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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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April 17, 2015
16:11 EDTAAPLOptions Update; April 17, 2015
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13:39 EDTMSFTElectronic Arts says Star Wars Battlefront begins shipping November 17
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12:39 EDTMSFTMicrosoft weekly volatility elevated into Q3 and outlook
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11:20 EDTMSFTGoogle deal possible after Yahoo amends search pact with Microsoft, analyst says
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10:34 EDTAAPLApple seeks to launch Apple Pay in Canada in November, WSJ reports
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10:25 EDTAAPLApple seeks to launch Apple Pay in Canada in November, DJ reports
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10:19 EDTMSFTAnalyst says AMD driving close to cliff after Q1 miss
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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09:36 EDTAAPLActive equity options trading on open
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07:31 EDTBACU.K. postpones debt buyback due to Bloomberg terminal crash, WSJ reports
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07:15 EDTMSFTYahoo search deal with Google could add $10/share, says Jefferies
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06:38 EDTAAPLApple initiated with an Outperform at FBR Capital
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06:33 EDTAAPL, MSFTChina suspends new bank technology policy, NY Times reports
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06:33 EDTBACSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 16, 2015
16:02 EDTBAC, AAPLOptions Update; April 16, 2015
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15:39 EDTFBFacebook volatility elevated into Q1 and outlook
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13:53 EDTAAPLApple cooperation with antitrust monitor declines, Reuters says
A court appointed monitor notified a judge that Apple's cooperation with him has "sharply declined," says Reuters. The monitor, who was assigned to Apple after the company was found liable for conspiring to raise e-book prices, said that Apple objected to providing information and "inappropriately" attempted to limit his activities, added Reuters. Reference Link
13:36 EDTAAPLApple watches won't be available in-store in May, Telegraph reports
Apple Watches will not be available to buy in-store in May, according to a memo from Apple retail chief Angela Ahrendts, The Telegraph reports. Instead, customers will be asked to order online to "get customers the model they want earlier and faster," according to the memo. Reference Link
12:26 EDTAAPLYahoo announces four apps for Apple Watch
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12:25 EDTBACBank of America settles FX-rigging lawsuit, Reuters reports
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12:00 EDTAAPLApple partners with Conservation Fund to preserve 36K acres, Buzzfeed says
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11:54 EDTMSFTYahoo gets more flexibility with new Microsoft agreement, says Cantor
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11:46 EDTFBStocks with call strike movement; FB BABA
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10:00 EDTAAPLOn The Fly: Analyst Initiation Summary
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:07 EDTAAPLMaxim starts Apple at Hold on non-China iPhone slowdown
Maxim analyst Nehal Chokshi initiated shares of Apple with a Hold rating and $144 price target. After surveying over 800 international consumers, Chokshi thinks iPhone demand in non-Greater China markets will likely be down 16% year-over-year in 2015. The analyst points out, however, that the survey suggests iPhone demand should continue at a 100% rate for 2015 relative to 2014, a data point he calls "significantly positive." Chokshi views Apple as a "very attractive long-term investment," but thinks mature market smartphone lifecycles will trump the strong share gains in China this year.
09:01 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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09:00 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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08:43 EDTAAPLSunPower's China joint venture with Apple to provide solar power in China
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08:37 EDTBACBank of America outlook remains positive, says RBC Capital
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07:55 EDTBACBank of America Q1 results 'simply dreadful,' says Oppenheimer
Oppenheimer believes that Bank of America $1B in "retirement-eligible incentive costs" and $0.5B of "market-related adjustments" to net interest income are not one-time items. The firm says that the bank's revenue fell significantly, while its core operating expenses have not followed suit. However, the firm still finds the stock's valuation attractive and recommends buying the shares.
07:44 EDTAAPLApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
06:43 EDTAAPLAnalyst: Apple Watch pre-orders exceed 2.3M, MacRumors reports
KGI Securities analyst Ming-Chi Kuo estimates that Apple's debut smartwatch, Apple Watch, has sold over 2.3M units since pre-orders opened, MacRumors reports. The analyst notes that Apple is targeting production of 2M-3M Apple Watch units per month, and that apple could reach 2.5M units produced in June without potential bottlenecks to production. Reference Link
06:25 EDTAAPLPoll: Six percent of Americans intend to buy Apple Watch, Reuters says
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06:11 EDTAAPLApple initiated with a Hold at Maxim
Target $144.
