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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:25 EDTAAPL, GTATGT 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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November 13, 2014
16:03 EDTAAPLOptions Update; November 13, 2014
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13:28 EDTAAPLBlackBerry hits 52-week high after unveiling partnerships
Shares of BlackBerry (BBRY) hit a new 52-week high after the company announced three new partnership deals. The company is slated to hold its analyst day today, starting at 3:30 PM ET. WHAT'S NEW: BlackBerry announced that it would partner with Samsung to provide a security solution for the South Korean company's mobile devices that utilize Google's (GOOG) Android operating system. Under the deal, BlackBerry’s BES12, an Enterprise Mobility Management system, or EMM that was launched today, will be integrated with some of Samgung's Galaxy smartphones and tablets. BES 12 "securely manages devices from all of the major enterprise mobile platforms" and "will help organizations securely connect employees with each other and with the corporate information and machines” they need, BlackBerry stated. Also today, Blackberry announced that it would connect its EMM solutions to Salesforce's (CRM) top customer relationship management platform. "This agreement will allow Salesforce and BlackBerry joint customers to run their businesses from their phone while complying with specific industry regulations," said Vivek Kundra, a Salesforce Executive Vice President in a statement. "BlackBerry has an excellent reputation in security and networks, and when matched with the Salesforce Customer Success Platform, public sector organizations can use their mobile devices to connect with customers in a whole new way," added Kundra. Finally, BlackBerry announced that Brightstar would distribute BES 12. BlackBerry described Brightstar as "the world's largest wireless distribution company and leader in services for the wireless industry." WHAT'S NOTABLE: BES12 is expected to compete with Apple (AAPL) in the enterprise space. Apple earlier this year announced that it was partnering with IBM (IBM) in an effort to sell more products to corporate customers. PRICE ACTION: In mid-afternoon trading, BlackBerry jumped 6% to $11.95. Earlier today the shares set a new 52-week high of $12.05.
11:13 EDTAAPLApple hits 52-week high after Bernstein says margins could climb
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09:40 EDTAAPLActive equity options trading
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08:01 EDTAAPLApple price target raised to $120 from $110 at Bernstein
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08:01 EDTAAPLCalpian says deploys Apple Pay for merchants
Calpian, Inc. (CLPI) has successfully enabled Apple Pay (AAPL) for its merchant customers as they respond to growing consumer interest in the new mobile payment service.
06:39 EDTAAPLApple's rumored iPad Pro delayed to 2Q15, AppleInsider reports
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06:23 EDTAAPLChipmakers in Apple Watch supply chain to start production, DigiTimes reports
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06:07 EDTAAPLApple paying little in iTunes taxes outside North America, AFR reports
According to a report from The Australian Financial Review, which cites an investigation led by the International Consortium of Investigative Journalists, more than two-thirds of the money Apple’s iTunes makes outside North America goes through the group’s Luxembourg holding company where it is not taxable. Apple has been widely criticized for its tax practices in Europe. Reference Link
November 12, 2014
16:00 EDTAAPLOptions Update; November 12, 2014
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09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
06:36 EDTAAPLOrder visibility highest for Apple, Lenovo shipments in 2015, DigiTimes says
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November 11, 2014
16:01 EDTAAPLOptions Update; November 11, 2014
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13:09 EDTAAPLApple to face lawsuit on failed texts when switching to Android, Reuters says
Apple must face a U.S. federal lawsuit for failing to alert consumers that text messages may be interrupted after switching to an Android-based phone from an iPhone, says Reuters. Reference Link
09:55 EDTAAPLAlibaba, Apple working out details on partnership in China, WSJ reports
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09:37 EDTAAPLActive equity options trading
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08:15 EDTAAPLAlibaba says willing to collaborate with PayPal in future, Bloomberg reports
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07:35 EDTAAPLApple price target raised to $125 from $115 at UBS
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06:31 EDTAAPLApple making aggressive move into corporate market, Reuters says
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06:03 EDTAAPLQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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