New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For VIX;MSFT;FB;AAPL;BAC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>
August 3, 2015
16:00 EDTBAC, FB, AAPLOptions Update; August 3, 2015
iPath S&P 500 VIX Short-Term Futures down 10c to 15.92 Option volume leaders: AAPL MWE TWTR FB RIG BAC DIS WMB NFLX CHK XOM CCE
14:41 EDTAAPLApple breaks down below support at $120, levels to watch
Shares were last at $118.59, off the session low at $117.52 which is now support. Below the low of the day next support is at $115.56. Resistance is at $120.
13:38 EDTAAPLApple weekly volatility increases as shares trend lower
Apple August weekly call option implied volatility is at 32, August is at 29, September and October is at 27; compared to its 52-week range of 15 to 36, suggesting larger near term price movement.
11:28 EDTAAPLApple in talks to launch MNVO service in US and Europe, Business Insider says
Subscribe for More Information
10:30 EDTMSFTMicrosoft acquires sales contest platform FantasySalesTeam, terms not disclosed
Subscribe for More Information
10:17 EDTMSFTTomTom exploring options that could lead to sale, Bloomberg reports
Subscribe for More Information
10:16 EDTFBOptions with decreasing implied volatility
Subscribe for More Information
09:38 EDTBAC, FB, AAPLActive equity options trading on open
Active equity options trading on open: AAPL FB AAL TWTR MU BAC NFLX ABX FIT
07:08 EDTAAPLApple testing voicemail service for Siri, Business Insider reports
Apple is testing a voicemail service whish uses Siri to answer calls and transcribe voicemails, Business Insider reports. The new service is planned for launch in 2016, the report says. Reference Link
05:56 EDTAAPLUBS sees Apple shipping 13M more iPhones in FY16
UBS analyst Steven Milunovich now believes Apple can ship 245M iPhones in its 2016 fiscal year, up from his previous estimate of 232M. A key debate among investors is whether iPhone shipments can grow in the fiscal year, Milunovich writes in a research note. He believes they can with potential upside from new customers additions. Phone upgrades are roughly two-thirds of iPhone shipments and are fairly predictable, he points out. And half of China buyers are new to Apple, the analyst notes. "The iPhone does have legs," Milunovich concludes. He views upside to iPhone estimates from new users as a potential catalyst for stock appreciation and keeps a Buy rating on Apple with a $150 price target. The shares closed Friday down $1.07 to $121.30.
August 2, 2015
20:27 EDTAAPLSilicon Valley shuttle drivers approve three-year union contract, WSJ says
Subscribe for More Information
16:21 EDTBACBofA vote on Moynihan chairmanship likely to come this year, Reuters says
Subscribe for More Information
16:14 EDTAAPLApple CEO toured BMW electric vehicle factory, Reuters says
Apple (AAPL) CEO Tim Cook and other senior executives travelled to BMW (BAMXY) headquarters last year and toured its Leipzig factory to gather data on electric car manufacturing, reports Reuters, citing two sources familiar with the matter. Collaboration talks ended without a definite conclusion because Apple appeared to want to pursue its own car development, said one the sources. Reference Link
15:45 EDTFBFacebook tests live events feature, WSJ says
Subscribe for More Information
13:17 EDTAAPLLG Display shares could rise 40% in one year, Barron's says
Subscribe for More Information
July 31, 2015
16:22 EDTFBStocks end week higher in U.S. despite selloff in China
Subscribe for More Information
16:00 EDTBAC, FB, AAPLOptions Update; July 31, 2015
Subscribe for More Information
15:44 EDTMSFTMicrosoft weighing Uber investment, Bloomberg says
Subscribe for More Information
15:36 EDTMSFTMicrosoft says may change financial reporting segments
Subscribe for More Information
10:31 EDTFBOptions with decreasing implied volatility
Subscribe for More Information
10:02 EDTAAPLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:56 EDTAAPLApple heads for retest of support
Shares are down less than 1% to $121.68, but the drift lower suggests the range low at the $120 area will be retested. A break below the range would be bearish. Resistance is at $122.99.
09:45 EDTBACBofA shareholders to vote on rule change that made Moynihan chairman
Bank of America will hold a special shareholder meeting to vote on the rule change that allowed CEO Brian Moynihan to become chairman a year ago, according to a regulatory filing. "In October 2014, we amended the company’s Bylaws to provide flexibility in considering the appropriate leadership structure for the Board as facts and circumstances may require," the company said in a filing with the SEC. "As discussed in the proxy statement for the 2015 Annual Meeting of Stockholders and in the enclosed proxy materials, we determined it currently is in the company’s and stockholders’ best interests to have Brian Moynihan serve as Chairman and Jack Bovender serve as Lead Independent Director—a new Board leadership role with robust powers and responsibilities to facilitate strong independent Board leadership. Since we established this governance structure, the Board has continued its diligent and active oversight of management, and we are confident this Board’s leadership structure serves the best interests of the company and all of us as stockholders by providing effective and efficient Board leadership while maintaining strong, independent oversight of management. We undertook a thorough and thoughtful process before changing the company’s Bylaws, and, through our engagement with you, we have heard your desire to vote on this action. We now seek your support of our decision. We encourage you to read the attached proxy materials to understand why we believe you should ratify the Bylaw change." No date has been yet for the meeting. Reference Link
09:36 EDTFB, AAPLActive equity options trading on open
Subscribe for More Information
08:18 EDTFBFacebook says aerospace, laser communications teams hit milestones
