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Stock Market & Financial Investment News

News For NDAQ;AAPL;BBRY;HD;GOOG;REGN;SNY;NVO;HEK;GMCR From The Last 14 Days
Check below for free stories on NDAQ;AAPL;BBRY;HD;GOOG;REGN;SNY;NVO;HEK;GMCR the last two weeks.
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May 17, 2013
16:00 EDTGOOG, AAPLOptions Update; May 17, 2013
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14:03 EDTGOOGMarket set to finish week with gains after Cisco results, comments
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12:13 EDTAAPLSamsung says S4 sales to reach 10M next week, Korea Times says
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12:01 EDTAAPLiPad mini panel shipments from AUO expected to drop this quarter, DigiTimes says
AU Optronics' (AUO) shipments of panels for Apple's (AAPL) iPad minis are expected to sink to 2.5M-2.8M in Q2 from 4M in the first quarter, Taiwan-based supply chain sources stated, according to DigiTimes. Reference Link
11:05 EDTAAPLApple devices approves for use on U.S. military networks, Bloomberg says
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10:13 EDTBBRYBlackBerry Z10 helps company regain Canadian market share, AllThingsD says
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10:07 EDTREGNOn The Fly: Analyst Initiation Summary
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09:57 EDTAAPLApple devices approved for use by Pentagon, Bloomberg reports
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09:38 EDTGOOGGoogle rises following price target bump, levels to watch
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09:37 EDTAAPL, GOOGActive equity option families trading on open
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08:53 EDTGOOGGoogle price target raised to $1,065 from $875 at Argus
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08:03 EDTSNYSanofi reports positive topline results from pivotal Phase III Jakarta study
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07:16 EDTREGNRegeneron initiated with a Neutral at UBS
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07:11 EDTAAPLApple to suggest tax reform for offshore cash, Bloomberg reports
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07:10 EDTGOOGU.K. to question Amazon over income tax, Reuters reports
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06:43 EDTAAPLApple disputing government's e-book allegations, NY Times says
Apple (AAPL) is aggressively combating the U.S. government's contention that it pushed Amazon.com (AMZN) and publishers to raise e-book prices,The New York Times reported yesterday, citing court papers filed this week. Amazon and publishing companies were already looking to use a different pricing model before Apple joined the e-book business in 2000, the newspaper quotes Apple as stating. A trial over the Justice Department's lawsuit against Apple regarding e-book pricing is slated to start June 3, the newspaper noted. Reference Link
06:36 EDTGOOGGoogle to add new apps to Google Glass, NY Times says
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06:33 EDTREGNAmerican Thoracic Society to hold a conference
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06:12 EDTAAPLApple losing its edge as innovator, poll shows, Bloomberg reports
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06:06 EDTAAPLOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports.
05:51 EDTNDAQRegulators target exchanges, WSJ reports
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05:18 EDTSNYSanofi says JAK2 inhibitor for myelofibrosis met primary endpoint
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May 16, 2013
18:42 EDTGOOGGoogle sent letter by Congress over Glass privacy issues, WSJ reports
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14:01 EDTAAPL, GOOGOptions Update; May 16, 2013
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13:42 EDTGMCRGreen Mountain price target raised to $92 from $63 at Argus
Argus raised Green Mountain's price target citing the strong Q2 report.
13:05 EDTGOOG, AAPLSpending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link
10:25 EDTGOOGMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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10:20 EDTAAPLApple reverses sharply higher after breaking below $420
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10:03 EDTAAPLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amazon.com (AMZN) initiated with a Buy at Lazard Capital... Apple (AAPL) initiated with a Neutral at Susquehanna... Churchill Downs (CHDN) initiated with a Buy at Brean Capital... Interpublic Group (IPG) initiated with an Overweight at Evercore... Monarch Casino (MCRI) initiated with a Buy at Brean Capital... Stillwater Mining (SWC) coverage resumed with an Outperform at Wells Fargo... Wabtec (WAB) initiated with an Overweight at Atlantic Equities... eBay (EBAY) initiated with a Buy at Lazard Capital... Dangdang (DANG) initiated with a Buy at BofA/Merrill... Coeur d’Alene Mines (CDE) coverage resumed with a Neutral at JPMorgan... ValueClick (VCLK) initiated with an Underperform at Northland Securities... Yelp (YELP) initiated with an Outperform at Cowen.
09:44 EDTAAPLApple falls in early trading, levels to watch
The shares are down over 1.6% to $420.77. At that price, next support is at $419.85. Resistance is at $424.85. Among issues that could be contributing to the price decline are continued cutting of postions by hedge funds long the stock, a news item that Apple and its supplier Foxconn are violating work-hour laws in China, and a U.S. Senate inquiry into its treatment of taxes and non-patriated foreign profits.
09:36 EDTGOOG, AAPLActive equity option families trading on open
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08:36 EDTAAPLApple says over 50B apps downloaded from App Store
Apple announced that customers have downloaded over 50B apps from its App Store. Customers are downloading more than 800 apps per second at a rate of over two billion apps per month on the App Store, the company added.
