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Stock Market & Financial Investment News

News For AAPL;PG;T;MSFT;XOM;HLF;NUS;OSK;NFLX;SCSS;EGHT From The Last 14 Days
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March 31, 2015
18:56 EDTAAPLApple could sell 1M Apple Watches in first weekend, says Piper Jaffray
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17:40 EDTPGHelen of Troy subsidiaries acquire Procter & Gamble's Vick VapoSteam business
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16:00 EDTAAPLOptions Update; March 31, 2015
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15:26 EDTAAPLApple heads lower for test of the 50-day moving average, levels to watch
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11:35 EDTAAPLApps, content being rolled out for Apple Watch, 9to5Mac says
Uber, The New York Times (NYT), and Flipboard have rolled out content or apps for Apple's (AAPL) upcoming Apple Watch, according to 9to5Mac. Reference Link
09:49 EDTAAPLApple may have tried luring artists from Jay-Z's music service, Billboard says
Apple's executive Jimmy Iovine has been trying to lure people from Jay-Z's music service Tidal, reports Billboard. In an interview with Jay-Z, he did not directly confirm the rumor that Iovine lured people away by paying "more money upfront," but did say "that's just competitive nature, and I don't know if he's looking at the bigger picture." Reference Link
09:39 EDTNFLX, AAPL, MSFTActive equity options trading on open
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09:21 EDTSCSSSelect Comfort issues letter over Blue Clay proxy, sees doubling EPS by 2019
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09:07 EDTTCSC selected by Vattenfall to build IT workplace environment
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08:19 EDTAAPLApple March quarter revenue should come in above guidance, says RBC Capital
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06:49 EDTAAPLLeaked photos may show Apple iPhone 6C, 9to5Mac says
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06:39 EDTAAPLApple expands 'Maps Connect' service to 12 countries, AppleInsider says
Apple (AAPL) has expanded its "Maps Connect" service to Italy, Mexico, and Switzerland, reports AppleInsider. The service allows small business to self-submit listings and location information that will then appear on the company's Maps app after review, with the aim of bringing the service in line with what Google (GOOG) Maps offers. Reference Link
06:21 EDTTT-Mobile mid-band spectrum rises in value after recent auction, WSJ says
The value of the mid-band spectrum given by AT&T (T) to T-Mobile (TMUS) as part of their failed bankruptcy proceedings has risen from $1B in 2012 to an estimated $4.7B in the wake of the recent spectrum auction, reports the Wall Street Journal, citing analysts at New Street Research. Reference Link
06:16 EDTTAT&T rolls out high-speed internet in Cupertino, WSJ says
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March 30, 2015
16:00 EDTAAPLOptions Update; March 30, 2015
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12:45 EDTAAPLApple giving store credit for non-iPhone smartphones, 9to5mac says
For the first time, Apple is allowing consumers to receive credit for some smartphones not made by Apple at Apple Retail Stores, according to 9to5mac. The credit can be used towards the purchase of a new iPhone 5c, iPhone 6, or iPhone 6 Plus, the website noted, adding that it reported earlier this month that Apple was planning to launch such a program. Reference Link
12:22 EDTAAPLOn The Fly: Midday Wrap
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11:21 EDTXOMHill receives contract from ZADCO to manage infrastructure improvements
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11:01 EDTXOMExxon Mobil begins production at Hadrian South in Gulf of Mexico
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10:07 EDTTAT&T management to meet with UBS
Meeting to be held in Taipei on March 30 hosted by UBS.
07:49 EDTAAPLBarclays ups Analog Devices on Apple design wins
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07:28 EDTAAPLApple May volatility elevated at 32
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07:28 EDTNFLXPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
06:20 EDTMSFTMicrosoft buys LiveLoop, terms not disclosed, WSJ reports
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05:35 EDTAAPLAnalog Devices upgraded to Overweight from Equal Weight at Barclays
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March 27, 2015
19:00 EDTMSFTMicrosoft, Yahoo extend search partnership discussions for 30 days
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16:01 EDTAAPLOptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
09:37 EDTAAPLActive equity options trading on open
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07:16 EDTTAT&T management to meet with UBS
Meeting to be held in Hong Kong on March 27 hosted by UBS.
