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Stock Market & Financial Investment News

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January 24, 2013
09:01 EDTSWKS, CRUS, NOK, LOGI, ESI, MLNX, NVAX, XRX, FFIV, TZOO, SWFT, NFLX, AAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS/GUIDANCE: Netflix (NFLX), up 40%... Swift Transportation (SWFT), up 13.5%... Travelzoo (TZOO), up 7.6%... F5 Networks (FFIV), up 4%... Xerox (XRX), up 3.6%... ALSO HIGHER: Novavax (NVAX), up 7.8% after BARDA decides to continue contracts for both seasonal and pandemic flu programs... DOWN AFTER EARNINGS/GUIDANCE: Apple (AAPL), down 9.9%... Mellanox (MLNX), down 19.6%... ITT Educational (ESI), down 9.2%... Logitech (LOGI), down 8.4%... Nokia (NOK), down 5.8%... ALSO LOWER: Several Apple component suppliers lower after Apple's report, including Cirrus Logic (CRUS), down 6.1% and Skyworks (SWKS), down 5%.
News For AAPL;NFLX;SWFT;TZOO;FFIV;XRX;NVAX;MLNX;ESI;LOGI;NOK;CRUS;SWKS From The Last 14 Days
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October 13, 2014
08:50 EDTNFLXNetflix charging extra for 4K Ultra HD content, Variety reports
Netflix will require subscribers to pay its most expensive service tier for 4K Ultra HD content, reports Variety. Subscribers must sign up for the "family" plan at $11.99 monthly, which allows for simultaneous streaming of up to four programs. The reason for the change was that producing and acquiring 4K content costs more that conventional HD, so it has repositioned Ultra HD as a premium offering. Reference Link
08:31 EDTAAPLApple says iPhone 6, 6 Plus to arrive in 36 more countries this month
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07:43 EDTNFLXNetflix Q3 results expected to be inline, says Canaccord
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07:04 EDTFFIVF5 Networks weakness a buying opportunity, says William Blair
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06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:11 EDTSWKSSkyworks implied volatility of 59 at upper end of index mean range
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06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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October 10, 2014
17:57 EDTAAPLGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
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17:14 EDTAAPLMarket ends week lower amid global growth worries
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16:02 EDTAAPL, NFLXActionable Options for Friday, October, 10
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15:30 EDTAAPLApple, Bose settle patent infringement litigation, CNBC reports
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10:29 EDTSWKSMicrochip CEO warning on industry correction sinks semiconductors
Shares of a number of semiconductor makers are falling sharply after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector had entered a correction. In a note to investors today, research firm FBR Capital said Microchip's comments "could be worrisome, " and the firm responded by taking a more defensive stance on the space. WHAT'S NEW: Microchip, which develops microcontroller and analog semiconductors, estimated that its second quarter revenue would come in at $546.2M, versus its previous guidance of $560.0M-$575.9M and analysts' consensus estimate of $568M. The company said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and built a significant amount of inventory in the distribution channel in the September quarter and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future. ANALYST REACTION: In a note to investors today, FBR Capital analyst Christopher Rolland said that Microchip's statements come in the wake of other negative signs for the sector. In August and September, lead times for the sector fell versus the month before, the analyst stated. Additionally, revenue trends at Taiwanese chip makers weakened in August, Rolland stated. The analyst said that Microchip's statements pushed him over the fence, causing him to take a more defensive stance on the sector. He removed ON Semiconductor (ONNN) from FBR's Top Picks list but kept an Outperform rating on the stock, as he believes that its valuation is "very reasonable." Rolland maintained Market Perform ratings on Atmel (ATML), Texas Instruments (TXN), Fairchild (FCS), AMD (AMD), and Applied Micro Circuits (AMCC). Sterne Agee also attributed weakness in the sector to Microchip's warnings, but the firm recommended buying NXP Semiconductors (NXPI), Avago (AVGO), and Skyworks (SWKS) due to their strong product cycles with EMV and upcoming iPhone-iPad launches from Apple (AAPL). In addition, the firm said it would buy Micron (MU) and SanDisk (SNDK) given tight supply, below normal inventory levels, and tailwinds from China. PRICE ACTION: In early trading, Microchip dropped nearly 14% to $39.29, Intel (INTC) fell almost 6% to $31.67, On Semiconductor slid 10% to $7.53, Atmel tumbled 11.5% to $6.61, Texas Instruments slipped 8% to $42.16, Fairchild slumped 10.6% to $12.95, AMD dropped 6% to $2.77, Applied Micro declined 10% to $6.19, and NXP Semiconductors was 14% lower to $55.27.
10:15 EDTNOKNokia, China Mobile sign framework agreement valued at $970M
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10:12 EDTAAPLApple to remove Bose products from retail stores, MacRumors reports
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09:38 EDTAAPLActive equity options trading on open
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09:06 EDTFFIVF5 Networks checks indicate return to stable growth, says Janney Capital
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07:39 EDTAAPLApple underappreciated but Icahn estimates aggressive, says UBS
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07:08 EDTAAPLApple given at least 3 days to block info in GT bankruptcy case, Reuters says
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07:04 EDTAAPLAmazon in talks to join digital locker for movies. WSJ reports
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06:39 EDTNFLXNetflix spends $150M annually on content recommendations, Gigaom reports
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