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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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April 28, 2015
06:13 EDTAAPLCiti removes Apple from Focus List, sees stock trading higher
Citigroup analyst Jim Suva removed Apple from the firm's US Focus List citing the 8% share gain in less than a month and the passing of the earnings report catalyst. Suva, however, lists five reasons the stock can trade higher, including wireless carriers allowing users to upgrade phones before expiration, upside potential to consensus estimates and margins going higher. He reiterates a Buy rating on Apple with a $145 price target following the iPhone maker's Q2 results.
06:11 EDTMSFTStocks with implied volatility below IV index mean; GE MSFT
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Microsoft (MSFT) 18 according to iVolatility.
06:05 EDTTFCC could reject Dish's wireless license auction bids, WSJ reports
According to sources, the FCC could reject Dish Network's (DISH) "attempt to benefit from billions of dollars in small-business discounts" in a wireless license auction, The Wall Street Journal reports. Earlier this year, Dish won $13.3B worth of bids in the auction, and later claimed $3.3B in discounts intended for small businesses. Dish, which said it disclosed its bidding plans in advance, believes its participation in the auction introduced competition to AT&T (T) and Verizon (VZ). Reference Link
05:48 EDTAAPLApple price target raised to $170 from $160 at Brean Capital
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05:41 EDTAAPLApple capital return program topped expectations, says Piper Jaffray
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April 27, 2015
20:03 EDTAAPLBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
18:56 EDTAAPLOn The Fly: After Hours Movers
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17:48 EDTAAPLApple says iPhone revenue was up 70% in Greater China in Q2
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17:36 EDTAAPLApple CFO says Watch margins will be lower than company average
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17:31 EDTAAPLApple anticipates expanding nunmber of countries for Watch in late June
17:28 EDTAAPLApple says Q2 emerging market revenue up 58%
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17:27 EDTAAPLApple says FX had negative impact of 100 basis points in Q2
Sees 40 basis point negative impact from FX in Q3.
17:22 EDTAAPLApple plans for annual dividend increases going forward
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17:20 EDTAAPLApple CFO says app store revenue up 29% in Q2
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17:18 EDTMSFTInterDigital says judge rules against Nokia, Microsoft in patent case
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17:12 EDTAAPLApple CEO says new MacBook began shipping
Comments from Q2 earnings conference call.
16:43 EDTAAPLApple reports Q2 iPhone units 61.17M vs. 74.47M last quarter
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16:41 EDTAAPLApple reports Q2 gross margin 40.8% vs. 39.3% last year
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16:40 EDTAAPLApple reports Q2 iPhone sales 61.17M
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16:40 EDTAAPLApple rallies $2.11 to $134.50 after earnings beat, buyback raise
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16:38 EDTAAPLApple says higher rate of people switching to iPhone
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16:33 EDTAAPLApple boosts buyback to $140B from $90B, ups dividend 11%
Apple announced that its board has authorized an increase of more than 50% to the company's program to return capital to shareholders. Under the expanded program, Apple plans to utilize a cumulative total of $200B of cash by the end of March 2017. As part of the revised program, the board has increased its share repurchase authorization to $140B from the $90B level announced last year. In addition, the company expects to continue to net-share-settle vesting restricted stock units. The board has also approved an increase of 11% to the company's quarterly dividend, and has declared a dividend of 52c per share, payable on May 14, to shareholders of record as of the close of business on May 11. To assist in funding the program, Apple plans to continue to access the domestic and international debt markets.
16:31 EDTAAPLApple expands capital return program to $200B
16:31 EDTAAPLApple sees Q3 revenue $46B-$48B, consensus $47.06B
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16:30 EDTAAPLApple reports Q2 EPS $2.33, consensus $2.16
Reports Q2 revenue $58.01B, consensus $56.06B.
16:00 EDTAAPLOptions Update; April 27, 2015
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15:57 EDTMSFTJudge rules Microsoft violated InterDigital cellphone patents, Reuters says
An International Trade Commission judge ruled Monday that Microsoft (MSFT) violated two InterDigital (IDCC) patents related to mobile phones, reports Reuters, citing court proceedings. Judge Theodore Essex said that "it would not be against the public interest to ban the Microsoft devices from import into the U.S.," though any potential import ban must be reviewed by the ITC before taking effect, notes Reuters. Reference Link
15:09 EDTAAPLEarnings Watch: Apple reports with iPhone sales, capital return in focus
Apple (AAPL) is set to report second quarter earnings after the market close on Monday, April 27, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $2.16 on revenue of $56.06B, according to First Call. The consensus range for EPS is $1.89-$2.43 on revenue of $51.37B-$59.46B. Along with its last earnings report, Apple said it sees Q2 revenue of $52B-$55B and a gross margin between 38.5%-39.5%. In a note to investors, Piper Jaffray analyst Gene Munster said he believes Apple will report revenue, excluding foreign exchange impacts, in line with Street estimates of $56B, implying 57M iPhones. Munster added that he believes the Street is currently looking for 42.7M iPhones in the company's June report, 45.1M in September, and 73.4M in December. LAST QUARTER: Apple reported first quarter EPS of $3.06, which topped the consensus estimate for $2.60. First quarter revenue of $74.6B also beat the $67.69B consensus expectation. Apple reported it sold 74.5M iPhones, 21.42M iPads and 5.52M Macs in Q1. Apple reported a Q1 gross margin of 39.9%, versus 37.9% in the same quarter of last year. NEWS: On February 11, Carl Icahn stated that he has gained further confidence in his thesis on the company, increasing the forecasted EPS for FY 2015 in his model from $9.60 to $9.70. Ichan noted then that he believed the market "should value Apple at $216 per share." A few days later, Financial Times reported Apple had been recruiting automotive technology and vehicle design experts who are at work in a confidential Silicon Valley location near the company’s Cupertino campus and The Wall Street Journal said the company was working secretly toward creating an Apple-branded electric vehicle. On March 6, S&P Dow Jones Indices announced Apple had been selected to replace AT&T (T) in the Dow Jones Industrial Average after the close of trading on Wednesday, March 18. On March 9, Apple announced that Apple Watch would be available on Friday, April 