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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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April 13, 2015
13:37 EDTINTCIntel technical notes ahead of results
The key technical feature on the 1-year chart is the potential large-scale bearish head and shoulders. That pattern began forming in October 2014. The neckline is at the $30 level. If the news is more bearish than anticipated and the $30 level is broken on the downside, the pattern will become active. Downside potential for the pattern if it remains active and completes is to the $23 to $22.50 area. On positive news, there is a smaller potential bullish inverted head and shoulders pattern that would become active above the $32.50 level which corresponds to the 50-day moving average. Upside potential for that pattern would be to the $35 to $35.50 level. Resistance above that area would be at $36.45.
April 12, 2015
19:07 EDTINTCCommerce Department block sales of Intel Xeon Phi chips to China, Gizmodo says
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16:46 EDTINTCIntel, Seagate may rise despite potentially weak earnings reports, Barron's says
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April 10, 2015
09:47 EDTINTCAltera holders can act by written consent to replace board, CNBC's Faber says
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06:26 EDTINTCAltera shares not worth close to Intel's offer, says Citigroup
Citigroup says Altera (ALTR) should have accepted Intel's (INTC) reported takeover offer of $54 per share as it believes the "stock is not worth close to that." Citi states Altera has had a history of overestimating its growth rate, and notes it is "still in shock" that Intel offered that high a price. The firm reiterates a Neutral rating on both names.
April 9, 2015
18:11 EDTINTCWorldwide PC shipments decline 6.7% in Q1, IDC says
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12:45 EDTINTCAltera report doesn't mean deal is off, says Raymond James
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12:22 EDTINTCIntel unit awarded contract by DOE's Argonne Leadership Computing Facility
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11:34 EDTINTCAltera calls active on report of no deal
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11:15 EDTAMATStocks with call strike movement; AAL AMAT
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10:49 EDTINTCAltera was offered $54 per share before turning down Intel, Bloomberg says
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09:36 EDTINTCActive equity options trading on open
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09:26 EDTINTCIntel falls after ending Altera talks, levels to watch
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09:06 EDTINTCIntel ends talks to acquire Altera, CNBC's Faber reports
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09:02 EDTINTCAltera talks ended with Intel, CNBC's Faber says
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05:44 EDTINTCIntel sales, margins could bottom in March quarter, says Wells Fargo
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April 8, 2015
20:17 EDTINTCAppeals court questions Google in patent dispute with Microsoft, Reuters says
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05:52 EDTAMATApplied Materials pullback a buying opportunity, says Deutsche Bank
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April 7, 2015
16:00 EDTAMATOptions Update; April 7, 2015
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09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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