Facebook's Connectivity Lab team yesterday announced two milestones toward its goal to accelerate the development of a new set of technologies that can "drastically change the economics of deploying internet infrastructure." First, the team said "Aquila," the high-altitude, long-endurance aircraft designed by its aerospace team in the U.K., is now complete and ready for flight testing. "Aquila has the wingspan of a 737 but weighs hundreds of times less, thanks to its unique design and carbon-fiber frame. When deployed, it will be able to circle a remote region for up to 90 days, beaming connectivity down to people from an altitude of 60,000 to 90,000 feet," Facebook stated. Second, Facebook said its laser communications team achieved a "significant performance breakthrough," noting they’ve designed and lab-tested a laser that can deliver data at 10s of Gb per second, or approximately 10x faster than the previous state-of-the-art in the industry, to a target the size of a dime from more than 10 miles away. Facebook noted its team is now starting to test these lasers in real-world conditions. Reference Link
06:53 EDTAAPLToyota signs pact with two companies for in-car navigation, Re/code says
Subscribe for More Information
06:40 EDTBACU.S. banks prepared to take advantage of Euro lenders' cautions, WSJ says
U.S. banks are preparing to advance in the sector after reporting earnings, with executives touting the gloom coming from their European counterparts as a major opportunity to capitalize on their newfound advantage, the Wall Street Journal reports. On Thursday, Deutsche Bank (DB) CEO John Cryan said that the company must "shrink" its balance sheet, while Barclays (BCS) chairman John McFarlane said that Wall Street lenders are "an enormous threat" to Euro investment banks, the report says. On the other hand, Morgan Stanley (MS) chairman James Gorman said after reporting earnings last week that the company is poised to advanced in the debt trading sector, and that "there's a potential for, over a period of time, share gain for our business," the report says. In addition, Goldman Sachs finance chief Harvey Schwartz said that the company is "seeing potential big restructuring on the European side," the report adds. Publicly traded companies in the European space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Publicly traded companies in the U.S. space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:18 EDTMSFTMicrosoft says over 14M people already using Windows 10
Subscribe for More Information
06:16 EDTAAPLSamsung allowed to halt Smartflash infringement proceedings, Reuters reports
The U.S. Court of Appeals for the Federal Circuit has ruled that Samsung (SSNLF) can halt patent infringement proceedings brought by Smartflash while the patents are examined by the USPTO, Reuters reports. The court also declined to stay the Smartflash case against Apple (AAPL), the report says. Reference Link
July 30, 2015
18:56 EDTMSFT, FBFacebook plans drone test later this year, AP says
Subscribe for More Information
18:13 EDTFBOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
17:28 EDTAAPLApple to announce next-generation Apple TV in September, BuzzFeed says
Subscribe for More Information
16:27 EDTMSFTBlucora subsidiary Infospace signs distribution agreement with Bing
Infospace, a subsidiary of Blucora, (BCOR), announced it has signed a deal to distribute Bing (MSFT) search results and advertising content through the Infospace network of Web search properties and partner websites on desktop and mobile. The three-year search and advertising agreement forms a partnership through July 31, 2018.
16:14 EDTAAPLApple initiated with a Buy at Nomura
Subscribe for More Information
16:00 EDTFB, AAPL, BACOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
12:55 EDTFBOn The Fly: Top stock stories at midday
Subscribe for More Information
12:23 EDTMSFTGoogle loses patent royalty battle with Microsoft, Bloomberg reports
Subscribe for More Information
11:37 EDTFBFacebook price targets hiked while shares slide after earnings
Subscribe for More Information
11:26 EDTMSFTAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the parties’ consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuit’s recent approach to establishing damages in the RAND context. The court’s factual findings were properly admitted at the jury trial. The jury’s verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
10:09 EDTFBOptions with decreasing implied volatility
Subscribe for More Information
09:36 EDTMSFT, AAPLActive equity options trading on open
Subscribe for More Information
09:36 EDTMSFT, AAPLActive equity options trading on open
Subscribe for More Information
09:25 EDTFBOn The Fly: Pre-market Movers
Subscribe for More Information
08:45 EDTBACMerill Lynch brokers threaten to leave 'in mass,' Fox Business reports
Subscribe for More Information
08:16 EDTFBFacebook Q2 results over-delivered, says Brean Capital
Brean Capital said Facebook reported Q2 results that were ahead of expectations despite headwinds from foreign exchange. Brean Capital reiterated its Buy rating and raised its price target to $111 from $108 on Facebook shares, citing its strong execution, careful monetization and its leading long-term position in the digital advertising industry.
08:03 EDTFBFacebook price target raised to $110 from $100 at Oppenheimer
Subscribe for More Information
07:54 EDTFBFacebook price target raised to $115 from $105 at BofA/Merrill
Subscribe for More Information
07:46 EDTFBFacebook price target raised to $108 from $95 at Stifel
Subscribe for More Information
07:45 EDTFBFacebook results impressive despite high expectations, says Baird
Subscribe for More Information
07:41 EDTFBFacebook price target raised to $115 following strong Q2 at Raymond James
Raymond James raised Facebook's price target to $115 from $110 following the strong Q2 report. The firm said engagement trends remain solid and is encouraged by the continued strength in the core platform and monetization of new platforms. Raymond James rates shares an Outperform .
