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Stock Market & Financial Investment News

News For NTE;FFIV;AAPL;SNDK;STX From The Last 14 Days
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August 17, 2015
16:00 EDTAAPLOptions Update; August 17, 2015
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14:27 EDTFFIVIRS says cyber attack larger than originally thought, AP says
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11:11 EDTSNDKAnalysts split on Micron after analyst day
Analysts were divided on the outlook for flash memory product maker Micron (MU) following its analyst day. Wells Fargo upgraded the stock to Market Perform from Underperform and Piper Jaffray said that the stock was unlikely to drop much further. However, Bank of America/Merrill and Wedbush cut their rating on the shares to Neutral from Buy. UPGRADE: Wells Fargo upgraded Micron to Market Perform from Underperform. Following the stock's decline over the last few months, the shares "reflect a more realistic view" of the flash memory sector's outlook, the firm stated. Additionally, the sector's financial condition has improved in recent years, which should boost the sector's profits and margins over the longer term, Wells Fargo stated. However, the firm still believes that the company is facing several risks, including falling prices for DRAM, a widespread form of flash memory, and its rising capital spending. Although Micron is facing "challenging near-term conditions," including a weak PC market, the company outlined many positive aspects of its business, according to Piper Jaffray analyst Ruben Roy. The longer term trends for the flash memory sector remain positive, as consolidation, low supply growth and diversifying demand should increase the profits of suppliers, Roy believes. And although Micron said its capital spending would be above expectations, Roy expects these investments to help the company enhance its manufacturing process and efficiency, boosting its performance over the longer term. Micron may miss estimates in the short-term but its share price is unlikely to drop much further, and its performance should improve significantly next year, according to Roy. He kept an Overweight rating on the stock. BEARISH TAKE: The DRAM supply/demand dynamic probably won't improve and Micron's cost reductions probably won't outpace price declines until mid-2016, according to Wedbush analyst Betsy Van Hees. Although Van Hees believes that the company's spending will help it over the longer term, she forecast that the stock would "continue to struggle" until the DRAM supply/demand dynamic stabilizes. The analyst cut her price target on the name to $19 from $26. Micron's decision to raise its capital spending suggests that it is "overconfident" in its new chips, according to Bank of America/Merrill Lynch analyst Simon Dong-je Woo. The margins on the new chip "could easily" be negative, the analyst believes. Woo thinks that Micron's capital expenditures next year should be $3B-$4B versus the company's guidance of $5.3B-$5.8B. The analyst's target on the name fell to $19 from $28.40. PRICE ACTION: In late morning trading, Micron lost 0.2% to $17. Earlier the stock reached a new 52-week low of $16.12. The shares of another flash memory product maker, SanDisk (SNDK), were flat at $58.
10:05 EDTAAPLApple preparing first Kangaroo bond, Reuters reports
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
08:22 EDTAAPLSprint customers can upgrade iPhone anytime, included in monthly rate
Sprint (S) announced that customers can upgrade their Apple (AAPL) iPhone anytime, included in their monthly rate. New and upgrade eligible Sprint customers can get iPhone for just $22 per month with iPhone Forever. Anytime customers don't have the latest iPhone, they are eligible to upgrade. They bring their iPhone, upgrade on the spot and away they go. It's that simple. iPhone Forever is available on any eligible Sprint rate plan and upgrade eligibility is always included in your price. New or existing customers who are upgrade eligible can bring in any smartphone and get a 16GB iPhone 6 model and their monthly rate will be reduced to just $15 until their next upgrade. As a special promotion, customers who get iPhone 6 and upgrade before December 31 continue with the discount price of $15 until their next upgrade.
07:54 EDTAAPLApple iPhone sales likely to fall in start of fiscal 2016, says Pacific Crest
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06:38 EDTAAPLApple Watch revenue leader in wearable category, Business Insider reports
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August 16, 2015
19:34 EDTAAPLApple inquires about automotive testing facility, AP says
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August 14, 2015
16:37 EDTAAPLAppaloosa gives quarterly update on stakes, takes stake in Apple
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16:00 EDTAAPLOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
14:57 EDTAAPLApple self-driving car project may be ahead of schedule, Guardian reports
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13:54 EDTAAPLAkamai guidance reflects Apple TV delay, says JPMorgan
JPMorgan analyst Sterling Auty believes Apple's (AAPL) delay of its live TV service until 2016 is consistent with Akamai's (AKAM) 2015 guidance and management's commentary during the most recent earnings call. Akamai's investments to support a large-scale over-the-top build-out are likely related to Apple's live TV offering, Auty tells investors. He keeps an Overweight rating on Akamai.
11:08 EDTSTXSeagate options active on renewed private equity speculation
Seagate September 52.50 and January 47 puts are active on total put volume of 23K contracts (7K calls) on renewed private equity speculation. August put option implied volatility is at 40, September is at 29, January is at 30; compared to its 52-week range of 21 to 42. Active option volume suggests traders taking positions for price movement.
10:59 EDTSTXRumor: Seagate active on renewed private equity speculation
09:54 EDTAAPLApple supplier Foxconn cut costs due to slowing Chinese economy, Bloomberg says
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL TWTR FB NFLX TSLA QIHU JCP BABA BP
08:15 EDTAAPLApple user base growth will drive sales and cash flow, says Canaccord
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06:28 EDTAAPLSamsung makes enterprise push with new phones, improved security, WSJ says
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06:25 EDTAAPLApple looks to patent facial recognition features for iOS devices
Apple has asked the U.S. Patent and Trademark Office to grant it the rights to produce facial recognition features for iOS devices. Apple's patent application describes a system for selecting contacts via facial recognition and then tagging their faces in photos, which will allow iPhones to automatically find a person's contacts in an image and share the photos with those contacts. Reference Link
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