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Stock Market & Financial Investment News

News For TM;AAPL;MSFT From The Last 14 Days
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July 31, 2014
12:03 EDTAAPLStocks with call strike movement; AAPL WAG
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09:44 EDTAAPLActive equity options trading on open
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09:22 EDTMSFTBlackBerry announces BBM now available on Windows
BlackBerry announced a collaboration with Microsoft (MSFT) to bring BBM to Windows Phone 8 and higher.
09:04 EDTAAPLBlackBerry downplays loss of Ford business to Apple, WSJ says
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06:54 EDTAAPLApple said to launch iPhone 6 on October 14, Mac Rumors reports
According to a source, Apple could be planning to launch the upcoming iPhone 6 on October 14, Mac Rumors reports. The source says October will be an "incredibly busy" month for the company. Reference Link
06:46 EDTMSFTMicrosoft says no Chinese laws broken, Xinhua reports
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06:29 EDTAAPLSamsung planning two high-end smartphones within next 6 months, WSJ reports
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06:21 EDTAAPLApple said to fire 200 Beats employees after buyout, Bloomberg says
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July 30, 2014
17:19 EDTMSFTMicrosoft names John Stanton as new board member
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16:00 EDTAAPLOptions Update; July 30, 2014
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14:30 EDTAAPLApple tells engineers not to expect TV launch this year, The Information says
Apple (AAPL) engineers working on the company's television product have been told not to expect a launch this year, with the tech giant citing cable companies “dragging their heals” and the pending merger of Comcast (CMCSA) and Time Warner Cable (TWC) as reasons the TV service has been delayed, according to The Information, citing a person familiar with the company's plans. Reference Link
11:57 EDTAAPLNew COO Beard says BlackBerry will 'prove' people incorrect, WSJ says
Even though BlackBerry (BBRY) is up against obstacles from rivals such as Apple (AAPL) and Google's (GOOG) Android smartphones, the company's new COO Marty Beard says that the firm is positioned to "prove people wrong" and take advantage of an emerging market for internet-connected devices, according to The Wall Street Journal, citing comments from Beard. Reference Link
11:47 EDTMSFTSony turned down participating in 'EA Access' program, Game Informer reports
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11:47 EDTMSFTMicrosoft to launch Xbox One in China on September 23
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09:53 EDTAAPL, MSFTBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN TWTR NFLX GILD C MA FB RFMD AMGN GNW TSLA
09:31 EDTMSFTGameStop should be bought on weakness, says BB&T
BB&T thinks Electronics Arts' (EA) subscription deal with Microsoft (MSFT) is a non-event for GameStop (GME). The firm sees the decline in Electronic Arts as an overreaction and keeps a Buy rating on the shares.
08:31 EDTAAPLInvenSense likely obtained substantial business from Apple, says Pacific Crest
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08:15 EDTAAPLApple's iPad global market share may ship below 25% in 2H14, DigiTimes says
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06:57 EDTTMVolkswagen poised to overtake Toyota in vehicle sales, Reuters says
Volkswagen's (VLKAY) rapid growth in China leaves it well-positioned to overtake Toyota (TM) as the world's leader in vehicle sales, according to Reuters. Volkswagen's sales for the first half of the year could eclipse those of Toyota, the news service stated. Reference Link
06:05 EDTMSFTEA service to not impact GameStop for several years, says Piper Jaffray
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July 29, 2014
16:01 EDTAAPLOptions Update; July 29, 2014
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13:58 EDTMSFTGameStop turns negative after EA announces subscription game service
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13:49 EDTMSFTElectronic Arts announces subscription game service in partnership with Microsoft
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12:39 EDTAAPLFord replacing employees' BlackBerry phones with iPhones, Bloomberg reports
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11:17 EDTMSFTVirnetX announces denial of three Microsoft petitions for inter partes review
VirnetX (VHC) announced that last week, the United States Patent and Trademark Office denied three petitions for inter partes review filed by Microsoft (MSFT). These petitions sought review of certain claims of VirnetX's U.S. Patent Nos. 6,502,135 ('135 patent) and 7,188,180 ('180 patent). Like some of the petitions filed by Apple and all of the petitions filed by RPX, the USPTO found that Microsoft's petitions were not filed within the time limit imposed by the statute and declined to institute inter partes review. Microsoft was found to infringe both '135 and '180 patents in a prior lawsuit filed by VirnetX against Microsoft.
