New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 9, 2014
12:54 EDTGRMN, GPRO, AAPLGarmin tumbles after analyst sees risk from GoPro, Apple products
Shares of portable device maker Garmin (GRMN) are sinking after research firm Pacific Crest downgraded the stock to Underperform from Sector Perform, saying that the company is facing a number of challenges. WHAT'S NEW: Sales of the company's fitness tracker, vivofit, are unlikely to surpass expectations this year or propel the company's EPS above the current consensus outlook, Pacific Crest analyst Brad Erickson wrote. Meanwhile, Erickson said Garmin's action camera, VIRB, is being crushed by a competing product from newly-public GoPro (GRPO), which is showing no signs of slowing down. Additionally, Apple (AAPL) is widely expected to launch a larger screen iPhone later this year and such a device could create challenges for Garmin's personal navigation devices, the analyst warned. Also, the watch that Apple is reportedly developing would create some competitive risk for Garmin and create a negative catalyst, according to Erickson. The analyst added that with the potential headwinds facing the company, its stock multiple could compress, pushing its fair value to "the mid-$40 range." PRICE ACTION: In early afternoon trading, Garmin sank $3.59, or 6%, to $57.04.
News For GRMN;GPRO;AAPL From The Last 14 Days
Check below for free stories on GRMN;GPRO;AAPL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
July 21, 2014
09:10 EDTGPROOn The Fly: Pre-market Movers
HIGHER: Allergan (AGN), up 0.5% after Q2 results, FY14 outlook beat expectations and the company announces plans to reduce workforce by about 1,500 employees as part of restructuring. Also, Valeant (VRX) announced it has contacted both the SEC and Canadian financial authorities regarding Allergan's "apparent attempt to mislead investors and manipulate the market for Valeant common shares by continuing to make false and misleading statements regarding Valeant's business"... Extreme Networks (EXTR), up 13% after raising Q4 EPS, revenue view... Gas Natural (EGAS), up 6% after confirming it rejected $13 per share unsolicited offer from Algonquin Power... EMC (EMC), up 4.5% after the WSJ says Elliot Management took a stake of over $1B in the firm and plans to push the company to break itself up... GoPro, (GPRO), up 2.8% after initiated at several firms including Citigroup, Barclays and JPMorgan... Kandi Technologies (KNDI), up 6% after China Daily said China will not to waive a sales tax on electric cars made by foreign companies. Tesla (TSLA) is down 1% following the report. UP AFTER EARNINGS: Halliburton (HAL), up 0.5%... LOWER: Reynolds American (RAI), down 2.3% after a Florida jury hit the company with $23.6B in punitive damages in a lawsuit filed by the widow of a longtime smoker. Shares of fellow tobacco companies also fell after the jury decision, as Lorillard (LO) fell 2% and Altria (MO) slid 1.6%... Yum! Brands (YUM), down 2% after AP reported that a Shanghai TV station said a food supplier sold expired beef and chicken to the company's KFC brand in China along with to McDonald's (MCD), which is down 0.7%. DOWN AFTER EARNINGS: PetMed Express (PETS), down 2.4%... Hasbro (HAS), down 1.3%.
08:17 EDTAAPLApple upgraded at JMP Securities
Subscribe for More Information
07:14 EDTAAPLApple should be owned into tomorrow's results, says Piper Jaffray
Subscribe for More Information
06:42 EDTAAPLApple price target raised to $115 from $100 at UBS
Subscribe for More Information
06:14 EDTGPROGoPro initiated with a Neutral at Citigroup
Subscribe for More Information
05:57 EDTAAPLApple upgraded to Outperform from Market Perform at JMP Securities
Subscribe for More Information
05:51 EDTGPROGoPro initiated with an Overweight at Piper Jaffray
Subscribe for More Information
05:34 EDTGPROGoPro initiated with a Hold at Stifel
Stifel started shares of GoPro with a Hold rating, saying the current valuation adequately balances earnings power and media potential against execution risk.
05:31 EDTGPROGoPro initiated with an Overweight at JPMorgan
JPMorgan expects further upside in shares of GoPro to be driven by first-time adoption of the company's cameras in various categories over the next three years. The firm started shares with an Overweight rating and $51 price target.
05:26 EDTGPROGoPro initiated with an Equal Weight at Barclays
Subscribe for More Information
05:24 EDTGPROGoPro initiated with a Neutral at RW Baird
RW Baird views GoPro shares as fairly valued at current levels. The firm started the stock with a Neutral rating and $43 price target.
July 20, 2014
13:06 EDTAAPLFormer Obama spokesman Carney said to consider job at Apple, Bloomberg says
Subscribe for More Information
July 18, 2014
16:47 EDTAAPLMarket ends week higher as earnings, M&A offset geopolitical tensions
Subscribe for More Information
16:03 EDTAAPLOptions Update; July 18, 2014
Subscribe for More Information
11:03 EDTAAPLEU says Google adding 'in-app' purchase protections, Apple yet to commit
Subscribe for More Information
10:33 EDTAAPLSkyworks price target raised to $62 from $56 at Craig-Hallum
Craig-Hallum increased its price target on Skyworks (SWKS) after the company's Q3 results surpassed its guidance, and the company issued guidance for its September quarter that the firm views as strong. The firm thinks the company's annual EPS is moving towards $5. It expects the company to benefit from the launch of Apple's (AAPL) iPhone 6 and the recent popularity of Internet of Things devices. Craig-Hallum thinks the shares look cheap and reiterates a Buy rating on the shares.
09:48 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
08:43 EDTGPROGoPro volatility increases into Q2
Subscribe for More Information
07:49 EDTAAPLEU says Apple should do more to battle in-app purchases issue, Reuters says
Subscribe for More Information
06:58 EDTAAPLReport says iPhone 6 begins mass production this month, Reuters says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use