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Check below for free stories on BBY;SAM;CLWR;S;CVS;RIGL;ENDP;YELP;AAPL the last two weeks.
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August 27, 2014
13:23 EDTAAPLApple may announce wearable device at September event, Re/code reports
Apple could announce a new wearable device alongside two next-generation iPhones at its September 9 event, Re/code reports. The wearable is likely to make use of the company's HealthKit health and fitness platform, the publication says. Reference Link
12:52 EDTBBYBest Buy rebounds after analysts defend stock
Shares of Best Buy (BBY) are advancing after a number of analysts defended the stock in the wake of the weaker than expected guidance that the company provided yesterday. WHAT'S NEW: After Best Buy yesterday morning reported slightly lower than expected second quarter revenue and estimated that its same-store sales would rise by a weaker than expected low single digit percentage in the second half of 2014, Piper Jaffray analyst Peter Keith said the results were solid while the guidance looks conservative. Best Buy's consumer electronics sales rose for the first time in several years last quarter and its U.S. comparative sales numbers were "decent," while its online sales surged 22%, Keith noted. Best Buy's sales guidance looks conservative because the retailer should benefit from the launch of Apple's (AAPL) iPhone 6 next month, while its TV sales, which are rebounding, historically become a larger part of its total sales in Q3 and Q4, the analyst wrote. He reiterated a $34 price target and Overweight rating on the shares. Meanwhile, Deutsche Bank wrote that Best Buy is significantly cutting its costs, as the firm had predicted. It believes that the retailer can reduce its costs meaningfully going forward and it kept a $33 price target and Buy rating on the stock. PRICE ACTION: In early afternoon trading, Best Buy advanced $1.49, or 5%, to $31.29. Yesterday, the stock fell nearly 7% following the company's quarterly report, which was issued before the opening bell.
11:49 EDTBBYBest Buy rallies on heavy volume, levels to watch
Volume is already running at more than 150% of the daily average, with the shares up 5.4% to $31.41. The move has nearly filled the bearish gap from yesterday, the top of which is at $31.99. That level remains resistance. Positive commentary from Piper Jaffray and Deutsche Bank this morning have helped spur the rally. Support is at $30.95.
10:36 EDTBBYOptions with decreasing implied volatility
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10:02 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLMovado downgraded to Equal Weight at Stephens
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08:33 EDTCVSCVS Caremark announces new clinical affiliation with MedStar Health
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07:02 EDTBBYBest Buy can cut costs further, says Deutsche Bank
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06:56 EDTBBYBest Buy 2H14 guidance looks conservative, says Piper Jaffray
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06:37 EDTAAPLApple may introduce a thinner MacBook as early as this year, Digitimes says
Apple could introduce a slimmer MacBook at the end of 2014 or in 2015, and production of components has begun in small volumes, Taiwan-based supply chain makers tell DigiTimes. The MacBook Air is currently 0.3-1.7cm thick, while the MacBook Pro with Retina has a thickness of 1.8cm. Reference Link
August 26, 2014
19:53 EDTAAPLApple may introduce a thinner, lighter MacBook as early as Q4, Digitimes says
16:22 EDTBBYOn The Fly: Closing Wrap
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16:02 EDTAAPLOptions Update; August 26, 2014
iPath S&P 500 VIX Short-Term Futures up 27c to 27.69. Option volume leaders: AAPL TSLA TWTR AMZN GILD JNS NFLX according to Track Data.
15:24 EDTBBYBest Buy valuation compelling, says BofA/Merrill
14:59 EDTAAPLApple readying larger iPad for 2015 launch, Bloomberg says
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14:58 EDTBBYBest Buy still poised to beat Q4 expectations, says Jefferies
After Best Buy reported lower than expected Q2 revenue, Jefferies still expects the company to rebound in 2H14, with Q4 results beating expectations. The firm expects the company to benefit from positive product cycle trends in 2H14 and says that its Q2 sales were in-line with its expectations. Jefferies keeps a $38 price target and Buy rating on the shares.
14:54 EDTBBYBest Buy risk/reward favorable, says Credit Suisse
Credit Suisse remains a buyer of Best Buy and said risk/reward is favorable. The firm was not surprised by negative comps and lower earnings forecasts for the rest of the year and believes the company is poised to report Q4 upside. Shares are Outperform rated with a $40 price target.
14:47 EDTBBYBest Buy shares defended at Jefferies
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14:24 EDTAAPLL.A. school district halts $1B Apple iPad contract, LA Times reports
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14:17 EDTBBYInvestors should sell Best Buy, Barron's reports
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