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Stock Market & Financial Investment News

News Breaks
April 7, 2014
09:34 EDTGILD, MNKD, AAPL, WFM, AMZN, NFLX, VZ, STSI, TSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA NFLX MNKD STSI AMZN GILD GOLG VZ WFM
News For AAPL;TSLA;NFLX;MNKD;STSI;AMZN;GILD;VZ;WFM From The Last 14 Days
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July 17, 2015
12:41 EDTTSLATesla July 272.5 straddle priced for 1.7% movement into press conference
12:28 EDTNFLXStocks with call strike movement; ASHR NFLX
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11:50 EDTAAPLOn The Fly: Weekly technical notes for Apple, S&P 500
Next week sees the most heavily weighted name in the S&P 500 (SPX), Apple (AAPL), report its earnings. At 3.94% of the index, what happens to price with Apple will most definitely impact the index. We have seen several big names in the S&P 500 with the all-too-familiar sideways range that the index itself has been stuck in. Names such as Google (GOOGL) and Apple have had or do have the same range-bound shape and the index is merely a weighting of those patterns. A breakout or a breakdown in Apple will therefore shape the index quite literally. Watch for The Fly's previews on Monday. Given the big jump in Google, why haven't we been able to break out in the index? One factor of course is the very large number of names that have yet to report. Next week is extremely heavy on reporting companies and may therefore prove to be the most productive trading week in some time and potentially the most volatile. Once again the week is heavily loaded toward Wednesday and Thursday. One potentially troublesome note needs to be mentioned and that is the potential negative divergence that is shaping up in the S&P 500. While big name such as Netflix (NFLX) are at fresh new life highs, others and whole sectors are floundering. The SPDR Gold (GLD) is hitting new lows and weak metals pricing is impacting Miners and Materials. Energy (XLE) is weak as is the interest-rate-sensitive Utilities (XLU) sector. Banking (XLF), Technology (XLK) and Consumer Staples (XLP) are dominating. It is odd to find Consumer Staples at a breakout point given that it is typically seen as a "safety" sector for troubled times. That is part of the odd mix investors face in this bull market. It may be a reflection of still-attractive yields in those names, but valuations in that group are looking quite stretched, far more than some of the biggest tech names.
11:38 EDTTSLATesla CEO says call today to be about Model S
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11:06 EDTAAPLOppenheimer predicts Apple high-end dominance to drive 'beat and raise' report
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10:46 EDTAMZNBest Buy sinks after analyst says sell to avoid comp sales risk
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10:21 EDTGILDCigna says 98.4% of customers treated with hep C drug Harvoni are cured
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10:13 EDTAMZNAmbarella to get boost from drone demand, analyst says
Ambarella (AMBA) should benefit from stronger than expected demand for drones, which are "literally flying off the shelves" at Best Buy (BBY), research firm Pacific Crest wrote in a note to investors today. Ambarella develops processors used in high definition cameras, such as those often utilized by drones. WHAT'S NEW: After conducting checks, Pacific Crest analyst Brad Erickson wrote that sales of drones have been stronger than expected. Ambarella should benefit from that trend, as well as from the fact that demand for GoPro (GPRO) cameras, which utilize Ambarella's chips, has been steady, Erickson stated. Although initial demand for GoPro's new Session camera "appears lukewarm," its newer cameras should drive a significant increase in sales volume starting in GoPro's October quarter, according to Erickson, who said the popularity of GoPro's cameras should enable Ambarella's results to beat Street expectations. The analyst continues to recommend buying Ambarella's stock and kept a $123 price target on the shares. WHAT'S NOTABLE: In a note to investors yesterday, Piper Jaffray analyst Erinn Murphy wrote that GoPro's risk/reward ratio was favorable heading into the company's Q2 results. According to Murphy, the stock fell recently because money rotated out of the shares following the initial public offering of Fitbit (FIT) and Goldman Sachs' initiation of coverage of the stock with a Neutral rating. However, Amazon (AMZN) data shows that GoPro's cameras are selling well and Ambarella's Q2 results beat expectations, Murphy noted. As a result, she expects GoPro's Q2 results to exceed expectations when they are reported next week. Murphy reiterated a $68 price target and Overweight rating on GoPro shares. PRICE ACTION: In early trading, Ambarella rose 1.3% to $109.59, while GoPro added 0.5% to $55.53.
09:35 EDTAAPL, NFLX, TSLAActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
09:03 EDTGILDGilead granted orphan status for gastric cancer treatment
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07:44 EDTAAPLApple should deliver beat and raise Q3 results, says Oppenheimer
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07:42 EDTTSLAJefferies reiterates Buy rating, $360 target on Tesla
After spending two days with Tesla VP of Global Investor Relations Jeff Evanson, Jefferies analyst Dan Dolev reiterates a Buy rating on the stock with a $360 price target. China is showing signs of improvement following a new strategy, and success in Germany shows Tesla could perform well even without subsidies, Dolev tells investors in a research note. He continues to believe concerns over the electric car maker's cash flow are overblown. Shares of Tesla closed yesterday up $3.54 to $266.68.
07:41 EDTNFLXRovi ruling in Netflix suit may 'embolden' pay TV providers, says Stephens
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07:38 EDTAAPLApple July weekly volatility elevated into Q3 and outlook
Apple July call option implied volatility is at 25, July weekly 34, August is at 28, October is at 25; compared to its 52-week range of 15 to 36, suggesting large near term price movement into the expected release of Q3 results on July 21.
07:18 EDTAMZNApigee won;t be hurt by AWS API Gateway, says Pacific Crest
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06:58 EDTAAPLApple Store employee suit reaches class action status, Reuters reports
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06:56 EDTTSLATesla volatility low press conference
Tesla July call option implied volatility is at 27, July weekly is at 28, August is at 38, September is at 35; compared to its 52-week range of 29 to 62, suggesting decreasing price movement into a press conference at 2:00 p.m. ET today.
06:39 EDTAMZNAmazon Fresh close to launching in London, London Times reports
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06:22 EDTTSLAGhosn: Nissan considering using LG Chem batteries for EV, WSJ reports
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06:13 EDTNFLX, AMZNHulu considering ad-free option, WSJ reports
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