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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:45 EDTGPRO, BBY, GOOG, AAPLAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
News For GPRO;BBY;GOOG;AAPL From The Last 14 Days
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October 13, 2014
07:22 EDTGOOGSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
06:44 EDTGOOGGoogle testing feature that allows video chats with doctors, Engadget reports
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06:44 EDTGOOGGoogle could announce new Nexus tablet on October 15, 9to5Google reports
Google's new Nexus tablet may be announced on Wednesday, October 15, 9to5Google reports, citing Bright Side of News. The HTC-made tablet is rumored to cost $400. Reference Link
06:41 EDTAAPLWalgreens to roll out Apple Pay on October 18, MacRumors reports
Walgreens (WAG) will begin rolling out Apple Pay (AAPL) on Saturday, October 18, according to a memo obtained by MacRumors. Reference Link
06:05 EDTAAPLReport: Apple iPhone 6 pre-orders in China reach 20M, Digitimes says
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October 10, 2014
17:57 EDTAAPLGT Advanced calls Apple demands 'burdensome, oppressive,' Bloomberg reports
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17:14 EDTAAPLMarket ends week lower amid global growth worries
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16:02 EDTAAPLActionable Options for Friday, October, 10
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15:30 EDTAAPLApple, Bose settle patent infringement litigation, CNBC reports
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11:45 EDTGPROStocks with call strike movement; TWTR GPRO
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10:39 EDTGPROGoPro tumbles, levels to watch
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10:12 EDTAAPLApple to remove Bose products from retail stores, MacRumors reports
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09:38 EDTAAPLActive equity options trading on open
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09:12 EDTGOOGGoogle could be worth trillion dollars by 2020, says BGC Financial
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07:55 EDTGOOGJapan court orders Google to remove search results, AP reports
Japan has ordered Google to remove search results that hinted at a man's relations with a criminal organization because his privacy rights were violated, reports the Associated Press. Google spokesman Taj Meadows said the company has a standard process for removal requests and will review the Tokyo court injunction. Reference Link
07:39 EDTAAPLApple underappreciated but Icahn estimates aggressive, says UBS
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07:08 EDTAAPLApple given at least 3 days to block info in GT bankruptcy case, Reuters says
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07:04 EDTAAPLAmazon in talks to join digital locker for movies. WSJ reports
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06:52 EDTGOOGGoogle allowed to face Rockstar in California court, Reuters says
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06:26 EDTGOOGGoogle to release its largest smartphone, WSJ reports
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