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Stock Market & Financial Investment News

News For ERIC;ALU;BRCM;QCOM;NXPI;JNPR;CIEN From The Last 14 Days
Check below for free stories on ERIC;ALU;BRCM;QCOM;NXPI;JNPR;CIEN the last two weeks.
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July 24, 2014
06:33 EDTQCOMQualcomm downgraded to Equal-Weight from Overweight at Evercore
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06:32 EDTQCOMQualcomm downgraded to Neutral from Positive at Susquehanna
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06:09 EDTQCOMQualcomm confirmed in China as having monopoly, China Daily reports
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05:34 EDTQCOMQualcomm commits up to $150M to strategic venture fund in China
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July 23, 2014
20:03 EDTNXPINXP Semiconductors sees Q3 EPS $1.25-$1.35, consensus $1.18
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20:01 EDTNXPINXP Semiconductors reports Q2 EPS $1.09, consensus $1.06
Reports Q2 revenue $1.35B, consensus $1.33B.
17:01 EDTJNPROn The Fly: Closing Wrap
Stocks began the session mixed and remained that way throughout the trading day, with the Nasdaq the leader and the Dow the laggard. The tech-heavy Nasdaq was helped by a post-earnings rise in shares of Apple (AAPL), while the blue-chip index was weighed down by Boeing's (BA) under-performance following its own quarter report. There was little movement in the averages during the day as they remained in a narrow range, but the increase in the S&P 500 did manage to push it to a new all-time closing high. After the bell, investors will receive the next wave of earnings with AT&T (T), Facebook (FB) and Qualcomm (QCOM) scheduled to report. ECONOMIC EVENTS: In the U.S., MBA's mortgage market index rose 2.4%, with a 0.3% rise in the purchase index and a 4.1% gain in the refinance index for the week ended July 18. Also, the International Monetary Fund predicted that U.S. economic growth for 2014 as a whole will be a disappointing 1.7%. However, barring unforeseen shocks, 2015 growth should accelerate to the fastest annual pace since 2005, propelled by strong consumption growth, a declining fiscal drag, a pickup in residential investment, and easy financial conditions, said the IMF. COMPANY NEWS: Shares of Apple advanced $2.47, or 2.61%, to $97.19 after reporting third quarter earnings that beat expectations. However, the iPhone maker's revenue came in a bit short of analyst expectations for its just completed quarter and its guidance for sales in the new quarter was also below expectations. Piper Jaffray analyst Gene Munster said Apple's September quarter guidance suggests an iPhone 6 launch on September 26, versus the firm's prior expectation for a September 19 launch. Piper views Apple's Q3 results as removing the last major variable ahead of the iPhone and iWatch launches later this year and reiterates an Overweight rating on the stock. Another research firm, Janney Capital, said Apple did not address rumored new products, like the iPhone 6 and iWatch, on its earnings call, but did indicate that its wider than normal revenue guidance range was due to "many moving pieces," suggesting one or two new products may be introduced, but late in the quarter... Dow component Boeing sank $3.03, or 2.34%, to $126.71 despite reporting "core" EPS that beat expectations and raising its fiscal year earnings outlook to a range above the Wall Street consensus. Boeing's revenue missed expectations, however, and it also reported its total company backlog of $440B was unchanged from the beginning of the quarter... Another Dow member, McDonald's (MCD), fell 92c, or 0.96%, to $95.35 after the company reported weaker than expected second quarter results yesterday and its stock was downgraded by at least five research firms. MAJOR MOVERS: Among the notable gainers was Puma Biotechnology (PBYI), whose stock surged $174.40, or 295.44%, to $233.43 after the company reported positive data for its breast cancer drug and an analyst at Citigroup said that the company would probably become a takeover target. Also higher was Intuitive Surgical (ISRG), which rose $69.47, or 17.71%, to $461.63 and was upgraded at both Raymond James and Stifel after the company reported better than expected Q2 results. Among the noteworthy losers was Xilinx (XLNX), which tumbled $6.89, or 14.31%, to $41.26 after the company reported lower than expected first quarter revenue and forecast that its sales could drop as much as 4% in Q2 versus Q1. After the report, analysts at William Blair, Bank of America Merrill Lynch and BMO Capital all downgraded the stock. Also lower were shares of Juniper Networks (JNPR), which fell $2.39, or 9.63%, to $22.43 and was also downgraded at Bank of America Merrill Lynch after its Q3 guidance missed expectations. INDEXES: The Dow slid 26.91, or 0.16%, to 17,086.63, the Nasdaq rose 17.68, or 0.4%, to 4,473.70, and the S&P 500 gained 3.48, or 0.18%, to 1,987.01.
