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Stock Market & Financial Investment News

News Breaks
October 22, 2013
16:43 EDTRSH, SYMM, TRV, NUS, UTX, NFLX, COH, MSCC, DD, AAPLOn 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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December 9, 2014
06:48 EDTNFLXNetflix wants to be 'completely global' within five years, GigaOM reports
Netflix Chief Content Officer Ted Sarandos told investors at the UBS Global Media and Communications Conference that the company wants to be "completely global" and available everywhere in the world before 2020, GigaOM reports. CEO Reed Hastings has previously said that the company could eventually generate up to 80% of its revenue outside the U.S. Reference Link
06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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15:49 EDTNUSNu Skin to host investor day
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14:31 EDTNUSNu Skin December volatility elevated into investor day
Nu Skin December weekly call option implied volatility is at 84, December is at 56, January is at 50, March is at 52; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement into company hosted investor day on December 12.
13:16 EDTAAPLApple trades off session lows, levels to watch
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11:29 EDTNFLXNetflix falls to session lows, levels to watch
The shares are down over 2% to $342.44. At that price next support is at $340.05. Resistance is at $345.45.
10:00 EDTNFLXOn The Fly: Analyst Initiation Summary
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10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:52 EDTUTXUnited Technologies to unveil major Canadian R&D investment, Globe and Mail says
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08:57 EDTUTXUnited Technologies upgraded at Bernstein
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07:51 EDTRSHRadioShack denies claims of default under $250M credit agreement
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07:43 EDTUTXUnited Technologies December volatility elevated into investor meeting
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07:32 EDTMSCCRaymond James to hold a conference
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Bernstein
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06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 7, 2014
18:04 EDTUTXSikorsky awarded $1B Indian military helicopter deal, WSJ says
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17:43 EDTRSHRadioShack looks to amend terms of loan from Salus, Bloomberg says
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