues led by China, says UBS
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07:22 EDTAAPLApple shares should be bought aggressively, says JMP Securities
JMP Securities believes that Apple's Q2 results were "clean" and "confidence inspiring." The firm continues to recommend aggressively buying the stock. The firm says that the company is proving itself in Greater China, and it keeps a $150 price target on the name.
07:17 EDTAAPLDeutsche sees balanced risk/reward for Apple, keeps Hold rating
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07:00 EDTAAPLApple reported 'blowout' results, says RBC Capital
RBC Capital expects Apple's fundamentals to improve going forward, and it views the company's June quarter guidance as conservative. The firm raised its price target on the name to $150 from $142 while keeping an Outperform rating on the shares.
06:40 EDTAAPLApple price target raised to $195 from $180 at Cantor
Cantor Fitzgerald analyst Ben White raised his price target for Apple shares to $195 from $180 following the "big beat" in the March quarter. White views the iPhone cycle as "powerful" and believes the Watch is showing early signs of momentum. The analyst thinks Apple Watch will prove to be the best selling new product in the company’s history. He keeps a Buy rating on Apple following last night's Q2 results. Brean Capital analyst Ananda Baruah raised his price target for Apple shares this morning to $170 from $160.
06:29 EDTAAPLApple iPhone 6 shipments may exceed 60M in Q2, DigiTimes reports
Apple's iPhone 6 and iPhone 6 Plus shipments are expected to exceed 60M units in Q2, reports DigiTimes. According to Taiwan-based supply chain makers, the sales performance for the iPhone 6 has been better than originally estimated. Due to the updated expectations, Apple may defer the launch of new iPhone models. Reference Link
06:13 EDTAAPLCiti removes Apple from Focus List, sees stock trading higher
Citigroup analyst Jim Suva removed Apple from the firm's US Focus List citing the 8% share gain in less than a month and the passing of the earnings report catalyst. Suva, however, lists five reasons the stock can trade higher, including wireless carriers allowing users to upgrade phones before expiration, upside potential to consensus estimates and margins going higher. He reiterates a Buy rating on Apple with a $145 price target following the iPhone maker's Q2 results.
05:59 EDTGOOGGoogle considers shake-up of News service, Financial Times reports
Google is considering significant changes to its Google News service to help publishers struggling to make money in the online world, reports the Financial Times. Areas under discussion will include how to make Google News work better for sites that use online paywalls but have complained that the company’s advertising-based search business hurts them. In an interview, Google's head of strategic partnerships in Europe Carlo D'Asaro said the company wants to help the online news industry and push publishers to become more digital. The comments comes on the heels of a recently announced alliance with Google and eight European newspaper groups. Reference Link
05:53 EDTGOOGGoogle says launches Digital News Initiative with news publishers in Europe
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05:48 EDTAAPLApple price target raised to $170 from $160 at Brean Capital
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05:41 EDTAAPLApple capital return program topped expectations, says Piper Jaffray
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April 27, 2015
20:03 EDTAAPLBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
18:56 EDTAAPLOn The Fly: After Hours Movers
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17:48 EDTAAPLApple says iPhone revenue was up 70% in Greater China in Q2
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17:36 EDTAAPLApple CFO says Watch margins will be lower than company average
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17:31 EDTAAPLApple anticipates expanding nunmber of countries for Watch in late June
17:28 EDTAAPLApple says Q2 emerging market revenue up 58%
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17:27 EDTAAPLApple says FX had negative impact of 100 basis points in Q2
Sees 40 basis point negative impact from FX in Q3.
17:22 EDTAAPLApple plans for annual dividend increases going forward
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17:20 EDTAAPLApple CFO says app store revenue up 29% in Q2
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17:12 EDTAAPLApple CEO says new MacBook began shipping
Comments from Q2 earnings conference call.
16:43 EDTAAPLApple reports Q2 iPhone units 61.17M vs. 74.47M last quarter
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16:41 EDTAAPLApple reports Q2 gross margin 40.8% vs. 39.3% last year
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16:40 EDTAAPLApple reports Q2 iPhone sales 61.17M
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16:40 EDTAAPLApple rallies $2.11 to $134.50 after earnings beat, buyback raise
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16:38 EDTAAPLApple says higher rate of people switching to iPhone
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16:33 EDTAAPLApple boosts buyback to $140B from $90B, ups dividend 11%
Apple announced that its board has authorized an increase of more than 50% to the company's program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200B of cash by the end of March 2017. As part of the revised program, the board has increased its share repurchase authorization to $140B from the $90B level announced last year. In addition, the company expects to continue to net-share-settle vesting restricted stock units. The board has also approved an increase of 11% to the company's quarterly dividend, and has declared a dividend of 52c per share, payable on May 14, to shareholders of record as of the close of business on May 11. To assist in funding the program, Apple plans to continue to access the domestic and international debt markets.