16:10 EDTQCOMQualcomm says China continues to present significant challenges, opportunities
The company said, "China continues to present significant opportunities for us, particularly with the rollout of 4G LTE, but also presents significant challenges, as our business practices continue to be the subject of an investigation by the China National Development and Reform Commission. Please refer to our Quarterly Report on Form 10-Q for the third quarter ended June 29, 2014 filed with the SEC for our most recent disclosures regarding the NDRC investigation. We also believe that certain licensees in China currently are not fully complying with their contractual obligations to report their sales of licensed products to us (which includes certain licensees underreporting a portion of their 3G/4G device sales and a dispute with a licensee) and that unlicensed companies may seek to delay execution of new licenses while the NDRC investigation is ongoing. We expect calendar year 2014 3G/4G device shipments to be approximately 1.3 billion globally. However, our estimate of calendar year 2014 3G/4G device shipments that we currently expect to be reported to us is approximately 1.04 billion to 1.13 billion, which is adjusted for units that we believe may not be reported to us, are in dispute or are currently unlicensed. We are taking steps to address these issues, although the timing of any resolution is uncertain."
16:08 EDTQCOMQualcomm sees Q4 MSM chip shipments 230M-245M, up 21%-29% YoY
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16:06 EDTQCOMQualcomm expects to complete minimum of $1B in share repurchases in Q4
16:05 EDTQCOMQualcomm reports Q3 MSM chip shipments 225M units, up 31% YoY
Up 20% sequentially.
16:04 EDTQCOMQualcomm raises FY14 adjusted EPS view to $5.21-$5.36 from $5.05-$5.25
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16:03 EDTQCOMQualcomm sees Q4 adjusted EPS $1.20-$1.35, consensus $1.39
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16:01 EDTQCOMQualcomm raises FY14 EPS outlook
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16:01 EDTQCOMQualcomm reports Q3 adjusted EPS $1.44, consensus $1.22
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15:30 EDTNXPI, QCOMNotable companies reporting after market close
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14:47 EDTQCOM, BRCMEarnings Preview: Qualcomm reports after Goldman takes off 'Conviction Buy' list
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14:35 EDTQCOMQualcomm July weekly 81 straddle priced for 3.4% move into Q3
14:02 EDTJNPRJuniper initiated with a Buy at Standpoint Research
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13:53 EDTQCOMQualcomm technical commentary ahead of results
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12:17 EDTJNPROn The Fly: Midday Wrap
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11:33 EDTQCOMSamsung Ventures invests in BlueStacks, Business Insider reports
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11:08 EDTJNPRHigh option volume stocks
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10:02 EDTJNPROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Market Perform from Outperform at Cowen... Brinker (EAT) downgraded to Sector Perform from Outperform at RBC Capital... Cubist (CBST) downgraded to Market Perform from Outperform at JMP Securities... DiamondRock (DRH) downgraded to Neutral from Outperform at RW Baird... DuPont (DD) downgraded to Neutral from Overweight at JPMorgan... FirstMerit (FMER) downgraded to Neutral from Overweight at JPMorgan... Helmerich & Payne (HP) downgraded to Accumulate from Buy at Tudor Pickering... Hexcel (HXL) downgraded to Hold from Buy at Canaccord... Juniper (JNPR) downgraded to Neutral from Buy at BofA/Merrill... King Digital (KING) downgraded at BofA/Merrill... Lexmark (LXK) downgraded at Raymond James... McDonald's (MCD) downgraded at RW Baird... Mead Johnson (MJN) downgraded to Outperform from Buy at CLSA... National Oilwell (NOV) downgraded to Accumulate from Buy at Tudor Pickering... Nintendo (NTDOY) downgraded to Hold from Buy at Jefferies... Raytheon (RTN) downgraded to Market Perform from Outperform at Bernstein... Targa Resources (TRGP) downgraded to Accumulate from Buy at Global Hunter... Time Warner (TWX) downgraded to Market Perform from Outperform at Cowen... Timmins Gold (TGD) downgraded to Market Perform from Outperform at Cowen... United Technologies (UTX) downgraded to Market Perform from Outperform at Wells Fargo... Viacom (VIAB) downgraded to Market Perform from Outperform at Cowen... Xilinx (XLNX) downgraded at BMO Capital.
