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Stock Market & Financial Investment News

News Breaks
January 31, 2013
11:05 EDTFB, AAPL, FIOLazard Capital bucks trend with upgrade of Fusion-io
Fusion-io (FIO), which develops flash data storage products, is tumbling after the company last night provided weaker than expected revenue guidance for its third quarter and fiscal year 2013. The huge scale of the transformation to flash storage can create lumpiness in customer deployments from quarter to quarter, Fusion-io explained. The company added that its sales to Apple (AAPL) tumbled 42% in the second quarter compared with the previous quarter. Moreover, Fuison-io stated that its sales to Apple should continue to slow for the next two quarters. Facebook's (FB) spending on Fusion-io's products will also slow over the next two quarters, the company warned. While Fusion-io said it remained upbeat about the outlook for its business, several analysts reacted to the company’s guidance by downgrading the stock. Analysts from JPMorgan, Credit Suisse and Piper Jaffray all downgraded the shares in notes to investors earlier today. On the other hand, Lazard Capital analyst Edward Parker upgraded the shares to Buy from Hold. Fusion-io maintains a significant lead over its competitors, and it still has pricing power, Parker believes. The company's new guidance adequately incorporates lumpiness in its business and the stock's valuation is now reasonable, wrote Parker, who put a $23 price target on the shares. In mid-morning trading, Fusion-io sank $3.04, or 15.12%, to $17.05.
News For FIO;AAPL;FB From The Last 14 Days
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April 8, 2014
06:24 EDTAAPLApple may develop baseband chpis for iPhones inhouse, DigiTimes says
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06:20 EDTAAPLApple may release iWatch in Q3, DigiTimes reports
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06:07 EDTAAPLMicrosoft investing in 'invisible user interface' technology, WSJ reports
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April 7, 2014
16:01 EDTAAPLOptions Update; April 7, 2014
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14:06 EDTAAPLApple slips to lows of the day, levels to watch
Shares were last at $522.56, just off the session low. At current price, next support is at $517.35. Resistance is at $527.67.
09:34 EDTAAPLActive equity options trading on open
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08:45 EDTAAPLInvenSense price target raised to $27 from $20 at Pacific Crest
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07:51 EDTAAPLApple sent iTV panel samples from Korean display maker, Korea Herald says
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07:37 EDTAAPLApple considered dumping long-time ad agency, WSJ reports
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07:16 EDTAAPLRetailers muscle into competitive mobile payment market, Reuters says
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06:36 EDTAAPLApple's sales force worried about iPhone outlook, Re/code reports
Apple's (AAPL) sales force has been worried about weakness in the iPhone's market share, amid strong competition from Google's (GOOG) Android operating system, a document presented in a court case showed, Re/code reported on Friday. According to the internal Apple document, the only portions of the smartphone market showing growth were large devices costing more than $300 or devices that cost less than $300, the website stated. Reference Link
April 6, 2014
17:48 EDTAAPLGoogle set to announce Android TV, The Verge says
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April 4, 2014
17:12 EDTFBMarket finishes mixed as Nasdaq sells off into weekend
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16:30 EDTFBOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; April 4, 2014
iPath S&P 500 VIX Short-Term Futures up 89c to 41.88. Option volume leaders: AAPL C P NFLX LNG BAC INTC TSLA TWTR according to Track Data.
09:36 EDTFB, AAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA MU GNK AMZN FB GILD MA NFLX
08:18 EDTAAPLApple June quarter results likely to miss expectations, says BMO Capital
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08:02 EDTFBFacebook met with anonymous app maker Secret but didn't make offer, Re/code says
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06:14 EDTAAPLApple acquires Novauris, terms not disclosed, Re/code reports
Apple has confirmed that it has acquired Novauris Technologies, a speech technology company, Re/code reports. Reference Link
06:12 EDTFBFacebook paid researchers $1.5M to fix software bugs
Facebook paid out more than $1.5M to security researchers who helped it find and fix software bugs and security vulnerabilities in its software code, the company said. The company says it has been working to grow its bug bounty program since 2011, and "We received 14,763 submissions in 2013, a 246% increase from 2012. Of these, 687 were valid and eligible to receive rewards. 6% of eligible bugs were categorized as high severity. We've paid over $2M since we got started in 2011, and in 2013 we paid out $1.5M to 330 researchers across the globe. 2014 is looking good so far. The volume of high-severity issues is down, and we're hearing from researchers that it's tougher to find good bugs." Reference Link
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