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News For MSFT;INTC;AAPL From The Last 14 Days
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October 13, 2015
06:28 EDTAAPLApple Stores coming to India, Economic Times reports
Apple is set to launch its Apple stores in India in partnership with Tata-owned Croma, which will host Apple at six of its location as a pilot, the Economic Times reports. "We are proud to partner Apple to launch the Apple Store in India and extremely bullish about it," said Avijit Mitra, chief executive officer of Infiniti Retail, which owns Croma. "These stores will be modeled on the global design and will offer the best experience to consumers, showcasing the entire range of Apple products." Reference Link
06:05 EDTMSFTMicrosoft, Yandex announce cooperation to deliver Windows 10 with Yandex Search
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October 12, 2015
18:53 EDTAAPLApple app prices rising in some markets due to exchange rates, 9to5Mac says
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16:00 EDTINTC, AAPLOptions Update; October 12, 2015
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14:19 EDTINTCIntel October volatility elevated into Q3 and outlook
Intel October call option implied volatility is at 48, November is at 28; compared to its 52-week range of 17 to 38, suggesting large near term price movement into the expected release of Q3 results on October 13.
13:15 EDTINTCIntel technical comments ahead of earnings
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11:29 EDTAAPLBattleground: Analysts diverge on Apple with new iPhone forecasts
Two research firms had very different views on the outlook for Apple's (AAPL) iPhone sales today. Citing "surprisingly robust" demand in the U.S. and China" and "record iPhone share gains," Morgan Stanley raised its fiscal 2016 iPhone unit growth estimate to up 7% from up 3%. Meanwhile, Pacific Crest estimates that 67M iPhones will be shipped in the fourth quarter, versus the consensus outlook of 76M. BULLISH TAKE: After conducting surveys about smartphones in the U.S. and China, Morgan Stanley analyst Katy Huberty raised her fiscal 2016 iPhone unit growth estimate to 7% from 3%. Moreover, iPhone unit growth could realistically reach 12% in fiscal 2016 in a bullish scenario, the analyst stated. The percentage of U.S. consumers who expect to buy a smartphone over the next 12 months has risen compared with a year ago, Huberty reported. Meanwhile, China, where consumers replace their smartphones more often, is becoming a bigger part of the global smartphone market, she stated. Additionally, Apple's share of the high end smartphone market in China should increase 16 percentage points, while its share of the U.S. smartphone market should increase four percentage points, the analyst estimated. She raised her price target on Apple to $162 from $155 and kept an Overweight rating on the shares. BEARISH TAKE: After conducting checks with iPhone component makers, Pacific Crest analyst John Vinh reported that Apple, "in response to disappointing sales," had reduced its component orders for Q4 by about 15%. Based on his conversations with carriers, Vinh believes that initial sales of Apple's iPhone 6s have been below expectations. The analyst expects Q4 iPhone sales to come in at 67M versus the consensus estimate of 76M. WHAT'S NOTABLE: Vinh trimmed his estimates on iPhone component makers Analog Devices (ADI), ARM Holdings (ARMH), Avago (AVGO), InvenSense (INVN), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA). However, the analyst is upbeat on the longer term outlook for ARM Holdings, Avago and Skyworks and recommends buying those names on "any meaningful pullbacks." In conjunction with her note, Huberty recommended that investors own the shares of iPhone component makers Qualcomm (QCOM), Sony (SNE) and ARM Holdings, as well as those of SanDisk (SNDK), which develops flash memory used in the iPhone. PRICE ACTION: In late morning trading, Apple was flat near $112 per share.
09:34 EDTAAPLActive equity options trading on open
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08:24 EDTAAPLApple FY16 iPhone forecast raised at Morgan Stanley
Morgan Stanley said its US/China smartphone survey was surprisingly robust and points to market growth and record iPhone share gains. Smartphone demand remains surprisingly robust driven by shrinking replacement cycles, according to analyst Katy Huberty. The firm's analyst expects Average Selling Prices to rise, especially in China, further supporting growth. Huberty raised her FY16 Apple iPhone unit growth estimates to +7% from +3%, with a potential bull case of +12%, driven by the strong upgrade cycle and share gains. Huberty rates Apple an Overweight and increased her price target on shares to $162 from $155.
07:48 EDTAAPLIncreased risk for Apple iPhone Q4 consensus shipment estimate seen at Pacific Crest
After conducting supply chain checks and obtaining feedback form carriers, Pacific Crest believes that the risk of Apple missing the Q4 consensus iPhone shipment estimate of 76M has increased. The firm estimates that 67M iPhones will be shipped in Q4.
07:41 EDTINTCIntel Q3 results should beat expectations, says Pacific Crest
Pacific Crest continues to believe that Intel is benefiting from PC component restocking and reaccelerating data center orders. The firm notes that it is believed that the Q3 shipments of motherboard manufacturers rose 15%-20% in Q3 versus Q2. It expects Intel to report better than expected Q3 results and provide in-line Q4 guidance. It keeps a $35 price target and Overweight rating on the shares and recommends buying the stock.
