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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:29 EDTINTC, QCOM, BRCM, AMD, TXNIntel 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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November 19, 2014
10:29 EDTINTCGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
11:50 EDTINTCIntel November volatility elevated into investor meeting
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10:55 EDTINTCIntel to host investor meeting
Investor meeting to be held in Santa Clara, CA on November 20 at 11 am. Webcast Link
09:06 EDTINTCIntel to combine two groups in new 'Client Computing' unit, WSJ says
Intel plans to reorganize by combing its groups that handle personal computer chips with those used for smartphones and tablets, according to The Wall Street Journal, citing an email sent to employees by CEO Brian Krzanich. Intelís changes are scheduled to go into effect in early 2015, the report noted. Reference Link
07:36 EDTTXNUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
06:08 EDTINTCIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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06:04 EDTQCOMQualcomm to host analyst meeting
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05:54 EDTBRCMStocks with implied volatility movement; URBN BRCM
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November 17, 2014
13:57 EDTQCOMQualcomm volatility flat into analyst meeting
Qualcomm November call option implied volatility is at 22, December and January is at 20, February is at 21; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into a company sponsored analyst meeting on November 19
07:52 EDTAMD, INTCDepartment of Energy awards $425M for supercomputing technologies
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November 14, 2014
12:53 EDTQCOMOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
11:14 EDTAMDAMD awarded $32M in research grants for extreme scale computing research
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09:38 EDTAMDJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
12:37 EDTBRCMBroadcom hits 52-week high after Goldman ups to Buy
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10:01 EDTBRCMOn The Fly: Analyst Upgrade Summary
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05:34 EDTBRCMBroadcom upgraded to Buy from Neutral at Goldman
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November 12, 2014
15:08 EDTINTCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTINTCIntel reports 427.7K share position in Rocket Fuel
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12:55 EDTQCOMNVIDIA says Samsung files counter-suit, patent infringement claims
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November 10, 2014
06:28 EDTQCOMReport: TSMC may buy Qualcomm Taiwan factory, DigiTimes says
TSMC (TSM) is considering an acquisition of Qualcomm's (QCOM) Taiwan factory to expand its packaging and test business, reports DigiTimes. Citing a Chinese-language Economic Daily News report, the Qualcomm factory will be acquired for several billion NT dollars. Reference Link
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