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Stock Market & Financial Investment News

News For BBY;SAM;CLWR;S;CVS;RIGL;ENDP;YELP;AAPL From The Last 14 Days
Check below for free stories on BBY;SAM;CLWR;S;CVS;RIGL;ENDP;YELP;AAPL the last two weeks.
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August 31, 2014
17:14 EDTAAPLApple said to be partnering to develop iPhone wallet, Bloomberg says
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August 30, 2014
10:08 EDTAAPLRF Micro Devices, Micron better play on Apple suppliers, Barron's says
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August 29, 2014
16:40 EDTBBYStocks finish week higher after upbeat U.S. data reported
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16:01 EDTAAPLOptions Update; August 29, 2014
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14:33 EDTAAPLApple volatility low, shares near record high into September 9 press event
Apple September weekly call option implied volatility is at 20, September is at 24, October and January is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement into its upcoming September 9 press event.
12:06 EDTAAPLApple smartwatch device won't ship until 2015, Re/code reports
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11:28 EDTBBYOptions with decreasing implied volatility
Options with decreasing implied volatility: ITMN EXPR DSW ARUN ANF SWHC BIG TSL BBY PSEC
09:37 EDTAAPLActive equity options trading on open
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09:22 EDTAAPLOn The Fly: Pre-market Movers
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09:17 EDTST-Mobile pullback a buying opportunity, says Cowen
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09:14 EDTAAPLNXP to provide NFC chips for upcoming iPhone, FT reports
NXP Semiconductors (NXPI) will provide Apple (AAPL) with secure near-field communications chips for its next iPhone, according to Financial Times, citing Several people familiar with the phonemaker's plans. Shares of NXP trading in New York are up 3% pre-market following the report. Reference Link
06:19 EDTSSprint to carry Sony's next Xperia phone in the U.S., WSJ reports
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August 28, 2014
16:00 EDTAAPLOptions Update; August 28, 2014
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13:36 EDTAAPL Apple's new iPhone may offer NFC mobile payments, Wired says
Apple's (AAPL) new iPhone which is expected to debut on September 9 will feature NFC technology that will enable mobile payments, says Wired, citing unnamed sources. Apple is in a good position to enter the mobile payment space as the company has a multitude of credit cards on file from iTunes, added Wired. Note that On Track Innovations (OTIV) which designs, develops, and markets cashless payment solutions, is up 19% in afternoon trading after this report circulated. Reference Link
13:15 EDTAAPLAndroid dominates in China, South China Morning Post says
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12:07 EDTAAPLApple officially sends invites for September 9 event, Business Insider says
Apple has officially sent out invitations for its September 9 event, Business Insider reports. Apple is expected to unveil the iPhone 6 and could also debut the iWatch. Reference Link
11:00 EDTAAPLGT Advanced falls after analyst downgrades to Underperform
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10:07 EDTAAPLApple patent points to wireless charging plans for iWatch, AppleInsider says
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR FB TSLA C DRYS NFLX YHOO PAY AMZN
06:26 EDTAAPLJudge denies Apple request to block sale of Samsung devices, AP says
A federal judge denied Apple's (AAPL) request to block the sale of nine older Samsung phones that were found to have infringed on Apple patents, according to the Associated Press. Apple did not adequately prove that it was hurt by the sale of Samsung's devices, the news service quoted the judge as saying. Reference Link
August 27, 2014
16:00 EDTAAPLOptions Update; August 27, 2014
iPath S&P 500 VIX Short-Term Futures up 26c to 27.89 Option volume leaders: AAPLTWTR TSLA PBR RSH GILD MCD AMZN WFM according to Track Data.
15:24 EDTAAPLCalifornia judge rules against Apple in patent suit with Samsung, Bloomberg says
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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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13:48 EDTAAPLApple granted patent on flexible screen technology, AppleInsider says
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12:24 EDTBBYOn The Fly: Midday Wrap
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11:23 EDTBBYTRW September volatility elevated
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11:12 EDTBBYHigh option volume stocks
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11:09 EDTBBYBest Buy shares decline as Best Buy reports Q2 sales drop
Shares of multi-channel Best Buy (BBY) are retreating after the firm reported that sales declines continued through the second quarter. WHAT'S NEW: Best Buy's Q2 earnings per share from continuing operations was 44c, exceeding analysts' consensus estimates of 31c. The company's Q2 revenue was $8.9B, which was slightly lower than analysts' $8.99B consensus. Same-store-sales for the quarter declined 2.7%, which is better than the overall industry sales decline of 2.5% as reported by NPD. Best Buy Chief Executive Officer Hubert Joly noted that traffic to the company's brick and mortar stores continued to decline as consumers research and buy online. Joly noted that in-store conversion and online traffic continued to increase during the quarter. Joly said that in the back half of the year, the retailer plans to intensify its investments in customer-facing initiatives. Chief Financial Officer and Chief Administrative Officer Sharon McCollam reiterated that industry-wide sales are continuing to decline in many of the consumer electronics cateogries in which it competes, and said the retailer is seeing "ongoing softness" in the mobile phone category ahead of new product launches. She forecast SSS down in the low single digits for both the third and fourth quarters and sees Q3 and Q4 operating income in line with the first half of the year. For the back half of the year, McCollam sees continued industry softness and higher promotionality in Canada and China. WHAT'S NOTABLE: During the company's conference call, Best Buy said that it is "encouraged" by the response to 4K televisions and aims to expand its holiday gift centers within stores. The company's CFO McCollam said that the firm's mobile phone category is "complicated to forecast." She feels that the disruption of carriers "could have impact" that the technology retailer did not anticipate. McCollam said that despite great excitement for some high-profile phone launches, there is still a great deal of competition in the lower-end of the phone market. In terms of the start of the upcoming quarter, Best Buy feels that the beginning has been "in-line" with expectations. ANALYST OPINION: ISI analyst Greg Melich feels that Best Buy's Q2 EPS beat was due to a slightly less dramatic decrease in gross margins and improved cost controls. He feels that the market is likely to pay close attention to continued sales decreases when predicting the rest of the year despite the better than anticipated quarterly EPS results. Melich said that he will keep an eye out for positive signs that Q4 will experience an improvement given the highly promotional and competitive landscape last year. The analyst keeps the stock with a neutral rating and a $31.99 price target. PRICE ACTION: In morning trading, Best Buy fell $1.59, or 4.97%, to $30.40. OTHERS TO WATCH: Best Buy peers include RadioShack (RSH) and hhgregg (HGG).
