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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:29 EDTQCOM, BRCM, AMD, TXN, INTCIntel 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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March 27, 2015
05:58 EDTAMDStocks with implied volatility above IV index mean; AMZN AMD
Stocks with implied volatility above IV index mean; Amazon.com (AMZN) 39, AMD (AMD) 62 according to iVolatility.
05:57 EDTINTCMicrosoft to push 2 inexpensive notebooks in mid-2015, DigiTimes says
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March 26, 2015
09:47 EDTAMDSouth Korean press says Samsung interested in AMD, Fudzilla reports
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08:26 EDTTXN, QCOM, INTC, AMDSemi stocks less likely to rebound now than in 4Q14, says Goldman
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08:21 EDTTXNTexas Instruments to hold a webinar
Worldwide Translation Manager, Paul von Wupperfeld, holds a webinar to discuss Machine Translation and how it can cut costs and handle high volume translation requirements on March 26 at 12 pm. Webcast Link
06:05 EDTINTCIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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March 25, 2015
10:08 EDTAMDAMD downgraded to Sell from Neutral at UBS
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09:39 EDTAMDAMD downgraded to Sell from Neutral at UBS
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07:33 EDTQCOMQualcomm Life and AMC Health announce collaboration
Qualcomm Life, a subsidiary of Qualcomm, and AMC Health announced a collaborative effort to accelerate the transformation of chronic care and population health management by significantly enhancing connectivity and care coordination for at-risk patients, specifically those with heart failure, hypertension, diabetes, asthma or COPD, in a cost-effective manner. The companies will integrate Qualcomm Life's 2net Connectivity Platform with AMC Health's CareConsole care coordination platform.
March 24, 2015
09:37 EDTINTCHouse Energy & Commerce Committee to hold a hearing
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07:21 EDTBRCMBroadcom pause in set-top box orders is temporary, says Macquarie
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March 23, 2015
06:00 EDTAMDAMD's former CEO may join Dell, Re/code reports
According to sources, former AMD (AMD) CEO Rory Read is close to a deal to join Dell, Re/code reports. Read, who also previously worked at Lenovo (LNVGY) and IBM (IBM), could become COO and president for global commercial sales at Dell. An announcement may come as early as today, the sources say. Reference Link
March 22, 2015
16:42 EDTINTCChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
07:24 EDTBRCM, INTCBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
10:46 EDTINTCChinese firms using IBM technology in server chips, WSJ says
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09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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March 18, 2015
06:34 EDTTXNTexas Instruments 2015 estimates have upside, says Citigroup
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05:52 EDTQCOMQualcomm to play larger role for China smartphone production, DigiTimes says
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March 16, 2015
06:09 EDTQCOMStocks with implied volatility below IV index mean; CSCO QCOM
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