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Stock Market & Financial Investment News

News Breaks
July 21, 2014
12:41 EDTBRCM, TSM, INTCIntel advances after analyst predicts mobile unit rebound coming
Shares of Intel (INTC) are advancing in a down market after Wells Fargo wrote that the company's mobile chip business could rebound significantly in coming quarters. WHAT'S NEW: Intel's mobile chip business could boost the company's growth and even enable it to beat earnings expectations, Wells Fargo wrote in a note to investors today. The chip maker's shipments of 4G modems should start rising significantly in the third quarter or fourth quarter of this year, the firm stated. The company has probably won some deals to provide LTE modems for smartphones and Samsung is likely one of the chip maker's initial customers, the firm wrote. Broadcom's (BRCM) decision to exit the baseband market probably improved Intel's position in the 4G market, Wells Fargo contended. Meanwhile, Intel said that by this year's holiday season, it should be ready to launch chips for mobile devices that are smaller than those of a key competitor, TSMC (TSM), Wells noted. Sales generated by Intel's mobile and communications unit may have bottomed last quarter or could do so during the current quarter, the firm believes. The unit's operating losses are likely to drop throughout this year, before falling sharply in the quarter ended March 2015, Wells estimated. The unit may approach break even by the end of 2015, the firm added. Wells kept an Outperform rating on the stock. WHAT'S NOTABLE: On July 15, Intel reported stronger than expected results for its quarter ended in June. PRICE ACTION: In early afternoon trading, Intel rose 43c, or 1.3%, to $34.13.
News For INTC;TSM;BRCM From The Last 14 Days
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July 16, 2015
05:29 EDTINTCIntel upgraded to Hold from Sell at Ascendiant
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July 15, 2015
19:03 EDTINTCOn The Fly: After Hours Movers
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18:05 EDTINTCIntel pulls semiconductor peers higher after reporting Q2 results
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17:06 EDTINTCIntel lowers CapEx view to $7.7B plus or minus $500M
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16:42 EDTINTCIntel advances 4.58% after reporting Q2 results and guidance
16:31 EDTINTCIntel CFO says 'can already see transformation of business in results'
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16:27 EDTINTCIntel lowers FY15 revenue view to down 1% from prior view of flat
Consensus for FY15 revenue is $54.77B. The Intel CFO commented, "Turning to the full year 2015, we are forecasting revenue to be down approximately 1% from 2014, down from our prior Outlook of approximately flat. We are forecasting the midpoint of the gross margin range for the full year 2015 to be 61.5%, up 0.5 point from our prior Outlook."
16:14 EDTINTCIntel reports Q2 Client Computing Group revenue of $7.5B
Reports Q2 Client Computing Group revenue of $7.5B up 2 % sequentially and down 14% year-over-year ;Data Center Group revenue of $3.9B, up 5% sequentially and up 10% year-over-year; Internet of Things Group revenue of $559M up 5% sequentially and up 4% year-over-year; Software and services operating segments revenue of $534M flat sequentially and down 3% year-over-year.
16:08 EDTINTCIntel reports Q2 gross margin 62.5%
16:07 EDTINTCIntel sees FY15 CapEx $7.7B plus or minus $500M
16:06 EDTINTCIntel sees FY15 revenue down approximately 1% , consensus $54.77B
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16:05 EDTINTCIntel sees Q3 revenue $14.3B, plus or minus $500M, consensus $14.1B
Sees Q3 gross margin percentage: 63%,plus or minus a couple of percentage points.
16:03 EDTINTCIntel reports Q2 EPS 55c, consensus 50c
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16:00 EDTINTCOptions Update; July 15, 2015
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14:56 EDTINTCIntel July 29.5 straddle priced for 5% movement into Q2
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14:53 EDTINTCNotable companies reporting after market close
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10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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07:31 EDTINTCIntel target lowered, removed from Franchise Pick list at Jefferies
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06:48 EDTINTCIntel initiated with a Neutral at Mizuho
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05:53 EDTTSMTSMC cuts 28nm and 20nm prices by 5%-10%, DigiTimes reports
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