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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:29 EDTMSCC, INTC, AMD, IRF, NXPI, INVN, MXIM, AVGO, FSLGoldman cuts sector view on semiconductors to Cautious
Goldman Sachs downgraded its rating on the semiconductor sector to Cautious from Neutral amid concerns that chips sales could weaken. WHAT'S NEW: In a number of key end markets, the growth of revenue from semiconductors is surpassing the growth of the markets themselves, Goldman analyst James Covello reported. In the automobile sector for example, semiconductor revenue growth has been 12% higher than the increase in the number of automobiles sold, the analyst reported. Moreover, the number of overall chips shipped was 5% over normalized demand levels this quarter, warned Covello. Consequently, the risk of semiconductor companies missing fourth quarter consensus estimates has increased, according to the analyst. WHAT'S NOTABLE: Covello downgraded his rating on two companies in the sector, lowering NXP Semiconductors (NXPI) to Sell from Neutral and cutting InvenSense (INVN) to Neutral from Buy. He removed Maxim Integrated (MXIM) from the firm's Conviction List but kept a Buy rating on the shares. In addition to Maxim, Covello also has relatively upbeat outlooks on Avago (AVGO), Freescale (FSL), and Microsemi (MSCC). He kept Sell ratings on Intel (INTC), AMD (AMD) and International Rectifier (IRF). PRICE ACTION: In early trading, NXP Semiconductors fell 4% to $61 and InvenSense dropped 2.5% to $24.40. Avago and Freescale fell slightly, while Microsemi, Intel, AMD, and International Rectifier rose slightly.
News For NXPI;INVN;MXIM;AVGO;FSL;MSCC;INTC;AMD;IRF From The Last 14 Days
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October 10, 2014
07:56 EDTINTCIntel Q3 results may be near-term catalyst, says Stifel
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October 9, 2014
14:00 EDTAMDTiming of AMD CEO changes suggest another disappointing quarter, says Argus
After AMD announced last night that its CEO has stepped down, Argus notes that the change in the role is the fourth at the company since 2008 and that its suddenness suggests that its just ended quarter, which will be reported on in a week, will be disappointing. The firm believes executive turnover adds to the view that AMD’s business model is flawed or broken and Argus maintains its Hold rating on the stock.
10:00 EDTAMDOn The Fly: Analyst Downgrade Summary
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09:20 EDTAMDOn The Fly: Pre-market Movers
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08:08 EDTAMDAMD downgraded at Wedbush
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07:11 EDTAMDAMD downgraded to Neutral from Outperform at Wedbush
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07:03 EDTINTCIntel quarter to be in-line or modestly better, says Piper Jaffray
Piper Jaffray expects Intel's quarterly results on October 14 to be in-line to modestly above consensus. The firm's channel checks indicate PC demand trends will remain stable into year-end amid solid corporate demand. Piper reiterates an Overweight rating on Intel with a $37 price target.
October 8, 2014
18:31 EDTAMDOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
18:21 EDTAMDAMD down 6.7% in after hours trading following departure of Rory Read as CEO
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16:56 EDTINTCGartner says worldwide PC shipments in Q3 declined 0.5%
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16:17 EDTAMDAMD appoints Dr. Lisa Su as CEO
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10:00 EDTINTCOn The Fly: Analyst Initiation Summary
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05:58 EDTAMDStocks with implied volatility above IV index mean; AVP AMD
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October 7, 2014
16:33 EDTINTCIntel initiated with a Market Perform at Northland
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13:34 EDTINTCIntel October volatility elevated into Q3 and revenue outlook
Intel October call option implied volatility is at 35, November is at 28, December is at 24; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on October 14.
06:18 EDTAMDAMD to release next-generation notebook APUs, DigiTimes reports
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October 6, 2014
12:00 EDTINVNStocks with call strike movement; INVN SUNE
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08:36 EDTINTCSeagate, Intel invest in hybrid storage company Reduxio
Hybrid storage start-up Reduxio Systems announced that it has closed a $15M Series B funding, led by Seagate Technology (STX) and joined by existing investors Jerusalem Venture Partners, Carmel Ventures and Intel Capital (INTC). In conjunction with this investment, Seagate will obtain a seat on the Reduxio Board of Directors, the company stated.
07:36 EDTAVGOAvago price target raised to $97 from $95 at Canaccord
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06:23 EDTINTCIntel to push Broadwell into three notebook segments, DigiTimes reports
Intel is looking to push its 14nm Broadwell processors into three major notebook segments, reports DigiTimes. According to sources from the upstream supply chain, Intel is looking to push Brodawell into the entry-level non-touchscreen traditional notebooks, 2-in-1 devices, and 14- to -17-inch performance-level notebooks. Reference Link
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