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Stock Market & Financial Investment News

News For NYX;ICE;ELOQ;ORCL;AAPL From The Last 14 Days
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December 19, 2014
16:35 EDTORCLMarket ends week higher as Fed reassures, oil stabilizes
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16:01 EDTAAPLOptions Update; December 19, 2014
iPath S&P 500 VIX Short-Term Futures down 27c to 29.90. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX according to Track Data.
14:34 EDTAAPLApple February volatility increases to 29
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11:54 EDTORCLRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
09:37 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
08:03 EDTAAPLApple iPhone demand tracking ahead of estimates, says Morgan Stanley
Morgan Stanley's checks indicate Apple iPhone demand is 67M units for the December quarter, above its estimates of 62M units and consensus of 63M. The firm said demand is tracking in-line with supply chain build of 65-70M and expects a channel inventory fill to occur in the March quarter or beyond. Shares are Overweight rated with a $126 price target.
07:55 EDTORCLOracle price target raised to $52 from $49 at Bernstein
Bernstein increased its price target on Oracle after the company reported stronger than expected Q2 results. The firm thinks the company's cloud strategy is succeeding, and it keeps an Outperform rating on the shares.
07:09 EDTAAPLBlackBerry announces Ocean Capital Investments migrates to BES12
BlackBerry (BBRY) announced that Ocean Capital Investments, and its subsidiaries, members of the Irving family of companies, are migrating to BES12: a cross-platform EMM solution by BlackBerry. Ocean Capital Investments will be deploying BES12 as a BlackBerry hosted cloud solution to manage BlackBerry and iOS devices, displacing their former mobile device management provider, MobileIron (MOBL). Ocean Capital Investments will replace the majority of their Apple (AAPL) iOS devices with BlackBerry's best-in-class QWERTY keyboard smartphones, BlackBerry Passport and the newly launched BlackBerry Classic.
06:12 EDTORCLStocks with implied volatility below IV index mean; QCOM ORCL
Stocks with implied volatility below IV index mean; Qualcomm (QCOM) 20, Oracle (ORCL) 19 according to iVolatility.
December 18, 2014
17:58 EDTORCLOracle looks like a 'buy', Barron's says
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16:26 EDTORCLOn The Fly: Closing Wrap
Stocks began the session sharply higher and remained that way for the entire session. The strength was attributed to investor enthusiasm over statements from the Fed about being patient in their approach to raising interest rates. Over the past couple of weeks the price of oil has often dictated the direction of equities, but that was not the case today as a drop in WTI and Brent crude was not followed by a dip in the equity averages. With year-end approaching, money managers may be chasing performance, but they also may be adjusting portfolio’s ahead of tomorrow’s quadruple witching, when market index futures, market index options, stock options, and stock futures all expire. ECONOMIC EVENTS: In the U.S., initial jobless claims fell 6K to 289K in the week ended December 13, versus expectations for 295K first-time claims. Markit's flash December Services PMI reading came in at 53.6, which was below the consensus 56.3 forecast. The Philadelphia Fed survey of business conditions index drop to 24.5 in December from November's unexpectedly high 40.8 reading, though the steep pullback was in-line with the consensus forecast. The November index of leading economic indicators rose 0.6%, as expected. In Europe, U.K. retail sales including auto fuel increased 1.6% in November, widely topping economists' forecast for a 0.4% gain. Germany's Ifo business climate index advanced to 105.5 in December from 104.7 in the prior month, narrowly topping expectations. COMPANY NEWS: Oracle (ORCL) rallied $4.19, or 10.18%, to $45.35 after the company’s second quarter results surpassed consensus estimates. Analyst commentary was mixed, with research firms Canaccord and FBR Capital raising their price targets on the stock to $50 and $48, respectively, while JPMorgan said it