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Stock Market & Financial Investment News

News Breaks
August 15, 2014
11:42 EDTKLIC, LRCX, KLAC, AMATApplied Materials rises following strong profit, gross margin, order growth
Shares of semiconductor equipment maker Applied Materials (AMAT) are advancing after posting strong third quarter profit, adjusted gross margin, and order growth. WHAT'S NEW: Last night, Applied Materials reported Q3 adjusted earnings per share of 28c and revenue of $2.27B, compared to analysts’ consensus estimates of 27c and $2.29B, respectively. Q3 adjusted gross margin came in at 45.5%, up 260 basis points year-over-year, and up 130 basis points sequentially. Q3 orders of $2.48B, increased 24% year-over-year led by SSG year-over-year order growth of $362M. President and CEO Gary Dickerson said, “We have focused our strategy and investments in areas that have the largest impact for customers while driving improvements in execution and speed across the company. With these actions, we have improved our operating margins for seven quarters in a row and are making substantial progress towards our long-term financial model." WHAT’S NOTABLE: For the fourth quarter, Applied Materials expects adjusted EPS of 25c-29c, versus consensus of 26c. Q4 revenue is expected to be approximately flat, plus or minus 3% sequentially, and up by approximately 10%-17% from the year-ago period, compared to consensus of $2.28B. PRICE ACTION: In late morning trading, Applied Materials rose $1.04, or about 5%, to $22.19 on heavy trading volume. Including today’s advance, the stock has gained approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor equipment space include Lam Research (LRCX), Kulicke and Soffa (KLIC), and KLA-Tencor (KLAC).
News For AMAT;LRCX;KLIC;KLAC From The Last 14 Days
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November 20, 2014
10:35 EDTAMATOptions with decreasing implied volatility
Options with decreasing implied volatility: DKS SPLS WB GMCR VRX HTZ WSM VIPS BBY AMAT
November 19, 2014
19:40 EDTKLACKLA-Tencor lowers Q2 EPS guidance to 37c-61c from 46c-70c, consensus 58c
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19:34 EDTKLACKLA-Tencor declares special dividend of $16.50 per share
KLA-Tencor Corporation announced that its board has declared a special cash dividend of $16.50 per share on its common stock payable on December 9 to KLA-Tencor stockholders of record as of the close of business on December 1. The special cash dividend was approved by KLA-Tencor's board on November 19. Of the $16.50 per share distribution, KLA-Tencor currently expects between $11.50-$12.50 per share to be characterized as a dividend, and the remaining amount of the distribution to be characterized as a return of capital. KLA-Tencor's board has also authorized the redemption of $750.0M outstanding principal amount of KLA-Tencor's 6.900% senior notes due 2018.
10:29 EDTLRCX, AMATGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
07:36 EDTAMATUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
November 17, 2014
07:52 EDTKLAC, KLACKLA-Tencor downgraded to Underperform from Outperform at CLSA
November 14, 2014
07:55 EDTAMATApplied Materials 2015 set up looks solid, says Cowen
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November 13, 2014
18:40 EDTAMATOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
16:27 EDTAMATApplied Materials down about 3% following Q4 results, guidance
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16:04 EDTAMATApplied Materials reports backlog $2.92B at Q4 end, down 2% sequentially
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16:03 EDTAMATApplied Materials reports Q4 adjusted gross margin 44.2%, up 220bps YoY
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16:03 EDTAMATApplied Materials sees Q1 adjusted EPS 25c-29c, consensus 31c
Sees Q1 revenue in the range of flat to up 5% from the previous quarter. Q1 consensus $2.37B.
16:02 EDTAMATApplied Materials reports Q4 adjusted EPS 27c, consensus 27c
Reports Q4 revenue $2.26B, consensus $2.27B.
15:18 EDTAMATNotable companies reporting after market close
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14:33 EDTAMATApplied Materials technical remarks before results
The shares have outperformed the broader averages in the last three months, trading up over 7%. We need to pull back to a longer time frame to get a clearer idea of the levels that could impact price following earnings. The most critical level is on the upside at $23. This area has been touched several times since May, but there hasn't been a strong enough fundamental catalyst to push the shares higher. If the news is stronger than already bullish expectations for the shares, a breakout above $23 would seem very likely. The 52-week high at $23.64 would also likely be taken out. Next resistance levels to watch as potential upside objectives would be at $24.32 and $25.94. The latter level hasn't been seen in over ten years. If the news isn't up to bullish expectations then the $21 level would be a first probable downside test. The $20 and $19 areas would be additional downside objectives with $19 having been important support over the course of the year.
10:01 EDTAMATOn The Fly: Analyst Upgrade Summary
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04:31 EDTAMATApplied Materials upgraded to Outperform from Neutral at Credit Suisse
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November 12, 2014
14:19 EDTAMATApplied Material volatility elevated into Q4 and holiday outlook
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November 11, 2014
16:01 EDTAMATOptions Update; November 11, 2014
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