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March 22, 2013
15:58 EDTGOOG, AAPL, VIX, INTC, ORCL, PEP, BBRY, BACOptions Update; March 22, 2013
CBOE Volatility Index-VIX down 19c to 13.80. Option volume leaders: BAC ORCL BBRY AAPL C INTC GOOG PEP according to Track Data.
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November 12, 2015
05:51 EDTAAPLApple P2P offering to have limited impact, says Piper Jaffray
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November 11, 2015
18:45 EDTGOOGGoogle may face competitive hurdles in China, WSJ says
Google (GOOG) could face intense competition in China even as it looks to secure government approval to launch its Google Play mobile app store in the country, reports the Wall Street Journal. After pulling its services from China roughly five years ago over censorship issues, local rivals Baidu (BIDU), Xiaomi, and others have gained significant footholds. Sources in the Chinese internet industry told the Journal it "shouldn't be too difficult" for Google to obtain regulatory approval for Play, and the app store may in fact be Google's best chance of penetrating the region, given the high fragmentation and security issues of local offerings. Reference Link
16:26 EDTAAPLOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street finished the day lower following a range-bound session marked by lighter than normal volume due to the Veteran's Day holiday. The lower participation allowed the market to digest the latest round of earnings with the reporting season beginning to wind down. Oil remained under pressure and closed near three week lows, as production has not really declined despite lower pricing. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet with no major data reported. U.S. bond markets were closed in observance of Veteran's Day. In China, industrial output rose 5.6% in October, matching March's reading as the weakest since 2008. Retail sales climbed 11% last month, beating expectations. COMPANY NEWS: Shares of Alibaba Group (BABA) trading in New York fell $1.62, or 1.98%, to $79.81 despite its report of blockbuster sales for the 11.11 shopping festival, better known as "Singles' Day." By the end of Wednesday in China, gross merchandise volume on Alibaba's platforms hit $14.3B, far exceeding last year's 24-hour total of $9.3B and topping the company's $11B forecast... Macy's (M) shares fell 14% to $40.41 after the department store operator cut its fiscal year sales and profit forecasts and said it would not follow an activist investor's suggestion to form a real estate investment trust. A number of its peers fell as well, including J.C. Penney (JCP), which dipped 1.9% despite previewing that its own quarterly results should be better than its prior expectations. Penney, which pre-announced stronger than expected same-store sales growth of 6.4% for Q3, is set to report full quarterly results on Friday morning... Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) came to terms on a deal to combine the companies in a transaction worth $107B. In relation to their deal, Molson Coors (TAP) agreed to purchase SABMiller's 58% stake in MillerCoors, the joint venture formed in the United States in 2008, in a deal valued at $12B. Molson Coors was the biggest winner following today's announcements, rising 4.4% to $92.19. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which rose 33c, or 4.39%, to $7.85 after Dialog Semiconductor (DLGNF) issued a statement saying it continues to "strongly" support its agreement to acquire the company. Also higher was Amazon (AMZN), which gained $14.18, or 2.15%, to $673.86 after research firm Morgan Stanley raised its price target on the name to $800 from $750 on the growing opportunity of Amazon Web Services. Separately, Wayfair (W) rallied 5.4% to $41.57 after Cowen analysts raised their target on the shares to $61 from $56 and reiterated an Outperform rating, calling Tuesday's selloff misguided. Among the noteworthy losers were Horizon Pharma (HZNP) and Insys (INSY), which declined a respective 19.6% and 8.7% after Express Scripts (ESRX) cut ties with Linden Care, a specialty pharmacy used by both companies. Also lower was PayPal (PYPL), which fell 67c, or 1.81%, to $36.33 shortly before the close after the Wall Street Journal reported that Apple (AAPL) is working on a mobile payments service that could compete with the firm's Venmo platform. Additionally, Intercept (ICPT) lost $24.02, or 11.66%, to $181.95 after FBR Capital cut its price target on the stock to $192 from $273, saying the market opportunity for Intercept's obeticholic acid liver disease candidate appears smaller than initially thought. INDEXES: The Dow dropped 55.99, or 0.32%, to 17,702.22, the Nasdaq slid 16.22, or 0.32%, to 5,067.02, and the S&P 500 declined 6.72, or 0.32%, to 2,075.00.