16:31 EDTAAPLApple expands capital return program to $200B
16:31 EDTAAPLApple sees Q3 revenue $46B-$48B, consensus $47.06B
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16:30 EDTAAPLApple reports Q2 EPS $2.33, consensus $2.16
Reports Q2 revenue $58.01B, consensus $56.06B.
16:00 EDTAAPLOptions Update; April 27, 2015
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15:09 EDTAAPLEarnings Watch: Apple reports with iPhone sales, capital return in focus
Apple (AAPL) is set to report second quarter earnings after the market close on Monday, April 27, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $2.16 on revenue of $56.06B, according to First Call. The consensus range for EPS is $1.89-$2.43 on revenue of $51.37B-$59.46B. Along with its last earnings report, Apple said it sees Q2 revenue of $52B-$55B and a gross margin between 38.5%-39.5%. In a note to investors, Piper Jaffray analyst Gene Munster said he believes Apple will report revenue, excluding foreign exchange impacts, in line with Street estimates of $56B, implying 57M iPhones. Munster added that he believes the Street is currently looking for 42.7M iPhones in the company's June report, 45.1M in September, and 73.4M in December. LAST QUARTER: Apple reported first quarter EPS of $3.06, which topped the consensus estimate for $2.60. First quarter revenue of $74.6B also beat the $67.69B consensus expectation. Apple reported it sold 74.5M iPhones, 21.42M iPads and 5.52M Macs in Q1. Apple reported a Q1 gross margin of 39.9%, versus 37.9% in the same quarter of last year. NEWS: On February 11, Carl Icahn stated that he has gained further confidence in his thesis on the company, increasing the forecasted EPS for FY 2015 in his model from $9.60 to $9.70. Ichan noted then that he believed the market "should value Apple at $216 per share." A few days later, Financial Times reported Apple had been recruiting automotive technology and vehicle design experts who are at work in a confidential Silicon Valley location near the company’s Cupertino campus and The Wall Street Journal said the company was working secretly toward creating an Apple-branded electric vehicle. On March 6, S&P Dow Jones Indices announced Apple had been selected to replace AT&T (T) in the Dow Jones Industrial Average after the close of trading on Wednesday, March 18. On March 9, Apple announced that Apple Watch would be available on Friday, April 24 to customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the U.K. and the U.S. In addition to unveiling the Watch that day, Apple also announced a lower price tag of $69 for Apple TV, debuted the thinner new edition of its MacBook and Time Warner's (TWX) HBO announced HBO NOW was coming to Apple TV, making an HBO subscription available directly to Apple customers for the first time. ANALYST OPINION: On the day after Apple's last earnings report, a number of analysts hiked their price targets for the stock, with Cantor increasing its price target to what was then a "Street high" $160 from $143. In a note to investors on March 23, Cantor analyst Brian White then raised his price target on Apple to $180 from $160. At $180 per share, the company's total valuation would be about $1 trillion, the analyst stated. The streaming TV offering it will reportedly launch could be a stepping stone into making actual TVs, according to White, who noted that the LCD TV market is worth $100B a year. Additionally, given the 4G expansion in China, as well as the larger iPhones and Apple's relationship with China Mobile (CHL), Apple is better positioned than ever in China, according to the analyst. The reviews of the Apple Watch suggest that the product will be far short of "insanely great," Raymond James analyst Tavis McCourt wrote in a note to investors on April 10. The lukewarm reviews could raise doubts in investors' minds about the company's ability to launch successful new products and iPhone unit sales are likely to drop in fiscal 2016 versus fiscal 2015, McCourt contended. Against this backdrop, Apple's stock is likely to remain range-bound, wrote McCourt, who downgraded the stock to Market Perform from Outperform. Last April, Apple increased its share repurchase to $90B from $60B and increased its dividend by 8% to $11B annually, Piper's Munster has pointed out. This year, the firm believes "the bogey" for investors is a 15% increase to Apple's total reported capital return number, share repurchase plus past dividends, which would imply a $150B headline number, up from the $130B announced last year. Piper, however, estimates the most likely range for Apple's new capital return policy will fall between $170B and $180B. It keeps an Overweight rating on the stock with a $160 price target. This morning, Brean Capital analyst Ananda Baruah initiated shares of Apple with a Buy rating and $160 price target ahead of the company's March quarter report. Baruah told investors that consensus estimates for the iPhone maker are "materially low" though 2017. The analyst sees upside through 2017 from iPhone shipments and favorable gross margin due to greater than expected sales of the more profitable 6 Plus. PRICE ACTION: Shares of Apple advanced 5.65% on the first day of trade following its Q1 report. Over the last three months, shares of Apple are up more than 20%. In afternoon trading ahead of its Q2 report, Apple is up 1% to $131.58 per share.
