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Stock Market & Financial Investment News

News Breaks
March 11, 2013
08:08 EDTGLW, AVGOAvago, Corning announce optical connectivity collaboration
Avago Technologies (AVGO) and Corning Incorporated (GLW) announced collaboration on new optical cabling connectivity solutions. Together, Avago and Corning will provide and promote new optical connectivity solutions targeting next-generation networks and data centers. Avago will be showcasing a private demo of its new single-mode and multimode optics transceivers and embedded optics at 40G/100G and beyond using innovative optical connectivity solutions from Corning.
News For AVGO;GLW From The Last 14 Days
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July 30, 2015
17:40 EDTAVGOIRS not assuring Broadcom Holders that Avago takeover tax-free, WSJ says
The IRS is not assuring that the Avago (AVGO) takeover of Broadcom (BRCM) will be tax-free to Broadcom shareholders, says the Wall Street Journal. Reference Link
12:26 EDTAVGOAvago guided 2015 adjusted earnings above consensus
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July 29, 2015
07:53 EDTGLWDow Corning reports Q2 sales $1.42B, down 5% vs. last year
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July 28, 2015
12:14 EDTGLWCorning estimates, price target lowered at Cantor
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08:59 EDTGLWCorning sees FY15 Display market up 6%-8%, LCD Glass market up low single digits
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07:21 EDTGLWCorning sees Q3 Environmental Technologies and Life Sciences sales down slightly
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07:20 EDTGLWCorning sees Q3 Gorilla Glass volume up by high-single-digit percent
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07:19 EDTGLWCorning raises optical communications sales view to up in mid-teen percent
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07:17 EDTGLWCorning sees Q3 LCD glass volume up by low-single-digit persentage
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07:13 EDTGLWCorning reports Q2 core EPS 38c, consensus 37c
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July 27, 2015
15:30 EDTGLWCorning technical comments ahead of earnings
Shares have been in a well-defined downtrend since the highs of February of this year. If news continues to be bearish, the next support based on the current price of $18.43 would be at $17.56 and then at the 52-week low at $17.03. That low was also a pivot low from October of last year. Support below $17.03 would be at $16.55. If the news is a bullish surprise, the first resistance level of significance would be at the 30-day moving average at $19.73. This average is also a good proxy for the upper bound of the current bearish price channel. It would take a breakout above this level to turn the trend to bullish. Next resistance in that event would be at $20.94.
15:03 EDTGLWNotable companies reporting before tomorrow's open
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12:44 EDTGLWEarnings Watch: Corning expecting LCD glass volume up low single-digits
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11:53 EDTGLWCorning July weekly volatility increases into Q2 and outlook
Corning July weekly call option implied volatility is at 77, August is at 39, September is at 32; compared to its 52-week range of 17 to 37, suggesting large near term price movement into the expected release of Q2 results on July 28.
July 23, 2015
07:57 EDTGLWCorning July weekly volatility elevated into Q2 and outlook
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July 22, 2015
14:51 EDTAVGOEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
July 21, 2015
19:00 EDTAVGOOn The Fly: After Hours Movers
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16:27 EDTGLWCorning's Antimicrobial Gorilla Glass selected by ZTE
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