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Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:00 EDTXLNX, INTC, TSM, ALTRIntel, Altera advance after announcing semiconductor pact
Intel (INTC) and Altera (ALTR) are climbing after the two companies last night announced that Altera had agreed to use Intel's 14 nanometer tri-gate transistor technology to develop its programmable semiconductors. Altera's semiconductors target ultra high-performance systems for military, wireline communications, cloud networking, and compute and storage applications, the companies stated. "Next-generation products from Altera require the highest performance and most power-efficient technology available, and Intel is well positioned to provide the most advanced offerings," Intel COO Brian Krzanich stated. In a note to investors earlier today, Citigroup analyst Glen Young wrote that the deal is positive for both Intel and Altera. Intel obtained its first deal to develop semiconductors for another company at healthy margins, while Altera gained access to differentiating technology, Young believes. Intel's tri-gate technology is expected to deliver a 50% decrease in active power consumption, a 10x reduction in idle power consumption, and/or a 37% improvement in chip performance, the analyst explained. Meanwhile, the deal may carry margins as high as the mid-50s percentage range for Intel, added Young. One company that may not look favorably upon the deal is Taiwan Semiconductor Manufacturing Co. (TSM). The latter company has dominated semiconductor development and develops semiconductors for Altera, Stifel Nicolaus analyst Patrick Ho wrote in a note to investors earlier today. If Intel chooses to enter full force into the business of developing semiconductors for other companies, TSM would lose its edge in this business, Ho believes. In mid-afternoon trading, Intel climbed 2.70% to $20.80, Altera rose 2.8% to $36, and Taiwan Semiconductor fell 2.5% to $17.75. Meanwhile, Xilinx (XLNX), which also develops programmable semiconductors, lost 2% to $36.60.
News For INTC;ALTR;TSM;XLNX From The Last 14 Days
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February 12, 2016
06:11 EDTINTCAT&T to start 5G wireless testing in 1H16, Re/code reports
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05:54 EDTINTCAlphabet names Intel executive Jim Campbell as Corporate Controller
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February 10, 2016
19:51 EDTTSMTSMC to be exclusive processor supplier for next iPhone, Reuters says
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09:38 EDTINTCActive equity options trading on open; FB NFLX INTC DIS AAPL BAC CSCO JNJ SCTY
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February 7, 2016
16:29 EDTTSMTSMC does not see earthquake impacting Q1 wafer shipments more than 1%
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February 4, 2016
11:33 EDTINTCSamsung postpones investment in Xi'an semi plant, BusinessKorea says
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10:25 EDTINTC$25B cloud boost seen coming for Amazon, Microsoft, Google
Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGL, GOOG) are all poised to get huge boosts from their cloud businesses over the next three years, research firm Pacific Crest wrote in a note to investors today. The combined revenue from their cloud initiatives should surge $25B over the next three years as companies move more workloads to the cloud from legacy IT systems, the firm believes. NEXT MAJOR CLOUD CYCLE: The revenue of Amazon's cloud business, AWS, could triple to $25B by 2018, according to Pacific Crest analyst Evan Wilson. Moreover, by 2018, AWS could account for 14% of the company's revenue and over 50% of its profits, up from 7% and 41%, respectively, today, the analyst predicts. Meanwhile, within three years, Microsoft's revenue from its commercial cloud business could jump 50% to $25B, the analyst stated. By 2018, the business could account for almost 25% of the tech giant's revenue and 15% of its profits, up from 15% of its revenue and very little of its profit today, the analyst added. Google's revenue from infrastructure as a service, a form of cloud computing, can surge 500% over the next three years to about $4.5B, Wilson believes. Additionally, noting that AWS' incremental operating margin came in at 51.9% last quarter, Wilson believes that investors are underestimating the profitability of cloud businesses. The analyst maintained an $800 price target and Overweight rating on Amazon, a $65 price target and Overweight rating on Microsoft, and a $910 price target and Overweight rating on Alphabet. WHAT'S NOTABLE: Intel (INTC), along with hard disk drive maker Western Digital (WDC) and Arista Networks (ANET), which supplies cloud networking solutions, should all benefit from the tremendous growth in demand for cloud platforms, Wilson believes. He kept Overweight ratings on all three of the latter stocks. Conversely, Wilson identifies EMC (EMC), HP Enterprise (HPE) and NetApp (NTAP) as "cloud share donors" and keeps Sector Weight ratings on their shares. PRICE ACTION: In early trading, Amazon fell 1% to $525.80, Microsoft was flat near $52 per share and Alphabet Class A shares dropped 1.8% to $736.15.