15:04 EDTAAPLNotable companies reporting after market close
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14:59 EDTAAPLApple May 130 weekly straddle priced for 4.9% movement into Q2
12:39 EDTAAPLApple technical notes ahead of results
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12:25 EDTAAPLOn The Fly: Top stock stories at midday
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12:00 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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11:54 EDTAAPLStocks with call strike movement; BABA AAPL
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10:59 EDTCSXCSX options active on sharp rally
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10:40 EDTCSXCSX recent stock volume suggests someone building a stake, says UBS
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10:07 EDTGOOGGoogle offers to buy patents under new promotion
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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09:36 EDTNFLX, AAPLActive equity options trading on open
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09:22 EDTAAPLOn The Fly: Pre-market Movers
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09:02 EDTAAPLZAGG introduces InvisibleShield HD for Apple Watch
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08:37 EDTAAPLDiscover announces Apple Pay agreement with Apple
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08:06 EDTAAPLApple Q2 revenue likely to surpass guidance, says RBC Capital
RBC Capital says that Apple's Q2 revenue should come in above the high end of its $52B-$55B guidance. The firm thinks the company's gross margins could beat expectations, and it keeps an Outperform rating on the shares.
07:41 EDTNFLXNetflix price target raised to $725 from $650 at Stifel
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07:13 EDTNFLX, GOOGUBM Tech to hold a conference
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07:00 EDTAAPLFutures higher as investors prepare for more earnings reports
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06:31 EDTAAPLApple may be intentionally slowing release of Tidal app updates, NY Post says
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06:01 EDTGOOGGoogle's Dan Fredinburg dies in avalanche on Mount Everest, TechCrunch reports
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05:58 EDTGOOGeBay backs Google's response to EU antitrust inquiry, Financial Times says
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05:31 EDTAAPLApple initiated with a Buy, $160 target at Brean Capital
Brean Capital analyst Ananda Baruah initiated shares of Apple with a Buy rating and $160 price target ahead of the company's March quarter results tonight. Baruah tells investors that consensus estimates for the iPhone maker are "materially low" though 2017. The analyst sees upside through 2017 from iPhone shipments and favorable gross margin due to greater than expected sales of the more profitable 6 Plus. Shares of Apple closed Friday up 61c to $130.28.
April 26, 2015
12:50 EDTAAPLApple, Celgene, others are 'top picks' for spring, Barron's says
In a survey of U.S. money managers, shares of Apple (AAPL), Dow Chemical (DOW), American Airlines (AAL), Celgene (CELG), General Motors (GM), and McDermott (MDR) were identified as top picks for this spring, Barron's contends in its cover story. Reference Link
April 24, 2015
18:27 EDTAAPLTD Bank Group announces Apple Watch app
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16:31 EDTGOOGStocks finish week higher following strong tech earnings
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16:19 EDTGOOGOn The Fly: Top stock stories for Friday
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16:00 EDTGOOG, AAPLOptions Update; April 24, 2015
iPath S&P 500 VIX Short-Term Futures down 21c to 20.89. Option volume leaders: AAPL AMZN PBR RIG GOOG TWTR TSLA MSFT ALTR according to Track Data.
14:50 EDTAAPLOn The Fly: Weekly technical notes ahead of Apple earnings
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13:45 EDTAAPLGrubHub launches Seamless App for Apple Watch
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12:53 EDTGOOGLuxottica says company working on new versions of Google Glass, Engadget says
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12:49 EDTGOOGOn The Fly: Top stock stories at midday
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12:33 EDTAAPLOptions with increasing implied volatility
Options with increasing implied volatility: MEMP GPRO TWTR AAPL
09:37 EDTGOOG, AAPLActive equity options trading on open
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09:20 EDTGOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
08:58 EDTGOOGGoogle price target raised to $672 from $632 at FBR Capital
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07:56 EDTAAPLApple Q2 results likely to beat expectations, says Bernstein
Bernstein expects Apple to report stronger than expected Q2 results, and says that the company could raise its dividend by 20%+ and buy back an additional $80B+ of its shares through 2017. The firm thinks Apple Watch could increase its gross margins by one percentage point. It raised its price target on the name to $142 from $135 and keeps an Outperform rating on the shares.
