New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:06 EDTNVDA, AMD, INTCAMD, Nvidia retreat after analyst downgrades shares
Shares of computer chip makers AMD (AMD) and Nvidia (NVDA) are falling after research firm Pacific Crest downgraded the stocks, saying that they will be hurt by weak PC sales. WHAT'S NEW: The number of computers sold is likely to drop 5%-10% next quarter, due to weak consumer demand and excess inventory, motherboard makers said, according to Pacific Crest analyst Michael McConnell. About 45% of AMD's chips are incorporated into consumer desktops, while less than 5% of them are used in corporate PCs, McConnell stated. Additionally, notebook manufacturers reported that AMD is losing share to Intel (INTC) in notebooks that cost less than $399, the analyst stated. Meanwhile, Nvidia (NVDA) has significantly increased sales targets for its high end Quadro graphics processing units this quarter, even though the high-end desktop GPU market is oversupplied, McConnell reported. As a result, the inventories of Nvidia's customers may be too high at the end of this quarter, the analyst warned. He downgraded AMD and Nvidia to Underperform from Sector Perform and kept a $35 price target and Outperform rating on Intel. The latter company is better positioned as it has less exposure to desktop PCs and benefits more from strong corporate PC demand than AMD and Nvidia, the analyst explained. PRICE ACTION: In late morning trading, AMD sank 3.5% to $3.95 and Nvidia fell 1.8% to $18.59, while Intel shares were little changed at $30.17.
News For AMD;NVDA;INTC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
10:17 EDTNVDAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aviva (AV) upgraded to Outperform from Market Perform at Bernstein... Basic Energy (BAS) upgraded to Buy from Accumulate at Tudor Pickering... BioDelivery Sciences (BDSI) upgraded to Buy from Neutral at Roth Capital... CVS Health (CVS) upgraded at SunTrust... CVS Health (CVS) upgraded to Buy from Neutral at SunTrust... EPR Properties (EPR) upgraded to Hold from Underweight at KeyBanc... Ensco (ESV) upgraded to Accumulate from Hold at Tudor Pickering... First Marblehead (FMD) upgraded to Buy from Neutral at Compass Point... GOL Linhas (GOL) upgraded to Outperform from Neutral at Credit Suisse... Medical Properties Trust (MPW) upgraded to Hold from Underweight at KeyBanc... NVIDIA (NVDA) upgraded to Neutral from Underperform at BofA/Merrill... NewStar Financial (NEWS) upgraded to Buy from Neutral at Sidoti... Orange SA (ORAN) upgraded to Buy from Hold at Deutsche Bank... Parker Drilling (PKD) upgraded to Buy from Accumulate at Tudor Pickering... Potash (POT) upgraded to Buy from Neutral at UBS... Teekay Tankers (TNK) upgraded to Buy from Neutral at BofA/Merrill... Tidewater (TDW) upgraded to Accumulate from Hold at Tudor Pickering... Unum Group (UNM) upgraded to Buy from Neutral at Compass Point... WPP PLC (WPPGY) upgraded to Buy from Neutral at Citigroup... Weatherford (WFT) upgraded to Buy from Hold at Tudor Pickering.
07:43 EDTNVDANVIDIA upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill upgraded NVIDIA (NVDA) to Neutral based on growth in parallel computing in the data center and benefits from cost-cutting in main discrete graphics by competitor AMD (AMD). Price target raised to $22 from $19.
07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
Subscribe for More Information
December 18, 2014
10:01 EDTINTC, AMDOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:16 EDTINTCIntel initiated with a Neutral at Citigroup
Subscribe for More Information
06:14 EDTAMDAMD initiated with a Sell at Citigroup
Subscribe for More Information
December 17, 2014
16:32 EDTAMDAMD enters into loan and security agreement
Subscribe for More Information
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
Subscribe for More Information
December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
December 12, 2014
15:14 EDTNVDANVIDIA management to meet with Wedbush
Subscribe for More Information
December 11, 2014
06:32 EDTAMDGlobalfoundries hope to win orders from Qualcomm and Apple, DigiTimes reports
Subscribe for More Information
06:26 EDTAMDAMD to expand into China Internet cafe market, DigiTimes reports
Subscribe for More Information
December 9, 2014
16:19 EDTAMDAMD announces move to NASDAQ
Subscribe for More Information
07:41 EDTAMDBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
07:22 EDTAMDBMO Capital to hold a conference
Subscribe for More Information
December 8, 2014
07:32 EDTAMDRaymond James to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use