06:37 EDTXOMOil retreats after Goldman says attacks won't have much impact, Reuters reports
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06:14 EDTAAPLApple secretly acquired Acunu in 2013, Bloomberg reports
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06:14 EDTAAPL, TAT&T betting on slow decline in traditional cable packages, WSJ says
AT&T (T) knew that demand for cable bundles had likely peaked when it bought DirecTV (DTV), but the company believes the decline in traditional cable businesses will be slower than anticipated, allowing it to fund upgrades to its broadband network, reports the Wall Street Journal, citing statements by Chief Strategy Officer John Stankey. "The world is going to be broadband... and that is where we want to be," said Stankey. The Journal notes that Apple (AAPL), Time Warner's (TWC) HBO, and Dish (DISH) have launched or plan to launch web-TV packages and services. Reference Link
05:57 EDTMSFTMicrosoft to push 2 inexpensive notebooks in mid-2015, DigiTimes says
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05:49 EDTTStocks with implied volatility movement; SWKS T
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March 26, 2015
16:01 EDTAAPLOptions Update; March 26, 2015
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12:38 EDTAAPLApple Watch inventory to be constrained initially, 9to5mac says
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12:17 EDTAAPL, MSFT, TEarnings Preview: Analyst sees BlackBerry's revenue bottoming in Q4
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10:44 EDTNFLXRovi expects decision in Netflix case within next few months, remains confident
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10:04 EDTNFLXOn The Fly: Analyst Initiation Summary
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09:36 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TWTR FB KRFT BIDU TSLA CELG NFLX FCAU
09:02 EDTTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
08:59 EDTPGWaferGen announces industrial partnership with Procter & Gamble
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08:56 EDTXOMExxon Mobil volatility flat as WTI oil trades above $51
Exxon Mobil March weekly call option implied volatility is at 17, May is at 16, June is at 17, and October is at 18; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement.
08:20 EDTNFLXNetflix initiated with a Hold at Argus
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07:21 EDTAAPLApple price target raised to $145 from $140 at Credit Suisse
Credit Suisse raised Outperform rated Apple's price target to $145 and increased estimates based on near-term iPhone strength, better mix, and Watch awareness, all of which should offset currency headwinds.
06:58 EDTAAPLApple may introduce trade-in program for iPhones in China, Bloomberg reports
Apple plans to launch a trade-in program for iPhones in China with FoxConn Technology, reports Bloomberg. According to people familiar with the effort, consumers will be able to take older iPhones to Apple stores for credit against the company's products as soon as March 31. Foxconn will buy and re-sell the phones as part of the program. Reference Link
06:36 EDTXOMOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:32 EDTMSFTGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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06:06 EDTNFLXRovi says confident in Netflix suit arguments, Bloomberg reports
Rovi (ROVI) told Bloomberg last night that it is aware of speculation regarding its patent infringement suit against Netflix (NFLX) and remains confident in its arguments while awaiting the judge's decision. Shares of Rovi dropped 12% in late trading yesterday and closed at $18.42.
06:03 EDTNFLXRovi traded lower on Netflix suit speculation, says Piper Jaffray
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05:59 EDTAAPLApple Watch yields low but are increasing, DigiTimes reports
Apple Watch yields in Q1 are reportedly mostly below 50%, but supply chain makers have noted the yields are on the rise, reports DigiTimes. Total shipments are for the device during 2015 are expected to reach 15M after an initial 4M shipments in Q1. Due to low yields in assembly and overall production , makers estimate the device will see an initial 2-2.2M in shipments before its release in April. Reference Link
05:58 EDTAAPLApple expected to release 3 new iPhone models in 2H15, DigiTimes reports
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05:56 EDTAAPLTSMC to supply chips for rumored iPhone 6S and 6C models, DigiTimes reports
TSMC (TSM) will remain the major processor supplier for Apple (AAPL) in 2H15, reports DigiTimes. According to industry sources, TSMC will supply 20nm chips for the upcoming 6S and 6C models. TSMC is reportedly the sole supplier of processors for Apple's iPhone 6 and 6 Plus. Reference Link
March 25, 2015
19:21 EDTAAPLApple, Beats working on streaming music service to rival Spotify, NY Times says
Apple (AAPL) is working with Beats to introduce a subscription streaming service to compete directly with services such as Spotify, according to the New York Times, citing people briefed on the company’s plans. Additionally, Apple is expected to overhaul iTunes Radio, the free service that competes with Pandora (P), the Times added. Reference Link
17:28 EDTPGFutureFuel down 8% after 'significant adverse impact' of P&G pact termination
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17:22 EDTPGFutureFuel to see adverse impact from early termination of P&G purchase pact
On March 19, FutureFuel (FF) received notice from The Procter & Gamble Company (PG) exercising its right of early termination and advising the company of its intent to terminate, effective December 31, the purchase agreement entered into as of April 1, 2008 between The Procter & Gamble Manufacturing Company, The Procter & Gamble Distributing LLC and Procter & Gamble International Operations SA, as buyer, and FutureFuel, as seller, as amended. P&G indicated that its decision to terminate resulted from its need for flexibility to address declining market trends in the dry laundry additives marketplace. P&G exercised its right to terminate the purchase agreement with at least 270 days prior written notice pursuant to a contractual provision allowing for early termination in the event P&G’s expected annual purchases fell below a certain threshold. The purchase agreement will remain in full force and effect during the notification period, during which time the parties will have the opportunity to negotiate a mutually acceptable alternative. FutureFuel plans to further discuss options for continuing its business relationship with P&G, but there can be no assurance that such efforts will be successful. If no such alternative is reached, the purchase agreement will terminate effective December 31, one year prior to the stated termination date of the purchase agreement. FutureFuel’s revenues related to the purchase agreement were reported as $43.93M for FY14. The termination of the purchase agreement is expected to have a significant adverse impact on the company’s revenue, net income and cash flow beginning in FY16. FutureFuel will not incur any early termination penalties as a result of the termination of the purchase agreement.
