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Stock Market & Financial Investment News

News For C;AAPL;T;AKAM From The Last 14 Days
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May 29, 2015
16:00 EDTAAPLOptions Update; May 29, 2015
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL INTC VLO FB HFC AMZN FB BRCM FCX
06:18 EDTAAPLIBM allowing employees to use Macs for the first time, 9to5Mac reports
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05:52 EDTAAPLGlobal smartphone shipments to reach 1.37B in 2015, DigiTimes reports
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05:52 EDTAAPLIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTAAPLIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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May 28, 2015
19:13 EDTAAPLGoogle to launch free unlimited photo, video storage, AP says
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18:33 EDTAAPLApple acquires augmented reality startup Metaio, TechCrunch says
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16:03 EDTAAPLOptions Update; May 28, 2015
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13:14 EDTAAPLGoogle introduces Android Pay
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13:04 EDTAAPLGoogle introduces Android Pay at developer conference, Business Insider reports
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12:02 EDTAAPLApple's efforts to remove corporate monitor rejected by appeals court, WSJ says
Apple's moves to efforts remove Michael Bromwich, a corporate monitor appointed in the wake of a judge's finding the company liable for conspiring to raise the price of e-books, has been rejected by a federal appeals court, The Wall Street Journal reports. Apple argued that Bromwich, a former DOJ inspector general, prematurely began work and that his fees were exorbitant. The appeals court ruled that Bromwich's role was "appropriately constrained." Reference Link
10:55 EDTAAPLGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:47 EDTCCiti have right to move forward with Costco deal if no receivables
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10:38 EDTCCiti expects to run Citi Holdings at breakeven or better
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10:35 EDTCCiti says environment around legal, repositioning costs mute out actual results
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09:46 EDTAAPLApple now offering same-day delivery on some items in SF area, MacRumors says
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09:34 EDTAAPL, TActive equity options trading on open
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09:01 EDTAAPLAerohive says Apple becomes resseller of products, software solutions
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07:45 EDTAAPLApple investors may be underestimating China, says UBS
UBS believes investors may be underestimating Apple in China as the iPhone is the market leader in the mainland and sales have exceeded those of the phone in North America. The firm's survey shows Apple is penetrating in multiple income bands, price is less important than operation as a buying criteria, and China users upgrade quickly. UBS reiterated its Buy rating and $150 price target on Apple shares.
06:27 EDTAAPLGoogle and Apple set to unveil plans to enhance mobile payments, NY Times says
Google (GOOG) is set to unveil plans at its annual developer conference Thursday for an overhaul of its mobile payment products, reports the New York Times. According to three people familiar with the situation, changes include a service called Android Pay that will allow credit card payments from inside their mobile apps and can be integrated with loyalty programs. Apple, meanwhile is preparing to announce details about enhancements to Apple Pay at its software conference next month that include a rewards program, according to two people briefed on the product. Reference Link
06:23 EDTAAPLTarget: 'We'll be open-minded' about supporting payment systems, Re/code say
Brian Cornell, the CEO of Target (TGT) told the Code Conference that the company's focus is to complete the transition to using secure chip-and-PIN credit cards by the holidays, but once that is done, "we'll be open-minded" about supporting other payment systems like Apple Pay (AAPL), Re/code reports. Cornell says he has met with Apple CEO Tim Cook. Reference Link
May 27, 2015
19:21 EDTAAPLApple plans iOS personal assistant feature codenamed 'Proactive,' 9to5Mac says
Apple (AAPL) is readying an iOS feature codenamed "Proactive," which aims to compete with Google (GOOG) Now by incorporating Siri, Passbook, Calendar, Contacts, and other apps to create a more full-featured personal assistant, reports 9to5Mac, citing sources familiar with Apple's plans. Sources said Proactive will comprise a new "layer" within iOS, replacing the current pulldown Spotlight menu. Reference Link
18:51 EDTAAPL2016 Chevrolet models to feature Apple CarPlay, Android Auto
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16:48 EDTAAPLApple Watch software development kit coming soon, Re/code says
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16:43 EDTAAPLApple executive says car is 'ultimate mobile device,' Re/code reports
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16:03 EDTAAPLOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
13:13 EDTAAPLCBS CEO says in early talks with Apple on inclusion in Apple TV offering
CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:12 EDTAAPLCBS says network will 'probably' sign up for Apple TV service, TechCrunch says
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12:38 EDTAAPLApple tells CNBC aware of iMessage issue, working on fix
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09:38 EDTAAPLActive equity options trading on open
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09:24 EDTCCiti management to meet with Deutsche Bank
Field trip to company headquarters in New York will be held on May 27 hosted by Deutsche Bank.
