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Stock Market & Financial Investment News

News Breaks
April 4, 2014
11:49 EDTMU, PCLNStocks with call strike movement; MU PCLN
Micron (MU) July 26 call option implied volatility decreased 11% to 38, Priceline (PCLN) July 1440 call option implied volatility increased 4% to 34 according to IVolatility.
News For MU;PCLN From The Last 14 Days
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September 25, 2014
16:47 EDTMUMicron sees Q1 revenue $4.45B-$4.7B, consensus $4.36B
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16:19 EDTMUMicron says Q4 consolidated gross margin declined vs. Q3
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16:02 EDTMUMicron reports Q4 EPS 82c, consensus 81c
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15:48 EDTMUMicron technical comments ahead of results
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15:34 EDTMUMicron September weekly 31 straddle priced for 6.8% move into Q4
15:29 EDTMUNotable companies reporting after market close
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12:29 EDTMUEarnings Preview: Several analysts positive on Micron ahead of Q4 report
Micron (MU) is expected to report fourth quarter earnings after the close on Thursday, September 25, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory. EXPECTATIONS: Analysts are looking for earnings per share of 81c on revenue of $4.15B. The consensus range is 66c-$1.03 for EPS on revenue of $4.05B-$4.3B, according to First Call. LAST QUARTER: On June 23, Micron reported third quarter EPS of 79c, compared to the 70c consensus estimate of analysts. Micron's quarterly revenue of $3.98B beat expectations for $3.89B. Revenues for both DRAM and NAND Flash products were down slightly for the quarter compared to the prior quarter. The company’s overall consolidated gross margin of 34% for the third quarter was consistent with the second quarter, as mix-related decreases in average selling prices were essentially offset by corresponding decreases in manufacturing costs. STREET RESEARCH: On the day after its last report, Needham upgraded Micron to Strong Buy from Buy and raised its price target for the shares to $50 from $40. The firm said then that it expected NAND gross margins to improve in 2015 and recommended investors look past the company's Q4 margin guidance. On July 31, Goldman and Sterne Agee issued competing views on how comments from Samsung could impact Micron. On that day, Sterne Agee reported that Samsung said its DRAM bit growth in the second half of 2014 would be limited, while its 2015 bit growth will drop compared to this year. The firm saw the guidance as "a major positive" for Micron and SanDisk (SNDK) and kept Buy ratings on both. However, Goldman said Samsung's increased DRAM bit supply growth forecast was an incremental negative for Micron. Goldman continues to have a Neutral rating on shares of Micron. More recently, Sterne Agee said Micron's stock has lagged due to concerns about potentially weaker Q4 DRAM prices and worries about NAND seasonality. The firm thinks these concerns are misplaced and continues to view Micron as a beneficiary of industry consolidation over the long-term. The firm keeps a $40 price target and Buy rating on Micron. Wedbush said it expects Micron's Q4 results to beat consensus expectations and for the company to provide upbeat commentary. The firm thinks that investor sentiment towards the stock has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on memory market dynamics heading into 2015 and keeps a $37 price target and Outperform rating on the shares. UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report. PRICE ACTION: Since the day after last quarter's report, shares of Micron have advanced about 1%. Ahead of tonight's report, Micron was down over 2% to $31.54 in afternoon trading.
09:06 EDTMUMicron volatility increases into Q4 an outlook
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07:46 EDTMUMicron Q4 results should be in line or better, says UBS
UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report.
September 24, 2014
15:26 EDTMUMicron September weekly 32 straddle priced for 6.6% move into Q4
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11:16 EDTMUMicron volatility increases into Q4 an outlook
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09:23 EDTMUMicron shares should be bought into earnings, says Sterne Agee
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06:23 EDTMUMicron in talks with PTI for IC packaging/testing firm, DigiTimes reports
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September 23, 2014
09:10 EDTMUMicron should deliver beat and raise results, says Wedbush
Wedbush expects Micron to report beat and raise Q4 results and provide upbeat commentary. The firm thinks that investor sentiment towards the name has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on the memory market supply/demand dynamics heading into 2015. It keeps a $37 price target and Outperform rating on the shares.
September 22, 2014
12:11 EDTPCLNTripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the
09:03 EDTMUMicron margin poised to expand, says Stifel
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September 19, 2014
14:09 EDTMUMicron volatility elevated into Q4 an outlook
Micron September weekly call option implied volatility is at 67, October weekly is at 54, October is at 41. November is at 39, January is at 38; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on September 25.
11:23 EDTMUStocks with call strike movement; YHOO MU
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September 18, 2014
06:45 EDTMUMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 16, 2014
09:36 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
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