07:40 EDTAAPLFoxconn and Apple exceeding work-hour laws in China, WSJ reports
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07:36 EDTGOOGGoogle price target raised to $1,025 from $830 at RW Baird
RW Baird raised its price target for Google shares to $1,025 following the company's I/O conference and keeps an Outperform rating on the name. Baird thinks Chrome continues to gain momentum and that yesterday's event highlighted Google's technology advantages. Shares of Google closed yesterday up $28.79 to $915.89, and are indicated up another $5.66 in pre-market trading.
07:10 EDTGOOGGoogle to help with supercomputing project, WSJ reports
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07:02 EDTGOOGYouTube demands that Microsoft pull YouTube app, The Verge reports
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06:47 EDTAAPLApple initiated with a Neutral at Susquehanna
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06:08 EDTGOOGOn the Fly: Periodicals Wrap-Up
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05:59 EDTGOOGHigh tech firms involved in immigration battle, WSJ reports
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May 15, 2013
17:09 EDTGOOG, AAPLGreenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG).
17:03 EDTGOOG, AAPLSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:24 EDTGOOGOn The Fly: Closing Wrap
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16:08 EDTGOOGGoogle sites lead U.S. April searches with 66.5% of searches, comScore says
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16:02 EDTAAPL, GOOGOptions Update; May 15, 2013
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15:55 EDTAAPLApple slide attributed to 13F filings, bearish '$240 per share' call, BI says
With Apple's stock down sharply over the last two days, analysts and media sources searching for a reason have pointed to 13F filings that show hedge funds have been trimming or liquidating their positions, as well as a publicized call from an Apple bear who said the stock is only worth $240 per share based on its Return On Invested Capital, said Business Insider. Reference Link
15:16 EDTSNYSanofi systemic sclerosis treatment designated for orphan drug status
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14:27 EDTGOOGGoogle unveils redesigned Maps for mobile
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13:20 EDTAAPLApple's slide picks up momentum, levels to watch
The shares have been on a very steady downward track today, last at $426.45. That is a loss of over 3.9%. At current price, next support would be at $420.05. Resistance is at $428.43.
13:01 EDTGOOGGoogle says Chrome browser now has over 750M users
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12:59 EDTGOOGGoogle confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.
12:53 EDTGOOGGoogle says All Access music service available for $9.99 per month
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12:49 EDTGOOGGoogle announces subscription streaming music service
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12:26 EDTGOOGGoogle announces Google Play Game Services
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12:13 EDTGOOGGoogle says 900M Android devices now activated worldwide
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11:37 EDTAAPLMicrosoft replacing Xbox points with gift cards, currency, The Verge reports
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11:13 EDTGMCROptions with decreasing implied volatility: MM GMCR GRPN THRX SGMO
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10:13 EDTBBRYOn The Fly: Analyst Downgrade Summary
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10:02 EDTGOOGGoogle breaks out above round-number resistance at $900
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10:01 EDTGOOGGoogle volatility decreases as shares rally to record into Google I/O
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09:55 EDTAAPLApple slides further, levels to watch
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09:55 EDTAAPLTiger Management liquidates stake in Apple
Julian Robertson's Tiger Management disclosed today in its quarterly filing that it held no position in Apple. The hedge fund reported owning 42K shares of Apple as of December 31, 2012.
09:43 EDTGOOGActive equity option families trading on open
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09:32 EDTAAPLInvenSense has multiple positive catalysts, says Pacific Crest
Pacific Crest thinks that InvenSense (INVN) remains extremely well positioned to penetrate Apple (AAPL) this year. The firm expects InvenSense to recover market share on Samsung's (SSNLF) Galaxy Note 3, and it recommends buying InvenSense shares.
09:25 EDTAAPLApple unlikely to launch low cost iPhone, says Pacific Crest
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09:19 EDTGOOGOn The Fly: Pre-market Movers
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08:56 EDTAAPLApple fingerprint sensor seems confirmed by PayPal exec, BGR says
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08:33 EDTGOOGGoogle to announce "pure" Android version of Galaxy S4, Geek.com says
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08:24 EDTBBRYBlackBerry announces Los Angees Sheriff's Department deploys BB10, Enterprise
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08:19 EDTGOOG, AAPLSamsung shipped 6M Galaxy S4 devices through May 10, androidcentral says
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08:08 EDTAAPLPC sales decline in Western Europe, Economic Times reports
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07:52 EDTHDHome Depot June volatility low into Q1 and revenue growth outlook
Home Depot June, July and August call option implied volatility is at 17; below its 26-week average of 21 according to Track Data, suggesting decreasing price movement into the expected release of Q1 results on May 21.