24 to customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the U.K. and the U.S. In addition to unveiling the Watch that day, Apple also announced a lower price tag of $69 for Apple TV, debuted the thinner new edition of its MacBook and Time Warner's (TWX) HBO announced HBO NOW was coming to Apple TV, making an HBO subscription available directly to Apple customers for the first time. ANALYST OPINION: On the day after Apple's last earnings report, a number of analysts hiked their price targets for the stock, with Cantor increasing its price target to what was then a "Street high" $160 from $143. In a note to investors on March 23, Cantor analyst Brian White then raised his price target on Apple to $180 from $160. At $180 per share, the company's total valuation would be about $1 trillion, the analyst stated. The streaming TV offering it will reportedly launch could be a stepping stone into making actual TVs, according to White, who noted that the LCD TV market is worth $100B a year. Additionally, given the 4G expansion in China, as well as the larger iPhones and Apple's relationship with China Mobile (CHL), Apple is better positioned than ever in China, according to the analyst. The reviews of the Apple Watch suggest that the product will be far short of "insanely great," Raymond James analyst Tavis McCourt wrote in a note to investors on April 10. The lukewarm reviews could raise doubts in investors' minds about the company's ability to launch successful new products and iPhone unit sales are likely to drop in fiscal 2016 versus fiscal 2015, McCourt contended. Against this backdrop, Apple's stock is likely to remain range-bound, wrote McCourt, who downgraded the stock to Market Perform from Outperform. Last April, Apple increased its share repurchase to $90B from $60B and increased its dividend by 8% to $11B annually, Piper's Munster has pointed out. This year, the firm believes "the bogey" for investors is a 15% increase to Apple's total reported capital return number, share repurchase plus past dividends, which would imply a $150B headline number, up from the $130B announced last year. Piper, however, estimates the most likely range for Apple's new capital return policy will fall between $170B and $180B. It keeps an Overweight rating on the stock with a $160 price target. This morning, Brean Capital analyst Ananda Baruah initiated shares of Apple with a Buy rating and $160 price target ahead of the company's March quarter report. Baruah told investors that consensus estimates for the iPhone maker are "materially low" though 2017. The analyst sees upside through 2017 from iPhone shipments and favorable gross margin due to greater than expected sales of the more profitable 6 Plus. PRICE ACTION: Shares of Apple advanced 5.65% on the first day of trade following its Q1 report. Over the last three months, shares of Apple are up more than 20%. In afternoon trading ahead of its Q2 report, Apple is up 1% to $131.58 per share.
15:04 EDTOSKNotable companies reporting before tomorrow's open
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15:04 EDTAAPLNotable companies reporting after market close
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14:59 EDTAAPLApple May 130 weekly straddle priced for 4.9% movement into Q2
14:31 EDTMSFTITC judge says InterDigital patents infringed by Microsoft, Bloomberg reports
12:39 EDTAAPLApple technical notes ahead of results
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12:25 EDTAAPLOn The Fly: Top stock stories at midday
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12:20 EDTXOMExxon May weekly volatility elevated into Q1 and outlook
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12:00 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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11:54 EDTAAPLStocks with call strike movement; BABA AAPL
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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10:00 EDTPGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
09:36 EDTNFLX, AAPLActive equity options trading on open
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09:22 EDTAAPLOn The Fly: Pre-market Movers
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09:09 EDTXOMExxon May weekly volatility elevated into Q1 and outlook
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09:02 EDTAAPLZAGG introduces InvisibleShield HD for Apple Watch
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08:37 EDTAAPLDiscover announces Apple Pay agreement with Apple
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08:16 EDTPGProcter & Gamble downgraded on lack of upside at CLSA
As previously reported, CLSA downgraded Procter & Gamble to Underperform from Outperform and lowered its price target to $81 from $90. The firm expects Procter & Gamble to continue to struggle with pricing in key international markets due to currency headwinds and said competitors are using FX tailwinds to promote new products. Additionally, CLSA said Procter & Gamble's brand divestiture program is a positive step to boost returns but is well anticipated by the market and likely dilutive.
08:14 EDTTBofA/Merrill media & telecom analysts hold analyst/industry conference call
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08:06 EDTAAPLApple Q2 revenue likely to surpass guidance, says RBC Capital
RBC Capital says that Apple's Q2 revenue should come in above the high end of its $52B-$55B guidance. The firm thinks the company's gross margins could beat expectations, and it keeps an Outperform rating on the shares.
07:45 EDTPG, PGProcter & Gamble downgraded to Underperform from Outperform at CLSA
07:41 EDTNFLXNetflix price target raised to $725 from $650 at Stifel
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07:13 EDTMSFT, T, NFLXUBM Tech to hold a conference
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07:00 EDTAAPLFutures higher as investors prepare for more earnings reports
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06:31 EDTAAPLApple may be intentionally slowing release of Tidal app updates, NY Post says
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06:25 EDTXOMBritish government would oppose any takeover of BP, FT reports
The British government has told BP (BP) that it wants the company to remain a "British industrial champion" and it would oppose any takeover of the the company, The Financial Times reports. British officials have said the government would be "skeptical" about any takeover, even if it involves Royal Dutch Shell (RDS.A) because it wants the country to have two big global oil companies. Analysts have previously named ExxonMobil (XOM) as possible suitor for BP. Reference Link
05:47 EDTHLFStocks with implied volatility movement; HLF ALTR
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05:31 EDTAAPLApple initiated with a Buy, $160 target at Brean Capital
Brean Capital analyst Ananda Baruah initiated shares of Apple with a Buy rating and $160 price target ahead of the company's March quarter results tonight. Baruah tells investors that consensus estimates for the iPhone maker are "materially low" though 2017. The analyst sees upside through 2017 from iPhone shipments and favorable gross margin due to greater than expected sales of the more profitable 6 Plus. Shares of Apple closed Friday up 61c to $130.28.