16:00 EDTBAC, AAPLOptions Update; November 11, 2015
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15:38 EDTAAPLApple at work on potential rival to PayPal Venmo payment service, WSJ reports
Apple (AAPL) is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's (PYPL) Venmo platform, the Journal said. Paypal shares fell 2.5% in afternoon trading following the report. Reference Link
15:33 EDTAAPLPayPal dips after report of Apple woking on payment service
Shares Paypal (PYPL) are down 1.7% following a Dow Jones report that says Apple (AAPL) is working on a mobile person-to-person payment service that could challenge Paypal's Venmo.
15:31 EDTAAPLApple in talks with banks on mobile person-to-person payment sevice, DJ says
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14:51 EDTAAPLApple CEO Cook vows to stay in Ireland regardless of tax verdict, RTE says
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14:31 EDTGOOGAlphabet Inc volatility near historic low as shares trend to record high
Alphabet Inc (GOOG) November weekly call option implied volatility is at 18, November and December is at 19; compared to its 52-week range of 17 to 42, suggesting decreasing price risk as shares trend to record high.
09:59 EDTORCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amedisys (AMED) downgraded to Neutral from Buy at Mizuho... Apple Hospitality REIT (APLE) downgraded to Neutral from Buy at Ladenburg... BioCryst (BCRX) downgraded to Underperform from Neutral at BofA/Merrill... Boot Barn (BOOT) downgraded to Hold from Buy at BB&T... C1 Financial (BNK) downgraded to Market Perform from Outperform at Raymond James... Clarcor (CLC) downgraded to Market Perform from Outperform at Avondale... EMC (EMC) downgraded to Market Perform from Outperform at Wells Fargo... Eaton (ETN) downgraded on near-term challenges at Argus... Keurig Green Mountain (GMCR) downgraded to Negative from Mixed at OTR Global... Lennox (LII) downgraded to Neutral from Overweight at JPMorgan... Mediaset (MDIUY) downgraded to Hold from Buy at HSBC... MetLife (MET) downgraded to Equal Weight from Overweight at Morgan Stanley... Metaldyne Performance (MPG) downgraded to Equal Weight from Overweight at Barclays... Oracle (ORCL) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Hold from Buy at Canaccord... Rex Energy (REXX) downgraded to Market Perform from Outperform at Northland... Rice Energy (RICE) downgraded to Neutral from Buy at Goldman... Rockwell Automation (ROK) downgraded to Underperform from Outperform at CLSA... Sabra Health Care (SBRA) downgraded to Neutral from Buy at SunTrust... SanDisk (SNDK) downgraded to Market Perform from Outperform at Bernstein... Vestas Wind (VWDRY) downgraded to Hold from Buy at HSBC.
09:38 EDTAAPLApple slides lower, levels to watch
The stock was last at $116, down fractionally on the day so far but suggesting a test at $115 is possible. That level has been important support in the past. Below it, support the next key level is at the $105 area. There is still a potential bearish head and shoulders pattern on the long-term chart that would trigger below that point. Resistance is at yesterday's closing price at $116.77.
09:38 EDTAAPL, BACActive equity options trading on open
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08:25 EDTGOOGFederal claims dismissal in Google browser tracking suit upheld, Reuters reports
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08:15 EDTBBRYBlackBerry December volatility elevated on wide price movement into Q3
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08:05 EDTORCLOracle downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Keith Weiss downgraded Oracle to Equal Weight from Overweight and maintained his $45 price target on shares. Weiss said strong cloud bookings have failed to drive multiple expansion due to the long conversion into revenue growth. He also cites a larger than expected impact on earnings from the cloud transition and lack of visibility into the duration of those impacts. Additionally, the analyst said there are rising concerns about the core database business given the increasingly competitive environment. Weiss expects Oracle to deliver 10-12% total returns, inline with the market, and said shares need improvement from the cloud business and/or a robust database cycle to drive shares significantly higher.
06:44 EDTBACBank of America CEO: U.S. consumer spending robust in October, Bloomberg says
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06:34 EDTAAPLApple acquired 15 firms in past year, 6 unknown, AppleInsider reports
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06:27 EDTAAPLApple to hire an additional 1,000 staff in Ireland, Reuters reports
Apple is set to add 1,000 jobs in Ireland, Reuters reports, citing comments made by Irish jobs minister Richard Burton. The jobs are expected to be added at Apple's base in Cork. Reference Link
06:21 EDTAAPLApple Music available for Android, BuzzFeed News reports
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06:19 EDTGOOGAppNexus talks to Goldman, other banks about IPO plans, Business Insider reports
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