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Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:45 EDTQCOM, SWKS, BRCM, AVGOAnalysts split on Broadcom outlook after baseband announcement
Shares of Broadcom (BRCM) are rising for a second day after the company indicated that it would look to sell or wind down its cellular baseband business, but analysts were divided on the company's outlook following the announcement. BEARISH TAKE: In a note to investors earlier today, Kevin Cassidy, an analyst at research firm Stifel, downgraded Broadcom to Hold from Buy. The loss of the baseband business could cause Broadcom's market share in connectivity products - including Wi-Fi, Bluetooth, GPS and NFC chips - to decline, Cassidy warned. Companies that will still be able to supply connectivity chips could gain market share at Broadcom;'s expense, the analyst suggested. Also bearish was Pacific Crest analyst Michael McConnell, who is concerned about the long-term outlook of Broadcom's connectivity business. The company is facing increased competition from integrated platforms in the middle and lower end smartphone market, while the higher end smartphone market is becoming saturated, McConnell believes. The fair value of Broadcom's stock could reach $45, but it is likely to trade around $35-$38 over the longer term, according to McConnell, who kept a Sector Perform rating on the shares. BULLISH TAKE: Wedbush analyst Betsy Van Hees wrote that Broadcom's decision addresses her biggest concern with the stock and should unlock considerable value. Although Broadcom's connectivity products could lose market share, the company would likely respond to such losses by intensifying its focus on the areas in which it has the most expertise and on emerging areas such as the Internet of Things, Van Hees contended. She upgraded the stock to Outperform from Neutral and upped her price target on the shares to $43 from $30. Meanwhile, research firm Cowen increased its price target on Broadcom to $39 from $32, saying that the company's exit from the baseband business could make it a better M&A candidate while allowing it to invest in other businesses.The firm kept an Outperform rating on the shares. WHAT'S NOTABLE: Another research firm, Sterne Agee, yesterday speculated that Qualcomm (QCOM), Avago (AVGO), and Skyworks (SWKS) could benefit from Broadcom's move. PRICE ACTION: In early trading, Broadcom rose 42c, or 1.2%, to $35.26.
News For BRCM;QCOM;AVGO;SWKS From The Last 14 Days
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March 30, 2015
06:59 EDTQCOMUnited Microelectronics begins construction of 12-inch fab, DigiTimes says
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March 27, 2015
11:08 EDTBRCMBroadcom downgraded to Buy from Strong Buy at Tigress Financial
10:31 EDTSWKSOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
05:49 EDTSWKSStocks with implied volatility movement; SWKS T
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March 26, 2015
11:05 EDTSWKSSkyworks falls, levels to watch
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10:56 EDTSWKSOptions with increasing implied volatility
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10:30 EDTSWKSSkyworks volatility elevated on share pullback
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08:26 EDTQCOMSemi stocks less likely to rebound now than in 4Q14, says Goldman
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06:28 EDTAVGOAvago pullback yesterday a buying opportunity, says Citigroup
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March 25, 2015
07:33 EDTQCOMQualcomm Life and AMC Health announce collaboration
Qualcomm Life, a subsidiary of Qualcomm, and AMC Health announced a collaborative effort to accelerate the transformation of chronic care and population health management by significantly enhancing connectivity and care coordination for at-risk patients, specifically those with heart failure, hypertension, diabetes, asthma or COPD, in a cost-effective manner. The companies will integrate Qualcomm Life's 2net Connectivity Platform with AMC Health's CareConsole care coordination platform.
March 24, 2015
09:11 EDTAVGOAvago volatility at low end of historic range as shares at record high
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07:21 EDTBRCMBroadcom pause in set-top box orders is temporary, says Macquarie
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March 23, 2015
06:19 EDTAVGOAvago price target raised to $160 from $131 at Citigroup
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March 20, 2015
07:24 EDTBRCMBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 18, 2015
11:25 EDTSWKSStocks with call strike movement; SWKS MU
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05:52 EDTQCOMQualcomm to play larger role for China smartphone production, DigiTimes says
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March 16, 2015
11:03 EDTAVGOAvago ships over 1M VCSEL channels
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10:02 EDTAVGOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at UBS... Avago (AVGO) upgraded to Buy from Neutral at DA Davidson... Francesca's (FRAN) upgraded to Buy at Janney Capital... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Jabil Circuit (JBL) upgraded to Buy from Hold at Cross Research... JetBlue (JBLU) upgraded to Outperform at Raymond James... King Digital (KING) upgraded to Overweight from Neutral at JPMorgan... L.B. Foster (FSTR) upgraded to Outperform from Neutral at Macquarie... NextEra Energy (NEE) upgraded to Buy from Hold at Deutsche Bank... Petrobras Argentina (PZE) upgraded to Buy from Neutral at BofA/Merrill... Qorvo (QRVO) upgraded to Buy from Neutral at DA Davidson... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Royal Gold (RGLD) upgraded to Overweight from Neutral at HSBC... Seagate (STX) upgraded at Needham... Standex (SXI) upgraded to Buy from Hold at BB&T... Union Pacific (UNP) upgraded to Outperform from Neutral at Macquarie... West Corp. (WSTC) upgraded to Outperform from Neutral at RW Baird... Xilinx (XLNX) upgraded to Buy from Hold at Drexel Hamilton... YPF (YPF) upgraded to Buy from Neutral at BofA/Merrill.
07:57 EDTAVGOAvago upgraded to Buy from Neutral at DA Davidson
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06:09 EDTQCOMStocks with implied volatility below IV index mean; CSCO QCOM
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