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Stock Market & Financial Investment News

News Breaks
July 18, 2014
11:42 EDTAMD, INTC, BRCM, MU, TXNAMD plummets after profit miss, analyst downgrades
Shares of semiconductor manufacturer Advanced Micro Devices (AMD) are sinking after the companyís second quarter profit trailed analystsí consensus estimates. It also received several analyst downgrades. WHAT'S NEW: Last night, Advanced Micro Devices reported second quarter adjusted EPS of 2c and revenue of $1.44B, compared to analystsí consensus estimates of 3c and $1.44B. Q2 gross margin was 35%. WHATíS NOTABLE: For the third quarter, AMD expects revenue to increase 2%, plus or minus 3%, sequentially, compared to consensus of $1.57B. ANALYST REACTION: This morning, analyst commentary was mixed. FBR Capital downgraded AMD to Market Perform from Outperform citing a lack of earnings visibility following the company's weaker than expected Q3 outlook. The firm lowered its price target for the shares to $4.50 from $6. Another firm, BofA/Merrill, also downgraded AMD to Underperform from Neutral. The firm downgraded shares and lowered estimates to reflect weak guidance and lack of visibility. It lowered its price target to $4 from $4.50. Conversely, Wedbush said AMDís fundamentals remain intact. After AMD reported lower than expected Q2 pro forma EPS, Wedbush says that Q2 was the fourth consecutive quarter for which the company demonstrated profitability, tight OpEx controls, and continued product execution. It thinks these trends are significantly positive and kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, AMD fell 81c, or about 17.6%, to $3.77 on nearly three times its average daily trading volume. Including todayís pull back, the stock has lost approximately 19% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor space include Intel (INTC), Broadcom (BRCM), Micron Technology (MU), and Texas Instruments (TXN).
News For AMD;INTC;BRCM;MU;TXN From The Last 14 Days
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September 9, 2014
07:26 EDTAMDDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 9 at 10:30 am; not all company presentations may be webcasted. Webcast Link
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
07:17 EDTINTCThe Wireless Association to hold a conference
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07:13 EDTINTCIntel to hold a forum
Annual Developers Forum: IDF 2014 to be held in San Francisco on September 9-11.
07:11 EDTINTCUBM Tech to hold a conference
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06:00 EDTAMDStocks with implied volatility top IV index mean; AMD YHOO
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September 8, 2014
13:18 EDTINTCIntel 'Grantley' line could drive server processor unit growth, says Wells Fargo
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13:15 EDTINTCIntel introduces Xeon processors for servers
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06:04 EDTAMDStocks with implied volatility top IV index mean; AMD YHOO
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September 5, 2014
16:12 EDTINTCFossil, Intel announce collaboration to develop innovation in wearable tech
Fossil Group (FOSL) and Intel Corporation (INTC) announced that they will be collaborating to further develop wearable technology for the fashion industry. Fossil Group will partner with Intel to identify, support and develop emerging trends in the wearable technology space. The companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer. In addition, Fossil Group will work closely with Intel Capital, Intelís global investment organization, to identify and evaluate co-investments in emerging technologies to accelerate industry innovation and stay at the forefront of the wearable consumer trend.
11:39 EDTINTCIntel launches Core M processor, available Holiday 2014
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11:32 EDTINTCApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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08:22 EDTINTCNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:54 EDTBRCMBroadcom price target raised to $50, shares attractive, says BofA/Merrill
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06:01 EDTAMDStocks with implied volatility top IV index mean; AMD YHOO
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September 4, 2014
12:50 EDTMUMicron's Adams says market different now due to consolidation, diversification
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09:06 EDTINTCHP, Intel, Dell announce creation of Redfish industry standard
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07:31 EDTINTCIntel management to meet with Deutsche Bank
Meeting to be held in Frankfurt on September 4 hosted by Deutsche Bank
06:53 EDTMUMicron reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of Micron with a Buy rating saying the company's improved profitability and free cash flow generation are sustainable. The firm has a $40 price target for shares.
06:40 EDTINTCApple, others restart discussions with tech staff in hiring suit, Reuters says
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