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Stock Market & Financial Investment News

News Breaks
November 2, 2012
14:14 EDTAIG, ACE, TRIP, AAPL, TRV, HIG, PCLN, NFLX, CB, TWGP, SBUXMarket set to end week higher as earnings, China data boost shares
Stocks are set to end the abbreviated trading week slightly higher, as better than expected earnings from a number of companies and positive Chinese economic data lifted shares, despite the devastation caused by Hurricane Sandy and uncertainty about the upcoming U.S. elections... MACRO NEWS: Hurricane Sandy killed at least 98 people; left millions without electricity in the New York area; flooded Lower Manhattan, the New Jersey Shore, and other areas; knocked out much of the region's mass transportation infrastructure for several days; forced stock exchanges to close on Monday and Tuesday; and caused a gasoline shortage. Hurricane Sandy will probably cost insurance companies a total of $10B-$20B, research firm Equecat said... The economy created 171,000 net new non-farm jobs last month, versus the consensus estimate of 125,000. Meanwhile, China reported earlier in the week that its Purchasing Managers' Index rose to 50.2 in October from 49.8 in September... COMPANY NEWS: Starbucks (SBUX), Priceline.com (PCLN) and TripAdvisor (TRIP) all reported higher than expected third quarter profits... Apple's (AAPL) iPad mini went on sale, but in Asia a smaller number of people appeared to be waiting in line to purchase the device than during previous Apple product launches, Reuters reported... Billionaire investor Carl Icahn announced that he had acquired a 9.9% stake in Netflix (NFLX) and said the company was undervalued. Netflix may become a takeover target for a giant tech company, Icahn added.
News For AAPL;SBUX;PCLN;TRIP;TWGP;HIG;ACE;CB;TRV;AIG;NFLX From The Last 14 Days
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August 19, 2015
19:13 EDTAAPLSamsung to ask Supreme Court to review Apple patent ruling
Samsung (SSNLF) has filed court documents indicating it will ask the U.S. Supreme Court to hear an appeal of its Apple (AAPL) patent fight. Reference Link
17:44 EDTAAPLApple iPhone 6s to feature stronger metal body, MacRumors says
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16:00 EDTNFLX, AAPLOptions Update; August 19, 2015
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11:14 EDTAAPLApple to open first Middle East store this year, Bloomberg reports
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10:57 EDTNFLXT-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
09:33 EDTAAPL, NFLXActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
07:52 EDTAAPLAnalog Devices growth being driven by Apple, says Jefferies
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06:35 EDTAAPLApple Stores to shift iPod stock to shelves, drop iPad smart signs, 9to5Mac says
Apple plans to make changes at its stores by relocating iPod stock to accessory shelves and removing iPad-based Smart Signs, 9to5Mac reports, citing several Apple Retail managers briefed on the plans. Apple will start to roll out these changes overnight on Tuesday of next week in the U.S., the report says. Reference Link
06:12 EDTSBUXStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.
06:01 EDTNFLXNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
August 18, 2015
18:43 EDTAAPLApple denies report of 48% Apple Music retention rate, The Verge says
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16:13 EDTAIGAIG to exit stake in AerCap
16:00 EDTAAPL, HIG, NFLXOptions Update; August 18, 2015
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15:54 EDTAAPL48% of Apple Music listeners give up streaming, Cult of Mac says
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11:14 EDTNFLXStocks with call strike movement; NFLX VALE
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09:39 EDTNFLX, AAPLActive equity options trading on open
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06:30 EDTAAPLU.S. PTO views Apple D'677 iPhone design patent as invalid, Foss Patents says
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06:15 EDTAAPLNew Apple TV's OS to be TV-optimized version of iOS 9, 9to5Mac reports
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06:08 EDTSBUXStarbucks to start selling wine, beer at some stores this week, USA Today says
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05:55 EDTAAPLQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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