11:01 EDTBBYBest Buy shares defended at Morgan Stanley
10:15 EDTAAPLApple volatility low as shares near record high into iPhone 6 cycle
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09:35 EDTAAPLActive equity options trading on open
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08:56 EDTBBYOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
08:54 EDTBBYBest Buy CEO says beginning of quarter has been 'in-line with expectations'
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08:44 EDTBBY, SBest Buy CFO says mobile phone category 'complicated to forecast'
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08:18 EDTBBYBest Buy CEO says 'encouraged' by response to 4K televisions
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07:20 EDTAAPLTablets seen declining, notebooks growing in 2014, DigiTimes says
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07:10 EDTBBYBest Buy sees Q3, Q4 operating income rate up in line with 1H
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07:04 EDTBBYBest Buy sees ongoing softness in mobile phone category
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07:03 EDTBBYBest Buy CFO sees SSS down in low single digits in Q3, Q4
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07:02 EDTBBYBest Buy: Benefits of Renew Blue cost reduction drove Q2 results
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07:01 EDTBBYBest Buy reports Q2 continuing ops EPS 44c, consensus 31c
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August 25, 2014
16:00 EDTAAPLOptions Update; August 25, 2014
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15:18 EDTBBYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Best Buy (BBY), consensus 31c; Golar LNG (GLNG), consensus (7c); DSW (DSW), consensus 32c; Tech Data (TECD), consensus 77c; Sanderson Farms (SAFM), consensus $3.82; Movado (MOV), consensus 54c; Trina Solar (TSL), consensus 14c.
14:14 EDTBBYBest Buy technical comments ahead of results
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11:35 EDTAAPLAlphaOne's Dan Niles says larger screened iPhone should help upgrade cycle
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10:30 EDTYELPYelp at high of day, up 2% after GrubHub halted for pending news
10:24 EDTBBYBest Buy weekly volatility increases into Q2 and outlook
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09:35 EDTAAPLActive equity options trading on open
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09:26 EDTENDPEndo puts AMS medical-device unit up for sale, WSJ says
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07:44 EDTAAPLMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
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07:38 EDTAAPLiPad still important for Apple despite declining market share, WSJ says
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07:04 EDTSSprint price target lowered to $7 from $8 at RBC Capital
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06:28 EDTAAPLTSMC slated to commence 16nm volume production in 1Q15, DigiTimes reports
TSMC (TSM) is expected to start volume production of its 16nm process in 1Q15, DigiTimes reports, citing the Chinese-language Economic Daily News. The company sees monthly output of 50,000 wafers to meet demand for Apple's (AAPL) A9 processors, the report says. Reference Link
August 24, 2014
21:56 EDTYELPB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
21:53 EDTCVSNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
19:32 EDTAAPLApple's newest cloud offering could be most successful, Barron's says
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16:46 EDTAAPLChina looks to establish 'homegrown operating system,' Reuters says
China is looking to help its computer technology industry by developing its own "homegrown operating system by October," says Reuters. China's "homegrown operating system" would pose a challenge to imported rivals like Microsoft (MSFT), Google (GOOG) and Apple (AAPL), added Reuters. Reference Link
15:01 EDTAAPLApple's iPad still has largest market share in tablets, WSJ says
Despite slowing growth, Apple's iPad still has the largest market share in tablets and is still profitable with some estimating second quarter margins of 30% on the product, says the Wall Street Journal. The iPad is also an important extension for Apple's iOS platform. added the Wall Street Journal. Reference Link
14:36 EDTAAPLBlackBerry wins another court victory against Typo Products, WSJ says
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August 22, 2014
11:17 EDTAAPLOptions Update; August 22, 2014
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09:36 EDTAAPLActive equity options trading on open
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06:37 EDTBBYBest Buy weekly volatility elevated into Q2 and outlook
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06:32 EDTAAPLApple suppliers scramble after iPhone 6 screen hurdle, Reuters says
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06:14 EDTAAPLSamsung resumes supply of mobile RAM for next-generation iPhone, DigiTimes says
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05:28 EDTSSoftbank capital raise could be used for acquisitions, Bloomberg says
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August 21, 2014
13:57 EDTSSprint now has 'best value in data,' says Wells Fargo
Wells Fargo believes Sprint's new $60 per month unlimited data plan plays to the company's "abundance of capacity with its spectrum pipe." Wells says Sprint is "now the best value in data," and it notes the total amount of revenue will likely be higher than $80 per month as the plan is valid on devices purchased via Sprint Easy Pay. Wells has an Outperform rating on Sprint.
