New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2012
16:27 EDTINTC, SHS, NCR, MLNX, GMCR, RTLX, TFM, UTI, BPOn The Fly: Closing Wrap
Stocks on Wall Street rose about 0.8% after falling nearly 1% in the first half hour of the session. Comments out of Washington by House Speaker John Boehner and President Obama, followed by a report from the AP that White House officials plan to meet with other Senate and House leaders regarding the fiscal cliff, sent the averages into positive territory after midday and the markets went in to the close at their highs of the day... ECONOMIC EVENTS: In the U.S., new single-family home sales fell 0.3% in October to a seasonally adjusted 368,000-unit annual rate. Also, the government revised sharply lower its estimate for the prior month's sales. The EIA reported crude oil inventories drew down by 347,000 barrels last week, versus expectations for a 350,000 barrel build up... COMPANY NEWS: The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the company demonstrates it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP opened sharply lower, but settled up 13c, or 0.31%, to $41.48... Shares of Retalix (RTLX) moved up sharply and were halted for trade following a report in Israel's Calcalist that it had reached a deal to be acquired by NCR (NCR). Shares were up $7.21, or 32.92%, to $29.11 when they were halted and the companies confirmed in a press release after the bell that NCR will pay $30.00 share to acquire the Israel-based software firm... MAJOR MOVERS: Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which saw shares trade up $7.91, or 27.32%, to $36.86 after the company's Q4 earnings report beat Street estimates and at least three analyst firms raised their price targets on the stock. Also higher were shares of Sauer-Danfoss (SHS), up $13.34, or 33.88%, to $52.72 after Danfoss S/A proposed to purchase all shares of the company is does not already own for $49.00. Among the noteworthy losers were shares of Universal Technical (UTI), down $3.44, or 28.10%, to $8.80 after the company said it sees FY13 student starts flat year-over-year and the stock was downgraded to Underperform at BMO. Also lower were shares of Mellanox Technologies (MLNX), down $8.07, or 9.57%, to $76.23 as concerns over competition from Intel (INTC) prompted a slide, though shares were defended at Pacific Crest and Barclays. Also lower were shares of The Fresh Market (TFM), down $7.46, or 12.38%, to $52.78 after the company's CFO unexpectedly resigned last night... INDICES: The Dow was up 106.98, or 0.83%, to 12,985.11; the Nasdaq was up 23.99, or 0.81%, to 2,991.78; and the S&P 500 was up 10.99, or 0.79%, to 1,409.93.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 >>
September 30, 2015
07:32 EDTMLNXMellanox agrees to acquire EZchip
Mellanox Technologies (MLNX) and EZchip (EZCH) announced that they have entered into a definitive merger agreement under which Mellanox shall acquire 100% of EZchip's outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811M, or roughly $620M net of cash. The terms of the transaction have been unanimously approved by both the Mellanox and EZchip Boards of Directors. The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668M for the twelve months ended June 30, 2015. The transaction is projected to close in the first quarter of 2016, subject to the completion of certain closing conditions. Mellanox expects the transaction to be non-GAAP accretive from day one. Under the terms of the definitive agreement, EZchip shareholders will receive $25.5 for each ordinary share of EZchip that they hold at the closing of the transaction. Mellanox intends to fund the transaction with cash on hand from the combined companies and $300M in fully-committed debt financing. The proposed acquisition is subject to customary closing conditions, including the receipt of applicable regulatory approvals and the approval of EZchip's shareholders.
06:18 EDTMLNXMellanox said to be in talks to buy EZchip for $700M-$800M, Reuters reports
Subscribe for More Information
September 29, 2015
09:03 EDTINTCHP updates entry-level workstation
HP (HPQ) announced the HP Z240 Tower and Z240 SFF Workstations with next generation Intel (INTC) processors and HP Z Turbo Drive options, raising the bar for entry-level workstations, while providing the reliability of a workstation at the price point of a desktop PC. The Z240 is the latest update to the world's No. 1 ranked entry-level workstation, the HP Z230. As HP's most affordable workstation, the Z240 is ideal for customers in the video editing, MCAD/AEC, education, public sector and image viewing industries.
07:28 EDTGMCRKeurig CEO: Kold machine to drive long-term growth, Reuters reports
Subscribe for More Information
06:48 EDTINTCAMD stake sale talks with Silver Lake stalled, Bloomberg says
Advanced Micro Devices (AMD), a competitor of Intel (INTC), was in discussions to sell an approximate 25% stake to private equity firm Silver Lake Management before the talks were stalled, Bloomberg reports, citing people with knowledge of the matter. The two sides have put talks on hold after they failed to reach an agreement over price and strategy, the report says. AMD is looking into other strategic options, the report says. Reference Link
September 28, 2015
15:58 EDTNCRNCR Corp. strategic review still ongoing, says JPMorgan
JPMorgan Stanley said the the strategic review at NCR is still ongoing and continues to evaluate ways to create shareholder value, including asset sales, improved allocation of capital, and an outright sale of the complete company.
