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Stock Market & Financial Investment News

News Breaks
March 6, 2014
12:28 EDTAAPL, LOV, BJRI, P, SPLS, PXLW, COSTOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a drop in weekly jobless claims may have increased confidence that tomorrow's closely watched monthly jobs report may not be as bad as feared. Other reports showed factory orders fell in January and fourth quarter non-farm productivity was downwardly revised, but both of those were widely expected. The Dow has been today’s leader while the Nasdaq has been the laggard, reversing yesterday's trend. ECONOMIC EVENTS: In the U.S., weekly jobless claims fell 26K to 323K, which was better than the forecast for 335K initial claims. The government's estimate of productivity growth in the fourth quarter was lowered sharply to 1.8% from 3.2%, though this was generally in line with analysts' expectation. Unit labor costs fell 0.1% in the quarter, which was less than anticipated. Factory orders declined 0.7% in January, though that was only a bit worse than expected and was improved from the prior month's drop. Excluding transportation, orders were up 0.2%. In Europe, the European Central Bank and the Bank of England kept their key interest rates unchanged. COMPANY NEWS: Wholesale club operator Costco (COST) fell over 2% after its second quarter earnings and sales came in below analysts consensus estimate. Costco said its second quarter comparable store sales rose 3% and that its February comparable store sales were up 2%... Shares of office products retailer Staples (SPLS) plunged 15% after the company's fourth quarter results and first quarter guidance trailed expectations. The company also announced it expects to close up to 225 stores in North America by the end of 2015 and that it will no longer provide annual sales or EPS guidance. MAJOR MOVERS: Among the notable gainers was Pixelworks (PXLW), which jumped 55% after the company disclosed that more than 10% of its revenue in 2013 was attributable to its sales to Apple (AAPL). Also higher was BJ's Restaurants (BJRI), which rose 18% after two different investor groups stated their intent to nominate slates to stand for election to BJ's board and the stock was upgraded to Buy at Buckingham. Among the noteworthy losers was internet radio provider Pandora (P), which fell 2.5% after its listener hour growth decelerated to 9% in February and the company announced it will discontinue its monthly report of key metrics. Also lower was Spark Networks (LOV), which was downgraded at both Canaccord and William Blair and fell 21% after the company's earnings report and forecast that revenue from its Christian Mingle website would drop modestly in 2014. INDEXES: Near midday, the Dow was up 85.41, or 0.52%, to 16,445.59, the Nasdaq was up 10.94, or 0.25%, to 4,368.92, and the S&P 500 was up 7.63, or 0.41%, to 1,881.44.
News For COST;SPLS;P;PXLW;AAPL;BJRI;LOV From The Last 14 Days
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December 9, 2014
07:29 EDTCOSTCostco December weekly volatility increases into Q1 and outlook
Costco December weekly call option implied volatility is at 32, December is at 16, January is at 15, April is at 14; compared to its 26-week average of 16 according to Track Data suggesting larger near term price movement into the expected release of Q1 results on December 10.
07:22 EDTPBMO Capital to hold a conference
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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13:16 EDTAAPLApple trades off session lows, levels to watch
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10:46 EDTPPandora calls active on renewed takeover speculation
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10:36 EDTPRumor: Pandora moves up on renewed takeover chatter
06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 5, 2014
11:23 EDTAAPLOption volume leaders
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09:36 EDTAAPLActive equity options trading
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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07:29 EDTCOSTCostco December weekly volatility elevated into Q1 and outlook
Costco December weekly call option implied volatility is at 22, December is at 16, January is at 15, April is at 14; compared to its 26-week average of 16 according to Track Data suggesting larger near term price movement into the expected release of Q1 results on December 10.
06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
December 4, 2014
16:00 EDTAAPLOptions Update; December 4, 2014
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09:37 EDTP, AAPLActive equity options trading
Active equity options trading according to Track Data: AAPL ALTR P BIDU AMZN TSLA X NFLX TWTR WMT
05:55 EDTSPLSStocks with implied volatility movement; MNKD SPLS
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05:43 EDTCOSTCostco reports Nov. SSS up 5%
Costco reported net sales of $9.43B for the month of November, the four weeks ended November 30, an increase of 7% from $8.79B during the similar period last year. Reports November SSS, excluding negative impacts from gasoline price deflation and foreign exchange, up 8%.
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