New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For GOOG;AAPL;C;LVS;INTC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | all recent news | >>
July 14, 2015
11:26 EDTGOOGGoogle price target raised to $744 from $614 at B. Riley
Subscribe for More Information
10:55 EDTLVSLas Vegas Sands July volatility elevated into Q2 and outlook
Las Vegas Sands July call option implied volatility is at 38, August is at 34, September is at 33; compared to its 52-week range of 18 to 41; suggesting large near term price movement into the expected release of Q2 results on July 14.
10:52 EDTINTCAnalysts say Micron could be sold, but not at price Tsinghua said to offer
Research firms have reacted to a Wall Street Journal report, published last night, that Chinese chip maker Tsinghua had offered to acquire Micron (MU) for $23B, or $21 per share. Summit Research said that Tsinghua would probably raise its bid, while JMP Securities wrote that the deal would be logical from Tsinghua's perspective. However, Piper Jaffray contended that the reported buyout offer is illogical and Cowen agreed, saying that the deal makes no sense for shareholders. ANALYST REACTION: Tsinghua may have indicated that it was making the "low ball" offer in order to gauge the reaction of Micron's management and shareholders to it, Summit Research analyst Srini Sundarararjan contended in a note to investors. Tsinghua will probably increase its bid, the analyst predicted, adding that he expects Micron's stock to reach $21 soon. Sundarararjan kept a $34 price target and Buy rating on Micron. JMP Securities analyst Alex Gauna wrote that the deal would be logical for Tsinghua, as it would allow the Chinese company to access leading edge process technology, enable it to deliver more complete system solutions, and give it access to 3D NAND technology. The analyst, who believes that other Chinese companies may make competing bids for Micron, finds it difficult to believe that Micron would accept an offer more than 5%-10% below its 52-week high of $36.50. Piper Jaffray analyst Ruben Roy countered that the deal makes sense for Tsinghua and China, but not for Micron. If a takeover of Micron was based on the average valuation that companies in Micron's sector have received in takeover deals over the last 18 months, it would fetch a takeover price of $43 per share, Roy estimated. Micron and Tsinghua are more likely to reach an intellectual property sharing deal than complete a takeover transaction, according to Roy, who kept an Overweight rating on Micron. Similarly, Cowen analyst Timothy Arcuri wrote that the $21 per share price wouldn't make sense for Micron's shareholders, since it's barely above the estimated replacement cost of the company's capacity. The analyst indicated that he does not believe that Tsinghua would actually make the deal and he thinks that the U.S. Department of Justice would not approve the deal if it does get offered. WHAT'S NOTABLE: In a separate note, Summit's Sundarararjan, noting that Intel (INTC) has a 20% stake in Tsinghua. contended that the U.S. chip giant probably "midwifed" Tsinghua's offer for Micron. The analyst says that Intel "carries a lot of weight" with the U.S. Department of Justice and he believes that the DOJ could approve the deal. PRICE ACTION: In morning trading, Micron jumped 11% to $19.60. Several other semi chip related stocks were also rising, with SanDisk (SNDK) gaining 4%, Advanced Micro Devices (AMD) advancing 3% and Atmel (ATML) adding 2%.
10:01 EDTINTCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:56 EDTCScotiabank to acquire Citi's Retail, Commercial Banking ops in Panama, Costa Rica
Scotiabank (BNS) announced that an agreement has been reached to acquire Citigroup's (C) retail and commercial banking businesses in Panama and Costa Rica, subject to regulatory approval. Scotiabank's common equity tier one capital ratio will be impacted by approximately 15 basis points. This transaction will aim to provide a significant lift to the Bank's market share in credit cards to approximately 18% in Panama and 15% in Costa Rica, ranking Scotiabank number two in both countries in this segment. This acquisition will nearly triple Scotiabank's customer base in these two countries from approximately 137,000 to 387,000. Citibank's operations in Costa Rica and Panama include 27 branches which serve more than 250,000 retail and commercial banking customers. The agreement also includes the assumption of Citigroup employees from the retail and commercial banking businesses in Panama and Costa Rica by Scotiabank Panama and Costa Rica, respectively. Until the transaction receives the necessary regulatory approvals, all operations, branches, products and benefits programs will continue to operate as usual. Scotiabank and Citibank will work together to ensure a smooth transition for customers and employees.