08:34 EDTAAPLNVIDIA checks positive, says JMP Securities
After conducting checks, JMP Securities says that Nvidia (NVDA) appears to be dominating the high-end gaming category, and it expects Nvidia to play a leading role in any car developed by Apple (AAPL). The firm adds that the Nvidia Enterprise, Cloud, and HPC engagements continue to rise at a pace well in excess of computing market fundamentals. It reiterates the stock as a Best Idea. .
07:51 EDTAAPLSamsung patents potential notebook with 'phablet' dock, Patently Mobile reports
Samsung (SSNLF) has filed a U.S. patent application for a new dual OS operating system hybrid device that would allow a mobile device docked in a notebook automatically detect and switch its OS based on the companion device, which Patently Mobile said "could be a sign marking a huge new move into the enterprise space where Apple (AAPL) is currently winning handily." Reference Link
07:20 EDTAAPLMicrosoft bringing Cortana assistant to iOS, Android, The Verge reports
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06:21 EDTAAPLApple data center in Arizona catches fire, ABC15 reports
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06:13 EDTAAPLTech companies look for ways to fend off activist investors, WSJ reports
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06:02 EDTAAPLApple granted patent describing dual-purpose keyboard
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05:53 EDTAAPLReport: TSMC to build 10nm pilot line in June, DigiTimes says
TSMC (TSM) is scheduled to build a 10nm pilot line at its 12-inch water plant in northern Taiwan in June, reports DigiTimes. Citing a recent Economic Daily News report, TSMC is eyeing orders for Apple's (AAPL) A10 SoC chips, but Samsung (SSNLF) will also be involved in the race for orders. Reference Link
05:53 EDTAAPLLenovo ranks 3rd behind Samsung, Apple in Q1 smartphone rankings, DigiTimes says
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05:12 EDTAKAMAkamai, China Unicom establish strategic cloud services partnership
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May 26, 2015
20:50 EDTCBernstein to hold a conference
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16:01 EDTAAPLTaiwan Semiconductor plans 10-nanometer chip test in June, AppleInsider says
Taiwan Manufacturing Semiconductor (TSM) plans to being testing production of 10-nanometer microprocessors in 12 factories by June, and hopes to sign production contracts by year's end, reports AppleInsider, citing unnamed sources quoted by UDN.com. The report notes that Apple (AAPL) is likely to pursue the 10NM chips, and sources quoted by G for Games said TSMC will be capable of handling the majority, if not all, of manufacturing responsibilities for Apple's rumored A10 chip. Reference Link
16:01 EDTC, AAPLOptions Update; May 26, 2015
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15:45 EDTAAPLNext generation iPhone to include 'force touch' screen, 9to5Mac says
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13:17 EDTAAPLApple considering issuing $1.62B in bonds as early as June, Nikkei reports
Apple is considering a Y200B, or $1.62B, bond issuance as early as June, The Nikkei reports. The company could use the proceeds to increase shareholder returns and to expand its operations in Japan. The bonds would target Japanese investors, but would also likely be sold to overseas investors. Reference Link
12:11 EDTAAPLGlobal smartphone growth expected to slow to 11.3% in 2015, IDC says
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10:55 EDTAAPLApple edges below its short-term bullish price channel
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09:51 EDTAAPLUniversal Display outlook has improved, says Needham
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09:47 EDTAAPLActives on open:
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07:11 EDTAKAMCraig to hold a conference
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06:41 EDTCJPMorgan, other banks close branches on border to avoid laundering, WSJ says
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05:53 EDTAAPLApple promotes Jony Ive to Chief Design Officer, 9to5Mac reports
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May 25, 2015
19:46 EDTCFXCM subsidiaries acquire majority of Citi margin forex accounts
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May 22, 2015
16:41 EDTAAPLStocks end week little changed despite weaker than expected domestic data
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16:00 EDTAAPLOptions Update; May 22, 2015
