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Stock Market & Financial Investment News

News Breaks
January 25, 2013
13:34 EDTFFIV, CREE, TPX, MDRX, ISRGStocks with decreasing implied volatility; CREE ISRG TPX FFIV MDRX
News For CREE;ISRG;TPX;FFIV;MDRX From The Last 14 Days
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January 20, 2015
18:30 EDTCREEOn The Fly: After Hours Movers
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16:09 EDTCREECree says LED lighting market still in early stages
Cree (CREE) CEO Chuck Swoboda said in the company's earnings release, "We made solid progress in Q2 with operating margin higher than targeted due to an improvement in gross margins in our lighting business. The market for LED lighting is still in the early stages, our new product pipeline is strong, sales momentum is building and our brand is growing in the market. As evidenced by our significant share repurchases in Q2, we believe we are on the right track to continue to grow the company and increase profits over the next several years." Cree peers include SemiLEDs (LEDS) and Acuity Brands (AYI). Cree shares are up 6% in after-hours trading to $34.40 after reporting better than expected Q2 results.
16:03 EDTCREECree sees Q3 EPS 21c-25c, consensus 21c
Sees Q3 revenue $395M-$415M, consensus $404.42M. Sees Q3 non-GAAP gross margin 33.5%+/-.
16:02 EDTCREECree reports Q2 EPS 33c, consensus 22c
Reports Q2 revenue $413.2M, consensus $412.12M.
15:48 EDTCREECreeJanuary weekly 32 straddle priced for 10.5% movement into Q4
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15:21 EDTCREENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
15:15 EDTFFIVF5 Networks January volatility increases into Q1 and outlook
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14:58 EDTCREECree technical comments ahead of earnings
There has been a pause in the dominant downtrend that began in the fall of 2013 in recent weeks that has seen basing at the $30 area. That level is the key area to watch on the downside should news be more negative than traders appear to expect. A breakdown below the $30 level could lead to a test of the 52-week low at $27.25 that was hit during the October market lows last year. If there is a positive surprise, the stock has a great deal of work ahead to turn the trend even toward neutral on a longer-term basis. Resistance levels to watch as potential upside objectives are at $35.46 and $37.26 which is the high of the range prior to the bearish gap down from early October. It would take a move above the $40 area for the stock to be back on a more bullish price path. The shares have a history of volatile reactions around earnings events with price gaps which could exceed levels noted.
14:27 EDTCREECree January weekly 31 straddle priced for 9.9% movement into Q4
09:45 EDTCREE, CREECree estimates lowered ahead of Q2 report, says CLSA
CLSA lowered Cree estimates ahead of Tuesday's Q2 report following checks that indicate a lack of demand improvement in China LED demand. The analyst also sees risk to increased inventory build that could lead to a cut in fab utilization and reiterates its Underperform rating.
08:46 EDTCREECree January weekly volatility elevated into Q4 and outlook
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