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Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:25 EDTANAD, ANAD, SWKS, SWKS, RSYS, RSYS, RFMD, RFMD, RDA, RDA, QCOM, QCOM, ONNN, ONNN, MRVL, MRVL, HITT, HITT, ENTR, ENTR, CAVM, CAVM, BRCM, BRCM, AVNW, AVNW, AVGO, AVGO, TQNT, TQNTDA Davidson's communications technologies analyst has a conference call
Communications Technologies Analyst Shah provides an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies ANAD, AVGO, AVNW, BRCM, CAVM, ENTR, HITT, MRVL, ONNN, QCOM, RDA, RFMD, RSYS, SWKS and TQNT may be included on the Analyst/Industry conference call to be held on January 14 at 11 am.
News For ANAD;AVGO;AVNW;BRCM;CAVM;ENTR;HITT;MRVL;ONNN;QCOM;RDA;RFMD;RSYS;SWKS;TQNT From The Last 14 Days
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May 22, 2013
09:17 EDTONNNON Semiconductor management to meet with Deutsche Bank
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08:09 EDTONNNON Semiconductor awarded Title III government funding for image sensor
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07:24 EDTBRCMNetEvents International to host a summit
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07:21 EDTBRCMMIT Sloan Alumni Club of Boston to hold a symposium
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May 21, 2013
07:32 EDTQCOMCTIA–The Wireless Association to host a conference
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May 20, 2013
12:20 EDTRFMDOptions with decreasing implied volatility: RFMD TTWO LO DDS A
10:11 EDTCAVMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel.
08:38 EDTAVGOAvago multiples poised to expand, says RBC Capital
RBC Capital expects Avago to report stronger than expected results but reiterate its guidance. The firm expects the stock's multiple to expand based on stronger mobile builds and share gains in improving markets. It keeps a $42 price target and Outperform rating on the stock.
07:32 EDTQCOMSociety for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24.
06:43 EDTCAVMCavium downgraded to Market Perform from Outperform at JMP Securities
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06:29 EDTCAVMCavium downgraded to Market Perform from Outperform at JMP Securities
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May 17, 2013
07:08 EDTMRVLMarvell Technology volatility elevated into Q1 and revenue outlook
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May 16, 2013
14:41 EDTBRCMBroadcom management to meet with JPMorgan
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13:23 EDTRDARDA Microelectronics management to meet with DA Davidson
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12:24 EDTCAVMOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
10:44 EDTBRCM, CAVMCisco results give boost to semiconductor names
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09:04 EDTMRVL, BRCM, AVGOCisco results positive for semiconductors space, says Brean Capital
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07:26 EDTENTRJPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link
07:07 EDTCAVM, BRCMCisco results positive for communications semi space, says William Blair
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May 15, 2013
17:46 EDTAVGOSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
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