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Stock Market & Financial Investment News

News For GOOG;CSX;IBM;HAL;NFLX;AAPL From The Last 14 Days
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January 22, 2016
14:44 EDTNFLXDavid Einhorn short Tesla, Netflix, Amazon, Institutional Investor's Alpha says
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14:41 EDTGOOGFrench Minister says Google in talks to settle EU tax fights, WSJ reports
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13:42 EDTAAPLApple iPhone upgrade program off to stable start, says Piper Jaffray
Piper Jaffray analyst Gene Munster noted that Citizen's Financial (CFG), Apple's (AAPL) financing partner for the iPhone upgrade program, reported that it had $220M in iPhone loans at the end of the year. That balance implies that Apple sold about 250,000 iPhones on the program since the iPhone 6S launch, said Munster, adding that he views this as a "stable start" for the program. Munster, who continues to think that program will help shrink the iPhone upgrade cycle in the U.S., keeps an Overweight rating and $179 price target on Apple shares.
13:35 EDTAAPLCitizens Financial reports $220M of iPhone loans made by end 2015
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11:39 EDTHALHalliburton technical comments ahead of results
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11:18 EDTIBMSplunk outperforms after analyst predicts major deal with IBM
Shares of Splunk (SPLK) are rising in Friday morning trading after Northland opined that the "Big Data" software products company and tech giant IBM (IBM) may be close to a meaningful partnership. WHAT'S NEW: Northland analyst Tim Klasell heard from a "few industry sources" that Splunk and IBM are "moving closer together" and could agree to a meaningful partnership over time. The analyst told investors in a research note that IBM is getting close to a "big move to improve its ties" with Splunk. While Klasell did not know the financial details, he believes such a partnership could be a "nice tailwind" for Splunk to sign larger deals. The analyst has an Outperform rating on Splunk with an $80 price target. WHAT'S NOTABLE: IBM, which reported earnings on January 19, said on its quarterly conference call that it was making "significant progress" in transitioning to a cloud company. "In 2015, our strategic imperatives of cloud, analytics, mobile, social and security grew 26% to $29B and now represent 35% of our total revenue," said IBM CEO Ginni Rometty. "As we transform to a cognitive solutions and cloud platform company, we are well positioned to continue delivering greater value to our clients and returning capital to our shareholders." Two days after IBM's fourth quarter earnings report, on January 21, the company acquired Ustream, a provider of cloud-based live video streaming services, in a move designed to extend the IBM Cloud platform to help enterprise clients unlock the value of video. Financial terms of the deal were not disclosed. PRICE ACTION: Shares of Splunk are higher by 2.9% to $49.88 in Friday morning trading, while shares of IBM are down fractionally.
10:42 EDTAAPL, NFLXStocks with call strike movement; AAPL NFLX
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09:34 EDTAAPL, NFLXActive equity options trading on open
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09:28 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: 8x8, Inc. (EGHT), up 12.5%... Intuitive Surgical (ISRG), up 2.2%. ALSO HIGHER: Apple (AAPL), up 1.9% after Piper Jaffray's Gene Munster says that Apple could rally over 50% by September... Chesapeake Energy (CHK), up 6.4% after announcing that it is suspending its quarterly preferred stock dividends... NephroGenex (NRX), up 27.3% after the independent Data and Safety Monitoring Board recommendation to continue the Pyridorin study... Avon Products (AVP), up 4.4% after being upgraded to Overweight from Neutral at Piper Jaffray... Freeport-McMoRan (FCX), up 6.7% after Reuters reports that Indonesia asked the company to set aside another $530M into an escrow account for the miner to extend its permit to export copper concentrate. DOWN AFTER EARNINGS: American Express (AXP), down 6.9%... Starbucks (SBUX), down 2.6%... Cardiovascular Systems (CSII), down 32.3%... GE (GE), down marginally. ALSO LOWER: Barrick Gold (ABX), down 3.4% after giving fourth quarter and fiscal 2015 production guidance and announcing potential asset impairment charges of $1B-$1.2B.
07:29 EDTAAPLApple iPhone sales likely to come in at low 50M range in Q1, says Stifel
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07:02 EDTAAPLApple volatility elevated into Q1 and outlook
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06:59 EDTIBMSplunk, IBM may be close to meaningful partnership, says Northland
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06:50 EDTIBMMarket selloff may lead to business technology takeovers, WSJ says
The recent market selloff is hitting the business technology sector, but may come with an opportunity for the top companies in the sector to acquire smaller companies, the Wall Street Journal says. Companies such as Box (BOX), Hortonworks (HDP), Workday (WDAY), and others may become takeover targets for groups such as IBM (IBM), HP Enterprise (HPE), Cisco (CSCO), and SAP (SAP), the report says. Reference Link
06:43 EDTHALHalliburton volatility elevated into Q4 and outlook
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06:36 EDTAAPLApple suppliers expect drop in iPhone orders, Reuters reports
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06:33 EDTGOOG, AAPLApple got $1B from Google to maintain search bar on iPhone, Bloomberg says
Google (GOOG) paid Apple (AAPL) $1B in 2014 to keep its search bar on the iPhone, Bloomberg reports, citing a transcript of court proceedings from Oracle's (ORCL) copyright suit against Google. Google has a pact with Apple that gives the iPHone maker a percentage of the revenue Google brings in through the Apple device, the report says, citing an attorney for Oracle at the hearing. Reference Link
06:13 EDTGOOGOracle lawyer: Google's Android brings in $31B in revenue, Bloomberg says
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06:05 EDTAAPLPiper's Munster says Apple could rally over 50% by September
Piper Jaffray analyst Gene Munster recommends buying shares of Apple into the company's earnings report on January 26. Over the next six months, the stock will rally on the iPhone number change cycle and experience multiple expansion, the analyst tells investors in a research note. Munster believes shares of Apple could achieve upside of over 50% from current levels by the iPhone 7 launch in September. Apple has traded at a lower multiple than today in only one month, April 2013, over the past 120 months or 10 years, Munster writes. He believes the "historic multiples" being applied to Apple right now imply that bad news is being priced in. The analyst keeps an Overweight rating on the iPhone maker with a $179 price target. Apple closed yesterday down 49c to $96.30.
05:57 EDTAAPLTaiwan smartphone sales to reach 7.5M-8M units in 2016, DigiTimes reports
Smartphone sales in Taiwan are expected to stay flat at 7.5M-8M units in 2016, reports DigiTimes. According to sources from local retail channels, the proportion of sales of high-end models will continue to fall, which will push vendors to focus on renovation and differentiation, while also strengthening their deployments in new products. Reference Link
05:57 EDTAAPLApple hires top researcher in virtual reality, Financial Times reports
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