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Stock Market & Financial Investment News

News Breaks
June 11, 2014
13:43 EDTSNDK, MUMicron, SanDisk climb after two notch upgrades at BofA/Merrill
Shares of memory technology developers Micron (MU) and SanDisk (SNDK) are rising after Bank of America Merrill Lynch upgraded its rating on both stocks two notches to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: The supply/demand dynamics for Micron and SanDisk are more favorable than BofA/Merrill had previously believed, an analyst at the firm, Simon Dong-je Woo, wrote. Among the reasons for the change in the firm's outlook are higher memory content in laptops and tablets made in China and more aggressive promotion of flash storage by data/network operators. Meanwhile, hurdles will prevent new memory supplies from causing a glut in the market, Woo believes. Both companies should report in-line Q2 results and "upbeat" results in the second half of 2014 and in 2015, the analyst forecast. He increased his price target on Micron to $40 from $22 and on SanDisk to $125 from $80. WHAT'S NOTABLE: Also upbeat today on Micron was Credit Suisse analyst John Pitzer. The company should benefit from strong demand for its DRAM memory technology from companies and other organizations, driven by the proliferation of data tool, Pitzer contended in a note to investors earlier today. He raised his price target on the stock to $50 from $30 and kept an Outperform rating on the shares. PRICE ACTION: In mid-afternoon trading, Micron rose 5.5% to $31 and SanDisk gained 3% to $100.
News For MU;SNDK From The Last 14 Days
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November 24, 2014
08:33 EDTMUMicron estimates raised on solid DRAM demand at Goldman
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November 19, 2014
10:29 EDTSNDK, MUGoogle now top competitor to Apple, Jefferies says
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08:08 EDTSNDKSanDisk Ventures announces investment in Altair Semiconductor
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November 18, 2014
09:56 EDTSNDKOn The Fly: Analyst Initiation Summary
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08:18 EDTSNDKSanDisk initiated with a Buy at BTIG
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08:13 EDTMUMicron announces CFO Foster to retire in 2015
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05:58 EDTMUMicron implied volatility of 32 at lower end of index mean range
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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
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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November 13, 2014
10:01 EDTSNDKOn The Fly: Analyst Upgrade Summary
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05:32 EDTSNDKSanDisk upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded SanDisk to Buy saying the weakening in the yen will likely be a positive for margins in 2015. Goldman raised its price target for shares to $106 from $87.
November 12, 2014
05:51 EDTMUMicron checks show stonger than expected DDR4 demand, says Piper Jaffray
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