06:08 EDTMSFTMicrosoft counceled EC in Google antitrust probe, NY Post says
Microsoft (MSFT) "complained a lot" and "definitely counseled" the European Commission in its antitrust investigation of Google (GOOG), reports the New York Post, citing a source with direct knowledge of the situation. Reference Link
05:58 EDTFBIndian media groups back out of Facebook's Internet.org, Financial Times reports
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05:50 EDTAAPLApple to equip next iPhone next iPhone with Force touch tech, DigiTimes says
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April 15, 2015
16:01 EDTAAPL, BACOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
15:05 EDTAAPLEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:13 EDTBACBank of America reports March default rate 2.94% vs. 2.98% last month
Reports March delinquency rate 1.80% vs. 1.86% last month.
10:06 EDTAAPLSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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09:35 EDTAAPL, BACActive equity options trading on open
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08:56 EDTAAPLVIX methodology for Apple elevated at 35.58
VIX methodology for Apple (VXAPL) at 35.58 compared to its 50-day moving average of 28.57.
08:25 EDTBACBofA expects to remain opportunistic to meet future funding needs
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08:22 EDTBACBank of America sees added costs of about $100M in 2015 due to CCAR resubmission
As previously reported, the Fed issued a conditional non-objection to Bank of America’s capital plan upon which the firm is required to resubmit its plan and address certain weaknesses identified in the capital planning process, with resubmission of the capital plan to occur by September 30. The bank said in slides for its Q1 earnings call that Terry Laughlin has been assigned to lead the CCAR resubmission as well as a longer-term comprehensive evaluation and enhancement of the overall process. BofA noted it has engaged independent third parties to review work streams addressing identified areas to strengthen and implement “best-in-class” processes and controls and that it expects additional associated costs to be approximately $100M in 2015.
08:01 EDTAAPLApple services profit contribution rising, says UBS
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07:08 EDTBACBank of America reports Book Value per Share up 4% to $21.66
Estimated common equity Tier 1 ratio under Basel 3, Standardized Approach, Fully Phased-in, was 10.3%; Advanced Approaches 10.1%. Reports estimated Supplementary Leverage Ratios above 2018 required minimums, with bank holding company at 6.3% and primary bank at 7.1%. Reports global excess liquidity sources of $478B, up $51Bf rom 1Q14 and reports time-to-required funding at 37 months. Reports tangible book value per share increased 7% from year ago to $14.79 per share and book value per share increased 4% from year ago to $21.66 per share.
07:05 EDTBACBank of America reports Q1 provision for credit losses $765M
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07:04 EDTBACBank of America CEO says seeing 'encouraging' signs in consumer, client activity
“Continuing the trend from last quarter, we saw core loan and deposit growth, higher mortgage originations, and increased wealth management client balances," said CEO Brian Moynihan. “We retained a top position in investment banking as our team generated the highest advisory fees since the Merrill Lynch merger. We see continued encouraging signs in customer and client activity, with consumer spending increasing and utilization of credit by our commercial customers rising. This should bode well for the near-term economic outlook. At a time of continued low interest rates, we had good expense control as we focus on responsible growth with a balanced platform to create long-term value for customers and shareholders.” "We continued to strengthen an already strong and liquid balance sheet this quarter," said CFO Bruce Thompson. "We improved our liquidity, accreted capital and tightly managed expenses in a challenging interest rate environment. Meanwhile, credit quality remained strong, reflecting both the economic environment and our risk underwriting."
07:02 EDTBACBank of America reports Q1 EPS with items 27c, consensus 29c
Reports Q1 revenue $21.2B, consensus $21.5B. Results Include $1.0B, or 6c per share, in annual retirement-eligible incentive costs and $0.5B, or 3c per share, in charges to revenue for market-related net interest income adjustments.
