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Stock Market & Financial Investment News

News For GE;DELL;GSK;AZN;BEN;AAPL From The Last 14 Days
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October 31, 2014
05:58 EDTAAPLApple implied volatility of 19 at lower end of index mean range
October 30, 2014
17:16 EDTGEFlorida East Coast Railway acquires 24 new General Electric locomotives
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17:10 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street advanced, with a strong move higher from Visa (V) after its earnings report accounting for more than 100 points of the Dow's increase. The Nasdaq, which lagged all day, eventually moved off its lows and closed in positive territory as well. The New York Stock Exchange notified customers of a problem at 1:40 p.m., saying there was a “critical issue” and it was “experiencing issues publishing and receiving trades and quotes.” Ten minutes later, it sent a new alert saying the system was “processing trades and quotes normally.” ECONOMIC EVENTS: In the U.S., GDP grew 3.5% in the third quarter, topping the consensus forecast for 3.1% growth. Initial jobless claims rose 3K to 287K in the week ended October 25, which was narrowly above the 285K consensus estimate. COMPANY NEWS: Shares of credit card networks Visa (V) and MasterCard (MA) are rising after both companies reported stronger than expected results. Visa, which also authorized a new $5B share repurchase program and was upgraded to Outperform from Market Perform at FBR Capital, advanced $21.99, or 10.24%, to $236.65, while MasterCard gained $7.14, or 9.4%, to $83.13... Apple (AAPL) CEO Tim Cook publicly acknowledged in an essay published by Bloomberg Businessweek that he is gay. Cook noted that he feels "if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy." MAJOR MOVERS: Among the notable gainers was Bristol-Myers (BMY), which advanced $4.82, or 8.9%, to $58.98 after the company announced data for a trial of its Opdivo drug in certain lung cancer patients that a doctor involved in the study called "encouraging." Also higher was Omeros (OMER), which rose $4.99, or 43.09%, to $16.57 after the company announced it has received transitional pass-through status for its lead product, Omidria, from the Center for Medicare & Medicaid Services. Among the noteworthy losers was Glu Mobile (GLUU), which fell 92c, or 20.31%, to $3.61 after the game maker reported Q3 EPS that beat consensus but non-GAAP revenue that missed expectations. Also lower were shares of beauty products provider Avon (AVP), which fell 99c, or 9.03%, to $9.97 after its third quarter report. INDEXES: The Dow rose 221.11, or 1.3%, to 17,195.42, the Nasdaq gained 16.91, or 0.37%, to 4,566.14, and the S&P 500 added 12.35, or 0.62%, to 1,994.65.
16:00 EDTAAPLOptions Update; October 30, 2014
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12:59 EDTAAPLOn The Fly: Midday Wrap
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12:53 EDTAAPLFirm says Apple's tablet market share fell in Q3
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11:58 EDTAZNSanofi looked to AstraZeneca head regarding Viehbacher, Bloomberg says
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09:34 EDTAAPLMasterCard CEO says first few weeks of Apple Pay 'very encouraging'
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09:19 EDTAAPLMasterCard CEO says mobile strategy is to work with 'all players'
MasterCard (MA) CEO Ajaypal Banga says that while the company has worked closely with Apple (AAPL) on Apple Pay, which has garnered significant attention, that the company's strategy for mobile payments will be to work with "all players" to make it as easy as possible for all MasterCard customers.
07:19 EDTAZNAstraZeneca says FDA approves once-daily XIGDUO XR
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07:12 EDTAAPLApple CEO Cook says 'proud to be gay' in Bloomberg essay
Apple CEO Tim Cook wrote in an essay published by Bloomberg Businessweek: "Throughout my professional life, I’ve tried to maintain a basic level of privacy...I’ve come to realize that my desire for personal privacy has been holding me back from doing something more important...For years, I’ve been open with many people about my sexual orientation. Plenty of colleagues at Apple know I’m gay, and it doesn’t seem to make a difference in the way they treat me...While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now. So let me be clear: I’m proud to be gay, and I consider being gay among the greatest gifts God has given me...I don’t consider myself an activist, but I realize how much I’ve benefited from the sacrifice of others. So if hearing that the CEO of Apple is gay can help someone struggling to come to terms with who he or she is, or bring comfort to anyone who feels alone, or inspire people to insist on their equality, then it’s worth the trade-off with my own privacy."
