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Stock Market & Financial Investment News

News For SSNLF;AAPL From The Last 14 Days
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July 2, 2015
06:16 EDTSSNLFGlass Lewis recommends Samsung C&T holders reject merger with Cheil, WSJ says
Glass Lewis recommended that shareholders of Samsung C&T reject the proposed merger with Cheil Industries, stating that the merger had "questionable strategic merits," reports the Wall Street Journal. Reference Link
06:05 EDTAAPLBarclays extends cheque imaging to Android users
Barclays announced the extension of its pioneering mobile cheque imaging service to nearly a million more customers, including 500,000 customers with android phones. In another UK first, the service is also now being made available to iPad users. Since the launch of cheque imaging a year ago, nearly three quarters of a million pounds have been deposited by the 30,000 Barclays customers signed up to the mobile cheque imaging tool on their iPhones. The latest roll-out will see this number rise yet higher as more customers are able to benefit from the speed and ease of this time-saving technology. Mobile cheque imaging is available through the Barclays Mobile Banking app and allows customers to pay in a Barclays cheque of up to £500 within minutes of receiving it. Customers simply need to take a photo of the cheque then complete a few quick steps before the funds are immediately available in their current account. Reference Link
July 1, 2015
16:00 EDTAAPLOptions Update; July 1, 2015
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10:07 EDTAAPLGoogle, Apple seen benefiting from Internet of Things emergence
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09:33 EDTAAPLActive equity options trading on open
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08:24 EDTAAPLApple outlook improved due to Internet of Things forecast, says JMP Securities
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06:24 EDTSSNLFCourt rejects Elliott’s motion to block Cheil-Samsung C&T merger, WSJ says
A South Korean court rejected a motion by U.S. hedge fund Elliott to block Cheil’s proposed $8B takeover of Samsung C&T, the Wall Street Journal reports. Elliott, which holds a 7.1% stake in Samsung C&T, claims that the move undervalues Samsung C&T, the report says. Reference Link
06:16 EDTAAPLApple's iPhone 6s could feature 'numerous' internal changes, 9to5Mac reports
Mark Gurman of 9to5Mac published photos that reportedly shows the outside of the rumored iPhone 6s. Gurman notes that the device "will look nearly identical" to the iPhone 6 on the outside, but will feature numerous internal changes, including Force Touch and a different internal mounting structure. Reference Link
05:58 EDTAAPLSecond Circuit affirms Apple's liability for e-book price-fixing conspiracy
Assistant Attorney General Bill Baer of the Justice Department’s Antitrust Division released the following statement yesterday after the U.S. Court of Appeals for the Second Circuit ruling in United States v. Apple Inc.: “We are gratified by the court’s decision. The decision confirms that it is unlawful for a company to knowingly participate in a price-fixing conspiracy, whatever its specific role in the conspiracy or reason for joining it. Because Apple and the defendant publishers sought to eliminate price competition in the sale of e-books, consumers were forced to pay higher prices for many e-book titles. I am proud of the outstanding work done by the trial team who initially established Apple’s liability and by the lawyers who defended the district court’s decision in this appeal. The Antitrust Division will continue to vigorously protect competition and enforce the antitrust laws in this important business, and in other industries that affect the everyday lives of consumers.”
05:54 EDTAAPL, SSNLFStagnant tablet demand to continue in 2H15, DigiTimes reports
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05:53 EDTSSNLFSamsung ramps up shipments of OLED panels, DRAM chips to channels, DigiTimes say
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June 30, 2015
17:34 EDTAAPLEricsson asks for documents that may be relevant in Apple case, Re/code says
Ericsson (ERIC) has asked a a Taiwanese company, Simplo Technology, thought to be an Apple (AAPL) supplier to hand over documents that may be relevant to its patent dispute case with Apple, says Re/code. Earlier this year, Ericsson filed complaints with the International Trade Commission as well the U.S. District Court in Texas claiming that Apple’s iPhones and iPads violate patents used in setting the 2G and 4G LTE wireless communications standards, added Re/code. Reference Link
16:01 EDTAAPLOptions Update; June 30, 2015
iPath S&P 500 VIX Short-Term Futures down 18c to 20.14. Option volume leaders: AAPL AMD TWTR BAC JPM
10:38 EDTAAPLWells Fargo upbeat on core eBay, Bernstein bullish on PayPal
Wells Fargo issued an upbeat note on the outlook for eBay's (EBAY) core business, while another research firm, Bernstein, was bullish on the company's soon to be spun off PayPal (PYPL) unit. eBay has said that it will spin off its PayPal online payments unit through a distribution to eBay shareholders on July 17. CORE EBAY: The shares of core eBay are likely to offer a "unique value opportunity" following the spin-off, as many growth investors will probably sell their shares in eBay creating "an interesting entry point." Wells Fargo stated. eBay's business model is "arguably better" than that of most retailers, as it has no inventory risk, better margins, and more efficient capital deployments than most other companies in the sector, Wells believes. Numerous initiatives that the company is undertaking, including structured data and a simplified listing process, could enable eBay to beat expectations going forward, Wells contended. Additionally, there is little risk to fiscal 2016 estimates for eBay, since its guidance does not factor in any improvement in its business, the firm believes. Noting that "when issued" shares of eBay and PayPal are slated to start trading on July 9, Wells says that eBay's shares would provide "exceptional value" if they trade anywhere near the current $20 per share implied value of core eBay. At $25, the shares would still provide "excellent value," the firm added. PAYPAL: The growth of Internet payments is in its infancy and has "vast untapped potential," according to Bernstein analyst Carlos Kirjner. PayPal's total payments volume should have a compound annual growth rate of over 20% in the next three years, helping its revenue to jump by a CAGR of at least 17% over the period, the analyst stated. Since PayPal's position in mobile is strong, competing services from Apple (AAPL) and Google (GOOG) will, at most, create a small headwind to PayPal's growth over the next three years, Kirjner contended. Moreover, PayPal has room to cut its costs, enabling its margins to expand and its earnings to grow faster than its revenue over the longer term, the analyst stated. He values PayPal at $43 per eBay share. PRICE ACTION: In early trading, eBay added 0.7% to $59.77.
10:36 EDTAAPLAppeals court says Apple conspired to fix e-book prices, Reuters reports
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09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
07:08 EDTAAPLGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
06:58 EDTAAPL, SSNLFSprint to roll out $80 a month 'All-in' plan, Reuters reports
Sprint (S) will today launch an $80 a month "All-in" cellular phone plan, Reuters reports. Chief Marketing Officer Kevin Crull says the plan will offer unlimited talk, text and data at $60, plus $20 to lease phones like the iPhone 6 (AAPL) and Samsung (SSNLF) Galaxy S6. Reference Link
06:30 EDTSSNLFCheil to boost dividends if Samsung C&T merger is approved, WSJ says
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05:59 EDTAAPLGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
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