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Stock Market & Financial Investment News

News Breaks
October 22, 2013
16:43 EDTNUS, UTX, NFLX, COH, MSCC, DD, AAPL, RSH, SYMM, TRVOn The Fly: Closing Wrap
Stocks on Wall Street were higher after the delayed jobs report showed employers added 148,000 jobs in September. The worse-than-expected jobs number may have given investors reason to believe the Federal Reserve will not look to taper its pace of asset purchases until next year. Today's advance pushed the S&P 500 to another all-time closing high. ECONOMIC EVENTS: The Labor Department's previously delayed employment report for September showed the economy added 148,000 jobs in September, well below analysts' forecast for 185,000. The unemployment rate, however, dipped to 7.2% from 7.3%. The Richmond Fed's manufacturing index inched up to 1 in October from a 0 reading in the prior month. Construction spending rose 0.6% in August, beating expectations for it to have grown 0.4% during the month. COMPANY NEWS: Apple (AAPL) announced a number of new products at a company event in California this afternoon, including a new line of iPads and new MacBook Pro laptops. The company announced that its flagship iPad model will come in a thinner form factor and will be called iPad Air, and its iPad mini will now be available with its high-definition Retina display. Apple announced new MacBook Pro laptops, a new Mac Pro computer tower, and a new desktop operating system, OS X Mavericks, which will be available today via a free download for existing users. Shares of Apple, however, were slightly lower with investors perhaps "selling the news," closing down $1.53, or 0.29%, at $519.83... Internet streaming video service Netflix (NFLX) last night reported stronger than expected quarterly results, sending its shares higher in after-hours and pre-market trading, but all of these gains were forfeited during today's trade, with the stock eventually closing down $31.87, or 9.15%, at $322.52... Three Dow members, including DuPont (DD), Travelers (TRV), and United Technologies (UTX), were among the companies reporting before today's open or after last night's close. All three reported headline earnings that beat consensus, though only DuPont advanced following its report. MAJOR MOVERS: Among the notable gainers was Symmetricom (SYMM), up $2.44, or 51.15%, to $7.21 after the company agreed to be acquired by Microsemi (MSCC) for $7.18 per share. Shares of Microsemi also advanced, rising 60c, or 2.35%, to $26.16 following the news. Also higher was Nu Skin (NUS), up $8.63, or 8.4%, to $111.33 after reporting earnings that beat estimates and raising its long-term sales target to $10B per year from $5B. Among the noteworthy losers following their earnings reports were electronics retailer RadioShack (RSH), down 63c, or 17.9%, to $2.89, and luxury handbag maker Coach (COH), which fell $4.08, or 7.53%, to $50.10. INDEXES: The Dow was up 75.46, or 0.49%, to 15,467.66; the Nasdaq was up 9.52, or 0.24%, to 3,929.57; and the S&P 500 was up 10.01, or 0.57%, to 1,754.67.
News For AAPL;NFLX;TRV;DD;UTX;SYMM;MSCC;NUS;RSH;COH From The Last 14 Days
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June 22, 2015
05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
June 19, 2015
16:24 EDTUTXStocks end week higher after Fed reassures on gradual pace of rate increases
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16:00 EDTAAPL, NFLXOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
14:07 EDTNFLXOptions with increasing implied volatility: NFLX CI TRIP AET
12:46 EDTAAPLApple denies coercing artists into Apple Music deals, Rolling Stone reports
An Apple spokesman has denied allegations that it is threatening to remove music from its iTunes store by artists who do not sign up for the Apple Music service, reports Rolling Stone. A company spokesman said "It will not be taken off". The comments came after musician Anton Newcombe went on Twitter, alleging that an Apple representative threatened to take off their music if he didn't sign on. Reference Link
09:37 EDTNFLX, AAPLActive equity options trading on open
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08:02 EDTDDDuPont announces 'when-issued' trading of Chemours common stock
DuPont announced that, in connection with the separation of its Performance Chemicals segment through the planned spin-off of The Chemours Company on July 1, 2015, Chemours common stock will today begin "when-issued" trading on the New York Stock Exchange under the ticker symbol "CC WI". Chemours is expected to begin "regular way" trading on the New York Stock Exchange under the ticker symbol "CC" on July 1, 2015.
07:30 EDTNFLXNetflix price target raised to $800 from $610 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his 12-18 month price target for shares of Netflix to $800 from $610. The streaming service closed yesterday up $3.30 to $663.20. The new target reflects the company's plans to enter Japan, Cuba, Spain, Italy and Portugal, all in 2015, the analyst tells investors this morning in a research note. Helfstein's revised model assumes global subscribers of 239M in 2020, equaling 32% penetration of broadband homes, which the analyst says is consistent with Netflix's 2015 rates in older markets. He reiterates an Outperform rating on the stock.
06:18 EDTAAPLApple Music unable to secure rights to '1989' album, BuzzFeed News reports
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June 18, 2015
14:31 EDTAAPLApple said to plan video camera for next Watch, 9to5Mac reports
Apple plans to add a "FaceTime" video camera, more iPhone independence and additional premium-priced variants with the next iteration of the Apple Watch, but may only keep, or slightly improved, the existing battery life with the next device, reported 9to5Mac's Mark Gurman, citing multiple sources familiar with the company's plans. Reference Link
13:02 EDTAAPLWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
12:10 EDTAAPLContract electronic manufacturers underperform after Jabil results
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12:04 EDTAAPLActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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11:31 EDTNFLXOptions with increasing implied volatility
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09:35 EDTAAPLActive equity options trading on open
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08:21 EDTUTXUnited Technologies-led consortium signs maintenance agreement with Air Serbia
Pratt & Whitney unit Pratt & Whitney announced that Air Serbia, the national airline of the Republic of Serbia, has entered into a V-Services Fixed Price Agreement to maintain its 21 V2500 engines. The V2500 engine is offered through IAE International Aero Engines AG, an aero engine consortium led by Pratt & Whitney, in collaboration with Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
08:07 EDTAAPLAnalog Devices secured design win in next iPhone, says Citi
Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.
07:43 EDTUTXRolls-Royce to refresh line of business-jet engines, WSJ reports
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07:09 EDTAAPLAlmost 20% of Apple Watch buyers have purchased spare band, Reuters says
Nearly 20% of Apple Watch buyers have also purchased a spare band for the watch, Reuters reports, citing data from Slice Intelligence. Slice estimates that Apple has sold 2.79M watches as of mid-June, the report says. The data shows that approximately 17% of Apple Watch shoppers have purchased more than one band, with the entry level sports brand as the highest seller at $49, Reuters says. Other popular bands are the quilted leather loop at $149 and the stainless steel link bracelet for $449. Reference Link
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