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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:05 EDTSSNLF, TMUSSamsung Galaxy Tab 4 8.0 coming soon to T-Mobile data network
T-Mobile (TMUS) announced preregistration is open for the Samsung (SSNLF) Galaxy Tab 4 8.0 through the Un-carrier’s Tablet Freedom program. The Galaxy Tab 4 8.0 will be available to order at online beginning July 16 and will be available for purchase in participating T-Mobile stores nationwide starting July 23.
News For SSNLF;TMUS From The Last 14 Days
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February 12, 2016
12:06 EDTTMUSHSBC says sell Sprint with competitive pressure mounting
Sprint (S) shares rallied in morning trading after an HSBC analyst recommended investors sell the stock due to mounting competitive pressure. Separately, the company announced yesterday that it was extending its 50% offer to customers switching from its rivals a day after majority shareholder SoftBank (SFTBF) made positive comments about the wireless carrier's turnaround, according to Bloomberg. HSBC DOWNGRADE: HSBC analyst Sunil Rajgopal this morning downgraded Sprint to Reduce from Hold and cut his price target for the stock to $1.60 from $5, saying that the carrier's competitors may challenge its turnaround efforts. Rajgopal said that pricing and packaging changes at rivals AT&T (T), Verizon (VZ) and T-Mobile (TMUS) over the past two months have forced Sprint to respond with a more aggressive offering, otherwise it may have to be content with its churn rates inching up. The analyst also lowered his long-term revenue and EBITDA forecasts for Sprint, cutting long-term EBITDA margin estimates to 31.8% from 35.4% and changing his 2016-2025 revenue CAGR to down 1.1% from up 40%. The analyst added that the company needs to show a significant improvement in its profitability or consider monetizing some of its unused or excess spectrum in order to address leverage concerns. Notably, Rajgopal also downgraded Sprint on November 6 to Hold from Buy and cut his price target to $5 from $6.20. Rajgopal said at the time that the company's second quarter results were mixed with a turnaround in postpaid net addition but a rise in prepaid churn. The analyst said that he was concerned that Sprint would continue to be highly leveraged in the medium-term and that increasing competition would lead to an increase in marketing efforts. RECENT NEWS: Yesterday, Sprint announced that it was extending its 50% offer to customers from AT&T, Verizon and T-Mobile who wished to switch to its network, adding that it will pay switching fees up to $650 per line for customers switching from competitors. Marcelo Claure, the company's chief executive officer, recently said that customer demand for the 50% offer was "strong." Separately, Bloomberg reported on Wednesday that Masayoshi Son, the chairman of Sprint stakeholder SoftBank, told reporters in Tokyo that the wireless carrier is "showing definitive signs of a turnaround" and that there are "more opportunities for cost cutting at Sprint." PRICE ACTION: Near midday, Sprint rallied 7.25% to $2.73. OTHERS TO WATCH: Verizon gained 1.48%, T-Mobile was up 2.23% and AT&T was up 0.55%higher in midday trading.
08:44 EDTTMUSHSBC cuts Sprint to sell, says competitors may make turnaround difficult
As previously reported, HSBC analyst Sunil Rajgopal downgraded Sprint (S) to Reduce, the firm's equivalent of a sell rating, from Hold, saying he has turned more cautious regarding its turnaround efforts in light of moves by AT&T (T), Verizon (VZ) and T-Mobile (TMUS). The analyst, who said Sprint's high-leverage is a key concern in addition to its operational challenges, lowered his long-term revenue and EBITDA estimates and cut his price target for the stock to $1.60 from $5.
06:21 EDTSSNLFGoogle developing all-in-one VR headset, WSJ reports
Alphabet's Google (GOOG) is developing an all-in-one virtual-reality headset that doesn't require the use of smartphones, computers, or game consoles to work, the Wall Street Journal reports, citing people familiar with the matter. The company also intends to launch a more advanced edition of its $20 cardboard VR viewer later this year, the report says, citing people familiar with the matter. The new plastic viewer will come fitted with computer chips and sensors, the report says. The new devices reflect Google's increasing interest in VR and will put the company in competition with Facebook (FB), whose Oculus unit intends to begin shipping a $599 headset next month, the report says. HTC and Sony (SNE) are also planning headsets for this year that rely on PCs and game consoles, while Samsung (SSNLF) started selling a $100 VR viewer in November that uses the company's phones, the report says. Reference Link
February 11, 2016
10:21 EDTTMUSSprint says extending 50% offer to customers from AT&T, T-Mobile, Verizon
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February 10, 2016
19:51 EDTSSNLFTSMC to be exclusive processor supplier for next iPhone, Reuters says
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February 9, 2016
06:34 EDTSSNLFPiper's Munster sees mixed reality headset replacing iPhone in 15 years
Recent acquisitions and hires by Apple (AAPL) make it clear the company is working on mixed reality, Piper Jaffray analyst Gene Munster tells investors in a research note. As a starting point, Apple will add virtual reality to the iPhone in the next two years, which should make it easier for third parties to build headsets powered by the device, similar to Samsung's (SSNLF) Gear VR today, Munster writes. He believes Mixed Reality will be a "new computing paradigm" in 10-plus years, allowing the digital world to be "woven into the real world through wearables." The analyst expects Apple to release a mixed reality headset with a 15-plus year goal of replacing the iPhone. Munster has an Overweight rating on Apple with a $172 price target. The iPhone maker closed yesterday up 99c to $95.01.