06:47 EDTAAPLVisa projects mobile payments will boost growth, Reuters says
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06:34 EDTAAPLHBO sees opportunity to offer streaming option through Apple TV, Xbox, WSJ says
According to sources, HBO, a unit of Time Warner (TWX), is currently examining methods to offer consumers a standalone streaming video service, including as an add-on to broadband packages or through Apple TV (AAPL), Microsoft's (MSFT) Xbox, Amazon (AMZN) devices, or Roku, reports the Wall Street Journal. Reference Link
06:31 EDTGEGE in talks to sell stakes in South Korean finance JVs, WSJ reports
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06:29 EDTGEDHS says spies targeted control systems made by Siemens, GE, WSJ reports
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06:28 EDTAAPLMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTAAPLMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
16:02 EDTAAPLOptions Update; October 29, 2014
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14:54 EDTAAPLEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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13:44 EDTAAPLApple in preliminary talks to sell iPhone in Iran, WSJ reports
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11:48 EDTAAPLCurrentC mobile payment system endures breach, Business Insider says
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09:42 EDTAAPLActive equity options trading
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09:05 EDTAAPLAerohive clarifies Wi-Fi infrastructure donated in support of Apple program
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07:53 EDTAAPLMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
17:01 EDTAZNOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory despite two disappointing economic data points and a mixed report from social media giant Twitter (TWTR). The market moved in a narrow range for the opening half hour of trading but gained upside momentum following a much better than expected consumer confidence reading. The market continued to tack on points throughout the afternoon and closed at its highs, led by the Nasdaq, which gained 1.75% for the session. ECONOMIC EVENTS: In the U.S., durable goods orders fell 1.3% in September, significantly undershooting expectations for them to have rise 0.7% in the month. The S&P Case-Shiller home price report showed prices were lower on a seasonally adjusted basis in the month of August compared to the prior month. A reading of consumer confidence surged to a seven-year high of 94.5 in October from a revised 89.0 final reading for September. The Richmond Fed's manufacturing index rose 6 points to 20 in October, beating expectations for it to have pulled back to 10. COMPANY NEWS: Twitter (TWTR) sunk $4.78, or 9.84%, to $43.78 after the social media company reported in-line profit and higher than expected Q3 revenue, but also reported a slowdown in user growth and provided weaker than expected Q4 guidance. Following last night's report, the stock was downgraded at RBC Capital, Nomura and Bank of America Merill Lynch to "Hold" or equivalent ratings, while Stifel lowered its rating on Twitter shares to Sell from Hold... Shares of Pfizer (PFE) edged up 6c, or 0.21%, to $29.09 after the pharmaceutical giant reported third quarter adjusted earnings per share and revenue that were a bit better than expected and narrowed its fiscal year profit outlook. Of note, Pfizer said during its earnings conference call that while proposed rule changes have made "inversions" more difficult, that meaningful value from inversion deals can still exists on a "case-by-case" basis. Shares of AstraZeneca (AZN), which was previously a target of Pfizer, gained 67c, or 0.95%, to $71.43 following Pfizer's comments. MAJOR MOVERS: Among the notable gainers following their earnings reports were Whirlpool (WHR), which advanced $10.66, or 6.77%, to $168.06, Cummins (CMI), which gained $9.22, or 6.81%, to $144.59, and Cliffs Natural (CLF), which jumped $2.05, or 22.19%, to $11.29. Among the noteworthy losers was Kohl’s (KSS), which dropped $3.89, or 6.64%, to $54.66 after the department store operator’s outlook for third quarter same store sales and fiscal 2014 profit missed expectations. Also lower were shares of Coach (COH), which fell $2.15, or 5.95%, to $34.00 after the luxury handbag and accessory maker reported sales declined 9% on a constant currency basis in its first quarter. INDEXES: The Dow rose 187.81, or 1.12%, to 17,005.75, the Nasdaq advanced 78.36, or 1.75%, to 4,564.29, and the S&P 500 gained 23.42, or 1.19%, to 1,985.05.
16:08 EDTAAPLAerohive today's $50M market cap addition is too much, says at Northland
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16:00 EDTAAPLOptions Update; October 28, 2014
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14:10 EDTGSKGlaxoSmithKline liquidates passive stake in Amicus Therapeutics
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13:48 EDTAAPLAerohive Networks selected by Apple to provide Wi-Fi for ConnectED initiative
Aerohive Networks (HIVE) announced it will provide the Wi-Fi infrastructure to support Apple’s (AAPL) $100M contribution to ConnectED. Aerohive’s next-generation networking solutions will enable connectivity for Apple devices and supporting content, providing teachers a new set of tools to engage and inspire their students. Aerohive is the only Wi-Fi infrastructure company working with Apple on this initiative.
13:07 EDTAAPLNXP Semiconductors seen as beneficiary if Apple, Alibaba strike deal
Chip maker NXP Semiconductors (NXPI) would benefit significantly if Apple (AAPL) teams up with China's Alibaba (BABA) on a mobile payment system, research firm Sterne Agee wrote in a note to investors today. Alibaba founder Jack Ma and Apple CEO Tim Cook reportedly suggested last night that such a tie-up could occur. WHAT'S NEW: Alibaba founder Jack Ma said he's willing to collaborate with Apple regarding their mobile payment services, according to Reuters. Noting that Cook had suggested that there could be "a marriage" between Apple's mobile payment system, Apple Pay, and Alibaba's mobile payment system, Alipay, Sterne Agee analyst Vijay Rakesh wrote that such a deal would boost NXP Semiconductors, whose chips power NFC in Apple's iPhone 6 and 6 Plus. Alipay has a 70% share of the mobile payments market in China with about 550M users, Rakesh estimated. A deal between Apple and Alibaba would open up the China market to NXP Semiconductors and stimulate additional "domino effect" growth for NXP, the analyst stated. Raskesh reiterated his previous contention that the proliferation of mobile payment systems could increase NXP's EPS by 35c-70c per year by 2017, assuming that 50% of smartphones have mobile payment systems by that year. The analyst kept an $82 price target and Buy rating on NXP Semiconductors; shares. WHAT'S NOTABLE: A number of U.S. retailers, including CVS (CVS), Rite Aid (RAD), Wal-Mart (WMT), and Best Buy (BBY) have reportedly decided not to accept Apple Pay at this time. Cook countered yesterday that many other companies plan to utilize the system and indicated that the tech giant would look to expand the system to overseas markets. PRICE ACTION: In early afternoon trading, NXP Semiconductors rose 1.3% to $66.64. Meanwhile, Apple added 1.3% and hit a 52-week high of $106.50 and Alibaba gained 2% to $99.83.