07:49 EDTGOOGGoogle results 'on balance positive,' says Bernstein
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07:35 EDTGOOGGoogle price target raised to $670 from $625 at Deutsche Bank
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07:31 EDTAAPLDeutsche sees Apple sales growth slowing from here
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07:21 EDTAAPLApple Watch teardown casts doubt on rumored upgradability, iFixit reports
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07:15 EDTAAPLApple job postings point to improvements in Siri, speech technology, AI reports
Apple is said to be working on improvements to its Siri speech recognition technology, Apple Insider reports. The company on Thursday opened posted several job listing relating to Siri, speech technology and language recognition, and is seeking a platform development manager and developer tools engineer for Siri, the publication says. Additionally, the company is seeking two pattern recognition engineers and software engineers in its Natural Languages Group. Reference Link
07:05 EDTGOOGGoogle reported healthy Q1 results, says Cantor
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06:55 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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06:22 EDTGOOGGoogle price target raised to $650 from $600 JPMorgan
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06:16 EDTGOOGEU considers new regulator to oversee internet companies, WSJ reports
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06:00 EDTGOOGHillspire acquires minority stake in D.E. Shaw group from Lehman Brothers
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05:57 EDTNFLXStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Netflix (NFLX) 27 according to iVolatility.
05:27 EDTAAPLExpedia app now available on Apple watch
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05:24 EDTAAPLAmazon announces shopping app for Apple Watch
The Amazon (AMZN) shopping app will be available on Apple Watch (APPL) in Canada, China, France, Germany, Japan, U.S. and U.K. Designed for the on-the-go customer, the shopping app offers a tailored Amazon experience, offering voice search and quick tap features including 1-Click purchase and save to Wish List.
April 23, 2015
19:29 EDTGOOGGoogle sees increased viewership, ad views at YouTube
On its Q1 earnings call, Google CFO Patrick Pichette said, "Over the past year we've seen YouTube viewership climb dramatically, both in established markets but also due to rapid expansion in emerging markets. And quality improvements in TrueView ads mean that more users are, in fact, choosing not to skip them, increasing the overall ad view. So, this means that there is much higher volume of TrueView ads being seen, which has been a significant driver of year-over-year growth in numbers that you seeing inside clicks... Viewership in YouTube videos and TrueView ads are growing significantly, and YouTube's contribution to our advertising revenue continues to grow at a strong rate year-over-year." During the Q&A portion of the call, Pichette added, "In the last quarter, we've just seen a real acceleration at YouTube and that's why we thought it was important because we saw this change, from the fundamental kind of strong performance of YouTube." In after-hours trading, Google is up more than 3% to $564.00.
19:16 EDTGOOGOn The Fly: After Hours Movers
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16:09 EDTGOOGGoogle shares up $3.52 to $551.42 after Q1 results
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16:06 EDTGOOGGoogle says Q1 revenue $795M higher at constant exchange rates
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16:05 EDTGOOGGoogle reports Q1 websites up 14% revenue $11.93B
Reports Q1 Google Network Members' websites revenue up 1% to $3.58B. Total advertising revenues were up 11% to $15.51B.
16:03 EDTGOOGGoogle reports Q1 Aggregate paid clicks up 13%
Reports Q1 Paid clicks on Google websites up 25% vs. last year, Paid clicks on Google Network Members' websites down 12%, Aggregate cost-per-click down 7%, Cost-per-click on Google websites down 13% and Cost-per-click on Google Network Members' websites up 2%.
16:01 EDTGOOGGoogle reports Q1 EPS $6.57, consensus $6.60
Reports Q1 revenue $17.26B, consensus $17.5B.
