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Stock Market & Financial Investment News

News For VIX;MSFT;FB;AAPL;BAC From The Last 14 Days
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December 22, 2014
16:02 EDTAAPLOptions Update; December 22, 2014
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09:38 EDTFB, AAPLActive equity options trading
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08:04 EDTAAPLRF Micro Devices,TriQuint price targets raised at Brean Capital
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07:29 EDTAAPL, MSFTFitness band maker Fitbit plans IPO for next year, Bloomberg reports
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06:22 EDTAAPLApple prepares for MacBook Air, Watch production, DigiTimes reports
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06:21 EDTAAPLBBC documentary accuses Apple of violating labor laws, WSJ reports
A BBC documentary has accused Apple suppliers of violating labor laws, reports the Wall Street Journal. In a documentary that aired this week, the BBC said undercover reporters found that Taiwan’s Pegatron, which makes some iPhones, was violating Apple’s guidelines by mandating overtime for workers, requiring workers to attend meetings without pay and forcing workers to live in overcrowded dormitories. The documentary also provided evidence that tin from illegal mines in Indonesia could be making its way into Apple’s supply chain. Reference Link
06:05 EDTAAPL7% of iPhone users intend to buy Apple Watch, says Piper Jaffray
Piper Jaffray says its most recent consumer survey indicates that 7% of iPhone users currently intend to purchase an Apple Watch, down from 8% in September. Piper believes consumers are taking a "wait-and-see" approach on the product. It expects Apple to highlight more functionality of the watch into the June quarter launch, which it believes could accelerate adoption. Piper reiterates an Overweight rating on Apple shares with a $135 price target. The tech giant closed Friday down 87c to $111.78.
December 21, 2014
18:57 EDTAAPLChina's Xiaomi raises over $1B in latest funding round, WSJ says
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December 19, 2014
16:01 EDTFB, BAC, AAPLOptions Update; December 19, 2014
iPath S&P 500 VIX Short-Term Futures down 27c to 29.90. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX according to Track Data.
14:34 EDTAAPLApple February volatility increases to 29
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13:33 EDTMSFTVirnetX to receive $23M from Microsoft in patent settlement
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12:04 EDTFBFacebook rises after Citi nearly doubles Instagram value estimate
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11:54 EDTMSFTRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
09:37 EDTAAPL, FBActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
08:03 EDTAAPLApple iPhone demand tracking ahead of estimates, says Morgan Stanley
Morgan Stanley's checks indicate Apple iPhone demand is 67M units for the December quarter, above its estimates of 62M units and consensus of 63M. The firm said demand is tracking in-line with supply chain build of 65-70M and expects a channel inventory fill to occur in the March quarter or beyond. Shares are Overweight rated with a $126 price target.
07:31 EDTBACLarge banks oil exposure manageable, says Wells Fargo
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07:09 EDTAAPLBlackBerry announces Ocean Capital Investments migrates to BES12
BlackBerry (BBRY) announced that Ocean Capital Investments, and its subsidiaries, members of the Irving family of companies, are migrating to BES12: a cross-platform EMM solution by BlackBerry. Ocean Capital Investments will be deploying BES12 as a BlackBerry hosted cloud solution to manage BlackBerry and iOS devices, displacing their former mobile device management provider, MobileIron (MOBL). Ocean Capital Investments will replace the majority of their Apple (AAPL) iOS devices with BlackBerry's best-in-class QWERTY keyboard smartphones, BlackBerry Passport and the newly launched BlackBerry Classic.
06:23 EDTFBCiti raises valuation of Facebook's Instagram to $35B from $19B
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December 18, 2014
16:06 EDTMSFTNetSuite names Fred Studer Chief Marketing Officer
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16:01 EDTAAPLOptions Update; December 18, 2014
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15:16 EDTBACFed gives banks until July 2016 to to conform investments with covered funds
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14:19 EDTAAPLMacmillan CEO says new deal struck with Amazon
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11:49 EDTMSFTOracle soars to 52-week high after Q2 results beat estimates
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11:34 EDTMSFTMicrosoft to sell MixRadio service to LINE, terms not disclosed
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09:35 EDTAAPL, FBActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
08:31 EDTAAPLSkyworks price target raised to $90 from $75 at Pacific Crest
Pacific Crest increased its price target on Skyworks (SWKS), citing better than expected handset demand at Apple (AAPL) and Samsung. The firm expects Skyworks' revenue and gross margins to continue rising significantly into 2015. Pacific Crest recommends buying Skyworks.
