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Stock Market & Financial Investment News

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October 11, 2012
16:24 EDTDLTR, OSK, FAST, SSNLF, SFTBF, S, AAPL, PCS, DTEGY, CLWROn 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, Spain’s 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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July 16, 2015
16:00 EDTAAPLOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
15:04 EDTDTEGYDISH buyout talks with T-Mobile stalled, Bloomberg reports
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13:43 EDTSSNLFSemi equipment stocks overreacting to Intel capex cut, says Summit Research
Summit Research said Intel (INTC) is pushing out its 10nm plans for multiple reasons and that TSMC (TSM) and Samsung (SSNLF) will not let a "once in a lifetime opportunity" pass and will speed up their own spending. The firm believes the pullback in semiconductor equipment stocks, particularly Applied Materials (AMAT), KLA-Tencor (KLAC) and Lam Research (LRCX), on Intel's capex guidance cut is somewhat of an overreaction and recommends buying amid the weakness.
13:39 EDTSSNLFSamsung begins rollout of payment service in Korea, TechCrunch reports
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11:53 EDTSSNLF, AAPLApple and Samsung in talks to launch e-sim card, Financial Times reports
Apple (AAPL) and Samsung (SSNLF) are in advanced talks to launch electronic sim cards, reports the Financial Times. The GSMA is close to announcing an agreement to produce an standardized embedded sim for consumer devices that would include the smartphone makers. Reference Link
11:18 EDTAAPLReport: Apple considers axing iPad mini product, Business Insider says
Apple may be ending its iPad mini to focus on other products and specifically its larger iPads, reports Business Insider, citing a Chinese-language Economic Daily News report. Apple may also push the launch of its next-generation iPad Air to next year to emphasize its larger iPad. Reference Link
11:17 EDTAAPLApple July weekly volatility elevated into Q3 and outlook
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09:35 EDTAAPLActive equity options trading on open
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08:34 EDTAAPLSt. Jude Medical receives FDA approval for spinal cord stimulation trial system
St. Jude Medical (STJ) announced it received FDA approval of the Invisible Trial System. The system, which received CE Mark in June 2015, is fully wireless and leverages Apple (AAPL) technology for both the patient and physician controllers. The system is designed to provide patients a more improved and discreet spinal cord stimulation, or SCS, trial experience. "Patients undergoing SCS trials consistently tell us about challenges they find in navigating the SCS trial system, from programming the device, to discomfort from the programming cables, to management of both issues. These hindrances may impede the integration of the technology into their daily activities, which shifts their focus away from evaluating the effectiveness of SCS therapy,” said pain specialist Dr. Jason E. Pope, president of Summit Pain Alliance in Santa Rosa, California. “By providing a discreet trial system, St. Jude Medical will help patients focus more on their potential pain relief and functional improvements, and less about the burdens common to traditional trial systems.”
08:18 EDTAAPLSeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
08:14 EDTSFTBFSoftBank's Arora moves Capital unit away from small investments, Re/code says
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08:03 EDTDLTRDollar Tree names Michael Witynski COO
Dollar Tree announced it named Michael Witynski as COO. Witynski has served as Senior Vice President of Stores since joining Dollar Tree in 2010.
07:22 EDTAAPLiPhone average selling prices may be underestimated by Street, says UBS
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07:19 EDTAAPLApple Q3 iPhone estimates raised at Stifel
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06:58 EDTAAPLApple applies for patent for wireless devices with solar cells
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06:46 EDTAAPLApple Watch to roll out in New Zealand July 31, AppleInsider reports
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06:32 EDTSSNLFSamsung tries home visits to woo investors to approve Cheil, C&T deal, WSJ says
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06:14 EDTSSNLFMetLife Insurance to vote Samsung C&T shares in favor of Cheil, Reuters says
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05:46 EDTSSNLFTSMC and Samsung begin A9 chip mass production, DigiTimes reports
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05:34 EDTSFTBFEricsson announces collaboration with Softbank on 5G trials in Tokyo
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