12:57 EDTAZNOn The Fly: Midday Wrap
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12:56 EDTAAPLGT Advanced says litigation against Apple would be 'expensive,' WSJ reports
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11:56 EDTAAPLT-Mobile sees iPhone supply issues lasting through Q4
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10:23 EDTAZNPfizer says still looking at deals based on strategic fit
Pfizer (PFE) said during its earnings conference call that uncertainty around future tax actions remain a concern, but that the company is still looking for M&A opportunities. Pfizer says proposed rule changes have made "inversions" more difficult, but that meaningful value from inversion deals can still exists on a "case-by-case" basis. Shares of AstraZeneca (AZN), which was previously a target of Pfizer, are up 1.3% to $71.69 as Pfizer's earnings conference call continues.
09:37 EDTAAPLActive equity options trading
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09:37 EDTAAPLNXP Semiconductors would benefit from Apple, Alibaba deal, says Sterne Agee
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06:56 EDTAAPLWal-Mart rejecting Apple Pay for consumer 'best interests', Business Insider say
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06:44 EDTAAPLApple warns of 'event' that would cause people to think about privacy, BI says
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06:42 EDTAAPLMore than 1M credit cards registered on Apple Pay, Re/code says
More than 1M credit cards were registered on Apple's Apple Pay mobile payment system in the first 72 hours after the system was launched, Apple CEO Tim Cook said, according to Re/code. NXP Semiconductors (NXPI) and VeriFone (PAY) have been identified as other companies that could benefit from Apple Pay. Reference Link
06:38 EDTAAPLApple says Apple Pay in 220,000 locations already, Business Insider reports
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06:35 EDTAAPLAlibaba founder says willing to collaborate with Apple on payments, Reuters says
Alibaba (BABA) founder Jack Ma said he's willing to collaborate with Apple (AAPL) regarding their mobile payment services, according to Reuters, citing comments from Ma at a conference. Alibaba's Alipay is China's biggest payment service while Apple Pay was launched earlier this month. Reference Link
06:16 EDTAAPLT-Mobile CEO: iPhone 6 Plus selling at better clip than expected, Re/code says
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06:05 EDTAAPLApple head responds as retailers bar Pay service, Reuters says
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October 27, 2014
20:54 EDTAZNLeerink's major pharma analyst holds an analyst/industry conference call
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16:00 EDTAAPLOptions Update; October 27, 2014
iPath S&P 500 VIX Short-Term Futures down 52c to 32.66. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
15:18 EDTAZNEarnings Preview: Pfizer looks to new products to offset generic competition
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13:03 EDTAAPLCVS says 'cannot accept' Apple Pay at this time, CNBC says
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10:32 EDTAAPLVeriFone rises after Barron's says Apple Pay positive for company
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10:14 EDTAAPLApple, Cubic in talks for new uses for NFC, The Information reports
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
09:14 EDTAAPLOn The Fly: Pre-market Movers
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08:34 EDTBENFranklin Resources reports Q4 EPS $1.02, consensus 93c
Reports Q4 revenue $2.16B, consensus $2.17B. Total assets under management, or AUM, were $898B at September 30, down $22.5B or 2% during the quarter primarily due to $21.4B of market depreciation and other, which includes a $7.2B decrease due to the impact of foreign exchange revaluation. Net new outflows were $0.1B during the quarter.
07:38 EDTGECyber security start-ups hot with investors, including banks, FT says
Corporate venture arms have more than doubled their investment in cyber security start-ups over the last two years, according to Financial Times, citing data from CB Insights. While technology companies such as Google (GOOG), Intel (INTC) and Cisco (CSCO) are leading, the report notes that the venture capital units of Citibank (C), Wells Fargo (WFC) and General Electric (GE) have also been active investors in security start-ups. Reference Link
07:33 EDTGSKFDA and CDC to hold a meeting
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07:30 EDTGEInternational Economic Forum of the Americas to hold a forum
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07:29 EDTAZN, GSKWorldwide Business Research to hold a conference
ProcureCon Pharma 2014 is being held in Philadelphia on October 27-29.
