News Breaks |
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| March 23, 2012 |
| 16:28 EDT |  | CPWM, BZH, KBH, BONE, AAPL, HOV, GLUU, BATS, LEN, KITD | On The Fly: Closing Wrap
Stock futures were quiet during the pre-market trading session, leading to a muted open for the broader market. The averages began the day mixed with the Nasdaq lagging the other major indices. The three major equity indices were mixed for most of the session, with the Dow and S&P moving into positive territory and the Nasdaq continuing to lag. Oil prices spiked as much as 3.0% higher during the day, but settled up roughly 1.6% as supply concerns took hold due to sanctions against Iran. Gold prices also moved higher as the U.S. dollar broke a level of support and North Korea launched a missile entering a full-fledged stage of action. ECONOMIC EVENTS: U.S. February new home sales dropped 1.6% to 313K units, missing expectations of a 1.3% increase. In Europe, Spain's borrowing costs rose over 5.5% again for first time since January... MARKET NEWS: Shares of KB Home (KBH) fell over 8% after its results missed expectations and its orders declined due to an increase in its cancellation rate. Other homebuilders including Lennar (LEN), Hovnanian (HOV), and Beazer (BZH) fell in sympathy with KB's report. BATS Global Markets (BATS) made its initial public offering, trading on its own exchange. However, it announced its stock would be halted until further notice following technical problems. Notable among its issues was a problem with Apple (AAPL), which traded 100 shares on the BATS exchange at $542.80 before a single-stock circuit breaker halted its trading…MAJOR MOVERS: Among the biggest gainers were Cost Plus (CPWM) which soared 16.5% to $18.66 after forecasting higher than expected Q1 revenue, and Glu Mobile (GLUU) which rallied 21% to $4.85 after Needham & Co. raised their rating on the shares to a "Strong Buy." The losers included Bacterin International Holdings (BONE) which tumbled 25.8% to $2.50 after announcing a wider than expected Q4 loss, and Kit Digital (KITD) which fell 22.3% to $6.33 after announcing four Board members had resigned. INDICES: The Dow rose 34.59 to 13,080.73, the S&P gained 4.33 to 1,397.11, and the Nasdaq added 4.60 to 3,067.92. |
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News For KBH;LEN;HOV;BZH;BATS;AAPL;CPWM;GLUU;BONE;KITD From The Last 14 Days Check below for free stories on KBH;LEN;HOV;BZH;BATS;AAPL;CPWM;GLUU;BONE;KITD the last two weeks. |
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| May 22, 2013 |
| 07:10 EDT |  | AAPL | Apple bonds lose $280.6M as rates increase, Bloomberg reports
Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link |
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| 07:09 EDT | | AAPL | Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports
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| 06:02 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. |
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| May 21, 2013 |
| 16:04 EDT |  | AAPL | Options Update; May 21, 2013
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| 10:00 EDT |  | BZH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. |
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| 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C |
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| 09:34 EDT |  | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. |
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| 08:12 EDT |  | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link |
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| 08:00 EDT | | BZH | Beazer Homes downgraded at Sterne Agee
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| 07:50 EDT | | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link |
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| 07:41 EDT | | LEN, KBH, HOV, BZH | JPMorgan to host a conference
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| 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
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| 06:13 EDT | | BZH | Beazer Homes downgraded to Neutral from Buy at Sterne Agee
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| May 20, 2013 |
| 17:12 EDT |  | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
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| 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. |
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| 16:02 EDT | | AAPL | Options Update; May 20, 2013
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| 15:19 EDT | | AAPL | Apple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link |
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| 12:04 EDT | | AAPL | Apple rumored to be testing OLED for iWatch, AppleInsider says
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| 09:40 EDT | | AAPL | Active equity option families trading
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| 08:47 EDT | | BZH | Beazer Homes management to meet with UBS
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