April 26, 2015
12:50 EDTAAPLApple, Celgene, others are 'top picks' for spring, Barron's says
In a survey of U.S. money managers, shares of Apple (AAPL), Dow Chemical (DOW), American Airlines (AAL), Celgene (CELG), General Motors (GM), and McDermott (MDR) were identified as top picks for this spring, Barron's contends in its cover story. Reference Link
April 24, 2015
18:27 EDTAAPLTD Bank Group announces Apple Watch app
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16:31 EDTMSFTStocks finish week higher following strong tech earnings
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16:19 EDTMSFTOn The Fly: Top stock stories for Friday
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16:00 EDTAAPL, MSFTOptions Update; April 24, 2015
iPath S&P 500 VIX Short-Term Futures down 21c to 20.89. Option volume leaders: AAPL AMZN PBR RIG GOOG TWTR TSLA MSFT ALTR according to Track Data.
14:50 EDTAAPLOn The Fly: Weekly technical notes ahead of Apple earnings
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13:45 EDTAAPLGrubHub launches Seamless App for Apple Watch
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12:51 EDTTAT&T says all twelve board nominees reelected for one-year terms
12:49 EDTMSFTOn The Fly: Top stock stories at midday
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12:33 EDTAAPLOptions with increasing implied volatility
Options with increasing implied volatility: MEMP GPRO TWTR AAPL
10:00 EDTMSFT, TOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Neutral at Macquarie... Alaska Air (ALK) upgraded to Buy from Neutral at Buckingham... Amazon.com (AMZN) upgraded at Raymond James... American Electric (AEP) upgraded to Buy from Hold at Deutsche Bank... Broadridge (BR) upgraded to Buy from Hold at Evercore ISI... Cablevision (CVC) upgraded to Hold from Sell at Brean Capital... Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman... Core Laboratories (CLB) upgraded to Outperform from Sector Perform at Iberia... Crown Castle (CCI) upgraded to Outperform from Market Perform at Raymond James... Encore Wire (WIRE) upgraded to Buy from Neutral at Sidoti... Gigamon (GIMO) upgraded to Buy from Neutral at DA Davidson... Juniper (JNPR) upgraded on improved outlook at RBC Capital... KPN (KKPNY) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Outperform from Market Perform at Avondale... Mattel (MAT) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded to Buy from Neutral at Nomura... Premiere Global (PGI) upgraded to Outperform from Market Perform at Raymond James... Quintiles (Q) upgraded to Buy from Hold at Jefferies... Southwestern Energy (SWN) upgraded to Market Perform at Raymond James... TE Connectivity (TEL) upgraded on positive catalysts at SunTrust... Target (TGT) upgraded to Buy from Neutral at BofA/Merrill... TriState Capital (TSC) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Buy from Hold at Evercore ISI... Vipshop (VIPS) upgraded to Buy from Hold at HSBC... Vocera (VCRA) upgraded to Buy from Hold at Craig-Hallum.
09:37 EDTMSFT, AAPLActive equity options trading on open
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09:20 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
08:56 EDTTAT&T comments on merger bode well for Dycom, says FBR Capital
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07:56 EDTAAPLApple Q2 results likely to beat expectations, says Bernstein
Bernstein expects Apple to report stronger than expected Q2 results, and says that the company could raise its dividend by 20%+ and buy back an additional $80B+ of its shares through 2017. The firm thinks Apple Watch could increase its gross margins by one percentage point. It raised its price target on the name to $142 from $135 and keeps an Outperform rating on the shares.
07:33 EDTMSFTNomura's Shurland upgrades Microsoft to Buy citing expected 2016 acceleration
Nomura's Richard Shurland upgraded Microsoft to Buy from Neutral with a $50 price target. Shurland said Microsoft's Q3 results reflected difficult comps and core business weakness due to the transition to cloud, but results were better than guidance. The analyst said there is emerging evidence that Azure has turned positive on gross margins and Office 365 margins have expanded sharply. Shurland believes Microsoft will begin to show low single digit revenue growth in 2016, with about 10% EPS growth from share repurchase leverage and with a 2.9% dividend yield. He also said he views valuation as reasonable.
07:31 EDTAAPLDeutsche sees Apple sales growth slowing from here
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07:26 EDTMSFTMicrosoft price target raised to $50 from $47 at RBC Capital
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07:21 EDTAAPLApple Watch teardown casts doubt on rumored upgradability, iFixit reports
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07:15 EDTAAPLApple job postings point to improvements in Siri, speech technology, AI reports
Apple is said to be working on improvements to its Siri speech recognition technology, Apple Insider reports. The company on Thursday opened posted several job listing relating to Siri, speech technology and language recognition, and is seeking a platform development manager and developer tools engineer for Siri, the publication says. Additionally, the company is seeking two pattern recognition engineers and software engineers in its Natural Languages Group. Reference Link
07:02 EDTMSFTMicrosoft upgraded to Buy from Neutral at Nomura
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06:55 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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06:31 EDTMSFTMicrosoft estimates more likely to go down than up, says Citigroup
Citigroup attributes the majority of Microsoft's earnings beat to "significantly" lower than expected operating expenses and it no longer expects next week's analyst day to be a negative catalyst as the company said FY16 guidance won't be given. Citi, however, still believes estimates are too high and are more likely to go down than up. It expects Microsoft shares to underperform and reiterates a Sell rating on the stock. It raised its price target for shares to $37 from $36.
