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Stock Market & Financial Investment News

News Breaks
January 15, 2014
10:00 EDTCMCSA, STO, SUSP, SYA, TER, WDC, XLNX, MWV, LPI, SNX, RHI, DKS, EXR, FMC, HTGC, INTC, LAZ, PCG, PRI, FTNTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Comcast (CMCSA) upgraded to Overweight from Equal Weight at Morgan Stanley... Dick's Sporting (DKS) upgraded to Outperform from Neutral at Credit Suisse... Extra Space Storage (EXR) upgraded to Buy from Hold at Cantor... FMC Corporation (FMC) upgraded to Buy from Neutral at Longbow... Hercules Technology (HTGC) upgraded to Buy from Hold at Wunderlich... Intel (INTC) upgraded to Outperform from Market Perform at BMO Capital... Lazard (LAZ) upgraded to Strong Buy from Outperform at Raymond James... PG&E (PCG) upgraded to Buy from Fair Value at CRT Capital... Primerica (PRI) upgraded to Strong Buy from Outperform at Raymond James... Robert Half (RHI) upgraded to Buy from Neutral at SunTrust... SYNNEX (SNX) upgraded to Buy from Neutral at Citigroup... Statoil (STO) upgraded to Neutral from Reduce at Nomura... Susser Petroleum Partners (SUSP) upgraded to Outperform from Neutral at RW Baird... Symetra Financial (SYA) upgraded to Market Perform from Underperform at Raymond James... Teradyne (TER) upgraded to Outperform from Sector Perform at Pacific Crest... Western Digital (WDC) upgraded to Outperform from Sector Perform at Pacific Crest... Xilinx (XLNX) upgraded to Overweight from Equal Weight at Barclays... MeadWestvaco (MWV) upgraded to Buy from Neutral at BofA/Merrill... Laredo Petroleum (LPI) upgraded to Accumulate from Hold at Tudor Pickering... Fortinet (FTNT) upgraded to Outperform from Neutral at Wedbush.
News For CMCSA;DKS;EXR;FMC;HTGC;INTC;LAZ;PCG;PRI;RHI;SNX;STO;SUSP;SYA;TER;WDC;XLNX;MWV;LPI;FTNT From The Last 14 Days
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October 14, 2014
16:02 EDTINTCIntel reports Q3 gross margin 65%
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16:02 EDTINTCIntel sees Q4 revenue $14.7B, plus or minus $500M, consensus $14.49B
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16:01 EDTINTCIntel reports Q3 EPS 66c, consensus 65c
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15:29 EDTINTCNotable companies reporting after market close
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14:45 EDTINTCEarnings Preview: Intel to report after Microchip correction warning
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12:31 EDTINTCIntel October 32.5 straddle priced for 6% move into Q3
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11:39 EDTINTCIntel technical comments ahead of earnings
The shares have outperformed the broader averages over the last three months. Removing today's bounce, the stock has been flat against the down performance of the averages. The trading pattern for the stock when viewed with a three-month window has been up sharply, sideways, and down sharply. That doesn't leave a great deal of room for trend interpretation other than traders being cautious into results. When we pull back to a 1-year view, the technical picture is strikingly different. Almost all of the gains in shares this year, up over 34% excluding today, has come since the early summer. That sharp rise then developed into a bearish rounding formation viewed on a closing basis. On an OHLC chart, the formation instead is an Island Top. That is, a bullish gap, the sideways move previously described, and a bearish gap from yesterday. That leaves the price action of the last several months isolated, an island, within the context of the longer term uptrend. Island Tops are usually considered extremely bearish on a technical basis, suggesting the up move has exhausted itself in a blow-off. If the news on earnings and outlook supports this bearish price interpretation, there could be significant downside risk. Levels to watch on the downside would be at $31.80, the bottom of the bullish gap from July, $30,03, and $28.10, the bottom of the bullish gap from June. A break below $28 might leave the shares back in the $24 to $26 range characteristic of the price action at the start of the year. If the news is positive, the first major resistance is at the 52-week high at $35.56 and then at $37.15.
10:10 EDTINTCChip makers rise following Skyworks positive preannouncement
Shares of a number of semiconductor makers are climbing after one of the companies in the sector, Skyworks (SWKS), preannounced stronger than expected results. WHAT'S NEW: Skyworks, which develops chips for cell phones, raised its fourth quarter earnings per share outlook to $1.08 from $1.00. Analysts' consensus estimate was $1.01. The chip maker increased its Q4 revenue guidance to $718M from $680M. Analysts' consensus estimate was $679.5M. "Skyworks’ upwardly revised outlook demonstrates the broad-based strength of our business and our ability to capitalize on positive underlying market trends to connect everyone and everything, all the time,” said Skyworks CEO David Aldrich. "These multi-year technology trends are setting the stage for us to outperform the broader semiconductor industry in the December quarter and for the foreseeable future," the CEO added. WHAT'S NOTABLE: Skyworks' positive report comes less than a week after another semiconductor maker, Microchip (MCHP), preannounced lower than expected revenue and said it thought the sector had entered a correction. Semiconductor stocks have sold off sharply since Microchip's preannouncement and pessimistic comments. PRICE ACTION: In early trading, Skyworks surged 6.4% to $48.24, Intel (INTC) rose 1.5% to $31.94, NXP Semiconductors (NXPI) rose 1.2% to $54.55, STMicroelectronics (STM) advanced 2% to $6.82, and Avago Technologies (AVG) gained fractionally to $69.30.
09:04 EDTSTOStatoil, Exxon Mobil announce additional discovery offshore Tanzania
Statoil (STO) and co-venturer Exxon Mobil (XOM) announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
08:55 EDTXLNXBarclays top ideas in U.S. Semiconductors on the pullback
Barclays' top U.S. Semiconductor ideas to buy on the pullback are Avago (AVGO), Cavium (CAVM), Spansion (CODE), NXP Semiconductors (NXPI) and Xilinx (XLNX).
08:32 EDTEXRExtra Space Storage assumed with a Buy at Jefferies
Price target raised to $60 from $57.
07:24 EDTINTCIntel gains government ally in China with new deals, Reuters says
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06:29 EDTINTCTSMC and rivals racing to pack computer power in each chip, WSJ says
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October 13, 2014
10:08 EDTLAZOn The Fly: Analyst Upgrade Summary
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09:23 EDTFTNTHP could buy lower valuation company, says Bernstein
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08:10 EDTLAZLazard upgraded to Buy from Hold at Sandler O'Neill
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06:32 EDTCMCSAUniversal receives approval to open $3.27B theme park in Beijing, WSJ reports
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05:18 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company, or SCPC, 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company, or AGSC, to the Malaysian oil and gas company PETRONAS. The transaction value is $2.25B. Statoil's Q2 production from the Shah Deniz field was 38,000 barrels of oil equivalent per day. The effective date is January 1. The transaction is expected to be closed early 2015, subject to approval from the relevant authorities.
05:16 EDTSTOStatoil sells 15.5% share in Shah Deniz to PETRONAS for $2.2B
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October 12, 2014
15:54 EDTCMCSA21st Century Fox's 'Gone Girl' wins at box office with $26.8M, Bloomberg says
21st Century Fox's (FOX, FOXA) “Gone Girl” took first place at the box office this weekend taking in $26.8M, says Bloomberg. "Dracula Untold,” from Comcast's (CMCSA) Universal Pictures came in second this weekend taking in $23.5M, added Bloomberg. Reference Link
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