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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:41 EDTGOOG, AAPL, MSFT, BBRY, NOKIDC sees worldwide smartphone shipments reaching 1.2B units in 2014
According to a recently published mobile phone forecast from the International Data Corporation Worldwide Quarterly Mobile Phone Tracker, worldwide smartphone shipments will reach a total of 1.2 billion units in 2014, marking a 23.1% increase from the 1.0 billion units shipped in 2013. From there, total volumes will reach 1.8 billion units in 2018, resulting in a 12.3% compound annual growth rate from 2013–2018. Looking forward, IDC expects Android (GOOG) to lose a minimal amount of share over the forecast period, mainly as a result of Windows Phone (MSFT) growth. Android has been, and will continue to be, the platform driving low-cost devices. ASPs of Android smartphones were well below market average in the first quarter of 2014 and are expected to be $254 for full year 2014, dropping to $215 in 2018. Growth of Android phones is expected to outpace the market in 2014, rising 25.6% with volume just shy of 1 billion units. IDC expects share of iOS (AAPL) to drop from 14.8% in 2014, to 13.7% in 2018. In 2014, Windows Phone volumes are expected to grow 29.5% over 2013, reaching 43.3 million shipments. IDC continues to reduce its BlackBerry (BBRY) forecast across the board with volumes expected to drop 49.6% in 2014, equivalent to 9.7 million units. Looking forward, volumes are expected to continue to decline to 4.6 million units in 2018.
News For GOOG;AAPL;MSFT;BBRY;NOK From The Last 14 Days
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October 7, 2014
08:03 EDTGOOGVonage announces appointment of Alan Masarek as CEO
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07:48 EDTGOOG, MSFTU.S. Chamber of Commerce to hold a discussion
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07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
06:14 EDTAAPLSamsung may find difficulty competing with TSMC for Apple chips, DigiTimes says
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06:11 EDTAAPLApple adjusts supply ratio for iPhone 6 and iPhone 6 Plus, DigiTimes reports
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06:09 EDTAAPLApple 12-inch tablet may integrate both Mac OS and iOS, DigiTimes reports
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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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06:06 EDTAAPLApple reinstated with a Buy at BofA/Merrill
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October 6, 2014
16:33 EDTBBRYBlackBerry initiated with an In-Line at Imperial Capital
Imperial Capital started shares of BlackBerry with an In-Line rating, saying investors are likely to remain on the sidelines pending greater visibility into the company's software and value-added services strategy. The firm put a $10 price target on the stock. Shares closed the day up 4c to $9.53.
16:20 EDTAAPLOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
16:00 EDTAAPLOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:01 EDTAAPLGT Advanced bankruptcy implies breakdown with Apple, says Raymond James
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11:41 EDTAAPLSolar companies sink after GT Advanced declares bankruptcy
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10:38 EDTAAPLApple's iPhone 6, 6 Plus to launch in India on October 17, Times of India says
Apple's iPhone 6 and iPhone 6 Plus will be available in India beginning Friday, October 17 through authorized resellers, the Times of India reports. Pre-orders for the devices start on October 7. The 16GB version o the iPhone 6 will be available at Rs 53,500, the 64GB version is priced at Rs 62,500 and the 128GB version of the phone will sell for Rs 71,500; the 16GB version of the iPhone 6 Plus will be available for Rs 62,500, while the 64GB version will cost Rs 71,500 and the 128GB version will sell for Rs 80,500. Reference Link
09:37 EDTAAPLActive equity options trading on open
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07:42 EDTAAPLSkyworks well positioned to benefit from iPhone upgrade cycle, says Canaccord
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07:34 EDTAAPLApple updates software to protect against iWorm bug, MacRumors reports
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07:16 EDTAAPLiOS 8 adoption appear slower than its predecessors, 9to5Mac reports
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06:25 EDTAAPLiPhone 6 chip orders to remain high in 1Q15, DigiTimes reports
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06:21 EDTMSFT, GOOGMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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