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Stock Market & Financial Investment News

News Breaks
September 17, 2012
12:18 EDTTHLD, IRIS, T, GNOM, TSLA, AAPL, GRPN, DHR, ODPOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday as the United States and China traded complaints to the World Trade Organization. Stock futures, which had been weak in early trading, softened further after the disappointing Empire State manufacturing reading. The futures action led to a lower opening for the broader market and the averages have not been able to mount any semblance of a come back in light, holiday trading... ECONOMIC EVENTS: In the U.S., the New York Fed’s “Empire State” general business conditions index, which measures factory activity in the state, dropped to minus 10.41 from minus 5.85 in August. This knocked the index to its lowest level in over three years, versus economists’ expectations for an improvement to minus 2. Also, China filed a complaint at the World Trade Organization to challenge a new U.S. law on tariffs intended to combat export-promoting subsidies, hours after the U.S. said it would launch a trade complaint against China's support for car exports... COMPANY NEWS: Apple (AAPL) announced that its iPhone 5 preorders set a new record by topping 2M phones sold in 24 hours. AT&T (T) echoed Apple's sentiments, saying sales of the new phone over the weekend made it the fastest-selling iPhone yet... Office Depot (ODP) rose over 7% after activist fund Starboard took a 13% stake and said the stock was “deeply undervalued.” This comes after last week's gains, which may have been aided by private equity takeover speculation circling its peer, Staples (SPLS)... MAJOR MOVERS: Among the notable gainers were IRIS International (IRIS), up 45% to $19.47 after Danaher (DHR) agreed to acquire the company for $19.50 per share, and Complete Genomics (GNOM), up 15% to $3.06 following a deal to be purchased by BGI-Shenzhen for $3.15 per share in cash. Also higher were shares of Tesla Motors (TSLA), which rose 5% following a two notch upgrade to an Overweight rating at Morgan Stanley. Among the noteworthy losers was Threshold Pharmaceuticals (THLD), down 19% after the company said new analysis showed one of its cancer drugs did not have a statistically significant impact on overall survival in a trial. Also lower were shares of Groupon (GRPN), down 6% as the stock was added to Evercore's "Conviction Sell" list... INDICES: Near noon, the Dow was down 27.01, or 0.20%, to 13,566.36; the Nasdaq was down 7.15, or 0.22%, to 3,176.80; and the S&P 500 was down 2.43, or 0.17%, to 1,463.34.
News For AAPL;T;ODP;TSLA;IRIS;DHR;GNOM;THLD;GRPN From The Last 14 Days
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August 13, 2015
17:17 EDTTSLAOn The Fly: Top stock stories for Thursday
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17:12 EDTAAPLApple delays live TV service until 2016 as licensing talks drag, Bloomberg says
Apple (AAPL) is now targeting a 2016 launch date for its live TV streaming service, reports Bloomberg, citing people familiar with the plans. Licensing discussions with network owners such as CBS (CBS), 21st Century Fox (FOX, FOXA), and Comcast's (CMCSA, CMCSK) NBC are progressing slowly, said the sources, adding that Apple is also lacking in computer network capacity. The tech giant is pursuing a $40 per month price point for the internet TV package, a goal which is encountering pushback from TV programmers, according to the sources. Reference Link
16:00 EDTTSLA, AAPLOptions Update; August 13, 2015
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13:05 EDTTSLATesla, Shake Shack move in opposite directions after share offerings
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12:18 EDTTSLAOn The Fly: Top stock stories at midday
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL CSCO M TSLA BAC GILD BABA FB SLW GPRO SUNE NLY ABX NFLX MSFT
09:20 EDTTSLAOn The Fly: Pre-market Movers
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08:26 EDTAAPLApple making third-parties bring packaging in-line with Apple look, BI reports
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08:02 EDTODPStaples receies approval from Australia to acquire Office Depot
Staples (SPLS) announced that it has received clearance from the Australian Competition and Consumer Commission for the acquisition of Office Depot (ODP). Staples continues to seek clearance from regulatory agencies in the United States, the European Union and Canada. The Commerce Commission of New Zealand and the Ministry of Commerce of the People's Republic of China previously gave their clearance for the transaction in June. "We continue to make progress on this transaction, and we're pleased with this decision by the Australian Competition and Consumer Commission," said Ron Sargent, Chairman and CEO, Staples, Inc. "We continue to work closely with regulatory agencies around the world and expect the transaction to be completed by the end of the year."
07:35 EDTTSLATesla volatility flat, announces $500M stock offering
Tesla August weekly call option implied volatility is at 40, August is at 39, September is at 40; compared to its 52-week range of 29 to 62, suggesting non-directional price movement into announcing a $500M stock offering.
07:23 EDTAAPLApple iPhone production cuts due to transitions, not orders, says UBS
UBS attributes reports of Apple cutting iPhone production to the ramping schedule for different components in the supply chain, which the firm noted occurs every year before final mass production. The firm said its checks suggests Apple planned its Q3 production transition back in Q2, which could lead to weakness in Q3 shipments for suppliers. UBS reiterated its Buy rating and $150 price target on Apple shares.
07:15 EDTTSLATesla announces $500M stock offering, Musk to buy $20M in stock
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07:02 EDTTSLATesla CEO interested in buying $20M in shares as part of company offering
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06:58 EDTTSLATesla files to sell 2.1M shares of common stock, Musk to buy shares
Tesla filed to sell 2.1M shares of common stock. Elon Musk, Chief Executive Officer, Product Architect and Chairman of our Board of Directors, has indicated his preliminary interest in purchasing up to an aggregate of 83,974 shares of our common stock in this offering at the public offering price for an aggregate purchase price of approximately $20M. Goldman Sachs, Morgan Stanley, JPMorgan, Deutsche Bank, BofA Merrill, and Wells Fargo are acting as joint book running managers for the offering.
06:50 EDTAAPLNext iPad may come with split-screen support, 9to5Mac reports
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06:45 EDTTFCC proposes review of 'totality of circumstances test' for retransmission talks
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06:45 EDTTSLATesla to unveil charging partnership with Manhattan garages, NY Times reports
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06:42 EDTAAPLApple recalls some Apple TVs due to faulty part, MacRumors reports
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06:24 EDTAAPLApple working with tech companies to make iPad better for work, WSJ reports
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05:29 EDTAAPLPiper's Munster sees new Apple TV having limited sales impact
Piper Jaffray analyst Gene Munster points out that Buzzfeed last week reported Apple will hold a special event on September 9 to announce the iPhone 6S and possibly a new Apple TV box. The timing of the new TV box are in-line with expectations while the streaming content offering "still appears a wildcard," Munster tells investors in a research note. The new Apple TV device should improve Apple's position in the living room, but given the likely price point of below $99, it will likely have limited impact on revenue, Munster argues. The analyst keeps an Overweight rating on the iPhone maker with a $172 price target. Apple closed yesterday up $1.75 to $115.24.
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