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Stock Market & Financial Investment News

News For SSNLF;SNE;SHCAY;GOOG;MRVL;AAPL;LNVGY;NTGR From The Last 14 Days
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December 18, 2014
18:00 EDTSNESony shares could climb 50%, Barron's says
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16:01 EDTAAPLOptions Update; December 18, 2014
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14:19 EDTAAPLMacmillan CEO says new deal struck with Amazon
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14:00 EDTSSNLF, GOOGEarnings Preview: BlackBerry upped at BGC, Goldman says short squeeze possible
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10:19 EDTSNESony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
09:35 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
08:31 EDTAAPLSkyworks price target raised to $90 from $75 at Pacific Crest
Pacific Crest increased its price target on Skyworks (SWKS), citing better than expected handset demand at Apple (AAPL) and Samsung. The firm expects Skyworks' revenue and gross margins to continue rising significantly into 2015. Pacific Crest recommends buying Skyworks.
07:23 EDTSNEIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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06:50 EDTGOOGGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:38 EDTGOOGGoogle signs Karbonn to Android One project, 9to5Google reports
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December 17, 2014
18:26 EDTSNEU.S. connects North Korea to Sony cyber attack, NY Times says
American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures, NY Times reports. Reference Link
18:08 EDTSNEInvestigators confirm North Korea behind Sony cyber attack, CNN reports
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17:37 EDTSNECarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
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17:19 EDTSNESony cancels release of 'The Interview' CNBC reports
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17:00 EDTSNESony cancels release of 'The Interview' CNBC reports
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16:36 EDTAAPLGT Advanced issues response to Apple's statement
GT Advanced (GTATQ) issued the following statement: Tom Gutierrez, president and CEO, stated, "The position that Apple (AAPL) has taken in response to the release of our October 8th declaration is in line with our expectations, as reflected in paragraph 52 of Dan Squiller's October 28 declaration in support of the Apple Settlement. Although we have different views on the matter, we believe we have settled our disputes with Apple and see no point in further addressing the circumstances that led to our Chapter 11 filing or our relationship with Apple. Our focus now is on moving the company forward through the bankruptcy process. We remain optimistic that the Bankruptcy Court will approve the Apple Settlement Agreement on November 25th because it is in the best interest of all parties."
16:00 EDTAAPLOptions Update; December 17, 2014
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11:09 EDTGOOGFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
10:02 EDTGOOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
09:41 EDTAAPL, GOOGActive equity options trading
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