07:33 EDTFBFacebook fundamentals still 'very strong,' says RBC Capital
Subscribe for More Information
07:14 EDTFBFacebook price target raised to $115 from $100 at Deutsche Bank
Subscribe for More Information
06:55 EDTBACBanks pitch total-return swaps as stock purchase alternative, WSJ reports
Banks have been pitching certain hedge fund clients on using derivatives instead of actual stocks when placing certain bets in an effort to lessen the impact of new capital rules on the banks' businesses, the Wall Street Journal reports, citing people familiar with the efforts. The shift involves derivatives known as total-return swaps that mirror the effects of owning a stock or other asset, the report says. Units of Bank of America (BAC), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and UBS (UBS) are among the banks asking clients to shift trades into total-return swaps instead of underlying securities, the report says. Reference Link
06:48 EDTAAPLGlobal tablet market fell 7% y/y in Q2, DigiTimes reports
Subscribe for More Information
06:04 EDTAAPLApple implied volatility of 20 at lower end of index mean range
Subscribe for More Information
05:35 EDTFBFacebook price target raised to $110 from $96 at Baird
Subscribe for More Information
05:32 EDTFBFacebook price target raised to $146 from $120 at Piper Jaffray
Subscribe for More Information
July 29, 2015
19:32 EDTFBOn The Fly: After Hours Movers
Subscribe for More Information
19:06 EDTFBFacebook says over 450M people using events each month, over 850M using groups
Subscribe for More Information
16:08 EDTFBFacebook drops 4.6% to $92.60 following Q2 earnings report
Subscribe for More Information
16:03 EDTFBFacebook says mobile ad revenue made up 76% of total Q2 ad revenue
Subscribe for More Information
16:02 EDTFBFacebook reports Q2 daily active users up 17%
Subscribe for More Information
16:01 EDTFBFacebook reports Q2 EPS 50c, consensus 47c
Reports Q2 revenue $4.04B, consensus $3.99B.
16:00 EDTBAC, FBOptions Update; July 29, 2015
Subscribe for More Information
15:59 EDTFBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 47c... MetLife (MET), consensus $1.48... Williams (WMB), consensus 24c... Vertex (VRTX), consensus (58c)... O'Reilly Automotive (ORLY), consensus $2.26... NXP Semiconductors (NXPI), consensus $1.37... Marriott (MAR), consensus 81c... Fiserv (FISV), consensus 94c... Western Digital (WDC), consensus $1.45... SBA Communications (SBAC), consensus 9c... Whole Foods (WFM), consensus 45c... Lincoln National (LNC), consensus $1.53... Lam Research (LRCX), consensus $1.47... ServiceNow (NOW), consensus (2c)... Qorvo (QRVO), consensus $1.06... Hologic (HOLX), consensus 39c.
15:08 EDTFBNotable companies reporting after market close
Subscribe for More Information
14:49 EDTFBFacebook July weekly 96 straddle priced for 8.2% movement into Q2
Subscribe for More Information
12:37 EDTFBEarnings Watch: Analysts upbeat on Facebook revenue drivers ahead of Q2 report
Facebook (FB) is expected to report second quarter earnings after the market close on Wednesday, July 29 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users. EXPECTATIONS: Analysts are looking for earnings per share of 47c on revenue of $3.99B. The consensus range is 39c-54c for EPS, and $3.66B-$4.22B for revenue, according to First Call. LAST QUARTER: Facebook reported first quarter EPS of 42c against estimates of 40c, on revenue of $3.54B against estimates of $3.56B. Facebook reported Q1 daily active users were up 17% to 936M and mobile daily active users were up 31% to 798M. Monthly active users were 1.44B as of March 31, 2015. The company said Instagram has more than 200M daily users. During its Q1 earnings conference call, Facebook said it expects Foreign Exchange headwinds in Q2 will be greater than Q1. It said it expects total payments and other fees revenue to decline year-over-year for the remainder of the year. NEWS: In the past quarter, Facebook introduced video calling and Moneypenny features to its Messenger service. It also announced the Internet.org platform and its Instant Articles for publishers. Re/code said Facebook may be mulling a Twitter (TWTR) acquisition, but Facebook declined to comment. A New York Times article said Facebook is in talks to insert music videos in feeds. Facebook also said there was no truth to a rumor that said it may launch a music streaming service. STREET RESEARCH: Most analyst firms in the past quarter gave positive recommendations on Facebook, citing strong revenue drivers from multiple sources, SunTrust said Facebook could get a significant revenue boost from its Instagram move and expects the Buy button could lift revenue 5%-10%. Piper Jaffray said Facebook’s multiple is expected to increase as investors become more aware of VR, adding that the company is the best play on the “next computer paradigm of virtual reality.” JMP Securities say Facebook is expected to continue its growth in ad share as Instagram engagement and monthly average users continue to grow. Ahead of the Q2 earnings report, ITG Research said Q2 revenue is tracking slight above consensus and BTIG expects Facebook to exceed consensus estimates due to higher confidence in video advertising opportunity. Brean Capital said Facebook will face ForEx headwinds in Q2, but quarterly results are less relevant as investors will be focused on the long-term goals. PRICE ACTION: Facebook shares have gained about 13% since the first day of trading following the company's Q1 report. In Wednesday afternoon trading ahead of its Q2 report, Facebook shares are up 0.5%
11:48 EDTFBStocks with call strike movement; FB GILD
Facebook (FB) December 110 call option implied volatility decreased 3% to 32, Gilead (GILD) November 130 call option implied volatility decreased 9% to 29 according to IVolatility.
11:15 EDTFBFacebook July weekly 95 straddle priced for 8.7% movement into Q2
Subscribe for More Information
11:07 EDTFBFacebook technical comments ahead of results
On the daily chart there is a potential bullish flag that has developed in the last two weeks. If the news is strongly bullish, the flag pattern would become active on a move above $96.50. Upside potential for the pattern, if it triggers and completes, is to the $110 to $112 area. If the news is instead a negative surprise, first established support would be at the $90 area. On a breakdown below $90, next support would be at the 50-day moving average at $86.16. If the 50-day is broken, next support is at $84.74. The $83 to $80 zone has been strong support over the prior year in the event of a larger negative surprise.
09:35 EDTAAPL, FBActive equity options trading on open
Subscribe for More Information
06:40 EDTFBFacebook testing profile tags feature, Verge reports
Subscribe for More Information
06:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
06:07 EDTFBFacebook expected to present mobile revenue increase, Re/code says
Subscribe for More Information
05:26 EDTMSFTMicrosoft announces Windows 10 available for download
Microsoft announced that Windows 10 will become available Wednesday as a free upgrade or with new PCs and tablets. Windows 10 includes innovations such as Cortana, an Xbox app and Microsoft Edge for a familiar, yet more personal and productive, experience. The most secure Windows ever, Windows 10 is delivered as a service and kept automatically up-to-date with innovations and security updates. Windows 10 offers one experience that will become available on the broadest range of devices, including PCs, tablets, phones, Raspberry Pi, Xbox One, HoloLens and more — with more than 2,000 devices or configurations already in testing. The new Windows Store and Windows Software Development Kit also become available Wednesday, opening the door to new and innovative app experiences on Windows 10.
