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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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August 18, 2014
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
August 17, 2014
18:38 EDTAAPLToo early to sell Apple, Barron's says
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August 15, 2014
16:00 EDTAAPLOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
10:09 EDTAAPLSony expected to debut Smartwatch 3 next month, GigaOM reports
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10:01 EDTCHLOn The Fly: Analyst Upgrade Summary
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09:35 EDTAAPLActive equity options trading on open
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08:29 EDTAAPLChina Telecom now hosting Apple iCloud data in China, Marbridge Daily says
Apple (AAPL), which had previously been storing iCloud data for its Chinese users on servers in the U.S., in reportedly using China Telecom (CHA) as its sole cloud storage services provider in China, according to online Chinese media reports, said Marbridge Daily, citing Sina Tech. Apple and China Telecom have not commented, the report noted. Reference Link
06:37 EDTCHLChina Mobile upgraded to Neutral from Underperform at Mizuho
August 14, 2014
19:41 EDTAAPLApple considering sapphire glass in upcoming iPhone, smartwatch, WSJ reports
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18:04 EDTNOKInterDigital loses patent case against Nokia, ZTE, Bloomberg reports
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17:08 EDTAAPLSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
17:00 EDTAAPL, NOKGreenlight Capital gives quarterly update on stakes
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16:01 EDTAAPLOptions Update; August 14, 2014
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14:13 EDTAAPLOmega Advisors gives quarterly update on stakes
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13:56 EDTNOKVodafone selects Nokia Networks to launch LTE network in New Zealand
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10:05 EDTCHLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading on open
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09:31 EDTCHLChina Mobile upgraded to Outperform from Neutral at Credit Suisse
07:55 EDTAAPLApple bans two chemicals from iPhone, iPad final stages, AP says
Apple said its investigation at 22 factories found no evidence that two potentially hazardous chemicals, benzene and n-hexane, endangered the plants' workers, but the company is banning the use of those chemicals in the final assembly of iPhones and iPads, reported Associated Press, citing statements from the company. Apple is still allowing use of the two chemicals during the early production phases, but is lowering the maximum amount of benzene and n-hexane that can be present in the materials used during those phases. Reference Link
06:19 EDTAAPLLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
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