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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:45 EDTGRMN, AMBADougherty believes Garmin in process to switching to Ambarella silicon
Dougherty believes Garmin (GRMN) is in the process of switching to Ambarella (AMBA) silicon from CSR silicon for their next-gen Virb camera.
News For AMBA;GRMN From The Last 14 Days
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September 1, 2015
09:18 EDTAMBAGoPro supply chain cuts forecasts after August slowdown, says Cleveland Research
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04:58 EDTAMBAStocks with implied volatility above IV index mean; AMBA CVC
Stocks with implied volatility above IV index mean; Ambarella (AMBA) 82, Cablevision (CVC) 64 according to iVolatility.
August 31, 2015
07:13 EDTAMBAAmbarella volatility elevated into Q2 and outlook
Ambarella September weekly call option implied volatility is at 115, September is at 85, October is at 72; compared to its 52-week range of 43 to 99, suggesting large near term price movement into the expected release of Q2 results on September 1.
05:52 EDTAMBAStocks with implied volatility above IV index mean; AMBA RAD
Stocks with implied volatility above IV index mean; Ambarella (AMBA) 82, Rite Aid (RAD) 53 according to iVolatility.
August 28, 2015
08:13 EDTAMBAAmbarella volatility elevated into Q2 and outlook
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05:57 EDTAMBAStocks with implied volatility above IV index mean; FIT AMBA
Stocks with implied volatility above IV index mean; Fitbit (FIT) 93, Ambarella (AMBA) 86 according to iVolatility.
August 27, 2015
14:42 EDTGRMNFitbit shares approach historical lows as Apple Watch gains traction
Fitbit (FIT) shares are eyeing their lowest levels since their IPO in June after the IDC reported that Apple (AAPL) Watch shipments are nipping on the heels of Fitbit's market dominance in wearables. WHAT'S NEW: The International Data Corporation, or IDC, released its quarterly wearables device report on Thursday, showing that Apple reached the number two spot in the global wearables market with 3.6M shipments of the Apple Watch during Q2. Notably, Apple Watch shipments lagged just 800,000 units behind Fitbit's 4.4M units for the quarter. Total shipment volume for the space was up 223.2% year-over-year to 18.1M. Commenting on the metrics, IDC research manager Ramon Llamas said Apple's "participation benefits multiple players and platforms within the wearables ecosystem," though he also cautioned that the tech giant "forces other vendors -- especially those that have been part of this market for multiple quarters -- to re-evaluate their products and experiences." Rounding out the numbers, Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000, and Samsung (SSNLF) shipped 600,000. HARDWARE CHALLENGES: Aside from concerns of user churn, an oft-noted potential risk for Fitbit investors is the potential that limited-use fitness wearables will be absorbed into grander, multi-function devices. On June 21, Barron's opined that specialized devices "often get subsumed," and provided the example of iPod's music functions being largely replaced by similar features in the iPhone. Various research firms have downplayed the "absorption" issue, however. On June 25, Leerink remarked that fitness trackers "occupy a different piece" of the market, and on June 30, RBC said its studies at the time showed divergence between fitness wearables and smart watches. Leerink reiterated its bullish view of the sector as recently as August 24, commenting that "interest in the category remains deep." PRICE ACTION: Shares of Fitbit have plunged roughly 9% in intraday trading, while Apple is up about 2% amid broader market gains.
08:38 EDTGRMNApple Watch shipments total 3.6M in Q2, IDC says
Apple (AAPL) reached the number two spot in the global wearables market, having shipped a total of 3.6M units of its Apple Watch in Q2, just 800,000 units behind Fitbit's (FIT) 4.4M units, according to the International Data Corporation's Worldwide Quarterly Wearable Device Tracker. Total shipment volume for the quarter came to 18.1M units, up 223.2% from the 5.6M units shipped in 2Q14. "Anytime Apple enters a new market, not only does it draw attention to itself, but to the market as a whole," noted Ramon Llamas, Research Manager for IDC's Wearables team. "Its participation benefits multiple players and platforms within the wearables ecosystem, and ultimately drives total volumes higher. Apple also forces other vendors - especially those that have been part of this market for multiple quarters - to re-evaluate their products and experiences. Fairly or not, Apple will become the stick against which other wearables are measured, and competing vendors need to stay current or ahead of Apple. Now that Apple is officially a part of the wearables market, everyone will be watching to see what other wearable devices it decides to launch, such as smart glasses or hearables." Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000 units and Samsung (SSNLF) shipped 600,000.
05:54 EDTAMBAStocks with implied volatility above IV index mean; MNKD AMBA
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August 26, 2015
12:14 EDTAMBAAnalysts say Ambarella selloff overdone, recommend buying shares
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07:47 EDTAMBAAmbarella checks positive, says Pacific Crest
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07:23 EDTAMBAAmbarella weakness overdone, says Stifel
Noting that Ambarella's (AMBA) stock has dropped 20% since Qualcomm (QCOM) indicated that it would look to supply chips for drones, Stifel says that the decline is overdone. The firm thinks that it's more likely that Qualcomm's chip will be used to help control drones, rather than replace Ambarella's video processor. The firm continues to recommend Ambarella's stock.
August 25, 2015
09:59 EDTGRMNOn The Fly: Analyst Upgrade Summary
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07:14 EDTGRMNGarmin introduces Edge Explore 1000 GPS bike computer
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06:36 EDTGRMNGarmin upgraded to Outperform from Market Perform at Raymond James
Raymond James upgraded Garmin to Outperform from Market Perform with a $43 price target. The firm upgraded shares following the sharp market selloff and said the stock is as inexpensive as it has been on an absolute or relative basis since 2010. Raymond James said Garmin remains growth challenged near-term but recent currency moves should help in coming quarters and provide a tailwind.
August 21, 2015
16:21 EDTAMBAOn The Fly: Top stock stories for Friday
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13:41 EDTAMBAAmbarella sinks after supremacy in drone technology challenged by Qualcomm
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12:53 EDTAMBAAmbarella competition in drones not a surprise, says Canaccord
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11:12 EDTAMBAQualcomm reportedly to enter consumer drone market
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10:50 EDTAMBACitron says next stop $70 for shares of Ambarella
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