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Stock Market & Financial Investment News

News Breaks
June 17, 2014
11:53 EDTAAPLApple upgraded to Buy from Hold at Societe Generale
News For AAPL From The Last 14 Days
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April 8, 2015
06:47 EDTAAPLGoogle could benefit from losing Safari default status, Business Insider says
Google's (GOOG) revenue could actually rise if Apple (AAPL) decides to drop Google as the default search engine on its Safari web browser, according to Business Insider, which cited a note from Goldman Sachs. If Apple drops Google, 48% of Safari users polled by Goldman said they would utilize Google's search engine anyway, Business Insider quoted Goldman as saying. If Google is able to retain 50%-70% of the ad revenue generated by Safari users after being removed as Safari's default search engine, Google's profits will rise about 5%-10%, since Google pays Apple for its default status, Business Insider quoted Goldman as saying. Reference Link
06:18 EDTAAPLApple downgraded to Hold from Buy at Societe Generale
Societe Generale analysts Andy Perkins and Peter Knox downgraded shares of Apple to Hold from Buy after their work indicated iPhone average selling prices dropped in the March quarter. Due to lower share of 128GB models, the analysts estimate the March quarter average selling price dropped to $651 from $687 in the December quarter. Further, Perkins and Knox believe currency headwinds are likely to adversely impact sales and that Apple will struggle to replicate the huge success of the iPhone 6 launch. They keep a $130 price target on the Apple. The stock closed yesterday down $1.34 to $126.01.
April 7, 2015
16:55 EDTAAPLXerox upgraded to Buy ahead of Q1 results at Citigroup
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16:00 EDTAAPLOptions Update; April 7, 2015
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12:50 EDTAAPLHBO NOW available to Apple and Optimum Online customers
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11:06 EDTAAPLApple Watch reservations limited to one per customer, MacRumors reports
Apple Watch reservations will be limited to one per customer through the company's Reserve and Pickup service, reports MacRumors. Apple's one-per-customer reservation limit has been confirmed to be in place in the United States and United Kingdom, and likely other launch countries. Reference Link
09:52 EDTAAPLApple retail chief instructs staff to push Apple Store shoppers online, BI says
Apple retail chief Angela Ahrendts wants staff at Apple Stores to push customers to order the Apple Watch and the new MacBook online instead of buying in physical stores, Business Insider reports, citing a memo. The memo notes that "This is a significant change in mindset" and will help ensure guaranteed delivery of the Apple products. Reference Link
09:35 EDTAAPLActive equity options trading on open
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06:46 EDTAAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
April 6, 2015
19:42 EDTAAPLSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTAAPLOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
10:23 EDTAAPLApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
09:36 EDTAAPLActive equity options trading on open
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:11 EDTAAPLSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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April 5, 2015
16:56 EDTAAPLEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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