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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:29 EDTBRCM, AMD, TXN, INTC, QCOMIntel hits 52-week high after results beat estimates
Shares of semiconductor giant Intel (INTC) are rising after the company's second quarter results beat analysts' consensus estimates. WHAT'S NEW: Last night, Intel reported Q2 earnings per share of 55c and revenue of $13.8B, beating analysts' consensus estimates of 52c and $13.69B, respectively. Q2 gross margin was 64.5%. WHAT'S NOTABLE: For Q3, revenue was forecast at $14.4B, plus or minus $500M, versus consensus of $14.02B. Gross margin was expected at 66%, plus or minus a couple of percentage points. FY14 revenue growth was forecast at approximately 5% and Intel sees its FY14 gross margin percentage to come in at 63%, plus or minus a few percentage points. The company also announced a $20B increase to its share repurchase plan. ANALYST REACTION: This morning, analyst commentary was mostly positive. Six separate firms - Piper Jaffray, Credit Suisse, Deutsche Bank, Stifel, Jefferies, and Drexel Hamilton - all raised their respective price targets on Intel. Two other firms, UBS and B. Riley, both upgraded the stock to Buy from Neutral. A dissenting opinion came from RBC Capital, which thinks the company will be burdened by start-up costs in Q4 and the first quarter of the next fiscal year. The firm thinks there is a risk that the Intel's gross margins will drop and it kept a Sector Perform rating on the shares. PRICE ACTION: In late morning trading, Intel rose $2.09, or about 6.6%, to $33.80 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $33.95. Including today's advance, the stock is up nearly 40% over the past 12 months. OTHERS TO WATCH: Other companies in the semiconductor space include Advanced Micro Devices (AMD), up 2%, Qualcomm (QCOM), up 0.4%, Texas Instruments (TXN), up 0.6%, and Broadcom (BRCM), up 1%.
News For INTC;AMD;QCOM;TXN;BRCM From The Last 14 Days
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April 13, 2015
06:12 EDTQCOMJana urges Qualcomm to consider breakup, WSJ reports
Activist investor Jana Partners is putting pressure on Qualcomm to consider a breakup and other options to increase the company's stock price, The Wall Street Journal reports. According to a quarterly letter to Jana investors reviewed by the publication, Jana, which is one of Qualcomm's largest shareholders, wants Qualcomm to consider spinning off its chip unit from its patent-licensing unit. Additionally, the investor wants the company to increase stock buybacks, cut costs and make changes to its board of directors, financial reporting and executive pay structure. Reference Link
April 12, 2015
19:07 EDTINTCCommerce Department block sales of Intel Xeon Phi chips to China, Gizmodo says
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16:46 EDTINTCIntel, Seagate may rise despite potentially weak earnings reports, Barron's says
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April 10, 2015
09:47 EDTINTCAltera holders can act by written consent to replace board, CNBC's Faber says
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06:26 EDTINTCAltera shares not worth close to Intel's offer, says Citigroup
Citigroup says Altera (ALTR) should have accepted Intel's (INTC) reported takeover offer of $54 per share as it believes the "stock is not worth close to that." Citi states Altera has had a history of overestimating its growth rate, and notes it is "still in shock" that Intel offered that high a price. The firm reiterates a Neutral rating on both names.
April 9, 2015
18:11 EDTINTC, AMDWorldwide PC shipments decline 6.7% in Q1, IDC says
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12:45 EDTINTCAltera report doesn't mean deal is off, says Raymond James
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12:22 EDTINTCIntel unit awarded contract by DOE's Argonne Leadership Computing Facility
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11:34 EDTINTCAltera calls active on report of no deal
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10:49 EDTINTCAltera was offered $54 per share before turning down Intel, Bloomberg says
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10:00 EDTBRCMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adobe (ADBE) initiated with an Overweight at Stephens... Aimco (AIV) initiated with a Neutral at Janney Capital... Akamai (AKAM) initiated with a Hold at Deutsche Bank... Anadarko (APC) initiated with an Outperform at BMO Capital... Apache (APA) initiated with a Market Perform at BMO Capital... Arista Networks (ANET) initiated with a Neutral at Wedbush... AvalonBay (AVB) initiated with a Neutral at Janney Capital... BioScrip (BIOS) initiated with a Buy at Craig-Hallum... Brinker (EAT) initiated with a Buy at Longbow... Broadcom (BRCM) initiated with a Buy at Ladenburg... Camden Property (CPT) initiated with a Neutral at Janney Capital... Canadian National (CNI) initiated with an Overweight at Atlantic Equities... Canadian Pacific (CP) initiated with an Overweight at Atlantic Equities... Cancer Genetics (CGIX) initiated with a Buy at Janney Capital... Denny's (DENN) initiated with a Buy at Longbow... Equity Residential (EQR) initiated with a Neutral at Janney Capital... Essex Property Trust (ESS) initiated with a Neutral at Janney Capital... Fifth Third (FITB) initiated with a Buy at Evercore ISI... Garrison Capital (GARS) initiated with a Buy at Maxim... GrubHub (GRUB) initiated with a Hold at Wunderlich... Hess Corp. (HES) initiated with a Market Perform at BMO Capital... Home Properties (HME) initiated with a Buy at Janney Capital... Huntington Bancshares (HBAN) initiated with a Buy at Evercore ISI... Intersect ENT (XENT) initiated with a Buy at CRT Capital... Jack in the Box (JACK) initiated with a Neutral at Longbow... KeyCorp (KEY) initiated with a Hold at Evercore ISI... LogMeln (LOGM) initiated with a Neutral at JPMorgan... Marathon Oil (MRO) initiated with a Market Perform at BMO Capital... Marvell (MRVL) initiated with an Outperform at Cowen... Masonite (DOOR) initiated with an Outperform at Macquarie... Mid-America Apartment (MAA) initiated with a Buy at Janney Capital... Natures Sunshine Products (NATR) initiated with an In-Line at Imperial Capital... Nielsen (NLSN) initiated with an Outperform at Telsey Advisory... Plug Power (PLUG) initiated with an Equal Weight at Morgan Stanley... Post Properties (PPS) initiated with a Neutral at Janney Capital... QTS Realty Trust (QTS) initiated with a Buy at Evercore ISI... Rentrak (RENT) initiated with an Outperform at Telsey Advisory... RiceBran (RIBT) initiated with a Buy at Maxim... StarTek (SRT) initiated with a Buy at Lake Street... Tribune Media (TRCO) initiated with an Outperform at Wells Fargo... TrueCar (TRUE) initiated with a Hold at Wunderlich... UDR, Inc. (UDR) initiated with a Neutral at Janney Capital... comScore (SCOR) initiated with a Market Perform at Telsey Advisory.
09:36 EDTINTCActive equity options trading on open
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09:26 EDTINTCIntel falls after ending Altera talks, levels to watch
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09:10 EDTBRCMBroadcom initiated with a Buy at Ladenburg
Target $51.
09:06 EDTINTC, BRCMIntel ends talks to acquire Altera, CNBC's Faber reports
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09:02 EDTINTCAltera talks ended with Intel, CNBC's Faber says
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05:44 EDTINTCIntel sales, margins could bottom in March quarter, says Wells Fargo
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April 8, 2015
20:17 EDTINTCAppeals court questions Google in patent dispute with Microsoft, Reuters says
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April 7, 2015
09:57 EDTINTCAltera negotiations with Intel continue, says dealReporter
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06:20 EDTQCOMQualcomm likely to get back into Galaxy phones, says Citigroup
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