06:30 EDTMSFTAmazon facing tough competition in cloud computing, NY Times says
Amazon (AMZN) remains dominant in cloud computing services, but other huge tech players, some of whom have many more resources than the e-commerce company, have entered the fray, according to The New York times. Microsoft (MSFT), the distant number two in the space, is especially committed to cloud computing services and its business is growing quickly, although analysts believe that tt may have difficulty signing up smaller companies, the newspaper stated. Reference Link
06:21 EDTTAT&T upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded AT&T (T) to Outperform and increased its price target to $37 from $33 following the Q1 report. The firm does not foresee any regulatory issues with the DirecTV (DTV) merger and recommends investors buy AT&T for increasing 2016 and beyond estimates, improving dividend coverage, free-cash-flow growth, and a potential $20B in assets that can be sold to deleverage, among other reasons.
06:16 EDTMSFTEU considers new regulator to oversee internet companies, WSJ reports
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05:57 EDTNFLXStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Netflix (NFLX) 27 according to iVolatility.
05:27 EDTAAPLExpedia app now available on Apple watch
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05:24 EDTAAPLAmazon announces shopping app for Apple Watch
The Amazon (AMZN) shopping app will be available on Apple Watch (APPL) in Canada, China, France, Germany, Japan, U.S. and U.K. Designed for the on-the-go customer, the shopping app offers a tailored Amazon experience, offering voice search and quick tap features including 1-Click purchase and save to Wish List.
April 23, 2015
19:45 EDTMSFTMicrosoft sees Q4 devices, consumer licensing revenue 3.2B-$3.4B
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19:16 EDTMSFTOn The Fly: After Hours Movers
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17:57 EDTMSFTMicrosoft up 3% after reporting better-than-expected Q3 earnings
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16:49 EDTPGOn The Fly: Top stock stories for Thursday
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16:11 EDTMSFTMicrosoft reports Q3 Commercial revenue grew 5% to $12.8B
Commercial revenue grew 5%, up 7% in constant currency, to $12.8B. Commercial cloud revenue grew 106%, up 111% in constant currency, driven by Office 365, Azure and Dynamics CRM Online, and is now on an annualized revenue run rate of $6.3B. Server products and services revenue grew 12%, up 16% in constant currency, with premium versions of Windows Server, System Center Server and SQL Server together growing 25%.
16:10 EDTMSFTMicrosoft reports Devices and Consumer revenue grew 8% to $9B
Devices and Consumer revenue grew 8%, up 11% in constant currency, to $9B. Office 365 Consumer subscribers increased to over 12.4M, up 35% sequentially. Windows OEM Pro revenue declined 19%, as Pro mix returned to pre-Windows XP end-of-support levels and the business PC market declined. Windows OEM non-Pro revenue declined 26%, primarily due to channel inventory drawdown and ongoing mix shift to opening price point devices. Search advertising revenue grew 21%, up 24% in constant currency, with Bing U.S. market share at 20.1%, up 150 basis points over prior year.
16:08 EDTMSFTMicrosoft says stronger U.S. dollar had 'significant' impact on Q3 results
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16:07 EDTMSFTMicrosoft results include $190M of integration, restructuring expenses
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16:05 EDTMSFTMicrosoft reports Q3 EPS ex-items 62c, consensus 51c
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16:01 EDTAAPLOptions Update; April 23, 2015
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15:38 EDTMSFTEarnings Watch: Citi says sell Microsoft shares, Wells Fargo sees outperformance
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13:01 EDTPGOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
12:58 EDTMSFTMicrosoft April weekly volatility elevated into Q3 and outlook
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12:47 EDTMSFTMicrosoft technical notes before earnings
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12:35 EDTAAPLStocks with call strike movement; CSX AAPL
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11:52 EDTAAPLApple lists several job openings for speech & language teams, Apple Insider says
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11:27 EDTAAPLApple could announce new iPod touch this year, Apple Insider reports
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11:19 EDTTAT&T eyes benchmark bond offering to back DirecTV merger, Forbes reports
AT&T (T) is shopping a benchmark offering of SEC-registered senior notes across as many as six tranches to back its planned merger with DirecTV (DTV), reports Forbes. The company is eyeing the placement of June-dated five-year notes in fixed- and/or floating-rate formats. Reference Link
11:08 EDTHLFHerbalife confirms to Bloomberg 2% price increase in U.S.
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10:07 EDTPGProcter & Gamble sees FY15 capital spending 4%-5% of sales
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09:43 EDTAAPLApple not targeting May 8 for Apple Watch second wave launch, 9to5Mac says
Sources told 9to5Mac that Apple is not currently targeting May 8 for its launch of pre-ordering for the Apple Watch in a second wave on countries, refuting a report yesterday from Italy's iSpazio that said that was the date being considered for the next wave of launches. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB PBR TWTR AA COST TSLA AMZN TXN BAC
09:16 EDTPGBarclays believes Procter & Gamble could trade down today
Barclays said Procter & Gamble reported just 1% organic growth, a sequential deceleration and the slowest top-line growth in five years. The analyst believes investors will be frustrated by worsening fundamentals since the CEO transition and expects shares to trade sharply lower today.
09:16 EDTPGGoldman expects Procter & Gamble to trade lower
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08:56 EDTPGProcter & Gamble plans to reduce number, cut costs of ad agency accounts
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08:51 EDTPGP&G says will 'significantly' exceed cost savings goals set three years ago
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08:44 EDTPGProcter & Gamble says new company to consist of about 65 leading brands
Procter & Gamble says about 40 brands divested to date amid simplification plan of exiting about 100 brands. P&G sees having plans in place for remaining brands to be divested by as early as this summer and sees closing planned brand divestiture deals by roughly the end of fiscal 2016. Comments from P&G Q3 earnings conference call.
