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Stock Market & Financial Investment News

News Breaks
November 16, 2012
16:01 EDTVIX, MSFT, FB, AAPL, BACOptions Update; November 16, 2012
CBOE Volatility Index-VIX down 1.32 to 16.67. Option volume leaders: MSFT BAC FB AAPL according to Track Data.
News For VIX;MSFT;FB;AAPL;BAC From The Last 14 Days
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May 21, 2013
09:48 EDTMSFTMicrosoft breakout continues, levels to watch
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09:42 EDTAAPLActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
09:34 EDTAAPLApple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46.
08:12 EDTAAPLSenate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link
07:50 EDTAAPLIreland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link
07:25 EDTMSFTMicrosoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33.
07:13 EDTBACU.S. bank mergers less likely this year, Bloomberg reports
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07:05 EDTAAPLSenate report says Apple avoided paying taxes on $44B of income, Politico says
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06:39 EDTMSFTMicrosoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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May 20, 2013
17:12 EDTAAPLApple has avoided paying taxes on operations for five years, U.S. Senate says
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17:11 EDTAAPLApple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added.
16:02 EDTAAPLOptions Update; May 20, 2013
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15:19 EDTAAPLApple sees paying over $7B in taxes to U.S. in current fiscal year
Apple released testimony the company plans to give before the permanent subcommittee on investigations of the U.S. Senate tomorrow. In part, the company plans to state it expects to pay over $7B in taxes to the U.S. Treasury in its current fiscal year. Apple also contends it is "likely the largest corporate income tax payer in the US, having paid nearly $6B in taxes" to the U.S. in FY12. Reference Link
12:04 EDTAAPLApple rumored to be testing OLED for iWatch, AppleInsider says
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10:52 EDTFBFacebook near session lows, levels to watch
The stock is drifting lower today, nearing session lows at $25.73. At that price, next support is at $25.33, the 1-month low. Resistance is at $26.25.
10:11 EDTBACOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel.
09:40 EDTAAPLActive equity option families trading
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08:40 EDTMSFTBarnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link
07:42 EDTMSFTCohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22.
07:32 EDTMSFTSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
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