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Stock Market & Financial Investment News

News Breaks
January 15, 2013
16:24 EDTFB, GOOG, MSFT, YELP, AAPL, DELL, EXPR, ENOC, CWTROn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with the Dow and S&P 500 gaining in the second half of the session to close in positive territory. Tech headlines dominated the day, as a Facebook (FB) event at 1 pm ET prompted heavy volume trading of shares of the social network. Aside from Facebook, volume was fairly light again ahead of earnings reports due tomorrow morning from a number of financial giants... ECONOMIC EVENTS: In the U.S., the January Empire State Manufacturing Survey from the New York Fed rose slightly to -7.78 from last month's -8.10 reading, but missed forecasts for a rise to 0.00. The Commerce Department said retail sales increased 0.5% in December, versus the expected increase of 0.2%. Producer prices fell 0.2% during last month, versus the expected decrease of 0.1%. Business inventories grew 0.3% in November, matching expectations... COMPANY NEWS: Facebook unveiled "Graph Search," which will be rolled out in a limited beta test beginning today. The search feature is designed to answer questions in a way particular to the user based on information in their own Facebook feed and those of their friends, but is a supplement, not a replacement, for traditional web searches like Google's (GOOG). In fact, Facebook announced that Microsoft's (MSFT) Bing is a partner in the new tool. Shares of Facebook slipped 85c, or 2.74%, to $30.10 on the day on trading volume nearly three times the stock's average... Apple's (AAPL) move below $500 garnered significant attention amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments and Apple closed down $15.83, or 3.15%, at $485.92... Dell (DELL) gained another 88c, or 7.16%, to $13.17 a day after rising on a Bloomberg report that said the company was in talks to go private. A Wall Street Journal report said TPG Capital and Silver Lake Partners are involved in a potential bid for Dell and Reuters added that talks with Silver Lake are in "advanced" stages. Analyst commentary on the possibility of a deal getting done was mixed, though Deutsche Bank said a deal could be done at $15-$16 per share while Jefferies said a deal could be done between $15-$17 per share... MAJOR MOVERS: Among the notable gainers were Express (EXPR), up $3.34 or 23.76%, to $17.40 after raising its Q4 and FY12 EPS views, and EnerNOC (ENOC), up $3.20, or 25.48%, to $15.76 following an EPA final ruling on emission control requirements for backup diesel generators. Among the noteworthy losers was Coldwater Creek (CWTR), down $1.13, or 22.60%, to $3.87 after lowering its Q4 EPS view. Also lower were shares of Yelp (YELP), down $1.36, or 6.19%, to $20.61 after Facebook announced its new Graph Search feature... INDICES: The Dow was up 27.57, or 0.20%, to 13,534.89; the Nasdaq was down 6.72, or 0.22%, to 3,110.78; and the S&P 500 was up 1.66, or 0.11%, to 1,472.34.
News For FB;GOOG;MSFT;YELP;AAPL;DELL;EXPR;ENOC;CWTR From The Last 14 Days
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October 17, 2014
16:01 EDTAAPL, FBOptions 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.
11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
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09:38 EDTAAPL, GOOGActive 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 EDTAAPL, GOOGFBI 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
07:47 EDTGOOGGoogle exec confident in improving YouTube ad sales, BI reports
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07:37 EDTGOOGGoogle price target lowered to $600 from $670 at BofA/Merrill
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07:24 EDTGOOGMacquarie continues to recommend Google for long-term holders
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07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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06:47 EDTGOOGGoogle price target lowered to $620 from $650 at Cantor
Cantor Fitzgerald lowered its price target for Google shares to $620 saying higher operating expenses and elevated Capex pressured margins and earnings in Q3. The firm views the current valuation as attractive and keeps a Buy rating on Google.
06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTMSFTSony says PS4 September's top-selling console
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:23 EDTGOOGGoogle price target lowered to $675 from $725 at Pacific Crest
Pacific Crest lowered its price target for Google shares to $675 citing expectations for a higher tax rate following the company's Q3 results. The firm thinks shares are attractively valued at current levels and keeps an Outperform rating on Google.
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTGOOG, AAPLLVMH 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 LVMHs 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
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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