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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:26 EDTDELL, AAPL, UPS, TNTEY, XRTX, AZK, HALOOn 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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October 20, 2014
09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:04 EDTHALOBaxter, Halozyme launch HYQVIA in U.S.
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09:01 EDTAAPLOffice Depot stores now accept Apple Pay
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08:44 EDTAAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:32 EDTHALOHalozyme receives FDA approval for new Hylenex recombinant facilities
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08:32 EDTAAPLFirst Tennessee to offer Apple Pay
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08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
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06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
16:55 EDTAAPLStocks end volatile week lower amid oil price plunge
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16:01 EDTAAPLOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:46 EDTAAPLApple October weekly volatility elevated into Q4
Apple October weekly call option implied volatility is at 41, November is at 28, December is at 26, January is at 25 compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q4 on October 20.
09:38 EDTAAPLActive equity options trading on
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09:32 EDTAAPLVirnetX files petitions, requests restoration of jury verdict against Apple
VirnetX (VHC) announced that it filed a petition with the U.S. Court of Appeals for the Federal Circuit, requesting a rehearing and rehearing en banc of the Federal Circuit's September 14 decision concerning VirnetX's litigation against Apple (AAPL). In its petition, VirnetX is asking the court to rehear its decision with respect to damages and affirm the district court's damages award against Apple in full because the Federal Circuit's decision is contrary to the patent statute and Supreme Court precedent. VirnetX is also asking the Federal Circuit to reinstate the jury's award that Apple infringed the '504 and '211 patents on the basis that the district court correctly construed the claim term "secure communication link." Kendall Larsen, VirnetX CEO and President said, "We respectfully believe the Court of Appeals for the Federal Circuit erred in certain parts of its decision and are asking it to further review its decision. We look forward to readdressing the decision with the court and remain confident about the strength of our arguments regarding restoration of the jury's damages award."
07:53 EDTAAPLFBI Director urges Apple, Google to change course on encryption, WSJ says
FBI Director James Comey, making his most extensive statements to date on encrypted phones and operating systems in a speech at the Brookings Institution, urged Apple (AAPL) and Google (GOOG) to “take a step back, to pause to consider, I hope, a change of course,’’ and called on lawmakers to update federal rules on how the government can intercept and monitor communication, reported The Wall Street Journal. Reference Link
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPLLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
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