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Stock Market & Financial Investment News

News Breaks
July 22, 2014
12:53 EDTTOELY, SMI, AMAT, INTCApplied 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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January 28, 2015
05:58 EDTINTCIntel cooperates with Spreadtrum, Rockchip to enter China market, DigiTimes says
Intel (INTC) has cooperated with and Rockchip Electronics to rpomote its platforms in the China market, reports DigiTimes. According to Taiwan-based supply chain makers, the move is to compete with Qualcomm (QCOM) and Mediatek for smartphone and tablet use chip solutions. Intel is set to ship 44M tablet processors in 2015. Reference Link
05:48 EDTINTCStocks with implied volatility movement; INTC QQQ
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January 27, 2015
13:43 EDTINTCIntel would not let AMD x86 license 'fall into hands' of China, Hesseldahl says
Following a Chinese language report claiming that Chinese company BLX IC Design could be interested in buying AMD (AMD), Re/code's Arik Hesseldahl said on Twitter that he believes there is "no way" Intel (INTC) would allow AMD's x86 license to fall into the hands of a China-based owner. AMD shares, which rose significantly yesterday, are up another 5.2% today in afternoon trading. Reference Link
13:16 EDTINTCAMD continues advance following Chinese report of takeover interest
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11:14 EDTINTCMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giantís commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
10:14 EDTINTCIntel drops after Microsoft results, levels to watch
Shares are down 4.6% to $34.15 at time of writing as Microsoft's (MSFT) results weigh on PC-related shares. At current price, next support is at $33, a recent pivot low. Resistance is at $34.79.
January 26, 2015
10:28 EDTINTCIntel trades down, testing lows of the recent range
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08:54 EDTINTCIntel management to meet with Deutsche Bank
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January 23, 2015
11:51 EDTAMATStocks with call strike movement; HAL AMAT
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06:20 EDTAMATApplied Materials, Tokyo Electron look to secure approval of combination
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06:04 EDTINTCIntel may look to form stylus alliance, DigiTimes reports
Intel has recently invited several touch sensor IC designers to form an alliance in order to establish a specification standard for stylus, reports DigiTimes. According to sources from IC designers, the alliance's first product is expected to launch in Q3 and will be to make the input device usable across different mobile devices. Reference Link
January 22, 2015
17:52 EDTAMATSemiconductor equipment stocks weaker after KLA-Tencor guidance
Shares of semiconductor equipment stocks are weaker in after-hours trading after KLA-Tencor (KLAC), which designs, manufactures, and markets process control and yield management solutions, issued third quarter guidance that was below consensus estimates. WHAT'S NEW: KLA-Tencor reported second quarter earnings per share of 68c on revenue of $676.4M. Both Q2 EPS and revenue were higher than analyst estimates of 52c and $664.27M, respectively. On its Q2 earnings conference call the company guided third quarter EPS of 63c-87c on revenue of $685M-$765M. Guidance for Q3 EPS and revenue were both notably lower than analyst estimates of 98c and $790.49M, respectively. PRICE ACTION: Shares of KLA-Tencor are lower by 5% to $67.45, while peers Applied Materials (AMAT) and Lam Research Corporation (LRCX) are both down about 0.5% in the after-hours session.
January 21, 2015
14:41 EDTAMATASML shares higher after reporting Q4 results, raising dividend
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07:44 EDTAMATApplied Materials coverage assumed with an Outperform at Credit Suisse
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07:15 EDTINTCAny Intel server weakness likely a hiccup, says RBC Capital
After JMP Securities yesterday downgraded Intel (INTC) based partly on information from a source who said that server component sales have been weak in 2015, RBC Capital says any weakness is probably due to a three month delay caused by a technical problem and is not demand driven. RBC Capital expects the technical problem to be resolved within three months but keeps a $40 price target and Sector Perform rating on Intel.
January 20, 2015
16:00 EDTAMATOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
11:15 EDTINTCIntel slips after JMP cuts to sell, Canaccord says upgrade not yet warranted
Following Intel's (INTC) fourth quarter results last week, two research firms issued cautious notes on the stock today. JMP Securities downgraded the stock to Underperform, which is the firm's "Sell" equivalent rating, while Canaccord kept a Hold rating on the shares, though the latter firm said its outlook on the company's fundamentals is continuing to become more positive and raised its price target on the name. WHAT'S NEW: Intel's Q4 results were "mixed," but the company's fundamentals appear to have improved, Canaccord analyst Matt Ramsay wrote in a note to investors today. The company's data center group and Internet of Things group should generate sustained 15%+ and 20%+ growth, respectively, over the next several years, the analyst stated. Meanwhile, Intel's PC client group should be able to cut costs further, Ramsay believes. The analyst said he had "intended to upgrade the stock" after the results, given his long-term upbeat view of the company, but was unable to do so. Ramsay explained that he changed his mind because he does not think the company's profits will increase at all this year, while the stock largely already reflects his expectations for solid profit growth in 2016. The analyst increased his price target on the shares to $40 from $36 but kept a Hold rating on the stock. More bearish was JMP Securities analyst Alex Gauna. Gauna downgraded the stock to Underperform from Market Perform and set a $30 price target on Intel. After speaking with a source who sells server components, the analyst reported that the source's business has been weak this month. Weak server component sales are likely to pull down Intel's stock, given its relatively high valuation, the analyst stated. Meanwhile, Intel's gross margins have probably peaked, Gauna believes. PRICE ACTION: In morning trading, Intel fell 1.7% to $35.82.
08:07 EDTINTCIntel downgraded at JMP Securities
As noted earlier, JMP Securities downgraded Intel to Underperform from Market Perform. The firm reports that industry sources said there has been a sharp downturn in server activity going into 2015.
07:59 EDTINTCIntel upgrade not warranted due to lack of EPS growth, says Canaccord
Canaccord said it intended to upgrade Intel following its mixed Q4 results, but with estimates for essentially no earnings growth in 2015, the firm could not justify it. As a result, Canaccord raised its price target to $40 from $35 on Intel shares and maintained its Hold rating, but noted it stands ready to upgrade the stock on a pullback.
06:12 EDTINTCIntel downgraded to Underperform from Market Perform at JMP Securities
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