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Stock Market & Financial Investment News

News Breaks
July 22, 2014
12:53 EDTINTC, TOELY, SMI, AMATApplied Materials drops following report of opposition to merger
Shares of Applied Materials (AMAT) are falling after a website reported that Chinese authorities are opposing the company's proposed merger with Tokyo Electron (TOELY). However, two research firms said they still expect the merger to occur and remained upbeat on Applied Materials' outlook. Applied Materials makes equipment that enables the production of semiconductor and solar photovoltaic products. WHAT'S NEW: Applied Materials' proposed merger with Tokyo Electron is encountering strong opposition from Chinese regulators, DealReporter said earlier today, citing unnamed sources. However, Patrick Ho, an analyst at research firm Stifel, wrote that he remained confident that the deal will be approved without any changes. DealReporter's report is "pure speculation" and there are serious doubts about its validity, the analyst contended. The weakness in the stock today represents an opportunity for long-term investors, added Ho, who kept a $25 price target and Buy rating on the shares. Meanwhile, ISI Group analyst C.J. Muse wrote that DealReporter's story is "old news." Although Intel (INTC), Samsung and China's Semiconductor Manufacturing (SMI) oppose Applied Material's deal, there are ways of convincing them to drop their opposition, Muse wrote. Chinese regulators are likely to agree to remedies proposed by Applied Materials and the deal should close in October or November, according to the analyst, who also recommended buying Applied Material's stock on today's weakness. PRICE ACTION: In early afternoon trading, Applied Materials lost 1.1% to $22.66.
News For AMAT;TOELY;INTC;SMI From The Last 14 Days
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May 22, 2015
11:00 EDTINTCIntel may be launching next-gen Skylake chips in August, Apple Insider says
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09:34 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
08:33 EDTAMATSeveral companies to benefit from GLOBALFOUNDRIES capex, says Pacific Crest
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May 21, 2015
06:12 EDTAMATApplied Materials implied volatility of 21 at lower end of index mean range
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May 19, 2015
12:55 EDTINTCPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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11:15 EDTINTCAnalyst says Intel takeover of Altera more likely than not
Citi, in a note to investors today, said that the chances of Altera (ALTR) being acquired by Intel (INTC) were greater than 50%. The note comes after multiple news outlets reported yesterday that the two companies have resumed talks about Intel buying the smaller chip maker. ANALYST REACTION: News reports suggest that the odds of Intel buying Altera seem to have increased, wrote Citi analyst Christopher Danely. A deal is more likely to occur than not, according to the analyst. However, he does not believe that the transaction is a done deal. Moreover, the analyst kept a Neutral rating on Intel shares, saying that he does not anticipate changing his rating even if a takeover is consummated. In its own note on Altera this morning, Pacific Crest said it views the breakdown in Dennard scaling and Dark Silicon as an underappreciated positive for the maker of field-programmable gate arrays. The firm sees fair value for Altera at $55-$60 and still thinks that an acquisition by Intel makes sense strategically. PRICE ACTION: In late morning trading, Altera added 0.5% to $47.16, while Intel fell 1% to $33.06.
09:17 EDTINTCAltera has 'underappreciated' positive catalyst, says Pacific Crest
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08:34 EDTINTCApple introduces 15-inch MacBook Pro with Force Touch trackpad
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08:33 EDTINTCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
06:10 EDTINTCCiti sees over 50% chance of Intel buying Altera
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May 18, 2015
12:51 EDTINTCOn The Fly: Top stock stories at midday
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10:40 EDTINTCIntel, Altera held principal to principal talks late last week, Faber says
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09:11 EDTINTCIntel, Altera held 'principal to principal' talks last week, CNBC reports
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07:06 EDTINTCAltera back in talks with Intel about potential takeover, NY Post says
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May 15, 2015
11:57 EDTAMATApplied Materials jumps after reporting highest revenue in three years
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10:40 EDTAMATStocks with call strike movement; MU AMAT
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09:11 EDTAMATOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
08:33 EDTAMATApplied Materials reported strong Q2 results, says Pacific Crest
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06:30 EDTAMATApplied Materials outlook positive, downside limited, says Piper Jaffray
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06:13 EDTINTCISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
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