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Stock Market & Financial Investment News

News Breaks
January 28, 2013
15:24 EDTSTX, DLA, ZION, PCL, CR, YHOO, GGG, BMCCompanies reporting After the Market Close on Monday, January 28
Notable companies reporting after the closing bell on Monday include BMC Software (BMC), Crane (CR), Delta Apparel (DLA), Graco (GGG), Plum Creek Timber Company (PCL), Seagate Technology (STX), Yahoo! (YHOO), and Zions Bancorporation (ZION).
News For BMC;CR;DLA;GGG;PCL;STX;YHOO;ZION From The Last 14 Days
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June 29, 2015
08:08 EDTSTXJefferies sees recent weakness as attractive entry point in PC names
Jefferies analyst James Kisner cut his PC unit expectations for 2015 and 2016, citing recent negative data points including Micron's (MU) commentary and guidance, but added that he believes PC names may be finding a bottom and that the pullback in Western Digital (WDC), Seagate (STX), and HP (HPQ) creates an attractive entry point in all three stocks. Kisner sees the most potential upside in Western Digital, but lowered his price target on its shares to $116, and said HP may have the least potential downside, cutting his price target on the computer maker to $40.50. The firm keeps Buy rating on both HDD makers and on HP.
June 26, 2015
11:09 EDTYHOOYahoo July volatility at low end of 52-week range as shares pullback
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10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
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10:00 EDTZIONOn The Fly: Analyst Upgrade Summary
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06:51 EDTZIONZions Bancorp upgraded to Outperform from Neutral at Credit Suisse
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06:20 EDTYHOOYahoo overhauls search engine for mobile browsers
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June 25, 2015
17:56 EDTSTXMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
16:53 EDTYHOOYahoo initiated with a Buy at Mizuho
Target $51.
11:38 EDTYHOOStocks with call strike movement; HAL YHOO
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06:08 EDTYHOOFacebook hires Yahoo's cybersecurity chief Alex Stamos
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June 24, 2015
12:06 EDTYHOOYahoo CEO says focused on search, communications, digital content
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12:01 EDTYHOOYahoo's Mayer says committed to success of Alibaba stake spin-off
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11:59 EDTYHOOYahoo CEO says 'incredibly pleased' with stock performance under current team
11:57 EDTYHOOYahoo CEO says mobile monthly active users up 20% year over year
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11:48 EDTYHOOYahoo CEO says Katie Couric signed multi-year contract renewal
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11:36 EDTYHOOYahoo CEO says Mozilla search pact a 'profitable' deal
Yahoo CEO Marissa Mayer is speaking during the company's annual meeting of shareholders.
11:20 EDTYHOOYahoo volatility at low end of 52-week range into shareholder meeting
Yahoo June weekly call option implied volatility is at 22, July is at 22, August is at 29, October is at 28; compared to its 52-week range 20 of 59, suggesting decreasing price movement into today’s shareholder meeting.
June 23, 2015
12:54 EDTSTXPC concerns weighing on shares of Seagate, Western Digital
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06:25 EDTSTXWestern Digital downgraded to Neutral from Overweight at JPMorgan
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June 19, 2015
16:37 EDTYHOOLocal receives notice of termination from Yahoo
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