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Stock Market & Financial Investment News

News Breaks
February 24, 2012
12:10 EDTKND, CVLT, CSCO, GPS, CRM, DELL, CROX, JCP, MMSI, NDSN, AAPL, DECKOn The Fly: Mid-Day Wrap
Stocks on Wall Street were higher at mid-day, with the Dow again clinging to the 13,000 level. Each of the major indices is near its high of the day at the lunch hour. The new home sales report showed its first decline in four months while the consumer confidence reading was above expectations. Neither had a great effect on the market as it continues its daily pattern from the last two weeks of moving in a narrow trading range, but the general trend continues to be higher... ECONOMIC EVENTS: In the U.S., the final University of Michigan Consumer Confidence reading for February was 75.3, exceeding expectations of 73.0. New home sales declined 0.9% in January, but December's figures were revised higher, resulting in a seasonally adjusted 321,000-unit annual rate. Economists had expected sales at a 315,000-unit rate... MARKET NEWS: J.C. Penney (JCP) reported adjusted profits that beat expectations but shares were just about flat near noon. A number of other retailers declined following their reports, with Gap (GPS), Deckers Outdoor (DECK) and Crocs (CROX) all lower... A number of big tech companies announced acquisitions, with Cisco Systems (CSCO) buying Lightwire for $271M, Apple (AAPL) acquiring app-search engine Chomp for an undisclosed amount, and Dell (DELL) purchasing back-up software maker AppAssure Software. A drop in shares of CommVault Systems (CVLT) was attributed to Dell's news, as CommVault may lose some Dell business following the deal and had been viewed as a potential buyout target... MAJOR MOVERS: Among the notable gainers were Nordson (NDSN) and Salesforce.com (CRM), after their earnings reports. Noteworthy losers included Kindred Healthcare (KND) and Merit Medical (MMSI), following reports that disappointed... INDICES: Near noon, the Dow was up 20.24, or 0.16%, to 13,004.93; the Nasdaq was up 10.83, or 0.37%, to 2,967.81; and the S&P 500 was up 4.73, or 0.35%, to 1,368.19.
News For JCP;GPS;DECK;CROX;CSCO;AAPL;DELL;CVLT;NDSN;CRM;KND;MMSI From The Last 14 Days
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December 8, 2014
08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
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07:32 EDTCSCORaymond James to hold a conference
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07:28 EDTCRMFBN Securities to hold a bus tour
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07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
December 5, 2014
18:01 EDTGPSGap shares look cheap, should continue to rise, Barron's reports
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11:23 EDTAAPLOption volume leaders
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11:04 EDTJCPStocks with call strike movement; JCP UNG
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10:49 EDTCSCOCisco confirms two patent suits filed against Arista Networks
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10:45 EDTCSCOCisco files patent infringement complaints against Arista Networks
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09:36 EDTAAPLActive equity options trading
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09:17 EDTGPSOn The Fly: Pre-market Movers
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08:11 EDTDECKDeckers Outdoor well positioned for strong Q3 finish, says Canaccord
Canaccord believes Deckers Outdoor is well positioned for a strong Q3 finish, as its low quarter-to-date order cancellation rate bodes well for the company. The firm sees its weatherized boot category selling well, which supports the firm's belief that sales of Uggs are tracking ahead do guidance. Canaccord reiterated its Buy rating and $108 price target on Deckers Outdoor shares.
07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:03 EDTAAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
05:55 EDTJCPStocks with implied volatility movement; UTX JCP
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