07:48 EDTBBRYBlackBerry downgraded at Bernstein
As previously reported, Bernstein downgraded BlackBerry to Market Perform from Outperform. The firm downgraded shares based on valuation, lack of near-term catalysts, and risk the company does not meet high expectations. Price target lowered to $15 from $22.
07:39 EDTGOOGGoogle to host a conference
Google I/O 2013 is being held in San Francisco on May 15-17.
07:26 EDTGOOGGoogle price target raised to $996 from $932 at Morgan Stanley
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07:21 EDTGOOGPandora down 4% to $16.10 after reports of Google music service
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06:52 EDTGOOGGoogle won't connect YouTube, Google Play music offerings, AllThingsD says
Google is expected to launch music subscription services on both YouTube and Google Play, but won't connect the two services, unnamed music industry sources stated, according to AllThingsD.As a result, YouTube's free music won't help sell subscriptions to Google Play's service, the website stated. Reference Link
06:42 EDTAAPLU.S. says Apple was "ringmaster" in e-book price fixing scheme, NY Times says
The Justice Department is alleging that Apple (AAPL) was "the ringmaster" in an e-book price fixing scheme, according to The New York Times, citing a lawsuit filed by the agency. One piece of evidence the agency is using to try to prove that charge is an e-mail from former Apple CEO Steve Jobs to News Corp's (NWSA) James Murdoch, in which Jobs allegedly suggested that the two companies set specific prices for e-books, the newspaper added. Reference Link U
06:19 EDTBBRYBlackBerry downgraded to Market Perform from Outperform at Bernstein
Price target lowered to $15.
05:59 EDTHDCorporate boards recruit newcomers with digital knowledge, WSJ reports
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05:39 EDTSNY, REGNSanofi, Regeneron announce patient enrollment in two Phase 3 trials
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May 14, 2013
18:39 EDTGOOGGoogle to launch Spotify-like music service, WSJ reports
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17:50 EDTGOOGGoogle to launch Spotify-style streaming music service, DJ reports
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16:00 EDTAAPLOptions Update; May 14, 2013
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15:16 EDTAAPLApple fades to session lows, down over 2%, levels to watch
The shares last hit $443.92 at time of writing. Next support below is at $439.29. Resistance is at $445.25, a prior pivot high.
15:03 EDTBBRYBlackBerry falls after company update, levels to watch
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14:36 EDTBBRYTone at BlackBerry user conference more upbeat this year, says RBC Capital
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13:59 EDTAAPLApple shares drop, down 2% to $445.84
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13:54 EDTGOOGGoogle CEO Page discloses left vocal chord paralysis
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12:32 EDTBBRYOn The Fly: Midday Wrap
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11:56 EDTBBRYBlackBerry mobile device management opportunity underappreciated, says Jefferies
Jefferies said Blackberry's mobile device management, or MDM, opportunity is underappreciated. The firm expects MDM software to gain traction throughout the year and significantly ramp revenues next year, enabling the company to transition to an attractive business model. Shares are Buy rated with a $22 price target.
11:44 EDTGMCROptions with decreasing implied volatility: GRPN MAKO GMCR EZCH SGMO
11:12 EDTGOOG, AAPL, BBRYBlackBerry plans to bring BBM to iOS, Android this summer
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11:01 EDTAAPL, BBRY, GOOGBlackBerry says bringing BBM platform to iOS, Android
Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.
10:07 EDTAAPLGroupon introduces Breadcrumb point-of-sale app for iPad
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09:54 EDTGOOGSynacor to present Cloud ID with Google+
Synacor (SYNC) announced it will demo Cloud ID Social Login with Google+ and advanced TV Everywhere technologies in the Developer Sandbox at Google I/O, May 15-17.
09:44 EDTBBRYSprint says will launch BlackBerry Q10 in U.S. in late Summer
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09:41 EDTBBRYBlackBerry introduces Q5 smartphone with keyboard for select markets
BlackBerry introduced the BlackBerry Q5, a BlackBerry 10 smartphone for selected markets that features a QWERTY keyboard with discrete keys. The new BlackBerry Q5 smartphone will be available in selected markets in Europe, the Middle East, Africa, Asia including the Asia Pacific region, and Latin America, with expected availability beginning in July.
09:38 EDTAAPLActive equity option families trading on open
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09:35 EDTBBRYBlackBerry says Q5 mid-tier phone with keyboard to launch this Summer
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09:34 EDTBBRYBlackBerry says U.S. carriers to roll-out update of BB10 OS later this month
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09:34 EDTBBRYBlackBerry announces Q5 phone, a QWERTY device for emerging markets
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09:32 EDTBBRYBlackBerry CEO says U.S. carriers to start selling Q10 in early June
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09:25 EDTGOOGGoogle to expand Fiber service to Gladstone, Missouri
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08:18 EDTAAPLDavid Tepper says Citigroup position 'more than twice' Apple stake
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08:16 EDTAAPLDavid Tepper says Apple shares 'ok' at current levels
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08:15 EDTAAPLDavid Tepper says still owns Apple, cut stake 'a little bit'
David Tepper of Appaloosa Management is speaking on CNBC.