July 28, 2015
16:00 EDTBAC, FB, AAPLOptions Update; July 28, 2015
Subscribe for More Information
13:43 EDTAAPLEarnings Watch: Akamai reports as cloud services, content streaming accelerate
Subscribe for More Information
11:42 EDTFBStocks with call strike movement; FB GILD
Subscribe for More Information
10:47 EDTFBUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:42 EDTAAPL, FBActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
09:38 EDTMSFTSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
08:16 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook July weekly call option implied volatility is at 109, August is at 52, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:21 EDTFBTwitter, Facebook profitability gap 'vast,' Re/code reports
Twitter's (TWTR) recent stock stumble has created the appearance of a potential bargain compared with Facebook (FB), though in reality the difference in growth and profitability between the two companies is enormous, the Wall Street Journal reports. Analysts forecast Twitter posting negative $200M in EBITDA this year, with Facebook expected to post positive $8B, the report says. Reference Link
July 27, 2015
19:54 EDTAAPLApple Music reaches 10M subscribers in four weeks, HITS says
Subscribe for More Information
16:00 EDTAAPL, FBOptions Update; July 27, 2015
Subscribe for More Information
13:16 EDTAAPLADT rises after Citi downplays 'smart home' concerns
Shares of ADT (ADT) are heading higher in afternoon trading following an upgrade from Citi, within which the research firm said traditional home security firms have plenty of traction as self-installed, self-monitored security solutions from the likes of Apple (AAPL) and Google's (GOOG) Nest are slow to be adopted by homeowners. WHAT'S NEW: Citi's Jason Bazinet issued a research note on the home security sector, upgrading ADT to Buy from Neutral while slightly lowering his price target to $39 from $40. Bazinet notes that the sector is expanding into "smart home" technology powered by companies like Apple and Google's Nest. Despite this, the analyst contends that consumer data shows continued preference for the traditional approach in the form of professionally installed and professionally monitored services from ADT, Monitronics, Vivint, AT&T (T) and Comcast (CMCSA, CMCSK). WHAT'S NOTABLE: Though tech firms and venture capitalists seem drawn towards the concept of self-installed, self-monitored "smart homes," consumers appear to be sticking with the professionals, says Citi. Security systems using Apple HomeKit and Google's Nest products are seeing "limited" adoption, and firms like ADT -- equipped with call centers and installation specialists -- appear ready to "hold their own," with recent weakness in ADT shares called an "opportunity" by Bazinet. The analyst conceded that professional security providers will see their market share drop to 15% from a current 20%, but Bazinet set a 2035 date for that shift, leaving plenty of near-term opportunity for traditional players. PRICE ACTION: After a 25% drop since mid-April, shares of ADT are up about 1.4% to trade near $32 this afternoon.
11:57 EDTFBStocks with call strike movement; FB GILD
Subscribe for More Information
10:07 EDTAAPLApple falls, levels to watch
Subscribe for More Information
09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
09:14 EDTFBFacebook price target raised to $110 from $94 at Cowen
Cowen analyst John Blackledge raised his price target for Facebook (FB) to $110 ahead of the social media giant's Q2 results on July 29. Investor sentiment has grown more positive recently given Facebook's "explosive" video growth and the opening of the Instagram platform to advertisers, Blackledge tells investors in a research note previewing the Q2 results this week for Internet names. He keeps an Outperform rating on the stock. Blackledge also keeps Outperform ratings on LinkedIn (LNKD) and IAC (IACI) as well as a Market Perform rating on Twitter (TWTR). Those three companies are also reporting Q2 results this week.
09:11 EDTFBFacebook price target raised to $125 from $100 at SunTrust
Subscribe for More Information
08:33 EDTBACBank of America increases environmental initiative from $50B to $125B
Bank of America said it has pledged to increase the company’s current environmental business initiative from $50B to $125B in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.