09:35 EDTLVS, INTC, AAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:06 EDTGOOGMerkle announces deal with Google to adopt DoubleClick's marketing solutions
Merkle, a data-driven, technology-enabled performance marketing agency, has reached an agreement with Google to adopt the full suite of DoubleClick’s marketing solutions. As part of the agreement, Merkle will be one of the first agencies to use DoubleClick’s cross-device measurement, which was unveiled by Google at the June 17 DoubleClick Leadership Summit.
08:56 EDTAAPLMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
08:19 EDTAAPLFBR Capital looks past 'speed bump' in Apple shares
Subscribe for More Information
07:40 EDTINTCCiti sees arbitrage opportunity in Altera ahead of buyout
Shares of Altera (ALTR) currently trade at a 7.5% discount to Intel's (INTC) buyout offer of $54, Citi analyst Christopher Danely points out today in a research note. Danely expects the deal will go through without any antitrust issues. As such, he sees an arbitrage opportunity in Altera. He raised his price target for shares to $54 from $43. The chipmaker closed yesterday up 50c to $50.25. Shares of Intel (INTC) are trading down 24c to $29.49 in pre-market trading after Bernstein downgraded the name to its sell-equivalent Underperform.
07:06 EDTINTCIntel July volatility elevated into Q2 and outlook
Subscribe for More Information
06:41 EDTINTCMicron, Tsinghua deal 'probably won't happen,' WSJ reports
Subscribe for More Information
06:37 EDTAAPLApple progresses in TV app talks with networks, NY Post reports
Subscribe for More Information
06:36 EDTINTCIntel downgraded to Underperform from Market Perform at Bernstein
Bernstein analyst Stacy Rasgon downgraded Intel to Underperform ahead of the company's Q2 results and cut his price target for shares to $25 from $29. Rasgon believes weaker than expected Data Center Group results is a "real possibility," which he feels would be "much worse" than weak PCs.
06:30 EDTAAPLApple Pay launches in U.K., has technical problems, Reuters reports
Subscribe for More Information
06:20 EDTGOOGQualcomm to work with Google-backed Thread Group, Re/code reports
Qualcomm (QCOM) said it is working with Thread Group, a Google (GOOG) backed effort to find ways for internet connected devices to communicate with one another, Re/code reports. Reference Link
06:15 EDTGOOGGoogle seeks ways to operate more efficiently, WSJ reports
Google is slowing down hiring and seeking ways to run more efficiently, the Wall Street Journal reports, citing sources familiar with the matter. New CFO Ruth Porat has been active in the company's cost-cutting measures, the report says, having started an internal audit examining costs, revenue, and accounting systems. Google is expected to offer an expenses update on Thursday when it reports its second quarter financial results, the report says. Reference Link
05:53 EDTAAPLSamsung expected to launch Galaxy Note 5 on August 14, DigiTimes reports
Subscribe for More Information
05:53 EDTAAPLReport: Apple research center in Japan part of govt IT strategy, DigiTimes says
Subscribe for More Information
05:46 EDTINTCIntel may have 'midwifed' Tsinghua bid for Micron, says Summit Research
Summit Research analyst Srini Sundararajan says Tsinghua Unigroup's reported $23B offer for Micron (MU) is highly likely to have been "midwifed" by Intel (INTC). Intel owns 20% of Tsinghua, Sundararajan points out. The analyst thinks the potential merger will "only have a few objections to work through," despite doubt from investors that the deal will be allowed by the Department of Justice. Sundararajan has viewed Micron as an acquisition candidate and keeps a Buy rating on the name with a $34 price target after the Wall Street Journal reported last night that the state-owned Tsinghua offered $21 a share for Micron. The chip maker is up $1.99 to $19.60 in pre-market trading.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use