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MarketWatch MarketPulseDec 10, 2018
Apple news from China is 'another gut punch' for iPhone maker, analyst says
News that a Chinese court has ordered Apple Inc. to stop selling some iPhones after finding it infringed on patents held by Qualcomm Inc. is "another gut punch" for the company that adds to all the noise recently coming from China, according to Wedbush. Analyst Daniel Ives said the news is concerning, although he is expecting it to affect just 10% to 15% of sales in the region. "In a nutshell, with China being a linchpin of growth for Apple around iPhone sales any further dent in the armor at this juncture is not what Apple or investors wanted to see given the headwinds around sales of its latest XR model," Ives wrote in a note. "It continues to feel like every day the sun will come out and there will be another bad data point for Apple as since the company reported its quarter in early November it's been a string of bad news around iPhone demand, transparency in the food chain, supplier cuts, China tariff worries with the stock down significantly and losing its gains for the year." Still, Ives said he expects today's news to offer more noise than something that will have a real impact. He reiterated his outperform rating on the stock, which was down 0.1% in afternoon trade, while the Dow Jones Industrial Average was down 0.8% and the S&P 500 was down 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchDec 10, 2018
Europe Markets: European stocks end sharply lower as data add to worries about global growth
European stocks struggle for ground as signs of a slowdown in Germany and France add to worries over global growth. Trade worries were also in the mix.

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US stocks off session lows as big-cap consumer, tech issues rise - Fox Business (Google Business News)

USA Today MoneyDec 10, 2018
Why is the stock market dropping? Dow sheds 90 points on trade, Brexit concerns
Stocks fell Monday, as investors fretted over trade tensions with China, a delayed Brexit vote and a flattening yield curve.        

MarketWatchDec 10, 2018
Market Snapshot: Dow slices losses in half, now down 230 points; focus still growth and trade concerns
Stock investors are plagued by fears of slowing growth abroad and continued trade tensions.

MarketWatch MarketPulseDec 10, 2018
U.K.'s May confirms Brexit vote delay, says deal must include controversial Northern Ireland backstop
U.K. Prime Minister Theresa May confirmed the parliamentary vote on the Brexit deal she agreed with the European Union would be delayed during a speech in the British House of Commons on Monday. The primer minister further said there was "no deal available that doesn't include the backstop," referencing the agreed solution to dealing with the border between Northern Ireland and the Republic of Ireland. Members of parliament critical of May's deal have said the backstop could become permanent and thus infringe upon the U.K.'s sovereignty. May added that she would do anything she could to get further assurances on the backstop from the EU. The British pound extended its sharp losses following May's speech, touching a fresh 20-month low. Sterling last bought $1.2531, down 1.6%, according to Factset. The euro was up 1.6% versus the pound, buying £0.9086.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsDec 10, 2018
UPDATE 1-Tivity Health to buy Nutrisystem for $1.4 bln
Tivity Health Inc said on Monday it would buy diet plan developer Nutrisystem Inc for $1.4 billion in cash and stock, as it looks to expand its presence in the lucrative weight management market.

CNBC BusinessDec 10, 2018
There's one sector in the market doing great on Monday: defense stocks
Defense stocks rose on Monday after Politico reported that President Donald Trump is asking for a $750 billion defense budget in fiscal 2020.

MarketWatch MarketPulseDec 10, 2018
Allscripts shares rise on news to sell Netsmart, but Leerink questions move
Shares of Allscripts Healthcare Solutions Inc. rose 4.1% Monday, after the company said it is selling its Netsmart Technologies Inc. business for about $525 million. The healthcare IT company placed its homecare business in Netsmart in March of 2016 in exchange for the largest ownership stake in the company, which specializes in behavioral health, human services and post-acute care. The company expects the deal to close by the end of the fourth quarter. It will use the proceeds to pay down debt, invest in growth areas and buy back stock. Leerink analyst David Larsen said he viewed the sale as a "mixed outcome" for shareholders. "We are encouraged that the sale proceeds of ~$525M will allow the company to reduce its leverage and provide the potential for more share repurchases, but we question why management would sell the company if it has generated such good growth and value over the past few years," Larsen wrote in a note. "With weak 3Q18 bookings blamed in part by Netsmart sales distractions, we believe there will be even greater focus on 4Q18 bookings which may disappoint and lead to further stock pressure." Allscripts shares have fallen 32% in 2018, while the S&P 500 has fallen 1.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsDec 10, 2018
SoftBank IPO; Carlos Ghosn indicted; Huawei and markets - CNN
SoftBank IPO; Carlos Ghosn indicted; Huawei and markets  CNNSoftbank prices its $23.5 billion IPO — one of the biggest of all time  Business InsiderSoftBank's mobile IPO is the second biggest in history  CNNSoftBank May Be Milking Its Cash Cow Dry  BloombergSoftBank's record IPO reaches $23.5 billion after extra share sale  ReutersView full coverage on Google News

Forbes HeadlinesDec 10, 2018
A Secret Dividend Growth Stock You Should Buy As Brexit Shocks Financial Markets
Concerned about Brexit? Fear not: this stock should continue to thrive regardless of how, or if, the UK exits the European Union.

MarketWatchDec 10, 2018
The Ratings Game: China block of iPhone sales, memory outlook don't hurt chip stocks
Chip-related stocks outperformed the broader indexes Monday as analysts weighed the effect of tariffs on the industry and China's order to stop selling certain older Apple Inc. iPhone models.

MarketWatchDec 10, 2018
Cannabis Watch: Aurora Cannabis stock fails to hold gains after company unveils plan to buy Mexican partner
Just days after Aurora Cannabis Inc. announced a supply deal with Mexico's Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy all of the company's outstanding shares in an all-stock deal.
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