07:22 EDTGSK, AZNAmerican College of Chest Physicians to hold a conference
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07:15 EDTAAPLWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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06:37 EDTAAPLApple plans to relaunch Beats Music next year under iTunes brand, WSJ reports
Apple is in the process of rebuilding Beats Music and plans to relaunch it next year under the iTunes brand, the Wall Street Journal reports, citing a source. Reference Link
06:33 EDTAAPLiPhone pre-orders in South Korea topping pre-orders for Galaxy Note 4, WSJ says
Pre-orders for Apple's (AAPL) iPhone 6 and iPhone 6 Plus in South Korea are reportedly far higher than orders for the new Samsung (SSNLF) Galaxy Note 4, the Wall Street Journal reports. Analysts believe total pre-sale figures for the new iPhones are around 100,000 units, more than the 30,000 units for the Galaxy Note 4. The iPhone launches in South Korea on October 31. Reference Link
06:20 EDTAAPLAT&T to lock Apple's SIM cards to its network on new iPads, WSJ reports
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06:09 EDTAAPLCVS may be disabling NFC to shut down Apple Pay, Google Wallet, MacRumors says
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October 26, 2014
15:41 EDTAAPLApple iTunes music sales see decline as alternatives attract demand, WSJ says
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13:28 EDTAAPLApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
October 24, 2014
16:54 EDTAAPLMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:02 EDTAAPLOptions Update; October 24, 2014
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15:57 EDTAAPLRoku planning to file an IPO, CNBC reports
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13:31 EDTGSKEbola vaccine testing could begin in December, NY Times says
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12:08 EDTAAPLApple iTunes music sales said to be down over 13%, WSJ reports
Apple's digital music sales via iTunes are down 13%-14% this year-to-date compared to last, according to The Wall Street Journal, citing people familiar with the matter. For context, the report notes that the International Federation of the Phonographic Industry estimates global revenue from downloads fell 2.1% in 2013. Reference Link
09:36 EDTAAPLActive equity options trading on open
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06:49 EDTAZNPfizer repurchase could squash AstraZeneca bid goal, Reuters says
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06:38 EDTGEEU sets emissions, renewable energy targets, NY Times says
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06:19 EDTAAPLFoxconn could build new display plant in China, WSJ reports
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06:16 EDTAAPLApple implied volatility of 20 at lower end of index mean range
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06:07 EDTAAPLApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
16:21 EDTGSKFive Prime announces expansion of respiratory disease research collaboration
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16:00 EDTAAPLOptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
10:01 EDTGSKOn The Fly: Analyst Upgrade Summary
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09:39 EDTAAPLActive equity options trading on open
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09:22 EDTAAPLNike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
09:19 EDTAAPLGT Advanced to wind down operations at Mesa facility
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06:56 EDTAAPLSupply chain set to deliver 50M units of iPhone 6 in 2014, Digitimes says
Due to strong demand for Apple's iPhone 6, Pegatron and Foxconn will likely deliver close to 25M units each before the end of 2014, reports DigiTimes. The estimates do not includ eshipments of the iPhone 6 Plus. According to sources from the upstream supply chain, the supply ratio of the iPhone 6 and the iPhone 6 Plus in Asia Pacific countries is about 55:45 currently. Reference Link
06:49 EDTAAPLApple may raise payments to accelerate iPhone 6 Plus production, DigiTimes says
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06:30 EDTAAPLApple to increase Apple-brand retail stores in China to 40, WSJ reports
Apple CEO Tim Cook told Sina.com that the company plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, the Wall Street Journal reports. Cook also says Apple will increase investment in the country by an unspecified amount. Reference Link
06:05 EDTAAPLApple defeats GPNE civil patent suit, Re/code reports
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05:27 EDTGSKGlaxoSmithKline upgraded to Overweight from Equal Weight at Barclays
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October 22, 2014
16:00 EDTAAPLOptions Update; October 23, 2014
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15:19 EDTAAPLBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
14:43 EDTGSKTheravance drops after partner announces restructuring, posts abstracts
Shares of Theravance, (THRX) a biopharmaceutical company that has economic ties to GlaxoSmithKline (GSK), are lower in afternoon trading after Glaxo reported restructuring plans. Additionally, Theravance disclosed last night that GSK is scheduled to present data from Phase 3 studies at an upcoming medical conference. CHEST 2014 in Austin, Texas, to be held from October 25-30. WHAT'S NEW: Earlier today, GlaxoSmithKline announced it intends to refocus its global pharmaceuticals business and cost base following the divestment of its oncology products and the changed dynamics now faced in the U.S. respiratory market. Theravance has strategic alliances with GlaxoSmithKline in respiratory products. Also, Theravance disclosed last night that Glaxo is scheduled to present data from Phase 3 studies at CHEST 2014, which is being held from October 25-30. Umeclidinium/Vilanterol, a once-daily combination treatment comprising two bronchodilators in Theravance's ELLIPTA inhaler, and Fluticasone Furoate/Vilanterol, a once-daily combination of a LABA and inhaled corticosteroid, have been developed under a collaboration pact between Glaxo and Theravance. Abstracts of the planned oral presentations can be found in the CHEST Journal, Theravance noted in its filing. PRICE ACTION: In afternoon trading, shares of Theravance fell 10.25% to $16.73.
