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Stock Market & Financial Investment News

News Breaks
May 9, 2014
05:47 EDTYHOO, AAPL, TWTR, YELPApple potential deal for Beats sounds like 'bad idea,' says Piper Jaffray
Piper Jaffray analyst Gene Munster says he struggles to see the rationale behind an Apple (AAPL) acquisition of Beats Electronics for $3.2B. Munster noted that he's not aware of any intellectual property within Beats that would drive the acquisition justification beyond the brand. He views internet services as Apple's biggest weakness, and thinks a better use of capital would be a potential takeover of Yelp (YELP), Twitter (TWTR), Square or even Yahoo (YHOO). Munster concludes that a potential acquisition of Beats by Apple "sounds like a bad idea."
News For AAPL;YELP;TWTR;YHOO From The Last 14 Days
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November 12, 2015
06:49 EDTAAPLQualcomm share loss at Samsung worse than expected, says JPMorgan
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06:49 EDTAAPLPayPal volatility elevated after reports of Apple working on payment service
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06:37 EDTAAPLCiti says PayPal thesis unchanged with possible Apple P2P launch
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05:51 EDTAAPLApple P2P offering to have limited impact, says Piper Jaffray
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November 11, 2015
19:02 EDTYHOOYahoo initiated with an Outperform at Boenning & Scattergood
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18:26 EDTYHOOYahoo CEO Mayer 'pinning hopes' on Project Index, Re/code reports
Yahoo CEO Marissa Mayer appears to be focusing her efforts on Project Index, a "consumer guide" platform built around Yahoo mail and mobile search, reports Re/code, citing sources. One person who saw the project told Re/code it was an "interesting effort, but was not the game-changer Yahoo needs," and other sources added that the launch may be as far off as late 2016. Reference Link
17:28 EDTYELPYelp up 2.5% after IAC proposes Angie's List acquisition
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16:26 EDTAAPLOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street finished the day lower following a range-bound session marked by lighter than normal volume due to the Veteran's Day holiday. The lower participation allowed the market to digest the latest round of earnings with the reporting season beginning to wind down. Oil remained under pressure and closed near three week lows, as production has not really declined despite lower pricing. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet with no major data reported. U.S. bond markets were closed in observance of Veteran's Day. In China, industrial output rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of Alibaba Group (BABA) trading in New York fell $1.62, or 1.98%, to $79.81 despite its report of blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast... Macy's (M) shares fell 14% to $40.41 after the department store operator cut its fiscal year sales and profit forecasts and said it would not follow an activist investor's suggestion to form a real estate investment trust. A number of its peers fell as well, including J.C. Penney (JCP), which dipped 1.9% despite previewing that its own quarterly results should be better than its prior expectations. Penney, which pre-announced stronger than expected same-store sales growth of 6.4% for Q3, is set to report full quarterly results on Friday morning... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner following today's announcements, rising 4.4% to $92.19. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which rose 33c, or 4.39%, to $7.85 after Dialog Semiconductor (DLGNF) issued a statement saying it continues to "strongly" support its agreement to acquire the company. Also higher was Amazon (AMZN), which gained $14.18, or 2.15%, to $673.86 after research firm Morgan Stanley raised its price target on the name to $800 from $750 on the growing opportunity of Amazon Web Services. Separately, Wayfair (W) rallied 5.4% to $41.57 after Cowen analysts raised their target on the shares to $61 from $56 and reiterated an Outperform rating, calling Tuesday's selloff misguided. Among the noteworthy losers were Horizon Pharma (HZNP) and Insys (INSY), which declined a respective 19.6% and 8.7% after Express Scripts (ESRX) cut ties with Linden Care, a specialty pharmacy used by both companies. Also lower was PayPal (PYPL), which fell 67c, or 1.81%, to $36.33 shortly before the close after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform. Additionally, Intercept (ICPT) lost $24.02, or 11.66%, to $181.95 after FBR Capital cut its price target on the stock to $192 from $273, saying the market opportunity for Intercept's obeticholic acid liver disease candidate appears smaller than initially thought. INDEXES: The Dow dropped 55.99, or 0.32%, to 17,702.22, the Nasdaq slid 16.22, or 0.32%, to 5,067.02, and the S&P 500 declined 6.72, or 0.32%, to 2,075.00.
16:00 EDTAAPLOptions Update; November 11, 2015
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15:38 EDTAAPLApple at work on potential rival to PayPal Venmo payment service, WSJ reports
Apple (AAPL) is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's (PYPL) Venmo platform, the Journal said. Paypal shares fell 2.5% in afternoon trading following the report. Reference Link
15:33 EDTAAPLPayPal dips after report of Apple woking on payment service
Shares Paypal (PYPL) are down 1.7% following a Dow Jones report that says Apple (AAPL) is working on a mobile person-to-person payment service that could challenge Paypal's Venmo.
15:31 EDTAAPLApple in talks with banks on mobile person-to-person payment sevice, DJ says
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14:51 EDTAAPLApple CEO Cook vows to stay in Ireland regardless of tax verdict, RTE says
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13:16 EDTYHOOOptions with increasing put volume
Options with increasing put volume: M NAV GE HZNP ESRX FCX SUNE YHOO
11:28 EDTYHOOStocks with call strike movement; M YHOO
Yahoo (YHOO) April 40 call option implied volatility increased 4% to 38, Macy's (M) February 47.5 call option implied volatility decreased 13% to 39 according to iVolatility.
09:38 EDTAAPLApple slides lower, levels to watch
The stock was last at $116, down fractionally on the day so far but suggesting a test at $115 is possible. That level has been important support in the past. Below it, support the next key level is at the $105 area. There is still a potential bearish head and shoulders pattern on the long-term chart that would trigger below that point. Resistance is at yesterday's closing price at $116.77.
09:38 EDTAAPLActive equity options trading on open
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06:34 EDTAAPLApple acquired 15 firms in past year, 6 unknown, AppleInsider reports
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06:27 EDTAAPLApple to hire an additional 1,000 staff in Ireland, Reuters reports
Apple is set to add 1,000 jobs in Ireland, Reuters reports, citing comments made by Irish jobs minister Richard Burton. The jobs are expected to be added at Apple's base in Cork. Reference Link
06:21 EDTAAPLApple Music available for Android, BuzzFeed News reports
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