06:50 EDTMSFTGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:36 EDTMSFTMicrosoft may be planning head-worn gaming device for 2015, DigiTimes reports
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06:13 EDTFBKey PayPal executive leaves for Facebook, WSJ reports
PayPal’s VP of growth and global strategy, Stan Chudnovsky, is leaving the company ahead of its planned spinoff from eBay (EBAY), The Wall Street Journal reports. Chudnovsky is set to join Facebook (FB) as its head of product management for messaging products. Reference Link
December 17, 2014
16:36 EDTAAPLGT Advanced issues response to Apple's statement
GT Advanced (GTATQ) issued the following statement: Tom Gutierrez, president and CEO, stated, "The position that Apple (AAPL) has taken in response to the release of our October 8th declaration is in line with our expectations, as reflected in paragraph 52 of Dan Squiller's October 28 declaration in support of the Apple Settlement. Although we have different views on the matter, we believe we have settled our disputes with Apple and see no point in further addressing the circumstances that led to our Chapter 11 filing or our relationship with Apple. Our focus now is on moving the company forward through the bankruptcy process. We remain optimistic that the Bankruptcy Court will approve the Apple Settlement Agreement on November 25th because it is in the best interest of all parties."
16:00 EDTAAPL, FB, BACOptions Update; December 17, 2014
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13:47 EDTBACNCAU files suit in federal court against BofA over mortgage securities
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10:42 EDTMSFTDigital River spikes after renewing agreement with Microsoft
Digital River (DRIV) shares are sharply higher this morning after the company agreed to extend the terms of its distribution agreement with Microsoft (MSFT). WHAT'S NEW: Digital River this morning disclosed in a filing that it has agreed to extend the term of its Operations Digital Distribution Agreement with Microsoft to March 31, 2017. Additionally, Microsoft can extend the expiration date for up to four separate six month renewal terms, according to Digital River. Earlier this month, Digital River shares declined up to 24% after disclosing that the company granted Microsoft an extension to December 19 from December 1 as the deadline by which Microsoft was required to provide notice to the company of its decision as to whether it would choose to extend the expiration date of the agreement. WHAT'S NOTABLE: Digital River also announced this morning that the Federal Trade Commission informed the company on December 5 that it granted early termination of the Hart-Scott-Rodino Act waiting period for the company's acquisition by an investor group led by Siris Capital for $26 per share in cash, or about $840M. The "go-shop" period expired on December 7, and Digital River did not receive a competing proposal. Digital River says the merger is expected to close in the first quarter of 2015. PRICE ACTION: Digital River shares are up $7.58, or 45%, to $24.44 in morning trading.
10:14 EDTMSFTHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
09:41 EDTAAPLActive equity options trading
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09:18 EDTMSFTTyler Tech signs contract with Buffalo and Ford Erie Public Bridge Authority
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09:16 EDTMSFTDigital River renews pact with Microsoft
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09:00 EDTAAPLEU expanding 'sweetheart' tax probe, WSJ reports
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08:54 EDTFBMGT Capital launches fantasy sports platform on Facebook
MGT Capital (MGT ) launched Daily Fantasy Legend, a fantasy sports game based in Facebook (FB) where players create teams of athletes from the rosters of major professional sports, and then compete in tournaments on a daily basis.
06:44 EDTMSFTGoogle opponents lobbying state attorneys general, NY Times says
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December 16, 2014
16:00 EDTFB, AAPL, BACOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
14:58 EDTAAPLApple slips lower after halt to online store sales in Russia
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14:54 EDTAAPLVirnetX says appeals court denies rehearing petition in Apple case
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14:06 EDTAAPLApple halts online sales in Russia over ruble, Bloomberg reports
Apple said that it its online store in Russia is "currently unavailable while we review pricing," according to Bloomberg, citing an emailed statement. The phone marker noted the "extreme" ruble fluctuations, the news agency added. Reference Link
13:11 EDTAAPLNXP Semiconductors rises after positive analyst mention, Apple Pay news
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13:09 EDTBACFINRA fines Merrill $1.9M for fair pricing violations
The Financial Industry Regulatory Authority, FINRA, announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.9M for fair pricing and supervisory violations in connection with more than 700 retail customer transactions in distressed securities over a two-year time period. Merrill Lynch was also ordered to pay more than $540,000 in restitution, plus interest, to affected customers. Reference Link
13:08 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, CNBC reports
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13:00 EDTAAPLApple found not guilty of breaking antitrust laws with iTunes, Bloomberg reports
10:42 EDTAAPLVirnetX drops 4% after reportedly losing appeal in case with Apple
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10:42 EDTAAPLAppeals court rules decision in VirnetX suit with Apple stands, Bloomberg says
VirnetX (VHC) lost its bid to reinstate $368.2M damage award from Apple (AAPL), reported Bloomberg.
