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Stock Market & Financial Investment News

News Breaks
October 11, 2012
16:24 EDTFAST, DLTR, OSK, DTEGY, CLWR, SSNLF, SFTBF, S, AAPL, PCSOn The Fly: Closing Wrap
Stocks on Wall Street finished flat on the day after lower jobless claims pushed the averages higher to begin the session, but the market was unable to maintain any upward momentum. The Nasdaq in particular was weighed on by a slide in Apple (AAPL) shares, which fell about 2% after an appeals court overturned a temporary injunction that had blocked the sale of Samsung's (SSNLF) Galaxy Nexus smartphone... 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 weekly number. 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 to BBB-... COMPANY NEWS: Shares of Sprint (S) climbed 72c, or 14.29%, to $5.76 after reports emerged, which the company confirmed, that it is in talks with Japanese cellphone company Softbank (SFTBF) regarding a potential "substantial investment." CNBC reported Sprint is working to buy Clearwire (CLWR), possibly in a deal related to the Softbank negotiations. Shares of Clearwire were up 90c, or 69.23%, to close at $2.20... MAJOR MOVERS: Among the notable gainers was Fastenal (FAST), up $3.57, or 8.44%, to $45.89 after the company reported in-line results for its third quarter and raised its dividend. Also up were shares of Oshkosh Corporation (OSK), which rose $3.05, or 11.36%, to $29.90 after investor Carl Icahn made a tender offer to buy any outstanding shares of the company for $32.50 per share and Merrill Lynch said the company may be worth $42-$49 per share in a sum-of-parts valuation. Among the noteworthy losers was Dollar Tree (DLTR), down $3.63, or 7.74%, to $43.28 after saying it sees its Q3 sales coming in at the low end of its prior forecast... INDICES: The Dow lost 18.58, or 0.14%, to 13,326.39; the Nasdaq fell 2.37, or 0.08%, to 3,049.41; and the S&P 500 rose 0.28, or 0.02%, to 1,432.84.
News For S;CLWR;PCS;SFTBF;DTEGY;AAPL;SSNLF;FAST;OSK;DLTR From The Last 14 Days
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April 7, 2015
09:15 EDTFASTFastenal downgraded to Neutral from Buy at Cleveland Research
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07:24 EDTFASTFastenal January volatility increases into Q1 and outlook
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06:46 EDTAAPL, SSNLFApple 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.
06:11 EDTSSNLF, AAPLSamsung 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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