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Stock Market & Financial Investment News

News Breaks
January 25, 2013
12:29 EDTSCSS, XOM, PG, NFLX, AAPL, MSFT, EGHT, OSK, TOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the Dow continues to hit fresh recovery highs and the S&P moved back above 1,500. Even the Nasdaq was in positive territory throughout the morning, in spite of another down day from Apple (AAPL)... ECONOMIC EVENTS: In the U.S., data showed new home sales fell 7.3% to a 369K rate in December, versus expectations for an increase of 2.1%. However, November sales were revised substantially higher. In Europe, the ECB announced that 278 banks will repay over EUR137B of LTRO funds at the end of this month, which was more than expected. Also, German business confidence increased more than economists forecast, as indicated by the Ifo institute's business climate index climbing to 104.2 from 102.4 in December... COMPANY NEWS: Three Dow components reported earnings last night or this morning and all three advanced after their reports. Procter & Gamble (PG) led the Dow with a nearly 4% advance after its earnings and guidance beat expectations. Microsoft (MSFT) rose nearly 1% and AT&T (T) gained over 0.6%... Apple's 2% slide took its market cap below $414B near noon, which meant Exxon Mobil (XOM), which was essentially flat, regained its spot as the most valuable company in the world with a market cap just above $416B... MAJOR MOVERS: Among the notable gainers were Oshkosh (OSK), which rose 15% after beating quarterly earnings expectations and raising its FY13 profit view, and Netflix (NFLX), which added another 14% after gaining over 42% yesterday. Among the noteworthy losers were Select Comfort (SCSS), down 18%, and 8x8 (EGHT), down 10% after their earnings reports... INDICES: Near noon, the Dow was up 56.48, or 0.41%, to 13,881.81; the Nasdaq was up 14.74, or 0.47%, to 3,145.12; and the S&P 500 was up 5.97, or 0.40%, to 1,500.79.
News For MSFT;PG;T;AAPL;XOM;OSK;NFLX;SCSS;EGHT From The Last 14 Days
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January 27, 2016
09:04 EDTNFLXNetflix could become stronger in a recession, says MKM Partners
MKM Partners analyst Rob Sanderson believes a recession would likely accelerate cord-cutting, which could improve Netflix's competitive position, and he recommends using any near-term weakness in the streaming service provider's shares to build positions. Sanderson, who calls the company's momentum in international markets "outstanding" and think Netflix's margins will be higher than incumbent media players at scale, maintains a Buy rating and $145 price target on Netflix shares.
08:16 EDTAAPLApple set-up 'increasingly attractive,' says Bernstein
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08:11 EDTAAPLApple guidance better than feared, says Morgan Stanley
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08:02 EDTAAPLApple price target lowered to $120 from $140 at Stifel
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07:59 EDTMSFTMicrosoft volatility elevated into Q2 and outlook
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07:57 EDTAAPLCiti recommends buying Skyworks on Apple weakness
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07:49 EDTAAPLApple revenue view already factored in Skyworks, Qorvo shares, says Stephens
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07:45 EDTAAPLApple price target lowered to $130 from $145 at Citi
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07:39 EDTAAPLApple price target lowered to $130 from $150 at FBR Capital
FBR Capital analyst Daniel Ives says Apple CEO Tim Cook "finally ripped the band-aid off" and lowered the company's outlook based on softer iPhone 6S demand and a choppy macro environment. Apple has a "few tough quarters ahead" pending the iPhone 7 buildup later this year, Ives tells investors in a post-earnings research note. He lowered his price target for the iPhone maker to $130 from $150 and keeps an Outperform rating on the name.
07:36 EDTAAPLApple price target lowered to $120 from $130 at UBS
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07:33 EDTAAPLApple to remain range bound , says RBC Capital
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07:23 EDTAAPLApple guidance more firm than expected, says Brean Capital
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07:18 EDTAAPLApple outlook still positive, says Oppenheimer
After Apple's guidance indicated that iPhone sales would decline during the current quarter, Oppenheimer nonetheless believes that the company's "growth potential in China and other emerging markets has not been fully realized." The firm says that patient investors in the stock will be rewarded. It keeps a $120 price target and Outperform rating on the shares.
07:03 EDTAAPLDeutsche still sees limited catalysts for Apple shares
Deutsche Bank analyst Sherri Scribner says Apple's March quarter guidance implies a "significant decline" year-over-year in iPhone units, which likely drives a decline for FY16. The analyst remains concerned about the lack of growth in iPhone units this year, the slowdown in China sales and gross margin pressure following Apple's Q1 results. She sees limited catalysts for the shares in the near term and expects the stock to be range-bound. In a post-earnings research note titled "Is Apple season over?", Scribner keeps a Hold rating on the iPhone maker with a $105 price target.
06:59 EDTT, AAPLOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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06:35 EDTAAPLiPhone 7 Plus may include dual camera system, 9to5Mac reports
Apple's iPhone 7 Plus will likely include a dual-camera system, 9to5Mac reports, citing Apple analyst KGI securities. By using two separate lenses, Apple can use the additional image data to create higher quality pictures, the report says. Reference Link
06:28 EDTAAPLApple reported strong Q1 but guided weak for Q2, says JPMorgan
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06:20 EDTAAPLPiper's Munster says Apple remains top pick for 2016
Piper Jaffray analyst Gene Munster believes Apple's "insistence on broader macroeconomic headwinds" during its Q1 earnings conference call "may have spooked investors." He points out shares are trading down 3% despite iPhone guidance coming in above buy-side expectations. If macro headwinds remain an issue for Apple, the entire market would be impacted and the iPhone maker would be a relative winner, Munster tells investors in a post-earnings research note. He believes investors will view the safety of Apple's capital return program as a positive. Munster still predicts multiple expansion for Apple given the iPhone 7 and easier comps at the end of the year. The analyst lowered his price target for the stock to $172 from $179 but says Apple remains his top pick for 2016.
06:10 EDTNFLXAmazon beats Netflix at Sundance deals, NY Post reports
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05:47 EDTAAPLTwitter close to hiring Natalie Kerris to run communications unit, Re/code says
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