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Stock Market & Financial Investment News

News Breaks
July 14, 2014
10:18 EDTAAPL, GTATGT Advanced retreats after downgrade citing production concerns
Shares of GT Advanced (GTAT) are sinking after research firm CLSA warned that production from the company's new sapphire plant has been limited, putting the company's guidance at risk. GT Advanced makes sapphire products and solar energy equipment. WHAT'S NEW: After consulting with a sapphire expert, CLSA analyst Mark Heller reported that the yields of the company's new sapphire plant in Arizona appear to be poor. Consequently, the supply of sapphire that GT Advanced is producing for Apple (AAPL) appears to be limited and its profit margins may be hurt, Heller believes. The analyst sharply reduced his estimates for GT Advanced and warned that it may not meet its 2014 guidance. However, on a positive note, Heller expects GT Advanced's production issues to be eventually solved and he continues to expect Apple to utilize more sapphire covers over the next few years. The analyst kept an Outperform rating on the stock. WHAT'S NOTABLE: On July 7, UBS downgraded GT Advanced to Neutral from Buy. The company's sapphire shipments from its Arizona plant in May were below UBS' expectations, the firm stated. Also downgrading GT Advanced on July 7 was research firm Canaccord, which cut its rating on the shares to Hold from Buy based on valuation. PRICE ACTION: In early trading, GT Advanced fell 5.7% to $15.13.
News For GTAT;AAPL From The Last 14 Days
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November 13, 2014
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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November 10, 2014
16:00 EDTAAPLOptions Update; November 10, 2014
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12:42 EDTAAPLFireEye details hack attack found on Apple operating system
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12:39 EDTAAPLFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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09:35 EDTAAPLActive equity options trading
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07:34 EDTAAPLApple Pay seen making up 1% of Whole Foods transactions since launch, Dudas says
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06:27 EDTAAPL, GTATGT Advanced accuses Apple of 'bait-and-switch' in unsealed documents, WSJ says
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06:00 EDTAAPLApple implied volatility of 19 at lower end of index mean range
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