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Stock Market & Financial Investment News

News For GOOG;AAPL;NOK;P;AMZN From The Last 14 Days
Check below for free stories on GOOG;AAPL;NOK;P;AMZN the last two weeks.
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April 24, 2014
13:49 EDTAMZNAmazon testing own delivery network, WSJ says
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13:42 EDTAAPLApple volatility at record low on Q2, iPhone sales, buyback, dividend, split
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13:37 EDTPPandora shares recommended into tonight's report at Pacific Crest
Pacific Crest believes comment's from Nielsen's (NLSN) conference call indicate the company will start rating Pandora (P) this summer. The firm views this as a positive since traditional media Ad buying is based on Nielsen data. The analyst expects a strong report tonight and for Ad sales to hit the high end of estimates of $136M.
13:24 EDTGOOGGoogle+ chief Vic Gundotra to depart the company, Re/code reports
Vic Gundotra, the head of Google+, is leaving the company, Re/code reports, citing a company spokesperson and an internal memo from Google CEO Larry Page. Gundotra's departure is immediate. Page says the company will continue to invest in Google+, and sources say he has picked David Bresbis to replace Gundotra. Reference Link
13:03 EDTAMZNEarnings Preview: Amazon shares dropped 17.2% since last earnings report
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12:50 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following reports from some of the biggest names in technology and ahead of reports tonight from several other tech giants. The averages opened in positive territory, with the tech-heavy Nasdaq up more than 1% soon after the opening bell. The index was unable to hold its early gains and moved into negative territory, taking the other major averages with it. The indexes were able to keep their losses to a minimum and eventually regrouped and made it back onto positive ground, where they stood near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 24K from the prior week to 329K in the week ended April 19, which was above the 315K consensus forecast of analysts, though there may have been some impact from Easter as the Bureau of Labor Statistics noted difficulty adjusting the data around the holiday. Durable goods orders rose 2.6% in March, beating the 2.0% increase that was forecast. Outside the U.S., Russia said it launched military exercises along the Ukrainian border after Ukrainian forces killed pro-Russian militants. COMPANY NEWS: Shares of Apple (AAPL) advanced more than 8% after the company reported significantly better than expected quarterly earnings and sales, particularly sales of its iPhone. Apple also announced a 7-for-1 stock split that will take effect in June, along with an 8% increase in its quarterly dividend and a $30B increase in its share repurchase authorization. Following last night's report, CLSA upgraded its rating on Apple shares to Buy from Outperform and raised its price target for the stock to $695 from $610, while Jefferies recommended "aggressively" buying shares following the Q2 results and outlook for Q3... Another tech giant, Facebook (FB), also reported earning and revenue that topped expectations last night, sending its shares higher in after-hours trading and prompting a number of price target hikes among Street analysts. However, Facebook also announced that its CFO David Ebersman will step down, to be succeeded by David Wehner, who is currently the company's Vice President of Corporate Finance and Business Planning. The social network operator traded on both sides of the flat-line this morning, but was up a bit over 1% at midday... Shares of General Motors (GM) fell about 2% after the company reported profits that narrowly edged out expectations but revenues that fell short of expectations. GM said its core operating performance has been on plan for the year CEO Mary Barra said the company has seen "no meaningful slowdown" in its U.S. sales despite the negative publicity related to its ongoing ignition switch recall and associated legal matters. MAJOR MOVERS: Among the notable gainers was orthopedic device maker Zimmer Holdings (ZMH), which climbed 11% after it agreed to merge with privately held Biomet in a cash and stock transaction valued at about $13.35B, including the assumption of net debt. Also higher following their earnings reports were Citrix Systems (CTXS), which rose 10%, D.R. Horton (DHI), which gained more than 7%, and Aetna (AET), which advanced 6%. Among the noteworthy losers was chip making giant Qualcomm (QCOM), which slid 3.5% despite reporting profits that beat expectations and raising its yearly EPS outlook, as the company also disclosed the receipt of a notice from the SEC about a potential filing of an enforcement action against the company related to anti-bribery violations. Also lower following their earnings reports were Xilinx (XLNX), which fell about 9%, Raytheon (RTN), which dropped 4%, and Hershey (HSY), which also declined about 4%. INDEXES: Near midday, the Dow was up 19.49, or 0.12%, to 16,521.14, the Nasdaq was up 25.91, or 0.63%, to 4,152.87, and the S&P 500 was up 5.35, or 0.29%, to 1,880.74.
12:25 EDTAAPLApple shares cheap, Netflix expensive, Barron's reports
While Apple (AAPL) and Netflix (NFLX) both reported better than expected profit this week, Apple's shares look cheap based on strong cash generation. Netflix, on the other hand, had strong growth, but only generated a small cash profit, and therefore looks pricey, according to Barron's. Reference Link
10:00 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:45 EDTPPandora management to meet with Needham
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09:45 EDTAAPLActive equity options trading on open
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09:00 EDTAAPLApple price target raised to $610 from $565 at BMO Capital
BMO Capital increased its price target on Apple after the company reported stronger than expected results. The firm says it increased its target because it now expects the company to introduce wearable products by the end of the year, and it had not included those products in its outlook previously. BMO Capital keeps an Outperform rating on the stock.
08:59 EDTAAPLOn The Fly: Pre-Market Movers
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08:00 EDTAMZNAmazon.com recent pullback a buying opportunity, says Topeka
Topeka would use the recent pullback in Amazon.com to buy shares given 20% revenue growth, increasing returns on capital, margin expansion and free cash flow growth. The firm expects Thursday's Q1 report to be inline on revenues, outperform on CSOI and gross margins to expand +200bps. Shares are Buy rated with a $450 price target.
07:44 EDTAAPLApple shares recommended at Morgan Stanley
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07:30 EDTAAPLNasdaq futures poised to pull the market higher
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07:28 EDTAAPLQualcomm price target raised to $89 from $83 at Brean Capital
Brean Capital raised its price target on Qualcomm (QCOM) following mixed Q2 results. The firm cited expectations for a strong second half due to an Apple (AAPL) upgrade cycle and LTE. The firm would use any dip to buy the shares. Shares are Buy rated.
07:27 EDTAMZNAmazon.com April weekly volatility increases into Q1 and profit outlook
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07:22 EDTAMZNAmazon asking Prime Pantry customers to pay for some deliveries, Re/code says
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07:15 EDTAAPLJefferies recommends 'aggressively' buying shares of Apple
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07:05 EDTAAPLApple Q2 results, guidance positive, says Stifel
Stifel keeps a $650 price target and Buy rating on Apple.
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