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Stock Market & Financial Investment News

News Breaks
March 20, 2012
06:28 EDTHPQ, SNE, MSFT, INTC, DELL, TOSBF, LNVGYPC shipments look to have strong 2H12, Digitimes reports
Worldwide PC shipment growth could be as much as 5% for the year, with most of that growth taking place in H2 with the release of Windows 8 (MSFT) and the buzz surrounding forthcoming ultrabooks, according to IDC and reported in Digitimes. Reference Link
News For MSFT;LNVGY;DELL;SNE;TOSBF;INTC;HPQ From The Last 14 Days
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March 12, 2015
12:44 EDTINTCIntel price target lowered to $40 from $50 at Drexel Hamilton
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12:29 EDTMSFT, INTC, HPQOn 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
10:01 EDTHPQOn The Fly: Analyst Downgrade Summary
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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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09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
09:07 EDTINTCIntel volatility elevated into lower Q1 revenue outlook
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09:04 EDTMSFT, INTC, HPQMicrosoft 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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08:17 EDTSNE'Cinderella' expects $60M in opening weekend, Variety says
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07:51 EDTMSFTAlibaba hiring for cloud computing in Seattle, Silicon Valley, Reuters says
Alibaba (BABA) has begun hiring cloud computing professionals in Seattle and Silicon Valley, reports Reuters, citing postings on LinkedIn. Reuters notes that recruiters in the region suggested Alibaba is "eyeing staff," particularly developers, at Amazon (AMZN), Microsoft (MSFT), and Facebook (FB). According to LinkedIn data, Alibaba has already hired 20 former Microsoft employees. Reference Link
07:19 EDTMSFTUBS to hold a conference
U.S. Software Conference is being held in New York on March 12.
05:58 EDTSNESony Mobile Taiwan says company will not sell mobile business, DigiTimes says
The general manager of Sony Mobile Communications Taiwan Jonathan Lin has said Sony does not have any plans to put its mobile device business unit up for sale, reports DigiTimes. Responding to recent rumors, Lin said Sony mobile is looking to achieve profitable operations in 2015-2016 and reach its goal of having 3-5% operating margins by 2017. Reference Link
05:39 EDTHPQHP downgraded to Equal Weight from Overweight at Barclays
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