08:04 EDTSCSSSelect Comfort reported outstanding results, says Stifel
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07:41 EDTHLFHerbalife price target raised to $50 from $42 at Canaccord
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06:59 EDTPGProcter & Gamble backs FY15 core EPS to be down low single digits
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06:58 EDTPGProcter & Gamble took non-cash charge of $300M or 10c per share in Q3
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06:57 EDTPGProcter & Gamble to offset forex with pricing, mix enhancement, cost reduction
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06:56 EDTPGProcter & Gamble reports Q3 core EPS 92c, consensus 92c
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06:19 EDTAAPLSome Apple Watch orders prepared for shipment ahead of schedule, 9to5Mac says
Though many Apple Watch customers were hit with months-long shipping delays, Apple has started preparing some orders for shipment ahead of schedule, 9to5Mac reports. A spokesperson says "We’re happy to be updating many customers today with the news that their Apple Watch will arrive sooner than expected. Our team is working to fill orders as quickly as possible based on the available supply and the order in which they were received." Reference Link
06:01 EDTNFLXStocks with implied volatility below IV index mean; SNDK NFLX
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05:31 EDTTADTRAN downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded ADTRAN (ADTN) to Neutral after the company said on its Q1 earnings call that its deployment with AT&T (T) has been fully cancelled. Goldman expected the AT&T business to drive revenue and earnings reacceleration. It cut its price target for ADTRAN shares to $18 from $26.
April 22, 2015
19:14 EDTT, SCSSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
17:31 EDTNFLXNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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17:23 EDTAAPLNokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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16:18 EDTSCSSSelect Comfort raises FY15 EPS to $1.35 from $1.30, consensus $1.35
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16:17 EDTSCSSSelect Comfort reports Q1 EPS 54c, consensus 41c
Reports Q1 revenue $349.81M, consensus $332.56M. Reports 22% comparable sales growth.
16:10 EDTTAT&T sees DirecTV deal closing in Q2
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16:08 EDTTAT&T Q1 wireless revenues up 1.8% to $18.2B
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16:03 EDTTAT&T says FY15 standalone guidance 'on track'
16:02 EDTTAT&T reports Q1 adjusted EPS 63c, consensus 62c
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16:00 EDTAAPLOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
15:50 EDTPGNotable companies reporting before tomorrow's open
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15:30 EDTSCSS, TNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
15:12 EDTPGProcter & Gamble technical comments before earnings
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15:12 EDTAAPLAOL debuts three apps for Apple Watch
AOL (AOL) announced the debut of three apps built for the Apple Watch, including Pip, the newly redesigned The Huffington Post app, and the AOL app. Each of them will be available on April 24, the company stated.
15:10 EDTPGEarnings Watch: Procter & Gamble to report Q3 results after forex warnings
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10:53 EDTNFLXOptions with decreasing implied volatility
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10:31 EDTAAPLUBS U.S. IT Hardware analyst holds an analyst/industry conference call
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10:02 EDTSCSSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
10:01 EDTMSFTEY and Microsoft form strategic business relationship
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09:54 EDTAAPLApple Watch pre-orders may start May 8 in next wave of countries, MacRumors says
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08:16 EDTMSFTSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
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07:20 EDTAAPLApple survey continues to show strong iPhone demand, says UBS
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07:08 EDTAAPLPriceline Apple launches Apple Watch travel applications
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06:25 EDTTFCC staff to meet with commissioners today on Comcast deal, Reuters reports
FCC staff is slated to brief the agency's commissioners later today on their review of Comcast's (CMCSA) proposed merger with Time Warner Cable (TWC), according to Reuters, which cited two unnamed sources. The staff is also slated to discuss its view of a $48B pending deal between AT&T (T) and DirecTV (DTV), the news agency quoted one of the sources as saying. Reference Link
06:16 EDTAAPLApple retail chief discusses Apple Watch, MacBook in video, BI reports
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06:10 EDTXOMBP CEO says has no appetite for megamerger, FT reports
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06:01 EDTTGoogle could launch wireless service today, WSJ reports
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April 21, 2015
18:35 EDTAAPLChinese court rules in favor of Apple in Siri patent case, Economic Times says
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16:14 EDTSCSSSelect Comfort upgraded to Outperform from Neutral at Wedbush
16:00 EDTAAPLOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
14:00 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: NFLX MLNX XON WUBA MEMP BMRN FTNT BPT SNDK
13:40 EDTAAPL, TEarnings Watch: AT&T sees Q1 charge of approximately $130M
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13:34 EDTMSFTEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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12:59 EDTXOMExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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11:00 EDTAAPLStocks with call strike movement; AMZN AAPL
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10:34 EDTAAPLCorning sapphire glass rumored to be in new Apple iPhone, PatentlyApple says
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09:37 EDTAAPLActive equity options trading on open
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08:20 EDTAAPLOrbitz app now customized for Apple Watch
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07:57 EDTTAT&T April weekly volatility elevated into Q1 and outlook
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07:37 EDTMSFTMad Catz Interactive extends agreement with Harmonix for Rock Band 4
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07:36 EDTTU.S. mobile cariers could be pressured from new data plans, WSJ says
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07:30 EDTMSFTMicrosoft volatility elevated into Q3 and outlook
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06:18 EDTAAPLCitigroup unenthused with IBM mix, still prefers Apple
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06:04 EDTMSFTYahoo, Microsoft add termination clause to search deal
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05:58 EDTAAPLReport: AU Optronics to supply Apple with iPhone panels, DigiTimes says
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April 20, 2015
16:01 EDTNFLX, AAPLOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
12:08 EDTNFLXTiming of Rovi renewal with Charter a plus, says JPMorgan
JPMorgan said the timing of the closing of Rovi's (ROVI) renewal of its IP and programming guide agreement with Charter (CHTR) is advantageous given Rovi's other impending renewals and should give some confidence that large service provider renewals don't hinge on the outcome of the company's court case with Netflix (NFLX). However, the firm added that it would not be surprised to see more volatility in Rovi shares if court rulings favor Netflix and it kept a Neutral rating on the stock.
