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Stock Market & Financial Investment News

News Breaks
May 9, 2014
16:16 EDTUBNT, CSC, P, JAZZ, PUBGY, SKUL, POST, AKRX, OMC, AAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher in a choppy session that saw the averages spend time on either side of the flatline before gaining ground in the last hour of trade to close near session highs. With today's close, the S&P 500 and Nasdaq finished the week with losses, while the Dow gained about 0.4% to close at new all-time closing high. ECONOMIC EVENTS: In the U.S., wholesale inventories were up 1.1% in March, which was above the 0.5% forecast, while wholesale sales rose 1.4% in the month. The JOLTS report showed job openings fell 111K in March to 4.01M. COMPANY NEWS: Apple (AAPL) was in-focus after the Financial Times said last night that the iPhone and iPad maker is in talks to acquire Beats Electronics for $3.2B. Following the report of Apple's interest in the headphone maker co-founded by rapper and record producer Dr. Dre, shares of another audio equipment maker, Skullcandy (SKUL), gained 32c, or 4.66%, to $7.18. Pandora (P), which like Beats offers a music streaming service, was up 42c, or 1.89%, to $22.62... Shares of Omnicom (OMC) rose $1.46, or 2.21%, to $67.66 after the company and its advertising peer Publicis Groupe (PUBGY) terminated their proposed merger of equals, citing "difficulties in completing the transaction within a reasonable timeframe." MAJOR MOVERS: Among the notable gainers was CSC (CSC), up $4.35, or 7.49%, to $62.39 after reporting a mixed fourth quarter report but raising its dividend 15% and announcing a new $1.5B share repurchase program. Also higher was Akorn (AKRX), which gained $1.12, or 4.53%, to $25.82 after announcing an agreement to acquire VersaPharm for $440M in a deal the company expects to add $90M-$100M in annual revenue and 10c-12c per share in earnings. Among the noteworthy losers was Jazz Pharmaceuticals (JAZZ), down $4.24, or 3.17%, to $129.45 after the company's first quarter profit and revenue fell short of expectations. Analysts at Piper Jaffray, however, said Jazz's growth story is still "very much intact." Also lower following their quarterly reports were shares of Ubiquiti Networks (UBNT), down $9.99, or 24.15%, to $31.38 and Post Holdings (POST), down $4.05, or 7.78%, to $48.03. INDEXES: The Dow gained 32.37, or 0.20%, to 16,583.34, the S&P 500 was up 2.85, or 0.15%, to 1,878.48, the Nasdaq was up 20.37, or 0.50%, to 4,071.87.
News For AAPL;SKUL;P;OMC;PUBGY;CSC;AKRX;JAZZ;UBNT;POST From The Last 14 Days
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January 26, 2016
11:13 EDTAAPLActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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10:01 EDTUBNTHigh option volume stocks
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09:53 EDTUBNTOTR Global remains negative on Ubiquiti
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09:32 EDTAAPLActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
07:49 EDTAAPLApple remains a long-term attractively priced asset, says Brean Capital
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07:48 EDTAAPLApple volatility increases into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 77, February is at 42. March is at 34; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results today after the market close.
06:03 EDTAAPLVirnetX seeks $532M from Apple for alleged patent infringement, Bloomberg report
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January 25, 2016
19:48 EDTAAPLApple design chief Jony Ive not unhappy with car project, CNET says
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19:20 EDTAAPLApple reshuffles India operations after 'deep discounting' in quarter, ET says
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16:00 EDTAAPLOptions Update; January 25, 2016
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14:18 EDTAAPLApple volatility increases into Q1 and outlook
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14:17 EDTAAPLVIX methodology for Apple VXAPL +3% to 39.17 into Q1 & outlook
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14:06 EDTAAPLApple technical comments ahead of earnings, potential bearish pattern
There is a potential bearish head and shoulders top, which is most easily seen on a 3-year chart. The neckline for the pattern is at the $100 area on a closing basis, and in recent sessions the pattern has been both active and inactive as price crossed that line. If the news is bearish, a breakdown below $100 would see the pattern become active. Downside potential for the pattern would be to the $70 to $66 area. If the news is a bullish surprise, and sentiment has turned negative on the name which could add to short-cover demand, the counter-reaction up may be as large as pattern suggests is possible on the downside. It could mean in time a retaking of the $130 area or higher. The life high for the shares is at $134.54.
13:37 EDTOMCEarnings Watch: Stifel bullish on Procter & Gamble ahead of Q2 earnings report
Procter & Gamble (PG), a consumer packaged goods company, is scheduled to report second quarter earnings before the market open on Tuesday, January 26, with a conference call scheduled for 8:30 a.m. ET. EXPECTATIONS: Analysts are looking for earnings per share of 98c on revenue of $16.94B. The consensus range for EPS is 93c-$1.05 on revenue of $16.44B-$17.4B, according to First Call. LAST QUARTER: Procter & Gamble reported first quarter core EPS of 98c on revenue of $16.53B, compared to analyst estimates of 95c and $17.17B, respectively. The company said that organic sales decreased 1% and that operating cash flow for the quarter was $3.5B. On its Q1 earnings conference call, the company said it expects top line growth to resume in Q2, with further strengthening in the back half of the quarter. Procter & Gamble also said that it had a "good start" to Q2, with October-to-date organic sales growth at the time of 3%. NEWS: On November 18, Procter & Gamble repeated its fiscal 2016 guidance in slides that were presented at the Morgan Stanley Global consumer and Retail Conference. The company backed its FY16 core EPS growth view of down slightly to up mid single digits. At the same conference, the company said it was "not averse" to looking at any option that creates value for stakeholders. On December 7, the Wall Street Journal reported that P&G was moving the lion's share of its media-buying and planning account in North America to Omnicom (OMC) Media Group. A week and a half later, Procter & Gamble, through its subsidiary Gillette, filed a patent infringement lawsuit against Dollar Shave Club alleging that the discount shaving products company violated Gillette's intellectual property by selling infringing razors. On December 29, the Wall Street Journal reported that the consumer packaged goods company was discontinuing a sixth of its Olay products, reducing the Olay product line to roughly 120 products. On January 12, Coty (COTY) confirmed that ten P&G fragrance licenses will transfer to Coty upon regulatory approval and completion of the merger transaction, including Hugo Boss, Gucci, Lacoste, Bruno Banani, Escada, Mexx, James Bond, Gabriela Sabatini, Stella McCartney, and Alexander McQueen. STREET RESEARCH: On January 19, Stifel upgraded Procter & Gamble to Buy from Hold with an $85 price target on shares, saying that it expects the company's sales and operating profit to accelerate as a result of market share gains and cost savings. Stifel added that it expects the company's multiple to rise as well. PRICE ACTION: Procter & Gamble shares are fractionally higher over the last three months. In afternoon trading ahead of Tuesday's earnings report, shares are down roughly 0.3% to $77.14.
12:59 EDTAAPLApple executives unsatisfied with progress of 'Project Titan,' AppleInsider says
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10:03 EDTAAPLApple's iPhone 5se to likely come with faster A9/M9 chips, 9to5Mac reports
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09:32 EDTAAPLApple Active equity options trading on open
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07:06 EDTAAPLApple volatility elevated into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 57, February is at 38; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results on January 26.
06:44 EDTAAPLApple to release new iPhone, iPad Air 3 in 1H16, AppleInsider says
Apple is planning to launch a 4-inch iPhone as well as the iPad Air 3 in the first half of the year, AppleInsider reports, citing KGI analyst Ming-Chi Kuo. Reference Link
05:51 EDTAAPLOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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