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January 25, 2013
16:30 EDTNFLX, HLF, T, EGHT, OSK, XOM, PG, SCSS, NUS, MSFT, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher with the Nasdaq leading the major averages, despite another down day from its biggest component Apple (AAPL). The S&P 500 spent most of the session near the important psychological level of 1500, eventually finishing just above that level, within reach of its all-time highs... ECONOMIC EVENTS: In the U.S., data showed new home sales fell 7.3% to a 369K rate in December, versus expectations for an increase of 2.1%. However, November sales were revised substantially higher. In Europe, the ECB announced that 278 banks will repay over EUR137B of LTRO funds at the end of this month, which was more than expected. Also, German business confidence increased more than economists forecast, as indicated by the Ifo institutes' business climate index climbing to 104.2 from 102.4 in December... COMPANY NEWS: Three Dow components reported earnings last night or this morning and all three advanced after their reports. Procter & Gamble (PG) led the Dow, up $2.83, or 4.02%, to $73.25 after its earnings and guidance beat expectations. Microsoft (MSFT) gained 25c, or 0.9%, to $27.88 and AT&T (T) gained 27c, or 0.8%, to $34.02... Apple shares fell $10.65, or 2.36%, to $439.85, bringing the company's market cap to $413.04B, making ExxonMobil (XOM) the world's most valuable company and taking Apple shares to their 52-week low... On CNBC's Fast Money Halftime, Bill Ackman discussed his short position in Herbalife (HLF) again, and responded to attacks by activist investor Carl Icahn. During his interview, Ackman mentioned that he has heard Dan Loeb, who notably took a long position in Herbalife, is short shares of Nu Skin (NUS). Icahn later joined the broadcast and the two hedge fund managers aired their personal grievances in a bizarre half hour of television... MAJOR MOVERS: Among the notable gainers were Oshkosh (OSK), up $6.50, or 18.8%, to $41.08 after beating quarterly earnings expectations and raising its FY13 profit view, and Netflix (NFLX), which gained $22.70, or 15.46%, to $169.56 following a 42% gain during yesterday's session. Among the noteworthy losers following earnings reports were Select Comfort (SCSS), down $5.04, or 17.87%, to $23.16 and 8x8 (EGHT), down 86c, or 10.83%, to $7.08... INDICES: The Dow was up 70.65, or 0.51%, to 13,895.98; the Nasdaq was up 19.33, or 0.62%, to 3,149.71; the S&P 500 was up 8.14, or 0.54%, 1,502.96.
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November 12, 2015
08:15 EDTPGTarget names Melanie Healey to board of directors
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06:49 EDTAAPLQualcomm share loss at Samsung worse than expected, says JPMorgan
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06:49 EDTAAPLPayPal volatility elevated after reports of Apple working on payment service
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06:39 EDTMSFTMicrosoft unveils plan to protect European data from U.S. overreach, FT says
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06:37 EDTAAPLCiti says PayPal thesis unchanged with possible Apple P2P launch
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05:51 EDTAAPLApple P2P offering to have limited impact, says Piper Jaffray
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November 11, 2015
16:26 EDTAAPLOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street finished the day lower following a range-bound session marked by lighter than normal volume due to the Veteran's Day holiday. The lower participation allowed the market to digest the latest round of earnings with the reporting season beginning to wind down. Oil remained under pressure and closed near three week lows, as production has not really declined despite lower pricing. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet with no major data reported. U.S. bond markets were closed in observance of Veteran's Day. In China, industrial output rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of Alibaba Group (BABA) trading in New York fell $1.62, or 1.98%, to $79.81 despite its report of blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast... Macy's (M) shares fell 14% to $40.41 after the department store operator cut its fiscal year sales and profit forecasts and said it would not follow an activist investor's suggestion to form a real estate investment trust. A number of its peers fell as well, including J.C. Penney (JCP), which dipped 1.9% despite previewing that its own quarterly results should be better than its prior expectations. Penney, which pre-announced stronger than expected same-store sales growth of 6.4% for Q3, is set to report full quarterly results on Friday morning... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner following today's announcements, rising 4.4% to $92.19. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which rose 33c, or 4.39%, to $7.85 after Dialog Semiconductor (DLGNF) issued a statement saying it continues to "strongly" support its agreement to acquire the company. Also higher was Amazon (AMZN), which gained $14.18, or 2.15%, to $673.86 after research firm Morgan Stanley raised its price target on the name to $800 from $750 on the growing opportunity of Amazon Web Services. Separately, Wayfair (W) rallied 5.4% to $41.57 after Cowen analysts raised their target on the shares to $61 from $56 and reiterated an Outperform rating, calling Tuesday's selloff misguided. Among the noteworthy losers were Horizon Pharma (HZNP) and Insys (INSY), which declined a respective 19.6% and 8.7% after Express Scripts (ESRX) cut ties with Linden Care, a specialty pharmacy used by both companies. Also lower was PayPal (PYPL), which fell 67c, or 1.81%, to $36.33 shortly before the close after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform. Additionally, Intercept (ICPT) lost $24.02, or 11.66%, to $181.95 after FBR Capital cut its price target on the stock to $192 from $273, saying the market opportunity for Intercept's obeticholic acid liver disease candidate appears smaller than initially thought. INDEXES: The Dow dropped 55.99, or 0.32%, to 17,702.22, the Nasdaq slid 16.22, or 0.32%, to 5,067.02, and the S&P 500 declined 6.72, or 0.32%, to 2,075.00.
16:00 EDTAAPLOptions Update; November 11, 2015
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15:38 EDTAAPLApple at work on potential rival to PayPal Venmo payment service, WSJ reports
Apple (AAPL) is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's (PYPL) Venmo platform, the Journal said. Paypal shares fell 2.5% in afternoon trading following the report. Reference Link
15:33 EDTAAPLPayPal dips after report of Apple woking on payment service
Shares Paypal (PYPL) are down 1.7% following a Dow Jones report that says Apple (AAPL) is working on a mobile person-to-person payment service that could challenge Paypal's Venmo.
15:31 EDTAAPLApple in talks with banks on mobile person-to-person payment sevice, DJ says
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14:51 EDTAAPLApple CEO Cook vows to stay in Ireland regardless of tax verdict, RTE says
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10:32 EDTNUSOptions with increasing implied volatility
Options with increasing implied volatility: STRP MW FTK RPTP MNK CVC GMCR ATML NUS BHI
09:38 EDTAAPLApple slides lower, levels to watch
The stock was last at $116, down fractionally on the day so far but suggesting a test at $115 is possible. That level has been important support in the past. Below it, support the next key level is at the $105 area. There is still a potential bearish head and shoulders pattern on the long-term chart that would trigger below that point. Resistance is at yesterday's closing price at $116.77.
09:38 EDTAAPLActive equity options trading on open
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07:59 EDTTMorgan Stanley to hold a conference
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07:40 EDTTWells Fargo to hold a conference
6th Annual Media & Telecom Conference is being held in New York on November 10-11 with webcasted company presentations to begin on November 11 at 8 am; not all company presentations may be webcasted. Webcast Link
06:34 EDTAAPLApple acquired 15 firms in past year, 6 unknown, AppleInsider reports
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06:27 EDTAAPLApple to hire an additional 1,000 staff in Ireland, Reuters reports
Apple is set to add 1,000 jobs in Ireland, Reuters reports, citing comments made by Irish jobs minister Richard Burton. The jobs are expected to be added at Apple's base in Cork. Reference Link
06:21 EDTAAPLApple Music available for Android, BuzzFeed News reports
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