New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 18, 2014
09:03 EDTJKS, CMGE, ACHN, NXPI, INVN, LCI, FDO, HK, AMPE, MNST, DGOn The Fly: Pre-market Movers
HIGHER: Dollar General (DG), up 10.1% after proposing to acquire Family Dollar (FDO) for $78.50 per share. Family Dollar is up 5.2% following the news... Achillion (ACHN), up 6% after upgraded at Deutsche Bank... JinkoSolar (JKS), up 1.7% after reporting better than expected Q2 earnings results... Lannett (LCI), up 12.1% after announcing Q4, FY14 guidance that surpassed analysts' consensus... China Mobile Games (CMGE), up 89% after reporting Q2 earnings results... Ampio (AMPE), up 6.2% after announcing 6-week results of its Ampion study.. Halcon Resources (HK), up 2.7% after upgraded at MLV & Co. LOWER: Monster Beverage (MNST), down 1.7% after downgraded at Jefferies... InvenSense (INVN), down 2.4% after downgraded at Goldman... NXP Semiconductors (NXPI), down 3.4% after downgraded at Goldman...
Sign up for a free trial to see the rest of the stories you've been missing.
October 13, 2015
16:31 EDTDGDollar General announces corportate restructuring, to cut 225 positions
Subscribe for More Information
08:42 EDTINVNInvenSense coverage transferred with a Buy at Rosenblatt
Subscribe for More Information
October 12, 2015
11:29 EDTINVNBattleground: Analysts diverge on Apple with new iPhone forecasts
Two research firms had very different views on the outlook for Apple's (AAPL) iPhone sales today. Citing "surprisingly robust" demand in the U.S. and China" and "record iPhone share gains," Morgan Stanley raised its fiscal 2016 iPhone unit growth estimate to up 7% from up 3%. Meanwhile, Pacific Crest estimates that 67M iPhones will be shipped in the fourth quarter, versus the consensus outlook of 76M. BULLISH TAKE: After conducting surveys about smartphones in the U.S. and China, Morgan Stanley analyst Katy Huberty raised her fiscal 2016 iPhone unit growth estimate to 7% from 3%. Moreover, iPhone unit growth could realistically reach 12% in fiscal 2016 in a bullish scenario, the analyst stated. The percentage of U.S. consumers who expect to buy a smartphone over the next 12 months has risen compared with a year ago, Huberty reported. Meanwhile, China, where consumers replace their smartphones more often, is becoming a bigger part of the global smartphone market, she stated. Additionally, Apple's share of the high end smartphone market in China should increase 16 percentage points, while its share of the U.S. smartphone market should increase four percentage points, the analyst estimated. She raised her price target on Apple to $162 from $155 and kept an Overweight rating on the shares. BEARISH TAKE: After conducting checks with iPhone component makers, Pacific Crest analyst John Vinh reported that Apple, "in response to disappointing sales," had reduced its component orders for Q4 by about 15%. Based on his conversations with carriers, Vinh believes that initial sales of Apple's iPhone 6s have been below expectations. The analyst expects Q4 iPhone sales to come in at 67M versus the consensus estimate of 76M. WHAT'S NOTABLE: Vinh trimmed his estimates on iPhone component makers Analog Devices (ADI), ARM Holdings (ARMH), Avago (AVGO), InvenSense (INVN), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA). However, the analyst is upbeat on the longer term outlook for ARM Holdings, Avago and Skyworks and recommends buying those names on "any meaningful pullbacks." In conjunction with her note, Huberty recommended that investors own the shares of iPhone component makers Qualcomm (QCOM), Sony (SNE) and ARM Holdings, as well as those of SanDisk (SNDK), which develops flash memory used in the iPhone. PRICE ACTION: In late morning trading, Apple was flat near $112 per share.
