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Stock Market & Financial Investment News

News For ALTR;CAVM;INTC;AMD;FSL;NXPI;BRCM From The Last 14 Days
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March 13, 2015
17:58 EDTINTCIntel should be bought after recent slide, Barron's says
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13:38 EDTBRCM, ALTR, NXPINXP climbs after analyst says Freescale deal creates semiconductor 'powerhouse'
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12:33 EDTNXPIOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after data showed that U.S. wholesale prices unexpectedly declined in February for a fourth straight month. The Dow has lost more than 200 points, giving back most of what it had gained yesterday. ECONOMIC EVENTS: In the U.S., the producer price index decreased 0.5% in February, versus expectations for a gain of 0.3%. The "core" PPI, which excludes food and fuel, also declined 0.5%. The University of Michigan consumer sentiment index dropped to 91.2 in the preliminary reading for March, which was down from February's 95.4 reading and below the 95.5 consensus forecast. The Baker Hughes U.S. rig count for the week of March 13 is expected at 1:00 pm EDT. Outside the U.S., Russia's central bank cut its key interest rate by one percentage point to 14%. COMPANY NEWS: Herbalife (HLF) shares advanced nearly 13% after The Wall Street Journal reported last night that the FBI and Manhattan's federal attorney's office are investigating whether the stock has been manipulated. In response, Pershing Square Capital's Bill Ackman said his firm is not aware of any statements that it has made that are untrue, nor is it aware of any unlawful conduct on its part or by any consultants that it has hired, in relation to Herbalife, which Ackman reiterated he believes is a pyramid scheme. MAJOR MOVERS: Among the noteworthy advancers was NXP Semiconductors (NXPI), which gained 4% after Needham initiated coverage of with a Strong Buy and $140 price target. Also of note, the U.S. International Trade Commission agreed to investigate certain electronic products with near field communication systems made by Dell that NXP claims infringe its patents. Also higher was El Pollo Loco (LOCO), which rose 12.5% after the restaurant operatorís quarterly results surpassed consensus estimates. Among the noteworthy losers was Whiting Petroleum (WLL), which slid 8.5% following a report from Reuters that said the company may look to sell certain assets, not the whole company as had previously been suggested by media reports. Also lower following its earnings reports was teen apparel retailer Aeropostale (ARO), which fell more than 17%. INDEXES: Near midday, the Dow was down 211.25, or 1.18%, to 17,683.97, the Nasdaq was down 44.12, or 0.9%, to 4,849.17, and the S&P 500 was down 20.01, or 0.97%, to 2,045.94.
12:31 EDTNXPIITC to investigate NFC claims made against Dell
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10:00 EDTNXPIOn The Fly: Analyst Initiation Summary
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10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aramark (ARMK) downgraded to Neutral from Outperform at RW Baird... Broadcom (BRCM) downgraded to Hold from Buy at Canaccord... Children's Place (PLCE) downgraded to Neutral from Buy at Citigroup... Depomed (DEPO) downgraded to Hold from Buy at WallachBeth... Diageo (DEO) downgraded to Underperform from Neutral at Credit Suisse... DreamWorks (DWA) downgraded to Neutral from Buy at B. Riley... Gaming and Leisure Properties (GLPI) downgraded to Neutral at Susquehanna... Genesco (GCO) downgraded at Sterne Agee... Host Hotels (HST) downgraded to Underperform from Market Perform at Raymond James... InspireMD (NSPR) downgraded at Oppenheimer... Integrated Silicon (ISSI) downgraded to Neutral from Buy at B. Riley... InterXion (INXN) downgraded to Market Perform from Outperform at Raymond James... JG Wentworth (JGW) downgraded to Hold from Buy at Jefferies... Lumber Liquidators (LL) downgraded to Neutral from Buy at Goldman... QIWI (QIWI) downgraded to Neutral at Susquehanna... Regional Management (RM) downgraded to Underperform from Neutral at Macquarie... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at RBC Capital... Rudolph Technologies (RTEC) downgraded to Neutral from Buy at DA Davidson.
09:50 EDTINTCActive equity options trading on open
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09:25 EDTNXPIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FXCM (FXCM), up 15.8%... El Pollo LoCo (LOCO), up 9.9%... Ulta Salon (ULTA), up 7.1%... Hibbett Sports (HIBB), up 5.1%... Ann Inc (ANN), up 5.5%... Spectrum Pharmaceuticals (SPPI), up 2.9%. ALSO HIGHER: Herbalife (HLF), up 5.1% following a Wall Street Journal report that federal prosecutors are investigating potential stock manipulation... Mobileye (MBLY), up 4.7% after being upgraded at Goldman... NXP Semiconductors (NXPI), up 1.7% after being initiated with a Strong Buy at Needham. DOWN AFTER EARNINGS: Aeropostale (ARO), down 13.2%... CTI BioPharma (CTIC), down 7.7%... Civeo (CVEO), down 3.4%. ALSO LOWER: Galena Biopharma (GALE), down 10.4% after announcing public offering of common stock and warrants... Whiting Petroleum (WLL), down 7.6% following a report from Reuters that explains that the company looks to sell certain assets instead of the whole company... Continental Building (CBPX), down 7.5% after 5M share Spot Secondary priced at $19.70.
08:47 EDTINTCIntel shares look attractive, says Argus
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08:43 EDTCAVM, BRCMCavium price target raised to $75 from $68 at FBR Capital
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08:30 EDTFSL, NXPINXP Semiconductors initiated at Needham
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08:25 EDTINTCPacific Crest remains constructive on Intel
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08:17 EDTINTCMicrosoft price target lowered to $48 from $58 at Pacific Crest
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07:57 EDTINTCIntel shorts should not be closed, says Bernstein
After Intel issued a negative preannouncement based on unfavorable currency and weak business PC demand, Bernstein expects the company to report lower than expected gross margins. The firm calls the effects of currency fluctuations on demand for the company's products "worrisome," and it trimmed its price target on the name to $28 from $30. It says it would not close shorts on Intel "just yet," and keeps an Underperform rating on the shares.
07:48 EDTINTCIntel preannouncement a buying opportunity, says Jefferies
Jefferies says yesterday's negative preannouncement from Intel presents a "particular" buying opportunity. It believes the tech giant's gross margins will expand in the second half of 2015 and keeps a Buy rating on the name. The firm lowered its price target for shares to $48 from $50.
07:42 EDTINTCIntel upgraded to Buy at Canaccord
As previously reported, Canaccord upgraded Intel to Buy from Hold after its pullback yesterday, citing drastically improved fundamentals, including sustained foundry advantages and strong secular momentum. However, Canaccord lowered its price target to $38 from $40 on Intel shares.
07:27 EDTINTC, INTCIntel upgraded to Underperform from Sell at CLSA
CLSA upgraded Intel to Underperform with a $31 price target to reflect limited downside to shares.
07:17 EDTBRCMBroadcom downgraded to Hold from Buy at Canaccord
Canaccord downgraded Broadcom (BRCM) to Hold and lowered its price target to $47 from $50 based on valuation, FX headwinds, and potentially difficult year-over-year Y Connectivity business comps with Apple (AAPL) and other top customers.
06:30 EDTNXPINXP Semiconductors initiated with a Strong Buy at Needham
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06:23 EDTINTCIntel upgraded to Buy from Hold at Canaccord
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