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Stock Market & Financial Investment News

News Breaks
May 13, 2014
04:55 EDTNVDA, NVDA, AMD, AMD, BRCM, BRCM, KLAC, KLAC, LRCX, LRCX, MXIM, MXIM, ALTR, ALTR, AMCC, AMCC, CAVM, CAVM, INVN, INVN, AXG, AXGCLSA to hold a tour
Silicon Valley Semi Tour travels throughout Silicon Valley meeting with semiconductor companies on May 13-14.
News For NVDA;INVN;CAVM;AMCC;ALTR;MXIM;LRCX;KLAC;BRCM;AMD;AXG From The Last 14 Days
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January 28, 2016
07:50 EDTLRCXLam Research weakness would be a buying opportunity, says Cowen
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07:23 EDTINVNInvenSense downgraded to Market Perform from Outperform at Barrington
Barrington analyst Ted Moreau downgraded InvenSense to Market Perform citing a lack of revenue and earnings growth over the coming several quarters following the company's weaker than expected guidance.
January 27, 2016
19:30 EDTINVNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
17:22 EDTCAVMCavium sees Q1 adjusted EPS 24c-26c, consensus 27c
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17:17 EDTCAVMCavium reports Q4 adjusted gross margin 66.6%
Reports Q4 adjusted operating margin 17.1%.
16:57 EDTINVNInvenSense sees Q4 adjusted EPS 0c-2c, may not compare to consensus 12c
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16:23 EDTLRCXLam Research slips after results
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16:20 EDTINVNInvenSense reports Q3 adjusted gross margin 44%
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16:19 EDTINVNInvenSense reports Q3 adjusted EPS 18c, consensus 18c
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16:19 EDTCAVMCavium reports Q4 non-GAAP EPS 28c, consensus 28c
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16:13 EDTLRCXLam Research sees Q3 EPS $1.07, plus or minus 10c, consensus $1.31
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16:12 EDTLRCXLam Research reports Q2 EPS $1.57, consensus $1.43
Reports Q2 revenue $1.43B, consensus $1.41B. The company said, "Strong execution combined with our ability to capitalize on the inflection-driven market expansion continued to drive outperformance in profitable growth. We remain committed to invest proactively and broadly to create enabling value for our customers and growth for Lam. We are excited about our proposed business combination with KLA-Tencor, which upon completion will deliver a new and unmatched capability to the benefit of the global semiconductor industry."
14:34 EDTCAVM, LRCXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.
05:24 EDTBRCMBroadcom implied volatility of 16 at lower end of index mean range
January 26, 2016
15:03 EDTBRCMEarnings Watch: Apple may report first ever quarter with iPhone unit decline
Apple (AAPL) is set to report earnings for the company's first quarter of fiscal year 2016 after the market close on Tuesday, January 26, with a conference call scheduled for 5:00 pm ET. Apple, the most valuable U.S.-listed company by market capitalization, is the manufacturer of the iPhone and iPad, among other devices. EXPECTATIONS: Analysts are looking for earnings per share of $3.23 on revenue of $76.59B, according to First Call. The consensus range for EPS is $2.83-$3.44 on revenue of $70.65B-$79.96B. Along with its last earnings report, Apple said it sees Q1 revenue of $75.5B-$77.5B and a gross margin between 39%-40%. On average, analysts expect the tech giant to report iPhone units of 75M, according to Bloomberg data that sources nine analyst estimates. iPad units are estimated at 17.3M, Mac units are estimated at 5.8M and Watch units are estimated at 5.3M, according to Bloomberg. LAST QUARTER: On October 27, Apple reported fourth quarter EPS of $1.96, which topped the consensus estimate of $1.88. Fourth quarter revenue of $51.5B also beat the $51.12B consensus expectation. Apple reported iPhone units of 48.05M, iPad units of 9.88M and Mac units of 5.71M in Q4. Apple reported a Q4 gross margin of 39.9%. LAST YEAR: In its first fiscal quarter of last year, Apple reported EPS of $3.06 on revenue of $74.6B and a gross margin of 39.9%. Last year, Apple reported iPhone units of 74.47M, iPad units of 21.42M and 5.52M Mac units in its first quarter. UPCOMING PHONES: According to media reports, Apple's next flagship smartphone, likely called the iPhone 7, will not have a 3.5mm headphone jack, will be thinner, and will likely support wireless charging and be waterproof. Apple is also rumored to soon be releasing a new 4-inch iPhone, known as the "iPhone 5se," that will likely have faster A9/M9 chips and always-on Siri, 9to5Mac reported. The iPhone 5s will be discontinued upon the release of the 5se, which is expected as soon as mid-March, the report said. CAR EFFORTS: Steve Zadesky, who was tapped by Tim Cook to lead Apple's electric car development, is leaving the company, Bloomberg reported on January 24, citing