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Stock Market & Financial Investment News

News Breaks
October 11, 2012
12:23 EDTSFTBF, CLWR, SWY, SSNLF, DTEGY, S, CTB, AAPL, PCS, DLTR, FASTOn 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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April 7, 2015
07:24 EDTFASTFastenal January volatility increases into Q1 and outlook
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06:46 EDTSSNLF, AAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTAAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
April 6, 2015
19:49 EDTSSNLFSamsung sees Q1 operating profit KRW 5.9T, Bloomberg reports
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19:42 EDTAAPLSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTAAPLOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
11:10 EDTSSNLFNVIDIA reports favorable ITC ruling in patent fight with Qualcomm, Samsung
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10:56 EDTSSNLFSamsung comments on smartphone durability test conducted by SquareTrade
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10:39 EDTSSNLFQualcomm falls amid uncertainty about content in flagship Samsung phone
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10:23 EDTAAPLApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
09:36 EDTAAPLActive equity options trading on open
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:45 EDTSQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrierís version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsungís "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:15 EDTCTBSEC accuses two of insider trading in Cooper Tire deal
The Securities and Exchange Commission on Thursday charged two longtime friends who illegally profited from insider trading on news of a proposed acquisition of Cooper Tire and Rubber Company by Apollo Tyres Ltd. In a complaint filed in U.S. district court in Connecticut, the SEC filed fraud charges against Amit Kanodia, of Brookline, Massachusetts, an entrepreneur and private equity investor, and Iftikar Ahmed, of Greenwich, Connecticut, a general partner at a venture capital firm. The SEC named Rakitfi Holdings LLC, a company owned by Ahmed, and Lincoln Charitable Foundation, a supposed charity operated by Kanodia, as relief defendants. The SEC is seeking to have the defendants return their allegedly ill-gotten gains with interest and pay civil monetary penalties.
06:11 EDTAAPL, SSNLFSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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06:07 EDTSSNLFSamsung uses internally developed wireless modem in Galaxy S6, WSJ reports
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April 5, 2015
16:56 EDTAAPLEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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