08:01 EDTBBRYBlackBerry speculated to introduce low-cost phone at conference, AP says
With BlackBerry CEO Thorsten Heins set to speak this morning at the company's annual three-day conference, speculation remains that the company will introduce a lower-priced phone at the event, according to Associated Press. Reference Link
07:50 EDTAAPLApple to reach 50B app downloads before Wednesday, Fortune reports
Apple is expected to reach 50B app downloads in before midnight Tuesday, reports Fortune. With apps being downloaded at the rate of 580 per second today, things may accelerate considerably as the goal approaches. Reference Link
07:50 EDTAAPLSharp to seek increased sales to Samsung, Reuters reports
Sharp Corp. (SHCAY), a supplier to Apple (AAPL), will look to increase sales to rival Samsung Electronics (SSNLF) under a three-year rehabilitation roadmap to secure its survival, reports Reuters. The business plan is expected to be released today, and will lean further on banks that last year saved it from failure, as a $2B convertible bond will fall due in September, sources say. Reference Link
07:34 EDTREGNRegeneron outlook positive, says RBC Capital
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07:32 EDTGOOGGoogle ordered to change search hints by German court, AP reports
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07:31 EDTHEKCredit Suisse to host a conference
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06:52 EDTGOOGGoogle likely to focus on new Android services at conference, AllThingsD says
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06:22 EDTAAPLGartner reports Q1 mobile phone sales growth
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05:53 EDTAAPLWeb browsers are being reinvented, WSJ reports
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May 13, 2013
15:45 EDTAAPLOptions Update; May 13, 2013
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13:21 EDTGOOGGoogle unifies storage limit, says 15 GB available free across services
Google announced earlier in a blog post that its users will now get 15 GB of unified storage for free to use between Drive, Gmail, and Google+ Photos. The changes to Google Drive storage will roll out over the next couple of weeks and Google Apps users will also be getting shared storage, the company said. Reference Link
10:24 EDTAAPLFollow-up: Wedge Partners believes InvenSense shipping units to Apple
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09:44 EDTBBRYBlackBerry shares rise in early trading, levels to watch
The stock is up over 2.5% at time of writing, last at $15.94. RBC Capital noted today that sell through of the company's Q10 appeared healthy. Another alternative to Apple (AAPL), Nokia (NOK) is also on the rise today. At current price, next resistance is at $16.48. Support is at $15.47.
09:44 EDTSNYSeveral companies reportedly interested in buying Adcock Ingram, Globes says
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09:39 EDTAAPLActive equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR
08:14 EDTGOOGGoogle volatility at low end of range as shares near record high into Google I/O
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08:06 EDTBBRYBlackBerry Q10 sell through looks healthy, says RBC Capital
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07:58 EDTAAPLBarclays' technology research team holds analyst/industry conference call
Analyst Research Team discusses the supply chain and major trends on an Analyst/Industry conference call to be held on May 13 at 10 am.
07:49 EDTGOOGGoogle price target raised to $950 from $875 at BofA/Merrill
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07:30 EDTSNYTechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16.
06:40 EDTGOOG Facebook Home not very popular so far, AllThingsD says
Less than 1M people have downloaded Facebook's (FB) new Android app, Facebook Home, since the app was released about a month ago, AllThingsD reported Friday afternoon, citing statements by the social network. As far as popularity is concerned, the app is "not exactly a home run," AllThingsD stated. On the other hand, it is only currently available for five devices that use Google's (GOOG) Android operating system, the website added. Reference Link
06:00 EDTBBRYBlackBerry volatility low into BlackBerry Live
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May 12, 2013
20:28 EDTBBRYBlackBerry shares could jump to low $20s-$30 this year, Barron's says
If BlackBerry's BES, or BlackBerry Enterprise Server, is successful, the stock could reach the low $20s-$30s this year, Barron's stipulates in the Technology Trader column. The new BlackBerry network faces uncertainty, as it is unproven, the paper adds. Reference Link
18:49 EDTAAPLABC app to let users live stream local programming, NYT says
ABC, a unit of the Walt Disney Company (DIS), will unveil the "live" function for its app for iPhones (AAPL) and iPads, allowing users around New York and Philadelphia to live stream all the programming from ABC’s local stations there, says the New York Times. Reference Link
15:18 EDTGOOGGoogle+ struggles to win over brands, Reuters says
Two years after introducing Google+ the search giant is struggling to win over the brands and businesses that are its best customers in the Internet search market, Reuters says. Reference Link
May 11, 2013
14:26 EDTAAPLPentagon expects to give clearance for Apple mobile devices, Bloomberg says
The U.S. Defense Department plans to give clearance for Apple mobile devices for use on its networks early next week, says Bloomberg, citing a Pentagon spokeswoman. Reference Link
May 10, 2013
16:01 EDTGOOG, AAPLOptions Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data.
