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Stock Market & Financial Investment News

News Breaks
August 8, 2014
11:51 EDTQCOM, INTC, BRCM, NVDANVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
Shares of graphic chip maker NVIDIA (NVDA) are rallying after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. WHAT'S NEW: Last night, NVIDIA reported second quarter adjusted EPS of 30c, beating analysts' consensus estimates of 20c, on revenue of $1.1B, in line with estimates. Q2 adjusted gross margin came in at a record 56.4%., the company said. Chief Executive Officer Jen-Hsun Huang noted that the company saw strong gains in Gaming, Datacenter & Cloud and Mobile, and said the company's Tesla datacenter business is benefitting from stron gdemand from cloud service providers. The executive said that the company's SHIELD tablet is generating "considerable excitement." WHAT’S NOTABLE: Looking ahead to the third quarter, NVIDIA expects revenue of $1.2B, plus or minus 2%, versus consensus $1.16B. GAAP and non-GAAP gross margins are expected to be 55.2% and 55.5%, respectively, plus or minus 50 basis points. GAAP operating expenses are forecast at approximately $463M; non-GAAP operating expenses are expected to be approximately $416M. Capital expenditures are seen at approximately $40M-$50M. During the first half of the year, NVIDIA said it returned $594M of the $1B it intends to return to shareholders in fiscal 2015. ANALYST REACTION: This morning, research firm Needham upgraded NVIDIA to Buy from Hold. The firm believes that earnings volatility has been reduced and margins have been raised by the change in the company's strategy. The firm, which has a price target of $23 on shares, believes that the stock's decline has created a good entry point. Another firm, Brean Capital, maintained a Hold rating on the shares with a mid-point target range of $20. Brean expects gross margins to be negatively affected in the second half of the year due to strength in the Tegra processor, and expects the ramp of Tegra to drive the revenue growth in Q3. The firm recommended waiting for a decline before becoming more constructive on the stock. PRICE ACTION: In late morning trading, NVIDIA rose $1.31, or 7.5%, to $18.77 on nearly twice its average daily trading volume. Including today’s advance, the stock has gained approximately 28% over the past twelve months. OTHERS TO WATCH: Other companies in the chip space include Intel (INTC), up 0.5%, Qualcomm (QCOM) up 0.6%, and Broadcom (BRCM), up 1.2%.
News For NVDA;INTC;QCOM;BRCM From The Last 14 Days
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August 23, 2015
14:23 EDTINTCApple, Micron shares look like bargains, Barron's says
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August 21, 2015
16:21 EDTQCOMOn The Fly: Top stock stories for Friday
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13:41 EDTQCOMAmbarella sinks after supremacy in drone technology challenged by Qualcomm
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12:53 EDTQCOMAmbarella competition in drones not a surprise, says Canaccord
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11:12 EDTQCOMQualcomm reportedly to enter consumer drone market
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10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
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10:37 EDTINTCAnalysts upbeat on HP ahead of split after earnings beat
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09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
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08:54 EDTINTCIntel price target lowered to $25 from $32 at Baird
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August 20, 2015
16:00 EDTINTCOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
14:39 EDTINTCEarnings Watch: Hewlett-Packard reports ahead of company split
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10:00 EDTBRCMOn The Fly: Analyst Downgrade Summary
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08:39 EDTBRCMBroadcom downgraded to Hold from Buy at Argus
Argus downgraded Broadcom (BRCM) to Hold following the announcement that the waiting perorid under the Hart-Scott-Rodino Antitrust Act had expired. The firm now expects the acquisition by Avago (AVGO) to go through.
August 19, 2015
06:18 EDTQCOMQualcomm exec among casualties in midair plane crash, AP reports
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06:14 EDTINTCIntel to launch contest show on Turner Broadcasting, WSJ reports
Intel (INTC) is making a foray into reality television by developing a contest show with Mark Burnett and Time Warner's (TWX) Turner Broadcasting unit, the Wall Street Journal reports. The program will be called "America's Greatest Makers" and will engage "do-it-yourselfers" who turn microchips and other components into devices and gadgets, competing for a $1M prize, the report says. The show is scheduled to appear on TV and other media channels in 2016, the report adds. Reference Link
August 18, 2015
18:30 EDTINTCChip makers advance after Analog Devices reports Q3 financial results
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13:35 EDTINTCMicrochip selects Intel technology to enhance Internet-of-Things security
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13:32 EDTINTCAtmel collaborates with Intel on Internet of Things applications
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05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
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August 17, 2015
10:55 EDTBRCMOptions with increasing implied volatility
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