13:28 EDTAAPLApple to bring Apple Pay to iAd, DigiDay reports
Apple plans to bring Apple Pay ti iAd, its mobile ad network, reports DigiDay. According to those familiar with the developments, a new feature would integrate Apple Pay and iAd mobile ad network in the form of a tap-to-buy button embedded in mobile ads. Reference Link
13:19 EDTAAPLApple CEO, China discuss protection of users' information, Xinhua says
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13:14 EDTAAPLMarathon Patent Group files patent fringement lawsuits against Apple, Amazon
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12:53 EDTAAPLSome BofA customers charged twice by Apple Pay, CNN Money reports
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
09:21 EDTGSKOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
08:39 EDTGESiemens sees catching up with rivals on sales growth in 2018, Reuters reports
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07:49 EDTGSKGlaxoSmithKline sees FY14 dividend to rise 3% to 80p, 2015 dividend flat
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07:48 EDTGSKGlaxoSmithKline announces restructuring program for pharmaceuticals business
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07:46 EDTGSKGlaxoSmithKline to explore IPO of minority shareholding in ViiV Healthcare
Glaxo announced "further significant steps" within its Pharmaceuticals business to realize value for shareholders and deliver improved operational performance. Glaxo stated: "Five years ago, we created ViiV Healthcare, a new standalone global business focused on development of treatments for HIV. This has been a highly innovative and successful venture with our equity partners Pfizer and Shionogi. The business has made very significant progress in both R&D and commercial execution, culminating in the recent successful launches of Tivicay and Triumeq. We believe now is the right time to explore the potential for an IPO of a minority shareholding in this business. This will provide greater visibility of the intrinsic value we see in its currently marketed assets and future pipeline and also enhance potential future strategic flexibility."
07:44 EDTGSKGlaxoSmithKline backs FY14 view for core EPS 'broadly similar' to FY13
GlaxoSmithKline (GSK) continues to expect full year 2014 core EPS to be broadly similar to 2013 at CER and on ex-divestment basis. Glaxo says its proposed 3-part transaction with Novartis (NVS) is on track for completion in 1H15.
07:42 EDTGSKGlaxoSmithKline reports Q3 core EPS 27.9p, up 5% CER ex-divestments
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07:35 EDTAZNCardiometabolic Health Congress to hold annual meeting
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06:41 EDTAAPLReport says Apple head, Chinese official discussed data security, Reuters says
A report from Chinese news agency Xinhua explained that Apple CEO Tim Cook met with a top government official in the country to talk about user data security, according to Reuters, citing the report. The meeting occurred right after a Chinese web monitoring agency published a report which claimed that Apple clients in the country have been the target of a cyber attack from hackers. Reference Link
06:41 EDTGSKWHO fast-tracking testing of two Ebola vaccines, Guardian reports
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06:16 EDTAAPLApple implied volatility of 21 at lower end of index mean range
October 21, 2014
19:34 EDTAAPLGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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18:33 EDTAAPLIcahn reiterates view that high-yield market is a bubble
Says the Fed has given the economy, or the patient, "too much medicine." Says market should not be shorted. Again, says Apple (AAPL) CEO Tim is a "great CEO." Says Apple pay has a great future. Says Ebay (EBAY) is like his past campaign at Motorola. Reiterates view that Ebay should explore Paypal sale right now. Says Dell is on his radar screen. Says Warren Buffet sometimes too easy on companies, should do more on corporate governance. Again, says has never sold a share of Herbalife (HLF). Says Western Europe has "major problems," and continues to be short the Euro. Says energy stocks "getting cheap." Carl Icahn is speaking on Bloomberg TV.
17:23 EDTAAPLCarl Icahn says investment in Apple 'no brainer'
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16:36 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
16:00 EDTAAPLOptions Update; October 21, 2014
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14:04 EDTAAPLEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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13:43 EDTAAPLApple says iCloud attack involves website, servers not comprised
Apple told CNBC that its aware of network attacks on iCloud users and that its servers were not compromised. The attacks involved the iCloud.com website.
13:09 EDTAAPLEarnings Preview: AT&T to benefit from strong iPhone 6 demand, Wells Fargo says
AT&T (T) is expected to report third quarter earnings after the market close on Wednesday, October 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 64c on revenue of $33.24B, according to First Call. The consensus range for EPS is 59c-66c on revenue of $31.77B-$34.34B. LAST QUARTER: AT&T reported second quarter EPS of 62c against estimates for 63c on revenue of $32.6B against estimates for $33.22B. On its Q2 earnings report, the company forecast FY14 EPS growth at the low end of a mid-single digit range, compared to consensus of $2.62. It sees: FY14 consolidated revenue growth in the 5% range, versus consensus $133.93B; FY14 free cash flow in the $11B range; FY14 capital expenditures remaining in the $21B range. In Q2, AT&T reported the following: total branded smartphone net adds, both postpaid and prepaid, of 576,000; total branded tablet net adds of 250,000; 366,000 postpaid tablet net adds; postpaid churn of 0.86%. On September 25, DirecTV (DTV) stockholders voted overwhelmingly to approve DIRECTV’s proposed merger with AT&T. STREET RESEARCH: Street research has been light in the weeks leading up to AT&T's Q3 earnings report. On September 15, Wells Fargo said AT&T should particularly benefit from strong Apple (AAPL) iPhone 6 demand. After Apple reported that over 4M iPhone 6 units were pre-ordered in the first 24 hours of eligibility, Wells Fargo said that it believed strong demand for the phones will be positive for all of the wireless carriers, but particularly for AT&T because of its strategic decision to focus on its early upgrade "Next!" program. The firm maintained its Outperform rating on AT&T. PRICE ACTION: AT&T’s shares have fallen approximately 4% since the company's Q2 report, but they did manage to make a 52-week high of $37.48 in late July. In afternoon trading ahead of tomorrow’s Q3 report, AT&T’s shares are up 0.5%.
