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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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January 26, 2015
10:30 EDTNFLXOptions with decreasing implied volatility
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09:49 EDTAAPLActive equity options trading
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09:44 EDTMSFTInterDigital announces commencement of ITC evidentiary hearing in Microsoft case
InterDigital (IDCC) announced the commencement of the evidentiary hearing in the remand of U.S. International Trade Commission "613 Investigation" of the company's complaint against respondents Nokia Corporation, Nokia Inc. and Microsoft (MSFT). In the 613 Investigation, InterDigital seeks an exclusion order prohibiting the importation into the U.S. of Nokia and Microsoft Mobile devices with 3G WCDMA capabilities that infringe two InterDigital patents. The 613 Investigation was remanded to the ITC from the U.S. Court of Appeals for the Federal Circuit, which held that the Commission had erred in interpreting certain claim terms in InterDigital's patents.
08:45 EDTAAPLApple iPhone shipments forecast at 73M for Q4, 61.7M for Q1, Apple Insider says
Apple iPhone 6 shipments have been forecast at 73M units for 4Q14 and 61.7M for 1Q15, reports Apple Insider, citing a research note by KGI analyst Ming-Chi Kuo. Kuo expects a Q1 launch for the latest MacBook Air and a March launch for the Apple Watch, with 4M-5M shipments and 2.8M sales of the smartwatch expected for the quarter. The analyst note also revises down iPad forecasts to 21.4M for 4Q14 and 10.1M for 1Q15, a 17.8% and 38% respective drop from last year. Reference Link
08:27 EDTAAPLApple volatility elevated into Q1 and outlook
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07:24 EDTAAPLApple has multiple catalysts, says RBC Capital
RBC Capital predicts that Apple's December quarter revenue and iPhone sales will beat expectations, but warns that foreign exchange could hurt the company's margin growth. However, the firm expects the stock to perform well following the results and thinks the company has multiple positive catalysts. It recommends that investors own the stock through 1H15.
07:23 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
Microsoft January weekly call option implied volatility is at 34, February is at 23, March is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results today after the market close.
06:46 EDTAAPLSamsung to supply processors for next iPhone, Reuters says
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06:40 EDTXOMOil drops after new Saudi king retains oil minister, Reuters reports
Oil prices dropped today after Saudi Arabia's new king, Salman, reappointed the country's longtime oil minister, Ali al-Naimi, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:37 EDTAAPLApple to report China iPhone sales topped US iPhone sales, Financial Times says
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06:31 EDTTCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevision’s Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
06:31 EDTTAT&T to acquire Nextel Mexico for $1.88B, less outstanding net debt
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06:12 EDTNUS, HLFPrivate equity firm 'seriously' considered buying Herbalife, NY Post reports
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06:09 EDTNFLXStocks with implied volatility below IV index mean; ORCL NFLX
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, Netflix (NFLX) 31 according to iVolatility.
06:07 EDTHLFStocks with implied volatility above IV index mean; YHOO HLF
Stocks with implied volatility above IV index mean; Yahoo (YHOO) 46, Herbalife (HLF) 101 according to iVolatility.
06:00 EDTXOMStocks with implied volatility movement; XOM MCP
Stocks with implied volatility movement; Exxon Mobil (XOM) 22, Molycorp (MCP) 196 according to iVolatility.
05:52 EDTAAPLApple guidance could imply 5% upside to consensus, says Piper Jaffray
Piper Jaffray believes investors are expecting Apple to report 65M-69M iPhone sales for the December quarter and it raised its iPhone unit expectation to 65M from 61M. Piper thinks the iPhone 6 sales cycle is off to a better than expected start and will be more sustainable than in past cycles. The firm believes Apple's March quarter revenue guidance could imply about 5% upside to Street estimates, which it feels should be enough for the stock to react positively post earnings. Piper reiterates an Overweight rating on Apple with a $135 price target ahead of tomorrow's earnings report.
January 25, 2015
19:10 EDTXOMExxon Mobil fined $1.05M for 2011 Yellowstone River pipeline break, WSJ says
Exxon Mobil was fined $1.05M for a 2011 pipeline break at Montana's Yellowstone River, the Wall Street Journal says. Reference Link
17:00 EDTXOMExxon Mobil fined $1.05M for 2011 Yellowstone River pipeline break, WSJ says
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January 23, 2015
16:55 EDTNFLXMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
16:01 EDTAAPLOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
15:27 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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15:17 EDTAAPLApple volatility at upper end of five-year range into Q1
Apple January weekly call option implied volatility is at 51, February is at 33, March is at 32; compared to its 26-week average of 26 according to Track Data, suggesting larger price movement into the expected release of Q1 results on January 27.
11:59 EDTHLFHerbalife jumps after CNBC says Stiritz adding to stake
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11:58 EDTMSFTMicrosoft to acquire Revolution Analytics to aid customers with data analysis
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11:53 EDTHLFBill Stiritz has added to Herbalife position, CNBC reports
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10:44 EDTAAPLPandora rallies after analyst releases upbeat survey results
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10:15 EDTNFLXOptions with decreasing implied volatility
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10:02 EDTXOMOn the Fly: Analyst Downgrade Summary
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09:41 EDTXOMPrince Alwaleed says oil price will never reach $100 again
Saudi Prince Alwaleed is speaking on CNBC. Large oil names include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
09:36 EDTNFLX, AAPLActive equity options trading
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08:18 EDTPGProcter & Gamble added to US Focus List at Credit Suisse
Credit Suisse added Procter & Gamble (PG) to the US Focus LIst and removed Colgate-Palmolive (CL), Chevron (CVX) and Williams (WMB).
