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Stock Market & Financial Investment News

News Breaks
June 12, 2014
10:07 EDTMA, AAPL, NXPI, V, EBAY, BRCM, GOOGAnalyst predicts Apple will take on PayPal with digital wallet
Apple (AAPL) may unveil a digital wallet following the release of the iPhone 6, putting the tech giant in direct competition with eBay's (EBAY) PayPal, Gene Munster, an analyst at research firm Piper Jaffray wrote. WHAT'S NEW: Apple's upcoming iPhone 6 will include near-field communication technology, or NFC, potentially giving the company the opportunity to offer a digital wallet, Piper analyst Gene Munster stated in a note to investors earlier today. But such an initiative would present a number of challenges for Apple, the analyst stated. Specifically, the iPhone maker would have to build a retail or terminal partner base from scratch, while PayPal's digital wallet is already available at about 2M retail locations, according to Munster. Moreover, Apple would have to develop a security solution for its digital wallet, the analyst added. Although the credit card data that Apple has obtained from iTunes users is a valuable asset, PayPal is already facing competition from a number of companies in the digital wallet space, including Google (GOOG), Visa (V) and MasterCard (MA), the analyst noted. He kept an Overweight rating on eBay. WHAT'S NOTABLE: Broadcom (BRCM) and NXP Semiconductors (NXPI) have developed NFC solutions. PRICE ACTION: In early trading, eBay was flat at $49.
News For EBAY;AAPL;GOOG;V;MA;BRCM;NXPI From The Last 14 Days
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December 9, 2014
08:52 EDTNXPINXP Semiconductors price target raised to $80 from $75 at Morgan Stanley
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08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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06:14 EDTGOOGGoogle launches Street View in Dubai
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06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
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05:34 EDTEBAYChannelAdvisor says Amazon November SSS up 35.7%, eBay up 9.8%
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December 8, 2014
16:06 EDTNXPINXP Semiconductors initiated with an Outperform at Oppenheimer
Target $100.
16:00 EDTAAPLOptions Update; December 8, 2014
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15:18 EDTBRCMBroadcom December volatility elevated into analyst day
Broadcom December weekly call option implied volatility is at 53, December is at 34, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into a company sponsored analyst day on December 10.
14:50 EDTMA, VVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
13:52 EDTEBAYeBay advances slightly in down tape after Stifel upgrades shares
Shares of eBay (EBAY) are rising slightly in a down market after research firm Stifel upgraded the stock to Buy from Hold. WHAT'S NEW: The risk/reward ratio on eBay appears to be favorable, Stifel analyst Scott Devitt wrote in a note to investors today. In the most likely scenario for the company, the shares could increase as high as about $65 from their current level of around $55, but are unlikely to drop much below $50, Devitt believes. In a possible bullish scenario, the shares could go up to $75, the analyst stated. The spin off of eBay's PayPal business, expected to occur within nine months, should be a significant catalyst for the stock, while the gross merchandise volume generated by the company's marketplaces business should accelerate in the second half of next year, wrote Devitt. Marketplaces comparisons become easier starting in the second half of the year, the analyst explained. Additionally, eBay will begin to emphasize that the percentage of e-commerce transactions processed by PayPal is increasing, Devitt stated. Meanwhile, eBay's valuation is "compelling," and the upcoming spin-off reminds Devitt of the separation of Expedia (EXPE) and TripAdvisor (TRIP), which proved to be a positive catalyst, he wrote. Devitt set a $65 price target on the shares. PRICE ACTION: In mid-afternoon trading, eBay gained 17c, or 0.3%, to $54.97.
13:16 EDTAAPLApple trades off session lows, levels to watch
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10:00 EDTEBAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:04 EDTMAMasterCard, Dynamics announce joint commercial initiative
In conjunction with the Series C funding announcement issued earlier, MasterCard and Dynamics Inc. also announced a joint commercial initiative to drive innovation in the interactive payment card market. The collaboration enables MasterCard to offer exclusive Dynamics products to its issuers globally, providing consumers with added choice, flexibility and security at the point of sale.
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
06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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06:10 EDTEBAYeBay upgraded to Buy from Hold at Stifel
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December 7, 2014
13:47 EDTGOOGGoogle could reach $634 in a year, Barron's says
Google shares look attractive at current levels and shares could reach $634.00 in a year, driven by stabilizing ad pricing, Barron's contends in a feature article. Reference Link
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