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Stock Market & Financial Investment News

News Breaks
July 18, 2014
11:42 EDTMU, AMD, BRCM, TXN, INTCAMD plummets after profit miss, analyst downgrades
Shares of semiconductor manufacturer Advanced Micro Devices (AMD) are sinking after the company’s second quarter profit trailed analysts’ 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 analysts’ consensus estimates of 3c and $1.44B. Q2 gross margin was 35%. WHAT’S 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 AMD’s 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 today’s 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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April 14, 2015
16:06 EDTINTCIntel sees FY15 gross margin 61%
16:06 EDTINTCIntel reports Q1 gross margin 60.5%, down 4.9 point sequentially
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16:05 EDTINTCIntel reports Q1 Client Computing Group revenue down 16% sequentially
Down 8% y/y. Reports Q1 Data Center Group revenue down 10% sequentially, up 19% y/y.
16:04 EDTINTCIntel sees FY15 revenue approximately flat, consensus $55.69B
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16:03 EDTINTCIntel sees Q2 revenue $13.2B, plus or minus $500M, consensus $13.51B
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16:01 EDTINTCIntel reports Q1 EPS 41c, consensus 41c
Reports Q1 revenue $12.8B, consensus $12.9B.
16:00 EDTINTCOptions Update; April 14, 2015
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15:34 EDTINTCNotable companies reporting after market close
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15:13 EDTINTCIntel April 31.5 straddle priced for 4.1% movement into Q1
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09:19 EDTMUMicron management to meet with Brean Capital
Meeting to be held in Chicago on April 21 hosted by Brean Capital.
April 13, 2015
19:18 EDTINTCOn The Fly: After Hours Movers
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17:52 EDTINTCAltera holders Candid, Tig looking for sale to Intel, Bloomberg says
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16:48 EDTINTCAltera up 1.4% following Bloomberg report of holders pushing for sale to Intel
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16:45 EDTINTCAltera holders Candid, Tig looking for sale to Intel, Bloomberg says
14:18 EDTINTCIntel April option elevated into Q1 and outlook
Intel April call option implied volatility is at 51, May is at 27, June is at 22, October is at 21; compared to its 26-week average of 25 according to Track Data, suggesting large near term price movement into the release of Q1 results today on April 14.
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.
10:04 EDTBRCMBroadcom calls active on renewed takeover chatter
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09:52 EDTBRCMRumor: Broadcom strength attributed to renewed takeover speculation
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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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