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Stock Market & Financial Investment News

News Breaks
October 11, 2012
07:48 EDTAMCC, BRCM, FSL, AUTH, EZCHThe Linley Group to host a conference
Linley Tech Processor Conference 2012 is being held in San Jose, California on October 10-11.
News For AUTH;BRCM;EZCH;FSL;AMCC From The Last 14 Days
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January 29, 2015
16:10 EDTBRCMBroadcom sees Q1 revenue about $2B, plus or minus $75M, consensus $2.01B
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16:08 EDTBRCMBroadcom reports Q4 adjusted EPS ex-SBC 90c, consensus 87c
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15:37 EDTBRCMNotable companies reporting after market close
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January 28, 2015
12:52 EDTFSLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a blowout quarter from Apple (AAPL) offset a bit of the earnings season jitters that several Dow members' misses had sent through the market yesterday. The market saw its highs a short time after the open, as the better than expected earnings reports from both Apple and Boeing (BA) drove an early bounce. The U.S. averages gave up all their gains and moved into the red for a moment, but have managed to drift higher again following the close of the European markets. Next up is the Fed’s rate announcement and accompanying statement, which is due out shortly. ECONOMIC EVENTS: In the U.S., crude oil inventories built up by 8.87M barrels last week, versus the consensus forecast for a build of 3.85M barrels. The price of WTI crude was down 2.5% near noon following the report and dipped back below $45 per barrel earlier in the morning. The Federal Reserve’s rate announcement is due out this afternoon at 2:00 pm ET. COMPANY NEWS: Shares of Apple jumped nearly 8% after the tech giants first quarter results handily topped estimates. A number of analysts hiked their price targets for the stock after the report, with JPMorgan raising its price target for Apple shares to $140 from $112 and Cantor increasing its price target to a "Street high" $160 from $143. Of note, Apple also said that Apple Watch is expected to ship in April... Yahoo (YHOO) shares rose 2.3% after the company reported earnings and announced plans to split into two companies: one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA). Yahoo plans for a tax-free spin-off of the company's remaining 384M shares of Alibaba, valued at $40B based on the closing price on January 26, and people familiar with the matter told Financial Times that the decision "significantly increases" the chances of Alibaba buying back that stake. MAJOR MOVERS: Among the notable gainers was Abiomed (ABMD), which jumped 30% after announcing that the Impella RP System has received FDA approval under a Humanitarian Device Exemption and raising its FY15 revenue guidance. Also higher following their earnings reports were Freescale Semiconductor (FSL), which rose 20%, U.S. Steel (X), which gained 14%, and Electronic Arts (EA), which advanced 14%. Among the noteworthy losers was Pilgrim's Pride (PPC), which dropped 6% as its shares went "ex-special dividend," meaning investors buying the stock from here forth will not be entailed to the $5.77 per share special dividend, which is payable on February 17. Also lower following their earnings reports were Radware (RDWR), which fell over 13%, and Ethan Allen (ETH), which dropped more than 12%. INDEXES: Near midday, the Dow was up 71.28, or 0.41%, to 17,458.49, the Nasdaq was up 31.54, or 0.67%, to 4,713.03, and the S&P 500 was up 5.31, or 0.26%, to 2,034.86.
10:13 EDTFSLHigh option volume stocks
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09:59 EDTAMCC, FSLOn The Fly: Analyst Upgrade Summary
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09:15 EDTFSLOn The Fly: Pre-market Movers
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09:14 EDTAMCCApplied Micro Circuits upgraded to Hold from Sell at Craig-Hallum
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08:19 EDTFSLFreescale upgraded to Strong Buy with $45 target at Needham
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08:09 EDTFSLFreescale upgraded at Needham
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08:04 EDTFSLFreescale price target raised to $33 from $28 at RBC Capital
RBC Capital raised its price target on Freescale after the company reported higher than expected EPS but in-line revenue. The firm thinks that all aspects of the company's operating model are moving in the right direction. It keeps an Outperform rating on the stock.
07:43 EDTAMCCApplied Micro Circuits price target lowered to $8 from $11 at Canaccord
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07:20 EDTFSLFreescale price target raised to $37 from $31 at Bernstein
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06:02 EDTFSLFreescale upgraded to Strong Buy from Buy at Needham
January 27, 2015
18:20 EDTFSLOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:21 EDTAMCCApplied Micro Circuits reports Q3 EPS (9c), consensus (10c)
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16:13 EDTFSLFreescale sees Q1 revenue $1.135B-$1.185B, consensus $1.11B
Sees Q1 gross margins "essentially flat on a sequential basis."
16:13 EDTFSLFreescale reports Q4 adjusted EPS 42c, consensus 33c
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15:35 EDTFSLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
09:03 EDTEZCHMoSys, EZchip announce NPS, bandwidth engine collaboration
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