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Stock Market & Financial Investment News

News Breaks
April 25, 2014
08:18 EDTMU, SNDK, KLACMicron SanDisk have positive read through from KLA-Tencor, says Sterne Agee
Sterne Agee believes that comments from KLA-Tencor (KLAC) suggest that the growth of flash memory production is slowing. The firm views these comments as significantly positive for Micron (MU) and SanDisk (SNDK), and keeps a Buy rating on both stocks.
News For MU;SNDK;KLAC From The Last 14 Days
Check below for free stories on MU;SNDK;KLAC the last two weeks.
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August 29, 2014
08:24 EDTMUMicron should be bought at current levels, says Jefferies
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August 28, 2014
07:15 EDTMUMicron, Hynix to respond to Samsung DRAM capacity ramp, DigiTimes says
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06:18 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 22, Walgreen (WAG) 19 according to iVolatility.
August 27, 2014
07:43 EDTSNDK, KLACJefferies to hold a summit
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06:07 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 26, 2014
06:09 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 25, 2014
06:15 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
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August 22, 2014
05:44 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 23, Walgreen (WAG) 20 according to iVolatility.
August 21, 2014
10:17 EDTMUStocks with call strike movement; MU HTZ
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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.
06:12 EDTSNDK, MUDRAM 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 15, 2014
11:42 EDTKLACApplied Materials rises following strong profit, gross margin, order growth
Shares of semiconductor equipment maker Applied Materials (AMAT) are advancing after posting strong third quarter profit, adjusted gross margin, and order growth. WHAT'S NEW: Last night, Applied Materials reported Q3 adjusted earnings per share of 28c and revenue of $2.27B, compared to analysts’ consensus estimates of 27c and $2.29B, respectively. Q3 adjusted gross margin came in at 45.5%, up 260 basis points year-over-year, and up 130 basis points sequentially. Q3 orders of $2.48B, increased 24% year-over-year led by SSG year-over-year order growth of $362M. President and CEO Gary Dickerson said, “We have focused our strategy and investments in areas that have the largest impact for customers while driving improvements in execution and speed across the company. With these actions, we have improved our operating margins for seven quarters in a row and are making substantial progress towards our long-term financial model." WHAT’S NOTABLE: For the fourth quarter, Applied Materials expects adjusted EPS of 25c-29c, versus consensus of 26c. Q4 revenue is expected to be approximately flat, plus or minus 3% sequentially, and up by approximately 10%-17% from the year-ago period, compared to consensus of $2.28B. PRICE ACTION: In late morning trading, Applied Materials rose $1.04, or about 5%, to $22.19 on heavy trading volume. Including today’s advance, the stock has gained approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor equipment space include Lam Research (LRCX), Kulicke and Soffa (KLIC), and KLA-Tencor (KLAC).

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