06:35 EDTAAPLSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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06:18 EDTAAPL, FBApple, Google, others doubling down on European operations, WSJ reports
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06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
06:14 EDTAAPLSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
06:11 EDTBACRegulators seek to end 'too big to fail' firms, WSJ reports
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05:55 EDTAAPLSmart wearaable device vendors avoid Apple Watch competition, DigiTimes says
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April 14, 2015
17:45 EDTAAPLApple acquires Israel-based camera-technology company LinX, WSJ says
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16:00 EDTAAPLOptions Update; April 14, 2015
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15:34 EDTBACNotable companies reporting before tomorrow's open
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15:34 EDTBACBank of America April 16 straddle priced for 3.4% movement into Q1
14:38 EDTBACEarnings Watch: Bank of America to report after mixed reviews from Fed
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14:36 EDTBACBank of America technical comments ahead of earnings
The stock is trading up to resistance at the 50-day moving average, last at $15.95. Since November 2013, the stock has been trading in a range bound largely by $15 at the low and $18 at the high. A break of either end of the range would help guide where shares might trade thereafter. Failing news that is sufficiently bullish or bearish, we could expect the stock to trade in the same range until another catalyst emerges. On better news, resistance above current levels would be at $16.62, $17.22, and then at $18. If the news is more bearish than expected, a breakdown below $15 might be probable. In that event next support levels below $15 as downside objectives would be at $14.37 which is the 52-week low and then at $13.49 and $12.80.
12:01 EDTAAPLApple says ResearchKit now available to medical researchers
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11:16 EDTFBCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
10:58 EDTFBStocks with call strike movement; FB BABA
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10:27 EDTAAPLSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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09:43 EDTAAPLApple to discuss future of iOS and OS X at conference on June 8
Apple announced that it will hold its 26th annual Worldwide Developers Conference June 8 through June 12 at San Francisco’s Moscone West. At WWDC, Apple’s developer community will come together to learn about the future of iOS and OS X. WWDC will feature more than 100 technical sessions, over 1,000 Apple engineers, hands-on labs to help developers integrate technologies and fine tune their apps. Reference Link
09:35 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:00 EDTFBFacebook price target raised to $80 from $72 at BMO Capital
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08:40 EDTAAPLSeveral signs suggest Apple may build a car, says Bernstein
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07:35 EDTBACBank of America April volatility elevated into Q1 and outlook
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07:28 EDTFBFacebook remains a top 2015 pick at JPMorgan
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05:48 EDTAAPLReport: Foxconn engaged in selling second-hand iPhones in China, DigiTimes says
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05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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April 13, 2015
17:10 EDTAAPLIBM establishes a Watson Health Cloud
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16:21 EDTAAPLOn The Fly: Top stock stories for Monday
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16:01 EDTAAPL, FBOptions Update; April 13, 2015
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13:26 EDTAAPLOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
12:46 EDTAAPLApple to update capital return policy on April 27, says Piper Jaffray
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12:02 EDTMSFTMicrosoft hires Kurt DelBene to head corporate strategy and planning
Microsoft announced that Kurt DelBene has been named executive vice president of Corporate Strategy and Planning reporting to Microsoft CEO Satya Nadella. DelBene is returning to Microsoft, where he was most recently president of the Microsoft Office Division. After leaving Microsoft in 2013, he then served as senior advisor to the Secretary of Health and Human Services where he was appointed by President Obama to oversee implementation and improvement of Healthcare.gov. He most recently has been a venture partner at Madrona Venture Group, concentrating on investing and advising in early stage, technology-focused startups in the Pacific Northwest.
09:34 EDTAAPLActive equity options trading on open
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09:24 EDTBACBank of America shares are cheap, says Morgan Stanley
Morgan Stanley said its sum of the parts of analysis of Overweight rated Bank of America indicates a value of $21. The firm said Bank of America's current share price implies no value for the wealth management division, which it values at $4.84 per share. Morgan Stanley said shares are cheap and recommends purchase.
09:24 EDTAAPLApple Watch sales conversion showing good results, says Cowen
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09:20 EDTAAPLOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
07:48 EDTAAPLVocera announces first clinical communications app for Apple Watch
Vocera (VCRA) announced the Vocera app for Apple's (AAPL) Apple Watch. The Apple Watch enables Vocera to extend the power of the Vocera Communication Platform in new ways so physicians and care teams can engage with and respond to life-critical communications and alerts. The Vocera app for Apple Watch will allow users to rapidly manage life-critical communications by viewing and responding to prioritized calls, alerts, and messages from other care team members, Electronic Health Records and clinical systems, including critical lab values and STAT orders. In addition, users will be able to manage key communication functions by setting their availability to enable proper message routing. The Vocera app also allows users to initiate panic calls in "man-down" emergency situations, improving staff safety. The Vocera app will be available this summer from the Apple Watch App Store.
