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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:06 EDTSSNLF, ZQK, AEIS, KKD, NPSP, RNA, TSN, PPC, IDCC, HSHOn The Fly: Pre-market Movers
HIGHER: InterDigital (IDCC), up 9.6% after announcing patent license agreement with Samsung (SSNLF), issuing Q2 revenue guidance... Hillshire Brands (HSH), up 8.8% after Pilgrim's Pride (PPC) raises buyout offer to $55 per share and Hillshire board authorizes talks with Pilgrim's and rival bidder Tyson Foods (TSN)... Prosensa (RNA), up 5.8% after announcing FDA regulatory path outline for DMD drug drisapersen. LOWER: Quiksilver (ZQK), down 39% after downgraded at Monness Crespi and at Stifel after the company's Q2 results and guidance disappointed... Krispy Kreme (KKD), down 10.5% after lowering its fiscal year guidance... Clovis (CLVS), down 11.9% after shares were downgraded to Neutral from Buy at Citigroup... Advanced Energy (AEIS), down 9.3% after downgraded at Needham following news that the company's CEO Garry Rogerson will step down... NPS Pharmaceuticals (NPSP), down 1.8% after saying in a regulatory filing that the company has not had any communication with Shire (SHPG) concerning an acquisition as stated in "erroneous press reports."
News For HSH;PPC;TSN;IDCC;KKD;ZQK;RNA;AEIS;SSNLF;NPSP From The Last 14 Days
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September 2, 2015
11:12 EDTZQKQuiksilver looks for buyer as it struggles to stay in business, Bloomberg says
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07:02 EDTNPSPSummit Therapeutics appoints Ralf Rosskamp as Chief Medical Officer
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September 1, 2015
13:31 EDTSSNLFAxel Springer, Samsung partner to develop digital media services for Europe
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08:30 EDTSSNLFParkerVision comments on IPR petitions filed by Qualcomm
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06:23 EDTSSNLFSamsung to launch Gear S2 smartwatch this week, WSJ reports
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05:49 EDTSSNLFReports: Samsung holds meetings to introduce 18-inch tablet, DigiTimes says
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August 31, 2015
06:39 EDTSSNLFJudge rules Apple, Samsung stop further filings, AppleInsider reports
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06:25 EDTIDCCMicrosoft cleared of patent infringement by ITC, Reuters reports
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August 28, 2015
05:52 EDTSSNLFTrendforcce expects global tablet shipments to reach 163M units, DigiTimes says
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August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
14:42 EDTSSNLFFitbit shares approach historical lows as Apple Watch gains traction
Fitbit (FIT) shares are eyeing their lowest levels since their IPO in June after the IDC reported that Apple (AAPL) Watch shipments are nipping on the heels of Fitbit's market dominance in wearables. WHAT'S NEW: The International Data Corporation, or IDC, released its quarterly wearables device report on Thursday, showing that Apple reached the number two spot in the global wearables market with 3.6M shipments of the Apple Watch during Q2. Notably, Apple Watch shipments lagged just 800,000 units behind Fitbit's 4.4M units for the quarter. Total shipment volume for the space was up 223.2% year-over-year to 18.1M. Commenting on the metrics, IDC research manager Ramon Llamas said Apple's "participation benefits multiple players and platforms within the wearables ecosystem," though he also cautioned that the tech giant "forces other vendors -- especially those that have been part of this market for multiple quarters -- to re-evaluate their products and experiences." Rounding out the numbers, Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000, and Samsung (SSNLF) shipped 600,000. HARDWARE CHALLENGES: Aside from concerns of user churn, an oft-noted potential risk for Fitbit investors is the potential that limited-use fitness wearables will be absorbed into grander, multi-function devices. On June 21, Barron's opined that specialized devices "often get subsumed," and provided the example of iPod's music functions being largely replaced by similar features in the iPhone. Various research firms have downplayed the "absorption" issue, however. On June 25, Leerink remarked that fitness trackers "occupy a different piece" of the market, and on June 30, RBC said its studies at the time showed divergence between fitness wearables and smart watches. Leerink reiterated its bullish view of the sector as recently as August 24, commenting that "interest in the category remains deep." PRICE ACTION: Shares of Fitbit have plunged roughly 9% in intraday trading, while Apple is up about 2% amid broader market gains.
11:25 EDTSSNLFSamsung Pay beta available on all U.S. carriers except Verizon, Verge reports
Samsung (SSNLF) Pay's beta is available on all major U.S. carriers, including AT&T (T), Sprint (S), T-Mobile (TMUS), and U.S. Cellular (USM), except for Verizon (VZ), the Verge reports. Verizon is "evaluating" Samsung Pay currently, and may very well miss the September 28th launch of the product, the report says. Reference Link
08:38 EDTSSNLFApple Watch shipments total 3.6M in Q2, IDC says
Apple (AAPL) reached the number two spot in the global wearables market, having shipped a total of 3.6M units of its Apple Watch in Q2, just 800,000 units behind Fitbit's (FIT) 4.4M units, according to the International Data Corporation's Worldwide Quarterly Wearable Device Tracker. Total shipment volume for the quarter came to 18.1M units, up 223.2% from the 5.6M units shipped in 2Q14. "Anytime Apple enters a new market, not only does it draw attention to itself, but to the market as a whole," noted Ramon Llamas, Research Manager for IDC's Wearables team. "Its participation benefits multiple players and platforms within the wearables ecosystem, and ultimately drives total volumes higher. Apple also forces other vendors - especially those that have been part of this market for multiple quarters - to re-evaluate their products and experiences. Fairly or not, Apple will become the stick against which other wearables are measured, and competing vendors need to stay current or ahead of Apple. Now that Apple is officially a part of the wearables market, everyone will be watching to see what other wearable devices it decides to launch, such as smart glasses or hearables." Xiaomi shipped 3.1M wearable units in Q2, while Garmin (GRMN) shipped 700,000 units and Samsung (SSNLF) shipped 600,000.
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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06:31 EDTSSNLFSamsung Note 5 S pen may have a design flaw, Android Police reports
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August 25, 2015
17:50 EDTSSNLFFormer TSMC employee may have leaked secrets to Samsung, China Post says
The Taiwanese Supreme Court has barred a former TSMC (TSM) employee from working for Samsung (SSNLF) following claims that he leaked trade secrets to the Korean firm, reports the China Post. According to evaluations of computer chips from the two companies, differences in chip technology between Samsung and TSMC have quickly decreased in recent years, the report noted. Reference Link
17:03 EDTIDCCInterDigital sees Q3 revenue $77M-$80M, consensus $83.75M
InterDigital announced that it expects its total third quarter 2015 revenue to be between $77M and $80M. The company expects the revenue to be comprised almost entirely of recurring revenue. This revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of third quarter 2015.
10:40 EDTKKDKrispy Kreme to open 10 shops in Myanmar
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07:55 EDTKKDKrispy Kreme Q2 comps trending above consensus, says Longbow
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August 24, 2015
06:22 EDTSSNLFTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
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