10:50 EDTINTCAnalyst more upbeat on Intel, downgrades Qorvo following trip to Asia
After traveling to Asia, Pacific Crest analyst Michael McConenell was more upbeat on the outlook for Intel (INTC), as well as smartphone chip makers Avago (AVGO) and Skyworks (SWKS). The analyst downgraded another smartphone chip maker, Qorvo (QRVO), to Sector Weight from Overweight, warning that the company's results may miss expectations down the road. BULLISH: Shipments of notebook computers appear set to exceed expectations by 5%-10% this month, after more of the devices seem to have been manufactured in August and September than in previous months, according to McConnell. Meanwhile, cloud customers are sparking a significant rebound in data centers' semiconductor demand, the analyst stated. Moreover, motherboard manufacturers say they are seeing increased demand for their products from desktop PC makers, the analyst stated. All of these trends bode well for Intel, indicated McConnell, who kept a $35 price target and Overweight rating on the shares. Demand for Avago's products appears to have remained healthy, given the company's low exposure to China and the strong demand for Apple's (AAPL) iPhone 6S devices, the analyst stated. Another research firm, Craig-Hallum, recently estimated that Avago generates $6.75 of revenue per iPhone 6S sold, up from the $6.50 it obtained from the previous generation of iPhones. Pacific Crest's McConnell kept a $180 price target and Overweight rating on the shares of Avago. Skyworks should benefit from strong near-term demand trends, driven by a shift to module architectures, McConnell contended. According to the analyst, the company's 2016 outlook is also strong. BEARISH: Analysts' "out-quarter estimates" for Qorvo are too high, as they expect the company to grow 8.4% each quarter, versus only 5.9% for Skyworks, McConnell stated. Qorvo is facing several headwinds, including struggles with a key customer, Chinese smartphone maker Xiaomi, and its inability to obtain more revenue per each iPhone sold, the analyst stated. These headwinds will probably prevent Qorvo from meeting analysts' expectations, warned McConnell. Additionally, the company will be hurt by the slowdown in the growth of the Chinese smartphone market, predicted the analyst, who cut his rating on the stock to Sector Weight from Overweight. PRICE ACTION: In morning trading, Intel rose 1.2% to $29.16, Avago dropped 1.7% to $124.56, Skyworks fell 3.6% to $84.58 and Qorvo declined 8.5% to $43.61.
10:00 EDTBPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:03 EDTBPBP initiated with an Outperform at BMO Capital
07:39 EDTINTCIntel fundamentals improving, says Pacific Crest
Subscribe for More Information
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link
September 25, 2015
16:00 EDTINTCOptions Update; September 25, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 25.09. Option volume leaders: AAPL NFLX BAC FB AU NKE PFE INTC AMZN TSLA
10:00 EDTINTCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M (MMM) upgraded to Outperform from Neutral at Credit Suisse... ACE Limited (ACE) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Buy from Outperform at CLSA... Autoliv (ALV) upgraded to Sector Perform from Underperform at RBC Capital... Bed Bath & Beyond (BBBY) upgraded to Market Perform at Telsey Advisory... Box (BOX) upgraded to Buy at Canaccord... Chevron (CVX) upgraded to Peer Perform from Underperform at Wolfe Research... CyberArk (CYBR) upgraded to Buy from Neutral at Nomura... Exelon (EXC) upgraded to Buy from Neutral at Guggenheim... General Growth (GGP) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded on positive checks, developments at JMP Securities... KLA-Tencor (KLAC) upgraded to Outperform from Underperform at CLSA... Lam Research (LRCX) upgraded to Buy from Outperform at CLSA... Marvell (MRVL) upgraded to Buy from Hold at Craig-Hallum... Nike (NKE) upgraded on share gains at Sterne Agee CRT... Spirit Airlines (SAVE) upgraded to Outperform from Market Perform at Cowen... United Rentals (URI) upgraded to Neutral from Underperform at BofA/Merrill.
09:21 EDTINTCIntel upgraded on positive checks, developments at JMP Securities
Subscribe for More Information
06:30 EDTINTCIntel upgraded to Market Perform from Underperform at JMP Securities
Subscribe for More Information
September 24, 2015
10:01 EDTMLNXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:32 EDTINTCActive equity options trading on open
Subscribe for More Information
06:34 EDTINTCApple 'A10' processor may switch to six-cores, AppleInsider reports
Subscribe for More Information
06:32 EDTMLNXMellanox initiated with a Buy at DA Davidson
Subscribe for More Information
06:20 EDTBPBP management to meet with Jefferies
Meetings to be held in Chicago/Kansas City/Minneapolis September 29- October 1 hosted by Jefferies.
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use