10:11 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
09:52 EDTNFLXRovi deal with Charter a 'material' positive, says Piper Jaffray
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09:36 EDTNFLX, AAPLActive equity options trading on open
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08:42 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
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08:32 EDTXOMBofA/Merrill European strategists hold an analyst/industry conference call
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08:18 EDTAAPLApple Q2 EPS estimate raised above consensus at Pacific Crest
Pacific Crest raised its Q2 EPS estimate for Apple to $2.17 from $2.15, putting it above the consensus estimate of $2.14. The firm raised its Q2 estimate based on an increase in its iPhone unit outlook, and raised its fiscal 2015 and fiscal 2016 EPS estimates for the company based on higher iPhone and Apple Watch estimates. Nonetheless the firm expects the company to face growth challenges in fiscal 2016, and it keeps a Sector Weight rating on the shares.
07:30 EDTAAPLApple Q2 results likely to beat expectations, says Wells Fargo
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06:18 EDTAAPLAnalyst sees Apple Watch as company's 'most profitable product ever,' BI reports
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05:51 EDTMSFTEU calls for 'level playing field' in telecoms market, Financial Times reports
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05:44 EDTAAPLApple cuts orders to upstream partners to reduce risks, DigiTimes reports
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05:22 EDTAAPLBooking.com launches first booking travel app for Apple Watch
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April 19, 2015
16:51 EDTMSFTFireEye labs detected limited APT campaign
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14:23 EDTNFLXNetflix stock may see pressure as content costs rise, Barron's says
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14:17 EDTAAPLSony stock may rise 20% over next year, Barron's says
Shares of Sony (SNE) are likely to jump 20% during the next year, Barron's contends in its "Follow Up" column. Barron's notes that the company is rumored to supply camera chips for Apple's (AAPL) iPhone 7, and Sony could also look to exit its TV and mobile phone businesses. Reference Link
April 17, 2015
16:31 EDTNFLXStocks end week lower amid earnings reports, fear about Greece, China
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16:11 EDTAAPL, NFLXOptions Update; April 17, 2015
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16:02 EDTPGProcter & Gamble raises quarterly dividend 3%
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14:40 EDTXOMAnadarko weighs sale of Mozambique gas assets to Exxon, Reuters reports
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13:39 EDTMSFTElectronic Arts says Star Wars Battlefront begins shipping November 17
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12:39 EDTMSFTMicrosoft weekly volatility elevated into Q3 and outlook
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11:20 EDTMSFTGoogle deal possible after Yahoo amends search pact with Microsoft, analyst says
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10:34 EDTAAPLApple seeks to launch Apple Pay in Canada in November, WSJ reports
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10:25 EDTAAPLApple seeks to launch Apple Pay in Canada in November, DJ reports
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10:19 EDTMSFTAnalyst says AMD driving close to cliff after Q1 miss
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10:14 EDTNFLXOptions with decreasing implied volatility
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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09:59 EDTNFLXNetflix continues its post-earnings pop, levels to watch
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09:36 EDTAAPL, NFLXActive equity options trading on open
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08:29 EDTXOMU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
07:15 EDTMSFTYahoo search deal with Google could add $10/share, says Jefferies
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06:38 EDTAAPLApple initiated with an Outperform at FBR Capital
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06:33 EDTMSFT, AAPLChina suspends new bank technology policy, NY Times reports
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06:28 EDTNFLXNetflix receives better treatment from international service providers, WSJ says
International broadband providers open their networks to Netflix and integrate the app into their boxes, as opposed to U.S. providers, which are battling with the streaming video service over internet regulations, reports the Wall Street Journal. Reference Link
05:57 EDTNFLXStocks with implied volatility below IV index mean; NFLX SNDK
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April 16, 2015
16:21 EDTNFLXOn The Fly: Top stock stories for Thursday
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16:15 EDTSCSSSelect Comfort says Blue Clay plans 'risky, poorly conceived'
Select Comfort sent a letter to its shareholders urging them to vote in support of its "strong financial performance and the superior shareholder returns." The letter also states, "Blue Clay is attempting to replace two incumbent Select Comfort directors with its own nominees in order to advance Blue Clay’s poorly conceived and risky changes to Select Comfort’s business. Blue Clay’s demands to 'immediately' and 'aggressively' expand the store base would have a significant adverse impact on Select Comfort’s business and shareholder value. Blue Clay’s fundamental lack of understanding of our business model and growth and profitability drivers led them to simply apply a competitor’s approach to a company unlike any other in the industry."
16:02 EDTNFLX, AAPLOptions Update; April 16, 2015
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13:53 EDTAAPLApple cooperation with antitrust monitor declines, Reuters says
A court appointed monitor notified a judge that Apple's cooperation with him has "sharply declined," says Reuters. The monitor, who was assigned to Apple after the company was found liable for conspiring to raise e-book prices, said that Apple objected to providing information and "inappropriately" attempted to limit his activities, added Reuters. Reference Link
13:36 EDTAAPLApple watches won't be available in-store in May, Telegraph reports
Apple Watches will not be available to buy in-store in May, according to a memo from Apple retail chief Angela Ahrendts, The Telegraph reports. Instead, customers will be asked to order online to "get customers the model they want earlier and faster," according to the memo. Reference Link
12:37 EDTNFLXOn The Fly: Top stock stories at midday
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12:26 EDTAAPLYahoo announces four apps for Apple Watch
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12:00 EDTAAPLApple partners with Conservation Fund to preserve 36K acres, Buzzfeed says
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11:54 EDTMSFTYahoo gets more flexibility with new Microsoft agreement, says Cantor
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11:23 EDTNFLXStreet Check: Citi, UBS upgraded Netflix in week before earnings rally
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10:15 EDTNFLXOptions with decreasing implied volatility
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPL, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTNFLXOn The Fly: Pre-market Movers
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09:07 EDTAAPLMaxim starts Apple at Hold on non-China iPhone slowdown
Maxim analyst Nehal Chokshi initiated shares of Apple with a Hold rating and $144 price target. After surveying over 800 international consumers, Chokshi thinks iPhone demand in non-Greater China markets will likely be down 16% year-over-year in 2015. The analyst points out, however, that the survey suggests iPhone demand should continue at a 100% rate for 2015 relative to 2014, a data point he calls "significantly positive." Chokshi views Apple as a "very attractive long-term investment," but thinks mature market smartphone lifecycles will trump the strong share gains in China this year.