08:30 EDTAAPLNew Apple ipad mini rumored to be 'miniature iPad Air 2,' AppleInsider says
Subscribe for More Information
08:23 EDTFBFacebook July weekly volatility elevated into Q2 and outlook
Facebook August weekly call option implied volatility is at 87, August is at 50, September is at 41; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
08:20 EDTFBFacebook expectations high into results, says BofA/Merrill
Subscribe for More Information
07:49 EDTAAPLApple said to talk with BMW about electric car project, MacRumors reports
Subscribe for More Information
06:36 EDTAAPLNike to pay $2.4M to FuelBand customers, AppleInsider reports
Under terms agreed upon in June, Nike (NKE) will pay $2.4M to customers who purchased a FuelBand product anytime between January 19, 2012 and June 17, 2015 to settle a class action suit leveled against itself and Apple (AAPL) in 2013, AppleInsider reports. Apple was named as a defendant in the suit, but holds no responsibility or liability for attorneys' fees or costs, the report says. The plaintiffs alleged that the Fuelband was unable to accurately track calorie burn, steps, and overall activity, the report says. Reference Link
06:30 EDTAAPLSky prepares to unveil set-top box, Telegraph reports
Sky is finishing up an advanced set-top box called SkyQ, a device it hopes can help its pay-TV business compete against BT (BT), the Telegraph reports. The new hardware is set to be unveiled in the next few weeks and will offer satellite households an "Apple (AAPL) and Netflix (NFLX) style" experience, the report says, citing industry insiders. Reference Link
06:23 EDTFBInstagram's mobile ad revenues to reach $2.81B in 2017, eMarketer says
Subscribe for More Information
06:05 EDTAAPLBest Buy to begin selling Apple Watch in August, WSJ reports
Subscribe for More Information
05:53 EDTFBBrean calls LinkedIn valuation 'problematic' ahead of Q2 results
Subscribe for More Information
July 26, 2015
17:16 EDTMSFTChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link
13:36 EDTMSFTMicrosoft could rise 50% in three years, Barron's says
Subscribe for More Information
July 24, 2015
16:30 EDTMSFT, AAPLStocks end week lower as Apple headlines busy week of earnings
Subscribe for More Information
15:06 EDTFB, AAPLEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
14:04 EDTFBOn The Fly: Weekly technical notes on 'FANG' and divergences
Subscribe for More Information
14:01 EDTBACBank of America's Lynch to step down as general counsel, Bloomberg reports
Subscribe for More Information
13:52 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Subscribe for More Information
11:51 EDTAAPLPandora soars after results, guidance top estimates
Shares of internet radio provider Pandora (P) are rising after the company’s second quarter results beat analysts' expectations. The company's third quarter and fiscal year 2015 revenue outlooks also exceeded the consensus. WHAT'S NEW: Thursday after the bell, Pandora reported Q2 adjusted earnings per share of 5c and revenue of $285.56M, easily topping analysts’ consensus estimates of 2c and $283.06M, respectively. Adjusted EBITDA for the quarter was $16.3M, a 29% year-over-year improvement. The company also said that total RPMs increased 24% to $53.91 in Q2, ad RPMs grew 25% to $49.94, ad revenue was $230.9M and said total mobile revenue was $229.7M. For the quarter, total listener hours increased 5% to 5.3B and active listeners were 79.4M at the end of Q2 compared to 76.4M from the same period last year. Looking ahead to Q3, the company forecast revenue of $310M-$315M, slightly ahead of analysts' consensus estimates of $309.2M, and sees Q3 adjusted EBITDA of $25M-$30M. For FY15, Pandora forecast revenue of $1.175B-$1.185B, slightly better than analysts' consensus of $1.17B. Pandora also sees FY15 adjusted EBITDA of $75M-$85M and a tax rate of 30%-35%. WHAT’S NOTABLE: Brian McAndrews, the company's Chief Executive Officer, commented on Apple Music, Apple's (AAPL) recently launched music streaming service. McAndrews said that since the app launched at the end of June, "there was no impact yet" to Pandora. Going forward, McAndrews said that the company "feels really good about our trajectory and competitive position," noting that "there could be some users that experiment with [Apple Music] and there could be some short-term impact." McAndrews does not see any long-term impact from the Apple app. ANALYST REACTION: This morning, analyst commentary has been mixed. Research firm Stifel said Pandora's outlook remains favorable. Stifel said that the company plans to intensify its marketing efforts during the seasonally stronger 2H15 and that the company's outlook for 2H15 has improved following the results. The firm kept a $25 price target and Buy rating on the shares. Another firm, JMP Securities, said Pandora’s mobile trends were encouraging, but said it will stay on sidelines until the company's user trends accelerate and its royalty case concludes. JMP Securities kept a Market Perform rating on the shares. PRICE ACTION: In late morning trading, Pandora rose $2.05, or about 14.8%, to $15.93 on nearly twice its average daily trading volume. Despite today’s advance, the shares have fallen approximately 45% over the past year.
10:15 EDTFBFacebook wins litigation against investors over IPO, Reuters reports
Subscribe for More Information
09:36 EDTBAC, AAPL, FBActive equity options trading on open
Subscribe for More Information
06:57 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Subscribe for More Information
06:13 EDTAAPLApple removes Nest smart thermostat from online, retail stores, Mashable says
Subscribe for More Information
July 23, 2015
19:24 EDTAAPLWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
13:53 EDTFB, AAPL“Fab Five” option implied volatility
Subscribe for More Information
10:54 EDTAAPLStreet Check: Summit said buy SanDisk before earnings rallied shares
Subscribe for More Information
09:45 EDTAAPLJPMorgan sees risk of Synaptics losing Apple business
Apple (AAPL) is working on bringing its touch and display driver integration functionality in-house to better protect its operating system, JPMorgan analyst Paul Coster tells investors today in a research note. The move increases the likelihood of the iPhone maker terminating its use of Synaptics' display diver solution in mid-2017, Coster writes. To reflect the risk of losing the business, the analyst cut his price target for Synaptics to $97 from $112. The supplier of human interface solutions is trading up 49c to $80.34 in early trading. Coster keeps an Overweight rating on Synaptics, however, saying the stock is already pricing in the risk of losing the Apple business after selling off 20% since mid June.
09:38 EDTFB, AAPL, MSFTActive equity options trading on open
Subscribe for More Information
07:15 EDTBACBank of America could underperform after executive changes, says Wells Fargo
Subscribe for More Information
06:38 EDTFBFacebook July weekly volatility increasing into Q2 and outlook
Facebook 7/31/15 weekly call option implied volatility is at 60, August is at 40, September is at 34; compared to its 52-week range of 19 to 48, suggesting large near term price movement into the expected release of Q2 results on July 29.
06:25 EDTAAPLApple says no changes to product plans despite CapEx cut, WSJ reports
Subscribe for More Information
06:25 EDTAAPLApple Watch, Android Wear Wi-Fi adoption to motivate others, DigiTimes says
Subscribe for More Information
06:24 EDTAAPLApple cuts FY15 CapEx forecast by $1B to $12B
Subscribe for More Information
06:21 EDTAAPLApple Mac shipments expected in 2H!5 to surpass 1H volume, DigiTimes reports
Subscribe for More Information
July 22, 2015
23:09 EDTFBFormer MTV executive joins YouTube as VP of originals, Variety says
Subscribe for More Information
18:59 EDTBACBank of America announces CFO Bruce Thompson to step down
Bank of America announced that CFO Bruce Thompson has decided to step down after more than five years as Chief Risk Officer and Chief Financial Officer. Paul Donofrio, who has been with Bank of America since 1999 and has 25 years of global corporate and investment banking experience, will become CFO, effective August 1. Additionally, Global Human Resources executive Andrea Smith will assume a newly created position as Chief Administrative Officer. Replacing Smith as Global Human Resources executive is Sheri Bronstein.