10:10 EDTAAPLSamsung in talks with LoopPay to launch Apple Pay rival in 2015, Re/code reports
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09:59 EDTBACOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
09:59 EDTMSFTOn The Fly: Analyst Downgrade Summary
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09:36 EDTAAPLActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
07:37 EDTMSFTMicrosoft downgraded at BofA/Merrill
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07:20 EDTBACBank of America volatility elevated at 25
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07:01 EDTFBFacebook engagement metrics remain strong, says JPMorgan
JPMorgan says Facebook’s share of overall Internet time improved month-over-month to 16.9% from 16.2% in October while its share of mobile time excluding Instagram and Whatsapp increased to 21% versus 20% in October. The firm says Facebook's engagement metrics remain strong and it reiterates an Overweight rating on the stock with an $85 price target.
06:57 EDTFBGoogle price target lowered to $600 from $670 at JPMorgan
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06:48 EDTAAPLMore companies adopting Apple Pay, NY Times says
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06:32 EDTAAPLApple, Samsung offer price cuts for tablet products, DigiTimes reports
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06:16 EDTAAPLGT Advanced's settlement with Apple approved by bankruptcy court, WSJ reports
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06:05 EDTMSFTMicrosoft downgraded to Underperform from Neutral at BofA/Merrill
December 15, 2014
16:36 EDTAAPLOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
16:14 EDTBACBank of America initiated with a Buy at Guggenheim
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16:00 EDTAAPLOptions Update; December 15, 2014
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12:15 EDTAAPLCirrus jumps after Barclays ups stock two notches citing Apple opportunity
Shares of Cirrus (CRUS) are rallying after Barclays upgraded the stock two notches to Overweight from Underweight in a note to investors today. The company is poised to make significantly more money per each iPhone sold next year, the firm stated. Cirrus develops audio components for smartphones. WHAT'S NEW: Cirrus will obtain $2.50-$3.50 for each of Apple's (AAPL) iPhone 6S sold next year, up from about $2 for Apple's latest iPhone, the iPhone 6, Barclays analyst Blayne Curtis wrote. A new component made by Cirrus will enable smartphones to always respond to voice commands, even if the devices are turned off, the analyst reported. The new component can also enable Cirrus to obtain more revenue from Android phones, Curtis wrote. The company should obtain a significant amount of revenue from Samsung's upcoming Galaxy S6 devices, the analyst contended. He hiked his 2015 earnings per share estimate for the company to $1.55 from $1.19 and increased his price target on Cirrus shares to $28 from $18. PRICE ACTION: In early afternoon trading Cirrus rallied 19.4% to $22.50.
11:09 EDTMSFTSkype app to enable real-time voice translation, The Verge says
A new app from Microsoft's Skype enables voice calls in English or Spanish to be translated to the other language in real time, according to The Verge. The app will be available as a preview starting today, The Verge added. Reference Link
10:13 EDTBACBank of America reports November default rate 3.08% vs. 2.81% last month
Reports November delinquency rate 1.91% vs. 1.94% last month.
09:38 EDTAAPLActive equity options trading
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09:20 EDTBACFirst South Bancorp completes purchase of nine branches from Bank of America
First South Bancorp (FSBK), the parent holding company of First South Bank, announced that the bank has completed its acquisition of nine branch banking operations in eastern and central North Carolina from Bank of America (BAC). The purchase was finalized and the branches were converted to First South Bank branches during the weekend of December 12-14 and opened for business as First South Bank branches Monday morning, December 15.
08:44 EDTAAPLSkyworks price target raised to $95 from $75 at JMP Securities
JMP Securities increased its price target on Skyworks (SWKS) as the firm says that its checks indicate that the company is benefiting from strong demand for Apple's (AAPL) iPhone and for Chinese smartphones. The firm thinks the company has a number of other positive catalysts, including rapidly proliferating Internet of Things applications. JMP Securities reiterates an Outperform rating on the shares.
