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Stock Market & Financial Investment News

News Breaks
December 6, 2012
12:22 EDTDB, AAPL, AKAM, T, ZNGA, VRA, ALGNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as jobless claims came back down a bit from their storm-driven elevated levels. The market opened slightly lower as the S&P and Nasdaq were once again weighed down by Apple's (AAPL) stock continuing yesterday's descent. As Apple pared its losses and moved back into positive ground so did the Nasdaq, making the index the morning's biggest winner with an increase of over 0.6%... ECONOMIC EVENTS: In the U.S., initial jobless claims fell 25,000 to 370,000, versus expectations for claims to fall to 380,000. Also, Challenger, Gray & Christmas reported that planned layoffs were up 34% in November compared to the prior year. In Europe, the European Central Bank and Bank of England both kept their benchmark interest rates unchanged and did not announce new stimulus measures. The ECB also lowered its growth and inflation forecasts for 2013... COMPANY NEWS: Three former Deutsche Bank (DB) employees told U.S. regulators that the bank hid as much as $12B in losses during the financial crisis, according to The Financial Times, though the company disputed the allegations... Apple, which is always in focus as such a large component of the Nasdaq 100, managed to dominate the spotlight for a second day in a row after CEO Tim Cook said the company will produce one of its existing lines of Macs in the U.S. next year... MAJOR MOVERS: Among the notable gainers were Akamai (AKAM), up over 9% after announcing a partnership with AT&T (T), and Zynga (ZNGA), up nearly 8% after the Wall Street Journal reported the company has filed paperwork in Nevada for real money games. Among the noteworthy losers were Vera Bradley (VRA), down 12% after its guidance missed estimates, and Align Technology (ALGN), down about 5% after saying it now expects EPS and revenue for it current quarter to come in at the lower end of its previous guidance... INDICES: Near noon, the Dow was up 8.98, or 0.07%, to 13,043.47; the Nasdaq was up 18.29, or 0.62%, to 2,991.99; and the S&P 500 was up 2.48, or 0.18%, to 1,411.76.
News For DB;AAPL;AKAM;T;ZNGA;VRA;ALGN From The Last 14 Days
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July 9, 2014
07:10 EDTAAPLApple price target raised to $105 from $90 at Mizuho
Mizuho expects Apple to report an inline Q3 but sees upside to Q4 and expects revenue guidance to be $1B-$2B above consensus and EPS upside of 5c-10c. The firm expects 2H 2014 stock gains to be driven by the strong product cycle. Shares are Buy rated with a $105 price target, up from $90.
07:10 EDTAAPLDisney ceases on-demand movie sales in Japan via iTunes, Reuters says
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06:58 EDTAAPLApple hires two Nike FuelBand engineers, Apple Insider erports
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06:46 EDTAAPLApple loses patent suit in China, Reuters says
Apple (AAPL) had taken Shanghai-based Zhizhen Internet Technology and China's State Intellectual Property Office to court in hopes that the court would rule that Zhizhen's patent rights to a speech recognition technology were invalid, but the Beijing First Intermediate Court decided in favor of Zhizhen, according to Reuters, citing a report from the People's Daily state newspaper in China. After the ruling, the report noted that Apple is aiming to take the case to the Beijing Higher People's Court. Reference Link
06:34 EDTAAPLFake document hits federal court in hiring case against tech giants, WSJ says
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06:31 EDTAAPLFTC may probe Google over child app purchases, Politico says
After the Federal Trade Commission cracked down on apps previously available on Apple (AAPL) devices that let children spend money without their parents' permission, Apple told the FTC that similar apps are available on Google's (GOOG) app store, according to Politico. As a result, the FTC may investigate Google over this issue, Politico stated. Reference Link
05:54 EDTAAPLGarmin downgraded to Underperform from Sector Perform at Pacific Crest
Pacific Crest downgraded its rating on Garmin (GRMN) to Underperform saying any action camera optimism is likely to end in disappoint while Apple's (AAPL) potential watch announcement could create "substantial" headline and competitive risk. Pacific Crest believes Garmin shares may be overvalued and sees fair value for the stock in the mid-$40 range. The stock closed yesterday at $60.63.
05:48 EDTDBDeutsche Bank upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded JPMorgan to Overweight citing a favorable risk/reward following the bank's capital increase.
July 8, 2014
16:00 EDTAAPLOptions Update; July 8, 2014
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13:12 EDTAAPLGT Advanced's sapphire screens likely in both new iPhones, says Stifel
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11:42 EDTAAPLUber poaches Apple's Chris Blumenberg, The Information reports
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10:24 EDTAAPLApple could be impacted by Chinese subsidy cuts, says UBS
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR GILD EXXI FB MGM
09:36 EDTAAPLApple to invest $55M in North Carolina solar farm, Hicorky Record reports
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09:33 EDTDBJeffrey Mayer said to leave Deutsche Bank for Cerberus, Bloomberg reports
Deutsche Bank's head of corporate banking and securities for North America, Jeffrey Mayer, is reportedly leaving the bank for Cerberus Capital Management, Bloomberg reports, citing two sources. A Deutsche Bank spokesperson says Mayer is still currently employed by the bank. Reference Link
07:49 EDTDBEU banks on pace to shed record EUR100B on unwanted loans, FT says
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07:34 EDTAAPLLeak points to sapphire screen for 4.7" iPhone 6
A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link
07:00 EDTTSprint tests discounted versions of Framily, individual plans, CNet reports
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06:59 EDTTMobile payments company Isis to change name
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06:35 EDTDBCommerzbank expected to pay at least $500M in settlement, NY Times says
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