07:29 EDTAAPLApple May weekly volatility elevated into Q2 and outlook
Apple April call option implied volatility is at 28, May weekly is at 36, June is at 29; compared to its 26-week average of 26 according to Track Data, suggesting large May price into the expected release of Q2 results on April 27.
07:19 EDTBACbloomberg to hold a summit
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07:15 EDTAAPLApple Watch orders totaled about 957K in U.S. on first day, Apple Insider says
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06:51 EDTAAPLApple Watch off to strong start, says Cantor
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06:35 EDTAAPLApple Watch trends show solid demand, limited supply, says Piper Jaffray
Piper Jaffray says lead-times for the Apple Watch were unchanged over the weekend, which it views as an indication that Apple is expecting a ramp in production in mid-May to June. Overall, Piper views the Watch trends over the weekend as suggesting solid demand paired with very limited supply. It maintains an Overweight rating on Apple with a $160 price target.
06:30 EDTAAPLApple in talks with Florence and the Machine for Beats service, Bloomberg says
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05:59 EDTAAPLApple contacts Irish banks ahead of Apple Pay rollou, The Independent says
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April 12, 2015
19:01 EDTAAPL, MSFTNokia maps unit HERE may be of interest to several tech firms, Re/code says
If Nokia is putting its mapping unit HERE up for sale it may draw interest from firms like Microsoft (MSFT), Yahoo (YHOO), Amazon (AMZN) and Apple (AAPL), says Re/code. Reference Link
April 10, 2015
16:14 EDTAAPLOn The Fly: Closing Wrap
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16:05 EDTAAPL, FBOptions Update; April 10, 2015
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15:28 EDTAAPLApple may charge $10-$15 per month for Beats music service, Bloomberg says
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12:46 EDTAAPLOn The Fly: Midday Wrap
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11:30 EDTMSFTStocks with call strike movement; MSFT MYL
Microsoft (MSFT) October 48 call option implied volatility increased 9% to 38, Mylan (MYL) July 85 call option implied volatility decreased 11% to 31 according to IVolatility.
11:00 EDTAAPLApple Watch largely sold out in 30 minutes, says Piper Jaffray
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10:56 EDTAAPLStocks with call strike movement; BIDU AAPL
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10:41 EDTAAPLBattleground: Analysts differ on Apple as Watch pre-orders kick off
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10:00 EDTAAPLOn The Fly: Analyst Downgrade Summary
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09:57 EDTBACBank of America April volatility elevated into Q1 and outlook
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09:39 EDTAAPLActive equity options trading on open
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08:23 EDTAAPLGarmin may be appealing to value seekers, says Pacific Crest
Pacific Crest says its checks found no signs of a pause in demand for Garmin's (GRMN) products leading up to the release of Apple's (AAPL) Apple Watch. The firm suspects that Garmin may be less hurt by the Apple Watch than many believe, and it thinks downside risk from the launch of the Apple Watch has subsided. The firm believes that value seekers could see an opportunity in Garmin, but it keeps a Sector Perform rating on Garmin.
07:47 EDTAAPLApple target raised to $150 at Canaccord after survey shows strong iPhone demand
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07:45 EDTAAPLApple volatility elevated into Apple Watch launch
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06:51 EDTAAPLApple downgraded at Raymond James on tough comps, Apple Watch risk
As previously reported, Raymond James analyst Tavis McCourt downgraded Apple to Market Perform from Outperform ahead of Q2 results. McCourt raised estimates due to iPhone strength in China and stronger buyback activity but believes FY16 comps get tougher and Apple Watch expectations could fall short. He said early reviews of Apple Watch have been muted and could add to investors' fears regarding the company's ability to launch a new successful product. McCourt views Apple's valuation as in-line with large-cap tech peers and expects shares to remain range-bound.
