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Stock Market & Financial Investment News

News Breaks
February 11, 2013
12:05 EDTHEK, REGN, BBRY, NVO, GOOG, AAPL, GMCR, SNY, HD, NDAQOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday with the averages moving in a narrow range as earnings season nears a close... ECONOMIC EVENTS: In the U.S., no major economic data was reported. In Europe, a meeting of finance ministers of the countries using the euro convened, with the strength of the shared currency, how to handle a bailout for Cyprus and progress in Greece likely to be discussed. In Asia, Chinese and Japanese markets were closed for holidays... COMPANY NEWS: Google (GOOG) slid about 1% after Chairman Eric Schmidt disclosed plans to sell 3.2M of the shares he holds, valued at $2.5B... Apple (AAPL) iPhones will replace Blackberry (BBRY) handsets for Home Depot (HD) managers and corporate staffers, according to a blog report. Shares of Apple rose nearly 2% amid that and the usual torrent of other news surrounding the world's biggest tech company, including rumors of a new "iWatch" that is under development. Its strength may have also been related to continued speculation around what, if anything, CEO Tim Cook may announce tomorrow in terms of plans to return capital to shareholders... MAJOR MOVERS: Among the notable gainers was Nasdaq (NDAQ), which jumped over 5% after Charles Gasparino of Fox Business said the company held "going private" talks with Carlyle Group (CG) that broke down but may resume. Also higher was Regeneron (REGN), which rose 4% after it disclosed that its partner Sanofi (SNY) plans to raises its stake by purchasing Regeneron shares. Sanofi was also higher by 3%, but that may have had more to do with the FDA directing Novo Nordisk (NVO) to carry out a new study on its competing insulin product prior to U.S. approval. Novo Nordisk shares fell 14% following the FDA decision. Also lower were shares of Heckmann (HEK), which declined 8% following a downgrade at Wedbush, and Green Mountain (GMCR), which slid 4% after a downgrade at Dougherty... INDICES: Near noon, the Dow was down 17.32, or 0.12%, to 13,975.65; the Nasdaq was down 2.60, or 0.08%, to 3,191.27; and the S&P 500 was down 0.65, or 0.04%, to 1,517.28.
News For NDAQ;AAPL;BBRY;HD;GOOG;REGN;SNY;NVO;HEK;GMCR From The Last 14 Days
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December 8, 2014
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
05:58 EDTNDAQNASDAQ upgraded to Outperform from Market Perform at Keefe Bruyette
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December 7, 2014
13:47 EDTGOOGGoogle could reach $634 in a year, Barron's says
Google shares look attractive at current levels and shares could reach $634.00 in a year, driven by stabilizing ad pricing, Barron's contends in a feature article. Reference Link
December 5, 2014
12:50 EDTGOOGOn The Fly: Midday Wrap
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11:23 EDTAAPLOption volume leaders
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10:20 EDTGOOGYahoo rises, Google falls after BofA changes ratings on both
Shares of Yahoo (YHOO) are rising and Google's (GOOG, GOOGL) stock is falling after Bank of America Merrill Lynch upgraded Yahoo and downgraded Google. WHAT'S NEW: Bank of America analyst Justin Post upgraded his rating on Yahoo to Buy from Neutral. Post said he had previously not expected to obtain information about Yahoo's strategy for avoiding taxes on the sale of its stake in Chinese e-commerce giant Alibaba (BABA) at least until well into 2015. However, Yahoo's CFO recently stated that the company continued to be optimistic that it would be able to cut its tax bill and added that the company would divulge its plans for doing so during its next earnings conference call. Yahoo's next earnings conference call is expected to take place by the end of next month, Post noted. He set a $62 price target on Yahoo shares. Meanwhile, Post downgraded Google to Neutral from Buy. The analyst thinks the company is facing several headwinds, including the maturity of its search business, a lack of products that can provide catalysts, and margin pressures as it invests in competitive businesses. As a result of these headwinds, Google's results are likely to be below expectations, Post believes. Meanwhile, the company is also facing increased regulatory risk, particularly in the EU, and increased competition from Facebook (FB) and other social networks. He trimmed his price target on Google to $580 from $600. PRICE ACTION: In early trading, Yahoo climbed 1% to $50.94, while Google class A shares declined 1.5% to $534.33.
10:18 EDTBBRYBlackBerry calls active on renewed takeover chatter
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10:00 EDTGOOGOn The Fly: Analyst Downgrade Summary
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09:44 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
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09:36 EDTAAPLActive equity options trading
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08:55 EDTGOOGYahoo seen overtaking Twitter in U.S. mobile ad market share, WSJ reports
Research firm eMarketer predicts Google (GOOG, GOOGL) and Facebook (FB) will account for about 35% and 17%, respectively, of the U.S. mobile ad market in 2015, but the firm also expects Yahoo (YHOO) will edge past Twitter (TWTR) in terms of mobile ad revenue, with projected market shares of 3.74% and 3.69%, respectively, reported The Wall Street Journal. Reference Link
08:35 EDTHDHome Depot continues to execute at very high level, says RW Baird
Baird said Home Depot continues to operate and execute at a very high level and should remain a stable port in the choppy retail environment. The firm reiterates its Outperform rating and $110 price target on Home Depot shares, citing operational efficiencies across the organization and a balanced approach to capital allocation.
08:14 EDTGOOGGoogle volatility low into being downgraded to Neutral from Buy at BofA/Merrill
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07:45 EDTAAPLConsensus on Apple iPhone units could be low, says UBS
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07:38 EDTGOOGFollow-up: Google downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Google to Neutral from Buy. The firm lowered estimates slightly below the Street due to lack of product catalysts, search maturity, and margin pressure from investments. BofA/Merrill is also cautious on online advertising growth given increased regulatory risk in the EU, potential Facebook (FB) competition, share loss from social growth, and a strong Apple (AAPL) product cycle. Price target lowered to $580 from $600.
07:28 EDTGOOGGoogle downgraded to Neutral from Buy at BofA/Merrill
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06:41 EDTAAPLApple questions validity of plaintiffs in iPod case, NY Times says
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06:15 EDTGOOGGoogle revamps incentive program for firms that sell productivity apps, services
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06:03 EDTGOOG, AAPLiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
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