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Stock Market & Financial Investment News

News Breaks
June 12, 2014
16:07 EDTINTCIntel raise Q2 revenue view to $13.7B +/- $300M, consensus $13.02B
Intel now expects Q2 revenue to be $13.7B, plus or minus $300M, as compared to the previous range of $13.0B, plus or minus $500M, as a result of stronger than expected demand for business PCs. The company is forecasting the mid-point of the gross margin range to increase by 1 point to 64 percent, plus or minus a couple of percentage points, driven mostly by higher PC unit volume.
News For INTC From The Last 14 Days
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March 13, 2015
07:27 EDTINTC, INTCIntel upgraded to Underperform from Sell at CLSA
CLSA upgraded Intel to Underperform with a $31 price target to reflect limited downside to shares.
06:23 EDTINTCIntel upgraded to Buy from Hold at Canaccord
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March 12, 2015
16:25 EDTINTCOn The Fly: Closing Wrap
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15:56 EDTINTCIDC lowers PC outlook for 2015, says long-term outlook slightly improved
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14:42 EDTINTCMicrosoft reiterated as an Underperform following Intel warning at BofA/Merrill
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14:00 EDTINTCHP removed from Focus List at Citigroup
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13:06 EDTINTCHP rises fractionally despite Barclays downgrade, Intel guidance cut
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12:44 EDTINTCIntel price target lowered to $40 from $50 at Drexel Hamilton
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12:29 EDTINTCOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday. A slight bounce in the euro overnight lifted overseas markets and U.S. stocks followed. Stock futures were higher during early pre-market trading, then strengthened further following the report of lower than expected retail sales figures for last month, which gave investors hope the Fed will wait longer to raise interest rates. ECONOMIC EVENTS: In the U.S., headline retail sales fell 0.6% in February compared to the prior month, missing expectations for an increase of 0.3%. Retail sales excluding autos and gas declined 0.2%, versus the consensus estimate for a month-over-month increase of 0.3%. Initial jobless claims fell to 289K in the week ended March 7, versus the consensus forecast for 305K first-time claims. Business inventories were flat in January, versus the consensus forecast for them to grow 0.1%. In Asia, the Bank of Korea cut rates for the third time since last August, lowering its base rate to the historical low level of 1.75%. The decision came as a surprise, more in terms of the timing than the cut itself. Data from China showed the nationís M2 money supply growth picked up in February and its banksí new loan creation came in higher than expected as well. COMPANY NEWS: Shares of Intel (INTC) fell 4% after the chip-making giant lowered its Q1 revenue outlook to $12.8B, plus or minus $300M, compared to the previous expectation of $13.7B, plus or minus $500M, citing weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Some other stocks levered to PCs also slid, with Microsoft (MSFT) declining 2% and Advanced Micro Devices (AMD) sliding 3.5%. Hewlett-Packard (HPQ) shares were up fractionally, despite Intel's news and the fact that Barclays downgraded HP's stock this morning to Equal Weight, saying the weak euro could impact demand for PCs and printers... Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC), after the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime. MAJOR MOVERS: Among the notable gainers was Amarin (AMRN), which jumped 27% after H.C. Wainwright upgraded the stock to Buy and raised its price target for shares to $10 from $2.50, citing management's commitment to completing the Vascepa outcomes' study REDUCE-IT. Also higher was Lumber Liquidators (LL), which rose 12.5% after the company held a call to update on the impact that 60 Minutes' recent critical report has had on its business. As part of the call, the flooring retailer reported on its recent sales trends, gave Q1 guidance and said it believes its cash flow from operations and existing liquidity sources will be sufficient to fund operations and anticipated capital expenditures for the "foreseeable future." Among the noteworthy losers was ACADIA (ACAD), which dropped 25% after announcing that it will delay submitting its NUPLAZID NDA for the treatment of Parkinsonís disease psychosis by two or three quarters and reporting that its CEO has retired. Also lower following their first earnings reports since coming public was Box, Inc. (BOX), which dropped 15%. INDEXES: Near midday, the Dow was up 183.31, or 1.04%, to 17,818.70, the Nasdaq was up 26.68, or 0.55%, to 4,876.62, and the S&P 500 was up 18.56, or 0.91%, to 2,058.80.
11:04 EDTINTCIntel cut on PC weakness a slight negative for Micron, Marvell, says Ladenburg
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10:06 EDTINTCQualcomm could lose 'important part' of Apple business, The Information says
Qualcomm (QCOM) could lose "an important part" of its business at Apple (AAPL) to new component makers and Intel (INTC), said The Information's Amir Efrati. Reference Link
09:54 EDTINTCPiper calls Intel warning 'disappointing,' keeps Overweight rating
Piper Jaffray calls Intel's (INTC) reduced Q1 outlook "disappointing" but says it continues to expect a modest consumer refresh cycle later this year to partially offset the declines in the corporate segment. It keeps an Overweight rating on Intel. Piper notes it still views Micron (MU) positively despite the weakness in PCs highlighted by Intel. It finds the stock attractively valued.
09:52 EDTINTCIntel falls after warning on Q1, levels to watch
Shares are down 3.5% to $31.21 at time of writing. At that price support is at the session low at $30.58 and then at $29.65. Resistance is at $31.99. The bearish head and shoulders top we noted earlier this week is now active, with downside potential to the $27 area.
09:43 EDTINTCIntel revenue cut weighs on semiconductor names
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09:07 EDTINTCIntel volatility elevated into lower Q1 revenue outlook
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09:04 EDTINTCMicrosoft drops after Intel cuts Q1 revenue outlook on PC weakness
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09:02 EDTINTCIntel cuts Q1 revenue view to $12.8B plus or minus $300M, consensus $13.7B
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09:01 EDTINTCIntel cuts Q1 revenue outlook
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08:32 EDTINTCJPMorgan says report of Intel iPhone win makes sense
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08:18 EDTINTCANSYS announces collaboration with Intel
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