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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:26 EDTXRTX, AAPL, HALO, TNTEY, DELL, AZK, UPSOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow the lone index managing to close in positive territory. Apple (AAPL) shares weighed on the Nasdaq, though that weakness was partially offset by strength in Dell (DELL), following a report that it is exploring a bid to go private. The day's trading session, however, saw generally light volume ahead of a number of big financial earnings report due later this week... ECONOMIC EVENTS: In the U.S., no major economic data was reported. After the close, Federal Reserve Chairman Ben Bernanke is scheduled to speak at the University of Michigan, which has the potential to be market moving... COMPANY NEWS: Bloomberg reported, citing sources, that Dell has held talks about going private and shares spiked higher before being halted due to volatility. After resuming trading, Dell shares climbed as high as $12.74 before settling up $1.41, or 12.96%, at $12.29. Notably, Goldman Sachs upgraded Dell shares on December 3 to Buy from Sell, citing the potential for a leveraged buyout opportunity among the factors, and Susquehanna said in a late-day note to investors that Dell could be worth $16-$17 per share in a buyout... Shares of Apple lost $18.55, or 3.57%, to $501.75, but closed above the psychologically and technically important $500 level after shares dipped below that level intraday. The slide followed a Wall Street Journal report, citing sources, that said Apple has cut its orders for iPhone 5 components due to weak demand... UPS shares gained $1.32, or 1.69%, to $79.24 after the company announced it will drop its pursuit of TNT Express (TNTEY), citing EU regulatory hurdles. Following the announcement, UPS shares were upgraded to Buy at Deutsche Bank and to Market Perform at Avondale... MAJOR MOVERS: Among the notable gainers was Xyratex (XRTX), up 70c, or 8.36%, to $9.07 after hedge fund Baker Street Capital, which owns approximately 23% of the company's outstanding shares, sent a letter to the Xyratex board urging the company to review all strategic alternatives. Also higher were shares of Aurizon Mines (AZK), up $1.12, or 32.37%, to $4.58 after Alamos Gold launched an offer to buy the miner for C$780M, and Halozyme (HALO), up $1.13, or 15.67%, to $8.34 following an upgrade to Outperform at BMO Capital. Among noteworthy losers was Cirrus Logic (CRUS), which fell $2.96 or 9.37%, to $28.62 as one of the Apple suppliers displaying weakness after the WSJ report. Also lower were shares of Francesca's (FRAN), which slid $1.01 or 3.58%, to $27.22 despite the company raising its Q4 revenue view... INDICES: The Dow was up 18.89, or 0.14%, to 13,507.32; the Nasdaq was down 8.13, or 0.26%, to 3,117.50; and the S&P 500 was down 1.37, or 0.09%, to 1,470.68.
News For DELL;AAPL;UPS;TNTEY;XRTX;AZK;HALO From The Last 14 Days
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December 10, 2014
14:20 EDTAAPLUnited Continental providing 23,000 flight attendants with iPhone 6 Plus
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09:36 EDTAAPLActive equity options trading
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08:36 EDTAAPLApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBMís big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:14 EDTUPSUPS management to meet with UBS
Meeting to be held in Seoul, South Korea on December 10 hosted by UBS.
06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPLOptions Update; December 9, 2014
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10:35 EDTAAPLApple falls, levels to watch
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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07:46 EDTUPSUPS management to meet with UBS
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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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08:11 EDTUPSUPS management to meet with UBS
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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
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