08:17 EDTNXPINXP Semiconductors resumed with an Overweight at Morgan Stanley
Subscribe for More Information
07:59 EDTINVNEstimates lowered on iPhone component makers at Pacific Crest
Subscribe for More Information
October 7, 2015
05:38 EDTNXPINXP Semiconductors and Siemens announce systems partnership
Subscribe for More Information
October 6, 2015
10:43 EDTACHNOptions with decreasing implied volatility
Subscribe for More Information
October 5, 2015
15:28 EDTNXPICiti lowers iPhone unit sales estimates for Q4
Shares of Apple (AAPL) are underperforming a strong broader market rally after Citi lowered its fourth quarter iPhone unit sales estimates in a note to investors earlier. WHAT'S NEW: Not all of Apple's first weekend sales of iPhone 6S and 6S will be included in the company's Q4 earnings, Citi analyst Jim Suva wrote. Suva, who has a Buy rating and $145 target price on Apple shares, said that although first weekend sales of 13M units of iPhone 6S and 6S Plus exceeded sell side targets, Apple noted that not all of these units unit sales will be included in Apple's Q4 earnings given cut off of the reporting quarter. Only sales through Friday and Saturday of the weekend launch will be included in Q4. The remainder of the units sold on Sunday will be reported in December financial results, said Suva. As a result, Citi reduced its iPhone unit estimates to 47M from its prior view of 48M. This is below the Q4 consensus of 48M. The remaining units will be shifted to the December quarter. Citi expects many sell-side analysts to follow suit and lower their September quarter iPhone estimates in the weeks ahead before Apple reports on October 27. According to the Citi note, Apple share volatility will continue and the firm sees limited earnings and sales upside potential in the near-term causing some investors to exit the stock. The investment thesis for Apple is likely to shift from an iPhone "beat and raise" investment story to a gross margin upside story heading into a difficult comp year for iPhone 6S unit sales, Suva tells investors. He thinks any pullback will prove an attractive opportunity for long-term investors. WHAT'S NOTABLE: Late last week, an article from the DigiTimes said Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in Q3 and 65M-70M units in Q4.PRICE ACTION: In late afternoon trading, shares of Apple are underperforming broader market measures and are up 0.4% compared to a 1.75% gain for the S&P 500. OTHERS TO WATCH: Shares of Apple chip suppliers are also relatively weak, with Cirrus Logic (CRUS) down almost 4%, Skyworks Solutions (SWKS) sliding 2.5%, Qorvo (QRVO) trading near flat, Avago (AVGO) lower by 1.4%, and NXP Semiconductors (NXPI) down 0.25%.
October 1, 2015
12:44 EDTNXPIApple chip suppliers fall after report iPhone maker may lower chip orders
Shares of chip makers for Apple's (AAPL) iPhone are sliding after a DigiTimes article said the iPhone maker may curtail its chip orders for the fourth quarter. WHAT'S NEW: According to the DigiTimes report, Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in the third quarter and 65M-70M units in Q4. WHAT'S NOTABLE: On September 28, Apple announced it has sold more than 13M new iPhone 6s and iPhone 6s Plus models just three days after launch, a new record for the company. According to an iFixit report from September 25, a teardown of the new iPhone 6S Plus revealed components supplied by Qualcomm (QCOM), Skyworks (SWKS), Qorvo (QRVO), Avago (AVGO), NXP Semiconductors (NXPI), Cirrus Logic (CRUS) and Texas Instruments (TXN), among others. Other chip makers that have been mentioned as possible Apple suppliers in the past include Analog Devices (ADI), Maxim Integrated Products. (MXIM) and ON Semiconductor (ON). PRICE ACTION: In midday trading shares of the aforementioned chip makers are all lower with Qorvo, Avago, NXP and Analog Devices down approximately 4% to 5%. Apple is down about 1.4%.
September 30, 2015
06:51 EDTJKSJinkoSolar reaches settlement in securities class action
JinkoSolar announced that it had agreed, subject to court approval, to settle the previously disclosed class action lawsuit brought in 2011 on behalf of all purchasers of JinkoSolar's American Depositary Shares between May 13, 2010 and September 20, 2011. The settlement, if approved, will also resolve all related claims against JinkoSolar's officers and directors as well as the underwriters involved in JinkoSolar's public offerings during the relevant period. Under the terms of the proposed settlement, the members of the proposed class will receive a settlement fund of $5.05 million, less any court-approved fees. JinkoSolar will contribute a portion of the settlement fund, and JinkoSolar's insurers will fund the remaining portion. JinkoSolar will not take any charge in connection with the settlement. The plaintiffs had alleged, among other things, that certain of JinkoSolar's filings with the SEC contained misrepresentations about the extent of its compliance with environmental regulations in China. JinkoSolar has denied, and continues to deny, the allegations and is entering into this settlement solely to eliminate the uncertainty, burden and expense of further protracted litigation. The proposed settlement will be reviewed by Judge J. Paul Oetken of the federal court in New York, where the lawsuit is pending.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use