08:11 EDTMSFTMicrosoft reveals smartphone-controlled "smart scarf," Business Insider says
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08:07 EDTMSFTU.S. tech giants nervous about backlash in Europe, WSJ says
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07:38 EDTXOMExxon Mobil downgraded at Credit Suisse
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07:28 EDTAAPLDeutsche sees limited near-term catalysts for Apple shares
Deutsche Bank raised its Q1 estimates for Apple to reflect strong iPhones sales and now believes 67M phones shipped in the quarter. It notes that expectations are likely closer to 70M. Deutsche sees limited near-term catalysts for the stock, however, with iPhone sales peaking in Q1 and Apple Watch not expected to ship until the end of Q2. It keeps a Hold rating on Apple shares with a $102 price target.
07:20 EDTXOMBass says 'want to be long oil companies, but don't want to buy them yet'
Oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:40 EDTXOMExxon Mobil downgraded to Underperform from Neutral at Credit Suisse
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06:34 EDTXOMAnalysts: King's death unlikely to change Saudi oil strategy, NY Times says
The death of Saudi Arabia's King Abdullah earlier today probably will not result in a change in the country's strategy as far as oil production is concerned, analysts said, according to The New York Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:22 EDTAAPLApple sees strong growth in Asian smartphone sales, CNBC says
Apple (AAPL) captured 33% of South Korea's smartphone market share in November, reports CNBC, citing Counterpoint Research. South Korean Samsung's (SSNLF) market share fell from 60% six months earlier to 46%. Apple also captured over 50% market share in Japan and saw a rise to 12% in China behind Lenovo (LNVGY) and Xiaomi. Reference Link
06:12 EDTAAPLFord announces opening of Palo Alto engineering center
Ford (F) yesterday opened the Research and Innovation Center Palo Alto, growing its global research team and accelerating the company’s innovation in connectivity, mobility, autonomous vehicles, customer experience and big data. The all-new Research and Innovation Center Palo Alto joins Ford’s global network of research and innovation centers, including its location in Dearborn, Michigan, which focuses on advanced electronics, human-machine interface, materials science, big data and analytics; and Aachen, Germany, which focuses on next-generation powertrain research, driver-assist technologies and active safety systems. With the new facility, Ford expects to have one of the largest automotive manufacturer research centers in Silicon Valley by the end of the year, with 125 researchers, engineers and scientists. Located in Stanford Research Park, the facility also expands Ford’s physical footprint – with further expansion planned in the near future. Ford opened its first Silicon Valley office in 2012. Leading the new research center is Dragos Maciuca, an engineer who joins Ford from Apple (AAPL) with a background in consumer electronics, semiconductor manufacturing, aerospace and automotive. While Ford’s research and development in autonomous vehicles is a global effort, including ongoing work with University of Michigan and Massachusetts Institute of Technology, the Palo Alto team will expand collaboration with Stanford University that kicked off in 2013. For this next phase of research, Ford is contributing a Fusion Autonomous Research Vehicle to the Stanford engineering program to begin testing the path planning-and-prediction algorithms researchers have developed over the past year. Ford is integrating with the Nest application programming interface, targeting home energy and emergency system management while on the road through a series of research experiments.
06:00 EDTMSFTWindows 10 unlikely to bring dramatic changes to mobile market, DigiTimes says
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05:55 EDTAAPLApple ranks top smartphone vendor in Taiwan for December, DigiTimes reports
Apple has ranked as the top smartphone vendor in the Taiwan market in December in both sales and volume, reports DigiTimes. According to data compiled by local retail channels, Apple took a 25.9% share in sales volume and 53.2% in sales value due to its success in iPhone 6 sales. Reference Link
05:55 EDTHLFStocks with implied volatility above IV index mean; P HLF
Stocks with implied volatility above IV index mean; Pandora (P) 67, Herbalife (HLF) 121 according to iVolatility.
05:52 EDTAAPLGartner: Samsung, Apple remain top semiconductor buyers in 2014, Digitimes says
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January 22, 2015
19:40 EDTTGoogle's entrance into telecommunications may not be beneficial, Re/code says
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17:18 EDTAAPLJ. Crew CEO Mickey Drexler to retire from Apple board
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16:11 EDTEGHT8x8, Inc. reports Q3 EPS 4c, consensus 4c
Reports Q3 revenue $41.37M, consensus $41.41M.
16:00 EDTAAPLOptions Update; January 22, 2015
iPath S&P 500 VIX Short-Term Futures down 2.13 to 31.32 Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM AVP BAC according to Track Data.
14:28 EDTPGProcter & Gamble volatility elevated into Q2 and outlook
Procter & Gamble January weekly call option implied volatility is at 20, February is at 14, March is at 12; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 27.
14:26 EDTMSFTTwitter introduces Tweet translation with Bing Translator
Twitter (TWTR) announced that the company has partnered with Bing Translator (MSFT) to provide machine translations of Tweets between more than 40 language pairs. Tweet translation is available on twitter.com, Twitter for iOS, Twitter for Android, and TweetDeck, according to the company's support page about the new feature. Reference Link
14:12 EDTAAPLXoom will incorporate Apple’s Touch ID technology in app
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13:55 EDTNFLXNetflix initiated with a Buy at Societe Generale
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13:15 EDTTAT&T to review name of DirecTV unit, WSJ reports
AT&T (T) CEO Randall Stephenson said in an interview at the World Economic Forum in Davos that the company will review the name of its DirecTV (DTV) unit, The Wall Street Journal reports. Stephenson also noted that the $48.5B acquisition, which must be approved by regulators, will give AT&T a "differentiated offering" in trying to win customers. Reference Link
13:03 EDTAAPLAnalysts differ on SanDisk after Apple loss clips outlook
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12:37 EDTMSFTMicrosoft volatility into Q2 and outlook
Microsoft January weekly call option implied volatility is at 30, February is at 23, March is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 26.
