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Stock Market & Financial Investment News

News For GOOG;MSFT;AAPL;AMZN;RIMM From The Last 14 Days
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January 27, 2015
16:37 EDTAAPLApple reports Q1 gross margin 39.9% vs. 37.9% last year
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16:33 EDTAAPLApple shares jump 5% to $114.50 after Q1 results top estimates
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16:32 EDTAAPLApple reports Q1 iPhone units 74.47M vs. 39.27M last year
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16:31 EDTAAPLApple sold 74.5M iPhones in Q1
16:31 EDTMSFTOn The Fly: Closing Wrap
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16:30 EDTAAPLApple sees Q2 revenue $52B-$55B, consensus $53.79B
Sees Q2 gross margin between 38.5%-39.5%.
16:30 EDTAAPLApple reports Q1 EPS $$3.06, consensus $2.60
Reports Q1 revenue $74.6B, consensus $67.69B.
16:00 EDTAMZN, AAPLOptions Update; January 27, 2015
iPath S&P 500 VIX Short-Term Futures up 1.40 to 32.01. Option volume leaders: AAPL TSLA TWTR AMZN FB MSFT X RIG YHOO C GILD according to Track Data.
15:39 EDTAAPLApple January weekly 110 straddle priced for 5.8% movement into Q1
15:35 EDTAAPLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
14:46 EDTAAPLApple January weekly 113 straddle priced for 6.1% movement into Q1
14:34 EDTAMZNNetflix, Amazon saw increase of 15%-20% in streams during blizzard, CNBC says
Netflix (NFLX) saw an increase of 15% in streaming video, and Amazon (AMZN) saw a rise of 20% in Amazon Prime video in some New England markets during winter storm Juno, CNBC reports, citing Procera Networks. Numbers do not include mobile streaming or New York City market.
14:27 EDTAAPLEarnings Preview: Apple China iPhone sales seen eclipsing U.S. for first time
Apple (AAPL) is set to report first quarter earnings after the market close on Tuesday, January 27, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $2.60 on revenue of $67.69B, according to First Call. The consensus range for EPS is $2.44-$2.97 on revenue of $65.01B-$74.27B. Along with its last earnings report, Apple said it sees Q1 revenue of $63.5B-$66.5B and a gross margin of 37.5%-38.5%. In a note to investors, Piper Jaffray analyst Gene Munster recently raised the firm's iPhone unit expectation to 65M from 61M based on the company reaching supply/demand balance before the end of the quarter. The firm reduced its iPad expectation to 22M from 25M and said it expects Mac sales to be roughly in line with the Street at around 5.3M units. LAST QUARTER: Apple reported fourth quarter EPS of $1.42, which topped the consensus estimate for $1.31. Fourth quarter revenue of $42.1B also beat the $39.85B consensus expectation. Apple reported it sold 39.27M iPhones, 12.32M iPads, 5.52M Macs, and 2.64M iPods in Q4. Apple reported Q4 gross margin of 38%, versus 37% last year, and noted that international sales accounted for 60% of the quarter’s revenue. NEWS: On November 11, Alibaba's (BABA) Executive Vice Chairman Joseph Tsai said the company and Apple were in talks for a potential partnership that would focus on the Chinese market, reported the Wall Street Journal. In an interview, Tsai said, “We are positive about the potential cooperation, but it depends on the details being worked out.” On January 8, Apple announced that the first week of January set a new record for billings from the App Store with customers around the world spending nearly half a billion dollars on apps and in-app purchases, and New Year’s Day 2015 marked the single biggest day ever in App Store sales history. These milestones follow a record-breaking 2014, in which billings rose 50% and apps generated over $10B in revenue for developers, Apple added. Yesterday, the Financial Times reported that Apple is expected to say it sold more iPhones in China than the U.S. for the first time last year. Analysts estimate the turning point in sales came last year after a deal with China Mobile (CHL), the publication added. ANALYST OPINION: On the day after Apple's last earnings report, Cantor Fitzgerald said Apple "executed impressively" in Q4 and provided a strong outlook for Q1. The firm added that it believed investors should "start thinking more boldly" about the company. It raised its price target for shares to $143 and keeps a Buy rating on the stock. Deutsche Bank, meanwhile, said it believed strong near-term growth was largely priced into Apple shares at then-current levels, while catalysts were limited ahead of Apple Watch. The firm expected shares to be range bound and kept a Hold rating on Apple following the company's better than expected Q4 results. On January 13, Credit Suisse analyst Kulbinder Garcha upgraded Apple to Outperform from Market Perform. The company should sell 215M iPhones in both fiscal 2015 and fiscal 2016, Garcha estimated. The same day, Canaccord analyst T. Michael Walkley said surveys showed strong demand and market share gains for the new iPhones. The analyst increased his iPhone estimates for Apple's December quarter, as well as his estimates for the company's overall December quarter results and reiterated a $135 price target and Buy rating on the shares. On January 15, Mizuho downgraded Apple to Neutral from Buy and maintained its $115 price target based on its belief that the risk/reward for the stock was balanced. The firm said it expects solid Q1 results and for the company's March outlook to be in-line with consensus, but expects iPhone sales to decelerate later in the year and for iWatch sales to potentially disappoint. Yesterday, Piper Jaffray said it believes investors are expecting Apple to report 65M-69M iPhone sales for the December quarter. Piper, which thinks the iPhone 6 sales cycle is off to a better than expected start and will be more sustainable than in past cycles, believes Apple's March quarter revenue guidance could imply about 5% upside to Street estimates, which it feels should be enough for the stock to react positively post earnings. Piper reiterated an Overweight rating on Apple with a $135 price target. PRICE ACTION: Shares of Apple advanced about 2.7% on the first day of trade following its Q4 report. Over the last three months, shares of Apple are up a bit over 5%. In afternoon trading ahead of its Q1 report tonight, Apple was down almost 2% to just over $111 per share.
14:08 EDTAAPLApple leader of smartphone market in China, Reuters reports
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13:35 EDTAAPLApple technical comments ahead of earnings
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13:16 EDTGOOGGoogle confirms Google Fiber coming to Atlanta, Charlotte, two other cities
Google said in a blog post, "It’s been nearly five years since we offered to build a fiber-optic network in one U.S. city as an experiment — and were met with overwhelming enthusiasm. Now, Google Fiber is live in Kansas City, Provo and Austin, and we've started to see how gigabit Internet, with speeds up to 100 times faster than today’s basic broadband, can transform cities. It can give them new platforms for economic development and new ways of using technology to improve life for their citizens. And, around the country, it seems to be catching on... Today, we’re happy to announce that Google Fiber is coming to 18 cities across four new metro areas: Atlanta, Charlotte, Nashville, and Raleigh-Durham. We can’t wait to see what people and businesses across the Southeast U.S. do with gigabit speeds." Google adds, "We’re also continuing to explore bringing fiber to five additional metro areas—Phoenix, Portland, Salt Lake City, San Antonio and San Jose, and will have updates on these potential Fiber cities later this year." Reference Link
12:28 EDTMSFTOn The Fly: Midday Wrap
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12:21 EDTAMZNAmazon.com volatility elevated into Q4 and outlook
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11:14 EDTMSFTMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giant’s commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
11:07 EDTAMZNAmazon.com shares pricing in soft margin outlook, says Piper Jaffray
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