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Stock Market & Financial Investment News

News For SCSC;FLEX;TECD;MU;EMC;AMD;PLXS;CTXS;SNX;DELL;IM From The Last 14 Days
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April 21, 2015
14:34 EDTEMCEarnings Watch: EMC to report after several downgrades
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07:11 EDTMUMicron does not have negative read through from Lam results, says RBC Capital
RBC Capital says that Lam Research's (LRCX) beat and raise results do not increase its concern about oversupply in the memory market. RBC believes that the results indicate a market share shift, not an increase in aggregate DRAM spending. RBC says that DRAM prices are stable, and it keeps an Outperform rating on Micron (MU).
05:48 EDTIMIngram Micro enters partnership with Secure Channels
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April 20, 2015
18:05 EDTFLEXElectronic manufacturing stocks under pressure after Sanmina Q3 results
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April 19, 2015
14:07 EDTMUMicron looks attractive at $28, Barron's says
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April 17, 2015
16:24 EDTAMDOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
13:31 EDTEMCSymantec approached NetApp, EMC about potential Veritas sale, Bloomberg says
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12:21 EDTAMDOn The Fly: Top stock stories at midday
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10:19 EDTAMDAnalyst says AMD driving close to cliff after Q1 miss
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10:00 EDTAMDOn The Fly: Analyst Downgrade Summary
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10:00 EDTEMCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CECO Environmental (CECE) upgraded on several positive catalysts at Roth Capital... EMC (EMC) upgraded to Outperform from Market Perform at Bernstein... Fleetmatics (FLTX) upgraded to Overweight from Neutral at Piper Jaffray... NorthStar Asset Management (NSAM) upgraded to Buy from Hold at MLV & Co.... Penn National (PENN) upgraded to Overweight from Neutral at JPMorgan... Rosetta Genomics (ROSG) upgraded to Buy from Hold at Cantor... Ulta Salon (ULTA) upgraded to Buy from Neutral at Nomura... Xcel Energy (XEL) upgraded to Buy from Hold at Argus.
09:14 EDTAMDOn The Fly: Pre-market Movers
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08:59 EDTAMDAMD downgraded to Hold from Buy at Ascendiant
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08:18 EDTAMDAMD model appears to be breaking, sauys Bernstein
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07:50 EDTAMDAMD price target lowered to $3-$3.50 from $3.50-$4 at Wells Fargo
Wells Fargo cut its price target on AMD after the company reported weaker than expected revenue and guidance. The firm sharply cut its estimates and now believes that it is important to emphasize the significant risks that the company faces given its continuing drop in sales and ongoing losses. Nonetheless the firm believe that AMD has valuable expertise in microprocessor and graphics circuit design from which, in time, it should be able to generate a profit. Wells keeps an Outperform rating.
06:06 EDTEMCEMC upgraded to Outperform from Market Perform at Bernstein
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April 16, 2015
19:00 EDTAMDOn The Fly: After Hours Movers
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16:43 EDTAMDAMD sees FY15 non-GAAP operating expense roughly $340M-$370M per quarter
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16:41 EDTAMDAMD sees Q2 non-GAAP gross margin roughly 32%
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16:25 EDTAMDAMD exits 'dense' server systems sector, effective immediately
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