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Stock Market & Financial Investment News

News Breaks
May 9, 2014
16:16 EDTAAPL, UBNT, CSC, P, JAZZ, PUBGY, SKUL, POST, AKRX, OMCOn 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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June 18, 2015
08:07 EDTAAPLAnalog Devices secured design win in next iPhone, says Citi
Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.
07:09 EDTAAPLAlmost 20% of Apple Watch buyers have purchased spare band, Reuters says
Nearly 20% of Apple Watch buyers have also purchased a spare band for the watch, Reuters reports, citing data from Slice Intelligence. Slice estimates that Apple has sold 2.79M watches as of mid-June, the report says. The data shows that approximately 17% of Apple Watch shoppers have purchased more than one band, with the entry level sports brand as the highest seller at $49, Reuters says. Other popular bands are the quilted leather loop at $149 and the stainless steel link bracelet for $449. Reference Link
June 17, 2015
17:18 EDTPSpotify hires ex-Netflix CFO Barry McCarthy as company CFO, WSJ says
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14:42 EDTAAPLOption volume leaders
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10:25 EDTAAPLApple iPhone estimates raised at BofA/Merrill
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09:40 EDTAAPLActive equity options trading on open
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
08:03 EDTCSCRaytheon and CSC sign comprehensive teaming agreement
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07:29 EDTAAPLApple Music offering high revenue rate to attract indie labels, Billboard says
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07:10 EDTAAPLSoftbank, Foxconn form JV to make robots, Nikkei reports
Softbank (SFTBF) and Apple (AAPL) supplier Foxconn will set up a joint venture to make robots, The Nikkei reports, citing sources. According to the sources, the JV may first focus on mass production of Pepper, a home robot that can respond to human emotions and requests, and plan to initially make around 10,000 units annually. The JV may also market the robot and potentially other models globally. Reference Link
June 16, 2015
16:01 EDTAAPLApple Twitter Facebook Bank of America Yahoo Netflix Alibaba WisdomTree Coca-Cola Goldman Sachs Micron General Electric
iPath S&P 500 VIX Short-Term Futures down 33c to 18.68. Option volume leaders: AAPL TWTR FB BAC YHOO NFLX BABA WETF KO GS MU GE.
15:19 EDTAAPLMonster says Apple revoked license folowing Beats lawsuit, WSJ reports
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14:53 EDTAAPLMobileIron up 8% after TechCrunch discloses partnership with Apple
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14:48 EDTAAPLMobileIron working with Apple for iPad applications, TechCrunch says
Apple (AAPL) is working with MobileIron (MOBL) to help deploy applications into the enterprise, TechCrunch reports. Reference Link
09:51 EDTAAPLApple stores begin selling Apple Watch, BGR reports
Apple stores around the country have begun to receive shipments of the Apple Watch for sale, reports BGR. According to sources, the stores can sell the device for sale through in-store reservations for personal pickup after an online purchase. There's no word on the product mix at this point. Reference Link
09:36 EDTAAPLActive equity options trading on open
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09:18 EDTPPandora delivers mobile programmatic solution to advertisers
Pandora announced that its display inventory is now available for programmatic buying across smartphones and tablets. Pandora’s new programmatic solution supplements its desktop offering to deliver viewable inventory, qualified data and a robust, engaged audience at scale across devices.
08:22 EDTAAPLApple iPhone demand holding up better than expected, says Pacific Crest
Pacific Crest says its initial estimates of iPhone component orders for the September quarter indicate that iPhone demand should hold up better than it had previously expected. The firm adds that iPhone demand appears to have remained solid in recent months, which should enable Apple's Q3 EPS to beat expectations. Pacific Crest adds that its more upbeat view on the iPhone is "somewhat offset" by its less positive outlook on Apple Watch sales. Nevertheless the firm thinks that the iPhone's improved outlook reduces the stock's downside risk. However, it keeps a Sector Weight rating on the shares.
07:17 EDTAAPLUber previously had talks with Apple, Starbucks on logistics tie-up, WSJ says
Uber was reportedly in talks “in recent months” with Apple (AAPL) and Starbucks (SBUX) to create partnerships to help build its same-day product delivery program, but both companies instead went with startup courier service Postmates, the Wall Street Journal reports, citing people familiar with the matter. Uber launched its logistics service a year ago with plans to sign up with “dozens” of retailers, yet has announced partnerships with only six, the report says. Eat24, owned by Yelp (YELP), and GrubHub (GRUB) also held discussions with Uber but haven't reached any agreements, the report says. Reference Link
06:13 EDTAAPLAlibaba, Foxconn could invest $500M in Snapdeal, WSJ reports
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