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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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October 8, 2014
16:01 EDTAAPLOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:12 EDTAAPLNuance October calls active amid speculation Icahn speculation
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15:00 EDTAAPLApple shares climb following Icahn tweet of open letter to Tim Cook
Activist investor Carl Icahn tweeted that he is sending an open letter to Tim Cook tomorrow. This news along with the better tone in markets has helped lift the shares back above the psychologically important $100 level. Next resistance is at $101.79. Support is at $99.90.
14:54 EDTAAPLApple volatility flat, Icahn says to send open letter to CEO Tim Cook tomorrow
Apple October weekly call option implied volatility is at 23, October is at 20, November is at 26, December is at 24, January is at 23; compared to its 26-week average of 25 according to Track Data, suggesting non-directional price movement on Carl Icahn says to send open letter to CEO Tim Cook tomorrow.
14:36 EDTAAPLIcahn says to send open letter to Apple CEO Tim Cook tomorrow
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12:08 EDTAAPLApple sends out invites for October 16 event, 9to5Mac reports
Apple has sent out invitations for its October 16 event that is expected to introduce new iPads and Macs, 9to5Mac reports. The event will take place at the Town Hall auditorium on its Infinite Loop Campus in Cupertino, California and begin at 1pm ET. Reference Link
12:03 EDTTAT&T Mobility pays $80M to FTC over mobile cramming charges
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11:45 EDTAAPLApple 'surprised' by GT Advanced's Chapter 11 filing, WSJ reports
Apple (AAPL) says it was "surprised" by GT Advanced's (GTAT) Chapter 11 bankruptcy filing on Monday, the Wall Street Journal reports. Apple says it is focused on preserving jobs in Arizona and will continue to work with state and local officials "as we consider our next steps." GT Advanced is a partner for Apple's sapphire initiative. Reference Link
11:41 EDTAAPLJ.C. Penney says store base count 'roughly' where it needs to be
Says evaluating stores to see if EBITDA accretive. Says "disciplined" regarding promotions. Says won't risk margin over promotions. Says Apple (AAPL), Samsung (SSNLF), Amazon (AMZN) taking "chunk" out of consumer spending. Sees returning to 37%-39% gross margins over time.
10:48 EDTZNGAGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
10:44 EDTAAPLFitbit said it has no plans to integrate with iOS 8 Heath app, 9to5Mac says
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09:57 EDTAAPLBlog reveals next-generation Apple iPad Air, 9to5Mac says
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09:38 EDTAAPLActive equity options trading on open
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08:20 EDTAAPLQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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07:11 EDTDBDeutsche Bank mulls $2B real estate loan portfolio sale, Reuters says
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06:57 EDTAAPLApple's iPhone 6 Plus more popular than iPhone 6, WantChinaTimes says
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06:13 EDTAAPLNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
06:10 EDTAAPLQuantom begins small-volume production of 12-inch Macbook Air, DigiTimes says
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05:54 EDTAAPLTeen interest in Apple Watch 'tepid,' says Piper Jaffray
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05:11 EDTAKAMAkamai, China Telecom establish strategic cloud services partnership
Akamai Technologies (AKAM) announced a strategic partnership agreement with China Telecom Corporation (CHA) cloud division, CT Cloud. CT Cloud is one of the largest cloud computing service providers in China, offering quality cloud services to customers. As part of the strategic partnership, CT Cloud has agreed to offer an integrated solution incorporating Akamai's full suite of media delivery, Web performance, and cloud security offerings with its own Cloud services to Chinese businesses looking to grow their global Web presence. In addition, the partnership is designed to enable close cooperation between the two companies in the areas of technology and network access, thus strengthening Akamai's China CDN offering for accelerating content from global customers to Chinese consumers. Under the partnership, CT Cloud plans to leverage Akamai for content delivery network technology that will be available for the delivery of its Cloud services.
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