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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:00 EDTESYJY, VOD, UNH, THOR, SD, FUEL, RLOC, PERI, NUS, NSPH, MNTX, XXIA, CPA, ATML, AET, ANADOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ANADIGICS (ANAD) downgraded to Hold from Buy at Craig-Hallum... Aetna (AET) downgraded to Neutral from Buy at Goldman... Atmel (ATML) downgraded to Neutral from Buy at BofA/Merrill... Copa Holdings (CPA) downgraded to Equal-Weight from Overweight at Evercore... Ixia (XXIA) downgraded to Hold from Buy at Jefferies... Manitex (MNTX) downgraded to Neutral from Buy at Global Hunter... Nanosphere (NSPH) downgraded at Craig-Hallum... Nu Skin (NUS) downgraded to Neutral from Overweight at JPMorgan... Perion Network (PERI) downgraded to Hold from Buy at Needham... ReachLocal (RLOC) downgraded to Neutral from Overweight at Piper Jaffray... Rocket Fuel (FUEL) downgraded to Equal Weight from Overweight at First Analysis... SandRidge Energy (SD) downgraded to Neutral from Accumulate at Global Hunter... Thoratec (THOR) downgraded to Neutral from Buy at BTIG... UnitedHealth (UNH) downgraded to Buy from Conviction Buy at Goldman... Vodafone (VOD) downgraded to Market Perform from Outperform at Raymond James... easyJet (ESYJY) downgraded to Equal Weight from Overweight at Barclays.
News For ANAD;AET;ATML;CPA;XXIA;MNTX;NSPH;NUS;PERI;RLOC;FUEL;SD;THOR;UNH;VOD;ESYJY From The Last 14 Days
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October 14, 2014
05:23 EDTVODVodafone initiated with a Buy at Deutsche Bank
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October 13, 2014
09:21 EDTNSPHOn The Fly: Pre-market Movers
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08:09 EDTNSPHNanosphere reports FDA clearance for Verigene EP Nucleic Acid Test
Nanosphere announced it has received 510(k) clearance from the FDA for its Verigene Enteric Pathogens Nucleic Acid Test, or EP, which now includes additional viral targets, as well as the bacterial and toxigenic targets cleared by FDA earlier this summer.
08:07 EDTATMLAtmel partners with IHR in automotive electronics
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07:25 EDTTHOREuropean Association of Cardiothoracic Surgery to hold annual meeting
28th EACTS Annual Meeting is being held in Milan, Italy on October 11-15.
07:15 EDTUNHNational Association of Corporate Directors to hold a conference
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October 10, 2014
11:27 EDTNUSPrescott General Patrners reports 4.3% passive stake in Nu Skin
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10:29 EDTATMLMicrochip CEO warning on industry correction sinks semiconductors
Shares of a number of semiconductor makers are falling sharply after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector had entered a correction. In a note to investors today, research firm FBR Capital said Microchip's comments "could be worrisome, " and the firm responded by taking a more defensive stance on the space. WHAT'S NEW: Microchip, which develops microcontroller and analog semiconductors, estimated that its second quarter revenue would come in at $546.2M, versus its previous guidance of $560.0M-$575.9M and analysts' consensus estimate of $568M. The company said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and built a significant amount of inventory in the distribution channel in the September quarter and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future. ANALYST REACTION: In a note to investors today, FBR Capital analyst Christopher Rolland said that Microchip's statements come in the wake of other negative signs for the sector. In August and September, lead times for the sector fell versus the month before, the analyst stated. Additionally, revenue trends at Taiwanese chip makers weakened in August, Rolland stated. The analyst said that Microchip's statements pushed him over the fence, causing him to take a more defensive stance on the sector. He removed ON Semiconductor (ONNN) from FBR's Top Picks list but kept an Outperform rating on the stock, as he believes that its valuation is "very reasonable." Rolland maintained Market Perform ratings on Atmel (ATML), Texas Instruments (TXN), Fairchild (FCS), AMD (AMD), and Applied Micro Circuits (AMCC). Sterne Agee also attributed weakness in the sector to Microchip's warnings, but the firm recommended buying NXP Semiconductors (NXPI), Avago (AVGO), and Skyworks (SWKS) due to their strong product cycles with EMV and upcoming iPhone-iPad launches from Apple (AAPL). In addition, the firm said it would buy Micron (MU) and SanDisk (SNDK) given tight supply, below normal inventory levels, and tailwinds from China. PRICE ACTION: In early trading, Microchip dropped nearly 14% to $39.29, Intel (INTC) fell almost 6% to $31.67, On Semiconductor slid 10% to $7.53, Atmel tumbled 11.5% to $6.61, Texas Instruments slipped 8% to $42.16, Fairchild slumped 10.6% to $12.95, AMD dropped 6% to $2.77, Applied Micro declined 10% to $6.19, and NXP Semiconductors was 14% lower to $55.27.
07:16 EDTRLOCAmerican Society of Plastic Surgeons to hold annual meeting
Annual Meeting of ASPS is being held in Chicago on October 10-14.
October 9, 2014
10:00 EDTVODOn The Fly: Analyst Downgrade Summary
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08:27 EDTVODVodafone downgraded to Reduce from Neutral at Nomura
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08:03 EDTAETWellPoint named top Managed Care pick at Jefferies
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06:33 EDTUNHMaximus appoints Kelly Clark as new Chief Information Officer
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October 8, 2014
06:48 EDTVODSwisscom mulls $6.3B Fastweb deal as Vodafone waits, Reuters says
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October 7, 2014
10:02 EDTUNHOn The Fly: Analyst Initiation Summary
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October 6, 2014
16:05 EDTUNHUnitedHealth initiated with an Overweight at Piper Jaffray
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15:50 EDTVODVodafone to hold a webinar
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15:48 EDTVODVodafone to hold a webinar
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14:53 EDTNUSHerbalife, Nu Skin jump to session highs
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05:57 EDTSDStocks with implied volatility above IV index mean; ADHD SD
Stocks with implied volatility above IV index mean; Alcobra (ADHD) 406, SandRidge Energy (SD) 64 according to iVolatility.
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