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12:21 EDTAAPLApple to focus on quality instead of new additions in OS upgrade, 9to5Mac says
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11:00 EDTAAPLIntel may be launching next-gen Skylake chips in August, Apple Insider says
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10:39 EDTAAPLData firm: Apple Watch orders haven't grown since initial surge, Quartz says
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10:38 EDTAAPLMizuho says buy NXP, Micron, ON Semi
Mizuho Securities initiated coverage of a number of chip makers in a note to investors last night. Among its recommendation in the space, NXP Semiconductors (NXPI), Micron (MU), and ON Semiconductor (ON) were called out with Buy ratings. NXP: NXP Semiconductors dominates the mobile payment market with its NFC products, Mizuho analyst Vijay Rakesh wrote. The company's NFC chips are used in Apple's (AAPL) Apple Pay and NXP has a strong mobile payment ecosystem in China, the analyst explained. NXP Semiconductors is also a leader in providing chips used to enhance credit card security, as its Chip+Pin system has a 75% share of the global market and is in the process of being deployed in the U.S, according to Rakesh. Going forward, NXP's growth should be driven by the automotive products of Freescale, which the company acquired earlier this year, the analyst stated, adding that NXP should derive strong synergies and cash flow from the deal. He set a $140 price target on the stock. MICRON: Sales of flash memory device maker Micron's DRAM products should be boosted by a PC rebound in the second half of this year, according to Rakesh. Additionally, the company's new CFO could make its actions more predictable, pleasing investors, the analyst stated. ON: ON Semiconductor should benefit from its acquisition of Aptina, which gave ON a significant presence in the Advanced Driver Assistance Systems, or ADAS, market, Rakesh believes. ADAS is likely to grow rapidly around the world, driven by mandates, the analyst predicted. A second positive catalyst for ON will be the proliferation of wireless charging, added the analyst, who set a $16 price target on the shares. PRICE ACTION: In early trading, NXP rose nearly 1% to trade nearly $108, Micron gained 2.6% to $27.61, and ON was fractionally higher. Other semiconductor makers initiated with Buy ratings by the firm include Skyworks (SWKS), Synaptics (SYNA), Avago (AVGO) and Cypress Semiconductor (CY).
09:34 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
09:01 EDTAAPLApple wants TV service to have local programming, Re/code reports
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06:56 EDTAAPLTrendforce expects iPhone shipments to reach 230M in 2015, DigiTimes says
Trendforce said Apple's iPhone shipments is expected to reach over 230M in 2015, reports DigiTimes. The 4.7-inch and 5.5-inch versions of the next iPhone will enter mass production in June and will be shipped in Q3. Quarterly shipments is projected to reach 24M units. Reference Link
06:35 EDTAAPLApple developing dual-app mode, 12-inch iPads, multi-user support, 9to5Mac says
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May 21, 2015
17:16 EDTAAPLApple plans 12-inch iPads, split-screen functionality, 9to5Mac says
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16:00 EDTAAPLOptions Update; May 21, 2015
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15:25 EDTAAPLApple to add public transit support to Maps app, 9to5Mac says
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14:44 EDTTAT&T plans 'substantial' Mexico investments, WSJ says
In a report published yesterday, the Wall Street Journal said that according to AT&T Mexico's CEO the telecommunications giant plans "substantial" investments in Mexico to broaden and enhance its mobile network as it seeks to increase market share. Reference Link
14:37 EDTTFCC likely to approve AT&T-DirecTV deal with conditions, CTFinancialNews says
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14:14 EDTAAPLMobileye says not currently at work with Apple
Mobileye (MBLY) announced that an article published in InformationWeek on May 20 quoted an industry expert and current director as stating that the company is commencing work with Apple (AAPL) on an autonomous driving project. Mobileye stated: "The company is not currently at work with Apple. Although it is not the company's policy to comment on press reports or other media, the article has caused confusion and concern among market participants. As a result, the company felt it was important to correct the inaccuracy. The company has asked the publication to correct the article on its website."