sources. Zadesky stepped down due to personal reasons unrelated to his performance, and the move has not affected Apple's plans to build a car, Bloomberg added. The next day, AppleInsider said Apple has placed a hiring freeze on the team involved with the company's nascent automotive project known as "Project Titan" after company executives became unsatisfied with the project's progress, though CNET then said, citing a source, that contrary to the earlier report Apple Chief Design Officer Jony Ive was not unhappy with the direction of the company's car effort. OTHER NEWS: In early December, CBS (CBS) CEO Les Moonves said Apple had paused development of its live TV service, according to Bloomberg. "They've had conversations on it and I think they pressed the hold button. They were looking for a service," said Moonves, according to the report. Following up on that report, Re/code, citing sources, said Apple had walked away from negotiations with TV industry executives due to issues with the composition of the "skinny bundle" it would offer. Later in the month, Apple announced that Jeff Williams had been named COO and Johny Srouji is joining Apple's executive team as senior vice president for Hardware Technologies. UBS analyst Steven Milunovich said afterward that Williams looks like CEO Tim Cook's successor, adding that Williams had been speculated as next in line since he had been included in presentations, but the promotion to a new position was still unexpected. STREET RESEARCH: On the day after the company's last quarterly report, Pacific Crest analyst Andy Hargreaves upgraded Apple to Overweight, stating that its long-term value offset its remaining near-term risks. On November 18, Goldman Sachs analyst Simona Jankowski upgraded Apple to Conviction Buy, saying the market views Apple as a "hardware" stock, or a company with limited recurring revenue and visibility that only extends to the next product cycle, but over the next year she expects the market focus will shift from unit growth to installed base monetization and recurring revenues, which she dubbed "Apple-as-a-Service." On December 11, BMO Capital analyst Tim Long initiated Apple with an Outperform rating and $145 price target, contending that iPhone unit growth will be in the high single digits for a few years. During mid-to-late December, several analysts, including Morgan Stanley's Katy Huberty, Credit Suisse's Kulbinder Garcha, BofA Merrill Lynch's Wamsi Mohan and UBS' Milunovich, lowered their iPhone unit estimates, citing smartphone supply chain data points and other sources of information. On January 6, Rosenblatt analysts Jun Zhang and Martin Pyykkonen downgraded Apple to Neutral, saying they believe iPhone 6S sales slowed down during the holiday season. On January 11, Mizuho analyst Abhey Lamba upgraded Apple to Buy from Neutral, saying that investors' focus on short-term supply chain data points had created an attractive risk/reward in the tech giant's shares. The next day, Bank of American Merrill Lynch upgraded Apple to Buy, echoing the view that worries that were prompted by supply chain data points had been largely factored into the stock after its pullback. On January 22, Piper Jaffray analyst Gene Munster recommended buying shares of Apple into the company's earnings report, stating that he believes the stock will rally on the iPhone number change cycle and experience multiple expansion over the next six months. Munster, who thinks shares of Apple could achieve upside of over 50% from its recent levels by the iPhone 7 launch in September, kept an Overweight rating on the iPhone maker with a $179 price target. OTHERS TO WATCH: Shares of iPhone suppliers, including Skyworks (SWKS), Cirrus Logic (CRUS), NXP Semiconductors (NXPI), Qualcomm (QCOM), Avago Technologies (AVGO) and Broadcom (BRCM), often move in reaction to Apple's earnings report and guidance. PRICE ACTION: On October 28, the day after Apple reported better than expected fourth quarter sales and profits, the stock advanced a bit over 4%. Since the beginning of the new year, Apple shares have declined more than 4.7%. Over the last three months, the stock has fallen 13% to trade near $100 per share in late afternoon trading ahead of Tuesday's report.
January 25, 2016
10:22 EDTMXIMOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
09:02 EDTLRCXLam Research shares oversold, says DA Davidson
DA Davidson expects Lam Research to provide "stable" guidance for its March quarter, creating a positive catalyst for the stock. The firm says that the 11% decline in the shares has created a buying opportunity.
09:02 EDTAMDRambus, AMD extend patent license agreement
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January 22, 2016
17:27 EDTBRCMS&P announces changes to S&P 400, 500, 600 indices
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17:17 EDTBRCMFederal Realty to replace Broadcom in S&P 500
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