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News For QCOM;CIEN;ERIC;ALU;JNPR;NXPI;BRCM From The Last 14 Days Check below for free stories on QCOM;CIEN;ERIC;ALU;JNPR;NXPI;BRCM the last two weeks. |
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| May 16, 2013 | | 14:41 EDT |  | BRCM | Broadcom management to meet with JPMorgan
 Subscribe for More Information | | | 12:24 EDT |  | CIEN | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 11:23 EDT |  | CIEN | Ciena spikes higher fueled by Cisco's results, levels to watch
Subscribe for More Information | | | 10:44 EDT |  | BRCM | Cisco results give boost to semiconductor names
Subscribe for More Information | | | 09:04 EDT |  | BRCM | Cisco results positive for semiconductors space, says Brean Capital
Subscribe for More Information | | | 08:00 EDT | | JNPR | Juniper management to meet with ISI Group
Subscribe for More Information | | | 07:07 EDT | | BRCM | Cisco results positive for communications semi space, says William Blair
Subscribe for More Information | | | May 15, 2013 | | 10:13 EDT |  | CIEN | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 10:08 EDT | | ERIC | Ericsson management to meet with Lazard Capital
Subscribe for More Information | | | 06:46 EDT | | CIEN | Ciena initiated with an Overweight at Evercore
Subscribe for More Information | | | | May 14, 2013 | | 17:48 EDT | | QCOM | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | 07:20 EDT | | NXPI | JPMorgan to host a conference
Subscribe for More Information | | | May 13, 2013 | | 07:09 EDT |  | JNPR | Cisco finds difficulties as it diversifies, WSJ reports
Subscribe for More Information | | | 06:05 EDT | | JNPR | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports. | | | May 10, 2013 | | 14:52 EDT | | JNPR | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | May 9, 2013 | | 12:12 EDT | | QCOM | Leon Cooperman names Facebook, Qualcomm as stock picks
Subscribe for More Information | | | 09:27 EDT | | QCOM | FCC likely to forward Qualcomm push for satellite airwaves, WSJ reports
Qualcomm (QCOM) has been lobbying the Federal Communications Commission since 2011 to free up airwaves used by the satellite industry for use in in-flight Internet and FCC commissioners are likely to vote Thursday in favor of opening the issue to public comment, reported The Wall Street Journal, citing agency officials. Reference Link | | | 09:00 EDT | | BRCM | Broadcom well-positioned, remains ahead of competition, says DA Davidson
After meeting with Broadcom's EVP and General Manager of the Infrastructure and Networking Group, DA Davidson believes that the company is adding new features to its products that are enabling it to continue to stay ahead of the competition. The firm thinks the company's Trident products and NetLogic divisions are very well-positioned, and it keeps a Buy rating on the shares. | | | 05:50 EDT | | QCOM | Samsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link | | | May 8, 2013 | | 11:07 EDT | | ERIC | Ericsson says China outlook set to improve after new bidding, China Daily says
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