11:21 EDTAAPLApple considers expansion into San Jose, Silicon Valley Business Journal says
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09:36 EDTAAPLActive equity options trading on open
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09:07 EDTAAPLApple may unveil next iPhones in August, MacRumors reports
Apple may unveil its next iPhones in August and launch them in September, reports MacRumors. According to a research note from KGI Securities Ming-Chi Kuo, Foxconn is expected to secure between 60%-70% of orders to assemble the new iPhones. Reference Link
07:58 EDTAAPLApple iPhone and Watch estimates raised at Morgan Stanley
Morgan Stanley's checks indicate June quarter iPhone demand is tracking ahead of Street expectations and Watch demand has jumped following the launch. The firm raised its June quarter iPhone unit estimate to 50M from 46M, FY15 unit estimate to 240M, and FY16 unit estimate to 249M. Morgan Stanley raised its base case Watch estimate to 36M units from 30M in the first 12 months. As a result, the firm's CY15 EPS estimate is increased 6% to $9.73, roughly in-line with consensus. The firm has an Overweight rating with a $166 price target on Apple shares.
07:51 EDTAAPLIPhone growth fears premature, says Oppenheimer
Oppenheimer expects investors to question whether Apple's growth can continue at recent rates, given the tough comps it is facing. The firm thinks these doubts could pressure the stock, but it expects the company's earnings growth to continue to come in above expectations, driven by iPhone share gains, momentum in China, Apple's ecosystem, new product categories, and shareholder-friendly actions. The firm keeps a $155 price target and Outperform rating on the stock.
07:13 EDTAAPLApple showing substantial issue with iCloud services, 9to5Mac reports
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06:43 EDTAAPLTSMC to manufacture fingerprint sensors for next iPhone, DigiTimes reports
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05:52 EDTAAPLTesla batteries may surpass $1B in sales faster than iPhone, Economic Times says
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05:41 EDTAAPLUber poaches new legal counsel Sabrina Ross from Apple, Re/code reports
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05:38 EDTAAPLApple Pay may launch in Europe sooner than expected, BGR reports
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May 20, 2015
19:54 EDTAAPLApple streaming music service coming first to Russia, Billboard says
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16:26 EDTCOn The Fly: Top stock stories for Wednesday
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16:00 EDTAAPL, COptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
12:33 EDTCOn The Fly: Top stock stories at midday
Stocks began the session relatively unchanged from yesterday’s close and continue to trade in a holding pattern as investors await the release of the minutes from the Federal Reserve's last FOMC meeting. ECONOMIC EVENTS: In the U.S., EIA inventory data showed a 2.67M barrel fall in crude stocks, versus expectations for a 1.75M barrel decrease. The Federal Reserve is scheduled to release the minutes from its last rate setting meeting at 2 pm EDT. In Asia, Japan's GDP accelerated to a 2.4% growth pace in the first quarter, which was much better than expected. Japanese stock markets rallied on the news, sending the Nikkei 225 average to its best level in 15 years. COMPANY NEWS: Five of the world's largest banks - Citi (C), JPMorgan Chase (JPM), Barclays (BCS), The Royal Bank of Scotland (RBS) and UBS (UBS) - agreed