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Stock Market & Financial Investment News

News Breaks
May 21, 2014
12:32 EDTAAPL, NOK, SSNLFNokia climbs after firm upgrades stock on IP outlook
Shares of Nokia (NOK) are rising after research firm Jefferies upgraded the stock to Buy from Hold, saying that the company could be boosted by new intellectual property deals in the next couple of years. WHAT'S NEW: Nokia's intellectual property rights business, or IPR, is likely to grow significantly, Jefferies analyst Lee Simpssn wrote in a note to investors earlier today. The company will probably benefit from increasing interest in various patents on wireless technologies and it can raise the fees it charges for standard wireless patents now that it has sold its handset unit, the analyst explained. The fees that Samsung (SSNLF) pays Nokia for intellectual property will probably increase in 2015 and the Finnish company may sign a new IPR deal with Apple (AAPL) in 2016, the analyst forecast. WHAT'S NOTABLE: On April 28, Bernstein issued a bearish note about Nokia. The firm forecast that the company's stock would decline in subsequent weeks and stated that its hiring of Rajeev Suri as its new CEO confirms that it is focusing on European telecom initiatives rather than intellectual property. The firm was also concerned about Nokia's earnings outlook and valuation. PRICE ACTION: In early afternoon trading, Nokia rose 4% to $7.50. Including today's move higher, the stock is up about 1.5% over the last month.
News For NOK;AAPL;SSNLF From The Last 14 Days
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February 18, 2015
06:45 EDTAAPLApple Watch launching without health monitoring functions, WSJ says
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06:20 EDTAAPL, SSNLFApple awarded patent for wireless head-mounted display, Financial Times reports
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February 17, 2015
17:02 EDTAAPLSoros Fund Management gives quarterly update on stakes
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16:22 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; February 17, 2015
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13:18 EDTAAPLOmega Advisors gives quarterly update on stakes
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12:50 EDTAAPLOn The Fly: Midday Wrap
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10:31 EDTAAPLApple rises as analysts applaud reported auto ambitions
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09:54 EDTSSNLFIDC says Xiaomi outpaced Samsung for 2014 Chinese smartphone sales
Research firm IDC reports that Xiaomi achieved a 12.5% market share in China for 2014, while Samsung took second place with 12.1%. Chinese Q4 sales for Samsung fell to fifth place among smartphone makers, at 7.9% market share, down from 18.8% in 4Q13. IDC expects roughly 10% YoY growth for the 2015 smartphone market in China.
09:40 EDTAAPLActive equity options trading on open
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07:32 EDTAAPLApple asking suppliers to make 5M-6M Apple Watches in Q1, WSJ says
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07:28 EDTAAPLApple design chief working on store redesign ahead of Watch, New Yorker says
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07:22 EDTAAPLMitsubishi UFJ to hold a tour
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07:15 EDTAAPLApple foray into autos would be logical, says Barclays
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07:08 EDTAAPLAuto market could be meaningful for Apple, says Cantor
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06:48 EDTSSNLFSamsung to use $56B for growth, M&A aquisitions, Reuters says
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05:53 EDTSSNLFSamsung to adopt 20nm process for 50% of 2015 DRAM output, DigiTimes says
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February 15, 2015
16:44 EDTAAPLApple Watch could increase revenue by 10% next year, Barron's says
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07:47 EDTAAPLHope of car positive for Apple shares, says Piper Jaffray
Piper Jaffray analyst Gene Munster said in a note to investors yesterday that the potential for a car gives investors something to look at as "the next big thing" for Apple. Munster believes the Wall Street Journal's report that Apple is building an electric car will help support the stock over the next six months. He believes it is unlikely that the company launches anything in the next five years, however. Munster reiterated an Overweight rating on Apple with a $160 price target. The stock closed Friday up 62c to $127.08.
07:46 EDTAAPLApple working on minivan-like electric vehicle, WSJ reports
Apple has "several hundred" employees working secretly toward creating an Apple-branded electric vehicle, Wall Street Journal reported yesterday, citing people familiar with the matter. The project is known internally as "Titan" and has a design that resembles a minivan, the Journal added. The Financial Times reported yesterday that the iPhone maker is recruiting experts in automotive technology and vehicle design. Reference Link
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