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Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:08 EDTBRCM, PMCS, QCOM, INTCBroadcom falls after revenue guidance disappoints
Shares of semiconductor company Broadcom (BRCM) are falling after the mid-point of the company’s second quarter revenue outlook fell short of analysts’ consensus estimates. WHAT'S NEW: Last night, Broadcom reported first quarter adjusted earnings per share of 51c and revenue of $1.98B, against consensus views of 46c and $1.96B, respectively. WHAT’S NOTABLE: The mid-point of the company’s Q2 revenue outlook, $2B-$2.1B, fell short of the consensus of $2.07B. Broadcom also forecast Q2 adjusted product gross margin would incease 75bps-175bps, sequentially. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Needham downgraded Broadcom to Hold from Buy. The firm said Q1 results and Q2 outlook indicated Mobile & Wireless growth is stalling and it noted management backed away from its prior connectivity growth expectations. Conversely, Bernstein thought Broadcom reported strong Q1 results. Bernstein thought the company's LTE business remains frustrating, but can still perform well over the longer term. The firm thought the stock's valuation was attractive. It raised its price target on the shares to $35 from $33, and kept an Outperform rating on the stock. PRICE ACTION: In morning trading, Broadcom fell $1.54, or about 5%, to $29.60 on heavy trading volume. Including today’s pull back, the stock has lost approximately 14% over the past twelve months. OTHERS TO WATCH: Others in the semiconductor space include Qualcomm (QCOM), PMC-Sierra (PMCS) and Intel (INTC).
News For BRCM;QCOM;PMCS;INTC From The Last 14 Days
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February 25, 2015
05:54 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 24, 2015
07:19 EDTBRCMSusquehanna to hold a summit
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06:06 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 23, 2015
09:59 EDTINTCOn The Fly: Analyst Initiation Summary
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08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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06:11 EDTQCOMStocks with implied volatility below IV index mean; FOSL QCOM
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February 22, 2015
17:25 EDTQCOMChip designer CEVA takes on Qualcomm in China, Bloomberg says
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February 20, 2015
11:47 EDTQCOMQualcomm mentioned positively at Pacific Crest
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04:50 EDTQCOMStocks with implied volatility movement; QCOM KO
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February 19, 2015
10:15 EDTQCOMQualcomm spikes on activist speculation, levels to watch
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10:07 EDTQCOMQualcomm calls active on speculation of an activist investor stake
Qualcomm February 70 and 71 calls are active on 12K contracts (1K puts) on speculation of an activist investor stake. February call option implied volatility is at 20, March is at 19; compared to its 26-week average of 22 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTQCOMRumor: Qualcomm moves up on speculation of an activist investor stake
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February 18, 2015
08:43 EDTQCOMIAC, Qualcomm, Amazon seen as breakup candidates, Bloomberg says
Website holding company IAC/InterActiveCorp (IACI), chipmaker Qualcomm (QCOM), and e-commerce giant Amazon.com (AMZN) are all see by analysts as potential candidates for breakups or spin-offs, according to Bloomberg's "Real M&A" column. Reference Link
07:13 EDTQCOMNational Association of Regulatory Utility Commission to hold a meeting
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05:57 EDTQCOMStocks with implied volatility below IV index mean; MSFT QCOM
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February 17, 2015
17:02 EDTINTCSoros Fund Management gives quarterly update on stakes
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09:19 EDTINTCDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:22 EDTINTCMitsubishi UFJ to hold a tour
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05:55 EDTINTCIntel to delay launch of 14nm Skylake desktop CPUs, DigiTimes reports
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05:51 EDTQCOMStocks with implied volatility below IV index mean; MSFT QCOM
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