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Stock Market & Financial Investment News

News Breaks
August 15, 2014
11:42 EDTLRCX, KLAC, AMAT, KLICApplied 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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December 19, 2014
10:12 EDTLRCXHigh option volume stocks
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09:37 EDTAMATActive equity options trading
Active equity options trading according to Track Data: AAPL TSLA BBRY AMZN CELG GILD JCP AMAT FB
December 18, 2014
10:01 EDTLRCXOn The Fly: Analyst Upgrade Summary
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09:35 EDTAMATActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
06:32 EDTLRCXLam Research upgraded to Buy from Neutral at Citigroup
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06:30 EDTAMATApplied Materials added to Focus List with $36 target at Citigroup
Citigroup added Applied Materials to its Focus List and raised its price target for shares to $36 from $26. Citi says it has increased confidence in the Tokyo Electron merger closing in the first half of 2015, which it believes will unlock $2.50 per share in combined earnings power in 2016. The firm keeps a Buy rating on AMAT.
December 14, 2014
17:21 EDTLRCXNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 9, 2014
10:19 EDTLRCXHigh option volume stocks
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10:08 EDTLRCXHigh option volume stocks
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07:14 EDTAMATApplied Materials price target raised to $29 from $25 at Stifel
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December 8, 2014
16:00 EDTAMATOptions Update; December 8, 2014
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10:00 EDTKLACOn The Fly: Analyst Initiation Summary
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10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
07:48 EDTLRCXLam Research price target raised to $92 from $80 at BofA/Merrill
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06:58 EDTLRCXLam Research price target raised to $95 from $81 at Deutsche Bank
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06:40 EDTAMATApplied Materials upgraded to Buy from Hold at Deutsche Bank
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06:35 EDTKLACKLA-Tencor initiated with a Hold at Deutsche Bank
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