14:52 EDTGOOG, GMCRMarket poised to end week higher as tech helps lead advance
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11:48 EDTSNYDrugmakers to face pressure on U.S. prices, Reuters says
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11:27 EDTGMCROptions with decreasing implied volatility: MBI SGMO ALGN GMCR EZCH
10:53 EDTGOOGFacebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link
09:38 EDTGOOG, AAPLActive equity option families trading
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09:35 EDTGOOGGoogle may announce improved Nexus 7 with same price at I/O, CNET says
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08:03 EDTAAPLLenovo to sell smartphones in Africa, beginning with Nigeria, Bloomberg reports
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07:24 EDTREGNCredit Suisse to host a conference
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07:07 EDTAAPLApple margin decline concerns overblown, says Piper Jaffray
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May 9, 2013
16:47 EDTGMCROn The Fly: Closing Wrap
Stocks on Wall Street were lower, breaking the recent streak of the Dow and S&P 500 setting new closing highs. The averages moved higher during the afternoon, as the dollar topped the Y100 level for the first time in three years, though the averages fell again and failed to regain positive territory into the close. ECONOMIC EVENTS: In the U.S., jobless claims fell 4K from the prior week to 323K, which was below the consensus 335K claim forecast. Wholesale inventories rose 0.4% in March, which matched expectations. In Asia, Chinese consumer prices increased 2.4% in April, which was just above expectations, and producer prices fell 2.6%, which was more than expected. Also, the Bank of Korea unexpectedly cut its interest rate. COMPANY NEWS: Two heavily shorted stocks, Tesla (TSLA) and Green Mountain Coffee Roasters (GMCR), surged after reporting quarterly earnings after yesterday's close. Tesla added $13.61, or 24.4%, to $xx 69.40 after its top and bottom line results beat Street estimates and it raised its full-year vehicle delivery outlook to 21,000 from 20,000 vehicles. Green Mountain shares gained $16.56, or 27.84%, to $76.04 after the company's earning came in better than expected and it announced a long-term strategic partnership with Starbucks. MAJOR MOVERS: Among the notable gainers was Barnes & Noble (BKS), up $4.31, or 24.25%, to $22.08 after a report saying Microsoft (MSFT) is considering acquiring the digital assets of Nook Media. Also higher was News Corp. (NWSA), up $1.43, or 4.49%, to $33.29 after its third quarter earnings were in-line and its revenues topped consensus estimates. Among the noteworthy losers Rackspace (RAX), down $12.88, or 24.66%, to $39.36 after its second quarter revenue missed Street estimates and its stock received downgrades from at least four analyst firms. Also lower following its quarterly report was Monster Beverage (MNST), which fell $2.96, or 5.2%, to $54.01. INDICES: The Dow was down 22.50, or 0.15%, to 15,082.62; the Nasdaq was down 4.10, or 0.12%, to 3,409.17; and the S&P 500 was down 6.02, or 0.37%, to 1,626.67.
15:25 EDTAAPLRoyalty talks for Apple's iRadio hit snag, FT reports
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15:04 EDTGOOGGoogle's YouTube announces subscription content
On the official YouTube blog, Google unit YouTube announced it is launching a pilot program for some partners that will offer paid channels on YouTube with subscription fees starting at 99c per month. Reference Link
14:30 EDTGOOGOptions Update; May 9, 2013
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12:53 EDTAAPLGundlach says would own Apple vs. short over next six months
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12:52 EDTAAPLGundlach says 'not positive or negative' on Apple shares
DoubleLine CEO Jeff Gundlach is speaking on CNBC.
12:51 EDTAAPLGundlach says Apple shares 'not expensive at all'
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12:51 EDTAAPLGundlach says Apple short covered, 'easy money' has been made
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12:35 EDTGMCROn The Fly: Midday Wrap
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12:12 EDTGMCRGreen Mountain rallies after earnings beat, renewed Starbucks deal
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11:35 EDTBBRYRumor: BlackBerry moves up on renewed speculation of an investor stake
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11:26 EDTGMCROptions with decreasing implied volatility: MBI INVN GMCR EZCH CVRR
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11:15 EDTGMCRHigh option volume stocks: BKS ISIS BRY GMCR JOE
10:08 EDTGMCROn The Fly: Analyst Upgrade Summary
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09:41 EDTGMCRGreen Mountain gaps up sharply following results, guidance
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09:38 EDTGOOG, AAPLActive equity option families trading
Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD.
09:19 EDTGMCROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference.
09:06 EDTBBRYBlackBerry Street estimates are too low, says Scotia Capital
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09:00 EDTGMCRGreen Mountain rises 15.8%
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09:00 EDTHEKHeckmann falls 6.5%
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08:23 EDTHEKHeckmann downgraded to Sell from Neutral at Global Hunter
Global Hunter downgraded Heckmann citing frustration over lack of disclosure by management on the conference call. Price target lowered to $2.50 from $3.50.
