Apple’s newest foray into social media isn’t its own network — it’s an app that creates slickly designed videos.
Clips, Apple’s (AAPL, Tech30) new standalone app announced Tuesday, creates videos to share to networks like Facebook (FB, Tech30) and Instagram. The app, which will be available for free in the App Store in April, lets users create what Apple calls “immersive” video.
Clips users can string together video clips, photos and music — and add a bit of flash with features like filters, emoji, speech bubbles, animated titles and narration. The square-shaped Clips videos can be shared directly to social networks like Instagram, Facebook, Snapchat and Twitter, or saved to a user’s phone. (While Apple isn’t always known for playing nicely with other tech companies’ systems, the Cupertino company hasn’t had much success with its own social network experiments like Ping and Apple Music Connect.)
I tested Clips during a brief demo in New York this week and found the app is a lot like Snapchat’s (SNAP) Stories feature — but with Apple’s polish.
ten best stocks: Finjan Holdings, Inc.(FNJN)
- [By Taylor Cox]
Finjan Holdings, Inc (NASDAQ: FNJN)
Danaher Corporation (NYSE: DHR)
Delta Air Lines, Inc (NYSE: DAL)
Deckers Outdoor Corporation (NYSE: DECK) annual shareholder meeting, to vote on Marcato Capital board nominees
ten best stocks: Digital Realty Trust Inc.(DLR)
- [By Benzinga News Desk]
Last year was brutal for hedge fund investors — but you wouldn’t know it from the fund managers’ paychecks: Link
The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
Jefferies Upgraded ConocoPhillips (NYSE: COP) from Hold to Buy
JPMorgan Upgraded Clovis Oncology (NASDAQ: CLVS) From Neutral to Overweight
Morgan Stanley Upgrades TJX Companies (NYSE: TJX) From Equal-Weight to Overweight
Macquarie Downgraded Disney (NYSE: DIS) from Outperform to Neutral
Deutsche Bank Downgraded AvalonBay (NYSE: AVB) from Buy to Hold
Wells Fargo Downgrades Digital Realty Trust (NYSE: DLR) From Outperform To Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email firstname.lastname@example.org.
- [By Lisa Levin]
DuPont Fabros Technology, Inc. (NYSE: DFT) shares shot up 10 percent to $61.07. Digital Realty Trust, Inc. (NYSE: DLR) announced plans to merge with DuPont Fabros.
ten best stocks: Xerox Corporation(XRX)
- [By Paul Ausick]
Xerox Corp. (NYSE: XRX) dropped about 23% on Tuesday to post a new 52-week low of $6.46 after closing at $8.73 on Friday. The dip was the result of the company’s completed separation into two firms this morning. After the early drop shares had gained around 17% by late afternoon, probably on the strength of a cash payment of $1.8 billion.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Xerox Corp. (NYSE: XRX) which rose 3.8% to $30.56. The stocks 52-week range is $22.90 to $30.76. Volume was 3.8 million compared to its average volume of 2.3 million.
ten best stocks: Ryerson Holding Corporation(RYI)
- [By Lisa Levin]
Shares of Ryerson Holding Corp (NYSE: RYI) got a boost, shooting up 11 percent to $13.70. Ryerson expects Q1 net income of $12 million to $15 million.
- [By Dan Caplinger]
Among the worst performers on the day were GameStop (NYSE:GME), Hovnanian Enterprises (NYSE:HOV), and Ryerson Holding (NYSE:RYI). Below, we’ll look more closely at these stocks to explain why they did so poorly.
- [By Demitrios Kalogeropoulos]
As for individual stocks, PriceSmart (NASDAQ:PSMT) and Ryerson (NYSE:RYI)attracted heavy investor interest in the wake of their quarterly earnings reports.