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Stock Market & Financial Investment News

News For ONE;S;AZZ;HA;STZ;CLWR;APOL;SKUL;DISH;STX From The Last 14 Days
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June 29, 2015
07:34 EDTAPOLApollo Education July volatility elevated into Q3 and outlook
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June 25, 2015
17:56 EDTSTXMicron 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).
16:42 EDTDISHFCC Chairman outlines changes to future spectrum auctions
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06:37 EDTSInternet Patents subsidiary awarded $30M in damages against Sprint Spectrum
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June 24, 2015
14:57 EDTAPOLApollo Education July volatility elevated into Q3 and outlook
Apollo Education July call option implied volatility is at 68. August is at 49; compared to its 52-week range of 27 to 67, suggesting large July price movement into the expected release of Q3 results on June 29.
June 23, 2015
18:43 EDTSSprint CTO Stephen Bye to depart July 24, FierceWireless says
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15:36 EDTSTZConstellation Brands July volatility low into Q1 and outlook
Constellation Brands July call option implied volatility is at 22, August is at 21, October is at 22; compared to its 52-week range of 16 to 31, suggesting low price movement into the expected release of Q1 results on July 2.
12:54 EDTSTXPC concerns weighing on shares of Seagate, Western Digital
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10:00 EDTHAOn The Fly: Analyst Downgrade Summary
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08:54 EDTSKULSkullcandy weakness overdone, says DA Davidson
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07:03 EDTHAHawaiian Holdings downgraded to Underweight from Equal Weight at Morgan Stanley
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06:25 EDTSTXWestern Digital downgraded to Neutral from Overweight at JPMorgan
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June 22, 2015
15:04 EDTDISHT-Mobile could abandon DISH for Comcast, Forbes contributor says
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June 17, 2015
17:40 EDTDISHComcast 'isn't interested' in T-Mobile, Washington Post says
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17:33 EDTSTZConstellation Brands to employ over 2,500 Mexican workers in Nava brewery
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10:22 EDTDISHComcast not interested in pursuing T-Mobile, DJ says
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10:13 EDTDISHDeutsche Telekom shopping T-Mobile to Comcast, FT reports
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07:26 EDTDISHDeutsche Telekom, Comcast in talks over possible T-Mobile sale, Reuters says
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June 16, 2015
19:17 EDTSTZConstellation Brands investing $2B in Mexican operation, Reuters says
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06:29 EDTAPOLApollo Group volatility increases into Q3 and enrollment outlook
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