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Stock Market & Financial Investment News

News Breaks
January 14, 2013
16:26 EDTAZK, UPS, XRTX, AAPL, HALO, TNTEY, DELLOn 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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June 22, 2015
05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
June 19, 2015
16:00 EDTAAPLOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
12:46 EDTAAPLApple denies coercing artists into Apple Music deals, Rolling Stone reports
An Apple spokesman has denied allegations that it is threatening to remove music from its iTunes store by artists who do not sign up for the Apple Music service, reports Rolling Stone. A company spokesman said "It will not be taken off". The comments came after musician Anton Newcombe went on Twitter, alleging that an Apple representative threatened to take off their music if he didn't sign on. Reference Link
09:37 EDTAAPLActive equity options trading on open
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06:18 EDTAAPLApple Music unable to secure rights to '1989' album, BuzzFeed News reports
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June 18, 2015
14:31 EDTAAPLApple said to plan video camera for next Watch, 9to5Mac reports
Apple plans to add a "FaceTime" video camera, more iPhone independence and additional premium-priced variants with the next iteration of the Apple Watch, but may only keep, or slightly improved, the existing battery life with the next device, reported 9to5Mac's Mark Gurman, citing multiple sources familiar with the company's plans. Reference Link
13:02 EDTAAPLWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
12:10 EDTAAPLContract electronic manufacturers underperform after Jabil results
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12:04 EDTAAPLActive options: AAPL ORCL FB RAD BAC HTZ MU GE TSLA AMZN BABA KO
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10:01 EDTUPSUPS building new healthcare distribution center in Roermond, The Netherlands
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09:35 EDTAAPLActive equity options trading on open
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08:07 EDTAAPLAnalog Devices secured design win in next iPhone, says Citi
Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.
07:09 EDTAAPLAlmost 20% of Apple Watch buyers have purchased spare band, Reuters says
Nearly 20% of Apple Watch buyers have also purchased a spare band for the watch, Reuters reports, citing data from Slice Intelligence. Slice estimates that Apple has sold 2.79M watches as of mid-June, the report says. The data shows that approximately 17% of Apple Watch shoppers have purchased more than one band, with the entry level sports brand as the highest seller at $49, Reuters says. Other popular bands are the quilted leather loop at $149 and the stainless steel link bracelet for $449. Reference Link
June 17, 2015
14:42 EDTAAPLOption volume leaders
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10:25 EDTAAPLApple iPhone estimates raised at BofA/Merrill
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09:40 EDTAAPLActive equity options trading on open
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
07:29 EDTAAPLApple Music offering high revenue rate to attract indie labels, Billboard says
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07:10 EDTAAPLSoftbank, Foxconn form JV to make robots, Nikkei reports
Softbank (SFTBF) and Apple (AAPL) supplier Foxconn will set up a joint venture to make robots, The Nikkei reports, citing sources. According to the sources, the JV may first focus on mass production of Pepper, a home robot that can respond to human emotions and requests, and plan to initially make around 10,000 units annually. The JV may also market the robot and potentially other models globally. Reference Link
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