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Stock Market & Financial Investment News

News Breaks
December 5, 2012
14:31 EDTAAPL, NOK, CHLApple sell-off attributed to numerous factors by analyst
Shares of Apple (AAPL) are sinking today primarily because of a "misinterpreted" news report and a "technical breakdown" in the stock, Piper Jaffray analyst Gene Munster wrote in a note to investors this afternoon. Munster doesn't believe the reasons behind the decline hold much water and he recommends buying the stock amid the pull back. One of the primary factors behind the stock's decline is a report by Taiwanese website DigiTimes that Apple's demands for iPhone 5 parts and components may drop 20% in the first quarter of 2013, the analyst wrote. Such a decline, however, is to be expected, since the device was just launched during the current quarter, according to Munster. Also a major contributor to the stock's decline is the fact that the shares' 50 day moving average is nearing its 200 day moving average. At worst, this bearish technical development could cause the stock to decline another 10% from current levels, Munster believes. A third, less important factor behind the stock's sell-off is a decision by COR Clearing to increase its margin requirement on purchases of Apple's stock to 60% from 30%. This decision doesn't affect Apple's fundamentals as a company, the analyst believes. Finally, the announcement by Nokia (NOK) that its Lumia phones will be offered by China Mobile (CHL) by the end of the year could also be hurting Apple's stock, as some investors have speculated that China Mobile will offer the Lumia instead of the iPhone. Munster, however, still expects China Mobile to sell the iPhone in the second half of 2013. In mid-afternoon trading, Apple dropped $27.07, or 4.70%, to $548.78.
News For AAPL;NOK;CHL From The Last 14 Days
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September 8, 2014
07:22 EDTAAPLFormer GT Advanced manager points to sapphire covers at Apple, MacRumors says
While neither Apple (AAPL) nor GT Advanced (GTAT) have confirmed that Apple plans to use sapphire covers for its upcoming iPhones, a former product manager at GT claims on his LinkedIn profile that he played a key role in selling Apple on sapphire display covers for its "mobile devices," according to MacRumors, citing a prior report from TechViking. Reference Link
06:44 EDTAAPLApple's iWatch could have own App Store, will run third-party apps, 9to5Mac says
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06:24 EDTAAPLGT Advanced September volatility elevated into Apple event
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06:21 EDTAAPLSmartwatch market to reach $10B by 2018, says Citigroup
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September 7, 2014
20:37 EDTAAPLApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
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September 5, 2014
16:45 EDTAAPLMarket ends week little changed after mixed economic data
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16:01 EDTAAPLOptions Update; September 5, 2014
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12:03 EDTAAPLAvago climbs after Citi predicts surge in iPhone components
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11:32 EDTAAPLApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA YHOO WFM SLW ABX GOOG FB BIDU
08:22 EDTAAPLNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:30 EDTAAPLApple iWallet would be positive for payment networks, says JPMorgan
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07:26 EDTAAPLApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
07:06 EDTCHLChina Mobile volatility increases as shares at six-year high
China Mobile overall option implied volatility of 22 is above its 26-week average of 18 according to Track Data, suggesting large near term price risk.
07:05 EDTAAPLApple shares could work going forward, says RBC Capital
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06:29 EDTAAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
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06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
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