to pay more than $5B and plead guilty to felony charges related to manipulating foreign currencies and interest rates. In conjunction with previously announced settlements with regulatory agencies in the United States and abroad, today’s resolutions bring the total fines and penalties paid by these five banks for their conduct in the foreign exchange spot market to nearly $9B, the Department of Justice stated... Target (TGT) shares advanced 1% after the retailer's first quarter earnings topped expectations and it raised the low-end of its fiscal year profit forecast. Brian Cornell, chairman and CEO of Target, said the company was pleased with its first quarter traffic and sales, particularly in its signature categories, which drove better-than-expected profitability through improved gross margin and continued expense management. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rallied 53% after the company announced that, following meetings with the FDA, it would submit its eteplirsen drug to the FDA for approval on a rolling basis, with various components of the application being submitted separately. Eteplirsen is a treatment for Duchenne muscular dystrophy, or DMD. Also higher was Pep Boys (PBY), which gained 14% after The Wall Street Journal said private equity firm Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. Among the noteworthy losers was Etsy (ETSY), which operates an online marketplace to buy and sell handmade items and vintage goods. The stock, which priced its IPO at $16 and opened for trading at $31 per share, dropped 22% to trade near $16.50 after the company issued its first financial report since coming public in April. Also lower were shares of several airline stocks, led by Southwest (LUV), which was down 8% near noon. In a regulatory filing last night, Southwest indicated it expects FY15 capacity growth to increase 7%-8% and to grow another 6%-7% in FY16. Buckingham downgraded Southwest to Neutral from Buy this morning, stating it has a more cautious revenue outlook for the company due to a worsening backdrop as competitors vow to compete aggressively. INDEXES: Near midday, the Dow was down 6.10, or 0.03%, to 18,306.29, the Nasdaq was up 1.65, or 0.03%, to 5,071.69, and the S&P 500 was down 0.49, or 0.02%, to 2,127.34.
10:15 EDTCFive banks agree to parent-level guilty pleas in settlement over forex rigging
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10:09 EDTCCiti, JPMorgan, RBS, Barclays, UBS agreed to guilty pleas in forex settlement
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10:05 EDTCCiti announces ForEx settlements with Department of Justice, Federal Reserve
Citi announced that it has entered into settlements with the United States Department of Justice and the Board of Governors of the Federal Reserve System to resolve investigations into Citi’s foreign exchange business. The settlement with the DOJ includes a guilty plea by Citicorp, a subsidiary of Citigroup, to a violation of the Sherman Antitrust Act and fine of $925M. The settlement with the Fed includes the entry of a cease and desist order and a civil money penalty of $342M. Citi also announced that it has reached a separate agreement to settle related private U.S. class action claims for a payment of $394M, subject to court approval. Citi expects to maintain its licenses and does not expect a material impact on its operations or ability to serve its clients. The payments required by each of the settlements Citi announced today are covered by existing legal reserves and will not require a charge to earnings in the second quarter of 2015.