08:22 EDTGMCRGreen Mountain upgraded to Buy from Neutral at Dougherty
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08:07 EDTGMCRGreen Mountain results mixed, Starbucks deal may have downside, says Stifel
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07:55 EDTGMCRGreen Mountain price target raised to $95 from $67 at Lazard Capital
Lazard Capital raised its price target for Green Mountain following the company's better than expected Q2 results and expanded partnership with Starbucks. The firm says Green Mountain's margin turnaround is materializing sooner than expected and that innovation is returning to the company. Lazard Capital keeps a Buy rating on the stock.
07:47 EDTGMCRGreen Mountain price target raised to $90 from $65 at SunTrust
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07:42 EDTHEKHoulihan Lokey to host a conference
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07:12 EDTAAPLApple parts assembler increases China workforce 40%, Bloomberg reports
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06:10 EDTAAPLOn the Fly: Periodicals Wrap-Up
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05:50 EDTAAPLSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
May 8, 2013
19:06 EDTGMCROn The Fly: After Hours Movers
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16:31 EDTGMCRGreen Mountain shares up 15% to $68.50 after results top expectations
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16:10 EDTHEKHeckmann backs FY13 revenue view $750M-$825M, consensus $766.82M
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16:09 EDTHEKHeckmann reports Q1 EPS (5c), consensus (1c)
Reports Q1 revenue $159.46M, consensus $166.88M.
16:05 EDTGMCRGreen Mountain, Starbucks enter into long-term strategic partnership
Starbucks (SBUX) and Green Mountain (GMCR) said they have signed an agreement that provides for the expansion of their partnership for the manufacturing, marketing, distribution, and sale of Starbucks- and Tazo-branded single serve packs for use in GMCR’s Keurig single serve brewing systems globally. Starbucks and GMCR first entered into partnership in March 2011. Under the new agreement, Starbucks will add brands and varietals to the already robust Starbucks® K-Cup® and Vue® pack portfolio of offerings for Keurig single cup brewers, ultimately tripling the number of Starbucks products and adding brands offered on the Keurig platform. Financial terms of the agreement were not disclosed.
16:03 EDTGMCRGreen Mountain, Starbucks enter into long-term strategic partnership
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16:03 EDTGMCRGreen Mountain raises FY13 EPS outlook to $3.05-$3.15 consensus $2.84
Sees net sales growth in the range of 11%-14% over FY12. The company said it continues to be comfortable with its longer-term outlook of annual net sales growth of 15%-20%.
16:01 EDTGMCRGreen Mountain sees Q3 EPS 71c-78c, consensus 65c
Sees Q3 net sales growth in the range of 11%-15% over last year.
16:00 EDTGMCRGreen Mountain reports Q2 EPS 93c, consensus 73c
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16:00 EDTAAPLOptions Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data.
16:00 EDTGMCRGreen Mountain trading halted, pending news
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15:29 EDTGMCRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c.
14:48 EDTGOOGDruckenmiller says Google his largest holding in U.S.
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13:40 EDTAAPLWater pours into Apple store in NYC, New York Post says
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13:00 EDTBBRYWi-LAN announces patent infringement against BlackBerry
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11:04 EDTGMCRGreen Mountain May 59 weekly straddle priced for 13.4% move into Q2
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10:55 EDTAAPLSharp to reportedly start iPhone 5S LCD production in June, Apple Insider says
Sharp (SHCAY) is supposedly readying one of its Japanese plants to begin manufacturing LCDs for Apple's (AAPL) "iPhone 5S" in June, said Apple Insider, citing Japan's Nikkan Kogyo Shimbun. Reference Link
10:50 EDTGMCRGreen Mountain May weekly volatility elevated at 213 into Q2
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10:40 EDTGMCRSalesforce.com, Yelp rumored as potential Sohn short mentions, Kass says
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10:16 EDTAAPLApple spikes higher from the lows, levels to watch
The stock has taken off to the upside from early lows in an intraday pattern almost exactly that of Google (GOOG) which is trading at session highs as well. At the current price of $463.01, next resistance is at $464.52. Support is at $460.53. Traders for today at least may want to track the high correlation of Google and Apple as it is relatively rare and may be a footprint of a buy program.
09:37 EDTAAPL, GOOGActive equity option families trading on open
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09:24 EDTBBRYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Myriad Genetics (MYGN), up 9%... Electronic Arts (EA), up 7.4%... Cognizant (CTSH), up 5.2%. ALSO HIGHER: Whole Foods (WFM), up 8.5% after earnings, raising guidance, announcing two-for-one stock split... BlackBerry (BBRY), up 2% after Macquarie says stock setting up for bounce and Jefferies says Q10 demand remains robust... Delta (DAL), up 0.7% after initiating 6c dividend, authorizing $500M share buyback. DOWN AFTER EARNINGS: ValueClick (VCLK), down 20%... Axiall (AXLL), down 8.4%... Zillow (Z), down 5.1%... SodaStream (SODA), down 6%... Symantec (SYMC), down 5.8%... AOL (AOL), down 4.6%. ALSO LOWER: Fusion-io (FIO), down 26% after resignations of CEO, Chief Marketing Officer.