16:00 EDTNFLX, AAPLOptions Update; March 25, 2015
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14:45 EDTNFLXFacebook testing new video autoplay feature, Re/code says
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11:04 EDTNFLX'Top Gear' presenter may join Netflix, Telegraph reports
Jeremy Clarkson, who may be fired as a "Top Gear" presenter, may sign for Netflix, according to The Telegraph. It is unclear whether James May and Richard Hammond, Clarkson's co-presenters on the television show, would join Clarkson. Reference Link
10:31 EDTMSFTUBS software analyst to hold an analyst/industry conference call
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09:45 EDTAAPLApple to complete R&D facility in Yokohoma, Japan in 2016, Apple Insider reports
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09:35 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
09:24 EDTAAPLBernstein autos/US IT hardware analysts hold analyst/industry conference call
0U.S. IT Hardware Sacconaghi and Global Autos Warburton discuss whether Apple is really considering building a car on an Analyst/Industry conference call on an Analyst/Industry conference call to be held on March 26 at 11 am.
07:25 EDTTAT&T management to meet with UBS
Meeting to be held in Tokyo on March 25 hosted by UBS.
06:36 EDTNFLXNielsen to measure Netflix & Amazon viewing by middle of 2015, Bloomberg reports
Nielsen (NLSN) CEO Mitch Barns said the company will begin offering data on viewing by Netflix (NFLX) and Amazon (AMZN) Prime subscribers starting mid-year, reports Bloomberg. Although Netflix and Amazon have been unwilling to share what their subscribers watch, Nielsen has been testing technology that measures audiences by listening to shows and sharing the results with select clients. Reference Link
06:08 EDTAAPLApple Watch may face yield issues at launch, AppleInsider says
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06:00 EDTAAPLApple acquires FoundationDB, terms not disclosed, TechCrunch reports
FounadtionDB, a company specializing in speedy, durable NoSQL databases, has been acquired by Apple, TechCrunch reports. Terms of the deal have not been disclosed, and a notice on FoundationDB's site says that it is no longer offering downloads of its database software. Reference Link
05:57 EDTPGStocks with implied volatility movement; VZ PG
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05:52 EDTAAPLSamsung set to lead smartphone market in 2015, DigiTimes Research reports
Samsung (SSNLF) is set to lead the smartphone vendor rankings in 2015, reports DigiTimes Research. Samsung and Apple (AAPL) is expected to ship 330M and 230M smartphones, respectively in 2015, while Lenovoy (LNVGY) is set to up its shipments to 84M units. Reference Link
March 24, 2015
18:24 EDTNFLXNielsen says to unveil way to measure Netflix viewing by midyear, Bloomberg says
16:00 EDTAAPLOptions Update; March 24, 2015
iPath S&P 500 VIX Short-Term Futures down 10c to 25.14 Option volume leaders: AAPL TSLA TWTR GILD FB AMAT GOOG C MRK GILD according to Track Data.
13:57 EDTMSFTMicrosoft partnering with Adobe on Project Spartan
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11:53 EDTAAPLApple May volatility elevated at 29
Apple March weekly call option implied volatility is at 22, April is at 21, May is at 29, June is at 25; compared to its 26-week average of 26.according to Track Data, suggesting large May price movement.
10:42 EDTNFLXNetflix trades near session highs, levels to watch
Shares were last at $43.7.46, off the session high at $439.40. The stock got a boost after Barclays raised its price target to $450 and Cantor took its target up to $500. At current price resistance is at the session high. Support is at $436.15.
