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Stock Market & Financial Investment News

News Breaks
March 18, 2014
16:24 EDTAAPL, PVA, MSFT, DSW, MRCY, HTZ, SFLYOn The Fly: Closing Wrap
Stocks on Wall Street were higher as Russia confirmed it will look to annex Crimea, but that it is not seeking to further split up Ukraine. Investors may be fatiguing from reacting to the situation regarding the two nations, but stock futures did react favorably during this morning's televised account of Russian President Putin's parliament meeting. The Federal Reserve began its two-day policy meeting, with Chair Janet Yellen scheduled to give her first press conference after the meeting's conclusion. Investors await any potential changes in the central bank's forward guidance and are interested to see if the bank will continue to taper its monthly asset purchases at the same pace. ECONOMIC EVENTS: In the U.S., consumer prices rose 0.1% in February, matching the consensus forecast of economists. Housing starts fell 0.2% from the prior month in February to a rate of 907K, while building permits rose 7.7% to a rate of 1.02M. In Europe, Vladimir Putin formally called for Crimea and Sevastopol to be annexed and added to Russia, but added in his address to his parliament that Russia is not seeking to split up Ukraine. A measure of German economic expectations dropped more-than-expected to 46.6 in March, with the Crimea crisis attributed as a contributing factor. COMPANY NEWS: Rental car company Hertz (HTZ) announced plans to separate its equipment rental business, which had been telegraphed in recent media reports. The company also reported quarterly earnings and gave a fiscal 2014 earnings outlook that missed expectations. Additionally, Hertz announced a $1B share repurchase plan. While the stock traded more than 3x its daily average volume, shares of the company closed the session down 14c, or 0.51%, at $27.08... Microsoft (MSFT) was the Dow's biggest gainer, adding $1.50, or 3.94%, to $39.55 after reports that the company will introduce its Office suite for Apple's (AAPL) iPad at a press event on March 27. Analysts at Barclays said in a note to investors that potential monetization benefits from Office to the company from are under appreciated, while analysts at Citigroup said the potential launch of Office on iPad is unlikely to be a "meaningful driver" for the company. MAJOR MOVERS: Among the notable gainers was Mercury Systems (MRCY), which rose $2.12, or 19.19%, to $13.17 after The Wall Street Journal reported that the company is in the early stages of selling itself in a deal that could be worth around $500M. Also higher was Penn Virginia (PVA), up $2.13, or 15.65%, to $15.74 after activist investor Soros Fund Management disclosed that it has taken a 9.18% stake and urged the company to explore strategic alternatives. Among the noteworthy losers was Shutterfly (SFLY), down $2.39, or 4.74%, to $48.04 after analysts at Cowen downgraded shares two notches to Underperform from Outperform, saying the company's recent growth slowdown has continued into 2014. Also lower was DSW (DSW), down $1.09, or 2.73%, to $38.90 after its quarterly revenue disappointed and the company said it sees fiscal 2014 revenues to grow 6%-7%, with comparable-store sales growth in the low-single digit range. INDEXES: The Dow was up 88.97, or 0.55%, to 16,336.19, the Nasdaq was up 53.36, or 1.25%, to 4,333.31, and the S&P 500 was up 13.42, or 0.72%, to 1,872.25.
News For HTZ;MSFT;AAPL;MRCY;PVA;SFLY;DSW From The Last 14 Days
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July 21, 2015
06:23 EDTAAPLApple's iPhone 6s will cut 16GB version, M.I.C. Gadget reports
Apple's (AAPL) new iPhone 6s and 6s Plus will not come with a 16GB edition yet will have a 32GB edition with more capacity, M.I.C. Gadget reports, citing "some Foxconn (FXCNY) insiders." Reference Link
06:19 EDTAAPLSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
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05:34 EDTAAPLPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
July 20, 2015
19:00 EDTAAPLApple hires auto industry executive, WSJ says
Apple has hired Doug Betts, former global head of quality at Chrysler Group, reports the Wall Street Journal, citing Betts' LinkedIn profile. The report notes that the move could mean Apple's rumored electric car development "may be gaining ground." Reference Link
16:13 EDTPVAPenn Virginia CEO announces retirement
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16:01 EDTAAPL, MSFTOptions Update; July 20, 2015
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13:37 EDTAAPLApple July weekly volatility increases into Q3 and outlook
Apple July weekly call option implied volatility is at 56, August is at 31, October is at 26; compared to its 52-week range of 15 to 36, suggesting large near term price movement into the expected release of Q3 results on July 21.