12:57 EDTAAPLOn The Fly: Midday Wrap
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12:36 EDTAAPLNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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12:09 EDTAAPLEinhorn says Apple 'pretty much working on all cyliinders'
David Einhorn of Greenlight Capital is speaking on CNBC.
11:26 EDTAAPLMcDonald's sees U.S. dollar hurting Q4 EPS by 5c-6c, FY14 EPS by 9c-10c
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11:04 EDTGSKGlaxoSmithKline receives orphan status for dabrafenib
The FDA granted GlaxoSmithKline orphan status for dabrafenib, its possible treatment of patients with BRAF mutation positive non-small cell lung cancer.
10:29 EDTAAPLGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
09:15 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
08:35 EDTAAPLOn Track Innovations, USA Technologies ready for Apple Pay
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08:09 EDTAAPLEnvivio puts Halo over full Apple product line
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07:59 EDTAAPLApple price target raised to $120 form $115 at Canaccord
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07:45 EDTAAPLApple price target raised to $128 from $112 at BTIG
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07:17 EDTAAPLApple price target raised $120, iPhone 6 cycle to continue, say Barclays
Barclays raised Apple's price target to $120 from $116 and raised estimates following the Q4 beat. The firm expects the iPhone 6 cycle to drive earnings acceleration over the next several quarters before new products become growth drivers. The firm sees margin upside given mix shift towards the iPhone 6 and expects new services to be a meaningful contributor in 2015. Shares are Overweight rated.
07:15 EDTAZNFDA to hold workshop on breast cancer drug development
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07:06 EDTGSKFierce Biotech to hold a breakfast meeting
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06:49 EDTAAPLApple price target raised to $143 from $123 at Cantor
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06:21 EDTAAPLApple shares expected to be range bound at Deutsche Bank
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06:16 EDTAAPLApple not planning to report sales of smartwatch, WSJ reports
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06:12 EDTAAPLApple to supply more iPhone 6 Plus to satisfy China demand, DigiTimes reports
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06:10 EDTAZNInovio, MedImmune, UPENN awarded $12.2M collaborative study by DARPA
Inovio Pharmaceuticals (INO) announced the Defense Advanced Research Projects Agency, or DARPA, has awarded $12.2M for a collaborative study that will be conducted by scientists from the Perelman School of Medicine at the University of Pennsylvania; Inovio Pharmaceuticals; and MedImmune, the global biologics research and development arm of AstraZeneca (AZN). The group will develop DNA-based monoclonal antibodies, or mAbs, for infectious disease treatment. DARPA is an agency of the US Department of Defense that creates and supports novel technologies important for national security. Together, the three organizations will develop and assess the DNA mAbs in preclinical studies using technology developed by Penn and licensed by Inovio. The collaboration will focus on three disease areas – influenza virus, Pseudomonas aeruginosa and Staphylococcus aureus.
06:05 EDTAAPLApple guidance shows product theme intact, says Piper Jaffray
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October 20, 2014
19:59 EDTAAPLApple iCloud may have been attacked by Chinese hackers, Reuters reports
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18:51 EDTAAPLOn The Fly: After Hours Movers
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18:36 EDTAAPLChipotle considering Apple Pay support in 2015
Comment was made in Q3 earnings call.
18:22 EDTAAPLSkyworks Solutions, Cirrus Logic, others higher after Apple reports Q4 results
The following stocks are moving higher in the after hours following Apple's Q4 results: ARM Holdings (ARMH) is up 1.1%, Skyworks Solutions (SWKS) is higher by 2.2% ,NXP Semiconductors (NXPI), up 2.28%,Cirrus Logic (CRUS) is up 2%, RF Micro Devices (RFMD) gains 1.53% and Avago Technologies (AVGO) is up 1.17%.
18:07 EDTAAPLApple CEO says only 20% of its phones sold in China are with subsidy
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17:39 EDTAAPLApple CEO says 'We’re selling everything we make'
17:31 EDTAAPLApple CFO says strengthening U.S. dollar becoming 'significant' headwind
17:27 EDTAAPLApple CEO says Apple Pay will help company sell more devices
17:17 EDTAAPLApple spent $17B in Q4 on returning money to shareholders
The company spent $45B in the last year on returning money to shareholders.