10:35 EDTAAPL, NFLXNetflix seen by Cantor as 'clear winner' as TV unbundles
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09:38 EDTNFLX, AAPLActive equity options trading on open
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09:25 EDTAAPLApple awarded patent for GPS 'path sharing'
The U.S. Patent and Trademark Office awarded Apple patent number 8,989,773 which allows iPhone users to share GPS path data, enabling one user to see the physical path traveled by another user rather than just their current location. The patent also describes a "mirroring mode" which can replicate the screen of one iPhone onto the screen of another iPhone, allowing users to share the same map screen and zoom level. GPS data sharing would require approval by both iPhone users. Reference Link
07:36 EDTXOMWhiting tumbles as stock offering dampens takeover speculation
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07:07 EDTHLFHerbalife plans PR campaign to hit back at Ackman, CNBC reports
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06:39 EDTNFLXNetflix price target raised to $500 from $450 at Cantor
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06:34 EDTPGKimberly-Clark upgraded to Outperform from Market Perform at Wells Fargo
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06:25 EDTNFLXNetflix says has launched in Australia
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06:21 EDTNFLXNetflix price target raised to $450 from $400 at Barclays
Barclays raised Equal Weight rated Netflix's price target to $450 to reflect a rollover to a valuation based on 2016. The firm continues to expect increased spending to depress margin and slowing U.S. subscribers to limit share upside.
05:54 EDTNFLXStocks with implied volatility above IV index mean; NFLX BBRY
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March 23, 2015
16:01 EDTAAPLOptions Update; March 23, 2015
iPath S&P 500 VIX Short-Term Futures down 48c to 25.24 Option volume leaders: AAPL TSLA TWTR GILD CELG FB TSLA AMZN TEVA PBR according to Track Data.
16:00 EDTAAPLAmazon adds Pandora-like stations to Prime Music app, The Verge reports
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14:07 EDTAAPLApple update adds memory, Apple Watch ad, Business Insider says
Apple's iOS 8.2 update increases devices' memory by up to 0.5 gigabytes, Business Insider reported in a video. On a negative note, however, the update adds an Apple Watch app that is little more than an ad for Apple's upcoming watch, and the app can't be removed, Business Insider added. Reference Link
11:31 EDTMSFTMicrosoft and Samsung expand global partnership
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11:26 EDTHLFHerbalife rallies, retraces, levels to watch
The shares hit an intraday high at $48.55 and have since turned lower. At the last price of $46.04, support is at $45.11 and then at $44.11, a prior pivot high. Resistance is at $46.24.
10:53 EDTHLFHerbalife continues recent strength with 10% jump
Shares of multi-level marketing company Herbalife (HLF) were up about 10% in morning trading after being up as much as 15% to $48.55 earlier this morning. On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. On March 20, Pershing Square, which noted that Bill Ackman and the firm were not parties to the Awad case decided the prior week, said the court’s decision "did not address in any way whether Herbalife is an illegal pyramid scheme, nor did the Court exonerate or bless Herbalife’s business practices." Since March 16, Herbalife shares are up about 29%.
10:32 EDTAAPLApple positioned to reach $1 trillion market cap, Cantor says
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10:31 EDTAAPLReport: Apple may cut Watch shipments to 1.25M-1.5M units, Business Insider says
Apple may cut its Watch shipments to 1.25M-1.5M from 2.5M-3M, reports Business Insider. Citing Taiwanese publication UDN Mobile, sources within Apple's supply chain say the drop in shipment expectations is due to an issue regarding the production of the AMOLED display panels. Reference Link
10:14 EDTHLFHerbalife volatility elevated on sharp rally
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09:37 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
09:19 EDTAAPLApple price target raised to $180 from $160 at Cantor
Cantor Fitzgerald analyst Brian White raised his price target on Apple shares to $180 from $160, which equates to a $1 trillion market capitalization. He believes the market will reward the tech giant with a higher price-to-earnings multiple given media reports of new areas of future innovation, the company’s entrance into a new product category with next month's watch launch, and its commitment to returning cash to shareholders. White thinks a web TV service, as reported last week by the Wall Street Journal, could be a "stepping stone" for Apple to eventually launch a full blown TV product. He adds that Apple's iPhone portfolio and position in China have "never been stronger." White keeps a Buy rating on the stock. Apple shares closed Friday at $125.90.
08:55 EDTAAPLApple FY15 iPhone unit estimate raised to 220M from 210M at BofA/Merrill
BofA/Merrill raised Apple's FY15 iPhone unit estimate to 220M from 210M following Asia checks that indicate iPhone supply chain momentum remains strong. The firm lowered its iPad FY15 unit estimates to 55.8M from 60M but said the next catalyst is in October when the larger screen is launched. For the Apple watch, BofA lowered FY15 unit estimates to 9M from 13M given slightly more conservative views and the tough manufacturing process. Shares are Buy rated with a $140 price target.