10:35 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTNFLXOn the Fly: Analyst Initiation Summary
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09:43 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
09:01 EDTTAT&T says enters into $9.2B credit agreement
AT&T said in a filing that on January 21, AT&T entered into a $9.155B credit agreement containing a (i) $6.286B term loan facility and a (ii) $2.869B term loan facility, with certain investment and commercial banks and Mizuho Bank, Ltd., as administrative agent. AT&T also entered into a $2B 18-month credit agreement with Mizuho as initial lender and agent. In the event advances are made under either agreement, those advances would be used for general corporate purposes, including acquisition related payments. Amounts borrowed under the Tranche A Facility will be due and payable on the third anniversary of funding. Amounts borrowed under the Tranche B Facility will be subject to amortization from the third anniversary of funding, with twenty-five percent of the aggregate principal amount thereof being payable prior to the fifth anniversary thereof, and all remaining principal amount due and payable on such fifth anniversary. Amounts borrowed under the 18-Month Credit Agreement will be due and payable on the date that is 18 months after the funding.
08:36 EDTAAPLApple volatility at upper end of five-year range into Q1
Apple January weekly call option implied volatility is at 48, February is at 35, March is at 32; compared to its 26-week average of 26 according to Track Data, suggesting larger price movement into the expected release of Q1 results on January 27.
08:01 EDTMSFTSeagate expands collaboration with Super Micro Computer
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07:59 EDTAAPLSanDisk growth story remains intact, says Citigroup
Citigroup attributes the 7% post-earnings drop in shares of SanDisk (SNDK) to the company unexpectedly announcing that Apple (AAPL) was dropping SanDisk as a supplier of client SSDs. The firm estimates that the Apple SSD business is roughly 8%-10% of SanDisk's revenue. Citi says it was relieved, however, when management attributed the Q4 miss to product shortage, implying NAND industry excess inventory is not an issue. It believes the company's secular growth story remains intact, and keeps a Buy rating on the name despite lowering its price target to $97 from $110.
07:55 EDTAAPLApple survey could mean earnings upside, says UBS
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07:44 EDTHLFHerbalife price target lowered to $50 from $60 at Canaccord
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07:20 EDTNFLXNetflix initiated with a Buy at Pivotal Research
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06:29 EDTAAPLApple's iPhone 6 Plus surging in China, Business Insider reports
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06:11 EDTAAPLWhatsApp now available in web browsers
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06:03 EDTMSFTMicrosoft Windows 10 not a 'material' catalyst, says Jefferies
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05:55 EDTHLFStocks with implied volatility above IV index mean; TWC HLF
Stocks with implied volatility above IV index mean; Time Warner Cable (TWC) 41, Herbalife (HLF) 114 according to iVolatility.
05:47 EDTTStocks with implied volatility movement; BSX T
Stocks with implied volatility movement; Boston Scientific (BSX) 49, AT&T (T) 20 according to iVolatility.
05:24 EDTTAT&T, Smiths Group extend relationship for six more years
Smiths Group has refreshed its ongoing relationship with AT&T for six more years. Valued at more than $100M, the agreement brings all of Smiths Group's communications services under one roof. The company can now securely connect its 23,000 employees across 450 offices in more than 50 countries.
January 21, 2015
16:35 EDTNFLXOn The Fly: Closing Wrap
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16:28 EDTTGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobile’s (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
16:00 EDTNFLX, AAPLOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
15:18 EDTMSFTMicrosoft unveils holographic goggle prototype, Wired reports
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13:43 EDTXOMOPEC El-Badri says oil will bounce back, not drop to $20, Bloomberg reports
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13:25 EDTTEarnings Preview: Verizon sees promotional offers pressuring Q4 results
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12:35 EDTPGProcter & Gamble's David Taylor likely candidate to succeed CEO, Fortune says
After a recent promotion to lead the beauty business at Proctor & Gamble by CEO A.G. Lafley, David Taylor, who currently runs the global health and grooming business division, now running two of the four business units, appears as the lead candidate to succeed CEO Lafley when he retires from the company, Fortune reports. Reference Link
12:31 EDTMSFT, AAPLMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:24 EDTAAPL, NFLX, TOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bank’s executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
12:22 EDTMSFTMicrosoft says Windows 8, Windows 7 customers to get free upgrade to Windows 10
This comment was made at the Microsoft Windows 10 Briefing. Reference Link
12:02 EDTHLFUBS reports 6.4% passive stake in Herbalife
11:34 EDTAAPLAmazon pulling plug on Amazon Wallet app beta, CNet reports
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10:47 EDTNFLXOptions with decreasing implied volatility
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10:32 EDTNFLXNetflix rallies amid slew of target raises, but one analyst bucks trend
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10:29 EDTT, AAPLAcacia Research down almost 13% after patent ruling
Earlier today, Acacia Research (ACTG) announced its CEO and President Matt Vella will discuss the January 20th, 2015 ruling received by Adaptix, , a subsidiary of Acacia Research, relating to patent cases pending in the District Court for the Northern District of California. The Court’s ruling granted a motion finding no infringement of certain method claims asserted by Adaptix against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. Shares of Acacia Research are lower by almost 13% to $13.90 in morning trading.