09:01 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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09:00 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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08:43 EDTAAPLSunPower's China joint venture with Apple to provide solar power in China
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07:53 EDTNFLXNetflix price target raised to $625 from $509 at JPMorgan
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07:47 EDTNFLXNetflix price target raised to $610 from $483 at Oppenheimer
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07:46 EDTNFLXNetflix price target raised to $600 from $565 at UBS
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07:44 EDTAAPLApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
07:38 EDTNFLXNetflix price target raised to $600 from $515 at Nomura
Nomura raised Buy rated Netflix's price target to $600 based on accelerating core subscriber growth.
07:37 EDTNFLXNetflix price target raised to $650 from $535 at Stifel
Stifel increased its price target on Netflix after the company reported higher than expected global streaming subscriber growth for Q1. The firm expects the company's subscriber momentum to continue and keeps a Buy rating on the shares.
07:19 EDTNFLXOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
07:13 EDTNFLXNetflix upgraded to Outperform with $900 target at FBR Capital
FBR Capital upgraded Netflix to Outperform from Market Perform and raised its price target for shares to $900 from $400. The stock in premarket trading is up $61.91 to $537.37 after the streaming service reported Q1 results last night. FBR says its survey work with ClearVoice Research revealed that domestic Netflix subscribers "love the service more than TV." The firm now believes Netflix is very likely to move towards 180M global subscribers by 2020. It sees international streaming, with a market opportunity nearly six times the U.S., as supporting its new $900 price target. Netflix price targets are being raised around the Street following the company's Q1 results. Cantor took its target up to $580, Citigroup $584 and Needham $600. FBR at $900 is an outlier.
06:52 EDTNFLXNetflix price target raised to $580 from $500 at Cantor
Cantor increased its price target on Netflix as the firm thinks the company reported "very strong" Q1 results. The firm notes that Netflix's subscriber results and Q2 subscriber guidance exceeded expectations. It keeps a Buy rating on the shares.
06:43 EDTAAPLAnalyst: Apple Watch pre-orders exceed 2.3M, MacRumors reports
KGI Securities analyst Ming-Chi Kuo estimates that Apple's debut smartwatch, Apple Watch, has sold over 2.3M units since pre-orders opened, MacRumors reports. The analyst notes that Apple is targeting production of 2M-3M Apple Watch units per month, and that apple could reach 2.5M units produced in June without potential bottlenecks to production. Reference Link
06:25 EDTAAPLPoll: Six percent of Americans intend to buy Apple Watch, Reuters says
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06:11 EDTAAPLApple initiated with a Hold at Maxim
Target $144.
06:09 EDTNFLXNetflix price target raised to $584 from $525 at Citigroup
Citigroup analyst Mark May raised his price target for Netflix shares to $584 saying the company posted "strong" Q1 results with a "favorable" outlook. May says both the streaming service's domestic and international subscriber growth exceeded expectations. Both segments benefited from original programming content that has been well received, May states. He views the Q1 results as evidence that Netflix is disrupting video viewing habits and keeps a Buy rating on the name. Shares of the company are up $57.81 to $533.27 in premarket trading following the last night's earnings report.
06:08 EDTMSFTMicrosoft counceled EC in Google antitrust probe, NY Post says
Microsoft (MSFT) "complained a lot" and "definitely counseled" the European Commission in its antitrust investigation of Google (GOOG), reports the New York Post, citing a source with direct knowledge of the situation. Reference Link
05:50 EDTAAPLApple to equip next iPhone next iPhone with Force touch tech, DigiTimes says
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April 15, 2015
18:56 EDTNFLXOn The Fly: After Hours Movers
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18:43 EDTNFLXNetflix CEO Hastings backs target of 60M-90M U.S. subscribers
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18:36 EDTNFLXNetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
16:39 EDTPGHenkel, Revlon, Coty line up bids for Procter & Gamble beauty unit, Reuters says
According to sources, Henkel & Co (HENKY), Revlon (REV) and Coty (COTY) are lining up bids for parts of Procter & Gamble's (PG) beauty business, Reuters reports. Reference Link
16:16 EDTNFLXNetflix sees shifting some U.S. marketing budget to international in Q2
Netflix stated in its Q1 investor letter: "In 2015, we expect to run ahead of our US contribution margin growth target of 200 bps/year on average because a greater share of global and original content costs will be absorbed by existing and new international territories as we continue to expand globally, since we allocate global content costs by geography. In addition, starting in Q2 we intend to shift some of our US marketing budget to international to take advantage of the substantial available growth opportunities. This, in the short term, drives down international contribution profits and drives up US contribution profits. We are still targeting 40% contribution margin in the US in 2020."
16:12 EDTNFLXNetflix jumps 12.5% to $534.88 after Q1 member additions top forecast
16:11 EDTNFLXNetflix sees recommending stock split to board
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16:10 EDTNFLXNetflix sees Q2 net additions of 2.5M members
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16:08 EDTNFLXNetflix reports adding 2.3M new members in U.S. in Q1
In the U.S., Netflix gained 2.3M new members, "well above" its expectation of 1.8M due to both acquiring and retaining more members than forecast. Internationally, it added 2.6M members versus a forecast of 2.25M due to stronger growth than expected across a number of markets. "We think strong US growth benefited from our ever-improving content, including the launch of the third season of House of Cards and new shows Unbreakable Kimmy Schmidt and Bloodline," the company said.