expects consensus estimates for Oracle to be reduced and Oppenheimer said that it thinks the transition to the cloud is increasing pressure on the company's financial model and restraining EPS growth. MAJOR MOVERS: Among the notable gainers was OvaScience (OVAS), which rose $8.26, or 23.63%, to $43.22 after the company said it has achieved its 2014 corporate goals to advance its three fertility treatment options and its stock was upgraded to Outperform at Wedbush. Also higher was Tetraphase Pharmaceuticals (TTPH), which gained $4.81, or 14.49%, to $38.00 after a study of the company's eravacycline antibiotic met its primary endpoint and more than one research firm said the trial results make the company a more likely takeover target. Among the noteworthy losers was Silicon Image (SIMG), which dropped $1.84, or 27.3%, to $4.90 after the company warned it expects a year-over-year revenue decline in 2015 of about 10% due to a reduction in mobile design wins at one of its largest customers. Also lower were shares of RCS Capital (RCAP), which fell $1.81, or 15.39%, to $9.95 after its Executive Chairman of the Board, Nicholas Schorsch, was reportedly accused of directing two executives at American Realty Capital Properties (ARCP), where he was formerly the Chairman, to manipulate quarterly financial results. INDEXES: The Dow gained 421.28, or 2.43%, to 17,778.15, the Nasdaq advanced 104.08, or 2.24%, to 4,748.40, and the S&P 500 rose 48.34, or 2.4%, to 2,061.23.
16:01 EDTAAPLOptions Update; December 18, 2014
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14:19 EDTAAPLMacmillan CEO says new deal struck with Amazon
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12:26 EDTORCLOn The Fly: Midday Wrap
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11:49 EDTORCLOracle soars to 52-week high after Q2 results beat estimates
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11:04 EDTORCLOptions with decreasing implied volatility
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10:24 EDTORCLOracle hits fresh 52-week high after results, levels to watch
The shares were last at $44.85, up over 8.9%. At that price resistance is at the 52-week high set this morning at $44.98 and then at $46.46, the lifetime high from 2000. Support is at $43.81.
09:35 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
09:21 EDTORCLOn The Fly: Pre-market Movers
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08:37 EDTORCLOracle Q2 solid, guidance 'good enough,' says FBR Capital
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08:31 EDTAAPLSkyworks price target raised to $90 from $75 at Pacific Crest
Pacific Crest increased its price target on Skyworks (SWKS), citing better than expected handset demand at Apple (AAPL) and Samsung. The firm expects Skyworks' revenue and gross margins to continue rising significantly into 2015. Pacific Crest recommends buying Skyworks.
08:25 EDTORCLPressure on Oracle financials increasing, says Oppenheimer
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07:56 EDTICENYSE says raised $182B in 545 transactions in 2014
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07:30 EDTORCLOracle price target raised to $50 from $48 at Canaccord
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07:04 EDTORCLOracle execution solid, results strong, says Cantor
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06:57 EDTORCLOracle consensus estimates to be revised lower, says JPMorgan
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06:17 EDTICEIntercontinentalExchange wants to revamp U.S. stock market, WSJ reports
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06:00 EDTORCLOracle guidance in-line with factoring in currency, says Jefferies
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December 17, 2014
18:34 EDTORCLOn The Fly: After Hours Movers
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18:08 EDTORCLOracle up almost 5% to $43.18 after Q2 results and guidance
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17:49 EDTORCLOracle sees currency volatility affecting Q3 EPS by 4c, revenue by 4%
Comment made on Q2 earnings conference call.
17:15 EDTORCLOracle sees Q3 EPS in constant currency 69c-74c, consensus 73c
Sees Q3 constant currency revenue growth up 4%-8%, consensus $9.69B.
