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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:47 EDTNFLX, MSFT, JNPR, AAPL, HLF, IBMMarkets fall sharply on emerging market concerns
Stocks on Wall Street were lower, as the U.S. indexes had their worst week since 2012 as tepid economic data out of China and sharp declines in some emerging market currencies rattled investors. MACRO NEWS: In the U.S., reports on initial jobless claims, existing home sales and the leading economic indicators all came in roughly in-line with expectations. Markit's "flash" Purchasing Managers' Index dropped to 53.7 in the preliminary January reading. In China, the preliminary HSBC manufacturing PMI slipped below 50, indicating contraction in the sector, for the first time in six months. In Europe, a composite Eurozone PMI jumped more than a point from the prior month's reading, with both the underlying services PMI and manufacturing PMI beating forecasts. Several emerging market currencies hit multi-year lows, including the Argentinian peso, the Turkish lira, the South African rand and the Russian ruble. COMPANY NEWS: Technology stalwart's Microsoft (MSFT) and IBM (IBM) both reported quarterly earnings this week, with their reports sending shares in different directions. On Tuesday after the market close, IBM reported bottom-line earnings that beat expectations but revenues that fell short of estimates for the fourth straight quarter. During Wednesday's trading session, IBM fell 3.28% and closed the week down more than 5%. In contrast, Microsoft reported earnings last night that beat on the top and bottom lines, and reported strong sales of both its Surface tablet and Xbox gaming consoles, sending shares higher by a bit more than 2%... A number of Carl Icahn-related stocks were in the news this week, including Netflix (NFLX), one of Icahn's most profitable positions, which reported earnings that beat expectations, sending shares of the internet streaming video provider sharply higher to close the week up about 17%. In an interview with CNBC on Wednesday, Icahn was again critical of Apple's (AAPL) use of cash, and on Thursday Icahn disclosed on his Twitter account that he purchased additional shares of the iPhone maker, bringing his stake to $3.6B. Icahn also sent an open letter to Apple shareholders, calling for the company to repurchase $50B worth of stock in its fiscal 2014. Herbalife (HLF) shares fell more than 16% this week after Massachusetts Senator Ed Markey asked the SEC and FTC to investigate the multi-level marketer as a possible pyramid scheme. Icahn is long shares of Herbalife against Bill Ackman's public short of the company... Juniper Networks (JNPR) last night reported earnings and revenue that beat expectations and said it will announce a new operational plan shortly, an announcement that follows a presentation from activist investor Elliott Management earlier this month that urged the company to return capital to shareholders. Noted investor JANA Partners also backed Elliott's plan for efforts to unlock shareholder value at Juniper, and shares of Juniper finished the week up more than 6%. INDEXES: The Dow lost about 3.5% to close at 15,879.11; the S&P 500 lost 2.6% to close at 1,790.29; the Nasdaq lost 1.6% to close at 4,128.17.
News For MSFT;IBM;AAPL;NFLX;HLF;JNPR From The Last 14 Days
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June 23, 2015
09:00 EDTAAPLTelus, BCE, Rogers to roll out mobile payments app, Bloomberg reports
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08:04 EDTAAPLApple Watch launch buzz lagging behind other devices, says Bernstein
After analyzing Internet search data, Bernstein estimates that the Internet "buzz" on the Apple Watch was only about 1/3 of the iPhone at its launch and about 1/4 of the iPod at its launch. Based on this data, the firm estimates that Apple will sell only 750,000 units of the Watch in Q3 and 1.3M in Q4. Nonetheless the firm thinks the Watch can be accretive to Apple's gross margins and could generate significant sales volumes going forward. Bernstein keeps a $142 price target and Outperform rating on Apple.
07:41 EDTIBMRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
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06:05 EDTMSFT, AAPLNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTIBM, MSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTAAPL, MSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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05:33 EDTJNPRJuniper, Ruckus Wireless announce new technology alliance
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June 22, 2015
19:36 EDTAAPLApple Music artist royalties may be 'insignificant' during trial, WSJ says
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16:00 EDTAAPLOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM
14:42 EDTMSFT, AAPLOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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13:33 EDTAAPLApple iPhone redesign without home button not before 2017, AppleInsider says
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09:40 EDTAAPLActive equity options trading on open
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08:09 EDTAAPLMasimo receives CE Mark for MightySat Rx pulse oximeter
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07:46 EDTAAPLApple CEO: Chinese consumer tastes weighed in product designs, Bloomberg says
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07:39 EDTNFLXNetflix price target raised to $950 on business momentum at BTIG
BTIG raised Buy rated Netflix's price target to $950 from $600 citing business model momentum. The firm's analyst believes Netflix can grow substantially beyond 50M domestic subs. In addition, as the MVPD bundle unravels, BTIG expects consumers will have money to spend on Netflix and other SVOD services. As the price/value of Netflix grows, the firm believes there is substantial upside potential to its ARPU estimates. BTIG expects Worldwide streaming subs to expand to over 108M by 2017, up from 101M, compared to 57M at year-end 2014. Furthermore, BTIG believes Netflix could reach 140M global subscribers by 2020.
05:59 EDTAAPLApple developing in-house TDDI solutions, DigiTimes reports
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05:55 EDTAAPLApple changes tune over music streaming royalties, Financial Times says
Apple has agreed to pay for all the music carried on its new streaming music service during free trials, reports the Financial Times. The company signaled the climbdown after singer Taylor Sift released an open letter Sunday that denounced Apple Music as "shocking" and "disappointing.", adding that her views were shared by "every artist, writer and producer" in her social circles. The company will now pay for the music it streams during free trials, though it would pay less for each stream than it will when a user has taken a full subscription. Reference Link
05:39 EDTIBMNidec, IBM Japan to jointly develop IoT Technology
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June 21, 2015
14:44 EDTMSFTFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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