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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:27 EDTSYNA, AAPL, SNDK, MU, ULTA, TBBK, OREXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, though the Nasdaq had almost made its way back to unchanged near noon. Equity futures were weak during the pre-market trading session, leading to a lower open for the broader market. The averages found a level a short time after the open, from where they have been mostly drifting, with the Dow weakening a bit and the Nasdaq firming. The oil inventory numbers released mid-morning were generally in-line with forecasts and had little effect on the market. Of note on the political front, House Majority Leader Eric Cantor became the first sitting majority leader to ever lose in a primary after Tea Party activist David Brat surprisingly, and handily, beat Cantor in Virginia. ECONOMIC EVENTS: In the U.S., the federal budget is due to be reported at 2:00 pm ET, with the consensus forecast calling for a deficit of $131B. Also, the World Bank lowered its forecast for U.S. economic growth this year to 2.1%, which is down from its previous 2.8% growth expectation. COMPANY NEWS: Shares of chipmaker Synaptics (SYNA) surged 25% after the company confirmed last night that it had agreed to buy Renesas SP Drivers, which supplies display driver chips for Apple's (AAPL) iPhone. Research firm Pacific Crest called the acquisition, which had been speculated about previously in media reports, "a game changer" for Synaptics, as the firm believes that Synaptics can position itself for additional sales to Apple and other companies by integrating display drivers into its touch controller. MAJOR MOVERS: Among the notable gainers was beauty supply store operator Ulta Salon (ULTA), which jumped 14% after reporting better than expected Q1 results and reaffirming its FY14 guidance. Also higher were Micron (MU), which rose more than 5%, and SanDisk (SNDK), which advanced 3%, after BofA Merrill Lynch upgraded both of their stocks by two notches to Buy from Underperform in notes to investors this morning. Among the noteworthy losers was The Bancorp (TBBK), which was downgraded to Neutral at BTIG and dropped 28% after the company's disclosure of an FDIC order requiring restrictions on certain activities at its bank subsidiary. Also lower was Orexigen (OREX), which fell more than 16%, after announcing that the FDA extended the review period for NB32, the company's investigational medication being evaluated for weight loss, by three months. INDEXES: Near noon, the Dow was down 82.42, or 0.49%, to 16,863.50, the Nasdaq was down 1.71, or 0.04%, to 4,336.28, and the S&P 500 was down 5.17, or 0.27%, to 1,945.62.
News For SYNA;AAPL;SNDK;MU;ULTA;TBBK;OREX From The Last 14 Days
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September 18, 2014
06:27 EDTAAPLReport says one iPhone 6 Chinese license approved, Reuters says
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05:40 EDTAAPLApple says will never allow government access to servers
Apple launched a website dedicated to privacy with a message from its CEO Tim Cook. The message stated in part, "We donít build a profile based on your email content or web browsing habits to sell to advertisers. We donít Ďmonetizeí the information you store on your iPhone or in iCloud. And we donít read your email or your messages to get information to market to you. Our software and services are designed to make our devices better. Plain and simple...Finally, I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services. We have also never allowed access to our servers. And we never will."
September 17, 2014
16:46 EDTAAPLApple says HealthKit apps not available until end of month
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16:00 EDTAAPLOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
15:46 EDTAAPLApple using own CDN, not Akamai, Level 3, for iOS 8, StreamingMediaBlog says
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13:57 EDTAAPLiPhone code compromises users, reroutes to fake eBay site, BBC says
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12:27 EDTAAPLNet Element shares higher by over 29% after integrating Apple services
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11:42 EDTAAPLVerizon says company-wide growth at moment is 'fine'
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11:02 EDTULTAOptions with decreasing implied volatility
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10:15 EDTAAPLDiscover calls active, rumored to be eyed as target by Apple, report
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10:07 EDTAAPLApple could announce new products at October event, Apple Insider says
Apple is said to be planning an event for the second half of October where it will unveil more gadgets, a source tells Apple Insider. The company may unveil a next-generation iPad Air and iPad mini which is rumored to feature the company's Tough ID fingerprint sensor. Reference Link
10:04 EDTAAPLDiscover rumored to be eyed as target by Apple, Bank Innovation says
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
07:43 EDTAAPLApple iPhone prices could rise, says RBC Capital
After conducting a survey of consumers, RBC Capital believes that average sales prices for Apple's iPhone could rise $90 quarter-over-quarter and $65 year-over-year, while gross margins could increase as a result of higher average memory per device. The firm raised its price target on the name to $114 from $110 and keeps an Outperform rating.
07:43 EDTOREXBofA/Merrill to hold a conference
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07:22 EDTAAPLEarly reviews point to iPhone 6 battery life similar to iPhone 5s, BI says
After analyzing the first round of major tech publications' reviews of the iPhone 6 and 6 Plus, Business Insider said critics have "mixed" opinion's on the battery life of the 6 and that it "seems like" the smaller phone's battery life won't be radically different from the iPhone 5s. Reference Link
06:31 EDTAAPLLG Display to supply AMOLED panels for Apple Watch, DigiTimes reports
LG Display (LPL) are expected to supply Apple (AAPL) 5M AMOLED panels a month in 2015 for the Apple Watch, reports DigiTimes. According to sources from LG Display, Apple aims to sell upwards of 50M Apple Watches in 2015. Apple will reportedly not purchase AMOLED panels from Samsung (SSNLF) Display and instead will have LG as the sole panel provider for the Apple Watch. Reference Link
06:29 EDTAAPLApple iPhone 6 products sell out fast in Taiwan market, DigiTimes says
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06:17 EDTAAPLApple supplier reportedly struggling to meet iPhone demand, WSJ reports
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05:51 EDTOREXStocks with implied volatility movement; OREX MNKD
Stocks with implied volatility movement; Orexigen (OREX) 91, MannKind (MNKD) 60 according to iVolatility.
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