06:36 EDTAAPLApple downgraded to Market Perform from Outperform at Raymond James
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06:21 EDTBACBofA Merrill poaches JP Morgan's Brabazon for M&A group, Reuters reports
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06:04 EDTAAPLApple sees customer demand for Apple Watch exceeding supply at launch
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April 9, 2015
18:11 EDTMSFTWorldwide PC shipments decline 6.7% in Q1, IDC says
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16:00 EDTAAPLOptions Update; April 9, 2015
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14:08 EDTAAPLGoogle close to making Android Wear compatible with iPhones, The Verge says
Google (GOOG) is close to getting its Android Wear smartwatch platform to function on Apple's (AAPL) iPhone, reports The Verge, citing a source near the development team. The Verge notes that even if a solution is reached, Apple may still reject an Android Wear app from its App Store. Reference Link
09:55 EDTMSFTYahoo testing search pages without Bing branding, Business Insider reports
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09:36 EDTAAPLActive equity options trading on open
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08:52 EDTAAPLBMO cuts Apple Watch estimates after U.S. consumer survey
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08:41 EDTAAPLApple says Apple Watch delivery to begin April 24
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08:30 EDTAAPLApple says in-store preview, online pre-order for Apple Watch begins April 10
Apple Watch will be available for preview and pre-order on Friday, April 10. Customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the UK and the US can try on and experience Apple Watch at their local Apple Store or at Galeries Lafayette in Paris, Isetan in Tokyo, Selfridges in London, and select Apple Authorized Resellers in Japan and China. Customers can pre-order their Apple Watch through the Apple Online Store beginning April 10 at 12:01 a.m. PDT for delivery beginning April 24.
08:29 EDTAAPLApple quietly investing in South Africa again, TechCentral says
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07:45 EDTAAPLApple estimates lowered due to currency headwinds at UBS
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07:15 EDTMSFTMicrosoft May volatility elevated into Q3 and outlook
Microsoft April call option implied volatility is at 19, May is at 24; compared to its 26-week average of 20 according to Track Data, suggesting large late April price movement into the expected release of Q3 results on April 29.
06:28 EDTAAPLApple rival sold $335M of phones in China in 12 hours, Business Insider says
Xiaomi, one of Apple's biggest rivals in China, sold $335M worth of phones within a 12-hour period during its "Mi Fan Festival," Business Insider reports. Apple is currently in the midst of an aggressive expansion in China. Reference Link
06:26 EDTFBFacebook launches Messenger for Web browsers
Facebook has launched a Web version of Messenger. Users can access the product at Messenger.com. Reference Link
05:58 EDTAAPLARM spikes on rumors of Apple deal, Telegraph reports
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April 8, 2015
20:28 EDTAAPLDisney pressures Apple to include more channels for web TV service, Street says
Disney (DIS) is pressuring Apple (AAPL) to include "most if not all" of its TV channels, while Apple wants to sign on for fewer channels to reduce the price of its upcoming streaming service, The Street reported earlier, citing people with knowledge of the talks. Reference Link
20:17 EDTMSFT, AAPLAppeals court questions Google in patent dispute with Microsoft, Reuters says
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16:54 EDTAAPLApple bought keyboard app developer Dryft, TechCrunch says
Apple bought Dryft, a keyboard app developer, sometime in 2014, reports TechCrunch, citing the LinkedIn profile of Dryft CTO Randy Marsden. The profile indicates that Marsden now leads Apple's internal keyboard development team. TechCrunch notes that Dryft previously developed a keyboard app that only appears on screen when a user touches their smartphone or tablet display. Reference Link
16:01 EDTAAPLActionable Options for Wednesday, April, 8
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12:36 EDTFBGoogle, Facebook not discussing Twitter buyout, Re/code reports
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10:26 EDTBACBofA Merill Lynch names De Giorgi, Assef as investment banking co-heads, FT says
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10:22 EDTAAPLSociete Generale cuts Apple after seeing lower iPhone selling prices
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10:01 EDTAAPLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
09:41 EDTAAPLApple slips in early trading, levels to watch
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09:35 EDTAAPLActive equity options trading on open
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08:42 EDTFBLivePerson should benefit from Facebook move, says Roth Capital
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06:47 EDTAAPLGoogle could benefit from losing Safari default status, Business Insider says
Google's (GOOG) revenue could actually rise if Apple (AAPL) decides to drop Google as the default search engine on its Safari web browser, according to Business Insider, which cited a note from Goldman Sachs. If Apple drops Google, 48% of Safari users polled by Goldman said they would utilize Google's search engine anyway, Business Insider quoted Goldman as saying. If Google is able to retain 50%-70% of the ad revenue generated by Safari users after being removed as Safari's default search engine, Google's profits will rise about 5%-10%, since Google pays Apple for its default status, Business Insider quoted Goldman as saying. Reference Link
06:18 EDTAAPLApple downgraded to Hold from Buy at Societe Generale
Societe Generale analysts Andy Perkins and Peter Knox downgraded shares of Apple to Hold from Buy after their work indicated iPhone average selling prices dropped in the March quarter. Due to lower share of 128GB models, the analysts estimate the March quarter average selling price dropped to $651 from $687 in the December quarter. Further, Perkins and Knox believe currency headwinds are likely to adversely impact sales and that Apple will struggle to replicate the huge success of the iPhone 6 launch. They keep a $130 price target on the Apple. The stock closed yesterday down $1.34 to $126.01.