08:54 EDTGOOGGoogle Maps alleged redesign leaked, electronista reports
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08:23 EDTGOOGFrance, Germany want Google pressed on taxes, Reuters reports
German and French politicians will press for Google to be questioned on corporate income tax after a Reuters report highlighted how the company employs sales staff in the U.K. while telling the tax authorities that sales are made from Ireland, reports Reuters. British lawmakers plan to call Google to testify again to a parliamentary committee to clarify what work it does there. Reference Link
07:45 EDTBBRYBlackBerry volatility low on historically tight four-month trading range
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07:40 EDTBBRYBlackBerry setting up for another tradable bounce, says Macquarie
Macquarie believes Blackberry is setting up for another tradable bounce near-term given overly bearish sentiment. The firm does not believe there have been any supply chain adjustments and checks indicate June quarter production is ahead of initial estimates and that the Q10 is likely to be a bigger upgrade product for Enterprise subs than the Z10. The analyst rates shares a Neutral but sees a short squeeze rallying shares to $17+ on a decent Q10 sell-in.
07:26 EDTAAPLT-Mobile USA says 500K iPhone 5 sold to date
T-Mobile USA (TMUS) said, to date, the company has sold approximately 500,000 iPhone5's to new and existing customers. T-Mobile began selling Apple's (AAPL) iPhone at all company-owned stores in combination with the new Simple Choice service plan on April 12, the company noted.
07:10 EDTAAPLSamsung faced with hugh cash pile, WSJ reports
Samsung (SSNLF) now faces a new, enviable Apple-like (AAPL) challenge: a mammoth pile of unspent, accumulated cash. The company said its cash and cash equivalents grew to nearly $40B at the end of March. After stripping out debt, their net cash position is $28.5B, reports the Wall Street Journal.Reference Link
06:19 EDTBBRYBlackBerry Q10 demand remains robust, says Jefferies
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06:15 EDTGOOG, AAPLApple wants Google documents in Samsung suit, Bloomberg reports
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06:05 EDTAAPLOn the Fly: Periodicals Wrap-Up
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May 7, 2013
16:01 EDTAAPLOptions Update; May 7, 2013
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15:35 EDTGMCRGreen Mountain May weekly 58 straddle priced for 13% movement into Q2
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15:23 EDTAAPLSohn conference presentations likely to move stocks again
The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage.
12:54 EDTAAPL, GOOGGoogle rumored to be planning stores to sell Google Glass, Business Insider says
Google (GOOG) is rumored to be planning retail stores specifically to sell Google Glass, Business Insider reports, citing a source. Previous reports suggested Google was developing retail stores, like Apple (AAPL) and Microsoft (MSFT), to sell a variety of products. Reference Link
11:39 EDTAAPLSamsung to open mini-shops in 1,400 Best Buy stores, LA Times reports
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10:54 EDTGOOGMedia buyers upping budgets for FBX, site, search retargeting, eMarketer says
More media buyers are planning to increase their investments in site, search and Facebook Exchange re-targeting, according to eMarketer, citing a survey by media-buying platform Chango. Reference Link
10:19 EDTGOOGHack reveals AR app possibilities on Google Glass, engadget says
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09:50 EDTGOOGTesla investigating autopilot technology, talked with Google, Bloomberg says
Tesla Motors (TSLA) CEO Elon Musk said the company is considering adding technologies that can take over for drivers, according to an interview with Bloomberg. Tesla has talked with Google (GOOG) about its self-driving tech, though Musk prefers applications more like an airplane’s autopilot system, the report added. Reference Link
09:40 EDTAAPLGreenlight's Einhorn says stake increased Apple
David Einhorn said today on the conference call for Greenlight Capital Re (GLRE) that he increased his position in Apple (AAPL). Einhorn called Apple's decision to issue debt and return cash to shareholders as a "major step forward."
09:38 EDTGOOGActive equity option families trading
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09:18 EDTBBRYBlackBerry appears to be reducing build targets Cleveland Research
Cleveland said its research indicates a mixed launch for the Q10, further disappointments with the Z10, and additional pressure on sever revenue with subscriber declines. The analyst said Blackberry is looking to reduce build rate and partners have now preparing for 6-8M units for the next several quarters vs. 10-12M units previously. Shares are Neutral rated.