10:57 EDTAAPLApple iWatch launch said to be delayed to at least December, BGR reports
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10:52 EDTAAPLApple iPhone 6 with sapphire to be limited by production issues, LEDinside says
Analysis of Apple's (AAPL) iPhone 6 supply chain indicates component suppliers have to start shipping products to OEMs for assembly in June to meet the September launch date, but LEDinside said its research did not discover demands for smartphone cover glass. "The sapphire glass version iPhone 6 will be issued in limited volumes this year," the periodical contends. Note that GT Advanced is a parter to Apple and sapphire supplier to the tech giant. Reference Link
09:52 EDTAAPLActive equity options trading on open
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08:31 EDTAAPLApple updates MacBook Pro with Retina display
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08:00 EDTAAPLGarmin should be bought on any weakness after results, says Oppenheimer
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07:51 EDTTMToyota urged to recall Camry Hybrid by Consumer Reports
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06:44 EDTMSFTMicrosoft, Akamai and JVP to work together in cybersecurity accelerator
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06:41 EDTAAPLFoxconn's labor practices in spotlight again following employee death, WSJ says
Foxconn says that an employee died in Shenzhen, China, putting the Apple supplier's labor practices in the spotlight again, the Wall Street journal reports. The cause of the 22-year-old male employee's death is still being investigated. The company, which assembles many iPhones and iPads for Apple, has been under scrutiny for its labor practices after several suicides and accidents at its Chinese factories. Reference Link
July 28, 2014
16:00 EDTAAPLOptions Update; July 28, 2014
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12:45 EDTAAPLApple says large amount of data can be obtained about iPhone users, Reuters says
Apple employees can extract personal data from iPhones through previously unpublicized methods, Apple acknowledged last week, Reuters reported on Friday night. The company's admission came after a researcher showed last week how iPhone services extract a "surprising" amount of data about their users, the news service stated. Reference Link
12:26 EDTAAPLIHS teardown says Amazon Fire phone costs $205 to build, Re/code reports
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10:22 EDTAAPLMIT Technology Review discusses new sapphire production at GT
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09:50 EDTMSFTMicrosoft offices in China raided amid probe, South China Morning Post says
Microsoft spokeswoman Joan Li confirmed that the company is being investigated in China, though did not specify what the investigation concerned, after China's State Administration for Industry and Commerce sent investigators to four Microsoft offices, reported The South China Morning Post. Reference Link
09:50 EDTAAPLActive equity options trading on open
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07:40 EDTMSFTAmazon could see new cloud competition on many fronts, WSJ says
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07:23 EDTAAPLApple's acquisition of Beats cleared by European Commission
The European Commission has cleared under the EU Merger Regulation Apple's acquisition of Beats Electronics and Beats Music. Beats Electronics was established in 2008 and designs, develops and sells audio products such as headphones and audio speakers. The Commission concluded that the combination of the two businesses did not raise competition concerns because the combined market share of Apple and Beats Electronics is low. In addition, Apple and Beats Electronics are not close competitors because the headphones they sell differ markedly in functionality and design.
