New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2013
10:00 EDTROSE, RIG, ATW, MMC, TXN, ADM, KYO, AFFY, LO, OKS, LSI, MO, CL, MDP, CHMT, TSN, TC, ATMLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Neutral from Buy at BofA/Merrill... Archer Daniels (ADM) downgraded to Market Perform from Outperform at BMO Capital... Atmel (ATML) downgraded to Market Perform from Outperform at FBR Capital... Colgate-Palmolive (CL) downgraded to Neutral from Buy at BofA/Merrill... LSI Corp. (LSI) downgraded to Market Perform from Outperform at FBR Capital... Texas Instruments (TXN) downgraded to Equal Weight from Overweight at Evercore... Thompson Creek (TC) downgraded to Reduce from Hold at TD Securities... ONEOK Partners (OKS) downgraded to Neutral from Outperform at Credit Suisse... Marsh & McLennan (MMC) downgraded to Hold from Buy at Sandler ONeill... Altria Group (MO) downgraded at BofA/Merrill... Oceaneering (OII) downgraded to Neutral from Outperform at Macquarie... Tyson Foods (TSN) downgraded to Equal Weight from Overweight at Stephens... Lorillard (LO) downgraded to Underperform from Buy at CLSA... Colgate-Palmolive (CL) downgraded at BofA/Merrill... Atwood Oceanics (ATW) downgraded to Neutral from Outperform at Macquarie... Transocean (RIG) downgraded to Neutral from Outperform at Macquarie... Chemtura (CHMT) downgraded to Perform from Outperform at Oppenheimer... Meredith (MDP) downgraded to Neutral from Overweight at Piper Jaffray... Affymax (AFFY) downgraded to Neutral from Buy at Lazard Capital... Kyocera (KYO) downgraded to Neutral from Buy at BofA/Merrill... Rosetta Resources (ROSE) downgraded to Sell from Hold at Miller Tabak.
News For MO;ADM;ATML;LSI;TXN;TC;OKS;MMC;TSN;LO;ATW;CHMT;AFFY;RIG;MDP;KYO;ROSE;CL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 23, 2015
17:10 EDTTCRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.
July 22, 2015
17:30 EDTTXNTexas Instruments moves up fractionally after Q2 results, guidance
16:36 EDTTXNTexas Instruments notes weak demand in communications equipment
The company commented on Q2: "Revenue declined 2% year over year, inclusive of notably weak demand in communications equipment and continued strong demand in automotive. Even so, our core businesses of Analog and Embedded Processing, together, grew slightly year over year and comprised 85% of second-quarter revenue. Analog delivered its eighth consecutive quarter of year-over-year growth. Gross margin of 58.2% was up 1 percentage point from a year ago, reflecting the diversity and longevity of our product portfolio, as well as the efficiency of our manufacturing strategy"
16:33 EDTTXNTexas Instruments sees Q3 EPS 62c-72c, consensus 75c
Subscribe for More Information
16:31 EDTTXNTexas Instruments reports Q2 EPS 65c, consensus 65c
Reports Q2 revenue $3.23B, consensus $3.26B.
15:26 EDTTXNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
14:51 EDTTXNEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
14:14 EDTTXNEarnings Watch: TI upgraded at UBS, Raymond James since last report
Texas Instruments (TXN) is expected to report second quarter earnings after the close on Wednesday, July 22, with a conference call scheduled for 5:30PM EDT. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 65c on revenue of $3.26B. The consensus range is 64c-68c on revenue of $3.25B-$3.31B, according to First Call. In its previous earnings release, Texas Instruments said it expected Q2 EPS of 60c-70c on revenue of $3.12B-$3.38B. LAST QUARTER: On April 22, Texas Instruments reported Q1 earnings per share of 61c, falling just short of the consensus 62c forecast. Its Q1 revenue was $3.15B, below the consensus forecast of $3.2B. NEWS: Less than one week after reporting Q1 earnings, Texas Instruments announced that it was working with SIGFOX to increase IoT deployments using the Sub-1 GHz spectrum. On June 18, Texas Instruments named Janet Clark to its board of directors, which was made effective on July 15. Clark, who spent the first 20 years of her career in investment banking and financial consulting before serving as CFO at several energy companies, most recently spent a decade at Marathon Oil (MRO). STREET RESEARCH: On the day after TI's last earnings report, Bank of America Merrill Lynch downgraded the stock to Neutral and lowered its price target to $59 from $62. The firm said 2015 sales growth will substantially decelerate and noted it expected shares to remain range-bound until visibility returns. Four days later, Raymond James upgraded Texas Instruments to Strong Buy with a $62 price target. The firm said at the time that the recent pullback in shares provided positive risk/reward given the company's dominant share in analog, high free cash flow and strong channel relationships. On July 20, UBS upgraded Texas Instruments to Buy from Neutral since its proprietary model suggested that the company's Q2 revenues should beat consensus by 2%. The firm said with the recent pullback, expectations for bad news and evidence of stable demand its Q2 revenue beat should surprise the Street view. UBS maintained its $55 price target on Texas Instruments shares. PRICE ACTION: In afternoon trading, Texas Instruments shares were down 2% at $49.24. Over the last three months, TI shares have dropped about 16%.
12:35 EDTTXNAnalog chip makers fall after Linear cites weak end market demand
Subscribe for More Information
11:00 EDTTXNTexas Instruments technical notes ahead of earnings
Subscribe for More Information
09:48 EDTTXNTexas Instruments retesting recent low, levels to watch
The shares are at $48.48 at time of writing, close to the low of July 9th at $48.09. On a breakdown below that low, next support would be at $47.53. Resistance is at $49.32, the 10-day moving average.
July 21, 2015
13:28 EDTTXNTexas Instruments July weekly volatility elevated into Q2 and outlook
Subscribe for More Information
10:01 EDTMDP, CLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:17 EDTMDPMeredith initiated with a Hold at Jefferies
Subscribe for More Information
July 20, 2015
17:13 EDTROSENoble Energy closes acquisition of Rosetta Resources
Noble Energy (NBL) announced that the stockholders of Rosetta Resources (ROSE) overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. The transaction closed following the shareholder meeting and the merger will be effective at the end of the day. In conjunction with the closing, Rosetta will become a wholly owned subsidiary of Noble Energy and Rosetta CEO James Craddock will join the Noble Energy board. Highlights of the acquisition for Noble Energy include: Approximately 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian; Year-end 2014 proved reserves of 282M barrels of oil equivalent; Current production of approximately 63 thousand barrels of oil equivalent per day; More than 1,800 gross horizontal drilling locations identified for development, with net unrisked resource potential of approximately 1B barrels of oil equivalent; Noble Energy anticipates more than 15% annual production growth to an average of more than 100 thousand barrels of oil equivalent per day in 2018; Substantial operational synergies expected across the combined onshore U.S. portfolio.
16:35 EDTCLColgate-Palmolive initiated with a Buy at Sterne Agee CRT
Subscribe for More Information
10:00 EDTTXNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:48 EDTTXNTexas Instruments upgraded to Buy at UBS
As reported previously, UBS upgraded Texas Instruments to Buy from Neutral as their proprietary model suggests Q2 revenues should beat consensus by 2%. The firm said with the recent pullback, expectations for bad news and evidence of stable demand its Q2 revenue beat should surprise the Street view. UBS maintained its $55 price target on Texas Instruments shares.
08:25 EDTROSERosetta Resources to host special shareholder meeting
Subscribe for More Information
07:59 EDTTXNTexas Instruments upgraded to Buy from Neutral at UBS
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use