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Stock Market & Financial Investment News

News For MSFT;INTC;DELL;HPQ;WDC;STX;EMC;QCOM From The Last 14 Days
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March 30, 2015
07:12 EDTINTCAltera volatility increases on buy report
Altera (ALTR) April call option implied volatility is at 64, June is at 39; compared to its 26-week average of 26 according to Track Data, suggesting large price movement after the Wall Street Journal reported Friday that Intel (INTC) is in advanced talks to acquire the company.
06:59 EDTQCOMUnited Microelectronics begins construction of 12-inch fab, DigiTimes says
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06:23 EDTINTCAltera buyout would be slight positive for Intel, Xilinx, says Citigroup
Citigroup believes Intel's (INTC) potential acquisition of Altera (ALTR), as reported Friday by The Wall Street Journal, would be a slight positive for Intel since Altera's business is high-margin and grows faster than the overall semi sector. Citi also believes the deal would potentially improve Xilinx’s (XLNX) competitive positioning since Intel's foundry is experiencing challenges and Altera would likely be stuck with using Intel foundry if it were acquired. The firm keeps a Neutral rating on Intel with a $32 price target.
06:20 EDTMSFTMicrosoft buys LiveLoop, terms not disclosed, WSJ reports
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March 29, 2015
18:29 EDTINTCIf Intel buys Altera, Xilinx may become a takeover target, Re/code says
If published reports from Friday of chipmaker Intel's (INTC) intentions to acquire Altera (ALTR) turn out to be accurate, look for Altera peer Xilinx (XLNX) to be a takeover target, says Re/code says. Reference Link
March 27, 2015
19:00 EDTMSFTMicrosoft, Yahoo extend search partnership discussions for 30 days
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16:43 EDTINTCMarket finishes week lower as Yemen conflict, data weigh on shares
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16:23 EDTINTCOn The Fly: Closing Wrap
Stocks opened slightly higher but were unable to gather any upside momentum. They quickly crossed into negative territory but never really picked up speed to the downside. After the slightly better than expected consumer confidence reading, the averages moved back into positive ground where they spent most of the session hovering near the flat line. Near the close, comments by Fed Chair Janet Yellen that an interest rate hike "may be warranted later this year," lifted the averages into positive territory. ECONOMIC EVENTS: In the U.S., real GDP growth was steady at 2.2% in Q4, falling below consensus forecasts for 2.4% growth. GDP price index grew 0.1% on a linked quarter basis, matching expectations. U.S. consumer sentiment fell to 93.0 against consensus of 92.1. The current conditions index dipped to 105.0 from February's 106.9, while the consumer expectations index dropped to 85.3 from 88.0. COMPANY NEWS: Dow Chemical (DOW) and Olin (OLN) were up 3% and 14%, respectively, after announcing that Dow will separate much of its chlorine value chain and merge the entity with Olin in a $5B deal. Additionally, the companies announced a 20-year arrangement in which Dow will supply Olin with ethylene. Late in the session, the Wall Street Journal reported that Intel (INTC) was in talks to acquire Altera (ALTR), sending both stocks higher by 6% and 28%, respectively. MAJOR MOVERS: Among the notable gainers was Carnival (CCL), which rose over 6% after beating earnings expectations and raising FY15 revenue yield guidance. Also higher was BioMarin (BMRN), jumping 11% after speculation of a Shire (SHPG) takeover deal. Among the noteworthy losers was Southern Cooper (SCCO), which fell nearly 4% after the company cancelled its Tia Maria mining project. Also lower was OvaScience (OVAS), down 10% after Oppenheimer reported pushback from academics during the company's presentation of early Augment data. Opco cautioned, however, that criticism of non-trial data is "inevitable" and JMP Securities called the results encouraging. INDEXES: The Dow rose 34.43, or 0.19%, to 17,712.66, the Nasdaq gained 27.86, or 0.57%, to 4,891.22, and the S&P 500 added 4.87, or 0.24%, to 2,061.02.
15:48 EDTINTC Altera calls active on Intel in talks to buy report
Altera (ALTR) April 36 and 37 calls are active after DJ reported Intel (INTC) is in acquisition talks. April call option implied volatility is at 55, May is at 34; compared to its 26-week average of 26 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
15:47 EDTINTCAltera up 22% after WSJ reports Intel in acquisition talks
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15:44 EDTINTCIntel in talks to buy Altera, WSJ reports
Intel (INTC) is in talks to acquire Altera (ALTR) in what would be Intel's largest deal ever, according to the Wall Street Journal, which added that terms of the deal and timing couldn't be learned. Reference Link
15:38 EDTINTCAltera up 12.5% after DJ reports Intel in acquisition talks
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15:36 EDTINTCIntel in talks to buy Altera, DJ reports
10:03 EDTEMCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AEGON (AEG) downgraded to Neutral from Buy at Goldman... Alkermes (ALKS) downgraded to Neutral from Buy at Citigroup... American Eagle (AEO) downgraded to Sell from Neutral at Goldman... ArcelorMittal (MT) downgraded to Sell from Neutral at Citigroup... Black Diamond (BDE) downgraded to Sell from Hold at Feltl... Diodes (DIOD) downgraded to Outperform from Strong Buy at Raymond James... EMC (EMC) downgraded at Pacific Crest... Epizyme (EPZM) downgraded to Neutral from Buy at Citigroup... FutureFuel (FF) downgraded Neutral at Roth Capital... GameStop (GME) downgraded to Neutral from Buy at B. Riley... MSC Industrial (MSM) downgraded to Neutral from Outperform at RW Baird... Pioneer Energy (PES) downgraded to Hold from Buy at Deutsche Bank... Power Integrations (POWI) downgraded to Market Perform at Raymond James... Precision Drilling (PDS) downgraded to Hold from Buy at Deutsche Bank... SanDisk (SNDK) downgraded to Hold from Buy at Evercore ISI... Semtech (SMTC) downgraded to Outperform from Strong Buy at Raymond James... Swiss Re (SSREY) downgraded to Hold from Buy at Jefferies... Vantiv (VNTV) downgraded at SunTrust... Vivendi (VIVHY) downgraded to Underperform from Outperform at Exane BNP Paribas... WESCO (WCC) downgraded to Neutral from Outperform at RW Baird... World Acceptance (WRLD) downgraded to Underperform from Neutral at Macquarie... Zurich Insurance (ZURVY) downgraded to Neutral from Buy at Goldman.
09:37 EDTHPQActive equity options trading on open
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08:03 EDTEMCEMC downgraded at Pacific Crest
As noted earlier, Pacific Crest downgraded EMC to Sector Perform from Outperform. As reasons for the downgrade, the firm cited checks indicating weak Q1 enterprise storage demand, the company's desire to consolidate which could increase near-term execution risks, margin risks due to aggressive pricing, and changes in technology with which the company may not be able to cope.
06:08 EDTINTCMicron, Intel unveil new 3D NAND flash memory
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06:03 EDTHPQHP close to deal to sell control of H3C Technologies, WSJ reports
According to sources, The Wall Street Journal reports Hewlett-Packard is close to a deal to sell a 51% stake in H3C Technologies, its data-networking business in China, to Tsinghua Unigroup. One source cautions that a deal may still be "a few weeks away," adding that it may also include a separate server operation. The business is said to be worth about $5B in total. Reference Link
05:57 EDTMSFT, INTCMicrosoft to push 2 inexpensive notebooks in mid-2015, DigiTimes says
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05:56 EDTEMCEMC downgraded to Sector Perform from Outperform at Pacific Crest
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