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Stock Market & Financial Investment News

News Breaks
September 20, 2012
09:09 EDTSSNLF, AMATApplied Materials weakness creates buying opportunity, says Stifel Nicolaus
Stifel Nicolaus believes the sell-off in Applied Materials in response to a potential capex cut by Samsung (SSNLF) in 2013 was overdone. The firm thinks that Applied Materials' shares carry little risk at current levels and it maintains a Buy rating.
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August 18, 2014
09:16 EDTSSNLFSamsung mulls manufacturing smartphones in Jakarta, WSJ says
Samsung is contemplating whether or not to manufacture smartphones at its Jakarta, Indonesia facility, according to The Wall Street Journal, citing comments from a company spokeswoman in an e-mailed statement. Reference Link
06:03 EDTSSNLFAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
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August 15, 2014
11:42 EDTAMATApplied 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).
10:09 EDTSSNLFSony expected to debut Smartwatch 3 next month, GigaOM reports
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06:02 EDTSSNLFSamsung acquires home automation startup SmartThings, terms not disclosed
SmartThings announced on its blog that it has been acquired by Samsung and will operate as an independent company within Samsung’s Open Innovation Center group. "It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers. We’re thrilled that Samsung fully supports this vision.We will continue to run SmartThings the way we always have: by embracing our community of customers, developers, and device makers and championing the creation of the leading open platform for the smart home. Our growing team will remain fully intact and will relocate to a new headquarters in Palo Alto, CA. In short: SmartThings will remain SmartThings." Reference Link
August 14, 2014
19:08 EDTAMATOn The Fly: After Hours Movers
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16:04 EDTAMATApplied Materials sees Q4 adjusted EPS 25c-29c, consensus 26c
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16:03 EDTAMATApplied Materials reports Q3 adjusted EPS 28c, consensus 27c
Reports Q3 revenue $2.27B, consensus $2.29B. Reports Q3 orders of $2.48B, up 24% year over year led by SSG year-over-year order growth of $362M. Reports Q3 adjusted gross margin 45.5%, up 260 basis points year over year.
15:03 EDTAMATNotable companies reporting after market close
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11:50 EDTAMATApplied Materials technical comments ahead of earnings
The stock has outperformed the broader averages in the prior three months, trading up over 11%. The trend has been mixed in the interval, with a strong bullish trend initially followed by a bearish dip in the last several weeks. Current price is near the middle of the range for the quarter at $18.50 at the low and $23 at the high. Those two bounds give us some objective measure for determining where price may go depending on the nature of the earnings news. On better than expected results or guidance, a run back to $23 could be expected. The 52-week high is at $23.46. If that were taken out on the upside on a major positive surprise, next resistance would be at $24.41, a price last seen in 2004. If the news disappoints, a test down to the low of the range at $18.50 can be expected. A breakdown below $18 would snap the uptrend in place for the last two years. Support in that event would be at $17.55.
07:19 EDTAMATApplied Materials August volatility increases into Q3 and outlook
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06:19 EDTSSNLFLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
August 13, 2014
16:00 EDTAMATOptions Update; August 13, 2014
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06:16 EDTSSNLFIC vendors seeking wafer production at houses other than TSMC, DigiTimes says
More fabless IC vendors are seeking wafer production capacity at foundry houses other than TSMC (TSM) such as Samsung (SSNLF), Globalfoundries, United Microelectronics (UMC) and Semiconductor Manufacturing (SMI), reports DigiTimes. According to industry sources, the move to seek wafer production at other foundry houses is due to extremely tight productoin at TSMC where 8- and 12-inch wafers are currently fully booked. Reference Link
06:05 EDTAMATApplied Materials implied volatility of 41 at upper end of index mean range
August 12, 2014
06:44 EDTSSNLFAU Optronics facing tough battle in UHD TV panel market, DigiTimes says
AU Optronics and Innolux are facing an uphill battle in the UHD TV panel market as it tries to increase its global share, reports DigiTimes. According to sources with supply chain makers, their production capacities are fully occupied and it is difficult to increase output. In addition, the companies are seeing growing support from TV vendors for Samsung Display (SSNLF) and LG Display (LPL). Reference Link
August 11, 2014
06:11 EDTAMATApplied Materials implied volatility of 40 at upper end of index mean range
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August 8, 2014
07:06 EDTSSNLFSamsung, Barnes & Noble holding press event on August 20, Business Insider says
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06:05 EDTAMATApplied Materials implied volatility of 40 at upper end of index mean range
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August 7, 2014
07:23 EDTSSNLFSamsung pushed to revamp itself as smartphone sales falter, Reuters says
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