08:27 EDTAAPLApple price target raised to $135 from $115 at Cowen
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08:13 EDTAAPLPendrell unit: Court rejects attempts to limit scope of DRM patents
ContentGuard Holdings, a subsidiary of Pendrell Corporation (PCO), announced that on Friday, March 20, Judge J. Rodney Gilstrap of the U.S. District Court for the Eastern District of Texas issued a 144 page Claim Construction Order in lawsuits ContentGuard filed against several companies who continue to use its patented Digital Rights Management solutions without a license, including Apple (AAPL), Amazon.com (AMZN), DirecTV (DTV), Google (GOOG), HTC, Huawei, Motorola Mobility and Samsung Electronics (SSNLF). In his order, Judge Gilstrap interpreted the language in ContentGuard’s patents in a manner that fully preserves the breadth of ContentGuard’s patented Digital Rights Management technologies. These technologies were developed to enable the distribution of digital media over the Internet and other networks, including cellular and satellite networks, and provide innovative solutions to problems that were once thought to be unsolvable. “We are very pleased with the Court’s ruling,” commented James Baker, ContentGuard’s Vice President for Licensing and Strategic Development. “We believe these claim constructions demonstrate that the online stores defendants provide for buying and renting DRM-protected movies, videos, books, and music and devices that play, run, display or print this DRM-protected content infringe ContentGuard’s pioneering DRM patents.”
06:28 EDTAAPLApple working on new version of Apple TV, BuzzFeed reports
Apple is working on a new version of its Apple TV streaming set-top box, BuzzFeed reported on Friday. Apple is said to be planning to announce the new Apple TV at its World Wide Developers Conference in June, and will also debut a software development kit allowing app developers to create their own apps for the streaming box. The new version of Apple TV will reportedly be a "significant overhaul of the device," and could introduce its own App Store in addition to adding Siri, Apple's virtual assistant. Reference Link
06:19 EDTAAPLAvago price target raised to $160 from $131 at Citigroup
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06:00 EDTAAPLFoxconn denies iPhone 6 devices stolen from China plant, DigiTimes reports
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March 22, 2015
17:59 EDTXOMOPEC will not take sole responsibility for supporting oil price, Reuters says
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17:07 EDTMSFTFTC disclosures embolden potential EU Google probe, WSJ says
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16:42 EDTAAPLChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
16:33 EDTAAPLStocks end week higher after market reads Fed statement as dovish
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16:00 EDTNFLX, AAPLOptions Update; March 20, 2015
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15:45 EDTHLFHerbalife breaks above top of recent range, levels to watch
Shares have broken out of the top of the recent trading range at $40. This is bullish price behavior. At the current price of $40.79 next resistance is at $42. Support is at $40. It would be bearish for price if the stock resumes trading below the $40 area.
15:38 EDTHLFHerbalife volatility stays elevated on sharp rally
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13:50 EDTHLFPershing Square corrects inaccurate press reports regarding Herbalife
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12:45 EDTAAPLAnalyst says Apple deserves higher multiple ahead of TV streaming foray
Given Apple's (AAPL) reported foray into streaming TV, the stock's multiple should be higher, Morgan Stanley analyst Katy Huberty wrote in a note to investors today. WHAT'S NEW: Media reports about Apple's new streaming TV service support Morgan Stanley's thesis that the stock should trade at a multiple of 18x-19x, Morgan Stanley analyst Kate Huberty wrote in a note to investors today. Companies with content platforms trade at that level, on average, the analyst noted. Apple's stock is currently trading slightly below 15 times consensus 2015 profit estimates for the company. Noting that Apple has already announced a new online streaming deal with Time Warner's (TWX) HBO, and the New York Post reported that the tech giant is willing to share some viewership data with content owners, Huberty thinks that an Apple TV service seems to be more likely now than in past years. The analyst reiterated her belief, expressed in a previous note, that Apple should be compared to other companies that provide content platforms. Like other platform companies, Apple charges premium prices, its products are used every day by consumers, it has recurring revenue ,and it has the opportunity to expand its total market, the analyst stated. According to Huberty, TV is an $800B market, and the TV streaming market may be ready for prime time, as 20% of pay TV customers plan to cut the cord in the next year, a Morgan Stanley survey showed. The analyst kept a $160 price target and Overweight rating on the shares. WHAT'S NOTABLE: Taking a less favorable view of Apple on March 18 was research firm Jefferies, which predicted that the growth of the company's iPhones would decelerate further next quarter. The firm predicted that strong iPhone sales in China would propel the tech giants profit for the current quarter more than 10% above expectations, but it kept a Hold rating on the shares. PRICE ACTION: In early afternoon trading, Apple was fractionally higher near $128 per share.
09:45 EDTNFLX, AAPLActive equity options trading on open
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08:18 EDTAAPLApple deserves higher multiple with TV service coming, says Morgan Stanley
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08:01 EDTAAPLStifel says evidence supports Apple moving into electric vehicles
Analysts at Stifel say they see enough evidence to suggest that Apple is internally working on the development of a battery electric vehicle to be sold over the next five-to-ten years. The analysts are "intrigued" by Apple CFO Luca Maestri's background at General Motors (GM). They believe Apple's investments in manufacturing should be a key consideration for investors and point out the $40B spent by the iPhone maker over the past five years, with 80%-plus invested in manufacturing, is similar to GM, Ford (F) and Daimler-Benz and well above Tesla's $1.8B cumulative capex. The analysts say there is a "lot to think about" regarding Apple's move into the car space, including the regulatory environment. They keep a Buy rating on the tech giant with a $150 price target. Shares of Apple closed yesterday down 97c to $127.50.