16:01 EDTAAPLOptions Update; April 23, 2015
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15:00 EDTGOOGNotable companies reporting after market close
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14:59 EDTGOOGGoogle April weekly 547 straddle priced for 4% movement into Q1
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14:20 EDTGOOGEarnings Watch: Google up close to 8.5% since last earnings report
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12:35 EDTAAPL, CSXStocks with call strike movement; CSX AAPL
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11:52 EDTAAPLApple lists several job openings for speech & language teams, Apple Insider says
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11:31 EDTCSXOptions with increasing implied volatility
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11:27 EDTAAPLApple could announce new iPod touch this year, Apple Insider reports
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10:13 EDTCSXHigh option volume stocks
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09:43 EDTAAPLApple not targeting May 8 for Apple Watch second wave launch, 9to5Mac says
Sources told 9to5Mac that Apple is not currently targeting May 8 for its launch of pre-ordering for the Apple Watch in a second wave on countries, refuting a report yesterday from Italy's iSpazio that said that was the date being considered for the next wave of launches. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB PBR TWTR AA COST TSLA AMZN TXN BAC
09:09 EDTGOOGCheetah Mobile obtains worlwide Google Play distribution rights for Tap Titans
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07:11 EDTGOOGGoogle April weekly volatility elevated into Q1 and outlook
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06:19 EDTAAPLSome Apple Watch orders prepared for shipment ahead of schedule, 9to5Mac says
Though many Apple Watch customers were hit with months-long shipping delays, Apple has started preparing some orders for shipment ahead of schedule, 9to5Mac reports. A spokesperson says "We’re happy to be updating many customers today with the news that their Apple Watch will arrive sooner than expected. Our team is working to fill orders as quickly as possible based on the available supply and the order in which they were received." Reference Link
06:03 EDTCSXCSX implied volatility of 37 at upper end of index
06:01 EDTNFLXStocks with implied volatility below IV index mean; SNDK NFLX
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April 22, 2015
17:31 EDTNFLXNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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17:23 EDTAAPLNokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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16:00 EDTAAPLOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
15:12 EDTAAPLAOL debuts three apps for Apple Watch
AOL (AOL) announced the debut of three apps built for the Apple Watch, including Pip, the newly redesigned The Huffington Post app, and the AOL app. Each of them will be available on April 24, the company stated.
13:38 EDTGOOGGoogle to offer basic wireless service for $20 per month
Google says, "We offer one simple plan at one price with 24/7 support. Here's how it works: for $20 a month you get all the basics, and then it's a flat $10 per GB for cellular data while in the U.S. and abroad. 1GB is $10/month, 2GB is $20/month, 3GB is $30/month, and so on. Since it's hard to predict your data usage, you'll get credit for the full value of your unused data. Let's say you go with 3GB for $30 and only use 1.4GB one month. You'll get $16 back, so you only pay for what you use."
13:37 EDTGOOGGoogle introduces Project Fi, to partner with Sprint, T-Mobile
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13:08 EDTCSXCSX May calls active
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11:51 EDTCSXStocks with call strike movement; CSX YHOO
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11:08 EDTCSXOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
10:53 EDTNFLXOptions with decreasing implied volatility
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10:31 EDTAAPLUBS U.S. IT Hardware analyst holds an analyst/industry conference call
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09:54 EDTAAPLApple Watch pre-orders may start May 8 in next wave of countries, MacRumors says
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09:17 EDTGOOGAmazon.com upgraded to Buy, price target raised to $450 at Monness Crespi
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08:13 EDTIBMPSA Peugeot Citroën and IBM announce partnership
PSA Peugeot Citroën and IBM announced a partnership to help various industries within the Internet of Things economy to analyze data to deliver new services from connected vehicles. The companies are expanding their partnership announced last year to develop connected services for PSA vehicles by now enabling other industries and companies to propose new added values services in their vehicles. The seven-year agreement will focus on commercializing services and building next-generation technical solutions necessary to deliver connected services.
08:10 EDTGOOGWix.com to benefit from Google algorithm change, says FBR Capital
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07:58 EDTCSXCSX volatility increases on wide price movement
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07:52 EDTHALBaker Hughes price target raised to $78 from $72 at Susquehanna
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07:20 EDTAAPLApple survey continues to show strong iPhone demand, says UBS
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07:08 EDTAAPLPriceline Apple launches Apple Watch travel applications
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06:16 EDTAAPLApple retail chief discusses Apple Watch, MacBook in video, BI reports
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06:06 EDTGOOGGoogle, Facebook seek to reach billions of people without Web access, WSJ says
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06:01 EDTGOOGGoogle could launch wireless service today, WSJ reports
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05:48 EDTCSXStocks with implied volatility movement; CSX ATHX
Stocks with implied volatility movement; CSX (CSX) 40, Athersys (ATHX) 151 according to iVolatility.