07:07 EDTINTCHMG Strategy is holding a summit
2016 Phoenix CIO Executive Leadership Summit is being held in Scottsdale, AZ on February 4.
February 3, 2016
10:21 EDTINTCActive puts: IWM INTC WDR EEM SPY
Active puts: IWM 3/18/16 97, INTC 2/19/16 31, WDR 3/18/16 20, EEM 2/19/16 28, SPY 2/19/16 190
10:07 EDTTSMHigh option volume stocks: DF WDR KLIC ST CIT PGTI EW ING TSM NOV
10:00 EDTXLNXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Market Perform from Outperform at William Blair... Credit Acceptance (CACC) downgraded to Underperform at Raymond James... CIT Group (CIT) downgraded to Neutral from Buy at Citi... Cobalt (CIE) downgraded at Stifel... Cypress Energy (CELP) downgraded to Outperform from Strong Buy at Raymond James... Freeport McMoRan (FCX) downgraded on weak near-term outlook at Argus... Gastar Exploration (GST) downgraded to In-Line from Outperform at Imperial Capital... Intersil (ISIL) downgraded to Sell from Neutral at Citi... LyondellBasell (LYB) downgraded to Outperform from Top Pick at RBC Capital... Marriott (MAR) downgraded to Market Perform from Outperform at Wells Fargo... Microchip (MCHP) downgraded to Sell from Neutral at Goldman... Morgan Stanley (MS) downgraded to Underweight from Neutral at Atlantic Equities... Navios Maritime Partners (NMM) downgraded to Hold from Buy at Deutsche Bank... Peapack-Gladstone (PGC) downgraded to Hold from Buy at Sandler O'Neill... QIWI (QIWI) downgraded to Market Perform from Outperform at William Blair... STORE Capital (STOR) downgraded to Neutral from Buy at Ladenburg... Spark Energy (SPKE) downgraded to Neutral from Outperform at Baird... Stone Energy (SGY) downgraded to In-Line from Outperform at Imperial Capital... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Goldman... Teradyne (TER) downgraded to Neutral from Buy at Goldman... Texas Instruments (TXN) downgraded to Sell from Neutral at Goldman... UBS (UBS) downgraded to Sector Perform from Outperform at RBC Capital... Whiting Petroleum (WLL) downgraded on oil price outlook at Stifel... Xcel Energy (XEL) downgraded to Sell from Neutral at UBS... Xilinx (XLNX) downgraded to Buy from Conviction Buy at Goldman... Yahoo (YHOO) downgraded to Hold from Buy at Axiom.
10:00 EDTINTCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Equal Weight from Underweight at Morgan Stanley... Badger Meter (BMI) upgraded to Outperform from Neutral at Baird... Boot Barn (BOOT) upgraded to Buy from Neutral at B. Riley... Chipotle (CMG) upgraded to Outperform from Market Perform at Wells Fargo... Dow Chemical (DOW) upgraded to Top Pick from Outperform at RBC Capital... Electro Scientific (ESIO) upgraded to Buy from Hold at Needham... Hyatt (H) upgraded to Outperform from Market Perform at Wells Fargo... Intel (INTC) upgraded to Neutral from Sell at Goldman... Mallinckrodt (MNK) upgraded to Buy from Neutral at Mizuho... Michael Kors (KORS) upgraded to Neutral from Sell at Citi... NeoPhotonics (NPTN) upgraded to Strong Buy from Outperform at Raymond James... PGT, Inc. (PGTI) upgraded to Buy from Hold at Craig-Hallum... Performance Sports Group (PSG) upgraded to Outperform from Neutral at Wedbush... Superior Drilling (SDPI) upgraded to Buy from Neutral at Roth Capital... Syntel (SYNT) upgraded to Buy from Hold at Maxim... Valley National (VLY) upgraded to Overweight from Neutral at Piper Jaffray... Willis Towers Watson (WLTW) upgraded to Buy from Neutral at SunTrust.
08:49 EDTTSMTSMC board proposes NT$6 cash dividend per share
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07:08 EDTXLNXXilinx launches Data Center Ecosystem Investment Program
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February 2, 2016
18:26 EDTXLNXXilinx downgraded to Buy from Conviction Buy at Goldman
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18:01 EDTINTCIntel upgraded to Neutral from Sell at Goldman
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February 1, 2016
10:51 EDTINTCActive calls; INTC CVS TWTR APC BAC
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09:36 EDTINTCActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C

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