10:05 EDTCCiti announces ForEx settlements with Department of Justice, Federal Reserve
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09:36 EDTAAPLActive equity options trading on open
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08:21 EDTCATM data theft soars to highest rate in two decades, WSJ says
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06:25 EDTAAPLSamsung could release next Galaxy Note phone as early as July, BI reports
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May 19, 2015
16:23 EDTAAPLOn The Fly: Top stock stories for Tuesday
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16:01 EDTT, AAPLOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
15:42 EDTCBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
13:52 EDTAAPLPiper Jaffray says shelving television plans won't hurt Apple shares
Following a report by The Wall Street Journal that Apple (AAPL) shelved its television set plans "more than a year ago," Piper Jaffray issued a research note updating its view on the company. WHAT'S NEW: Prior to the market open, The Wall Street Journal released an article stating that, according to people familiar with the matter, Apple has "quietly shelved" its plans to develop a high-definition television set. The company experimented with video calls and 4K resolution as it searched for a justification to enter the TV market, but ultimately decided to instead focus on an online television service and a redesigned Apple TV device. Following the release of that article, Piper Jaffray analyst Gene Munster issued a note reconciling its long-held hope for an Apple television set with the Wall Street Journal's cancellation news. Later in the afternoon, Carl Icahn appeared on CNBC to respond to his recent open letter claiming that Apple was significantly undervalued, partly because of expectations for an Apple television set by 2016. In the CNBC interview, Icahn claimed the Wall Street Journal's article is contradictory, but maintained that the purpose of his letter was to spur additional stock repurchases by Apple. WHAT'S NOTABLE: Piper Jaffray said it believes there will be "no sustained impact" to Apple shares on the news because most analysts did not have definite expectations for a television. The firm believes that Apple will continue to develop its Apple TV set top box and possibly incorporate HomeKit, Siri, and an app store into the next model of the device. However, Piper did reiterate its belief that Apple will somehow move into the living room, citing statements by CEO Tim Cook calling the TV viewing experience "broken." The firm believes Apple is "actively" developing virtual and augmented reality products, though it cautions that a product launch could be five years away, if not more. Piper concluded with a reminder that its television expectations were not built into its model for Apple, and reiterated its Overweight rating and $162 price target. PRICE ACTION: Apple has advanced fractionally during the trading session, rising 0.35% to $130.65 at time of writing.
12:47 EDTAAPLIcahn says will 'definitely be wearing' Apple Watch, but does not have one yet
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12:39 EDTAAPLIcahn says Apple CEO, board doing 'great job'
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12:36 EDTAAPLIcahn says letter had 'one purpose,' getting Apple to buy back more stock
Icahn says "one thing" he disagrees with Apple about is the company's stock repurchase levels. Icahn said if Apple decides not to build a television it does not change his view of the company "one iota." Icahn says he "talks from time to time" with Apple CEO Tim Cook, but he will not discuss what is said in those talks publicly as one of the company's larger shareholders. Carl Icahn is speaking on CNBC.
12:32 EDTAAPLCarl Icahn says 'a bit confused' by WSJ report on Apple television plans
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12:25 EDTAAPLOn The Fly: Top stock stories at midday
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09:58 EDTAKAMOn The Fly: Analyst Downgrade Summary
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09:37 EDTAAPLActive equity options trading on open
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09:25 EDTAAPLJim Cramer tells Apple CEO to acquire Harman
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09:20 EDTAAPLApple estimates raised on iPhone gains at Cleveland Research
Cleveland Research's iPhone feedback remains favorable and raised unit forecasts on improving share gains. The firm is modeling 48M iPhone units for the June quarter, 232M for FY15, and 241M for FY16 vs estimates of 45M, 228M, and 232M respectively. Cleveland rates Apple a Neutral.
08:34 EDTAAPLApple introduces 15-inch MacBook Pro with Force Touch trackpad
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07:48 EDTAKAMAkamai downgraded on valuation, comps at Oppenheimer
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07:36 EDTTAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
07:25 EDTAKAMAkamai price target raised to $88 from $79 at UBS
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07:12 EDTAAPLAlibaba's Ma confirms talks with Apple over payment system talks, Reuters says
Alibaba (BABA) Executive Chairman Jack Ma confirmed reports that the company is talks with Apple (AAPL) over cooperation for a payment system, Reuters reports. Apple CEO Tim Cook last week told the official news agency of China, Xinhua, that the iPhone maker is in talks with Chinese banks and Alibaba about launching Apple Pay in China. Reference Link
06:48 EDTAAPLApple shelved plans to produce ultra-HD television, WSJ reports
Apple tried hard to find breakthrough features that would warrant building an ultra-high-definition television set, but after nearly a decade of research, executives did not see a compelling enough reason to enter the highly competitive TV market, according to The Wall Street Journal, citing people familiar with the matter. Reference Link
06:38 EDTAKAMAkamai downgraded to Perform from Outperform at Oppenheimer
06:29 EDTAAPLBlackBerry CEO says smartphone business will be profitable again, BI reports
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06:18 EDTTDish says followed all rules in bidding strategy for spectrum auction, WSJ says
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06:06 EDTAAPLPiper thinks shelving TV won't hurt shares of Apple
Piper Jaffray analyst Gene Munster says Apple's shelving of its plans to make a television is unlikely to have a sustained impact on the stock. After the Wall Street Journal suggested that Apple has scrapped a program to make a television, Munster points out that investor expectations for a TV were low and that Street estimates do not reflect such a product. The analyst still believes Apple will continue to develop the Apple TV as a set top box. He keeps an Overweight rating on Apple with a $162 price target.