10:06 EDTMSFTMicrosoft set to test key support, levels to watch
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10:01 EDTOSKOn the Fly: Analyst Initiation Summary
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10:01 EDTNFLX, XOMOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
09:47 EDTNFLXNetflix fades from initial gap high, levels to watch
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09:17 EDTNFLXNetflix gaps up sharply following earnings surprise, levels to watch
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09:16 EDTNFLXOn The Fly: Pre-market Movers
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08:37 EDTAAPLSkyworks shares should be bought ahead of results, says Pacific Crest
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08:32 EDTNFLXNetflix earnings only in-line when excluding items, says FBR Capital
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08:31 EDTTAT&T CEO says net neutrality may end up in Supreme Court, CNBC says
AT&T (T) Chairman and CEO Randall Stephenson believes the net neutrality debate may have to be settled by the Supreme Court, reports CNBC, citing a CNBC interview on Wednesday from the World Economic Forum in Davos. Stephenson stated, "We need a neutral Internet... I think everyone agrees with that. Where everyone is getting stuck now is going beyond that." Stephenson also stated the neutrality debate will not affect his company's decision to bid $49B for DirecTV (DTV), though he believes a quick decision from the FCC could quicken Comcast's (CMCSA, CMCSK) $45B negotiations for Time Warner Cable (TWC). Reference Link
08:15 EDTNFLXNetflix price target raised to $465 from $382 at Cowen
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08:11 EDTAAPLApple acquires music analytics company Semetric, Guardian says
Apple (AAPL) acquired British startup Semetric as it prepares to relaunch its Beats Music streaming service, reports The Guardian. Semetric owns the Musicmetric analytics tool, giving music industry clients the ability to track legitimate sales and streaming downloads, illegal pirate downloads, and social media activity. The Guardian notes that Apple may be looking to undercut Spotify's subscription rates and rebrand Beats Music under its iTunes label. Reference Link
08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
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07:59 EDTNFLXNetflix price target raised to $511 from $450 at JPMorgan
JPMorgan raised its price target for Netflix shares to $511 saying the company reported strong Q4 results last night. The firm believes Netflix's stronger than expected international subscriber growth and increased efficiency at expanding into new markets provides better profit visibility. It reiterates an Overweight rating on the stock. Shares of Netflix are rallying $61.20 to $410.00 in pre-market trading.
07:53 EDTNFLXNetflix price target raised to $500 from $380 at Stifel
Stifel raised its price target on Netflix after the company reported stronger than expected Q4 results, and Q1 guidance that the firm views as solid. The firm thinks the company is successfully carrying out its plan to become the leading global Internet TV network. Stifel keeps a Buy rating on the shares.
07:41 EDTAAPLApple volatility at upper end of five-year range into Q1
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07:39 EDTOSKOshkosh initiated with a Neutral at Susquehanna
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07:37 EDTXOMWells upgrades Exxon Mobil, downgrades Chevron
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07:34 EDTNFLXNetflix CEO sees room for competition in video streaming market, CNet says
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07:33 EDTNFLXNetflix price target raised to $483 from $431 at Oppenheimer
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07:26 EDTAAPLApple Q4, Q1 results likely to beat expectations, says Oppenheimer
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07:00 EDTNFLXNetflix price target raised to $450 from $415 at Cantor
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06:44 EDTNFLXNetflix upgraded at Nomura
As previously reported, Nomura upgraded Netflix to Buy from Neutral. The firm upgraded shares based on more reasonable subscriber expectations, price elasticity, a strong 2015 content cycle, global cost efficiencies, and funding likely from corporate debt and not a capital raise. Price target is $500.
06:32 EDTXOMExxon Mobil upgraded to Outperform from Market Perform at Wells Fargo
06:30 EDTNFLXNetflix suggested FY15 operating income will decline, says Piper Jaffray
Piper Jaffray attributes the upside Netflix reported in Q4 to international momentum. The firm notes, however, that Netflix suggested FY15 operating income will decline year-over-year given continued international expansion into other new countries later in the year. Piper raised its price target for shares to $360 from $345 but keeps a Neutral rating on the name.
06:21 EDTNFLXNetflix price target raised to $409 from $364 at Citigroup
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06:21 EDTNFLXNetflix upgraded to Buy from Neutral at Nomura
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06:17 EDTNFLXOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
06:13 EDTAAPLApple's rumored iPhone 6S could feature 'radical' changes, Forbes reports
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05:56 EDTHLFStocks with implied volatility above IV index mean; TWC HLF
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05:53 EDTAAPLTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
18:30 EDTNFLXOn The Fly: After Hours Movers
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17:46 EDTNFLXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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17:22 EDTNFLXNetflix to begin streaming 'The Interview' in U.S., Canada on Saturday, Jan. 24
Netflix stated in its Q4 investor letter, "We are thrilled to offer exclusively the controversial comedy, The Interview, to our U.S. and Canadian members beginning this Saturday, Jan. 24 - just thirty days after it debuted in theaters and pay-per-view."
16:16 EDTNFLXNetflix sees FY15 operating income down from FY14
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16:16 EDTNFLXNetflix sees continuning to grow spending dedicated to originals
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16:15 EDTNFLXNetflix trades sharply higher after earnings, first look
The stock is up over 12% at time of writing to $393.76 following results in the extended session. At that price resistance is at $395.52. Support is at $386.68.
