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Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:43 EDTTXN, NVDA, BRCM, MUAnalyst 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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November 28, 2014
07:43 EDTNVDAHP results an incremental positive for PC and Server industry, says B. Riley
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07:04 EDTMUDRAM market to grow 34% in 2014, says JPMorgan
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06:12 EDTMUMicron implied volatility of 31 at lower end of index mean range
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06:06 EDTBRCMStocks with implied volatility movement; RIG BRCM
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November 26, 2014
12:34 EDTBRCMApple Pay competitor to reportedly launch in China, WantChinaTimes says
China UnionPay, the largest issuer of credit and debit cards in China, is promoting a mobile payment system for smartphones that use Google's (GOOG) Android operating system, China Business News reported, according to WantChinaTimes. The service will use NFC technology like Apple;'s (AAPL) Apple Pay, and launch in the third quarter of 2015, WantChina Times quoted the China Business News article as saying. NXP Semiconductors (NXPI) and Broadcom (BRCM) manufacture NFC chips. Reference Link
09:35 EDTTXNActive equity options trading
Active equity options trading according to Track Data: AAPL HPQ SDRL TASR FB TXN NFLX AMZN TWTR PBR
06:10 EDTMUMicron implied volatility of 31 at lower end of index mean range
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November 24, 2014
08:33 EDTMUMicron estimates raised on solid DRAM demand at Goldman
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November 23, 2014
17:02 EDTNVDASamsung files complaint aimed at blocking Nvidia chips, Bloomberg says
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November 19, 2014
10:54 EDTNVDANVIDIA discloses Samsung files patent infringement suit
NVIDIA (NVDA) disclosed in a regulatory filing that on November 10, Samsung (SSNLF) filed a complaint against NVIDIA and Velocity Micro, in the United States District Court for the Eastern District of Virginia. The complaint alleges that NVIDIA infringed six patents and falsely advertised that the Tegra K1 processor is the world’s fastest mobile processor. Samsung seeks unspecified damages and an injunction prohibiting NVIDIA from any future violations. NVIDIA has not yet responded to the complaint.
10:29 EDTMUGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
08:13 EDTMUMicron announces CFO Foster to retire in 2015
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07:36 EDTTXNUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
05:58 EDTMUMicron implied volatility of 32 at lower end of index mean range
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05:54 EDTBRCMStocks with implied volatility movement; URBN BRCM
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November 17, 2014
09:36 EDTMUActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
07:52 EDTNVDADepartment of Energy awards $425M for supercomputing technologies
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06:08 EDTMUMicron implied volatility of 33 at lower end of index mean range
November 14, 2014
16:52 EDTMUGreenlight Capital gives quarterly update on stakes
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