10:02 EDTQCOMOn The Fly: Analyst Upgrade Summary
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09:17 EDTBRCM, JNPROn The Fly: Pre-market Movers
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08:16 EDTBRCMBroadcom price target raised to $46 from $39 at Brean Capital
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08:04 EDTBRCMBroadcom price target raised to $50 from $45 at Oppenheimer
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07:37 EDTQCOMQualcomm July weekly volatility elevated into Q3 and outlook
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07:27 EDTQCOMQualcomm upgraded to Outperform from Market Perform at Northland
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07:21 EDTBRCMBroadcom price target raised to $51 from $44 at Jefferies
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07:08 EDTJNPRJuniper valuation still attractive, says Cantor
After Juniper provided weaker than expected Q3 guidance, Cantor cut its price target on the shares to $29.50 from $32. Although the firm sees the delays of deals with service providers which caused the guidance miss as a setback, it thinks the stock's valuation remains attractive while Juniper's cost realignment initiative remains intact. The firm keeps a $29.50 price target and Buy rating on the shares.
06:21 EDTJNPRJuniper downgraded to Neutral from Buy at BofA/Merrill
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06:10 EDTBRCMBroadcom to cut 2,500 jobs as a result of baseband unit shutdown, Re/code says
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July 22, 2014
18:33 EDTJNPR, BRCMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Broadcom (BRCM), consensus up 3% after reporting second quarter results... Intuitive Surgical (ISRG), up 10.4%... Manhattan Associates (MANH), up 3%... Robert Half International (RHI), up 3.9%... Hawaiian Holdings (HA), up 3.1%... Microsoft (MSFT), up just under 1%... FMC Technologies (FTI), up 1.1%. ALSO HIGHER: Ballard Power Systems (BLDP), up 2.7% following purchase order from New Flyer Industries... Unwired Planet (UPIP), up 2.4% after filing a lawsuit against Microsoft for breach of contract. NOTABLE: Puma Biotechnology (PBYI), up 193.8% after reporting positive top line results from Phase III PB272 trial. DOWN AFTER EARNINGS: Xilinx (XLNX), down 8.7%... Apple (AAPL), down after reporting third quarter results and fourth quarter guidance... Juniper Networks (JNPR), down 4.7%... ALSO LOWER: Farmland Partners (FPI), down 3.8% after filing to sell 3.72M shares of common stock.
16:59 EDTBRCMBroadcom CEO says, couldn't find buyer for cellular chip business
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16:55 EDTBRCMBroadcom sees Q3 revenue $2.1B-$2.25B, consensus $2.19B
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16:21 EDTBRCMBroadcom up 2% following Q2 results
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16:11 EDTJNPRJuniper falls after results, first look
The stock is at $22.04 in the extended session, lower by 11% after earnings. At that price next support is at $20.84. Resistance is at $23.54.
16:09 EDTJNPRJuniper sees Q3 adjusted EPS 35c-40c, consensus 44c
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16:06 EDTJNPRJuniper reports preliminary Q2 EPS 40c, consensus 38c
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16:06 EDTBRCMBroadcom reports Q2 EPS 65c, consensus 61c
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15:41 EDTQCOMQualcomm replaces NVIDIA in newest Xiaomi Mi phone, TechInAsia reports
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15:39 EDTQCOMNVIDIA loses another Tegra socket to Qualcomm, says Pacific Crest
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15:30 EDTBRCM, JNPRNotable companies reporting after market close
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15:15 EDTJNPRJuniper July weekly 24 straddle priced for 4.9% move into Q2
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13:42 EDTBRCMEarnings Preview: Analysts divided on Broadcom ahead of Q2 report
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13:25 EDTJNPREarnings Preview: Juniper sahres rise ahead of Q2 earnings report
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12:19 EDTQCOMQualcomm advances after Cowen sees shares poised to break-out
Shares of Qualcomm (QCOM), which develops mobile device components, are climbing after research firm Cowen wrote that the stock is poised to break-out above its recent range. WHAT'S NEW: Qualcomm's stock is well-positioned to advance above the trading range it has stayed in over the past three months, Cowen analyst Timothy Arcuri wrote in a note to investors earlier today. The company's Q3 results, due to be announced on July 23, should be in-line with or better than expectations, the analyst predicted. The company's QCT business unit - which provides solutions for smart connected devices - likely exceeded expectations last quarter, driven by gains in LTE technologies, according to Arcuri. Meanwhile, he believes that Qualcomm's technology licensing business should generate results at the high end of the unit's total available market, as its revenue from licensing technology for devices using the CDMA standard appears to have exceeded the high end of its guidance. Qualcomm's Q4 guidance could exceed expectations and the company's revenue growth may accelerate to double digit percentage levels, the analyst forecast. Furthermore, Qualcomm's profits are likely to be boosted by cost cutting and higher margins in its QCT business, Arcuri predicted. He kept an $86 price target and Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Qualcomm climbed $2, or 2.5%, to $81.69.
