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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 16, 2014
11:16 EDTAAPLVirnetX plunges after appeals court vacates jury award in suit with Apple
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11:09 EDTAAPLVirnetX wins mixed ruling in patent case with Apple, Bloomberg reports
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10:52 EDTAAPLApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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10:31 EDTAAPLApple has a bearish pattern on 1-day basis, levels to watch
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10:22 EDTAAPLBanks set for ad battle to be default choice for Apple Pay, Apple Insider says
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10:12 EDTAAPLApple's iPhone 6 NFC chip restricted to Apple Pay, The Verge reports
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10:09 EDTAAPLApple iPhone 6 launch timing concerns in China overdone, says Susquehanna
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09:59 EDTYELPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
09:45 EDTPRumor: Pandora moves up on renewed activist speculation
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09:36 EDTYHOO, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
09:13 EDTAAPLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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07:39 EDTYHOOYahoo September volatility increases to 89 into Alibaba IPO
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07:31 EDTYHOOSoftbank, Yahoo poised to profit from record Alibaba IPO, WSJ reports
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07:27 EDTPBofA/Merrill to hold a conference
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07:19 EDTAAPLCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
06:42 EDTAAPLPayPal running ads against Apple Pay, Business Insider reports
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06:36 EDTAAPLiPhone 6/6 Plus may suffer similar iPhone 5s/5c inventory issues, DigiTimes says
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06:28 EDTAAPLLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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05:58 EDTYHOOYahoo implied volatility of 61 at upper end of index mean range
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05:49 EDTYHOOStocks with implied volatility movement; YHOO BBRY
Stocks with implied volatility movement; Yahoo (YHOO) 61, BlackBerry (BBRY) 61 according to iVolatility.
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