07:19 EDTXOMWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTXOMOil prices fall again, Reuters reports
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06:04 EDTAAPL, MSFTGlobal smartphone shipments to reach 1.4B units in 2015, DigiTimes Research says
Global smartphone shipments in 2015 is expected to increase 16.4% to reach 1.40B units, reports DigiTimes Research. The shipment growth is due to higher growth in demand in emerging markets including India, Southeast Asia and Latin America. Android (GOOG) will account for 78.5% of 2015 global smartphone shipments, Apple's (AAPL) iOS 16.6%, Microsoft (MSFT) Windows 4% and BlackBerry (BBRY) 0.6%.Reference Link
March 19, 2015
16:26 EDTAAPL, TOn The Fly: Closing Wrap
Stocks on Wall Street opened lower but turned mixed early in the day and remained that way for most of the session. The Dow and S&P spent most of the day deep in negative territory, while the Nasdaq managed to stay just above the flat line. Investors had a chance to digest yesterday’s comments from the Fed and may have re-considered whether it latest policy stance was as dovish as originally believed. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 1K to 291K in the week ended March 14, which nearly matched the consensus 293K forecast. The current account deficit widened to $113.5B in Q4 from a revised deficit of $98.9B in Q3. The leading indicators for February rose 0.2% to 121.4, which was in-line with expectations. The Philadelphia Fed business outlook survey ticked down to a 5.0 one-year low from 5.2 in February, missing expectations for it to have risen a 7.0 reading. COMPANY NEWS: Apple (AAPL) joined the Dow Jones Industrial Average after the close last night, replacing AT&T (T). Shares of Apple finished their first day in the blue chip index down 97c, or 0.76%, at $127.50, while AT&T fell 39c, or 1.16%, to $33.20... Coffee giant Starbucks (SBUX) rose $1.92, or 2%, to close at $97.76 after hitting a new all-time high of $99.20 earlier. The move follows the company's investor day meeting yesterday, where it unveiled plans for two pilots of delivery services, reported a partnership to expand the distribution of its ready-to-drink products in China, and announced that its board has declared the sixth two-for-one split of the company’s stock since its IPO in 1992. Goldman Sachs and Wells Fargo were both unphased by the record highs and predicted the rally is not over for Starbucks in upbeat notes on the stock today. MAJOR MOVERS: Among the notable gainers was Amicus Therapeutics (FOLD), which rose $3.11, or 33.26%, to $12.46 after reporting positive results in meetings with the EMA and FDA. Also higher was Wynn Resorts (WYNN), which gained $7.19, or 5.85%, to $130.11 after research firm Brean Capital last night initiated coverage of the stock and several casino peers with Buy ratings. Among the noteworthy losers was Transocean (RIG), which fell $1.09, or 7.15%, to $14.16 after saying that it intends to scrap four rigs and noting that with those it has announced plans to scrap a total of 16 floaters. Also lower after its earnings report was diversified apparel company Vince Holding (VNCE), which fell $3.50, or 16.36%, to $17.89. INDEXES: The Dow fell 117.16, or 0.65%, to 17,959.03, the Nasdaq gained 9.55, or 0.19%, to 4,992.38, and the S&P 500 declined 10.23, or 0.49%, to 2,089.27.