16:13 EDTNFLXNetflix sees completing global expansion over next two years
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16:10 EDTNFLXNetflix reports Q4 EPS 72c, consensus 45c
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16:08 EDTNFLXNetflix up 11% after reporting better than expected Q4 earnings
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16:07 EDTNFLXNetflix sees Q1 net streaming additions of 4.05M
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16:06 EDTNFLXNetflix sees Q1 EPS 60c, consensus 77c
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16:06 EDTNFLXNetflix reports 4.33M members added in Q4
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16:00 EDTAAPL, NFLXOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
15:21 EDTNFLXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:17 EDTNFLXNetflix technical commentary ahead of earnings
The stock has been in a sideways consolidation pattern since a sharp downtrend began in October of last year. The approximate range has been a high at $350 and a low at $320. Breaks of either end of this range will be important determinants of the trend following earnings. A breakout above $350 would potentially reverse the current dominant downtrend. With over 8.5% of the trading float short, there could be substantial buy-to-cover pressure in the event of a positive surprise. Upside levels to watch above $350 would be at $357.95, $366.51, and $375.83. On an extreme positive surprise, the $380 area could be tested. If the news is negative, a break below the $320 area would likely lead to a resumption of the dominant downtrend. Support levels to watch would be at $310.25, $299.50, and $290.28. A breakdown below $300 would be long-term bearish for price, confirming a major top.
14:04 EDTNFLXNetflix January weekly 345 straddle priced for 11% movement into Q4
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11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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09:38 EDTAAPLActive equity options trading
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08:11 EDTNFLXNetflix volatility increases into Q4 and outlook
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
06:24 EDTTT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:01 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
January 19, 2015
06:47 EDTXOMJPMorgan says oil may drop below $40/barrel in near-term
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January 18, 2015
14:22 EDTXOMSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
13:45 EDTAAPL, TGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
18:07 EDTTCongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
17:25 EDTTAT&T reports Q4 $10B charge related to pension benefits and network assets
For the quarter ended December 31, AT&T expects to record a noncash, pre-tax loss of approximately $7.9B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company decreased its assumed discount rates used to measure the pension obligation to 4.3% and to 4.2% for the company's postretirement obligation. These reductions resulted in an actuarial loss of approximately $7.9B. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of its assumed rate of return as well as demographic changes and other assumptions. Actuarial gains and losses are managed on a total company basis and are, accordingly, reflected only in consolidated results. Therefore, this loss will not affect segment operating results or margins. The company's Q4 operating results will also include a $2.1B noncash charge for the abandonment in place of certain network assets. During Q4, the company performed an analysis of its network assets and determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for AT&T's legacy voice and data products and the migration of its networks to next generation technology. This decision by management will not be considered in the company's assessment of segment performance and therefore, this charge will be reflected only in consolidated results and will not affect segment operating results or margins.
16:00 EDTAAPLOptions Update; January 16, 2015
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15:10 EDTAAPLApple volatility at upper end of five-year range
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11:16 EDTNFLXCBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
10:55 EDTXOMExxon Mobil upgraded to Neutral from Underweight at HSBC (pre-open)
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10:34 EDTNFLXNetflix January weekly volatility increases into Q4 and outlook
Netflix January weekly call option implied volatility is at 97, February is at 55, March is at 46; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
10:24 EDTXOMOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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10:01 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:47 EDTMSFTPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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09:30 EDTNFLXNetflix results likely to beat expectations, says Cantor
Cantor expects Netflix's Q4 results to beat expectations. The firm views the company's 2015 original content as compelling and keeps a Buy rating on the shares.
09:01 EDTPGProcter & Gamble files suit against former employees for theft of trade secrets
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08:57 EDTNFLXNetflix upgraded to Outperform at Cowen
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08:47 EDTAAPLIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:09 EDTAAPLApple price target raised to $123 from $120 at RBC Capital
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06:49 EDTXOMOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:27 EDTAAPLSamsung names Lee Don-tae as global design team leader, Korea Joongang says
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06:25 EDTAAPLApple to open five new stores in China in next five weeks, Xinhua News reports
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06:11 EDTAAPLEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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06:11 EDTAAPLApple implied volatility of 41 at upper end of index mean range
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06:10 EDTAAPLGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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06:09 EDTNFLXNetflix upgraded to Outperform from Market Perform at Cowen
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06:08 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
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05:59 EDTAAPLIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
January 15, 2015
19:46 EDTMSFTMicrosoft's Xbox wins holiday retail fight against PS4, Re/code reports
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16:01 EDTAAPLOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
15:13 EDTMSFTQihoo 360, Microsoft announce advertising alliance in China, TechWeb says
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15:02 EDTAAPLEarnings Preview: Jefferies refutes bear case on Intel
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14:07 EDTAAPLBank of America says 800,000 customers enrolled in Apple Pay
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13:06 EDTAAPLGoogle to stop selling Glass to individuals on January 19, WSJ reports
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11:36 EDTAAPLChina's Xiaomi targets iPhone users with new handset model, AP says
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11:08 EDTAAPLReport: Apple may include 2GB of faster RAM in iPhone 6s, MacRumors says