07:21 EDTAAPLBlackBerry, Dell play-down risk of Apple-IBM partnership, Reuters says
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06:37 EDTAAPLRival asks for ban on sale of Beats products, Re/code says
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06:23 EDTMSFTMicrosoft to begin production on new Surface in August, DigiTimes reports
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06:05 EDTMSFTJD.com launches Xbox One sales in China
JD.com (JD) began taking China pre-orders for Microsoft's (MSFT) Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30 through JD.com's Mobile QQ and Weixin entry points. Vice president of JD.com in charge of the IT and Digital Business unit Shuang Du said, "Through our partnership with Tencent (TCEHY), Chinese consumers are increasingly able to enjoy the JD.com shopping experience directly on China's most popular mobile communications platforms. We will continue to focus on providing the most convenient channels for Chinese consumers to purchase authentic products through their mobile devices." On July 31, the JD.com website and JD.com's exhibition booth at the ChinaJoy Expo in Shanghai will also begin taking pre-orders. Reference Link
06:04 EDTTMNHTSA closes Toyota Prius defect petition review
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05:58 EDTAAPLApple nears deal to buy Swell radio app for $30M, Re/code reports
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July 27, 2014
18:57 EDTMSFTAmazon's cloud computing unit AWS faces more rivals, WSJ says
Amazon.com's (AMZN) cloud computing unit AWS has been competing with Google (GOOG) and Microsoft (MSFT) but more company's have launched offerings in the space including Verizon (VZ), Cisco Systems (CSCO), International Business Machines (IBM) and VMware (VMW), which may threaten the profitability plans that Amazon has for AWS, says the Wall Street Journal. Reference Link
15:38 EDTAAPLApple acquires book analytic startup BookLamp, TechCrunch says
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10:40 EDTAAPLLarger iPhone could squeeze iPad sales further, Barron's says
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July 25, 2014
16:49 EDTAAPLS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
13:55 EDTAAPLBose sues Beats Electronics over alleged patent infringement
Bose Corporation filed a lawsuit requesting that the International Trade Commission commence an investigation to "remedy the unlawful importation" into the U.S. and/or sale within the U.S. of certain noise canceling headphones and components from Beats Electronics that are alleged to infringe one or more valid and enforceable U.S. patents owned by Bose. Beats Electronics has agreed to be acquired by Apple. Reference Link
13:13 EDTAAPLEinhorn bought Lam Research shares, sold Rite Aid last quarter
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12:12 EDTAAPLEinhorn takes stake in Lam Research, Bloomberg reports
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10:05 EDTAAPLSwatch says not working with Apple on smartwatches, Business Insider reports
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09:37 EDTAAPLActive equity options trading on open
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09:31 EDTAAPLApple rumored to push out larger iPhone 6 production, AppleInsider says
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06:43 EDTAAPLApple $450M e-books agreement terms troubles U.S. judge, Reuters says
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06:20 EDTMSFTChina Telecom to start selling Microsoft's Xbox One in September, WSJ reports
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05:56 EDTMSFTYammer's David Sacks leaving Microsoft
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July 24, 2014
16:00 EDTAAPLiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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13:16 EDTAAPLAkamai advances following Macquarie upgrade
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10:37 EDTAAPLBlackBerry CEO says in enterprise partnership talks, FT reports
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09:36 EDTAAPLActive equity options trading on open
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09:30 EDTAAPLApple set to become TSMC's largest client, DigiTimes reports
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09:28 EDTAAPLApple to release iPhones at different times to avoid competition, DigiTimes say
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06:46 EDTAAPLApple could launch mobile wallet as early as this fall, The Information reports
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July 23, 2014
18:03 EDTAAPLInvestors shouldn't wait too long to buy Apple, Barron's says
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17:01 EDTAAPLOn The Fly: Closing Wrap
Stocks began the session mixed and remained that way throughout the trading day, with the Nasdaq the leader and the Dow the laggard. The tech-heavy Nasdaq was helped by a post-earnings rise in shares of Apple (AAPL), while the blue-chip index was weighed down by Boeing's (BA) under-performance following its own quarter report. There was little movement in the averages during the day as they remained in a narrow range, but the increase in the S&P 500 did manage to push it to a new all-time closing high. After the bell, investors will receive the next wave of earnings with AT&T (T), Facebook (FB) and Qualcomm (QCOM) scheduled to report. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced $2.47, or 2.61%, to $97.19 after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Another research firm, Janney Capital, said Apple did not address rumored new products, like the iPhone 6 and iWatch, on its earnings call, but did indicate that its wider than normal revenue guidance range was due to "many moving pieces," suggesting one or two new products may be introduced, but late in the quarter... Dow component Boeing sank $3.03, or 2.34%, to $126.71 despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's (MCD), fell 92c, or 0.96%, to $95.35 after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock surged $174.40, or 295.44%, to $233.43 after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose $69.47, or 17.71%, to $461.63 and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers was Xilinx (XLNX), which tumbled $6.89, or 14.31%, to $41.26 after the company reported lower than expected first quarter revenue and forecast that its sales could drop as much as 4% in Q2 versus Q1. After the report, analysts at William Blair, Bank of America Merrill Lynch and BMO Capital all downgraded the stock. Also lower were shares of Juniper Networks (JNPR), which fell $2.39, or 9.63%, to $22.43 and was also downgraded at Bank of America Merrill Lynch after its Q3 guidance missed expectations. INDEXES: The Dow slid 26.91, or 0.16%, to 17,086.63, the Nasdaq rose 17.68, or 0.4%, to 4,473.70, and the S&P 500 gained 3.48, or 0.18%, to 1,987.01.