18:37 EDTBACBank of America CFO Bruce Thompson to step down, WSJ reports
Bank of America CFO Bruce Thompson is leaving the bank, according to an internal memo, and will be replaced with Paul Donofrio, the Wall Street Journal reports. Reference Link
16:27 EDTAAPL, MSFTOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory and remained there throughout the day. Uninspiring earnings reports from Apple (AAPL) and Microsoft (MSFT) were enough to push the Nasdaq lower and the rest of the market followed. There was good news on the housing sector, with both existing home sales and a housing market index coming in with good data, but it was not enough to overcome the tech selloff. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: Shares of Apple dropped $5.79, or 4.43%, to $124.96 after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. A number of suppliers to Apple declined in tandem with the tech giant. Skyworks Solutions (SWKS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report... Microsoft declined $1.88, or 3.97%, to $45.40 after reporting its Q4 Devices and Consumer revenue declined 13% and its Windows OEM revenue decreased 22% as revenue was impacted by PC market declines following the XP end-of-support refresh cycle. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose $5.84, or 10.14% to $63.42 after St. Jude Medical (STJ) announced an agreement to acquire the company for $63.50 per share in a transaction valued at $3.4B. Shares of St. Jude, meanwhile, edged down by 4c to $76.67. Also higher following earnings reports were shares of Intuitive Surgical (ISRG) and Chipotle Mexican Grill (CMG), advancing about 8.5% and 7.8%, respectively. Among the noteworthy losers was Caesars Entertainment (CZR), which dropped $3.26, or 40.65%, to $4.76 following reports that a judge ruled the company must face certain creditor lawsuits that could force a bankruptcy. Caesars Acquisition (CACQ) also dipped after the news, falling $1.13, or 14.52%, to $6.65. Also lower was XOMA (XOMA), which plummeted $3.46, or 78.61%, to 94c and saw downgrades at numerous research firms after the company's Phase 3 gevokizumab study did not meet its primary endpoint. INDEXES: The Dow fell 65.60, or 0.37%, to 17,853.69, the Nasdaq lost 36.35, or 0.7%, to 5,171.77, and the S&P 500 declined 5.06, or 0.24%, to 2,114.15.
15:02 EDTAAPL, MSFT, FBOptions Update; July 22, 2015
Subscribe for More Information
13:06 EDTMSFTCompetitors ask EU to probe Google ad technology market practices, FT says
Several of Google's (GOOG) rivals, including OpenX and AppNexus, which is part owned by WPP (WPPGY) and Microsoft (MSFT), have suggested that the European Union investigate the internet giant, claiming it may be unlawfully stifling competition in the market for advertising technology, the Financial Times reports. The companies' grievances relate to the way in which Google bundles its advertising technology products through contracts that may discourage or even prevent customers from using competitors' services, the report says. The companies in question have submitted documents to the EU expressing concern over the issue but have not submitted an official complaint, the report adds. Reference Link
12:32 EDTMSFT, AAPLOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
10:01 EDTAAPLOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:46 EDTFBFacebook Q2 revenues tracking slight above consensus, says ITG Research
ITG Research's data analysis indicates Facebook's Q2 North American revenue is tracking to $1.9B, up from a previous estimate of $1.86B, versus consensus of $1.84B due to increased spending per advertiser. Firm estimates total Q2 revenues are tracking to $4.05B versus consensus of $3.98B.
09:38 EDTFB, AAPL, MSFTActive equity options trading on open:
Subscribe for More Information
09:32 EDTAAPLApple results disappointing, says Wells Fargo
Wells Fargo says that Apple's lower than expected Q3 iPhone sales suggest that it may be keeping inventories low because of low demand. The firm thinks the company faces a number of challenges in its September quarter, including product transitions, tough comps, China volatility and less differentiation in the 6S iPhone. Wells keeps a Market Perform rating.
09:19 EDTMSFTBofA/Merrill says Microsoft battling license declines with Cloud and Hardware
Subscribe for More Information
09:07 EDTAAPL, MSFTOn The Fly: Pre-market Movers
Subscribe for More Information
08:58 EDTAAPLApple shares should be bought on weakness, says JMP Securities
After Apple reported higher than expected Q3 EPS but in-line revenue and the stock fell, JMP Securities says that the stock declined due to worries that the company's momentum is diminishing ahead of tougher comps. However, the firm finds the stock's valuation attractive, given the fact that other tech bellwethers are missing expectations. The firm is upbeat on the company's performance in China and believes that iPhone penetration can increase significantly.
08:33 EDTAAPLApple iPhone miss de-risks 2H 2015, says Morgan Stanley
Morgan Stanley said the 2.5M iPhone unit miss is a function of management's conservative approach to channel inventory given currency volatility and related price actions. Firm said demand remains strong despite price increases and sees a decent set-up for 2H channel inventory build that can lead to unit growth year-over-year. Morgan Stanley believes shares are attractive following reset expectations and reiterates its Overweight rating and lowered its price target to $155 from $166 on share.