08:40 EDTAAPLCLSA technology analysts hold a luncheon meeting
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08:30 EDTAAPLApple checks show solid brand recognition in China, says Jefferies
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07:58 EDTFBWhatsApp rumored to be at work on web version of app, Business Insider says
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06:46 EDTAAPLApple could pay $450M if it loses e-book appeal, WSJ says
A report from yesterday explains that the Second U.S. Circuit Court of Appeals will begin considering Apple's appeal for a ruling that the company was engaged in illegal price-fixing over e-books, reports the Wall Street Journal. If Apple loses the appeal, the company could pay $450M, with most of it going to e-book customers, the Journal adds. Reference Link
06:21 EDTFBFacebook's Oculus acquires Nimble VR, 13th Lab
Oculus, which was acquired by Facebook earlier this year, announced on its blog last week that it has acquired startup companies Nimble VR and 13th Lab AB. Terms of the deals have not been disclosed. Reference Link
06:10 EDTFBFacebook implied volatility of 30 at lower end of index mean range
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06:06 EDTMSFT, FBFacebook stops including results from Bing on site, Reuters reports
A Facebook (FB) spokesperson has confirmed that the company has stopped including results from Microsoft’s (MSFT) Bing search engine on its site as it has revamped its own search offerings, Reuters reported on Friday. Facebook recently introduced a tool that allows users to quickly find past comments and other information posted by their friends on the social networking site. The spokesperson comments that "We continue to have a great partnership with Microsoft in lots of different areas." Reference Link
05:39 EDTAAPLCirrus Logic upgraded to Overweight from Underweight at Barclays
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December 12, 2014
16:00 EDTFB, AAPLOptions Update; December 12, 2014
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10:01 EDTMSFTOn The Fly: Analyst Initiation Summary
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09:35 EDTFB, AAPLActive equity options trading
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08:43 EDTAAPLWal-Mart cuts prices on iPhone, BGR reports
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08:24 EDTMSFTMicrosoft price target raised to $57 from $53 at FBR Capital
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07:21 EDTBACBofA/Merrill to hold a discussion
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06:37 EDTMSFTMicrosoft initiated with an Overweight at Piper Jaffray
Piper Jaffray started shares of Microsoft with an Overweight rating saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. The stock closed yesterday up 27c to $47.17.
06:37 EDTAAPLApple online store begins accepting PayPal, Re/code reports
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December 11, 2014
19:34 EDTMSFTMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
17:40 EDTAAPLPriceline becomes first online travel agency to integrate Apple PayApple
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16:20 EDTMSFTMicrosoft to now accept bitcoin
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16:01 EDTAAPLOptions Update; December 11, 2014
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14:50 EDTAAPLApple to start selling new iPads in China this week
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13:57 EDTFBFacebook using contact info to measure ad effectiveness, Wired says
Facebook is measuring how much its ads influence shoppers by comparing phone numbers and e-mails collected in stores with the phone numbers and e-mail addresses on Facebook accounts, Wired quoted Brian Boland, the vice president of ad tech at Facebook,as saying. Reference Link
13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
13:11 EDTAAPLApple February volatility elevated at 28
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10:38 EDTFBFacebook holds a webcast
Facebook holds a live Q&A webcast with Mark Zuckerberg on December 11 at 5 pm. Webcast Link
10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFT, AAPLCiti upbeat on Google in face of pending Apple decision on Safari
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10:17 EDTBACFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) – $ 5M; Credit Suisse Securities (CS) – $5M; Goldman, Sachs & Co. (CS) – $5M; JP Morgan Securities LLC (JPM) – $5M; Deutsche Bank Securities Inc. (DB) – $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) – $4M; Morgan Stanley & Co., LLC (MS) – $4M; Wells Fargo Securities, LLC (WFC) – $4M; Needham & Company LLC – $2.5M. In addition, FINRA found that six of the 10 firms — Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham — had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
09:37 EDTAAPLActive equity options trading
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09:05 EDTAAPLTSMC reports November sales down 10.5% to $2.32B, DigiTimes reports
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08:54 EDTFBFacebook management to meet with UBS
Meeting to be held in London on December 11 hosted by UBS.
08:53 EDTAAPL, FB, MSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:46 EDTAAPLApple Watch mass production rumored to start in January, AppleInsider says
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08:09 EDTAAPL, MSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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06:35 EDTAAPLUnited's 23,000 flight attendants to get iPhone 6 Plus, Business Insider reports
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06:32 EDTAAPLGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
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December 10, 2014
16:00 EDTAAPL, BACOptions Update; December 10, 2014
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14:20 EDTAAPLUnited Continental providing 23,000 flight attendants with iPhone 6 Plus
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12:24 EDTBACOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
11:12 EDTFBInstagram announces service now has over 300M users
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11:03 EDTBACJPMorgan drops 2% after CFO talks down Q4 numbers
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09:36 EDTFB, AAPLActive equity options trading
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09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
08:36 EDTAAPLApple, IBM deliver first wave of IBM MobileFirst for iOS apps
Apple (AAPL) and IBM (IBM) have delivered the first wave of IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services that bring IBM’s big data and analytics capabilities to iPhone and iPad users in the enterprise. IBM MobileFirst for iOS solutions are now available to enterprise customers in banking, retail, insurance, financial services, telecommunications and for governments and airlines, thanks to an unprecedented collaboration between Apple and IBM. IBM clients today announcing support for IBM MobileFirst for iOS solutions include: Citi, Air Canada, Sprint and Banorte.
