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Stock Market & Financial Investment News

News Breaks
October 11, 2012
12:23 EDTS, SWY, CTB, FAST, SSNLF, AAPL, SFTBF, DTEGY, PCS, CLWR, DLTROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as jobless claims fell to their lowest weekly level in years, though the data appeared to be impacted by a reporting irregularity. Stocks began the session moderately higher but never really gained upside momentum. The catalyst for the early move, the unexpected decrease in the weekly jobless claims data, may have been largely impacted by one state failing to file certain data on time, taking the luster off the early positive surprise. The averages began to drift off their highs and were struggling to stay in positive territory as the lunch hour approached... ECONOMIC EVENTS: In the U.S., weekly initial jobless claims were 339,000, versus the expected 370,000. However, a Labor Department economist reportedly said one large state didn't report additional quarterly figures as expected, which influenced the figure. The trade balance report showed a deficit of $44.2B, versus the expected deficit of $44.0B. A separate report showed import prices increased 1.1% in September, versus the expected increase of 0.7%. In Europe, Spainís credit rating was downgraded by S&P by two notches late Wednesday... COMPANY NEWS: Shares of Sprint (S) climbed following reports, which the company then confirmed, that it is in talks with Japanese cellphone company Softbank (SFTBF) regarding a potential "substantial investment." CNBC said Softbank may be attracted to Sprint, which may be working to buy Clearwire (CLWR), because of spectrum holdings. The talks come a bit over a week after Deutsche Telekom (DTEGY) owned T-Mobile and MetroPCS (PCS) agreed to combine their U.S. cellphone businesses. In midday trading, shares in Clearwire were up 32% to $1.72 and Sprint was up 15% to $5.80, while PCS slid over 3% to $11.63... An appeals court reversed an injunction granted to Apple (AAPL) against Samsung's (SSNLF) Galaxy Nexus smartphone, meaning sales of the phone can begin again while the patent fight between the companies continues... MAJOR MOVERS: Among the notable gainers were Fastenal (FAST), up over 8% after the company reported in-line results for its third quarter and raised its dividend, and Cooper Tire (CTB), up nearly 8% following reports that Indian tire maker Apollo Tyres is in the process of acquiring Cooper. Among the noteworthy losers were Safeway (SWY), down 3% after its earnings beat expectations but its revenues missed consensus forecasts, and Dollar Tree (DLTR), down more than 7% after saying its sees its Q3 sales coming in at the low end of its prior forecast... INDICES: Near noon, the Dow was up 35.93, or 0.27%, to 13,380.90; the Nasdaq was up 11.95, or 0.39%, to 3,063.73; and the S&P 500 was up 6.81, or 0.48%, to 1,439.37.
News For S;CLWR;PCS;DTEGY;SFTBF;AAPL;SSNLF;FAST;CTB;SWY;DLTR From The Last 14 Days
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September 5, 2014
06:29 EDTSSNLF, AAPL$30 to be competitive price for sapphire covers in 2015, DigiTimes Research says
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06:27 EDTDLTRNew Dollar General offer might not woo Family Dollar, Reuters says
Dollar General's (DG) improved bid to purchase Family Dollar (FDO) for $9.1B might not be able to reduce its smaller competitors worries that U.S. antitrust regulators will hinder the agreement from transpiring, according to Reuters, citing two sources familiar with the matter. Family Dollar is already in the throes of an agreement to sell itself for $8.5B to Dollar Tree (DLTR). Reference Link
06:20 EDTAAPLApple plans to warn users of attempts to hack iCloud, WSJ reports
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06:15 EDTAAPLAvago price target raised to $100 from $90 at Citigroup
Citigroup raised its price target for Avago (AVGO) shares to $100 citing increased confidence in the company's wireless content gains after meeting with management. Citi believes Avago will likely double its dollar content in Apple's (AAPL) iPhone 6 when compared to the iPhone 5S. The firm reiterates a Buy rating on Avago, calling the stock its top specialty semi pick. The stock closed yesterday up 70c to $86.09.
September 4, 2014
17:32 EDTSSNLF, AAPLApple can head higher, Samsung event underwhelms, Barron's says
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16:13 EDTSSNLFNVIDIA files patent infringement complaint against Qualcomm, Samsung
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16:00 EDTAAPLOptions Update; September 4, 2014
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11:59 EDTAAPLApple to feature NFC in iWatch as well as iPhone, WSJ says
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11:20 EDTAAPLApple iPhone 6 seen lacking sapphire cover, AppleInsider says
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09:35 EDTAAPLActive equity options trading on open
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09:08 EDTAAPLExperts: Photo theft should highlight cloud risk, The Hill reports
The recent theft of celebrity photos from Apple's iCloud should make people realize the dangers of using the cloud to store personal information, The Hill quoted security experts as saying. Meanwhile, the website reported that the Federal Trade Commission could launch a probe in response to the incident, while Congress may also respond. Reference Link
08:47 EDTAAPLApple shares should be bought on weakness, says JMP Securities
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07:39 EDTFASTFastenal reports August sales up 9.8% to $326.9M
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07:30 EDTAAPLApple has good read through from ineffective Samsung launch, says Cantor
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06:51 EDTAAPLApple's iPhone 6 subsidies unlikely to be cut in China, WantChinaTimes says
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06:40 EDTAAPLApple, others restart discussions with tech staff in hiring suit, Reuters says
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06:30 EDTAAPL, SSNLFIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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06:25 EDTSSNLFSamsung in process of launching new Ultra HD TV with 300 LEDs, DigiTimes says
Samsung is developing a new Ultra HD TV that will come with a 300 LED direct-type LED backlit unit, reports DigiTimes. According to supply chain sources, the company will use increased LEDs in addition to an improved color filter and local dimming technology. Reference Link
06:22 EDTAAPLeBay to meet PayPal estimates despite competition, says Piper Jaffray
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05:56 EDTAAPLStocks with implied volatility movement; END AAPL
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