05:55 EDTSSNLFPiper's Munster sees PayPal product differentiation being reduced
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February 7, 2016
17:49 EDTSSNLFGoogle developing new virtual reality headset, FT says
Google (GOOG) is developing a new virtual reality headset for smartphones and updating its Android VR technology, reports the Financial Times, citing sources. The headset will be a successor to the company's Cardboard device, still relying on a user's smartphone but featuring improved sensors, lenses, and solid plastic casing, the sources told the Financial Times. The device will be similar to Samsung's (SSNLF) Gear VR and is expected to launch alongside the improved Android VR tech this year, the report added. Reference Link
17:32 EDTSSNLFNVIDIA wins Samsung patent dispute, Bloomberg says
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February 5, 2016
06:40 EDTSSNLFApple requests Supreme Court not hear latest Samsung appeal, 9to5Mac says
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06:37 EDTSSNLFGartner: Global wearable sales to grow 18.4% in 2016, DigiTimes says
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February 4, 2016
11:33 EDTSSNLFSamsung postpones investment in Xi'an semi plant, BusinessKorea says
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February 2, 2016
08:04 EDTTMUSForum Global to hold a conference
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06:48 EDTSSNLFTablet market continued to decline in Q4, VentureBeat says
The tablet market continues to see a decline, with 4Q15 representing the fifth straight quarter to see a year-over-year decrease in shipments, VentureBeat reports, citing market research firm IDC. 65.9M tablet units shipped in Q4, a decline of 13.7% from 76.4M units in the same period last year, the report says. Shipments for FY15 were down 10.1% year over year to 206.8M, the report says. In Q4, top five vendors Apple (AAPL), Samsung (SSNLF), Amazon (AMZN), Lenovo (LNVGY), and Huawei accounted for 54.2% of the market, up from 51% last year, though only Amazon and Huawei grew their own market share year over year, the report says. Reference Link
February 1, 2016
16:59 EDTSSNLFGoogle plans more control over Nexus phone in bid for high-end, Information says
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12:13 EDTSSNLFOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday, but off their worst levels of the day, as oil is once again being weighed on by worries of slower growth in China. Several M&A announcements helped fuel speculation that deal-making may be set to pick up, but the headwinds of lower oil prices and weak economic data are outweighing that potential boost and keeping stocks in the red to start the month. ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in December, versus expectations for an increase of 0.2%, while spending was flat, versus expectations for an increase of 0.1%. Markit's manufacturing purchasing managers index for January dipped to 52.4 in the final January reading, down from the 52.7 flash reading and the below the 52.6 reading that was expected. The Institute for Supply Management's manufacturing index for January came in at 48.2, below the 48.4 that analysts expected. Construction spending rose 0.1% in December, which was weaker than the 0.6% increase that was forecast. In China, the statistics bureau's official manufacturing purchasing managers index fell to 49.4 in January from 49.7 in December. The private Caixin manufacturing PMI edged up to 48.4 from 48.2 in the prior reading, but both figures still remain in contraction territory. In Europe, Markit's manufacturing PMI for the euro zone dropped to 52.3 from December's 53.2, in-line with the earlier flash estimate. COMPANY NEWS: Shares of Twitter (TWTR) advanced 9% after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog service operator. Lessin noted in the report published on her site, The Information, that she did not know if deal talks are "active" now between Andreessen, Silver Lake and Twitter... Alere (ALR) surged 45% to $54 per share near midday after Abbott (ABT) agreed to acquire the company for $56 per share at a total expected equity value of $5.8B. In other Monday M&A news, Questar (STR) rose 22% after Dominion Resources (D) agreed to acquire it for $25 per share, or about $4.4B, and assume Questar's outstanding debt. Meanwhile, Stryker (SYK) announced a deal to acquire Sage Products for $2.775B in cash. The buyers' shares did not fare as well in the wake of the deal announcements, as Abbott slipped 0.5%, Dominion dipped 1% and Stryker fell 1%. Also lower were shares of Smith & Nephew (SNN), which slid fractionally as investors may have been concerned that Stryker's deal decreases the likelihood that it will come after S&N. Additionally, Smith & Nephew announced that its CEO Olivier Bohuon has been diagnosed with a "highly treatable" form of cancer. MAJOR MOVERS: Among the notable gainers was Lumber Liquidators (LL), which gained 8.5% after a judge accepted the company's $10M plea deal to settle timber source crime charges, according to media reports. Also higher was Chipotle (CMG), which rose 5.5% after The Wall Street Journal reported that the Centers for Disease Control and Prevention is expected to formally declare the end to its E.coli outbreak as soon as today. In addition, Sysco (SYY) and Aetna (AET) were up 7% and 2%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Nokia (NOK), which fell 12% after it forecasted how much revenue it expects to gain from its IP portfolio after its patent deal with Samsung (SSNLF) and its shares were downgraded at Canaccord and BofA Merrill Lynch. Also lower was GoPro (GPRO), which was slid 5% after analysts from Piper Jaffray and Citi predicted that the company's guidance to be issued this week will disappoint investors. In addition, Roper Technologies (ROP) and ImmunoGen (IMGN) were down 6.5% and 5.7%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 56.40, or 0.34%, to 16,409.90, the Nasdaq was down 12.25, or 0.27%, to 4,601.70, and the S&P 500 was down 6.51, or 0.34%, to 1,933.73.
05:15 EDTSSNLFNokia receives decision in patent license arbitration with Samsung
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