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Stock Market & Financial Investment News

News Breaks
July 18, 2014
10:03 EDTWWW, RP, NUS, KEG, EQR, CLX, APC, AMD, SVLC, PTP, MAT, IRM, EOG, DDAIF, ADS, IGTE, SQM, ORLY, LPL, FBR, DNKN, AZO, AUOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMD (AMD) downgraded at BofA/Merrill... AU Optronics (AUO) downgraded to Underperform from Market Perform at Bernstein... Alliance Data (ADS) downgraded at RW Baird... Anadarko (APC) downgraded to Market Perform from Outperform at Bernstein... AutoZone (AZO) downgraded at Stifel... Clorox (CLX) downgraded to Neutral from Buy at BTIG... Daimler AG (DDAIF) downgraded to Neutral from Outperform at Credit Suisse... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Janney Capital... EOG Resources (EOG) downgraded to Market Perform from Outperform at Bernstein... Equity Residential (EQR) downgraded to Market Perform at Raymond James... Fibria Celulose (FBR) downgraded to Sell from Neutral at Goldman... Iron Mountain (IRM) downgraded at RW Baird... Key Energy (KEG) downgraded to Sector Perform from Outperform at Howard Weil... LG Display (LPL) downgraded to Underperform from Market Perform at Bernstein... Mattel (MAT) downgraded to Hold from Buy at Needham... Nu Skin (NUS) downgraded to Underperform from Neutral at BofA/Merrill... O'Reilly Automotive (ORLY) downgraded at Stifel... Platinum Underwriters (PTP) downgraded to Market Perform at Keefe Bruyette... RealPage (RP) downgraded at JMP Securities... SQM (SQM) downgraded to Neutral from Overweight at JPMorgan... SilverCrest (SVLC) downgraded to Neutral from Buy at Roth Capital... Wolverine World Wide (WWW) downgraded to Hold from Buy at Argus... iGATE (IGTE) downgraded to Reduce from Neutral at Nomura.
News For AMD;AUO;ADS;APC;AZO;DDAIF;CLX;DNKN;EOG;EQR;FBR;IRM;KEG;LPL;MAT;NUS;ORLY;PTP;RP;SQM;SVLC;WWW;IGTE From The Last 14 Days
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June 29, 2015
17:33 EDTAMDMicrosoft interested in AMD, KitGuru reports
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10:14 EDTAPCBP, Anadarko penalty appeals rejected by Supreme Court, Reuters reports
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10:09 EDTLPLOn The Fly: Analyst Upgrade Summary
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09:36 EDTAPCBP, Anadarko appeals on penalties rejected by Supreme Court, Reuters reports
The companies were rejected on appeals to avoid clean water act penalties related to the Deepwater Horizon spill, Reuters said.
09:23 EDTLPLLG Display upgraded to Buy from Neutral at UBS
08:21 EDTEOGEOG Resources outperformance likely to resume, says BMO Capital
After meeting with EOG, BMO Capital says that it has become more upbeat on the stock's outlook. The firm says that the company's production is expected to bottom in Q2, and it expects the stock to resume outperforming,.
June 26, 2015
17:22 EDTIGTEiGATE requests withdrawal of registration statement
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16:00 EDTAMDOptions Update; June 26, 2015
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11:56 EDTAMDStocks with call strike movement; RIG AMD
Transocean (RIG) November 20 call option implied volatility increased 2% to 43, AMD (AMD) October 3 call option implied volatility decreased 1% to 52 according to IVolatility.
June 25, 2015
17:56 EDTAMDMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
11:50 EDTAPCAnadarko, Jera in talks over Mozambique long-term gas import deal, Reuters says
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June 24, 2015
09:40 EDTLPLLG Display upgraded to Market Perform from Underperform at Bernstein
09:11 EDTAMDApplied Micro an affordable target for Qualcomm, says Summit Research
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June 23, 2015
12:54 EDTAMDPC concerns weighing on shares of Seagate, Western Digital
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08:30 EDTDDAIFFiat Chryslerís Alfa Romeo revamp key test to turnaround plan, Reuters says
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07:27 EDTDNKNJefferies to hold a conference
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June 22, 2015
17:04 EDTKEGKey Energy names Robert Drummond COO
Key Energy (KEG) Services announced that Robert Drummond has joined the company as president and COO, effective immediately. Drummond was formerly employed by Schlumberger (SLB) for 31 years, serving in various positions of increasing responsibility including management, business development and operations. He most recently served as president of Schlumberger Limited's North American business unit.
06:54 EDTDNKNDunkin' Brands and Darden are top picks heading into 2H 2015 at Credit Suisse
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06:30 EDTAMDAMD says not considering spinoff or break-up, ExtremeTech reports
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June 21, 2015
16:32 EDTAMDAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
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