13:23 EDTAAPLWal-Mart cut iPhone prices, Washington Post says
Wal-Mart (WMT) today began selling Apple's (AAPL) iPhone 5s for $79, and cut the price of the iPhone 5c to just 97c, according to The Washington Post. The devices previously cost $99 and $29 respectively at Wal-Mart, the newspaper stated. Reference Link
13:16 EDTST-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTSSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
11:44 EDTAAPLHP hits 52-week high after solid revenue growth, positive analyst commentary
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10:34 EDTAAPLOptions Update; August 21, 2014
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10:03 EDTAAPLActive puts at CBOE
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10:02 EDTAAPLActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
09:37 EDTAAPLActive equity options trading on open
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August 20, 2014
16:01 EDTAAPLOptions Update; August 20, 2014
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13:46 EDTAAPLVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
11:15 EDTAAPLGT Advanced retreats after analyst downgrades stock
Shares of sapphire maker GT Advanced (GTAT) are falling after research firm CLSA downgraded the stock in a note to investors today. The firm cited concerns about increased costs associated with the company's deal with Apple as the main reason for the downgrade. WHAT'S NEW: GT Advanced's costs associated with its deal to supply sapphire to Apple are being impacted by low yields, CLSA analyst Mark Heller wrote after speaking with strategic consulting firm Yole Développement. Lower yields will reduce the amount of sapphire that GT Advanced can produce for Apple, and will negatively affect GT’s profit margins, explained Heller. He believes that GT Advanced's risk/reward ratio is balanced at current levels, and downgraded his rating on the shares to Underperform from Outperform. However, he raised his price target on the shares to $19 from $18. PRICE ACTION: In late morning trading, GT Advanced fell 2% to $18.
09:38 EDTAAPL, AAPLGT Advanced downgraded to Underperform from Outperform at CLSA
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
06:28 EDTAAPLApple could delay iWatch until 2015, FT Alphaville reports
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August 19, 2014
17:14 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
14:19 EDTAAPLCarl Icahn says increased Apple position over past year
Carl Icahn tweeted in regards to Apple, "All my chips still on the table and in fact increased position over past year." Icahn added that anyone who invested in Apple last year when he recommended the stock would be up 53% including dividends.
13:54 EDTAAPLCarney a contender to take over top communications job at Apple, Re/code says
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12:42 EDTSOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
12:40 EDTAAPLApple nears life high, levels to watch
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12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
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11:57 EDTAAPLApple shares reach $100, up 84c or 1%
09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
07:39 EDTSSprint price target lowered to $4 from $7 at Jefferies
Jefferies lowered its price target for Sprint shares to $4 saying it continues to see downside to estimates. The firm expects a "muted response" to Sprint's new Family Pack pooled data plan and limited time promotion of waiving device access charges. It keeps an Underperform rating on the stock.
07:12 EDTSFCC looks into telecom special access line rates, Reuters says
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06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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August 18, 2014
19:41 EDTSSprint CEO says regulators weren't set on industry consolidation, Bloomberg says
Sprint (S) recently dropped its bid seeking control of competitor T-Mobile (TMUS).
18:33 EDTSSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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18:04 EDTSSprint to offer $100/month 20GB shared data plan through 2015, Bloomberg reports
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16:00 EDTAAPLOptions Update; August 18, 2014
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11:06 EDTSSoftBank chooses Sharp as low-cost smartphone partner, WSJ reports
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
08:47 EDTSRaymond James to hold a summit
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08:31 EDTCVSCVS Caremark's Accordant Health receives NCQA accreditation
CVS Caremark announced that its Accordant Health Services division has received full NCQA Patient and Practitioner Oriented Disease Management accreditation for programs to support: Epilepsy, Rheumatoid Arthritis, Multiple Sclerosis, Crohn's Disease, Ulcerative Colitis, Parkinson's Disease, Systemic Lupus Erythematosus, Myasthenia Gravis, Sickle Cell Disease, Cystic Fibrosis, Hemophilia, Scleroderma, Polymyositis, Chronic Inflammatory Demyelinating Polyradiculoneuropathy, Amyotrophic Lateral Sclerosis, Dermatomyositis, and Gaucher Disease.
08:30 EDTAAPLApple starts production of smartphones with sapphire screens, Guardian says
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07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
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06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
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