08:24 EDTQCOMQualcomm poised to break out of trading range, says Cowen
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07:02 EDTNXPINXP Semi has positive read through from Texas Instruments, says Sterne Agee
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06:11 EDTERICEricsson selected by Claro in Costa Rica
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July 21, 2014
14:21 EDTNXPIEarnings Preview: Analysts optimistic on TI ahead of Q2 report
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12:41 EDTBRCMIntel advances after analyst predicts mobile unit rebound coming
Shares of Intel (INTC) are advancing in a down market after Wells Fargo wrote that the company's mobile chip business could rebound significantly in coming quarters. WHAT'S NEW: Intel's mobile chip business could boost the company's growth and even enable it to beat earnings expectations, Wells Fargo wrote in a note to investors today. The chip maker's shipments of 4G modems should start rising significantly in the third quarter or fourth quarter of this year, the firm stated. The company has probably won some deals to provide LTE modems for smartphones and Samsung is likely one of the chip maker's initial customers, the firm wrote. Broadcom's (BRCM) decision to exit the baseband market probably improved Intel's position in the 4G market, Wells Fargo contended. Meanwhile, Intel said that by this year's holiday season, it should be ready to launch chips for mobile devices that are smaller than those of a key competitor, TSMC (TSM), Wells noted. Sales generated by Intel's mobile and communications unit may have bottomed last quarter or could do so during the current quarter, the firm believes. The unit's operating losses are likely to drop throughout this year, before falling sharply in the quarter ended March 2015, Wells estimated. The unit may approach break even by the end of 2015, the firm added. Wells kept an Outperform rating on the stock. WHAT'S NOTABLE: On July 15, Intel reported stronger than expected results for its quarter ended in June. PRICE ACTION: In early afternoon trading, Intel rose 43c, or 1.3%, to $34.13.
07:55 EDTBRCM Broadcom July weekly volatility elevated into Q2 and outlook
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July 20, 2014
12:53 EDTJNPRJuniper shares could rise over 30%, Barron's says
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July 18, 2014
11:42 EDTBRCMAMD plummets after profit miss, analyst downgrades
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10:11 EDTQCOMQualcomm July weekly volatility elevated into Q3 and revenue outlook
Qualcomm July weekly call option implied volatility is at 32, August is at 20, September, October and January is at 17; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on July 23.
09:55 EDTERICEricsson rallies sharply after earnings, levels to watch
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09:24 EDTERICOn The Fly: Pre-market Movers
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05:14 EDTERICEricsson reports Q2 Non-IFRS EPS SEK 1.07 vs. SEK 0.88 last year
Reports Q2 revenue SEK 54.8B vs. SEK 55.3B last year.
July 16, 2014
11:29 EDTBRCM, QCOMIntel hits 52-week high after results beat estimates
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July 15, 2014
07:50 EDTQCOMQualcomm estimates adjusted to reflect inventory transition, says Canaccord
Canaccord adjusted its estimates for Qualcomm to reflect an ongoing inventory transition in China from 3G to 4G devices. The firm continues to expect strong growth of smartphones, the upgrade to new air interface technologies, and strong market share gains to drive sales and earnings growth. Qualcomm shares are Buy rated with a $95 price target.
07:23 EDTERICFortune to hold a conference
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06:11 EDTQCOMSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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09:18 EDTNXPINXP Semiconductors to benefit from EMV proliferation, says Sterne Agee
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08:16 EDTQCOMQualcomm downgraded to Neutral from Strong Buy at ISI Group
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08:07 EDTNXPINXP Semiconductors should be bought ahead of results, says Pacific Crest
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July 11, 2014
12:46 EDTQCOMQualcomm downgraded to Buy from Strong Buy at Tigress Financial
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10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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09:09 EDTQCOMOn The Fly: Pre-market Movers
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07:36 EDTQCOMQualcomm downgraded to Buy from Conviction Buy at Goldman
Goldman removed Qualcomm from the Conviction Buy List as it does not expect material near-term upside to Street estimates sees some risk of downside. The firm trimmed estimates for both the June and September quarters due to weaker handset demand but maintains its Buy rating and $95 price target based on relative valuation and growth profile.
07:35 EDTQCOMQualcomm questioned again in Chinese anti-trust probe, Xinhua says
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