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Stock Market & Financial Investment News

News Breaks
June 12, 2014
10:07 EDTEBAY, AAPL, GOOG, V, MA, BRCM, NXPIAnalyst 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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August 18, 2014
06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
06:10 EDTNXPINXP Semiconductors downgraded at Goldman
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05:44 EDTNXPINXP Semiconductors downgraded to Sell from Neutral at Goldman
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05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
August 17, 2014
18:38 EDTAAPLToo early to sell Apple, Barron's says
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14:05 EDTGOOGGoogle acquires digital photo analysis startup Jetpac
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August 15, 2014
17:02 EDTEBAYStocks end week slightly higher despite flare-up in Russian tensions
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16:00 EDTAAPLOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
12:39 EDTGOOGOn The Fly: Midday Wrap
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11:45 EDTGOOGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTGOOGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTGOOGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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10:27 EDTVVisa management to meet with Pacific Crest
Meeting to be held on the West Coast on August 21 hosted by Pacific Crest.
10:09 EDTGOOG, AAPLSony expected to debut Smartwatch 3 next month, GigaOM reports
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10:01 EDTNXPIOn The Fly: Analyst Initiation Summary
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09:35 EDTAAPLActive equity options trading on open
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08:29 EDTAAPLChina Telecom now hosting Apple iCloud data in China, Marbridge Daily says
Apple (AAPL), which had previously been storing iCloud data for its Chinese users on servers in the U.S., in reportedly using China Telecom (CHA) as its sole cloud storage services provider in China, according to online Chinese media reports, said Marbridge Daily, citing Sina Tech. Apple and China Telecom have not commented, the report noted. Reference Link
06:18 EDTNXPINXP Semiconductors initiated with a Buy at Stifel
Target $78.
06:15 EDTVSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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06:13 EDTEBAYeBay's Braintree unit considering accepting bitcoin, WSJ reports
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