April 21, 2015
19:12 EDTCSXCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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18:35 EDTAAPLChinese court rules in favor of Apple in Siri patent case, Economic Times says
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16:00 EDTAAPLOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
14:00 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: NFLX MLNX XON WUBA MEMP BMRN FTNT BPT SNDK
13:40 EDTAAPLEarnings Watch: AT&T sees Q1 charge of approximately $130M
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12:42 EDTGOOGGoogle April weekly volatility increases into Q1 and outlook
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11:00 EDTAAPLStocks with call strike movement; AMZN AAPL
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10:34 EDTAAPLCorning sapphire glass rumored to be in new Apple iPhone, PatentlyApple says
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09:37 EDTIBM, AAPLActive equity options trading on open
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09:23 EDTHALHalliburton added to Conviction List, Baker Hughes removed at Iberia
Iberia prefers equity exposure of Halliburton (HAL) versus the merger arbitrage of owning Baker Hughes (BHI). The firm expects the merged company to better compete for integrated project management work and shore up weaker products and services.
09:12 EDTHALHalliburton price target raised to $61 from $52 at Susquehanna
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08:41 EDTIBMOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
08:20 EDTAAPLOrbitz app now customized for Apple Watch
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08:08 EDTHALBaker Hughes 'pleased with the progress' on planned combination with Halliburton
07:51 EDTHALHalliburton should be bought on any weakness, says Oppenheimer
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07:46 EDTIBMIBM results unlikely to alter sentiment, says Stifel
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07:45 EDTHALHalliburton well positioned for industry upturn, says UBS
UBS said the oil services downturn is playing out as expected and that Halliburton (HAL) is well positioned for the eventual upturn. The firm cited the company's ability to maintain margins, synergies from its merger with Baker Hughes (BHI), and the potential for major share repurchases. UBS reiterated its Buy rating and raised its price target to $60 from $50 on Halliburton shares.
07:24 EDTIBMIBM beat driven by cyclical factors, says RBC Capital
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07:04 EDTHALHalliburton price target raised to $56 from $48 at RBC Capital
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07:00 EDTIBMIBM results demonstrate further progress on turnaround, says Cantor
Cantor says that IBM reported healthy Q1 results which demonstrate that the company is making further progress in its turnaround. The firm expects the company's sales cycle to bottom this quarter and it finds the stock's valuation attractive. Cantor keeps a $198 price target and Buy rating on the shares.
06:18 EDTIBM, AAPLCitigroup unenthused with IBM mix, still prefers Apple
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05:58 EDTAAPLReport: AU Optronics to supply Apple with iPhone panels, DigiTimes says
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05:58 EDTGOOGEU's Vestager says has 'no grudge' against Google, Re/code reports
EU Competition Commissioner Margrethe Vestager, who is leading an antitrust lawsuit against Google, says she is not holding a grudge against the search giant, Re/code reports, citing comments made during a speech at the NYU School of Law. She commented that "We have made a statement of objection lining out our preliminary view on a certain conduct... This, as we see it, is a pretty straightforward case of consumer domination." Reference Link
05:48 EDTCSXStocks with implied volatility movement; XRT CSX
Stocks with implied volatility movement; S&P Retail Index SPDR (XRT) 18, CSX (CSX) 34 according to iVolatility.
April 20, 2015
18:48 EDTIBMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
18:00 EDTIBMIBM off after-hours highs, now up 0.44% to $166.89
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17:02 EDTIBMIBM sees FY15 free cash flow flat
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17:00 EDTIBMIBM seeing signs transformation is working
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16:53 EDTIBMIBM Q1 cloud revenue up more than 75% adjusted for FX, divested businesses
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16:14 EDTIBMIBM CEO says Q1 "strong" start to year
"In the first quarter we had a strong start to the year. Our strategic imperatives growth rate accelerated, demonstrating the power of our offerings in these new opportunities and contributing to improved revenue performance. Our focus on higher value through portfolio transformation and investment in key areas of the business drove continued margin expansion,” said Ginni Rometty, IBM chairman, president and CEO.