09:00 EDTBBRYBlackBerry demand well below production levels, says Pacific Crest
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08:38 EDTGOOG, AAPLAmazon leak reveals planned Windows 8 mini-tablet, Telegraph says
According to a listing that appeared briefly on Amazon's (AMZN) U.S. website before being removed, a new 7-inch Acer tablet priced at $379.99 will be the first Microsoft (MSFT) Windows 8 small tablet, reported The Telegraph. This device is expected to be the first of number of mini W8 tablets that will compete with Apple's (AAPL) iPad Mini, Google's (GOOG) Nexus 7 and Amazon's own Kindle Fire, the report added. Reference Link
08:29 EDTGOOGNokia leading force in regulatory attack against Google, Telegraph says
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07:23 EDTAAPLApple rumored to be planning more than one low-cost iPhone, Electronista reports
Apple is said to be planning more than just a single model of the "low-cost" iPhone, Electronista reports, citing a parts supplier. The rumored phone would be aimed at developing markets and cost around $330-$400. Reference Link
07:10 EDTAAPL, GOOGSome handset makers, telecoms seek third mobile platform, WSJ reports
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06:41 EDTGOOGGoogle Glass blasted by critics, NY Times says
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06:24 EDTAAPLFoxconn to shift iPhone orders to handset subsidiary, DigiTimes says
Foxconn is planning to switch its iPhone orders to its handset subsidiary Foxconn International Holdings, reports DigiTimes. According to industry sources, the shift in orders is still subject to approval from Apple and was made to improve the handset business. Reference Link
06:07 EDTAAPL, GOOGOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.
May 6, 2013
19:05 EDTGOOGSenate passes bill allowing states to tax Internet purchases, AP reports
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16:03 EDTGOOG, AAPLOptions Update; May 6, 2013
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11:02 EDTGOOGAmazon launches Android app store for China, Reuters says
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10:56 EDTGOOGGoogle volatility at low end of range as shares at record high
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09:46 EDTAAPLApple rises at the open, levels to watch
The shares are broadly out-performing this morning, up over 2% at time of writing. At the current price of $459.46, next resistance is at $461.78. Support is at the low of the session at $454.36.
09:38 EDTGOOG, AAPLActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL FSLR NFLX GOOG
09:02 EDTREGNRegeneron price target raised to $314 from $200 at Roth Capital
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08:48 EDTBBRYBlackBerry Z10 sales trends slowing, says Canaccord
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08:04 EDTAAPLApple price target raised to $525 from $465 at Barclays
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07:49 EDTSNYBernstein's global pharmaceuticals analyst has analyst/industry conference call
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07:33 EDTAAPLApple overall volatility of 26 at historic lows
Apple overall option implied volatility of 26 is below its 26-week average of 33 according to Track Data, suggesting decreasing price movement.
07:11 EDTAAPLApple missing iPhone customer opportunities, Bloomberg reports
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07:09 EDTAAPLApple hit with infringement lawsuit by Taiwan university, The Next Web reports
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06:50 EDTAAPLAccessory makers moving away from Apple exclusivity, NY Times says
For a number of years many accessories such as alarm clocks and speaker systems worked exclusively with mobile devices made by Apple, according to the New York Times. But now more accessories are made to interface with devices from other companies as well, potentially cutting into Apple's royalties and making rival devices more appealing to consumers, the newspaper stated. Reference Link
06:35 EDTAAPL, GOOGEU objects to Google's patent lawsuit against Apple
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06:32 EDTGOOGYouTube could launch paid channel subscriptions this week, FT reports
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06:06 EDTAAPLOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Toyota (TM) and Honda (HMC) were top sellers a few years ago and by a wide margin. No more. Now, it is a wide-open market. Ford (F) and GM (GM) have turned their midsize sedans into real challengers and closed the quality gap with Japan, the Wall Street Journal reports...There was no big news at Berkshire Hathaway’s (BRK.A) annual meeting this past weekend, but there was one great lesson for investors: Perhaps the most important thing you can do when everything seems to be going right in your portfolio is to listen to somebody who insists you are wrong, the Wall Street Journal reports...REUTERS: Some Verizon Communications (VZ) shareholders say they could be happy for the company to pay up to $130B for Vodafone Group’s (VOD) stake in their U.S. wireless venture. Two large shareholders in Verizon say they could be comfortable with paying 20% to 30% more to secure Verizon Wireless, Reuters reports...A unit of Sinopec Group (SHI) and brokerage China Galaxy Securities are launching Hong Kong IPOs today seeking to raise up to $3.5B in total, injecting life into Asia's moribund IPO markets where deal values more than halved in Q1, Reuters reports...BLOOMBERG: Bond investors are gaining confidence that Fed Chairman Bernanke will unwind the central bank’s unprecedented $3.3T balance sheet without sparking a crash similar to 1994, Bloomberg reports...Apple (AAPL) is missing out on an opportunity to court up to 2.8B new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners, Bloomberg reports.
06:00 EDTAAPLU.S. Cellular to start selling iPhones this year, AP reports
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May 4, 2013
10:28 EDTAAPL, GOOGValuations could continue to drive tech stocks higher, Barron's says
Despite lackluster earnings reports, the technology sector continues to rally on attractive valuations and bullish investors, Barron's contends in its Technology Trader column. Reference Link
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