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Stock Market & Financial Investment News

News Breaks
July 22, 2014
12:53 EDTSMI, AMAT, INTC, TOELYApplied 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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March 24, 2015
16:00 EDTAMATOptions Update; March 24, 2015
iPath S&P 500 VIX Short-Term Futures down 10c to 25.14 Option volume leaders: AAPL TSLA TWTR GILD FB AMAT GOOG C MRK GILD according to Track Data.
09:37 EDTINTCHouse Energy & Commerce Committee to hold a hearing
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08:12 EDTAMATApplied Materials April volatility elevated
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March 22, 2015
16:42 EDTINTC, AMATChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
07:24 EDTINTCBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
16:01 EDTAMATOptions Update; March 19, 2015
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10:46 EDTINTCChinese firms using IBM technology in server chips, WSJ says
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09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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March 17, 2015
05:58 EDTAMATStocks with implied volatility above IV index mean;
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March 13, 2015
17:58 EDTINTCIntel should be bought after recent slide, Barron's says
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09:50 EDTINTCActive equity options trading on open
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08:47 EDTINTCIntel shares look attractive, says Argus
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08:25 EDTINTCPacific Crest remains constructive on Intel
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08:17 EDTINTCMicrosoft price target lowered to $48 from $58 at Pacific Crest
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07:57 EDTINTCIntel shorts should not be closed, says Bernstein
After Intel issued a negative preannouncement based on unfavorable currency and weak business PC demand, Bernstein expects the company to report lower than expected gross margins. The firm calls the effects of currency fluctuations on demand for the company's products "worrisome," and it trimmed its price target on the name to $28 from $30. It says it would not close shorts on Intel "just yet," and keeps an Underperform rating on the shares.
07:48 EDTINTCIntel preannouncement a buying opportunity, says Jefferies
Jefferies says yesterday's negative preannouncement from Intel presents a "particular" buying opportunity. It believes the tech giant's gross margins will expand in the second half of 2015 and keeps a Buy rating on the name. The firm lowered its price target for shares to $48 from $50.
07:42 EDTINTCIntel upgraded to Buy at Canaccord
As previously reported, Canaccord upgraded Intel to Buy from Hold after its pullback yesterday, citing drastically improved fundamentals, including sustained foundry advantages and strong secular momentum. However, Canaccord lowered its price target to $38 from $40 on Intel shares.
07:27 EDTINTC, INTCIntel upgraded to Underperform from Sell at CLSA
CLSA upgraded Intel to Underperform with a $31 price target to reflect limited downside to shares.
06:23 EDTINTCIntel upgraded to Buy from Hold at Canaccord
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