Apple may boost its internal RAM to 2GB and use "force touch" technology for its iPhone 6s, reports MacRumors. Citing a report from TechNews Taiwan, the RAM modules offer low power consumption and a significant performance increase from the 1GB used in the current iPhone 6 and iPhone 6 Plus. Reference Link
10:06 EDTAAPLApple falls, levels to watch
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10:00 EDTAAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Campus (ACC) downgraded to Sell from Neutral at Goldman... Apple (AAPL) downgraded to Neutral from Buy at Mizuho... Archer Daniels (ADM) downgraded to Neutral from Buy at Goldman... Barrick Gold (ABX) downgraded to Underweight from Equal Weight at Barclays... CNOOC (CEO) downgraded to Underperform from Hold at Jefferies... CSC (CSC) downgraded to Underweight from Neutral at JPMorgan... Computer Programs (CPSI) downgraded to Market Perform from Outperform at William Blair... D.R. Horton (DHI) downgraded to Neutral from Buy at UBS... DDR Corp. (DDR) downgraded to Neutral from Overweight at JPMorgan... Dominion Diamond (DDC) downgraded to Equal Weight from Overweight at Barclays... EVERTEC (EVTC) downgraded to Neutral from Overweight at JPMorgan... Education Realty (EDR) downgraded to Sell from Neutral at Goldman... Franco-Nevada (FNV) downgraded to Underweight from Equal Weight at Barclays... General Cable (BGC) downgraded to Neutral from Buy at Longbow... Green Dot (GDOT) downgraded to Neutral from Overweight at JPMorgan... Greif (GEF) downgraded to Neutral from Buy at BofA/Merrill... Grupo Simec (SIM) downgraded to Neutral from Buy at Goldman... Hecla Mining (HL) downgraded to Hold from Buy at BB&T... Host Hotels (HST) downgraded to Hold from Buy at MLV & Co.... Ingredion (INGR) downgraded to Sell from Neutral at Goldman... Insulet (PODD) downgraded to Market Perform from Outperform at Raymond James... Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman... Magna (MGA) downgraded to Hold from Buy at TD Securities... Molson Coors (TAP) downgraded to Neutral from Buy at Goldman... Nuverra Environmental (NES) downgraded at Roth Capital... Omnicom (OMC) downgraded to Hold from Buy at Evercore ISI... PetroChina (PTR) downgraded to Underperform from Hold at Jefferies... Philip Morris (PM) downgraded to Sell from Neutral at Goldman... Precision Castparts (PCP) downgraded to Hold from Buy at KeyBanc... Rio Tinto (RIO) downgraded to Neutral from Outperform at Macquarie... STAG Industrial (STAG) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Equal Weight from Overweight at Barclays... Sinopec (SNP) downgraded to Underperform from Hold at Jefferies... Sky (SKYAY) downgraded to Neutral from Outperform at Exane BNP Paribas... Teledyne (TDY) downgraded to Underweight from Hold at KeyBanc... Woodward (WWD) downgraded to Underweight from Hold at KeyBanc... Xilinx (XLNX) downgraded to Equal Weight from Overweight at Barclays.
09:36 EDTAAPLActive equity options trading
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08:30 EDTAAPLEU to publish details of Amazon's tax deal with Luxembourg, Reuters reports
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08:17 EDTEGHT8x8, Inc. awarded two U.S. patents
8x8, Inc. announced the awarding of its 99th and 100th U.S. patents. The company’s more recent patent awards and applications relate directly to solving business challenges such as managing communications across multiple devices, offices and countries. 8x8’s 99th patent, entitled “Systems, Methods, Devices and Arrangements for Unified Messaging,” relates generally to a comprehensive system that coordinates multiple communication formats and provides a single, unified interface for use therewith. It can also facilitate communications with social networks. 8x8’s 100th patent, entitled “Information Security Implementations with Extended Capabilities,” relates generally to information security and to systems, methods and devices for protecting secure information.
07:59 EDTNFLXNetflix Q4 results should be in-line with expectations, says Canaccord
Canaccord said Q4 result for Netflix should be in-line with expectations, but its guidance on subscriptions will be the focus for investors. Canaccord believes the long term growth story for Netflix remains intact, even though near-term subscriber trends remain difficult to predict. Canaccord reiterates its Buy rating and $450 price target on Netflix shares.
07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:27 EDTT, MSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
06:12 EDTAAPLTSMC sales likely to disappoint in Q2, DigiTimes reports
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06:06 EDTAAPLApple downgraded to Neutral from Buy at Mizuho
Mizuho downgraded Apple to Neutral and maintained its $115 price target based on balanced risk/reward. The firm expects solid Q1 results on January 27 and for March outlook to be inline with consensus but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint.
06:05 EDTAAPLApple implied volatility of 39 at upper end of index mean range
05:55 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
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January 14, 2015
16:00 EDTAAPLOptions Update; January 14, 2015
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14:29 EDTNFLXNetflix January weekly volatility elevated into Q4 and outlook
Netflix January weekly call option implied volatility is at 89, February is at 57, March is at 46; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
14:15 EDTNFLXNetflix seen boosted by strong new content
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11:23 EDTAAPLIntel lower after report says Apple may displace chips in Macs
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11:14 EDTAAPLGoPro rebounds after analysts downplay Apple patent worries
Shares of action camera maker GoPro (GPRO) are recovering some of the ground they lost yesterday, after two research firms wrote that the stock's decline yesterday on worries about an Apple (AAPL) patent were overdone. WHAT'S NEW: Noting that a report circulated yesterday that Apple received a patent for a wearable camera, Barclays wrote that the 11% decline in GoPro's stock yesterday was an overreaction. Although Apple's patent envisions a product similar to GoPro's camera, and Apple's entrance into the market would be "a headline grabber," there's a big difference between being awarded a patent and entering a market, the firm believes. Apple is often awarded patents for products that it never launches, Barclays explained. Moreover, GoPro has a number of attributes that could enable it to maintain its leadership in the market despite new competitors, Barclays believes. Among these attributes are the company's user base, software functionality, and ability to keep a technological edge, Barclays stated. The firm kept a $60 price target and Neutral rating on the shares. Even more upbeat was JMP Securities analyst Alex Gauna. After reviewing Apple's patent, the analyst thinks the document "hints" that the camera is primarily meant to be installed on smart watches and smartphones. Apple is unlikely to enter the action camera market, the analyst believes. Moreover, many companies are trying to imitate GoPro's cameras, but none have been able to match GoPro's quality in brand energy, performance, range of uses, and/or software and social networking value, Gauna stated. He recommended that investors buy GoPro on weakness and reiterated a $105 price target and Outperform rating on the shares. PRICE ACTION: In late morning trading, GoPro rose $2.72, or 5.5%, to $52.59. GoPro shares had declined a bit over 12% yesterday after the Patently Apple blog reported on the Apple's patent.