17:14 EDTAAPLApple CFO says iPhone sales grew in emerging markets
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17:06 EDTAAPLApple says Q4 revenue growth rate strongest in seven quarters
17:04 EDTAAPLApple CEO says demand for new iPhone 'staggering'
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16:36 EDTAAPLApple CEO says product lineup 'strongest' ever into holiday
Apple CEO Tim Cook said in today's earnings release, "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."
16:34 EDTAAPLApple shares up 1% to $101 following Q4 results
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16:34 EDTAAPLApple declares Q4 dividend of 47c
Apple’s board has declared a cash dividend of 47c per share of the company’s common stock. The dividend is payable on November 13, to shareholders of record as of the close of business on November 10.
16:33 EDTAAPLApple reports Q4 gross margin 38% vs. 37% last year
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16:33 EDTAAPLApple reports Q4 iPhone units 39.27M vs. 35.2M last quarter
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16:31 EDTAAPLApple sees Q1 revenue $63.5B-$66.5B, consensus $63.52B
Sees Q1 gross margin 37.5%-38.5%, operating expenses between $5.4B-$5.5B and tax rate of 26.5%.
16:30 EDTAAPLApple reports Q4 EPS $1.42, consensus $1.31
Reports Q4 revenue $42.1B, consensus $39.85B.
16:14 EDTAAPLGroupon updates IPhone app to include Apple Pay
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16:00 EDTAAPLOptions Update; October 20, 2014
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15:30 EDTAAPLNotable companies reporting after market close
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14:53 EDTAAPLAmerican Express announces availability in Apple Pay
American Express (AXP) announces availability in Apple (AAPL) Pay, "the easy, safe and private way to pay with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3." Apple Pay will be available for eligible U.S. Consumer and OPEN American Express Card Members. Reference Link
14:50 EDTAAPLApple October weekly 99 straddle priced for 4.3% move into Q4
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14:02 EDTGEGeneral Electric wins avionics, power systems for Gulfstream's G500/G600
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14:00 EDTAAPLEarnings Preview: Apple to report after iPhone 6, iPad Air 2 announcements
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13:37 EDTAAPLApple may look to cut prices for Beats Music service by half, Re/code reports
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12:32 EDTAAPLCooperman says still owns Apple, analyst says buy more
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11:49 EDTAAPLSprint to offer iPad Air 2, iPad mini 3
Sprint (S) announced that it will offer iPad Air 2 with Wi-Fi + Cellular (AAPL) and iPad mini 3 with Wi-Fi + Cellular later this week. iPad Air 2 is the first tablet from Apple to connect to Sprint Spark, an enhanced LTE service with the added capacity to greatly improve the performance of video and other bandwidth-intensive applications. iPad mini 3 will connect to Sprint’s 4G LTE network. Customers can add iPad Air 2 or iPad mini 3 to their Sprint Family Share Pack for an access charge of $10 per month per line. Through December 2015, Sprint will waive the $10 monthly access charge on iPad Air 2 or iPad mini 3 added as new lines of service to any Sprint Family Share Pack 20GB or higher.
11:08 EDTAAPLApple October weekly volatility elevated into Q4
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11:06 EDTAAPLWalgreen begins accepting Apple Pay in stores
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10:55 EDTAAPLApple technical comments ahead of earnings
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09:36 EDTAAPLActive equity options trading on open
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09:27 EDTAAPLDexCom announces Dexcom SHARE FDA approval
Dexcom (DXCM) announced that it has received U.S. Food and Drug Administration approval for its CGM remote mobile communications device, Dexcom SHARE. With Dexcom SHARE, parents and personal caregivers can monitor a person's glucose data from a remote location via an Apple (AAPL) iPhone, or iPod touch.
09:09 EDTGSKEMA encourages applications for orphan designation for Ebola treatments
The European Medicines Agency encourages developers of treatments or vaccines against Ebola to apply for orphan designation. Applications for orphan designation of Ebola medicines will be treated as a priority and EMA has committed to fast-tracking their evaluation, the regulator announced. Drug companies that are working on experimental Ebola vaccines and treatments include Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX), NewLink Genetics (NLNK) and GlaxoSmithKline (GSK).
09:01 EDTAAPLOffice Depot stores now accept Apple Pay
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08:44 EDTAAPLIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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08:32 EDTAAPLFirst Tennessee to offer Apple Pay
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08:10 EDTGEGE Capital unit provides $45M credit facility to Bennett Hospitality
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08:09 EDTGEGE Capital is administrative agent on $50M financing for Bird Electric
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08:00 EDTAAPLApple Pay now available to Whole Foods Market customers
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07:47 EDTAZNPfizer less likely to renew Astra pursuit after Shire deal breakdown, FT says
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07:28 EDTGEGeneral Electric recent weakness a buying opportunity, says Argus
Argus said General Electric's price weakness offers a buying opportunity given strong new order trends, growing backlog of booked business, and reduced exposure to the financial services industry. Shares are Buy rated with a $31 price target.
