New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 11, 2014
13:43 EDTMU, SNDKMicron, 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 | >>
October 27, 2014
08:02 EDTMUMicron announces $1B stock repurchase authorization
Subscribe for More Information
October 24, 2014
05:42 EDTMUMicron management to meet with JMP Securities
Meeting to be held in San Francisco on October 24 hosted by JMP Securities.
October 23, 2014
17:14 EDTMUMicron recommends shareholders reject TRC Capital's 'mini-tender' offer
Subscribe for More Information
October 22, 2014
10:03 EDTMUThe Linley Group to hold a conference
Subscribe for More Information
October 21, 2014
12:11 EDTMUEinhorn says bought some Micron back last week, trimmed at higher levels
David Einhorn of Greenlight Capital is speaking on CNBC.
10:42 EDTMUMicron recommended as long idea by Tilson, Bloomberg reports
Subscribe for More Information
09:07 EDTSNDKFlextronics appoints Michael Mendenhall as Chief Marketing Officer
Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.
October 20, 2014
18:51 EDTMUOn The Fly: After Hours Movers
Subscribe for More Information
12:36 EDTSNDK, MUOptions with decreasing implied volatility
Subscribe for More Information
06:53 EDTMUMicron upgraded to Outperform from Sector Perform at Pacific Crest
Subscribe for More Information
05:58 EDTMUMicron upgraded to Outperform from Sector Perform at Pacific Crest
October 17, 2014
16:55 EDTSNDKStocks end volatile week lower amid oil price plunge
Subscribe for More Information
16:17 EDTSNDKOn The Fly: Closing Wrap
Subscribe for More Information
14:23 EDTSNDKSanDisk shares attractive after pullback, says Argus
Subscribe for More Information
11:51 EDTMUStocks with call strike movement; MU DAL
Subscribe for More Information
09:17 EDTSNDKOn The Fly: Pre-market Movers
Subscribe for More Information
09:16 EDTMUMicron management to meet with MKM Partners
Meetings to be held in New York on October 23 and in the Mid-Atlantic area on October 24 hosted by MKM Partners.
07:32 EDTSNDKSanDisk price target lowered to $110 from $120 at UBS
Subscribe for More Information
07:31 EDTSNDK, MUSamsung first to market with new multilayer NAND technology, Nikkei says
Subscribe for More Information
05:42 EDTSNDKSanDisk pullback a buying opportunity, says Piper Jaffray
Piper Jaffray says SanDisk's Q4 guidance missed expectations because the company is seeing more demand than it can fully supply, which it views as a good problem to have. Piper thinks the recent pullback in shares provides a buying opportunity. It lowered its price target for SanDisk shares to $106 from $110 and reiterates an Overweight rating on the name.
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