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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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April 16, 2015
06:11 EDTAAPLApple initiated with a Hold at Maxim
Target $144.
05:50 EDTAAPLApple to equip next iPhone next iPhone with Force touch tech, DigiTimes says
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April 15, 2015
16:01 EDTAAPLOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
15:05 EDTAAPLEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTAAPLSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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09:35 EDTAAPLActive equity options trading on open
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08:56 EDTAAPLVIX methodology for Apple elevated at 35.58
VIX methodology for Apple (VXAPL) at 35.58 compared to its 50-day moving average of 28.57.
08:01 EDTAAPLApple services profit contribution rising, says UBS
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06:35 EDTAAPLSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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06:18 EDTAAPLApple, Google, others doubling down on European operations, WSJ reports
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06:14 EDTAAPLSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTAAPLSmart wearaable device vendors avoid Apple Watch competition, DigiTimes says
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April 14, 2015
17:45 EDTAAPLApple acquires Israel-based camera-technology company LinX, WSJ says
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16:00 EDTAAPLOptions Update; April 14, 2015
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12:01 EDTAAPLApple says ResearchKit now available to medical researchers
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10:27 EDTAAPLSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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09:43 EDTAAPLApple to discuss future of iOS and OS X at conference on June 8
Apple announced that it will hold its 26th annual Worldwide Developers Conference June 8 through June 12 at San Francisco’s Moscone West. At WWDC, Apple’s developer community will come together to learn about the future of iOS and OS X. WWDC will feature more than 100 technical sessions, over 1,000 Apple engineers, hands-on labs to help developers integrate technologies and fine tune their apps. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
08:40 EDTAAPLSeveral signs suggest Apple may build a car, says Bernstein
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05:48 EDTAAPLReport: Foxconn engaged in selling second-hand iPhones in China, DigiTimes says
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