07:19 EDTGSK, AZNIBC Life Sciences to hold a conference
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07:14 EDTAZNEuropean College of Neuropsychopharmacology to hold a conference
27th ECNP Congress is being held in Berlin, Germany on October 18-21.
06:37 EDTAAPLApple not planning to make touchscreen desktop computers, CNet reports
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05:38 EDTGEAres Management, GE Capital announce EUR 1B in commitments through ESSLP JV
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October 19, 2014
20:41 EDTAAPLMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
October 17, 2014
16:55 EDTAAPLStocks end volatile week lower amid oil price plunge
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16:17 EDTGEOn The Fly: Closing Wrap
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16:01 EDTAAPLOptions 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.
14:50 EDTGSKBARDA asks labs to ramp up Zmapp production, Reuters says
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12:52 EDTGEOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday, as the averages bounce back following steep declines in several recent sessions. Better than expected earnings from General Electric (GE) and Morgan Stanley (MS), a rebound in European stock markets and a stronger than expected reading on U.S. consumer confidence may all be contributing to the brightened mood evidenced by today's trading. ECONOMIC EVENTS: In the U.S., housing starts rebounded 6.3% to a 1.017M pace in September, beating expectations for a monthly increase of 4.6%. Building permits increased 1.5% to a 1.018M rate, which was below the expected 2.3% rise. The first release on the University of Michigan's consumer sentiment index for October came in at 86.4, versus expectations for a decline to 84.0 from the prior 84.6 reading. COMPANY NEWS: General Electric shares rose over 3% after the company reported better than expected third quarter profit and nearly in-line revenues. Morgan Stanley, whose quarterly results also topped Street expectations, advanced 2.5%. MAJOR MOVERS: Among the notable gainers was Westmoreland Coal (WLB), which gained 23% after it stuck a deal to acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. Afterward, Brean Capital raised its price target on Westmoreland to $60, noting the announcement represents an entry into the MLP space. Also higher were shares of Textron (TXT), which advanced 11% after the aircraft and defense company reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. Among the noteworthy losers was Urban Outfitters (URBN), which dropped 13% and was downgraded by at least three Street research firms after the owner of Anthropologie and its namesake clothing stores warned that its Q3 earnings may be negatively impacted by continued weakness in its comparable retail sales. Also lower was Myriad Genetics (MYGN), which fell 7% after guiding to lower than expected Q1 adjusted earnings, citing a higher than expected increase in costs to perform its myRisk Hereditary Cancer test following the test's national launch. INDEXES: Near midday, the Dow was up 295.34, or 1.83%, to 16,412.58, the Nasdaq was up 62.43, or 1.48%, to 4,279.82, and the S&P 500 was up 29.48, or 1.58%, to 1,892.24.
11:17 EDTGSKGSK says Ebola vaccine too late for current epidemic, BBC reports
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10:39 EDTGEGeneral Electric rises after results, but faces technical headwinds
The shares are up over 3.4% to $25.07 following results from the company. With the stock trading close to its 52-week low at $23.69, the shares still face major technical headwinds. At current price the stock remains under low-sloping 2-year uptrend line. It would take a move above $26.50 to put shares back on a long-term bullish path. Support is at $24.46.
09:38 EDTAAPLActive 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."
09:20 EDTGEGeneral Electric says Alstom deal progressing on schedule
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09:17 EDTGEOn The Fly: Pre-market Movers
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09:08 EDTGEGE says U.S. economy 'probably best' its been since financial crisis
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09:05 EDTGEGeneral Electric see GE Capital Q4 earnings about $1.8B
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08:55 EDTGEGeneral Electric backs view of 300 GENx units shipped for year
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08:54 EDTGEGeneral Electric says Oil & Gas orders volatile, some pushed out
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08:41 EDTGEGeneral Electric reports Q3 orders up 22% to $31.4B, backlog $250B
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08:36 EDTGEGE CEO sees 2014 Industrial organic growth at high-end of framework
General Electric Chairman and CEO Jeff Immelt speaking on the company's Q3 earnings conference call.
07:53 EDTAAPLFBI 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
07:19 EDTAAPLApple 'extremely well' positioned into holiday season, says Cantor
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07:15 EDTGEGE repeats view for FY14 revenue flat to up 5%, consensus $148.89B
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06:37 EDTGEGeneral Electric on track to close sale of GE Money Bank in Q4
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06:36 EDTGEGeneral Electric on track to meet goal or $1B in structural cost-out for year
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06:36 EDTGEGeneral Electric targets complete exit from Synchrony Financial in late 2015
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06:35 EDTGEGeneral Electric reports Q3 industrial segment growth of 9% to $4.3B
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06:34 EDTAAPLApple iPad refresh in-line with expectations, says Deutsche Bank
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06:34 EDTGEGeneral Electric reports Q3 EPS 38c, consensus 37c
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06:24 EDTAAPLGlobal notebook shipments estimated at over 45M units, Digitimes Research says
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06:14 EDTAAPLApple debuts iPhone 6 in China, WSJ reports
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06:13 EDTAAPLLVMH 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 LVMH’s 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
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