16:00 EDTMSFT, AAPLOptions Update; July 23, 2014
iPath S&P 500 VIX Short-Term Futures up 23c to 28.17. Option volume leaders: AAPL FB C GILD MSFT PBR NFLX AMZN TWTR TSLA according to Track Data
14:47 EDTAAPLEarnings Preview: Qualcomm reports after Goldman takes off 'Conviction Buy' list
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12:17 EDTAAPLOn The Fly: Midday Wrap
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12:01 EDTAAPLStocks with call strike movement; AAPL HLF
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10:40 EDTAAPLApple tentatively plans to announce iPhone 6 in mid-September, 9to5Mac says
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10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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09:41 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
09:18 EDTMSFTMicrosoft upgraded at Pacific Crest
As noted earlier, Pacific Crest upgraded Microsoft to Outperform from Sector Perform. The firm thinks the company reported solid results and continues to make progress with its cloud offerings, while the Nokia deal has become derisked. Target $54.
08:52 EDTAAPLApple guide suggests big products to come late in quarter, says Janney Capital
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08:49 EDTAAPLVirnetX volatility elevated into CAFC decision
VirnetX (VHC) July weekly call option implied volatility is at 107, August is at 110, September is at 106, September is at 89; compared to its 26-week average of 85 according to Track Data, suggesting large near term price movement as investors await a with regard to VirnetX's case with Apple (AAPL).
08:08 EDTAAPL, AAPLApple price target raised to $120 from $115 at CLSA
08:04 EDTMSFTMicrosoft results step in right direction, says FBR Capital
FBR Capital views Microsoft's June quarter results as "as another step in the right direction" and it raised its price target for shares to $51 from $49. The firm keeps an Outperform rating on the stock, saying the Nokia guidance was better than feared.
07:58 EDTMSFTMicrosoft price target raised to $50 from $45 at Oppenheimer
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07:49 EDTMSFTMicrosoft price target raised to $50 from $46 at UBS
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07:47 EDTAAPLApple results more or less status quo, says Wells Fargo
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07:03 EDTAAPLApple price target raised to $123 from $111 at Cantor
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06:54 EDTAAPLApple shares recommended after June quarter results at Citigroup
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06:45 EDTMSFT, AAPLMicrosoft faces increased competition from MacBooks, Chromebooks, DigiTimes says
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06:22 EDTMSFTMicrosoft upgraded to Neutral from Underperform at BofA/Merrill
06:02 EDTMSFTMicrosoft upgraded to Outperform from Sector Perform at Pacific Crest
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July 22, 2014
18:34 EDTMSFTMicrosoft reverses after Q4 earnings call, now trading up 1.4%
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18:33 EDTMSFT, AAPLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Broadcom (BRCM), consensus up 3% after reporting second quarter results... Intuitive Surgical (ISRG), up 10.4%... Manhattan Associates (MANH), up 3%... Robert Half International (RHI), up 3.9%... Hawaiian Holdings (HA), up 3.1%... Microsoft (MSFT), up just under 1%... FMC Technologies (FTI), up 1.1%. ALSO HIGHER: Ballard Power Systems (BLDP), up 2.7% following purchase order from New Flyer Industries... Unwired Planet (UPIP), up 2.4% after filing a lawsuit against Microsoft for breach of contract. NOTABLE: Puma Biotechnology (PBYI), up 193.8% after reporting positive top line results from Phase III PB272 trial. DOWN AFTER EARNINGS: Xilinx (XLNX), down 8.7%... Apple (AAPL), down after reporting third quarter results and fourth quarter guidance... Juniper Networks (JNPR), down 4.7%... ALSO LOWER: Farmland Partners (FPI), down 3.8% after filing to sell 3.72M shares of common stock.