16:01 EDTAAPL, NFLXOptions Update; March 19, 2015
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13:46 EDTAAPLEarnings Preview: Nike sees Q3 constant dollar revenue growth in low teens
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13:09 EDTTAT&T to pay $40M after missing appeal deadline, Bloomberg reports
AT&T is required to pay $40M in a patent infringement case because the company's lawyers failed to read a court document, reports Bloomberg. An appeals court ruled that AT&T missed the deadline to appeal a jury verdict for $27.5M, plus interest, won by Two-Way Media LLC. AT&T said its missed deadline was “excusable neglect” because of the incorrect docket entry, but the U.S. Court of Appeals for the Federal Circuit said others were given the information needed and refused to extend the time period for the appeal. Reference Link
13:00 EDTAAPL, TOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with Nasdaq slightly higher and the Dow and S&P 500 both down a bit more than 0.5%. The day’s economic reports were generally benign and are likely less significant to the trading action than participants having had some time to digest yesterday’s Fed comments. Immediately after the Fed's policy statement yesterday, the U.S. dollar fell as low as 1.10 against the euro, but that move was almost entirely reversed overnight. The dollar was back near pre-Fed levels against the euro early this morning, and similar moves were seen in pairs of the dollar and other major currencies. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 1K to 291K in the week ended March 14, which nearly matched the consensus 293K forecast. The current account deficit widened to $113.5B in Q4 from a revised deficit of $98.9B in Q3. The leading indicators for February rose 0.2% to 121.4, which was in-line with expectations. The Philadelphia Fed business outlook survey ticked down to a 5.0 one-year low from 5.2 in February, missing expectations for it to have risen a 7.0 reading. In Europe, the Swiss National Bank left rates unchanged, cut its growth forecasts for the country's economy, said that it will intervene in currency markets as needed since it believes the Swiss Franc remains overvalued. COMPANY NEWS: Apple (AAPL) joined the Dow Jones Industrial Average today, replacing AT&T (T). Shares of the iPhone maker were down 0.5% near midday, while AT&T stock fell a bit more than 1%... Shares of coffee giant Starbucks (SBUX) hit a new all-time high of $98.50 earlier this afternoon following the company's investor day meeting yesterday. In conjunction with its meeting, Starbucks reaffirmed its goal to grow its market cap to $100B, unveiled plans for two pilots of delivery services, announced that its board has declared the sixth two-for-one split of the company’s stock since its IPO in 1992 and said it has entered into an agreement for Tingyi to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China. Goldman Sachs and Wells Fargo both issued upbeat notes on the stock today, saying that the coffee retailer's shares can continue to climb. MAJOR MOVERS: Among the notable gainers was Coronado Biosciences (CNDO), which gained 42% after announcing the formation of a new company, Mustang Therapeutics, focused on Chimeric Antigen Receptor, or CAR-T, technology. The company also announced a licensing agreement with NeuPharma for EGFR inhibitors. Also higher was Guess (GES), which gained 15% after reporting higher than expected profits for its fiscal fourth quarter. Among the noteworthy losers was Transocean (RIG), which fell 6% after having announced last night that four of its 5th generation UDW drillships will be cold stacked and the contract with ENI (E) for the Transocean Amirante was terminated. Transocean also said it intends to scrap four rigs, noting that with those it has announced plans to scrap a total of 16 floaters. Also lower following its earnings report was diversified apparel company Vince Holding (VNCE), which fell 16%. INDEXES: Near midday, the Dow was down 128.51, or 0.71%, to 17,947.68, the Nasdaq was up 3.15, or 0.06%, to 4,985.98, and the S&P 500 was down 13.36, or 0.64%, to 2,086.14.
12:06 EDTMSFTMicrosoft, Fuji Xerox announce patent agreement
Fuji Xerox and Microsoft (MSFT) announced a broad patent cross-licensing agreement. Building on a 2007 cross-licensing pact, the agreement ensures that Microsoft and Fuji Xerox continue to benefit from access to each other’s patent portfolios and accelerate research and development, the companies said. Fuji Xerox is a 75-25 joint venture between FUJIFILM (FUJIY) and Xerox Corporation (XRX).
11:18 EDTAAPLeBay cut to sell by noted analyst on mounting PayPal competition
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11:02 EDTNFLX, HLFOptions with increasing implied volatility
Options with increasing implied volatility: HLF RAD NFLX HLSS NOW
09:37 EDTAAPL, NFLXActive equity options trading on open
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09:05 EDTAAPL, TApple up fractionally in pre-market trade ahead of Dow entry
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08:38 EDTXOMN.J. State Assembly Judiciary Committee to hold a hearing
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08:14 EDTAAPLWorst case scenario unlikely for Ericsson in Apple lawsuit, says Bernstein
Noting that Apple (AAPL) and Ericsson (ERIC) are involved in patent litigation in which Apple has asked the court to limit Apple's royalty payments to Ericsson to the smallest saleable component containing Ericsson's technology, Bernstein says that Ericsson's IP revenue would be reduced to almost nothing if the court grants Apple's request. However, the firm does not believe that Apple's request has a good legal rationale, and it thinks that the court is "extremely unlikely" to grant it. As a result, the firm is "relaxed" about Ericsson's outlook. It keeps an Outperform rating on the shares.
08:03 EDTPGInter Parfums unit to acquire Procter & Gamble's Rochas brand for $108M
Inter Parfums (IPAR) announced that its majority owned Paris-based subsidiary, Interparfums S.A. has entered into an agreement with The Procter & Gamble Company (PG) to acquire the Rochas brand. This transaction will cover all brand names and registered trademarks for Rochas, mainly for class 3 cosmetics and class 25 fashion. This acquisition will be payable in cash on the closing date for $108M and financed entirely through a medium term loan. This transaction is expected to be completed within the first half of 2015, subject to customary closing conditions.
