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Stock Market & Financial Investment News

News Breaks
November 20, 2012
10:00 EDTHPQ, INTC, CLF, AMCX, PBR, GEF, ARMH, LPI, EMROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Cliffs Natural (CLF) downgraded to Sell from Neutral at Goldman... Emerson (EMR) downgraded to Perform from Outperform at Oppenheimer... Greif (GEF) downgraded to Market Perform from Outperform at Wells Fargo... Intel (INTC) downgraded to Neutral from Buy at UBS... Laredo Petroleum (LPI) downgraded to Market Perform from Outperform at BMO Capital... Petrobras (PBR) downgraded to Market Perform from Outperform at Raymond James... ARM Holdings (ARMH) downgraded to Outperform from Strong Buy at Raymond James... Hewlett-Packard (HPQ) downgraded to Market Perform from Outperform at Raymond James... AMC Networks (AMCX) downgraded to Below Average from Average at Caris.
News For CLF;EMR;GEF;INTC;LPI;PBR;HPQ;ARMH;AMCX From The Last 14 Days
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June 29, 2015
11:03 EDTINTCAnalyst says sell Qualcomm ahead of predicted price cuts
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10:11 EDTEMREmerson to buy Spectronix Ltd. for nearly $100M, Globes reports
Emerson Electric is set to buy Spectronix Ltd., an Israeli company which develops fire detection systems, for $99M, Globes reports. The purchase price consists of $79M in cash and $20M that will be distributed to investors as a dividend. Reference Link
10:02 EDTHPQHP deal for EMC 'more than a distinct possibility,' says Raymond James
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
08:08 EDTHPQJefferies 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.
06:08 EDTINTCIntel estimates lowered at Pacific Crest
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06:05 EDTHPQNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 26, 2015
16:16 EDTINTCOn The Fly: Top stock stories for Friday
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16:00 EDTINTCOptions Update; June 26, 2015
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10:00 EDTARMHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apogee Enterprises (APOG) downgraded to Market Perform from Outperform at Northland... Atlas Resource Partners (ARP) downgraded to Underperform from Neutral at BofA/Merrill... Bank of the Ozarks (OZRK) downgraded to Hold from Buy at Drexel Hamilton... China Cord Blood (CO) downgraded to Neutral from Buy at Roth Capital... Citizens Financial (CFG) downgraded to Neutral from Buy at Guggenheim... Community Health (CYH) downgraded to Market Perform from Outperform at Raymond James... Eagle Bancorp (EGBN) downgraded to Hold from Buy at Sandler O'Neill... Fifth Street Senior (FSFR) downgraded to Neutral from Buy at UBS... FireEye (FEYE) downgraded to Equal Weight from Overweight at Barclays... Insight Enterprises (NSIT) downgraded to Underperform at Raymond James... Micron (MU) downgraded to Neutral from Buy at Mizuho... SYNNEX (SNX) downgraded to Hold from Buy at Needham... Swatch Group (SWGAY) downgraded to Equal Weight from Overweight at Barclays... Target (TGT) downgraded to Market Perform from Outperform at BMO Capital... Zoetis (ZTS) downgraded to Market Perform from Outperform at BMO Capital.
09:46 EDTEMREmerson estimates lowered on negative May orders at Morgan Stanley
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09:41 EDTINTCIntel falls after weak Micron results and outlook
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09:36 EDTINTCActive equity options trading on open
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07:14 EDTINTCIntel estimates lowered following Micon report at Jefferies
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06:54 EDTARMHARM Holdings downgraded to Underperform from Market Perform at Bernstein
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June 25, 2015
17:56 EDTHPQ, INTCMicron 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).
13:31 EDTHPQWi-LAN unit enters into license agreement with Acuity Brands
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09:34 EDTINTCActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
June 24, 2015
17:57 EDTINTCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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11:01 EDTINTCHoneywell and Intel to collaborate for Internet of Things security
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09:35 EDTINTCActive equity options trading on open
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