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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:25 EDTGTAT, AAPLGT Advanced sinks following downgrades at UBS, Canaccord
Shares of GT Advanced Technologies (GTAT) - which makes sapphire products and solar energy equipment - are sinking after research firms UBS and Canaccord downgraded the stock in notes to investors earlier today. WHAT'S NEW: After conducting checks, UBS analyst Stephen Chin reported that GT Advanced had shipped much less sapphire from its Arizona plant in May than he had expected. Moreover, the increase in shipments from the plant slowed significantly compared with April, the analyst added. The lower than expected shipments in the second quarter of the year will make it more difficult for the company to meet the high end of its 2014 sales guidance of $600M-$800M, Chin stated. To meet its sales guidance, the sapphire product maker will need to sharply increase its sales to Apple (AAPL) in Q4, the analyst indicated. He reduced his 2014 revenue estimate for GT Advanced to $700M from $800M and cut his EPS estimate for the sapphire maker to 12c from 17c. The firm downgraded the stock to Neutral from Buy, however, Chin kept his price target on the stock at $22. WHAT'S NOTABLE: Also downgrading GT Advanced today was research firm Canaccord. The firm cut its rating on the stock to Hold from Buy, citing the stock's valuation. It believes that much of the company's positive catalysts are priced into the shares. Canaccord set a $20 price target on the stock. PRICE ACTION: In early trading, GT Advanced tumbled $2.30, or 11.75%, to $17.25.
News For GTAT;AAPL From The Last 14 Days
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August 18, 2014
16:00 EDTAAPLOptions Update; August 18, 2014
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11:50 EDTGTATStocks with call strike movement; VRNG GTAT
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
08:30 EDTAAPL, GTATApple starts production of smartphones with sapphire screens, Guardian says
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07:58 EDTAAPLApple December quarter EPS likely to beat by 10%+, says RBC Capital
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06:42 EDTAAPLApple may call 5.5-inch iPhone '6L,' 9to5Mac reports
Apple may call its rumored 5.5-inch iPhone model the "6L," 9to5Mac reports, citing Asia-based rumor site Apple Daily. In this scenario, the 4.7-inch iPhone would be called the iPhone 6. Reference Link
05:23 EDTAAPLInvenSense downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.
August 17, 2014
18:38 EDTAAPLToo early to sell Apple, Barron's says
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August 15, 2014
16:00 EDTAAPLOptions Update; August 15, 2014
iPath S&P 500 VIX Short-Term Futures up 1c to 28.88. Option volume leaders: AAPL GILD NFLX PBR TWTR TSLA MNKD AMZN C according to Track Data.
10:09 EDTAAPLSony expected to debut Smartwatch 3 next month, GigaOM reports
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09:35 EDTAAPLActive equity options trading on open
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08:29 EDTAAPLChina Telecom now hosting Apple iCloud data in China, Marbridge Daily says
Apple (AAPL), which had previously been storing iCloud data for its Chinese users on servers in the U.S., in reportedly using China Telecom (CHA) as its sole cloud storage services provider in China, according to online Chinese media reports, said Marbridge Daily, citing Sina Tech. Apple and China Telecom have not commented, the report noted. Reference Link
August 14, 2014
19:41 EDTGTAT, AAPLApple considering sapphire glass in upcoming iPhone, smartwatch, WSJ reports
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17:08 EDTAAPLSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
17:00 EDTAAPLGreenlight Capital gives quarterly update on stakes
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16:01 EDTAAPLOptions Update; August 14, 2014
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14:13 EDTAAPLOmega Advisors gives quarterly update on stakes
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09:36 EDTAAPLActive equity options trading on open
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07:55 EDTAAPLApple bans two chemicals from iPhone, iPad final stages, AP says
Apple said its investigation at 22 factories found no evidence that two potentially hazardous chemicals, benzene and n-hexane, endangered the plants' workers, but the company is banning the use of those chemicals in the final assembly of iPhones and iPads, reported Associated Press, citing statements from the company. Apple is still allowing use of the two chemicals during the early production phases, but is lowering the maximum amount of benzene and n-hexane that can be present in the materials used during those phases. Reference Link
06:19 EDTAAPLLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
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