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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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April 12, 2015
19:01 EDTAAPLNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
13:45 EDTUPS, TNTEYUPS to invest $1.06B in Europe expansion, Reuters says
According to a report in German magazine Wirtschaftswoche, UPS (UPS) plans to invest over $1B in Europe to expand its package delivery network, says Reuters. Last week UPS rival FedEx (FDX) announced its intention to acquire TNT Express (TNTEY) for EUR 8.00 per share. Reference Link
April 10, 2015
16:19 EDTTNTEYStocks finish week higher as investors speculate jobs data could delay rate hike
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16:14 EDTAAPLOn The Fly: Closing Wrap
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16:05 EDTAAPLOptions Update; April 10, 2015
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15:28 EDTAAPLApple may charge $10-$15 per month for Beats music service, Bloomberg says
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12:46 EDTAAPLOn The Fly: Midday Wrap
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11:00 EDTAAPLApple Watch largely sold out in 30 minutes, says Piper Jaffray
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10:56 EDTAAPLStocks with call strike movement; BIDU AAPL
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10:41 EDTAAPLBattleground: Analysts differ on Apple as Watch pre-orders kick off
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10:00 EDTAAPL, TNTEYOn The Fly: Analyst Downgrade Summary
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09:39 EDTAAPLActive equity options trading on open
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08:23 EDTAAPLGarmin may be appealing to value seekers, says Pacific Crest
Pacific Crest says its checks found no signs of a pause in demand for Garmin's (GRMN) products leading up to the release of Apple's (AAPL) Apple Watch. The firm suspects that Garmin may be less hurt by the Apple Watch than many believe, and it thinks downside risk from the launch of the Apple Watch has subsided. The firm believes that value seekers could see an opportunity in Garmin, but it keeps a Sector Perform rating on Garmin.
07:47 EDTAAPLApple target raised to $150 at Canaccord after survey shows strong iPhone demand
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07:45 EDTAAPLApple volatility elevated into Apple Watch launch
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06:51 EDTAAPLApple downgraded at Raymond James on tough comps, Apple Watch risk
As previously reported, Raymond James analyst Tavis McCourt downgraded Apple to Market Perform from Outperform ahead of Q2 results. McCourt raised estimates due to iPhone strength in China and stronger buyback activity but believes FY16 comps get tougher and Apple Watch expectations could fall short. He said early reviews of Apple Watch have been muted and could add to investors' fears regarding the company's ability to launch a new successful product. McCourt views Apple's valuation as in-line with large-cap tech peers and expects shares to remain range-bound.
06:36 EDTAAPLApple downgraded to Market Perform from Outperform at Raymond James
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06:04 EDTAAPLApple sees customer demand for Apple Watch exceeding supply at launch
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05:36 EDTTNTEYTNT Express downgraded to Sector Perform from Outperform at RBC Capital
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05:36 EDTTNTEYTNT Express initiated with an Equal Weight at Barclays
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