16:13 EDTIBMIBM reports Q1 services backlog of $121B
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16:12 EDTIBMIBM reports Q1 revenue from Hardware down 23%
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16:11 EDTIBMIBM reports Q1 revenue from Software Segment down 8%
Revenues from the Software segment were down 8% to $5.2B (down 2 percent adjusting for currency) compared with the first quarter of 2014. Software pre-tax income increased 1 percent and pre-tax margin increased to 31.4%. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $3.5B, down 5% (up 1 percent adjusting for currency) versus the first quarter of 2014. Operating systems revenues of $0.4B were down 15% (down 9 percent adjusting for currency) compared with the prior-year
16:09 EDTIBMIBM reports Q1 Global Services segment revenue down 12%
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16:07 EDTIBMIBM sees FY15 EPS $15.75-$16.50, consensus $15.89
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16:05 EDTIBMIBM reports Q1 EPS $2.91, consensus $2.82
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16:01 EDTAAPL, NFLXOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
15:37 EDTIBMNotable companies reporting after market close
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15:13 EDTIBMIBM April weekly 165 straddle priced for 3.5% movement into Q1
15:05 EDTIBMEarnings Watch: IBM rumored to be concerned about becoming activist target
International Business Machines (IBM) is expected to report first quarter earnings after the close on Monday, April 20, with a conference call scheduled for 4:30 pm ET. IBM, a global information technology services and software company, is a component of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $2.82 on revenue of $19.73B. The consensus range is $2.57-$3.01 for EPS on revenue of $19.31B-$20.49B, according to First Call. During its investor day meeting on February 26, IBM backed its FY15 EPS view of $15.75-$16.50, which compared to consensus at the time of $16.02 and current consensus of $15.89. Based on February 25 spot rates, the company said it expected currency to impact revenue growth by over 7 points for Q1, and over 6 points for the full year. This was greater than the impact previously provided based on January 16 spot rates. In addition, the company said it continued to expect a 4 point impact to revenue growth in each of the first three quarters of 2015 due to the divestiture of the System x business. LAST QUARTER: IBM reported Q4 EPS of $5.81, topping the consensus estimate of $5.41. Revenue came in at $24.1B, which was below the consensus $24.77B projection. IBM said at that time that it had a services backlog of $128B. NEWS: On February 17, IBM unveiled IBM Spectrum Storage, a new storage software portfolio designed to address data storage inefficiencies, according to the company. To accelerate the development of next-generation storage software, IBM also announced plans to invest more than $1B in its storage software portfolio over the next five years. During its analyst day meeting a bit over a week later, IBM said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security. On March 31, IBM announced that it will invest $3B over the next four years to establish a new Internet of Things, or IoT, unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions. On April 2, CNBC reported, citing people with knowledge of the matter, that IBM had hired two investment banks to "formulate a defense plan" since the company was concerned about a potential attack by activist hedge funds. The sources also noted that activist investors in IBM had already tried and failed to get Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct involved in shaking up the company. STREET RESEARCH: On the day after the company's last report, Citigroup cut its price target for IBM shares to $170 from $180. Meanwhile, Jefferies said that day that IBM's cash flow guidance for 2015 was "very weak" and that the company had yet to reach a bottom. The firm continued to believe the risk/reward for shares was skewed negatively and it kept an Underperform rating and $130 price target on IBM shares at that time. On March 2, Atlantic Equities downgraded IBM to Underweight from Neutral. The firm said IBM faces long-term structural issues and it was unconvinced management's strategic plan will change the direction. The firm, which foresees further room for disappointment around consensus expectations of 8% earnings growth in 2016-2017, lowered its price target to $140 from $150 on the stock. On April 15, Credit Suisse lowered its estimates on IBM ahead of the company's Q1 report and reiterated its Underperform rating and $125 price target on the stock. Credit Suisse said then that its concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment. PRICE ACTION: Shares of IBM fell $4.86, or 3.1%, to $152.09 on the first day of trading after its Q4 report. Despite that drop on the day after the report, IBM shares have risen nearly 5% over the last three months. In afternoon trading ahead of tonight's report, IBM is up 3% to $165.49 per share.
12:57 EDTIBMIBM technical comments ahead of earnings
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12:08 EDTNFLXTiming of Rovi renewal with Charter a plus, says JPMorgan
JPMorgan said the timing of the closing of Rovi's (ROVI) renewal of its IP and programming guide agreement with Charter (CHTR) is advantageous given Rovi's other impending renewals and should give some confidence that large service provider renewals don't hinge on the outcome of the company's court case with Netflix (NFLX). However, the firm added that it would not be surprised to see more volatility in Rovi shares if court rulings favor Netflix and it kept a Neutral rating on the stock.
10:11 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
10:00 EDTHALOn The Fly: Analyst Downgrade Summary
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09:52 EDTNFLXRovi deal with Charter a 'material' positive, says Piper Jaffray
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09:36 EDTNFLX, AAPLActive equity options trading on open
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09:28 EDTHALHalliburton on track to complete Baker Hughes transaction late in 2H15
Continues to target annual cost synergies of $2B.