08:09 EDTFBFacebook management to meet with UBS
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06:38 EDTAAPLBose products to return to Apple stores, 9to5Mac reports
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06:22 EDTAAPLChina touch panel makers suffer as smartphone inventory rises, DigiTimes reports
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December 9, 2014
18:20 EDTAAPLApple to establish R&D center in Japan, Nikkei reports
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16:00 EDTAAPL, BAC, FBOptions Update; December 9, 2014
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14:57 EDTBACFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTBACFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
12:48 EDTFBFacebook volatility at low end of historic range
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10:35 EDTAAPLApple falls, levels to watch
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09:38 EDTAAPL, BACActive equity options trading
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09:21 EDTAAPLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up 3.8%... Burlington Stores (BURL), up 3.3%. ALSO HIGHER: bluebird bio (BLUE), up 56.5% after price target raised at Piper Jaffray and SunTrust... Camtek (CAMT), up 6.7% after being awarded a $2.8M order from a semiconductor manufacturer... PDC Energy (PDCE), up 5.8% after providing fiscal 2015 production guidance... Mast Therapeutics (MSTX), up 3.1% after reporting that it will begin recruiting patients for MST-188 study in first half of fiscal 2015... Idera Pharmaceuticals (IDRA), up 1.4% after announcing data for its lead product candidate, IMO-8400. DOWN AFTER EARNINGS: UTi Worldwide (UTIW), down 10.8%... CONN'S (CONN), down 35.9% after reporting third quarter results, withdrawing fiscal 2015 guidance, stating that there is no timetable set for completion of strategic alternatives, and announcing the departure of its CFO. ALSO LOWER: Apple (AAPL), down 1.6% after Pacific Crest says that weak iPad demand could cause Apple to miss estimates and following a Wall Street Journal report that a judge denied Apple's efforts to throw out iPod pricing lawsuit... Allied Nevada Gold (ANV), down 30.1% after announcing pricing of common stock and warrant offering... United Continental (UAL), down 2.7% after reporting November traffic.
09:15 EDTBACBank of America sees Q4 sales and trading revenue down linked-quarter, y/y
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08:03 EDTAAPLWeak iPad demand could cause Apple to miss estimates, says Pacific Crest
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06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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06:20 EDTAAPLJudge denies Apple's efforts to throw out iPod pricing suit, WSJ reports
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December 8, 2014
16:00 EDTAAPL, BACOptions Update; December 8, 2014
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13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
13:16 EDTAAPLApple trades off session lows, levels to watch
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12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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06:37 EDTAAPLApple rumored to be launching 4-inch iPhone in 2015, Times of India reports
Apple is rumored to be developing a new iPhone with a 4-inch display, The Times of India reports, citing a report from The Electronic Times of Taiwan. According to supply chain sources, the device will launch in 2H15. Reference Link
06:35 EDTBACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:22 EDTAAPLApple price target raised to $135 from $120 at Citigroup
Citigroup raised its earnings estimates for Apple after its field work indicated consumers are increasingly buying the higher memory iPhone 6 and 6+. Citi expects purchasing trends towards higher memory devices to drive stronger sales and margins. It believes consensus estimates are yet to factor in this development. The firm raised its price target for Apple shares to $135 from $120 and keeps a Buy rating on the name. Shares of phone maker closed Friday down 49c to $115.
06:15 EDTAAPLLenovo shipments expected to lead Samsung by 9M in 2015, DigiTimes reports
Lenovo (LNVGY) is estimated to beat Samsung (SSNLF) in mobile device shipments in 2015 by about 9M units, reports DigiTimes Research. Lenovo is set to beat Samsung by about 1M units in 2014 and become the second largest mobile computing device brand vendor worldwide behind Apple (AAPL). DigiTimes Research says Lenovo and Samsung plan to focus on maintaining tablet shipments as demand weakens in 2015. Reference Link
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