16:07 EDTNFLXNetflix reports 4.9M members added in Q1
Netflix said it added a record 4.9M new members globally in Q1, against its forecast of 4.1M and prior year of 4.0M, bringing its total global streaming membership to 62.3M.
16:05 EDTNFLXNetflix sees Q2 EPS 26c, consensus 90c
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16:05 EDTNFLXNetflix reports Q1 EPS 38c, consensus 69c
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16:01 EDTAAPLOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
15:05 EDTAAPLEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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14:34 EDTNFLXNetflix April 475 straddle priced for 9.4% movement into Q1
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13:53 EDTNFLXNetflix April volatility elevated into Q1 and outlook
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
Ahead of results the stock is trading relatively close, on a percentage basis, to its 52-week high and life high at $489.28. The technical disposition of the stock has always been somewhat problematic given the large number of discontinuities, gaps, on the chart. Despite an extreme valuation, sentiment in the stock has not wavered from strongly bullish, leaving the more than 8.5% of shares short in the float vulnerable to squeezes. That in large measure has been the source of the discontinuities on the chart. In the past few months the stock has largely traded in a wide range of $400 at the low and $480 at the high. Breaks of either end of this range are likely to determine how shares trade post-earnings. On a move above $480 and the life high at $489.29 there is no resistance. If the upward trend from April 2013 until early March 2014 is projected forward in time, a price objective of $560 might be possible on very bullish news or outlook. But the move could be even stronger than that based on previous extreme reactions to earnings news. If the news disappoints with a bearish outlook relative to very high expectations in the name, the low at $400 could easily be tested. Below that support, the next downside objective could be at the $380 to $375 area. This has previously been a zone of support and resistance. A move to these levels would break the long-term uptrend which has paused for the last 13 months. A slow migration down to the $300 area might then be possible over time. That level has previously been important support for the stock. It along with the $480 level constitutes a large scale rectangle of a trading range from March 2014 onward which is best seen on a 5-year chart.
12:39 EDTNFLXEarnings Watch: Netflix shares trading up 35% since last earnings report
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10:06 EDTAAPLSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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09:35 EDTNFLX, AAPLActive equity options trading on open
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09:03 EDTNFLXNetflix collaborates with Silverback Films and WWF for 'Our Planet'
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08:56 EDTAAPLVIX methodology for Apple elevated at 35.58
VIX methodology for Apple (VXAPL) at 35.58 compared to its 50-day moving average of 28.57.
08:15 EDTEGHT8x8, Inc. issued new conferencing and meeting patent
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08:02 EDTHLFHerbalife members to meet with members of Congress
Today, 19 independent members from global nutrition company, Herbalife will be in Washington, D.C. to educate their congressional representatives about Herbalife and how their lives have been improved since becoming involved with Herbalife. The members are visiting Washington, D.C. from California, Illinois, Louisiana, North Carolina, Maryland, South Dakota, and Tennessee. The members are in DC to talk about Herbalife’s science-based nutrition products and the benefits they’ve received from using the products. Additionally, the members will speak with congressional offices about the income-generating opportunities that are available to Herbalife members through hard work and continued dedication.
08:01 EDTAAPLApple services profit contribution rising, says UBS
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
06:35 EDTAAPLSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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06:18 EDTAAPLApple, Google, others doubling down on European operations, WSJ reports
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06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
06:14 EDTAAPLSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTAAPLSmart wearaable device vendors avoid Apple Watch competition, DigiTimes says
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April 14, 2015
17:45 EDTAAPLApple acquires Israel-based camera-technology company LinX, WSJ says
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16:00 EDTAAPL, NFLXOptions Update; April 14, 2015
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12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
12:01 EDTAAPLApple says ResearchKit now available to medical researchers
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11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
10:27 EDTAAPLSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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09:43 EDTAAPLApple to discuss future of iOS and OS X at conference on June 8
Apple announced that it will hold its 26th annual Worldwide Developers Conference June 8 through June 12 at San Francisco’s Moscone West. At WWDC, Apple’s developer community will come together to learn about the future of iOS and OS X. WWDC will feature more than 100 technical sessions, over 1,000 Apple engineers, hands-on labs to help developers integrate technologies and fine tune their apps. Reference Link
09:35 EDTNFLX, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:11 EDTNFLXDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
08:57 EDTNFLXNetflix price target raised to $530 from $450 at Canaccord
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08:40 EDTAAPLSeveral signs suggest Apple may build a car, says Bernstein
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08:18 EDTNFLXNetflix April volatility elevated into Q1 and outlook
Netflix April call option implied volatility is at 106, May is at 51, June is at 40; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
06:40 EDTXOMU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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06:11 EDTPGProcter & Gamble CEO could step down as early as summer, WSJ reports
Procter & Gamble CEO A.G. Lafley and other senior executives have reportedly made comments in private meetings with Wall Street analysts and investors that Lafley could step down as early as this summer, The Wall Street Journal reports, citing sources who attended the meetings. Analysts believe Lafley could remain chairman for "another year or two" to help smooth a CEO transition. The company's next CEO, which is likely to be an internal candidate, is widely expected to be P&G executive David Taylor. Reference Link
06:06 EDTNFLXNetflix price target raised to $487 from $360 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $487 from $360 after analyzing the company's total addressable market and potential penetration through 2020. Olson has a "relatively more positive bias" on Netflix after his analysis suggested the company's earnings growth from 2016-2020 will average around 50%. He keeps a Neutral rating on Netflix, however, encouraging investors to take advantage of entry points closer to $400. Olson slightly reduced his 2016 earnings estimates for the company to reflect its continued investments ahead of a "material" earnings growth phase. UBS yesterday upgraded Netflix to Buy from Neutral with a $565 price target. Shares of the streaming service closed yesterday up $20.11 to $474.68.
05:48 EDTAAPLReport: Foxconn engaged in selling second-hand iPhones in China, DigiTimes says
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05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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