>>> Apple - iPhone chip orders slowing down, say IC designers

Apple has started scaling back on chip orders for its latest iPhone, according to sources at IC design houses.

Orders for chips for the production of iPhone 6 devices will reduce to 44-46 million units in the first quarter of 2015 from more than 50 million units in fourth-quarter 2014, the sources estimated.

In addition, analog IC firms in the supply chain for Apple's iPhone 6 disclosed that their unfilled orders-to-shipments ratio has slid to 1.1 from 1.3-1.4.

Meanwhile, sources at downstream manufacturers also indicated that the visibility of orders for the iPhone 6 has reduced at a gradual pace. Shipments for Apple's latest iPhone devices might have already reached peak levels, the sources suggested.



{AAPL US Equity GIP<GO>}

AAPL -0.04%

>>> Glentel (GLN CN) To be acquired by Bell at $26.50/shr in cash and stock valu

To be acquired by Bell at $26.50/shr in cash and stock valued at $670M 
- entered into a definitive agreement whereby BCE will acquire all of the issued and outstanding shares of GLENTEL, the Canadian-based multi-carrier mobile products distributor. Valued at approximately $670 million, the transaction enhances Bell's strategy to accelerate wireless and improve customer service in a competitive wireless marketplace, while providing additional value to GLENTEL shareholders.
- Bell will acquire all of GLENTEL's approximately 22.4 million fully diluted common shares, for a total consideration for GLENTEL's equity of approximately $594 million. GLENTEL shareholders may elect to receive either $26.50 in cash, or 0.4974 of a common BCE share, for each GLENTEL common share, representing a premium of 108% based on GLENTEL's closing share price on the TSX on November 27, 2014 and a 121% premium to the volume weighted trading average share price on the TSX for the past 10 days. The BCE share consideration is based on the 10-day volume weighted trading average share price on the TSX of $53.27.
- Including net debt and minority interest of approximately $78 million, the total enterprise value of GLENTEL is approximately $670 million. The transaction consideration will consist of a combination of 50% cash and 50% in BCE common shares.
- Expected to close by the end of the first quarter of 2015- SourceTradeTheNews.com

>>> US trading amended hours due to post Thanksgiving holiday (Friday Nov 28th)

US trading amended hours due to post Thanksgiving holiday (Friday Nov 28th) 

>>> Floor Trading
CME/CBOT early close (FX, Interest Rate and Commodities close at 13:00 ET/18:00 GMT)
NYMEX floor regular close

>>> Electronic Trading:
>>CME Globex 
- Equity product early close at 13:15 ET /18:15 GMT 
- Interest Rate Products early close at 13:15 ET/ 18:15 GMT 
- FX early close at 13:15 ET / 18:15 GMT 

NYMEX: early close at 13:30 ET/18:30 GMT3-Month 
Euribor: early close at 13:00 ET/18:00 GMT
NYSE LIffe: Regular close for all other products
Eurex: Regular close

>>> US Gapping up

Gapping up 
In reaction to strong earnings/guidance: LEDS +21.4%

M&A news: CONN +0.5% (may be a possible takeover target, according to Bloomberg real M&A column), .

Select Travel related names showing strength: JBLU +6.6%, UAL +5.3%, VA +5.3%, DAL +5.1%, LUV +4.1%, SAVE +3.1%, CCL +2.3%, ALK +2%, RCL +1.8%.

Select Auto OEMs trading higher: TTM +3.1%, TM +1.5%, F +1.2%

Other news: CTIC +4% (disclosed select financial information for October), VOD +2.2% (SKIPSKIPSKIP), DEO +2% (peer Remy Cointreau announced earnings), BUD +1.6% (peer Remy Cointreau announced earnings), UPS +1.4% (beneficiary of lower oil prices), FDX +1.4% (beneficiary of lower oil prices), RIO +1.3% (hosted investor day, promises to deliver sustainable returns to shareholders)

Analyst comments: VOD +2.2% (hearing added to Key Call List at UBS), BCS +2% (upgraded yesterday to Buy from Neutral at Goldman), SBUX +0.9% (target raised to $100 from $90 at Piper Jaffray), AMZN +0.6% (target raised to $400 from $350 at Piper Jaffray) 

>>> US Gapping down

Gapping down
Select oil/gas related names showing early weakness: STO -13%, EXXI -12.3%, TLM -12.3%, HK -10.5%, SSL -10%, PWE -9.4%, CHK -9.3%, SU -8.5%, RIG -8%, SDRL -7.6%, CLR -7.2%, TOT -7%, PBR -6.3%, RDS.A -6.1%, BP -5.7%, LINE -5.7%, ESV -4.7%, MRO -4.7%, DO -4.6%, APC -4.5%, SLB -4.2%, BHI -4.1%, COP -4%
 
Select "other energy source" names showing weakness: PLUG -5.3%, CSIQ -4.1%, SUNE -3.1%, BTU -3%

Select metals/mining stocks trading lower: AG -6%, BHP -5.4%, AU -4.8%, GOLD -3.7%, GDX -3.2%, SLV -3.1%, AKS -2%, FCX -1.7%

Other news: AVNR -6.4% (received a Complete Response Letter from FDA for AVP-825 for the treatment of migraines; the FDA did not request that any additional clinical trials be conducted prior to approval), LAKE -5.3% (cont pull back from recent move), TKMR -2% (filed for a $150 mln offering of common shares), CJES -0.5% (announced that it has begun soliciting alternative proposals to purchase the company, or a controlling stake in the company, that are superior to its proposed combination with Nabors' completion and production services business)

Analyst comments: FMS -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), CTRP -1.1% (downgraded to Neutral from Overweight at JP Morgan), HSBC -1.1% (downgraded to Neutral from Buy at Goldman; removed from Pan-Europe Buy List) 

>>> US Early premarket gappers

Early premarket gappers

Gapping up: LEDS +21.4%, RWT +13.3%, G +9.7%, JBLU +6.6%, PKY +5.8%, VA +5.7%, DAL +5.1%, LUV +4.9%, UAL +4.2%, CTIC +4%, SAVE +3.1%, TTM +3.1%, VOD +2.2%, ALK +2%, RCL +2%, BUD +1.3%, DEO +1.2%, F +1.1%

Gapping down: STO -13.5%, EXXI -12.3%, CHK -11.5%, TLM -11.1%, HK -10.5%, SSL -10%, PWE -9.2%, SU -9%, RIG -8.8%, CLR -8.1%, SDRL -7.9%, TOT -7.3%, AVNR -6.4%, RDS.A -6.4%, BP -6.3%, AG -6.2%, PBR -6.1%, BHP -6%, ESV -5.8%, LINE -5.7%, PLUG -5.3%, APC -5%, MRO -4.7%, SLB -4.6%, AU -4.5%, COP -4.3%, BHI -4.3%, LAKE -4.2%, GOLD -4.1%, DO -4.1%, SLV -3.5%, GDX -3.4%, CSIQ -3.2%, SUNE -3.1%, BTU -2.8%, FCX -2.4%, TKMR -2%, AKS -2%