06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
16:55 EDTAAPLXerox upgraded to Buy ahead of Q1 results at Citigroup
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16:00 EDTFB, AAPLOptions Update; April 7, 2015
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15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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12:50 EDTAAPLHBO NOW available to Apple and Optimum Online customers
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11:06 EDTAAPLApple Watch reservations limited to one per customer, MacRumors reports
Apple Watch reservations will be limited to one per customer through the company's Reserve and Pickup service, reports MacRumors. Apple's one-per-customer reservation limit has been confirmed to be in place in the United States and United Kingdom, and likely other launch countries. Reference Link
11:02 EDTBACAmerican Express slips after analyst, columnist highlight challenges
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09:52 EDTAAPLApple retail chief instructs staff to push Apple Store shoppers online, BI says
Apple retail chief Angela Ahrendts wants staff at Apple Stores to push customers to order the Apple Watch and the new MacBook online instead of buying in physical stores, Business Insider reports, citing a memo. The memo notes that "This is a significant change in mindset" and will help ensure guaranteed delivery of the Apple products. Reference Link
09:35 EDTAAPLActive equity options trading on open
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07:52 EDTMSFTHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
07:16 EDTBACRising competition may make AmEx targets hard to achieve, WSJ says
Though American Express recently reaffirmed its long-term targets for growing revenue 8% per year or better and earnings per share by 12%-15% per year while increasing operating expenses by less than 3% per year, there are good reasons to be skeptical about its ability to hit those targets, according to The Wall Street Journal's "Heard on the Street" column. Competition from peer Visa (V) as well as big banks such as Citi (C) and Bank of America (BAC) may put pressure on AmEx’s margins and it is not safe to assume that the company will always fare as well on the Fed's stress tests as it just did, the report stated. Reference Link
06:46 EDTAAPLApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTMSFT, AAPLMicrosoft close to have alternative to Apple Pay, Business Insider reports
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06:19 EDTAAPLApple quietly acquired Ottocat 'some time ago,' TechCrunch reports
Apple quietly bought Ottocat, a startup that has developed a system to organize apps on its app store based on "nested" categories, TechCrunch reports. Terms of the acquisition, which is said to have closed "some time ago," have not been disclosed. A version of Ottocat's system currently powers the "explore" tab in Apple's App Store, TechCrunch says. Reference Link
06:00 EDTFBTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
20:07 EDTFBFacebook sued for facial biometric data collection, BI says
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19:42 EDTAAPLSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
16:00 EDTAAPLOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
10:23 EDTAAPLApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link
10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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09:36 EDTAAPLActive equity options trading on open
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07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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07:29 EDTAAPLApple Watch cannot launch in Switzerland due to patent issue, Reuters says
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
06:20 EDTAAPLGarmin downgraded to Sell from Buy at Citigroup
Citigroup analyst Jeremy David downgraded Garmin two notches to Sell from Buy saying competitive pressures are likely to stall the growth of the company's GPS fitness watch business. He also thinks revenue trends in Garmin's Outdoor segment could disappoint as the year progresses. David expects Garmin to miss consensus earnings and revenue expectations in Q1 and views the Apple (AAPL) Watch launch as another potential negative catalyst for shares. He cut his price target for the stock to $42 from $68. Shares of the navigation and information device maker closed Thursday down 58c to $46.49 after Goldman Sachs downgraded the stock Neutral from Buy.
06:11 EDTAAPLSamsung expected to win A9 chip orders for next iPhone, Bloomberg reports
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06:03 EDTFBUber hires Facebook's Joe Sullivan as Chief Security Officer
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April 5, 2015
16:56 EDTAAPL, FBEU considers major probe into Internet platforms, WSJ says
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09:10 EDTAAPLApple Watch to be sold by appointment only, Barron's says
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