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Stock Market & Financial Investment News

News Breaks
November 29, 2012
10:00 EDTWDC, ARUN, ULTI, OAS, WX, VAL, VMW, TXN, NTAP, RPM, MXIM, LNCO, JAZZ, EMC, CHTROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Charter (CHTR) initiated with a Buy at UBS... EMC (EMC) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at CLSA... Jazz Pharmaceuticals (JAZZ) initiated with a Buy at UBS... LinnCo (LNCO) initiated with a Buy at Citigroup... Maxim Integrated (MXIM) initiated with a Buy at SunTrust... NXP Semiconductors (NXPI) initiated with a Buy at SunTrust... NetApp (NTAP) initiated with an Underperform at CLSA... RPM (RPM) initiated with an Overweight at Morgan Stanley... Texas Instruments (TXN) initiated with a Reduce at SunTrust... VMware (VMW) initiated with a Buy at CLSA... Valspar (VAL) initiated with an Underweight at Morgan Stanley... WuXi PharmaTech (WX) initiated with an Overweight at Barclays... Oasis Petroleum (OAS) initiated with a Buy at Ladenburg... Ultimate Software (ULTI) initiated with an Outperform at Northland Securities... Aruba Networks (ARUN) initiated with a Hold at Craig-Hallum... Western Digital (WDC) initiated with a Market Perform at Wells Fargo.
News For CHTR;EMC;JAZZ;LNCO;MXIM;RPM;NTAP;TXN;VMW;VAL;WX;OAS;ULTI;ARUN;WDC From The Last 14 Days
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October 20, 2014
14:29 EDTTXNEarnings Preview: Texas Instruments down 9% over last three months
Semiconductor maker Texas Instruments (TXN) is expected to report third quarter earnings after the close on Monday, October 20, with a conference call scheduled for 5:30 pm ET. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $3.46B. The consensus range is 66c-74c for EPS on revenue of $3.44B-$3.5B, according to First Call. Along with its last earnings report, Texas Instruments guided to Q3 EPS of 66c-76c on revenue of $3.31B-$3.59B. LAST QUARTER: On July 21, Texas Instruments reported second quarter EPS of 62c, which was higher than analysts' consensus of 59c. The company's revenue of $3.29B exceeded analysts' expectation of $3.27B. Texas Instruments noted that the restructuring changes which occurred in Q2 are positioned to be nil in Q3 and noted that it anticipated utilization in Q3 to remain consistent with Q2 levels. NEWS: On September 18, Texas Instruments increased its quarterly dividend by 13% to 34c. WHAT'S NOTABLE: After the close on October 9, Microchip (MCHP), which develops microcontroller and analog semiconductors, said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future." STREET RESEARCH: Analysts were fairly quiet on Texas Instruments during the quarter. The day after the company issued its Q2 earnings report, Sterne Agee believed that Texas Instruments' commentary on 4G telecom, auto and industrial strength should be positive for Spansion (CODE). RBC Capital noted on the same day that Texas Instruments had "strong" Q2 results, particularly in its execution, while its operating margin leverage was "impressive. The firm maintained a $57 price target and Outperform rating on the stock. On July 24, Tigress Financial upgraded Texas Instruments to Neutral from Underperform. PRICE ACTION: Over the last three months, Texas Instruments' shares are down about 9%. Since October 10, the day after Microchip's warning on the industry correction it believes has begun, Texas Instruments shares are down over 3%. In afternoon trading before tonight's report, Texas Instruments was up 1.7% to $44.41.
12:10 EDTTXNTexas Instruments technical notes ahead of earnings
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09:59 EDTEMCEMC weekly volatility elevated into Q3 and outlook
EMC October weekly call option implied volatility is at 52, November is at 29, December is at 26, January is at 25; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 22.
08:45 EDTTXNTexas Instruments volatility elevated into Q3 and outlook
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07:10 EDTWXAmerican Society of Human Genetics to hold annual meeting
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October 19, 2014
12:14 EDTWDCWestern Digital looks like inexpensive big data play, Barron's says
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October 17, 2014
14:24 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
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08:00 EDTCHTRHBO may have fight with cable operators over OTT service price, Reuters says
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07:53 EDTJAZZJazz Pharmaceuticals shares 'signifincantly undervalued,' says FBR Capital
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October 16, 2014
08:34 EDTVMWVMware and Jasper announce collaboration to streamline enterprise adoption
VMware and Jasper announced a collaboration to make it easy for enterprises to deploy, monitor, manage and secure connected devices across the Internet of Things and enterprise mobility management. The collaboration between VMware and Jasper will aim to give organizations broader control and visibility over their connected devices in the enterprise, and enables them to make smarter, real-time operational decisions. The collaborations are set to be available in 2015.
October 15, 2014
12:36 EDTEMCOn The Fly: Midday Wrap
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09:20 EDTEMCOn The Fly: Pre-market Movers
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08:15 EDTEMCHP resumes buyback with EMC merger talks reportedly over
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06:14 EDTEMCHP, EMC halt merger agreement discussions, Reuters says
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October 14, 2014
11:28 EDTLNCOOptions with increasing implied volatility
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09:02 EDTTXNTexas Instruments shipped over 22B units of copper wire bonding technology
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05:51 EDTVMWBrocade announces collaboration with VMware
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October 13, 2014
16:55 EDTEMCEMC to acquire cloud-computing firm Cloudscaling, Bloomberg reports
EMC is acquiring cloud-computing startup Cloudscaling, which helps companies manage computers that are tied together by OpenStack, says Bloomberg Businessweek. The purchase price is less than $50M, added Bloomberg Businessweek. Reference Link
07:15 EDTEMCNational Association of Corporate Directors to hold a conference
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05:57 EDTTXNStocks with implied volatility movement; SMH TXN
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