18:27 EDTMSFTMicrosoft says demand weak in China, unlikely to change soon
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18:10 EDTAAPLApple guidance suggests Sept. 26 iPhone launch, says Piper Jaffray
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18:03 EDTMSFTMicrosoft sees FY15 OpEx $34.2B-$34.6B
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17:31 EDTAAPLApple sees business as a catalyst for iPad sales
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17:12 EDTAAPLApple says iPad sales were 'gated' by channel inventory, market softness
Comment made on Q2 earnings conference call.
16:57 EDTMSFTUnwired Planet files suit against Microsoft
Unwired Planet (UPIP) announced that it has sued Microsoft (MSFT) for breach of contract and declaratory judgment in the U.S. district court of Delaware. This action relates to the licensing agreement the two companies entered into in September 2011. "Microsoft owes Unwired Planet licensing fees under a previous agreement,” stated Phil Vachon, chairman of Unwired Planet. The complaint was filed under seal in order to protect the confidentiality of certain terms of the parties’ agreement.
16:35 EDTAAPLApple shares up 17c to $94.89 following Q3 results
16:34 EDTAAPLApple CEO says 'strong' sales of iPhone, Mac in Q3
Apple CEO Tim Cook said, "“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters. We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce."
16:33 EDTAAPLApple sold 35.2M iPhones in Q3
Apple sold 13.28M iPads in Q3, 4.4M Macs, and 2.93M iPods.
16:32 EDTAAPLApple reports Q3 gross margin 39.4% vs. 36.9% last year
International sales accounted for 59% of the quarter's revenue.
16:31 EDTAAPLApple sees Q4 revenue $37B-$40B, consensus $40.44B
Sees Q4 gross margin between 37%-38%.
16:30 EDTMSFTMicrosoft sold 1.1M XBox consoles in Q4
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16:30 EDTAAPLApple reports Q3 EPS $1.28, consensus $1.23
Reports Q3 revenue $37.4B, consensus $37.99B.
16:11 EDTMSFTMicrosoft CEO says cloud revenue doubled to $4.4B run rate
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16:07 EDTMSFTMicrosoft reports Q4 commercial revenue grew 11% to $13.48B
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16:06 EDTMSFTMicrosoft reports Q4 devices and consumer revenue up 42% to $10B
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16:03 EDTMSFTMicrosoft reports Q4 EPS 55c, consensus 60c
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16:00 EDTAAPLOptions Update; July 22, 2014
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15:32 EDTMSFTMicrosoft technical notes before earnings
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15:30 EDTAAPL, MSFTNotable companies reporting after market close
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15:24 EDTMSFTMicrosoft July weekly 45 straddle priced for 4.1% move into Q4
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15:12 EDTAAPLApple July weekly 94.64 straddle priced for 4.6% move into Q2
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15:07 EDTMSFTEarnings Preview: Microsoft to report after Nadella makes big job cuts
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13:18 EDTAAPLEarnings Preview: Apple reports after stock split, Beats purchase, iOS 8 launch
Apple (AAPL) is set to report third quarter earnings after the market close on Tuesday, July 22, with a conference call scheduled for 5:00 pm ET. Apple, the world's most valuable company by market capitalization, is the manufacturer of the iPhone and iPad, among other desktop and mobile computing devices. EXPECTATIONS: Analysts are looking for earnings per share of $1.23 on revenue of $37.99B, according to First Call. The consensus range for EPS is $1.14-$1.37 on revenue of $36.58B-$40.31B. In a note to investors, Piper Jaffray analyst Gene Munster said Street analysts expect year-over-year iPhone sales growth of 14% to 35M-36M units, flat iPad sales of 14M-15M units, and a Q3 gross margin of 38%. Munster added that he expects Apple to guide Q4 revenues to $39B-$41B, which is in keeping with Street estimates for about $40.4B in Q4 revenue. LAST QUARTER: Apple reported second quarter EPS of $11.62 on revenue of $45.6B, which topped estimates for $10.18 and $43.5B, respectively. Apple reported iPhones sales of 43.7M units, iPad sales of 16.35M units and Mac sales of 4.14M. Apple said it sees Q3 revenue of $36B-$38B and a gross margin of 37%-38%. Along with its Q2 report, Apple announced a seven-for-one stock split. Apple also announced that its board raised its share repurchase authorization to $90B from the $60B level announced last year and an increase to the company’s quarterly dividend of approximately 8% to $3.29 per common share. NEWS: On May 28, Apple confirmed that it agreed to buy Beats Music, which operates a streaming music service, and Beats Electronics, which makes and sells electronic music products such as headphones and speakers, for $3B. