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Stock Market & Financial Investment News

News For GOOG;DISH;T;VZ;SNE;PC;KBSTY;GE;SSNLF;AAPL;UAL From The Last 14 Days
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November 26, 2014
05:21 EDTSSNLFSamsung sells stake in Samsung Techwin to Hanwha for KRW 661B
The board of Samsung Electronics authorized the sales of equity assets in Samsung Techwin to Hanwha Corporation. Samsung Techwin is an affiliate company in Samsung Group. Samsung Electronics plans to sale a total of 13.53M shares for KRW 661B. The effective date of asset transfer is November 26, 2014. The asset transfer will be executed sequentially and closed-out by June 2015. The purpose of asset sale is secure capital resources for investments in new businesses and to strengthen the company’s core competency. Reference Link
05:18 EDTSSNLFSamsung to sell stake in Samsung General Chemicals to Hanwha for KRW 100B
The board of Samsung Electronics authorized the sales of equity assets in Samsung General Chemicals to Hanwha Chemical Corporation and Hanwha Energy Corporation. Samsung General Chemicals is an affiliate company in Samsung Group. Samsung Electronics plans to sale a total of 3.02M shares for KRW 100B. The effective date of asset transfer is 26 November 2014. The asset transfer will be executed sequentially and closed-out by June 2015. The purpose of asset sale is to secure capital resources for investments in new businesses and to strengthen the Company’s core competency. Reference Link
November 25, 2014
19:17 EDTSSNLFSamsung to sell chemical, defense units to Hanwha for 1.9T Won, Bloomberg says
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19:00 EDTDISHCBS says short term extension for DISH negotiations granted, Bloomberg reports
The extension has been granted into next week, Bloomberg added.
16:02 EDTAAPLApple Tesla Twitter Facebook Netflix
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15:35 EDTGEFederal Reserve proposes enhanced standards for regulation of GE Capital
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14:29 EDTGOOGGoogle volatility at low end of historic range
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13:24 EDTAAPLApple volatility low as shares near record high
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13:16 EDTGOOGAngie's List retreats after Amazon reportedly launches local services site
Shares of Angie's List (ANGI) are sinking after The Wall Street Journal reported this morning that Amazon.com (AMZN) had launched a website that will connect consumers to local service providers. Angie's List connects users to local contractors and publishes consumers' reviews of contractors. WHAT'S NEW: Amazon.com launched its website featuring information about local contractors in New York, Los Angeles, and Seattle, The Journal reported, citing an unnamed source who was briefed on the company's plan. Called Amazon Local Services, the website is part of the e-commerce giant's attempt to compete with traditional stores, The Journal said. WHAT'S NOTABLE: Reuters reported last June that Amazon planned to launch a local services website. Last month, research firm Wunderlich said that Angie's List could be a logical takeover target for Amazon or eBay (EBAY). Wunderlich issued its note after The Financial Times reported that Angie's List had hired bankers to help it explore strategic options, including a possible sale of the company. ANALYST REACTION: In a note to investors today, Robert W. Baird analyst Colin Sebastian wrote that Amazon's service should be appealing to users searching for local services or shopping for products that have to be serviced. Moreover, service providers should also find value in Amazon's website, Sebastian stated. Service providers will only have to pay Amazon a share of the revenue they receive from customers they obtain from the website, the analyst wrote. Also, Amazon's popularity will enable it to bring meaningful amounts of business to the service providers, Sebastian wrote. He kept a $340 price target and Outperform rating on Amazon shares. Sebastian also noted that the market is increasingly competitive, with Groupon (GRPN) and Yelp (YELP) among the other public companies in the space, and he said he expects Facebook (FB) and Google (GOOG) to build more local services over time. PRICE ACTION: In early afternoon trading, Angie's List fell 4% to $6 and Amazon slid 1% to $332.50.
12:22 EDTSNESony unit to provide consumer refunds to settle FTC charges over misleading ads
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11:58 EDTVZVerizon management to meet with Jefferies
Group luncheon to be held in New York on December 2 hosted by Jefferies.
11:44 EDTAAPLPandora sinks after FBR downgrades to Underperform citing royalty risks
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11:10 EDTGOOG, SSNLF, AAPLWorldwide tablet growth expected to slow to 7.2% in 2014, IDC says
The worldwide tablet market is expected to see a massive deceleration in 2014 with year-over-year growth slowing to 7.2%, down from 52.5% in 2013, according to a new forecast from International Data Corporation (IDC). At the core of this slowdown is the expectation that 2014 will represent the first full year of decline in Apple iPad shipments. Both the iPad and the overall market slowdown do not come as a surprise as device lifecycles for tablets have continued to lengthen, increasingly resembling those of PCs more than smartphones. "The tablet market continues to be impacted by a few major trends happening in relevant markets," said Ryan Reith, Program Director with IDC's Worldwide Quarterly Mobile Device Trackers. "In the early stages of the tablet market, device lifecycles were expected to resemble those of smartphones, with replacement occurring every 2-3 years. What has played out instead is that many tablet owners are holding onto their devices for more than 3 years and in some instances more than 4 years. We believe the two major drivers for longer than expected tablet lifecycles are legacy software support for older products, especially within iOS, and the increased use of smartphones for a variety of computing tasks." Publicly traded companies in the space include Samsung (SSNLF), Apple (AAPL), Google (GOOG), Amazon.com (AMZN) and Barnes & Noble (BKS). Reference Link
10:16 EDTAAPL, GOOGYahoo seeks to replace Google when Apple deal ends next year, Information says
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10:00 EDTGEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
09:40 EDTAAPLApple price target raised to $130 from $115 at Stifel
Stifel earlier today raised its price target for Apple shares to $130 after including the impact of Apple Watch. The firm estimates 2015 Watch units at 19.6M, adding roughly $9.6B in incremental revenue. Stifel sees $13.1B of incremental Watch revenue in 2016 on 27.8M units shipped. It keeps a Buy rating on Apple shares. The stock is up $1.09 to $119.72 in early trading.
09:39 EDTAAPLActive equity options trading
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09:07 EDTAAPLBlackBerry offering rebates on Passport smartphone
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06:21 EDTSSNLFPanel makers look to secure orders from Motorola in 2015, DigiTimes reports
Motorola is assessing new panel makers going into 2015 as it prepares for stronger shipments, reports DigiTimes. Samsung (SSNLF), LG Display (LPL), Taiwan Display and Innolux are all aiming to secure orders from Motorola in 2015. The company is also continuing to focus on emerging markets with an emphasis on promoting entry-level handsets in India and Brazil. Reference Link
06:19 EDTSSNLFSamsung sued by Milk Studios for patent infringement, WSJ reports
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