16:36 EDTAAPLGT Advanced issues response to Apple's statement
GT Advanced (GTATQ) issued the following statement: Tom Gutierrez, president and CEO, stated, "The position that Apple (AAPL) has taken in response to the release of our October 8th declaration is in line with our expectations, as reflected in paragraph 52 of Dan Squiller's October 28 declaration in support of the Apple Settlement. Although we have different views on the matter, we believe we have settled our disputes with Apple and see no point in further addressing the circumstances that led to our Chapter 11 filing or our relationship with Apple. Our focus now is on moving the company forward through the bankruptcy process. We remain optimistic that the Bankruptcy Court will approve the Apple Settlement Agreement on November 25th because it is in the best interest of all parties."
16:07 EDTORCLOracle trades higher after results, first look
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16:05 EDTORCLOracle total Q2 new cloud bookings grew at a rate of more than 140%
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16:03 EDTORCLOracle says Q2 total Software plus Cloud revenue was up 5% to $7.3B
Software and Cloud Revenues was up 5% to $7.3 billion. Cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service revenue was up 45% to $516M Hardware Systems revenues were up 1% to $1.3B. GAAP operating income was up 4% to $3.5B, and the GAAP operating margin was 37%. Non-GAAP operating income was up 3% to $4.4B, and the non-GAAP operating margin was 46%. GAAP net income was down 2% to $2.5 billion while non-GAAP net income was down 1% to $3.1B.
16:01 EDTORCLOracle reports Q2 EPS 69c, consensus 68c
Reports Q2 revenue $9.6B, consensus $9.52B.
16:00 EDTAAPLOptions Update; December 17, 2014
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15:28 EDTORCLOracle December 41 straddle priced for 4.3% movement into Q2
15:18 EDTORCLNotable companies reporting after market close
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13:59 EDTORCLEarnings Preview: Analysts split on Oracle ahead of Q2 report
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13:19 EDTORCLOracle December volatility increases into Q2 and outlook
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09:41 EDTAAPLActive equity options trading
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09:00 EDTAAPLEU expanding 'sweetheart' tax probe, WSJ reports
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06:44 EDTORCLGoogle opponents lobbying state attorneys general, NY Times says
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December 16, 2014
16:00 EDTAAPLOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
14:58 EDTAAPLApple slips lower after halt to online store sales in Russia
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14:54 EDTAAPLVirnetX says appeals court denies rehearing petition in Apple case
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14:06 EDTAAPLApple halts online sales in Russia over ruble, Bloomberg reports
Apple said that it its online store in Russia is "currently unavailable while we review pricing," according to Bloomberg, citing an emailed statement. The phone marker noted the "extreme" ruble fluctuations, the news agency added. Reference Link
13:11 EDTAAPLNXP Semiconductors rises after positive analyst mention, Apple Pay news
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13:08 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, CNBC reports
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13:00 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, Bloomberg reports
12:55 EDTORCLOracle December volatility increases into Q2 and outlook
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10:42 EDTAAPLVirnetX drops 4% after reportedly losing appeal in case with Apple
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10:42 EDTAAPLAppeals court rules decision in VirnetX suit with Apple stands, Bloomberg says
VirnetX (VHC) lost its bid to reinstate $368.2M damage award from Apple (AAPL), reported Bloomberg.
10:10 EDTAAPLSamsung in talks with LoopPay to launch Apple Pay rival in 2015, Re/code reports
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
08:03 EDTORCLUnisys names Peter Altabef as new CEOOracle
Unisys Corporation (UIS) announced that it has named Peter Altabef as President and CEO, effective January 1, 2015. At that time Altabef also will join the company's board of directors. Altabef was most recently President and CEO of MICROS Systems from January 2013 until the completion in September 2014 of its acquisition by Oracle (ORCL). Paul Weaver, currently interim Chairman of the Unisys board, will become Chairman, effective January 1, 2015.
