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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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November 18, 2014
10:55 EDTINTCIntel to host investor meeting
Investor meeting to be held in Santa Clara, CA on November 20 at 11 am. Webcast Link
09:06 EDTINTCIntel to combine two groups in new 'Client Computing' unit, WSJ says
Intel plans to reorganize by combing its groups that handle personal computer chips with those used for smartphones and tablets, according to The Wall Street Journal, citing an email sent to employees by CEO Brian Krzanich. Intelís changes are scheduled to go into effect in early 2015, the report noted. Reference Link
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
06:08 EDTINTCIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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November 17, 2014
07:52 EDTINTCDepartment of Energy awards $425M for supercomputing technologies
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November 14, 2014
07:55 EDTAMAT, TOELYApplied 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
15:08 EDTINTCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:19 EDTAMATApplied Material volatility elevated into Q4 and holiday outlook
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14:08 EDTINTCIntel reports 427.7K share position in Rocket Fuel
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November 11, 2014
16:01 EDTAMATOptions Update; November 11, 2014
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