New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 24, 2015
14:35 EDTMUMicron retreats amid pricing, Apple worries but analysts defend shares
Subscribe for More Information
12:42 EDTMUOn The Fly: Midday Wrap
Subscribe for More Information
12:26 EDTMUMicron weakness a buying opportunity, says Sterne Agee
Subscribe for More Information
12:15 EDTMUMicron sell-off 'totally unwarranted,' says Summit Research
Subscribe for More Information
11:48 EDTMUMicron says not seeing pricing decline alluded to in 'boutique firm' report
Subscribe for More Information
11:40 EDTMUStocks with call strike movement; MU EBAY
Subscribe for More Information
11:38 EDTMUMicron pullback a buying opportunity, says JPMorgan
Subscribe for More Information
10:43 EDTMUMicron drop on Apple speculation presents buying opportunity, says Stifel
Subscribe for More Information
09:46 EDTMUMicron falls sharply, levels to watch
Subscribe for More Information
09:46 EDTMUMicron's May guidance looks increasingly challenged, says Cleveland Research
Subscribe for More Information
February 23, 2015
10:38 EDTMUMicron management to meet with Pacific Crest
Subscribe for More Information
February 18, 2015
09:59 EDTSNDKSanDisk calls active on renewed takeover chatter
SanDisk February 81 and 83 calls are active on total call volume of 1500 contracts (600 puts) on renewed takeover chatter. February call option implied volatility is at 41, March and April is at 29, July is at 31; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:42 EDTSNDKRumor: SanDisk moves up on renewed takeover chatter
Subscribe for More Information
08:19 EDTMUMicron profitability can improve meaningfully, says Bernstein
Subscribe for More Information
February 17, 2015
17:13 EDTMUPoint72 gives quarterly update on stakes
Subscribe for More Information
10:00 EDTMUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:56 EDTMUMicron rises, levels to watch
Subscribe for More Information
07:41 EDTMUMicron price target raised to $45 from $42 at Jefferies
Subscribe for More Information
07:22 EDTSNDKMitsubishi UFJ to hold a tour
Subscribe for More Information
07:10 EDTMUMicron upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Micron to Outperform with a $40 price target based on expectations memory medium-term pricing trends will remain stable given structural supply constraints, which could result in $5B in free-cash-flow in CY16.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use