Apple News

iPhone Options and Market Rap on MA, ODP, TIF & AAPL (Blogging Stocks)

Filed under: Apple Inc (AAPL) , Tiffany and Co (TIF) , MasterCard Inc’A’ (MA) , Office Depot (ODP) , iPhone , Options Although markets tried to rally after last week’s selling, it didn’t last long. Overall markets moved lower. The NYSE had volume of 2.4 billion shares with 1,004 shares advancing while 2,281 declined for a loss of 41.62 points to close at 9,807.35. On the NASDAQ, 1.9 billion shares traded, 1,038 advanced and 2,008 declined for a loss of -11.88 to 2,577.08. MasterCard Incorporated (NYSE: MA ) fell $6.67 (-4%) to $161.76. Office Depot (NYSE: ODP ) fell $1.21 (-4%) to $32.28 hitting a low as retail stocks were weak. Tiffany & Co. (NYSE: TIF ) rose $2.02 (4%) to $52.00 on takeover speculation. Apple Computer (NASDAQ: AAPL ) saw heavy volume on the July 120 calls (QAAGD) with over 22,000 options trading today. Apple options have been heavily traded recently and that may be partially due to the pending iPhone release. Apple stock has been in a long term uptrend going from about $60 a share to $120 in the last year. Looking at a 5 year chart the stock has shot up from $7.50 a share in January 2003 to $122.34 today. That is a huge run-up and a successful launch of the iPhone could continue the exponential growth of Apple stock. Continue reading iPhone Options and Market Rap on MA, ODP, TIF & AAPL Permalink | Email this | Comments

Apple Teases Microsoft with Leopard Easter Egg (

If this picture is real (and we have no reason to think otherwise) then it looks like Apple has taken a little dig at Microsoft. Posted by Guillaume Carbonneau, the screenshot is taken on a developer friend’s Mac, running the beta build of OS X 10.5 Leopard.

Before the bell 6-25-07: CVX, GE, JNY, WAG … (Blogging Stocks)

Filed under: Before the bell , Earnings reports , Analyst upgrades and downgrades , Google (GOOG) , Apple Inc (AAPL) , General Electric (GE) , Wal-Mart (WMT) , Walgreen Co (WAG) , Target Corp. (TGT) , Chevron Corp (CVX) , Honeywell Intl (HON) , United Technologies (UTX) , Jones Apparel Group (JNY) Main market news here . Jones Apparel Group Inc. (NYSE: JNY ) announced at the close on Friday that it is selling its it has entered into a definitive agreement to sell Barneys New York to an affiliate of Dubai-based investment firm Istithmar for $825 million, double what it paid for the chain in December 2004. JNY already closed up 1.5% on Friday in anticipation of the announcement. Chevron Corp (NYSE: CVX ) was upgraded to Buy from Neutral at Banc of America Securities, on its deepwater growth strategy. The broker also said Chevron is the prime beneficiary of the favorable crude pricing. As of 7:34 am, the stock ticked up 0.1%. That’s it, we’re in the final stretch. Apple Inc.’s (NASDAQ: AAPL ) iPhone will be released Friday, in five days. Consumers and the industry await the “revolutionary” phone , and every shareholder hopes it doesn’t disappoint.’s Scott Moritz did the math: With 1,962 Apple and AT&T (NYSE: T ) stores and the rumored 200 phones per store, Apple could potentially sell 392,000 iPhones, which at $550 (averaging the more expensive $599 and the less expensive $499), Apple might take in $216 million in revenue on the evening of June 29 . Not including online sales. Following the Paris AirShow where the aerospace industry showed strength , Deutsche Bank raised the price targets of General Electric Co. (NYSE: GE ) to $44 from $43, United Technologies Corp. (NYSE: UTX ) to $79 from $77 and Honeywell International Inc. (NYSE: HON ) $59 from $57. Meanwhile, GE’s Universal “Evan Almighty,” had what some called a solid debut with $32.1 million ticket sales over the weekend, while others called it a disappointing one, especially since it was less than half the $68 million opening of its “Bruce Almighty,” not to mention being the most expensive comedy ever made at a cost of $175 million. Walgreen Co. (NYSE: WAG ) reported fiscal third-quarter results this morning. The company reported earnings of 56 cents per share, beating Wall Street estimate, which according to Thomson Financial were 54 cents per share. Sales growth also matched expectations. This despite Target Corp. (NYSE: TGT) and Wal-Mart Stores Inc. (NYSE: WMT) offering drugs at deep discount. Same-store sales grew 7.8%. Shares are up 1.2% in pre-market trading (8:10 am). JMP Securities upped Google Inc.’s (NASDAQ: GOOG ) target price from $580 to $625. Permalink | Email this | Comments

THE NEXT GENERATION / Apple’s iPhone will change the very nature of mobile communications with its dazzling design and interface (San Fransisco Chronicle)

Call it the iPhone effect. That’s what you get when you throw a potentially game-changing device from an innovative pioneer into an established but still evolving industry. Apple’s uber-phone, a media and Internet device that goes on sale Friday, has…