New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BBRY;AAPL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>
December 16, 2014
13:08 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, CNBC reports
Subscribe for More Information
13:00 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, Bloomberg reports
10:42 EDTAAPLVirnetX drops 4% after reportedly losing appeal in case with Apple
Subscribe for More Information
10:42 EDTAAPLAppeals court rules decision in VirnetX suit with Apple stands, Bloomberg says
VirnetX (VHC) lost its bid to reinstate $368.2M damage award from Apple (AAPL), reported Bloomberg.
10:10 EDTAAPLSamsung in talks with LoopPay to launch Apple Pay rival in 2015, Re/code reports
Subscribe for More Information
09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
07:02 EDTBBRYVodafone to use loan to buy $750M of BlackBerry offerings, Globe and Mail says
Canada has agreed to lend $850M to Vodafone (VOD), which will use $750M of the funds to buy products and services from BlackBerry (BBRY), according to Globe and Mail. Reference Link
06:48 EDTAAPLMore companies adopting Apple Pay, NY Times says
Subscribe for More Information
06:32 EDTAAPLApple, Samsung offer price cuts for tablet products, DigiTimes reports
Subscribe for More Information
06:16 EDTAAPLGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
Subscribe for More Information
December 15, 2014
16:36 EDTAAPLOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
16:00 EDTAAPLOptions Update; December 15, 2014
Subscribe for More Information
12:43 EDTBBRYBlackBerry short squeeze possible after launch, earnings, Goldman says
Shares of BlackBerrry (BBRY) could undergo a short squeeze this week, driven by the launch of the company's new BlackBerry Classic smartphone and the company's earnings conference call, Goldman Sachs wrote in a note to investors today. WHAT'S NEW: The launch of the Classic on Wednesday, along with BlackBerry's earnings conference call on Friday, could generate a short squeeze in BlackBerry's stock, Goldman analyst Simona Jankowski wrote. BlackBerry's Q3 earnings per share should be "largely in-line" with the consensus outlook, as higher hardware revenues should be more than offset by a decline in legacy service revenues, the analyst stated. However, the company's EPS for its quarter ended in February should beat expectations, driven by the launch of the Classic, Jankowski forecast. Still, she kept a Neutral rating on the stock. WHAT'S NOTABLE: According to Jankowski, the short interest in BlackBerry shares has risen to 21%. PRICE ACTION: In early afternoon trading, BlackBerry fell 1.7% to $9.67. The stock is off its low for the day of $9.40. BlackBerry shares have dropped about 12% over the last three months.
12:15 EDTAAPLCirrus jumps after Barclays ups stock two notches citing Apple opportunity
Shares of Cirrus (CRUS) are rallying after Barclays upgraded the stock two notches to Overweight from Underweight in a note to investors today. The company is poised to make significantly more money per each iPhone sold next year, the firm stated. Cirrus develops audio components for smartphones. WHAT'S NEW: Cirrus will obtain $2.50-$3.50 for each of Apple's (AAPL) iPhone 6S sold next year, up from about $2 for Apple's latest iPhone, the iPhone 6, Barclays analyst Blayne Curtis wrote. A new component made by Cirrus will enable smartphones to always respond to voice commands, even if the devices are turned off, the analyst reported. The new component can also enable Cirrus to obtain more revenue from Android phones, Curtis wrote. The company should obtain a significant amount of revenue from Samsung's upcoming Galaxy S6 devices, the analyst contended. He hiked his 2015 earnings per share estimate for the company to $1.55 from $1.19 and increased his price target on Cirrus shares to $28 from $18. PRICE ACTION: In early afternoon trading Cirrus rallied 19.4% to $22.50.
10:37 EDTBBRYBlackBerry could undergo short squeeze this week, says Goldman
Subscribe for More Information
09:38 EDTAAPLActive equity options trading
Subscribe for More Information
08:44 EDTAAPLSkyworks price target raised to $95 from $75 at JMP Securities
JMP Securities increased its price target on Skyworks (SWKS) as the firm says that its checks indicate that the company is benefiting from strong demand for Apple's (AAPL) iPhone and for Chinese smartphones. The firm thinks the company has a number of other positive catalysts, including rapidly proliferating Internet of Things applications. JMP Securities reiterates an Outperform rating on the shares.
08:40 EDTAAPLCLSA technology analysts hold a luncheon meeting
Subscribe for More Information
08:30 EDTAAPLApple checks show solid brand recognition in China, says Jefferies
Subscribe for More Information
07:36 EDTBBRYBlackBerry December volatility elevated into Q3 and outlook
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use