06:11 EDTAAPLApple disables news app in China, NY Times reports
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October 11, 2015
12:46 EDTINTCMicron shares could rally 60% to $30 in one year, Barron's says
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October 9, 2015
18:24 EDTAAPLTesla CEO Musk says Apple watch functionality not 'compelling yet'
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16:32 EDTINTCOn The Fly: Top stock stories for Friday
Stocks on Wall Street finished the session higher, with the Nasdaq, Dow and the S&P 500 finishing higher than Thursday's closing level. Despite the lackluster trading in the last day of the week, the averages enjoyed one of their best weekly performances of the year. Still, investors remain cautious on the upcoming earnings season, and that caution was not dispelled by the worse than expected report from Alcoa (AA) last night. Next week's earnings calendar is dominated by banking and insurance, but at the same time earnings will also be reported by high-fliers such as Netflix (NFLX) and old line tech such as Intel (INTC). ECONOMIC EVENTS: In the U.S., import prices slid 0.1% in September, while export prices declined 0.7%. Wholesale inventories edged up 0.1% in August, while sales fell 1.0%. COMPANY NEWS: Shares of Alcoa declined 76c, or 6.86%, to $10.26 after it unofficially kicked off the earnings season by reporting lower than expected revenue and profits... Shares of Tesla (TSLA) fell $6.04, or 2.67%, to $220.68 after Barclays analyst Brian Johnson downgraded the stock to Underweight, his firm's equivalent of a sell rating, saying it may be "challenged in the months ahead" with negative data points emerging. The analyst, who believes the "slow" Model X ramp supports his view that Tesla will "significantly miss" its 2015 delivery guidance, cut his price target for the electric car maker's shares to $180 from $190. MAJOR MOVERS: Among the notable gainers was SolarWinds (SWI), which gained $5.61, or 13.4% , to $47.49 after the company confirmed a Reuters report that it has commenced a review of its strategic alternatives. According to the news service, the company has already held talks with several private equity firms about a potential leveraged buyout. Also higher were shares of two major airlines, American Airlines (AAL) and United Continental (UAL), which rose 6.74% and 6.67% after reporting on their September traffic. American said its traffic rose 7.2% in September, while United reported that its traffic increased 1.4% last month. Among the noteworthy losers was Ruby Tuesday (RT), which fell 80c, or 12.12%, to $5.80 after the casual dining restaurant operator reported lower than quarterly sales and profits. Also lower was GAP (GPS), which sunk to a fresh 52-week low of $26.50 during the session after reporting last night that its comparable store sales were down 1% in September. Shares of the apparel retailer, which owns its namesake brand as well as Old Navy and Banana Republic, closed the day down $1.53, or 5.3%, at $27.42. INDEXES: The Dow rose 33.74, or 0.2%, to 17,084.49, the Nasdaq gained 19.68, or 0.4%, to 4,830.47, and the S&P 500 rose 1.46, or 0.07%, to 2,014.89.
16:00 EDTAAPLOptions Update; October 9, 2015
iPath S&P 500 VIX Short-Term Futures up 1c to 21.29. Option volume leaders: AAPL FB NFLX GE TWTR AA TSLA BABA XOM GPRO
14:12 EDTINTCOn The Fly: Weekly technical notes ahead of earnings from financials, Netflix
The S&P 500 (SPX) has staged a strong comeback, which appears to have been triggered technically by a move above 1950 last Friday. This level has been a relative constant in recent months as both support and resistance. The reason for that becomes clear when one looks at the traverse over the last month from high to low, and again the bounce to current highs. The high of what for now is the new range is at 2020 and the low is at 1870. The 1945 level becomes the midpoint, with moves above it signaling runs to the top of the range as favorable. Equally, moves below 1945 have seen the opposite reaction. The bulk of the rally in the last week has been provided by very strong snap-backs in Energy (XLE) and Materials (XLB), with the Financials (XLF) holding their own as well. Weakness has been seen in Technology (XLK) and Health Care (XLV), with the latter previously having been the index leader. Emerging Markets also gained traction, with China playing catch-up after a week of market closure. These recoveries have done much to improve bullish sentiment. Given the fundamental backdrop, it isn't clear how much further Energy and Materials can go on the upside. But we will have a real test in the coming week as to the disposition of the Financials, as the earnings calendar is dominated by banking and insurance. If earnings and outlooks are strong for the sector, we could see a breakout which could, all other sectors remaining roughly where they are today, result in a test of what had previously been support in the S&P 500 at 2050. Any move above that level could see buyers coming back in for fear of missing a larger potential move. At the same time that the Financials will be reporting, earnings will also be reported by high-fliers such as Netflix (NFLX) and old line tech such as Intel (INTC). We have seen some rather severe downside reactions in names that have disappointed in the past week. Should either of those names slip substantially, the chances of a sustainable broader rally would diminish. The calendar is packed extra-full next week, given the absence of names reporting on Monday, with a very back-end loaded week. That puts the risk now squarely on the bulls. The 50-day moving average for the index needs to be watched as a resumption below it would put the chances of a larger recovery in doubt. The 50-day was last at 1992.68.
13:22 EDTAAPLJapanese fund considering direct investment in Sharp, Nikkei says
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10:12 EDTAAPLCLSA internet analyst holds an analyst/industry conference call
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10:07 EDTINTCEU set to approve Intel offer for Altera without concessions, Reuters says
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