05:59 EDTAAPLSources: Apple able to launch iPhone 6s as early as August, BGR says
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May 18, 2015
16:21 EDTAAPLOn The Fly: Top stock stories for Monday
Stocks on Wall Street advanced in Monday trading, sending the Dow Jones Industrial Average and the S&P 500 to new all-time closing highs. The early part of the day saw the market move in a narrow range, but by early afternoon the market punched through its upper range and moved to session highs. The market drifted throughout the afternoon as the news flow was quiet and the trading volume remained light. ECONOMIC EVENTS: In the U.S., the National Association of Home Builders’ confidence index fell 2 points to a reading of 54 in May, missing expectations for a 1 point increase to a reading of 57. COMPANY NEWS: Shares of Apple (AAPL) advanced $1.47, or 1.14%, to $130.24 after noted investor Carl Icahn stated in an open letter to the company's CEO that he thinks other investors, analysts and the news media continue to misunderstand Apple and that its stock is "worth $240 today." Icahn urged Apple CEO Tim Cook to take advantage by launching a "much larger buyback" of the iPhone maker's shares. Separately, FBR Capital analysts Daniel Ives and James Moore wrote this morning in a note to investors that the Street is still underestimating Apple's growth outlook in China. The analysts believe that Apple's China revenue will exceed its revenue from the Americas in fiscal 2017... Endo International (ENDP) slid $4.53, or 5.31%, to $80.82 after the company agreed to pay $8B for privately held Par Pharmaceutical, which will roughly double Endo’s generics revenue and place its generics business among the top five as measured by U.S. sales. MAJOR MOVERS: Among the notable gainers was Ann Inc. (ANN), which surged $7.69, or 19.87%, to $46.40 after agreeing to be acquired by Ascena Retail Group (ASNA) for about $2.15B in cash and stock. Ascena, which agreed to pay $37.34 in cash and 0.68 of a share of its own common stock in exchange for each share of the parent of the Ann Taylor brand, slipped 14c, or 0.99%, to $14.07 after announcing the deal. Also higher was Achillion (ACHN), which rose $1.41, or 14.79%, to $10.98 after the company cancelled its presentation at the UBS Global Healthcare Conference. Conference cancellations often generate speculation as to whether a company is engaged in merger or acquisition talks. Among the noteworthy losers was Eleven Biotherapeutics (EBIO), which dropped $8.29, or 69.26%, to $3.68 after announcing the company’s Phase 3 study of its lead drug candidate, EBI-005, in moderate to severe dry eye disease did not meet either of its two co-primary endpoints. Also lower were shares of Weibo (WB), which fell 87c, or 5.24%, to $15.73 after the shares were downgraded to Hold from Buy at Summit Research. INDEXES: The Dow rose 26.32, or 0.14%, to 18,298.88, the Nasdaq gained 30.15, or 0.6%, to 5,078.44, and the S&P 500 added 6.47, or 0.3%, to 2,129.20.