09:24 EDTHALHalliburton will 'take hard look" at its operations
The company said it had reduced the company headcount by 9000 in last two quarters. Looking ahead, the company expects further charges to be significantly smaller. Expects Q2 corporate expenses of $75M, which will be the new quarterly run rate in 2015. Sees Q2 tax rate of approximately 26%. Cuts FY15 CapEx to $2.8B from $3.3B. Expects to see budget constraints in Mexico.
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
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08:43 EDTHALHalliburton downgraded at CLSA
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08:42 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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08:21 EDTGOOGTesla almost sold to Google while near bankruptcy in 2013, Bloomberg says
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08:18 EDTAAPLApple Q2 EPS estimate raised above consensus at Pacific Crest
Pacific Crest raised its Q2 EPS estimate for Apple to $2.17 from $2.15, putting it above the consensus estimate of $2.14. The firm raised its Q2 estimate based on an increase in its iPhone unit outlook, and raised its fiscal 2015 and fiscal 2016 EPS estimates for the company based on higher iPhone and Apple Watch estimates. Nonetheless the firm expects the company to face growth challenges in fiscal 2016, and it keeps a Sector Weight rating on the shares.
08:12 EDTGOOGGoogle April weekly volatility elevated into Q1 and outlook
Google April weekly call option implied volatility is at 38, May is at 26, June is at 24; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 23.
08:04 EDTGOOGTesla CEO held talks to sell company to Google in 2013, Bloomberg reports
Bloomberg cites a new book due out May 19, entitled "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."
07:30 EDTAAPLApple Q2 results likely to beat expectations, says Wells Fargo
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07:24 EDTGOOGGoogle concerns bring buying opportunity, says Deutsche Bank
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07:21 EDTHAL, HALHalliburton downgraded to Underperform from Outperform at CLSA
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07:09 EDTHALHalliburton records $823M after-tax charge in Q1 due to energy downturn
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07:06 EDTHALHalliburton says visibility to depth, length of cycle remains uncertain
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07:02 EDTHALHalliburton says international business more resilient than domestic market
“Total company revenue of $7.1B for the first quarter was down 4% year-over-year, significantly outpacing a 19% global rig count decline, and represented industry-leading performance amidst a challenging commodity price environment. Our global customer base has responded by lowering activity levels and seeking price concessions, which has impacted our margins. As evident by the restructuring charges taken during the quarter, we are taking steps to help mitigate the ongoing impact. North America experienced an unprecedented decline in drilling activity during the first quarter, which drove pricing pressure and margin compression across all product lines. First quarter revenue declined 9% and operating income declined 54%, year-over-year, compared to a 21% reduction in the United States land rig count. Activity has dropped approximately 50% from the peak in late November and we expect to continue to see pricing pressure for our services until the rig count stabilizes. Our international business has been more resilient than the domestic market, with the international rig count down 9% from the peak last July. We continue to anticipate headwinds across all of our international regions this year, as operators reduce their budgets. Lower commodity prices are influencing our customers to re-evaluate asset economics and defer new projects,” said CEO Dave Lesar.
07:01 EDTHALHalliburton reports Q1 adjusted EPS 49c, consensus 37c
Reports Q1 revenue $7.05B, consensus $6.99B.
06:41 EDTGOOGGoogle EU regulatory worries don't warrant a sell off, WSJ says
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06:29 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 46, May is at 25, June is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
06:18 EDTAAPLAnalyst sees Apple Watch as company's 'most profitable product ever,' BI reports
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05:47 EDTCSXStocks with implied volatility movement; TWC CSX
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05:44 EDTAAPLApple cuts orders to upstream partners to reduce risks, DigiTimes reports
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05:22 EDTAAPLBooking.com launches first booking travel app for Apple Watch
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April 19, 2015
19:57 EDTIBMIBM project in China causes some U.S. concern, NY Times says
IBM has in the past 16 months agreed and received U.S. permission to provide a Beijing company, Teamsun, with partial plans of its higher end servers and the software that runs on them but the U.S. tech giant's activities in China are now becoming a sensitive issue for the Obama administration which is trying to get Beijing to drop new policies requiring American companies to share technology in exchange for market access, says the New York Times. Reference Link
14:23 EDTNFLXNetflix stock may see pressure as content costs rise, Barron's says
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14:17 EDTAAPLSony stock may rise 20% over next year, Barron's says
Shares of Sony (SNE) are likely to jump 20% during the next year, Barron's contends in its "Follow Up" column. Barron's notes that the company is rumored to supply camera chips for Apple's (AAPL) iPhone 7, and Sony could also look to exit its TV and mobile phone businesses. Reference Link
13:36 EDTIBMIBM stock could move towards $195 in intermediate term, Barron's says
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