06:48 EDTAAPLMore companies adopting Apple Pay, NY Times says
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06:32 EDTAAPLApple, Samsung offer price cuts for tablet products, DigiTimes reports
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06:16 EDTAAPLGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
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December 15, 2014
16:36 EDTAAPLOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
16:00 EDTAAPLOptions Update; December 15, 2014
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12:15 EDTAAPLCirrus jumps after Barclays ups stock two notches citing Apple opportunity
Shares of Cirrus (CRUS) are rallying after Barclays upgraded the stock two notches to Overweight from Underweight in a note to investors today. The company is poised to make significantly more money per each iPhone sold next year, the firm stated. Cirrus develops audio components for smartphones. WHAT'S NEW: Cirrus will obtain $2.50-$3.50 for each of Apple's (AAPL) iPhone 6S sold next year, up from about $2 for Apple's latest iPhone, the iPhone 6, Barclays analyst Blayne Curtis wrote. A new component made by Cirrus will enable smartphones to always respond to voice commands, even if the devices are turned off, the analyst reported. The new component can also enable Cirrus to obtain more revenue from Android phones, Curtis wrote. The company should obtain a significant amount of revenue from Samsung's upcoming Galaxy S6 devices, the analyst contended. He hiked his 2015 earnings per share estimate for the company to $1.55 from $1.19 and increased his price target on Cirrus shares to $28 from $18. PRICE ACTION: In early afternoon trading Cirrus rallied 19.4% to $22.50.
10:00 EDTORCLOn The Fly: Analyst Upgrade Summary
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09:38 EDTAAPLActive equity options trading
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09:27 EDTORCLOn The Fly: Pre-market Movers
HIGHER: Opko Health (OPK), up 13.1% after Pfizer (PFE) and OPKO Health enter into global agreement for hGH-CTP... Cirrus Logic (CRUS), up 7.5% after being upgraded to Overweight from Underweight at Barclays... PetSmart (PETM), up 4.7% after being acquired by BC Partners led consortium for $83 per share... Sohu.com (SOHU), up 3% after being upgraded to Overweight from Neutral at JPMorgan... Oracle (ORCL), up 2.2% after receiving FedRAMP provisional authority to operate. LOWER: Unwired Planet (UPIP), down 25.7% after commenting on Google (GOOG) Markman ruling... EXCO Resources (XCO), down 13% after suspending its dividend.
09:03 EDTORCLOracle achieves FedRAMP provisional authority to operate
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08:44 EDTAAPLSkyworks price target raised to $95 from $75 at JMP Securities
JMP Securities increased its price target on Skyworks (SWKS) as the firm says that its checks indicate that the company is benefiting from strong demand for Apple's (AAPL) iPhone and for Chinese smartphones. The firm thinks the company has a number of other positive catalysts, including rapidly proliferating Internet of Things applications. JMP Securities reiterates an Outperform rating on the shares.
08:40 EDTAAPLCLSA technology analysts hold a luncheon meeting
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08:30 EDTAAPLApple checks show solid brand recognition in China, says Jefferies
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07:33 EDTORCLOracle upgraded at Morgan Stanley
As previously reported, Morgan Stanley upgraded Oracle to Overweight from Equal Weight. The firm's surveys indicate improving Cloud Apps growth in 2015 against low expectations and weak sentiment, favorable adoption of the new 12c database options next year, and improved perception value in Engineered Systems. Price target is $50.
06:46 EDTAAPLApple could pay $450M if it loses e-book appeal, WSJ says
A report from yesterday explains that the Second U.S. Circuit Court of Appeals will begin considering Apple's appeal for a ruling that the company was engaged in illegal price-fixing over e-books, reports the Wall Street Journal. If Apple loses the appeal, the company could pay $450M, with most of it going to e-book customers, the Journal adds. Reference Link
06:34 EDTORCLOracle upgraded to Overweight from Equal Weight at Morgan Stanley
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05:39 EDTAAPLCirrus Logic upgraded to Overweight from Underweight at Barclays
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December 12, 2014
16:00 EDTAAPLOptions Update; December 12, 2014
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10:01 EDTORCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
09:35 EDTAAPLActive equity options trading
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08:43 EDTAAPLWal-Mart cuts prices on iPhone, BGR reports
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07:24 EDTORCLOracle December volatility elevated into Q2 and outlook
Oracle December call option implied volatility is at 40, January is at 26, March is at 22; compared to its 26-week average of 22 according to Track Data suggesting larger near term price movement into the expected release of Q2 results after the close on December 17.
