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Stock Market & Financial Investment News

News Breaks
December 20, 2012
19:16 EDTHEB, WWAY, NKE, MU, RHT, RIMM, TIBXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Nike (NKE), up 5%... Tibco Software (TIBX), up 4.7%... Red Hat (RHT), up 5.6%... ALSO HIGHER: Westway Group (WWAY), up 8% after an affiliate of EQT Infrastructure agreed to acquire the company for $6.70 per share... DOWN AFTER EARNINGS: Research in Motion (RIMM), down 10%... Micron Technology (MU), down 3.2%... ALSO LOWER: Hemispherx BioPharma (HEB), down 24% after Bloomberg reported that an FDA advisory panel voted against recommending approval for the company's drug Ampligen.
News For NKE;TIBX;RHT;WWAY;RIMM;MU;HEB From The Last 14 Days
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April 24, 2015
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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06:45 EDTNKENike downgraded to Hold from Overweight at HSBC
HSBC downgraded Nike to Hold and lowered its price target to $104 from $107. The firm said Nike's valuation remains impressive but believes estimates are unlikely to move significantly higher given FX impact and downgraded shares due to valuation.
April 23, 2015
08:31 EDTRHTRed Hat management to meet with JPMorgan
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07:05 EDTRHTRed Hat to hold a webinar
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April 22, 2015
18:27 EDTMUSemiconductor stocks under pressure after TI, Qualcomm report financial results
Semiconductor stocks are under pressure after earnings reports from Texas Instruments (TXN) and Qualcomm (QCOM). TEXAS INSTRUMENTS: TI reported first quarter results that were lower than analyst expectations, and gave second quarter guidance below consensus estimates. In its Q1 earnings press release, Texas Instruments said its outlook for Q2 is for earnings per share between 60c-70c and revenue in the range of $3.12B-$3.38B. "Our estimates assume continuing weakness in our communications equipment and personal electronics markets, particularly for wireless infrastructure equipment and PCs, respectively. We also do not expect a near-term rebound in foreign currency exchange rates. The annual effective tax rate for 2015 is expected to be about 30%." QUALCOMM: Qualcomm reported Q2 results that were better than analyst's average estimates, but lowered its fiscal year 2015 EPS and revenue views. Qualcomm CEO Steve Mollenkopf said, "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer." PRICE ACTION: In after-hours trading, shares of Texas Instruments are down over 6%, while Qualcomm shares are down almost 3%. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), NVIDIA (NVDA), Altera (ALTR), Xilinx (XLNX), and Maxim Integrated (MXIM).
April 21, 2015
07:11 EDTMUMicron does not have negative read through from Lam results, says RBC Capital
RBC Capital says that Lam Research's (LRCX) beat and raise results do not increase its concern about oversupply in the memory market. RBC believes that the results indicate a market share shift, not an increase in aggregate DRAM spending. RBC says that DRAM prices are stable, and it keeps an Outperform rating on Micron (MU).
April 19, 2015
14:07 EDTMUMicron looks attractive at $28, Barron's says
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April 15, 2015
17:36 EDTMUMicron shares trade lower by 1% after SanDisk Q1 results
15:05 EDTMUEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
April 14, 2015
16:25 EDTNKEPiper upgrades Nike to buy following survey of teens
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16:06 EDTNKENike upgraded to Overweight from Neutral at Piper Jaffray
09:19 EDTMUMicron management to meet with Brean Capital
Meeting to be held in Chicago on April 21 hosted by Brean Capital.
April 13, 2015
08:32 EDTNKEUnder Armour rises after Spieth brings attention to golf gear
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