08:22 EDTAAPLApple weakness a buying opportunity, says Baird
Subscribe for More Information
07:55 EDTMSFTMicrosoft shares should be bought on weakness, says RBC Capital
Subscribe for More Information
07:45 EDTMSFTMicrosoft shares still have downside, says Citi
Subscribe for More Information
07:44 EDTAAPLApple weakness creates buying opportunity, says RBC Capital
Subscribe for More Information
07:27 EDTAAPLApple post-earnings selloff overdone, says JPMorgan
JPMorgan analyst Rod Hall views the post-earnings pullback in shares of Apple as overdone. The company made no mention of demand weakness while China results and commentary were positive, Hall tells investors in a research note. He recommends adding to positions on today's selloff and keeps an Overweight rating on Apple with a $145 price target.
07:20 EDTAAPLApple should be bought on weakness, says Stifel
Subscribe for More Information
07:12 EDTMSFTMicrosoft hurdles remain but still an attractive story, says UBS
Subscribe for More Information
07:07 EDTAAPLApple iPhone sales light but no reason to sell stock, says UBS
Subscribe for More Information
07:05 EDTAAPLApple shares still attractive, says Cantor
Subscribe for More Information
06:38 EDTAAPLApple downgraded to Market Perform from Outperform at Cowen
Cowen analyst Timothy Arcuri downgraded Apple to Market Perform and lowered his price target for shares to $130 from $140 following the iPhone maker's June quarter results. In a research note titled "Every Rose Has Its Thorn," Arcuri says "tepid" iPhone sales in the quarter coupled with his supply-side channel checks indicate that phone builds are down cycle-over-cycle for the first time. June quarter iPhone units were weaker than expected even after adjusting for channel inventory, the analyst tells investors. Apple is entering a transition period and the stock's risk/reward no longer supports a buy rating, Arcuri writes. Shares of Apple are down $7.09 to $123.66 in pre-market trading. On the flip side, Piper Jaffray analyst Gene Munster recommends buying the iPhone maker on today's selloff.
05:55 EDTMSFTQualcomm to cooperate with Microsoft, Allwinner in mobile market, DigiTimes says
Qualcomm (QCOM) is expected to ramp up its penetration in the entry-level mobile device market by cooperating with Microsoft (MSFT) to launch low-cost Windows Mobile 10 products, reports DigiTimes Research. Qualcomm is also expected to cooperate with Allwinner Technology to launch 3G/4G solutions for connected tablets. Reference Link
05:55 EDTAAPLApple Watch component reserves to remain high until September, DigiTimes reports
Subscribe for More Information
05:50 EDTMSFTMicrosoft price target lowered to $37 from $39 at Jefferies
Subscribe for More Information
05:38 EDTAAPLPiper's Munster a buyer of Apple today on the selloff
Subscribe for More Information
05:17 EDTAAPLApple shares drop after iPhone sales, guidance fail to impress
Subscribe for More Information
July 21, 2015
19:00 EDTMSFT, AAPLOn The Fly: After Hours Movers
Subscribe for More Information
18:14 EDTAAPLApple supplier stocks sink after iPhone, iPad unit volumes lower sequentially
Shares of iPhone suppliers, including Skyworks (SWKS), Cirrus Logic (CRUS), NXP Semiconductors (NXPI), and QUALCOMM (QCOM), are trading lower after Apple (AAPL) reported third quarter earnings after the close. WHAT'S NOTABLE: Apple reported iPhone unit volume of 47.5M in Q3 versus 61.1M in the prior quarter. Apple's iPad unit volume was 10.9M for Q3, lower than the 12.6M unit volume reported in the prior quarter. PRICE ACTION: Apple is sinking almost 7% in after-hours trading, while its suppliers are also lower, with Skyworks down more than 5%, Cirrus Logic down just under 5%, NXP Semiconductors slumping almost 5%, and QUALCOMM sliding 1.2%.
18:14 EDTMSFTMicrosoft CEO: Office 365 now in 4 out of 5 Fortune 500 enterprises
Subscribe for More Information
17:58 EDTAAPLApple says remains 'extremely bullish' on China
Subscribe for More Information
17:50 EDTAAPLApple says India iPhone sales up 93%, Korea up 100%
Subscribe for More Information
17:25 EDTAAPLApple says 'seeing great momentum' in enterprise market
Says happy with progress with IBM (IBM) partnership. Says Apps store revenue more than doubled in China. Says Watch sales offset iPod sales decline. Says will not release Watch sales results. Comments from Q3 earnings conference call.
17:14 EDTAAPLApple CEO Cook says iPhone continues to gain 'significant share'
Subscribe for More Information
16:50 EDTMSFTMicrosoft says strengthening U.S. dollar had 'significant impact' on Q4 results
Subscribe for More Information
16:49 EDTMSFTMicrosoft returned $6.7B to shareholders in Q4
During the quarter, Microsoft returned $6.7B to shareholders in the form of share repurchases and dividends.
16:41 EDTAAPLApple calls Watch launch successful, does not give sales figures
Subscribe for More Information
16:33 EDTAAPLApple shares drop 8% to $120.56 following Q3 report
Subscribe for More Information
16:33 EDTAAPLApple reports Q3 iPhone units 47.53M vs. 61.17M last quarter
Subscribe for More Information
16:31 EDTAAPLApple reports Q3 gross margin 39.7% vs. 39.4% last year
International sales accounted for 64% of the quarter’s revenue.
16:30 EDTAAPLApple sees Q4 revenue $49B-$51B, consensus $51.05B
Sees Q4 gross margin 38.5%-39.5%.
16:30 EDTAAPLApple reports Q3 EPS $1.85, consensus $1.81
Reports Q3 revenue $49.6B, consensus $49.31B.
16:17 EDTMSFTMicrosoft down about 3% following Q4 results
16:12 EDTMSFTMicrosoft says has 75,000 partners transacting in company's cloud
Subscribe for More Information
16:08 EDTMSFTMicrosoft reports Q4 Commercial revenue grew 4% to $13.5B
Subscribe for More Information
16:07 EDTMSFTMicrosoft reports Q4 Devices and Consumer revenue declined13% to $8.7B
Subscribe for More Information
16:05 EDTMSFTMicrosoft reports Q4 adjusted EPS 62c, consensus 56c
Reports Q4 revenue $22.2B, consensus $22.06B.
