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Stock Market & Financial Investment News

News Breaks
April 7, 2014
13:05 EDTSWKS, SNDK, SSNLF, MU, NXPI, AVGOAnalyst says semiconductor stocks attractive after decline
Many semiconductor stocks are attractive following their recent decline, research firm Sterne Agee wrote in a note to investors earlier today. WHAT'S NEW: The fundamental medium to long-term outlook for semiconductor stocks hasn't changed, Sterne Agee analyst Vijay Rakesh wrote. The companies in the sector should benefit from strong product sales, market share gains and earnings leverage, Rakesh believes. The valuation of stocks in the sector is attractive, with Micron (MU), NXP Semiconductor (NXPI), Avago (AVGO), Skyworks (SWKS) and SanDisk (SNDK) having particularly attractive valuations, the analyst contended. Micron and SanDisk should benefit from improved supply/demand dynamics in the flash memory market, while NXP Semiconductor should be boosted by stronger Chinese auto sales, according to Rakesh. The upcoming launch of Samsung's (SSNLF) Galaxy S5 smartphone and the continued development of 4G networks in China should help Skyworks, the analyst wrote. PRICE ACTION: In early afternoon trading, Micron fell 4% to $21.70, NXP Semiconductors slid 3% to $55.85, Avago dropped 3% to $60, Skyworks lost 0.7% to $36, and SanDisk fell 3% to $78.
News For MU;NXPI;AVGO;SWKS;SNDK;SSNLF From The Last 14 Days
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August 21, 2014
09:00 EDTAVGO, NXPISeveral semi companies have positive read through from deal, says Sterne Agee
After Infineon (IFNNY) bought International Rectifier (IRF), Sterne Agee thinks the deal indicates that the shares ofother players in the sector - including Spansion (CODE), NXP Semiconductors (NXPI), and Avago (AVGO) - can rise further. The firm keeps Buy ratings on the latter three stocks.
08:49 EDTSNDKSanDisk gross margins to get boost from FIO, says Sterne Agee
Sterne Agee expects SanDisk's gross margins to be boosted from the integration of the FIO Enterprise SSD unit, whose acquisition closed on July 23. The firm adds that the company's new Malaysia factory should drive its tax rate lower over time. Sterne Agee keeps a $125 price target and Buy rating on the shares.
06:58 EDTSSNLFLarge-size panel demand increases in Q2 with LG Display in lead, DigiTimes says
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06:12 EDTSSNLF, MU, SNDKDRAM prices making downward correction with oversupply concerns, DigiTimes says
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05:50 EDTSNDKStocks with implied volatility movement; QCOM SNDK
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August 20, 2014
09:32 EDTSSNLFSamsung, Barnes & Noble announce new Samsung Galaxy Tab 4 NOOK
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August 19, 2014
15:48 EDTSSNLFCNET to hold a live blog
CNET holds a live blog of the unveiling of Samsung and Barnes & Noble's Nook tablet in New York on August 20 at 9:30 am. Webcast Link
06:29 EDTAVGOMorgan Stanley remains a buyer of Avago
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06:22 EDTSSNLFSamsung acquires Quietside to boost 'smart home' business, Reuters says
Samsung announced that it purchased air conditioner firm Quietside in an effort to boost its "smart home" division, according to Reuters, citing a statement from the company. Samsung said, "Because air conditioning products are a necessity in all buildings, including homes and offices, this acquisition is expected to be of help to our future smart home business." Reference Link
August 18, 2014
16:52 EDTNXPIOn The Fly: Closing Wrap
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12:18 EDTNXPIThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:29 EDTNXPI, AVGOGoldman cuts sector view on semiconductors to Cautious
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10:01 EDTNXPIOn The Fly: Analyst Downgrade Summary
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09:16 EDTSSNLFSamsung mulls manufacturing smartphones in Jakarta, WSJ says
Samsung is contemplating whether or not to manufacture smartphones at its Jakarta, Indonesia facility, according to The Wall Street Journal, citing comments from a company spokeswoman in an e-mailed statement. Reference Link
09:03 EDTNXPIOn The Fly: Pre-market Movers
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08:36 EDTNXPINXP Semiconductors shares should be bought, says Sterne Agee
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08:04 EDTAVGO, NXPISemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
06:10 EDTNXPINXP Semiconductors downgraded at Goldman
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06:03 EDTSSNLFAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
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05:44 EDTNXPINXP Semiconductors downgraded to Sell from Neutral at Goldman
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