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Stock Market & Financial Investment News

News Breaks
November 29, 2012
10:20 EDTINTC, BRCMBroadcom climbs, Intel falls after Citi changes Q4 estimates
Broadcom (BRCM) is advancing and Intel (INTC) is declining after Citigroup was upbeat about the former company and downbeat about the latter one in a note to investors earlier today. Citigroup analyst Glen Yeung raised his fourth quarter revenue estimate on Broadcom, and he expects the company to increase its guidance at its Analyst Day on December 6. The company is benefiting from greater availability of Apple's (AAPL) iPhone 5, and strong sales of Samsung devices, explained Yeung. Furthermore, Cisco's (CSCO) outlook earlier this month was "somewhat optimistic," said Yeung, who views Broadcom's fourth quarter guidance as conservative. The analyst maintained a Buy rating on the stock. Conversely, Yeung reduced his price target on Intel to $21 from $23, and believes that the company is likely to report lower than expected fourth quarter results. Data indicates that computer notebook sales have been weak this quarter, explained the analyst, who maintained a Neutral rating on the shares. In early trading, Broadcom gained 0.65% to $32.37 and Intel fell 1.62% to $19.76.
News For BRCM;INTC From The Last 14 Days
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November 20, 2014
13:59 EDTINTCIntel remains a top pick at Wells Fargo
Wells Fargo says Intel's outlook for 2015 is "roughly consistent" with its estimates. It expects Intel's competitive strength to profitability and share value over the next several years. The firm views Intel as a top pick and keeps an Outperform rating on the stock.
12:34 EDTINTCIntel sees FY15 R&D spending approximately $20B, plus or minus $400M
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12:33 EDTINTCIntel sees FY15 CapEx approximately $10.5B, plus or minus $500M
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12:32 EDTINTCIntel sees FY15 gross margin 62%, plus or minus two points
12:32 EDTINTCIntel sees FY15 revenue growth in mid-single digits, consensus $57.78B
12:31 EDTINTCIntel raises annual dividend to 96c per share
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11:52 EDTINTCIntel CEO confirms organizational change made this week
The Wall Street Journal reported earlier this week that Intel has reorganized by combing its groups that handle personal computer chips with those used for smartphones and tablets, and Intel CEO Brian Krzanich confirmed the change during the company's investor day presentation.
11:32 EDTINTCIntel says high-end gaming segment among fastest growing in PCs
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November 19, 2014
10:29 EDTINTCGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
11:50 EDTINTCIntel November volatility elevated into investor meeting
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10:55 EDTINTCIntel to host investor meeting
Investor meeting to be held in Santa Clara, CA on November 20 at 11 am. Webcast Link
09:06 EDTINTCIntel to combine two groups in new 'Client Computing' unit, WSJ says
Intel plans to reorganize by combing its groups that handle personal computer chips with those used for smartphones and tablets, according to The Wall Street Journal, citing an email sent to employees by CEO Brian Krzanich. Intelís changes are scheduled to go into effect in early 2015, the report noted. Reference Link
06:08 EDTINTCIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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05:54 EDTBRCMStocks with implied volatility movement; URBN BRCM
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November 17, 2014
07:52 EDTINTCDepartment of Energy awards $425M for supercomputing technologies
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November 13, 2014
12:37 EDTBRCMBroadcom hits 52-week high after Goldman ups to Buy
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10:01 EDTBRCMOn The Fly: Analyst Upgrade Summary
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05:34 EDTBRCMBroadcom upgraded to Buy from Neutral at Goldman
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November 12, 2014
15:08 EDTINTCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTINTCIntel reports 427.7K share position in Rocket Fuel
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