16:00 EDTT, AAPLOptions Update; May 18, 2015
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15:54 EDTTAT&T CEO sees net neutrality changing within 5-10 years, Wireless Week says
AT&T CEO Randall Stephenson believes the FCC's net neutrality ruling will change within the next five to 10 years, reports Wireless Week, citing statements given Monday at a J.P. Morgan investor conference. "If I believed the rules that were passed by the FCC on Title II were going to be the rules of the land for the next five to 10 years, it would have a dramatic effect on how we thought about investment," said Stephenson, adding that his company's court case against the neutrality rules is "pretty strong." Reference Link
14:04 EDTAAPLEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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13:49 EDTAAPLEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
12:51 EDTAAPLOn The Fly: Top stock stories at midday
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11:49 EDTAAPLApple readying new features for Apple Watch, 9to5Mac reports
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11:26 EDTAAPLFBR, Icahn both say Apple being underappreciated
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11:08 EDTAAPLIcahn says Apple shares 'worth $240 today,' urges 'much larger' buyback
In an open letter to Apple CEO Tim Cook posted to his Shareholder's Square Table website, investor Carl Icahn stated that he believes Apple shares "are worth $240 today." With Apple’s shares trading for "just $128.77 per share" versus Icahn's valuation of $240 per share, the investor said it is the time for a "much larger buyback" to be launched by the company. Apple’s earnings multiple has stayed "irrationally discounted," according to Icahn, since investors, analysts and the news media continue to misunderstand Apple and "generally fail to value Apple’s net cash separately from its business, fail to adjust earnings to reflect Apple’s real cash tax rate, fail to recognize the growth prospects of Apple entering new categories, and fail to recognize that Apple will maintain pricing and margins."
11:04 EDTAAPLCarl Icahn says Apple shares 'worth $240 today'
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09:46 EDTCMPLX enters common unit sales agreement for up to $500M
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09:36 EDTC, AAPLActive equity options trading on open
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09:36 EDTAAPLAppeal says Samsung $930M damages to Apple must be adjusted, Bloomberg reports
The U.S. Court of Appeals for the Federal Circuit ruled that Samsung (SSNLF) did infringe Apple’s (AAPL) design patents, but did not violate Apple’s trade dress, meaning the $930M damages award to Apple must be adjusted, reported Bloomberg. Reference Link
09:26 EDTAAPLApple gets mixed ruling from appeals court in Samsung case, Bloomberg reports
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08:59 EDTTAT&T CEO says gets profitable TV product from 'day one' by buying DirecTV
AT&T (T) CEO Randall Stephenson said AT&T's existing U-verse product is "nice" but unprofitable and that the company will get a profitable TV product from "day one" by buying DireTV (DTV). Stephenson said he expects to take share from cable operators and other TV offerings with its combined offering after the DirecTV deal closes. Stephenson said the company is on target to get the DirecTV deal closed in Q2. Stephenson spoke on CNBC.
08:45 EDTTCogent CEO says considering lawsuit against AT&T, CTFinancialNews reports
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08:28 EDTAAPLApple Watch volume down but mix is up. says UBS
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08:01 EDTCList of potential buyers of Citi Egyptian retail unit narrows, Reuters reports
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07:29 EDTAAPLApple China growth underappreciated by investors, says FBR Capital
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07:27 EDTTJPMorgan to hold a conference
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07:12 EDTCBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:15 EDTCCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
May 17, 2015
18:04 EDTAAPLApple acquires Coherent Navigation, NYT says
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May 15, 2015
16:01 EDTT, AAPLOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
14:07 EDTCCiti reports April credit loss 2.78% vs. 2.50% last month
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12:13 EDTCThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
11:28 EDTAAPLSpotify to roll out streaming service next week, CNBC reports
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11:08 EDTAAPLOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
10:23 EDTAAPLQuanta says Apple Watch yield rate no longer an issue, DigiTimes reports
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL TWTR TSLA NFLX FB
07:50 EDTCDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
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