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Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:43 EDTMU, NVDA, TXN, BRCMAnalyst sees value in semiconductors, upgrades several in space
Shares of several semiconductor companies are rising after their shares were upgraded to Outperform from Sector Perform by RBC Capital in a note to investors earlier today. WHAT'S NEW: The stock multiples of semiconductor makers should be higher, RBC Capital argued in a note about the sector. In conjunction with that note, the firm upgraded its ratings on several names in the space, including, Micron (MU), NVIDIA (NVDA), Texas Instruments (TXN), and Broadcom (BRCM). Micron, which develops computer memory products, should benefit from higher gross margins generally and strong prices for DRAM in particular given tight supplies, RBC analyst Doug Freedman wrote. Additionally, Micron could return cash to shareholders, he stated. Freedman raised his price target on the shares to $34 from $27. NVIDIA is likely to benefit as it sells chips for use in higher value markets, such as gaming systems and automobiles, the analyst contended. Moreover, NVIDA's past investments should allow it to control its spending more tightly going forward, resulting in strong cash flows, according to Freedman. The company's current strategies are more likely to enable its free cash flow to grow than its previous strategies, the analyst indicated, hiking his price target on the stock to $26 from $21. Like NVIDIA, Texas Instruments is likely to benefit as it sells chips into more lucrative markets, according to Freedman. In Texas Instruments' case, these markets include communications and industrial sectors, as well as the automotive space, he wrote. Freedman increased his price target on TI's shares to $57 from $49. Finally, Broadcom should benefit from strength in both its core broadband business and its Infrastructure & Networking Group, the analyst believes. Given the outlook for those businesses, the stock is undervalued, he contended. Also likely to boost the company is stronger demand for its mobile and wireless products due to the proliferation of advanced connectivity systems such as LTE, the analyst believes. The analyst raised his price target on Broadcom to $40 from $33.
News For MU;NVDA;TXN;BRCM From The Last 14 Days
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July 22, 2014
07:04 EDTTXNSpansion has positive read through from Texas Instruments, says Sterne Agee
Sterne Agee believes that Texas Instruments' (TXN) commentary on 4G telecom, auto and industrial strength should be positive for Spansion (CODE). The firm keeps a Buy rating on Spansion.
07:02 EDTTXNNXP Semi has positive read through from Texas Instruments, says Sterne Agee
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July 21, 2014
18:24 EDTTXNTexas Instruments expects to continue to hold CapEx at low levels
Sees CapEx around 4% of revenues going forward. Says spending across the company has been "disciplined." Says restructuring charges expected to be nil in Q3. Expects utilization in Q3 to remain consistent with Q2 levels. Says any potential M&A would be in the analog space. Comments from company's Q2 earnings conference call.
16:36 EDTTXNTexas Instruments reports Q2 gross margin of 57.1%
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16:32 EDTTXNTexas Instruments sees Q3 EPS 66c-76c, consensus 68c
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16:31 EDTTXNTexas Instruments reports Q2 EPS 62c , consensus 59c
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15:30 EDTTXNNotable companies reporting after market close
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15:29 EDTTXNTexas Instruments July weekly 49 straddle priced for 3% move into Q2
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14:21 EDTTXNEarnings Preview: Analysts optimistic on TI ahead of Q2 report
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12:41 EDTBRCMIntel 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.
07:55 EDTBRCM Broadcom July weekly volatility elevated into Q2 and outlook
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06:56 EDTNVDANvidia August volatility elevated into Q2 and outlook
Nvidia August call option implied volatility is at 34, September is at 31, December is at 29; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 8.
July 18, 2014
11:42 EDTTXN, BRCM, MUAMD plummets after profit miss, analyst downgrades
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06:02 EDTMUDRAMeXchange: Global DRAM module sales grew 32% in 2013, DigiTimes says
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July 17, 2014
09:03 EDTTXNTexas Instruments July weekly volatility elevated into Q2 and outlook
Texas Instrument July weekly call option implied volatility is at 24 August is at 22, October is at 19; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
July 16, 2014
18:26 EDTMUOn The Fly: After Hours Movers
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13:44 EDTMUEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
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11:29 EDTTXN, BRCMIntel hits 52-week high after results beat estimates
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06:20 EDTMUDRAM chip prices likely to increase 10% in July, DigiTimes reports
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July 15, 2014
11:07 EDTMUStocks with call strike movement; MU FB
Micron (MU) October 37 call option implied volatility increased 2% to 39, Facebook (FB) December 75 call option implied volatility increased 3% to 38 according to IVolatility.
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