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Stock Market & Financial Investment News

News Breaks
September 17, 2012
12:18 EDTGNOM, TSLA, AAPL, GRPN, DHR, ODP, THLD, IRIS, TOn 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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March 17, 2015
14:10 EDTTSLATesla CEO says will put a lot of effort into autonomous cars
The Tesla CEO Elon Musk is speaking at NVIDIA’s 2015 GPU Technology Conference.
14:00 EDTTSLATesla CEO sees NVIDIA technology aiding future of autonomous driving
The Tesla CEO Elon Musk is speaking at NVIDIA’s 2015 GPU Technology Conference.
13:06 EDTAAPLBattleground: Analysts take opposite sides on Netflix
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12:46 EDTAAPLNBC planning for cable-dependent Apple TV app for 2H15, 9to5Mac reports
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12:38 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, with the Dow falling about 1%. The market opened in negative territory and proceeded to gain additional downside momentum in early trading. Data on housing starts was not good, even accounting for bad weather in many areas of the country, and the prospect of interest rate increases on the horizon may have some fearing that the housing market recovery is in danger of stalling. Adding to the weakness in stocks may have been the further slide in crude oil prices, which pushed benchmark U.S. crude oil below $43 per barrel earlier in the session. ECONOMIC EVENTS: In the U.S., housing starts plunged 17% to an 897K rate in February, widely undershooting expectations for starts to be down 2.4% to a 1.04M rate, but much of the slide was attributed to weather. Building permits rose 3% to a rate of 1.092M, which was better than the expected 0.5% growth to a 1.065M rate. In Europe, Germany's ZEW Center investor confidence index climbed to 54.8 from 53 last month, though that fell short of the 59.4 consensus forecast. In Asia, the Shanghai Composite index rose 1.6% to close at its highest level in over 6 years. COMPANY NEWS: Apple (AAPL) is preparing to launch an online TV service later this year, according to reports from The Wall Street Journal and the Financial Times. After the reports, Piper Jaffray analyst Gene Munster said he believes Apple's online TV service launch would lay the groundwork for an actual television launch sometime in 2016. Munster estimates that at an average selling price of $1,750, a television could add about 7% to Apple's 2017 revenue. MAJOR MOVERS: Among the notable gainers was Black Diamond (BDE), which jumped 30% after the company reported was then expected quarterly results and guidance but also announced it has hired two banks to help it explore its strategic alternatives. Also higher was Esperion (ESPR), which rose 15% after the company's phase 2b study of ETC-1002, a product in development for patients with hypercholesterolemia on stable statin therapy, met its primary endpoints. Among the noteworthy losers was Himax (HIMX), which dropped 9% after BofA Merrill Lynch downgraded the stock two notches to Underperform from Buy. Also lower following its earnings report was magicJack (CALL), which fell 19%. INDEXES: Near midday, the Dow was down 152.00, or 0.85%, to 17,825.42, the Nasdaq was down 8.39, or 0.17%, to 4,921.12, and the S&P 500 was down 11.39, or 0.55%, to 2,069.80.
11:36 EDTAAPLApple may launch standalone TV in 2016, says Piper Jaffray
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11:23 EDTAAPLApple willing to share TV data to attract programming partners, NY Post reports
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10:49 EDTTSLAStocks with call strike movement; TSLA BABA
Tesla (TSLA) June 225 call option implied volatility increased 2% to 42, Alibaba (BABA) July 97.5 call option implied volatility increased 2% to 34 according to IVolatility.
09:39 EDTAAPLApple will ship 59M iPhones in CQ1, above consensus, says ITG Research
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09:34 EDTTSLA, AAPLActive equity options trading on open
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09:27 EDTAAPLApple plans to allow trade-ins of Android, BlackBerry devices, Bloomberg says
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09:15 EDTAAPLApple streaming service may pave way for bigger ambitions, says Cantor
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09:07 EDTAAPLDISH's Sling TV launches on Xbox One
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09:05 EDTAAPLMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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07:42 EDTAAPLBoeing may produce satellite for tech giants, Reuters says
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07:28 EDTAAPLApple TV may provide boost for advertising unit, Business Insider says
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06:50 EDTAAPLBanks unhappy with high Apple Pay fraud rates, NY Times says
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06:37 EDTAAPLAfter losing marketshare, Google now asks Firefox users to switch, BI says
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05:57 EDTAAPLChina vendors to ship 50M Androids with fingerprint sensors, DigiTimes reports
China vendors is expected to ship 50M Android (GOOG) smartphones with fingerprint sensors in 2015, reports DigiTimes. According to sources at Taiwan-based IC backend service companies, Android smartphone vendors have adopted sliding-type fingerprint sensors, which are more competitive in pricing compared to press-type sensors used by Apple (AAPL). Reference Link
05:46 EDTAAPLApple set to launch online TV service this year, Financial Times reports
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