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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:40 EDTTWTR, P, YHOO, SKUL, YELP, HAR, AAPLMunster 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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May 14, 2015
16:00 EDTTWTR, YHOO, AAPLOptions Update; May 14, 2015
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14:04 EDTAAPLApple delays launch of HomeKit to early fall, Fortune reports
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11:33 EDTTWTRStocks with call strike movement; TWTR SUNE
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11:16 EDTYELPStocks with call strike movement; VIPS YELP
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09:34 EDTAAPLActive equity options trading on open
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07:34 EDTAAPLApple search volume continues to surge in China, says UBS
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06:29 EDTAAPLApple Music to have deep social integration for artists, 9to5Mac reports
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06:17 EDTAAPLApple plans expansion of key Irish plant, Irish Independent reports
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06:16 EDTAAPLApple and A123 prepare to settle employee-poaching lawsuit, WSJ reports
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06:15 EDTYHOOYahoo's head of sales leaves after six months, Digiday reports
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May 13, 2015
16:06 EDTAAPLOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
13:15 EDTAAPLInquirer discusses recent Apple for BlackBerry takeover rumors
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12:01 EDTTWTRStocks with call strike movement; TWTR RIG
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11:22 EDTYELPOptions with increasing implied volatility
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09:39 EDTTWTR, AAPLActive equity options trading on open
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07:52 EDTAAPLApple Watch margins will grow to over 50%, says UBS
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07:03 EDTAAPLNext iPhone to feature 12 MP camera, be offered in rose gold, AppleInsider says
For its next iPhone 6 model, Apple will offer a new rose gold option, according to KGI Securities analyst Ming-Chi Kuo, who did not make clear whether the luxury model would be made of actual gold or if it will simply resemble the color of the high-end Apple Watch Edition, reported AppleInsider. Kuo also said Apple will upgrade the camera to 12 megapixels and suggested that some "Plus" models may use scratch-resistant sapphire covers, though that is dependent on success in testing, the report added. Reference Link
06:55 EDTYHOO, AAPLInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:09 EDTYHOOYahoo implied volatility of 22 at lower end of index mean range
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05:55 EDTAAPLTSMC awarded orders for SSD controller chips for Apple, DigiTimes reports
TSMC (TSM) has landed SSD controller chip orders from Apple, reports DigiTimes. According to industry sources, TSMC will utilize a 28nm process to fabricate controller cihps for Apple. Reference Link
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