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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:10 EDTHLF, GMCR, AAPLHerbalife 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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August 20, 2014
11:15 EDTAAPLGT Advanced retreats after analyst downgrades stock
Shares of sapphire maker GT Advanced (GTAT) are falling after research firm CLSA downgraded the stock in a note to investors today. The firm cited concerns about increased costs associated with the company's deal with Apple as the main reason for the downgrade. WHAT'S NEW: GT Advanced's costs associated with its deal to supply sapphire to Apple are being impacted by low yields, CLSA analyst Mark Heller wrote after speaking with strategic consulting firm Yole Développement. Lower yields will reduce the amount of sapphire that GT Advanced can produce for Apple, and will negatively affect GT’s profit margins, explained Heller. He believes that GT Advanced's risk/reward ratio is balanced at current levels, and downgraded his rating on the shares to Underperform from Outperform. However, he raised his price target on the shares to $19 from $18. PRICE ACTION: In late morning trading, GT Advanced fell 2% to $18.
09:38 EDTAAPL, AAPLGT Advanced downgraded to Underperform from Outperform at CLSA
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
06:28 EDTAAPLApple could delay iWatch until 2015, FT Alphaville reports
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August 19, 2014
17:14 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
14:19 EDTAAPLCarl Icahn says increased Apple position over past year
Carl Icahn tweeted in regards to Apple, "All my chips still on the table and in fact increased position over past year." Icahn added that anyone who invested in Apple last year when he recommended the stock would be up 53% including dividends.
13:54 EDTAAPLCarney a contender to take over top communications job at Apple, Re/code says
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12:40 EDTAAPLApple nears life high, levels to watch
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12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
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11:57 EDTAAPLApple shares reach $100, up 84c or 1%
09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:01 EDTGMCRKeurig Green Mountain estimates raised at SunTrust
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06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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August 18, 2014
16:00 EDTAAPLOptions Update; August 18, 2014
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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 EDTAAPLApple 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.
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