06:40 EDTORCLOracle resumed with a Neutral from Overweight at Piper Jaffray
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06:37 EDTAAPLApple online store begins accepting PayPal, Re/code reports
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December 11, 2014
17:40 EDTAAPLPriceline becomes first online travel agency to integrate Apple PayApple
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16:01 EDTAAPLOptions Update; December 11, 2014
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14:50 EDTAAPLApple to start selling new iPads in China this week
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13:11 EDTAAPLApple February volatility elevated at 28
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10:17 EDTAAPLCiti upbeat on Google in face of pending Apple decision on Safari
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09:37 EDTAAPLActive equity options trading
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09:05 EDTAAPLTSMC reports November sales down 10.5% to $2.32B, DigiTimes reports
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08:53 EDTAAPLBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:46 EDTAAPLApple Watch mass production rumored to start in January, AppleInsider says
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08:09 EDTAAPLGoogle shares pricing in loss of Apple search deal, says Citigroup
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07:24 EDTICEIntercontinentalExchange not currently planning to sell NYSE, Reuters reports
Intercontinental Exchange CEO Jeffrey Sprecher said there are no immediate plans to sell the New York Stock Exchange, Reuters reports, citing comments made at a Goldman Sachs conference. Sprecher said the NYSE could have the fastest EPS growth of all the businesses ICE operates, and expects it will become more profitable as a result of ongoing restructuring. Reference Link
06:35 EDTAAPLUnited's 23,000 flight attendants to get iPhone 6 Plus, Business Insider reports
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06:32 EDTAAPLGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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December 10, 2014
16:00 EDTAAPLOptions Update; December 10, 2014
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14:20 EDTAAPLUnited Continental providing 23,000 flight attendants with iPhone 6 Plus
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09:36 EDTAAPLActive equity options trading
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08:36 EDTAAPLApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:19 EDTICEAMD announces move to NASDAQ
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16:00 EDTAAPLOptions Update; December 9, 2014
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10:35 EDTAAPLApple falls, levels to watch
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09:38 EDTAAPLActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPLOptions Update; December 8, 2014
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15:08 EDTICEIntercontinentalExchange sees EUR 96.8M proceeds from sale of Euronext stake
Intercontinental Exchange announced the pricing of the placement of 4.2M shares in Euronext, representing approximately 6% of Euronext’s share capital, by way of an accelerated book-building to institutional investors. The gross proceeds to ICE from the sale amount to EUR 96.8M. Following the sale, which is expected to close on December 11, ICE will no longer hold any of Euronext’s shares or voting rights and the transaction marks the final exit from Euronext by ICE initiated in 2014, the company said.
13:16 EDTAAPLApple trades off session lows, levels to watch
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11:41 EDTICEIntercontinentalExchange to sell remaining shares in Euronext
Intercontinental Exchange announced its intention to sell approximately 4.2M shares in Euronext N.V., representing approximately 6% of Euronext’s share capital, by way of an accelerated book-building to institutional investors. Following the sale, assuming all shares are sold, ICE will no longer hold any of Euronext’s share capital and voting rights. This transaction marks the final exit from Euronext by ICE, in line with its previously announced strategy. ICE received a waiver of the lock-up agreement entered into at the time of the Euronext initial public offering in June 2014, which was due to expire on December 21. The shares will be offered by way of a private placement to institutional investors. The book-building will commence immediately. ICE reserves the right to close the books at short notice. Pricing and allocations will be determined at the conclusion of the offering and are expected to be announced in a separate press release.
06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
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
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