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Stock Market & Financial Investment News

News For AAPL;BRCM From The Last 14 Days
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April 22, 2015
16:00 EDTAAPLOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
15:12 EDTAAPLAOL debuts three apps for Apple Watch
AOL (AOL) announced the debut of three apps built for the Apple Watch, including Pip, the newly redesigned The Huffington Post app, and the AOL app. Each of them will be available on April 24, the company stated.
14:47 EDTBRCMEarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
10:31 EDTAAPLUBS U.S. IT Hardware analyst holds an analyst/industry conference call
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10:20 EDTBRCMBroadcom CEO says enterprise spending 'fairly strong' globally
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10:19 EDTBRCMBroadcom CEO says focusing on connectivity technology
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09:54 EDTAAPLApple Watch pre-orders may start May 8 in next wave of countries, MacRumors says
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09:22 EDTBRCMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
08:14 EDTBRCMBroadcom remains a top semi pick after Q1 results at JPMorgan
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07:20 EDTAAPLApple survey continues to show strong iPhone demand, says UBS
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07:11 EDTBRCMBroadcom price target raised to $59 from $53 at Brean Capital
Brean Capital raised its price target on Broadcom to $59 from $53 following its beat and raise Q1 results. The firm cited strength in its infrastructure and networking segments, tight cost management, and raised guidance. Brean Capital reiterated its Buy rating on Broadcom shares.
07:08 EDTAAPLPriceline Apple launches Apple Watch travel applications
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06:16 EDTAAPLApple retail chief discusses Apple Watch, MacBook in video, BI reports
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April 21, 2015
19:06 EDTBRCMOn The Fly: After Hours Movers
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18:35 EDTAAPLChinese court rules in favor of Apple in Siri patent case, Economic Times says
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16:45 EDTBRCMBroadcom up over 4% following Q1 results, guidance
16:08 EDTBRCMBroadcom sees Q2 adjusted gross margin 56%, plus or minus 75 bps
Sees Q2 gross margin 54.5%, plus or minus 75 bps. Sees Q2 research & development, and selling, general & administrative expenses down about $15M, plus or minus $10M sequentially.
16:07 EDTBRCMBroadcom sees Q2 revenue about $2.1B, plus or minus $75M, consensus $2.07B
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16:06 EDTBRCMBroadcom reports Q1 adjusted EPS 64c, consensus 60c
Reports Q1 revenue $2.06B, consensus $2.01B.
16:00 EDTAAPLOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
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