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Stock Market & Financial Investment News

News Breaks
January 2, 2013
12:02 EDTTSM, AAPL, SSNLF, INTCTSMC rises after report of agreement with Apple, positive Citi mention
U.S. listed shares of semiconductor maker Taiwan Semiconductor Manufacturing (TSM) have moved up after a report in Commercial Times, a Chinese language financial paper, said Apple (AAPL) moved the production of its A6 X processors to the company and away from Samsung (SSNLF). As Apple moves to become less reliant on Samsung, TSMC may begin trial production of the chips in Q1, according to the report. Apple has also been rumored to switch to TSMC's 20nm process for quad-core processors it uses in a number of products, the report said. Also, in an note to investors this morning, Citigroup analyst Roland Shu called TSMC the research firm's top pick among semiconductor foundries shifting their competitive models to a "technology-driven" one from a "cost-driven" model. Shu said the company's near monopoly on some advanced manufacturing technologies places it ahead of a number of competitors. TSMC may be able to use its competitive position to secure one or two additional large customers contributing over 10% of its revenues in the upcoming year or two, according to Shu, who kept a Buy rating on its shares. In midday trading, TSMC shares rose 84c, or 4.90%, to $18.00.
News For TSM;AAPL;SSNLF;INTC From The Last 14 Days
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September 3, 2014
13:52 EDTSSNLFSamsung collaborates with Oculus to introduce the Gear VR
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13:33 EDTAAPLGT Advanced September volatility elevated into Apple event
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12:59 EDTAAPLNXP Semiconductors volatility flat as shares near record high into Apple event
NXP Semiconductors overall option implied volatility of 32 is near its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
12:33 EDTAAPLOn The Fly: Midday Wrap
Stocks on Wall Street were higher to begin the day, as reports spurred optimism that a ceasefire agreement between Russia and the Ukraine may soon be reached. The move was short lived, as the averages turned mixed during the second hour of trading. Shares of Apple (AAPL) are weighing down the Nasdaq after an analyst recommended investors take some profits in the stock. ECONOMIC EVENTS: In the U.S., factory orders rose 10.5% in July, which was a bit below the forecast for 11.0% growth. The Fed's Beige Book is scheduled to be released at 2:00 pm ET. In Europe, the final reading of Eurozone services PMI was knocked down to 53.1 from a preliminary 53.5 reading, mirroring the lowering of the Eurozone manufacturing PMI reading yesterday. COMPANY NEWS: Shares of Apple retreated 4% after research firm Pacific Crest advised investors to take some profits in the stock. Pacific Crest analyst Andy Hargreaves forecast the percentage of new iPhone users who buy the next version of the device beyond the iPhone 6 is likely to decline versus prior cycles. The stock likely has only limited room to increase, according to Hargreaves, who said he would probably downgrade Apple unless new products that can generate billions of dollars in new operating profit are launched at its September 9 event... Carmakers reported on August vehicle sales in the U.S., with Chrysler (FIATY) reporting a 20% increase, Ford stating that sales rose slightly compared to the prior year and General Motors (GM) posting a 1.2% decline in sales. MAJOR MOVERS: Among the notable gainers was Infinity Pharmaceuticals (INFI), which jumped 46% after the company announced a cancer drug collaboration with AbbVie (ABBV) and a master clinical supply agreement with Roche (RHHBY). Also higher was Mobileye (MBLY), which gained nearly 10% after Morgan Stanley wrote that the stock could rise "towards $100" if the company maintains its current market, gross margins and earnings position. Mobileye is scheduled to report on its second quarter results tomorrow morning, which will be its first quarterly report since its August IPO. Among the noteworthy losers was Repros Therapeutics (RPRX), which dropped 15% after newly posted FDA briefing documents regarding a panel on T-normalizing therapies prompted Piper Jaffray to downgrade the stock to Neutral from Overweight. Also lower following its earnings report was apparel company Vince Holding (VNCE), which fell 11%. INDEXES: Near midday, the Dow was up 33.71, or 0.2%, to 17,101.27, the Nasdaq was down 23.24, or 0.51%, to 4,574.95, and the S&P 500 was down 0.64, or 0.03%, to 2,001.64.
11:44 EDTAAPLApple breaks support, levels to watch
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11:24 EDTAAPLApple slumps after analyst advises taking profits
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10:46 EDTSSNLFMaxim Integrated says stock valuation reflects Samsung concentration
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10:40 EDTAAPLAnalyst sees security 'spending frenzy' amid high-profile hacks
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10:27 EDTAAPLApple falls, levels to watch
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10:16 EDTSSNLFAT&T confirms will carry Samsung Galaxy Note 4, Note Edge, Gear VR
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
08:58 EDTAAPLInvestors should take profits in Apple, says Pacific Crest
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08:34 EDTINTCIntel volatility increases as shares near 10-year high
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08:06 EDTAAPLApple iWallet poses threat to PayPal, says RW Baird
Baird said an Apple (AAPL) mobile payments platform will pose a headline risk to eBay's (EBAY) PayPal. The firm sees it as a particular threat to growth opportunities at point-of-sale, although Baird notes PayPal has a solid start, a strong fraud detection platform, compliance with bank regulators, and accelerating growth in e-commerce payments. The firm has Outperform ratings on both stocks, with a price target of $63 on eBay and a target of $105 on Apple.
07:57 EDTAAPLApple coverage assumed with a Perform at Oppenheimer
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07:54 EDTSSNLFEuropean Commission fines Infineon, Samsung, Philips EUR138M
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07:44 EDTINTCIntel management to meet with Deutsche Bank
Meetings to be held in Amsterdam/Milan on September 3 hosted by Deutsche Bank.
07:05 EDTAAPLNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
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06:21 EDTSSNLFSamsung, Lenovo cuts tablet prices in US market, DigiTimes says
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06:20 EDTAAPLSupply chains ramp up component production for 9.7-inch iPad, DigiTimes says
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