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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:40 EDTAAPL, SKUL, P, HAR, YHOO, TWTR, YELPMunster says Beats seems like poor fit for Apple
After a media report stated that Apple (AAPL) was in talks about buying Beats Electronics, Piper Jaffray analyst Gene Munster wrote that acquiring Beats "sounds like a bad idea" for the iPhone and iPad maker. Beats Electronics, which was co-founded by rapper and record producer Dr. Dre, sells headphones and other audio equipment and operates a music streaming service. WHAT'S NEW: Financial Times reported last night, citing people familiar with the negotiations, that Apple is in talks to acquire Beats for $3.2B in a deal that could be announced as early as next week. It's difficult to understand Apple's rationale for acquiring Beats, wrote Munster in a note to investors earlier today. Beats does not have any intellectual property that would make it a good acquisition for Apple, and although Beats would provide a world class music brand, the tech giant already has a world class brand, according to Munster. He believes that Apple would be better served by acquiring an Internet services company such as Yelp (YELP), Twitter (TWTR), Square "and even Yahoo (YHOO)." Munster kept an Overweight rating on Apple. WHAT'S NOTABLE: Shares of another audio equipment maker, Skullcandy (SKUL), are surging following the report. In a note to investors earlier today, research firm Roth Capital wrote that the valuation at which Apple is reportedly looking to buy Beats suggests that Skullcandy was materially undervalued before the market opened today. Apple is reportedly discussing buying Beats for about 2.2 times Beats' estimated 2013 revenue, while Skullcandy was trading at just 0.9 times its 2013 revenue, according to the firm. The firm kept a $10 price target and Buy rating on Skullcandy. OTHERS TO WATCH: Harman International (HAR) is an audio equipment maker, while Pandora (P) offers a music streaming service that is significantly more popular than that of Beats. PRICE ACTION: In early trading, Apple fell about 1% to $583.20, Skullcandy jumped 5% to $7.21, Pandora rose 1.5% to $22.54 and Harman was fractionally lower at $103.65.
News For AAPL;SKUL;P;HAR;YHOO;TWTR;YELP From The Last 14 Days
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September 8, 2014
09:56 EDTAAPLGT Advanced risk profile 'neutral at best' into Apple event, says Canaccord
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09:40 EDTAAPL, YHOOActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:29 EDTAAPLCraig-Hallum says Integrated Device likely in Apple iWatch
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09:25 EDTAAPLAlleged leaked images of Apple's iWatch show mic, speaker, Siri, 9to5Mac says
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09:18 EDTTWTRTwitter confirms test of 'Buy' button for select U.S. users
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09:09 EDTYHOOYahoo volatility elevated into Alibaba roadshow
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08:40 EDTAAPLApple volatility increases into September 9 press event
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07:35 EDTAAPLAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:22 EDTAAPLFormer GT Advanced manager points to sapphire covers at Apple, MacRumors says
While neither Apple (AAPL) nor GT Advanced (GTAT) have confirmed that Apple plans to use sapphire covers for its upcoming iPhones, a former product manager at GT claims on his LinkedIn profile that he played a key role in selling Apple on sapphire display covers for its "mobile devices," according to MacRumors, citing a prior report from TechViking. Reference Link
06:46 EDTYHOOYahoo acquires, shuts down, Luminate
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06:45 EDTYHOOYahoo to receive $8.8B in first tranche of Alibaba stake, says Cantor
Cantor Fitzgerald says that based on Alibaba's (BABA) updated F1 on Friday, Yahoo (YHOO) will receive $8.8B in the first tranche of its Alibaba stake. Cantor estimates that at the mid-point, Alibaba's proposed market cap is $158.3B, with Yahoo's stake valued at $33B. The firm notes this is below its $180B estimate. Cantor says Yahoo is only selling 140M shares in the first tranche, leaving 384M shares to be sold in a year-plus, likely at a higher valuation and on better tax terms. Cantor keeps a Buy rating on the stock.
06:44 EDTAAPLApple's iWatch could have own App Store, will run third-party apps, 9to5Mac says
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06:33 EDTYHOOYahoo's core business valued at $11B, WSJ reports
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06:28 EDTYHOOAlibaba recently added three new partners, WSJ reports
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06:24 EDTAAPLGT Advanced September volatility elevated into Apple event
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06:21 EDTAAPLSmartwatch market to reach $10B by 2018, says Citigroup
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06:04 EDTYHOOStocks with implied volatility top IV index mean; AMD YHOO
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September 7, 2014
20:37 EDTAAPLApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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14:10 EDTAAPLApple hires 'renowned' industrial designer Marc Newson, Bloomberg says
Apple has hired "renowned" industrial designer Marc Newson to work on future products, says Bloomberg. Newson will work on the small secretive Apple team that work on designs that give the company's products their physical look and feel, added Bloomberg. Reference Link
13:40 EDTAAPLApple looks to focus on health with unveiling of smartwatch, WSJ says
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