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Stock Market & Financial Investment News

News Breaks
July 16, 2014
15:27 EDTEBAY, SNDK, LVS, KMI, URINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 68c; SanDisk (SNDK), consensus $1.39; Las Vegas Sands (LVS), consensus 90c; Kinder Morgan (KMI), consensus 29c; United Rentals (URI), consensus $1.46.
News For EBAY;SNDK;LVS;KMI;URI From The Last 14 Days
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October 14, 2014
12:31 EDTEBAYeBay PayPal unit in talks to buy Square, Bank Innovations reports
PayPal, which is spinning off from eBay in 2015, is exploring several potential acquisitions, including the purchase of Square, according to Bank Innovation, citing sources close to both companies. The acquisition talks are in the “early stages,” but are described as "serious" and "intense" by the sources, the report stated. Bank Innovation said it had "no word yet" on an acquisition price, but assumes it would be above the $6B valuation ascribed to Square in a recent fundraising effort. Shares of eBay are up a bit over 1% in afternoon trading. Reference Link
12:26 EDTEBAYPayPal in 'early' but serious talks to buy Square, Bank Innovations says
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10:01 EDTLVSOn The Fly: Analyst Downgrade Summary
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09:13 EDTLVSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Johnson & Johnson (JNJ), up 1%... Dominos Pizza (DPZ), up 2.7%. ALSO HIGHER: Citigroup (C), up 2.5% following earnings report, announcement of plans to exit consumer businesses in 11 markets... MagneGas (MNGA), up 14% after signing Letter of Intent with Pioneer Recycling... Skyworks (SWKS), up 6% after raising its outlook for Q4. Shares of peers Avago (AVGO), NXP Semiconductors (NXPI) and RF Micro Devices (RFMD) are also moving higher in pre-market trading after Skyworks pointed to "broad-based strength" of its business in raising its outlook... Halcon Resources (HK), up 6% after upgraded at KLR Group... Quantum (QTM), up 8.8% after issuing Q2 earnings guidance. LOWER: Wells Fargo (WFC), down 1.4% after reporting in-line Q3 earnings... JPMorgan (JPM), down 1.8% after Q3 headline earnings miss... Las Vegas Sands (LVS), down 1% following downgrade at BofA Merrill Lynch.
08:07 EDTLVSLas Vegas Sands downgraded at BofA/Merrill
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07:59 EDTSNDKSanDisk should be bought on weakness, says Pacific Crest
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07:47 EDTSNDKSanDisk October volatility elevated into Q3 and guidance
SanDisk October call option implied volatility is at 98, November is at 44, January is at 35; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
07:33 EDTLVSLas Vegas Sands weakness a buying opportunity, says Susquehanna
Susquehanna said the recent weakness in Las Vegas Sands creates an attractive entry point for long term investors. The firm remains comfortable with its estimates and took a more conservative stance in Macau following September results. Susquehanna maintains its Positive rating and $79 price target on the stock.
06:38 EDTLVSLas Vegas Sands downgraded to Neutral from Buy at BofA/Merrill
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06:01 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 13, 2014
12:37 EDTEBAYeBay initiated with a Sector Perform at Portales
07:36 EDTLVSLas Vegas Sands October volatility elevated into Q3 and Macau outlook
Las Vegas Sands October call option implied volatility is at 66, November is at 40, December is at 36, January is at 35; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
06:28 EDTLVSLas Vegas Sands shares could rally $10 on Tokyo win, says Citigroup
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06:12 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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October 10, 2014
10:29 EDTSNDKMicrochip CEO warning on industry correction sinks semiconductors
Shares of a number of semiconductor makers are falling sharply after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector had entered a correction. In a note to investors today, research firm FBR Capital said Microchip's comments "could be worrisome, " and the firm responded by taking a more defensive stance on the space. WHAT'S NEW: Microchip, which develops microcontroller and analog semiconductors, estimated that its second quarter revenue would come in at $546.2M, versus its previous guidance of $560.0M-$575.9M and analysts' consensus estimate of $568M. The company said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and built a significant amount of inventory in the distribution channel in the September quarter and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future.” ANALYST REACTION: In a note to investors today, FBR Capital analyst Christopher Rolland said that Microchip's statements come in the wake of other negative signs for the sector. In August and September, lead times for the sector fell versus the month before, the analyst stated. Additionally, revenue trends at Taiwanese chip makers weakened in August, Rolland stated. The analyst said that Microchip's statements pushed him over the fence, causing him to take a more defensive stance on the sector. He removed ON Semiconductor (ONNN) from FBR's Top Picks list but kept an Outperform rating on the stock, as he believes that its valuation is "very reasonable." Rolland maintained Market Perform ratings on Atmel (ATML), Texas Instruments (TXN), Fairchild (FCS), AMD (AMD), and Applied Micro Circuits (AMCC). Sterne Agee also attributed weakness in the sector to Microchip's warnings, but the firm recommended buying NXP Semiconductors (NXPI), Avago (AVGO), and Skyworks (SWKS) due to their strong product cycles with EMV and upcoming iPhone-iPad launches from Apple (AAPL). In addition, the firm said it would buy Micron (MU) and SanDisk (SNDK) given tight supply, below normal inventory levels, and tailwinds from China. PRICE ACTION: In early trading, Microchip dropped nearly 14% to $39.29, Intel (INTC) fell almost 6% to $31.67, On Semiconductor slid 10% to $7.53, Atmel tumbled 11.5% to $6.61, Texas Instruments slipped 8% to $42.16, Fairchild slumped 10.6% to $12.95, AMD dropped 6% to $2.77, Applied Micro declined 10% to $6.19, and NXP Semiconductors was 14% lower to $55.27.
10:20 EDTSNDKSemiconductors defended at Sterne Agee
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10:04 EDTEBAYXoom could be a acquisition of target of PayPal, says Monness Crespi
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09:14 EDTLVSLas Vegas Sands estimates lowered at Craig-Hallum
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08:31 EDTKMIGoldman remains bullish on MLPs
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06:00 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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