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple said at that time that it expects the transaction to close in Q4. On June 2, Apple announced OS X Yosemite, a new version of OS X redesigned and refined with a new look, new apps and new continuity features. Apple also unveiled iOS 8, a new version of its mobile operating system with new features for users and developers. Among the features were iCloud Photo Library, which allows user to enjoy photos and videos more easily across devices, new Messages features to easily share voice, video or photos, and a new Health app. Apple noted that the software development kit, or SDK, for iOS 8 was its "biggest developer release ever," with more than 4,000 new APIs. Apple and IBM announced last week that they would collaborate to provide mobile solutions for businesses. Under the deal, the companies will develop more than 100 enterprise solutions, including native apps, for Apple's iPhone and iPads. Moreover, IBM will sell iPhone and iPads to all of its business clients around the world, the companies noted. Also last week, Apple announced that Susan Wagner, founding partner and director of BlackRock (BLK), has been elected to Apple's board and that Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. Mac Rumors reported on July 10 that Apple was said to have ordered 68M iPhone 6 devices, citing a report in Taiwan's Business Weekly. That's double the amount of phones that the tech giant ordered prior to launching the iPhone 5 in 2012, the tech blog noted. The Wall Street Journal subsequently claimed that Apple has asked its suppliers to manufacture between 70M-80M of its two upcoming large-screen iPhones by the end of the year. ANALYST OPINION: On the day after Apple's last quarterly report, CLSA upgraded its rating on the shares to Buy from Outperform. On May 9, ISI Group downgraded Apple to Buy from Strong Buy, citing valuation. On June 2, following Apple's launch event for iOS 8, Piper Jaffray said it believed parts of Apple's new operating system point towards a possible iWatch later in the year and potential connected home products in the future. Piper said at that time that Apple remains on track to deliver multiple new product categories by the end of 2014. On June 17, Societe Generale upgraded Apple to Buy from Hold. On July 14, Barclays raised its rating on Apple to Overweight from Equal Weight, citing its channel checks that indicated near-term upside to consensus estimates. The firm also believes troubles at Samsung are creating an opportunity for Apple to regain market share and raised its price target for Apple shares to $110 from $95. The same day, Morgan Stanley said its survey results suggest June quarter iPhone demand upside. The firm raised its iPhone unit estimate to 36M from 34M and increased its EPS estimate to $1.24. Morgan Stanley increased it price target on Apple to $110 per share. Yesterday, JMP Securities upgraded Apple to Outperform from Market Perform, as the firm thinks the company is poised to report higher than expected sales and gross margins over the near-term and intermediate term. JMP set a price target of $135 on the stock. In his note previewing Apple's quarter, Munster wrote that Apple's guidance for its September-end quarter should tell investors if new iPhones are launching in September or later in the year. The Piper analyst expects a typical September launch, which could give the company 5 or 12 days of sales with the new phone depending on a standard Friday launch and its timing. Munster estimated the potential 7 day swing in the timing of the new phone could mean a 3M-4M unit and about $2B difference in the guidance for Q4, citing recent weekly run-rates for iPhone sales near launch quarters. PRICE ACTION: Each Apple shareholder of record at the close of business on June 2 received six additional shares for every share held on the record date and trading began on a split-adjusted basis on June 9. Shares of Apple advanced about 8% on the first day of trade following its Q2 report. Since the first day of trade following its last quarterly report, shares of Apple are up nearly 26%. In early afternoon trading ahead of its Q3 report tonight, Apple was up fractionally to just over $94 per share.
