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Stock Market & Financial Investment News

News Breaks
June 13, 2014
16:43 EDTHRB, INTC, AAPL, CG, TSN, OPEN, ULTA, DG, SYNA, APO, HSH, IDIX, LULU, FDO, IGT, PPC, PCLN, MRKMarket ends week lower as Iraq fears weigh
Stocks finished the week lower, as fears about the revolution in Iraq and a potential civil war there, along with weak U.S. economic data, dragged down shares. MACRO NEWS: A revolution broke out in Iraq, as rebel fighters conquered a number of major cities in the northern section of the country and advanced towards the capital city of Baghdad. In the U.S., oil prices rose and stocks fell amid fears that a civil war could engulf Iraq, shutting down its sizable oil exports... Three key U.S. economic data points missed expectations, as an index of consumer sentiment, weekly jobless claims, and retail sales for May all missed consensus estimates. On a positive note, China said that its retail sales jumped 12.5% last month, beating market expectations and coming in at the highest level since last December. COMPANY NEWS: M&A deal flow continued to be strong. On Monday, Merck (MRK) agreed to buy Idenix (IDIX), which has developed a treatment for hepatitis C, for $3.85B, or $24.50 per share, which was more than triple the company's closing price on Friday. Tyson Foods (TSN) raised its bid for Hillshire Brands (HSH) to $63 per share in cash, or $8.55B, prompting rival Pilgrim's Pride (PPC) to withdraw its own takeover proposal. Priceline (PCLN) agreed to buy OpenTable (OPEN), which operates on online restaurant reservation platform, for $103 per share, or $2.6B. Synaptics (SYNA) agreed to buy Renesas SP Drivers, which supplies display driver chips for Apple's (AAPL) iPhones. Reuters reported that several companies, including Apollo Global (APO) and Carlyle Group (CG), are looking to buy International Game (IGT), which develops gaming equipment for casinos. Well-known activist investor Carl Icahn disclosed that he had obtained a significant stake in discount retailer Family Dollar (FDO) and subsequently told Fox Business that he may push for a merger between the company and peer Dollar General (DG)... Intel (INTC) raised its Q2 revenue outlook, citing stronger than expected demand for business PCs... Yoga apparel maker lululemon (LULU) sank after the company lowered its full-year guidance, while beauty supply store operator Ulta Salon (ULTA) and tax preparer H&R Block (HRB) rose after reporting stronger than expected results. INDEXES: The Dow was down 0.88% to 16,775.74, the S&P 500 was down 0.68% to 1,936.16, and the Nasdaq was down 0.25% to 4,310.65.
News For MRK;IDIX;OPEN;PCLN;HSH;TSN;PPC;APO;CG;IGT;SYNA;AAPL;FDO;DG;INTC;LULU;ULTA;HRB From The Last 14 Days
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February 17, 2015
09:40 EDTAAPLActive equity options trading on open
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09:19 EDTINTCDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPL, INTCMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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05:55 EDTINTCIntel to delay launch of 14nm Skylake desktop CPUs, DigiTimes reports
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February 15, 2015
16:44 EDTAAPLApple Watch could increase revenue by 10% next year, Barron's says
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16:35 EDTDGDollar General shares could rise 20%, Barron's says
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07:47 EDTAAPLHope of car positive for Apple shares, says Piper Jaffray
Piper Jaffray analyst Gene Munster said in a note to investors yesterday that the potential for a car gives investors something to look at as "the next big thing" for Apple. Munster believes the Wall Street Journal's report that Apple is building an electric car will help support the stock over the next six months. He believes it is unlikely that the company launches anything in the next five years, however. Munster reiterated an Overweight rating on Apple with a $160 price target. The stock closed Friday up 62c to $127.08.
07:46 EDTAAPLApple working on minivan-like electric vehicle, WSJ reports
Apple has "several hundred" employees working secretly toward creating an Apple-branded electric vehicle, Wall Street Journal reported yesterday, citing people familiar with the matter. The project is known internally as "Titan" and has a design that resembles a minivan, the Journal added. The Financial Times reported yesterday that the iPhone maker is recruiting experts in automotive technology and vehicle design. Reference Link
February 13, 2015
17:05 EDTPCLNAppaloosa gives quarterly update on stakes
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13:56 EDTAAPLApple working on car technology in secretive lab, FT says
Apple, which often investigates wide ranging product areas, has been recruiting automotive technology and vehicle design experts who are at work in a confidential Silicon Valley location near the company’s Cupertino campus, Financial Times reported, citing people familiar with the matter. Reference Link
09:21 EDTCGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Cytokinetics (CYTK), up 15.6%... King Digital (KING), up 22.2%... Cyberark Software (CYBR), up 19.2%... Web.com (WWWW), up 4%... CBS (CBS), up 3.4%. ALSO HIGHER: Freescale Semiconductor (FSL), up 10.9% following a New York Post report that the company is exploring a sale. Carlyle Group (CG), which owns Freescale, along with Blackstone (BX), is up 1.5%. Blackstone is up fractionally... Whiting Petroleum (WLL), up 4.4% following a Bloomberg report that the company is seeking a buyer for assets in North Dakota... Ariad Pharmaceuticals (ARIA), up 5.7% following a CNBC report that Sarissa Capital is seeking to replace Ariad CEO and Chairman Harvey Berger. DOWN AFTER EARNINGS: Knowles (KN), down 20.3%... Zynga (ZNGA). down 12.4%... J.M. Smucker (SJM), down 2.1%. ALSO LOWER: Magnachip Semiconductor (MX), down 51.7% after restating financial results... Idera Pharmaceuticals (IDRA), down 7.6% after 20M share Secondary priced at $3.75.
08:43 EDTAAPLApple price target raised to $135 from $130 at BMO Capital
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08:19 EDTMRKAckman noncommittal on McDonald's rumors, Bloomberg reports
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07:10 EDTCGFreescale said to be exploring a sale, NY Post reports
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06:14 EDTAAPLTSMC transfers more peripheral IC orders to Vanguard, DigiTimes reports
TSMC (TSM) has transferred more orders for peripheral ICs for use in Apple's (AAPL) mobile devices to Vanguard International, reports DigiTimes. According to industry sources, Vanguard has already entered Apple's supply chain by providing TSMC 8-inch production capacity for power management IC orders placed by Dialog Semiconductor. Reference Link
05:53 EDTAAPLApple price target raised to $150 from $130 at UBS
UBS analyst Steven Milunovich raised his price target for Apple shares to $150 from $130 citing the tech giant's "expanding ecosystem." Milunovich believes services based on Apple's operating system, such as Apple Pay, Car Play, HomeKit, and HealthKit, will play key role in extending Apple's reach. He believes Apple is evolving into a "platform company" from a "device company" and that this transition may bring the iPhone maker's market capitalization to $1T. Milunovich has a Buy rating on Apple. The stock closed yesterday up $1.58 to $126.46, representing a market cap of $739B.
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