11:01 EDTAAPLAnalyst says Apple may replace Intel chips in Macs, AppleInsider reports
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPL, NFLXActive equity options trading
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09:16 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
08:27 EDTAAPLGoPro sell-off overdone, says JMP Securities
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08:22 EDTTMKM Partners unable to recommend ADTRAN until clarity on AT&T timing
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07:57 EDTNFLXJPMorgan positive on Netflix into Q4 earnings
JPMorgan reiterates an Overweight rating on shares of Netflix with a $450 price target ahead of the company's Q4 results on January 20. The firm expects a "solid' report driven by the continued shift away from linear TV and positive seasonality. It also expects new content and traction in Western Europe to drive subscriber growth in 2015.
07:23 EDTNFLXNetflix upgraded to Buy from Hold at Stifel
Stifel upgrade Netflix to Buy with a $380 price target citing compelling risk/reward given strong content cycles that include a strong slate of originals, lowered expectations, and continued international expansion.
06:54 EDTXOMEnergy Department says oil production to rise this year, NY Times says
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06:43 EDTAAPLCirrus Logic upgraded to Sector Perform from Underperform at Pacific Crest
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06:29 EDTAAPLCompanies reach new deal on worker hiring issue, Reuters says
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06:14 EDTMSFT, AAPLMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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05:55 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
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05:49 EDTAAPLApple sues Ericsson over patent royalty rates, Bloomberg says
Apple (AAPL) filed a lawsuit against Ericsson (ERIC) in the U.S. District Court for the Northern District of California, stating that Ericsson's royalty rates are excessive and its patents are not essential to LTE standards, reports Bloomberg. Reference Link
05:28 EDTAAPLEricsson files complaint against Apple in U.S. District Court
Following Apple's (AAPL) action, Ericsson (ERIC) has filed a complaint in the U.S. District Court for the Eastern District of Texas requesting a ruling on Ericsson's proposed global licensing fees with Apple. During the past two years of negotiations, the companies have not been able to reach an agreement on licensing of Ericsson's patents that enable Apple's mobile devices to connect with the world and power many of their applications. Ericsson filed the suit in order to receive an independent assessment on whether Ericsson's global licensing offer complies with Ericsson's fair, reasonable, and non-discriminatory, or FRAND, commitment. The global license agreement between Ericsson and Apple for mobile technology has expired and Apple has declined to take a new license on offered FRAND terms. Ericsson's Q4 IPR revenue will include payment from Apple under previous agreement. Every Apple smartphone and tablet with cellular capability uses technology from Ericsson. On January 12, Apple filed a lawsuit asking the U.S. District Court for the Northern District of California to find that it does not infringe a small subset of Ericsson's patents.
January 13, 2015
16:24 EDTAAPLOn The Fly: Closing Wrap
The Wall Street averages spent time in both positive and negative territory during the session, before closing a bit below where they'd started the day. The market opened sharply higher after Alcoa’s (AA) better than expected report gave some optimism about the upcoming earnings season. The early move higher came despite oil continuing its slide. The major averages saw their highs shortly after the open and then began to drift slowly lower. By mid-afternoon the market was in the red, though the equity averages eventually made it briefly back into positive ground, but failed to hold those narrow gains into the close. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index for December came in at 100.4, which was stronger than the expected 98.5 reading. The JOLTS report showed job openings increased 142K to 4.972M in November, beating the 4.85M consensus forecast. Treasury posted a $1.9B surplus in December, which was a bit below the expected surplus of $3B. Also of note is the fact that the U.S. and European benchmarks of WTI and Brent crude were at parity for the first time since 2013 during the session, with both trading near $46 per barrel for a time. COMPANY NEWS: KB Home (KBH) reported better than expected revenue and higher orders in its fourth quarter, but the stock declined $2.70, or 16.29%, to $13.87 after CEO Jeffrey Mezger warned on the associated earnings call that margins could drop "significantly" in its current quarter from the levels seen last year. KB's margin outlook, which it blamed on rising costs, heavier use of incentives and a sequential decline in average selling prices, dragged down peers in the housing space as well. D.R. Horton (DHI), the biggest homebuilder by market cap, finished the day down $1.26, or 4.83%, to $24.82, while PulteGroup (PHM) also slid $56c, or 2.47%, to $22.13... MetLife (MET) said it will sue to oppose the U.S. Financial Stability Oversight Council’s designation of the insurer as a SIFI, or "systemically important financial institution." The life insurer called the label premature and said it has offered “substantial and compelling evidence” that it isn’t a SIFI. Wells Fargo said it thinks it is appropriate for MetLife to challenge the ruling, though the firm does not presently see a Dodd-Frank provision that enables an entity to shed its designation. Wells added that a MetLife victory would have no impact on either AIG (AIG) or Prudential (PRU), which did not challenge their SIFI designations before their windows closed. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which rose $1.21, or 20.86%, to $7.01 after the company issued better than expected guidance on its second quarter results. Also higher was McGraw Hill Financial (MHFI), which jumped $5.13, or 5.98%, to $90.89 after reports said the company's Standard & Poor’s rating unit was in talks about a potential $1B settlement to its fight with the Justice Department and state attorneys general over allegations of inflating credit ratings on mortgage investments preceding the financial crisis. Among the noteworthy losers was ChannelAdvisor (ECOM), which plunged $11.32, or 53.52%, to $9.83 after its fourth quarter revenue warning prompted no less than eight downgrades of the stock by Street analysts. Also lower were shares of Ocwen Financial (OCN), which dropped $4.41, or 36.18%, to $7.78 after the Los Angeles Times reported that California is seeking to suspend the company's mortgage license in the state. Altisource Portfolio Solutions (ASPS), which is a related company to Ocwen, also declined $10.45, or 38.79%, to $16.49. Shares of GoPro (GPRO) fell $6.91, or 12.17%, to $49.87 after the Patently Apple blog reported that Apple (AAPL) was granted a patent for a camera system that specifically mentions the weaknesses of GoPro devices. INDEXES: The Dow fell 27.16, or 0.15%, to 17,613.68, the Nasdaq lost 3.21, or 0.07%, to 4,661.50, and the S&P 500 dropped 5.23, or 0.26%, to 2,023.03.