10:51 EDTAAPLApple technical comments ahead of earnings
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10:30 EDTAAPLApple July weekly volatility increases into Q3
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10:01 EDTAAPLPandora advances after upbeat notes from analysts
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09:36 EDTAAPLActive equity options trading on open
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07:45 EDTAAPLApple granted patent for smartwatch with gesture support, AppleInsider says
A patent granted to Apple and published by the USPTO provides one of the clearest signs yet that the company has been working on a smartwatch, reported AppleInsider, which noted that the patent covers a wrist-worn wearable device, dubbed "iTime" in one illustration, that supports arm and wrist gestures and has advanced proximity-sensing circuitry. Reference Link
07:31 EDTMSFT, AAPLInvestors prepare for large dose of earnings reports
U.S. equity futures are suggesting a market bounce following yesterday’s down day. Investors are feeling optimistic about the week’s large number of earnings reports. Scheduled to release results today are tech heavyweights Apple (AAPL) and Microsoft (MSFT.) Both companies' earnings have the ability to impact the rest of the technology sector. Investors will also be examining the Consumer Prices Index, a housing price index, an existing home sales report, and Richmond Fed manufacturing data.
06:17 EDTMSFTGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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06:01 EDTAAPLApple asking suppliers to produce 80M large-screen iPhones, WSJ reports
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05:53 EDTMSFTStocks with implied volatility movement; HLF MSFT
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July 21, 2014
16:52 EDTMSFTGoogle ranked as top U.S. search marketplace in June
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16:00 EDTAAPLOptions Update; July 21, 2014
iPath S&P 500 VIX Short-Term Futures up 65c to 28.53. Option volume leaders: AAPL FB NFLX DG CMCSA GILD PBR TWTR TSLA according to Track Data.
14:27 EDTAAPLApple inventory, older iPhone demand should be watched, says BGC Financial
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14:23 EDTAAPLApple July weekly volatility elevated at 57 into Q3
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11:04 EDTMSFTOptions with increasing implied volatility:
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10:45 EDTAAPLAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
10:09 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
Microsoft July weekly call option implied volatility is at 51, August is at 29, October is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q4 on July 22.
10:02 EDTAAPLOn The Fly: Analyst Upgrade Summary
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09:38 EDTAAPLActive equity options trading on open
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08:17 EDTAAPLApple upgraded at JMP Securities
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07:48 EDTMSFTMicrosoft top lawyer fights at center of post-Snowden offensive, WSJ says
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07:15 EDTMSFTO'Reilly to hold a conference
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07:14 EDTAAPLApple should be owned into tomorrow's results, says Piper Jaffray
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06:42 EDTAAPLApple price target raised to $115 from $100 at UBS
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06:02 EDTMSFTLenovo says not getting out of small-screen Windows tablet business
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05:57 EDTAAPLApple upgraded to Outperform from Market Perform at JMP Securities
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July 20, 2014
13:06 EDTAAPLFormer Obama spokesman Carney said to consider job at Apple, Bloomberg says
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July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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16:47 EDTAAPLMarket ends week higher as earnings, M&A offset geopolitical tensions
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16:03 EDTAAPLOptions Update; July 18, 2014
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15:23 EDTTMJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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11:03 EDTAAPLEU says Google adding 'in-app' purchase protections, Apple yet to commit
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10:33 EDTAAPLSkyworks price target raised to $62 from $56 at Craig-Hallum
Craig-Hallum increased its price target on Skyworks (SWKS) after the company's Q3 results surpassed its guidance, and the company issued guidance for its September quarter that the firm views as strong. The firm thinks the company's annual EPS is moving towards $5. It expects the company to benefit from the launch of Apple's (AAPL) iPhone 6 and the recent popularity of Internet of Things devices. Craig-Hallum thinks the shares look cheap and reiterates a Buy rating on the shares.
