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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:29 EDTIRF, MSCC, AMD, INTC, MXIM, FSL, INVN, AVGO, NXPIGoldman 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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January 15, 2015
16:02 EDTINTCIntel sees Q1 revenue $13.7B, plus or minus $500M, consensus $13.77B
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16:01 EDTINTCIntel reports Q4 EPS 74c, consensus 66c
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15:14 EDTINTCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 66c; Schlumberger (SLB), consensus $1.46; Bank of the Ozarks (OZRK), consensus 41c; People's United (PBCT), consensus 21c; Wintrust Financial (WTFC), consensus 77c.
15:02 EDTAMD, INTCEarnings Preview: Jefferies refutes bear case on Intel
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14:14 EDTINTCIntel technical notes ahead of earnings
The shares have been in a sideways consolidation pattern for the past two months which could become an active, in this case bullish, symmetrical triangle pattern. That pattern would be confirmed and active at or above $37.75. Upside potential for the pattern at a minimum would be to the $40 area. On good news and strong guidance, that pattern could trigger. If the news disappoints, that potential pattern could become void. A move below $36 would destroy the pattern's potential. Next downside levels based on support could be at $35.26, $34.23, and $32.54.
13:29 EDTINTCIntel January 36.5 straddle priced for 3.8% movement into Q4
11:19 EDTAMDStocks with call strike movement; BBRY AMD
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06:27 EDTINTCIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
11:23 EDTINTCIntel lower after report says Apple may displace chips in Macs
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11:01 EDTINTCAnalyst says Apple may replace Intel chips in Macs, AppleInsider reports
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10:00 EDTMXIMOn The Fly: Analyst Upgrade Summary
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08:18 EDTINTCIntel Q4 revenue likely to be at high end of guidance range, says Pacific Crest
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07:46 EDTINTCIntel January volatility elevated into Q4 and outlook
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07:18 EDTMXIMMaxim Integrated upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Maxim Integrated to Overweight on expectations the company's wireless segment will experience improved fundamentals. The firm raised its price target for shares to $40 from $32.
06:29 EDTINTCCompanies reach new deal on worker hiring issue, Reuters says
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06:16 EDTINTCIntel to expand 2-in-1 reference design to 12.5-inch display, DigiTimes says
Intel has expanded its $349-$399 2-in-1 devices' reference design to cover 12.5-inch display products, reports DigiTimes. Citing sources from notebook makers, the expansion will likely heat up competition in the 12-inch IT product segment. Reference Link
January 13, 2015
11:57 EDTINTCHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:21 EDTIRFInfineon sees International Rectifier acquisition accretive to pro-forma EPS
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09:36 EDTAMDActive equity options trading
Active equity options trading according to Track Data: AAPL AMD AA TWTR GILD C CELG TSLA GOOG
08:22 EDTINTCIntel should meet or beat sales guidance midpoint, says Wells Fargo
Wells Fargo thinks that Intel should be able to meet, or beat, the midpoint of its Q4 guidance for 1% sequential sales growth. The firm believes the results could set a positive tone for computer related chips, with strong growth in data centers and a continuing recovery in PC growth. Wells keeps an Outperform rating on Intel.
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