16:00 EDTAAPLOptions Update; January 13, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 34.42. Option volume leaders: AAPL JNJ CELG WFM TSLA TWTR AMZN GILD according to Track Data.
15:55 EDTAAPLGoPro weakness due to Apple camera patent news is overdone, says Barclays
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12:33 EDTAAPLApple granted patent for remote-controlled camera system, Patently Apple says
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11:57 EDTNFLXNetflix, Kudelski Group enter product relationship, resolve patent litigation
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11:57 EDTMSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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10:59 EDTAAPLApple rises after Credit Suisse, Canaccord hike iPhone estimates
Shares of Apple (AAPL) are climbing after two research firms issued upbeat notes on the company in notes to investors today. WHAT'S NEW: Credit Suisse analyst Kulbinder Garcha upgraded Apple to Outperform from Market Perform. The company should sell 215M iPhones in both fiscal 2015 and fiscal 2016, Garcha estimated. Meanwhile, Apple's gross margins are being boosted by the increased popularity of both its 64 GB memory phones and of the IPhone 6 Plus, the analyst stated. Garcha increased his earnings per share estimate for the iPhone maker by 18% in fiscal 2015 and 20% in fiscal 2016. Additionally, the firm believes excessive net cash levels indicate a new $200B return program should occur. The analyst thinks the shares can reach $130 at least. After analyzing surveys in the U.S. that took place in December and into January, Canaccord analyst T. Michael Walkley said the surveys showed strong demand and market share gains for the new iPhones. The analyst increased his iPhone estimates for Apple's December quarter, as well as his estimates for the company's overall December quarter results. The increases were based on the positive demand trends, particularly for models with higher memory levels and prices, Walkley stated. He expects these positive trends to continue and reiterated a $135 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Apple climbed $3.39, or 3.1%, to $112.64.
10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMD AA TWTR GILD C CELG TSLA GOOG
09:07 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Apple (AAPL), up 1.4% after Credit Suisse upgraded Apple to Outperform and raised its iPhone volume estimates again... Best Buy (BBY), up 2.8% after being upgraded to Buy from Neutral at Goldman... SunPower (SPWR), up 2.6% after being upgraded to Outperform at Credit Suisse... Alcoa (AA), up 2% after Q4 results beat expectations. RISING AFTER GUIDANCE: Pharmacyclics (PCYC), up 17.5%... CTI BioPharma (CTIC), up 8.3%... Emulex (ELX), up 15.5%... ARIAD (ARIA), up 2.6%. LOWER: ChannelAdvisor (ECOM), down 42% following preliminary fourth quarter revenue guidance and after receiving multiple analyst downgrades... Antares Pharma (ATRS), down 7.7% after the FDA recommended that the company create a larger safety database for its clinical development program for QuickShot Testosterone.
07:36 EDTAAPLApple survey suggests demand remains strong, says Canaccord
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07:18 EDTAAPLQuanta ramps up production of 12-inch MacBook Air, DigiTimes reports
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06:21 EDTAAPLApple upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded Apple to Outperform from Neutral. The firm raised iPhone volume estimates again to 215M units for both FY15/16 and sees $10 EPS power in CY16 based on a solid and sustainable iPhone trends combined with a muted response from Samsung. Additionally, the firm believes excessive net cash levels indicate a new $200B return program should occur. Price target raised to $130 from $110.
06:20 EDTAAPLApple supplier shows 'unbreakable' smartphone with sapphire display, WSJ says
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06:18 EDTAAPLSilicon Valley shuttle drivers looking to unionize, USA Today reports
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06:09 EDTAAPLApple implied volatility of 38 at upper end of index mean range
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06:06 EDTAAPLApple upgraded to Outperform from Neutral at Credit Suisse
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06:01 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 115, Yahoo (YHOO) 52 according to iVolatility.
January 12, 2015
16:50 EDTAAPLGartner says worldwide PC shipments in Q4 grew 1%
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16:00 EDTAAPLOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
14:51 EDTXOMSaudi Prince Alwaleed says oil won't hit $100 again, USA Today reports
Oil will never reach a price of $100 per barrel again, Saudi billionaire businessman Prince Alwaleed bin Talal said, according to USA Today. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
12:53 EDTAAPLApple falls, levels to watch
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09:34 EDTAAPLActive equity options trading
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09:04 EDTNFLXAmazon wins first Golden Globe for 'Transparent,' Business Insider reports
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08:21 EDTAAPLApple poised to gain market share, says JMP Securities
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08:18 EDTNFLXNetflix January weekly volatility elevated into Q4 and outlook
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08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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06:12 EDTHLFStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 114, Yahoo (YHOO) 50 according to iVolatility.
06:06 EDTTSoftcard cuts 60 employees in restructuring, Re/code reports
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