09:48 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
08:58 EDTMSFTMicrosoft's Spencer confirms Xbox Entertainment Studios to close, Re/code says
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07:49 EDTAAPLEU says Apple should do more to battle in-app purchases issue, Reuters says
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07:22 EDTMSFTTotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:58 EDTAAPLReport says iPhone 6 begins mass production this month, Reuters says
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06:06 EDTMSFTXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTMSFTSony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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July 17, 2014
17:57 EDTMSFTMicrosoft still looks attractive, Barron's says
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16:52 EDTMSFTOn The Fly: Closing Wrap
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16:40 EDTAAPLBill Campbell retires from Apple's board, replaced by Susan Wagner
Apple (AAPL) announced that Susan Wagner, founding partner and director of BlackRock (BLK), has been elected to Apple's board. Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. Wagner co-founded BlackRock in 1988, holding a range of leadership positions including vice chairman until mid-2012.
16:01 EDTMSFT, AAPLOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
15:05 EDTAAPLEarnings Preview: IBM reports after Apple deal, dividend hike
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14:51 EDTAAPLApple heads lower to test of support, levels to watch
The shares are heading lower, last at $93.48. At that price the stock is just above uptrend support at the 30-day moving average, last at $93.11. A break below the 30-day moving average would set the stage for a test down to the 50-day moving average at $90.57. Resistance is at $95.10, the 10-day moving average.
14:44 EDTAAPLAsus tablet sales in Japan top Apple in first half of year, Nikkei says
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13:33 EDTAAPLAmazon.com reportedly deveoping Android app for Prime content, Cnet says
Amazon (AMZN) may soon release an app that would enable users of Google's (GOOG) Android operating system to stream content from Amazon's Prime Instant Video, PC Advisor reported, according to Cnet. Currently Amazon's Kindle Fire tablets and Apple's (AAPL) iPads are the only mobile devices that can access content from Prime, Cnet stated. Reference Link
13:20 EDTMSFTMicrosoft to shutter Xbox Entertainment Studios, Re/code reports
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13:18 EDTMSFTOn The Fly: Midday Wrap
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09:40 EDTMSFT, AAPLActive equity options trading on open
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09:15 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
08:39 EDTMSFTMicrosoft shifting some Nokia X designs to Lumia products running Windows
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08:25 EDTMSFTMicrosoft CEO says plans to have fewer layers of management
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08:25 EDTMSFTMicrosoft CEO says decision to change "difficult, but necesary"
In am email to Microsoft employees on the integration of Nokia Devices and Services, CEO Satya Nadella said "The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year. Of that total, our work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers. We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months. It’s important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas... Our workforce reductions are mainly driven by two outcomes: work simplification as well as Nokia Devices and Services integration synergies and strategic alignment. First, we will simplify the way we work to drive greater accountability, become more agile and move faster. As part of modernizing our engineering processes the expectations we have from each of our disciplines will change. In addition, we plan to have fewer layers of management, both top down and sideways, to accelerate the flow of information and decision making. This includes flattening organizations and increasing the span of control of people managers... Second, we are working to integrate the Nokia Devices and Services teams into Microsoft. We will realize the synergies to which we committed when we announced the acquisition last September. The first-party phone portfolio will align to Microsoft’s strategic direction. To win in the higher price tiers, we will focus on breakthrough innovation that expresses and enlivens Microsoft’s digital work and digital life experiences. In addition, we plan to shift select Nokia X product designs to become Lumia products running Windows." Reference Link
08:13 EDTMSFTMicrosoft to cut 18K jobs, sees restructuring charge of $1.1B-$1.6B
Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. These steps will result in the elimination of up to 18,000 positions over the next year. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business acquired by Microsoft on April 25. The actions associated with the plan are expected to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges.
08:11 EDTMSFTMicrosoft to cut 18K jobs, sees pretax charge of $1.1B-$1.6B
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08:00 EDTMSFTMicrosoft says Xbox One sales more than double in June from prior month
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05:58 EDTMSFTMicrosoft layoffs could be announced today, NY Times reports
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