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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:10 EDTHLF, AAPL, GMCRHerbalife down as renewed speculation of Einhorn short circulates
Shares of personal care and nutritional supplement maker Herbalife (HLF) are lower in afternoon trading amid renewed speculation that hedge fund manager David Einhorn has joined Bill Ackman in taking a short position in the stock. Ackman's short thesis on the multi-level marketing company is well documented and market participants have speculated that Einhorn has a short position as well ever since the head of Greenlight Capital questioned Herbalife management on a conference call. In his quarterly letter to investors in Greenlight, Einhorn jokingly attributed the funds lackluster quarterly performance to the facts that, "Our coffee was too hot, our apple was bruised, and our iron supplements didn't do down smoothly." Einhorn went on to explain in the same paragraph that the "coffee" reference applies to a previously disclosed short position in Green Mountain (GMCR) that was unprofitable during the quarter. At quarter end, Greenlight's largest disclosed long positions included Apple (AAPL), but the tech giant's shares fell during the quarter. Later in the letter, Einhorn discloses a new bearish thesis on iron ore, noting that the fund has shorted a number of stocks in the iron ore sector but not disclosing specific names. Greenlight states that in the fourth quarter the price of iron ore and related mining stocks rallied, but added that the fund is willing to be patient in its iron short position "given the considerable downside" potential. Some market participants have speculated Einhorn's reference to "iron supplements" in the opening paragraphs of the communication was a veiled reference to Herbalife, but the company was not mentioned by name in the letter. In early afternoon trading, Herbalife shares are down about 1.6% to $43.44.
News For HLF;GMCR;AAPL From The Last 14 Days
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February 20, 2015
06:41 EDTAAPLApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:20 EDTAAPLApple price target raised to $145 on increasingly bullish outlook at Goldman
Goldman raised Buy rated Apple's price target to $145 from $130 based on increased confidence in platform momentum, sustained iPhone growth, and the potential for the Apple Watch. The firm believes risk/reward is more balanced following the recent 20% upside move but sees further upside given the aforementioned factors and the near-term catalysts from the April watch launch, updates on capital allocation, and a likely March quarter beat.
05:13 EDTHLFStocks with implied volatility above IV index mean; HLF ARCP
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February 19, 2015
16:01 EDTAAPLOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
12:58 EDTAAPLRecent Apple hires have backgrounds in automotive hardware, 9to5Mac says
Many of the automotive experts poached by Apple (AAPL) come from automotive hardware backgrounds, strongly hinting at development beyond automotive software, reports 9to5Mac, citing sources close to the company. The new hires have backgrounds in motor and gearbox design, safety components, transmissions, power trains, drive trains, electric vehicle batteries, hybrid vehicles, interior vehicle components, and other areas. Reference Link
11:51 EDTAAPLCiti, RBC lay out reasons to be bullish on Apple
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09:35 EDTAAPLOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
09:02 EDTGMCRKeurig Green Mountain reiterates FY15 EPS view of growth of mid-single digits
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08:50 EDTAAPLApple could return $150B-$200B to shareholders, says RBC Capital
RBC Capital believes that Apple could return $150B-$200B to its shareholders over the next three years. The firm expects the company to return 100% of its annual free cash flow to shareholders. It raised its price target on the name to $140 from $130 and keeps an Outperform rating on the stock.
08:21 EDTAAPLApple Pay faces resistance from China, MarketWatch says
Apple (AAPL) is attempting to launch Apple Pay in China, but a People's Bank of China official stated the company has not acknowledged regulators and "it's unclear whether the product meets the government’s requirements,” while talks with state-owned card payment operator UnionPay "have stalled" according to sources close to the companies, reports MarketWatch. Alibaba (BABA) currently operates the similar Alipay service and an Alibaba employee stated the two companies "have stayed in contact and are preparing for several projects," but because all payments go through UnionPay, Apple's entry into the market is ultimately controlled by the state-owned firm. The Chinese government has raised numerous concerns regarding Apple Pay, and is demanding the company open a mainland China data center to house customer information. Reference Link
08:15 EDTAAPLWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
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06:39 EDTAAPLA123 Systems sues Apple for poaching employees, WSJ reports
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06:22 EDTAAPLCiti lists five reasons for why Apple shares are going higher
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05:31 EDTHLFStocks with implied volatility above IV index mean; HLF ANF
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February 18, 2015
16:00 EDTAAPLOptions Update; February 18, 2015
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09:37 EDTAAPLOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
07:59 EDTAAPLBlackBerry files copyright lawsuit against Typo Products, AP says
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06:52 EDTAAPLApple could bringing Touch ID to Mac, 9to5Mac says
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06:45 EDTAAPLApple Watch launching without health monitoring functions, WSJ says
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06:20 EDTAAPLApple awarded patent for wireless head-mounted display, Financial Times reports
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