07:19 EDTXOMKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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07:12 EDTAAPLIpsos poll claims 39% of iPhone owners interested in Apple Watch, Reuters says
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07:04 EDTXOM, TAmerican Express confirms plans to launch Plenti loyalty program
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05:57 EDTNFLXStocks with implied volatility above IV index mean; BBRY NFLX
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05:50 EDTMSFTMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
05:42 EDTAAPLeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
16:00 EDTAAPLOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
13:59 EDTTT-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.
13:49 EDTHLFHerbalife says 'confident in strong fundamentals of business model'
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13:23 EDTNFLXBattleground: Oppenheimer weighs in on Netflix with positive note
The recent weakness in Netflix's (NFLX) stock has created a buying opportunity, Oppenheimer wrote in a note to investors today. Oppenheimer's upbeat note comes after research firm Stifel issued a positive note on the stock yesterday and a third firm, Evercore ISI, downgraded the shares to sell on Monday. BULLISH TAKE: Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer analyst Jason Helfstein said that the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. History indicates that tier 1 original shows have the most impact on the company's net subscriber additions, the analyst stated. Worries about competition have weighed on the shares, but Netflix can beat the competition by using its data to provide superior programming, according to the analyst. He kept a $483 price target and Outperform rating on the shares. Stifel analyst Scott Devitt yesterday stated that concerns about the company's competition are overdone, as Netflix's positioning in the U.S. is as strong as ever and continues to improve as it adds more content. Time Warner's (TWX) upcoming launch of a video on demand service called HBO Now is the primary cause of the decline in Netflix's stock, Devitt contended, noting he views the HBO Now launch as "a non-event" for Netflix. Most Netflix subscribers who obtain HBO Now will probably keep both services, Devitt believes. BEARISH TAKE: Evercore ISI analyst Ken Sena on Monday downgraded Netflix shares to Sell from Hold. Increased competition will force the company to raise its investments, and the return from those investments is uncertain, the analyst contended. In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes, adding that Netflix will face even more competition overseas than in the U.S. Sela reduced his price target on the shares to $380 from $450. PRICE ACTION: In mid-afternoon trading, Netflix was little changed near $418 per share.
10:01 EDTMSFTPolycom and Microsoft announces new series of video collaboration solutions
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09:36 EDTAAPLActive equity options trading on open
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09:23 EDTHLFOn The Fly: Pre-market Movers
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09:03 EDTMSFTMicrosoft price target lowered to $46 on rising headwinds at Morgan Stanley
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08:17 EDTAAPLUnique value of Apple streaming TV may be ease of use, says Bernstein
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08:05 EDTNFLXNetflix weakness creates buying opportunity, says Oppenheimer
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08:02 EDTHLFHerbalife wins dismissal of class action 'pyramid scheme' lawsuit
On March 16, a judge in the U.S. District Court for the Central District of California granted Herbalife its motion to dismiss a class action complaint brought on behalf of shareholders who allege that the company and its executives violated federal securities laws by misrepresenting the "nature, scope and legality" of the company's business and operations. According to the plaintiffs, Herbalife and its executives, including CEO Michael Johnson, misrepresented Herbalife as a legitimate multi-level marketing company when it "is actually an illegal pyramid scheme." The court concluded that the suit's plaintiffs have not adequately pled loss causation, meaning that the court need not consider Herbalife’s alternative arguments, according to a court filing. Shares of Herbalife are up 3% in pre-market trading after the court dismissal was widely reported by Bloomberg last night.
07:54 EDTAAPLComcast may be forced to put content on Apple TV, NY Post says
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07:30 EDTTAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
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07:27 EDTAAPLApple iPhone growth to decelerate further in Q3, says Jefferies
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07:24 EDTAAPLApple iPhone growth should support earnings expectations, says UBS
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07:13 EDTHLFHerbalife complaint letter signer subpoenaed, Hartford Courant reports
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07:03 EDTMSFTSonus transitions enterprises to Microsoft Skype for business
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06:31 EDTAAPLDiscovery, Viacom in talks to be on Apple TV service, WSJ reports
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06:25 EDTNUSCiti calls Nu Skin its 'pot of gold on St. Patrick’s Day'
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06:16 EDTT, XOMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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06:01 EDTNFLXStocks with implied volatility above IV index mean; BBRY NFLX
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05:55 EDTAAPLApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:52 EDTAAPL12-inch MacBook to make up 15%-20% of all MacBook shipments, DigiTimes says
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05:52 EDTAAPLReport: iPhone 6 shipments expected to reach 53M, DigiTimes reports
Apple is expected to ship 53M iPhone 6 devices in Q1, reports DigiTimes, citing a Chinese-language Commercial Times report. Citing data from Morgan Stanley, the guidance is up from the previously expected 51M shipments. All iPhone devices will reach 54.5M units during the quarter. Reference Link
05:23 EDTMSFTQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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