13:28 EDTAAPLSamsung most popular smartphone maker in Q2, TrendForce says
Samsung (SSNLF) was the most popular smartphone maker in the second quarter, even though the smartphone market has started to slow down, according to data from research firm TrendForce. Smartphone shipments will grow 8.2% year over year in 2015, though that's down from the previously anticipated growth rate of 11.6%, the report says. Samsung has led in smartphone shipments with a second-quarter growth of 26.8%. However, Galaxy S6 and S6 Edge's annual shipment forecast has been marked down repeatedly. TrendForce has also revised Samsung's annual smartphone shipments downwards to 45M units this year. As Chinese vendors are taking more shares of the low- to mid-range product market, Samsung's ability to reverse its fortune may hinge on the success of its Galaxy Note 5. If this device is able to attract consumers with upgraded specs and new features, then Samsung will avoid the high possibility of negative shipment growth for this year. Apple (AAPL) rode on the popularity of iPhone 6 and iPhone 6 Plus in this year's first half and achieved a remarkably strong shipment result in the off-peak season. The next-generation iPhone due to be launched this year offers no major changes in appearance, but Apple has given the device a new A9 processor and upgraded its memory to 2GB LPDDR4 for the first time. These improvements along with the Force Touch module and a camera featuring a possible resolution of 12MP will give the next iPhone a huge boost. Thus, TrendForce's iPhone shipment forecast for this year continues to be very positive with a high growth of 15% upwards. Lenovo (LNVGY) has fallen to No. 6 in the global shipment ranking and is expected to see a 20%-30% decline in this year's shipments. Lenovo's market share did not double as anticipated after its takeover of Motorola in 2014. Moreover, Lenovo did not have a well-defined product positioning strategy and the brand faced strong competition from challengers offering lower-priced smartphone models.
12:40 EDTAAPLEarnings Watch: IBM up 4% since last quarterly report
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10:07 EDTAAPLApple rallies ahead of earnings
Shares are up over 1.3% to $131.41 at time of writing. At that price next resistance is at $134.54, the life high. Support is at $130.50.
09:34 EDTAAPLActive equity options trading on open
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09:04 EDTMSFTGE chooses Microsoft Office 365 fro employee collaboration and productivity
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06:48 EDTAAPLApple in talks to create free streaming TV channel, NY Post reports
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06:39 EDTAAPLNew iPods won't run Apple Music to prevent piracy, 9to5Mac reports
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06:31 EDTAAPLAnalysts down on Apple Watch sales, AFP reports
Certain analysts have said that Apple's new smartwatch is not a mainstream hit due its disappointingly low sales figures, AFP reports. A study from Slice Intelligence suggests that Apple Watch orders have decreased 90% since the week the device made its debut, the report says. In response, BMO Capital Markets said it told investors that they were "disappointed" and reduced their estimate for Apple Watch sales in the upcoming year, the report adds. Richard Windsor at Edison Investment Research said that even if Slice is off the mark about the plunge in Apple Watch orders, it was evident that the wearable has sold way less than even conservative expectations, AFP says. Reference Link
06:27 EDTHTZHertz reinstated with an Outperform at Credit Suisse
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06:22 EDTAAPLApple July weekly volatility elevated into Q3 and outlook
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05:57 EDTAAPLApple iPhone momentum to continue in June quarter, says Piper Jaffray
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July 19, 2015
19:04 EDTMSFTMicrosoft to buy Adallom for $320M, Globes says
Microsoft has agreed to acquire cyber security firm Adallom for roughly $320M, reports Globes, without naming sources. Reference Link
14:09 EDTAAPLIntel chip delay could spell opportunity or disaster, Barron's says
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