16:01 EDTMSFT, FB, BAC, AAPLOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
15:56 EDTAAPLApple July weekly 131 straddle priced for 5.2% movement into Q3
15:11 EDTMSFTEarnings Watch: Microsoft up 5% since announcing Nokia writedown
Subscribe for More Information
15:06 EDTMSFTMicrosoft July weekly 47 straddle priced for 5% movement into Q4
Subscribe for More Information
15:02 EDTAAPL, MSFTNotable companies reporting after market close
Subscribe for More Information
14:14 EDTAAPLEarnings Watch: Apple flat since last report with iPhone, Watch results in focus
Subscribe for More Information
13:43 EDTAAPLApple services restored after nearly 4-hour outage, CNBC reports
Subscribe for More Information
13:21 EDTAAPLApple July weekly 131 straddle priced for 4.7% movement into Q3
11:39 EDTAAPLApple experiencing issues with App Store, iTunes Store, CNBC reports
Subscribe for More Information
11:11 EDTMSFTMicrosoft technical notes before earnings, levels to watch
On a long-term basis the stock has a potential double top pattern that would be confirmed on a breakdown below $40. In a shorter time frame the stock is range-bound between $45 at the low and $50 at the high. If the news is bearish, a breakdown below $45 would put the shares on a path for a test at that $40 support. A breakdown below $40 would see next support at $39.27 and then at $38.56. The downside target from the double top would be to the $30 area over time. If the news is a bullish surprise, a breakout above $50 would see next resistance at $53.13 and then at $55. Both are levels not seen since the year 2000.
10:05 EDTAAPLApple technical notes ahead of results
The stock has been trading in a range since February of this year that is bound by a low at $120 and a high at $133. There have been three touches at the range high since then and two tests at the low suggesting the bias is for a breakout. If the news is strongly bullish, notably around China sales and guidance, a breakout above $133 and the brief life high at $134.54 would be highly probable. Based on the height of the range the upside potential would be to $147 to $150. Without overhead resistance, price could continue to drift beyond that objective depending on the strength of the news. If the news is a bearish surprise, which very few expect, the low of the range would likely be tested for a third time. A breakdown below $120 would have the same range expectations as on the upside, with a downside target potential to $107 to $105 implied from the range height. Such a move would break the 10-month moving average at $122.16 which has been a good proxy for the uptrend that began off lows in August 2013. The last time this average was broken was during the downturn in price in late 2012 which then ended in August 2013.
09:56 EDTMSFTSalesforce rallies amid renewed speculation of Microsoft deal
Subscribe for More Information
09:35 EDTBAC, AAPL, FBActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
08:05 EDTFBFacebook added to US 1 List at BofA/Merrill
Subscribe for More Information
07:45 EDTAAPL, FBSell PayPal amid mounting payments competition, Piper says
Shares of PayPal (PYPL) advanced over 5% yesterday in the stock's first day of trading following a split from eBay (EBAY), with the majority of research firms issuing optimistic notes on its prospects. This morning, however, analyst Gene Munster of Piper Jaffray recommends selling the share as competition grows in the digital payments space. BEARS: Munster started shares of PayPal with an Underweight rating, the firm's equivalent of a "Sell," saying increased competition could pressure the stock's multiple over the next 6-24 months. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in his research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal. Of note, Evercore ISI also started coverage of PayPal shares yesterday with a Sell rating. BULLS: Wells Fargo initiated coverage of PayPal yesterday with an Outperform rating, saying the company's unique assets will enable it to maintain its leadership role in digital payments and benefit from the growth of e-commerce. Also upbeat was Robert W. Baird analyst Colin Sebastian, who contends that PayPal has the top pure play online payment system and is continuing to grow its share of the Internet payment market. PayPal should be able to innovate more effectively after its spin-off, added the analyst, who set a $45 price target on the shares. PRICE ACTION: Shares of PayPal are pointing toward further gains in their second day of standalone trading, with the stock up about 2.7% to $41.55 in pre-market trading.
07:38 EDTAAPLApple July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
07:04 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
Subscribe for More Information
07:00 EDTAAPLApple granted patent for 'fine tuning' input taps, AppleInsider reports
A patent granted to Apple by the USPTO involves a method of highly granular user interface manipulations by tapping on the side of an iPhone to "nudge" onscreen items with great precision, reported AppleInsider. Reference Link
06:58 EDTFBFacebook added to US 1 List at BofA/Merrill
Subscribe for More Information
06:46 EDTAAPLApple July weekly 132 straddle priced for 4.7% movement into Q3
Subscribe for More Information
06:23 EDTAAPLApple's iPhone 6s will cut 16GB version, M.I.C. Gadget reports
Apple's (AAPL) new iPhone 6s and 6s Plus will not come with a 16GB edition yet will have a 32GB edition with more capacity, M.I.C. Gadget reports, citing "some Foxconn (FXCNY) insiders." Reference Link
06:19 EDTAAPL, FBSilicon Valley giants side with Samsung in battle with Apple, InsideSources says
Subscribe for More Information
05:34 EDTAAPL, FBPayPal initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Gene Munster started shares of PayPal (PYPL) with an Underweight rating saying increased competition could pressure the stock's multiple over the next 6-24 months. Underweight is Piper's equivalent of a sell rating. Google's (GOOG) Android Pay and Apple's (AAPL) Apple Pay will give consumers a "real alternative to PayPal" for the first time, Munster tells investors in a research note. In addition, interest in payments from Amazon.com (AMZN) and Facebook (FB) bring potential for more digital wallet offerings, the analyst notes. Munster set a $30 price target for PayPal, which began trading yesterday following a spinoff from parent company eBay (EBAY). Shares of the online payment system closed Monday up $2.08 to $40.47.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use