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Stock Market & Financial Investment News

News Breaks
March 18, 2014
16:24 EDTHTZ, MSFT, AAPL, MRCY, PVA, SFLY, DSWOn 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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September 18, 2014
06:40 EDTAAPLApple wants to sell 50M Apple Watches in 2015, DigiTimes reports
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06:27 EDTAAPLReport says one iPhone 6 Chinese license approved, Reuters says
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05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We donít build a profile based on your email content or web browsing habits to sell to advertisers. We donít Ďmonetizeí the information you store on your iPhone or in iCloud. And we donít read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
05:34 EDTMSFTInfosys expands partnership with Microsoft
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September 17, 2014
16:46 EDTAAPLApple says HealthKit apps not available until end of month
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16:00 EDTAAPLOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
15:46 EDTAAPLApple using own CDN, not Akamai, Level 3, for iOS 8, StreamingMediaBlog says
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13:57 EDTAAPLiPhone code compromises users, reroutes to fake eBay site, BBC says
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12:27 EDTAAPLNet Element shares higher by over 29% after integrating Apple services
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11:42 EDTAAPLVerizon says company-wide growth at moment is 'fine'
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10:15 EDTAAPLDiscover calls active, rumored to be eyed as target by Apple, report
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10:07 EDTAAPLApple could announce new products at October event, Apple Insider says
Apple is said to be planning an event for the second half of October where it will unveil more gadgets, a source tells Apple Insider. The company may unveil a next-generation iPad Air and iPad mini which is rumored to feature the company's Tough ID fingerprint sensor. Reference Link
10:04 EDTAAPLDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
07:43 EDTAAPLApple iPhone prices could rise, says RBC Capital
After conducting a survey of consumers, RBC Capital believes that average sales prices for Apple's iPhone could rise $90 quarter-over-quarter and $65 year-over-year, while gross margins could increase as a result of higher average memory per device. The firm raised its price target on the name to $114 from $110 and keeps an Outperform rating.
07:22 EDTAAPLEarly reviews point to iPhone 6 battery life similar to iPhone 5s, BI says
After analyzing the first round of major tech publications' reviews of the iPhone 6 and 6 Plus, Business Insider said critics have "mixed" opinion's on the battery life of the 6 and that it "seems like" the smaller phone's battery life won't be radically different from the iPhone 5s. Reference Link
06:39 EDTMSFTMicrosoft planning new wave of layoffs for this week, ZDNet reports
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06:31 EDTAAPLLG Display to supply AMOLED panels for Apple Watch, DigiTimes reports
LG Display (LPL) are expected to supply Apple (AAPL) 5M AMOLED panels a month in 2015 for the Apple Watch, reports DigiTimes. According to sources from LG Display, Apple aims to sell upwards of 50M Apple Watches in 2015. Apple will reportedly not purchase AMOLED panels from Samsung (SSNLF) Display and instead will have LG as the sole panel provider for the Apple Watch. Reference Link
06:29 EDTAAPLApple iPhone 6 products sell out fast in Taiwan market, DigiTimes says
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06:17 EDTAAPLApple supplier reportedly struggling to meet iPhone demand, WSJ reports
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